Sensex Today Live Updates : Global peers, Gift Nifty climb, signalling strong open for India markets; BFSI stocks eyed

Sensex Today Live Updates : The yen rebounded sharply after dropping to its lowest in 34 years, spurring speculation that authorities may have intervened. Asian stocks climbed.

The Japanese currency extended gains to 2% after earlier falling past 160 per dollar for the first time since 1990. Thin liquidity due to a public holiday in the country was also cited as a reason for the volatile moves. The yen’s weakness has gathered pace since late last week as Bank of Japan Governor Kazuo Ueda played down the impact of the soft currency on fueling inflation.

“The market is very jumpy and with not a lot of liquidity, the yen becomes a sharp toy to play with,” said Rodrigo Catril, a strategist at National Australia Bank. “The risk of intervention is an added factor.”

Chinese stocks led the region’s rally, adding to signs of a revival in the once-battered market amid a return in foreign money and an improvement in earnings. The Hang Seng Index trimmed gains after rallying toward a technical bull market. Property shares surged after major developer CIFI Holdings Group Co. reached a solution with bondholders on its liquidity issues.

US equity futures also edged higher, bolstering Friday gains of more than 1% for the S&P 500 and Nasdaq 100.

Australian and New Zealand bond yields fell. An index of the dollar declined Monday. US government debt will not trade in Asian hours given the holiday in Japan.

Traders will also be focusing on the Federal Reserve’s policy meeting on Wednesday after the central bank’s preferred measure of inflation rose at a brisk pace in March, though roughly in line with estimates. With officials likely to hold rates steady at a more than two-decade high, interest will be on any pivot in the tone of the post-meeting statement and Chair Jerome Powell’s press conference.

“With all measures of US consumer prices showing a steep acceleration over the past three to four months, the FOMC is bound to row back hard from its earlier predictions of meaningful policy easing this year,” Societe Generale economists including Klaus Baader wrote in a note to clients. “That said, markets have already scaled back pricing of rate cuts drastically, so unless Chair Powell plays up the possibility of rate hikes, the market damage is likely to be modest.”

A gauge of US Treasury returns has slumped 2.3% this month, set for the biggest monthly drop since February last year, as hawkish Fedspeak and strong economic data pushed back rate-cut bets. Swaps traders now see only one Fed reduction for all of 2024, well below the roughly six quarter-point cuts they expected at the start of 2024.

Oil fell and gold edged lower in Asian trading as US Secretary of State Antony Blinken steps up efforts to secure a truce in Gaza in meetings in the Middle East on Monday, in what could be a final chance to persuade Israel to call off an attack on Rafah.

29 Apr 2024, 01:41:04 PM IST

Sensex Today Live : KPIT Technologies net profit jumps 23% YoY to ₹157.59 crore; shares climb

Sensex Today Live : Q4 net profit at ₹157.59 crore, up 23.44% YoY from ₹127.66 crore and down 16.12% QoQ from ₹187.87.

FY24 net profit at ₹617.43 crore, up 41.8% from ₹435.43 crore in FY23.

29 Apr 2024, 01:01:42 PM IST

Sensex Today Live : 1 pm market update

Sensex Today Live : Indian benchmark were climbing higher on Monday, following robust Q4 results from some companies and a strong showing by global peers.

At 1 pm, Sensex was up 697.81 points, or 0.95%, at 74,427.97, and Nifty was up 154.90 points, or 0.69%, at 22,574.85.

29 Apr 2024, 12:47:52 PM IST

Sensex Today Live : Orissa Bengal Carrier shares climb 20% after company signs agreement with Ambuja Cement to transport 1.8 lakh metric tons of material

Sensex Today Live : Orissa Bengal Carrier today announced that it has entered into a contract to transport around 1.8 lakh metric tons of materials for Ambuja Cement.

29 Apr 2024, 12:39:52 PM IST

Sensex Today Live : IREDA shares surge on getting ‘Navratna’ PSU status

Sensex Today Live : The Department of Public Enterprises (DPE) in its letter dated April 26 granted the ‘Navratna’ status to Indian Renewable Energy Development Agency (IREDA).

