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Stock Market Highlights: Nifty forms green candle on daily chart; hits new all-time high
08 Apr, 2024 | 09:41:32 PM IST
Nifty positive chart patterns are unchanged and the present up-move is in line with the new higher top formation of the pattern. The short-term uptrend of the Nifty remains intact and the next upside levels to be eyed are around 22,800 (1.618% Fibonacci projection). Immediate support is at 22,520 levels, said Nagaraj Shetti of HDFC Securities.
1 New Update
Bain Capital offers 33.4 million Axis Bank shares in block
- Bain offers Axis Bank shares for Rs 1071-Rs1076.05 each
- Bain Capital seeks up to $431 mn in Axis Bank block trade
Shell mulls New York listing
Oil major Shell is considering quitting the London Stock Exchange for New York as it looks at "all options" for its listing, the Telegraph reported on Monday, citing the company's top boss.
US stocks open higher as megacaps gain, higher yields weigh
Wall Street's main indexes opened higher on Monday as most megacap stocks gained, although gains were kept in check after Treasury yields rose on rising bets that the U.S. Federal Reserve could delay rate cuts this year.
The Dow Jones Industrial Average rose 12.38 points, or 0.03%, at the open to 38,916.42.
The S&P 500 opened higher by 7.03 points, or 0.14%, at 5,211.37, while the Nasdaq Composite gained 36.66 points, or 0.23%, to 16,285.18 at the opening bell.
The Dow Jones Industrial Average rose 12.38 points, or 0.03%, at the open to 38,916.42.
The S&P 500 opened higher by 7.03 points, or 0.14%, at 5,211.37, while the Nasdaq Composite gained 36.66 points, or 0.23%, to 16,285.18 at the opening bell.
NSE announces trading holiday on May 20
The holiday is on account of parliamentary elections.
Nifty likely to consolidate within a range
Nifty has reached near the upper band of the rising wedge, which might act as resistance in the short term. Over the short term, the index might consolidate within a range. On the lower end, support is placed at 22,500, below which the index might fall back into consolidation.
FPIs turn net sellers on Monday
Foreign portfolio investors were net sellers at Rs 681 crore on Monday. DIIs, meanwhile, bought shares worth Rs 3,470 crore.
Gold jumps Rs 350 to hit fresh record high of Rs 71,700 per 10 grams
Gold prices in the national capital hit an all-time high on Monday and jumped Rs 350 to Rs 71,700 per 10 gm following a pick-up in safe-haven demand for the precious metal, according to HDFC Securities. The yellow metal prices have seen remarkable gains so far in 2024, becoming costlier by over Rs 7,700 per 10 gm. In the previous session, gold had ended at Rs 71,350 per 10 gm.
The Indian rupee traded within a narrow range of 83.24-83.33, experiencing a gap-up opening but later surrendering gains due to a slight recovery in the dollar index. However, despite this, the rupee initially benefited from weak crude oil prices. The recovery of crude oil prices by 2% later in the day caused the rupee to relinquish its gains. Looking ahead, the rupee is expected to continue its sideways trend within the range of 83.15-83.55.
- Jateen Trivedi, VP Research Analyst, LKP Securities
Rupee ends on a flat note
Rupee settles on a flat note at 83.31 (provisional) against US dollar.
Transformers and Rectifiers (India) Q4 cons net profit rises
- consol net profit at Rs 39.93 cr versus profit of Rs 9.02 cr
- consol revenue from operations at Rs 513 cr versus Rs 438 cr
Closing Bell: Sensex scales new record, up 494 pts; Nifty above 22,650
Maruti, M&M rise 3% each
Vikaas M Sachdeva shares framework for identifying future multibaggers in 4-5 years
“Our equity funds focus on investing in quality stocks with a high growth generation ability aimed at multiplying your money 2x – 3x in 4 – 5 years,” says Vikaas M Sachdeva, MD, Sundaram Alternates.
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Price as on 03:08:19 PM 03:08 PM, Click on company names for their live prices.
Sebi approves Aadhar Housing Finance IPO
Capital markets regulator Sebi has approved the IPO of leading affordable housing finance company Aadhar Housing Finance. The company, which aims to raise around Rs 5,000 crore through the offer, had filed its draft papers in February.
Sensex Today | Stock Market LIVE Updates: Niit says Pankaj Prabhakar Jathar appointed as CEO
Price as on 02:38:57 PM 02:38 PM, Click on company names for their live prices.
Bitcoin hits three week high, up 6.8%
Bitcoin's price as of now is $72,100.
