Sensex Today Trades Lower | Nifty Midcap Hits Records High | GAIL Jumps 4%

Mon, 1 Jan 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian stocks market will remain closed today on New Year's Day.

US stocks closed marginally lower on the last trading day of 2023, capping a robust year-end rally as investors eyed easier monetary policy in the year ahead.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	140.93	-0.35	-0.25%	141.44	139.9	143.95	85.57
Apple	192.53	-1.05	-0.54%	194.4	191.73	199.62	124.17
Meta	353.96	-4.36	-1.22%	360	351.82	361.9	117.74
Tesla	248.48	-4.7	-1.86%	255.19	247.43	299.29	101.81
Netflix	486.88	-3.63	-0.74%	492.23	481.94	500.89	283.22
Amazon	151.94	-1.44	-0.94%	153.89	151.03	155.63	81.43
Microsoft	376.04	0.76	0.20%	377.16	373.48	384.3	219.35
Dow Jones	37689.54	-20.56	-0.05%	37759.43	37538.8	37778.85	31429.82
Nasdaq	16825.93	-72.54	-0.43%	16919.51	16757.88	16969.17	10696.42

Source: Equitymaster

At present, the BSE Sensex is trading 107 points lower and NSE Nifty is trading 19 points lower.

Coal India and UPL are among the top gainers today.

M&M and HUL on the other hand are among the top losers today.

Broader markets are trading higher. The BSE Mid Cap and the BSE Small Cap index is trading higher by 0.5%.

Sectoral indices are trading mixed, with socks in telecom sector and energy sector witnessing most buying. Meanwhile, stocks in banking and finance sector witness selling pressure

The rupee is trading at Rs 83.17 against the US dollar.

In commodity markets, gold prices are trading 0.2% higher at Rs 63,362 per 10 grams today.

Meanwhile, silver prices are trading 0.2% lower at Rs 74,321 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, with the rise of electric vehicles and renewable energy, the world may be on the verge of a revolution in transportation and energy technology.

This could transform the oil market the way the coal market was transformed a century ago.

Like coal then, oil could see its share in energy demand plummet in the coming decades.

In the below video, Research Analyst Tanushree Banerjee talks about green energy stock to profit from the end of the oil age.

Karur Vyas & ICICI AMC Team Up

Reserve Bank of India (RBI) has greenlighted ICICI Prudential Asset Management Company's (ICICI AMC) acquisition of up to 9.95% stake in Karur Vysya Bank. This strategic partnership presents exciting opportunities for both parties.

For ICICI AMC, the deal marks a significant foray into the banking sector, bolstering its portfolio and potentially unlocking new avenues for growth. This significant investment in Karur Vysya Bank, a well-established player in South India, strengthens ICICI AMC's regional presence and diversifies its exposure.

Karur Vysya Bank, on the other hand, stands to gain from ICICI AMC's vast expertise in financial management and access to a wider investor pool. This collaboration could translate into stronger capital adequacy, improved operational efficiency, and a potential boost in market confidence.

While the acquisition itself holds promise, certain conditions govern the deal. ICICI AMC must complete the purchase within one year and maintain its holding below the 9.95% threshold. Additionally, any future increase beyond 5% will require further RBI approval.

For more, check out Ace Investor Mukul Agrawal Adds Stake in Rakesh Jhunjhunwala Held Private Bank Stock.

Zomato Receives GST Notice

Zomato, the popular food delivery platform, has encountered a financial challenge as it received a show cause notice from the goods and services tax (GST) authorities for an unpaid amount of Rs 4 billion (bn).

This notice pertains to the period from 29 October 2019 to 31 March 2022. The central issue revolves around the government's demand for GST on delivery charges collected by Zomato from its customers.

The Directorate General of GST Intelligence (DGGI) issued pre-demand notices in November to leading food delivery platforms Zomato and Swiggy, seeking a total of Rs 7.5 bn in Goods and Services Tax (GST) payments. Zomato has firmly apposed its liability to fulfil these tax obligations, asserting that it functions merely as a fee collector on behalf of its delivery partners.

The crux of the disagreement lies in the government's expectation that food delivery platforms should remit GST on the delivery fees collected from customers.

Zomato and its industry counterparts maintain that these charges are collected exclusively on behalf of their delivery partners, who are the actual service providers responsible for order deliveries.

Value Stocks: Stocks with Limited Downside but Good Upside Potential

Vedanta Makes Interest Payment

Mining conglomerate Vedanta made the interest payment for secured redeemable non-convertible debentures (NCD) due on 27 December as the company navigates through debt repayment concerns.

The NCDs had a face value of Rs 100,000, aggregating up to Rs 25 bn.

The Anil Agarwal-owned company, which is reeling under a debt mountain, managed to reduce its net debt by Rs 14.2 bn sequentially to Rs 577.7 bn as of the end of the September quarter.

The company said on 19 December that its Committee of Directors has approved raising Rs 34 bn via private placement basis, ahead of its bond repayment due in January.

Meanwhile, according to media reports, the Vedanta board approved the donation of Rs 2 bn to political parties in November.

For more, check out This High Dividend Yield Stock is Down 25% in 2023. Should You Buy the Dip or Stay Away?

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