Sensex Today Trades Lower | ITC & Nestle Top Losers | Why IRFC Share Price is Falling

Thu, 17 Aug 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian shares Asian shares slid to nine-month lows on Thursday, while the dollar was at two-month peak as fears over China's sluggish economic recovery and concerns that the Federal Reserve may still raise interest rates rattled investors.

The Nikkei is trading 0.4% lower while the Hang Seng index is down 0.1%. The Shanghai Composite is trading flat.

US stocks slipped on Wednesday after the Federal Reserve's minutes showed that FOMC members were divided over the rate hike in July.

The Dow Jones Industrial Average shed 0.51% and the Nasdaq Composite lost 1.15%.

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	129.11	-1.16	-0.89%	130.9	128.46	134.07	83.45
Apple	176.57	-0.88	-0.50%	178.54	176.5	198.23	124.17
Meta	294.29	-7.66	-2.54%	301.08	294.28	326.2	88.09
Tesla	225.6	-7.36	-3.16%	233.97	225.38	314.67	101.81
Netflix	415.45	-8.25	-1.95%	424.51	415.25	485	211.73
Amazon	135.07	-2.6	-1.89%	137.27	135.01	146.57	81.43
Microsoft	320.4	-0.78	-0.24%	324.42	319.8	366.78	213.43
Dow Jones	34,765.70	-180.7	-0.52%	35,133.56	34,757.37	35,679.13	28,660.94
Nasdaq	13,474.60	-156.4	-1.15%	13,644.32	13,473.03	14,446.55	10,088.83

Source: Equitymaster

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

At present, the BSE Sensex is trading lower by 207 points. Meanwhile, the NSE Nifty is trading down by 67 points.

Titan and SBI are among the top gainers today.

ITC and Nestle on the other hand are among the top losers today.

Broader markets are trading on a positive note. The BSE Mid Cap index and the BSE Small Cap index is trading higher by 0.5%.

Sectoral indices are trading on a mixed note with stocks in the consumer durables sector and realty sector are witnessing buying. While stocks in FMCG sector and energy sector witnessing selling pressure.

Shares of Trent and Lupin hit their 52-week high today.

The rupee is trading at Rs 82.07 against the US dollar.

In commodity markets, gold prices are trading 0.4% lower at Rs 58,460 per 10 grams today.

Meanwhile, silver prices are trading 0.3% lower at Rs 69,505 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, the electronic manufacturing sector is buzzing with companies like Dixon and Amber taking a high mind share, however, with astronomical valuations, is it worth betting on them?

Find out why Hidden Treasure, Aditya Vora believes that these 2 less known small cap stocks should be on your watchlist.

Tune in to the below video for more.

Government to sell IRFC shares

The government is planning to sell a part of its holding in the state-owned Indian Railway Finance Corp (IRFC) through an offer for sale (OFS) in the current fiscal.

The government currently holds an 86.4% stake in the financing arm of the Indian Railways. An inter-ministerial group (IMG) comprising senior officers from the Department of Investment and Public Asset Management (DIPAM) and the Railways Ministry has started consultations to decide on the quantum of stake dilution.

To make the central public sector enterprise compliant with Sebi's minimum public shareholding (MPS) norm, the government has to dilute its 11.4% stake in IRFC.

As per MPS norm, a listed entity must have a minimum public float of 25% within five years of listing.

After largely underperforming for two years since listing, the railway stock has risen 75% in four months, hitting a new 52-week high. To know why check out, why IRFC share price is rising.

Nazara Technologies invests in Snax Games

Nazara Technologies will invest up to US$ 500,000 in Israel-based Snax Games as the diversified gaming and sports media firm looks to expand its portfolio.

The investment will be made by Nazara Technologies Singapore subsidiary in one or two tranches in the form of a Simple Agreement for Future Equity (SAFE).

Following the agreement, Nazara Singapore will have the right to acquire equity shares in Snax Games at a future date.

The company has also entered into a publishing agreement with Snax Games, acquiring exclusive rights to publish the games in the Indian subcontinent and the Middle East region on a revenue-sharing basis for five years.

The startup's leadership team has over 20 years of experience and has been involved in developing multiple top-grossing games and intellectual properties for prominent gaming companies such as Scopely, Plarium and CrazyLab.

Snax Games plans to build mobile games in a new genre called casual multi-game and is working on its first game called Parties & Puzzle, which will soon be made available through Nazara's publishing platform, the company said in a statement.

The company recently received the board's approval to raise up to Rs 7.5 bn through the issuance of equity shares. It intends to raise this capital through qualified institutional placements, preferential allotment or a combination of both.

IT stocks offering decent return on Equity (ROE), sales growth and profit growth appeal to many. For more, check out top Indian IT companies in India.

VIP Industries MD step down

Luggage maker VIP Industries has announced the appointment of Neetu Kashiramka as the company's managing director (MD) designate, effective 15 August, following the resignation of Anindya Dutta.

Kashiramka will continue as the chief financial officer (CFO) while additionally taking over the responsibility of a managing director designate till 13 November.

She will take over as managing director and CFO of the company, effective 14 November, subject to shareholder's approval.

Kashiramka joined VIP Industries on 7 April 2020, and was appointed executive director and CFO, with effect from 8 May 2023. Kashiramka is a qualified chartered accountant having over 26 years of post-qualification experience. Before joining the company, she worked as CFO at Greaves Cotton.

Kashiramka started her career with Kewal Kiran & Company and thereafter moved to Jyothy Laboratories.

VIP Industries is among 5 Fundamentally Strong Smallcap Stocks Trading Near 52-Week Lows. Do they Have the Potential to Rebound?

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