Sensex Today Rallies 350 Points | Adani Group Stocks Surge, Adani Enterprises Zooms 10% | Axis Bank, TCS Among Top Gainers

Wed, 1 Mar 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian share markets fell today but reversed losses. The fall came after US equities closed lower, rounding out a turbulent month that saw global stocks drop about 3%.

The Nikkei is up 0.2% while the Hang Seng is trading up by 3.4%. The Shanghai Composite is trading higher by 0.9%.

US stocks closed out February in subdued fashion and each of the three major indexes ended with monthly declines, as investors continue to assess whether interest rates will remain high for an extended period of time.

The Dow Jones Industrial Average ended 0.7% lower while the tech heavy Nasdaq Composite slipped 0.1%.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	90.3	0.2	0.22%	91.45	89.52	144.16	83.45
Apple	147.41	-0.51	-0.34%	149.08	146.83	179.61	124.17
Meta	174.94	5.4	3.19%	177.55	171.87	236.86	88.09
Tesla	205.71	-1.92	-0.92%	211.23	203.75	384.29	101.81
Netflix	322.13	-0.9	-0.28%	327.62	321.17	396.5	162.71
Amazon	94.23	0.47	0.50%	94.69	92.92	170.83	81.43
Microsoft	249.42	-0.74	-0.30%	251.49	248.73	315.95	213.43
Dow Jones	32,656.70	-232.39	-0.71%	32,873.47	32,636.43	35,492.22	28,660.94
Nasdaq	12,042.12	-15.67	-0.13%	12,146.52	12,021.32	15,265.42	10,440.64

Source: Equitymaster

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

At present, the BSE Sensex is trading higher by 318 points. Meanwhile, the NSE Nifty is trading up by 106 points.

M&M, and Axis Bank are among the top gainers today.

Power Grids and Asian Paints are among the top losers today.

Broader markets are trading on a positive note. The BSE Mid Cap index is trading higher by 0.9% and the BSE Small Cap index are trading higher by 1%.

Sectoral indices are trading on a positive note with stocks in the metal sector, auto sector and banking sector witnessing heavy buying.

Shares of Jindal Stainless and Triveni Turbines hit their 52 week high today.

The rupee is trading at Rs 82.53 against the US dollar.

In the commodity markets, gold prices are trading down by Rs 17 at Rs 55,739 per 10 grams.

Meanwhile, silver prices are trading higher by 0.5% at Rs 64,070 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 the current stock market scenario, amid the ongoing volatility, have a look at the two charts below, in the order they have been placed:

Near Term Volatility in Sensex Compensated by Long Term Gains

The year-on-year change in the Sensex was hardly predictable but someone who stayed invested multiplied every lakh nearly 14 times.

Timing the markets could be suicidal as valuations and volatility put the markets in a see-saw mode.

As an individual investor, you need to sit tight over high conviction stocks and invest consistently to see the magic of compounding.

Hence, 2023 may put your patience to test but sticking to it might give profitable results in the long term.

In the latest episode of investor hour podcast, Rahul Goel, CEO at Equitymaster talks with Mahesh Patil.

Mahesh Patil is a veteran fund manager who believes in delivering a consistent performance.

And to achieve that he has developed a framework for selecting stocks, which he shares in this episode.

Mahesh also shares how he assesses quality of management...and how to detect fraud in a company.

Tune in to the video to know more:

Adani secures debt facility

The Adani group has received firm commitment for US$ 800 million (m) (about 65,950.4 m) debt facility, which will be used to refinance the Adani Green Energy's US$ 750 m (about Rs 61,828.5 m) 4.375% bond due in September 2024 and can finalise the term sheet in next five days, the management informed investors.

This week, Adani Group's chief financial officer Jugeshinder Singh and head of group corporate finance Anupam Misra are meeting fixed income investors in Singapore and Hong Kong to update them about fundraise plans across businesses.

Adani group has a standing credit facility from a group of banks, which can be used for infrastructure projects, and they can firm up the term sheet in the next five days.

SoftBank to sell Delhivery shares

Japanese conglomerate Softbank will offload shares worth Rs 6,000 m in Delhivery through block deals today, according to reports.

Softbank may also consider to up-size the option, if the deal sees a strong demand, according to reports. The block deal to offload of Delhivery shares could start on 1 March 2023.

The shares are likely to be offered at a 3-5% discount to the current market price. Citigroup will be the broker for the deal.

Softbank, which is the single largest public stakeholder in the logistics company, held 18.4% stake as of December 2033, through its subsidiary Svf Doorbell (Cayman).

The report of Softbank selling its stake comes at a time when last week, America's investment management firm Tiger Global Management sold 1.7% stake in Delhivery through the open market for Rs 4,140 m.

As of December-end, Tiger Global through its venture capital firm held 4.7% stake in the company.

Tata Power approves allotment of convertible debentures

Tata Power on Tuesday said the board of its arm Tata Power Renewable Energy (TPREL) has approved the allotment of 200 m preference shares worth Rs 20 bn to GreenForest New Energies Bidco.

Compulsorily convertible preference shares with a face value of Rs 100 each, will be allotted to GreenForest on a preferential basis, the company said in an exchange filing.

With this, both the tranches of investment of Rs 20 bn each in the TPREL made by GreenForest are completed in accordance with the terms of the agreements, it stated.

Bharat Electronics signs new agreement

Bharat Electronics (BEL) signed a frame supply agreement with Thales Reliance Defence Systems (TRDS), Nagpur, for the manufacture and supply of TR modules, radar line replaceable units (LRUs) and micro modules.

The frame supply agreement aims at leveraging the complementary strengths and capabilities of BEL and TRDS.

As part of the offset commitment under the Rafael-India Contract and in line with the Make in India policy, BEL and TRDS have entered into an agreement for the manufacture and supply of TR modules and micro modules of radar used in Rafael fighter aircraft.

In continuation to the agreement signed between BEL and TRDS, BEL has received an order to manufacture and supply micro modules.

BEL, TRDS and Thales are active stakeholders in the 'Make in India' policy of the Government of India.

Did you know that BEL is one of the top 5 defence companies in India by growth?

To know what's moving the Indian stock markets, 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