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Stock market highlights on Monday, April 01: Among sectors, the Nifty Media index jumped 4.7 per cent, the Nifty Metal 3.62 per cent, and the Nifty Realty 4.21 per cent

stock brokers, Sensex, Nifty, BSE, NSE

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			<strong>Closing Bell on April 1, 2024:</strong> Riding on an upbeat global sentiment, the benchmark indices claimed fresh record highs on the first day of the financial year 2024-25 (FY25). While the S&P BSE Sensex touched 74,255 intraday, the NSE Nifty50 scaled 22,530.</div>
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			The indices, however, settled off highs amid profit booking in select heavyweights like Titan Company, ITC, Bharti Airtel, and IndusInd Bank, and Tech M. The Sensex index closed at 74,015, up 363 points (0.49 per cent), and the Nifty50 ended at 22,462, up 135 points (0.6 per cent).&nbsp;</div>
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			The broader mid-cap, and small-cap indices, meanwhile, outperformed the frontline indices where the BSE MidCap index added 1.64 per cent and the BSE SmallCap gained 2.98 per cent.</div>
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			Among sectors, the Nifty Media index jumped 4.7 per cent, the Nifty Metal 3.62 per cent, and the Nifty Realty 4.21 per cent.</div>
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Sensex zooms 363 pts on 1st day of FY25, Nifty tops 22,450; SmallCap index rallies 3%

Business Standard

Sensex zooms 363 pts on 1st day of FY25, Nifty tops 22,450; SmallCap index rallies 3% | News on Markets - Business Standard

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Broader markets :: Mid, SmallCap indices begin FY25 with outperformance over benchmarks

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Sectoral trends :: Realty, Media indices jump over 4% each, Auto slips

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Sensex Heatmap :: Titan, IndusInd, Airtel cap upside on index

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Closing Bell :: Nifty holds 22.450 on 1st session of FY25

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Closing Bell :: Sensex extends FY24 gains, rallies 363 points

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Small-cap fertiliser stock leaps 20% on first day of FY25; here's why

Shares of small-cap fertiliser stock Best Agrolife were locked at the 20 per cent upper circuit at 1:45 PM on the BSE on Monday amid a rally in small-cap pack. While the the benchmark S&amp;P BSE Sensex was up 0.5 per cent, the BSE SmallCap index was quoting 2.6 per cent higher at the time of writing of this report.&nbsp; <a href="https://www.business-standard.com/markets/news/small-cap-fertiliser-stock-leaps-20-on-first-day-of-fy25-here-s-why-124040100446_1.html?1711961037" target="_blank"><strong>READ MORE</strong></a><br />
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Prestige Estate Projects soars over 7% on securing landmark funding

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	Shares of Prestige Estates Projects soared 7.4 per cent to a high of Rs 1,256 in Monday&#39;s intra-day trades on the BSE after the group reportedly secured landing funding for future projects.</div>
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	At 12:20 pm, the stock was up 6.2 per cent at Rs 1,243, on volumes of around 20,000 shares on the BSE. Meanwhile, the S&amp;P BSE Sensex gained 0.6 per cent at 74,060. <a href="https://www.business-standard.com/markets/news/prestige-estate-projects-soars-over-7-on-securing-landmark-funding-124040100315_1.html?1711954548" target="_blank"><strong>Read more</strong></a><br />
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Shares of HAL zoom 3% on revenue growth in FY24

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Globus Spirits zooms 11% as co commissions additional capacity at two units

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	Shares of liquor maker Globus Spirits sprinted as much as 10.7 per cent to Rs 736.4 per share in Monday&#39;s intraday deals on the BSE after the company began commercial operations at additional capacity at two existing units.&nbsp;</div>
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	At 11:40 AM, the stock was quoting 9.5 per cent higher at Rs 728 per share as against a half a per cent rise in the benchmark S&amp;P BSE Sensex. The stock, however, is still 44 per cent down from its 52-week high level of Rs 1,326 per share. <a href="https://www.business-standard.com/markets/news/globus-spirits-zooms-11-as-co-commissions-additional-capacity-at-two-units-124040100284_1.html?1711952920" target="_blank"><strong>Read more</strong></a><br />
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Torrent Power leaps 8% on winning order worth Rs 1,825 crore

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	Torrent Power shares rallied 8 per cent to Rs 1,463.25 apiece on the BSE in Monday&#39;s intraday trade after the company received Letter of Award (LoA) for a Grid-Connected Wind Solar Hybrid Project.<br />
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	The LoA has been received from Torrent Power Limited-Distribution Unit for setting up of 150 MW (RE Power) hybrid project valued at Rs 1,825 crore.&nbsp;</div>
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	At 10:50 AM, the shares were trading 6.3 per cent higher at Rs 1,440 as against 0.6 per cent gain in the benchmark S&amp;P BSE Sensex. <a href="https://www.business-standard.com/markets/news/torrent-power-leaps-8-on-winning-order-worth-rs-1-825-crore-124040100246_1.html?1711950598" target="_blank"><strong>Read more</strong></a><br />
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		<img align="" alt="Torrent Power" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-03/04/full/1614858690-2169.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Torrent Power" /></div>
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Aurobindo Pharma up 2% on commissioning 4 manufacturing facilities

On Sunday the company informed the exchanges that it has commissioned four manufacturing facilities for PenicillinG, 6-Amino Penicillanic Acid (6-APA), Injectable products and Granulation, through its wholly owned subsidiaries.&nbsp;

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Sensex can hit 77,000, Nifty 23,500 as bull-run to continue in FY25

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	Analysts remain bullish on the road ahead for the equity markets, but warn against volatility on account of domestic and global cues.<br />
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	The upcoming Lok Sabha elections back home and the interest rate trajectory of the US Federal Reserve, they said, will be the two most important factors that the markets will keep a tab on.&nbsp;<br />
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	That apart, the valuation of the Indian markets, they feel, will also be eyed in context of how global peers are performing. <a href="https://www.business-standard.com/markets/news/sensex-can-hit-77-000-nifty-23-500-as-bull-run-to-continue-in-fy25-124040100222_1.html?1711949186" target="_blank"><strong>Read more</strong></a><br />
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PNB Housing Fin soars 15% on multiple rating upgrades

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	Shares of PNB Housing Finance soared 14.5 per cent to Rs 720.4 per share on the BSE in Monday&#39;s intraday deals amid a slew of credit rating upgrades by rating agencies. At 10:08 AM, the shares were quoting 13.2 per cent higher at Rs 712.4 as against 0.68-per cent rise in the benchmark S&amp;P BSE Sensex.&nbsp;</div>
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	On March 29, CARE Ratings upgraded PNB Housing Finance&#39;s Long Term Bank Facilities, worth Rs 15,600 crore, to &#39;CARE AA+&#39; from &#39;CARE AA&#39;. The outlook was changed to &#39;Stable&#39; from &#39;Positive&#39;. <a href="https://www.business-standard.com/markets/news/pnb-housing-fin-soars-15-on-multiple-rating-upgrades-check-details-here-124040100187_1.html?1711947682" target="_blank"><strong>Read more</strong></a><br />
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		<img align="" alt="PNB Housing Finance is one of the few deposit-taking housing finance companies" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-08/17/full/1534509891-599.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 450px;" title="PNB Housing enhances convenience, launches online deposits and mobile app" /></div>
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Lok Sabha elections, repo rate cut: Factors that could sway markets in FY25

Indian Stock Market FY25 outlook: Equity markets ended the previous financial year 2023-24 (FY24) on a high note as investors lauded India&#39;s strong economic growth, steady earnings of India Inc, and range-bound inflation. <a href="https://www.business-standard.com/markets/news/lok-sabha-elections-repo-rate-cut-factors-that-could-sway-markets-in-fy25-124040100130_1.html" target="_blank"><strong>Read more</strong></a><br />
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Steel stocks gain, Bharti Airtel, Bajaj-Auto shed

