Markets will remain closed on May 01, 2024 on account of Maharashtra Day.

Sensex Ends Flat; Tata Motors & ONGC Top Gainers

Tue, 2 Jan Closing

   Previous Close   

   09:30 am   

   11:30 am   

   01:30 pm   

   Closing   

Indian share markets continued to trade dull in the afternoon session. At the closing bell, the BSE Sensex remained unchanged. While, the NSE Nifty finished higher by 7 points. Meanwhile, the S&P BSE Midcap Index and S&P BSE Small Cap Index both ended down by 0.6% respectively.

Barring metal stocks, power stocks and automobile stocks, all the stocks ended the day in red. Stocks from realty sector and healthcare sector witnesses maximum selling pressure.

Overseas, Asian stock markets finished mixed as of the most recent closing prices. The Hang Seng gained 1.99% and the Shanghai Composite rose 1.24%. European markets are lower today with shares in Germany off the most. The DAX is down 0.71% while France's CAC 40 is off 0.43% and London's FTSE 100 is lower by 0.30%.

The rupee was trading at Rs 63.67 against the US$ in the afternoon session.

Tata Motors share price surged over 3% after its domestic commercial vehicle and passenger vehicle sales rose 52% to 54,627 units in December. Domestic commercial vehicle sales increased 62% to 40,447 units.

Meanwhile, Ashok Leyland has reported a 79.4% jump in total sales at 19,253 units in December 2017. The company had sold 10,731 units in the same month last year. The stock price surged 3.6% today.

In the news from the economy. Extending the trend of growth, manufacturing activity in India accelerated at a swift pace in the month of December to hit 5 year high. This came on the back of improved operating conditions and strong production.

The substantial inflow of new orders too underpinned the expansion in manufacturing sector. However, Goods and Services Tax (GST) continued to exert upward pressure on manufacturers' cost burdens in December.

Reportedly, the seasonally adjusted Nikkei India Manufacturing Purchasing Managers' Index (PMI)-a composite single-figure indicator of manufacturing performance- rose to 54.7 in December from 52.6 in November, indicating a healthy growth in manufacturing sector since December 2012.

The reading signaled an expansion for the fifth consecutive month, remaining above the no-change mark of 50.

On the price front, rising input costs continued to spark cost pressures on manufacturers and to pass on their cost burdens, firms raised output charges for the fifth month in succession. Further, the inflation rate rose to a 10-month high, but was modest and weaker than its long-run series average.

In line with improved manufacturing activity, the employment growth also accelerated to the strongest since August 2012. This came on the back of favorable demand conditions in domestic and international markets.

Tackling unemployment has remained one of the biggest economic challenges for successive governments. So, while the Modi-led government has unveiled a number of breakthrough reforms such as notebandi, GST and the Insolvency and Bankruptcy Act, poor growth in job creation remains its biggest sore point.

New Jobs Grow at a Snail's Pace

As per the latest quarterly report by the Labour Ministry, new jobs in the organised sector grew by a measly 2% amounting to 0.42 million in FY17. And, out of the 0.4 million jobs created in FY17, a lion's share of 47.4% were in the manufacturing sector.

In the news from the engineering sector. As per an article in a leading financial daily, Larsen & Toubro's (L&T) construction arm - L&T Construction has bagged orders worth Rs 14.5 billion across various business segments.

The Smart World & Communications Business Unit has secured an order worth Rs 8.6 billion for the implementation of 5 Million Smart Meters.

Reportedly, the scope involves Design, SITC and O&M Support of Advanced Metering Infrastructure (AMI) Solutions for 5-Million Smart Electricity Meters with GPRS-based communication modules for the states of Uttar Pradesh and Haryana.

Further, its Power Transmission & Distribution Business has bagged orders worth Rs 5.7 billion from both international and domestic customers.

The business has secured an order from Chamundeshwari Electricity Supply Corporation, a Karnataka Government undertaking, for turnkey execution of power distribution system to strengthen works in several subdivisions of the Mysuru area.

Notably, diversification continues to help L&T negotiate and get better terms and margins for projects. Apparently, this is because it is less desperate to win orders as compared to a company which are present in only a couple of sectors. Its reputation, extensive technical prowess, and large skilled workforce have enabled L&T to command a certain premium from customers and vendors alike.

Whether, further addition to these new projects provides a cushion to its profitability will be an interesting thing to watch out for going forward.

To know more about the company, you can access to L&T's latest result analysis and L&T stock analysis on our website.

L&T share price ended down by 1%.

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