Stock market highlights, April 2: Sensex slips 111 pts, Nifty holds 22,450; broader indices rise over 1%
Stock market highlights on Tuesday, April 02: Among sectors, the Nifty Realty index hit a 16-year high intraday before closing 0.8 per cent higher. The Nifty Metal index, too, added 1.36 per cent
5:28 AM
We don't sense any significant nervousness among investors: Saion Mukherjee
As the markets enter the new fiscal year, they are keenly eyeing the outcome of the general elections back home and the policies that the new government may unveil. SAION MUKHERJEE, managing director and head of equity research for India at Nomura tells Puneet Wadhwa in a one-on-one chat in Mumbai that sticky inflation and delay in rate cuts by the US Federal Reserve can emerge as a concern for the markets. Read more
5:23 AM
BEL soars 5%, hits new high on record turnover in FY24, strong order book
Shares of Bharat Electronics (BEL) hit a new high of Rs 221.40 on the BSE in Tuesday’s intra-day trade amid heavy volumes. The stock prices shot up after the company said that it has achieved a provision turnover of around Rs 19,700 crore, registering a growth of 13.65 per cent year-on-year (YoY) during the financial year 2023-24 (FY24).
The state-owned aerospace and defense reported a turnover of Rs 17,333 crore in FY23. The stock surpassed its previous high of Rs 216.70 touched on March 7. The average trading volumes of the counter nearly doubled. A combined 44.1 million equity shares changed hands on the NSE and BSE till 10:18 am. In comparison, the S&P BSE Sensex was down 0.15 per cent at 73,903. Read more
The state-owned aerospace and defense reported a turnover of Rs 17,333 crore in FY23. The stock surpassed its previous high of Rs 216.70 touched on March 7. The average trading volumes of the counter nearly doubled. A combined 44.1 million equity shares changed hands on the NSE and BSE till 10:18 am. In comparison, the S&P BSE Sensex was down 0.15 per cent at 73,903. Read more
5:02 AM
ALERT :: India Manufacturing PMI hits 16-year high of 59.1 in March
>> The HSBC India PMI climbed to a 16-year high on the back of the strongest increases in output and new orders since October 2020, parallel to the second-sharpest upturn in input inventories in the history of the survey.
>> The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index™ (PMI) climbed to a 16-year high of 59.1 in March, from 56.9 in February.
>> The notable improvement in operating conditions reflected stronger growth of new orders, output and input stocks as well as renewed job creation.
>> Manufacturing output rose for the thirty-third month running in March, and to the greatest extent since October 2020.
>> The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index™ (PMI) climbed to a 16-year high of 59.1 in March, from 56.9 in February.
>> The notable improvement in operating conditions reflected stronger growth of new orders, output and input stocks as well as renewed job creation.
>> Manufacturing output rose for the thirty-third month running in March, and to the greatest extent since October 2020.
4:55 AM
In the past two trading days, the stock of Adani Group company has surged 6 per cent. It was quoting higher for the eight straight days, soaring 15 per cent during this period. In the past five months, the stock zoomed 84 per cent. Read more
Adani Ports rallies 4%; market cap hits Rs 3 tn on strong cargo volumes
Shares of Adani Ports and Special Economic Zone (APSEZ) hit a new high of Rs 1,425, as they rallied 4 per cent on the BSE in Tuesday’s intra-day trade. This came after the company handled its highest ever monthly cargo volumes (inclusive international ports) of over 38 million metric tonnes (MMT) in March 2024.
In the past two trading days, the stock of Adani Group company has surged 6 per cent. It was quoting higher for the eight straight days, soaring 15 per cent during this period. In the past five months, the stock zoomed 84 per cent. Read more
4:51 AM
In an exchange filing, released post market hours on Monday, Ireda said it recorded the highest-ever loan sanctions worth Rs 37,354 crore in FY24, while loan disbursements stood at Rs 25,089 crore. With this, total loan book stands at Rs 59,650 crore, a record growth of 26.71 per cent. Read more
Ireda hits 5% upper circuit on record loan sanctions, disbursements in FY24
Shares of Indian Renewable Energy Development Agency (Ireda) froze at 5 per cent upper circuit on the BSE on Tuesday after the clean energy financier posted record loan growth for the recently concluded financial year of 2023-24 (FY24).
In an exchange filing, released post market hours on Monday, Ireda said it recorded the highest-ever loan sanctions worth Rs 37,354 crore in FY24, while loan disbursements stood at Rs 25,089 crore. With this, total loan book stands at Rs 59,650 crore, a record growth of 26.71 per cent. Read more
4:32 AM
Smallcap stock Best Agrolife up 17%
4:13 AM
Aditya Birla Fashion freezes at 10% upper circuit on demerger plan
Shares of Aditya Birla Fashion and Retail (ABFRL) were locked in the 10-per cent upper circuit, at Rs 232.85, on the BSE in Tuesday's intraday trade after the company authorised the management to evaluate vertical demerger of Madura Fashion & Lifestyle (MFL) business from ABFRL into a separate listed company. Read more
4:05 AM
Adani Ports, Bajaj-Auto, BPCL gain on Nifty 50
4:00 AM
Broader markets in green
3:58 AM
Nifty IT, Fin Services lead sectoral losses
3:53 AM
Heatmap: ICICI Bank, Wipro, JSW Steel lead losses
3:51 AM
Opening bell: Nifty 50 below 22,450
3:47 AM
Opening bell: Sensex slides 100 points to 73,870
3:41 AM
Pre-open: Nifty 50 rangebound
3:40 AM
Pre-open: Sensex up 10 pts
Topics : Stock Market MARKET LIVE MARKET WRAP stock market trading Markets Sensex Nifty S&P BSE Sensex Nifty 50 Market trends Gift Nifty Indian stock market
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First Published: Apr 02 2024 | 7:28 AM IST