Stock Market Live Updates 5th April 2024: Wall Street’s late reversal sparks unease in Asian markets

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 5th April 2024

• April 05, 2024 11:33
  

  Stock Market Live Today: RBI not in hurry to cute rates as growth remains intact, says Waterfield Advisors’ Bhowar

  “The Reserve Bank of India has decided to keep the policy rate unchanged for the time being. The focus remains on inflation, though on a declining trajectory, there is uncertainty surrounding food prices, oil prices, and the monsoon. The last mile on disinflation remains challenging. It is important to note that the RBI is not in a hurry to cut rates, as the growth remains intact,” said Vipul Bhowar, Director, Listed Investments, Waterfield Advisors. 

• April 05, 2024 11:30
  

  Stock Market Live today: Still at least a quarter away for interest rates to start descending, says Purnartha’s Mohit Khanna

  Mohit Khanna, Fund Manager at Purnartha One Strategy on RBI MPC meeting:

  Coming out of a low base, FY24 has proved to be a year of very strong GDP and PMI data prints for India. Interestingly, this was also a time that coincided with RBI’s tight monetary policy which was characteristic of tight liquidity conditions in the economy.

  The success of a tight monetary policy is judged by its effectiveness in bringing down inflation and preventing the economy from ‘growth’ overheating. In this aspect RBI has achieved limited success as while the inflation has receded from the high of 7.4% in Aug’23 to 5.1% in Feb’24, it is still some distance away from RBI’s own target of 4%. Today marks exactly one year since RBI started to increase interest rates in April’23 and the RBI has kept the repo rate unchanged at 6.5% and withdrawing the accommodative stance. This is the 7th straight meet where RBI has maintained the status quo. 

  In the press conference after the meeting today, Governor Mr Shaktikanta Das’s comments seem to indicate a certain level of comfort from declining core inflation (ex-food and energy prices). But that is exactly where the issue is and even the Governor mentioned that the last mile of disinflation is challenging. Analysts expect Brent to continue its march to $95-99/bbl, Indian farmers must deal with weather shocks and Indian policymakers must deal with farmers’ demanding higher and guaranteed minimum prices for their produce.

  For growth, the Governor mentioned resilient GDP growth across the globe, Indian economy continues to be buoyant as consumer confidence is at a 52-wk high and prospects of the investment cycle remain strong as the private sector capex is getting broad-based. Real GDP growth for FY25 is maintained at 7.0% with 1QFY25 to be 7.1%, 2Q to be 6.9% and both 3Q and 4Q to be at 7%.

  CPI expectations for FY25 remain at 4.5%, indicating nominal GDP growth of 11.5%, which is very healthy in our view, especially considering a decently higher base. A good monsoon could be the start of positive incoming data on this front which will help cool food prices. Lastly, to manage Rupee’s stability and competitiveness, RBI might have to wait for the larger developed economies to initiate the rate cuts. Therefore, we believe that we are still at least a quarter away from the interest rates to start their descent.

• April 05, 2024 11:28
  

  Share Market Live: RBI’s liquidity management efforts may lead markets positively, says Wright Research’s Sonam Srivastava

  Sonam Srivastava, Founder and Fund Manager at Wright Research on RBI’s monetary policy decision:

  The announcements made during the RBI Monetary Policy meeting reflect a concerted effort by the central bank to maintain stability and manage liquidity in the financial system. The acknowledgment of improved liquidity conditions and the utilization of Variable Rate Reverse Repo (VRRR) operations demonstrate the RBI’s proactive approach to addressing liquidity fluctuations. While concerns over inflation persist, the overall tone of the announcements suggests a cautious optimism regarding the economy’s resilience. From the industry perspective, these measures are expected to instill confidence and support growth prospects, particularly in sectors reliant on stable financial conditions. However, continued vigilance will be necessary to navigate potential challenges, such as inflationary pressures and global economic uncertainties.

  From a stock market perspective, the announcements are likely to influence investor sentiment and market dynamics. The acknowledgment of surplus liquidity and the RBI’s liquidity management efforts may lead to a positive reaction in the stock market, particularly among banking stocks. Any indication of accommodative monetary policy measures could further bolster investor confidence, potentially driving upward momentum in the stock market. However, concerns over inflation and global economic risks may temper market gains. Banking sectors could benefit from the RBI’s focus on liquidity management, while sectors sensitive to interest rate changes, such as real estate and infrastructure, may also see some impact. Additionally, sectors reliant on domestic consumption, such as FMCG and retail, could benefit from stable financial conditions and improved consumer sentiment. Overall, the stock market’s momentum post-meeting will likely be influenced by a combination of domestic economic factors and global market trends.

• April 05, 2024 11:24
  

  Share Market Live Today: RBI not lowering guard while inflation aligns to the target, says Economist Anitha Rangan

  Anitha Rangan, Economist, Equirus, on today’s RBI Monetary Policy decision:

  As expected, RBI has maintained its pause on policy rates and keeping intact its withdrawal of accommodation. Alongside the growth and inflation estimates for FY25 have also been maintained at 7.0% and 4.5% respectively. Notably, this is despite stronger than expected advance estimates of GDP of 7.6% for FY24. The voting stance also remains unchanged at 5-1. Notably, RBI has a view that domestic growth momentum led by rural recovery, private capex and government investment will remain strong into the year, and inflation is also expected to remain moderated. However the key headline risk is coming from rising geo-politics which is also getting evidenced in rising crude prices. The impact on inflation from the above two factors warrant a watch and staying cautious on the policy. On liquidity, RBI is likely to continue with the current tools of VRR and VRRR to manage deficit and surplus in the system. Ahead of the bond inclusion, RBI is not doing anything different to change the dynamics of policy actions or liquidity management. In summary, RBI is not lowering the guard while inflation aligns to the target. Status quo for now!

• April 05, 2024 11:16
  

  Stock Market Live Updates: Foreign investors in IFSC will be permitted to invest in Sovereign Green Bonds: RBI

  The RBI has decided to permit eligible foreign investors in the International Financial Services Centre (IFSC) to also invest in Sovereign Green Bonds (SgrBs). This is with a view to facilitating wider non-resident participation in SgrBs.

• April 05, 2024 11:15
  

  Stock Market Live Today: Companies’ business updates and ratings by brokers

  Bajaj Finance Q4FY24 Business Update – Neutral

  •Customer franchise stood at 83.6 mn (+4.0% QoQ, +21% YoY)

  •New loans booked stood at 7.87 mn and declined by 20% QoQ and grew by just 4% YoY on account of the restrictions placed by the RBI on the Company, on sanction and disbursal of loans under ‘eCOM’ and ‘Insta EMI Card’.

  •AUM came at Rs. 330400 Cr (+6.2% QoQ, +34% YoY)

  •Deposit book remained constant as a % of total AUM at 18%.

