|
Prev
Next
|
|
| As on Apr 24, 2024 12:00 AM |
Your results on : Mid Session |
|
|
| The domestic equity benchmarks traded with decent gains in mid-afternoon trade. The Nifty traded above the 22,400 level. Oil & gas shares advanced after declining in the past trading session. At 14:29 IST, the barometer index, the S&P BSE Sensex was up 203.40 points or 0.29% to 73,949.54. The Nifty 50 index added 64.70 points or 0.29% to 22,432.70 The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.98% and the S&P BSE Small-Cap index gained 0.88%. The market breadth was strong. On the BSE, 2,307 shares rose and 1,441 shares fell. A total of 143 shares were unchanged. Buzzing Index: The Nifty Oil & Gas index rose 1.05% to 11, 702.95. The index shed 0.73% in the past trading session. Aegis Logistics (up 12.22%), GAIL (India) (up 3.48%), Oil India (up 3.12%), Castrol India (up 2.18%), Indraprastha Gas (up 1.49%), Petronet LNG (up 1.37%), Indian Oil Corporation (up 1.28%), Oil & Natural Gas Corpn (up 1.16%), Hindustan Petroleum Corporation (up 1.13%) and Gujarat Gas (up 0.9%) advanced. On the other hand, Gujarat State Petronet (down 1.63%) and Adani Total Gas (down 0.29%), edeged lower. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.28% to 7.188 as compared with previous close 7.167. In the foreign exchange market, the rupee is edged lower against the dollar. The partially convertible rupee was hovering at 83.3300, compared with its close of 83.3150 during the previous trading session. MCX Gold futures for 5 June 2024 settlement fell 0.15% to Rs 70,920. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.20% to 105.88. The United States 10-year bond yield rose 0.64% to 4.627. In the commodities market, Brent crude for June 2024 settlement lost 32 cents or 0.36% to $88.10 a barrel. Stocks in Spotlight: Dhampur Bio Organics rose 1.40%. The company has reported 51% fall in consolidated net profit to Rs 39.41 crore on a 42% decline in net revenue to Rs 462.95 crore in Q4 FY24 over Q4 FY23. Zydus Lifesciences fell 2.29% after the company informed that the US FDA inspection held at its Gujarat-based injectable manufacturing site had closed with 10 observations. Welspun Corp advanced 2.12% after the firm received binding letter of award (LOA) of Rs 611 crore for export of line pipes from India.
|
| The benchmark indices continued to trade with decent gains in afternoon trade. The Nifty trade near the 22,450 mark. Metal, pharma and oil& gas stocks witness positive momentum while IT, media and PSU Bank stocks declined At 13:29 IST, the barometer index, the S&P BSE Sensex jumped 275.91 points or 0.38% to 74,017.03. The Nifty 50 index added 81.10 points or 0.36% to 22,449.10. The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.96% and the S&P BSE Small-Cap index gained 0.99%. The market breadth was strong. On the BSE, 2,406 shares rose and 1,309 shares fell. A total of 142 shares were unchanged. Volatility may zoom as traders roll over positions in the F&O segment from the near month April series to May series. The April 2024 F&O contracts will expire tomorrow, 25 April 2024. Gainers & Losers: Cipla (up 3.84%), JSW Steel (up 2.53%), Tata Steel (up 2.79%), Hindalco (up 2.15%) and Powergrid Corporation (up 1.82%) were major Nifty gainers. Tata Consumer Products (down 4.51%), Titan Company (down 0.94%), SBI Life Insurance Company (down 0.80%), Grasim Industries (down 0.64%) and Infosys (down 0.61%) were major Nifty losers. Tata Consumer Products declined 4.51% after the firm?s consolidated net profit fell 19.35% to Rs 216.63 crore in Q4 FY24 as compared with Rs 268.59 crore recorded in Q4 FY23. Revenue from operations rose 8.52% year on year (YoY) to Rs 3,926.94 crore in March 2024 quarter. Stocks in Spotlight: ICICI Prudential Life Insurance Company declined 3.03% after the company's net profit fell 26.02% to Rs 173.76 crore in Q4 FY24 from Rs 234.87 crore posted in Q4 FY23. Total income jumped 96.45% YoY to Rs 22,591.46 crore in Q4 FY24. Tata Elxsi slipped 3.72% to Rs 7,119 after the design led technology service provider?s net profit declined 2.28% to Rs 196.93 crore in Q4 FY24 as against Rs 201.52 crore posted in Q4 FY23. Revenue from operations rose 8.12% year on year (YoY) to Rs 905.94 crore in the quarter ended 31 March 2024. 360 ONE WAM rallied 5.31% to Rs 802.70 after the company?s consolidated net profit jumped 24.3% to Rs 241 crore in Q4 FY24 as compared with Rs 155 crore in Q4 FY23. Revenue from operations increased 45.8% YoY to Rs 573 crore in Q4 FY24. Cyient DLM jumped 7.09% to Rs 736.10 after the company?s net profit surged 80.62% to Rs 22.74 crore on 30.46% rise in revenue from operations to Rs 361.84 crore in Q4 FY24 over Q4 FY23. Sequentially, the company?s net profit jumped 23.32% and revenue grew by 12.7% in Q4 FY24. Global Markets: European and Asian stocks advanced on Wednesday following Wall Street?s continued rally for a second straight day. U.S stock indexes climbed for a second straight session on Tuesday as a strong batch of corporate earnings assuaged concerns over higher rates.
|
| The benchmark indices continued to trade with minor gains in early afternoon trade. The Nifty hovered above the 22,450 mark. Realty stocks witnessed buying demand for the third day in a row. At 12:30 IST, the barometer index, the S&P BSE Sensex jumped 291.63 points or 0.40% to 74,030.08. The Nifty 50 index added 85.65 points or 0.38% to 22,453.65. The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.91% and the S&P BSE Small-Cap index gained 0.93%. The market breadth was strong. On the BSE, 2,401 shares rose and 1,271 shares fell. A total of 142 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 2.59% to 10.46. The Nifty 25 April 2024 futures were trading at 22,464, at a premium of 10.35 points as compared with the spot at 22,453.65. The Nifty option chain for the 25 April 2024 expiry showed maximum Call OI of 120.8 lakh contracts at the 22,500 strike price. Maximum Put OI of 123 lakh contracts were seen at 22,400 strike price. Buzzing Index: The Nifty Realty index rose 0.83% to 965.10. The index rallied 4.19% three consecutive trading sessions. Phoenix Mills (up 1.85%), Brigade Enterprises (up 1.63%), Macrotech Developers (up 0.95%), Godrej Properties (up 0.79%), Sobha (up 0.62%), Mahindra Lifespace Developers (up 0.61%), DLF (up 0.55%), Sunteck Realty (up 0.46%) and Oberoi Realty (up 0.22%) edged higher. Stocks in Spotlight: Huhtamaki India dropped 7.11% after the company?s net profit declined 26.66% to Rs 26.03 crore in Q1 CY24 as compared with Rs 35.49 crore in Q1 CY23. Revenue from operations fell 7.77% YoY to Rs 610.2 crore during the period under review. 360 ONE WAM rallied 4.60% after the company?s consolidated net profit jumped 24.3% to Rs 241 crore in Q4 FY24 as compared with Rs 155 crore in Q4 FY23. Revenue from operations increased 45.8% YoY to Rs 573 crore in Q4 FY24. Multi Commodity Exchange of India (MCX) slipped 4.94%. The company reported consolidated net profit of Rs 878.7 crore in Q4 FY24, steeply higher than Rs 5.45 crore in Q4 FY23. Revenue from operations increased 35.43% year on year (YoY) to Rs 181.14 crore in the quarter ended 31 March 2024.
