Sensex Today Trades Higher | Auto Stocks Rally | IndusInd Bank, Tata Steel & Tata Motors Top Gainers

Mon, 26 Dec 10:30 am

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Asian share markets opened higher today as Japan and mainland China took centre stage for traders, with most other Asia-Pacific markets closed for holidays.

The Nikkei rose by 0.6% while the Hang Seng was down by 0.4%. The Shanghai Composite is trading higher by 0.7%.

In US markets, the S&P 500 closed higher on Friday, in a light trading day ahead of a long weekend, as investors assessed inflation data against rate hike and recession fears while energy shares jumped on higher oil prices.

The Dow Jones ended higher by 0.5% while the tech heavy Nasdaq Composite ended higher by 0.2%

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	89.81	1.55	1.76%	90.1	87.62	152.1	83.45
Apple	131.86	-0.37	-0.28%	132.42	129.64	182.94	129.04
Meta	118.04	0.92	0.79%	118.18	115.54	352.71	88.09
Tesla	123.15	-2.2	-1.76%	128.62	121.02	402.67	121.02
Netflix	294.96	-2.79	-0.94%	298.46	291.91	620.61	162.71
Amazon	85.25	1.46	1.74%	85.78	82.93	172.94	82.25
Microsoft	238.73	0.54	0.23%	238.87	233.94	344.3	213.43
Dow Jones	33,203.93	176.44	0.53%	33,226.14	32,814.02	36,952.65	28,660.94
Nasdaq	10,985.45	29.3	0.27%	11,007.09	10,830.90	16,764.86	10,440.64

Source: Equitymaster

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

Benchmark indices extended gains today tracking firm global cues.

At present, the BSE Sensex is trading higher by 397 points. Meanwhile, the NSE Nifty is trading higher by 114 points.

SBI, IndusInd Bank and Tata Steel are among the top gainers today. Dr Reddy's Labs, Sun Pharma, and Nestle are among the top losers today.

Broader markets are trading on a negative note. The BSE Mid Cap index is trading higher by 1.4% and the BSE Small Cap index is trading higher by 2.2%.

Sectoral indices are trading on a positive note with the exception of healthcare sector. Stocks in the power sector, auto sector, and metal sector witness buying.

The rupee is trading at 82.8 against the US dollar.

In the commodity markets, gold prices trade higher by Rs 141 at Rs 54,715 per 10 grams.

Meanwhile, silver prices are trading lower by 0.1 % at Rs 69,100 per 1 kg.

Speaking of stock markets, Tanushree Banerjee talks about a sector that could be one of the fastest-growing sectors of the stock market by 2030... and possibly even beyond.

Oxygen Stocks in limelight

In April 2021, shares of Oxygen suppliers were in focus amid increasing demand for oxygen following a surge in Covid-19 cases.

Later in January 2022, the Omicron variant brought oxygen stocks back to the limelight.

This time around, oxygen stocks are in focus amid the sharp rise in covid cases in China.

Mind you, the recent surge of infections in China has prompted warnings that the country could witness over 5,000 deaths per day.

Owing to the recent developments, pharma stocks have started to rally and so have oxygen stocks.

Take a look at the chart below to see how National Oxygen has performed in the past couple of days.

To know more about oxygen stocks in India, read our editorial on: top 4 oxygen stocks to add to your watchlist.

Tata Motors bags another contract

Tata Motors announced that Delhi Transport Corporation (DTC) has signed a definitive agreement with its fully owned subsidiary, TML CV Mobility Solutions for operation of 1,500 electric buses in the city of New Delhi.

As part of the agreement, TML CV Mobility Solutions will supply, operate and maintain 1,500 units of 12-metre low-floor air-conditioned electric buses for a period 12 years.

Tata Starbus EV is an indigenously developed vehicle with superior design and best-in-class features for sustainable and comfortable commute.

Speaking of Tata Group, Tata Technologies has become the first company to make a private filing for the IPO of Tata Technologies.

Tata Technologies will be the first IPO of the group after TCS. It is a long gap of 18 years. So, will Tata Technologies live up to all the hype? Will it be the next Tata group multi-bagger? Or are investors getting carried away based on the success of the group's last big IPO.

To get a close look on the company, read our editorial on: Tata Technologies: the next TCS?

NDTV Promoters to sell their stake

New Delhi Television (NDTV) founders Prannoy Roy and his wife Radhika Roy on Friday said that they have decided to transfer most of their shares in the company to billionaire Gautam Adani.

Adani Group will own 65% stake in the company post the transfer.

This follows the Adani Group becoming the single largest shareholder in NDTV after first buying out a firm backed by the founders and then acquiring more shares from the open market.

Adani, the richest Asian and the founder chairman of Adani group, held over 37% in NDTV after an open offer and an earlier acquisition of a company owned by the founders.

Radhika and Prannoy Roy will retain a combined 5% stake in NDTV post the transfer.

Last month, NDTV announced the resignation of Roys from the RRPR board but they continued on the NDTV board.

Wipro buys stake in US based firm

IT company Wipro on Friday said it has bought a minority stake of less than 20% on a fully diluted basis in US-based Kibsi for US $1.5 million (about Rs 124.2 million).

In an exchange filing, Wipro said this is a minority strategic investment, and the company wanted a business partnership in the domain of computer vision applications. The transaction was completed on 23 December 2022.

Kibsi Inc was incorporated in July 2021 in Delaware, US. It is a developer of an end-to-end fully integrated environment designed for building computer vision applications. The company's cloud-native, low-code platform democratises computer vision, enabling customers to focus on their business needs instead of complexity.

Recently, Wipro Gallagher Solutions, a wholly-owned subsidiary of Wipro, has sold its shareholding in Wipro Opus Risk Solutions.

With this transaction, Wipro Gallagher has divested only the non-core mortgage due diligence business, while retaining the core mortgage business with itself through other subsidiaries.

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

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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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