  Indusind Bank Q4FY24 Business Update – Neutral

  •Advances came at Rs. 342857 Cr (+4.8% QoQ, +18% YoY)

  •Deposits grew +4.3% QoQ, +14% YoY

  •C/D ratio came at 89.1% vs QoQ 88.6% & YoY 86.2%

  •CASA ratio came at 37.9% vs QoQ 38.5%, YoY 40.1%

  Bandhan Bank Q4FY24 Business Update – Positive

  •Advances came at Rs. 128572 Cr (+10.9% QoQ, +23% YoY)

  •Deposits grew +15% QoQ, +25% YoY

  •Retail deposits (69% mix) grew by 12% QoQ, 22% YoY

  •Bulk deposits (31% mix) grew by 23% QoQ, 33% YoY

  •CASA ratio came at 37.1% vs QoQ 36.1%, YoY 39.3%

  •MFI Collection Efficiency (Excluding NPA) was at 99% vs QoQ 98% & YoY 98.5%

  •Non MFI Collection Efficiency (Excluding NPA) was stable at 98%

  Aavas Financiers Q4FY24 Business Update – Neutral

  •AUM came at Rs. 17300 Cr (+7.6% QoQ, +22% YoY)

  •Disbursements grew +19% YoY

  •GNPA came at 0.95% vs QoQ 1.09% & YoY 0.92%

  •+ DPD came at 3.15% vs QoQ 3.75% & YoY 3.30%

  Sobha New sales area for Q4FY24 came 1.34mn sqft vs QoQ 1.66mn sq ft ( – 19.3%) yoy 1.48mn sq ft (-9.5%) . 

  New sales value sobha share for Q4FY24 came around Rs.1273cr vs qoq Rs.1735cr (-26.6%) yoy Rs 1207cr (+5.5%)

  Negative

  BULK DEAL AS ON 04-04-2024

  Aavas Financiers Limited

  -10.06 LK @ 1421.05 SMALLCAP WORLD FUND INC

  Cupid Limited

  -6.75 LK @ 123 CLIFF TREXIM PRIVATE LIMITED

  GRASIMPP

  -1.20 LK @ 1041.23 MORGAN STANLEY ASIA SINGAPORE PTE

  GUJTLRM

  -5 LK @ 49.21 VIKI JAYESHKUMAR SHAH

  KRRAIL

  -1.08 LK @ 605.05 GANGAVARAPU PRASANTH

  RHL (Robust Hotels Limited)

  -1 LK @ 158.1 WHITEPIN TIE UP LIMITED

  Tarmat Limited

  + 1.93 LK @ 108.15 L7 HITECH PRIVATE LIMITED

  THINKINK

  -2.25 LK @ 39.78 PIYUSH SECURITIES PVT LTD

  + 3 LK @ 41.76 u0009BOFA SECURITIES EUROPE SA

  Trust Fintech Limited

  + 2.64 LK @ 150.21 INDIA EQUITY FUND 1

  Vaishali Pharma Limited

  + 1.06 LK @ 168.31 SHAH NISHANT

  Sub: Change in name of D B Realty Limited

  Members of the Exchange are hereby informed that the name of D B Realty Limited will be changed

  w.e.f. April 10, 2024. Details are as under: –

  Existing Symbol Existing Name New Name

  DBREALTY D B Realty Limited Valor Estate Limited

  This circular shall be effective from April 10, 2024

  MAX ALERT SYSTEMS LTD

  Resolution Plan -Suspension

  Ex-date : 08 Apr 2024

  Promax Power Ltd

  Bonus issue 1:1

  Ex-date : 08 Apr 2024

  GRAUER & WEIL (INDIA) LTD

  Bonus issue 1:1

  Ex-date : 10 Apr 2024

  Sprayking Ltd

  Stock Split From Rs.10/- to Rs.2/-

  Ex-date : 12 Apr 2024

  Integrated Industries Ltd

  Bonus issue 1:1

  Ex-date : 16 Apr 2024

  Suratwwala Business Group Ltd

  Stock Split From Rs.10/- to Rs.1/-

  Ex-date : 18 Apr 2024

  The Anup Engineering Ltd

  Bonus issue 1:1

  Ex-date : 23 Apr 2024

  BHARAT BIJLEE LTD

  Stock Split From Rs.10/- to Rs.5/-

  Ex-date : 24 Apr 2024

  Brokerage reports

  JP Morgan On Dabur

  Maintain Overweight, Target cut to 570 from 615

  Citi On Dabur

  Maintain Sell, Target cut to 500 from 520

  Goldman Sachs On Dabur

  Maintain Buy, Target cut to 610 from 640

  Macquarie On Dabur

  Maintain neutral, target cut to 540 from 570

  Citi on Dabur, maintain sell; cut target price to Rs 500 from Rs 520

  Citi on Bata India

  Maintain Sell, Target cut to 1000 from 1110

  Citi on Page Industries

  Maintain Sell, Target cut to 31300 from 33800

  Goldman Sachs on Auto

  Maruti

  Neutral, Target raised to 12100 from 11200

  M&M

  Buy, Target raised to 2160 from 2060

  Hero MotoCorp

  Sell, Target raised to 3850 from 3730

  Bajaj Auto

  Neutral, Target raised to 9380 from 8780

  TVS Motors

  Neutral, Target raised to 2250 from 2220

  Jefferies on Bajaj Fin

  Buy, TP Rs 9400

  UBS on Bajaj Fin

  Sell, TP Rs 6800

  JPM on Bajaj Fin

  OW, TP Rs 8500

  Citi on Bajaj Fin

  Buy, TP Rs 8975

  HSBC on HDFC BK

  Buy, TP Rs 1750

  Macquarie on HDFC BK

  O-P, TP Rs 2000

  Nomura on HDFC BK

  Neutral, TP Rs 1625

  MS on HDFC BK

  OW, TP Rs 1900

  Jefferies on Bandhan BK

  Buy, TP 290

  Nomura on Bandhan BK

  Buy, TP Rs 275

  JPMorgan on Bandhan Bank – Maintain Overweight with target price of Rs 270

  MS on IndusInd BK

  Ow, TP Rs 1925

  Citi on IndusInd BK

  Buy, TP Rs 2010

  Jefferies on IndusInd BK

  Buy, TP Rs 2070

  Nomura on AU Small BK

  Neutral, TP Rs 600

  HSBC on Voltas

  Buy, TP raised to Rs 1350

  Macquarie on Tech Mah 

  U-P, TP Rs 930

  Citi on Aavas Financiers

  Buy, TP Rs 1830

  Bernstein India Strategy – Add Zomato and ICICI Bank to the portfolio

• April 05, 2024 11:09
  

  Stock Market Live Updates: Globus Spirits to form a joint venture with ANSA McAL

  Globus Spirits Limited has agreed to forge a joint venture partnership with ANSA McAL Limited. Under this agreement, the companies will establish an equally owned joint venture in India to engage in manufacturing, sourcing, and distribution of beer.

  The stock of Globus Spirits rose 3.41 per cent on the NSE, trading at ₹810 as of 10.47 am.

• April 05, 2024 11:07
  

  Stock Market Today: Post-RBI policy view from Swastika Investmart’s Santosh Meena

  Here is the post-RBI Policy view from Santosh Meena, Head of Research at Swastika Investmart Ltd:

  The RBI’s policy decision was unsurprising, as expected, with no adjustments to interest rates, policy stance, or GDP and inflation forecasts. The market response has been muted, shifting its focus to global developments like the evolving likelihood of a U.S. Federal Reserve rate cut in June and fluctuations in commodity prices. Despite this volatility, the Indian market appears to be holding its ground, possibly in anticipation of a pre-election rally.

  Nifty is currently trading within a range of 22,200 and 22,600. We believe a breakout above 22,600 could signal a move towards 22,800 or even 23,000.