|
| The frontline indices traded in a narrow range with modest gains in mid-morning trade. The Nifty hovered above the 22,450 mark. Consumer durables shares witnessed buying demand for the fourth day in a row. At 11:30 IST, the barometer index, the S&P BSE Sensex jumped 342.47 points or 0.46% to 74,077.67. The Nifty 50 index added 93.55 points or 0.42% to 22,461.55. The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.72% and the S&P BSE Small-Cap index gained 0.97%. The market breadth was strong. On the BSE, 2,428 shares rose and 1,156 shares fell. A total of 150 shares were unchanged. IPO Update: The initial public offer (IPO) of JNK India received 72,69,948 bids for shares as against 1,10,83,278 shares on offer, according to stock exchange data at 11:25 IST on Wednesday (24 April 2024). The issue was subscribed 0.66 times. The issue opened for bidding on Tuesday (23 April 2024) and it will close on Thursday (25 April 2024). The price band of the IPO is fixed at Rs 395 to Rs 415 per share. An investor can bid for a minimum of 36 equity shares and in multiples thereof. Buzzing Index: The Nifty Consumer Durables index gained 0.83% to 34,037.65. The index rallied 4.42% in four consecutive trading sessions. Rajesh Exports (up 7.26%), Kajaria Ceramics (up 2.21%), Havells India (up 1.71%), Dixon Technologies (India) (up 1.69%), Voltas (up 1.49%), Crompton Greaves Consumer Electricals (up 1.12%), Amber Enterprises India (up 1.1%), V-Guard Industries (up 1%), Bata India (up 0.69%) and Kalyan Jewellers India (up 0.23%) advanced. On the other hand, Whirlpool of India (down 0.65%), Blue Star (down 0.6%) and Cera Sanitaryware (down 0.19%) edged lower. Stocks in Spotlight: ICICI Prudential Life Insurance Company declined 3.03% after the company's net profit fell 26.02% to Rs 173.76 crore in Q4 FY24 from Rs 234.87 crore posted in Q4 FY23. Total income jumped 96.45% YoY to Rs 22,591.46 crore in Q4 FY24. Tata Elxsi slipped 3.99% after the design led technology service provider?s net profit declined 2.28% to Rs 196.93 crore in Q4 FY24 as against Rs 201.52 crore posted in Q4 FY23. Revenue from operations rose 8.12% year on year (YoY) to Rs 905.94 crore in the quarter ended 31 March 2024. Global Markets: Asian stocks advanced on Wednesday following Wall Street?s continued rally for a second straight day. U.S stock indexes climbed for a second straight session on Tuesday as a strong batch of corporate earnings assuaged concerns over higher rates.
|
| The key equity indices traded with moderate gains in morning trade. The Nifty traded above the 22,450 mark. Metal shares advanced after declining in the past trading session. At 10:28 IST, the barometer index, the S&P BSE Sensex, was up 316.21 points or 0.43% to 74,055.23. The Nifty 50 index added 90.60 points or 0.41% to 22,458.60. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.61% and the S&P BSE Small-Cap index added 0.80%. The market breadth was strong. On the BSE, 2,355 shares rose and 1,062 shares fell. A total of 171 shares were unchanged. Results Today : Hindustan Unilever (down 0.24%), Axis Bank (up 0.66%), LTIMindtree (down 0.28%), Nippon Life India Asset Management (up 0.06%), Macrotech Developers (up 1.26%), Syngene International (down 0.17%), 5paisa Capital (up 3.14%), Anant Raj (up 1%), AU Small Finance Bank (down 0.34%), Chennai Petroleum Corporation (up 1.67%), Dalmia Bharat (up 0.85%), DCB Bank (down 1.21%), Equitas Small Finance Bank (down 0.63%), Indian Hotels (up 1.29%), MAS Financial Services (up 0.59%), Oracle Financial Services Software (up 0.88%) and Supreme Petrochem (up 0.75%) will announce their quarterly earnings later in the day. Buzzing Index: The Nifty Metal Index gained 1.29% to 9,015.30. The index shed 0.34% in the past trading session. Welspun Corp (up 3.43%), Jindal Steel & Power (up 2.09%), NMDC (up 1.98%), Ratnamani Metals & Tubes (up 1.92%), Vedanta (up 1.42%), JSW Steel (up 1.2%), Hindustan Zinc (up 1.1%), Tata Steel (up 1.09%), Hindalco Industries (up 1.05%) and APL Apollo Tubes (up 1.05%) advanced. Stocks in Spotlight: Puravankara was locked in 5% upper circuit after the company announced that it has been unanimously selected as the preferred developer for redeveloping a residential housing society in Pali Hill, Mumbai. Sakuma Exports added 1.31% after the company has entered into a contract amounting to approximately Rs 150 crore for the supply of sugar to the North East, West Bengal, and Bihar regions. SBI Cards and Payment Services rose 0.78%. The company has launched three variants of its first travel-focused core credit card, ?SBI Card MILES?, in Mumbai. The card is aimed at bringing holistic travel benefits to travellers of all kinds ? travel aspirers to frequent fliers to travel aficionados.
|
| The domestic equity benchmarks traded with limited gains in early trade. The Nifty traded above 22,400 level. Barring the Nifty FMCG index, all the other sectoral indices on the NSE were traded in green. At 09:30 IST, the barometer index, the S&P BSE Sensex, was up 154.88 points or 0.21% to 73,893.33 . The Nifty 50 index added 38.30 points or 0.17% to 22,406.30. The broader market outperformed the frontline indices, the S&P BSE Mid-Cap index rose 0.64% and the S&P BSE Small-Cap index added 0.90%. The market breadth was strong. On the BSE, 2,180 shares rose and 542 shares fell. A total of 93 shares were unchanged. Volatility may zoom as traders roll over positions in the F&O segment from the near month April series to May series. The April 2024 F&O contracts will expire tomorrow, 25 April 2024. Foreign portfolio investors (FPIs) sold shares worth Rs 3,044.54 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,918.94 crore in the Indian equity market on 23 April, provisional data showed. Stocks in Spotlight: Tata Consumer Products declined 3.19% after the company's consolidated net profit declined 19.35% to Rs 216.63 crore in Q4 FY24 as compared with Rs 268.59 crore recorded in Q4 FY23. Revenue from operations rose 8.52% year on year (YoY) to Rs 3,926.94 crore in March 2024 quarter. Tata Elxsi fell 4.64% after The company's net profit declined 2.3% to Rs 196.9 crore in Q4 FY24 as compared with Rs 201.5 crore recorded in Q4 FY23. Revenue from operations rose 8.1% year on year (YoY) to Rs 905.9 crore in March 2024 quarter from Rs 837.9 crore in March 2023 quarter. Shakti Pumps (India) slipped 4.02%. The company said that it has invested Rs 5.08 crore in its wholly owned subsidiary, Shakti EV Mobility by subscribing to equity shares. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.01% to 7.166 as compared with previous close 7.167. In the foreign exchange market, the rupee is edged higher against the dollar. The partially convertible rupee was hovering at 83.2925, compared with its close of 83.3150 during the previous trading session. MCX Gold futures for 5 June 2024 settlement rose 0.06% to Rs 71,078. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.01% to 105.66. The United States 10-year bond yield jumped 0.44% to 4.619. Global Markets: Asian stocks advanced on Wednesday following Wall Street?s continued rally for a second straight day. U.S stock indexes climbed for a second straight session on Tuesday as a strong batch of corporate earnings assuaged concerns over higher rates.
