The BSE Sensex, which closed at 78,699 in the previous session, started at 78,637 today. It touched an intraday low of 78,077. It reached an intraday high of 79,092. Finally, it closed at 78,248 with a loss of 450 points. The NSE Nifty, which opened at 23,796 on Monday, touched a low of 23,599 and a high of 23,915. It closed at 23,644, down 168 points. The Bank Nifty, meanwhile, fell 358 points to settle at 50,952.
In the Nifty50, 11 companies gained while 38 lost. Adani Enterprises, Tech Mahindra, HCL Tech, IndusInd Bank, Shriram Finance were the top gainers. Hindalco, Tata Motors, Trent, BEL, Wipro lost the most. FMCG, IT, Pharma, Healthcare, and Consumer Durables indices rose today. Bank, auto, finance, media, metal, realty, oil and gas indices rose.
Market breadth on NSE today was in favour of sellers. Of the 2942 shares traded, 947 gained and 1913 lost. Shares of 69 companies hit 52-week highs while 97 hit 52-week lows. Rupee settled flat at 85.54 against the dollar. KEC International received orders worth Rs 1073 crore from various companies. Nifty Pharma index surged. Shares of Biocon, Lupin and JB Chemicals rose by 3-4%. Adani Enterprises rose by 7% as brokerages gave buy calls with a target price of Rs 3801. Rocking deals to invest Rs 100 crore for growth. India-Australia trade has become more diversified after the trade agreement was signed in 2022. Heavy trades were made in Graves Cotton, Hindalco, and CDSL. Vodafone Idea shares rose 5% after the government waived off bank guarantees from the old spectrum auction. IOL Chemicals shares rose 5% after the board approved the share split. Adani Group stocks surged today. Ola Electric shares fell 3% after the resignation of CMO and CTO.
1. Persistent Systems Ltd.
Persistent Systems is a global software and technology services company specializing in digital business acceleration, enterprise modernization, and product engineering. Persistent Systems has been a top performer, with its stock price appreciating significantly over the past year. It was among the top gainers in the BSE A Group, reflecting strong market confidence. The company's focus on digital transformation services positions it well to capitalize on the increasing demand for such solutions across various industries.
2. Voltas Ltd.
Voltas is a leading Indian multinational company specializing in air conditioning and cooling technology. It operates in various segments, including Unitary Cooling Products, Electro-Mechanical Projects, and Engineering Products and Services. Voltas holds a strong position in the Indian air conditioning market, benefiting from its extensive distribution network and brand reputation. The increasing demand for cooling solutions in India, driven by rising temperatures and improving living standards, presents significant growth opportunities for Voltas.
3. The Indian Hotels Company Limited (IHCL)
The company has shown a strong recovery post-pandemic, with increasing occupancy rates and average room revenues contributing to improved financial performance. IHCL's flagship brand, Taj, is renowned for its luxury offerings, and the company has been expanding its presence in both domestic and international markets. With the revival of the travel and tourism industry, IHCL is poised to benefit from increased travel demand, both leisure and business, alongside its strategic expansion plans.
4. Indus Towers Limited
Indus Towers is one of the world's largest telecom tower companies, providing passive infrastructure services to all telecom operators in India. The company has maintained steady revenue streams through long-term contracts with telecom operators, ensuring consistent cash flows. Indus Towers plays a critical role in India's telecom infrastructure, supporting the rapidly growing data consumption and network expansion needs. With the rollout of 5G technology and increasing smartphone penetration, Indus Towers is well-positioned to capitalize on the expanding telecom infrastructure requirements.
5. Marico Limited
Marico has consistently delivered strong financial results, with steady revenue growth and healthy profit margins, driven by its diversified product portfolio and strong brand equity. The company holds significant market share in the hair oil and edible oil segments, with a growing presence in the health foods and male grooming categories. Marico's focus on innovation, expanding rural reach, and increasing penetration in emerging categories positions it well for sustained growth in the FMCG sector.
