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Sensex Today Trades Lower | NHPC Down 4%, SJVN 3% | Asian Paints & BPCL Top Losers
Thu, 22 Feb 10:30 am

Sensex Today Trades Lower | NHPC Down 4%, SJVN 3% | Asian Paints & BPCL Top Losers

Markets in Asia-Pacific inched higher this morning, with Japan's Nikkei 225 index at record highs of 38,924.8.

US equities ended mixed after hawkish FOMC minutes reading but futures rose overnight on Nvidia's blockbuster earnings.

Here's a table showing how US stocks performed on Wednesday:

Stock/IndexLTPChange ($)Change (%)Day HighDay Low52-Week High52-Week Low
Alphabet143.841.641.15%143.98141.91155.288.86
Apple182.320.760.42%182.89180.66199.62143.9
Meta468.03-3.22-0.68%469461.79488.62167.66
Tesla194.771.010.52%199.44191.95299.29152.37
Netflix573.35-1.78-0.31%575.78567.32597285.33
Amazon168.591.510.90%170.23167.14175.3988.12
Microsoft402.18-0.61-0.15%402.29397.22420.82245.61
Dow Jones38612.2448.440.13%38618.0338338.5838927.0831429.82
Nasdaq17478.91-67.19-0.38%17482.1317319.4418041.4511695.41
Data Source: Equitymaster

At present, the BSE Sensex is trading 50 points lower and NSE Nifty is trading 17 points lower.

Axis Bank, Grasim and HCL Tech are among the top gainers today.

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BPCL, Asian Paints and Bharti Airtel on the other hand are among the top losers today.

Broader markets are trading on negative note. The BSE Mid and the BSE Small Cap index is trading 0.3% lower.

Sectoral indices are trading mixed, with socks in realty sector and metal sector witnessing buying. Meanwhile stocks in telecom sector and oil & gas sector witnessed selling pressure.

The rupee is trading at Rs 82.93 against the US dollar.

In commodity markets, gold prices are trading flat at Rs 62,108 per 10 grams today.

Meanwhile, silver prices are trading marginally higher at Rs 70,669 per 1 kg.

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...

Speaking of stock markets, in the latest video, Hidden Treasure, Richa Agarwal shares her views on the road ahead for smallcaps, a prudent strategy to navigate it and alerts on six smallcaps that have witnessed insider buying interest.

These are the smallcaps with decent financial performance and where the current price is almost at par or at a discount from the average price at which insiders have purchased.

Tune in to below video for details.

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Hero MotoCorp Losing Market Share

Hero MotoCorp, India's largest two-wheeler maker, has seen a decline in its market share in rural areas since 2018, losing ground to major competitors such as TVS Motor Company, Bajaj Auto, and Honda Motorcycle & Scooter India (HMSI).

Hero's share of rural two-wheeler sales in India has dropped from 40.4% in 2018 to 33.3% in 2023.

In contrast, Bajaj's share increased from 12.7% in 2018 to 13.9%, HMSI's from 21.8% to 22.2%, and TVS' from 15.5% to 17.8%.

However, as per Statista, Hero MotoCorp has the highest market share of 32.2% in the two-wheeler segment.

If we look at the performance of both stocks over the last one year, then both the stocks have outperformed the Nifty 50.

Moreover, TVS Motors outperformed Hero MotoCorp. In the last year, Hero MotoCorp delivered returns of 54.8%, while TVS Motors returned 85.8%.

chart

To know more, check out Hero MotoCorp vs TVS Motors: Which Two-Wheeler Stock is Better in 2024?

LTIMiindtree Inks MoU With Eurolife FFH

LTI Mindtree has signed a Memorandum of Understanding (MoU) with Eurolife FFH, a leading insurance company in Athens, to establish a first-of-its-kind Gen Al and Digital Hub in Athens and dedicated facilities in Poland, Europe and Mumbai.

As a part of this association, Eurolife FFH will set up Generative Al and Digital Hub in Athens to develop innovative solutions for insurance businesses in Greece, and LTIMindtree will provide deep domain expertise and support from its dedicated facilities in Poland and Mumbai.

Professionals from both companies will jointly undergo specialized training in Generative Al and Digital Transformation to develop cutting-edge products and services that will enhance customer experience and operational efficiency for businesses across insurance, banking, shipping, and manufacturing industries.

LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies.

LTIMindtree, a Larsen & Toubro Group company, combines the industry-acclaimed strengths of erstwhile Larsen and Toubro Infotech and Mindtree in solving the most complex business challenges and delivering transformation at scale.

NBCC to Develop Amrapali Projects

State-owned NBCC on Wednesday said it got approval from Noida Authority to develop five Amrapali projects worth Rs 100 bn.

The five projects are Centurian Park, GH-05, Sector Tech Zone-IV, Greater Noida, Golf Homes, GH-02, Sector-4, Greater Noida, Leisure Park, GH-01, Tech Zone-IV, Greater Noida, Leisure Valley, GH-02, Tech Zone-IV, Greater Noida, and Dream Valley, GH-09, Tech Zone-IV, Greater Noida.

In December 2023, NBCC announced sales of 5,000 units for Rs 29 bn across several residential projects of the erstwhile Amrapali Group.

Discover Now: The Key to Stress-free Investing

As per the direction of the Supreme Court, the Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE) was formed to complete the stuck projects of Amrapali through NBCC.

According to NBCC, there were 46,575 apartments across 25 housing projects and out of that 8,416 units were already occupied by home buyers before the Supreme Court judgment in July 2019.

As a project management consultant (PMC), NBCC got the mandate of completing the remaining 38,159 units and also the pending common facilities in those projects where 8,416 units were already delivered with an estimated cost of Rs 82.7 bn.

For more, check out Why NBCC Share Price is Rising.

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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