Stock market Update on Thursday, April 04: HDFC Bank was leading the rally after the private sector lender reported over 100% YoY growth in retail loans for the quarter ended March 2024.
 "markets, market, stock brokers, stock broker, trader, bse, loss")
Stock market updates on April 04, 2024: Benchmark equity indices rallied to all-time new highs in Thursday’s intra-day deals led by strong gains in index heavyweight HDFC Bank, after the private sector lender reported over 100 per cent YoY growth in retail loans in Q4.
The S&P BSE Sensex hit a new summit at 74,501, and quoted 400 points higher at 74,270 levels. The NSE Nifty 50 scaled a high of 22,619, and was seen hovering around the 22,550 levels.
HDFC Bank was up nearly 3% at Rs 1,524. NTPC, Axis Bank, Power Grid Corporation and Tata Steel were the other major gainers. On the other hand, IndusInd Bank, Sun Pharma and HCL Technologies were among the notable Sensex loses.
In the broader market, the BSE MidCap index surged 0.6 per cent, while the SmallCap soared 1 per cent.
9:51 AM
ALERT :: Som Distilleries reports highest-ever beer sales in a month since entering Karnataka
9:40 AM
Market Check :: Top losers on the BSE post initial gap-up
9:33 AM
Market Check :: Top gainers on the BSE post initial gap-up
9:31 AM
Vodafone Idea off highs; Board to meet on April 6 for fund raise
>> VIL, post market hours on Wednesday, said that the telecom services provider will hold a board meet on Saturday, April 6, to consider issuing equity or convertible securities worth Rs 2,075 crore on a preferential basis to one or more promoter group entities.
9:29 AM
KEC International advances nearly 9% on order win worth Rs 816 crore
>> KEC International has secured new orders of Rs 816 crore across its various businesses, including Civil, Mining, Transmission and Distribution, and Cables.
9:28 AM
Avenue Supermarts surges 4% as revenue grows 20% YoY in Q4
>> The company’s standalone revenue from operations stood at Rs 12,393.5 crore, up 19.9 per cent Y-o-Y in Q4FY24.
9:26 AM
Buzzing stock :: Suryoday SFB zooms 13% on solid Q4 growth
>> At the end of March 2024, the bank’s gross advances stood at Rs 8,650 crore, up 41 per cent Y-o-Y. Total deposits, on the other hand, were up 50 pec cent Y-o-Y to Rs 7,775 crore. Loan disbursements in the reporting quarter were up 39 per cent Y-o-Y at Rs 2,340 crore.
9:24 AM
RBL Bank off highs, still up 2% post Q4 update
>> The lender’s deposits increased 22 per cent year-over-year (Y-o-Y) to Rs 1.03 trillion in Q4FY24. Its loan advances, meanwhile, jumped 19 per cent Y-o-Y to Rs 85,640 crore.
9:23 AM
Buzzing stock :: HDFC Bank leaps nearly 3% amid strong deposit growth QoQ in Q4
9:21 AM
Broader markets :: Mid, SmallCap indices gain in-line with benchmarks
9:20 AM
Sectoral trends :: Broad-based gains sweep markets, Bank, Metal indices rise 1%
9:19 AM
Sensex Heatmap :: 26 gainers on 30-stock index; HDFC Bank zooms 2.5%
9:17 AM
ALERT :: Nifty claims new lifetime high of 22,619
9:16 AM
ALERT :: Sensex hits record high of 74,501 in opening deals
9:10 AM
Pre-Open Session :: Nifty leaps 150 pts, nears 22,600
9:09 AM
Pre-Open Session :: Sensex climbs over 500 pts
9:03 AM
Currency check :: Rupee opens flat vs US dollar
9:02 AM
Brokerages expect a gradual recovery in advertising revenues for Sun TV
The stock of Sun TV Network is down 17 per cent from its January highs on weaker-than-expected December quarter performance, delays in the pickup of advertising revenues, and a cut in earnings expectations. Brokerages are positive on the stock given its attractive valuations and expect a re-rating if there is value unlocking for its IPL franchise. READ MORE
8:58 AM
Blackstone to invest $2 bn annually in India with primary focus on infra
US-based private equity (PE) giant Blackstone Group, which has already invested $50 billion in India, plans to inject an additional $25 billion into the country’s economy in the years ahead, with primary focus on infrastructure, data centres, and logistics. READ MORE
8:55 AM
Govt hikes windfall tax on crude to Rs 6,800 for 5th time since Feb
The Indian government has raised its windfall tax on petroleum crude for the fifth time since February to Rs 6,800 ($81.43) a metric tonne from Rs 4,900 with effect from April 4, the government said in a notification on Wednesday. READ MORE
Don’t miss the most important news and views of the day. Get them on our Telegram channel
First Published: Apr 04 2024 | 7:39 AM IST
