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| As on Apr 26, 2024 12:00 AM |
Your results on : Mid Session |
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| The headline equity benchmarks continued to trade with limited losses in mid-morning trade. The Nifty traded below the 22,550 mark after hitting the day's high of 22,620.40 in early trade. Media shares extended gains for the second consecutive trading session. At 11:30 IST, the barometer index, the S&P BSE Sensex, was down 145.20 points or 0.20% to 74,192.33. The Nifty 50 index lost 35.30 points or 0.16% to 22,535.05. 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 0.62%. The market breadth was strong. On the BSE, 2,156 shares rose and 1,392 shares fell. A total of 160 shares were unchanged. Politics: The second phase of voting, scheduled for April 26, encompasses 89 constituencies across 13 states and Union territories. The BJP seeks a third consecutive term, while the opposition, including the Congress, has united under the banner of the Indian National Developmental Inclusive Alliance (INDIA) bloc to thwart PM Modi's re-election. The extensive Lok Sabha elections 2024 span seven phases from April 19 to June 1, with the results set to be announced on June 4. Buzzing Index: The Nifty Media index gained 1.79% to 1,922.40. The index rallied 2.27% in two consecutive trading sessions. Saregama India (up 7.07%), Zee Entertainment Enterprises (up 3.89%), Sun TV Network (up 1.82%), Tips Industries (up 1.63%), Dish TV India (up 1.4%) and TV18 Broadcast (up 0.11%) advanced. On the other hand, Network 18 Media & Investments (down 1.56%), Nazara Technologies (down 0.36%) and Hathway Cable & Datacom (down 0.22%) edeged lower. Stocks in Spotlight: Bharat Heavy Electricals (Bhel) advanced 2.76% after the company announced that its board has approved the appointment of Koppu Sadashiv Murthy as chief financial officer (CFO) with effect from 24 April 2024. InterGlobe Aviation added 2.42% after the company agreed to place an order for 30 Firm A350-900 aircraft, which will enable IndiGo expand its network. From the various Indian metros, IndiGo will be able to connect to the world. Sandur Manganese & Iron Ores (SMIORE) slipped 1.14%. The company said that it has signed a share purchase agreement (SPA) with an entity affiliated with ADV Partners, an Asia-focused private equity firm, to acquire a controlling interest in Arjas. Global Markets: Most of the Asian stocks advanced on Friday after Bank of Japan (BOJ) kept monetary policy unchanged. Holding its benchmark policy rate at 0%-0.1% The BOJ now expects inflation between 2.5% and 3% for fiscal 2024, up from 2.2% to 2.5% in its January forecast. US stocks dropped on Thursday after data showed a sharp slowdown in economic growth and pointed to persistent inflation. The US economy grew last quarter at the slowest pace in two years as consumer and government spending cooled amid a sharp pickup in inflation. The US gross domestic product (GDP) increased at a 1.6% annualized rate in January-March 2024. The economy grew at a 3.4% rate in the fourth quarter. Inflation surged, with the personal consumption expenditures (PCE) price index, excluding food and energy, increasing at a 3.7% rate after rising at 2% in the fourth quarter.
