Stock Market Highlights, April 27: Benchmarks snap 5-day winning run; Sensex tanks 609 pts

Stock Market Highlights on April 26: Bajaj Finance and Bajaj Finserv shed up to 8 per cent, dragging the benchmarks

1:51 PM

HUDCO stock hits record high; zooms 15% on heavy volumes

HUDCO stock price update: HUDCO zoomed 15% on hopes of strong earnings growth going ahead. The stock has rallied 43% from its recent low. READ MORE

1:39 PM

ALERT:: Bank of Maharashtra Q4 net jumps 45%; stock up 2%

Bank of Maharashtra today reported 45 per cent YoY growth in Q4FY24 net profit at Rs 1,217.67 crore when compared with Rs 840.04 crore in Q4FY23. Total income increased by 22 per cent YoY to Rs 6,488.25 crore from Rs 5,317.27 crore.

1:30 PM

VST Tillers shares jump 6% on incorporation of US subsidiary

VST Tillers Tractors (VST Tillers) shares rose as much as 5.74 per cent to hit an intraday high of Rs 3,498.80 apiece after the company announced that it has incorporated a step-down subsidiary in the United States. READ MORE

 

1:22 PM

IndiGo hits record high on placing $5 bn order for 30 wide-body aircraft

The boost came after the company's announcement of venturing into the wide-body space with an order placement for 30 Firm A350-900 aircraft. READ MORE

1:08 PM

Hindustan Unilever eyes growth in beauty segment amid market expansion

Hindustan Unilever (HUL), India's largest consumer goods company, is investing in its beauty portfolio to capitalise on growing demand. Rohit Jawa, HUL’s chief executive officer and managing director, spoke about expansion plans during an analyst call after fourth quarter results for Financial Year 2023-24 were released on Wednesday. READ MORE

12:52 PM

Zensar Technologies zooms 11% on strong Q4 performance; profit rose 45% YoY

Shares of Zensar Technologies rose 11.4 per cent at Rs 641.75 a piece on BSE in Friday's intraday trade. This came after the company reported a 45 per cent surge in its net profits. READ MORE

12:38 PM

This stock zoomed 20% on NCLT's nod to demerge aerospace & defense biz

Shares of Rossell India (RIL) locked in 20 per cent upper circuit at Rs 467.60 on the BSE in Friday's indtraday deals. This came after the National Company Law Tribunal (NCLT), Kolkatta bench approved the scheme of arrangement between the company and Rossell Techsys limited (RTL). READ MORE

Sensex, Nifty, stock market, BSE, NSE

12:25 PM

Asian Market Update:: Shanghai, Hang Seng rally up to 2%

11:56 AM

How to trade F&O stocks with high rollovers in May; check key levels here

Equity benchmark indices have witnessed a swift recovery from the recent lows as fears of escalation in the Israel-Iran conflict eased. Following the recent gains, the Sensex and the Nifty are less than 1 per cent from their respective peak at 75,124 and 22,776, hit earlier this month. The Nifty SmallCap index, meanwhile, has registered a new summit at 15,850. READ MORE

 

11:46 AM

Deloitte projects India's FY25 GDP growth at 6.6% as exports rebound

The country's GDP growth is estimated to reach around 6.6 per cent in FY 2024-25 and 6.75 per cent in the year after, as markets learn to factor in geopolitical uncertainties in their investment and consumption decisions, Deloitte said in its quarterly update to its economic outlook. READ MORE

11:37 AM

Market Check :: Broader markets firm in a weak market

In broader markets, BSE Sensex MidCap soared 0.69 per cent while SmallCap rose 0.60 per cent.

11:16 AM

F&O rollovers insights: FIIs up index shorts; reduce longs in stock futures

Going ahead into the May series, the ongoing Q4 earnings season is expected to weigh on the market sentiment in the initial few days. Thereafter, the markets will seek direction from the US, posts the Federal Reserve rate decision on May 01. Towards the end of the month, the focus will shift to anticipation of the general elections result. While, the outcome seems certain of the ruling party coming back to power, the attention will be on the margin of victory. READ MORE

11:04 AM

Stock Alert: Havells India m-cap tops Rs 1-trillion mark; stock rallies 4%

Havells India joined the elite group of companies having market capitalisation (market cap) of Rs 1 trillion after the company's shares hit a record high of Rs 1,627, surging 4 per cent on the BSE in Friday's intraday trade. The stock of the consumer electronics company surpassed its previous high of Rs 1,590.90, touched on March 2. In the past three months, it has surged 27 per cent, as compared to a 5 per cent rise in the S&P BSE Sensex. READ MORE

10:46 AM

Markets wrong in hoping worst of geopolitical crisis is over: Chris Wood

Global financial markets are wrong in hoping that the worst of the geopolitical flare ups such as the Iran – Israel conflict, and the Russia – Ukraine war is over, wrote Christopher Wood, global head of equity strategy at Jefferies in his recent note to investors GREED & fear. While most investors and media are focused on Fed policy and the 'endless chatter' of US Fed governors, Wood believes the news flow in the financial sphere pales into complete insignificance compared with the tectonic shifts going on in geopolitics. READ MORE

10:31 AM

Tech Mahindra Q4: Stock zooms 13% as management eyes 'turnaround' in FY25

The management announced its vision for the financial year 2026-27 (FY27), with goals to outgrow peers in revenue growth and achieve earnings before interest and tax (Ebit) margin of 15 per cent by FY27. It also aims for a 30 per cent plus return on capital employed (ROCE) profile and expects to return >85 per cent of free cash flow (FCF) by FY27 READ MORE