|
| The benchmark indices traded with decent gains in mid-afternoon trade. The Nifty hovered above the 22,400 level. Auto shares extended gains for the third consecutive trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex, was up 204.89 points or 0.29% to 73,858.99. The Nifty 50 index added 65.15 points or 0.29% to 22,401.55. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.70% and the S&P BSE Small-Cap index added 1.11%. The market breadth was strong. On the BSE, 2,362 shares rose and 1,402 shares fell. A total of 141 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 22.12% to 9.89. Volatility zoomed as traders roll over their positions in the F&O segment from the near month April series to May series. The April 2024 F&O contracts will expire on Thursday, 25 April 2024. Economy: Rising from 61.8 in March to 62.2 in April, the headline HSBC Flash India Composite PMI Output Index ? a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors ? indicated the fastest rate of increase in aggregate business activity since mid-2010. Survey participants overwhelmingly attributed the expansion to buoyant demand from domestic and external clients. Growth in India remained broad-based across the manufacturing and service sectors. The former saw the sharper rate of increase, albeit one that was softer than in March. In the service economy, business activity rose to the greatest extent in three months. Buzzing Index: The Nifty Auto index rose 0.83% to 21,994.70. The index rallied 2.20% in three trading sessions. Tata Motors-DVR (up 2.09%), Maruti Suzuki India (up 1.45%), Tata Motors (up 1.41%), TVS Motor Company (up 1.2%), Apollo Tyres (up 1.06%), Eicher Motors (up 0.99%), Bosch (up 0.85%), Hero MotoCorp (up 0.85%), Ashok Leyland (up 0.58%) and Bajaj Auto (up 0.34%) advanced. On the other hand, Balkrishna Industries (down 0.94%), Mahindra & Mahindra (down 0.75%) and Exide Industries (down 0.12%) edged lower. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.22% to 7.176 as compared with previous close 7.192. In the foreign exchange market, the rupee is edged lower against the dollar. The partially convertible rupee was hovering at 83.3425, compared with its close of 83.3600 during the previous trading session. MCX Gold futures for 5 June 2024 settlement fell 1% to Rs 70,482. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.08% to 105.99. The United States 10-year bond yield rose 0.19% to 4.632. In the commodities market, Brent crude for June 2024 settlement gained 72 cents or 0.83% to $ 87.67 a barrel. Stocks in Spotlight: Shish Industries surged 12.27% after the company announced that it has received order worth minimum of $37.5 million from USA-based Best Construction Products Inc. (BCP). K.P. Energy was locked in upper circuit of 5% after the firm received new order for development of 9 MW wind power project forming part of the wind-solar hybrid power project to be developed in Gujarat. Mahindra Logistics rose 0.74%. The logistics solution provider reported a consolidated net loss of Rs 11.91 crore in Q4 FY24 as against a net profit of Rs 0.20 crore posted in Q4 FY23. Revenue from operations stood at Rs 1,450.76 crore in Q4 FY24, up 14.01% from Rs 1,272.51 crore recorded in Q3 FY23.
|
| The key equity indices pared some gains and traded with limited gains in afternoon trade. The Nifty traded below the 22,400 level. Realty, FMCG and IT shares advanced while Healthcare, pharma and oil & gas stocks declined. At 13:27 IST, the barometer index, the S&P BSE Sensex, was up 142.60 points or 0.19% to 73,791.22. The Nifty 50 index added 46.15 points or 0.21% to 22,382.55. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.54% and the S&P BSE Small-Cap index added 0.89%. The market breadth was strong. On the BSE, 2,354 shares rose and 1,369 shares fell. A total of 138 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 20.57% to 10.09. Volatility zoomed as traders roll over their positions in the F&O segment from the near month April series to May series. The April 2024 F&O contracts will expire on Thursday, 25 April 2024. Economy: Rising from 61.8 in March to 62.2 in April, the headline HSBC Flash India Composite PMI Output Index ? a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors ? indicated the fastest rate of increase in aggregate business activity since mid-2010. Survey participants overwhelmingly attributed the expansion to buoyant demand from domestic and external clients. Growth in India remained broad-based across the manufacturing and service sectors. The former saw the sharper rate of increase, albeit one that was softer than in March. In the service economy, business activity rose to the greatest extent in three months. Gainers & Losers: Grasim Industries (up 3.11%), Bharti Airtel (up 3.09%), HCL Technologies (up 2.13%), Nestle India (up 1.35%) and Hero Motocorp (up 1.29%) were major Nifty gainers. Sun Pharmaceutical Industries (down 2.79%), Bharat Petroleum Corporation (BPCL) (down 1.23%), Reliance Industries (down 0.90%), Mahindra & Mahindra (down 0.90%) and HDFC Life Insurance Company (down 0.87%) were major Nifty losers. Reliance Industries fell 0.90%. The company?s consolidated net profit stood at Rs 21,243 crore in Q4 FY24, marginally higher from Rs 21,227 crore posted in corresponding quarter last year. Gross revenue jumped 10.8% to Rs 264,834 crore in Q4 FY24 as compared with Rs 238,957 crore in Q4 FY23. The revenue growth was supported by double-digit growth in O2C and consumer business. Stocks in Spotlight: Mahindra & Mahindra Financial Services tumbled 4.64% after the NBFC announced deferment of board meeting for considering quarterly results due to detection of fraud at one of company?s branches in the North East. Aditya Birla Money was locked in an upper circuit of 5% after the company reported 123.34% surge in net profit to Rs 16.46 crore in Q4 FY24 as compared with Rs 7.37 crore posted in Q4 FY23. Revenue from operations soared 73.05% year on year to Rs 114.06 crore in the quarter ended 31 March 2024. Tejas Networks was locked in upper circuit of 20% after the company reported consolidated net profit of Rs 146.78 crore in Q4 FY24 as against Rs 11.47 crore posted in Q4 FY23. Revenue from operations zoomed to Rs 1,326.88 crore in March 2024 quarter as compared with Rs 299.32 crore recorded in same quarter last year. Hatsun Agro Product rallied 11.20% after the company reported net profit stood at Rs 52.15 crore in Q4 FY24, steeply higher than Rs 24.98 crore in Q4 FY23. Revenue from operations jumped 14.38% to Rs 2046.87 crore during the quarter as compared with Rs 1,789.46 crore posted in corresponding quarter last year. Global Markets: European stocks advanced while Asian stocks traded mixed on Tuesday as tech shares rebounded on Wall Street and investors look toward flash business activity figures from Australia, Japan and India. Investors remained on edge ahead of earnings from some of the world?s biggest companies this week, while more cues on U.S. interest rates were also in focus. Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the US economy's health. Markets were now awaiting earnings reports from some of the biggest companies on Wall Street
|
| The headline indices traded continued to trade with modest gains in early afternoon trade. The Nifty traded above the 22,400 level. IT shares declined after rising in the previous trading session. At 12:32 IST, the barometer index, the S&P BSE Sensex, was up 256.44 points or 0.35% to 73,905.06. The Nifty 50 index added 76.40 points or 0.34% to 22,412.80. In the broader market, The S&P BSE Mid-Cap index rose 0.56% and the S&P BSE Small-Cap index added 0.95%. The market breadth was strong. On the BSE, 2,408 shares rose and 1,264 shares fell. A total of 138 shares were unchanged. Economy: Rising from 61.8 in March to 62.2 in April, the headline HSBC Flash India Composite PMI Output Index ? a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors ? indicated the fastest rate of increase in aggregate business activity since mid-2010. Survey participants overwhelmingly attributed the expansion to buoyant demand from domestic and external clients. Growth in India remained broad-based across the manufacturing and service sectors. The former saw the sharper rate of increase, albeit one that was softer than in March. In the service economy, business activity rose to the greatest extent in three months. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 20.17% to 10.14. Volatility zoomed as traders roll over their positions in the F&O segment from the near month April series to May series. The April 2024 F&O contracts will expire on Thursday, 25 April 2024. The Nifty 25 April 2024 futures were trading at 22,407.25, at a discount of 5.55 points as compared with the spot at 22,412.80. The Nifty option chain for the 25 April 2024 expiry showed maximum Call OI of 117.8 lakh contracts at the 23,000 strike price. Maximum Put OI of 117.6 lakh contracts were seen at 22,000 strike price. Buzzing Index: The Nifty IT index declined 0.70% to 18,511.90. The index rallied 1.30% in past trading session. Sun Pharmaceuticals Industries (down 2.6%), Abbott India (down 1.99%), Alkem Laboratories (down 1.21%), Zydus Lifesciences (down 1.05%), Ipca Laboratories (down 1.03%), Glenmark Pharmaceuticals (down 0.92%), Sanofi India (down 0.55%), Lupin (down 0.41%), J B Chemicals & Pharmaceuticals (down 0.16%) edged lower.
