Sensex Today Ends 152 Points Higher

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After opening the day on a positive note, the Indian share market continued its momentum as the session progressed and ended higher.

Equity markets extended gains for the third day in a row, as pharma, FMCG, and select IT stocks logged steady gains in trades on Tuesday. Aggressive buying by domestic funds in the last two trading sessions aided the market sentiment.

At the closing bell, the BSE Sensex stood higher by 152 points (up 0.2%).

Meanwhile, the NSE Nifty closed higher by 46 points (up 0.2%).

Apollo Hospital & Sun Pharma were among the top gainers today.

Maruti Suzuki and Eicher motors were among the top losers today.

Check out the NSE Nifty heatmap to get the complete list of gainers and losers.

The Gift Nifty was trading at 19,661, up by 62 points, at the time of writing.

Broader markets ended on a positive note. The BSE Midcap index ended 1% up and the BSE SmallCap index ended 0.6% higher.

Sectoral indices ended on a mixed note with stocks in the energy sector and the realty sector witnessing most of the buying.

On the other hand, stocks from the banking sector and financial sector witnessed selling pressure.

Shares of L&T Technology and Coforge hit their 52-week highs today.

Now track the biggest movers of the stock market using the stocks to watch today section. This should help you keep updated with the latest developments...

Asian share markets ended on a negative note. The Nikkei ended 0.3% higher and Hang Seng ended 2.1% lower while the Shanghai Composite ended 0.7% lower.

The rupee is trading at 83.05 against the US$.

Gold prices for the latest contract on MCX are trading marginally lower at Rs 59,340 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading lower by 1.5% at Rs 73,426 per kg.
 

TCS partners Lantmannen

In news from the IT sector, India's largest IT services provider Tata Consultancy Services on Tuesday announced that it has been selected as a strategic partner by Sweden's Lantmannen Ekonomisk Forening (Lantmännen) to transform the company's IT infrastructure.

Under the agreement, TCS will provide digital workplace services and help transform the IT infrastructure of Lantmannen, the company said in an exchange announcement.

The financial components of the deal were not disclosed.

Sweden-based Lantmannen is a leading agriculture, machinery, bioenergy, and food products company in Northern Europe.

TCS will harmonize Lantmannen's digital workplace to support secure and efficient hybrid working for all users. It will also transform Lantmannen's global service desk with TCS' digital experience suite.

The Indian IT services company will leverage its local presence in Sweden and across the Nordics, to deliver services.

TCS has created phenomenal wealth for its shareholders since its listing in 2004 and has always been among the most admired companies in India.

If you had invested Rs 1 lakh in TCS shares at the issue price of Rs 850 in the IPO in 2004, the value of that investment today would be around Rs 3,176,000, a return of almost 3,000% in August 2022.

This makes TCS one of India's 7 Most Favourite Stocks.
 

Angel One August client base soars

Moving on to news from the finance sector, Angel One on 5 September said that its gross client acquisitions for August surged 64.9% over the last year and 19% over the last month to 7.3 lakhs.

The company's client base consequently increased 46.3% on-year and 4.5% on-month to 16.4 m in August.

The broking firm's overall average daily turnover (ADTO) came in at Rs 28.4 tn in August, up 129.3% YoY.

Of this, the company's ADTO from the F&O segment stood at Rs 27.99 tn, up 131% YoY.

The company's retail turnover market share in the overall equity segment was 25.9% in August against 26% a month back and 21.5% a year ago.

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From innovative disruptors to emerging industry leaders, Angel One has caught the attention of astute investors seeking to capitalize on the future's opportunities.

This makes Angel one of the top 5 Smallcap Stocks that Could Be Massive Long-Term Winners
 

Dilip Buildcon-Patel Engineering bags water project

In the news from the real estate sector, Dilip Buildcon through Dilip Buildcon Limited - Patel Engineering has received a letter of acceptance (LOA) for a drinking water project in Madhya Pradesh.

The contract includes engineering, procurement, construction, testing, commissioning, trial run, and operation and maintenance for 10 years of Narmada-Gambhir, District Ujjain, and Indore multi-village drinking water supply scheme in a single package on a 'Turn-key Job Basis'. The project, worth Rs 12.8 bn, is located in Ujjain and Indore, Madhya Pradesh (MP), and will be executed in a Joint Venture.

The contract is expected to be completed within 24 months from the commencement date and also includes operation and maintenance (O&M) to be carried out for 10 years.

The Narmada-Gambhir Drinking Water Supply Project would help in solving the shortage of water supply in various villages in the districts of Ujjain and Indore.

When it comes to real estate stocks, you need to be very careful about the management quality. Poor accounting and lack of corporate governance have been the reason for many large realty companies performing poorly in the past.

Also, a big drag on real estate players is high debt. So you need to check the debt-to-equity ratio.


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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity ...

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