Sensex Today Trades Flat | Capital Goods and Energy Stocks Witness Buying| Axis Bank, M&M IndusInd Bank Among Top Gainers

Fri, 9 Dec 10:30 am

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Asian share markets were trading higher amid hopes that China's economy would pick up pace as Covid-19 curbs ease.

The Nikkei is up 1.2% while the Shanghai Composite is up 0.1%. The Hang Seng is up 1.6 %

The S&P 500 ended higher on Thursday, snapping a five-session losing streak, as investors interpreted data showing a rise in weekly jobless claims as a sign that the pace of interest rate hikes could soon slow.

The Dow Jones was trading higher by 0.6% while the tech heavy Nasdaq gained 1.1%.

Here's a table showing performance of US stocks yesterday:

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	93.95	-1.2	-1.26%	95.87	93.8	152.1	83.45
Apple	142.65	1.71	1.21%	143.52	141.1	182.94	129.04
Meta	115.33	1.4	1.23%	117.34	114.59	352.71	88.09
Tesla	173.44	-0.6	-0.34%	175.2	169.06	402.67	166.19
Netflix	310.26	1.84	0.60%	312.38	304.81	630.24	162.71
Amazon	90.35	1.89	2.14%	90.86	87.88	177.18	85.87
Microsoft	247.4	3.03	1.24%	248.74	243.06	344.3	213.43
Dow Jones	33,781.48	183.56	0.55%	33,899.17	33,642.46	36,952.65	28,660.94
Nasdaq	11,637.50	140.1	1.22%	11,672.14	11,470.69	16,764.86	10,440.64

Source: Equitymaster

Back home, Indian share markets are trading on a flat note, following the trend on SGX Nifty.

The BSE Sensex is trading up by 11 points. Meanwhile, the NSE Nifty is trading higher by 5 points.

IndusInd Bank and Sun Pharma are among the top gainers today. HCL Technologies and Tech Mahindra, on the other hand, are among the top losers today.

The BSE Mid Cap index is trading higher by 0.5% and the BSE Small Cap index is trading higher by 0.4%.

All sectoral indices are trading on a positive note with the exception of IT sector. Stocks in the auto sector, telecom sector and FMCG sector witnessing most of the buying.

Shares of ESAB India and HUL hit their 52-week highs today.

The rupee is trading at 82.2 against the US$.

Gold prices are trading up by Rs 184 at Rs 54,235 per 10 grams.

Meanwhile, silver prices are trading down by 0.7% at Rs 67,532 per kg.

The banking sector in India has been enjoying massive tailwinds over the past couple of quarters.

The demand for credit surged in the post Covid phase and higher interest rates has allowed the banks to fetch hefty margins without raising deposit rates.

So, how do you look for a Tata Elxsi-like massive outperformer? Tanushree Banerjee - Co head of research at Equitymaster answers this question in the below video. Watch now.

Paytm to Consider Buyback of Shares

Digital financial services firm One97 Communications, which operates under Paytm brand, on Thursday informed that its board of directors will meet next week on 13 December 2022 to consider the proposal of buyback of equity shares of the company.

The company has a liquidity of Rs 91.8 billion (bn), according to its last earnings report. Liquidity of a firm is measured by its ability to covert assets into cash.

Paytm has had the worst first-year share plunge among large IPOs over the past decade.

The digital payments platform, whose founder compared its challenges to those faced by Tesla shortly after the listing, has seen its stock erase 75% of its market value one year after its listing.

In fact, not only Paytm all the new age IT stocks had the same fate. Even the age-old IT companies were bleeding on the bourses. No wonder IT sector has remained of the most underperforming sectors in 2022.

Here's a chart covering the most underperforming sectors of 2022 -

Could these be the sectors to watch out for in 2023? Could the top performing sector for the next year, be one of these?

Technology perhaps?

To know the answers, read our editorial on 5 Big Underperformers in 2022. Could They be the Stars of 2023?

HUL to buy two firms

Hindustan Unilever (HUL) is set to enter India's health & wellbeing category with the acquisition of two companies.

HUL on Thursday announced buying a majority stake in Zywie Ventures, which sells plant-based and clean-label consumer wellness brand under the name OZiva, for Rs 2.6 bn.

It will also indirectly acquire its subsidiary Zenherb Labs.

In another transaction, the owner of Horlicks will take up a 19.8% stake in Nutritionalab, which houses its products under the brand name Wellbeing Nutrition, for Rs 700 m.

OZiva was launched in 2016 as a plant-based, and clean-label consumer wellness brand focused on spaces, such as lifestyle protein, hair & beauty supplements and women's health.

Wellbeing Nutrition was founded in 2019.

Its product range includes melts (oral thin strips), slow-release capsules, and marine collagen powder focused on spaces, such as beauty, everyday health, gut health, and sleep. This acquisition is expected to be completed by 23 January 2023.

Indigo to launch new flights

No-frills carrier IndiGo on Thursday announced it will operate 168 weekly flights to eight domestic destinations from the new Goa international airport.

The second international airport in the state will be inaugurated by Prime Minister Narendra Modi on 11 December.

The airport will commence commercial operations from 5 January 2023.

The present airport at Dabolim in south Goa will remain active, and IndiGo will continue its existing operations there.

Besides improving direct connectivity to the state, the launch of the new flight services is also aimed at catering to the increasing demand.

Hinduja Global Solutions to acquire a new firm

The business process management firm said it will acquire 100% stake in TekLink International for about Rs 4.8 bn.

It has also signed a non-binding Letter of Intent (LoI) to acquire uKnowva, a digital Human Resources Management System product business, from convergence IT services.

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!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

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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Indian Share Market Update: Top Gainers and Losers