Gift Nifty Up 188 Points | M&M to Fund Classic Legends | UltraTech Cement's Green Energy Plan | Top Buzzing Stocks Today

Thu, 14 Dec Pre-Open

   Previous Close   

   10:30 am   

   Closing   

On Wednesday, after a firm opening, witnessed profit booking at higher levels and bounced back into the green territory to end on a positive note. The market performance could be attributed to market participants' cautious stance as they awaited the US Federal Reserve's decision on interest rates.

At the closing bell, the BSE Sensex ended 34 points lower at 69,584 levels.

Meanwhile, the NSE Nifty closed marginally higher by 20 points (up 0.1%).

Vedanta, NTPC and Hero MotoCorp were among the top gainers on Wednesday.

TCS, Axis Bank and Infosys, on the other hand, were among the top losers on Wednesday.

Border indices ended in green with the BSE MidCap index up by 1.6% while the BSE SmallCap index rose by 0.7%.

Sectoral indices ended on a mixed note with stocks in the auto sector, power sector and realty sector witnessing most of the buying.

Meanwhile, the IT sector and media sector witnessed the most selling.

Shares of Ultratech Cement, NTPC and Power Grid hit their respective 52-week highs on Wednesday.

The rupee is trading at 83.38 against the US$.

Gold prices for the latest contract on MCX were trading flat at Rs 61,182 per 10 grams at the time of Indian markets closing on Wednesday.

At 7:40 AM today, the Gift Nifty was trading up by 188 points or 0.9% at 21,213 levels.

Indian share markets are headed for positive opening today following the trend on Gift Nifty.

Speaking of stock markets, check out the video below where we talk about Indian companies supplying EV components to Tesla.

Tesla's entry into Indian markets will provide multifold benefits. It will accelerate the adoption of EVs and boost the growth of Indian auto component manufacturers.

In the below video, we discuss six Indian companies that are already supplying their products to Tesla.

Top buzzing stocks today

Adani Total Gas will be in focus today.

Shares of Adani Total Gas saw a steep 10% fall yesterday after a whopping 90% rally in the past month. This performance was the result of profit booking.

In response to this sudden price movement, both the Bombay Stock Exchange and the National Stock Exchange have placed the stock under the short-term additional surveillance measure (ASM) framework.

This framework is often implemented to monitor and regulate trading in stocks with substantial price movements to ensure fair market practices and protect investors' interests.

HPL Electric & Power will also be in buzz

On 13 December 2023, HPL Electric & Power's shares surged by 10%, hitting the upper circuit limit.

This significant rally followed the announcement that the company had secured an order worth Rs 5.5 billion for smart metres, in support of India's national metering initiative.

In the exchange filing, the company's management emphasised that the order reflects HPL Electric & Power's dedication to bolstering its market share in the competitive smart metre arena.

Mahindra to Infuse Funds in Classic Legends

Mahindra & Mahindra (M&M) has announced plans, in collaboration with external investors, to inject Rs 8.8 billion (bn) into Classic Legends (CLPL).

CLPL is the owner of iconic brands such as Jawa, Yezdi, and BSA, operating in India's rapidly expanding premium motorcycle segment.

As per the regulatory filing, eternal investors and M&M will contribute Rs 3.5 bn and Rs 5.3 bn, respectively, over the next 2-3 years to strengthen the business.

Following this investment, Mahindra & Mahindra will retain a 60% stake in the paid-up equity share capital of Classic Legends.

In the fiscal year ending March 31, 2023, Classic Legends reported revenue from operations of Rs 7.1 bn. This investment signifies Mahindra & Mahindra's commitment to bolstering and advancing its presence in the premium motorcycle market.

On 13 December 2023, the share price of Mahindra & Mahindra rose 2% and it has offered 32% return in 2023 so far.

UltraTech Cement Plans to Use Green Energy by 2030

UltraTech Cement has announced plans to increase the share of green energy in its total energy mix.

The company aims to raise its current green energy portion from 22 percent to 60 percent by the fiscal year 2026, as an interim goal towards achieving an 85 percent green energy mix by 2030.

K C Jhanwar, Managing Director of UltraTech Cement, emphasised the company's commitment to leading sustainability efforts in the industry, with green energy being a key driver for decarbonization.

The company plans to meet its entire electricity requirement through renewable sources by 2050, as part of its RE100 commitment.

Currently, UltraTech operates with 691 MW of green energy capacity, including 262 MW from Waste Heat Recovery Systems (WHRS) and 429 MW from contracted renewable energy sources, meeting around 22% of its current energy needs.

The company's initiatives to enhance green energy involve transitioning to renewable sources, expanding WHRS, and a commitment not to invest further in thermal power capacity.

UltraTech Cement has also introduced CNG and LNG trucks and committed to deploying electric and alternative fuel vehicles by June 2025.

Currently, the company operates over 390 CNG trucks and 50 LNG trucks across 17 manufacturing units.

On December 13, UltraTech stock slightly touched the Rs 10,000 per share mark. In a week, the shares have offered over 4.5% returns and over 38% in 2023 so far.

Laurus Labs Share Price is Falling. Here's Why...

Laurus Labs' share price declined by 1.5% on 13 December 2023. This was after  the company's subsidiary, Laurus Synthesis Private Limited (LSPL), received five observations from the US Food and Drug Administration (USFDA).

The USFDA conducted an inspection of LSPL's manufacturing facility in Parawada, Anakapalli, near Visakhapatnam, Andhra Pradesh, from 4 December 2023 to 12 December 2023.

For more, check top 5 pharma companies in India by growth.

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

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers