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Updated – April 05, 2024 at 10:19 AM.
Sensex, Nifty, Share Prices LIVE: On Friday, Indian benchmark indices, the Sensex and Nifty, opened weak. At 9.52 a.m., the NSE Nifty fell by 0.18%, or 37.70 points, to 22,468.25, while the BSE Sensex was down by 0.37%, or 129 points, to 74,097. Analysts expect pressure from unabated selling by foreign portfolio investors. Asian equity indices are trading negatively, with the Nikkei dropping over 2.4%. The RBI is likely to maintain a rate pause, citing easing inflation but volatility in food prices. Economic growth remains strong, supporting the RBI’s unchanged policy stance. Gold prices surged to a record high on Thursday, driven by expectations of interest rate cuts. Traders await US data and speeches from Fed officials. Stock-specific action is driven by encouraging Q4 business updates. Option activity at the 22,500 strike will provide cues about Nifty’s direction.
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tock Market today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 5th April 2024
ALL UPDATES
April 05, 2024 10:17
Stock Market Live Today: RBI Credit Policy: Inflation
Core Inflation declined steadily. Ensure to meet target 4% of Inflation and sees upside risk on inflation.
April 05, 2024 10:16
Stock Market Live Today: RBI Credit Policy: Benchmark Interest Rate
Current: 6.5%
Expected: 6.5%
Previous: 6.5%
(RBI maintains status quo for benchmark interest rate. Outlook on macros and policy guidance would be key factors for further market momentum)
April 05, 2024 10:15
Stock Market Live Today: Monetary policy: Real GDP growth for FY25 @ 7%
April 05, 2024 10:15
Stock Market Live Today: Monetary policy: Consumer confidence reached a new high: as per RBI survey
April 05, 2024 10:14
Stock Market Live Today: Monetary policy: Resilient cement production, strong steel consumption, and import of capital goods signal positive investment cycle trends
The resilience in cement production, together with strong growth in steel consumption and production and import of capital goods augur well for the investment cycle to create, to gain further traction
April 05, 2024 10:12
Stock Market Live Today: Monetary policy – Rural demand to support economic growth on Fy25
April 05, 2024 10:12
Stock Market Live Today: Monetary policy – Services sector exhibited broad based buoyancy across sectors
April 05, 2024 10:12
Stock Market Live Today: Monetary policy – PMI for manufacturing displayed a sustained expansion in both February and March, touching a 16 year high in the month of March
April 05, 2024 10:11
Stock Market Live Today: India in 3rd successive year of 7% plus growth, says Das
April 05, 2024 10:11
Stock Market Live Today: The second advanced estimates placed the real GDP growth at 7.6% for 2023 20 for the third successive year of 7% or higher, says RBI Gov
April 05, 2024 10:06
Stock Market Live Today: Macrotech Developers Q4FY24 pre-sales surge 40%
Macrotech Developers Limited achieved Q4FY24 pre-sales of Rs 42.3 billion, marking a 40% year-over-year increase, while collections grow by 20% YoY to Rs 35.1 billion. Shares were up by 1.27% to Rs 1151.95 on the BSE.
April 05, 2024 10:04
Stock Market Live Today: Das: MPC decided 5-0 to keep policy repo rate unchanged at 6.5%
The Reserve Bank MPC decided by a majority of five to one to keep the policy repo rate unchanged at 6.5%. Consequently, the standing deposit facility that is the SDF rate remains at 6.25%
April 05, 2024 10:03
Stock Market Live Today: Niyogin Fintech reports strong Q4 growth, AUM up 95%
Niyogin Fintech Limited reported growth in Q4 FY2024, with assets under management up by 95% and gross transaction value rising by 90% year-over-year. CEO Tashwinder Singh highlighted expansion in lending AUM, reaching approximately Rs 180 crore. The shares were up by 2.01% to ₹72.75 on the BSE.
April 05, 2024 09:58
Stock Market Live Today: Kalyan Jewellers reports strong Q4 revenue surge, plans expansion
Kalyan Jewellers reported Q4 FY2024 with a 34% revenue surge marking a 31% growth for FY2024. Expansion includes 10 new ‘Kalyan’ showrooms in India and 2 in the Middle East, with plans for 3 more conversions to the FOCO model. Candere platform sees 12% revenue growth in Q4 but records a 17% decline for FY2024. Shares were up by 0.88% to Rs 434.70 on the BSE.
