Stock Market Today

Date: 13 May 2024 Stock Market Highlights

The stock market today demonstrated a complete turnaround from their day's lows, ending the session in positive territory after both indices experienced a nearly one percent decline during morning trade.

• Sensex recorded an upside of 111.66 points or 0.15%, closing at 72776.13.
• Nifty concluded the day at 22104.05, increasing by 48.85 points or 0.22%.
• Bank Nifty ended the day with a surge of 333 points or 0.70% at 47,754.10

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

52 Week Low Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Leading the sectoral gainers, Nifty Pharma surged by 1.8%, followed closely by Nifty Metal and Realty, both showing a rise of 1.3%.
• Nifty Bank recorded a modest increase of 0.7%, while Nifty IT saw a slight gain of 0.4%.
• Nifty Auto experienced a notable decline of 1.68%, with Nifty PSU Bank and Oil & Gas following suit, dropping by 1.2% and 0.8%, respectively.

Market Update

• Biocon has inked a distribution agreement with Medix for Liraglutide in Mexico.
• Va Tech Wabag has secured a $49 million order from Kathmandu Upatyaka Khanepani.
• The board of GM Breweries is set to consider the allotment of bonus shares on May 27.
• Bharti Airtel and Google Cloud have entered into a long-term collaboration.
• Shyam Metalics has initiated production capacity at its Kharagpur plant.
• Sarveshwar Foods has been awarded a contract from Mata Vashino Devi.
• Praveg has obtained a 30-year land lease in Jawai, Rajasthan, for a resort.
• Goldiam Intl has won a Rs 30 crore order for manufacturing lab-grown diamonds.
• Cera Sanitaryware has approved a dividend of Rs 60 per share for FY24.
• Landmark Cars is set to inaugurate a Mercedes Benz sales outlet in Bhopal.
• TVS Motor has introduced new variants to its TVS Iqube portfolio.
• Indegene made its debut on the stock exchanges at Rs 655, reflecting a premium of 44.9%. However, the stock declined throughout the day and closed its session at Rs 570.

Q4 Result Update

Upcoming Result on 14th May 2024

• Archean Chemical Industries
• Andhra Cements
• Adroit Infotech
• Abans Holdings
• AIA Engineering
• ANDHRA PAPER
• Anmol India
• Apar Industries
• Apollo Tyres
• Aurionpro Solutions
• Bajaj Electricals
• Balu Forge Industries
• BASF India
• Bharti Airtel
• Bharti Hexacom
• BLS International Services
• Butterfly Gandhimathi Appliances
• Colgate Palmolive (India)
• Dalmia Bharat Sugar and Industries
• Devyani International
• Dynamic Cables
• Edelweiss Financial Services
• Emmbi Industries
• Ganesh Housing Corporation
• GTL Infrastructure
• HP Adhesives
• Ideaforge Technology
• Ind-Swift
• IOL Chemicals and Pharmaceuticals
• Intrasoft Technologies
• Nandani Creation
• Jubilant Ingrevia
• KDDL
• Kirloskar Brothers
• Magadh Sugar & Energy
• Man Infraconstruction
• Matrimony.Com
• MIRC Electronics
• Mukka Proteins
• Nilkamal
• Oberoi Realty
• OnMobile Global
• Patanjali Foods
• PDS
• The Peria Karamalai Tea & Produce Company
• Platinum Industries
• PTL Enterprises
• PVR INOX
• Radico Khaitan
• Ram Ratna Wires
• RBZ Jewellers
• Repco Home Finance
• Safari Industries (India)
• Sagar Cements
• SecMark Consultancy
• Shanti Overseas (India)
• SHREE CEMENT
• Shyam Metalics and Energy
• Siemens
• Speciality Restaurants
• Surya Roshni
• Themis Medicare
• Thyrocare Technologies
• Tamilnadu PetroProducts
• Valiant Laboratories
• V-Mart Retail
• Zydus Wellness

Q4 Results Declared

• Varun Beverages recorded a net profit of Rs 537 crore in Q1, marking a 25% year-on-year increase.
• Karur Vysya Bank reported a net profit of Rs 465 crore in Q4, reflecting a 25% year-on-year rise.
• Advanced Enzyme witnessed a 7% decline in its consolidated net profit to Rs 29.90 crore in Q4 compared to Rs 32 crore reported in the year-ago period.
• UPL's net profit in Q4 stood at Rs 40 crore, marking a significant 95% year-on-year decrease, with revenue at Rs 14,080 crore, down 15% year-on-year.
• Aditya Birla Capital reported a net profit of Rs 1250 crore compared to Rs 609 crore in the previous year.
• Zomato's net profit for Q4 was Rs 175 crore, a substantial improvement from the loss of Rs 188 crore reported in the previous year, with revenue at Rs 3560 crore compared to Rs 2056 crore in the previous year.
• CE Info Systems witnessed a 36% year-on-year increase in net profit to Rs 38 crore in Q4, with revenue rising by 48% to Rs 107 crore.
• MapmyIndia posted a 35% rise in net profit to Rs 38 crore in Q4.
• Eicher Motors saw a PAT increase of 18% year-on-year to Rs 1,070.45 crore in Q4.
• ABB India's net profit surged by 87% to Rs 460 crore in Q1.

Date: 10 May 2024 Stock Market Highlights

The stock market today rebounded after a recent decline, with investors seeking bargains. Despite overall positivity, concerns arise over high domestic valuations and election apprehensions, potentially triggering sell-offs amid lower voter turnout.

• Sensex recorded a decline of 1062.22 points or 1.45%, closing at 72404.17.
• Nifty concluded the day at 21957.50, decreasing by 345 points or 1.55%.
• Bank Nifty ended the day with a loss of 533.20 points or 1.11% at 47,487.90.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

52 Week Low Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Nifty Metal led the gains, rising by 1.5%, followed by FMCG, Auto, and Pharma, each with a 1% increase.
• However, Nifty IT experienced losses, declining by 0.8%.
• Nifty Realty and Nifty PSU Bank both saw a decrease of 0.4% and 0.3%, respectively.

Market Update

• BPCL's board has declared bonus shares in a 1:1 ratio.
• Strides Pharma has received approval from both US FDA and FDA for its Hypocalcemia drug Sevelamer Carbonate Tablets.
• Indian Coast Guard and Hindalco have signed a pact for the supply of marine-grade aluminium for ships.
• Rail Vikas Nigam has emerged as the lowest bidder for an order worth Rs 38.10 crore.
• TVS Holdings is set to acquire 80.74% of Home Credit India Finance for Rs 554 crore.
• Cipla has announced a dividend of Rs 13 per share.
• Aurobindo Pharma has completed the FDA inspection at unit VII of Apitoria.
• Knowledge Marine has won an order worth Rs 73.14 crore from Inland Waterways.
• The IPOs of Aadhar Housing Finance and TBO Tek subscribed 26.76 times and 86.50 times, respectively on the final of the bidding.

Q4 Result Update

Upcoming Result on 11th May 2024

• 3P Land Holdings
• Advanced Enzyme Technologies
• APL Apollo Tubes
• Banswara Syntex
• CCL Products (India)
• Control Print
• DJ Mediaprint & Logistics
• D-Link (India)
• Dolphin Offshore Enterprises (India)
• Hi-Tech Pipes
• India Tourism Development Corporation
• Jaiprakash Associates
• Krishana Phoschem
• Madhya Bharat Agro Products
• Meghmani Organics
• Sheetal Cool Products
• Siyaram Silk Mills
• Savita Oil Technologies
• TVS Srichakra
• Vaswani Industries
• Vishwaraj Sugar Industries

Upcoming Result on 12th May 2024

• Equippp Social Impact Technologies
• JK Cement
• Manorama Industries

Upcoming Result on 13th May 2024

• Aarti Pharmalabs
• Aarvi Encon
• Aditya Birla Capital
• Albert David
• Alembic
• Avadh Sugar & Energy
• Balkrishna Paper Mills
• Bombay Burmah Trading Corporation
• BLS E-Services
• Bombay Super Hybrid Seeds
• Cera Sanitaryware
• Chalet Hotels
• DLF
• Electrosteel Castings
• Ethos
• GIC Housing Finance
• Gillanders Arbuthnot & Company
• Ind-Swift Laboratories
• INOX India
• Iris Clothings
• Jay Bharat Maruti
• JBF Industries
• Jindal Steel & Power
• Karur Vysya Bank
• Manali Petrochemicals
• C.E. Info Systems
• Marshall Machines
• Mask Investments
• Nelcast
• Sanofi India
• Shriram Pistons & Rings
• SMC Global Securities
• Shree Vasu Logistics
• Tube Investments of India
• UPL
• Varun Beverages
• Yasho Industries
• Zim Laboratories Zomato

Q4 Results Declared

• Suryoday Small Finance Bank reported a net profit of Rs61 crore in Q4, marking a 56% increase YoY.
• Polycab recorded a Q4 net profit of Rs 546 crore, reflecting a 28% rise YoY, with revenue reaching Rs 5590 crore, up by 29% YoY.
• Venkys observed a 33% YoY increase in Q4 net profit, although revenue decreased by 14.2% to Rs 895.9 crore.
• NCL India achieved a Q4 net profit of Rs 24 crore, while revenue rose by 13.8% to Rs 495 crore.
• Lal Pathlabs reported a Q4 net profit of Rs 84.50 crore, up by 49% YoY, with revenue reaching Rs 545 crore, up by 11% YoY.
• Sapphire Foods India's Q4 net profit surged by 49% to Rs 84.5 crore, with revenue increasing by 11% to Rs 545.5 crore.
• GE Shipping witnessed a Q4 net profit increase of 25.3% to Rs 905 crore YoY, with revenue up by 2.8% to Rs 1,497.3 crore.
• Cipla reported a Q4 net profit of Rs 939 crore, a significant rise of 79% YoY, with revenue at Rs 6160 crore, up by 7.3% YoY.
• Bank of Baroda's Q4 net profit reached Rs 4890 crore, showing a 2.3% increase YoY.
• Tata Motors reported a Q4 net profit of Rs 17407 crore, significantly higher than Rs 5410 crore YoY.
• Bajaj Hindustan's Q4 net profit declined by 31% YoY to Rs 90.56 crore.
• CAMS observed a 39% YoY increase in consolidated PAT in Q4, reaching Rs 103 crore.
• Relaxo Footwears reported a 3% YoY decrease in Q4 net profit to Rs 61 crore.