|
| The headline indices traded continued to trade with moderate gains in mid-morning trade. The Nifty traded around 22,400 level. FMCG shares witnessed buying demand for the third day in a row. At 11:30 IST, the barometer index, the S&P BSE Sensex, was up 211.73 points or 0.29% to 73,848.75. The Nifty 50 index added 61 points or 0.27% to 22,397.40. In the broader market, The S&P BSE Mid-Cap index rose 0.36% and the S&P BSE Small-Cap index added 0.86%. The market breadth was strong. On the BSE, 2,381 shares rose and 1,219 shares fell. A total of 134 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 18.99% to 10.29. Volatility zoomed as traders roll over their positions in the F&O segment from the near month April series to May series. The April 2024 F&O contracts will expire on Thursday, 25 April 2024. Economy: Rising from 61.8 in March to 62.2 in April, the headline HSBC Flash India Composite PMI Output Index ? a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors ? indicated the fastest rate of increase in aggregate business activity since mid-2010. Survey participants overwhelmingly attributed the expansion to buoyant demand from domestic and external clients. Growth in India remained broad-based across the manufacturing and service sectors. The former saw the sharper rate of increase, albeit one that was softer than in March. In the service economy, business activity rose to the greatest extent in three months. IPO Update: The initial public offer (IPO) of JNK India received 6,41,772 bids for shares as against 1,10,83,278 shares on offer, according to stock exchange data at 11:25 IST on Tuesday (23 April 2024). The issue was subscribed 0.06 times. The issue opened for bidding on Tuesday (23 April 2024) and it will close on Thursday (25 April 2024). The price band of the IPO is fixed at Rs 395 to Rs 415 per share. An investor can bid for a minimum of 36 equity shares and in multiples thereof. Buzzing Index: The Nifty FMCG index rose 0.60% to 53,819.95. The index rallied 1.88% in three consecutive trading sessions. Hindustan Unilever (up 0.93%), Varun Beverages (up 0.89%), Marico (up 0.88%), ITC (up 0.79%), Balrampur Chini Mills (up 0.75%), Colgate-Palmolive (India) (up 0.62%), Dabur India (up 0.61%), Nestle India (up 0.46%) and Godrej Consumer Products (up 0.28%) advanced. On the other hand, Tata Consumer Products (down 1.29%), United Spirits (down 0.68%) and Radico Khaitan (down 0.67%) edged lower. Stocks in Spotlight: Hatsun Agro Product rallied 11.71% after the company reported net profit stood at Rs 52.15 crore in Q4 FY24, steeply higher than Rs 24.98 crore in Q4 FY23. Revenue from operations jumped 14.38% to Rs 2046.87 crore during the quarter as compared with Rs 1,789.46 crore posted in corresponding quarter last year. K.P. Energy was locked in 5% upper circuit after the company has received new order for development of 9MW wind power project forming part of the wind-solar hybrid power project to be developed in Gujarat. Inox Wind advanced 2.28% after the company announced that the meeting of the board of directors of the company is scheduled on 25 April 2024 to consider and approve issuance of bonus equity shares. Global Markets: Asian stocks were traded mixed on Tuesday as tech shares rebounded on Wall Street and investors look toward flash business activity figures from Australia, Japan and India. Investors remained on edge ahead of earnings from some of the world?s biggest companies this week, while more cues on U.S. interest rates were also in focus. Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the US economy's health. Markets were now awaiting earnings reports from some of the biggest companies on Wall Street
|
| The key equity indices traded with decent gains in morning trade. The Nifty traded above 22,400 level. Realty shares extended gains for the second consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex, was up 230.31 points or 0.31% to 73,878.93. The Nifty 50 index added 66.50 points or 0.30% to 22,402.90. In the broader market, the S&P BSE Mid-Cap index rose 0.42% and the S&P BSE Small-Cap index added 0.88%. The market breadth was strong. On the BSE, 2,344 shares rose and 1,097 shares fell. A total of 158 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 18.60% to 10.34. Results Today : Tata Consumer Products (down 0.54%), Tata Elxsi (up 0.48%), ICICI Prudential Life Insurance Company (down 0.35%), Mahindra EPC Irrigation (up 1.08%), Multi Commodity Exchange of India (up 2.11%), 360 ONE WAM (up 1.69%), Cyient DLM (up 3.98%), Huhtamaki India (up 1.97%), LKP Securities (up 2.27%) and NELCO (up 5.44%) will announce their quarterly earnings later in the day. Buzzing Index: The Nifty Realty index gained 2.65% to 957.85. The index rallied 3.41% in two trading sessions. Sobha (up 6.07%), Phoenix Mills (up 4.61%), DLF (up 3.43%), Macrotech Developers (up 2.87%), Oberoi Realty (up 2.48%), Godrej Properties (up 2.22%), Brigade Enterprises (up 1.73%), Prestige Estates Projects (up 1.69%), Mahindra Lifespace Developers (up 1.28%) and Sunteck Realty (up 1.12%) advanced. Stocks in Spotlight: Mahindra & Mahindra Financial Services slipped 3.93% after the NBFC announced deferment of board meeting for considering quarterly results due to detection of fraud at one of company?s branches in the North East. Nibe declined 1.22% after the company announced that on Monday its chief financial officer (CFO), Hemant Dilip Wani has tendered his resignation with effect from 22 April 2024. Redtape rose 1.40% after the company has commenced online operational activity from it's new warehouse situated at Bhiwandi, Maharashtra with effect from 22 April 2024. This new warehouse facility will help the company to fulfil delivery of its products more efficiently to the online shopping customers.
