Stock Market Live Updates: Asian markets rise, Nikkei 225 hits 40,000 mark

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 2nd April 2024

• April 02, 2024 10:52
  

  Stock Market Live Today: Naman In-Store (India) Limited debuts on NSE Emerge at Rs 89 Per Share

  Naman In-Store (India) Limited on getting listed on NSE Emerge today! The company manufactures modular furniture for offices, beauty salons, kitchens with limited space, educational institutions, and shelving solutions for supermarkets. The public Issue was of Rs. 2,534.72 lakhs at an issue price of Rs. 89 per share.

• April 02, 2024 10:39
  

  Stock Market Live Today: India March Manufacturing PMI at 16-year high of 59.1 in March

  India’s manufacturing industry enjoyed solid growth in March, expanding at the fastest pace in 16 years thanks to accelerating demand, according to a survey that also showed hiring increased at the strongest rate in six months.

  Ahead of a general election this month, the data is likely to boost support for Prime Minister Narendra Modi’s government, which has focused on manufacturing to improve the economy, already the fastest-growing among its major peers.

  The HSBC final India Manufacturing Purchasing Managers’ Index, compiled by S&P Global, rose to 59.1 last month from February’s 56.9, the highest since February 2008, but slightly lower than a preliminary estimate of 59.2.

• April 02, 2024 10:38
  

  Currency market Live Today: Rupee trades in narrow range against US dollar in early trade

  The rupee witnessed a range-bound trading in initial deals against the US dollar on Tuesday, weighed down by a strong American currency and elevated crude oil prices.

  At the interbank foreign exchange, the rupee opened at 83.37 against the greenback, then touched 83.35, registering a rise of 4 paise over its previous close.

  On Thursday, the rupee depreciated 6 paise to settle at 83.39 against the US dollar.

  Forex market was closed on Friday and Monday on account of ‘Good Friday’ and annual account closing of banks, respectively.

  Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.05 per cent higher at 105.06. – PTI

• April 02, 2024 10:38
  

  Stock Market Live Today: Institutional investments in real estate down 40% to USD 995 million in Jan-Mar: Report

  Institutional investments in real estate fell 40 per cent annually in January-March to USD 995.1 million because of a lower inflow of funds in office, residential, and warehousing assets, according to Colliers India.

  The institutional investments stood at USD 1,658.3 million in the year-ago period.

  Out of the total institutional investments, real estate consultant Colliers India highlighted that foreign funds contributed 55 per cent while domestic investors 45 per cent.

  As per the data, the institutional investments in the office fell 38 per cent to USD 563 million in January-March this year from USD 907.6 million in the corresponding period of the previous year.

  The residential segment witnessed a 72 per cent fall in investments to 102.6 million from 361.1 million.

  The inflow of funds in industrial & warehousing assets dipped 18 per cent to USD 177.7 million from USD 216.3 million. – PTI

• April 02, 2024 10:36
  

  Stock Market Live Today: South Indian Bank Q4 Biz Update

  ➡️Gross advances at ₹80,337 cr vs ₹77,786 cr (QoQ)

  ➡️Total deposits at ₹1.02 lk cr vs ₹99,155 cr (QoQ)

  ➡️CASA up 8% at ₹32,654 cr vs ₹31,529 cr (QoQ)

  ➡️CASA ratio at 32% vs 31.8 (QoQ)

• April 02, 2024 10:36
  

  Stock Market Live Today: Ashok Leyland March 2024 Sales – marginally above estimate  

  (Nirmal Bang Retail Research)

  Total Sales came at 22866 units vs expectation of 21407 units, YoY 23926 units (-4%) and MoM 17464 units (31%)

  Q4FY24 Sales Came at 56269 vs QoQ 47241 (19%) YoY 59697 (-5.7%)

• April 02, 2024 10:25
  

  Stock Market Live Today: Major stocks that hit 52-week high

  Epigral (15%)

  H.G. Infra Engineering (5.30%)

  Career Point (5%)

  Bharat Electronics (4.48%)

  L&T (0.07%)

• April 02, 2024 10:25
  

  Stock Market Live Today: JM Financial Institutional Securities on Bharat Electronics 

  Company reported its provisional results for FY24, with revenue growth of 13.7% YoY to INR 197bn (exl. other operating income), above JMFe of INR194bn (excl. other operating income). BEL reported order inflows of INR350bn+, surpassing management initial guidance of INR 200bn for FY24. This translate to order book of INR 760bn as on FY24 (3.9x FY24 revenue), providing revenue visibility for next couple of years. We believe revenue growth will sustain going forward driven by 1) robust order backlog, 2) strong order pipeline, 3) diversification in other segment (hydrogen fuel cell, EV batteries etc), 3) focus on non-defence segment and 4) focus on increasing exports revenue. We expect revenue and PAT CAGR of 21% and 22% over FY24 to FY26. We maintain Buy with TP of INR 225 valuing it at PE of 30x FY26E.

• April 02, 2024 10:15
  

  Stock Market Live Today: Sectoral indices trade mixed; Nifty Consumer Durables up 1.87%, Nifty IT down 0.49%

  Sectoral indices trade in a mix. Nifty consumer durables stock rose 1.87% to trade at 33,125.75. Nifty media, oil & gas, realty, private bank. auto, FMCG, metal and bank stocks trade in green.

  Nifty IT declines 0.49% to trade at 34,870.35.

• April 02, 2024 10:12
  

  Stock Market Live Today: BASF signs 25-year PPA for renewable power, stock up 1.34%

  BASF Ltd has entered into a 25-year long-term Power Purchase Agreement (PPA) with Clean Renewable Energy KK 2C Private Limited, a special purpose vehicle, incorporated by Hero Rooftop Energy Private Limited, for procurement of 2.7 MW of renewable power for its manufacturing site at Mangalore.

