Sensex Gains 105 Points, Nifty Ends Near 17,850; Tech Mahindra, Infosys, & Adani Ports Top Gainers

Fri, 9 Sep Closing

   Previous Close   

   Pre-Open   

   10:30 am   

   Closing   

After opening on a strong note, Indian share markets pared gains as the session progressed and ended marginally higher.

Benchmark indices took positive cues from global market, where stocks rose as investors digested the hawkish remark from the Fed and the ECB's biggest ever hike in its key interest rate.

Adding to sentiment were falling crude oil prices and a decline in domestic bond yields.

At the closing bell, the BSE Sensex stood higher by 104 points.

Meanwhile, the NSE Nifty closed up by 34 points.

Tech Mahindra, IndusInd Bank, and Infosys were among the top gainers today.

UltraTech Cement, Mahindra & Mahindra, and HDFC Life on the other hand, were among the top losers today.

The SGX Nifty was trading at 17,852, up by 32 points, at the time of writing.

The broader markets ended on a mixed note. The BSE Mid Cap index and the BSE Small Cap index ended higher by 0.2%.

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

On the other hand, stocks in the telecom sector, power sector and realty sector witnessed selling pressure.

Metal stocks were falling for months but now the scenario has changed. The top metal stocks in India is what you should look at as they will be prime beneficiaries of any PLI scheme.

Shares of Bajaj Holdings & Investment, Vinati Organics and SKF India hit their 52-week high today.

Since you're interested in high flying stocks, check out our guide on how to pick the best multibagger stocks in 2022.

Also check out our detailed dividend comparison piece on Vedanta vs NALCO.

The reason we say this is because dividend investing is an evergreen strategy in the stock markets and will continue to prevail in the years to come, but it is more so relevant in the current environment where uncertainty is ruling the stock market.

Outside the home ground, Asian share markets ended on a strong note.

At the close in Tokyo, the Nikkei ended on a positive note up by 0.5% while the Hang Seng jumped 2.7%. The Shanghai Composite ended higher by 0.8%.

US stock futures are trading on a positive note with Dow Jones futures trading up by 0.7%.

The rupee is trading at 79.5 against the US$.

Gold prices are currently trading up by 0.6% at Rs 50,356 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading higher by 1.2% at Rs 54,281 per kg.

Speaking of stock markets, Rahul Shah talks about Tata Elxsi's performance in the current bull rally, in his latest video.

From its bottom in March 2020 to the top in August 2022, the stock has been a whopping 20-bagger, but what lies ahead for this high-quality stock?

Tune in to know the answer.

In news from the power sector, NTPC share price was in focus today.

NTPC gains 1.5% after ink pact with Indian Army to supply renewable energy.

NTPC shares hovered near all-time high today as the Army's Western Command today signed a long-term agreement with NTPC to draw 25 MW of solar power directly from the national solar grid of the country for the next 27 years.

This marks the first agreement by the Indian Armed Forces to source power from renewable energy.

Under the deal, NTPC will supply to the Military Engineering Services, a construction and maintenance agency, and one of the pillars of Corps of Engineers of the Indian Army that provides rear line engineering support to the Armed Forces.

The solar energy being provided to Western Command will be sourced from Sholapur in Maharashtra.

Apart from accruing a substantial saving to the exchequer, the move will also decarbonize up to 38% of the energy portfolio of the Western Command.

This initiative aligns the command to the National Solar Mission of the government and weans it away from archaic coal-based thermal energy being provisioned so far at higher tariffs.

NTPC is one of the leading green hydrogen companies in India.

It also plans to set up its first green hydrogen fuelling station in Leh, Ladakh. It will ply 5 hydrogen buses, to start with.

Despite the prevailing market volatility, NTPC share price has gained 32.7% on YTD basis. Have a look at its YTD performance.

To know more, check out NTPC's news and analysis.

Moving on to news from the engineering sector, PNC Infratech was among the top buzzing stocks today.

Share price of HYPERLINK "https://www.equitymaster.com/share-price/PNCI/PNCINFRA-539150/PNC-INFRATECH-Share-Price" HYPERLINK "04%2030%20mcom%20(22nd%20July'22).docx" PNC Infratech jumped over 6% intraday today as company bagged Rs 14 bn order from NHAI.

PNC Infratech signed a concession agreement between NHAI and Sonauli Gorakhpur Highways, a Special Purpose Vehicle incorporated by the company to implement the Hybrid Annuity Mode (HAM) project.

The Rs 14.6 bn Uttar Pradesh highway construction project is around 79 kilometers in length and is estimated to be constructed in 24 months, upon an appointed date and operated for 15 years, post construction.

Commenting on it, PNC Infratech in exchange filling said,

PNC Infratech Limited informs of signing of concession agreement between National Highways Authority of India and the Special Purpose Vehicle incorporated by the Company for implementation of the following HAM project package on 8 September 2022.

The management has retained their revenue growth guidance at 15% for FY23 on the back of a healthy pace of execution and hopes of higher supply orders from Uttar Pradesh.

Besides, the company foresees margins in the range of 13 to 13.5% in FY23 post moderation of key input prices.  It expects an order inflow of Rs 1 bn in 2023.

PNC Infratech Limited is a smallcap company in India. It is engaged in India's infrastructure development through the construction of highways including BOT (built operate and transfer projects) airport runways bridges flyovers and power transmission projects among others.

Since small-cap stocks interest you, here's a proven approach on investing in small-cap stocks.

And 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