Sensex Today | Stock Market LIVE Updates: Zodiac Energy to consider raising of funds
Price as on 02:34:10 PM 02:34 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Auto among top sectoral gainers on NSE
Price as on 02:02:29 PM 02:02 PM, Click on company names for their live prices.
As FY25 starts with a bang, will Dalal Street bulls see history repeating in Q1?
The new financial year has begun positively for Dalal Street, mirroring past equity market trends. Despite early 2024's ups and downs, experts anticipate a favorable outcome akin to previous years.
According to ETMarkets analysis, Nifty 50, Nifty Midcap 100, and Nifty Smallcap 250 have recorded double-digit gains thrice in the June quarter over the last five years. Investors are optimistic about potential market performance this quarter.
According to ETMarkets analysis, Nifty 50, Nifty Midcap 100, and Nifty Smallcap 250 have recorded double-digit gains thrice in the June quarter over the last five years. Investors are optimistic about potential market performance this quarter.
Sensex Today | Stock Market LIVE Updates: RVNL receives work order worth Rs 47 crore from Central Railways
Price as on 01:41:39 PM 01:41 PM, Click on company names for their live prices.
SENSEX SURGES 600 PTS: RIL, M&M lead contributors
Reliance and other index heavyweights drive Sensex 600 points higher.
Sensex Today | Stock Market LIVE Updates: Jammu & Kashmir Bank says provisional total deposits grow 10.44% YoY as of March end
Price as on 01:11:07 PM 01:11 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Grasim Industries says Birla pivot unit aspires to hit $1 billion revenue in next 3 yrs
Price as on 01:09:19 PM 01:09 PM, Click on company names for their live prices.
Pakistan's benchmark share index hits all-time high, up 1.1%
Pakistan's benchmark share index hit an all-time high, up 1.1% during intraday trade on Monday, breaching 69,000 points, data from the Pakistan Stock Exchange showed.
Sensex Today | Stock Market LIVE Updates: Exide Inds., Bandhan Bank among top gainers & losers at this hour
Price as on 01:06:22 PM 01:06 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Voltas shares soar 8%, hit their 52-week high of Rs 1,392 after co reported record sales of 20 lakh units of air conditioners in FY 2023-24.
Price as on 12:43:22 PM 12:43 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: 12.7 lakh shares of ONGC trade hands via block deals
Price as on 12:37:35 PM 12:37 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Tech picks: These 8 stocks can rally up to 21% in short term
Amid a strong market setup, take a look at 6 stocks that signals upside on technical charts:
Sensex Today | Stock Market LIVE Updates: Sensex surges over 500 points
- Sensex trades at record high level
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Price as on 12:18:13 PM 12:18 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: NTPC aims for 5 GW capacity addition in FY25
Price as on 11:57:15 AM 11:57 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Shares of Info Edge surges over 9%, hits fresh 52-week high after the Naukri.com operator reported a 10.45% year-on-year (YoY) jump in its standalone March quarter billings at Rs 826.9 crore.
Price as on 11:53:26 AM 11:53 AM, Click on company names for their live prices.
Commodity Market Update | Gold gains Rs 440/10 grams, tops Rs 71K for first time; silver at fresh peak
Gold and silver prices hit new lifetime highs in the opening trade on Monday continuing their dream run on the Street. Gold contracts on MCX hit a life high of Rs 71,080 per 10 grams jumping Rs 440 or 0.62%. Meanwhile, silver futures scaled a new peak of Rs 82,064. It was trading at Rs 81,939, rising Rs 1076 or 1.33%, around 10:10 am.
Sensex Today | Stock Market LIVE Updates: MG Motor India,Adani TotalEnergies E-Mobility sign MoU to strengthen EV ecosystem.
Price as on 11:33:51 AM 11:33 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Top stocks that hit fresh 52-week high today
Sensex Today | Stock Market LIVE Updates: Muthoot Microfin's AUM expanded by 32% YoY as of March 31, reaches Rs 12,194 crore
Price as on 11:20:13 AM 11:20 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Edelweiss Financial Services announces Rs 200 crore public issue of NCDs
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Sensex Today | Stock Market LIVE Updates: Keystone Realty Q4 FY24 business update
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Sensex Today | Stock Market LIVE Updates: Shares of Bandhan Bank on Monday tanked over 9% after the private sector lender said its founder, managing director and CEO Chandra Shekhar Ghosh has decided to demit office after the completion of his tenure.
Price as on 10:52:29 AM 10:52 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: JSW Steel reports its highest ever annual consolidated crude steel production of 26.43 million tons surpassing its yearly production guidance .