  Stock rises 1.34% on the NSE, trading at ₹3,599.

• April 02, 2024 09:54
  

  Stock Market Live Today: Aditya Birla Fashion and Retail soars 11.88% on NSE amid demerger plan

  Aditya Birla Fashion and Retail stock jumps 11.88% on the NSE, trading at ₹236.80 following the demerger plan of Madura Fashion & Lifestyle business from ABFRL.

• April 02, 2024 09:51
  

  Stock Market Live Today: TVS Motors sales grow 12% in March, stock down 0.43%

  TVS Motors stock trades at ₹2,129.80 on the NSE, down by 0.43%. The company recorded a growth of 12% in sales at 354,592 units in March 2024 from 317,152 units in March 2023.

• April 02, 2024 09:39
  

  Commodities Market Live Today: Gold firm at $2,249

  Gold prices remained stable, supported by lower US Treasury yields, after reaching a record high the previous day on rising hopes that the Fed will drop interest rates for the first time in June. In March, U.S. manufacturing expanded for the first time in 1-1/2 years, with production rebounding rapidly and new orders increasing, although factory employment remained low and input prices rose. The Federal Reserve Bank of New York reported that underlying inflationary pressures receded in February. According to the CME Group’s FedWatch Tool, traders are pricing in a 57% chance that the Fed will start reducing interest rates in June.

  Key economic data slated for release includes Final Manufacturing PMI from GBP zone and JOLTS Job Openings, Factory Orders m/m from US Zone.

• April 02, 2024 09:38
  

  Stock Market Live Today: Anant Raj secures ₹4,150 crore in pre-sales, shares up 2.18%

  Anant Raj Ltd has achieved pre-sales of ₹4,150 crore for its projects at Sector 63A Gurugram, Haryana. The handing over of the projects will start from the current financial year and will be delivered in the next four years. 

  Shares rose 2.18% on the NSE, trading at ₹331.10.

• April 02, 2024 09:38
  

  Stock Market Live Today: Maruti Suzuki faces ₹238.72 crore tax demand, shares down

  Maruti Suzuki India has received an Appeal effect order to Income Tax Appellate Tribunal’s (ITAT) order and Show Cause notice for initiation of penalty from Income Tax authority. 

  The Company has received a demand notice giving effect to the ITAT’s order for FY 2009-10 wherein certain additions / disallowances have been made pursuant to which demand of ₹2387.20 million has been raised on the Company. Also, the Company has received a Show Cause Notice for initiation of penalty proceedings with respect to above additions. 

  Shares trade at ₹12,550.05 on the NSE, down by 0.16%.

• April 02, 2024 09:37
  

  Stock Market Live Today: Religare Enterprises Director Saloni Goel resigns, shares up 1.09%

  Religare Enterprises informed the exchanges about the resignation of Saloni Goel, Director – ESG & Projects, w.e.f. April 1, 2024.

  Shares trade at ₹217.45 on the NSE, higher by 1.09%.

• April 02, 2024 09:36
  

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

  Major gainers on the NSE at 9.30 am:

  BPCL (1.92%), Bajaj Auto (1.91%), Adani Ports (1.87%), IndusInd (1.25%), Coal India (1.12%)

  Major losers:

  ICICI Bank (-0.89%), Wipro (-0.87%), TCS (-0.87%), Cipla (-0.81%), Bajaj Finance (-0.76%)

• April 02, 2024 09:36
  

  Stock Market Live Today: Tembo Global to appeal against ₹96.5 lakh tax demand, shares dip

  Tembo Global Industries has received an order/ demand notice from the Income Tax Department raising a demand of ₹9,651,719. The Company will be filing an appeal against the said Order. 

  Shares trade at ₹262.60 on the NSE, down by 0.25%.

• April 02, 2024 09:33
  

  Stock Market Live Today: Zomato faces service tax demand of ₹92.09 crore, shares down 0.95%

  Zomato has received an order for the period October 2014 to June 2017 passed by the Commissioner, Adjudication, Central Tax, Delhi raising demand of service tax of ₹92,09,90,306, along with applicable interest (not quantified) and penalty of ₹92,09,90,306. 

  Shares trade at ₹182.75 on the NSE, down by 0.95%.

• April 02, 2024 09:29
  

  Stock Market Live Today: RBL Bank announces changes in senior management personnel

  RBL Bank has announced change in senior management personnel –

  Kamal Sabhlok has been appointed as Head-Secured and Micro-Finance Business & Credit Card Collections of the Bank w.e.f. April 01, 2024, Sujit Ghalsasi as Head – Vehicle Finance, and Parag Kale as Chief Credit Officer – Retail & Head-Retail Collections.

• April 02, 2024 09:28
  

  Stock Market Live Today: Bajaj Auto records strong March sales, shares up 1.61% on NSE

  Bajaj Auto recorded 3,65,904 units of total vehicle sales (including exports) in March 2024 as against 2,91,567 units in March 2023. Shares were up 1.61% on the NSE trading at ₹9,188.

  Bajaj Auto stock rises 1.41% on the NSE, trading at ₹9,169.75.

• April 02, 2024 09:28
  

  Stock Market Live Today: Maiden Forgings acquires 4 acres of land, shares rise 5.69%

  Maiden Forgings Limited (MFL) has acquired land nearly double the size of its current facilities, spanning about 4 acres. Shares trade at ₹91 on the BSE, higher by 5.69%.

