Gift Nifty Trades Flat | Bharat Forge Bags Export Orders | BHEL's Latest Power Projects | Top Buzzing Stocks Today

Tue, 22 Aug Pre-Open

   Previous Close   

   10:30 am   

   Closing   

On Monday, Indian share picked up the pace as session progressed and ended the day higher.

Benchmark indices  traded with a positive bias on Monday even as global cues remained jittery. Buying was visible in IT, financial and power stocks and Adani Group stocks, which saw steady demand.

At the closing bell on Monday, the BSE Sensex stood higher by 267 points (up 0.4%).

Meanwhile, the NSE Nifty closed up by 83 points (up 0.4%).

Adani Ports and IndusInd Bank were among the top gainers.

M&M and Cipla on the other hand, were among the top losers.

Broader markets are trading on a positive note. The BSE Mid Cap index is trading 0.9% higher and the BSE Small Cap index is trading 0.7% higher.

Sectoral indices ended on a positive note with stocks in the power sector and metal sector witnessing most of the buying.

Shares of Thermax and L&T Technology hit their 52-week high on Monday.

The rupee was trading at 83.11 against the US$.

Gold prices for the latest contract on MCX were trading flat at Rs 58,360 per 10 grams at the time of Indian market closing hours on Monday.

At 7:50 AM today, the Gift Nifty was trading 5 points lower at 19,383 levels.

Indian share markets are headed for a muted opening today following the trend on trend on Gift Nifty.

Speaking of stock markets, interesting events have unfolded over the last few days.

Fitch has downgraded US credit rating.

Morgan Stanley recently upgraded India's outlook to overweight, suggesting we are entering a long growth phase.

The world is acknowledging that the elephant can dance, and that the dragon's fire is losing heat.

And guess gave India's growth story the thumbs up?

Well, it's none other than China.

China's top State-run bank and biggest lender has joined India dedicated investment fund, citing that India offers the best opportunity for a double-digit growth.

While China itself is slowing down after a spectacular growth phase triggered by manufacturing, capex and infra revolution lasting decades, it seems to be India's turn now.

In the below video, Hidden Treasure, Richa Agarwal talks about a smallcap company that is all set to ride the infra wave.

Top buzzing stocks today

L&T share price will be in focus today.

The hydrocarbon business of Larsen & Toubro (L&T) on 21 August said that it has received a significant contract from the Saipem & Clough joint venture (SCJV) in Australia.

SJS Enterprises will also be a top buzzing stock.

Marquee investor, Ashish Kacholia sold 1.8 lahks SJS shares for Rs 640 a piece in a bulk deal. On the same day, 3 lakh SJS Enterprises shares changed hands on the exchanges, which was 50% more than its monthly traded average.

Bharat Forge bags export orders

The company's defence arm, Kalyani Strategic Systems received two export orders worth Rs 8.5 bn.

Its wholly owned defence arm received two export orders totalling EUR 93.87 million (about Rs 8.5 bn) from friendly nations for the delivery of parts and armoured vehicle chassis to be carried out over 18 months. This depends on receiving the required government approvals.

Bharat Forge is the flagship company of the USD 3 billion Kalyani Group and a global provider of high-performance, innovative, safety & critical components.

Bharat Forge is among the top Indian drone companies to watch out for in 2023.

Speaking of the defence sector, note that the government's Atmanirbhar Bharat Abhiyan has emphasised the need for self-reliance in security space.

Given the increasing focus on self-reliance, the Ministry of Defense (MoD) has set a target of doubling defence production to US$ 25 bn by 2025.

That is why we believe that the defence sector could produce the next set of multibagger stocks over the long run.

HDFC Bank consumer boom

HDFC Bank wants to use home lending as a gateway for the world's sixth-largest lender to capture more consumer finance customers with loans on everything from air conditioners to cars and TVs.

The Mumbai-based bank is converting about 530 offices that previously specialized in mortgages into ones with fully-fledged banking services in the coming months.

The HDFC Bank deputy managing director said his firm can now offer home loans at more than three times the locations following its merger with HDFC, and that's just the start.

It's an opportune moment for HDFC Bank as demand from retail customers surges across India, the world's most populous country. The nation's banks and shadow lenders have been expanding into consumer finance as demand for loans from retail customers surged 22% over the past year.

The intensifying competition has drawn the likes of Jio Financial Services to get a slice of the action.

The firm, that's backed by Life Insurance Corp of India and Singapore's sovereign wealth fund GIC Pte., is making decisions on staffing and the technology needed for the ramp-up.

About 70% of the erstwhile mortgage lender's customers did not bank with HDFC Bank, and only 2% of the bank's customers previously sourced their home loans from it.

HDFC Bank is among the top 5 Indian stocks with consistently rising operating margins.

BHEL wins Rs 40 billion order

Bharat Heavy Electricals (BHEL) shares were up by 2% on 21 August after the company announced an order win from Adani-group subsidiary Mahan Energen worth approximately Rs 40 bn.

The state-owned company is expected to supply power-generating equipment to the latter for an upcoming 2x800 power project at Bandhaura, Madhya Pradesh.

It will be supplying heavy equipments such as boiler, turbine, generator and associated auxiliaries along with control and instrumentation mechanism to Mahan Energen.

The company said that apart from supplying the said equipment, it will also be supervising and commissioning the upcoming power project, which is based on supercritical technology.

Bharat Heavy Electricals Limited is engaged in the manufacturing of power generation equipment like turbines, boilers, and associated components. The company also offers services related to power plant construction, modernisation, and maintenance.

To know more about whether monopoly stocks like BHEL are screaming buy at any price, check out Good monopoly stocks vs bad monopoly Stocks.

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