Sensex Today Trades Higher | Adani Enterprises Jumps 11% | Wipro & Infosys Top Gainers

Tue, 23 May 10:30 am

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Asian shares markets crept to two-week highs, helped by hints of progress toward avoiding a US default and by resilience in Japan's economy, with industrial sector surveys in Europe and the United States in focus later in the day.

MSCI's broadest index of Asia-Pacific shares outside Japan touched its highest since 9 May 2023. The Nikkei extended its winning streak into a ninth session and rose 0.6%.

While both the Hang Seng index and the Shanghai Composite are down 0.6%

Wall Street indices finished mixed on Monday, with the Nasdaq helped by gains in Alphabet and Meta Platforms, while the S&P 500 ended near flat as investors refrained from big bets ahead of a fresh round of talks about raising the US debt ceiling.

The Dow Jones Industrial Average ended 0.4% lower and the tech heavy Nasdaq Composite ended 0.3% higher.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	125.87	2.62	2.13%	127.05	123.45	127.05	83.45
Apple	174.20	-0.96	-0.55%	174.71	173.45	176.39	124.17
Meta	248.32	2.68	1.09%	253.57	245.12	253.57	88.09
Tesla	188.87	8.73	4.85%	189.32	180.11	314.67	101.81
Netflix	363.01	-2.35	-0.64%	372.01	362.50	379.43	164.28
Amazon	115.01	-1.24	-1.07%	116.77	114.25	146.57	81.43
Microsoft	321.18	2.84	0.89%	322.59	318.01	322.59	213.43
Dow Jones	33,286.58	-140.05	-0.42%	33,512.30	33,207.85	34,712.28	28,660.94
Nasdaq	13,849.74	46.25	0.34%	13,893.71	13,792.97	13,893.71	10,440.64

Source: Equitymaster

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

At present, the BSE Sensex is trading higher by 210 points. Meanwhile, the NSE Nifty is trading up by 80 points.

IndusInd Bank and Infosys are among the top gainers today.

M&M and Kotak Mahindra Bank on the other hand are among the top losers today.

Check out the NSE Nifty heatmap to get the complete list of gainers and losers.

Broader markets are trading on a positive note. Both the BSE Mid Cap index the BSE Small Cap index are trading 0.4% higher.

Sectoral indices are trading on a positive note with the exception of consumer durables sector and realty sector. Stocks in the power sector, and oil and gas sector witness buying.

Shares of Cera Sanitary and UltraTech Cement hit their 52-week high today.

The rupee is trading at Rs 81.82 against the US dollar.

In commodity markets, gold prices are trading lower by 296 to Rs 59,945 per 10 grams today.

Meanwhile, silver prices are trading lower by 0.5% at Rs 72,360 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, has the market overreacted in punishing the stock of Crompton Greaves Consumer Electrical?

Find out why research analyst, Aditya Vora, believes buying stocks based on only valuations is not a smart thing to do.

Aditya Birla Fashion and Retail Q4 results

Apparel retailer Aditya Birla Fashion and Retail on Monday reported consolidated net loss of Rs 1,870 million (m) for the March 2023 quarter. It is compared to a profit of Rs 436 m, in the corresponding quarter last fiscal.

The company has posted its first quarterly loss in nearly 2 years, due to surging expenses outweighed demand for its apparel and lifestyle products.

The revenue from operations of ABFRL was up by 26% to Rs 28.8 billion (bn) for the quarter under review from Rs 22.8 bn in the year-ago period of last year despite a challenging consumption environment.

The Aditya Birla group company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at Rs 1.9 bn, down 48% from Rs 3.7 bn year-on-year.

Business growth continued to be led by aggressive offline expansion. ABFRL has also further strengthened its digital and omnichannel play as e-com sales in Q4 grew 77% YoY driven by effective B2B partnerships and brand.com.

Speaking of Aditya Birla Fashions, earlier this month it completed acquisition of TCNS clothing. TCNS Clothing is one of India's leading women's branded apparel companies.

The company was founded in 2002 and has since grown to become a well-known brand in the Indian fashion industry.

Post-acquisition TCNS share price took a sharp hit on the bourses.

To know why the acquisition did not bode well for investors read our editorial on why TCNS share price is falling.

JSW Steel to acquire National Steel and Agro

JSW Steel on Monday announced that its wholly-owned subsidiary, JSW Steel Coated Products will complete the acquisition of National Steel and Agro Industries (NSAIL) for a total consideration of Rs 6.1 bn.

JSW Steel Coated Products, wholly-owned subsidiary, got approval in respect to corporate insolvency resolution process of NSAIL.

As per the approved plan, JSW Steel Coated Products proposes to pay Rs 6.1 bn to the financial creditor of NSAIL, towards assignment of the financial debt owed by NSAIL to such financial creditor.

The steel company will infuse another Rs 85.2 m by way of loan (in one or more tranches) towards full and final discharge and settlement of unpaid insolvency resolution process costs, payment towards operational creditors (including workmen and employees) and other mandatory payments.

NSAIL shall be delisted pursuant to resolution plan without any exit price being paid to the shareholders.

ITI's order win

Central public sector undertaking, ITI on Monday bagged an advance purchase order (APO) worth a whopping Rs 38.9 bn from state-owned telecom services provider, BSNL for its 4G rollout. As part of the contract, ITI will manufacture the radio access network (RAN).

BSNL issued the APO for reservation quota (RQ) order in the west zone.

The order includes planning, engineering, supply, installation and commissioning, and AMC of 4G Mobile Network for 23,633 sites in the west zone of the telecom company. The total value of the contract also includes AMC for 9 years.

ITI said, that the supply period is 18-24 months and the warranty is 12 Months with the consortium partner being IT giant Tata Consultancy Services (TCS).

ITI is the country's premier telecom company and multi-unit central public sector undertaking, is a total solutions provider in the telecommunications segment.

Currently, ITI has six manufacturing facilities in locations like Bengaluru, Naini, Raebareli, Mankapur, Srinagar, and Palakkad along with an in-house R&D centre in Bengaluru and marketing, sales & projects (MSP) offices spread across the country.

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

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Indian Share Market Update: Top Gainers and Losers