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Sensex Today Ends 213 Points Higher | Nifty Above 25,000 | HUL Rises 7% & Ola Electric Mobility 14%
Wed, 20 Aug Closing

Sensex Today Ends 213 Points Higher | Nifty Above 25,000 | HUL Rises 7% & Ola Electric Mobility 14%Image source: phive2015/www.istockphoto.com

After opening the day lower, the benchmark indices continued their upward momentum, ended the session in green.

Indian equity markets indices Nifty index managed to reclaim the 25,000-mark after a gap of nearly one month. The index last closed above the 25,000-mark on July 24.

At the closing bell, the BSE Sensex  closed higher by 213 points (up 0.3%).

Meanwhile, the NSE Nifty closed 70 points higher (up 0.3%).

Infosys, TCS, HUL among the top gainers today.

Bharat Elec, Bajaj Finance, Tata Motors on the hand, were among the top losers today.

The GIFT Nifty was trading at  25,076 higher by 64 points at the time of writing.

The BSE MidCap index ended 0.3% higher and BSE SmallCap index ended 0.3% higher.

Sectoral indices are trading mixed today with stocks in IT sector and media sector witnessed buying. Meanwhile, stocks in healthcare sector and financial services sector witnessed selling pressure.

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...

The rupee is trading at Rs 87.3 against the US$.

Gold prices for the latest contract on MCX are trading 0.1% higher at Rs 98,771 per 10 grams.

Meanwhile, silver prices were trading 0.6% lower at Rs 110,631 per 1 kg.

Speaking of the stock market, research analyst Divya Grover, in her latest video, shares insights on the Parakar Flexicap Fund, a high-conviction, flexibly managed mutual fund.

She explains how the fund dynamically allocates across large, mid, and small cap stocks based on market conditions and valuations, aiming for long-term capital appreciation through fundamentally strong and attractively priced stocks.

Let's dig deeper into this.

Llyods Metals Wins Tandsi Coal Bid

In the news from metal sector, Lloyds Metals & Energy Limited announced that it had won the Tandsi-III and Tandsi-III extension coking coal mine bid, securing the project at a premium of 10.5%.

Situated approximately 400 kilometres from Ghugus on the Madhya Pradesh-Maharashtra border, the mine spans approximately 338 hectares and is estimated to have reserves of 23 million metric tonnes (MMT). Both opencast and underground mining techniques will be used in its development.

Lloyds Metals & Energy announced in June of this year that it had obtained environmental approval to increase its iron ore mining capacity to 55 million tonnes annually (MTPA).

The development phase is anticipated to last four years, and the company has suggested a production capacity of up to 0.30 million tonnes annually. The project's required agreements will be carried out when the time comes.

According to Lloyds Metals, the mine will promote sustainable and affordable steel production, guaranteeing long-term ore security for both internal use and possible external supply. The company's plans for steel and pellet production will also benefit from the expansion.

GNG Electronics Soars on Strong Q1

Moving on to the news from IT sector, shares of surged 4.7% after the company posted its Q1 FY26 results.

Its operating revenue was Rs 3.1 billion (bn), up 22% from Rs 2.5 bn the previous year.

The company's EBITDA were Rs 0.4 bn, down from Rs 0.3 bn the previous year.

EBITDA margins were 11.26% compared to 10.7% year over year (Y-o-Y).

According to the filing, GNG Electronics refurbished 5.91 lakh devices in FY25, a significant increase from 2.48 lakh in FY23, demonstrating the high demand for its goods and services.

With the help of a growing global procurement network of 557 partners, which included corporates, IT asset disposal companies, and top OEMs, the company's customer base increased from 1,833 in FY23 to 4,154 in FY25.

GNG Electronics' MD, said the company delivered a strong Q1 performance with healthy revenue growth, improved margins, and expected profitability. As a leading ICT device refurbisher, GNG is well-positioned to benefit from growing demand for affordable tech.

GNG Electronics Limited is a leading refurbisher of laptops, desktops, and ICT devices, with a strong presence in India, the USA, Europe, Africa, and the UAE. They focus on repairing rather than replacing, offering affordable and reliable devices with industry-leading warranties.

GNG Electronics Share Price - 6 Months

Why HAL Shares Are in Demand

Moving on to the news from defence sector, shares of Hindustan Aeronautics Ltd rose after the Indian government approved a Rs 620 bn deal to buy 97 more domestic Light Combat Aircraft (LCA) Tejas Mk1A fighter jets for the Indian Air Force (IAF).

The agreement has been finalised with the approval of the Cabinet Committee on Security (CCS), which is led by Prime Minister Narendra Modi.

HAL will manufacture the aircraft.

The government ordered 97 LCA Mk1A jets worth Rs 620 bn from HAL, following a previous contract for 83 jets worth Rs 480 bn.

Despite facing challenges, HAL has pledged to deliver 12 Mk1A aircraft by the end of the 2025-2026 timeframe. The company has already assembled six aircraft and are now in service with backup engines as a stopgap measure. In mid-July, HAL received the second GE engine for the Mk1A.

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


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