Updated – May 02, 2024 at 08:51 AM.
Sensex, Nifty, Share Prices LIVE: The new month begins with a negative outlook due to mixed global and domestic cues. The US Federal Reserve’s decision to maintain interest rates has confused market watchers. Fed Chair Jerome Powell’s statement about inflation taking longer to decline has added to the uncertainty. In India, the GDP collection for April reached an all-time high, driven by a 5.2% growth in core sector output in March, though slower than in February. The core sector, led by steel, coal, cement, and power industries, is expected to remain a key driver of the Indian economy. Additionally, GST collection in April hit a record high, reflecting strong economic activity, particularly in northern states. The Nifty is expected to open negatively, with FPIs building long positions and liquidating short positions in Index futures.
tock Market today| Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 02 May 2024.
ALL UPDATES
- May 02, 2024 07:56
Stock Market Live Today: Retail, wealthy traders turn to riskier options writing
Retail and wealthy individuals are gravitating towards writing options contracts — the more riskier side of the options market which was once the preserve of large institutions or expert traders.
The shift to options writing comes amid regulatory concerns on increasing retail participation in the derivatives segment. F&O trading results in losses for 90 per cent of individual traders, a SEBI study estimates.
- May 02, 2024 07:55
Stock Market Live Today: Passenger vehicle sales edge up in April despite high-base year
Passenger vehicle (PV) market leaders, including Maruti Suzuki India (MSIL), Hyundai Motor India (HMIL) and Tata Motors, on Wednesday, reported flat or marginal growth in sales in April compared with the corresponding month last year because of a high-base effect and ongoing elections possibly dampening demand.
All in all, the wholesales (dispatches to dealers) of PVs reached 3,38,341 units in April (3,32,468 units), a year-on-year growth of 1.77 per cent.
- May 02, 2024 07:54
Stock Market Live Today: Buzzing stocks. Stocks that will see action today: May 2, 2024
Godrej group stocks, Airtel, Automobile cos, Kotak Mahindra Bank, Wipro, Coal India, Jindal Stailness, Granules India, KPI Green Energy, Kings Infra, Orient Cement, PB Fintech, Megellanic Cloud
- May 02, 2024 07:28
Stock Market Live Today: Key markets data as of 30/04/24
📌 Market Levels
BSE Sensex: 74482.78 (-188.50)
Nifty 50: 22604.85 (-38.55)
NIFTY MID CAP 100: 50868.20 (+33.75)
NIFTY SMALL CAP 100: 17011.80 (-6.05)
📌 Index PE & PBV
SENSEX PE / PBV : 23.91 / 3.63
NIFTY 50 PE / PBV :
22.00 / 3.96
NIFTY MIDCAP 100 PE / PBV : 34.53 / 4.46
NIFTY SMALLCAP 100 PE / PBV : 28.09 / 4.07
📌 Inflow/Outflow (Daily/MTD)
FII / FPI Activity: 1071.93 crs / (35691.99 Crs)
DII Activity: 1429.11 crs / 44186.28 crs
📌 Volatility Index
India VIX – 12.87
📌 Commodities
Brent Crude: $87.50
Gold USD Oz/10 gm: $2306.86 = INR 70712
Silver: INR 79516
📌 Currency
Rs/$: 83.44
US Dollar Index (DXY) – 106.04
📌 10 Year Yield
7.18% GOI 2033: 7.19% (New)
US 10 Yr Yield – 4.67%
- May 02, 2024 07:28
Stock Market Live Today: BSE raised transaction charges on Bankex and Sensex options From May 13, 2024
TRANSACTION CHARGES Per Crore
– Up to 3 Crores NO Change at Rs. 500
– More than Rs 3 Crores upto Rs 100 Crores: Rs. 4950 Vs Rs. 3750
– More than Rs 100 Crores upto Rs 750 Crores: Rs. 4700 Vs Rs. 3500
– More than Rs 750 Crores upto Rs 1500 Crores: Rs. 4200 Vs Rs. 3000
– More than Rs 1500 Crores upto Rs 2000 Crores: Rs. 3700 Vs Rs. 2500
– Above Rs 2000 Crores : Rs. 2950 Vs Rs. 2000
- May 02, 2024 07:26
Stock Market Live Today: Auto sales update as of March 2024
TVS Motor
Motorcycle sales at 1.88 lk units, [GU] 24% YoY EV sales at 17,403 units
Exports at 80,508 units, up 12% YoY
Three-wheeler sales at 9,023 units
April total two-wheeler sales at 3.75 lakh, up 27% YoY
Eicher Motors
April domestic sales at 4,898 units, up 20.3% YoY
April VECV sales at 5,377 units, up 18.1% YoY
April exports at 356 units, up 38.5% YoY
Maruti Suzuki
April total sales at 1.68 lk units, up 4.7% YoY
April exports at 22,160 units, up 31% YoY
April local sales at 1.46 lk units, up 1.7% YoY
Tata Motors
Total sales of Tata Motors Ltd. rose 11.38% over the previous year to 77,521 units, according to an exchange filing on Wednesday.