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Heatmap: JSW Steel, Tata Steel, Kotak Bank lead early gains

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Opening bell: Sensex jumps  450 points to 74134

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FY24's best-performing stock has more legs to run, say analysts

Shares of BSE (formerly Bombay Stock Exchange) rallied nearly six times in 2023-24 (FY24), the most among National Stock Exchange (NSE) Nifty 500 components. Analysts at HDFC Securities see that the stock has more legs to run. <a href="https://www.business-standard.com/markets/stock-market-news/fy24-s-best-performing-stock-has-more-legs-to-run-say-analysts-124033100319_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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MPC may keep repo rate, stance unchanged at FY25's 1st meet: BS Poll

The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is expected to keep both the policy repo rate and the stance unchanged in the first policy review of 2024-25 on Friday, all the 10 respondents said in a <em><strong>Business Standard </strong></em>poll. <a href="https://www.business-standard.com/economy/news/monetary-policy-rbi-may-keep-rate-and-stance-unchanged-says-bs-poll-124033100333_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Clear skies ahead: IndiGo sets the course for strong growth altitudes

The stock of InterGlobe Aviation (IndiGo) has reached its all-time high on expectations of double-digit growth in 2024-25 (FY25), robust medium-term prospects, and lower costs, which could translate into improving yields and profits. <a href="https://www.business-standard.com/companies/news/clear-skies-ahead-indigo-sets-the-course-for-strong-growth-altitudes-124033100314_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Indigo" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-03/31/full/1711904104-2731.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 419px;" title="Indigo" /></div>
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Foreign investors flocking to Indian bonds make a splash across markets

Foreign investors have pumped roughly Rs 78,000 crore ($9.4 billion) into eligible sovereign bonds since JPMorgan Chase &amp; Co.&#39;s landmark announcement in September. <a href="https://www.business-standard.com/markets/news/foreign-investors-flocking-to-indian-bonds-make-a-splash-across-markets-124040100056_1.html?1711939123" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Bond yields slide as reports tout progress in global listing of Indian debt" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-08/27/full/1661539729-7251.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 449px;" title="Government bonds, bond yield" /></div>
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ALERT:: Gift Nifty quotes at 22,528, hints at 50-points gap-up

Stocks to Watch, April 1: Auto, Zomato, ZEE, RVNL, NHPC, Infy, Garden Reach

Zomato has received a tax demand and penalty worth Rs 23.26 crore from Karnataka tax authorities. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-april-1-auto-zomato-zee-rvnl-nhpc-infy-garden-reach-124040100053_1.html?1711937563" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="stock market, markets, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-01/29/full/1611860206-2995.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="stock market, markets, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown" width="620" /></div>

Trading strategies for Nifty, Nifty MidCap Select Indices

According to Ravi Nathani, an independent technical analyst, the 22,527 level on the upside and 22,170 on the downside are the key levels to watch out for on the Nifty 50 index. <a href="https://www.business-standard.com/markets/news/trading-strategies-for-nifty-nifty-midcap-select-indices-124040100041_1.html?1711933158" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="NSE, Stock market" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-07/20/full/1689824384-5135.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 450px;" title="NSE, Stock market" /></div>

China's manufacturing activity increases for first time in six months

China&rsquo;s manufacturing activity expanded in March for the first time since September, a sign that the world&rsquo;s second-largest economy is stabilizing. <a href="https://www.business-standard.com/world-news/china-s-manufacturing-activity-increases-for-first-time-in-six-months-124033100059_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="China" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-03/31/full/1711853071-3803.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="China" /></div>

Sensex zooms 363 pts on 1st day of FY25, Nifty tops 22,450; SmallCap index rallies 3%

Stock market highlights on Monday, April 01: Among sectors, the Nifty Media index jumped 4.7 per cent, the Nifty Metal 3.62 per cent, and the Nifty Realty 4.21 per cent

Good morning, readers!

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