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Stock Market Today: Nifty 50, Sensex end flat after Contact with New Record Highs.

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Stock Market Today: The Sensex closed 20 points, or 0.03 percent, lower at 75,390.50, while the Nifty 50 fell 25 points, or 0.11 percent, to 22,932.45.

Stock market today: Indian stock market benchmarks, the Nifty 50 and the Sensex, closed flat after reaching new intraday highs on Monday, May 27, on profit booking at higher levels amid mixed global indications.

After beginning higher, the Sensex and Nifty 50 reached new all-time highs of 76,009.68 and 23,110.80, respectively, during the session. Both indices, however, failed to maintain gains, and profit-taking at higher levels resulted in minor losses.

Also Read Awfis Space Solutions IPO GMP Review the Subscription Status. Apply or not, as the offer Period is Coming to a Close soon?

The Sensex completed the day 20 points lower, or 0.03 percent, at 75,390.50, while the Nifty 50 fell 25 points, or 0.11 percent, to 22,932.45.

Heavyweight stocks including Reliance Industries, ITC, and Mahindra ended up being the Nifty 50’s top drags. In contrast, the index received the most support from HDFC Bank, Axis Bank, and Larsen & Toubro.

Stock Market LIVE Updates: Sensex, Gift Nifty at Fresh Record High; Nazara Tech Founder Sells Share in Block Deal.

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Sensex Today – Stock Market LIVE Updates: The Gift Nifty saw big gains from Divis Labs, Adani Ports, Hindalco, NTPC, and Tata Steel, while Adani Enterprises, Wipro, Eicher Motors, Hero MotoCorp, and Dr Reddy’s Labs fell.

IndexPricesChangeChange%
Sensex75,554.67144.28+0.19%
Nifty 5022,985.4528.35+0.12%
Nifty Bank49,253.55281.90+0.58%

CategoryStock/SectorPricesChangeChange%
Biggest GainerDivis Labs4,351.40229.00+5.56%
Biggest LoserAdani Enterpris3,294.70-90.25-2.67%
Best SectorNifty Pharma19,304.00184.50+0.96%
Worst SectorNifty Energy41,363.40-271.30-0.65%

Sensex Today | Nifty Media down nearly 1 %; DB Corp, Dish TV fall 2-4%

CompanyCMPChg(%)Volume
DB Corp279.15-4.6116.88k
Dish TV16.70-2.346.31m
Sun TV Network653.85-1.72169.42k
TV18 Broadcast43.75-1.691.23m
Zee Entertain149.20-1.625.08m
Network 1881.65-0.67182.50k
PVR INOX1,334.30-0.3592.50k

Commodity Check | Gold recovers from two-week low as traders await US inflation data.

Gold prices rose on Monday, recovering from a two-week low set the previous session, as traders assessed diminishing chances for US interest rate reduction ahead of a key inflation report anticipated later this week.

Spot gold was up 0.5% at $2,346.31 per ounce after reaching its lowest level since May 9 at $2,325.19 on Friday. U.S. gold futures increased 0.6% to $2,347.60.

Bullion peaked at $2,449.89 last week, but has since fallen by more than $100.

Jefferies keeps hold rating on Ashok Leyland, target raises to Rs 205

  • 1 Q4 EBITDA/PAT grew 25-36 percent YoY and 9-14 percent above estimate.
  • 2 India’s truck industry growth has moderated from 45 percent CAGR over FY21-23 to flat in FY24. 
  • 3 Expect a capex-led economic cycle to fuel demand growth ahead. 
  • 4 Company’s improving margin trajectory. 
  • 5 Expect stock to be rangebound until demand visibility improves. 
  • 6 Stock is already at 5.2x FY25 PB on consensus versus last cycle peak of 5.8x.

Karnataka Bank shares fall as Q4 profit dips 22%

1 Profit tanks 22.5 percent to Rs 274.2 crore Vs Rs 353.8 crore
2 Net interest income declines 3 percent to Rs 834 crore Vs Rs 860 crore
3 Pre-Provision Operating Profit drops 27.1 percent to Rs 499.8 crore Vs Rs 685.8 crore
4 Provisions down 27 percent at Rs 184.7 crore Vs Rs 253.3 crore
5 Net NPA rises to 1.58 percent Vs 1.55 percent (QoQ)
6 Gross NPA drops to 3.53 percent Vs 3.64 percent (QoQ)

Sensex Today | Tera Software, MM Forgings, among others witness huge volume surge

CompanyCMPChg(%)Today Vol5D Avg VolVol Chg(%)
Tera Software59.7516.02%225.38k13,657.401,550.00
Tridhya Tech34.9017.11%117.00k9,600.001,119.00
Ahlada Engineer151.8020.00%650.71k68,068.00856.00
MM Forgings1,230.009.11%227.11k36,593.60521.00
Nazara619.850.90%555.88k92,737.40499.00
Vaidya Sane Ayu150.50-16.83%26.80k4,720.00468.00
Krishna Defence515.6513.22%174.50k31,800.00449.00
Astra Microwave896.2012.03%2.65m575,102.60360.00
DOMS Industries1,874.403.93%196.04k43,966.60346.00
Glenmark1,106.406.80%1.68m417,702.60302.00