|
| The key equity benchmarks traded with moderate gains in early trade. The Nifty traded above 22,400 level. Realty, IT and consumer durables stocks advanced while metal and PSU bank shares declined. At 09:30 IST, the barometer index, the S&P BSE Sensex, was up 242.18 points or 0.33% to 73,889.80. The Nifty 50 index added 66.15 points or 0.30% to 22,402.55. In the broader market, the S&P BSE Mid-Cap index rose 0.26% and the S&P BSE Small-Cap index added 1.64%. The market breadth was strong. On the BSE, 2,037 shares rose and 769 shares fell. A total of 93 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 2,915.23 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3,542.93 crore in the Indian equity market on 22 April, provisional data showed. Volatility may zoom as traders roll over positions in the F&O segment from the near month April series to May series. The April 2024 F&O contracts will expire on Thursday, 25 April 2024. Stocks in Spotlight: Reliance Industries (RIL) rose 0.25%. The company?s consolidated net profit rose 0.1% to Rs 21,243 crore on 10.8% increase in gross revenue to Rs 264,834 crore in Q4 FY24 over Q4 FY23. Rallis India slipped 2.87% after the company reported a net loss of Rs 21 crore in Q4 FY24, lower than net loss of Rs 69 crore posted in Q4 FY23. Total income dropped to Rs 442 crore from Rs 527 crore. IndusInd Bank rose 0.35%. IndusInd Bank announced successful execution of RBI?s programmable CBDC pilot. As a part of this pilot, IndusInd Bank initiated the programmable CBDC disbursement to 50 farmers in Ratnagiri district of Maharashtra and will cover around 1000 farmers going ahead, marking a significant milestone in the adoption of innovative financial solutions for the agriculture sector. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.29% to 7.171 as compared with previous close 7.192. MCX Gold futures for 5 June 2024 settlement fell 1.08% to Rs 70,430. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.08% to 106.11. The United States 10-year bond yield declined 0.28% to 4.610. In the commodities market, Brent crude for June 2024 settlement rose 35 cents or 0.40% to $ 87.35 a barrel. Global Markets: Asian stocks advanced on Tuesday as tech shares rebounded on Wall Street and investors look toward flash business activity figures from Australia, Japan and India. Investors remained on edge ahead of earnings from some of the world?s biggest companies this week, while more cues on U.S. interest rates were also in focus. Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the US economy's health. Markets were now awaiting earnings reports from some of the biggest companies on Wall Street
|
| The headline equity indices traded with substantial gains in mid-afternoon trade. The Nifty marched above the 22,250 mark. Realty shares advanced after declining in the past five consecutive trading sessions. At 14:27 IST, the barometer index, the S&P BSE Sensex, was up 392.26 points or 0.52% to 73,468.24. The Nifty 50 index added 141.35 points or 0.64% to 22,288.35. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.80% and the S&P BSE Small-Cap index gained 1.27%. The market breadth was strong. On the BSE, 2620 shares rose and 1,233 shares fell. A total of 163 shares were unchanged. Economy: The provisional figures of Direct Tax collections for the Financial Year (FY) 2023-24 show that Net collections are at Rs. 19.58 lakh crore, compared to Rs. 16.64 lakh crore in the preceding Financial Year i.e. FY 2022-23, representing an increase of 17.70%. The Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023- 24 were fixed at Rs. 18.23 lakh crore which were revised and the Revised Estimates (RE) were fixed at Rs. 19.45 lakh crore. The provisional Direct Tax collections (net of the refunds) have exceeded the BE by 7.40% and RE by 0.67%. Meanwhile, India?s foreign exchange (forex) reserves declined $5.401 billion to $643.162 billion during the week ended April 12, according to the latest RBI data. In the previous reporting week, overall reserves had risen $2.88 billion to a new high of $648.562 billion. For the week ended April 12, the foreign currency assets, a major component of the reserves, decreased by $6.513 billion to $564.653 billion, according to the data released on April 19. Gold reserves continued their rise and increased by $1.241 billion to $55.798 billion during the week. The special drawing rights (SDRs) were down $93 million to $18.077 billion, the RBI said. India?s reserve position with the IMF was also down by $35 million to $4.634 billion in the reporting week, the central bank data showed. Buzzing Index: The Nifty Realty index rose 1.40% to 939.25. The index fell 3.60% in past five trading sessions. Mahindra Lifespace Developers (up 4.77%), Sobha (up 4.61%), Macrotech Developers (up 2.42%), Oberoi Realty (up 2.05%), Phoenix Mills (up 1.79%), Prestige Estates Projects (up 1.54%), DLF (up 1.36%), Sunteck Realty (up 1.22%) and Godrej Properties (up 0.15%) advanced. Oberoi Realty added 2.05% after the company reported booking value of Rs 1,775 crore during the quarter. In Q4 FY24, in terms of volume, the Mumbai based realty developer company booked 4,48,844 square foot (Sq.ft) area while 228 units were booked. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.22% to 7.209 as compared with previous close 7.225. In the foreign exchange market, the rupee is edged higher against the dollar. The partially convertible rupee was hovering at 83.3600, compared with its close of 83.4400 during the previous trading session. MCX Gold futures for 5 June 2024 settlement fell 1.20% to Rs 71,933. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.02% to 106.13. The United States 10-year bond yield rose 0.85% to 4.655. In the commodities market, Brent crude for June 2024 settlement slipped 99 cents or 1.13% to $86.37 a barrel. Stocks in Spotlight: Pavna Industries was locked in 5% upper circuit after the company announced that it has inked an agreement with OLA Electric to supply ignition switches and latches. Dilip Buildcon advanced 2.43% after CRISIL Ratings revised its outlook on the long-term bank facilities and non-convertible debentures of the company to ?positive? from ?negative? while reaffirming the rating at 'CRISIL A?.
|
| The key equity benchmarks traded in positive terrain with significant gains in afternoon trade. The Nifty traded above 22,250 mark. All the sectoral indices on the NSE were traded in green with consumer durables, PSU Bank and realty shares gaining the most. At 13:27 IST, the barometer index, the S&P BSE Sensex, was up 312.83 points or 0.42% to 73,392.71. The Nifty 50 index advanced 116.25 points or 0.52% to 22,263.25. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.80% while the S&P BSE Small-Cap index gained 1.25%. The market breadth was strong. On the BSE, 2,652 shares rose and 1,164 shares fell. A total of 158 shares were unchanged. Economy: The provisional figures of Direct Tax collections for the Financial Year (FY) 2023-24 show that Net collections are at Rs. 19.58 lakh crore, compared to Rs. 16.64 lakh crore in the preceding Financial Year i.e. FY 2022-23, representing an increase of 17.70%. The Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023- 24 were fixed at Rs. 18.23 lakh crore which were revised and the Revised Estimates (RE) were fixed at Rs. 19.45 lakh crore. The provisional Direct Tax collections (net of the refunds) have exceeded the BE by 7.40% and RE by 0.67%. Meanwhile, India?s foreign exchange (forex) reserves declined $5.401 billion to $643.162 billion during the week ended April 12, according to the latest RBI data. In the previous reporting week, overall reserves had risen $2.88 billion to a new high of $648.562 billion. For the week ended April 12, the foreign currency assets, a major component of the reserves, decreased by $6.513 billion to $564.653 billion, according to the data released on April 19. Gold reserves continued their rise and increased by $1.241 billion to $55.798 billion during the week. The special drawing rights (SDRs) were down $93 million to $18.077 billion, the RBI said. India?s reserve position with the IMF was also down by $35 million to $4.634 billion in the reporting week, the central bank data showed. Gainers & Losers: Eicher Motors (up 3.01%), Tata Consumer Products (up 2.97%), Bharat Petroleum Corporation (BPCL) (up 2.71%), SBI Life Insurance Company (up 2.21%) and Axis Bank (up 2.17%) were major Nifty gainers. NTPC (down 1.68%), HDFC Bank (down 1.04%), JSW Steel (down 0.82%), Bajaj Auto (down 0.40%) and IndusInd Bank (down 0.34%) were major Nifty losers. HDFC Bank declined 1.04%. The bank said that its net profit jumped 37.06% to Rs 16,511.85 crore in Q4 FY24 as compared with Rs 12,047.45 crore posted in Q4 FY23. Total income jumped 66.46% YoY to Rs 89,6939 crore as compared with Rs 53,850.54 crore posted in corresponding quarter last year. Stocks in Spotlight: Zydus Lifesciences rallied 3.09% after the company announced the launch launch of Mirabegron Extended-Release Tablets in the US market, following the receipt of final approval from the United States Food and Drug Administration for the same. Wipro advanced1.58% after the IT major's consolidated net profit grew 5.21% to Rs 2,834.6 crore in Q4 FY24 as against Rs 2,694.2 crore recorded in Q3 FY24. Revenue from operations rose marginally to Rs 22,208.3 crore in the March quarter as against Rs 22,205.1 crore reported in the preceding quarter same year. Persistent Systems tumbled 9.31%. The company said that its consolidated net profit increased 10.2% to Rs 315.31 crore in Q4 FY24 as compared with Rs 286.13 crore posted in Q3 FY24. Revenue from operations rose 3.7% QoQ to Rs 2,590.52 crore in Q4 FY24. During the quarter, EBIT margin remained flat at 14.5% as compared with Q3 FY24. Indian Renewable Energy Development Agency (IREDA) jumped 6.87% after the company?s net profit jumped 33% to Rs 337.38 crore in Q4 FY24 as compared with Rs 253.62 crore in Q4 FY23. Revenue from operations increased 33.6% to Rs 1,339.77 crore in Q4 FY24 as compared with Rs 1,002.67 crore posted in corresponding quarter last year. Global Markets: European and Asian stocks were trading mixed on Monday as the focus shifted from Middle East tensions to company earnings and economic data for insight into the direction of central bank policy. Investors look to fresh data points out of China, Japan and South Korea this week. China?s central bank left its one- and five-year loan prime rates unchanged at 3.45% and 3.95%, respectively on Monday. The one-year LPR is seen as the peg for most household and corporate loans, while the five-year LPR is the benchmark for most property mortgages. In US, the Nasdaq and the S&P 500 closed sharply lower on Friday as investors juggled lackluster earnings, uncertainties surrounding central bank policy and geopolitical strife.
