Stock Market Updates: Sensex and Nifty open with a fall, today’s top 5 shares on which investors will be eyeing
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The Sensex was trading at a level of 65,729.58, down 116.92 points, or 0.18 per cent. While the Nifty was trading at the level of 19550.95 with a decline of 25.95 points i.e. 0.13 per cent.
The domestic stock market is showing weakness amid mixed global cues. Sensex and Nifty started in red mark in today’s trading. The Sensex was trading at a level of 65,729.58, down 116.92 points, or 0.18 per cent. While the Nifty was trading at the level of 19550.95 with a decline of 25.95 points i.e. 0.13 per cent. In today’s business, Media, Pharma and Metal indices are showing green mark on Nifty. However, most of the indices including Bank, Financial, IT and Auto are showing red mark on Nifty. Shares of DRREDDY, COALINDIA, SBILIFE, M&M, UPL are in green color i.e. in growth, while shares of HEROMOTOCO, HCLTECH, DIVISLAB, TCS, MARUTI are seen in red color i.e. weak. Today i.e. 9 August 2023, some stocks are ready to show action in a volatile market. These stocks can remain in focus in the market today. If you are looking for better stocks in intraday then you can keep an eye on these.
Adani Ports
The profit of Adani Ports and Special Economic Zone, the flagship company of Adani Group, has increased by more than 80 percent to Rs 2,119.38 crore in the June quarter of the current financial year. The profit of the company has increased mainly due to increase in income. In the same quarter of the last financial year 2022-23, the company had a profit of Rs 1,177.46 crore. The total income of Adani Ports and Special Economic Zone (APSEZ) increased to Rs 6,631.23 crore for the quarter ended June 2023 from Rs 5,526.19 crore in the year-ago quarter.
coal india
Coal India (CIL) profit fell 10 per cent to Rs 7,941.40 crore in the June quarter. The profit of the company has been decreasing mainly due to increase in expenses. In the same quarter of the previous financial year, the public sector company had earned a profit of Rs 8,834.22 crore. In a communication sent to the stock exchanges, the company said that its total income during the quarter increased by 4 per cent to Rs 37,521.03 crore as against Rs 36,086.65 crore in the same quarter of the previous financial year.
TCS
Information technology (IT) company Tata Consultancy Services (TCS) has been awarded the contract to develop the new version of the government’s public procurement platform ‘Government e-Marketplace’ (GeM). The GeM platform is an online marketplace for public sector undertakings, central and state government bodies to purchase goods and services of common use in a transparent and efficient manner.
Maruti Suzuki
Maruti Suzuki India (MIS) will issue shares on a preferential basis to Suzuki Motor Corporation (SMC) to acquire 100 per cent stake in Suzuki Motor Gujarat. MIS said that its board has approved it. The transaction is expected to increase the stake of its parent company SMC in MIS to 58.28 per cent from 56.4 per cent at present.
Tata Power
Tata Power will invest Rs 13,000 crore in two projects related to ‘Pumped Hydro Storage’ in Maharashtra. The company said that the total capacity of both the projects would be 2,800 MW. Pumped hydro storage projects (PSPs) linked to hydropower ‘pump’ water from a lower reservoir to a higher reservoir when excess power is available. The same water is used to drive turbines located at a lower level to generate electricity during times of peak demand.
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