Bosch shares rise 2% on better Q4 numbers

1 Profit grows 41.5 percent to Rs 564.4 crore Vs Rs 398.9 crore
2 Revenue increases 4.2 percent to Rs 4,233.4 crore Vs Rs 4,063.4 crore
3 Board recommends a final dividend of Rs 170 per share

NTPC shares trade flat post Q4 earnings

1 Profit falls 2 percent to Rs 5,556.4 crore Vs Rs 5,672.3 crore
2 Revenue rises 2.9 percent to Rs 42,532.2 crore Vs Rs 41,317.9 crore

Q4 (Consolidated YoY)

1 Profit surges 33 percent to Rs 6,490 crore Vs Rs 4,871.6 crore
2 Revenue increases 7.6 percent to Rs 47,622 crore Vs Rs 44,253.2 crore
3 Other income more than doubled to Rs 1,194.5 crore Vs Rs 491.8 crore
4 Board recommends the final dividend at Rs 3.25 per share

Nifty Bank index up 0.4%; IndusInd Bank, PNB, HDFC Bank among major gainers

CompanyCMP (₹)Chg (%)Volume
IndusInd Bank1,456.701.03186.31k
PNB127.450.793.21m
HDFC Bank1,528.950.771.28m
Bandhan Bank187.700.75884.88k
AU Small Finance624.950.69341.05k
Kotak Mahindra1,712.800.55248.73k
Federal Bank164.150.431.31m
SBI831.450.36853.38k
Bank of Baroda269.650.261.27m
Axis Bank1,175.250.11742.75k

Torrent Pharma shares rise 4% as profit surges 56%

1 Q4v Profit surges 56.4 percent to Rs 449 crore Vs Rs 287 crore
2 Q4 Revenue grows 10.2 percent to Rs 2,745 crore Vs Rs 2,491 crore

Gainers and Losers on the BSE Sensex in the early trade

SENSEX Market Map

4.88 million shares of Nazara Technologies trade in a bunch: Bloomberg

Founder Mitter Infotech sold 6.38 percent stake via block to existing investor, Plutus

Cochin Shipyard shares gain 6% as Q4 profits up 558%

1 Profit spikes 558.1 percent to Rs 258.88 crore Vs Rs 39.3 crore
2 Revenue jumps 114.3 percent to Rs 1,286 crore Vs Rs 600 crore

United Spirits shares gain on better Q4 earnings

1 Profit jumps 136.3 percent to Rs 241 crore Vs Rs 102 crore
2 Revenue (excluding excise duty) climbs 11.2 percent to Rs 2,783 crore Vs Rs 2,503 crore
3 EBITDA rises 42.1 percent to Rs 334 crore Vs Rs 235 crore
4 EBITDA margin expands 260 bps to 12 percent Vs 9.4 percent

Opening Bell | Nifty opens above 23,000

1 Q4 EBITDA/PAT grew 25-36 percent YoY and 9-14 percent above estimate.

2 India’s truck industry growth has moderated from 45 percent CAGR over FY21-23 to flat in FY24. 

3 Expect a capex-led economic cycle to fuel demand growth ahead. 

4 Company’s improving margin trajectory. 

5 Expect stock to be rangebound until demand visibility improves. 

6 Stock is already at 5.2x FY25 PB on consensus versus last cycle peak of 5.8x.

On May 27, the Indian benchmark indices opened higher, with the Nifty trading above 23,00.

The Sensex rose 214.20 points, or 0.28 percent, to 75,624.59, while the Nifty advanced 57.40 points, or 0.25 percent, to 23,014.50. About 1806 shares rose, 746 fell, and 165 remained constant.

The Nifty saw big gains from Divis Labs, Adani Ports, Hindalco, NTPC, and Tata Steel, while Adani Enterprises, Wipro, Eicher Motors, Hero MotoCorp, and Dr Reddy’s Labs fell.

Sensex Today | Market to witness volatility, says Prashanth Tapse, Senior VP (Research), Mehta Equities

  • Q4 EBITDA/PAT grew 25-36 percent YoY and 9-14 percent above estimate.
  • India’s truck industry growth has moderated from 45 percent CAGR over FY21-23 to flat in FY24. 
  • Expect a capex-led economic cycle to fuel demand growth ahead. 
  • Company’s improving margin trajectory. 
  • Expect stock to be rangebound until demand visibility improves. 
  • Stock is already at 5.2x FY25 PB on consensus versus last cycle peak of 5.8x.

Nifty traders should brace themselves for a week of potential volatility, driven by six major catalysts: Exit Poll (June 1st), May F&O expiry (May 30th), US GDP (May 30th), India’s GDP (May 31st), US PCE Inflation (May 31st), and May Auto Sales (June 1st).

Despite Wall Street’s closure on Monday for Memorial Day, Nifty buyers remain confident, buoyed by investor optimism about the general elections and a decline in oil prices to $77 per barrel.

Furthermore, Vodafone Idea’s Rs 18,000-crore FPO anchor lock-in period ends on May 27th. Following corrective losses, stocks such as Maruti, GAIL, and Reliance Industries have been given bullish outlooks.