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| The frontline indices pared early gains and traded with minor losses in morning trade. The Nifty traded below the 22,500 level after hitting the day's high of 22,620.40 in early trade. IT shares witnessed buying demand for the second consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex, was down 160.29 points or 0.22% to 74,177.60. The Nifty 50 index lost 37.15 points or 0.16% to 22,533.20. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.49% and the S&P BSE Small-Cap index added 0.27%. The market breadth was positive. On the BSE, 1,944 shares rose and 1,466 shares fell. A total of 189 shares were unchanged. Politics: The second phase of voting, scheduled for April 26, encompasses 89 constituencies across 13 states and Union territories. The BJP seeks a third consecutive term, while the opposition, including the Congress, has united under the banner of the Indian National Developmental Inclusive Alliance (INDIA) bloc to thwart PM Modi's re-election. The extensive Lok Sabha elections 2024 span seven phases from April 19 to June 1, with the results set to be announced on June 4. Results Today : Maruti Suzuki India (up 0.43%), HCL Technologies (up 1.11%), Aditya Birla Sun Life AMC (down 0.08%), Bajaj Finserv (down 3.03%), SBI Life Insurance Company (down 0.05%), Shriram Finance (up 1.26%), Bajaj Holdings & Investment (down 0.81%), CSB Bank (up 0.43%), Eveready Industries India (up 5.93%), Force Motors (down 1.19%), Indiabulls Real Estate (down 0.22%), Bank of Maharashtra (up 0.75%), Mastek (up 1.83%), Motilal Oswal Financial Services (down 0.73%), and SBI Cards and Payment Services (up 0.34%) will announce their quarterly earnings later in the day. Buzzing Index: The Nifty IT Index gained 1.59% to 34,089.55. The index rallied 1.93% in two consecutive trading sessions. Tech Mahindra (up 10.96%), Mphasis (up 4.25%), LTIMindtree (up 3.39%), Coforge (up 2.71%), Wipro (up 1.87%), Persistent Systems (up 1.55%), HCL Technologies (up 1.22%), Tata Consultancy Services (up 0.26%) and Infosys (up 0.13%) advanced. Tech Mahindra surged 10.96% after the IT major's consolidated net profit jumped 29.51% to Rs 661 crore in Q4 FY24 as against Rs 510.4 crore reported in Q3 FY24. Revenue from operations stood at Rs 12,871.3 crore in the March quarter, down 1.76% from Rs 13,101.3 crore recorded in the preceding quarter of FY24. On a year on year (YoY) basis, Tech Mahindra's net profit dropped 40.86% while revenue fell 6.17% in Q4 FY24. L&T Technology Services (LTTS) tumbled 8.42%. The IT major's consolidated net profit rose 1.4% to Rs 340.9 crore on 4.8% rise in revenue to Rs 2537.5 crore in Q4 FY24 over Q3 FY24. Stocks in Spotlight: Som Distilleries & Breweries added 1.17% after the company?s consolidated net profit jumped 17.97% to Rs 18.84 crore in Q4 FY24 as compared with Rs 15.97 crore in Q4 FY23. Schaeffler India shed 0.83%. The company has reported 3.8% rise in standalone net profit to Rs 227.67 crore on a 9.2% increase in net sales to Rs 1,849.22 crore in Q4 FY24 as compared with Q4 FY23.
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| The key equity benchmarks traded with moderate gains in early trade. The Nifty traded near 22,600 level. IT, consumer durables and metal stocks advanced while realty and financial services shares declined. At 09:30 IST, the barometer index, the S&P BSE Sensex, was up 110.84 points or 0.15% to 74,431.80 . The Nifty 50 index added 29.55 points or 0.13% to 22,599.90. The broader market outperformed the frontline indices, the S&P BSE Mid-Cap index rose 0.59% and the S&P BSE Small-Cap index added 0.56%. The market breadth was strong. On the BSE, 2,017 shares rose and 748 shares fell. A total of 92 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 2,823.33 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 6,167.56 crore in the Indian equity market on 25 April, provisional data showed. Politics The second phase of voting, scheduled for April 26, encompasses 89 constituencies across 13 states and Union territories. The BJP seeks a third consecutive term, while the opposition, including the Congress, has united under the banner of the Indian National Developmental Inclusive Alliance (INDIA) bloc to thwart PM Modi's re-election. The extensive Lok Sabha elections 2024 span seven phases from April 19 to June 1, with the results set to be announced on June 4. Stocks in Spotlight: Bajaj Finance slipped 5.36%. The finance company's consolidated net profit increased 21% to Rs 3825 crore on 28% rise in net interest income to Rs 8013 crore in Q4 FY24 over Q4 FY23. Tech Mahindra was locked in 10% upper circuit after the IT major's consolidated net profit jumped 29.51% to Rs 661 crore despite of 1.76% decline in revenue from operations to Rs 12,871.3 crore in Q4 FY24 over Q3 FY24. IndusInd Bank shed 0.20%. The private lender's standalone net profit increased 15.01% to Rs 2,346.84 crore on 20.77% rise in total income to Rs 14,699.01 crore in Q4 FY24 over Q4 FY23. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.32% to 7.194 as compared with previous close 7.204. In the foreign exchange market, the rupee is edged lower against the dollar. The partially convertible rupee was hovering at 83.3250, compared with its close of 83.2800 during the previous trading session. MCX Gold futures for 5 June 2024 settlement gained 0.18% to Rs 71,340. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.09% to 105.69. The United States 10-year bond yield fell 0.13% to 4.702. In the commodities market, Brent crude for June 2024 settlement rose 30 cents or 0.34% to $ 89.31 a barrel. Global Markets: Most of the Asian stocks advanced on Friday after Bank of Japan (BOJ) kept monetary policy unchanged. Holding its benchmark policy rate at 0%-0.1% The BOJ now expects inflation between 2.5% and 3% for fiscal 2024, up from 2.2% to 2.5% in its January forecast. US stocks dropped on Thursday after data showed a sharp slowdown in economic growth and pointed to persistent inflation. The US economy grew last quarter at the slowest pace in two years as consumer and government spending cooled amid a sharp pickup in inflation. The US gross domestic product (GDP) increased at a 1.6% annualized rate in January-March 2024. The economy grew at a 3.4% rate in the fourth quarter. Inflation surged, with the personal consumption expenditures (PCE) price index, excluding food and energy, increasing at a 3.7% rate after rising at 2% in the fourth quarter.
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| The headline equity indices traded with major gains in mid-afternoon trade. The Nifty scaled above the 22,550 mark after hitting day?s low of 22,305.25 in mid-morning trade. Auto shares advanced after declining in the past trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex jumped 576.59 points or 0.81% to 74,451.42. The Nifty 50 index added 181.65 points or 0.81% to 22,584.05. In the broader market, the S&P BSE Mid-Cap index rose 0.54% and the S&P BSE Small-Cap index added 0.51%. The market breadth was positive. On the BSE, 2,083 shares rose and 1,675 shares fell. A total of 137 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 8.19% to 11.12. 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 today, 25 April 2024. Politics: The second phase of voting will be held on April 26 in 89 constituencies spread across 13 states and Union territories. 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 Indian National Developmental Inclusive Alliance (INDIA) bloc to deny PM Modi another victory. The elections will occur in 7 phases, from 19 April to 1 June. The Lok Sabha elections 2024 results will declared on 4 June. Buzzing Index: The Nifty Auto index rose 1.05% to 22,127. The index shed 0.08% in the past trading session. Bharat Forge (up 8.28%), Hero MotoCorp (up 2.29%), Balkrishna Industries (up 1.91%), TVS Motor Company (up 1.5%), Mahindra & Mahindra (up 1.45%), Apollo Tyres (up 1.01%), Tata Motors (up 0.95%), Tata Motors-DVR (up 0.92%), MRF (up 0.91%) and Eicher Motors (up 0.69%) advanced. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.19% to 7.200 as compared with previous close 7.186. In the foreign exchange market, the rupee is edged lower against the dollar. The partially convertible rupee was hovering at 83.3600, compared with its close of 83.3300 during the previous trading session. MCX Gold futures for 5 June 2024 settlement added 0.11% to Rs 71,128. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.26% to 105.58. The United States 10-year bond yield shed 0.17% to 4.647. In the commodities market, Brent crude for June 2024 settlement gained 20 cents or 0.23% to $ 88.22 a barrel. Stocks in Spotlight: Kirloskar Pneumatic Company surged 10.17% after the company reported 87% jump in net profit to Rs 60.23 crore in Q4 FY24 from Rs 32.24 crore in Q4 FY23. Revenue from operations increased by 36% YoY to Rs 489.96 crore during the quarter. 5paisa Capital slipped 5.89% after the company reported 59.95% drop in consolidated net profit to Rs 5.78 crore in Q4 FY24 as compared with Rs 14.41 crore posted in Q4 FY23. Revenue from operations grew by 24.58% year on year (YoY) to Rs 112.86 crore in the quarter ended 31 March 2024.