Date: 9 May 2024 Stock Market Highlights

The stock market today experienced a significant setback as the NSE Nifty 50 fell below 22,000 and the BSE Sensex plummeted by over 1,000 points. This marked a one-percent intraday decline for both indices and marked the fifth consecutive day of losses.

• Sensex recorded a decline of 1062.22 points or 1.45%, closing at 72404.17.
• Nifty concluded the day at 21957.50, decreasing by 345 points or 1.55%.
• Bank Nifty ended the day with a loss of 533.20 points or 1.11% at 47,487.90.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

52 Week Low Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• With the exception of Nifty Auto, all sectors experienced declines.
• Nifty Oil & Gas emerged as the top loser, plummeting by 3.2%.
• Following closely, Nifty Metal and FMCG indices recorded drops of 2.9% and 2.5%, respectively.
• Nifty Pharma and Realty indices both experienced a 2% decline.

Market Update

• Piramal Enterprises is set to merge with its private housing finance subsidiary Piramal Capital, with the merged entity to be named Piramal Finance.
• Alembic Pharma has received approvals from the USFDA for drugs treating anxiety and acne, along with tentative nods for drugs targeting hypertension and melanoma.
• DLF has successfully sold luxury residential units worth Rs 5,590 crore within just three days under the project named 'DLF Privana West.'
• BSE is acquiring S&P's stake in Asia Index, which will enhance its financial market operations.
• Droneacharya Aerial Innovations has partnered with Cdspace Robotics for the resale of drones.
• Infosys has entered into collaborations with AEEE and IIHS to work on decarbonization initiatives.
• Happiest Minds is set to acquire the complete stake in US-based Aureus Tech Systems LLC.
• EMS has been declared the lowest bidder for a project worth Rs 148 crore from Urja Bhawan in Dehradun.
• Zydus Life has obtained FDA approval for Dapsone Gel.
• Indian Hotels is expanding its partnership with CG Hospitality, aiming to open 25 hotels by 2025.
• Paytm has partnered with Euronet after losing its bill payment license.
• RBI has permitted Bank of Baroda to onboard customers through the BoB World app.
• HPCL has announced a dividend of Rs 16.50 per share.
• The IPOs of Aadhar Housing Finance and TBO Tek subscribed 1.55 times and 4.15 times, respectively on Day 2 of the bidding.

Q4 Result Update

Upcoming Result on 10th May 2024

• Aarti Industries
• Ami Organics
• Artemis Medicare Services
• Bajaj Hindusthan Sugar
• Bank of Baroda
• Bank of India
• Birla Cable
• Cholamandalam Financial Holdings
• Cipla
• Dilip Buildcon
• Eicher Motors
• Excel Realty N Infra
• Fine Organic Industries
• Finolex Industries
• The Great Eastern Shipping Company
• Hester Biosciences
• Indo Thai Securities
• Inspirisys Solutions
• ISMT
• Jupiter Life Line Hospitals
• JTL INDUSTRIES
• Kalyan Jewellers India
• Kalyan Jewellers India
• Kalyani Steels
• Dr. Lal Path Labs Ltd.
• Manaksia Coated Metals & Industries
• Menon Bearings
• NCL Industries
• Neuland Laboratories
• Nuvama Wealth Management
• Polycab India
• Piramal Pharma
• Punjab & Sind Bank
• Rajnandini Metal
• Repro India
• Sangam (India)
• Sapphire Foods India
• Sarla Performance Fibers
• Sharda Cropchem
• Shreyans Industries
• Shyam Telecom
• SIL Investments
• Spencer's Retail
• Stel Holdings
• Sterling Tools
• Subex
• Sundaram Clayton
• Syrma SGS Technology
• Tata Motors
• TATAMTRDVR
• TCI Express
• The Investment Trust Of India
• Thermax
• Tirupati Forge
• Union Bank of India
• Venky's (India)
• VIP Industries

Q4 Results Declared

• SKF India's net profit soared by 42.54% to reach Rs 175.23 crore in Q4 2024, marking a significant increase from Rs 122.93 crore in Q4 2023.
• Sula Vineyards, one of India's leading winemakers, experienced a 4.2% decline in Q4 profit, falling to Rs 13.6 crore from Rs 14.2 crore the previous year.
• Alkyl Amines witnessed a 20.8% slip in Q4 net profit, recording Rs 38.5 crore compared to Rs 48.6 crore in the previous year.
• Asian Paints reported a Q4 net profit of Rs 1,275 crore, marking a 2.2% increase year-on-year, with revenue at Rs 8,730 crore, down 0.7% year-on-year.
• SBI recorded a Q4 net profit of Rs 20,698.3 crore, up 24% year-on-year.
• HPCL reported a Q4 net profit of Rs 2,840 crore, marking a 12% decrease year-on-year, with revenue at Rs 1.21 trillion, up 6% year-on-year.
• PNB reported a Q4 net profit of Rs 3,010.3 crore, compared to Rs 1,160 crore in the previous year.
• Alembic Pharma recorded a Q4 net profit of Rs 178 crore, marking a 16% increase year-on-year, with revenue at Rs 1,520 crore, up 8% year-on-year.
• Indian Overseas Bank reported a Q4 net profit of Rs 1,960 crore, up 24% year-on-year.
• Ajmera Realty saw a Q4 net profit of Rs 29.50 crore, marking a 99% increase year-on-year, with revenue at Rs 231.8 crore compared to Rs 114.2 crore in the previous year.
• Escorts Kubota recorded a Q4 net profit of Rs 242 crore, up 31% year-on-year, with revenue at Rs 2,082.5 crore, down 4.6%.

Date: 8 May 2024 Stock Market Highlights

The stock market today in India ended the day without any change, reflecting market uncertainty amidst election result anticipation and lacklustre corporate earnings.

• Sensex closed flat, declining by 45 points at 73,466.36.
• Nifty closed at 22302.50, remaining unchanged from its previous close.
• Bank Nifty concluded the day with a loss of 264.25 points or 0.55% at 48,021.10.

Top Gainers of Nifty 50

Top Losers of Nifty 50

Roundup of Stock Market Today

Sector Update

• Nifty Oil & Gas emerged as the top gainer, surging by 1.7%.
• Following closely behind were Nifty Metal and Auto, both recording gains of 1.48%.
• Nifty Private Bank experienced the most significant decline, dropping by 0.8%.
• The BSE Smallcap index rose by 0.5%, while the BSE Midcap index edged up by 0.8%.

Market Update

• Shiprocket, backed by Zomato, aims to advance further within the e-commerce value chain.
• Paytm witnesses a decline in UPI transactions for the third consecutive month, with its market share reducing to 8.4% in April from 10.8% in February and 9.13% in March.
• The Indian Coast Guard and JSPL sign a memorandum of understanding (MoU) for the supply of indigenous marine-grade steel.
• Delta Corp announces a strategic partnership with AA Group and Peninsula Land.
• South Indian Bank enters into an agreement with Northern ARC Capital.
• Cipla receives one inspectional observation in form 483 during an FDA routine GMP inspection at its Maharashtra unit.
• Welspun Corp eyes the monetization of ABG Shipyard's land parcel.
• Swan Energy collaborates with Telecom Consultants for system integration and smart city solutions.
• Infosys plans to accelerate Yunex traffic's ERP.
• Hero Moto Corp declares a dividend of Rs 40 per share.
• Piramal Enterprises' Board recommends a final dividend of Rs 10 per share.
• Bajaj Consumer Care approved share buyback at Rs 290 per share.
• The IPOs of Aadhar Housing Finance and TBO Tek subscribed 0.46 times and 1.16 times, respectively on Day 1 of the bidding.
• Indegee IPO has been subscribed 70.24 times on the final day of the bidding.

Q4 Result Update

Upcoming Result on 9th May 2024

• ADF Foods
• Ajmera Realty & Infra India
• Alkyl Amines Chemicals
• Alps Industries
• Alembic Pharmaceuticals
• Asian Paints
• Bharat Petroleum Corporation
• Computer Age Management Services
• Capital Small Finance Bank
• CARE Ratings
• DIC India
• Escorts Kubota
• Gopal Snacks
• Heads UP Ventures
• Hikal
• Hindustan Petroleum Corporation
• Intellect Design Arena
• Jash Engineering
• Kapston Services
• Maral Overseas
• Medico Remedies
• Mahanagar Gas
• Moksh Ornaments
• Navneet Education
• Nila Spaces
• Nitin Spinners
• Nexus Select Trust
• Oil Country Tubular
• Orient Electric
• Par Drugs and Chemicals
• PIL ITALICA LIFESTYLE
• Punjab National Bank
• Quess Corp
• Rain Industries
• Relaxo Footwears
• Rane (Madras)
• Rushil Decor
• Sat Industries
• State Bank of India
• Shanthi Gears
• Share India Securities
• Shemaroo Entertainment
• Smartlink Holdings
• Suryoday Small Finance Bank
• Sutlej Textiles and Industries
• Timken India
• TVS Electronics
• TVS Holdings
• Vakrangee
• Venus Pipes & Tubes
• Vertoz Advertising
• V.S.T Tillers Tractors
• Vardhman Textiles

Q4 Results Declared

• Pidilite recorded a 6.4% year-on-year increase in net profit for Q4FY24, reaching Rs 304.3 crore, while revenue from operations rose by 7.9% year-on-year to Rs 2,901.9 crore.
• Bharat Forge reported a 59.3% year-on-year increase in net profit for Q4, totalling Rs 389.6 crore compared to Rs 244.5 crore in the previous year, with revenue up by 17%.
• Sterlite Tech incurred a net loss of Rs 82 crore in Q4 compared to a profit of Rs 65 crore in the same period last year.
• Jupiter Wagons witnessed a significant surge in net profit by 156% year-on-year in Q4.
• Canara Bank's net profit for Q4 stood at Rs 3,757.2 crore, marking a 19% year-on-year increase.
• Balaji Amines recorded a 43.5% year-on-year increase in net profit for Q4, amounting to Rs 68 crore compared to Rs 47.4 crore in the previous year, with revenue up by 12.2% to Rs 413.9 crore.
• Hero MotoCorp reported a net profit of Rs 1020 crore in Q4, up by 19% year-on-year, with revenue reaching Rs 9520 crore, up by 15% year-on-year.
• Westlife Food's net profit for Q4 declined by 96.5% to Rs 0.7 crore compared to Rs 20 crore in the previous year, while revenue increased by 1.1% to Rs 562.3 crore.
• United Breweries posted a five-fold jump in net profit for Q4, reaching Rs 80.15 crore.
• Dr. Reddy's reported a 36% increase in net profit for Q4, amounting to Rs 1,307 crore.
• Piramal Enterprises achieved a net profit of Rs 137.1 crore in Q4 compared to a loss of Rs 195.9 crore in the previous year, with revenue up by 16% to Rs 2,473.3 crore.
• L&T reported a 10% increase in net profit for Q4, reaching Rs 4,396 crore, with revenue up by 15%.
• Tata Power's net profit rose by 11% in Q4 to Rs 1,045 crore.