• April 02, 2024 09:27
  

  Stock Market Live Today: Opening Bell: Sensex, Nifty declines in early trading; markets await earnings season

  Indian benchmark indices, the Sensex and Nifty, started the day on a weak note on Tuesday. The 30-share BSE Sensex fell 145.79 points to 73,868.76 in early trade, while the NSE Nifty dropped 29.65 points to 22,432.35. 

  After consolidating for three weeks, both the Nifty and Sensex reached all-time highs on Monday, driven by a surge in metal companies following upbeat manufacturing data from China. Additionally, a moderation in a key U.S. inflation reading boosted sentiment.

  Equity analysts at Motilal Oswal Financial Services and WealthMills Securities believe that monthly business updates and the upcoming earnings season, starting next week, could sustain market momentum and potentially lead to further highs.

  Asian markets opened higher, with the MSCI Asia ex-Japan index up 0.69%. However, Wall Street closed mixed overnight as optimism about moderating inflation was tempered by strong U.S. economic data, which could delay potential rate cuts by the Federal Reserve.

  U.S. manufacturing grew for the first time in 1-1/2 years in March, supported by a rebound in production and an increase in new orders, weighing on expectations of a rate cut starting in June.

  Provisional data from the National Stock Exchange showed that foreign portfolio investors sold Rs 522 crore ($62.61 million) of shares on a net basis, while domestic institutional investors purchased shares worth Rs 1,208 crore on Monday.

• April 02, 2024 09:20
  

  Stock Market Live Today: RateGain’s connectivity platform now on Oracle cloud marketplace

  RateGain Travel Technologies Limited announced that its connectivity platform is available on the Oracle Cloud Marketplace, can be deployed on Oracle Cloud Infrastructure (OCI), and integrated with the Oracle OPERA Cloud via the Oracle Hospitality Integration Platform (OHIP). Oracle Cloud Marketplace is a centralised repository of enterprise applications offered by Oracle and Oracle partners.

• April 02, 2024 09:19
  

  Stock Market Live Today: Tata Technologies executes JV agreement with BMW Holdings, Netherlands

  Tata Technologies Limited has executed a joint venture agreement with BMW Holding B.V., Netherlands (‘BMW’). 

  The joint venture will aid BMW Group in engineering premium products, delivering great digital experiences for its customers, and propelling its digital transformation journey. The focus will be on delivering automotive software, including software-defined vehicle (SDV) solutions for its premium vehicles and digital transformation solutions for business IT.

  Tata Tech stock rises 1.05% on the NSE, trading at ₹1,060.80

• April 02, 2024 09:16
  

  Stock Market Live Today: Crude oil futures rise on US manufacturing growth; Brent at $87.84, WTI at $84.13

  Crude oil futures traded higher on Tuesday morning as the manufacturing PMI data from the US showed growth in March. At 9.13 am on Tuesday, June Brent oil futures were at $87.84, up by 0.48 per cent, and May crude oil futures on WTI (West Texas Intermediate) were at $84.13, up by 0.50 per cent. April crude oil futures were trading at ₹7008 on Multi Commodity Exchange (MCX) during the initial hour of trading on Tuesday morning against the previous close of ₹6997, up by 0.16 per cent, and May futures were trading at ₹6952 against the previous close of ₹6939, up by 0.19 per cent.

• April 02, 2024 08:57
  

  Stock Market Live Today: Corporate Actions

  Dividend

  02-Apr-24

  TVSHLTD: Interim Dividend – Rs. – 94.00

  GPTHEALTH: Interim Dividend – Rs. – 1.00

  BDL: Interim Dividend – Rs. – 8.85

  03-Apr-24

  ASHOKLEY: Interim Dividend – Rs. – 4.95

  04-Apr-24

  SUNCLAY: Interim Dividend – Rs. – 5.15

  VBL: Final Dividend – Rs. – 1.25

  05-Apr-24

  ESABINDIA: Interim Dividend – Rs. – 24.00

  VISCO: Interim Dividend – Rs. – 1.00

  08-Apr-24

  SUNTV: Interim Dividend – Rs. – 3.00

  IMFA: Special Dividend

  PRIMAPLA: Interim Dividend

  IPO

  Bharti Hexacom: Open: 03-Apr-24; Close: 05-Apr-24

  Buyback

  Freshtrop Fruits: Ex-Date: 02-Apr-24

  Dwarikesh Sugar Industries: Open: 27-Mar-24; Close: 03-Apr-24

  Garware Technical Fibres: Open: 01-Apr-24; Close: 05-Apr-24

  Bonus

  Sunrise Efficient Marketing: Bonus Issue 1:2; Ex-Date: 03-Apr-24

  Cupid: Bonus Issue 1:1; Ex-Date: 04-Apr-24

  Stock Split

  Cupid: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 04-Apr-24

  Bodhi Tree Multimedia: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 05-Apr-24

  Right Issue

  Iykot Hitech Toolroom: Ex-Date: 03-Apr-24

  Shiva Cement: Ex-Date: 03-Apr-24

  Savani Financials: Ex-Date: 04-Apr-24

  Aa Plus Tradelink: Ex-Date: 05-Apr-24

  Hindustan Construction Company: Open: 26-Mar-24; Close: 05-Apr-24

  Tierra Agrotech: Open: 28-Mar-24; Close: 10-Apr-24

  Sawaca Business Machines: Open: 02-Apr-24; Close: 12-Apr-24

  Balkrishna Paper Mills: Open: 02-Apr-24; Close: 15-Apr-24

  Mishtann Foods: Open: 02-Apr-24; Close: 17-Apr-24

  Spectrum Foods: Open: 08-Apr-24; Close: 22-Apr-24

  Open Offer

  Route Mobile: Open: 27-Mar-24; Close: 12-Apr-24

• April 02, 2024 08:56
  

  Stock Market Live Today: Company Update – Uno Minda : Industry leading growth to continue, portfolio play…

  Investment Rationale:

  OEM centric ancillary, offering healthy premiumisation play: Uno Minda has over the years evolved into one of the largest entities in domestic auto ancillary space (kit value >~10% of vehicle Asp’s), providing solutions in areas of comfort & convenience (automotive switches, interior & exterior lighting, acoustics systems, seating), aesthetics (alloy wheels), safety (airbags, sensors & controllers), etc. It has a history of vast outperformance vs. user industries riding on growth in kit value, new client and product additions as well as inorganic acquisitions. It counts all major 2-W and PV OEMs as its clients. OEMs form ~90% of sales with aftermarket constituting the rest. It realizes ~83% of its sales domestically. MIL offers premiumisation play given its prominent presence in alloy wheel, airbag, sensors, seat belts & smart systems, etc. which are currently amongst the top selling proposition by domestic OEM’s supported by safety enabling government regulations

• April 02, 2024 08:56
  

  Stock Market Live Today: Company Update – Sonata Software : Growth momentum to sustain…

  Investment Rationale:

  Growth Momentum to continue: Sonata’s growth momentum is likely to continue to achieve revenue of US$ 500 mn in IT services by FY2026. Sonata’s acquired companies Quant Systems & Encore Software are fully integrated and both the companies has performed better than the company’s expectations leading to payment of additional earnout indicating the acquired companies are contributing significantly to Sonata’s growth. Sonata also expects AI services to contribute 20% to revenue by FY26E.We believe that Sonata IT services will grow at 25.5% CAGR over FY23-26E in dollar terms and 27.4% CAGR in rupee terms. We expect Sonata overall revenues to grow at ~18% CAGR over FY23-26E.

• April 02, 2024 08:55
  

  Stock Market Live Today: Q4 RESULTS SEASON 

  =12TH APR 2024, TCS 

  =17TH APR 2024, ICICIGI

  =18TH APR 2024, 

  =20TH APR 2024, HDFCBANK

  =22ND APR 2024, PERSISTENT

  =25TH APR 2024, MPHASIS

  =26TH APR 2024, HCLTECH

  =27TH APR 2024, ICICIBANK

  =29TH APR 2024, ULTRATECH CEMENT

  =2ND MAY 2024, COFORGE

  =6TH MAY 2024, GUJGAS

  =7TH MAY 2024, DRREDDY

  =7TH MAY 2024, NAVINFLUOR

  =9TH MAY 2024, ASIANPAINT

  =10TH MAY 2024, ABB

  =22ND MAY 2024, JUBLFOOD

  =24TH MAY 2024, BOSCH

• April 02, 2024 08:49
  

  Commodities Market Live Today: Oil gains on upbeat manufacturing data, escalating Middle East tensions

  Oil prices gained in early Asian trading on Tuesday, underpinned by signs of improved demand and escalating Middle East tensions that had sparked a rally in U.S. futures to a five-month high in the previous session.

  Brent futures for June delivery rose 37 cents to $87.79 a barrel. The May contract for U.S. West Texas Intermediate (WTI) crude futures rose 32 cents to $84.03 a barrel.

  Stronger than expected U.S. and Chinese manufacturing data is lifting prices, Tony Sycamore, a market analyst with IG, wrote in a note. – Reuters

• April 02, 2024 08:47
  

  Commodities Market Live Today: Gold holds ground as easing Treasury yields lift appeal

  Gold prices held steady on Tuesday backed by lower U.S. Treasury yields, after touching a record high in the previous session on growing expectations that the Reserve would cut interest rates for the first time in June.

  FUNDAMENTALS

  * Spot gold was unchanged at $2,250.26 per ounce, as of 0059 GMT, after hitting an all-time high of $2,265.49 on Monday.

  * U.S. gold futures edged 0.6% higher to $2,270.70 per ounce.

  * Benchmark U.S. 10-year Treasury yields dipped, lifting the appeal of zero-yield gold. – Reuters

• April 02, 2024 08:15
  

  Stock Market Live Today: BALKRISHNA PAPER MILLS LTD – Rights issue opens

  Security Type: Equity

  Issue Period: Apr 2024 to 15 Apr 2024

  Issue Size – No.of Shares: 2,14,79,688

  Face Value: 10.00

  Price (Inclusive of Premium) 21.00

  Market Lot 1

  LTP 23.35

  Book Running Lead Manager NAVIGANT CORPORATE ADVISORS LIMITED

  Registrar Purva Sharegistry (India) Private Limited

  Notes: Issue of upto fully paid up 2,14,79,688 Equity Shares with a face value of Rs.10 each for cash at a price of Rs.21.00 per Equity Share aggregating up to Rs.4,510.73 Lakhs on a rights basis to Eligible Shareholders in the ratio of 2 (Two) Rights Equity Shares for every 1 (One) fully paid-up Equity Share held on the Record Date i.e. 15th March, 2024.

• April 02, 2024 08:12
  

  Stock Market Live Today: Rays Power Infra completes pre-IPO round, raises ₹54 crore

  Rays Power Infra, is one of the leading integrated solar power company in India, has announced the completion of its Pre-IPO round as a part of its fund raising process and boosting investor confidence.

  Individual and institutional investors that participated in the private placement included Kamlesh Navinchandra Shah financial advisor, Vijay Mohan Karnani founder of Vimana Capital, Ashok Kumar and Tushar Anand from Alkem Family House, Rakesh Laroia a financial investor and few other renowned investors.

