Stock Market Highlights, April 3: Sensex, Nifty end flat; smallcaps extend rally; Bharti Hexa IPO subscribed 30%
Stock market Update on Wednesday, April 03: Till 3:30 PM, Bharti Hexacom IPO was subscribed 30 per cent led by retail investors
8:57 AM
Crypto exchange platform CoinSwitch's parent launches app for stock broking
The launch marks PeepalCo's expansion into stock broking. It will be operated as a separate business division with its own managing and operations teams. READ MORE
8:54 AM
World Bank lifts India's economic growth forecast for FY25 to 6.6%
The World Bank on Tuesday upgraded its FY25 economic growth forecast for the Indian economy by 20 basis points to 6.6 per cent, primarily because of “upward revisions to investment growth”. READ MORE
8:51 AM
Domestic and international air traffic cross pre-pandemic peak in FY24
The domestic and international air traffic in India for the first time crossed the pre-pandemic peak of 2018-19 in 2023-24 due to sustained increase in demand, according to aviation consultancy firm CAPA India's data released on Tuesday. READ MORE
8:48 AM
Indian markets' high valuation a sign of optimism: Sebi chairperson
The premium valuations commanded by the domestic equity markets to their global peers is a sign of trust and faith that the world has on India, said Madhabi Puri Buch, chairperson, Securities and Exchange Board of India (Sebi). READ MORE
8:45 AM
Order pick up to sustain growth momentum for engineering major L&T
Engineering major Larsen & Toubro (L&T) has seen share price volatility in the past few months due to concerns about order inflows. The domestic market has seen a deceleration in orders, partly due to election-related uncertainties and partly because of decline in orders from the domestic oil and gas industry. In addition, there were concerns about key client Saudi Aramco easing up on capex. READ MORE
8:42 AM
Customers shy away from market as gold price nears Rs 70,000 milestone
Even as the price of pure gold nears Rs 70,000 per 10 gram, customers have already disappeared from the market. In just a single month, the price in Mumbai’s Zaveri Bazaar has risen by nearly 10 per cent, trading at around Rs 68,500 per 10 gram. The Mumbai spot market has slipped into a heavy discount of $15–20 per ounce, or Rs 400–550 per 10 gram, since prices have risen sharply in a month. READ MORE
8:39 AM
Results preview: IT firms may report muted Q4 growth, eyes on FY25 guidance
January-March quarter, is considered to be a soft quarter, and will continue to see the headwinds that the sector has been facing. And the sector will enter the new financial year on a weak footing. READ MORE
8:35 AM
NSE halves lot size for trading derivatives contracts for Nifty50 index
The National Stock Exchange (NSE) on Tuesday said it has halved the lot size for trading derivatives contracts for the blue-chip Nifty 50 index to 25 and also reduced the lot sizes of the Nifty Financial Services and Nifty Midcap indices as part of its periodic revision. READ MORE
8:32 AM
ALERT:: Gift Nifty hints at over 100 pts gap-down
8:29 AM
Asian Market Update:: A sea of red; Nikkei, Kospi down over 1%
8:26 AM
ALERT:: Bitcoin trades at $66,300 levels as against a high of $74,400 in March
8:23 AM
World Bank set to issue up to $1 billion in debut hybrid note this year
The World Bank is looking to issue up to $1 billion in a debut hybrid note on capital markets this year, a senior executive told Reuters, as development banks face increasing pressure to find new ways to boost their lending. READ MORE
8:20 AM
US regulators probe role of asset managers BlackRock, Vanguard in banks
The move could add to a host of troubles for asset managers, which have often been criticized for exerting undue influence on the management of their portfolio companies. READ MORE
8:17 AM
Consumer sentiment of urban Indians dips to a 4-month low, shows data
The index tracking consumer sentiments in urban areas reached a four-month low during the month. The decline follows a surge in 2023 that saw the urban index hit its highest level in 46 months in December 2023, reaching 101.83. The momentum has since waned, with the index declining for three consecutive months. READ MORE
8:14 AM
Govt bond yield surges to two-month high tracking rise in US yield
Market participants said that the 7.12 per cent yield on the benchmark bond faces technical resistance and it might sustain as long as US yields do not surge further. READ MORE
Topics : Stock Market MARKET LIVE MARKET WRAP Markets stock market trading Markets Sensex Nifty Midcap smallcap stocks Market trends S&P BSE Sensex Nifty 50 RBI monetary policy
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Apr 03 2024 | 7:43 AM IST