Sensex Today Ends 372 Points Higher | Nifty Above 21,750 | NTPC & Coal India Top Gainers

Thu, 28 Dec Closing

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After opening the day higher, Indian share markets gained momentum as the session progressed and ended the day higher.

Indian benchmark indices Sensex and Nifty hit fresh all-time highs on Thursday ahead of the monthly F&O expiry amid firm cues from the global markets.

Nifty50 topped the 21,700 mark for the first time while Sensex was around the 72,300 mark. Barring media & realty, buying action was visible in most sectoral indices.

At the closing bell, the BSE Sensex stood up by 372 points (up 0.5%).

Meanwhile, the NSE Nifty closed higher by 123 points (up 0.6%).

Coal India, Hero MotoCorp and NTPC were among the top gainers today.

Adani Enterprises, Adani Ports and Eicher Motors on the other hand, were among the top losers today.

The GIFT Nifty was trading at 21,96, up by 296 points, at the time of writing.

Broader markets ended on positive note. The BSE MidCap index ended 0.6% higher and BSE SmallCap index ended higher by 0.2%.

Sectoral indices ended mixed with stocks in the FMCG sector, metal sector and oil & gas sector witnessing most of the buying. Meanwhile stocks in auto sector, IT sector and industrial sector witness selling.

Shares of MRF, Nestle and Bajaj Auto hit their respective 52-week highs today.

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...

Asian share markets ended mixed. The Shanghai Composite ended 1.4% higher, while the Nikkei index ended 0.4% lower. Meanwhile Hang Seng ended 2.5% lower.

The rupee is trading at 83.17 against the US$.

Gold prices for the latest contract on MCX are trading 0.2% lower at Rs 63,520 per 10 grams.

Meanwhile, silver prices are trading 0.2% lower at Rs 75,463 per 1 kg.

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Why HUDCO Share Price is Rising

In news from the finance sector, shares of Housing & Urban Development Corporation (Hudco) surged 18% to hit a fresh record high on 28 December on signing a Memorandum of Understanding (MoU) with the State Government of Gujarat.

The MoU for an investment of up to Rs 145 bn for financing the housing and urban infrastructure projects in the western state.

HUDCO expressed its interest in executing this MoU under the financial services sector in the form of financial assistance, as per its objectives and guidelines to the State Government of Gujarat for eligible sector projects through term loans for Infrastructure projects.

The State Government of Gujarat intends for the overall development of the state by implementing various housing and infrastructure projects.

Being a techno-financial institution, HUDCO is in the business of providing financial assistance for housing and urban development projects in the country.

The PSU caters to the various requirements of all sectors.

So far in 2023, stocks are up over 110%.

For more, you can check out Why HUDCO Share Price is Rising.

Man Industries Shares Rally 7%. Here's why.

Moving on to news from the aluminium sector, the share price of Man Industries (India) zoomed 7% intraday on 28 December after the company announced successful testing of its pipes for safe hydrogen transport.

The testing has been conducted by a leading European research centre for hydrogen transport, ensuring structural integrity and safety for the fuel.

This certification safeguards against challenges related to hydrogen's small molecule size permeating materials more easily than other gases.

This accomplishment marks a critical milestone in addressing a major hurdle in the shift to a hydrogen-based ecosystem i.e. efficiently delivering hydrogen gas to the point of use.

The company, which was founded in 1988, is a manufacturer of large-diameter carbon steel pipes used in industries such as oil and gas, petrochemicals, water, dredging, and fertilizers.

Aluminium is an essential metal used in various industries. For best aluminium stocks to buy check out top aluminium companies in India.

Azad Engineering Lists at 37% Premium

Moving on, Azad Engineering made a strong stock market debut on Thursday, with its shares listed at Rs 720, a 37% premium over its issue price of Rs 524 per share on the National Stock Exchange (NSE).

On the BSE, the stock of heavy electric equipment company opened at Rs 710.

The initial public offering (IPO) of Azad Engineering received a robust response with the issue being subscribed 80.6 times. The institutional investor portion was subscribed 179.6 times, the high net worth individual portion was booked 87.6 times, the retail investor portion was bought 23.8 times, and the portion reserved for employees stood at 14.7 times.

Azad Engineering manufactures products for original equipment manufacturers (OEMs) in the energy, aerospace, defence and oil and gas industries.

Azad Engineering is strengthening its core capabilities across the focus industries and leveraging industry-leading capabilities by continuing to diversify the customer base and increase penetration and wallet share with existing customers by entering into new component lines.

For more information on IPOs, check out the list of upcoming IPO's.

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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