Stock Market LIVE updates, Tuesday, April 30, 2024: Sectorally, Nifty Auto led with 2 per cent gains, followed by Nifty Realty (up 1.5 per cent)
Stock market updates on April 30, 2024: Equity benchmark indices were ruling higher, closer to their all-time highs, on Tuesday, tracking global peers.
The S&P BSE Sensex was up 0.39 per cent, or 294 ppints, at 74,965 levels while NSE Nifty 50 was up 0.4 per cent at 22,736 levels.
Among individual stocks, M&M was the top gainer on both BSE and NSE, after the company launched XUV 3XO, a compact SUV, at Rs 7.49 lakh. The stock was up 4 pe cent.
That apart, Tata Motors, Asian Paints, Maruti Suzuki, Power Grid, Reliance Industries, and IndusInd Bank were other leaders.
ALSO READ: NSE bonus issue: How to buy and sell unlisted shares?
In the broader markets, Nifty SmallCap and MidCap gained up to 0.6 per cent.
Sectorally, Nifty Auto led with 2 per cent gains, followed by Nifty Realty (up 1.5 per cent).
12:41 PM
India biggest importer of seaborne Russian crude in April, beats China
India’s appetite for Russian oil revives as cheaper Venezuelan supplies dry up after the US again imposes sanctions on Latin American nation. READ MORE
12:29 PM
Auto, tyre shares on a roll; Nifty Auto, M&M scale new highs; here’s why
Auto, tyre stock update: Shares of auto and tyre makers rallied up to 5 per cent in intra-day deals on Tuesday, lifting the Nifty Auto index to a new all-time high on upbeat outlook. READ MORE
12:16 PM
Market Check :: Sensex trades rangebound on Tuesday
11:59 AM
NSE bonus issue: How to buy and sell unlisted shares?
According to the trading platform, Unlisted Zone, shares of NSE were quoted at Rs 4,800 per share. Buyers opt to buy the shares in multiples of 100 shares. The online platform shows that NSE shares at present trade at 52-week, whereas the 52-week low stands at Rs 3,400. READ MORE
11:46 AM
ALERT :: PSP Projects receives new order worth Rs 236.32 crore
11:29 AM
UltraTech stock at Rs 11,500? Check latest target price post Q4FY24 results
UltraTech Cement’s consolidated grey cement volume rose 11 per cent on a year-on-year (Y-oY) basis while domestic sales also jumped 11 per cent. READ MORE
11:17 AM
Sebi probing Linde India for related party transaction violation
Sebi will be considering punitive measures once the ongoing investigation reaches its conclusion. The regulator has issued summons to key personnel and independent directors of the firm. However, Linde and its independent directors have moved the Bombay High Court against the summons and investigation initiated by Sebi. READ MORE
11:06 AM
ALERT :: Granules India receives ANDA approval for Colchicine capsules
The US Food & Drug Administration (USFDA) has approved Abbreviated New Drug Application (ANDA), filed by Granules Pharmaceuticals, Inc. (GPI), a wholly owned foreign subsidiary of Granules India, for Colchicine Capsules, 0.6 mg.
The current annual US market for Colchicine Capsules is approximately $55 million, according to MAT Feb 2024, IQVIA/IMS Health.
10:52 AM
ALERT :: Greaves Electric Mobility introduces India’s first high-performance family electric scooter
Greaves Electric Mobility Private Limited (GEMPL), the e-mobility arm of Greaves Cotton Limited, introduced its first high-performance family electric scooter, the Ampere Nexus, starting at Rs 1,09,900 (ex-showroom).
10:35 AM
This Tata Group stock has surged 53% so far in CY24; jumped 120% in 6 mths
The company’s profit before tax (PBT) before exceptional items more-than-doubled to Rs 316 crore from Rs 125 crore in Q4FY23. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) grew 2.3 times Y-o-Y to Rs 480 crore, led by gross margin improvement and operating leverage in other expenses. Margins rose 480bp Y-o-Y to 15.0 per cent. READ MORE
10:20 AM
Racks & Rollers IPO to open on April 30; price band at Rs 73-78 per share
Of the total net proceeds to be raised through the issue, Rs 27.50 crore will be used to meet working capital requirements and general corporate expenses. READ MORE
10:05 AM
New Listing :: JNK India lists at Rs 620 vs issue price of Rs 415
>> Logs listing gain of 49%
>> Hits intraday high of Rs 664
9:54 AM
Q4 result impact: KFin Tech rises 4%
9:44 AM
Rossari Biotech down 3% post Q4
9:40 AM
Tata Chemicals slides 3% on surprise one-time loss in Q4
The Tata Group company reported q net loss of Rs 841 crore in Q4FY24 vs a profit of Rs 692 crore last year.
The loss came on the back of a non-cash write down of assets aggregating to a total of Rs 963 crore, which has been disclosed as an exceptional loss, in the Soda ash and Bicarb operations in the United Kingdom.
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First Published: Apr 30 2024 | 7:53 AM IST