April 05, 2024 09:55
Stock Market Live Today: Sheela Foam wins landmark insurance claim, shares surge 4.25%
Sheela Foam Limited won a landmark insurance claim case at the DCDRC, East Delhi, securing a compensation of Rs 21.38 crore plus interest and additional reimbursements. The shares were up by 4.25% to Rs 987.10 on the BSE.
April 05, 2024 09:54
Sensex Today: BSE sees 116 stocks at 52-week high, 4 at 52-week low
At 9:50 am on Friday, a total of 3,159 stocks were actively traded on the BSE. Of these, 1,535 advanced, while 1,505 declined, and 119 stocks remained unchanged. Additionally, 116 stocks hit a 52-week high, while 4 stocks hit a 52-week low.
April 05, 2024 09:35
Nifty Today: Major gainers, losers at 9.30 a.m.
Major gainers on the NSE at 9.30 a.m. include – Dr Reddy laboratories (1.75%), SBI life insurance company (0.95%), HDFC Bank (0.85%) Shriram Finance (0.77%), Bajaj Finserv (0.66%)
Major losers include- Bharat petroleum corporation (-1.98%), Jsw Steel (-1.20%), Tech Mahindra (-1.15%), Tata Steel (-1.13%), Larsen and Toubro (-1.08%)
April 05, 2024 09:23
Currency Market Live Today: Rupee falls 6 paise to 83.45 against US dollar in early trade.
April 05, 2024 09:21
Stock Market Live Today: Opening Bell: Option activity at 22,500 strike to guide Nifty’s direction
On Friday, Indian benchmark indices, the Sensex and Nifty, opened weak on Friday. The 30-share BSE Sensex fell by 151.21 points to 74,076.42 in early trading, while the NSE Nifty dropped 52.75 points to 22,461.90..
The focus will be on the outcome of the Reserve Bank of India’s credit policy. Besides, global cues will set the tone for the domestic market.
According to analysts, the unabated selling by foreign portfolio investors will likely keep the market under pressure.
Asian equity indices are trading negatively, with most of them falling around one per cent in early Friday trading, tracking the overnight weakness in the US market. Japanese markets were the worst affected among the major Asian equities, as the Nikkei dropped over 2.4 per cent.
However, the major focus on Friday would be on RBI statements after the rate-meet outcome.
According to Shishir Baijal, Chairman and Managing Director, Knight Frank India, the RBI will likely continue with a rate pause at its first MPC meeting for FY25.
“Even though core and the wholesale inflation has significantly eased but the volatility in food prices continue to impinge consumer sentiment. Thus, keeping the headline inflation above the RBI target level of 4 per cent,” he said.
Key macros resilient
Economic growth has also continued to remain strong, as witnessed in the above-expected GDP growth during Q3 FY’24. He further said that strong growth would continue to provide adequate support for the RBI to keep policy rates unchanged for the next few months.
The RBI’s focus is likely to be on liquidity management, with the continuation of withdrawal of accommodation to keep inflation well anchored and bring it under 4%.
Shrikant Chouhan, Head of Equity Research at Kotak Securities, said: India’s March Services PMI stood at 61.2 compared to 60.3 previously, while the Composite PMI was at 61.8 versus 60.6 on a month-on-month basis.
Gold prices surged to a record high on Thursday following statements from Federal Reserve officials reaffirming expectations of interest rate cuts in 2024, although the timing remained uncertain, he said.
Traders are awaiting weekly unemployment claims and trade balance data from the US, along with speeches from Fed officials; he added that “attention will be on the RBI Monetary Policy announcement and the release of the US non-farm payrolls report.”
Stock-speicific action
Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd, said the Q4 business updates from a few prominent companies were encouraging, driving stock-specific action in the market.
“Nifty has been consolidating in a narrow range at higher levels for the last few sessions, while broader markets have bounced back strongly, especially after a sharp recent correction. We expect some volatility especially in rate sensitive sector amid India’s central bank’s policy meeting. Overall, we maintain our positive bias on the market, and any dip can be viewed as a buying opportunity,” he added.
Examining the Open Interest (OI) data, the highest OI on the call side is observed at the 22,800 strike price, followed by the 23,000 strike price. Conversely, the highest OI on the put side is seen at the 22,300 strike price, said Mandar Bhojane, Research Analyst at Choice Broking
Ashwin Ramani, Derivatives & Technical Analyst, SAMCO Securities, said: the Foreign Portfolio Investors (FPIs) Long Short ratio rose from 31.24 per cent on March 27 to 46.83 per cent on April 2 on the back of strong buying by FPIs in Index futures. However, the FPIs liquidated long positions and built short positions on April 3, bringing the ratio down to 43.79 per cent.