Date: 7 May 2024 Stock Market Highlights

The stock market today concluded the session in negative territory as selling pressure persisted across various sectors. The downturn was attributed to lacklustre Q4 earnings, which dented market confidence despite the indices hovering near record highs.

• Sensex ended the day down by 383.69 points or 0.52% to reach 73,511.85.
• Nifty 50 witnessed a decline of 140.20 points or 0.62%, closing at 22,302.50.
• Bank Nifty concluded the day with a loss of 609.95 points or 1.25% at 48,895.30.

Top Gainers of Nifty 50

Top Losers of Nifty 50

Roundup of Stock Market Today

Sector Update

• Among the top gainers in sectors, the Nifty FMCG Index surged by 2%, while the Nifty IT index rose by 0.77%.
• On the downside, the Nifty realty index and metals index experienced declines of 3.5% and 2.4% respectively.
• Other sectors that witnessed losses were the Nifty PSU Bank Index (down 2.3%), Nifty Healthcare (down 2%), and Nifty Auto (down 1.8%).

Market Update

• Redington's subsidiary, Arena Bilgisayar, has sold its entire stake in Paynet to Iyzi Payment for $92 million.
• Gland Pharma has received FDA approval for plerixafor for injection and sclerosis drug Edaravone injection.
• Hindustan Zinc has approved an interim dividend of Rs 10 per share for FY25.
• IRB Infra has collected toll of Rs 503 crore in April, marking a 29% year-on-year increase.
• Persistent Systems has launched AI-powered data solutions, named iAURA.
• Tata Communications has introduced CloudLyte, an Automated Edge Computing Platform.
• Shyam Metalics has commenced operations at its Ramsarup plant.
• Jindal Stainless has supplied special alloy steel sheets for DRDO's SMART system for the Navy.
• Balmer Lawrie's board will convene on May 28 to discuss matters regarding bonus and buyback.
• 360 One Wam has received government approval to conduct Aadhaar-based authentication of client KYC.
• VA TECH WABAG has secured a repeat order worth €34 million from ONAS for a 36 MLD Wastewater Treatment Plant in Sousse Hamdoun II, Tunisia.
• Bajaj Consumer Care's board will consider the buyback of shares tomorrow.
• The IPOs of Aadhar Housing Finance and TBO Tek will open for subscription from May 8, 2024.
• Indegee IPO has been subscribed 7.40 times on the second day of the bidding.

Q4 Result Update

Upcoming Result on 8th May 2024

• Bajaj Consumer Care
• Balaji Amines
• Bharat Forge
• BSE
• Canara Bank
• Capri Global Capital
• CL Educate
• Datamatics Global Services
• ESAF Small Finance Bank
• Godrej Agrovet
• Greaves Cotton
• Gujarat State Petronet
• Hero MotoCorp
• H.G. Infra Engineering
• Home First Finance Company India
• HT Media
• India Shelter Finance Corporation
• J.G.Chemicals
• Kirloskar Oil Engines
• Kalpataru Projects International
• Larsen & Toubro
• Nath Bio-Genes (India)
• Patel Integrated Logistics
• Piramal Enterprises
• Shrem Invit
• SKF India
• Sterlite Technologies
• Sula Vineyards
• Tata Power Company
• TCI Finance
• TVS Motor Company
• Vijaya Diagnostic Centre
• Wealth First Portfolio Managers
• Westlife Foodworld

Q4 Results Declared

• Happiest Minds recorded a fourth-quarter net profit of Rs 71.98 crore, marking a 25% year-on-year increase.
• IDFC's fourth-quarter net profit stood at Rs 348 crore, witnessing a significant 90% year-on-year decrease, with revenue declining by 81% year-on-year to Rs 9.77 crore.
• Graphite India reported a 45% year-on-year decrease in fourth-quarter net profit to Rs 16 crore, compared to Rs 29 crore in the previous year, with revenue declining by 12% year-on-year to Rs 720 crore.
• Century Textiles' fourth-quarter revenue surged 71% year-on-year to Rs 1,686 crore, up from Rs 982 crore in the previous year.
• Kajaria Ceramics recorded a fourth-quarter net profit of Rs 102 crore, marking a 5.6% year-on-year decrease, while revenue saw a 3.3% year-on-year increase.
• Fusion MicroFinance reported a 16% year-on-year increase in net profit to Rs 133 crore for the fourth quarter.
• Lupin's fourth-quarter profit surged 52% year-on-year to Rs 368 crore, with revenue increasing by 12%.
• Allsec Technologies saw a 71% year-on-year increase in net profit to ₹20.7 crore for the fourth quarter, with revenue growing by 20.1% year-on-year to ₹129.7 crore.
• Hindustan Media reported an 11% decline in fourth-quarter profit, while revenue remained nearly flat at Rs 188 crore.
• SRF's fourth-quarter net profit decreased by 25% year-on-year to Rs 422 crore, with revenue falling by 6% year-on-year to Rs 3570 crore.

Date: 6 May 2024 Stock Market Highlights

India's benchmark Sensex and Nifty opened nearly 0.5 percent higher but ended the session flat due to selling pressure observed in PSU stocks.

• Sensex edged up by 17.39 points or 0.02%, closing at 73,895.54.
• Nifty dipped by 33.15 points or 0.15%, settling at 22,442.70.
• Bank Nifty concluded the day with a loss of 28.25 points or 0.06% at 48,895.30.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• The Nifty Realty index surged by 2.76 percent.
• The Nifty PSU Bank index declined by 3.66 percent.
• Consumer durables and oil & gas sectors experienced losses of 2.55 percent and 1.75 percent, respectively.

Market Update

• After a deal, Bayer Zydus Pharma ceases to be a joint venture for Zydus Life.
• Netweb is currently in discussions with the government regarding an AI sovereign cloud.
• EaseMyTrip expands its presence by opening a new franchise store in Amritsar, Punjab.
• Caplin Point Laboratories receives approval from Colombia for its Softgel capsules.
• Dhabriya Polywood's unit secures a work order from DLF and the Adani Group.
• HCL Technologies and AWS enter into a partnership for GENAI digital transformation.
• DLF anticipates sales value exceeding Rs 5,000 crore from the Privana West project in Gurugram.
• Indian Bank declares a dividend of 12 rupees per share.
• Shapoorji Pallonji Group secures a $1.2 billion loan from Power Finance Corporation.
• JBM Auto aims for revenue of Rs 3,000 crore from its EV business in FY25.
• RITES wins safety orders for Vande Bharat trains.
• Aurobindo Pharma receives NCLT approval to merge two subsidiaries with the company.
• Coromandel International invests an additional Rs 24 crore in Ecozen, increasing its stake to 5.54%.
• Wipro collaborates with Microsoft to introduce GenAI-powered assistants tailored for the financial services sector.
• Indegee IPO subscribed 1.69 times on the first day of the bidding.

Q4 Result Update

Upcoming Result on 7th May 2024

• Bigbloc Construction
• Century Textiles & Industries
• Chambal Fertilizers & Chemicals
• Creditaccess Grameen
• Delta Corp
• Dr. Reddy's Laboratories
• Graphite India
• HIL
• Hindustan Media Ventures
• IDFC
• Indraprastha Gas
• InfoBeans Technologies
• IRB Infrastructure Developers
• Jindal Saw
• JSW Energy
• Jupiter Wagons
• Kajaria Ceramics
• Kamat Hotels (I)
• Kamdhenu Ventures
• KEC International
• Latent View Analytics
• Max Financial Services
• Navin Fluorine International
• Orient Bell
• Pidilite Industries
• PB Fintech
• Rane Engine Valve
• Sasken Technologies
• Sonata Software
• Shekhawati Poly-Yarn
• SRF
• Suraj Estate Developers
• Voltas

Q4 Results Declared

• Arvind's net profit for Q4 increased by 2% to Rs 99 crore compared to Rs 97 crore in the previous year, with revenue rising by 10%.
• CarTrade Tech's Q4 net profit surged by 50% year-on-year to Rs 22 crore.
• Britannia reported a consolidated net profit of Rs 536.61 crore for the March quarter, marking a 3.76% decline from the previous year.
• Indian Bank's Q4 net profit stood at Rs 2250 crore, up 55% year-on-year.
• CG Power's Q4 net profit declined by 45.1% to Rs 234 crore compared to Rs 426 crore in the previous year, while revenue increased by 15.2% to Rs 2,192 crore.
• Zen Technologies saw its consolidated net profit jump by 72.97% year-on-year to Rs 34.94 crore, with net sales rising by 47.47% to Rs 141.39 crore in the quarter under review.
• Anup Engineering's net profit for Q4 surged by 47% to Rs 28.6 crore, while revenue increased year-on-year to Rs 157 crore, supported by a strong order backlog which also rose by 62%.
• Marico recorded a Q4 net profit of Rs 318 crore, up by 5.3% year-on-year, with revenue reaching Rs 2280 crore, up by 1.8% year-on-year.

Date: 3 May 2024 Stock Market Highlights

During another session marked by volatility, the stock market today relinquished their initial gains and concluded lower, with the Nifty closing below 22,500. This decline was driven by selling pressure observed in heavyweights and stocks across various sectors, except for the metal sector.

• The Sensex closed lower by 732.96 points or 0.98% at 73,878.15.
• The Nifty ended the session down by 172.40 points or 0.76% at 22,475.80.
• Bank Nifty concluded the day with a loss of 307.50 points or 0.62% at 48,923.55.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

52 Week Low Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Except for the metal sector, all other sectoral indices closed in negative territory.
• Capital goods, realty, telecom, and PSU Bank indices each declined by 1 percent.
• Oil & gas, auto, Information Technology, and media sectors saw losses of 0.5 percent each.
• The BSE midcap index dropped by 0.2 percent.
• Similarly, the smallcap index experienced a decline of 0.5 percent.