  This Pre-IPO round of 54 crores reflects a strong endorsement of Rays Power Infra’s business model, growth prospects, robust order book position and management team. The funds raised through this investment will support the company’s expansion initiatives and overall strategic objectives.

• April 02, 2024 08:12
  

  Stock Market Live Today: Aditi Nayar, Chief Economist, Head Research and Outreach, ICRA Ltd. on GST

  “With a continued double-digit growth, the CGST collections have exceeded the FY2024 RE, even as there is a modest shortfall in the GST compensation cess inflows, which are now being used to repay the loans undertaken during the covid period

  With the CGST collections surpassing the FY2024 RE, the implicit growth needed to meet the Interim Budget Estimate for FY2025 has come down to single-digits, which appears likely to be exceeded.”

• April 02, 2024 08:11
  

  Stock Market Live Today: Emkay Global on Telecommunications 

  Jan-24 TRAI subscriber data: Bharti active subs pick up further

  The telecom industry’s VLR base rose by 2.7mn in Jan-24 vs. the 1.9mn increase in Dec-23. This was led by the reported subscriber base increasing by 2.2mn in Jan-24. While VIL’s VLR subscribers are down by 1.7mn MoM, Bharti/Jio saw VLR subscriber rise of 3.6mn/1.1mn, respectively. In terms of overall subscribers, Jio continued to report the highest addition for the 22nd straight month (at 4.2mn MoM in Jan-24), with Bharti lagging at 0.8mn adds. VIL reported subscriber loss of 1.5mn MoM, as the loss rate picked up from 1.4mn in Dec-23. Jio seems to have gained from the launch of JioBharat phone. Jio dominated the wireless broadband subscriber addition, with increase of 4.2mn; Bharti followed, logging a 2.4mn rise MoM. VIL’s wireless broadband subscriber-count was down by 0.5mn MoM. Jio’s wireline addition rate picked up further, with the addition of 0.25mn subs (vs. 0.23mn adds in Dec-23). Even as Jio and Bharti continue with 5G rollouts, the timing of the tariff hike remains the key trigger. VIL needs a sizable fund-raise to increase capex for restricting its subscriber loss. We continue to favor Bharti and Jio, among telcos.

• April 02, 2024 08:10
  

  Stock Market Live Today: GST collection numbers for March 2024 by Gunjan Prabhakaran, Partner & Leader, Indirect Tax, BDO India  

  The healthy rate of growth of the GST collections on year on year basis reflects growth of the economy as well as improved compliance (aided by the various anti-evasion measures taken by the Government). Increase in the GST collections in FY24 is also aided by the payment of tax liability by the assessees against the notices issued by the tax authorities during FY24 for FY18 and FY19.

• April 02, 2024 08:10
  

  Stock Market Live Today: Auto & Auto Ancillaries: Emkay Global

  Mar-24 volumes: Mixed bag performance

  Volume trends in Mar-24 were a mixed bag. TVSL outperformed in 2Ws with 12% growth, while HMCL reported a decline; there was double-digit growth in PV wholesales. MHCVs continued to drag CVs, with tractors also down in double digits. 2W retails rose 5%, while 4Ws posted a double-digit decline again.

• April 02, 2024 08:09
  

  Stock Market Live Today: Motilal Oswal – DALMIA BHARAT: Prices soft in key markets; but volume growth should be better

  (DALBHARA IN, Mkt Cap USD4.5b, CMP INR1992, TP INR2500, 25% Upside, Buy)

  – Dalmia Bharat (DALBHARA)’s key markets (the South and East regions) witnessed a higher price correction (down 8-9% QoQ) vs. other regions (down 3-7% QoQ) in 4QFY24. However, the company is likely to report double-digit volume growth in 4QFY24, supported by healthy demand and market share gains. We cut our EBITDA estimates by 4%/8%/8% for FY24/FY25/FY26 due to weak pricing, which was partly offset by higher volume growth and cost reduction initiatives.

  – Further, a delay in the acquisition of Jaiprakash Associates (JPA)’s cement assets (announced in Dec’22) remains an overhang on the stock. The approval process from various banks is pending and is taking longer than anticipated. However, DALBHARA’s organic expansion plans are on track. It will add clinker and cement capacities of 4.9mtpa each through a mix of greenfield and brownfield expansions by FY25.

• April 02, 2024 08:09
  

  Stock Market Live Today: Motilal Oswal – CONSUMER – THEMATIC: Time to restock! Volume print to improve; risk-reward in favour

  – Consumer staples companies have struggled to maintain volume growth momentum during the last two years, largely due to external challenges. With deep distribution touchpoints and a heavy revenue mix from the highly penetrated traditional categories (such as oral care, hair care, laundry, soaps, etc.), the volume performance of staples reflected the real consumption demand at a pan-India level. This was unlike discretionary companies/categories that have been enjoying market penetration, share gains by organized players, and changes in wallet share. Therefore, while revenue CAGR for staples was at 13%, the same for discretionary was at 28% over the last two years. Such a contrast was not observed in previous phases. 

  – Earnings delivery of the staples companies was not as weak as it was on the volume front. Staples clocked 16% and 9% YoY PAT growth during 9MFY24 and FY23 (broadly similar to historical averages). Despite such healthy earnings, the majority of staples stocks have underperformed because the market was more focused on volume-led earnings growth. Over the last three years, the stock returns of HUL, Dabur, Marico, Emami, and P&G have been lower than their earnings growth. During the same period, discretionary companies have resulted in a better earnings trajectory, leading to a valuation re-rating.

