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

Sensex Today Ends Flat Ahead of US Inflation Data | Infosys & Titan Top Losers | IT Stocks Witness Selling

Mon, 12 Dec Closing

   Previous Close   

   Pre-Open   

   10:30 am   

After opening the day marginally lower, Indian share markets remained volatile throughout the trading session and ended on a flat note.

Benchmark indices closed flat as investors remained cautious at the start of the week keeping an eye on the Fed's decision on the interest rate hike.

IT stocks continued their downward journey amidst negative global cues and fear of recession.

At the closing bell, the BSE Sensex stood lower by 51 points (down 0.1%).

Meanwhile, the NSE Nifty closed flat, higher by 1 point.

BPCL, Divis Laboratories, and Coal India were among the top gainers today.

Asian Paints, Infosys, and Kotak Mahindra, on the other hand, were among the top losers today.

The SGX Nifty was trading at 18,602, up by 11 points, at the time of writing.

Broader markets settled on a positive note. The BSE MidCap inched 0.3% higher while the BSE SmallCap index ended 0.4% higher.

If you're looking to midcap stocks that offer growth in the long run, check out the 5 midcap stocks for long term.

Sectoral indices ended on a mixed note with stocks in the oil and gas sector, metal sector and energy sector witnessing heavy buying.

While stocks in the IT sector, telecom sector, and power sector witnessed selling.

From the energy sector, BPCL climbed over 3% today.

Shares of Godfrey Phillips, Blue Star, and Apollo Tyres hit their 52-week highs today.

If you're interested in knowing which shares to trade, read our guide on the best intraday stocks for today.

Asian share markets ended the day on a negative note, shedding gains.

The Hang Seng inched lower by 2.2%, while the Shanghai Composite index dived 0.9%. The Nikkei edged 0.2% lower.

US stock futures are trading on a positive note. Dow futures are trading up 0.1% while Nasdaq futures are also trading higher up by 0.1%.

The rupee is trading at 82.6 against the US$.

Gold prices for the latest contract on MCX are trading lower by 0.2% at Rs 54,213 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading up by 0.4% at Rs 68,288 per kg.

Speaking of stock markets, in the latest episode of Investor Hour podcast, Rahul Goel - CEO at Equitymaster, talks with ace investor Chris Mayer.

In the below video, Chris Mayer shares his stock picking process, its evolution and why he believes the "old" Buffett stock picking method may not work anymore.

Tune in to the video to attend a master class on stock picking, portfolio construction and asset allocation.

Why Yes Bank share price is rising

In news from the banking sector, shares of Yes Bank have jumped 19% in 2 days.

Shares of Yes Bank hit a 29-month high today after it received the Reserve Bank of India's (RBI) nod to raise capital from funds affiliated with global private equity investors Carlyle and Advent International.

On Friday, RBI issued two letters to Yes Bank as the final permission for its proposed capital raise plan from the Carlyle Group and Verventa Holdings.

On November 30, the RBI had given a unit of the Carlyle Group and Verventa Holdings Limited conditional approval to purchase a 9.9% stake in the bank for Rs 89 bn.

As announced by Yes Bank in July 2022, the fundraising will be done through a combination of US$640 million (m) or Rs 51 billion (bn) in equity shares and US$475 m or Rs 38 bn through share warrants.

Further, the acquisition by the investors would add Rs 89 bn to the equity capital base.

Note that Yes Bank share price crashed from its all-time high of Rs 393 in August 2018 to under Rs 11 over the next two years.

The story is a classic example of how a popular stock has turned into a penny stock.

With the latest developments, the downside risk from here seems limited. The upside opportunity to become a multibagger stock for next 10 years could be substantial.

For more, check out our recent editorial on Yes Bank: Is it Time to Say "YES" to this Bank?

ONGC to invest Rs 21.5 bn in drilling exploratory wells

Moving on to the news from the energy sector, ONGC was among the top buzzing stocks today.

Oil and Natural Gas Corporation has proposed to drill 53 exploratory wells in Andhra Pradesh - 50 in Godavari.

It will be done on the block of the KG basin and three in the block of the Cuddapah basin with an investment outlay of Rs 21.5 bn.

Last month, Andhra Pradesh State-Level Environment Impact Assessment Authority (SEIAA), in a meeting cleared two separate proposals put up by the ONGC for environmental clearance.

These wells will be converted to development wells and connected to the nearest Early Production System/ Gas Collecting Station if proven viable.

The company proposes to carry out the prospecting and exploration drilling in the block of the Cuddapah basin falling in Kurnool, Anantapur and YSR Kadapa. The three exploratory locations will be drilled during 2021-2024.

The estimated project cost for the three wells would be Rs 1.5 bn, and it would take three to five months for exploratory drilling at each well site.

ONGC currently produces 4.4 million standard cubic feet of gas and over 700 tons of oil from the KG Basin per day.

ONGC is the biggest publicly traded oil and gas production and exploration company in India. The company produces 70% of India's crude oil.

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