Market Update

• Coforge is set to acquire a 54% stake in Cigniti Technologies at Rs 1,415 per share.
• Bayer has completed the acquisition of the remaining 25% stake in Bayer Zydus Pharma.
• The board of Suzlon Energy has approved a scheme of amalgamation with its subsidiary, Suzlon Global Services Limited, merging it with Suzlon Energy Limited.
• Bajaj Auto has introduced the new Bajaj Pulsar NS400, featuring an all-new 400cc engine.
• Shriram Properties has acquired a 4-acre land parcel near Electronic City, Bengaluru.
• Godfrey Phillips has entered into an agreement with Ferrero India Pvt. Ltd for the distribution and resale of select sweet-packaged food products manufactured by Ferrero through specific channels.
• Wipro will be implementing Independent Health's Medicare Prescription Payment Plan platform.
• KPI Green Energy will consider a stock split on Thursday, May 23, 2024.
• The board of MRF has declared a final dividend of Rs 194 per share.
• Indegee IPO will open for subscription starting Monday, May 6, 2024.

Q4 Result Update

Upcoming Result on 6th May 2024

• Aeroflex Industries
• Allsec Technologies
• Apcotex Industries
• Arvind
• Arvind SmartSpaces
• Automotive Stampings and Assemblies
• Bombay Dyeing & Mfg Company
• Cartrade Tech
• CG Power and Industrial Solutions
• Choice International
• DCM Shriram
• Gujarat Fluorochemicals
• Fusion Micro Finance
• GHCL
• GHCL Textiles
• Godrej Consumer Products
• Grindwell Norton
• Gujarat Gas
• Happiest Minds Technologies
• Indian Bank
• Kamdhenu
• Lupin
• Marico
• Muthoot Microfin
• Orbit Exports
• Prudent Corporate Advisory Services
• Punjab Chemicals & Crop Protection
• ROUTE MOBILE
• Selan Exploration Technology
• Styrenix Performance Materials
• Suven Life Sciences
• Uttam Sugar Mills

Q4 Results Declared

• Coal India's fourth-quarter net profit surged by 26% to reach Rs 8,640.5 crore.
• Ajanta Pharma's consolidated net profit for the quarter ending March FY24 stood at Rs 203 crore, marking a significant increase of 66% compared to the same period last fiscal.
• Voltamp Transformers recorded a net profit of Rs 93.5 crore for the March FY24 quarter, marking a growth of 22.1%.
• Godrej Properties witnessed a 14.3% rise in net profit to Rs 471 crore in the fourth quarter, compared to Rs 412 crore in the previous year. Additionally, revenue increased by 13.4% to Rs 1,426.1 crore.
• MRF's fourth-quarter net profit declined by 7.6% to Rs 379.6 crore compared to Rs 410.7 crore in the previous year. However, EBITDA increased by 5% to Rs 885.7 crore.
• Rane Brake's net profit for the fourth quarter rose by 28% to Rs 15.4 crore, while revenue increased by 12.8% to Rs 186.2 crore.
• Raymond reported an 18% increase in net profit for the fourth quarter, reaching Rs 229 crore compared to Rs 194 crore in the previous year.
• Firstsource Solutions witnessed a 5.5% decrease in PAT to Rs 133 crore in Q4FY24, while total income rose by 6% to Rs 1,673 crore.
• Go Fashion's fourth-quarter net profit decreased by 13.3% to Rs 13 crore, although revenue increased by 16.7% to Rs 182 crore compared to the previous year.
• Adani Green Energy reported a fourth-quarter consolidated net profit after tax of Rs 310 crore, down from Rs 507 crore in the year-ago period, with revenue at Rs 2,810 crore.
• HFCL saw a 53.2% jump in net profit in Q4 to Rs 110 crore compared to Rs 71.8 crore in the previous year.
• JSW Infrastructure's fourth-quarter net profit increased by 10% to Rs 330 crore compared to Rs 300 crore in the previous year.
• Tata Tech reported a Q4 net profit of Rs 157 crore, compared to a consolidated net profit of Rs 217 crore in the year-ago period.

Date: 2 May 2024 Stock Market Highlights

The stock market today rebounded from some of the losses of the previous session, closing higher with the Nifty hovering around 22,650. This followed market participants processing the comments made by the Fed Chair regarding a potential rate hike, after the decision to maintain key interest rates unchanged during the meeting held on May 1.

• Sensex closed with a gain of 128.33 points, representing a 0.17% increase, ending the session at 74,611.11.
• Nifty saw a slight rise of 43.35 points, or 0.19%, finishing at 22,648.20.
• Bank Nifty concluded the day with a loss of 165.70 points or 0.34% at 49,231.05.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

52 Week Low Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Auto, metal, oil & gas, and power sectors each saw gains of one percent.
• However, bank and realty indices ended the session with marginal losses.
• The BSE midcap index reached a new high, closing with a one percent gain.
• The smallcap index also rose, albeit more modestly, by 0.3 percent.

Market Update

• Wipro secures a contract from Nokia to revamp its employee service desk, ensuring seamless IT support across its global workforce in real-time.
• Sonata Software enters into a partnership with Denodo to enhance its service offerings.
• Tata Motors reports a growth of 11.4% YoY in total sales.
• Jindal Stainless announces plans to acquire a 100% stake in Sulawesi Nickel Processing Industries Holdings.
• The Central Pollution Control Board (CPCB) conditionally lifts the closure order for Paradeep Phosphates' plant.
• Mishra Dhatu Nigam's shares surge following an order win worth Rs 139 crore.
• Dabur announces a dividend of Rs 2.75 per equity share.
• L&T Technology Services seals a €45 million partnership deal with FORVIA to collaborate on clean mobility engineering initiatives.

Q4 Result Update

Upcoming Result on 3rd May 2024

• Aarti Drugs
• Adani Green Energy
• Aptus Value Housing Finance India
• Asian Energy Services
• Britannia Industries
• Carborundum Universal
• Entertainment Network (India)
• Firstsource Solutions
• Go Fashion (India)
• Godrej Properties
• HFCL
• Inox Green Energy Services
• Inox Wind
• Inox Wind Energy
• JSW Infrastructure
• Kabra Extrusion Technik
• Kriti Industries (India)
• Kriti Nutrients
• Mittal Life Style
• MRF
• Mangalore Refinery and Petrochemicals
• Next Mediaworks
• Raymond
• Rane Brake Lining
• Sah Polymers
• STEEL EXCHANGE INDIA
• Tata Technologies
• Tatva Chintan Pharma Chem
• Titan Company
• Tree House Education & Accessories
• Vinyl Chemicals (India)
• Virinchi

Upcoming Result on 4th May 2024

• Anup Engineering
• Birla Corporation
• Central Depository Services (India)
• Avenue Supermarts
• IDBI Bank
• The Jammu & Kashmir Bank
• Kansai Nerolac Paints
• Kotak Mahindra Bank
• Mahindra & Mahindra Financial Services
• Nagarjuna Fertilizers and Chemicals
• Nila Infrastructures
• Sambhaav Media
• Vardhman Acrylics
• Zen Technologies

Q4 Results Declared

• Indus Towers reports a 32.4% year-on-year growth in consolidated net profit, reaching Rs 1,853.1 crore for the quarter ended March FY24, attributed to robust operating margin performance.
• Havells India achieved a net profit of Rs 449 crore for the quarter ended March FY24, marking a 24.1% increase compared to the corresponding period of the previous fiscal year, driven by strong revenue and operating numbers.
• Sona BLW Precision Forgings records a consolidated net profit of Rs 148 crore for the March FY24 quarter.
• Mold-Tek Technologies experiences a 36.5% decline in Q4 profit.
• Adani Wilmar achieved a net profit of Rs 156.75 crore for the March FY24 quarter, marking a 67.5% increase compared to the previous year.
• Federal Bank's Q4 net profit rises to Rs 906.3 crore.
• Adani Ports' Q4 profit increased by 76% to Rs 2,040 crore compared to the previous year, with revenue surging by 19%.
• Five-Star Business Finance witnesses a 40% jump in Q4 profit.
• Skipper reports a 6% increase in Q4 profit, with revenue jumping by 75%.
• Dabur's Q4 profit rises by 16% year-on-year, with domestic volume growth at 4.2%.
• South India Bank sees a 14% decline in Q4 net profit despite an improvement in asset quality.
• Ramkrishna Forgings experiences a 37% spike in net profit to Rs 93.8 crore in Q4, with revenue up by 15%.
• Adani Enterprises' Q4 net profit falls to Rs 451 crore.
• Blue Star's Q4 net profit decreases by 28.7% to Rs 160.5 crore, while revenue increases by 27% to Rs 3,328 crore, year-on-year.

Date: 30 April 2024 Stock Market Highlights

In a session of significant volatility, the stock market today reversed all intraday gains and concluded lower, driven by selling pressure in IT, metal, media, and oil & gas sectors.

• At the close of trading, the Sensex witnessed a decline of 188.50 points or 0.25%, closing at 74,482.78.
• Nifty experienced a decrease of 38.60 points or 0.17%, ending the session at 22,604.80.
• Bank Nifty concluded the day with a loss of 27.30 points or 0.06% at 49,396.75.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Sectors such as IT, metal, media, oil & gas, and healthcare witnessed a decline of 0.4-1 percent.
• On the other hand, the auto, power, and realty sectors saw an increase of more than a percent each.
• The BSE midcap index reached a new high and closed 0.5 percent higher.
• Meanwhile, the smallcap index concluded the session flat.

Market Update

• KPI Green secures new orders totaling 74.30 MW for the execution of solar power projects.
• Granules India receives approval for Colchicine Capsules.
• A JV of Rail Vikas Nigam is awarded the Letter of Award for a project valued at Rs 438.95 crore.
• RITES receives the Letter of Award for a contract worth USD 111.26 million.
• Orient Cement initiates the second phase of its Waste Heat Recovery System.
• Jammu and Kashmir Bank enters into a corporate agency agreement with New India Assurance Company.
• SEBI approves the IPO of Asirvad Micro Finance, a subsidiary of Manappuram Finance.
• Grasim Industries' paint plants in Ludhiana, Panipat, and Cheyyar commence commercial production today.
• PSP Projects secures new work orders worth Rs 236.32 crore.
• Coromandel International to establish a Rs 1,000 crore phosphoric acid & sulphuric acid plant.
• Tech Mahindra, in collaboration with Atento, to deliver generative AI Services to enterprises.
• Sanofi India launches diabetes drug Soliqua in the Indian market.
• BHEL enters a strategic partnership agreement with HIMA, Dubai, for railway signaling business.

