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

Asian stocks opened on a flat note today in subdued trade, with few fresh market-moving events after a holiday for US bourses.

The Nikkei rose by 0.1% while the Hang Seng was up by 0.1%. The Shanghai Composite is trading higher by 0.5%.

US markets were closed on Monday on account of the Labour Day holiday.

US stocks had closed last week on a negative note on Friday, as early gains from a jobs report that showed a labour market that may be starting to loosen gave way to worries about the European gas crisis.

The Dow Jones fell by 1.1% while the tech heavy Nasdaq ended lower by 1.3%.

US futures are indicating a positive opening for US indices today.

Back home, Indian share markets are trading on a flat note.

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Benchmark indices opened in the green today following the trend on SGX Nifty. But as the session progressed, gains were erased.

At present, the BSE Sensex is trading lower by 140 points. Meanwhile, the NSE Nifty is trading down by 37 points.

NTPC and Reliance are among the top gainers today.

Nestle and UltraTech Cement are among the top losers today.

Broader markets are trading on a positive note. The BSE Mid Cap index is up by 0.5% while the BSE Small Cap index is trading higher by 0.2%.

Sectoral indices are trading on a mixed note, with stocks in the power and utilities sectors witnessing buying.

Stocks in the IT and healthcare sectors witness mild selling pressure.

Lakshmi Machine and ZF Commercial 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 editorial on the top 5 smallcap growth stocks with high ROE and ROCE.

In the commodity markets, gold and silver prices rise today. Today, gold prices are trading higher by Rs 167. Currently, gold prices are trading at Rs 50,610 per 10 grams.

Note that gold prices have fallen and have taken quite a knock in recent weeks.

Meanwhile, silver prices are trading higher at Rs 52,902 per kg. Silver price too have fallen a lot in recent days.

The rupee is trading at 79.9 against the US dollar

After getting a bird’s eye view of the market, do you want to get a full analysis on how the markets will perform today? You know how the market started but do you want to know how the markets will close today?

In the below video, Brijesh Bhatia does a complete analysis of today’s market.

In news from the media sector, Zee Entertainment share price is falling.

On Tuesday last week Zee Entertainment announced that that it has agreed with Disney Star to exclusively broadcast on TV the ICC Men’s events including the ICC Men’s T20 World Cup (2024, 2026), ICC Men’s Champions Trophy 2025, and ICC Men’s Cricket World Cup 2027.

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This should have brought a wave of happiness to the investors and Zee’s share price.

However, that did not happen. In fact, the company’s share price is falling on the bourses.

Take a look at the chart below.

To know more about Zee Entertainment share price read our editorial on why Zee Entertainment share price is falling.

Further in news from the auto sector, Tata Motors to make some investments.

India’s largest commercial vehicle maker, is investing up to Rs 40 bn in the next two years to revamp and rationalise its product portfolio and introduce cleaner powertrains, seeking to meet future emission norms of the industry that appears to be on course to scaling a fresh peak in sales volumes.The company will be rolling out new flexible vehicle architectures starting April 2023; these will not only meet the upcoming real driving emission norms, but the same product platform will also be able to serve the needs for diesel, gas and electric vehicles.

Girish Wagh, ED, Tata Motors, told ET that with a current product portfolio revamp plan, the vehicle architectures will be rationalised by 30%; yet the new generation platforms will be able to deliver more varied product offerings to suit an individual customer’s needs.

The company on Monday unveiled a range of products in the intermediate, medium and heavy commercial vehicle segment by adding CNG options in the bigger trucks segment and addition of advanced driver assistance technology in trucks.

This makes its range cleaner and safer – the attributes that have helped its passenger vehicle business differentiate itself from rivals.

Speaking of Tata Motors, Tata group has been leading the EV revolution. To know more about EV and Tata read our editorial on how the Tata Group is riding India’s EV revolution.

Further in news from the pharma sector, Cipla and Torrent Pharma are in a competition.

Cipla, KKR-owned JB Chemicals and Torrent Pharmaceuticals are in the final race for acquiring Medley Pharmaceuticals in a deal worth around Rs 45 bn, said people aware of the development.

Half a dozen bids were in for Medley, including bids from 2-3 private equity funds.

However, the pharma majors offered a higher price, in the range of Rs 45 bn, and have made the cut following the non-binding bid submissions, said the people. Cipla is the most aggressive in its pursuit, said one of them.

Kotak Mahindra Capital is advising Medley’s promoters.

Since you are interested in pharma sector, you might be interested in our editorial on top 4 pharma stocks to add to your watchlist.

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,

Read the latest Market Commentary

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

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( With inputs from equitymaster)