  Bank Nifty is facing immediate resistance in the 48,200 to 48,600 zone. Overcoming this hurdle could lead to a rise towards 50,000. On the downside, the 47,700 to 47,200 zone is considered a potential support level.

• April 05, 2024 11:03
  

  Bank Nifty prediction today: Testing a resistance, buy on a breakout

  Bank Nifty opened today’s session slightly higher at 48,105 as against yesterday’s close of 48,061. The index inched up post the open and is now at 48,170, up 0.2 per cent.

  The contract staying above 48,000 is a positive sign. However, there is a resistance at 48,320. If Bank Nifty futures can break out of this price level, it can rally to 48,600.

• April 05, 2024 10:46
  

  Stock Market Live Today: Sujan Hajra of Anand Rathi Shares and Stock Brokers on RBI Monetary Policy

  Sujan Hajra, Chief Economist & Executive Director, Anand Rathi Shares and Stock Brokers

  In its latest monetary policy decision, the Reserve Bank of India (RBI) opted for a cautious approach, maintaining the status quo on both policy rates and liquidity stance, despite the moderating core inflation. The decision underscores the central bank’s vigilance over headline inflation, which remains above the Monetary Policy Committee’s (MPC) target, amidst strong growth dynamics in India. This careful stance reflects concerns over potential inflationary pressures arising from volatile food prices, recent upticks in oil prices, and robust economic growth. While there was some anticipation of rate cuts by the end of 2024, the RBI seems inclined to adopt a wait-and-see approach before initiating a rate cut cycle. The central bank’s current neutral policy stance appears designed to mitigate risks without unduly unsettling the debt and equity markets. This strategy highlights the RBI’s priority to balance growth with inflation control, acknowledging the significant weight of volatile food components in India’s retail inflation basket and the potential impact of global oil price fluctuations.

• April 05, 2024 10:43
  

  Stock Market Live Today: Anil Rego of Right Horizons on RBI Monetary Policy

  The yearly consumer price inflation in India was marginally up reading 5.09% in February 2024, compared to the 5.1% recorded in January. In February 2024, India witnessed a 0.20% year-on-year increase in wholesale prices, showing a slowdown from the 0.27% rise observed in the preceding month. The inflation rate remains within the RBI tolerance range of 2-6 per cent for six consecutive months, aligning with the target set by the central bank.

  The Gross Domestic Product (GDP) recorded a robust economic growth rate in H1FY24 exceeding expectations. The Monetary Policy Committee has maintained the status quo on the repo rate as inflation moderates in a resilient growing economy. 

  Since inflation is moderating, economic activity is steady oil prices are lower and India is poised to be the growth engine for the global economy the markets were expecting the repo rate to be unchanged at 6.5%. We believe markets in the near term will now be driven by the upcoming earnings season and the 2024 elections. 

  Investors are bullish as they are favouring rate cuts in 2024 which will unanimously boost the equity markets. The banking sector is the most sensitive to changes in rate cycles and has been a major reason for incremental earnings in FY23 and in H1 of FY24 benefitting from the hikes and credit growth being robust and persistent. Prolonged rate cuts will eventually lead to narrowing NIM but we expect rate cuts to begin in the last quarter and hence the trend in the banking sector is likely to continue in FY24. NBFCs will be best positioned to benefit from cuts in rates as credit growth will improve followed by banks. Also, credit-sensitive sectors like auto and real estate will see higher demand. 

• April 05, 2024 10:42
  

  Stock Market Live Today: Madhavi Arora of Emkay Global on RBI monetary policy

  Madhavi Arora, Chief Economist, Emkay Global Financial

  MPC policy took recognition of fluidity of global narratives, even as domestic dynamics have stayed favorable. This suggests that when needed, the aim of financial stability may even precede inflation management. We have long maintained that the RBI policy has been somewhat pegged to the Fed, specifically over the last two years, even as it formally targeted inflation. This seems fair, as external dynamics have been fluid, implying that the policy prerogative needs to be flexible for ensuring financial stability. The fluidity of global narratives and policy repricing, in conjunction with the near-term problem-of-plenty on INR/bonds, could make it arduous for the RBI to find a balance in its policy biases. We maintain the RBI’s tone will slowly tiptoe to ‘Gracklish’ from the usual ‘Hawk-Dove’ signaling, implying a non-committal stance and limited definite forward guidance ahead. While bull-steepening of India bonds looks to be a popular trade, consistent repricing of Fed cuts could spill over into the RBI’s reaction function and will be cyclically noisy for bonds/FX.

• April 05, 2024 10:38
  

  Stock Market Live Today: RBI Monetary policy: NBFCs to be allowed to distribute E-Re retail

• April 05, 2024 10:37
  

  Stock Market Live Today: Monetary policy: RBI to permit use of third-party UPI apps for making UPI payments from PPI wallets

• April 05, 2024 10:36
  

  Stock Market Live Today: Monetary policy: Small Finance Banks granted access to additional interest rate derivative products

  At present small finance banks are permitted to use only interest rate futures for proprietary hedging. It has now been decided to allow small finance banks to use permissible rupee interest derivative products

• April 05, 2024 10:35
  

  Stock Market Live Today: Nifty prediction today – Apr 5, 2024: Index is range bound, no fresh trades now

  Nifty 50 opened with a gap-down today at 22,486 versus yesterday’s close of 22,515. It is currently hovering around 22,470, down 0.2 per cent.

  The advance/decline ratio of Nifty 50 stands at 21/29, a bearish indication. However, unlike the benchmark index, mid- and small-cap indices are in the green.

  Among the sectors, Nifty Realty, up 1.4 per cent, is the top gainer whereas Nifty Media, down 0.7 per cent, is the top lose

• April 05, 2024 10:34
  

  Stock Market Live Today: Monetary policy: RBI to introduce mobile app to operate in retail direct portal for retail investors. Will deepen retail g-sec market

• April 05, 2024 10:33
  

  Stock Market Live Today: Monetary policy: Trading of sovereign green bonds in IFSC: A scheme for invesmtne will be notified shortly

• April 05, 2024 10:28
  

  Stock Market Live Today: RBI Keeps Repo Rate Unchanged – Housing Boom Stays On Course

  Anuj Puri, Chairman – ANAROCK Group:

  Aptly and as expected, the RBI has kept the repo rates unchanged at 6.5%. The Indian economy is going strong and inflation is reined in, though it has yet to come within the threshold of RBI’s target. The decision to maintain status quo will keep the ongoing residential real estate sales momentum on course and unimpeded. Aspiring homebuyers eyeing a purchase will proceed with confidence.

  Housing sales across the top 7 cities have been phenomenal in the last few quarters, even though prices are rising steadily. As per ANAROCK Research, we saw total housing sales of over 1.30 lakh units across the top 7 cities in Q1 2024 – the highest quarterly sales in the last decade. Average residential prices across these cities have seen a significant jump in the last one year – ranging between 10-32% in Q1 2024 when compared to Q1 2023. Thus, the breather which RBI’s unchanged repo rate will provide to home loan borrowers is apt and welcome.

• April 05, 2024 10:19
  

  Stock Market Live Today: Monetary policy: CPI inflation q1 at 4.9% q2 at 3.8% q3 at 4.6% and q4 at 4.5%.