  – We continue to believe that discretionary categories/companies have better growth potential driven by factors such as market penetration, deeper distribution reach, GDP multiplier, higher wallet share, etc. However, we do see growth normalization (settling of pent-up demand) along with the risk of sustaining such high margins amid intensifying competition for many discretionary companies. The risk of earnings cuts, along with a valuation check, is associated with the discretionary companies. However, over the same period, we anticipate volume growth for staples companies to be bottoming out with limited risk of earnings cuts. Given the comfort level with valuation and earnings, we believe that select staple companies offer a better risk-reward compared to several discretionary companies over the next 12-18 months.

  – We recommend increasing portfolio weights for staples companies. We prefer HUL, GCPL, and Dabur in the staples category. In the discretionary category, we continue to favor the jewelry space and prefer Titan

• April 02, 2024 08:07
  

  Stock Market Live Today: Fund Houses Recommendations    

  Citi on Adani Ports: Maintain Buy on Company, raise target price at Rs 1758/sh from Rs 1564/Sh (Positive) 

  Jefferies on HAL: Maintain Buy on Company, target price at Rs 3900/sh (Positive) 

  Jefferies on Data Patterns: Maintain Buy on Company, target price at Rs 3545/sh (Positive) 

  Jefferies on BEL: Maintain Buy on Company, raise target price at Rs 260/sh from Rs 225/Sh (Positive) 

  CLSA on Prestige: Maintain Buy on Company, raise target price at Rs 1520/sh (Positive) 

  B&K on La Opala: Maintain Buy on Company, target price at Rs 462/sh (Positive) 

  B&K on Saregama: Maintain Buy on Company, target price at Rs 441/sh (Positive) 

  Macquarie on AB Cap: Maintain Outperform on Company, target price at Rs 230/sh (Positive) 

  MOSL on Dalmia Bharat: Maintain Buy on Company, target price at Rs 2500/sh (Positive) 

  CLSA on DMart: Maintain Buy on Company, raise target price at Rs 5514/sh from Rs 5307/sh (Positive) 

  MS on Godrej Prop: Upgrade to Overweight on Company, raise target price at Rs 2500/Sh (Positive) 

  MS on IOC: Maintain Overweight on Company, target price at Rs 191/Sh (Positive) 

  MS on Prestige: Maintain Overweight on Company, target price at Rs 1400/Sh (Positive) 

  MS on Macrotech: Maintain Equal weight on Company, target price at Rs 1050/Sh (Neutral) 

  MS on Oberoi Real: Maintain Underweight on Company, target price at Rs 1180/Sh (Neutral) 

  MS on Dixon: Maintain Underweight on Company, target price at Rs 5241/Sh (Neutral) 

  Citi on LTTS: Maintain Sell on Company, target price at Rs 4375/sh (Neutral) 

  Citi on Persistent: Maintain Sell on Company, target price at Rs 2910/sh (Neutral) 

  Citi on Infosys: Maintain Neutral on Company, cut target price at Rs 1660/sh from Rs 1735/Sh (Neutral) 

  Citi on Wipro: Maintain Sell on Company, cut target price at Rs 440/sh from Rs 470/Sh (Negative) 

  Citi on MPhasis: Maintain Sell on Company, cut target price at Rs 2255/sh from Rs 2515/Sh (Negative) 

  Citi on TCS: Maintain Sell on Company, cut target price at Rs 3500/sh from Rs 3635/Sh (Negative) 

  Citi on Tata Tech: Maintain Sell on Company, cut target price at Rs 920/sh from Rs 1000/Sh (Negative)

• April 02, 2024 07:58
  

  Stock Market Live Today: Zee Entertainment is out of the F&O ban

• April 02, 2024 07:58
  

  Stock Market Live Today: The extra-ordinary general meeting of Vodafone Idea wil seek shareholder approval for ₹20,000 crore fund raising today.

• April 02, 2024 07:58
  

  Stock Market Live Today: March GST collection second-highest ever at Rs 1.78 lakh crore; 11.5% growth YoY

  FY 2023-24 marks a milestone with total gross GST collection of Rs 20.14 lakh crore exceeding ₹20 lakh crore, a 11.7% increase compared to the previous year 

  GST revenue from every state of India,

  Maharashtra – 27,688 crore

  Karnataka – 13,014 crore

  Gujarat – 11,392 crore

  Tamil Nadu – 11,017 crore

  Haryana – 9,545 crore

  Uttar Pradesh – 9,087 crore

  Delhi – 5,820 crore

  West Bengal – 5,473 crore

  Telangana – 5,399 crore

  Odisha – 5,109 crore

  Rajasthan – 4,798 crore

  Andhra Pradesh – 4,082 crore

  Madhya Pradesh – 3,974 crore

  Jharkhand – 3,243 crore

  Chattisgarh – 3,143 crore

  Kerala – 2,598 crore

  Punjab – 2,090 crore

  Bihar – 1,991 crore

  Assam – 1,543 crore

  Uttarakhand – 1,730 crore

  Himachal Pradesh – 852 crore

  Jammu & Kashmir – 601 crore

  Goa – 565 crore

  Sikkim – 303 crore

  Meghalaya – 213 crore

  Arunachal Pradesh – 168 crore

  Tripura – 121 crore

  Nagaland – 83 crore

  Manipur – 69 crore

  Mizoram – 50 crore

• April 02, 2024 07:57
  

  Commodities Market Live Today: India’s March LPG consumption at 2.73MT, up 11.53% (YoY) – Preliminary govt data.

• April 02, 2024 07:56
  

  Stock Market Live Today: F&O BAN

  NIL

• April 02, 2024 07:56
  

  Stock Market Live Today: Trading Tweaks

  Price band revised from 10% to 5%: MSP Steel and Power. 

