Sensex Today Rallies 550 Points| Nifty Tops 22,250 | Power Stocks Shine

Thu, 28 Mar 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian markets traded lower, while the US stock indices ended higher overnight with the S&P 500 hitting a record closing high ahead of key economic data.

Japan's Nikkei 225 declined 0.9%, while the Topix plunged 1.1%.

US stock market indices ended higher on Wednesday, with the S&P 500 setting a closing record, ahead of the inflation data and US Federal Reserve commentary that would signal its interest rate path.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	151.94	0.24	0.16%	152.69	150.13	155.2	100.28
Apple	173.31	3.6	2.12%	173.6	170.11	199.62	155.98
Meta	493.86	-2.03	-0.41%	499.89	488.07	523.57	197.9
Tesla	179.83	2.16	1.22%	181.91	176	299.29	152.37
Netflix	613.53	-15.71	-2.50%	631.35	610.73	634.39	315.62
Amazon	179.83	1.53	0.86%	180	177.31	181.42	96.29
Microsoft	421.43	-0.22	-0.05%	424.45	419.01	430.82	272.05
Dow Jones	39760.08	477.75	1.22%	39769.41	39461.98	39889.05	32295.5
Nasdaq	18280.84	70.3	0.39%	18344.09	18168.21	18464.7	12517.87

Data Source: Equitymaster

At present, the BSE Sensex is trading 568 points higher and NSE Nifty is trading 168 points higher.

Bajaj Finance, Bajaj Finserv and Hero MotoCorp are among the top gainers today.

Bajaj Auto, HCL Tech and Apollo Hospital 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.

Broader markets are trading on positive note. The BSE Midcap index id trading 0.3% higher and the BSE Small Cap index is trading 0.9% higher.

Sectoral indices are trading positive, with socks in oil & gas sector, and power sector witnessing buying.

The rupee is trading at Rs 83.38 against the US dollar.

In commodity markets, gold prices are trading 0.3% higher at Rs 66,583 per 10 grams today.

Meanwhile, silver prices are trading 0.3% higher at Rs 74,854 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 1947 a group of researchers at Bell Labs, a subsidiary of AT&T, invented the transistor, a switch that controls electric current.

Within decade researchers were placing several transistors on a slab of silicon to make a chip.

A thriving industry grew up around California, outsourcing low-value tasks, such as chip assembly, to Asia, where labour was cheaper.

As the market grew, so did interest from America's rivals.

Japanese firms such as Toshiba and Fujitsu managed to take a share of some chip markets.

Decades later China's tech titans reduced the country's dependence on foreign chips.

Now it is India's turn.

Co-head of Research at Equitymaster, Tanushree Banerjee talks about how you could cash in, in her latest video.

Tune in to the below video:

Biocon Receives Diabetes Drug Approval

Biocon has received approval from the Medicines and Healthcare Products Regulatory Agency (MHRA) UK for its complex formulation Liraglutide, which was filed through its European partner, Zentiva. Liraglutide is a 6 mg/ml solution for injection in a prefilled pen.

Liraglutide is a drug-device combination formulation used in the treatment of type 2 Diabetes Mellitus, a disorder in which the body does not produce enough or respond normally to insulin, causing blood sugar levels to be abnormally high.

As per the IQVIA data for Q4 2023, the total addressable market opportunity for GLP-1 in diabetes and weight loss in the UK was US$ 425 million.

Earlier this month, Biocon's subsidiary Biocon Biologics signed a long-term commercial collaboration with Eris Lifesciences to expand patient access to its portfolio of metabolic, oncology and critical care products in India.

The total transaction value was Rs 12.4 bn, which represents an accretive multiple of 3.4 times of revenue and 18 times of EBITDA.

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

Dr Reddy's Partner Sanofi

Dr Reddy's Laboratories has entered into an exclusive distribution partnership with Sanofi Healthcare India to promote and distribute their vaccine brands across private markets in the country.

The pact is aimed at expanding the availability of Sanofi's vaccine brands, both paediatric and adult, within private markets in India.

It comes a day after Sanofi India announced a separate partnership with Cipla to boost access to Sanofi's Central Nervous System (CNS) medications across India.

Under the terms of the agreement, DRL will have exclusive rights to promote and distribute Sanofi's vaccine brands, including Hexaxim, Pentaxim, Tetraxim, Menactra, FluQuadri, Adacel, and Avaxim 80U.

These brands have collectively generated approximately Rs 426 crore in sales as of IQVIA MAT February 2024. Sanofi will continue to retain ownership, manufacture, and import these brands into the country.

The portfolio of vaccine brands includes Hexaxim and Pentaxim, which are indicated for primary and booster vaccination of infants and toddlers against diseases such as Diphtheria, Tetanus, Pertussis, Hepatitis B, Poliomyelitis, and bacterial diseases caused by Haemophilus influenzae.

NHPC Approves Fund Raising

State-owned NHPC on Wednesday said its board has approved a proposal to raise Rs 61 billion (bn) in debt in 2024-25.

The Board of Directors of NHPC in its meeting held on Wednesday considered and approved the proposal for raising debt to Rs 61 bn during 2024-25 through non-convertible Corporate Bonds in one or more tranches on a private placement basis, term loans or external commercial borrowing in tranches.

Further, the Board of Directors in the meeting has also given its in-principle approval for the closure of Loktak Downstream Hydroelectric Corporation.

NHPC is India's leading hydroelectric generation firm. The company supplies substantial power to utilities across eastern, northern and north-eastern regions through long-term Power Purchase Agreements (PPAs). It boasts a total capacity of 7,000 MW, filling the gap during peak demand periods when solar power falls short.

NHPC stands among the Top 5 Penny Stocks to Watch Out for in India's Booming Power Sector.

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