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| The key equity indices parred all losses and traded in positive terrain with limited gains in afternoon trade. The Nifty scaled above the 22,450 level. PSU Bank, pharma and oil & gas shares advanced while realty, consumer durables and metal stocks declined. At 13:28 IST, the barometer index, the S&P BSE Sensex, was advanced 179.2 points or 0.24% to 74,031.71. The Nifty 50 index added 53.60 points or 0.24% to 22,456. In the broader market, the S&P BSE Mid-Cap index rose 0.43% and the S&P BSE Small-Cap index added 0.51%. The market breadth was positive. On the BSE, 2,063 shares rose and 1,646 shares fell. A total of 137 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 10% to 11.30. 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 today, 25 April 2024. Politics: The second phase of voting will be held on April 26 in 89 constituencies spread across 13 states and Union territories. 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 Indian National Developmental Inclusive Alliance (INDIA) bloc to deny PM Modi another victory. The elections will occur in 7 phases, from 19 April to 1 June. The Lok Sabha elections 2024 results will declared on 4 June. Gainers & Losers: Axis Bank (up 6.18%), State Bank of India (SBI) (up 3.16%), Nestle India (up 1.95%), Heromotocorp (up 1.90%) and ITC (up 1.61%) were major Nifty gainers. Kotak Mahindra Bank (down 10.79%), LTIMindtree (down 2.68%), Titan Company (down 1.57%), Hindustan Unilever (down 1.44%) and Tata Consumer Products (down 1.22%) were major Nifty losers. Kotak Mahindra Bank slumped 10.79% after the Reserve Bank of India (RBI) directed the private lender to immediately stop onboarding new customers through its online and mobile banking channels and issuing new credit cards. This action follows concerns identified during RBI's examinations of the bank's IT infrastructure in 2022 and 2023. The report cites serious deficiencies in areas like IT inventory management, data security, and business continuity planning. The bank was found to be non-compliant with corrective action plans issued by RBI in previous years. The restrictions will be reviewed upon completion of an external audit commissioned by the bank with RBI's approval. The audit will assess the bank's progress in addressing the identified deficiencies. The RBI may take further regulatory action based on the audit's findings. Axis Bank rallied 6.18% after the private lender reported net profit of Rs 7,129.67 crore in Q4 FY24 as against net loss of Rs 5,728.42 recorded in Q4 FY23. Total income rose 25.15% year on year (YoY) to Rs 35,990.33 crore in the quarter ended 31 March 2024. Hindustan Unilever declined 1.44% after The FMCG major reported 5.72% fall in standalone net profit to Rs 2,406 crore in Q4 FY24 as compared to Rs 2,552 crore recorded in Q4 FY23. Revenue from operations rose marginally to Rs 14,693 crore in Q4 FY24 as against Rs 14,638 crore posted in Q4 FY23. LTIMindtree slipped 2.68% after the company?s net profit fell 5.87% to Rs 1,100 crore in Q4 FY24 as compared with Rs 1,169 crore posted in Q3 FY24. Revenue from operations declined 1.38% to Rs 8,892 crore in Q4 FY24 as compared with Rs 9,016 crore in Q3 FY24. Stocks in Spotlight: Indian Hotels Company (IHCL) dropped 4.87%. The company reported 27.26% jump in consolidated net profit to Rs 417.76 crore in the quarter ended 31 March 2024 as compared with Rs 328.27 crore in the quarter ended 31 March 2023. Revenue from operations increased 17.22% YoY to Rs 1,905.34 crore in Q4 FY24 as compared with Rs 1,625.43 crore in Q4 FY23. The said growth was led by a 19% growth in Room Revenue and 12% in Food & Beverage. Macrotech Developers slipped 4.08% after the company?s consolidated net profit declined 10.6% to Rs 665.5 crore in Q4 FY24 as against Rs 744.4 crore recorded in Q4 FY23. revenue from operations jumped 23.44% year on year (YoY) to Rs 4,018.5 crore in the quarter ended 31 March 2024. Global Markets: European market mostly declined while Asian stocks were traded mixed. The Bank of Japan kicks off its monetary policy meeting Thursday. Due to be published on Friday, investors will monitor the outcomes from the Bank of Japan, especially for any action to restrict the yen weakness. Markets in Australia and New Zealand are closed for a public holiday. Wall Street ended on a mixed note on Wednesday as traders assessed bleak outlook from Meta Inc., one of the magnificent seven, and as treasury yields rose following sales of 5-year U.S. Treasury notes. The US first-quarter gross domestic product figures are due on April 25.