29 Apr 2024, 12:22:33 PM IST

Sensex Today Live : ICICI Bank, Axis Bank hit 52-week high after both banks post stellar Q4 resutls

Sensex Today Live : Shares of ICICI Bank touched a 52-week high of ₹1,143.40, while Axis Bank touched a 52-week high of ₹1,152.85, following stellar Q4 numbers from both of them.

29 Apr 2024, 12:15:34 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Barring Realty, Healthcare, FMCG and IT, all other sectoral indices were in the green. The Bank index had gained the most at 1.59%, followed by the Financial Services index, which was up 1.29%. The Oil & Gas was up 1.03%.

29 Apr 2024, 12:12:49 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was in the green, with the BSE MidCap index up 0.50%, and the BSE SmallCap index up 0.18%. 

29 Apr 2024, 12:11:23 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : 19 of the 50 stocks on the Nifty 50 were in the red. Apollo Hospitals Enterprises, HCLTech, HDFC Life, Bajaj Auto, and Adani Ports & SEZ were the top drags, while ICICI Bank, IndusInd Bank, BPCL, Axis Bank, and Tech Mahindra, were the top gainers. 

29 Apr 2024, 12:09:06 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Only four stocks, HCLTech, ITC, Wipro, and Bajaj Finserv, were in the red on the 30-stock BSE Sensex, while ICICI Bank, IndusInd Bank, Tech Mahindra, UltraTech Cement, and Axis Bank were the top gainers. 

29 Apr 2024, 12:02:11 PM IST

Sensex Today Live : 12 pm market update

Sensex Today Live : Indian benchmark were climbing higher on Monday, following robust Q4 results from some companies and a strong showing by global peers.

At 12 pm, Sensex was up 641.21 points, or 0.87%, at 74,371.37, and Nifty was up 135.60 points, or 0.6%, at 22,555.55.

29 Apr 2024, 11:45:28 AM IST

Sensex Today Live : Indiabulls Real Estate shares down more than 3% after company’s revenue declined 80% YoY

Sensex Today Live : The company reported a net loss of ₹302 crore for the quarter ending March FY24, an improvement from a loss of ₹376 crore in the same period last fiscal year. However, the company’s operational revenue saw a significant decrease, falling by 80.6% year over year to ₹21 crore for the quarter.

29 Apr 2024, 11:21:57 AM IST

Sensex Today Live : IndiGo appoints Isidro Pablo Porqueras Orea as Chief of Transformation

Sensex Today Live : IndiGo today announced the appointment of Isidro Pablo Porqueras as the Chief of Transformation for the company.

Orea was with Volotea, one of the fastest growing airlines in Europe, from 2016-2023, where he as serving as their COO for the past five years.

29 Apr 2024, 11:17:40 AM IST

Sensex Today Live : Shakti Pumps shares hit 5% upper circuit after company posts 41-fold YoY jump in net profit

Sensex Today Live : The company has reported a significant 41-fold year-on-year surge in net profit, reaching ₹89.7 crore for the quarter ending March FY24, driven by robust operational performance. The company’s operational revenue saw more than a threefold increase to ₹609.3 crore, up from ₹182.7 crore in the same period. EBITDA also saw a nearly twelvefold rise to ₹130.7 crore from ₹11 crore, with a margin expansion of 1,550 basis points, standing at 21.5%. The company has proposed a final dividend of Rs. 4 per share.

29 Apr 2024, 11:08:28 AM IST

Sensex Today Live : Dilip Buildcon wins ₹53.69 crore arbitration award in a dispute with NHAI related to the execution of Four /Six laning of sections in NH-211 in Maharashtra

Sensex Today Live : Dilip Buildcon announced today that it has won an award of ₹53.69 crore in a dispute related to the execution of a project of Four /Six laning of a section of NH-211 in Maharashtra.

However, the company added that the award may be challenged by the National Highways Authority of India in accordance with the provisions of Arbitration and Conciliation Act 1996, in which case it will appropriately defend the matter.

29 Apr 2024, 11:02:23 AM IST

Sensex Today Live : 11 am market update

Sensex Today Live : Indian benchmark were climbing higher on Monday, following robust Q4 results from some companies and a strong showing by global peers.