Q4 Result Update

Upcoming Result on 1st May 2024

• Adani Power
• Ambuja Cements
• Adani Wilmar
• Cigniti Technologies
• Dhampur Sugar Mills
• Greenpanel Industries
• Netweb Technologies India
• Orient Cement
• SIS
• Vardhman Special Steels

Upcoming Result on 2nd May 2024

• Adani Enterprises
• Adani Ports and Special Economic Zone
• AGI Greenpac
• Ajanta Pharma
• Aptech
• Associated Alcohols & Breweries Ltd.
• Astec LifeSciences
• Bliss GVS Pharma
• Blue Dart Express
• Blue Star
• CEAT
• Coal India
• Coforge
• Dabur India
• Digicontent
• The Federal Bank 
• Gallantt Ispat
• Gujarat Lease Financing
• JBM Auto
• KEI Industries
• K.P.R. Mill
• Ksolves India
• Linc
• LLOYDS ENGINEERING WORKS
• Lloyds Metals And Energy
• NK Industries
• Omax Autos
• Procter & Gamble Health
• Plastiblends India
• Privi Speciality Chemicals
• Railtel Corporation Of India
• Ramkrishna Forgings
• R Systems International
• Skipper
• The South Indian Bank
• Tara Chand InfraLogistic Solutions
• Ugro Capital Voltamp Transformers

Q4 Results Declared

• Tata Chemicals reports a Q4 loss of Rs 850 crore due to impairment loss related to UK operations.
• Poonawalla Fincorp's standalone net profit for the March FY24 quarter stands at Rs 331.7 crore, marking an 83.6% growth over the corresponding period of the previous fiscal.
• Jana Small Finance Bank records a net profit of Rs 321.7 crore for the quarter ended March FY24, showing nearly a four-fold increase from Rs 81 crore in the same period last year, driven by tax write-back and lower provisions.
• Newgen Software Technologies sees a 54% increase in Q4 profit.
• Spandana Sphoorty Financial registers a net profit of Rs 122.2 crore for the January-March FY24 quarter, growing by 5.2% over the year-ago period.
• KFin Technologies reports a consolidated net profit of Rs 74.5 crore for the March FY24 quarter, marking a 30.6% increase over the same period in the previous fiscal.
• Gillette India's Q3 profit falls by 3.5%.
• Birlasoft records a consolidated net profit of Rs 180 crore for the quarter ended March FY24, marking a 60.5% increase over the corresponding period of the previous fiscal, driven by healthy operating numbers.
• Shoppers Stop's Q4 profit grows by 63%.
• Symphony reports a 17% increase in Q4 net profit at Rs 48 crore compared to Rs 41 crore, with revenue up by 34.4% at Rs 332 crore versus Rs 247 crore YoY.
• Exide Industries witnesses a 36.5% YoY rise in net profit in Q4.
• REC's Q4 net profit increases by 34% to Rs 4,016.3 crore compared to Rs 3,00.9 crore YoY.
• P&G Hygiene records a net profit of Rs 154 crore in Q4.
• Central Bank of India sees a Q4 profit jump to Rs 807 crore from Rs 571 crore YoY.
• IOC's Q4 net profit declines by 40% to Rs 4,838 crore versus Rs 8,064 crore QoQ, with revenue down by 0.6% at Rs 1.97 lakh crore versus Rs 1.99 lakh crore.
• Dwarikesh Sugar's Q4 net profit decreases by 51% to Rs 23 crore compared to Rs 47 crore, with revenue down by 29% at Rs 380 crore versus Rs 532.5 crore YoY.
• Cholamandalam Investment's Q4 net profit rises by 24% to Rs 1,058 crore compared to Rs 853 crore YoY.

Date: 29 April 2024 Stock Market Highlights

The Stock market today rebounded strongly, recovering all losses from the previous session, with the Nifty surpassing 22,600, fueled by buying activity across various sectors except real estate.

• Sensex closed up by 941.12 points or 1.28% at 74,671.28.
• Nifty ended higher by 223.45 points or 1% at 22,643.40.
• Bank Nifty concluded the day with a gain of 1,223 points or 2.54% at 49,424.05.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• All sectoral indices, except realty, closed in positive territory.
• Healthcare, metal, power, bank, and oil & gas sectors saw gains ranging from 0.4% to 2%.
• The BSE midcap index rose by 0.8%.
• The smallcap index concluded the session unchanged.

Market Update

• ATC Telecom Infrastructure exits its partnership with Vodafone Idea.
• Gland Pharma receives approval for Cetrorelix Acetate for Injection.
• Ircon International's shares surge by 3.5% following a successful bid by its joint venture, winning a Rs 1,198-crore order.
• Glenmark Pharma obtains ANDA approval for Acetaminophen and Ibuprofen Tablets.
• Dilip Buildcon emerges victorious in an arbitration case against NHAI.
• Patanjali Foods receives a proposal to acquire the non-food business segment from Patanjali Ayurved.
• NBCC receives in-principle approval to establish a wholly-owned subsidiary in Dubai.
• Apollo Healthco plans to raise Rs 2,475 crore from Advent International.
• Tata Motors signs a pact with South Indian Bank.
• Techno Electric & Engineering Company secures new orders worth Rs 4,063 crore.
• Religare Enterprises to provide a corporate guarantee of up to Rs 180 crore to Axis Bank for Religare Broking.
• GRM Overseas clinches its first government order to supply premium basmati rice to Oman.
• Ultratech Cement's Board approves a dividend of Rs 70 per share.

Q4 Result Update

Upcoming Result on 30th April 2024

• Adani Energy Solutions
• Ador Welding
• Adani Total Gas
• Bharat Wire Ropes
• Castrol India
• Central Bank of India
• Cholamandalam Investment and Finance Company
• Cybertech Systems And Software
• DB (International) Stock Brokers
• De Nora India
• Dwarikesh Sugar Industries
• Exide Industries
• Filatex India
• Fino Payments Bank
• Five-Star Business Finance
• Foseco India
• Geojit Financial Services
• Gravita India
• Havells India
• IFCI
• Indiamart Intermesh
• Indus Towers
• Indian Oil Corporation
• IRB InvIT Fund
• Jayaswal Neco Industries
• Vedant Fashions
• Mangalam Global Enterprise
• Mold-Tek Technologies
• Navkar Corporation
• NDL Ventures
• Neogen Chemicals
• Newgen Software Technologies
• Nuvoco Vistas Corporation
• Procter & Gamble Hygiene and Health Care
• REC
• RPG Life Sciences
• Sadbhav Engineering
• Sona BLW Precision Forgings
• Star Health and Allied Insurance Company
• Symphony
• Tips Films 

Q4 Results Declared

• Maruti Suzuki reports a 48% increase in net profit for Q4.
• HCLTech's Q4 net profit sees a marginal increase, reaching Rs 3,986 crore.
• ICICI Bank's Q4 net profit surges by 17% to Rs 10,707 crore.
• Yes Bank's Q4 net profit jumps by 123% to Rs 451 crore.
• VST Industries witnesses a 28.4% increase in Q4 profit.
• Utkarsh Small Finance Bank records a 19% growth in Q4 profit.
• Tips Industries' Q4 net profit rises by 41% to Rs 25.8 crore compared to Rs 18.3 crore YoY.
• Mahindra Holidays and Resorts India's Q4 profit surges by 48% to Rs 83.2 crore.
• RBL Bank's Q4 profit sees a 30% surge YoY.
• UltraTech's Q4 net profit rises by 35% to Rs 2,258.58 crore, exceeding estimates.
• Trent's Q4 net profit stands at Rs 654.3 crore compared to Rs 105 crore YoY.
• PNB Housing Finance's Q4 consolidated profit jumps by 57.3% to Rs 439.3 crore, with Net Interest Income (NII) up 7.2% to Rs 623.2 crore YoY.
• Spandana Sphoorty's net profit increases by 22% to Rs 129 crore, with an improvement in asset quality.
• Birlasoft's net profit surges by 62% to Rs 180 crore, with a dividend of Rs 4 per share declared.
• KPIT Tech's Q4 net profit rises by 46% to Rs 164 crore, projecting FY25 revenue growth between 18%-22%.

Date: 26 April 2024 Stock Market Highlights

Stock market today, opened positively but lost all its gains in the early hours. It remained in the negative territory for the rest of the day, eventually closing near the day's high.

• Sensex dropped by 609.28 points, or 0.82%, to 73,730.16.
• Nifty decreased by 150.30 points, or 0.67%, to 22,420.
• Bank Nifty dropped by 293.9 points (0.61%), reaching 48201.05.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• All sectors, except for auto, bank, and capital goods, finished in positive territory.
• Oil & gas, healthcare, realty, and media sectors saw gains ranging from 0.3% to 1%.

Market Update

• IndiGo's stock rose by 2.5% following the order of 30 Airbus A350-900 aircraft.
• Sandur Manganese announced a partnership with ADV Partners to acquire a stake in Arjas.
• PG Electroplast has inaugurated a new integrated air conditioner manufacturing facility.
• Andhra Paper's management ended the lockout at its Rajahmundry manufacturing unit.
• An Arbitral Tribunal awarded L&T a net claim of ₹337.57 crore.
• PSP Projects raised ₹244 crore, resulting in a decline in its share price.
• Tata Steel confirmed a £1.25 billion investment to construct an electric arc furnace in Port Talbot.
• Bank of Maharashtra announced plans to raise ₹7,500 crore.
• Zydus received final approval from the USFDA for its Tretinoin Cream.
• Motilal Oswal Financial Services declared a 3:1 bonus issue and appointed Navin Agarwal as Managing Director.
• Bata India received approval to monetize land in Faridabad.

Date: 25 April 2024 Stock Market Highlights

Stock market today, began with a decline influenced by negative global signals and maintained a steady trend in the initial half. However, it witnessed a significant uptick in the latter half, driven by widespread buying across sectors, particularly propelled by PSU banks.

• Sensex gained of 486.50 points, equivalent to 0.66 percent, reaching 74,339.44.
• Nifty rise of 167.90 points, representing a 0.75 percent increase, reaching 22,570.30.
• Bank Nifty gained by 305.95 points (0.63%), reaching 48494.95.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

52 Week Low Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• All sector indices, except realty, concluded the session with gains.
• The PSU Bank index notably surged by almost 4 percent, reaching a new record high of 7,421.20.

