Business News›Markets›Stocks›Live Blog›Sensex Today | Stock Market LIVE Updates: Nifty hits record high, tops 22,800; Sensex reclaims 75K; private banks, L&T lead contributors
23 May 2024 | 01:42:17 PM IST

Sensex Today | Stock Market LIVE Updates: On Thursday, the Nifty and Sensex, key stock market indices in India, traded on a firm note, led by gains in index heavyweights. Banks were the best sectoral performers in today’s trade.
Eye on Earnings
ITC, IndiGo, Honasa, Tata Investment to announce Q4 earnings today
Highlights of trade:
- Nifty hits fresh record high, Sensex reclaims 75,000
- Nykaa shares rise 2% after Q4 PAT soars 187% YoY
- Sun Pharma drops 3% after Q4 PAT rises 34% YoY
- Jefferies maintains a buy rating on Sun Pharma
- UBS maintains a neutral rating on NYKAA
- Go Digit lists at 5% premium over IPO price on NSE
Market View: Dr. V K Vijayakumar, Geojit Financial Services
There are positives and negatives for the market today. The biggest positive is the record Rs 2.11 lakh crores dividend from the RBI to the government, which will give an additional 0.3% of GDP fiscal room for the government. This means the government can reduce its fiscal deficit and step up infrastructure spending. The bond yields have declined sharply reflecting lower borrowing by the government. Decline in bond yields is positive for banking stocks.
Brent crude dipping below $82 is positive for India’s macros.
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The Nifty hitting a new record is the market’s message of political stability after the elections. The rally is healthy since it is led by fairly valued largecaps
– V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Silver futures decline to Rs 91,030 per kg
Silver price on Thursday fell Rs 1,983 to Rs 91,030 per kilogram as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for July delivery declined Rs 1,983 or 2.13 per cent to Rs 91,030 per kg in a business turnover of 25,739 lots. Globally, silver was trading 3.04 per cent lower at USD 30.54 per ounce in New York.
Stock Market LIVE Updates: European shares rise as chipmakers bounce on Nvidia forecast
European stocks rose on Thursday following optimistic forecasts from Nvidia, bolstering global chipmakers. The STOXX 600 index climbed 0.2%, with the tech sector leading gains. Semiconductor stocks like ASML, Infineon, and ASM surged 1.5% to 2.4% after Nvidia’s robust quarterly revenue projection and stock split announcement.
Sensex LIVE Updates | NIFTY HITS FRESH RECORD HIGH
Nifty50 hits fresh lifetime high, tops 22,800

Sensex LIVE Updates | SENSEX SURGES 550 PTS!

Sensex Today | Stock Market LIVE Updates | Top gainers & losers at this hour
Price as on 12.17.06 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Spicejet to upgrade Delhi-Bangkok flight to wide-body Airbus A340
- Upgrades daily operations from narrow-body Boeing 737 to 324-seater wide-body Airbus A340 for a limited period
- This enhancement will increase seating capacity to 324 passengers per flight on route
- Upgraded service will commence on May 31 and continue until June 20, 2024
Price as on 11.52.58 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Tokyo stocks end higher
Tokyo stocks ended higher on Thursday on the back of bumper results from US chip giant Nvidia.The benchmark Nikkei 225 index added 1.26 percent, or 486.12 points, to end at 39,103.22, while the broader Topix index was up 0.64 percent, or 17.39 points, at 2,754.75.
Stock Market LIVE Updates | SENSEX UP 450 PTS: check out the lead contributors
Banking heavyweights drive Sensex to day’s high

