Stock Market Highlights, April 10: Sensex rises 354 pts, Nifty holds 22,750; broader indices outshine

Stock market updates on Wednesday, April 10: Among sectors, the Nifty PSU Bank, FMCG, Media, and Metal indices gained in the range o 1.23 per cent to 1.80 per cent

9:03 AM

Currency Check :: Rupee opens at 83.21/$ vs Monday's close of 83.31/$

9:00 AM

Tesla & Reliance may join hands for EV manufacturing plant in India: Report

Tesla is potentially seeking a local partner to establish its operations in India. The American electric vehicle giant is considering the prospect of a joint venture with Reliance to construct a manufacturing facility within the country, The Hindu Businessline reported on April 9.

Reportedly, Tesla has earmarked $2 billion for its forthcoming endeavours in India and has been scouting various locations, including Gujarat and Maharashtra, as potential sites for the plant. Maharashtra is purportedly emerging as the favoured choice, the report claimed. Read more

8:40 AM

Betting big: Mutual funds own larger slice of small and midcap stocks

Retail investors now own a larger share of smallcap companies than they did a year ago, thanks to their conviction in mutual fund (MF) schemes focused on this segment.

Data from Capitaline shows that MFs’ average holding in the National Stock Exchange Nifty Smallcap 250 Index stood at 9 per cent at the end of the October-December quarter of 2023-24 (FY24), up from 7.76 per cent in the same quarter of 2022-23. Read more

8:23 AM

Gold price climbs Rs 10 to reach Rs 71,740, silver slips to Rs 84,400

The price of 24-carat gold registered a slight uptick of Rs 10 in early trade on Wednesday, with ten grams of the precious metal trading at Rs 71,740, according to the GoodReturns website. The price of silver, on the other hand, went down by Rs 100, with one kilogram of the precious metal selling at Rs 84,400.

The price of 22-carat gold rose Rs 10 with the yellow metal selling at Rs 65,760. Read more

8:11 AM

ICICI Bank, Eicher Motors can zoom up to 6-7% says HDFC Securities

Buy Eicher Motors(CMP-4,250): | Target Rs. 4,550 | Stop-loss Rs 4,050

By surpassing the previous swing high of 4,200, Stock has registered fresh all time at 4,303. Primary trend of the stock is bullish, as it has been forming higher tops and higher bottoms on the weekly charts. Auto sector has been outperforming for the last couple of weeks. Read more
 

8:03 AM

Nifty Private Bank nearing correction: Here's what the charts indicate

Nifty Bank Index

The Nifty Bank Index is currently trading at 48,730.55, exhibiting a bullish short-term trend on the charts. However, in the near term, the index is anticipated to encounter resistance levels, potentially leading to profit booking as the rally progresses. Read more

7:58 AM

Stocks to Watch today: Paytm, Maruti, ICICI Lombard, Lupin, PolicyBazaar

Here are the stocks that are expected to be on investors radar this Wednesday.

Maruti: The auto major on Tuesday said it has added a new assembly line at its plant in Manesar, Haryana, which has increased the company's total manufacturing capacity from 2.25 million units to 2.35 million units.

Paytm: Surinder Chawla, MD and CEO of Paytm Payments Bank has resigned ‘on account of personal reasons’, the company said in a regulatory filing yesterday. The resignation would be effective from June 26. Read more

 

7:49 AM

Rupee depreciates 2 paise

7:46 AM

Brent crude at $89.56 per bbl

7:43 AM

Gift Nifty futures suggest a positive start

At 07:15 AM, the Gift Nifty futures were quoting 80 points higher than Nifty 50 futures at 22,815.

7:38 AM

Asian markets trading lower on Wednesday morning

7:34 AM

US indices end flattish

7:30 AM

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