Recommended stock: GAIL (CMP 205), with aims of 215/221 and aggressive targets of 243.

Preferred trades: Nifty (22957) – buy on dips between 22800-22850 with targets at 23100/23351 and aggressive targets at 23500-23750; Bank Nifty (48972) – buy at CMP with targets at 49300/50000 and aggressive targets at 50500-51000.

Currency Check | Rupee opens flat

Indian rupee opened flat at 83.09 per dollar on Monday versus Friday’s close of 83.10.

Sensex Today | Market trades higher at pre-opening

Benchmark indices are trading firm in the pre-opening session.The Sensex was up 233.86 points or 0.31 percent at 75,644.25, and the Nifty was up 92.20 points or 0.40 percent at 23,049.30. About 5 shares advanced, 2 shares declined, and 3790 shares unchanged.

Sensex Today | Nifty can move towards 23200-23500, says Deven Mehata, Research Analyst at Choice Broking

The benchmark Sensex and Gift Nifty indices are expected to open flat on May 27, following GIFT Nifty trends indicating a loss of just 7 points for the broader index. Gift Nifty can find support at 22,900 followed by 22,850 and 22,800. On the higher side, 23,050 can be an immediate resistance, followed by 23,100 and 23,200.The charts of Bank Nifty indicate that it may get support at 48,800, followed by 48,600 and 48,500. If the index advances, 49,100 would be the initial key resistance, followed by 49,300 and 49,400.Foreign institutional investors remained net buyers as they bought Indian equities worth Rs 944.83 crore worth of shares on May 24. On the other hand, domestic institutional investors bought Rs 2,320.32 crore worth of equities on the the same day.INDIAVIX was positive on Friday and closed higher, Up by 1.54 percent and is currently trading at 21.7100.On Friday Nifty made a fresh all-time high above 23000 levels. Traders are advised to purchase on dips near the strong support at 22800 levels with a stop loss of 22700 on closing basis. On the higher side Nifty can move towards 23200 and 23500 in coming days. Bank Nifty has also shown strength and hence it can also move higher towards the next resistance of 49400-49600 levels.

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Sensex Today | Rail Vikas Nigam bags Rs 187.34 crore project from Maharashtra Metro Rail Corp

The company has emerged as the lowest bidder (L1) for a project worth Rs 187.34 crore from Maharashtra Metro Rail Corporation (Nagpur Metro). The project involves the construction of six elevated metro stations in Phase 2.

Sensex Today, Gift Nifty | Adani Ports to replace Wipro in BSE Sensex

Adani Ports and Special Economic Zone will replace Wipro on the BSE Sensex, effective June 24.

In addition, the S&P BSE 100 index will contain REC, HDFC AMC, Canara Bank, Cummins India, and Punjab National Bank, while Page Industries, SBI Card, ICICI Prudential Life Insurance, Jubilant FoodWorks, and Zed Entertainment Enterprises would be excluded.

Trent will replace Divis Laboratories on the S&P BSE Sensex 50 index.

Stock Market LIVE Update | Aster DM in agreement to expands CMI Hospital

Aster DM Healthcare has signed into an Addendum Hospital Operation and Management Agreement with Cauvery Medical Centre Private Limited to expand the existing Aster CMI Hospital premises by about 350 beds.

Sense Today | Biocon, GNFC, Vodafone Idea under F&O Ban list

Biocon, GNFC, Vodafone Idea, Bandhan Bank, Hindustan Copper, India Cements, National Aluminium Company, Piramal Enterprises, Punjab National Bank.

Sensex Today | Tata Steel board meeting on May 29

At its meeting on May 29, 2024, Tata Steel’s board of directors will discuss issuing unsecured non-convertible debentures through private placement.

Sensex Today | FII & DII Data

Sensex Today, Gift Nifty | USFDA classifies Aurobindo Pharma’s Telangana units as OAI

From January 22 to February 2, the United States Food and Drug Administration (US FDA) performed an examination at Unit III, a formulation manufacturing facility owned by the company’s subsidiary, Eugia Pharma Specialities, in Pashamylaram, Telangana. As a result, the US FDA designated this facility’s inspection categorization status as Official Action Indicated (OAI).

Sensex Today, Gift Nifty| NTPC, RVNL, Astra Microwave top stocks to watch out today 

  • NTPC: Q4 consolidated profit rises 33% to Rs 6,490 crore from Rs 4,871.6 crore.
  • Karnataka Bank: Q4 standalone profit down 22.5% to Rs 274.2 crore from Rs 353.8 crore.
  • Cochin Shipyard: Q4 profit rises 558.1% to Rs 258.88 crore from Rs 39.3 crore.
  • United Spirits: Q4 consolidated profit rises 136.3% to Rs 241 crore from Rs 102 crore.
  • Rail Vikas Nigam has emerged as the lowest bidder (L1) for a project valued Rs 187.34 crore.
  • Astra Microwave Products: Q4 consolidated profit rises 302.3% to Rs 54.4 crore from Rs 13.5 crore.