• April 05, 2024 10:18
  

  Stock Market Live Today: Monetary policy: Record rabi wheat production expected, normal monsoon early signs

  Record rabi production of wheat expected to replenish whatever depletion that happened. Early indication of normal monsoon augers well for Rabi season. frequent and overlapping adverse climate shocks pose upside risks to the outlook on international and domestic food price

• April 05, 2024 10:17
  

  Stock Market Live Today: RBI Credit Policy: Inflation 

  Core Inflation declined steadily. Ensure to meet target 4% of Inflation and sees upside risk on inflation.

• April 05, 2024 10:16
  

  Stock Market Live Today: RBI Credit Policy: Benchmark Interest Rate 

  Current: 6.5% 

  Expected: 6.5% 

  Previous: 6.5% 

  (RBI maintains status quo for benchmark interest rate. Outlook on macros and policy guidance would be key factors for further market momentum)

• April 05, 2024 10:15
  

  Stock Market Live Today: Monetary policy: Real GDP growth for FY25 @ 7%

• April 05, 2024 10:15
  

  Stock Market Live Today: Monetary policy: Consumer confidence reached a new high: as per RBI survey

• April 05, 2024 10:14
  

  Stock Market Live Today: Monetary policy: Resilient cement production, strong steel consumption, and import of capital goods signal positive investment cycle trends

  The resilience in cement production, together with strong growth in steel consumption and production and import of capital goods augur well for the investment cycle to create, to gain further traction

• April 05, 2024 10:12
  

  Stock Market Live Today: Monetary policy – Rural demand to support economic growth on Fy25

• April 05, 2024 10:12
  

  Stock Market Live Today: Monetary policy – Services sector exhibited broad based buoyancy across sectors

• April 05, 2024 10:12
  

  Stock Market Live Today: Monetary policy – PMI for manufacturing displayed a sustained expansion in both February and March, touching a 16 year high in the month of March

• April 05, 2024 10:11
  

  Stock Market Live Today: India in 3rd successive year of 7% plus growth, says Das

• April 05, 2024 10:11
  

  Stock Market Live Today: The second advanced estimates placed the real GDP growth at 7.6% for 2023 20 for the third successive year of 7% or higher, says RBI Gov

• April 05, 2024 10:06
  

  Stock Market Live Today: Macrotech Developers Q4FY24 pre-sales surge 40%

  Macrotech Developers Limited achieved Q4FY24 pre-sales of Rs 42.3 billion, marking a 40% year-over-year increase, while collections grow by 20% YoY to Rs 35.1 billion. Shares were up by 1.27% to Rs 1151.95 on the BSE.

• April 05, 2024 10:04
  

  Stock Market Live Today: Das: MPC keeps repo rate unchanged at 6.50% in its first meeting of FY25

  The RBI’s six-member monetary policy committee kept the policy repo rate on hold at 6.50 per cent at its first meeting of FY25 as retail inflation remains above its 4 per cent target. It persisted with its “withdrawal of accommodation” stance.

  Both these decisions, which were by a majiority of 5 out of 6 members, were widely anticipated by stakeholders, including economists, bankers and bond market players.

  The MPC had last changed the repo rate in February 2023, when it upped it by 25 basis points from 6.25 per cent to 6.50 per cent. It has been on pause since then.

  After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, it decided by a 5 to 1 majority to keep the policy repo rate unchanged at 6.50 per cent.

• April 05, 2024 10:03
  

  Stock Market Live Today: Niyogin Fintech reports strong Q4 growth, AUM up 95%

  Niyogin Fintech Limited reported growth in Q4 FY2024, with assets under management up by 95% and gross transaction value rising by 90% year-over-year. CEO Tashwinder Singh highlighted expansion in lending AUM, reaching approximately Rs 180 crore. The shares were up by 2.01% to ₹72.75 on the BSE.

• April 05, 2024 09:58
  

  Stock Market Live Today: Kalyan Jewellers reports strong Q4 revenue surge, plans expansion

  Kalyan Jewellers reported Q4 FY2024 with a 34% revenue surge marking a 31% growth for FY2024. Expansion includes 10 new ‘Kalyan’ showrooms in India and 2 in the Middle East, with plans for 3 more conversions to the FOCO model. Candere platform sees 12% revenue growth in Q4 but records a 17% decline for FY2024. Shares were up by 0.88% to Rs 434.70 on the BSE.

• April 05, 2024 09:55
  

  Stock Market Live Today: Sheela Foam wins landmark insurance claim, shares surge 4.25%

  Sheela Foam Limited won a landmark insurance claim case at the DCDRC, East Delhi, securing a compensation of Rs 21.38 crore plus interest and additional reimbursements. The shares were up by 4.25% to Rs 987.10 on the BSE.

• April 05, 2024 09:54
  

  Sensex Today: BSE sees 116 stocks at 52-week high, 4 at 52-week low

  At 9:50 am on Friday, a total of 3,159 stocks were actively traded on the BSE. Of these, 1,535 advanced, while 1,505 declined, and 119 stocks remained unchanged. Additionally, 116 stocks hit a 52-week high, while 4 stocks hit a 52-week low.

• April 05, 2024 09:35
  

  Nifty Today: Major gainers, losers at 9.30 a.m.

  Major gainers on the NSE at 9.30 a.m. include – Dr Reddy laboratories (1.75%), SBI life insurance company (0.95%), HDFC Bank (0.85%) Shriram Finance (0.77%), Bajaj Finserv (0.66%)

  Major losers include- Bharat petroleum corporation (-1.98%), Jsw Steel (-1.20%), Tech Mahindra (-1.15%), Tata Steel (-1.13%), Larsen and Toubro (-1.08%)

• April 05, 2024 09:23
  

  Currency Market Live Today: Rupee falls 6 paise to 83.45 against US dollar in early trade.

• April 05, 2024 09:21
  

  Stock Market Live Today: Opening Bell: Option activity at 22,500 strike to guide Nifty’s direction

  On Friday, Indian benchmark indices, the Sensex and Nifty, opened weak on Friday. The 30-share BSE Sensex fell by 151.21 points to 74,076.42 in early trading, while the NSE Nifty dropped 52.75 points to 22,461.90..

  The focus will be on the outcome of the Reserve Bank of India’s credit policy. Besides, global cues will set the tone for the domestic market.

  According to analysts, the unabated selling by foreign portfolio investors will likely keep the market under pressure.

  Asian equity indices are trading negatively, with most of them falling around one per cent in early Friday trading, tracking the overnight weakness in the US market. Japanese markets were the worst affected among the major Asian equities, as the Nikkei dropped over 2.4 per cent.

  However, the major focus on Friday would be on RBI statements after the rate-meet outcome.

  According to Shishir Baijal, Chairman and Managing Director, Knight Frank India, the RBI will likely continue with a rate pause at its first MPC meeting for FY25. 

  “Even though core and the wholesale inflation has significantly eased but the volatility in food prices continue to impinge consumer sentiment. Thus, keeping the headline inflation above the RBI target level of 4 per cent,” he said.

  Key macros resilient

  Economic growth has also continued to remain strong, as witnessed in the above-expected GDP growth during Q3 FY’24. He further said that strong growth would continue to provide adequate support for the RBI to keep policy rates unchanged for the next few months.

  The RBI’s focus is likely to be on liquidity management, with the continuation of withdrawal of accommodation to keep inflation well anchored and bring it under 4%.

  Shrikant Chouhan, Head of Equity Research at Kotak Securities, said: India’s March Services PMI stood at 61.2 compared to 60.3 previously, while the Composite PMI was at 61.8 versus 60.6 on a month-on-month basis.