At 11 am, Sensex was up 522.19 points, or 0.71%, at 74,252.35, and Nifty was up 110.35 points, or 0.49%, at 22,530.30.

29 Apr 2024, 11:00:41 AM IST

Sensex Today Live : Gland Pharma receives approval for injection to control luteinizing hormone surges in women undergoing controlled ovarian stimulation

Sensex Today Live : Gland Pharma announced today that it has received approval from the US FDA for Cetrorelix Acetate for Injection, 0.25 mg/vial, Single-Dose Vial. The product is bioequivalent and therapeutically equivalent to the reference listed drug (RLD), Cetrotide for Injection, 0.25 mg/vial, of EMD Serono, Inc., the company said in an exchange filing.

It added that it expects to launch the product in the near-term through its marketing partner.

The company informed that Cetrorelix Acetate for Injection is used to prevent premature LH surges in women undergoing controlled ovarian stimulation.

29 Apr 2024, 10:55:56 AM IST

Sensex Today Live : Param Desai, Senior Research Analyst, Prabhudas Lilladher, says Apollo Hospitals’ decision to merge promoter group entity is a positive step, retains ‘BUY’ rating

Sensex Today Live : Rating: BUY | CMP: ₹6,259 | TP: ₹7,050

Apollo hospitals enterprise’s wholly-owned subsidiary Apollo HealthCo has entered into an agreement to raise equity capital of ₹2475 crore ($300 million) from Advent International for a 16.8% stake. In addition, AHL has also proposed integration of promoter group entity Keimed Pvt Ltd into AHL in a phased manner. This will create a leading integrated pharmacy distribution business complemented by fast growing omni-channel digital health business.

“While the stake sale of AHL to Advent was done below our estimates by $0.8-0.9 billion; likely merger of Keimed with AHL is a positive step and removes overhang of any leakage. Further management guidance of ₹1,750-2,000 crore EBITDA of merged entity by FY27 provides comfort. Maintain Buy rating with TP of ₹7,050 per share.

29 Apr 2024, 10:49:56 AM IST

Sensex Today Live : ICICI Bank shares up more than 2% after company’s net profit increased 17.4% YoY

Sensex Today Live : The private sector bank reported a standalone net profit of ₹10,707.5 crore for the quarter ending March FY24, representing a 17.4% increase from the same period last year, primarily due to reduced provisions for bad loans. The bank’s earnings exceeded market expectations. The net interest income for the quarter rose by 8.07% YoY to ₹19,093 crore. The bank also saw an improvement in asset quality, with the gross NPA dropping 14 bps sequentially to 2.16 percent and the net NPA decreasing 2 bps to 0.42 percent in Q4 FY24.

29 Apr 2024, 10:44:27 AM IST

Sensex Today Live : Supreme Industries shares jump nearly 9% after company posts 16% YoY increase in revenues

Sensex Today Live : Supreme Industries revenue increased 16% YoY in the quarter ending in March 31. It jumped to ₹3,007.9 crore from ₹2,598.3 crore.

The company’s consolidated net profit dipped slightly by 1.3%, at ₹354.8 crore, down from the previous year.

The company also reported a substantial volume growth. The pipes division, in particular, grew by 41% YoY, surpassing the 30% estimated by analysts. Overall, the company’s volumes witnessed a 33% YoY increase.

29 Apr 2024, 10:27:28 AM IST

Sensex Today Live : Yes Bank shares up more than 4% after company posts 123% YoY jump in net profit in Q4FY24

Sensex Today Live : Yes Bank announced a substantial 123% YoY increase in net profit, amounting to ₹452 crore for the quarter ending March 31. This growth was partially driven by an increase in other income and a reduction in provisions. During the same period, the bank’s net interest income saw a 2.3% rise, reaching ₹2,153 crore. The bank’s asset quality improved significantly over the quarter, with the gross NPA dropping 30 basis points QoQ to 1.7 %, and the net NPA decreasing 30 basis points sequentially to 0.60%.