Market Update

• NSE includes Aditya Birla Fashion and SAIL in F&O ban list.
• TCS enters into a multi-year partnership with AWS.
• Happiest Minds shares rise following the acquisition of 100% stake in PureSoftware Tech.
• EaseMyTrip collaborates with Adani Digital Labs.
• MAS Financial Services board approves fund raising.
• Divis Labs plans to expand capacity with an investment of up to Rs 700 crore.
• IHG Hotels signs an agreement with Brigade Group to introduce the InterContinental brand in Telangana.
• GPT Healthcare enters into an agreement for the construction of a hospital.
• RVNL is declared the lowest bidder for a project worth Rs 239 crore.
• RITES signs MoU with Damodar Valley Corporation.
• Deepak Nitrite receives Rs 127 crore towards final settlement.
• Inox Wind approves bonus shares.
• ITC's wholly owned subsidiary WelcomHotels Lanka (Private) launches ITC Ratnadipain in Sri Lanka.
• Puravankara shares surge by 5% after its arm secures a Rs 1,150 crore investment.

Date: 24 April 2024 Stock Market Highlights

Stock market today, there was a deceleration in US business activity, marked by the first drop in employment since 2020 and a decrease in output. This development strengthens the argument for potential rate cuts.

• The Sensex recorded a gain of 114.49 points or 0.16 percent, reaching 73,852.94.
• Nifty witnessed an increase of 34.40 points or 0.15 percent, reaching 22,402.40
• Bank Nifty gained by 218.55 points (0.46%), reaching 48189.00.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• BSE Metal experienced a rise of 2.8 percent, with BSE Commodities and Healthcare also seeing gains of 1.6 percent and 1 percent, respectively.
• Conversely, the BSE Telecommunication index faced a decline of 1.6 percent, while both BSE IT and BSE Teck indices witnessed a decrease of 1 percent each.

Market Update

• A joint venture of RVNL has secured the position of the lowest bidder for a project valued at Rs 439 crore, which was highlighted by Southern Railway.
• GAIL intends to close down the Dabhol LNG terminal starting May 15, in anticipation of the onset of monsoon rains.
• Stocks of Indus Tower and Vodafone experienced a decline following Bharti Airtel's denial of acquisition.
• GPT Infra has clinched an order worth Rs 487 crore from Mumbai Central Railway.

Date: 23 April 2024 Stock Market Highlights

Stock market today started positively, buoyed by favourable international signals and a decrease in concerns about tensions in West Asia, which led to a significant drop in volatility. However, a wave of profit-taking in the last hour reversed most of the earlier gains.

• The Sensex increased by 89.83 points, or 0.12%, to 73,738.45.
• The Nifty up by 31.60 points, or 0.14%, to 22,368.
• Bank Nifty gained by 54.55points (0.10%), reaching 47970.45.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Healthcare, metal, oil & gas, and energy sectors declined by 0.3% to 0.8%.
• FMCG, power, IT, realty, and auto sectors rose by 0.4% to 2%.

Market Update

• Sudarshan Chemical sees gains after its largest competitor, Heubach GmbH, files for bankruptcy.
• Union Bank categorizes its Rs 188 crore credit exposure to BGR Energy Systems as a Non-Performing Asset (NPA).
• The USFDA issues Form 483 with 5 observations to Aarti Drugs' Baddi unit.
• Wipro's step-down subsidiary has been voluntarily dissolved.
• Choice International plans to raise Rs 693 crore.
• RPP Infra Projects secures new orders worth Rs 412.81 crore.
• NBCC secures Rs 23,500 crore of business in FY24.
• The USFDA issues an Establishment Inspection Report (EIR) to Natco Pharma's Hyderabad unit.

Date: 22 April 2024 Stock Market Highlights

Stock market today continued their upward trend for the second consecutive session, buoyed by favorable global signals and a slight easing of concerns regarding Iran-Israel tensions. The market opened with a gap-up and maintained a positive bias within a narrow range throughout the session. It concluded near the day's peak, driven by buying activities across various sectors.

1. The Sensex surged by 560.29 points, marking a gain of 0.77%, reaching 73,648.62.
2. The Nifty showed an increase of 189.40 points, representing a rise of 0.86%, reaching 22,336.40.
3. Bank Nifty gained by 350.75 points (0.74%), reaching 47924.90.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• All sectoral indices concluded in positive territory. Sectors like Auto, PSU banks, capital goods, oil & gas, FMCG, healthcare, and realty witnessed up to 3 per cent gains.

Market Update

• NSE adds Biocon to the F&O ban list for April 22.
• HDFC Bank approves a fund raise of Rs 60,000 crore through bonds via private placement.
• Ultratech Cement to acquire a 1.1 mtpa grinding unit from India Cements.
• Suraj Estate Developers acquires freehold land measuring 1,073 square meters.
• Vikas Lifecare secures orders worth Rs 500 million.
• Welspun Corp receives multiple line pipe orders, totaling approximately Rs 872 crore, both in India and the USA.
• Pavna Industries enters into an agreement with OLA Electric.
• Aditya Birla Fashion board approves the demerger of Madura Fashion business into a separate listed entity.
• Yes Bank receives an income tax refund of Rs 284.21 crore.
• Oil prices decline more than 1% as tensions between Iran and Israel ease.
• Zomato receives an order for GST demand with a penalty of Rs 11.8 crore.
• Sanghi Industries to raise Rs 2,200 crore via NCDs.
• Gujarat Toolroom executes a Rs 650 million order.
• Central Bank Of India enters into a distributorship agreement with Aditya Birla Sun Life AMC.

Date: 19 April 2024 Stock Market Highlights

Stock market today started with losses following reports of Israel's retaliatory missile strike on Iran. However, it reversed course during the afternoon session, recovering from earlier declines and closing near the day's peak.

• The Sensex surged by 599.34 points or 0.83 percent to reach 73,088.33.
• Nifty witnessed a gain of 151.20 points or 0.69 percent, closing at 22,147.00.
• Bank Nifty gained by 504.7 points (1.07%), reaching 47574.15.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

52 Week Low Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Bank and Metal indices each rose by 1 percent, while the FMCG index increased by 0.5 percent.
• Sectors such as healthcare, IT, power, and realty saw declines ranging from 0.3 to 0.6 percent.

Market Update

• The US and Britain have announced new sanctions on Iran following a missile and drone strike on Israel.
• Kronox Lab Sciences has received approval from the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO).
• ITC's subsidiary is set to acquire Blazeclan Technologies for Rs 485 crore.
• Indo Count has acquired the US premium national brand WAMSUTTA.
• Inox Wind has secured a repeat order for 210 MW of 3 MW Wind Turbine Generators (WTGs) from Hero Future Energies.
• Happiest Minds is to acquire 100% equity interest in Macmillan Learning.
• Aurionpro Solutions has acquired Arya.aiv.
• Dixon's arm has entered into an agreement with Longcheer Mobile for manufacturing smartphones.
• Oil prices surged following reports of an Israeli strike on Iran, causing turmoil in the markets.
• Manappuram Finance plans to raise USD 500 million through a bond issue.
• FCS Software has acquired a 54.94% stake in Bloom Healthcare.
• RVNL has been declared the lowest bidder for a project worth Rs 440 crore from South Central Railway.
• Premier Explosives' board has approved a stock split.
• Davangere Sugar Company has approved a stock split.

Date: 18 April 2024 Stock Market Highlights

Stock market today, the Sensex and the Nifty continued their downward trend for a third consecutive session, mirroring the decline in global markets fueled by escalating tensions in West Asia. Investor sentiment was further dampened by the surge in US treasury bond yields, reaching a five-month peak, which diminished risk appetite.

• The Sensex closed down by 456.10 points or 0.62 percent at 72,943.68.
• The Nifty 50 dropped by 124.60 points or 0.56 percent, ending at 22,147.90.
• Bank Nifty dropped by 415.35 points (0.87%), reaching 47069.45.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Except telecom and media, all other sectoral indices are trading in the red.
• The BSE midcap index shed 0.4 percent, while the smallcap index ended on a flat note.

Market Update

• DroneAcharya Aerial Innovations Limited partners with CBAI Technologies Private Limited to procure 200 Type Certified training drones over three years.
• Dialog, Axiata Group, and Bharti Airtel finalize agreement to merge operations in Sri Lanka.
• Marksans Pharma receives 5 inspectional observations from USFDA.
• Ramkrishna Forgings secures approval to supply power train components.
• Endurance Technologies approves capacity addition for aluminium die casting and machining of automotive components.
• Hindustan Zinc ranks as the 3rd largest global producer of silver.
• Tata Consumer Products successfully acquires Organic India.
• Adani Enterprises establishes joint venture company King Power Ospree Pte in Singapore.
• Capacite Infraprojects secures order worth Rs 549 crore.
• Veranda Learning arm to acquire Logic Management Training Institutes.
• Star Housing secures Rs 25 crore loan from LIC Housing Finance.
• KIMS Hospital subsidiary receives tax demand order of Rs 307 crore.
• JSW veteran Prashant Jain acquires 1.89% stake in Coffee Day Enterprises.
• Power Mech Projects receives orders worth Rs 232.03 crore.
• Gujarat High Court grants interim stay on penalty of Rs 260 crore on Suzlon Energy.

Date: 16 April 2024 Stock Market Highlights

Stock market today concluded their third consecutive session in the red, following suit with global markets as concerns heightened over developments in West Asia. Additionally, escalating US treasury bond yields, reaching a five-month peak, dampened investor confidence in assuming risks.

• Sensex closed down by 456.10 points, or 0.62%, at 72,943.68.
• Nifty 50 fell by 124.60 points, or 0.56%, ending at 22,147.90.
• Bank Nifty dropped by 288.45 points (0.60%), reaching 47484.80.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

52 Week Low Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Despite challenges, the broader market stayed positive, with BSE Smallcap climbing 0.6% and BSE Midcap remaining steady.
• Nifty IT and Nifty Financial Services experienced significant declines within sectoral indices, with Nifty IT dropping by 2.6% and Nifty PSU Bank by 1.3%.
• Conversely, Nifty Pharma and Nifty FMCG emerged as top performers among sectoral indices, closing 0.4% higher.

