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

Closing Bell on April 1, 2024: 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.

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).

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.

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.

3:42 PM

Currency check :: Rupee ends 3 paise weaker at 83.4/$

3:41 PM

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

3:40 PM

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

3:38 PM

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

3:37 PM

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

3:36 PM

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

3:30 PM

ALERT :: BEL achieves record turnover of Rs 19,700 crore in FY24

>> Click here for details

3:23 PM

Indian term insurance is being favoured by NRIs. Here is why

While various factors contribute to this growing interest, affordability and convenience emerge as the primary drivers. Policybazaar has witnessed a remarkable 130% year-on-year growth in demand among NRIs aged 18-60, with India becoming the preferred choice for those residing in countries like the US, UK, Canada, UAE, and Singapore READ MORE

3:09 PM

Global check:: US stock futures up 0.5%; UK mixed

Source: Investing.com

2:59 PM

RBI has transitioned into being enabler for market economy: Shaktikanta Das

Shaktikanta Das stated that the RBI has evolved from a central bank focused on resource allocation during the planning era to an enabler for the market economy. READ MORE

2:49 PM

ALERT:: Coal India March production rises 6%; stock up 2%

Coal India in an exchange filing today reported 6.1 per cent growth in March production at 88.6 MT v/s 83.5 MT.

2:37 PM

ALERT:: Tata Motors local sales grew 2% in March; stock flat, down 2% from day's high

chart

2:28 PM

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&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. READ MORE

2:16 PM

Marginal cut in jet fuel price, commercial LPG rate reduced by Rs 30.5

Jet fuel or ATF price on Monday was cut by a marginal 0.5 per cent while rates of commercial LPG used by establishments such as hotels and restaurants were slashed by Rs 31 per cylinder in line with international prices. READ MORE