29 Apr 2024, 10:12:46 AM IST

Sensex Today Live : IDFC First Bank shares down more than 5% after company posts nearly 10% YoY decrease in net profit

Sensex Today Live : The bank reported a net profit of ₹724 crore for the quarter ending March FY24, marking a 9.8% decrease from the same period in the previous fiscal year due to increased provisions. The bank’s net interest income saw a YoY increase of 24%, reaching ₹4,469 crore for the quarter. The bank’s asset quality improved significantly, with the gross NPA decreasing by 16 basis points QoQ to 1.88%, and the net NPA dropping by 8 basis points sequentially to 0.60% for the quarter.

29 Apr 2024, 10:01:28 AM IST

Sensex Today Live : 10 am market update

Sensex Today Live : Indian benchmark had climbed higher on Monday, following robust Q4 results from some companies and following a strong showing by global peers.

At 10 am, Sensex was up 280.86 points, or 0.38%, at 74,011.02, and Nifty was up 30.90 points, or 0.14%, at 22,450.85.

29 Apr 2024, 09:49:04 AM IST

Sensex Today Live : SBI Cards shares down more than 3% after company reports 11% YoY growth in net profit

Sensex Today Live : The company reported a net profit of ₹662 crore in the quarter ending March 31, representing an 11% growth compared to the same period in the previous fiscal year, thanks to robust operational performance. The company’s operational revenue for the quarter also saw a rise, reaching ₹4,348 crore, marking a 15.6% year-over-year increase.

29 Apr 2024, 09:46:30 AM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Barring Realty, Healthcare, Auto, and FMCG, all other indices were in the green.

The Bank and Financial Services indices had climbed 0.69% and 0.58%, respectively.

29 Apr 2024, 09:43:33 AM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was trading in the green, with the BSE MidCap index gaining 0.46%, and the BSE SmallCap index gaining 0.28%. 

29 Apr 2024, 09:36:05 AM IST

Sensex Today Live : BSE shares fall 16% as Sebi asks exchange company to calculate annual turnover based on notional value, not premium value

Sensex Today Live : The Securities and Exchange Board of India (Sebi), on April 26, asked BSE to pay its regulatory fee to the markets regulator based on the annual turnover calculated from the “notional value” of options contracts.

The regulator’s letter says that BSE has been calculating the annual turnover based on premium value for options contracts.

29 Apr 2024, 09:32:25 AM IST

Sensex Today Live : Apollo Hospitals’ shares down more than 5% as Advent International plans to buy ₹2,475 crore stake in subsidiary

Sensex Today Live : Apollo HealthCo, also known as Apollo 24/7 or AHL, a subsidiary of Apollo Hospitals Enterprise, has signed a binding agreement to secure an equity capital of ₹2,475 crore from Advent International, a global private equity investor. Further, Apollo 24/7 plans to integrate Keimed, a wholesale pharmaceutical distributor, into its operations in a gradual process over the next 24 to 30 months. Advent will make investments in two stages through compulsory convertible instruments, acquiring a 12.1% stake in the combined entity. The merged entity is valued at an enterprise value of ₹22,481 crore.

29 Apr 2024, 09:25:51 AM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : Nine of the 50 stocks on the Nifty 50 were in the red. Apollo Hospital Enterprises, HCLTech, Mahindra & Mahindra, Bajaj Auto, and Eicher Motors, were the top losers, while Tech Mahindra, SBI Life, ICICI Bank, Divi’s Laboratories, and Maruti Suzuki India, were the top gainers.

29 Apr 2024, 09:23:51 AM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Only four stocks, HCLTech, Mahindra & Mahindra, Bajaj Finserv, and Bajaj Finance, were in the red on the 30-stock Sensex, while Tech Mahindra, Maruti Suzuki India, Tata Steel, ICICI Bank, and NTPC, were the top gainers. 