|
| The benchmark indices traded in a narrow range with modest gains in early afternoon trade. The Nifty hovered near the 22,300 level. Consumer durables stocks advanced for second consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, was up 364.08 points or 0.50% to 73,452.41. The Nifty 50 index added 149 points or 0.67% to 22,296. The broader market outperformed the key indices. The S&P BSE Mid-Cap index rose 0.94% and the S&P BSE Small-Cap index added 1.36%. The market breadth was strong. On the BSE, 2,699 shares rose and 1,058 shares fell. A total of 171 shares were unchanged. Economy: The provisional figures of Direct Tax collections for the Financial Year (FY) 2023-24 show that Net collections are at Rs. 19.58 lakh crore, compared to Rs. 16.64 lakh crore in the preceding Financial Year i.e. FY 2022-23, representing an increase of 17.70%. The Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023- 24 were fixed at Rs. 18.23 lakh crore which were revised and the Revised Estimates (RE) were fixed at Rs. 19.45 lakh crore. The provisional Direct Tax collections (net of the refunds) have exceeded the BE by 7.40% and RE by 0.67%. Meanwhile, India?s foreign exchange (forex) reserves declined $5.401 billion to $643.162 billion during the week ended April 12, according to the latest RBI data. In the previous reporting week, overall reserves had risen $2.88 billion to a new high of $648.562 billion. For the week ended April 12, the foreign currency assets, a major component of the reserves, decreased by $6.513 billion to $564.653 billion, according to the data released on April 19. Gold reserves continued their rise and increased by $1.241 billion to $55.798 billion during the week. The special drawing rights (SDRs) were down $93 million to $18.077 billion, the RBI said. India?s reserve position with the IMF was also down by $35 million to $4.634 billion in the reporting week, the central bank data showed. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 3.60% to 12.97. The Nifty 25 April 2024 futures were trading at 22,273.95, at a discount of 22.05 points as compared with the spot at 22,296. The Nifty option chain for the 25 April 2024 expiry showed maximum Call OI of 107.3 lakh contracts at the 23,000 strike price. Maximum Put OI of 105.2 lakh contracts were seen at 22,000 strike price. Buzzing Index: The Nifty Consumer Durables index gained 2.08% to 33,434.75. The index has rallied 2.58% in two trading sessions. Voltas (up 6.77%), Whirlpool of India (up 5.28%), Dixon Technologies (India) (up 3.16%), Rajesh Exports (up 2.46%), V-Guard Industries (up 2.46%), Crompton Greaves Consumer Electricals (up 2.34%), Blue Star (up 2.07%), Bata India (up 1.69%), Havells India (up 1.56%) and Cera Sanitaryware (up 1.38%) advanced. Stocks in Spotlight: Dilip Buildcon advanced 2.60% after CRISIL Ratings revised its outlook on the long-term bank facilities and non-convertible debentures of the company to ?positive? from ?negative? while reaffirming the rating at 'CRISIL A?. Biocon added 2.67% after the company has received an approval from South African Health Products Regulatory Authority (SAHPRA) for their vertically integrated, complex drug product Tacrolimus capsule in South Africa. Escorts Kubota gained 2.30% after the tractor maker said that its Agri Machinery Business Division will be increasing its prices for the tractors with effect from 1 May 2024. The company informed that the increase in prices would vary across models/variants and geographies.
|
| The headline equity benchmarks traded with significant gains in mid-morning trade. The Nifty scaled above the 22,250 mark. Pharma shares advanced after declining in the past two trading sessions. At 11:30 IST, the barometer index, the S&P BSE Sensex, was up 390.73 points or 0.53% to 73,474.24. The Nifty 50 index added 138.75 points or 0.63% to 22,285.75. The broader market outperformed the key indices. The S&P BSE Mid-Cap index rose 0.92% and the S&P BSE Small-Cap index added 1.33%. The market breadth was strong. On the BSE, 2,656 shares rose and 1,016 shares fell. A total of 176 shares were unchanged. Economy: The provisional figures of Direct Tax collections for the Financial Year (FY) 2023-24 show that Net collections are at Rs. 19.58 lakh crore, compared to Rs. 16.64 lakh crore in the preceding Financial Year i.e. FY 2022-23, representing an increase of 17.70%. The Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023- 24 were fixed at Rs. 18.23 lakh crore which were revised and the Revised Estimates (RE) were fixed at Rs. 19.45 lakh crore. The provisional Direct Tax collections (net of the refunds) have exceeded the BE by 7.40% and RE by 0.67%. Meanwhile, India?s foreign exchange (forex) reserves declined $5.401 billion to $643.162 billion during the week ended April 12, according to the latest RBI data. In the previous reporting week, overall reserves had risen $2.88 billion to a new high of $648.562 billion. For the week ended April 12, the foreign currency assets, a major component of the reserves, decreased by $6.513 billion to $564.653 billion, according to the data released on April 19. Gold reserves continued their rise and increased by $1.241 billion to $55.798 billion during the week. The special drawing rights (SDRs) were down $93 million to $18.077 billion, the RBI said. India?s reserve position with the IMF was also down by $35 million to $4.634 billion in the reporting week, the central bank data showed. Buzzing Index: The Nifty Pharma index gained 1.27% to 18,639. The index fell 1.55% in the past two trading sessions. Lupin (up 3.52%), Torrent Pharmaceuticals (up 2.96%), Zydus Lifesciences (up 2.86%), Biocon (up 2.52%), Alkem Laboratories (up 2.17%), Glenmark Pharmaceuticals (up 2.06%), Dr Reddys Laboratories (up 1.94%), Divis Laboratories (up 1.75%), Granules India (up 1.23%) and Laurus Labs (up 1.06%) advanced. Stocks in Spotlight: Lupin rallied 3.45% after the pharma major announced that it has received an approval from US Food and Drug Administration (USFDA) for the launch of Mirabegron extended-release tablets, 25 mg, in the United States. Sterling and Wilson Renewable Energy rose 0.88%. The ccompany has reported a net profit of Rs 1 crore in Q4 FY24 as against a net loss of Rs 421 crore posted in Q4 FY23. Revenue from operations in the fourth quarter surged to Rs 1,178 crore. The company?s revenue for the same period last year was Rs 88 crore. JSW Energy shed 0.97%. JSW Neo Energy, a wholly owned subsidiary of JSW Energy received letter of award (LoA) for setting up of 700 MW ISTS connected solar power project from NTPC. Global Markets: Asian stocks traded mixed on Monday as the focus shifted from Middle East tensions to company earnings and economic data for insight into the direction of central bank policy. Investors look to fresh data points out of China, Japan and South Korea this week. China?s central bank left its one- and five-year loan prime rates unchanged at 3.45% and 3.95%, respectively on Monday. The one-year LPR is seen as the peg for most household and corporate loans, while the five-year LPR is the benchmark for most property mortgages. In US, the Nasdaq and the S&P 500 closed sharply lower on Friday as investors juggled lackluster earnings, uncertainties surrounding central bank policy and geopolitical strife.