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| The key equity benchmarks hovered near the flat line in early afternoon trade. The Nifty traded above the 22,400 level. Pharma stocks gained for second consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, was down 5.50 points or 0.01% to 73,847.44. The Nifty 50 index added 2.25 points or 0.01% to 22,404.65. In the broader market, the S&P BSE Mid-Cap index rose 0.19% and the S&P BSE Small-Cap index added 0.38%. The market breadth was strong. On the BSE, 1,985 shares rose and 1,669 shares fell. A total of 158 shares were unchanged. Politics: The second phase of voting will be held on April 26 in 89 constituencies spread across 13 states and Union territories. 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 Indian National Developmental Inclusive Alliance (INDIA) bloc to deny PM Modi another victory. The elections will occur in 7 phases, from 19 April to 1 June. The Lok Sabha elections 2024 results will declared on 4 June. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 8.63% to 11.16. Volatility zoomed 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 today, 25 April 2024. 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 308 lakh contracts at the 22,500 strike price. Maximum Put OI of 212.2 lakh contracts were seen at 22,400 strike price. Buzzing Index: The Nifty Pharma index rose 0.66% to 18,709.05. The index rallied 1.33% in two consecutive trading sessions. Natco Pharma (up 2.8%), J B Chemicals & Pharmaceuticals (up 2.37%), Glenmark Pharmaceuticals (up 1.61%), Sun Pharmaceuticals Industries (up 1.22%) and Dr Reddys Laboratories (up 0.99%), Lupin (up 0.92%), Alkem Laboratories (up 0.78%), Divis Laboratories (up 0.71%), Aurobindo Pharma (up 0.61%) and Biocon (up 0.1%) advanced. On the other hand, Granules India (down 0.92%), Ipca Laboratories (down 0.83%) and Abbott India (down 0.79%) edged lower. Stocks in Spotlight: Syngene International declined 0.61%. The company has reported 5.5% rise in net profit to Rs 188.6 crore despite a 7.8% fall in revenue to Rs 916.9 crore in Q4 FY24 over Q4 FY23. Indian Hotels Company (IHCL) slipped 4.64%. The firm reported 27.26% jump in consolidated net profit to Rs 417.76 crore in the quarter ended 31 March 2024 as compared with Rs 328.27 crore in the quarter ended 31 March 2023. Revenue from operations increased 17.22% YoY to Rs 1,905.34 crore in Q4 FY24 as compared with Rs 1,625.43 crore in Q4 FY23. Oracle Financial Services Software shed 1.61%. The company reported 15.86% jump in consolidated net profit to Rs 560.12 crore in Q4 FY24 as compared with Rs 479.30 crore in Q4 FY23. Revenue for the quarter was Rs 1,642 crore, up 12% YoY.