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Sensex Today | Stock Market LIVE Updates: Realty firm Godrej Properties Ltd (GPL) on Monday said it has sold over 1,050 homes worth over Rs 3,000 crore within three days of launch of its new project at Gurugram, in Haryana. This reflects strong sales momentum in the residential segment. Gurugram has seen a number of successful launches of housing projects in the last 18 months, where apartments got sold within a matter of few days.
Price as on 10:23:12 AM 10:23 AM, Click on company names for their live prices.
New Listings Alert!
- Yash Optics: Listing at Rs 90 versus issue price of Rs 81 // 11% premium
- K2 Infragen: Listing at Rs 167 versus issue price of Rs 119 // 40% premium
- Jay Kailash Namkeen: Listing at Rs 85 versus issue price of Rs 73 // 16.43% premium
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Price as on 10:02:05 AM 10:02 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Som Distilleries announces the commencement of commercial production from today on the increased capacity at Karnataka plant
Price as on 10:00:32 AM 10:00 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: BSE m-cap hits Rs 400 lakh crore mark for the first time
Sensex Today | Stock Market LIVE Updates: Jefferies initiated coverage on IDFC First Bank with a buy rating and a target price of Rs 100.
Price as on 09:46:26 AM 09:46 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Voltas shares are locked in the 10% upper circuit as the company celebrates the highest ever landmark of 2 million units of AC sales in FY 2023-24
Price as on 09:33:48 AM 09:33 AM, Click on company names for their live prices.
Forex Alert | Rupee rises 4 paise to 83.27 against US dollar in early trade
Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
It is important to understand that macroeconomic expectations are changing fast. This year began with market expectations of seven rate cuts by the Fed in 2024. Then it came down to three and now many believe that the Fed may cut only twice this year. The strength of the US economy and labour market has surprised the majority of experts and market participants. Despite the scaling down of rate cut expectations the mother market continues to be buoyant, setting new records. This will provide the global support for equity markets like India.
The Q4 results season will kick start results of TCS on 12th. For IT companies, results will be tepid and, therefore, market response will depend on the management commentary. Results of financials will be good and this can push up Bank Nifty higher led by banking majors like HDFC Bank, ICICI Bank etc. Small finance banking segment is a category doing well. Capital goods and autos are on a strong wicket. FMCG is weak weighed by poor volume growth.
The Q4 results season will kick start results of TCS on 12th. For IT companies, results will be tepid and, therefore, market response will depend on the management commentary. Results of financials will be good and this can push up Bank Nifty higher led by banking majors like HDFC Bank, ICICI Bank etc. Small finance banking segment is a category doing well. Capital goods and autos are on a strong wicket. FMCG is weak weighed by poor volume growth.
Sensex Today | Stock Market LIVE Updates: Most active stocks on NSE
Price as on 09:21:37 AM 09:21 AM, Click on company names for their live prices.
Opening Bell: Sensex jumps over 250 points, hits fresh high; Nifty near 22,600; Voltas rallies 7%, Bandhan Bank tanks 8%
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex rises 350 points; Nifty above 22,575
Sensex Today | Stock Market View: Prashanth Tapse, Senior VP (Research), Mehta Equities
Optimism prevails on Dalal Street as investors prioritize the anticipation of strong Q4 corporate profits in India over the Fed's rate-cut plans. TCS's upcoming Q4 earning season kickoff on April 12th is pivotal, with Nifty holding steady at the 22121 mark. Geopolitical tensions push oil prices to $87 a barrel, while inflation takes the spotlight with the March US CPI release. Nifty faces resistance at 22619, supported by a Put-Call Open Interest Ratio of 1.17. FIIs bought Rs. 1659 crores, contrasting DIIs' sales of Rs. 3370 crores. Nifty's options data suggests a 21500-22700 trading range, with 22700 emerging as a key resistance and 22000 as primary support. India VIX recedes to 11.22 levels, signalling reduced volatility. Recommended trades include buying Nifty and Bank Nifty, with EICHER MOTORS (CMP 4031) presenting a compelling buy opportunity with a stop at 3823 and targets at 4101/4201, driven by momentum play. Bullish sentiment persists on stocks like EICHER MOTORS, CANARA BANK, IPCA LAB, and M&M, encouraging buying on corrective declines.
Sensex Today | Stock Market LIVE Updates: Asian stocks hesitant, dollar firms as US payrolls dent Fed rate cut wagers
Asian shares started the week on a subdued note on Monday, while the dollar firmed as investors weighed when the U.S. Federal Reserve will start cutting rates in the wake of yet another blowout jobs report.