Earnings Watch | Natco Pharma, Borosil Renewables, among others to report Q4 results today

Life Insurance Corporation of India, Astrazeneca Pharma, Borosil Renewables, Flair Writing Industries, Jubilant Industries, Natco Pharma, National Aluminium Company, NMDC, Peninsula Land, Sumitomo Chemical India, TVS Supply Chain Solutions, and West Coast Paper Mills will announce theri earning today.

Brokerage Call | Morgan Stanley keeps overweight rating on NTPC, target Rs 390

1 Company’s parent earnings missed estimates due to fixed cost under recoveries
2 Consolidated PAT was a miss driven by lower profit contributions from subsidiaries
3 Company has a strong RE portfolio of 23.2 GW; RE IPO possible by Oct/Nov-24

Brokerage Call | Jefferies keeps hold rating on Ashok Leyland, target raises to Rs 205

1 Q4 EBITDA/PAT grew 25-36 percent YoY & 9-14 percent above estimate
2 India’s truck industry growth has moderated from 45 percent CAGR over FY21-23 to flat in FY24
3 Expect a capex-led economic cycle to fuel demand growth ahead
4 Like company’s improving margin trajectory
5 Believe stock will be rangebound until demand visibility improves
6 Stock is already at 5.2x FY25 PB on consensus versus last cycle peak of 5.8x

Sensex Today | GIFT Nifty indicates a flat start

Trends on GIFT Nifty indicate a flat start for the broader index in India, with a loss of 5 points. The Nifty futures were trading around 23,034.50 level.

Commodity Check | Oil prices little changed as markets look to OPEC+ meeting

Oil prices were in a holding pattern in early Asian trading on Monday as markets awaited an OPEC+ meeting on June 2 where producers are expected to discuss maintaining voluntary output cuts for the rest of the year.The Brent crude July contract inched up 11 cents to $82.23 a barrel. The more-active August contract LCOc2 rose Gift Nifty 13 cents to $81.97.U.S. West Texas Intermediate (WTI) crude futures rose 13 cents to $77.85.

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Nifty 50 and Sensex today: What we can expect from the Indian stock market on April 29th.

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Nifty 50 and Sensex today: The Indian standard index is out to a strong start, according to Gift Nifty’s trends. The Gift Nifty was trading at a premium of around 100 points over the previous closing of the Nifty futures, at 22,655.

The Monday opening of the Sensex and Nifty 50 Indian stock market indices is anticipated to be higher due to favorable indications from the global market.

The Indian benchmark index is out to a strong start, according to Gift Nifty’s trends. The Gift Nifty was trading at a premium of around 100 points over the previous closing of the Nifty futures, at 22,655.

The domestic equity indices closed more than half a percent down on Friday, ending a five-day winning streak.

The Nifty 50 closed 150.40 points, or 0.67%, lower at 22,419.95, while the Sensex dropped 609.28 points to conclude at 73,730.16.

On the daily chart, Nifty 50 developed a long negative candle on Friday right next to the long bull candle on Thursday.

India-bound ship attacked by Houthis in Red Sea; details here

At the highs, this indicates the formation of a bearish dark cloud cover-type candle pattern. The fact that Nifty pulled back in the following session after decisively breaking over the critical downside gap barrier of April 15 around 22,500 levels on Thursday may not be a good sign for bulls, according to Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

On the weekly chart, a little, positive candle with a long upper shadow formed. The market appears to have established a lower high this week following a string of higher high patterns.

“The Nifty’s short-term trend appears to have turned negative following a sensible recovery from the lows. The 22,300 mark serves as immediate support, and any weakness below it could lead to further falls in the future, according to Shetti.

What to anticipate from Bank Nifty and Nifty 50 today is as follows:

Nifty 50 Prediction

On April 26, the Nifty 50 index had a severe U-turn to the downside, ending the day 150 points lower.

“Throughout the session, selling pressure on the Nifty persisted as the index was unable to hold above the critical threshold of 22,500. A heavy cloud cover pattern on the daily chart suggests a possible bearish reversal. The Nifty could extend its losses towards 22,000 below the immediate support level of 22,300, according to Rupak De, Senior Technical Analyst at LKP Securities.

On the other hand, he believes the level of 22,500 might act as a technical resistance for the Nifty.

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Bank Nifty Prediction

Bank Nifty Prediction

On the daily charts, the Bank Nifty index formed a bearish candlestick pattern as it fell 294 points to close at 48,201 on Friday.

“Despite selling pressure from higher levels, the Bank Nifty index held onto the critical 488,000 support level.” Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities, stated that “as long as it stays above this level, where significant open interest is concentrated on the put side, the bullish sentiment will persist.”

The immediate barrier is currently at 48,600, and Shah noted that a significant advance over this level may open the door for new all-time highs in the index.

Live stock market updates: metal, bank, and FMCG under pressure; Sensex down 400 points; Nifty below 22,650!

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Sensex Today | Live stock market updates: Sector-wise, bank, FMCG, and metal were down 0.5 percent apiece, while capital goods and power were up 0.5 percent each.