  Ex/record dividend: TVS Holdings, Bharat Dynamics, and GPT Healthcare. 

  Moved into short-term ASM framework: Dynacons Systems and Solutions.

  Moved out into short-term ASM framework: Dishman Carbogen Amcis, Zaggle Prepaid Ocean Services.

• April 02, 2024 07:54
  

  Stock Market Live Today: Bulk Deals 

  Suraj Estate Developers: BNP Paribas Arbitrage sold 2.22 lakh shares (0.5%) at Rs 302.97 apiece

• April 02, 2024 07:53
  

  Stock Market Live Today: Stocks To Watch Out for Today 

  Maruti Suzuki India: The company produced 1.63 lakh units of passenger vehicles for the month of March vs. 1.50 lakh units last year and total production volume was 1.67 lakh units vs. 1.54 lakh units. 

  Ashok Leyland: The company reported total domestic vehicle sales of 21,317 units vs. 22,885 units, down 7% YoY, and total domestic plus export vehicle sales of 22,866 vs. 23,926, down 4%. 

  Aditya Birla Fashion: The company plans to vertically demerge its Madura Fashion and Lifestyle business into a separate listed company. 

  Hero MotoCorp: The company recorded total sales at 4.9 lakh units vs. 5.19 lakh units YoY and motorcycle sales at 4.57 lakh units vs. 4.86 lakh units.

  JTL Industries: The company reported its highest-ever annual sales volume of 3,41,846 MT vs. 2,40,316 MT in FY24, up 42.25%. 

  AU Small Finance Bank: The board of AU Small Finance Bank has announced the merger of Fincare Small Finance Bank with itself.

  NMDC: The company reported 4.86 MT of production for the month of March 2024 vs. 5.6 MT in March 2023 and sales for the month of March stood at 3.96 MT vs. 4.84 MT in March 2023. 

  Infosys: The company received a tax demand order worth Rs 341 crore for FY20–21.

  TVS Motor: The company reported total sales at 3.55 lakh units vs. 3.17 lakh units, up 12% YoY, and motorcycle sales at 1.72 lakh units, up 22%. 

  CSB Bank: The company reported total deposit as of March 31 at Rs 29,719 crore, up 21.27% YoY, and gross advances at Rs 24,574 crore, up 17.91%. 

  Bharat Dynamics: The company reported a turnover of Rs 2,350 crore for FY24 vs. Rs 2,489 crore for FY23. Its order book position stands at Rs 19,468 crore as of April 1. 

  IIFL Finance: The company received NSE approval to acquire shares aggregating up to Rs 284.4 crore of the bourse from FIH Mauritius Investments through off-market transfer. 

  Atul Auto: The company sold 3,128 vehicles for the month of March and reported total sales of 26,039 units for FY24, up 1.92%. 

  IREDA: The company’s loan was sanctioned as of March 31 at Rs 37,354 crore, up 14.63% YoY. Loan book outstanding as of March 31 was Rs 59,650 crore, up 26.71 YoY.

  Paisalo Digital: The board will meet on April 4 to consider fundraising through NCDs. 

  Uflex: The company started commercial operations of the CPP Film production line at Flex Films Rus LLC, Russia, with an installed capacity of 18,000 MT per year.

  UNO Minda: The company received communication from Honda Motorcycle and Scooter India informing about the global recall of their bikes on account of leakage of oil observed from the engine caused by the dislodgement of the sealing plug cone out of the engine cover, which was supplied by the company’s plant situated in Bawal, Haryana. The OEM has estimated that the recall will cost Rs 76 crore.

• April 02, 2024 07:49
  

  Stock Market Live Today: Bonus Issue Dates

  Sunrise Efficient Marketing Ltd

  Bonus issue 1:2

  Previous day Closing Price – Rs. 102.56

  Ex Bonus 03 April 2024 (Tomorrow)

  Last date Trade for Before Bonus Today

• April 02, 2024 07:49
  

  Stock Market Live Today: Dividend Dates

  Ashok Leyland Ltd.

  Dividend Per Share Rs.4.95

  Previous day Closing Price – Rs. 174.65

  Ex-Dividend 03 April 2024 (Tomorrow)

  Last date for Cum-Dividend Today

• April 02, 2024 07:49
  

  Commodities Market Live Today: OPEC oil output drops in March

  • Lower exports from Iraq and Nigeria led to a drop in OPEC oil output.

  • OPEC members pumped 26.42 million barrels per day, down 50,000 bpd from February.

  • Traders anticipate OPEC+ meeting, which is expected to extend production cuts through June, tightening supply.

• April 02, 2024 07:48
  

  Stock Market Live Today: Maruti Suzuki sees SUV-driven growth, eyes single-digit sales increase

  Maruti Suzuki:

  • Company executive says much of the growth in passenger vehicle sales this year is fueled by SUVs.
  • Sales in rural areas grew by 11% versus urban area growth of 7%.
  • Company executive says expects sales to grow in single digits in current fiscal year.
  • Company now has just under 42% share of the passenger vehicle market.
  • Company executive says government investment in infrastructure, rising income levels, and good monsoon helped rural growth.

• April 02, 2024 07:47
  

  Stock Market Live Today: Earnings calendar

  Earnings Calendar – 02.04.2024 

  GOPAL

  Earnings Calendar – 04.04.2024 

  GMBREW

• April 02, 2024 07:47
  

  Stock Market Live Today: Fund Flow Activity: 01 April 2024 (In Cr)

  Turnover: (NSE + BSE)

  Cash Volume: 84466.86 + 5602.84 Total: 90069.7

  F&O Volume: 318995.42 + 9252762.62 Total: 9571758.04

  Provisional Cash Rs. In Crs.

