Sensex Trades on a Volatile Note; Bajaj Auto & SBI Top Losers

Wed, 2 Sep 12:30 pm

   Previous Close   

   Pre-Open   

   09:30 am   

   Closing   

Share markets in India are presently trading on a flat note in today's volatile trade as border tensions with China worried investors.

Benchmark indices opened on a cautious note today, dragged down by public sector banks, ahead of the Supreme Court's hearing on loan moratorium.

The BSE Sensex is trading down by 23 points, at 38,900 levels.

Meanwhile, the NSE Nifty is trading up by 6 points. The top gainers in NSE today include Zee Entertainment and Coal India.

The BSE Mid Cap index is trading up by 0.3%. The BSE Small Cap index is trading up by 1.2%.

On the sectoral front, automobile stocks are witnessing selling pressure. Meanwhile, energy stocks and telecom stocks are trading in green.

Vodafone Idea is among the top gainers today after the company announced board meet on September 4 to consider fund raising.

The rupee is trading at 72.96 against the US$.

Gold prices are currently trading down by 0.3% at Rs 51,318.

If you want to know, when and how to buy gold, just visit our Youtube Playlist on gold investing. Get trading ideas on gold by India's #1 trader Vijay Bhambwani. Find out the right way to profitably trade gold now.

Speaking of stock markets, a right investing process helps you win in the long term. It might offer some unexpected and undesirable results but lets you fare well when you average the outcomes in the long term.

As per Richa Agarwal, any investment process should be judged not based on individual outcomes. Instead it should have stood the test of the time.

Her smallcap service Hidden Treasure has had fair share of failures in. But sticking to a disciplined process meant to Hidden Treasure's internal rate of return (IRR) of 24.38% since inception. This compares favorably to the IRRs of 9.6% for the Sensex, and 8.8% for the smallcap index in the same period (February 2008 - June 2020) as can be seen in the chart below.

The service's performance did suffer in the short term after the 2018 crash in smallcaps. However, the long term track record and the post Covid rebound underscores the strength of stock picking process.

In news from the mutual funds space, to further enhance transparency, Indian markets regulator on Tuesday revised disclosure requirements pertaining to debt and money market securities transactions for mutual funds.

The new framework will come into effect from October 1, the regulator said in circular.

The regulator has asked mutual funds to disclose details of debt and money market securities transacted in their schemes portfolio, including inter-scheme transfers, on a daily basis with a time lag of 15 days in a prescribed format.

At present, a time lag of 30 days has been allowed.

Under the new disclosure format, fund houses need to mention about name of the security, type of security, most conservative rating of security at the time of transaction, if applicable, name of the rating agency and transaction type.

Among others, they need to disclose about listed status of security, name of mutual fund, scheme name, type of scheme, residual days to final maturity, deemed maturity date, quantity traded, face value per unit and value of such trade.

In other news, Rivaaz Trade Ventures (RTV), a Future Group entity, has defaulted on its debt repayment obligation, impacting four schemes of Franklin Templeton Mutual Fund.

These four schemes are part of the six schemes that were wound up by the fund house in April.

Franklin is hopeful that Future Group will be able to repay all pending dues following its deal with Reliance Industries.

On August 29, Reliance Retail announced the acquisition of various businesses of Future Group on a slump sale basis for an aggregate sum of Rs 247.1 billion.

Moving on to stock specific news...

Adani Green Energy is among the top buzzing stocks today.

Shares of the company surged 10% to hit an all-time high of Rs 546 on the BSE after the company informed that Mercom Capital has ranked the Adani Group as the number 1 global solar power generation asset owner in terms of operating, under construction, and awarded solar projects.

Adani's renewable energy portfolio exceeds the total capacity installed by the entire United States solar industry in 2019 and will displace over 1.4 billion tons of carbon dioxide over the life of its assets, the press release added.

Adani Green Energy established its first solar project in 2015. The company went public in 2018.

The company also achieved a top spot in the global ranking in terms of under construction and awarded capacity with 10.1 GW of projects, making it the definitive leader in mega-scale renewable energy project deployments.

Other Adani group stocks are also trading in the green. Adani Enterprises is up over 1% while Adani Ports is trading 0.6% higher.

Adani Transmission is up over 1% and Adani Gas surged over 5% to Rs 186.40.

Recently, Adani Group acquired a 74% stake in Mumbai International Airport Limited (MIAL), which operates India's second-largest airport in Mumbai. Under the transaction, Adani Group will acquire 50.5% stake of GVK group.

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