IndexPricesChangeChange%
Sensex74,670.94-367.21 -0.49%
Nifty 5022,654.85-98.95 -0.43%
Nifty Bank48,717.15-269.45 -0.55%

Biggest GainerPricesChangeChange%
NTPC369.306.80 +1.88%
Biggest LoserPricesChangeChange%
JSW Steel868.55-15.40 -1.74%
Best SectorPricesChangeChange%
Nifty Energy40303.20183.10 +0.46%
Worst SectorPricesChangeChange%
Nifty FMCG53966.20-324.70 -0.60%

Sensex Today: 10:00 AM Market

The Nifty was down 100.00 points, or 0.44 percent, at 22,653.80, while the Sensex fell 375.14 points, or 0.50 percent, at 74,663.01. A little over 1462 shares increased, 1470 shares decreased, and 125 shares remained the same.

NIFTY 50 Market Map

Hourly Losers on the NSE

CompanyPrice at09:00Price at09:57Chg(%)Hourly Vol
Sonalis Consume507.7030.00-477.70
–
DYNPROPP450.00149.50-300.50
–
CLOUDPP123.0046.85-76.15
–
Arvind Fash-PP135.0066.95-68.05
23.66k
National Oxygen45.4037.40-8.00
–
Reliance Infra227.60200.85-26.75
168.17k
JFL Life Scienc43.7040.00-3.70
0
PSP Projects726.15677.80-48.35
4.34k
Canarys Automat40.1537.75-2.40
7.03k
Emkay Global176.90166.40-10.50
234.25k

Hourly Gainer on the NSE

CompanyPrice at09:00Price at09:57Chg(%)Hourly Vol
Info Drive Soft0.65332.80332.15
–
Mold-Tek-PP1.25391.15389.90
750
COASTPP110.00137.35127.35
0
Satin Credi PP110.0067.3057.30
23.38k
Kesoram Ind PP5.0028.4023.40
–
RPP Infra PP10.0036.5026.50
36.32k
BTML-RE10.0021.5511.55
–
RIL Partly Paid982.051,870.80888.75
538.40k
AB F&R-PP100.70185.3084.60
64.44k
Bharat Gears RE103.25172.0568.80

Sensex Today | The company Industries’ 1.11 million shares changed hands in another group: Bloomberg

Sensex Today | Nifty Metal index down 0.6 percent dragged by JSW Steel, NALCO, Hindalco Industries

NIFTY METAL Top Stock Losers (Intra-day)

CompanyCMPChg(%)Volume
JSW Steel866.75-1.95887.88k
NALCO179.60-1.76.96m
Hindalco596.90-1.026.13m
NMDC238.85-0.933.96m
Hind Zinc398.10-0.82.62m
Tata Steel164.05-0.6114.48m
Adani Enterpris3,223.00-0.59140.75k
SAIL152.45-0.3912.95m
APL Apollo1,567.00-0.190.05k

Stock Market LIVE Updates | Uno Minda buys land for alloy wheel plant in Haryana, stock up 2%

Uno Minda’s share price gained more than 2 percent in the early trade on April 12 after the company secured a land parcel in Haryana for an alloy wheel plant with a capacity of 120,000 wheels a month.

With a capital outlay of Rs 542 crore, the plant in IMT Kharkhoda will be set up in a phased manner over five years, with Phase 1 commissioning in Q2FY26.

The company recently secured an allotment of a strategic land parcel of 94.32 acres at IMT Kharkhoda, Haryana HSIIDC, to fuel its ongoing and future expansions, it said.

Sensex Today | BSE FMCG index down 0.7 percent dragged by S H Kelkar, Shree Renuka Sugars, Patanjali Foods

BSE FMCG Top Stock Losers (Intra-day)

CompanyCMPChg(%)Volume
S H Kelkar208.10-2.051.82k
Shree Renuka45.05-1.98211.71k
Patanjali Foods1,325.60-1.8814.12k
DBOL136.50-1.833.37k
Chaman Lal Seti219.85-1.832.10k
Ugar Sugar Work79.55-1.742.47k
Bajaj Hindustha32.90-1.73392.35k
Emami450.25-1.726.78k
Varun Beverages1,400.00-1.6660.68k
Uttam Sugar349.65-1.62279

Live Stock Market Updates: Maharashtra Seamless secures Rs. 674 crore business order
ONGC has placed an order with Maharashtra Seamless for the delivery of seamless casing pipes worth Rs 674 crore. The order will be completed in forty-four weeks.

Live Stock Market Updates: Bharti Hexacom to Make Its Market Debut on April 12
On April 12, Bharti Hexacom, a division of telecom provider Bharti Airtel, is scheduled to make its market debut. The price per share for the final issuance has been set at Rs 570. According to market experts, its IPO shares were trading on the grey market, an unofficial venue, for more than 15% higher than the issue price.

