Nifty and Sensex dip slightly, Tesla eyes India investment

  • Stock Market News
Nifty and Sensex dip slightly, Tesla eyes India investment
Credit: © Reuters.

MUMBAI - Indian stock markets saw mixed movements today, with some stocks reaching new highs while others dipped to lows. The Nifty edged down by 5.55 points to close at 19796.45, and the Sensex fell by 35.46 points to end at 65982.35.

In the stock-specific action, healthcare companies Cipla and Divis Labs were among the top gainers. In contrast, Apollo Hospital and Wipro (NYSE: WIT ) found themselves on the losing side. Notable highs were achieved by Onelife Capital, Compucom Soft, and Honasa Consumer, whereas Bohra Industries, Shaily Engg Pla, Karda Const, Fourth Dimension Sol, and SEL Manufact hit their lows.

The market also witnessed significant trading volumes with RattanIndia Power leading the National Stock Exchange's (NSE) volume chart. The company traded nearly three-quarters of a billion shares at ₹9.85 each, amounting to a trade value of ₹73 crore. YES Bank saw a nearly two percent decline to ₹19.80 with over six hundred million shares traded, totaling ₹126 crore in transactions.

Suzlon Energy's stock rose by over three percent to ₹40.60 on more than half a billion shares traded, valued at ₹227 crore. Meanwhile, Vodafone (NASDAQ: VOD ) Idea experienced a marginal drop to ₹13.55 with trades worth ₹68 crore.

The session's top turnover was claimed by Paytm with transactions amounting to ₹1614 crore from sales averaging ₹884 per share. Mamaearth followed with a turnover of ₹501 crore, closely trailed by HDFC Bank's ₹317 crore (INR100 crore = approx. USD12 million).

High turnovers were also noted for BHEL and Tata Motors (NYSE: TTM ), while Zomato joined the list along with SEPC and HCC due to high volumes traded.

In major investment news, Tesla (NASDAQ: TSLA ) has proposed a $2 billion factory in India contingent upon lower import duties. This move could significantly impact the Indian automotive market and contribute to economic growth if realized.

On the policy front, the government is reportedly formulating plans that will prioritize Human Development Index (HDI) and Sustainable Development Goals (SDGs) in state resource-sharing decisions.

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