“Strong put writing (Bulls’ entry) coupled with call writers (Bears) exit was observed at the 22,500 Strike in Nifty. This led to Nifty closing above the 22,500 level. The put writers now lead the call writers at the 22,500 Strike, and the option activity at this strike will provide cues about Nifty’s upcoming direction,” he said.
April 05, 2024 09:09
Commodities Market Live Today: Turmeric prices drop
* Turmeric prices have dropped 10-15% to ₹16,500-17,000, a decrease from nearly ₹20,000 a quintal in the futures market.
* New crop supply has increased by over 25% in parts of Tamil Nadu, Telangana, and Andhra Pradesh.
* The Ministry of Agriculture and Farmers’ Welfare’s first advance estimate for turmeric production in 2023-24 is estimated at 10.74 lakh tonnes.
* New arrivals from the Marathwada region in Maharashtra could keep prices on leash.
* Turmeric exports in January were 14,490.09 tonnes, down 2.17 per cent from December due to high prices.
* Prices are likely to increase further due to lower 2024 ending stocks, which will impact the stock to use ratio.
* The next season could witness at least a 30% increase in the area under the crop.
* Turmeric growing regions such as Sangli, Basmat, Hingoli are witnessing a good demand for quality.
April 05, 2024 09:07
Stock Market Live Today: IPO screener: Bharti Hexacom issue closes today
The public issue of Bharti Hexacom will close for subscription today. The issue has so far been subscribed 1.12 times. The ₹4,275-crore issue, which opened at a price band of ₹542-570 on Wednesday, received bids for 4.62 crore shares against an offer of 4.12 crore shares (net-off anchor portion).
The lot size is 26 shares.
The entire issue is an offer-for-sale of 7.5 crore shares by Telecommunications Consultants India, the lone public shareholder in Bharti Hexacom, which is diluting its 15 per cent stake. Promoter Bharti Airtel owns a 70 per cent stake in the company.
April 05, 2024 09:06
Commodities Market Live Today: Silver down at $26.45 on profit booking
Silver fell after reaching its highest level since June 2021, as investors awaited the important US employment data for fresh indications regarding the Fed’s monetary easing. The most recent economic statistics from the United States, including high initial jobless claims and job cutbacks, as well as weaker growth in the services industry, reinforced the Fed’s decision to begin cutting interest rates sooner rather than later. Previously, some Fed officials stoked expectations that relaxation would begin this year, but additional evidence of declining inflation is required.
Investors are awaiting a U.S. March employment report for further clues on the health of the U.S. economy and the direction of its monetary policy.
April 05, 2024 09:05
Commodities Market Live Today: Gold ends flat at $2,272
Gold prices have paused after reaching new highs in the previous session on forecasts of lower US interest rates this year, as traders await more clues from a major employment data coming later in the day. Fed Chairman Powell underlined that the US central bank has time to consider its first rate decrease, given the economy’s resilience and recent strong inflation readings. Perth Mint’s gold product sales in March fell to their lowest level in over five years, owing to a reduction in demand as clients responded to rising costs.
Investors are awaiting a U.S. March employment report for further clues on the health of the U.S. economy and the direction of its monetary policy.
April 05, 2024 09:03
Stock Market Live Today: Stocks to watch out for today: April 5, 2024
GE Power: Jaiprakash Power awards contracts for two projects worth Rs 774.9 crore to company
Nestle: National Consumer Dispute Redressal Commission (NCDRC) dismisses 2015 complaint in favour of company
UltraTech Cement: Company commissions 100 MW AC solar energy project in Rajasthan
Bandhan Bank: Total Deposits Up 15.1% QoQ & Up 25.1%, CASA Deposits Up 18.2% QoQ & Up 18.1% YoY.
Equitas SFB: Gross advances up 5% QoQ & up 23%, Deposits up 12% QoQ & up 43% (YoY).
Prestige Estates: Company acquires 21 acres of land in whitefield, Bengaluru for ₹450 cr.
Rashi Peripheral: Company gets new orders worth Rs 1,510 cr from NMDC data centre.
LTIMindtree: Company partners with Aforza to setup training academy: Agencies
ESAF Small fin bank: Gross advances up 10.06% QoQ as of March 31
Cello: Company said it’s setting up a glassware manufacturing facility in Rajasthan to boost manufacturing capabilities across product categories
IOL Chemicals: Company receives approval from EDQM for muscle relaxing drug.