Sensex Today | Nifty Bank index down 0.5 percent dragged by Kotak Mahindra Bank, HDFC Bank, Federal Bank

NIFTY BANK Top Stock Losers (Intra-day)

CompanyCMPChg(%)Volume
Kotak Mahindra1,802.55-1.28506.06k
HDFC Bank1,521.50-0.973.85m
AU Small Finance157.80-0.754.73m
AU Financ629.70-0.75288.81k
IDFC First Bank84.25-0.539.88m
SBI775.90-0.42.34m
IndusInd Bank1,547.30-0.36232.14k
Axis Bank1,085.60-0.22.17m
Bank of Baroda270.60-0.071.59m
ICICI Bank1,108.80-0.051.76m

NSE Large Deals

CompanyQuantityPriceValue(Cr)
Bharat Dynamics575917881.03
Dish TV31539818.550.59
HFCL2008541002.01
Manappuram Fin67642198.851.35
NMDC Steel20863166.751.39
Adani Ports182911352.852.47
Axis Bank145211087.61.58
Bharat 22 ETF374100105.73.95
CDSL171921957.453.37
CDSL128291959.852.51

Stock Market LIVE Updates | Tips Industries gains on Rs 37.2-crore buyback offer at a 34% premium

Shares of Tips Industries gained in the morning trade on April 12 after the music label announced a Rs 37.2- crore share buyback offer at Rs 625 apiece. The buyback price is a 34.4 percent premium to the last closing price on BSE. The share repurchase will help unlock value and return surplus cash to its shareholders, the company said.

Stock Market LIVE Updates | Phoenix Mills Q4 consumption grows 27% YoY, retail collections up 37%

Phoenix Mills reported total consumption at Rs 2,818 crore for the quarter ended March FY24, growing 27% over a year-ago period, while gross retail collections increased by 37% YoY to Rs 791 crore during the same period. In FY24, the total consumption rose by 22% to Rs 11,327 crore and gross retail collections jumped 27% to Rs 2,743 crore compared to the previous year.

Sensex Today | 1 million shares of Jubilant FoodWorks traded in a bunch: Bloomberg

Stock Market LIVE Updates | DCX Systems has appointed Diwakaraiah N J as Chief Financial Officer (CFO), with effect from April 11.

Sensex Today | BSE Power index rose 0.6 percent supported by Tata Power, ABB India, Adani Energy

BSE POWER Top Stock Gainers (Intra-day)

CompanyCMPChg(%)Volume
Tata Power443.052.59616.85k
ABB India6,753.451.757.10k
Adani Energy1,083.001.7367.54k
NTPC367.351.16680.23k
Siemens5,625.850.731.07k
NHPC93.350.522.06m
BHEL263.650.44634.33k

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Market on Wednesday

Indian equity indices ended higher on April 10 with Nifty hitting a fresh record high and Sensex also inched closer to its all-time high ahead of FOMC minutes and US inflation data later today. At close, the Sensex was up 354.45 points, or 0.47 percent, at 75,038.15, and the Nifty was up 111 points, or 0.49 percent, at 22,753.80. Nifty Midcap 100 and Bank Nifty also touched their respective record highs in today’s session. The market was shut on April 11 on account of Ramzan Id.

Top gainers on the Nifty included Coal India, BPCL, Kotak Mahindra Bank, ITC and Hindalco Industries, while losers were Cipla, Maruti Suzuki, HDFC Life, Divis Labs and SBI Life Insurance. Except for pharma, all other sectoral indices ended in the green with media, PSU Bank, FMCG, metal, oil & gas stocks up 1-2 percent.BSE Midcap and Smallcap indices were up 0.5 percent each.

Sensex Today Live Updates: Sensex is at 74,690, while Nifty is at 22,640. FMCG, Auto, PSB, Pharma, Consumer, and O&G are lagging.

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Sensex Today Live Updates: On April 8, provisional data from the NSE revealed that domestic institutional investors (DIIs) purchased ₹3,470.54 crore worth of stocks, while foreign institutional investors (FIIs) net sold shares worth ₹684.68 crore.

Sensex Live Updates for Today: Ahead of this week’s U.S. inflation report and a significant meeting of the European Central Bank, global stocks were neutral on Tuesday. Meanwhile, industrial metals prices continued their current upward trend, supported by prospects of a global manufacturing comeback.

Early trading saw a 0.1% decline in the pan-European STOXX 600 index, despite muted Wall Street futures.

According to Dan Boardman-Weston, CIO at BRI Wealth Management, “stock markets seem to be in a holding pattern at the moment and I think that will continue until we get more clarity on inflation and the state of the economy.”

Indian stock market: Over the weekend, 7 significant factors affected the market: the Gift Nifty, US nonfarm payrolls, and oil prices.

“Markets are waiting to see what the inflation print is and how that changes expectations for rate cuts going forward.” This year, expectations for rate decreases in the US have decreased due to strong economic statistics and persistent inflation readings.

Instead of the 150 basis points (bps) that traders were pricing in at the beginning of the year, they are now pricing in about 62 bps of cuts from the Federal Reserve in 2024, which implies a two or three-quarter-point reduction.

Similar events are taking place in Europe, where investors will be closely examining President Christine Lagarde’s remarks ahead of Thursday’s ECB policy statement, hoping to find any indications that rates may be lowered in June.

As shares in the Asia-Pacific region increased, industrial metals prices continued to rise on Tuesday amid hopes of a global manufacturing resurgence.

The Asia-Pacific equities MSCI broadest index outside of Japan had a 0.6% increase. Nikkei 225 in Japan gained 1.1%.

