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Sensex Trades Over 270 Points Up; HCL Tech and Infosys among Top Gainers
Tue, 8 Sep 12:30 pm | Monish Vora, TM Team

Stock markets in India are trading higher in the afternoon session. HCL Technologies and Infosys are among the top gainers today.

The BSE Sensex is trading up by 277 points.

The NSE Nifty is trading up by 67 points.

The BSE Mid Cap index is trading down by 0.1%.

While, the BSE Small Cap index is trading up by 0.3%.

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Among the sectoral indices, IT stocks are witnessing buying interest.

Telecom stocks are trading in the red.

The rupee is trading at 73.54 against the US$.

Gold prices are currently trading down by 0.2% at Rs 50,970.

If you want to know, when and how to buy gold, just visit our Youtube Playlist on gold investing. Get trading ideas on gold by India's #1 trader Vijay Bhambwani. Find out the right way to profitably trade gold now.

In the news from the IPO space.

UNLOCKED: Up to 3x More Gains During the Corona Crisis...

The IPO of Happiest Minds Technologies, which has drawn strong response from investors, was 3.9 times subscribed as of 11 am on Day 2.

Happiest Minds IPO opened on Monday and will close on Wednesday (September 9). At the end of Day 1, the Rs 7 billion IPO was 2.9 times subscribed.

Happiest Minds Technologies has raised Rs 3.2 billion from anchor investors ahead of the IPO.

The price band of the offer has been fixed at Rs 165 to Rs 166 per equity share. The offer comprises a fresh issuance of shares aggregating up to Rs 1.1 billion and an offer for sale of up to 35.6 million equity shares.

Happiest Minds shares are likely to get listed on 17 September 2020. The minimum lot size is 90, which means investors have to apply for a minimum of 90 shares and in multiples thereafter.

How the above IPO sail through remains to be seen. Meanwhile, we will keep you updated on the latest developments from this space.

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Moving on to stock specific news...

Dr. Reddy's Lab is among the top buzzing stocks today after it launched generic Fulvestrant injection, used for the treatment of advanced breast cancer, in the US market.

The company has launched Fulvestrant injection, 250 mg/5 mL (50 mg/mL) per single-dose syringe, approved by the United States Food and Drug Administration (USFDA).

The product is a generic version of Faslodex injection in the same strength

According to the IQVIA Health data, Faslodex brand and generic market had US sales of around US$ 407 million MAT for 12 months to June 2020.

Faslodex is a prescription medicine used to treat advanced breast cancer or breast cancer that has spread to other parts of the body.

At the time of writing, Dr. Reddy's share price was trading up by 0.1%.

Here's an interesting data on Dr. Reddy's Lab, investing just Rs 100,000 in Dr. Reddy's Labs in 1992, it would have given a whopping Rs 4.89 crores in 2014!

Profit Opportunities in the Rebirth of India

Co-head of Research, Tanushree Banerjee believes, the opportunities in the Rebirth of India are not only more profitable than the ones in 1991 but the gains could come faster too.

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


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Stock Market Updates

SADBHAV ENGINEERING Share Price Up by 5%; BSE CAPITAL GOODS Index Up 0.6% (Today's Market)

Oct 23, 2020 03:16 PM

SADBHAV ENGINEERING share price is trading up by 5% and its current market price is Rs 51. The BSE CAPITAL GOODS is up by 0.6%. The top gainers in the BSE CAPITAL GOODS Index is SADBHAV ENGINEERING (up 5.1%). The top losers are LAKSHMI MACHINE and BHARAT ELECTRONICS (down 0.8%).

OBEROI REALTY Share Price Down by 5%; BSE REALTY Index Down 0.9% (Today's Market)

Oct 23, 2020 03:16 PM

OBEROI REALTY share price is trading down by 5% and its current market price is Rs 482. The BSE REALTY is down by 0.9%. The top gainers in the BSE REALTY Index are MAHINDRA LIFESPACE (up 1.6%) and GODREJ PROPERTIES (up 0.7%). The top losers is OBEROI REALTY (down 5.3%).

GRINDWELL NORTON Share Price Up by 5%; BSE CAPITAL GOODS Index Up 0.8% (Today's Market)

Oct 23, 2020 03:06 PM

GRINDWELL NORTON share price is trading up by 5% and its current market price is Rs 570. The BSE CAPITAL GOODS is up by 0.8%. The top gainers in the BSE CAPITAL GOODS Index is GRINDWELL NORTON (up 5.2%). The top losers are BHARAT ELECTRONICS (down 0.3%) and THERMAX (down 0.4%).

APL APOLLO TUBES at All Time High; BSE CAPITAL GOODS Index Up 0.9% (Today's Market)

Oct 23, 2020 02:26 PM

APL APOLLO TUBES share price has hit an all time high at Rs 3,045 (up 2.5%). The BSE CAPITAL GOODS Index is up by 0.9%. Among the top gainers in the BSE CAPITAL GOODS Index today are APL APOLLO TUBES (up 2.5%) and HONEYWELL AUTOMATION (up 0.3%). The top losers include BHARAT ELECTRONICS (down 0.3%) and THERMAX (down 0.5%).

CENTRAL BANK Share Price Up by 7%; BSE BANKEX Index Down 0.1% (Today's Market)

Oct 23, 2020 02:24 PM

CENTRAL BANK share price is trading up by 7% and its current market price is Rs 11. The BSE BANKEX is down by 0.1%. The top gainers in the BSE BANKEX Index is CENTRAL BANK (up 6.8%). The top losers are SBI (down 0.2%) and FEDERAL BANK (down 0.4%).

Sensex Trades 120 Points Higher; Dow Futures Down by 47 Points (Today's Market)

Oct 23, 2020 12:30 pm

BSE Sensex is trading up by 120 points, while the NSE Nifty is trading up by 53 points.

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