  Gold prices surged to a record high on Thursday following statements from Federal Reserve officials reaffirming expectations of interest rate cuts in 2024, although the timing remained uncertain, he said.

  Traders are awaiting weekly unemployment claims and trade balance data from the US, along with speeches from Fed officials; he added that “attention will be on the RBI Monetary Policy announcement and the release of the US non-farm payrolls report.”

  Stock-speicific action

  Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd, said the Q4 business updates from a few prominent companies were encouraging, driving stock-specific action in the market.

  “Nifty has been consolidating in a narrow range at higher levels for the last few sessions, while broader markets have bounced back strongly, especially after a sharp recent correction. We expect some volatility especially in rate sensitive sector amid India’s central bank’s policy meeting. Overall, we maintain our positive bias on the market, and any dip can be viewed as a buying opportunity,” he added.

  Examining the Open Interest (OI) data, the highest OI on the call side is observed at the 22,800 strike price, followed by the 23,000 strike price. Conversely, the highest OI on the put side is seen at the 22,300 strike price, said Mandar Bhojane, Research Analyst at Choice Broking

  Ashwin Ramani, Derivatives & Technical Analyst, SAMCO Securities, said: the Foreign Portfolio Investors (FPIs) Long Short ratio rose from 31.24 per cent on March 27 to 46.83 per cent on April 2 on the back of strong buying by FPIs in Index futures. However, the FPIs liquidated long positions and built short positions on April 3, bringing the ratio down to 43.79 per cent.

  “Strong put writing (Bulls’ entry) coupled with call writers (Bears) exit was observed at the 22,500 Strike in Nifty. This led to Nifty closing above the 22,500 level. The put writers now lead the call writers at the 22,500 Strike, and the option activity at this strike will provide cues about Nifty’s upcoming direction,” he said.

• April 05, 2024 09:09
  

  Commodities Market Live Today: Turmeric prices drop

  * Turmeric prices have dropped 10-15% to ₹16,500-17,000, a decrease from nearly ₹20,000 a quintal in the futures market.

  * New crop supply has increased by over 25% in parts of Tamil Nadu, Telangana, and Andhra Pradesh.

  * The Ministry of Agriculture and Farmers’ Welfare’s first advance estimate for turmeric production in 2023-24 is estimated at 10.74 lakh tonnes.

  * New arrivals from the Marathwada region in Maharashtra could keep prices on leash.

  * Turmeric exports in January were 14,490.09 tonnes, down 2.17 per cent from December due to high prices.

  * Prices are likely to increase further due to lower 2024 ending stocks, which will impact the stock to use ratio.

  * The next season could witness at least a 30% increase in the area under the crop.

  * Turmeric growing regions such as Sangli, Basmat, Hingoli are witnessing a good demand for quality.

• April 05, 2024 09:07
  

  Stock Market Live Today: IPO screener: Bharti Hexacom issue closes today

  The public issue of Bharti Hexacom will close for subscription today. The issue has so far been subscribed 1.12 times. The ₹4,275-crore issue, which opened at a price band of ₹542-570 on Wednesday, received bids for 4.62 crore shares against an offer of 4.12 crore shares (net-off anchor portion).

  The lot size is 26 shares.

  The entire issue is an offer-for-sale of 7.5 crore shares by Telecommunications Consultants India, the lone public shareholder in Bharti Hexacom, which is diluting its 15 per cent stake. Promoter Bharti Airtel owns a 70 per cent stake in the company.

• April 05, 2024 09:06
  

  Commodities Market Live Today: Silver down at $26.45 on profit booking

  Silver fell after reaching its highest level since June 2021, as investors awaited the important US employment data for fresh indications regarding the Fed’s monetary easing. The most recent economic statistics from the United States, including high initial jobless claims and job cutbacks, as well as weaker growth in the services industry, reinforced the Fed’s decision to begin cutting interest rates sooner rather than later. Previously, some Fed officials stoked expectations that relaxation would begin this year, but additional evidence of declining inflation is required. 

  Investors are awaiting a U.S. March employment report for further clues on the health of the U.S. economy and the direction of its monetary policy.

• April 05, 2024 09:05
  

  Commodities Market Live Today: Gold ends flat at $2,272

  Gold prices have paused after reaching new highs in the previous session on forecasts of lower US interest rates this year, as traders await more clues from a major employment data coming later in the day. Fed Chairman Powell underlined that the US central bank has time to consider its first rate decrease, given the economy’s resilience and recent strong inflation readings. Perth Mint’s gold product sales in March fell to their lowest level in over five years, owing to a reduction in demand as clients responded to rising costs.

  Investors are awaiting a U.S. March employment report for further clues on the health of the U.S. economy and the direction of its monetary policy.

• April 05, 2024 09:03
  

  Stock Market Live Today: Stocks to watch out for today: April 5, 2024

  GE Power: Jaiprakash Power awards contracts for two projects worth Rs 774.9 crore to company 

  Nestle: National Consumer Dispute Redressal Commission (NCDRC) dismisses 2015 complaint in favour of company 

  UltraTech Cement: Company commissions 100 MW AC solar energy project in Rajasthan

  Bandhan Bank: Total Deposits Up 15.1% QoQ & Up 25.1%, CASA Deposits Up 18.2% QoQ & Up 18.1% YoY. 

  Equitas SFB: Gross advances up 5% QoQ & up 23%, Deposits up 12% QoQ & up 43% (YoY).

  Prestige Estates: Company acquires 21 acres of land in whitefield, Bengaluru for ₹450 cr.

  Rashi Peripheral: Company gets new orders worth Rs 1,510 cr from NMDC data centre.

  LTIMindtree: Company partners with Aforza to setup training academy: Agencies 

  ESAF Small fin bank: Gross advances up 10.06% QoQ as of March 31

  Cello: Company said it’s setting up a glassware manufacturing facility in Rajasthan to boost manufacturing capabilities across product categories 

  IOL Chemicals: Company receives approval from EDQM for muscle relaxing drug. 

  Avanti Feed: Company starts trial production at the newly established Shrimp Processing plant in Andhra Pradesh. 

  Nazara: Company has entered into an IP assignment agreement with U games and play games 

  Sula VIneyards: Company approved execution of share purchase agreement with shareholders of N D wines. 

  Bajaj Fin: FY24 AUM up 34% at ₹3.30 lk cr vs 2.47 lk cr, AUM in Q4 FY24 grew by approximately ₹19,400 cr 

  Indusind Bank: Deposits at ₹3.85 lk cr up 4% QoQ & 14% YoY, Net Advances at ₹3.43 lk cr up 5% QoQ & 18% YoY.

  AsterDM Healthcare: Company concludes segregation of GCC business via sale of unit. 

  L&T: Company said the tax authority of Qatar has imposed a penalty of ₹60.84 crore for the tax period April 1.

  Sobha: Company reported a total sales value of ₹1,504 crore compared to ₹1,463 crore 

  Vedanta: Company commences mining in Goa’s Bicholim block. 

  HDFC Bank: ADR surges the most in two years after robust business updates. 

  Cipla: US FDA has issued Form 483 with 6 inspectional observations for Cipla’s manufacturing unit at Patalganga, Maharashtra.