|
| The key equity indices traded with decent gains in morning trade. The Nifty traded above the 22,200 level. PSU bank shares witnessed bargain hunting after declining in the past five trading sessions. At 10:30 IST, the barometer index, the S&P BSE Sensex, was up 228.03 points or 0.32% to 73,320.54. The Nifty 50 index added 91.10 points or 0.41% to 22,238.10. The broader market outperformed the headline indices. The S&P BSE Mid-Cap index rose 0.64% and the S&P BSE Small-Cap index added 1.11%. The market breadth was strong. On the BSE, 2,531 shares rose and 980 shares fell. A total of 206 shares were unchanged. Results Today : Reliance Industries (up 0.37%), Aarti Surfactants (up 1.49%), Aditya Birla Money (up 2.77%), Mahindra Logistics (down 0.66%), Rallis India (up 0.23%), Tejas Networks (up 1.74%), Tamilnad Mercantile Bank (up 2.82%), Hatsun Agro Product (up 0.37%), Kesoram Industries (up 1.31%), K P Energy (up 4.52%), Rajratan Global Wire (up 0.84%), and Trident Lifeline (up 1.25%) will announce their quarterly earnings later in the day. Economy: The provisional figures of Direct Tax collections for the Financial Year (FY) 2023-24 show that Net collections are at Rs. 19.58 lakh crore, compared to Rs. 16.64 lakh crore in the preceding Financial Year i.e. FY 2022-23, representing an increase of 17.70%. The Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023- 24 were fixed at Rs. 18.23 lakh crore which were revised and the Revised Estimates (RE) were fixed at Rs. 19.45 lakh crore. The provisional Direct Tax collections (net of the refunds) have exceeded the BE by 7.40% and RE by 0.67%. Meanwhile, India?s foreign exchange (forex) reserves declined $5.401 billion to $643.162 billion during the week ended April 12, according to the latest RBI data. In the previous reporting week, overall reserves had risen $2.88 billion to a new high of $648.562 billion. For the week ended April 12, the foreign currency assets, a major component of the reserves, decreased by $6.513 billion to $564.653 billion, according to the data released on April 19. Gold reserves continued their rise and increased by $1.241 billion to $55.798 billion during the week. The special drawing rights (SDRs) were down $93 million to $18.077 billion, the RBI said. India?s reserve position with the IMF was also down by $35 million to $4.634 billion in the reporting week, the central bank data showed. Buzzing Index: The Nifty PSU Bank index gained 1.64% to 7,007.10. The index fell 4.89% in the past five trading sessions. Canara Bank (up 3.14%), Punjab National Bank (up 2.38%), Union Bank of India (up 2.13%), Punjab & Sind Bank (up 1.78%), Central Bank of India (up 1.69%), Bank of India (up 1.62%), Bank of Maharashtra (up 1.3%), Indian Bank (up 1.3%), Bank of Baroda (up 1.17%) and Indian Overseas Bank (up 1.14%) advanced. Stocks in Spotlight: HDFC Asset Management Company (HDFC AMC) shed 0.93%. The asset management company?s standalone net profit jumped 43.83% to Rs 541.09 crore on 33.4% rise in total income to Rs 850.89 crore in Q4 FY24 over Q4 FY23. Indian Renewable Energy Development Agency (IREDA) jumped 6.93% after the company?s net profit jumped 33% to Rs 337.38 crore in Q4 FY24 as compared with Rs 253.62 crore in Q4 FY23. Revenue from operations increased 33.6% to Rs 1,339.77 crore in Q4 FY24 as compared with Rs 1,002.67 crore posted in corresponding quarter last year. Zydus Lifesciences rose 2.01% after the company announced the launch launch of Mirabegron Extended-Release Tablets in the US market, following the receipt of final approval from the United States Food and Drug Administration for the same.
|
| The domestic equity benchmarks traded with modest gains in early trade. The Nifty traded above 22,250 mark. All the sectorial indices on NSE were in the green with PSU bank, realty and pharma shares gaining the most. At 09:30 IST, the barometer index, the S&P BSE Sensex, was up 324.79 points or 0.44% to 73,408.24. The Nifty 50 index added 115.40 points or 0.52% to 22,262.40. In the broader market, the S&P BSE Mid-Cap index rose 0.90% and the S&P BSE Small-Cap index added 1.20%. The market breadth was strong. On the BSE, 2,380 shares rose and 532 shares fell. A total of 117 shares were unchanged. Foreign portfolio investors (FPIs) bought shares worth Rs 129.39 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 52.50 crore in the Indian equity market on 19 April, provisional data showed. Economy: India?s foreign exchange (forex) reserves declined $5.401 billion to $643.162 billion during the week ended April 12, according to the latest RBI data. In the previous reporting week, overall reserves had risen $2.88 billion to a new high of $648.562 billion. For the week ended April 12, the foreign currency assets, a major component of the reserves, decreased by $6.513 billion to $564.653 billion, according to the data released on April 19. Gold reserves continued their rise and increased by $1.241 billion to $55.798 billion during the week. The special drawing rights (SDRs) were down $93 million to $18.077 billion, the RBI said. India?s reserve position with the IMF was also down by $35 million to $4.634 billion in the reporting week, the central bank data showed. Stocks in Spotlight: HDFC Bank shed 0.28%. The bank said that its net profit jumped 37.06% to Rs 16,511.85 crore in Q4 FY24 as compared with Rs 12,047.45 crore posted in Q4 FY23. Total income jumped 66.46% YoY to Rs 89,6939 crore as compared with Rs 53,850.54 crore posted in corresponding quarter last year. Wipro advanced 1.06% after the IT major's consolidated net profit grew 5.21% to Rs 2,834.6 crore in Q4 FY24 as against Rs 2,694.2 crore recorded in Q3 FY24. Revenue from operations rose marginally to Rs 22,208.3 crore in the March quarter as against Rs 22,205.1 crore reported in the preceding quarter same year. Jio Financial Services added 2.16% the company reported a net profit of Rs 310.63 crore in Q4 FY24 as against a net profit of Rs 293.82 crore posted in Q3 FY24. Total income rose to Rs 418.10 crore from Rs 414.33 crore. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.18% to 7.238 as compared with previous close 7.225. In the foreign exchange market, the rupee is edged higher against the dollar. The partially convertible rupee was hovering at 83.4300, compared with its close of 83.4400 during the previous trading session. MCX Gold futures for 5 June 2024 settlement fell 0.83% to Rs 72,204. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.08% to 106.08. The United States 10-year bond yield grew by 1.04% to 4.664. In the commodities market, Brent crude for May 2024 settlement slipped 68 cents or 0.78% to $ 86.61 a barrel. Global Markets: Most of the Asian stocks were trading higher on Monday as the focus shifted from Middle East tensions to company earnings and economic data for insight into the direction of central bank policy. Investors look to fresh data points out of China, Japan and South Korea this week. China?s central bank left its one- and five-year loan prime rates unchanged at 3.45% and 3.95%, respectively on Monday. The one-year LPR is seen as the peg for most household and corporate loans, while the five-year LPR is the benchmark for most property mortgages. In US, the Nasdaq and the S&P 500 closed sharply lower on Friday as investors juggled lackluster earnings, uncertainties surrounding central bank policy and geopolitical strife.