  FII/FPI: NET SELL: -522.3 

  (8817.98 – 9340.28) 

  DII: NET BUY: +1208.42 

  (10193.47 – 8985.05)

• April 02, 2024 07:46
  

  Stock Market Live Today: Macquarie initiates Aditya Birla Capital with outperform rating, Rs 230 target

  Macquarie Initiate Aditya Birla Capital with an Outperform rating and Rs230 target price. ABCL offers 30%+ upside potential and is top pick in NBFCs.

• April 02, 2024 07:34
  

  Stock market Live Today: UPI ends FY24 on a high note, transactions worth ₹199 lakh crore processed

  The Unified Payments Interface (UPI) ended FY24 on a strong high, setting new records for both the volume and value of transactions undertaken during March 2024.

  This was despite transactions dipping slightly in February 2024 due to the fewer number of days in the month, and increased investment activity ahead of the financial year end.

• April 02, 2024 07:29
  

  Stock Market Live Today: Insights: Megha Engineering: From a fabrication unit to an infrastructure major

  Megha Engineering and Infrastructure Limited (MEIL) was a little-known infrastructure company before March 15, 2024. But on that day, as State Bank of India released list of electoral bond (EB) donors, MEIL was propelled into the public eye. 

• April 02, 2024 07:16
  

  Stock Market Live Today: India Inc’s credit quality remained robust in FY24, say rating agencies

  India Inc’s credit quality remained robust in FY24, with the number of entities upgraded outpacing those downgraded even as the outlook on this front remains positive for the new financial year, going by credit rating agencies’ (CRAs) assessment of India Inc’s credit profile.

  Rating agencies observed that a resilient economy, robust domestic consumption demand across several sectors, government spending on public infrastructure, and healthy balance sheets lent support to the credit profiles of entities.

• April 02, 2024 07:15
  

  Stock Market Live Today: Stocks in Focus Infosys receives tax demand of ₹341 crore

  IT major Infosys has received a tax demand of ₹341 crore from the Income Tax Department for the assessment year 2020-21.

  “The company is in the process of evaluating the implications of this order on the financial statements for the quarter and year ending March 31, 2024, and also evaluating filing appeal against this order,” Infosys said in an exchange filing.

• April 02, 2024 07:13
  

  Stock Market Live Today: Govt to kickstart FY25 borrowing programme with a new 10-year paper

  The government will kickstart its FY25 borrowing programme on April 5 by auctioning three dated securities, including a new 10-year government security (G-Sec) for raising ₹38,000 crore even as RBI said all G-Sec auctions will be conducted using multiple price auction method.

• April 02, 2024 07:12
  

  Stock Market Live Today: Major U.S. listed stocks result calendar 02.04.2024 

  Paychex, Inc. (Pre market) (Sector- Miscellaneous)

• April 02, 2024 07:11
  

  Stock Market Live Today: Economic Calendar – 02.04.2024 

  TENT EURO German Prelim CPI m/m (Expected: 0.4% versus Previous: 0.4%)

  10:30 INDIA HSBC Manufacturing PMI (Expected: 59.4 versus Previous: 56.9)

  10:30 EURO Final Manufacturing PMI (Expected: 45.7 versus Previous: 45.7)

  14:00 U.K. Final Manufacturing PMI (Expected: 49.9 versus Previous: 47.5)

  19:30 U.S. JOLTS Job Openings (Expected: 8.79M versus Previous: 8.86M)

• April 02, 2024 07:11
  

  Stock Market Live Today: Copper: Uptrend intact. Retain the longs

  Copper prices have reversed higher after a short-lived corrective fall. The copper futures contract on the Multi Commodity Exchange (MCX), which made a low of ₹754 per kg, have bounced back sharpl. The contract is currently trading at ₹766 per kg .

  The outlook is bullish.

• April 02, 2024 07:05
  

  Stock Market Live Today: Today’s Stock Recommendation: 2nd April 2024

  Here’s an interesting stock idea: The share price for this stock has surged over 11 per cent on Monday. The momentum is strong and the stock can move further up in the coming days. Check out the latest episode of bl.Today’s Pick to learn more.

• April 02, 2024 07:03
  

  Stock Market Live Today: Stock Recommendations: IDBI Capital on Aavas Fin (Buy)

  Aavas Financiers is the larger player in affordable housing listed space with 351 branches as of Q3-FY24 spread across 13 states (majorly north & west). Its focus area – 60 per cent customers are self-employed while remaining 40% are salaried in non-formal segments. The operationally intensive business model and low ATS has kept competition from banks and large NBFCs at bay.

• April 02, 2024 07:02
  

  Stock Market Live Today: Stock Recommendations: Choice International on Hindware Home (Outperform)

  Hindware Home Innovation Ltd (HHIL) was demerged from AGI Greenpac Ltd (erstwhile HSIL Ltd) in August 2019.Hindware Home Innovation Limited (formerly known as Somany Home Innovation Limited) is a prominent player in the building products industry and a rapidly growing force in the Indian consumer appliances sector.

• April 02, 2024 06:58
  

  Stock Market Live Today: Stock to buy today: Hindustan Copper (₹310.10): BUY

  The short-term outlook is bullish for Hindustan Copper. The stock has begun the week on a strong note by surging over 11 per cent on Monday. This surge has taken the share price very well above ₹290 – a key resistance level. That keeps the overall uptrend intact.

• April 02, 2024 06:57
  

  Stock Market Live Today: Trading guide for April 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