29 Apr 2024, 09:21:19 AM IST

Sensex Today Live : HCLTech shares down more than 3%, after company reports weak Q4 results

Sensex Today Live : The IT services firm announced a net profit of ₹3,986 crore for the quarter ending March FY24. This represents an 8.4 percent decrease from the previous quarter, primarily due to underwhelming operational figures, and the overall results were below market forecasts. The company’s operational revenue saw a marginal sequential growth of 0.2%, reaching ₹28,499 crore for the quarter. Dollar revenue growth was at 0.4%, and revenue in constant currency terms increased by 0.3% QoQ. The board has proposed an interim dividend of ₹18 per share for FY24. For FY25, HCL Tech anticipates revenue growth in constant currency terms in the range of 3-5 percent and an EBIT margin of 18–19 percent.

29 Apr 2024, 09:18:24 AM IST

Sensex Today Live : Glenmark receives US FDA approval for Acetaminophen and Ibuprofen tablets

Sensex Today Live : Glenmark Pharmaceuticals announced todat that it has received final approval from the US FDA for Acetaminophen and Ibuprofen Tablets, 250 mg/125 mg (OTC), determined by the FDA to be bioequivalent to Advil Dual Action with Acetaminophen Tablets, 250 mg/125 mg (OTC), of Haleon US Holdings, LLC.

According to Nielsen syndicated data for the latest 52 weeks period ending March 23, 2024, the Advil Dual Action with Acetaminophen Tablets, 250 mg/125 mg (OTC) market achieved annual sales of approximately $84.1 million, the company said in an exchange filing.

29 Apr 2024, 09:17:50 AM IST

Sensex Today Live : Opening Bell

Sensex Today Live : Indian benchmark indices opened higher on Monday, tracking global peers up.

At opening bell, Sensex was up 228.03 points, or 0.31%, at 73,958.19 and Nifty was up 61.70 points, or 0.28%, at 22,481.65.

29 Apr 2024, 09:10:18 AM IST

Sensex Today Live : Benchmark indices climb at pre-open

Sensex Today Live : Indian benchmark indices climbed at pre-open on Monday, following global markets higher.

Sensex was up 275.64 points, or 0.37%, at 74,005.80 and Nifty was up 55.60 points, or 0.25%, at 22,475.55 during pre-open.

29 Apr 2024, 09:07:18 AM IST

Sensex Today Live : Prashanth Tapse, Senior VP (Research), Mehta Equities, says Indian markets to be propelled by Q4 results and the Wall Street closing higher on Friday

“Friday’s trading session marked a pause in the stock market’s vigorous momentum, attributed to disappointing US GDP growth, mounting price pressures in the US, and lackluster Q4 earnings reports from corporate India. Monday’s market commenced with the Gift Nifty showing upward movement, propelled by a strong finish on Wall Street. Investors are now closely monitoring forthcoming events such as the FOMC meeting decision and the April jobs report. All eyes are on Powell’s press conference amid speculation surrounding potential alterations to the Fed’s independence. Today, the market awaits Q4 results from several Indian companies, while copper prices surge towards their highest levels in two years.”

–Prashanth Tapse, Senior VP (Research), Mehta Equities

29 Apr 2024, 08:58:12 AM IST

Sensex Today Live : Praveen Achuthan Kutty appointed as MD and CEO of DCB Bank as Murali M. Natrajan retires

Sensex Today Live : DCB Bank announced today that it has appointed Praveen Achuthan Kutty as the managing director and CEO after incumbent, Murali M. Natarajan retired after a tenure of fifteen years.

In an exchange filing, the company said, “We wish to inform you that Mr. Murali M. Natrajan has completed his tenure of fifteen years (15) as the Managing Director & CEO of the Bank at the end of business hours on April 28, 2024, in accordance with the extant norms of Reserve Bank of India.”

The company added that “Praveen Achuthan Kutty, who has been appointed as the MD & CEO of the Bank for a period of three (3) years with effect from April 29, 2024, shall take charge as the MD & CEO of the Bank on April 29, 2024”.

29 Apr 2024, 08:41:36 AM IST

Sensex Today Live : What to expect from Indian stock market in trade on April 29

Sensex Today Live : The Sensex and Nifty 50, key indices of the Indian stock market, are anticipated to commence Monday’s trading session on an upbeat note, influenced by encouraging signals from global markets. The Gift Nifty trends also suggest a gap-up opening for the Indian benchmark index, trading around the 22,655 level, which is nearly 100 points premium to the previous close of Nifty futures.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, interprets this as an indication of a bearish dark cloud cover type candle pattern forming at the highs. He notes that the Nifty’s decisive upside breakout of the crucial downside gap resistance at 22,500 levels on Thursday, 15th April, followed by a downward reaction in the next session, might not bode well for bulls.