Avanti Feed: Company starts trial production at the newly established Shrimp Processing plant in Andhra Pradesh.
Nazara: Company has entered into an IP assignment agreement with U games and play games
Sula VIneyards: Company approved execution of share purchase agreement with shareholders of N D wines.
Bajaj Fin: FY24 AUM up 34% at ₹3.30 lk cr vs 2.47 lk cr, AUM in Q4 FY24 grew by approximately ₹19,400 cr
Indusind Bank: Deposits at ₹3.85 lk cr up 4% QoQ & 14% YoY, Net Advances at ₹3.43 lk cr up 5% QoQ & 18% YoY.
AsterDM Healthcare: Company concludes segregation of GCC business via sale of unit.
L&T: Company said the tax authority of Qatar has imposed a penalty of ₹60.84 crore for the tax period April 1.
Sobha: Company reported a total sales value of ₹1,504 crore compared to ₹1,463 crore
Vedanta: Company commences mining in Goa’s Bicholim block.
HDFC Bank: ADR surges the most in two years after robust business updates.
Cipla: US FDA has issued Form 483 with 6 inspectional observations for Cipla’s manufacturing unit at Patalganga, Maharashtra.
Hero Motocorp: Company gets tax demand of ₹309 cr and interest of ₹296 cr; says to appeal tax demand
April 05, 2024 08:56
Stock Market Live Today: Amidst heat wave warning, AC makers, dairy stocks may sizzle
With the Met Department warning of an intense heatwave across the country for the next three months, we look at some of the sectors that may stand to gain this summer. Brokerages and financial analysts bet big on air-conditioner (AC) makers, dairy companies and consumer durables, especially fan manufacturers.
Avinash Kumar, Research Analyst at LKP Securities, told businessline, “Demand for ACs seems good as the average temperature is moving up and expected to perform well, further backed by the IMD report. It also predicted El Nino conditions to persist for most of this period which could benefit the AC market.”
April 05, 2024 08:54
Stock Market Live Today: Garware Technical Fibres Ltd.- Buyback Closes Today
Route – Tender
Buyback Price: 3800/-
Current Market Price: 3346.50/-
Market Cap: Rs 6,900 crores
Buyback Size: ₹199.50 Crs (Representing 19.63% and 19.91% of the aggregate of the Company’s fully paid-up equity capital and free reserves)
Buyback Size: 5,25,000 shares (Representing 2.58 % of O/s. shares)
Retail Quota: 78,750 Shares
Entitlement:
General Category – 2 Equity Share for every 89 Equity Shares held on the Record Date
Retail Category – 2 Equity Share for every 13 Equity Shares held on the Record Date
Buyback Record Date: 26 March 2024
Tender Period:
Start Date – 01 April 2024
Close Date – 05 April 2024 (Today)
Obligation Date – 12 April 2024
Settlement Date – 15 April 2024
April 05, 2024 08:53
Stock Market Live Today: Hindustan Construction Co Ltd — Right Issue_Closes Today
Issue Open – 26-March-24
Issue Close – 05-April-24 (Today)
Right issue Size: Rs. 350 Crs (16.67 Crs Shares)
Stock Price – 38.40 /-
Right issue Price: Rs. 21 /-
Payment Terms: Rs. 21 /- (Full amount of Rs. 21 for rights equity shares has to be paid on application.)
Rights Entitlement Ratio: 13 Rights Equity Share for every 118 shares held (Effectively 0.11 for every 1 share held).
Last Trade date (Cum Right): 14 March 2024
Ex-Right Trading date: 15 March 2024
Record Date: 16 March 2024
Right Entitlement (RE) Trading Period:- 26-March-2024 to 02-April-2024
Last day of Renunciation of Rights Entitlements: 02-April-2024
Date of Allotment (on or about): 16-April-2024
Date of listing (on or about): 19-April-2024
April 05, 2024 08:50
Stock Market Live Today: Stock Recommendations: Macquarie on Tech Mah
U-P, TP Rs 930
Leadership changes done; competition tough
With 37% of rev from Communications, co will find it tough to grow in line with peers even 2 yrs out without significant M&A
Employee costs have increased faster than peers, a structural challenge
April 05, 2024 08:50
Stock Market Live Today: Stock Recommendations: HSBC on Voltas
Buy, TP raised to Rs 1350
Robust demand, reduction in input costs & stable prices to drive sharp margin improvement for UCP segment
Think this is likely to be a significant positive surprise to investors and further valuation re-rating event
April 05, 2024 08:49
Stock Market Live Today: Stock Recommendations: Nomura on AU Small BK
Neutral, TP Rs 600
Pre-4Q update: Strong loan and deposit growth delivery
Loan growth of 25% y-y and 9% q-q.