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| The benchmark indices trade near the flat line with tiny gains in mid-morning trade. The Nifty traded above the 22,400 level. Realty shares witnessed profit booking after advancing in the past three consecutive trading sessions. At 11:28 IST, the barometer index, the S&P BSE Sensex, was up 50.83 points or 0.07% to 73,902.87. The Nifty 50 index added 6 points or 0.03% to 22,408.40. In the broader market, the S&P BSE Mid-Cap index was flat and the S&P BSE Small-Cap index added 0.37%. The market breadth was strong. On the BSE, 1,979 shares rose and 1,588 shares fell. A total of 161 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 4.13% to 10.70. Volatility zoomed 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 today, 25 April 2024. Politics: The second phase of voting will be held on April 26 in 89 constituencies spread across 13 states and Union territories. 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 Indian National Developmental Inclusive Alliance (INDIA) bloc to deny PM Modi another victory. The elections will occur in 7 phases, from 19 April to 1 June. The Lok Sabha elections 2024 results will declared on 4 June. IPO Update: The initial public offer (IPO) of JNK India received 1,66,20,516 bids for shares as against 1,10,83,278 shares on offer, according to stock exchange data at 11:20 IST on Wednesday (25 April 2024). The issue was subscribed 1.50 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 Realty index slipped 1.34% to 952.85. The index rallied 4.26% in past three consecutive trading sessions. Macrotech Developers (down 2.83%), Phoenix Mills (down 2.57%), Prestige Estates Projects (down 1.41%), Mahindra Lifespace Developers (down 1.34%), DLF (down 1%), Godrej Properties (down 0.96%) and Oberoi Realty (down 0.88%) declined. On the other hand, Brigade Enterprises (up 1.14%), Sobha (up 0.18%) and Sunteck Realty (up 0.16%) edged higher. Stocks in Spotlight: MAS Financial Services surged 7.14% after the company?s net profit jumped 22.5% to Rs 68.05 crore in Q4 FY24 as compared with Rs 55.55 crore posted in corresponding quarter last year. Revenue from operations increased 23% YoY to Rs 328.10 crore during the quarter. Jubilant Pharmova rose 0.18%. The company said that the United States Food and Drug Administration (USFDA) has concluded audit of the Radiopharmaceutical manufacturing facility at Montreal, Canada. Global Markets: Asian stocks traded mixed on Thursday after two straight days of rallies, mirroring moves on Wall Street. Markets in Australia and New Zealand are closed for a public holiday. The Bank of Japan kicks off its monetary policy meeting Thursday. Due to be published on Friday, investors will monitor the outcomes from the Bank of Japan, especially for any action to restrict the yen weakness. Wall Street ended on a mixed note on Wednesday as traders assessed bleak outlook from Meta Inc., one of the magnificent seven, and as treasury yields rose following sales of 5-year U.S. Treasury notes. The US first-quarter gross domestic product figures are due on April 25.
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| The domestic equity benchmarks pared early losses and traded with decent gains in the in morning trade. The Nifty traded near the 22,450 mark. PSU bank shares advanced after declining in the past trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex, was up 185.02 points or 0.25% to 74,040.47. The Nifty 50 index added 44.35 points or 0.20% to 22,446.75. In the broader market, the S&P BSE Mid-Cap index rose 0.10% and the S&P BSE Small-Cap index added 0.39%. The market breadth was strong. On the BSE, 2,059 shares rose and 1,353 shares fell. A total of 187 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 today, 25 April 2024. Politics: The second phase of voting will be held on April 26 in 89 constituencies spread across 13 states and Union territories. 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 Indian National Developmental Inclusive Alliance (INDIA) bloc to deny PM Modi another victory. The elections will occur in 7 phases, from 19 April to 1 June. The Lok Sabha elections 2024 results will declared on 4 June. Results Today : Bajaj Finance (down 1.41%), IndusInd Bank (up 1.07%), Nestle India (up 1%), Tech Mahindra (up 0.20%), Vedanta (down 0.99%), ACC (up 28%), L&T Technology Services (up 0.21%), AAVAS Financiers (down 1.56%), Coromandel International (down 0.46%), Cyient (up 1.14%), Glenmark Life Sciences (up 0.10%), Himadri Speciality Chemical (up 0.79%), Laurus Labs (down 0.54%), Mphasis (down 0.12%), Olectra Greentech (up 1.36%), Schaeffler India (down 0.26%), Tanla Platforms (down 0.73%), Tata Teleservices (Maharashtra) (down 1.28%), UTI Asset Management Company (down 1.23%), and Zensar Technologies (down 0.65%) will announce their quarterly earnings later today. Buzzing Index: The Nifty PSU Bank index gained 2.04% to 7,279.75. The index shed 0.23% in the past trading session. Bank of Maharashtra (up 2.5%), Canara Bank (up 2.33%), Punjab & Sind Bank (up 2.14%), UCO Bank (up 2.11%), Indian Overseas Bank (up 1.98%), Bank of Baroda (up 1.81%), Central Bank of India (up 1.65%), State Bank of India (up 1.38%), Punjab National Bank (up 1.28%) and Indian Bank (up 1.14%) advanced. Stocks in Spotlight: Tata Consultancy Services (TCS) rose 0.91%. TCS has entered into a strategic partnership with Amazon Web Services (AWS). Through this multi-year tie-up, TCS will provide its customers with tools to create modern architectures, deliver business value using state-of-the-art cloud-native capabilities and drive modernization at scale. LTIMindtree slipped 1.75% after the company said that its net profit fell 5.87% to Rs 1,100 crore in Q4 FY24 as compared with Rs 1,169 crore posted in Q3 FY24. Revenue from operations declined 1.38% to Rs 8,892 crore in Q4 FY24 as compared with Rs 9,016 crore in Q3 FY24. Rites rose 1.66% after the company said that it has signed Memorandum of understanding (MoU) with Damodar Valley Corporation (DVC), Ministry of Power, to collaborate for project management consultancy for rail infra works.
