Helping You Build Wealth With Honest Research
Since 1996. Try Now


Invalid Username / Password
Invalid Captcha
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Sensex Today Trades Flat | Mazagon Dock Rallies 6% | Bharti Airtel & Tata Motors Top Gainers
Wed, 28 Feb 10:30 am

Sensex Today Trades Flat | Mazagon Dock Rallies 6% | Bharti Airtel & Tata Motors Top Gainers

Asian stocks kept to a tight range on Wednesday amid persistent caution over higher-for-longer US interest rates, with Japanese indexes pulling back from record highs as a tech-driven rally cooled.

Japan's equity benchmark was unchanged at the open with stocks supported by the banking sector amid expectations the Bank of Japan may tweak policy in coming months.

US stock indices fell on Tuesday as investors awaited a crucial inflation and other economic data due this week.

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

Stock/IndexLTPChange ($)Change (%)Day HighDay Low52-Week High52-Week Low
Dow Jones38972.41-96.82-0.25%39087.938881.939282.2831429.82
Source: Equitymaster

At present, the BSE Sensex is trading 45 points higher and NSE Nifty is trading 12 points higher.

Bharti Airtel, HDFC Life Insurance and Tata Motors are among the top gainers today.

Asian Paints, M&M and Wipro on the other hand are among the top losers today.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

--- Advertisement ---
Investment in securities market are subject to market risks. Read all the related documents carefully before investing

Did you miss this the last time?

Back in 2003, a powerful Economic Force was in action that led to the small cap index growing by nearly 1600% in 5 years.

After disappearing for more than 10 years, this Economic Force has finally returned!

Discover how to take advantage of it by clicking below

I'm interested
Details of our SEBI Research Analyst registration are mentioned on our website -

Broader markets are trading on positive note. The BSE Midcap index is trading flat and the BSE Small Cap index is trading 0.2% higher.

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

The rupee is trading at Rs 82.91 against the US dollar.

In commodity markets, gold prices are trading 0.2% higher at Rs 62,201 per 10 grams today.

Meanwhile, silver prices are trading flat at Rs 70,902 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.

L&T Ventures into Semiconductor Chip Design

Larsen & Toubro (L&T) is building a team for its semiconductor chip design business, as it looks to foray into fabless semiconductor chip design and product ownership.

L&T set up a wholly-owned subsidiary, L&T Semiconductor Technologies (LTST), in November 2023.

L&T Defence Business said LTST is building a 400-500-strong global team, purely focused on chip design and scouting for talent from the US, Europe, Japan, ASEAN and India.

While the chip manufacturing will be outsourced, the design will be done in-house.

The chip design would look at the automotive and industrial chip segments.

--- Advertisement ---
Investment in securities market are subject to market risks. Read all the related documents carefully before investing

Worried About Stock Market Volatility During Election Season?

Grab our Safe Stock Research at 60% Off

Full details here
Details of our SEBI Research Analyst registration are mentioned on our website -

The challenge for chip designers working on chips specifically designed for India, especially the defence sector, is to design chips for equipment that can operate in the 55-degree to minus 40-degree range.

This combination isn't available anywhere in the world. The business is being incubated and will start showing up in the market in another three years.

The defence expo showcased defence equipment from L&T, DRDO, Tata Advanced Systems, Solar Industries, Bharat Forge and Nibe and included small arms weapon systems to diverse military vehicles and advanced air-defence and missile systems.

It stands among the five large-caps that have delivered the highest returns to investors in 2023.


For more, check out the Top 5 Biggest Gainers of 2023. Will Their Dream Run Continue?

L&T has been an investor's favourite stock for a long time and also a stock that makes it to the top 5 infrastructure stocks.

In line with its commitment to a sustainable future, L&T is poised to make significant strides in the green hydrogen landscape. For more details, check out L&T's next big leap in the green hydrogen space.

Piramal Pharma Receives USFDA Observations

Piramal Pharma said that the US Food and Drug Administration (USFDA) conducted a pre-approval inspection (PAI) at its Lexington facility, USA.

The inspection was conducted from 20 February to 23 February 2024 at Lexington facility, USA. At the end of the inspection, USFDA issued Form-483 with two observations.

Make: Your Investing Stress-free with Value for Money Stocks

The pharma major said that an observation does not pose any risk to the sites compliance standards or its business continuity. The company is preparing a detailed response to said observations, which will be submitted to the USFDA within stipulated timelines.

Piramal Pharma is a pharmaceutical company that manufactures and develops a wide range of pharmaceutical solutions to reduce diseases. Piramal Pharma serves customers worldwide.

Zee Forms Panel to Investigate Allegations

Zee Entertainment Enterprises, on 27 February 2024, constituted a panel to examine the allegations levelled against the company, its promoters and key managerial personnel by regulatory bodies.

The panel, named 'Independent Investigation Committee', would be headed by Justice (retired) Satish Chandra.

The panel, whose members include Zee's independent directors, Uttam Prakash Agarwal and PVR Murthy, will present a detailed report to the company's board advising it on the future course of action.

Based on the recommendations of the audit committee and after seeking inputs from Justice Chandra, an independent assessment and fact-checking of all allegations will be ensured. The board will also suggest the measures to be implemented in the interest of the company, once the detailed report is presented by the committee.

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

Equitymaster requests your view! Post a comment on "Sensex Today Trades Flat | Mazagon Dock Rallies 6% | Bharti Airtel & Tata Motors Top Gainers". Click here!