Sensex Ends 424 Points Higher; Sun Pharma and UPL Among Top Nifty Gainers

Wed, 5 May Closing

   Previous Close   

   Pre-Open   

   09:30 am   

   12:30 pm   

Indian share markets witnessed positive trading activity throughout the day today and ended higher.

Benchmark indices edged higher in today' session, lifted by pharma and banking stocks after RBI Governor Shaktikanta Das unveiled a series of liquidity measures to help banks, support the healthcare, infrastructure and small borrowers impacted by Covid second wave.

At the closing bell, the BSE Sensex stood higher by 424 points (up 0.9%).

Meanwhile, the NSE Nifty closed higher by 121 points (up 0.8%).

Sun Pharma and UPL were among the top gainers today.

Adani Ports and Bajaj Finance, on the other hand, were among the top losers today.

The SGX Nifty was trading at 14,682, up by 150 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended up by 1% and 0.8%, respectively.

Sectoral indices ended on a positive note with stocks in the healthcare sector, banking sector and metal sector witnessing most of the buying interest.

Realty stocks, on the other hand, witnessed selling pressure.

Shares of Lupin and G.E. Shipping hit their respective 52-week highs today.

Hindustan Aeronautics and Adani Ports were among the top buzzing stocks today.

Asian stock markets ended on a negative note today. The Hang Seng ended down by 0.5%. Financial markets in Japan, China and South Korea were closed today for a holiday.

US stock futures are trading on a positive note today with the Dow Jones Futures trading up by 93 points.

The rupee is trading at 73.90 against the US$.

Gold prices for the latest contract on MCX are trading on a flat note at Rs 46,903 per 10 grams.

Speaking of gold, in his latest video for Fast Profits Daily, Brijesh Bhatia talks about gold and silver. He talks about which asset would be the better choice from a short-term trader's point of view.

At Equitymaster, we have been bullish on gold and silver as investments for a long time now. But what about trading?

Brijesh answers this question by analyzing both assets separately and together, in three charts.

Tune in here to find out more:

Key Highlights from RBI Governor's Speech

In a bid to boost India's health infrastructure, the Reserve Bank of India announced an on-tap liquidity window of Rs 500 billion with the tenor of up to three years at repo rate.

Under the scheme banks can support entities including vaccine manufacturers, medical facilities, hospitals and also patients.

Borrowers, including individuals and ministry of micro, small & medium enterprises (MSMEs), permitted one-time restructuring till 30 September 2021. This facility will be available for those having an aggregate exposure of Rs 250 million.

Under restructuring 1.0, the period of moratorium can be extended up to a total of 2 years.

Banks have been allowed to use counter-cyclical provisions for making provisions for bad loans.

Banks to create a Covid loan book under the scheme. Such banks can park liquidity equal to Covid loan book at 40 basis points (bps) above the reverse repo rate.

The RBI has also announced a targeted long term repo operation for small finance banks of up to Rs 100 billion. The funds can be used for lending of up to Rs 1 million per borrower.

Small finance banks (SFBs) permitted to on-lend to smaller microfinance institutions of asset size upto Rs 5 billion under priority sector.

We will keep you updated on the latest developments from this space. Stay tuned.

Wipro Announces Opening of Innovation Centre in London

In news from the IT sector, Wipro was among the top buzzing stocks today.

Wipro will invest US$ 22 million over the next four years to set up a 20,000 square foot innovation centre Holborn, London.

The centre will serve as Wipro's flagship centre in the UK and offer technology expertise to companies globally.

"It will be integral to providing advanced digital, cyber security, and cloud expertise to both established and upcoming enterprises, taking the lead on digital transformation in one of Europe's biggest technology markets," Wipro said in a statement.

This year marks Wipro's 75th global anniversary, and 25 years in the UK, where it employs over 4,000 people.

The Bengaluru-based IT services provider has hired over 500 new employees in the UK in the past 12 months and with the announcement of the innovation centre, the company expects its talent base to increase further over the coming years.

The opening of the centre follows the recent announcement of Wipro's acquisition of UK-based Capco for US$ 1.5 billion.

This acquisition will add 1,300 employees in the UK and will make Wipro one of the largest end-to-end IT service providers to the banking and financial services industry.

UK Prime Minister Boris Johnson said, "Trade and investment between the UK and India is creating good jobs and sustaining livelihoods in both of our countries. I'm very pleased that Wipro has decided to join the legions of Indian companies investing in the UK, boosting our technology sector and driving economic growth."

Wipro has established a strong presence in the UK in recent years with ten offices across the region, including a cloud studio in London and a cyber-defense centre in Reading, Southern England.

Wipro share price ended the day up by 1.9% on the BSE.

Moving on to news from the oil and gas sector...

Adani Total Gas Q4 Results: Net Profit Rises 19%

Adani Total Gas, the city gas joint venture of Adani group and French energy giant Total, reported a 19% rise in its March quarter net profit as the firm expanded operations in newer geographies, resulting in higher sales volumes.

Net profit in the January-March quarter of FY21 was Rs 1.5 billion compared to Rs 1.2 billion in the same period of the previous fiscal year.

It is the third successive quarter of highest ever financial performance with robust physical infrastructure growth despite ongoing pandemic.

The company has reported total income of Rs 6.3 billion during the period ended 31 March 2021 as compared to Rs 5 billion during the period ended 31 March 2020.

For the full year 20-2021, the company has reported total income of Rs 18.3 billion as compared to Rs 20.4 billion in the last financial year.

Commenting on the quarter result of the Company, Mr Gautam Adani, Chairman of Adani group said, "These outstanding results are a testament to the excellent synergy between Adani and Total. Our combined strengths will significantly contribute towards the creation of a gas-based economy. We are committed to ushering in this cleaner fuel across the nation in line with our vision to build a sustainable."

The current market capitalization of Adani Total Gas stands at Rs 1.4 trillion.

Adani Total Gas share price ended the day up by 0.3% on the BSE.

Speaking of stocks, here is an illustration of the four phases that a stock goes through during its life cycle. The cycle repeats itself after the stock goes through all these four stages.

This cycle defines everything in markets. If you can master this cycle, then nothing can stop you from making huge profits.

If you're interested to know how a stock's life cycle can offer you the opportunity to make money in every phase, you can read about it in one of the recent editions of Profit Hunter: One Cycle That Defines Everything in the Markets.

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