On the weekly chart, a small positive candle with a long upper shadow was formed. After a sequence of higher highs, the market appears to have formed a lower high this week. Shetti further observes that the Nifty’s short-term trend seems to have taken a downturn after a considerable rise from the lows. He identifies an immediate support level at 22,300, cautioning that any weakness below this support could trigger further declines. (Read the full story here.)

29 Apr 2024, 08:36:33 AM IST

Sensex Today Live : Seven key things that changed for market over weekend – Gift Nifty, US inflation to tech stocks rally

Sensex Today Live : India’s key equity indices, the Sensex and Nifty 50, are projected to start off on a positive note on Monday, mirroring the uptrend in global counterparts. Asian markets have seen an upward trend, and the US stock market concluded the previous week with substantial gains, primarily driven by tech stock earnings.

This week, investors will be closely monitoring several market catalysts, including Q4 results, auto sales figures, local and international macroeconomic indicators, the US Federal Reserve’s decision on interest rates, the Israel-Iran conflict, fluctuations in crude oil prices, and other global market signals.

However, the Indian stock market indices concluded Friday on a significantly lower note, breaking their five-day streak of gains. Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services Ltd, anticipates that the market momentum will pick up again, with a particular emphasis on individual stock movements due to the ongoing earnings season and sector rotation. He added that Monday’s markets would respond to the US PCE data and the results of several private banks released on Saturday. (Read the full story here.)

29 Apr 2024, 08:25:03 AM IST

Sensex Today Live : Global peers, Gift Nifty climb, signalling strong open for India markets

Sensex Today Live : Following Friday’s rout, when Indian benchmark indices had closed sharply lower, the Indian markets were poised to open on a stronger note on Monday as global peers, from the US to Asia climbed.

Moreover, the Gift Nifty futures was trading at 22,650, more that 200 points ahead of the Nifty 50’s Friday close, indicating positive momentum for the India markets. Banking and financial stocks were expected to remain in focus during the trading session as a raft of them had reported Q4FY24 results over the weekend.

Asian stocks got off to a positive start on Monday ahead of the Federal Reserve’s policy meeting later in the week, while the dollar broke past the psychologically key level of 160 yen for the first time in decades.

Oil prices ticked down on expectations that higher-for-longer U.S. interest rates would dampen demand, while news of a potential Gaza ceasefire eased fears of supply constraints.

In the broader market, MSCI’s broadest index of Asia-Pacific shares outside Japan tacked on 0.56%, helped by Wall Street’s positive lead on Friday owing to a rally in megacap growth stocks.

The upbeat sentiment spilled over into the new week, with Nasdaq futures and S&P 500 futures each rising 0.2%.

Hong Kong’s Hang Seng Index similarly advanced 0.77%, while China’s blue-chip index edged 0.06% higher.

The Fed’s two-day monetary policy meeting beginning Tuesday takes centre stage for the week, where expectations are for the central bank to keep rates on hold.

Focus, however, will be on any guidance for the central bank’s rate outlook, after repeated runs of stronger-than-expected U.S. economic data and still-sticky inflationary pressures derailed market bets on how soon the Fed could commence its rate easing cycle.

Market pricing shows a first Fed rate cut is expected in September, from a June start only a few weeks ago, with just over 30 basis points worth of easing expected this year.

The prospect that U.S. rates would remain in restrictive territory for longer have propped up the greenback, though it was broadly on the back foot on Monday, edging lower against most currencies apart from the yen.

The dollar index was little changed at 105.98, though was headed for a monthly gain of 1.4%.

In commodities, Brent fell more than 1% to $88.55 a barrel, while U.S. crude similarly eased 1% to $83.02 per barrel.

Both are up about 15% for the year, in part due to supply disruption fears amid escalating geopolitical tensions in the Middle East. Gold dipped 0.34% to $2,329.37 an ounce.