Gross of loans securitized, its AUM grew by 28% y-y and 8% q-q.
CASA ratio improved 40bp q-q to 33.4% in 4Q
April 05, 2024 08:49
Stock Market Live Today: Stock Recommendations: MS on IndusInd BK
Ow, TP Rs 1925
Loan growth improved (5% vs. 4% QoQ last qtr)
Deposit growth was 4% QoQ vs. 3% last quarter (14% YoY vs. 13%).
Retail deposits growth moderated (2.5% QoQ vs. 5%), partly owing to 1-time outflow, adj. for which, growth was 4% QoQ (20% YoY).
April 05, 2024 08:48
Stock Market Live Today: Fund Houses on Bandhan Bank
Nomura on Bandhan BK
Buy, TP Rs 275
Sharp growth uptick; MFI collections pick up
Deposit growth strong at 15.1% q-q/25.1% y-y led by strong growth in both retail & bulk deposits
CASA growth strong at 18% q-q
Re-rating remains on consistent delivery on asset quality
Jefferies on Bandhan BK
Buy, TP 290
Loan growth improved to 18% YoY/11% QoQ
Deposit growth strong at 25%
Collection efficiency improved to 99%
RBI’s approval for Mr. Ghosh’s extension (term ends on 9July) will be key triggers
April 05, 2024 08:48
Stock Market Live Today: Stock Recommendations: Jefferies on Bajaj Fin
Buy Call, Target Rs 9,400
Q4FY24 Pre-qtr Update Shows Robust AUM Growth Of 34% Vs 35% In Q3
Q4FY24 Pre-quarter AUM Slightly Above Our Estimate Of 33% In FY24
Growth In Customer Base Was Healthy, At 21% YoY
Key Miss Was On New Loan Bookings, Where Growth Fell From 26% YoY (QoQ)
New Loan Bookings Might Have Been 15% If Not For Restrictions On eCom & Insta EMI Card
Co Has Submitted Details To RBI, And Lifting Of Restrictions Is Key
April 05, 2024 08:47
Stock Market Live Today: Fund Houses on HDFC Bank
Nomura on HDFC BK
Neutral, TP Rs 1625
Pre-4Q update: Strong q-q deposit accretion; soft loan growth
Deposit growth strong at 7.5% q-q (17% y-y) in a generally seasonally strong 4Q
MS on HDFC BK
OW, TP Rs 1900
Deposit Growth Surprises +vely
Overall deposit growth accelerated to 7.5% (+17% YoY), vs. 2% in prior qtr
Retail deposit growth strong (+7% QoQ; increase of Rs1.3trn)
Gross loan growth moderated to 2% QoQ, vs. 5% in the prior qtr.
HSBC on HDFC BK
Buy, TP Rs 1750
Deposit performance (+Rs1.66tn deposits q-o-q) in 4Q above est of +Rs1.2-1.3tn
Val @13x FY26e EPS still very attractive
Macquarie on HDFC BK
O-P, TP Rs 2000
Consolidation strategy playing out well
Surprising +vely on deposit growth
April 05, 2024 08:40
Stock Market Live Today: Opening Bid: Sensex, Nifty set to open negative on Friday, eyes on RBI credit policy
Domestic markets are expected to open negative on Friday. The focus will be on the outcome of the Reserve Bank of India’s credit policy. Besides, global cues will set the tone for the domestic market.
Gift Nifty at 22,525 signals, a gap down opening of about 100 points for NIfty, as Nifty April futures on Thursday closed at 22,612. According to analysts, the unabated selling by foreign portfolio investors will likely keep the market under pressure.
Asian equity indices are trading negatively, with most of them falling around one per cent in early Friday trading, tracking the overnight weakness in the US market. Japanese markets were the worst affected among the major Asian equities, as the Nikkei dropped over 2.4 per cent.
