Stock Market LIVE Updates: GIFT Nifty suggests a gap-down start; US, Asian markets fall, crude jumps $3

Apr 19, 2024
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Sensex Today | Stock Market LIVE Updates: On the sectoral front, bank and FMCG up 0.4 percent each, while healthcare, auto IT, power and realty down 0.3-1 percent.

April 19, 2024 / 01:55 pm IST

  • Stock Market LIVE Updates: Nifty back near 22,120, Sensex up 450 pts; Bharti Airtel, HDFC Bank, ITC top gainers

    Stock Market Today

    Moneycontrol.com

  • April 19, 2024 / 01:49 PM IST

  • April 19, 2024 / 01:42 PM IST

    Stock Market LIVE Updates | Nifty 50 heavyweight HDFC Bank is scheduled to release its quarterly earnings on April 20. Expectations are that the earnings will match the strong operational update for the March quarter

  • April 19, 2024 / 01:31 PM IST

  • April 19, 2024 / 01:30 PM IST

    Sensex Today | Landmark Cars Q4 revenue rises 8.2% to Rs 1,311 crore

    Landmark Cars has recorded revenue from operations (on proforma basis) at Rs 1,311 crore for quarter ended March FY24, growing 8.2% over a year-ago period. Vehicle sales stood at Rs 1,049 crore for the quarter, up 3.55% YoY.

  • April 19, 2024 / 01:26 PM IST

    Sensex Today | Bernstein keeps outperform rating on Bajaj Auto, target Rs 10,300 per share

    -A beat on all fronts in Q4, with margin & volume strength emerging as key drivers

    -Management remained bullish on outlook for domestic business & on electric vehicles

    -On 3Ws, the industry growth is expected to moderate to single digits

    -Management anticipates faster growth for its volumes driven by E-3Ws

    -Margins remained healthy, driven by improvements in product mix

    -Margin story on EVs should take some more time to evolve

  • April 19, 2024 / 01:25 PM IST

    Sensex Today | Nifty Realty index down 1 percent; Phoenix Mills, Godrej Properties, Sunteck Realty among major losers

    NIFTY REALTY Top Stock Losers (Intra-day)

  • April 19, 2024 / 01:22 PM IST

  • April 19, 2024 / 01:20 PM IST

    Sensex Today | HSBC Keeps buy rating on HDFC Life Insurance, target cut to Rs 750 from Rs 800

    -Q4 VNB margin was weaker than we expected

    -VNB margin impacted by change in product mix & rising competitive pressure

    -Management plans to focus on APE growth over margins in FY25

    -Management is looking to grow VNB in the mid-teens

    -Cut FY25-27 VNB margins estimate by 110/70/70 bps

  • April 19, 2024 / 01:17 PM IST

    Stock Market LIVE Updates | Goa Carbon temporarily shuts operations at Bilaspur unit

    Goa Carbon its operations at Bilaspur unit, Chhattisgarh has been temporarily shut for maintenance work from April 18.

  • April 19, 2024 / 01:15 PM IST

  • April 19, 2024 / 01:12 PM IST

    Stock Market LIVE Updates | Citi keeps neutral call on Infosys, target cut to Rs 1,550

    -Q4 results & guidance impacted by one-time contract rescoping

    -Ex of one-off, numbers would broadly have been in line

    -Deal TCV was strong, correlation between TCV & growth is limited for the sector

    -Lower the EPS estimate by 3 percent each for FY25E/26

    -Lower the target multiple to 24x (25x) given lower growth

    -All things remaining same, would buy dips, at Rs 1,350 levels

  • April 19, 2024 / 01:08 PM IST

    Stock Market LIVE Updates | FCS Software acquires 54.94% stake in Bloom Healthcare

    FCS Software Solutions Limited has acquired 54.94% equity shares in M/s. Bloom Healthcare and Hospitality Management Private Limited pursuant to conversion of 79,66,138, 0.1% non-cumulative compulsorily convertible preference shares of Rs 10 each held by the company in Bloom into 2,23,05,186 equity shares of Rs 10 each at the premium of Rs 15 each aggregating to Rs 25 per share, by the virtue of which the aggregate shareholding of the company in Bloom has raised to 71.01%.

  • April 19, 2024 / 01:05 PM IST

    Sensex Today | Jefferies maintains buy rating on Axis Bank, target Rs 1,380 per share

    -Company to discuss capital raise prospects on April 24, along with results

    -Management had indicated no immediate plan for raise

    -CET-1 CAR of 14 percent & upcoming investment in Max Life would have consumed +15 bps

    -If bank raises 15 percent of net worth as capital, it would equate to Rs 20,000-25,000 crore

    -CAR will rise by 160 bps, BVPS by 4-6 percent & RoE dilutes by 100 bps to 17 percent

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