|
| The domestic equity benchmarks traded with substantial gains in mid-afternoon trade. The Nifty traded near the 22,050 mark after hitting the day's low of 21,777.65 in early trade. Financial services shares advanced after declining for the fourth consecutive trading session. At 14:26 IST, the barometer index, the S&P BSE Sensex, was up 527.11 points or 0.73% to 73,016.10. The Nifty 50 index added 147.70 points or 0.67% to 22,143.55. In the broader market, the S&P BSE Mid-Cap index shed 0.40% while the S&P BSE Small-Cap index gained 0.12%. The market breadth was negative. On the BSE, 1,720 shares rose and 2,005 shares fell. A total of 130 shares were unchanged. Politics: India is gearing up for its election in 2024. The BJP is looking to consolidate its grip on power as it aims for a historic third term while a band of opposition parties, including the Congress, has formed a united front called INDIA to deny PM Modi another victory. The elections will occur in 7 phases, starting on 19 April and ending on 1 June. The Lok Sabha elections 2024 results will declared on 4 June. Buzzing Index: The Nifty financial services index slipped 1.11% to 21,132.25. The index has rallied 2.89% in the past four trading sessions. Bajaj Finance (up 2.14%), HDFC Bank (up 1.95%), Power Finance Corporation (up 1.09%), IDFC (up 1.07%) and Bajaj Finserv (up 0.96%), ICICI Bank (up 0.96%), Kotak Mahindra Bank (up 0.52%), State Bank of India (up 0.38%), LIC Housing Finance (up 0.36%) and Axis Bank (up 0.27%) advanced. On the other hand, ICICI Prudential Life Insurance Company (down 2.5%), HDFC Asset Management Company (down 0.99%) and HDFC Life Insurance Company (down 0.82%) declined. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.53% to 7.218 from previous close of 7.180. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.5200, compared with its close of 83.5250 during the previous trading session. MCX Gold futures for 5 June 2024 declined 0.12% to Rs 72,595. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.05% to 106.10. The United States 10-year bond yield declined 1.40% to 4.584. In the commodities market, Brent crude for June 2024 settlement rose 5 cents or 0.06% to $87.16 a barrel. Stocks in Spotlight: Aurionpro Solutions was locked in upper circuit of 5% after its board approved acquisition of 67% stake in Mumbai-based banking and insurance focused PaaS startup, Arya.ai, operated through legal entity Lithasa Technologies. Motilal Oswal Financial Services rallied 7.60% after the company said that its board will meet on Friday, 26 April 2024, to consider a proposal for declaration of bonus equity shares. Vesuvius India added 3.92% after the firm inaugurated a new mould flux manufacturing plant in Visakhapatnam with an increase in investment outlay to upto Rs 1,000 crore to further strengthen its manufacturing capabilities in India.
|
| The domestic equity benchmarks pared all losses and traded with decent gains in afternoon trade. The Nifty traded near the 22,050 mark after hitting the day's low of 21,777.65 in early trade. Metal, private bank and financial services shares advanced while realty, media and pharma stocks declined. At 13:30 IST, the barometer index, the S&P BSE Sensex, was up 226.24 points or 0.30% to 72,696.41. The Nifty 50 index added 50.25 points or 0.23% to 22,046.10. In the broader market, the S&P BSE Mid-Cap index shed 0.49% while the S&P BSE Small-Cap index gained 0.13%. The market breadth was negative. On the BSE, 1,648 shares rose and 2,025 shares fell. A total of 147 shares were unchanged. Politics: India is gearing up for its election in 2024. The BJP is looking to consolidate its grip on power as it aims for a historic third term while a band of opposition parties, including the Congress, has formed a united front called INDIA to deny PM Modi another victory. The elections will occur in 7 phases, starting on 19 April and ending on 1 June. The Lok Sabha elections 2024 results will declared on 4 June. Gainers & Losers: Grasim Industries (up 1.77%), HDFC Bank (up 1.72%), ITC (up 1.52%), Mahindra & Mahindra (up 1.44%) and Apollo Hospitals Enterprise (up 1.41%) were major Nifty gainers. Bajaj Auto (down 2.77%), HCL Technologies (down 1.38%), Tata Motors (down 1.32%), Nestle India (down 1.23%) and Bharat Petroleum Corporation (down 1.20%) were major Nifty losers. Stocks in Spotlight: Infosys shed 0.81%. The IT major's consolidated net profit jumped 30.51% to Rs 7,969 crore in Q4 FY24 from Rs 6,106 crore in Q3 FY24. Revenue from operations declined 2.31% to Rs 37,923 crore in Q4 FY24 as compared with Rs 38,821 crore in Q3 FY24. In terms of guidance, the company has revised its FY25 revenue guidance to 1%-3% in constant currency and operating margin guidance at 20%-22%. Bajaj Auto slipped 2.77%. The auto major?s standalone net profit jumped 35.11% to Rs 1,936 crore on 28.97% rise in revenue from operations to Rs 11,484.68 crore in Q4 FY24 over Q4 FY23. ICICI Securities rose 0.61%. The broking firm?s consolidated net profit zoomed 104.3% to Rs 536.53 crore in Q4 FY24 as against Rs 262.68 crore recorded in Q4 FY23. Total income was at Rs 1,544.44 crore in the quarter ended 31 March 2024, registering a growth of 74.5% year on year (YoY). ITC added 1.52% after the company announced that its wholly owned subsidiary, ITC Infotech India has entered into Share Purchase Agreement to acquire 100% stake in Blazeclan Technologies for total consideration of Rs 485 crore. Network18 Media & Investments declined 2.58% after the company?s consolidated net loss widened to Rs 206.92 crore in Q4 FY24 as against a Rs 35.19 crore recorded in Q4 FY23. Revenue from operations climbed 63.06% year on year to Rs 2,419.28 crore in the quarter ended 31 March 2024. Global Markets: European and Asian stocks declined on Friday as reports of Israeli strikes on Iran further ramped up concerns over worsening geopolitical conditions in the Middle East. Israel, early Friday morning local time, launched missiles in a retaliatory strike against Iran, as per reports. The missile launches follow Iran's attack last Saturday. U.S. stocks closed mixed on Thursday in another jittery day of trade, as investors focused on rising bond yields and uncertain oil prices.
|
|
|