Sensex Today Trades Lower | IOC & BPCL Drop 3% | NTPC, SBI Top Losers

Fri, 29 Dec 10:30 am

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Asian stocks took a breather on the last trading day of the year and are set to snap their two-year losing streak with investors buoyed by the expectations that the Federal Reserve will start cutting interest rates next year.

The Nikkei is trading 0.3% lower while the Hang Seng index is trading 0.5% lower.

US stocks closed marginally higher on Thursday, in the penultimate trading day of what's been a strong year for stocks.

Here's a table showing how US stocks performed on Thursday:

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	141.28	-0.16	-0.11%	142.27	140.83	143.95	85.57
Apple	193.58	0.43	0.22%	194.66	193.17	199.62	124.17
Meta	358.32	0.49	0.14%	361.9	357.81	361.9	115.77
Tesla	253.18	-8.26	-3.16%	265.13	252.71	299.29	101.81
Netflix	490.51	-1.28	-0.26%	492.89	489.07	500.89	281.01
Amazon	153.38	0.04	0.03%	154.08	152.95	155.63	81.43
Microsoft	375.28	1.21	0.32%	376.46	374.16	384.3	219.35
Dow Jones	37710.1	53.58	0.14%	37778.85	37650.98	37778.85	31429.82
Nasdaq	16898.47	-8.33	-0.05%	16969.17	16891.32	16969.17	10671.19

Source: Equitymaster

At present, the BSE Sensex is trading 147 points lower and NSE Nifty is trading 33 points lower.

Tata Motors and Adani Ports are among the top gainers today.

BPCL and NTPC on the other hand are among the top losers today.

Broader markets are trading higher. The BSE Mid Cap and the BSE Small Cap index is trading higher by 0.2%.

Sectoral indices are trading mixed, with socks in power sector and finance sector witnessing most buying. Meanwhile, stocks in oil & gas sector and energy sector witness selling pressure

The rupee is trading at Rs 83.17 against the US dollar.

In commodity markets, gold prices are trading 0.2% lower at Rs 63,262 per 10 grams today.

Meanwhile, silver prices are trading 0.9% lower at Rs 74,300 per 1 kg.

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...

Speaking of stock markets, next time when some of you visit a liquor store, chances are you will be surprised with a Coca Cola brand sitting next to the familiar names.

You see, Coca Cola is launching its ready to drink alcoholic beverage in the domestic market.

If it does well, this could just be the beginning with more alcoholic products like ready to drink pre mixed cocktails in the offing.

It's too soon to say what that will mean for Indian incumbents in the alcohol industry. I don't think it will be negative.

More Indians, including women, are raising glasses. Considering India's population, favourable demographics, life style changes, mass urbanisation and premiumisation, and keeping the moral overtones aside, liquor industry in India is set to grow.

Hidden Treasure, Richa Agarwal talks about stocks to keep in your watchlist if you are keen to ride the 'spirited' surge.

Railtel New Order Win

The South Central Railway has awarded the company a work order worth Rs 1.2 billion (bn) for the provision of an automatic block signalling system in the Yermaras-Nalwar section of the Guntakal division. The work includes comprehensive signalling and telecommunication.

Apart from this, PSU RailTel has been tasked with implementing an integrated tunnel communication system along the new single-line Bhairabi-Sairang section of the Lumding division of the Northeast Frontier Railway (NFR).

The public sector undertaking will also undertake emergency call arrangements in tunnels and integrated passenger information systems at railway stations along the section.

Railtel Corporation of India is one of the largest telecom infrastructure providers in the country. It is owned by the Government of India under the Ministry of Railways (MoR).

For more, check out Why Railtel Share Price is Rising.

Sirius, Adani to create JV

Adani Enterprises partnered with Sirius International Holding, a subsidiary of IHC (International Holding Company), to create a joint venture named Sirius JV, according to a company statement.

The latest venture will capitalize on the global digital transformation and lead the US$ 175 bn opportunity in the digitalisation of the Indian economy.

Sirius JV seeks deployment of cutting-edge Artificial Intelligence (AI), Internet of Things (IoT), and Secured Blockchain Products for industrial applications across FinTech, HealthTech, and GreenTech.

Sirius JV will capitalize on the global digital transformation expertise of Sirius and Adani's strategic insights. This digital opportunity rapidly evolves to become a US$ 1 trillion (tn) market by 2030.

Inexpensive sensorisation and the power of artificial intelligence are opening up new ways to drive extreme levels of efficiency, ensure real-time decision-making, and rapidly deploy transformative business models.

The power of compute and the ability to deliver green energy to data centres creates a unique combination of strengths that we bring to this partnership with Sirius International Holding, which has a portfolio of the most exciting digital companies relevant in today's era.

Initial deployment to leverage Adani Group's vast industrial testbed to validate and scale its solutions.

The completion of the transaction shall be upon satisfaction of customary closing conditions, including the receipt of necessary approvals.

For more details, check out Equitymaster's Indian stock screener, which shows all the Adani group companies' fundamental analysis on one screen.

Dig deeper into Adani group stocks.

Value Stocks: Stocks with Limited Downside but Good Upside Potential

PNB to Raise Funds

Punjab National Bank on Thursday said its board has approved a proposal to raise Rs 75 bn capital through QIP or FPO.

The fundraising exercise will be done in one or more tranches during the next financial year.

The board of directors, during a meeting on 28 December, approved the proposal for raising equity capital for an amount aggregating up to Rs 75 bn in one or more tranches during 2024-25 through Qualified Institutional Placement (QIP) or Follow-on Public Offering (FPO) or any other permitted mode or a combination.

Public sector undertakings (PSUs) are an important component of India's economy, and several companies are owned and operated by the government.

Punjab National Bank, abbreviated as PNB, is an Indian government owned bank.

It's under the ownership of ministry of finance, government of India headquartered in New Delhi, India.

For more, check out the top PSU Companies in India.

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!

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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

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