  Hero Motocorp: Company gets tax demand of ₹309 cr and interest of ₹296 cr; says to appeal tax demand

• April 05, 2024 08:56
  

  Stock Market Live Today: Amidst heat wave warning, AC makers, dairy stocks may sizzle

  With the Met Department warning of an intense heatwave across the country for the next three months, we look at some of the sectors that may stand to gain this summer. Brokerages and financial analysts bet big on air-conditioner (AC) makers, dairy companies and consumer durables, especially fan manufacturers.

  Avinash Kumar, Research Analyst at LKP Securities, told businessline, “Demand for ACs seems good as the average temperature is moving up and expected to perform well, further backed by the IMD report. It also predicted El Nino conditions to persist for most of this period which could benefit the AC market.”

• April 05, 2024 08:54
  

  Stock Market Live Today: Garware Technical Fibres Ltd.- Buyback Closes Today

  Route – Tender 

  Buyback Price: 3800/- 

  Current Market Price: 3346.50/-

  Market Cap: Rs 6,900 crores 

  Buyback Size: ₹199.50 Crs (Representing 19.63% and 19.91% of the aggregate of the Company’s fully paid-up equity capital and free reserves)

  Buyback Size: 5,25,000 shares (Representing 2.58 % of O/s. shares) 

  Retail Quota: 78,750 Shares 

  Entitlement:

  General Category – 2 Equity Share for every 89 Equity Shares held on the Record Date

  Retail Category – 2 Equity Share for every 13 Equity Shares held on the Record Date

  Buyback Record Date: 26 March 2024

  Tender Period:

  Start Date – 01 April 2024

  Close Date – 05 April 2024 (Today)

  Obligation Date – 12 April 2024

  Settlement Date – 15 April 2024

• April 05, 2024 08:53
  

  Stock Market Live Today: Hindustan Construction Co Ltd — Right Issue_Closes Today

  Issue Open – 26-March-24

  Issue Close – 05-April-24 (Today)

  Right issue Size: Rs. 350 Crs (16.67 Crs Shares)

  Stock Price – 38.40 /-

  Right issue Price: Rs. 21 /-

  Payment Terms: Rs. 21 /- (Full amount of Rs. 21 for rights equity shares has to be paid on application.)

  Rights Entitlement Ratio: 13 Rights Equity Share for every 118 shares held (Effectively 0.11 for every 1 share held).

  Last Trade date (Cum Right): 14 March 2024

  Ex-Right Trading date: 15 March 2024

  Record Date: 16 March 2024

  Right Entitlement (RE) Trading Period:- 26-March-2024 to 02-April-2024

  Last day of Renunciation of Rights Entitlements: 02-April-2024

  Date of Allotment (on or about): 16-April-2024

  Date of listing (on or about): 19-April-2024

• April 05, 2024 08:50
  

  Stock Market Live Today: Stock Recommendations: Macquarie on Tech Mah

  U-P, TP Rs 930

  Leadership changes done; competition tough 

  With 37% of rev from Communications, co will find it tough to grow in line with peers even 2 yrs out without significant M&A 

  Employee costs have increased faster than peers, a structural challenge

• April 05, 2024 08:50
  

  Stock Market Live Today: Stock Recommendations: HSBC on Voltas

  Buy, TP raised to Rs 1350

  Robust demand, reduction in input costs & stable prices to drive sharp margin improvement for UCP segment 

  Think this is likely to be a significant positive surprise to investors and further valuation re-rating event

• April 05, 2024 08:49
  

  Stock Market Live Today: Stock Recommendations: Nomura on AU Small BK

  Neutral, TP Rs 600 

  Pre-4Q update: Strong loan and deposit growth delivery 

  Loan growth of 25% y-y and 9% q-q. 

  Gross of loans securitized, its AUM grew by 28% y-y and 8% q-q. 

  CASA ratio improved 40bp q-q to 33.4% in 4Q 

• April 05, 2024 08:49
  

  Stock Market Live Today: Stock Recommendations: MS on IndusInd BK

  Ow, TP Rs 1925 

  Loan growth improved (5% vs. 4% QoQ last qtr) 

  Deposit growth was 4% QoQ vs. 3% last quarter (14% YoY vs. 13%). 

  Retail deposits growth moderated (2.5% QoQ vs. 5%), partly owing to 1-time outflow, adj. for which, growth was 4% QoQ (20% YoY). 

• April 05, 2024 08:48
  

  Stock Market Live Today: Fund Houses on Bandhan Bank

  Nomura on Bandhan BK

  Buy, TP Rs 275

  Sharp growth uptick; MFI collections pick up

  Deposit growth strong at 15.1% q-q/25.1% y-y led by strong growth in both retail & bulk deposits

  CASA growth strong at 18% q-q

  Re-rating remains on consistent delivery on asset quality

  Jefferies on Bandhan BK

  Buy, TP 290

  Loan growth improved to 18% YoY/11% QoQ 

  Deposit growth strong at 25% 

  Collection efficiency improved to 99%

  RBI’s approval for Mr. Ghosh’s extension (term ends on 9July) will be key triggers

• April 05, 2024 08:48
  

  Stock Market Live Today: Stock Recommendations: Jefferies on Bajaj Fin

  Buy Call, Target Rs 9,400

  Q4FY24 Pre-qtr Update Shows Robust AUM Growth Of 34% Vs 35% In Q3

  Q4FY24 Pre-quarter AUM Slightly Above Our Estimate Of 33% In FY24

  Growth In Customer Base Was Healthy, At 21% YoY

  Key Miss Was On New Loan Bookings, Where Growth Fell From 26% YoY (QoQ)

  New Loan Bookings Might Have Been 15% If Not For Restrictions On eCom & Insta EMI Card

  Co Has Submitted Details To RBI, And Lifting Of Restrictions Is Key

• April 05, 2024 08:47
  

  Stock Market Live Today: Fund Houses on HDFC Bank

  Nomura on HDFC BK

  Neutral, TP Rs 1625

  Pre-4Q update: Strong q-q deposit accretion; soft loan growth

  Deposit growth strong at 7.5% q-q (17% y-y) in a generally seasonally strong 4Q

  MS on HDFC BK

  OW, TP Rs 1900

  Deposit Growth Surprises +vely

  Overall deposit growth accelerated to 7.5% (+17% YoY), vs. 2% in prior qtr 

  Retail deposit growth strong (+7% QoQ; increase of Rs1.3trn)

  Gross loan growth moderated to 2% QoQ, vs. 5% in the prior qtr.

  HSBC on HDFC BK

  Buy, TP Rs 1750

  Deposit performance (+Rs1.66tn deposits q-o-q) in 4Q above est of +Rs1.2-1.3tn

  Val @13x FY26e EPS still very attractive

  Macquarie on HDFC BK

  O-P, TP Rs 2000

  Consolidation strategy playing out well

  Surprising +vely on deposit growth

• April 05, 2024 08:40
  

  Stock Market Live Today: Opening Bid: Sensex, Nifty set to open negative on Friday, eyes on RBI credit policy

  Domestic markets are expected to open negative on Friday. The focus will be on the outcome of the Reserve Bank of India’s credit policy. Besides, global cues will set the tone for the domestic market.

  Gift Nifty at 22,525 signals, a gap down opening of about 100 points for NIfty, as Nifty April futures on Thursday closed at 22,612. According to analysts, the unabated selling by foreign portfolio investors will likely keep the market under pressure.