Market Update

• Cipla agrees to purchase Ivia Beaute's cosmetics and personal care division for Rs 130 crore.
• JNK India's IPO will be open for bids from April 23 to April 25.
• Jio Financial Services forms a joint venture with Blackrock to establish wealth management and broking operations.
• Welspun Corp's subsidiary raises a claim of USD 15 million for project cancellation fees from SCS Carbon.
• Cipla Health, a subsidiary of Cipla, is set to acquire the cosmetics and personal care business from Ivia Beaute.
• Sterlite Technologies successfully raises Rs 1,000 crore through the Qualified Institutional Placement (QIP) route.
• Dynacons Systems secures a contract worth Rs 233 crore from NABARD for Core Banking Solution Upgradation & Migration on ASP Model.
• ABB India introduces two energy-efficient motor ranges aimed at fostering sustainable industrial growth.
• GQG increases its stake in Patanjali Foods from 3.3% to 11.5% during the fourth quarter.
• Manappuram Finance plans to deliberate on raising funds of up to $500 million on April 19.

Q4 Result Update 

Upcoming Result on 17th April 2024

• Angel One
• Hathway Cable & Datacom
• ICICI Lombard General Insurance Company
• Infomedia Press
• Just Dial
• Tata Communications 

Upcoming Result on 18th April 2024

• Accelya Solutions India
• Bajaj Auto
• Eimco Elecon (India)
• HDFC Life Insurance Company
• Infosys
• ICICI Securities
• Mastek
• Network18 Media & Investments
• Oriental Hotels
• Reliance Industrial Infrastructure
• Shrenik
• Surana Solar
• Swaraj Engines
• TV18 Broadcast 

Date: 15 April 2024 Stock Market Highlights

Stock market today continued their downward trend for the second consecutive session with widespread selling pressure. Investor sentiment was affected by tensions between Israel and Iran, dampening risk appetite. Additionally, market participants closely monitored the March quarter results.

• Sensex fell by 845.12 points, or 1.14 percent, to reach 73,399.78,
• Nifty declined by 246.90 points, or 1.10 percent, to close at 22,272.50.
• Bank Nifty dropped by 791.3 points (1.63%), reaching 47773.25.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

52 Week Low Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Apart from the oil & gas and metal sectors, all other sectoral indices closed lower.
• BSE Midcap and Smallcap indices both declined by 1.5 percent each.

Market Update

• Sun Pharma faces regulatory setback as Dadra unit tagged 'OAI' by US FDA, leading to stock decline.
• Granules India's Visakhapatnam unit receives positive audit from US FDA with Zero 483s reported.
• Oil prices drop following Iran attack, reducing market's risk premium.
• Mphasis signs strategic collaboration agreements with AWS to enhance services.
• Aster DM Healthcare announces a special dividend of Rs 118 per share.
• Happiest Minds secures order from MindSculpt Analytics.
• Bodhi Tree Multimedia ventures into Bhojpuri content, signs pact with MJ Creative Studio.
• Suven Life Sciences will present positive Phase-2 results on Samelisant at American Academy of Neurology.
• Ambuja Cements acquired 1.5 MTPA Cement Grinding Unit in Tuticorin, Tamil Nadu, from My Home Industries Private Limited.
• IIFL Finance's board to discuss the terms of the rights issue on April 17.
• Reliance Power completes transfer of 45 MW wind power project to JSW Renewable Energy.
• Mahindra and Mahindra approved the acquisition of a 26% stake in Gelos Solren Private Limited, a subsidiary of Mahindra Susten Private Limited.
• Brigade Group to invest Rs 400 crore in developing office space in Chennai.
• National Bank of Kuwait expands its partnership with Intellect Global Transaction Banking to facilitate comprehensive eMACH.ai digital transformation.

Date: 12 April 2024 Stock Market Highlights

The stock market today witnessed a sharp drop with both the Sensex and Nifty experiencing significant losses. This decline was attributed to a widespread sell-off triggered by inflation data from the US. The data dashed investor expectations of an interest rate cut by the Federal Reserve in June, leading to a rise in US treasury bond yields.

• Sensex experienced a decrease of 793.25 points (1.06%), ending the session at 74,244.90.
• Nifty fell by 234.40 points (1.03%), closing at 22,519.40.
• Bank Nifty dropped by 422.05 points (0.86%), reaching 48,564.55.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

52 Week Low Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Nifty Pharma and Nifty Healthcare experienced the most significant declines, down 1.8 percent and 1.5 percent, respectively.
• Nifty Media, Nifty PSU Bank, and Nifty FMCG saw declines of over 1 percent each.
• The BSE midcap index slipped by 0.4 percent.
• The smallcap index shed 0.5 percent.

Market Update

• Computer Age Management Services (CAMS) obtains authorization from RBI to function as an online payment aggregator.
• Bhagiradha Chemicals' board approves a stock split in the ratio of 1:10.
• Maharashtra Seamless secures a work order valued at Rs 674 crore.
• Uno Minda acquires a significant land parcel in Haryana for the development of a greenfield alloy wheel plant.
• Phoenix Mills witnesses a 27% year-on-year growth in consumption and a 37% increase in retail collections during Q4.
• KABIL and CSIR-IMMT signed an MoU for technical and knowledge cooperation in critical minerals.
• Pratham EPC Projects bags an order worth Rs 497 crore.
• Isgec Heavy Engineering's subsidiary has begun the commercial operation of a new ethanol plant in the Philippines.
• Dr. Reddy’s launches the drug-free migraine management device Nerivio in Europe.
• HFCL secures purchase orders totaling Rs 64.93 crores for the supply of optical fiber cables.
• Trident commissions a 1.1 MWp solar power project in Madhya Pradesh.
• TVS Supply Chain Solutions achieves a milestone of 5 lakh CKD (complete knock-down) kits for its customer, TVS Motor Company.
• PVR Inox inaugurates a 14-screen megaplex in Bengaluru and a 9-screen multiplex in Kerala.
• Vakrangee partners with Global One Enterprises to offer OTT services.
• Larsen & Toubro finalizes the divestment of its entire stake in L&T Infrastructure Development Projects.
• Karnataka Bank collaborates with FISDOM to provide stock broking services and 3-in-1 accounts.
• Landmark Cars established a wholly-owned subsidiary named Landmark Premium Cars (LPCPL) to engage in sales, after-sales, and allied business activities.
• Happiest Minds teams up with ENERCON to promote sustainable wind energy solutions.
• USFDA completes inspection of Lupin's Dabhasa plant with no observations.
• TCS declares a dividend of Rs 28 per share.
• Bharti Hexacom debuts on NSE, opening at Rs 755, marking a premium of 32.46% over its issue price of Rs 570. The stock reaches a high of Rs 880 and concludes the session at Rs 813.

Date: 10 April 2024 Stock Market Highlights

The stock market today closed higher. The Nifty index reached a new record high, while the Sensex climbed closer to its all-time peak. This positive performance comes ahead of the release of key economic data later today, including the FOMC meeting minutes and US inflation figures.

• Sensex experienced an increase of 354.45 points (0.47%), ending the session at 75,038.15.
• Nifty was up by 111.05 points (0.49%), closing at 22,753.80.
• Bank Nifty surged by 256.05 points (0.53%), reaching 48,986.60.

The stock market will remain closed tomorrow, i.e. 11th April 2024, on the occasion of Eid-Ul-Fitr. The commodities evening session will remain open from 5 PM.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Stock market indices performed well, except for pharma stocks.
• Media, PSU Bank, FMCG, metal, and oil & gas sectors gained 1-2%.
• Broader markets also rose slightly, with BSE Midcap and Smallcap indices up 0.5% each.

Market Update

• Piramal Pharma ventures into the men’s personal grooming category.
• Finolex Industries divests leasehold rights for approximately Rs 470 crore near Pune.
• Foreign Portfolio Investors (FPIs) increased their stake in Paytm by 2% in Q4FY24.
• Lupin introduced the first generic version of Oracea in the United States.
• Tesla is engaging in discussions with Reliance about establishing an EV plant in India.
• Suraj Estate Developers resolves pending litigation with OLV & OLPS Society.
• IRB Infrastructure Developers' subsidiary secures an arbitral award.
• Exide Industries will acquire a 26% stake in Clean Max Arcadia.
• Gensol Engineering's order book stands at Rs 1,780 crore at the beginning of FY25.
• Nicomac Machinery and Lakumi Trust divest a 4.93% stake in Gland Pharma.
• Cipla's Patalganga unit receives 6 observations from the USFDA, ranging from cleanliness to equipment qualification procedures.
• Maruti Suzuki raises the prices of Swift by Rs 25,000 and selected variants of Grand Vitara by Rs 19,000, effective April 10.
• PB Fintech established a wholly-owned subsidiary named PB Pay.
• Bajaj Finance increases FD rates for most tenures by up to 60 basis points.
• Aditya Birla Fashion and Retail forms a new company, Aditya Birla Lifestyle Brands.
• US FDA concludes inspection of Shivalik Rasayan's Dahej-based API facility with 7 observations.
• Shyam Metalics and Energy expands its portfolio of stainless steel flat products.

Date: 9 April 2024 Stock Market Highlights

The stock market today reached new all-time highs. However, they could not maintain those gains as investors opted to lock in profits before releasing crucial inflation data for India and the United States.

• Sensex experienced a decrease of 58.80 points (0.08%), ending the session at 74,683.70.
• Nifty fell by 23.55 points (0.10%), closing at 22,642.75.
• Bank Nifty surged by 148.85 points (0.31%), reaching 48,730.55.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

Roundup of Stock Market Today

Sector Update

• Indian stock market sectors like auto, FMCG, and energy saw minor losses (0.3-1%).
• Banking, metals, and realty sectors gained slightly (0.3-1%).
• Overall, the broader market indices (mid-cap and small-cap) also experienced small declines.

Market Update

• Dilip Buildcon has been declared as the L-1 bidder for a project valued at Rs 1,092.46 crore by the Haryana Rail Infrastructure Development Corporation in Haryana, on EPC mode.
• HG Infra Engineering has established a subsidiary for an NHAI project worth Rs 862 crore.
• Natco Pharma has received a Warning Letter from the US Food and Drug Administration (USFDA) following a routine cGMP inspection at its Kothur (Pharma Division) manufacturing facility.
• UCO Bank has reported a 16% year-on-year growth in advances for Q4, with deposits increasing by 5.5%.
• Maruti Suzuki has commissioned another vehicle assembly line at its Manesar facility.
• Citigroup Global Markets Mauritius has acquired a 1.11% stake in RBL Bank.
• Strides has received USFDA approval for Fluoxetine Tabs 10 mg and 20 mg.
• Deep Industries has established its wholly-owned subsidiary, SAAR International FZ-LLC, in the Ras Al Khaimah Economic Zone, UAE.
• Dixon Technologies is set to acquire a 50.1% stake in Ismartu India through a share purchase agreement and shareholders’ agreement.
• Uttar Pradesh State GST has conducted searches at all showrooms and warehouses of Aditya Vision in Uttar Pradesh.
• IRDAI has imposed a penalty on Edelweiss Tokio Life Insurance Company.
• ICICI Lombard has entered into a strategic partnership with Policybazaar.
• Gland Pharma has received USFDA approval for a generic breast cancer drug.
• JTL Industries has strategically acquired a controlling stake of 67% in Nabha Steels and Metals, located in Mandi Gobindgarh, Punjab.
• NSE has declared May 20, 2024, a holiday on account of the Lok Sabha elections.
• IndusInd International Holdings Limited (IIHL), part of the Hinduja Group, has acquired a 60% stake in Invesco India Asset Management.