Sensex Today | Stock Market LIVE Updates | Go Digit share price soars 10% after muted listing
Price as on 11.33.41 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Trident Q4 Results
- Consolidated Income for the year FY24 stood at Rs 6867 crore as compared to Rs 6357 crore in FY23; showing a growth of 8%.
- Consolidated EBIDTA for the year FY24 stood at Rs 998 crore as compared to Rs 971 crore in FY23.
- Consolidated Net Profit (PAT) for the year FY24 stood at Rs 350 crore compared to Rs 442 crore in FY23
Price as on 11.17.45 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Buzzing! GRSE shares soar 20%
Shares of PSU defense company Garden Reach Shipbuilders (GRSE) experienced a significant surge of 20% on the BSE on Thursday, reaching a new all-time high of Rs 1,424.80. This surge followed the company’s announcement of a remarkable 104% year-on-year (YoY) increase in its net profit to Rs 112 crore.
Price as on 11.08.04 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Delhivery announces tie-up with Sugar Cosmetics for pan-India B2B shipments
Price as on 11.05.20 AM, Click on company names for their live prices.
$5 trillion not enough! PM Modi says both stock market and BJP will hit record high on June 4
Despite the pre-election rally that has propelled the stock market to a historic market capitalization of $5 trillion, Prime Minister Narendra Modi has expressed confidence that both the BJP and the stock market will achieve fresh record highs on June 4, coinciding with the announcement of Lok Sabha election results.

Sensex Today | Stock Market LIVE Updates | Godrej Properties sells about 650 flats for over Rs 2,000 cr in Noida
Real estate company Godrej Properties Ltd announced on Thursday that it has successfully sold approximately 650 flats in Noida, generating sales exceeding Rs 2,000 crore. This achievement comes amidst robust consumer demand for residential properties.
Price as on 10.36.52 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: PSU bank stock winners at this hour
Price as on 10.33.24 AM, Click on company names for their live prices.
Virat Kohli-backed Go Digit debuts at 5% premium over IPO price
Shares of Go Digit listed on the NSE at a premium of 5.15% on Thursday. The stock debuted at Rs 286 as against the issue price of Rs 272. Meanwhile, on BSE, it listed at Rs 281.1, an upside of 3.35%.
Ahead of the listing, the company’s shares traded at a premium of Rs 25 in the unlisted market.
Forex market closed for ‘Buddha Purnima’

Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
There are positives and negatives for the market today. The biggest positive is the record Rs 2.11 lakh crores dividend from the RBI to the government, which will give an additional 0.3% of GDP fiscal room for the government. This means the government can reduce its fiscal deficit and step up infrastructure spending. The bond yields have declined sharply reflecting lower borrowing by the government. Decline in bond yields is positive for banking stocks. Brent crude dipping below $82 is positive for India’s macros. The negative for equity markets is the Fed meeting minutes which indicate concern over the stubbornness of inflation. This means that the ‘higher for longer’ rate regime is likely to continue for some time more till clarity emerges on inflation. The rate cut expectations, therefore, further get postponed. A slightly negative signal for global equity markets.
Sensex Today | Stock Market LIVE Updates | HUL, BEL among top 6 trading ideas for today
- BEL: Buy| Target Rs 345| Stop Loss Rs 264
- CIE Automotive India: Buy| Target Rs 600| Stop Loss Rs 510
- IRB Infrastructure: Buy| Target Rs 88| Stop Loss Rs 68
- Hindustan Unilever: Buy| Target Rs 2500| Stop Loss Rs 2260
- M&M Financial: Buy| Target Rs 282| Stop Loss Rs 257
- CIE Automotive India: Buy| Target Rs 600| Stop Loss Rs 500
Sensex Today | Stock Market LIVE Updates | RVNL, BEL among top movers in morning trade
Price as on 09.20.24 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Opening Bell
Sensex flat, Nifty tests 22,600; Gland Pharma soars 8%, Sun Pharma drops 3%

Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex rises 30 points; Nifty above 22,610
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | INVESTEC ON NYKAA
• Maintain Buy; Hike Target Price to Rs 203 from Rs 182
• Growth acceleration across segments
• Pace of margin expansion remains subdued
• Fashion and eB2B’s path to profitability provides confidence on an EBITDA breakeven 24-30 months from now
• Expect 24% revenue and 61% EBITDA CAGR for Nykaa over FY24-26
Source: ET NOW
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | MOSL ON HDFC LIFE
• Upgrade to Buy from Neutral; Hike target price to Rs 700 from Rs 670
• Corrected 20% in past 5 months, while all other private listed players have been range-bound
• Surrender charges risk priced in more than adequately
• Industry premiums likely to grow 12-15%; HDFCLIFE to grow at higher end of the range
• See FY25 APE growth at ~15%; stable VNB margins
Source: ET NOW
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | UBS ON NYKAA
• Maintain Neutral with Target Price of Rs 210
• Q4FY24: Improved GMV / revenue growth
• But continued lack of operating leverage
• Growth trajectory seen in Q4 should continue into FY25
Source: ET NOW
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | JEFFERIES ON SUN PHARMA
• Maintain Buy; Hike target price to Rs 1785 from Rs 1585
• Miss on cons estimates, growth to pick up from FY26
• FY25 guidance was mixed bag with high single digit sales growth but sharp increase in R&D and opex spends
• Expect subdued FY25 but growth to rebound from FY26 onwards
Source: ET NOW
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | CITI ON SUN PHARMA
• Maintain Buy with target price of Rs 1640
• In-Line Q, but the Guidance Indicate Margin Pressure in FY25
• Company has margin levers but see a possibility that FY25 margins may remain subdued
• Stock may also remain under pressure in the near term
Source: ET NOW
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | JEFFERIES ON JUBILANT FOOD
• Maintain Hold; Cut target price to Rs 475 from Rs 500
• Record low margins but delivery growth picks-up
• Saw some stabilisation in LFL/SSS in Q4; growth focus was visible on the call
• Jubilant transformed from India to one of the largest EM franchise now
Source: ET NOW
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | MORGAN STANLEY ON JUBILANT FOOD
• Maintain Equal-weight; Cut target price to Rs 427 from Rs 456
• LFL turned positive on a weak base. Dine-in continues to decline
• Management believes Domino’s has gained market share within the pizza format
• India business in investment mode (i.e. no free cashflow) for the next few years
Source: ET NOW
Sensex Today | Stock Market view: Prashanth Tapse, Senior VP (Research), Mehta Equities
This Thursday morning, Nifty may face modest bearish pressure due to hawkish signals from the Fed’s May FOMC meeting minutes, where policymakers expressed concerns about inflation and indicated potential further tightening of monetary policy. This has diminished hopes for a September rate cut, contributing to market anxiety amid record FPI outflows and a spike in India VIX above 21, signaling heightened volatility. With major supports at 22153 and a trading range expected between 22000-23000, the strategy is to stay nimble. Preferred trades include selling Nifty and Bank Nifty at CMP with specific stop and target levels. Bullish opportunities exist in PI Industries, Lupin, and Reliance Industries, while Patel Engineering is recommended as a buy at CMP 65 for an intermonth momentum play.
Sensex Today | Stock Market LIVE Updates: Big movers on D-Street: What should investors do with Indian Bank, Sun Pharma and Hindustan Zinc?
Stocks that were in focus include names like Indian Bank, which fell 1.33%, Sun Pharma, which jumped 1.5%, and Hindustan Zinc, whose shares rose 4% on Wednesday.
Sensex Today | Stock Market LIVE Updates: Asia stocks weaken on the patient approach to rate cuts
Several key Asian share benchmarks fell on Thursday as markets digested the implications of policymakers in major economies preferring to take patient approach to monetary easing amid sticky inflation. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.57%. Australia’s S&P/ASX 200 index was one of the biggest decliners, slumping 0.8%, also hurt by a pullback in some commodity prices.
Sensex Today | Stock Market LIVE Updates: Dollar hovers near highest in a week after hawkish Fed minutes
The dollar remained close to a one-week high on Thursday, following its strongest performance this month against its major counterparts. This surge came after the release of minutes from the recent Federal Reserve meeting, which indicated a readiness among some officials to consider raising interest rates.