April 05, 2024 08:13
Stock Market Live Today: Fund Houses Recommendations
Jefferies on Bajaj Finance: Maintain Buy on Company, target price at Rs 9400/Sh (Positive)
JP Morgan on Bajaj Finance: Maintain Overweight on Company, target price at Rs 8500/Sh (Positive)
Citi on Bajaj Finance: Maintain Buy on Company, target price at Rs 8975/Sh (Positive)
Citi on Aavas Finance: Maintain Buy on Company, target price at Rs 1830/Sh (Positive)
Macquarie on HDFC Bank: Maintain Outperform on Bank, target price at Rs 2000/Sh (Positive)
MS on HDFC Bank: Maintain Overweight on Bank, target price at Rs 1900/Sh (Positive)
HSBC on HDFC Bank: Maintain Buy on Bank, target price at Rs 1750/Sh (Positive)
Nomura on Bandhan Bank: Maintain Buy on Bank, target price at Rs 275/Sh (Positive)
JP Morgan on Bandhan Bank: Maintain Overweight on Bank, target price at Rs 270/Sh (Positive)
Citi on Indusind Bank: Maintain Buy on Bank, target price at Rs 2010/Sh (Positive)
MS on Indusind Bank: Maintain Overweight on Bank, target price at Rs 1925/Sh (Positive)
Bernstein India Strategy: Add Zomato and ICICI Bank to the portfolio (Positive)
UBL on Bajaj Finance: Maintain Overweight on Company, target price at Rs 6800/Sh (Neutral)
Nomura on HDFC Bank: Maintain Buy on Bank, target price at Rs 1625/Sh (Neutral)
Citi on Dabur: Maintain Sell on Company, cut target price at Rs 500/sh from Rs 520/Sh (Negative)
Citi on Bata: Maintain Sell on Company, cut target price at Rs 1000/Sh (Negative)
Citi on Page Ind: Maintain Sell on Company, cut target price at Rs 31300/Sh (Negative)
Bernstein India Strategy: Remove Cipla from portfolio as coverage on healthcare (Negative)
April 05, 2024 08:12
Stock Market Live Today: Bandhan MF launches Bandhan Innovation Fund, targeting companies driving innovative breakthroughs
Bandhan Mutual Fund has launched Bandhan Innovation Fund, an open-ended thematic fund dedicated to investing in companies at the forefront of innovative breakthroughs. The fund targets companies with substantial R&D investment, high skilled-employee costs, potentially higher margins or growth, unique products or services, non-linear business models, and a notable brand presence. The New Fund Offer (NFO) begins on Wednesday, April 10, 2024, and will conclude on Wednesday, April 24, 2024. Investments in the Bandhan Innovation Fund can be made through licensed mutual fund distributors, investment advisors, online platforms, and directly throug its web site.
April 05, 2024 08:12
Stock Market Live Today: Bonus Issue Dates
Promax Power Ltd
Bonus issue 1:1
Previous day Closing Price – Rs. 136.55
Ex Bonus 08 April 2024 (Monday)
Last date Trade for Before Bonus Today
April 05, 2024 08:11
Stock Market Live Today: Dividend Dates
Ex-Dividend 08 April 2024 (Monday)
Last date for Cum-Dividend Today
Indian Metals & Ferro Alloys Ltd.
Special Dividend Per Share Rs.5
Previous day Closing Price – Rs. 733.3
Prima Plastics Ltd.
Dividend Per Share Rs.2
Previous day Closing Price – Rs. 198.15
Sun Tv Network Ltd.
Dividend Per Share Rs.3
Previous day Closing Price – Rs. 619
April 05, 2024 08:11
Stock Market Live Today: NSE to introduce 4 new indices in capital, F&O segments
— Shrey Jain, Founder and CEO SAS Online – India’s Deep Discount Broker
New indices tracking promising themes such as manufacturing, infrastructure and healthcare should offer more investment avenues to savvy investors. Mutual Funds may come out with exchange traded funds tracking these indices, which should act as a low-cost investment avenue offering market returns. Nifty500 Multicap India Manufacturing 50:30:20 index comprising stocks of 75 manufacturing companies of varying sizes can create value for investors in the long term.
Nifty Mid Small Healthcare index and Nifty500 Multicap Infrastructure 50:30:20 index can complement the existing large-cap biased indices such as Nifty Healthcare and Nifty infrastructure. Products based on these indices can help investors invest in shares of companies that are under-owned in most mutual funds and other institutional portfolios.
It will be interesting to watch out for specifications of the futures and options contracts on these indices.