The most traded May copper futures in Shanghai reached a record high, rising more than 1%, while the metals zinc and tin reached multi-month highs and aluminum closed just below the two-year high set on Monday. Despite being hit hard by China’s real estate slump, iron ore prices in Singapore remained above $100 per tonne.

According to Vishnu Varathan, head of economics at Mizuho Bank in Singapore, “It’s pretty much a China bet.”

According to figures released on Monday, German industrial production increased in February more than anticipated. Data from last week indicated that American manufacturing was expanding for the first time in a year and a half. In March, China’s manufacturing output increased for the first time in six months.

According to BRI’s Boardman-Weston, central bank purchases and increased geopolitical concerns helped spot gold reach yet another record high. “I think the rally may continue in the short term,” he stated.

Sensex Today Live: Sector Indices Heat Map

Sensex Today Live: Across sectors, the Media and PSU Bank were the biggest losers, both down 1.25%, and 0.90%, respectively. Following them were the Consumer durables, FMCG, Oil & Gas, Auto, and Pharma indices, which were down 0.81%, 0.63%, 0.46%, 0.34%, and 0.17%.

Among the gainers were Metal, up 1.11%, followed by Financial Services, and Bank, which were up 0.30%, and 0.27%.

Sensex Today Live: Broader market indices heat map

Sensex Today Live: Having shed their earlier gains, the broader market was in the red, with the BSE MidCap index down 0.42%, and the BSE SmallCap index down 0.10%. 

Sensex Today Live: Gainers and Losers on Nifty

Sensex Today Live: 30 of the 50 stocks on the Nifty 50 were in the red, with Titan, Coal India, Reliance Industries, Hero MotoCorp, and Tech Mahindra, emerging as the top losers of the day, while Apollo Hospital Enterprises, Hindalco, ICICI Bank, Bajaj Finserv, and Infosys, were the top gainers. 

Today, the Sensex, which is a barometer of the Indian stock market, saw a mixed bag of performances from its listed companies. Here’s a simple breakdown of what happened:

Winners:

  • ICICI Bank
  • Bajaj Finserv
  • Infosys
  • Tata Steel
  • Axis Bank

These companies saw their stock prices rise, contributing positively to the Sensex.

Losers:

  • Titan
  • Reliance Industries
  • Tech Mahindra
  • Asian Paints
  • IndusInd Bank

Unfortunately, these companies experienced a drop in their stock prices today, pulling the Sensex down.

Market Update at 3 pm: At 3 pm, the Sensex was down slightly by 0.05%, while the Nifty, another important index, was also down by 0.11%. This means overall, the market was experiencing a slight dip from its recent highs.

Angel One’s Fund Raise: Angel One, a prominent financial services company, successfully raised ₹1,500 crore through Qualified Institutional Placement (QIP). This funding will support the company’s growth plans and meet its financial obligations.

Insights into Chemical and Cement Sectors: Experts from Prabhudas Lilladher provided insights into the chemical and cement sectors. They anticipate challenges for chemical companies due to various factors including demand pressure and competition from China. However, they expect a modest recovery in the near term. In the cement sector, they foresee strong volume growth for certain companies despite weak pricing, indicating potential opportunities for investors.

Potential Acquisition by Dixon Technologies: Dixon Technologies announced its plans to acquire a majority stake in Ismartu India. This move is subject to regulatory approvals and could expand Dixon’s presence in the market.

Overall, today’s market movements reflect a mixed sentiment, with some sectors facing challenges while others show promise. Investors will need to carefully assess the landscape to make informed decisions.

Sensex Today Live: This PSU real estate stock is up 260% in a year. Are there more gains ahead?

Sensex Today Live: The real estate industry in India is currently experiencing a golden era. The demand is so robust that not even escalating interest rates can dampen it. The industry has witnessed an extraordinary rebound, with the Nifty Realty index skyrocketing nearly 100% in FY24.

Sensex Today Live: Indian banks are battling the worst deposit crunch in 20 years

Sensex Today Live: In the fiscal year 2023-24, Indian banks faced challenges in attracting deposits, despite a surge in credit growth. The Reserve Bank of India’s (RBI) data revealed that the credit-deposit ratio reached its peak in at least two decades, as loan disbursements increased across various categories, including home loans and consumption loans.

The credit-deposit (CD) ratio, which signifies the proportion of a bank’s deposit base used for loans, stood at 80% – the highest since 2005, the earliest year for which this ratio is available, according to RBI data. The data for FY24 is up to March 22, marking the last fortnight of the previous financial year.

Sensex Today Live: 1 pm Market Update

Sensex Today Live: Indian benchmark indices were at record highs on Tuesday, led by robust expectations of strong Q4 results this earnings season.

At 1 pm, Sensex was up 130.11 points, or 0.17%, at 74,872.61, and Nifty was up 23.05 points, or 0.1%, at 22,689.35.

Sensex Today Live: Are IDBI Bank’s potential suitors good enough? RBI is checking

Sensex Today Live: The protracted process of IDBI Bank’s privatization appears to be gaining momentum, with the central bank scrutinizing the eligibility of prospective bidders.

