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<ul><li>The 30-share BSE index was trading 0.27% lower, while the Nifty50 was down 30 points at 9:56 am.</li><li>These were the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock market index Sensex and Nifty opened lower on Thursday, tracking weak cues from global markets and dragged down by banking and IT stocks. The 30-share BSE index was trading 0.27% lower, while the Nifty50 was down 30 points at 9:56 am. These were the top losers and gainers in the Nifty pack: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HCL Tech </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hindalco </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zee Entertainment Limited </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ICICI Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Grasim </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tech Mahindra </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dr Reddy </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kotak Bank </td></tr></tbody></table>*as of September 17, 9:50 am These are the top stocks that are buzzing in trade today. HCL Tech shares gain over 3% The shares of IT giant HCL Tech were trading 3% higher after it <a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/a393df27-d142-4bcc-be72-ea6071e6cacc.pdf">announced the expansion </a>of its strategic partnership with Google Cloud to bring HCL’s Actian portfolio, starting with Actian Avalanche, to Google Cloud. Dr Reddy's Laboratories trade 2% higher Dr Reddy's stocks gained for the second day in a row after Russia's sovereign wealth fund said that it would supply 100 million doses of the Sputnik-V COVID-19 vaccine to Dr Reddy's Laboratories after it receives regulatory approval in India. HSIL shares rally 8% The shares of Hindustan Sanitaryware &amp; Industries Limited (HSIL) were trading 8%. The company’s board is slated to meet on September 21 to consider the proposal of buyback of the fully paid-up equity shares. Tata Power shares up 2% The shares of Tata Power gained 2% after it submitted bids for three discoms in Odisha that were looking for privatisation. The bids were called earlier this year for Western, Southern, and Northern Electricity Supply Companies, namely <a href="https://www.business-standard.com/article/companies/tata-power-india-power-corporation-submit-bids-for-three-discoms-in-odisha-120091602154_1.html">WESCO, SOUTHCO and NESCO</a>. Dhanuka Agritech shares jump 6% The shares of Dhanuka Agritech were up 6% after the company board approved buyback of up to 10 lakh equity shares at a price of ₹1,000 apiece for an aggregate amount not exceeding ₹100 crore. The board has fixed September 28 as the Record Date for determining the entitlement and the names of shareholders who will be eligible for the Buy-Back. Grasim Industries shares gain 3% Grasim Industries gained 3% after the company promoter IGH Holdings acquired 43.5 lakh shares from September 10 to September 11. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/muthoot-finance-says-this-years-growth-is-likely-to-exceed-guidance/articleshow/78159469.cms">EXCLUSIVE: Muthoot Finance says this year's growth is likely to exceed guidance</a> <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-hcl-infosys-happiest-minds-tech-indigo-spicejet-bharat-petroleum-hindustan-petroleum-and-more/articleshow/78158942.cms">Top stocks to watch— HCL, Infosys, Happiest Minds Tech, IndiGo, SpiceJet, Bharat Petroleum, Hindustan Petroleum, and more</a>

Top stock movers — HCL Tech, Dr Reddy’s, HSIL, Tata Power, Dhanuka Agritech, Grasim and more

It is a known fact that India is an agrarian economy. No wonder, agriculture remains one of the key focus areas for the Indian Finance Minister while drafting the yearly budget. Do you know what his plans for this industry are this year? Well, the industry doesn’t know that either. We got in touch with few industry experts to know what their expectations are from the <keyword id="2549811" type="UNKNOWN" weightage="20" keywordseo="Budget-2015">Budget 2015</keyword>, and here they are. 
	 
	Reforms 
	 
	People in this industry are hoping that with an increasing focus on developing agriculture sector to meet the food security demand in the country, the government will also introduce reforms in agricultural practices. 
	 MK Dhanuka, managing director, <keyword id="282018" type="COMPANY" weightage="20" keywordseo="Dhanuka-Agritech-Limited">Dhanuka Agritech Limited</keyword>, told BI, “Lack of technical know-how and awareness of superior farm inputs, among farmers is another challenge. Government has attempted several approaches specially targeting marginal farmers; however present dismal state of farmers shows lack of effective implementation of these schemes. Major overhaul of the sector is the need of hour.” 
	 
	He further added that the government should take several initiatives to educate farmers about the importance of different pesticides and chemicals for better productivity. “Plant protection chemicals play an important role in reducing wastage and losses of food. It is an important farm input. Sadly, the yield per hectare in India is much lower, compared to developed countries. Every year, crops worth crores of rupees are wasted due to pest attacks and diseases,” noted Dhanuka. 
	 
	Financial assistance 
	 
	The sector has been facing severe credit crunch since the beginning and players in this industry have time and again emphasized on the need for more pro-active measure to boost financial assistance to the farmers. “Agricultural credit is another area of concern. Rural areas have very low penetration of institutional financial credit,” stated Dhanuka. 
	 Besides, the sector has also failed to attract any substantial investments in recent times. Even Sandeep Sabharwal, CEO of <keyword id="2726881" type="UNKNOWN" weightage="20" keywordseo="SLCM-Group">SLCM Group</keyword>, an agri logistics and warehousing company, agreed with the fact. He said, “There has been an ever standing demand for efficient infrastructure to control the post harvest losses in the agriculture sector. It is extremely significant to augment post harvest logistics to encourage enterprises by subsidizing the sector which in turn will empower the stakeholders. It is tragic that despite of strong dependence on agriculture sector, it accounts for only 16% of our GDP. The importance of Agriculture in India can be summarized by the fact that more than 58% of the population of India is still associated with the agriculture domain.” 
	 
	Cut in excise duty 
	 

	The industry has also demanded a cut in the excise duty for agrochemicals in order to support better yield and make it more accessible for the farmers. “Current government’s commitment towards GST implementation and improving overall infrastructure will have far reaching impact on the agriculture industry. These steps will not only help in creating a better business environment, but also improve the profitability from the farm produces.
 
Image: Indiatimes.com

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