Total India sales rose 12% YoY to 76,399 units
India CV sales rose 33% YoY to 28,516 units
India car sales rose 2% YoY to 47,883 units India
EV sales fell 2% YoY to 6,364 units
The automaker sold a total of 29,538 units in April, clocking a 31% growth year-on-year. Total car sales rose 2% year-on-year to 47,983 units.
Escorts Kubota
In April 2024, Domestic tractor sales fell 1.2% YoY to 7,168 units.
Tractor exports rose 10.9% YoY to 347 units.
Total tractor sales fell 0.7% YoY to 7,515 units.
“Despite the festive season shifting to April this year, the demand for tractors was impacted due to ongoing elections, low reservoir levels, decreased haulage, and moderate rabi output,” the company said in an exchange filing on Wednesday.
“However, we expect sentiments to improve post elections, especially with forecasts predicting near- to above-normal monsoon this year.”
- May 02, 2024 07:25
Stock Market Live Today: Economic Calendar – 02.05.2024
China @ Market Holiday
10:30 INDIA HSBC Manufacturing PMI (Expected: 59.1 versus Previous: 59.1)
13:25 EURO German Final Manufacturing PMI (Expected: 42.2 versus Previous: 42.2)
18:00 U.S. Unemployment Claims (Expected: 212k versus Previous: 207k)
19:30 U.S. Factory Orders m/m (Expected: 1.6% versus Previous: 1.4%)
- May 02, 2024 07:25
Stock Market Live Today: Major U.S. listed stocks result calendar 02.05.2024
Novo Nordisk A/S (Pre market) (Sector – Healthcare)
ConocoPhillips (Pre market) (Sector – Energy)
The Cigna Group (Pre market) (Sector – Healthcare)
Regeneron Pharmaceuticals, Inc. (Pre market) (Sector – Healthcare)
Southern Company (The) (Pre market) (Sector – Energy)
Intercontinental Exchange Inc. (Pre market) (Sector – Financials)
Thomson Reuters Corp (Pre market) (Sector – Financials)
Zoetis Inc. (Pre market) (Sector – Healthcare)
Parker-Hannifin Corporation (Pre market) (Sector – Capital Goods)
Moody’s Corporation (Pre market) (Sector – Financials)
Becton, Dickinson and Company (Pre market) (Sector – Healthcare)
Apollo Global Management, Inc. (Pre market) (Sector – Financials)
IQVIA Holdings, Inc. (Pre market) (Sector – Healthcare)
Dominion Energy, Inc. (Pre market) (Sector – Energy)
Ares Management Corporation (Pre market) (Sector – Financials)
Moderna, Inc. (Pre market) (Sector – Healthcare)
AMTEK, Inc. (Pre market) (Sector – Capital Goods)
Quanta Services, Inc. (Pre market) (Sector – Infrastructure)
Exelon Corporation (Pre market) (Sector – Energy)
Vulcan Materials Company (Pre market) (Sector – Realty)
Chunghwa Telecom Co., Ltd. (Pre market) (Sector – Technology)
Howmet Aerospace Inc. (Pre market) (Sector – Defense)
Blue Owl Capital Inc. (Pre market) (Sector – Financials)
Targa Resources, Inc. (Pre market) (Sector – Energy)
Cardinal Health, Inc. (Pre market) (Sector – Healthcare)
Zimmer Biomet Holdings, Inc. (Pre market) (Sector – Healthcare)
Iron Mountain Incorporated (Pre market) (Sector – Realty)
Eversource Energy (Pre market) (Sector – Energy)
ArcelorMittal (Pre market) (Sector – Metals)
Apple Inc. (Post market) (Sector – Technology)
Amgen Inc. (Post market) (Sector – Healthcare)
Booking Holdings Inc. (Post market) (Sector – Hotels)
EOG Resources, Inc. (Post market) (Sector – Energy)
Pioneer Natural Resources Company (Post market) (Sector – Energy)
Motorola Solutions, Inc. (Post market) (Sector – Technology)
Coinbase Global, Inc. (Post market) (Sector – Technology)
Monster Beverage Corporation (Post market) (Sector – Miscellaneous)
Fortinet, Inc. (Post market) (Sector – Technology)
Block, Inc. (Post market) (Sector – Financials)
Digital Realty Trust, Inc. (Post market) (Sector – Realty)
Consolidated Edison Inc (Post market) (Sector – Energy)
Cloudflare, Inc. (Post market) (Sector – Technology)
Rocket Companies, Inc. (Post market) (Sector – Technology)
Coterra Energy Inc. (Post market) (Sector – Energy)
