Sensex Today Trades Higher | MMTC Soars 7% | JSW Steel & NTPC Top Gainers

Fri, 8 Dec 10:30 am

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Asian shares rise at open on Friday as bond yields, interest rate expectations, oil prices and inflationary pressures around the world are falling, and the conviction behind this broad-based move appears to be strengthening.

The Nikkei is trading 1.8% lower while the Hang Seng index is trading 0.4% lower.

US stocks ended sharply higher on Thursday after Alphabet and Advanced Micro Devices sparked a megacap rally on fresh optimism about artificial intelligence.

Here's a table showing how US stocks performed on Thursday:

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	138.45	7.02	5.34%	140	136.23	142.38	85.57
Apple	194.27	1.95	1.01%	195	193.59	198.23	124.17
Meta	326.59	9.14	2.88%	328.24	317.77	342.92	112.46
Tesla	242.64	3.27	1.37%	244.08	236.98	299.29	101.81
Netflix	452	5.27	1.18%	452.89	448.32	485	273.41
Amazon	146.88	2.36	1.63%	147.92	145.34	149.26	81.43
Microsoft	370.95	2.15	0.58%	371.45	366.32	384.3	219.35
Dow Jones	36117.38	62.95	0.17%	36164.17	36021.95	36292.58	31429.82
Nasdaq	16022.49	234.44	1.48%	16042.51	15875.48	16166.51	10671.19

Data Source: Equitymaster

At present, the BSE Sensex is trading 195 points higher and NSE Nifty is trading 75 points higher.

JSW Steel and NTPC are among the top gainers today.

Bajaj Finance on the other hand are among the top losers today.

Broader markets are trading on positive note. The BSE Mid Cap index and the BSE Small Cap index is trading higher by 0.5%.

Sectoral indices are trading mixed today, with stocks in metal sector, realty sector witnessing most buying. Meanwhile stocks in telecom sector and auto sector witness selling pressure.

Shares of Nestle and grasim hit their 52-week high today.

The rupee is trading at Rs 83.34 against the US dollar.

In commodity markets, gold prices are trading 0.1% lower at Rs 62,537 per 10 grams today.

Meanwhile, silver prices are trading 0.4% higher at Rs 74,642 per 1 kg.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

Speaking of stock markets, when it comes to famous turnarounds of the last one year, no discussion can be complete without Suzlon Energy.

The stock was arguably on the top of the list of every market pundit.

For perspective, the stock is up a whopping 312% in the last one year, far outperforming the close to 40% returns earned by the BSE Small Cap index.

By the way, it is up a huge 20x from its March 2020 lows. Talk of life changing investments!

However, there is a risk to investing in a stock like Suzlon Energy and ignoring this risk could prove fatal over the long run.

Co-head of research, Rahul Shah, in his latest video talks about what exactly is this risk and how should one minimise it.

Maruti Suzuki's eVX To Hit Road

Maruti Suzuki has officially confirmed the launch of its first electric vehicle, the eVX, by March 2025. This announcement comes after months of speculation and anticipation and marks a significant step forward for the company's electrification strategy.

The eVX will be manufactured at Maruti's facility in Hansalpur, Gujarat, which is also where popular models like the Baleno, Swift, Dzire, and Fronx are produced.

The company has invested heavily in upgrading the facility to accommodate EV production, and a new production line has been added specifically for the eVX.

The eVX will be a high-specification SUV, with a range of around 550 kilometres on a single charge. It will be based on Toyota's 27PL skateboard platform, which is also used in the Toyota Urban SUV concept.

This partnership between Maruti Suzuki and Toyota is expected to help both companies bring their electric vehicles to market more quickly and efficiently.

The launch of the eVX is a major milestone for Maruti Suzuki, as it marks the company's entry into the rapidly growing electric vehicle market in India.

The company is targeting a 25% market share for electric vehicles by 2030, and the eVX is expected to play a key role in achieving this goal.

Maruti Suzuki is at the forefront of the electric vehicle (EV) megatrend.

The revolution has taken the auto sector by storm. All segments of the sector are ripe for disruption, and India's top EV stocks are set to benefit from this shift.

To know more, check out: Maruti Suzuki Share Price at Rs 15,000: Realistic or Farfetched?

Bharat Forge To Acquire A Stake In Zorya Mashproekt

Kalyani Strategic Systems Ltd (KSSL), a subsidiary of Bharat Forge, has announced plans to acquire a majority stake in Zorya Mashproekt India.

This move is aimed at strengthening KSSL's capabilities in the development and maintenance of gas turbine engines, a key area for India's defence and aerospace sectors.

Zorya Mashproekt India is a joint venture between Zorya-Mashproekt, a Ukrainian company specializing in gas turbine engine design and development, and Bharat Forge.

The company is currently engaged in building indigenous capabilities for the repair, overhaul, and maintenance of various gas turbine engines used in aircraft, helicopters, and power generation.

The acquisition, if successful, will provide KSSL with access to Zorya-Mashproekt's expertise and technology in gas turbine engine design and development. This will enable KSSL to offer a wider range of services to its customers.

Bharat Forge stands among the Top 5 Defence Stocks to Watch Out in Nifty's Run-up to 40,000.

Bharat Forge is among the top Indian drone companies to watch out for in 2023.

Bharat Forge, on 5 December 2023, hit its all-time high peak of Rs 1,185.9.

For more, check out New All-Time High for 6 Indian Defence Stocks: Should You Invest?

IIFL Securities Wins Appeal

IIFL Securities secured a major victory by winning an appeal against a Securities and Exchange Board of India (Sebi) order. The order restricted the brokerage firm from acquiring new clients for two years and imposed a fine of Rs 10 million (m).

However, the Securities Appellate Tribunal (SAT) overturned the client acquisition restriction, allowing IIFL Securities to resume its growth.

Additionally, the tribunal significantly reduced the fine to Rs 2 m, acknowledging the technical nature of the violation and the absence of misuse of client funds.

This decision paves the way for IIFL Securities to continue its expansion plans and provides financial relief.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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