Stock Market Update: Sensex Trades Marginally Higher | Nifty Above 23,700 | Mazagon Dock Shipbuilders Jumps 4%

Stocks in Asia fell as Federal Reserve officials said they wanted more evidence of cooling inflation before lowering interest rates. Equity benchmarks edged lower in Australia and South Korea, while those in Japan steadied. A rebound in Nvidia shares led the S&P 500 and Nasdaq Composite higher on Tuesday, a day after a sell-off in the chipmaking giant.

At present, the BSE Sensex is trading 15 points higher and NSE Nifty is trading 13 points lower. ICICI Bank, L&T, and BPCL are among the top gainers today, while Hindalco, Apollo Hospital, and Bajaj Auto are among the top losers.

Sectoral indices are trading mixed today, with stocks in the telecom sector and capital goods sector witnessing the most buying. Meanwhile, stocks in the metal sector and realty sector are witnessing selling pressure. The rupee is trading at Rs 83.45 against the US dollar.

In commodity markets, gold prices are trading 0.3% lower at Rs 71,614 per 10 grams today. Mazagon Dock Shipbuilders has received “Navratna” status by the Department of Public Enterprises, becoming the country’s 18th PSU to have been accorded this status.

NTPC is considering a proposal to raise up to Rs 120 billion through the issuance of bonds. The company recently reported a total income of Rs 1,811.7 billion for FY24, with a PAT of Rs 213.3 billion.

IDBI Bank has extended the special deposit fixed deposit deadline and added new tenures with increased FD interest rates. Yes Bank will consider raising funds by issuing debt securities through various modes.

For more updates on the Indian stock market and to track the biggest movers, check out the latest share market updates. Stay informed and make wise investment decisions in this dynamic market environment.