Ameren Corporation (Post market) (Sector – Energy)
Illumina, Inc. (Post market) (Sector – Healthcare)
Shell PLC (Tentative) (Sector – Energy)
Canadian Natural Resources Limited (Tentative) (Sector – Energy)
Ambev S.A. (Tentative) (Sector – Miscellaneous)
- May 02, 2024 07:22
Stock Market Live Today: Powell: Fed’s policy positioned for risks, rate cut unlikely until inflation confidence rises
U.S. Federal Reserve Key Policy Rates
Current: 5.5 percent
Expected: 5.5 percent
Previous: 5.5 percent
(Policy rates are unchanged, focus would be on policy stance)
Policy is well positioned to deal with risks and uncertainties we face.
Reducing policy too soon or too much or too late or too little both have risks.
Slowing the pace of QT does not mean our balance sheet will shrink less than it would otherwise.
So far this year inflation readings have not given us that greater confidence.
We do not expect it will be appropriate to cut rates until we have greater confidence inflation is going back to 2%.
We believe it will be, over time, sufficiently restrictive.
To hike rates, we’d have to see evidence that policy isn’t sufficient to bring inflation back down to our goal.
We are focused on how long to keep policy restrictive.
The Fed does not expect it will be appropriate to cut rates until it has gained greater confidence inflation is moving sustainably toward 2%.
Economic activity continues to expand at solid pace, job gains have remained strong, unemployment rate has remained low.
Inflation has eased over the past year but remains elevated.
(US short-term interest-rate futures contracts rise after the Fed releases May 1st FOMC statement as traders forecast Fed rate cut most likely in November from the September)
Risks to achieving the dual goals have moved into better balance over the past year.
Inflation is still too high and further progress is not assured.
Restrictive stance has put downward pressure on inflation and the economy.
We are highly attentive to inflation risks. Inflation data received this year have been higher than expected.
Longer-term inflation expectations remain well anchored though.
(In line with policy decisions, Fed Chair’s speech mostly focused on inflation as of now)
- May 02, 2024 07:19
Stock Market Live Today: Video: Today’s Stock Recommendation: 2nd May 2024
Here’s an interesting stock idea: In the last two months, it saw some sideways price correction. But the rally on Tuesday has brought back the bullish momentum, which we think can take the share price higher.
- May 02, 2024 07:14
Stock Market Live Today: Stock to buy today: Power Finance Corporation (₹441.4)
Power Finance Corporation’s stock, after hitting a record high of ₹477.8 in early February, lost momentum and has been consolidating for the over two months. But there has been an uptick in price recently after it found support at ₹360. Notably, on Tuesday, the stock rallied sharply and broke out of the resistance at ₹430.
- May 02, 2024 07:13
Stock Market Live Today: Trading guide for May 02, 2024: Intraday supports, resistances for Nifty50 stocks
Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS and SBI
- May 02, 2024 07:12
Stock Market Live Today: Opening Bid: Confused signals from US Fed chief to impact Nifty, Sensex opening
The beginning of the new month will be negative amid mixed global and domestic cues. The US Fed’s decision to hold the rates and confused signals keep market watchers perplexed.
Fed Chair Jerome Powell said that after starting 2024 with three months of faster-than-expected price increases, it “will take longer than previously expected” for policymakers to become comfortable that inflation will resume the decline towards 2 per cent that had cheered them through much of last year.
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