After opening the day on firm footing, Indian share markets pared some gains towards the end of the trading session owing to heavy selling pressure and ends the day higher.

Benchmark indices ended in green with the key benchmark indices scaling record peaks led by strong gains in IT shares post TCS Q1 results. Positive global cues following the dip in US retail inflation also aided the sentiment.

At the closing bell, the BSE Sensex stood higher by 165 points (up 0.3%).

Meanwhile, the NSE Nifty closed up by 30 points (up 0.2%).

TCS and Hindalco were among the top gainers today.

Coal India and UPL on the other hand, were among the top losers today.

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

The SGX Nifty was trading at 19,489, down by 75 points, at the time of writing.

Broader markets are trading on a negative note. The BSE Mid Cap index is trading 0.6% lower and the BSE Small Cap index is trading 0.5% lower.

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

On the other hand, stocks from the power sector and auto sector witnessed selling pressure.

Shares of Info edge and Polycab India hit their 52-week highs today.

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

Asian stock markets ended on a positive note. The Nikkei ended higher by 1.5%, while the Hang Seng ended 2.6% higher. The Shanghai Composite ended 1.3% lower.

The rupee is trading at 82.10 against the US$.

Gold prices for the latest contract on MCX are trading higher by 0.1% at Rs 59,272 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading 0.5% higher at Rs 73,902 per kg.
 

L&T supplies Chandrayaan-3 components

In news from the engineering sector, Larsen & Toubro (L&T), on Thursday, announced that it has supplied various components for India's moon mission Chandrayaan-3.

Components like middle segment and nozzle bucket flange were manufactured at its facility in Powai, while components like ground and flight umbilical plates were from the company's aerospace manufacturing facility at Coimbatore.

The space sector is opening up for the Indian industry, and we will leverage this long association with ISRO to play a bigger role in space programmes of the future.

All these subsystems have been delivered ahead of schedule.

L&T was further involved in the production of a range of hardware for Chandrayaan-1 and 2, Gaganyaan and Mangalyaan missions of ISRO. India's third lunar mission Chandrayaan-3.

L&T is a US$ 23 bn multinational engaged in engineering procurement and construction (EPC) projects, hi-tech manufacturing, and services in over 50 countries.

Note that L&T has rewarded investors with 10 bonuses over the last 7 decades and the CAGR over the last 20 years stands at an impressive 25.6%.

L&T has been an investor's favourite stock for a long time and also a stock that makes it to the top 5 infrastructure stocks.

In line with its commitment to a sustainable future, L&T is poised to make significant strides in the green hydrogen landscape. 
 

Vedanta invites investment in semiconductors

Moving on to news form the mining sector, Vedanta Group Chairman Anil Agarwal on Thursday said that the company is 100% committed to producing semiconductors for which it has lined up partners. He calls India a land of opportunities with huge potential.

The tweet highlights the challenges the multinational mining company faces as it has forayed into the semiconductor business.

Vedanta Group's new ambitious semiconductor venture received a setback with the collapse of its joint venture (JV) with Hon Hai Technology Group, widely known as Foxconn. However, Vedanta plans to proceed with its semiconductor business venture despite Foxconn pulling out.

Agarwal went on to reiterate his commitment to transforming India into a semiconductor and display glass manufacturing hub. At the same time, he urged companies all over the world to invest in the sector, citing the huge potential India has.

The chairman also expressed gratitude towards his team and the government for taking proactive steps towards self-sufficiency in manufacturing semiconductor chips and display glass, the two sectors in which India and many other countries rely on China.

The mining industry veteran ended his tweet by claiming that India is unstoppable and said that the country will build another silicon valley here.

Also, as China tries to move up the technology supply chain with advanced chips, the US is getting wary, which makes semiconductors the top Indian megatrend.
 

Godrej Properties to develop luxury homes in Gurugram

Moving on to news from the realty sector, realty firm Godrej Properties on Thursday won a bid to acquire two plots totalling 8 acres in Gurugram to develop luxury housing projects with a potential sales revenue of Rs 31 bn.

The company has emerged as the highest bidder and secured the letter of intent to develop two group housing plots through an e-auction conducted by Haryana Shehri Vikash Pradhikaran (HSVP).

These two plots are located on Golf Course Road micro market, and the company will develop luxury housing projects.

Godrej Properties did not disclose the total purchase amount for these two residential plots.

Godrej Properties, an arm of business conglomerate Godrej Group, is one of the leading real estate developers in the country.

The company has been aggressively buying land parcels in recent times compared to its asset-light development model all these years. 

Being the biggest beneficiaries of a turnaround in the realty sector, Godrej Properties stand among the top 4 real Estate stocks in India.

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