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| The domestic equity benchmarks traded with moderate losses in early trade. The Nifty traded below 22,350 mark. Realty, FMCG and consumer durables stocks declined while PSU bank, media and oil & gas shares advanced. At 09:30 IST, the barometer index, the S&P BSE Sensex, was down 164.76 points or 0.23% to 73,686.11. The Nifty 50 index lost 59.65 points or 0.27% to 22,342.75. The broader market outperformed the frontline indices, the S&P BSE Mid-Cap index rose 0.21% and the S&P BSE Small-Cap index added 0.39%. The market breadth was strong. On the BSE, 1,804 shares rose and 974 shares fell. A total of 112 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 today, 25 April 2024. Foreign portfolio investors (FPIs) sold shares worth Rs 2,511.74 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3,809.90 crore in the Indian equity market on 24 April, provisional data showed. Politics: The second phase of voting will be held on April 26 in 89 constituencies spread across 13 states and Union territories. 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 Indian National Developmental Inclusive Alliance (INDIA) bloc to deny PM Modi another victory. The elections will occur in 7 phases, from 19 April to 1 June. The Lok Sabha elections 2024 results will declared on 4 June. Stocks in Spotlight: Kotak Mahindra Bank was locked in 10% lower circuit after the Reserve Bank of India (RBI) has directed Kotak Mahindra Bank to stop onboarding new customers through its online and mobile banking channels and issuing new credit cards. This restriction comes into effect immediately. However, the bank will continue to service its existing customers, including those with credit cards. Axis Bank rallied 3.39% after the private lender reported net profit of Rs 7,129.67 crore in Q4 FY24 as against net loss of Rs 5,728.42 recorded in Q4 FY23. Total income rose 25.15% year on year (YoY) to Rs 35,990.33 crore in the quarter ended 31 March 2024. Hindustan Unilever slipped 1.23% after the FMCG major reported 5.72% fall in standalone net profit to Rs 2,406 crore in Q4 FY24 as compared to Rs 2,552 crore recorded in Q4 FY23. Revenue from operations rose marginally to Rs 14,693 crore in Q4 FY24 as against Rs 14,638 crore reported in Q4 FY23. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.11% to 7.194 as compared with previous close 7.186. In the foreign exchange market, the rupee is edged lower against the dollar. The partially convertible rupee was hovering at 83.3700, compared with its close of 83.3300 during the previous trading session. MCX Gold futures for 5 June 2024 settlement shed 0.42% to Rs 70,749. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.07% to 105.79. The United States 10-year bond yield fell 0.09% to 4.651. In the commodities market, Brent crude for June 2024 settlement gained 6 cents or 0.07% to $ 88.08 a barrel. Global Markets: Asian stocks were traded mixed on Thursday after two straight days of rallies, mirroring moves on Wall Street. Markets in Australia and New Zealand are closed for a public holiday. The Bank of Japan kicks off its monetary policy meeting Thursday. Due to be published on Friday, investors will monitor the outcomes from the Bank of Japan, especially for any action to restrict the yen weakness. Wall Street ended on a mixed note on Wednesday as traders assessed bleak outlook from Meta Inc., one of the magnificent seven, and as treasury yields rose following sales of 5-year U.S. Treasury notes. The US first-quarter gross domestic product figures are due on April 25.
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| 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.
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| 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.
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| 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.
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| 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.
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| 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.
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| 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.
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| 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.
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| 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
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| 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.
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| 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
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| 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.
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