  Asian equity indices are trading negatively, with most of them falling around one per cent in early Friday trading, tracking the overnight weakness in the US market. Japanese markets were the worst affected among the major Asian equities, as the Nikkei dropped over 2.4 per cent.

• April 05, 2024 08:13
  

  Stock Market Live Today: Fund Houses Recommendations  

  Jefferies on Bajaj Finance: Maintain Buy on Company, target price at Rs 9400/Sh (Positive) 

  JP Morgan on Bajaj Finance: Maintain Overweight on Company, target price at Rs 8500/Sh (Positive) 

  Citi on Bajaj Finance: Maintain Buy on Company, target price at Rs 8975/Sh (Positive) 

  Citi on Aavas Finance: Maintain Buy on Company, target price at Rs 1830/Sh (Positive) 

  Macquarie on HDFC Bank: Maintain Outperform on Bank, target price at Rs 2000/Sh (Positive) 

  MS on HDFC Bank: Maintain Overweight on Bank, target price at Rs 1900/Sh (Positive) 

  HSBC on HDFC Bank: Maintain Buy on Bank, target price at Rs 1750/Sh (Positive) 

  Nomura on Bandhan Bank: Maintain Buy on Bank, target price at Rs 275/Sh (Positive) 

  JP Morgan on Bandhan Bank: Maintain Overweight on Bank, target price at Rs 270/Sh (Positive) 

  Citi on Indusind Bank: Maintain Buy on Bank, target price at Rs 2010/Sh (Positive) 

  MS on Indusind Bank: Maintain Overweight on Bank, target price at Rs 1925/Sh (Positive) 

  Bernstein India Strategy: Add Zomato and ICICI Bank to the portfolio (Positive) 

  UBL on Bajaj Finance: Maintain Overweight on Company, target price at Rs 6800/Sh (Neutral) 

  Nomura on HDFC Bank: Maintain Buy on Bank, target price at Rs 1625/Sh (Neutral) 

  Citi on Dabur: Maintain Sell on Company, cut target price at Rs 500/sh from Rs 520/Sh (Negative) 

  Citi on Bata: Maintain Sell on Company, cut target price at Rs 1000/Sh (Negative) 

  Citi on Page Ind: Maintain Sell on Company, cut target price at Rs 31300/Sh (Negative) 

  Bernstein India Strategy: Remove Cipla from portfolio as coverage on healthcare (Negative)

• April 05, 2024 08:12
  

  Stock Market Live Today: Bandhan MF launches Bandhan Innovation Fund, targeting companies driving innovative breakthroughs

  Bandhan Mutual Fund has launched Bandhan Innovation Fund, an open-ended thematic fund dedicated to investing in companies at the forefront of innovative breakthroughs. The fund targets companies with substantial R&D investment, high skilled-employee costs, potentially higher margins or growth, unique products or services, non-linear business models, and a notable brand presence. The New Fund Offer (NFO) begins on Wednesday, April 10, 2024, and will conclude on Wednesday, April 24, 2024. Investments in the Bandhan Innovation Fund can be made through licensed mutual fund distributors, investment advisors, online platforms, and directly throug its web site.

• April 05, 2024 08:12
  

  Stock Market Live Today: Bonus Issue Dates

  Promax Power Ltd

  Bonus issue 1:1

  Previous day Closing Price – Rs. 136.55

  Ex Bonus 08 April 2024 (Monday)

  Last date Trade for Before Bonus Today

• April 05, 2024 08:11
  

  Stock Market Live Today: Dividend Dates

  Ex-Dividend 08 April 2024 (Monday)

  Last date for Cum-Dividend Today

  Indian Metals & Ferro Alloys Ltd.

  Special Dividend Per Share Rs.5

  Previous day Closing Price – Rs. 733.3

  Prima Plastics Ltd.

  Dividend Per Share Rs.2

  Previous day Closing Price – Rs. 198.15

  Sun Tv Network Ltd.

  Dividend Per Share Rs.3

  Previous day Closing Price – Rs. 619

• April 05, 2024 08:11
  

  Stock Market Live Today: NSE to introduce 4 new indices in capital, F&O segments

  — Shrey Jain, Founder and CEO SAS Online – India’s Deep Discount Broker

  New indices tracking promising themes such as manufacturing, infrastructure and healthcare should offer more investment avenues to savvy investors. Mutual Funds may come out with exchange traded funds tracking these indices, which should act as a low-cost investment avenue offering market returns. Nifty500 Multicap India Manufacturing 50:30:20 index comprising stocks of 75 manufacturing companies of varying sizes can create value for investors in the long term.

  Nifty Mid Small Healthcare index and Nifty500 Multicap Infrastructure 50:30:20 index can complement the existing large-cap biased indices such as Nifty Healthcare and Nifty infrastructure. Products based on these indices can help investors invest in shares of companies that are under-owned in most mutual funds and other institutional portfolios.

  It will be interesting to watch out for specifications of the futures and options contracts on these indices.

• April 05, 2024 08:10
  

  Stock Market Live Today: Key trade details: April 4, 2024

  Provisional Cash Rs. In Crs. (4thApr) 

  FIIs -1,136 (13,479 – 14,615) 

  DIIs -893 (12,219 – 13,112) 

  Sensex: 74,228: +351: +0.47%

  Nifty: 22,515: +80: +0.36%

  BankNifty: 48,061: +437: +0.92%

  NiftyIT: 35,427: +379: +1.08% 

  MIDCAP 100 : 49,744: +7: +0.01%

  NSE Auto: 21,652: +97: +0.45%

  NSE FMCG: 53,634 (-232) (-0.43%)

  Dow: 38,597 (-530) (-1.36%) 

  S&P: 5,147 (-64) (-1.23%)

  Nas: 16,049 (-228) (-1.4%)

  Brazil: 127,428: +109: +0.09%

  Ftse: 7,976: +38: +0.48%

  Dax: 18,403: +35: +0.19%

  Cac: 8,152 (-2) (-0.02%)

  MOEX: 3,408: +12: +0.35%

  WTI Oil: $86.59: +1.36%

  Brnt: $91.07: +1.92%

  Natural Gas: 1.77 (-3.64%)

  Gold: $2309 (-7) (-0.28%)

  Gold 22 Carat/g: 6,410: +75: +1.33%

  Silver: $27.25: +0.69%

  Copper: $425: +6: +1.31%

  Cotton: $87.14 (-2.07%)

  Copper (LME): $9,263: +272: +3.02% 

  Alluminum (LME): $2,429: +49: +2.06% 

  Zinc (LME): $2,548: +69: +2.76% 

  Tin (LME): $28,395: +498: +1.79% 

  Eur-$: 1.0835

  GBP-$: 1.2639 (-0.1%)

  Jpy-$: 151.25 (-0.3%)

  Re: 83.4450: +0.01%

  USD-RUB: 92.250 (-0.05%)

  US10yr: 4.31%: -4 bps 

  GIND10YR: 7.094 (-0.14%) 

  $ Index: 104.207 (-0.04%)

  Vix: 16.35: +14.1%

  India Vix: 11.22 (-1.32%) 

  BalticDry: 1,711 (-3) (-0.17%)

  ADR/GDR 

  Cogni (-0.32%)

  Infy: +0.11%

  Wit: +1.05% 

  IciciBk (-0.27%)

  HdfcBk: +5.09% 

  DrRdy (-0.32%) 

  TatSt (-0.51%) 

  Axis: +0.63% 

  SBI (-1.51%) 

  RIGD (%)

  INDA (-0.22%) (IShares MSCI INDIA ETF) 

  INDY: +0.32% (IShares MSCI INDIA 50 ETF) 

  EPI (-0.37%) (Wisdom Tree India Earning)

  PIN: +0.06% (Invesco India Exchange Traded Fund Trust)

• April 05, 2024 08:08
  

  Stock Market Live Today: Listing of new securities

  Listing of new securities of Remsons Industries Ltd

  9,92,400 equity shares of Rs. 10.00/- each issued at a premium of Rs.470/- to Non-Promoters on a preferential basis

  Listing of New Securities of Gokaldas Exports Ltd

  27,31,366 equity shares of Rs. 5/- each issued at a premium of Rs.901.14/- to Non Promoters on a preferential basis.