April 05, 2024 08:10
Stock Market Live Today: Key trade details: April 4, 2024
Provisional Cash Rs. In Crs. (4thApr)
FIIs -1,136 (13,479 – 14,615)
DIIs -893 (12,219 – 13,112)
Sensex: 74,228: +351: +0.47%
Nifty: 22,515: +80: +0.36%
BankNifty: 48,061: +437: +0.92%
NiftyIT: 35,427: +379: +1.08%
MIDCAP 100 : 49,744: +7: +0.01%
NSE Auto: 21,652: +97: +0.45%
NSE FMCG: 53,634 (-232) (-0.43%)
Dow: 38,597 (-530) (-1.36%)
S&P: 5,147 (-64) (-1.23%)
Nas: 16,049 (-228) (-1.4%)
Brazil: 127,428: +109: +0.09%
Ftse: 7,976: +38: +0.48%
Dax: 18,403: +35: +0.19%
Cac: 8,152 (-2) (-0.02%)
MOEX: 3,408: +12: +0.35%
WTI Oil: $86.59: +1.36%
Brnt: $91.07: +1.92%
Natural Gas: 1.77 (-3.64%)
Gold: $2309 (-7) (-0.28%)
Gold 22 Carat/g: 6,410: +75: +1.33%
Silver: $27.25: +0.69%
Copper: $425: +6: +1.31%
Cotton: $87.14 (-2.07%)
Copper (LME): $9,263: +272: +3.02%
Alluminum (LME): $2,429: +49: +2.06%
Zinc (LME): $2,548: +69: +2.76%
Tin (LME): $28,395: +498: +1.79%
Eur-$: 1.0835
GBP-$: 1.2639 (-0.1%)
Jpy-$: 151.25 (-0.3%)
Re: 83.4450: +0.01%
USD-RUB: 92.250 (-0.05%)
US10yr: 4.31%: -4 bps
GIND10YR: 7.094 (-0.14%)
$ Index: 104.207 (-0.04%)
Vix: 16.35: +14.1%
India Vix: 11.22 (-1.32%)
BalticDry: 1,711 (-3) (-0.17%)
ADR/GDR
Cogni (-0.32%)
Infy: +0.11%
Wit: +1.05%
IciciBk (-0.27%)
HdfcBk: +5.09%
DrRdy (-0.32%)
TatSt (-0.51%)
Axis: +0.63%
SBI (-1.51%)
RIGD (%)
INDA (-0.22%) (IShares MSCI INDIA ETF)
INDY: +0.32% (IShares MSCI INDIA 50 ETF)
EPI (-0.37%) (Wisdom Tree India Earning)
PIN: +0.06% (Invesco India Exchange Traded Fund Trust)
April 05, 2024 08:08
Stock Market Live Today: Listing of new securities
Listing of new securities of Remsons Industries Ltd
9,92,400 equity shares of Rs. 10.00/- each issued at a premium of Rs.470/- to Non-Promoters on a preferential basis
Listing of New Securities of Gokaldas Exports Ltd
27,31,366 equity shares of Rs. 5/- each issued at a premium of Rs.901.14/- to Non Promoters on a preferential basis.
Listing of New Securities of Share India Securities Ltd.
1,50,638 Equity Shares of Rs.10/- each issued at a premium of Rs. 690/- on rights basis.
Listing of New Securities of Murudeshwar Ceramics Ltd
28,50,000 equity shares of Rs. 10/- each issued at a premium of Rs.37/- to Promoters on a preferential basis pursuant to conversion of warrants.
Listing of New Securities of Nazara Technologies Limited
28,66,474 equity shares of Rs. 4/- each issued at a premium of Rs.868.15/- to Non Promoters on a preferential basis.
Listing of Securities SpiceJet Limited
40100000 equity shares of Rs. 10/- each issued at a premium of Rs.40 to Non Promoters on a preferential basis .
Listing of new securities of ANGEL ONE LIMITED
5870818 Equity shares of Rs.10/ each allotted to QIBs pursuant to QIP @ 2555.01.
April 05, 2024 08:08
Stock Market Live Today: Kotak Life and Jana Small Finance Bank forge corporate agency partnership
Kotak Mahindra Life Insurance Company Ltd (“Kotak Life”) today announced its corporate agency partnership with Jana Small Finance Bank. The partnership will benefit 52 lakh customers of Jana Small Finance Bank by offering a wide range of tailor-made life insurance solutions provided by Kotak Life through the Bank’s 781 banking outlets spread across 22 States and 2 Union Territories.
April 05, 2024 07:48
Stock Market Live Today: FPIs in a spot over RBI currency derivatives diktat
Foreign portfolio investors (FPIs) are in a bind over the new currency derivatives diktat from the Reserve Bank of India (RBI), even as the deadline for the applicability of the circular has been extended from April 5 to May 3.
Some of the investors will be compelled to square off their positions before May 3 or face penal action from the regulator. Custodians who handle trades for these investors had reached out to the RBI for clarity.