Initial bids for the government’s majority stake in IDBI Bank have been submitted by entities including CSB Bank, backed by Prem Watsa, Kotak Mahindra Bank, and Emirates NBD, as per media reports. The Reserve Bank of India (RBI) is presently assessing whether these potential bidders meet its ‘fit and proper criteria’ for operating a financial services institution, as informed by two individuals familiar with the situation. 

Sensex Today Live: Prabhudas Lilladher, Co. Head of Research – Institutional Equities, Swarnendu Bhushan, believes that the Q4 earnings preview indicates an operationally better quarter for oil and gas businesses.

Operating Profit Projections: The operating profit for the Indian Oil & Gas sector is anticipated to see a 6% quarter-on-quarter (QoQ) improvement, reaching ₹97,800 crore. This indicates a positive trajectory for the sector’s financial performance.

Upstream Companies Outlook: Companies like ONGC and OIL India are expected to witness marginal improvements in production. Their net crude realization is projected to be around US$77.5/bbl after accounting for windfall tax. Similarly, gas realization rates are anticipated to remain stable QoQ at US$6.5/mmBtu.

City Gas Distribution (CGD) Companies: CGD companies are expected to experience notable year-on-year (YoY) volume growth ranging from 7% to 12%. This growth is expected to contribute to strong EBITDA (standard cubic meter) amidst a decline in spot LNG prices.

Oil Marketing Companies (OMCs): OMCs are forecasted to report moderate Gross Refining Margins (GRMs) and Gross Marketing Margins (GMMs). Despite this, there’s a positive outlook for Reliance Industries Limited (RIL), with expectations of improved QoQ results driven by stronger refining margins.

Analyst Recommendations: Various analyst recommendations have been provided for key players in the sector:

  • RIL: Analysts suggest a downgrade from ‘Accumulate’ to ‘Hold’ rating.
  • GAIL: Downgrade from ‘REDUCE’ to ‘SELL’ rating.
  • HPCL: Rerate from ‘SELL’ to ‘REDUCE’ post-correction in stock price.
  • BPCL and IOCL: Recommendations to ‘SELL’ with specific target prices.
  • MRPL: Recommendation to ‘SELL’ with a specific target price.
  • Oil India and ONGC: ‘ACCUMULATE’ and ‘HOLD’ ratings respectively, with target prices provided.

City Gas Distribution Companies and Others:

  • Gujarat Gas, IGL, and MGL: Expectations of improved operating profitability.
  • Petronet: Recommendation to ‘SELL’ with a specific target price.
  • GSPL: Recommendation to ‘ACCUMULATE’ with a specific target price.

With the help of these insights, investors will be better equipped to decide what to invest in the oil and gas industry. As usual, before making any financial obligations, careful investigation and consideration of professional advice are crucial.

Sensex Today Live: 11 am Market Update

Sensex Today Live: Indian benchmark indices were at record highs on Tuesday, led by robust expectations of strong Q4 results this earnings season.

At 11 am, Sensex was up 312.22 points, or 0.42%, at 75,054.72, and Nifty was up 78.80 points, or 0.35%, at 22,745.10.

Stock Market Today Live : Gaining Asian peers, Gift Nifty futures indicate strong open for Indian markets

Stock Market Today Live : Markets in India were expeceted to open on a positive note, following gains in Asian peers, with a focus on industrial metal company stocks.

In India, at 8:16 am, Gift Nifty futures were trading at 22,830, more than 150 points ahead of Nifty 50’s Monday close of 22,666.30, indicating a robust opening for Indian benchmark indices that were likely to test fresh all-time highs in Tuesday’s trading session.

Industrial metals prices extended their gains on Tuesday with expectations of a worldwide manufacturing rebound, while Asian shares crept up a little more cautiously ahead of this week’s U.S. inflation data and a crucial European Central Bank meeting.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2%. Japan’s Nikkei rose 0.6%.

Shanghai copper futures were up 1% at a two-year high and have gained more than 10% in a month. Zinc made a five-month high in Shanghai, where Aluminium made a 22-month peak on Monday.

Even iron ore, battered by China’s property downturn, steadied above $100 a tonne in Singapore.

On Monday, data showed German industrial production rising more than expected in February.

Last week, data showed U.S. manufacturing growing for the first time in one-and-a-half years. China’s manufacturing activity expanded for the first time in six months in March.

Precious metals have been soaring, too, with gold hovering just below a record high of $2,353 hit on Monday. Spot gold has risen nearly 14% this year.

Silver hit its highest since mid-2021 on Monday and platinum has also shot higher. Brent crude is below recent peaks but clinging above $90 a barrel at $90.62.

Chinese stocks have not joined the party, though Hong Kong’s Hang Seng was 1.2% higher in early trade and China proxies such as the Antipodean currencies have been rallying.

For global stock markets, bonds and currencies, the main focus this week is on U.S. inflation data due on Wednesday and the European Central Bank meeting on Thursday.

Expectations for U.S. rate cuts have been evaporating and where in January markets had expected more than 150 basis points in cuts, investors now are not even sure of half that many.

Annualised headline U.S. inflation is seen rising to 3.4% in March from 3.2% a month earlier. U.S. two-year yields, which track short-term interest rate expectations, are their highest since late November at 4.801%, while ten-year yields also hit 2024 highs of 4.46% on Monday.

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