  Listing of New Securities of Share India Securities Ltd.

  1,50,638 Equity Shares of Rs.10/- each issued at a premium of Rs. 690/- on rights basis.

  Listing of New Securities of Murudeshwar Ceramics Ltd

  28,50,000 equity shares of Rs. 10/- each issued at a premium of Rs.37/- to Promoters on a preferential basis pursuant to conversion of warrants. 

  Listing of New Securities of Nazara Technologies Limited

  28,66,474 equity shares of Rs. 4/- each issued at a premium of Rs.868.15/- to Non Promoters on a preferential basis. 

  Listing of Securities SpiceJet Limited

  40100000 equity shares of Rs. 10/- each issued at a premium of Rs.40 to Non Promoters on a preferential basis . 

  Listing of new securities of ANGEL ONE LIMITED

  5870818 Equity shares of Rs.10/ each allotted to QIBs pursuant to QIP @ 2555.01.

• April 05, 2024 08:08
  

  Stock Market Live Today: Kotak Life and Jana Small Finance Bank forge corporate agency partnership

  Kotak Mahindra Life Insurance Company Ltd (“Kotak Life”) today announced its corporate agency partnership with Jana Small Finance Bank. The partnership will benefit 52 lakh customers of Jana Small Finance Bank by offering a wide range of tailor-made life insurance solutions provided by Kotak Life through the Bank’s 781 banking outlets spread across 22 States and 2 Union Territories.

• April 05, 2024 07:48
  

  Stock Market Live Today: FPIs in a spot over RBI currency derivatives diktat

  Foreign portfolio investors (FPIs) are in a bind over the new currency derivatives diktat from the Reserve Bank of India (RBI), even as the deadline for the applicability of the circular has been extended from April 5 to May 3.

  Some of the investors will be compelled to square off their positions before May 3 or face penal action from the regulator. Custodians who handle trades for these investors had reached out to the RBI for clarity.

• April 05, 2024 07:46
  

  Stock Market Live Today: Securities in F&O Ban For Trade Date 05-April-2024  

  * HINDCOPPER

  * SAIL

  * ZEEL

• April 05, 2024 07:44
  

  Stock Market Live Today: Stocks that will see action today: April 5, 2024

  Buzzing Stocks: HDFC Bank, L&T, Cipla, Aavas Financiers, Nazara Tech, Prestige Group, Hero MotoCorp, Kamat Hotels, Indian Hotels, SecureKloud, Avanti Feeds, Tiger Logistics, Tanvi Foods, Aeroflex Ind, Nestle India, LTIMindtree, Sula Vineyards, IOL Chem, Cello World, Indraprastha Medical

• April 05, 2024 07:37
  

  Stock Market Live Today: Broker’s call: Macquarie – AB Capital (Outperform)

  We believe Aditya Birla Capital (ABCL) is poised to show strong growth in loans and earnings driven by its lending (NBFC and HFC) and savings (life insurance) businesses in the next several years.

  The moats here are: strong parentage and AAA rating providing access to competitive funding; leveraging the ABG group and ABCL ecosystem for cross-selling and upselling in NBFC, insurance, and other segments; diversified product suite and distribution mix avoiding concentration risk in terms of product segment dependency (strong AUM CAGR despite scale down of personal loans).

• April 05, 2024 07:36
  

  Stock Market Live Today: Broker’s call: Elara Securities – Muthoot Finance (Buy)

  Muthoot Finance is in a sweet spot, given robust growth prospects backed by sound fundamentals and sectoral tailwinds. Fundamentals are underscored by proven moats of leadership and higher productivity (AUM per branch at ₹14.50 crore vs ₹8 crore for IIFL Finance and a mere ₹5.6 crore for MGFL), steady-state branch and customer expansion, customer segmentation with limited share of 27 per cent in the above ₹3,00,000 ticket size which faces rising competition and increased thrust on marketing & digital initiatives along with enhanced customer service to strengthen Muthoot’s competitive positioning.

• April 05, 2024 07:35
  

  Stock Market Live Today: In Q4, private banks post robust credit growth; deposits, too, pick up pace

  Credit growth for most banks remained robust in the last quarter of FY24, maintaining a steady growth rate of 15-25 per cent, as per provisional quarter-end numbers declared by lenders so far.

  A positive trend was the increase in the pace of deposit growth amid concerns regarding stretched loan-to-deposit ratios and loan growth consistently outpacing deposit growth. While year-over-year deposit growth was largely in line with credit growth at 14-26 per cent, sequential growth was higher at 4-15 per cent compared with 1-8 per cent in the previous quarter.

• April 05, 2024 07:12
  

  Stock Market Live Today: Foreign brokers allowed to operate remotely at Gift IFSC

  The International Financial Services Centres Authority has allowed remote trading by foreign stock broking firms on Gift IFSC exchanges.

  Such firms will be allowed to trade directly on the stock exchanges on a proprietary basis, without a broker-dealer even if they do not have a physical presence at Gift IFSC in the form of a physical office or staff. Such entities will be referred to as Remote Trading Participants, or RTPs. At present, countries such as Singapore, Japan, Israel and the US allow remote membership of brokers.

• April 05, 2024 06:55
  

  Stock Market Live Today: Today’s Stock Recommendation: 5 April 2024

  Here’s an interesting stock idea: The stock that we have today is Finolex Industries. After consolidating in a tight range, it has broken out this week. It has been in a downtrend since September last year. In the short-term, too, it is likely to decline.Check out the latest episode of Today’s Pick to learn more.

• April 05, 2024 06:54
  

  Stock Market Live Today: Stock to buy today: Finolex Industries (₹254.6)

  Finolex Industries’ stock rallied in the second half of March. It bounced off the support at ₹205 and touched ₹250 by the end of last month. After reaching ₹250, the uptrend lost momentum. Although there was no bearish trend reversal, the stock was held in a sideways range over the past week. It was oscillating in the tight range of ₹243-254.

• April 05, 2024 06:53
  

  Stock Market Live Today: Economic Calendar – 05.04.2024

  10:00 INDIA RBI Monetary Policy (Expected: 6.5% versus Previous: 6.5%)

  12:00 INDIA RBI Governor Press Conference 

  18:00 U.5. Non-Farm Employment Change (Expected: 205K versus Previous: 275K) 

  18:00 U.S. Unemployment Rate (Expected: 3.9% versus Previous: 3.9%)

• April 05, 2024 06:48
  

  Stock Market Live Today: Trading guide for April 5, 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