Sensex Today | Stock Market LIVE Updates: Gold retreats from near record-high levels as rate-cut bets ease
Gold prices remained stagnant on Thursday following a recent rally that lost momentum, resulting in a dip of more than 1% in the previous session. This lack of movement came as traders began to retract their expectations of rate cuts by the U.S. Federal Reserve for the remainder of the year.
Sensex Today | Stock Market LIVE Updates: Oil prices fall on worries of higher US interest rates
Oil prices declined for the fourth consecutive day on Thursday amid concerns that the United States might raise borrowing costs in response to a potential surge in inflation, which could dampen oil demand.Brent crude futures dropped by 27 cents, or 0.3%, to $81.63 per barrel at 0004 GMT. Meanwhile, U.S. West Texas Intermediate crude (WTI) futures slipped by 35 cents, or 0.5%, to $77.14.
Sensex Today | Stock Market LIVE Updates: Stocks in news: ITC, IndiGo, Grasim, Power Grid, Nykaa, Gland Pharma
In today’s trade, shares of ITC, IndiGo, Grasim, Power Grid, Nykaa, Gland Pharma among others will be in focus due to various news developments and quarterly earnings.
Sensex Today | Stock Market LIVE Updates: Stock Radar: 50% rally in 1 year! Cipla breaks above a falling trendline resistance
Cipla, a prominent player in the pharmaceutical sector, has surged by over 50% in the past twelve months. However, its upward momentum has waned recently, following a peak reached in March 2024, resulting in a loss of traction.
Sensex Today | Stock Market LIVE Updates: Quarterly earnings today
ITC, IndiGo, Honasa Consumer, Tata Investment and a slew of other companies will announce their fourth quarter results today.
Sensex Today | Stock Market LIVE Updates: Ahead of Market: 10 things that will decide D-Street today
Indian major stock indices closed higher on Wednesday, boosted by gains in domestic IT firms amid anticipation of rate cut signals from the upcoming Federal Reserve minutes. Additionally, consumer stocks and the heavyweight Reliance Industries contributed to the positive momentum.The NSE Nifty 50, comprising blue-chip stocks, climbed by 0.31% to reach 22,598 points, while the S&P BSE Sensex, the benchmark index, advanced by 0.36% to settle at 74,221 points.
Sensex Today | Stock Market LIVE Updates: Market Trading Guide: Infosys, Emami among 5 stock recommendations
The 30-share BSE Sensex surged by 267.75 points, equivalent to 0.36%, closing at 74,221.06. Continuing its upward trajectory for the fifth consecutive day, the NSE Nifty increased by 68.75 points or 0.31%, settling at 22,597.80. FMCG and realty sectors contributed to the market’s upward movement, while banking and metal shares experienced declines. 5 stock recommendations include KNR Constructions, Ujjivan Financial Services, Infosys, Emami and Olectra Greentech.
Sensex Today | Stock Market LIVE Updates: Technical Breakout Stocks: How to trade PNC Infratech, BEML and IRB Infrastructure?
Stocks that were in focus include names like PNC Infratech which was up more than 13% to hit a fresh record high, BEML rose nearly 9% and IRB Infrastructure closed with gains of nearly 6% on Wednesday.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 35 points, or 0.15 per cent, at 22,659, signaling that Dalal Street was headed for negative start on Thursday.
Sensex Today | Stock Market LIVE Updates: Rupee rises 2 paise to close at 83.29 against US dollar
On Wednesday, the Indian rupee strengthened by 2 paise, reaching a settlement at 83.29 against the US dollar, buoyed by the decline in crude oil prices.
Sensex Today | Stock Market LIVE Updates: US stocks fall after Fed minutes; Nvidia shares climb after the bell
US stocks fell on Wednesday as investors digested minutes of the Federal Reserve’s most recent meeting but Nvidia’s shares rose about 6% after the close on the semiconductor bellwether’s stronger-than-expected revenue forecast.
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty inching closer to record high
The Nifty closed 69 points higher, forming a bullish candle characterized by a long tail, suggesting robust buying activity. Notably, the index is currently establishing higher highs on both its daily and weekly charts, signaling positive momentum in the market.
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Wednesday
The BSE Sensex, India’s 30-share benchmark, climbed by 267 points, marking a 0.36% increase, and closed at 74,221. Meanwhile, the NSE Nifty, reflecting broader market trends, saw a rise of 69 points, equivalent to 0.32%, as it concluded the session at 22,598.