Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Sensex Ends 393 Points Higher; Infosys and TCS Among Top Nifty Gainers
Thu, 24 Jun Closing

Indian share markets witnessed positive trading activity throughout the day today and ended higher.

Benchmark indices edged higher in today's session, tracking firm cues from global peers and helped by gains in IT and metal stocks.

At the closing bell, the BSE Sensex stood higher by 393 points (up 0.8%).

Meanwhile, the NSE Nifty closed higher by 104 points (up 0.7%).

Infosys and TCS were among the top gainers today.

Reliance Industries and Coal India, on the other hand, were among the top losers today.

The SGX Nifty was trading at 15,845, up by 52 points, at the time of writing.

The BSE MidCap index and the BSE SmallCap index ended down by 0.5% and 0.2%, respectively.

--- Advertisement ---
Replay Available: Super Smallcaps Summit

Today, we went LIVE with Richa Agarwal's Super Smallcaps Summit.

Richa revealed details about the 3 'dark horse' stocks that could potentially hand you hundreds or even thousands of percent in gains over the long term.

However, you missed the Exclusive event for some reason.

And because we don't want you to miss out on this rare opportunity, we have a replay of the event arranged for you.

Click the link below to watch the replay now.

Watch the Replay

or click here to read the transcript
------------------------------

Sectoral indices ended on a mixed note with stocks in the IT sector, metal sector and banking sector witnessing most of the buying interest.

Energy and oil & gas stocks, on the other hand, witnessed selling pressure.

Shares of Greaves Cotton and Indian Hotels hit their respective 52-week highs today.

Asian stock markets ended on a positive note today.

The Nikkei and the Shanghai Composite ended the day on a flat note today, while the Hang Seng ended up by 0.2%.

US stock futures are trading on a positive note today with the Dow Futures trading up by 168 points.

The rupee is trading at 74.16 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.2% at Rs 46,972 per 10 grams.

Speaking of the stock markets, India's #1 trader, Vijay Bhambwani talks about why you should consider making trading profits along with your long-term investments, in his latest video for Fast Profits Daily.

Tune in to the video below to find out more:

In news from the pharma sector, Orchid Pharma was among the top buzzing stocks today.

Shares of Orchid Pharma were locked in 10% lower circuit at Rs 1,187.9 per share on the BSE today as the company's two-day stake sale through an offer for sale (OFS) began today.

The floor price for the offer has been fixed at Rs 375 per share.

WATCH NOW: 3 Super Smallcap Stocks You Don't Want to Miss Out On

Dhanuka Laboratories, one of the promoters of Orchid Pharma, proposed to sell in aggregate up to 3.3 m equity shares, representing 8% of the total equity share capital of the company.

The issue opened today for non-retail investors, and will open for retail investors on Friday.

The sale is being undertaken by the seller, inter alia, for achieving the minimum public shareholding, the company said in its notice to exchanges.

As of 31 March 2021, the promoters held 98% stake in Orchid Pharma, the shareholding pattern data shows.

Apart from that, while announcing March quarter results on 22 May 2021, Orchid said that it had developed a new molecule known as OCID-5090, which was licensed to a company named Allecra Therapeutics, this molecule was undergoing the clinical trials and the molecule has cleared the Phase 3 clinical trials.

Orchid Pharma is pioneer in cephalosporin antibiotics, research and development (R&D) focused, inventor of enmetazobactam (Phase 3 trials done in US & EU) acquired by Dhanuka Group through corporate insolvency resolution process (CIRP) process on 1 April 2020.

Orchid Pharma share price ended the day down by 10% on the BSE.

Moving on to news from the FMCG sector...

Dabur India to Set Up Largest Unit in Madhya Pradesh

Packaged consumer healthcare company Dabur announced a fresh investment of Rs 5.5 bn for a new manufacturing facility in Madhya Pradesh, which it said would be one of its largest plants in the world.

The company said in a statement the new plant, which would be involved in the production of making foods, ayurvedic medicines and health supplements would provide direct and indirect employment to 1,250 people in the first phase and over 3,000 people subsequently.

'We have a clear growth strategy, this facility will provide us space to rapidly expand production capacity for ayurvedic products and medicines, as well as innovative foods', Dabur chief executive officer Mohit Malhotra said.

Since the Covid outbreak, demand for ayurvedic products has seen rapid growth.

--- Advertisement ---
Electric Vehicles - Introducing Equitymaster's Latest Research Project

Over the last several years, a secret project has been underway at Equitymaster.

It's been a massive undertaking with some of our best research analysts devoted to it.

Collectively, hundreds of manhours have been invested in it.

And this project has revealed some shocking truths...

