Sensex Today Ends 145 Points Higher | IT & Metal Stocks Shine | Yes Bank Tanks 8%

Wed, 14 Dec Closing

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After opening the day higher, Indian share markets continued their upward momentum but pared some gains towards the end.

Indian indices ended in green for the second straight session as cooler-than-expected inflation in the US and India fueled risk appetite of investors.

Overnight, US markets rallied as retail inflation sharply eased to 7.1%. Back home, India's wholesale inflation hit a 21-month low of 5.8%.

At the closing bell, the BSE Sensex stood higher by 145 points (up 0.3%).

Meanwhile, the NSE Nifty closed higher by 52 points (up 0.3%).

Hindalco, ONGC, and Tech Mahindra were among the top gainers today.

Nestle, ICICI Bank, and Bharti Airtel on the other hand, were among the top losers today.

The SGX Nifty was trading at 18,732, up by 31 points, at the time of writing.

Broader markets settled on a positive note. The BSE MidCap inched 0.6% higher while the BSE SmallCap index ended 0.7% higher.

If you're looking to midcap stocks that offer growth in the long run, check out the 5 midcap stocks for long term.

Sectoral indices ended on a mixed note with stocks in the metal sector, IT sector and realty sector witnessing heavy buying.

While stocks in the energy sector, and FMCG sector witnessed selling.

Shares of SBI, L&T, and Bharat Forge hit their 52-week highs today.

If you're interested in knowing which shares to trade, read our guide on the best intraday stocks for today.

Asian share markets ended the day on a positive note.

The Hang Seng inched up by 0.4%, while the Shanghai Composite index ended flat. The Nikkei edged 0.7% higher.

US stock futures are trading on a negative note. Dow futures are trading flat while Nasdaq futures are trading lower by 0.1%.

The rupee is trading at 82.5 against the US$.

Gold prices for the latest contract on MCX are trading lower by 0.2% at Rs 54,743 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading up by 0.1% at Rs 68,775 per kg.

Speaking of stock markets, Rahul Shah talks about 20 stocks to watch out for high dividends in 2023.

In the video, he talks about a market-beating strategy for stock picking without using mathematics.

Tune in to know what exactly this strategy is and how it works.

Mahindra & Mahindra's EV push

In the news from the automobile sector, Mahindra and Mahindra was among the top buzzing stocks today.

Automobile major Mahindra and Mahindra (M&M) today announced that it will invest Rs 100 billion (bn) for setting up an electric vehicle (EV) manufacturing facility in Pune.

The facility will be set up under the Maharashtra government's industrial promotion scheme for EVs. Through its subsidiary, the company will invest Rs 100 bn over 7-8 years for its upcoming born electric vehicle plant.

It is in talks with states to set up EV plants as it seeks at least 30% of its sales to come from such vehicles by 2027.

M&M is raising funds for its EV subsidiary for a new four-wheel passenger EV company.

Despite being an early entrant in the EV segment with the e-Verito and e2o, M&M had lost out to rival Tata Motors. The company is now keen to regain that lost market share.

Electric two-wheeler sales have been going up in the last 8-12 months after the government revised upwards incentives under the Fame II scheme.

Note that the electric vehicle (EV) megatrend is a once in a century revolution happening right in front of us.

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.

Take a look at the chart below, which shows the massive opportunity in the two-wheeler EVs.

It remains to be seen how the above developments pan out.

Bharti Airtel launches 5G Plus service

In the news from the telecom sector, Bharti Airtel was also among the top buzzing stocks.

Telecom operator Bharti Airtel announced the launch of its cutting-edge 5G services in Lucknow today.

These 5G Plus services will be available to customers in a phased manner as the company continues to construct its network and complete the rollout.

However, customers with 5G-enabled devices will enjoy a high-speed Airtel 5G Plus network at no extra cost until the rollout is more widespread.

The company plans to expand its network to cover the entire city in the coming months, as these services are currently operational in select locations in the city.

Bharti Airtel Limited, is an Indian multinational telecommunications services corporation. It is India's second-largest network operator.

HDFC Banks' recent stake acquisition

Moving on to the news from the banking sector, HDFC Bank shares climbed 0.7%.

India's largest private sector lender HDFC Bank today acquired a minority stake in Mintoak Innovations Private Limited for Rs 311 m.

This is in line with the company's objective of investing in a start-up.

HDFC Bank is India's largest private sector bank.

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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