April 05, 2024 07:46
Stock Market Live Today: Securities in F&O Ban For Trade Date 05-April-2024
* HINDCOPPER
* SAIL
* ZEEL
April 05, 2024 07:44
Stock Market Live Today: Stocks that will see action today: April 5, 2024
Buzzing Stocks: HDFC Bank, L&T, Cipla, Aavas Financiers, Nazara Tech, Prestige Group, Hero MotoCorp, Kamat Hotels, Indian Hotels, SecureKloud, Avanti Feeds, Tiger Logistics, Tanvi Foods, Aeroflex Ind, Nestle India, LTIMindtree, Sula Vineyards, IOL Chem, Cello World, Indraprastha Medical
April 05, 2024 07:37
Stock Market Live Today: Broker’s call: Macquarie – AB Capital (Outperform)
We believe Aditya Birla Capital (ABCL) is poised to show strong growth in loans and earnings driven by its lending (NBFC and HFC) and savings (life insurance) businesses in the next several years.
The moats here are: strong parentage and AAA rating providing access to competitive funding; leveraging the ABG group and ABCL ecosystem for cross-selling and upselling in NBFC, insurance, and other segments; diversified product suite and distribution mix avoiding concentration risk in terms of product segment dependency (strong AUM CAGR despite scale down of personal loans).
April 05, 2024 07:36
Stock Market Live Today: Broker’s call: Elara Securities – Muthoot Finance (Buy)
Muthoot Finance is in a sweet spot, given robust growth prospects backed by sound fundamentals and sectoral tailwinds. Fundamentals are underscored by proven moats of leadership and higher productivity (AUM per branch at ₹14.50 crore vs ₹8 crore for IIFL Finance and a mere ₹5.6 crore for MGFL), steady-state branch and customer expansion, customer segmentation with limited share of 27 per cent in the above ₹3,00,000 ticket size which faces rising competition and increased thrust on marketing & digital initiatives along with enhanced customer service to strengthen Muthoot’s competitive positioning.
April 05, 2024 07:35
Stock Market Live Today: In Q4, private banks post robust credit growth; deposits, too, pick up pace
Credit growth for most banks remained robust in the last quarter of FY24, maintaining a steady growth rate of 15-25 per cent, as per provisional quarter-end numbers declared by lenders so far.
A positive trend was the increase in the pace of deposit growth amid concerns regarding stretched loan-to-deposit ratios and loan growth consistently outpacing deposit growth. While year-over-year deposit growth was largely in line with credit growth at 14-26 per cent, sequential growth was higher at 4-15 per cent compared with 1-8 per cent in the previous quarter.
April 05, 2024 07:12
Stock Market Live Today: Foreign brokers allowed to operate remotely at Gift IFSC
The International Financial Services Centres Authority has allowed remote trading by foreign stock broking firms on Gift IFSC exchanges.
Such firms will be allowed to trade directly on the stock exchanges on a proprietary basis, without a broker-dealer even if they do not have a physical presence at Gift IFSC in the form of a physical office or staff. Such entities will be referred to as Remote Trading Participants, or RTPs. At present, countries such as Singapore, Japan, Israel and the US allow remote membership of brokers.
April 05, 2024 06:55
Stock Market Live Today: Today’s Stock Recommendation: 5 April 2024
Here’s an interesting stock idea: The stock that we have today is Finolex Industries. After consolidating in a tight range, it has broken out this week. It has been in a downtrend since September last year. In the short-term, too, it is likely to decline.Check out the latest episode of Today’s Pick to learn more.
April 05, 2024 06:54
Stock Market Live Today: Stock to buy today: Finolex Industries (₹254.6)
Finolex Industries’ stock rallied in the second half of March. It bounced off the support at ₹205 and touched ₹250 by the end of last month. After reaching ₹250, the uptrend lost momentum. Although there was no bearish trend reversal, the stock was held in a sideways range over the past week. It was oscillating in the tight range of ₹243-254.
April 05, 2024 06:53
Stock Market Live Today: Economic Calendar – 05.04.2024
10:00 INDIA RBI Monetary Policy (Expected: 6.5% versus Previous: 6.5%)
12:00 INDIA RBI Governor Press Conference
18:00 U.5. Non-Farm Employment Change (Expected: 205K versus Previous: 275K)
18:00 U.S. Unemployment Rate (Expected: 3.9% versus Previous: 3.9%)
April 05, 2024 06:48
Stock Market Live Today: Trading guide for April 5, 2024: Intraday supports, resistances for Nifty50 stocks
Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS and SBI
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