Despite estimated 15-times growth in just 10 years, the ordinary approach of tapping into EV opportunity may turn out to be a disaster.

Before you invest a single rupee in any EV stock, we recommend you study the results of our latest research project...

Just click here to get the details
------------------------------

Products like chyawanprash, honey, and health juices have been witnessing record growth across channels including e-commerce.

Dabur is an Indian multinational consumer goods company. It derives around 60% of its revenue from the consumer care business, 11% from the food business and remaining from the international business unit.

How this pans out remains to be seen. Meanwhile, we will keep you updated on the latest news from this space.

Dabur India share price ended the day up by 1.7% on the BSE.

Speaking of stocks, here is an illustration of the four phases that a stock goes through during its life cycle. The cycle repeats itself after the stock goes through all these for stages.


This cycle defines everything in markets. If you can master this cycle, then nothing can stop you from making huge profits.

If you're interested to know how a stock's life cycle can offer you the opportunity to make money in every phase, you can read about it in one of the recent editions of Profit Hunter: One Cycle That Defines Everything in the Markets

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


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Sensex Ends 393 Points Higher; Infosys and TCS Among Top Nifty Gainers". Click here!

  

Stock Market Updates

PHOENIX MILL at All Time High; BSE REALTY Index Up 3.0% (Today's Market)

Sep 27, 2021 01:55 PM

PHOENIX MILL share price has hit an all time high at Rs 1,031 (up 5.5%). The BSE REALTY Index is up by 3.0%. Among the top gainers in the BSE REALTY Index today are PHOENIX MILL (up 5.5%) and GODREJ PROPERTIES (up 4.5%). The top losers include MAHINDRA LIFESPACE (down 2.0%) and OMAXE (down 2.4%).

Sensex Trades Marginally Higher, Dow Futures Up by 179 Points (Today's Market)

Sep 27, 2021 12:30 pm

BSE Sensex is trading up by 63 points, while the NSE Nifty is up by 10 points.

APOLLO HOSPITALS Share Price Down by 5%; BSE 500 Index Up 0.2% (Today's Market)

Sep 27, 2021 09:59 AM

APOLLO HOSPITALS share price is trading down by 5% and its current market price is Rs 4,769. The BSE 500 is up by 0.2%. The top gainers in the BSE 500 Index are INOX LEISURE (up 9.6%) and GUJARAT NARMADA (up 7.5%). The top losers are APOLLO HOSPITALS (down 5.2%) and DHFL (down 10.0%).

RELIANCE IND. at All Time High; BSE OIL & GAS Index Up 0.9% (Today's Market)

Sep 27, 2021 09:59 AM

RELIANCE IND. share price has hit an all time high at Rs 2,512 (up 0.8%). The BSE OIL & GAS Index is up by 0.9%. Among the top gainers in the BSE OIL & GAS Index today are RELIANCE IND. (up 0.8%) and BPCL (up 1.2%). The top losers include HPCL and PETRONET LNG (down 0.1%).

Sensex, Nifty Open Higher; Automobile and Realty Stocks Lead (Today's Market)

Sep 27, 2021 09:30 am

Indian share markets open higher. The BSE Sensex opened up by 276 points, while the Nifty is trading higher by 75 points.

PHOENIX MILL Share Price Up by 5%; BSE REALTY Index Up 1.7% (Today's Market)

Sep 27, 2021 09:29 AM

PHOENIX MILL share price is trading up by 5% and its current market price is Rs 1,031. The BSE REALTY is up by 1.7%. The top gainers in the BSE REALTY Index is PHOENIX MILL (up 5.1%). The top losers are MAHINDRA LIFESPACE (down 0.1%) and OBEROI REALTY (down 1.2%).

View More Indian Share Market News

Most Popular

5 Specialty Chemical Stocks that Turned Multibaggers in One Year(Views On News)

Sep 17, 2021

These specialty chemical stocks have surged 200% or more in the last year. Do you own any?

A Rare Buying Opportunity in an Exciting Stock(Profit Hunter)

Sep 16, 2021

Whether agriculture sector goes through a structural transformation or not, this agrochemical stock has a good chance of winning.

5 Indian Companies with Over 7% in Dividend Yield(Views On News)

Sep 17, 2021

These stocks will give you better yields than bank deposits.

A Great Time to Buy ITC(Profit Hunter)

Sep 17, 2021

Is the worst over for the stock of ITC?

Top Small Caps to Buy Now(Views On News)

Sep 18, 2021

Rahul Shah on why he would invest in these unusual 20 small cap stocks

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2021
Get our special report Multibagger Stocks Guide (2021 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Sep 27, 2021 (Close)

MARKET STATS