Date: 8 April 2024 Stock Market Highlights

The stock market today surged to new heights. Both the Nifty 50 and the Sensex, opened higher and continued to climb throughout the day, reaching record highs. 

• Sensex experienced an increase of 494.28 points (0.67%), ending the session at 74,742.50.
• Nifty was up by 152.60 points (0.68%), closing at 22,666.30.
• Bank Nifty surged by 88.65 points (0.18%), reaching 48,581.70.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

Roundup of Stock Market Today

Sector Update

• Indian stock market sees gains in auto, energy, infrastructure, metal, and realty sectors (up 1-2%).
• PSU banks, information technology, and media sectors see losses (down 0.5-1%).
• Overall market performance is positive with marginal gains in broader midcap and smallcap indices.

Market Update

• Vuenow Infratech acquires a 2-megawatt capacity data center.
• Mazagon Dock Shipbuilders recorded a provisional and unaudited turnover of approximately Rs 9,400 crore for the financial year ending on March 31, 2024.
• Jana Small Finance Bank has partnered with Kotak Mahindra Life Insurance Company Limited to provide life insurance to its customers.
• Adani Wilmar witnessed double-digit growth in both its edible oils and foods businesses in Q4.
• Greaves Cotton has signed a technology transfer agreement with Tsuyo.
• The USFDA has concluded its inspection of Aurobindo Pharma's subsidiary Eugia Steriles' facility, issuing three observations.
• Rail Vikas Nigam has received a Letter of Acceptance from Central Railway for signaling and telecommunication work on the Khapri-Sewagram Section of Nagpur division.
• Union Bank of India saw an 11.72% year-on-year growth in advances in Q4, with deposits up by 9.29%.
• Prestige Estates reported a 63% year-on-year increase in sales for FY24.
• Cochin Shipyard has signed a Master Shipyard Repair Agreement with the US Navy to repair US naval vessels.
• Gland Pharma has received US FDA approval for Eribulin Mesylate Injection.
• Utkarsh Small Finance Bank witnessed a 27.4% year-on-year deposit growth in Q4, with the gross loan portfolio up by 31.1%.
• Zee Media Corporation has incorporated its wholly-owned subsidiary, Zee Media Inc, in the State of Delaware, United States of America.
• RITES has partnered with IIT-Madras for innovation in green energy solutions.
• Capri Global Capital has disbursed over Rs 10,000 crores worth of NewCar loans in FY24.
• An arm of Adani Total Gas has signed an MoU with MG Motor India to enhance EV charging infrastructure.
• PNB Housing Finance has announced the expansion of its distribution network to 300 branches across India.
• United Breweries has received an order for a tax demand of Rs 263.72 crore.
• Hyundai and Kia have partnered with Exide Energy Solutions for EV battery localization in India.
• Vodafone Idea has received board approval to raise Rs 2,075 crore from the Aditya Birla Group.
• Gland Pharma has obtained US FDA approval for its Eribulin Mesylate Injection.
• Cochin Shipyard has signed a Master Shipyard Repair Agreement with the US Navy.
• Som Distilleries and Breweries has commenced commercial production at its Karnataka plant, following an increase in capacity.
• The US FDA has concluded its GMP inspection at Strides Pharma's subsidiary's Chennai facility, issuing 2 observations.
• Cholamandalam Investment has witnessed a 17% year-on-year growth in disbursements for Q4, amounting to Rs 24,600 crore.
• BSE will implement a limit price protection mechanism on equity derivatives starting from April 16.
• Tata Steel's Q4 India crude steel production has seen a 4.5% year-on-year growth, reaching 5.38 million tonnes.

Date: 5 April 2024 Stock Market Highlights

The stock market today experienced a volatile trading session. The key indices, Sensex and Nifty, closed nearly flat despite the Reserve Bank of India's (RBI) decision to maintain interest rates. 

• Sensex experienced an increase of 20.59 points, ending the session at 74,248.22.
• Nifty closed flat by a small decline of 0.95 points closing at 22,513.70.
• Bank Nifty surged by 432.25 points (0.90%), reaching 48,493.05.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

Roundup of Stock Market Today

Sector Update

• Banking, FMCG and realty sectors up 0.5-1.5%.
• IT and Media sectors down 0.4% each.
• BSE midcap and smallcap indexes rose 0.5% each.

Market Update

• Cipla received six inspectional observations for its Patalganga facility.
• IndusInd Bank reported a 14% year-on-year growth in deposits, with net advances rising by 18%.
• In Q4, Puravankara achieved its highest-ever annual sales value of Rs 5,914 crores in FY24, marking a 90% increase compared to FY23.
• Nestle India received relief as the NCDRC dismissed the government's plea.
• Bajaj Finance's assets under management (AUM) in FY24 grew by 34% year-on-year to Rs 3.3 lakh crore.
• Bandhan Bank saw a 17.8% year-on-year growth in loans and advances in Q4, with deposits up by 25%.
• The RBI maintained the repo rate unchanged for the seventh consecutive time at 6.5%.
• Prestige Estates Projects acquired 21 acres of land in Bengaluru.
• LTIMindtree partnered with Aforza to establish a training academy.
• UltraTech Cement commissioned a 100 MW AC solar energy project in Rajasthan.
• Securekloud Technologies' subsidiary signed a partnership with Cynomi.
• Sheela Foam received compensation of Rs 21.4 crore as per the DCDRC order.
• Cello World commissioned a consumerware manufacturing facility in Rajasthan.
• TVS Motor Company launched TVS Ronin, its modern-retro motorcycle, in Colombia.
• Cafe CoffeeDay defaulted on loan interest payments, with a total financial indebtedness of Rs 434 crore.
• Mphasis signed a strategic collaboration pact with AWS and announced the launch of GEN AI foundry for financial services.
• Amber Enterprises formed a joint venture with four companies.
• Redington and Zoho partnered to assist businesses in India in accelerating their digital transformation.
• DCM received a tax demand notice for Rs 25.89 crore.
• RBM Infracon secured an order worth Rs 22.19 crore.
• Bharti Hexacom IPO subscribed 29.88 times on the last day of the bidding.

Date: 4 April 2024 Stock Market Highlights

The stock market today surged to record highs amid volatile trading, though it saw fluctuations that pared back some gains. It ended the day positively, signalling significant performance ahead of the RBI’s MPC announcement.

• Sensex experienced an increase of 350.81 points (0.47%), ending the session at 74,227.63.
• Nifty rose by 80 points (0.36%), concluding at 22,514.65.
• Bank Nifty surged by 436.55 points (0.92%), reaching 48,060.80.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

Roundup of Stock Market Today

Sector Update

• Power, and information technology sectors saw gains of 0.5-1%.
• PSU banks and oil & gas sectors experienced declines of 0.7-1.6%.
• BSE midcap index remained unchanged.
• Smallcap index increased by 0.5%.

Market Update

• Som Distilleries and Breweries received board approval for a sub-division of shares in the ratio of 5:2.
• Jindal Stainless plans to divest its entire 26% stake in Jindal Coke by September.
• Suryoday Small Finance Bank witnessed a 41% year-on-year growth in Q4 advances, with deposits growing at 50%.
• KEC International secured new orders amounting to Rs 816 crore.
• Federal Bank recorded a 20% year-on-year growth in Q4 advances, with deposits growing at 18.4%.
• Brigade Group entered into a joint development agreement with United Oxygen.
• Union Bank of India's Dubai branch secured a syndicated term loan of $500 million.
• Poonawalla Fincorp reported its highest-ever disbursements at Rs 9,680 crore in Q4, marking a 52% year-on-year increase.
• GM Breweries' board recommended the issue of bonus shares in the ratio of 1:4.
• Gufic Biosciences established a wholly-owned subsidiary in Dubai.
• Mishtann Foods' rights issue opened on April 2 and will remain open for eligible applicants until April 16, with the rights issue price set at Rs 15 per share by the company's board of directors.
• GMR Power and Urban Infra formed a joint venture company with Shree Naman Developers.
• Equitas Small Finance Bank reported a 43% year-on-year increase in total deposits in Q4, reaching Rs 36,129 crore.
• NARCL submitted a binding offer worth Rs 10,000 crore to acquire Jai Prakash Associates debt from banks.
• Hero MotoCorp received a tax demand notice of Rs 308.65 crore.
• Bharti Hexacom IPO subscribed 1.12 times on the first day of the bidding.

Date: 3 April 2024 Stock Market Highlights

The stock market today ended the day without much change, staying flat despite some ups and downs in trading.

• At the closing bell, Sensex experienced a slight decrease of 27.09 points (0.15%), ending the session at 73,876.82.
• Nifty saw a marginal decline of 8.70 points, concluding at 22,434.65.
• Bank Nifty surged by 78.80 points (0.17%), reaching 47,624.25.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

Roundup of Stock Market Today

Sector Update

• Realty index down by 2.5%, Auto index slipped 0.4%.
• Power and PSU Bank indices rose by 1% each.
• Information Technology and Media indices up by 0.5% each.
• BSE midcap index reached a new high, up by 0.6%.
• Smallcap index increased by 1%.

Market Update

• Gensol Engineering recorded its highest-ever revenue of Rs 960 crore in FY24.
• Biocon Biologics transferred its branded formulations business in India to Eris Lifesciences through a slump sale.
• HCL Technologies' subsidiary completed the divestment of a 49% stake in its joint venture.
• In Q4FY24, Hindustan Zinc's mined metal production dropped by 1% YoY to 299 kt.
• NALCO achieved its highest-ever production of aluminium and bauxite in FY24.
• Jammu & Kashmir Bank signed a corporate agency agreement with New India Assurance.
• Brahmaputra Infrastructure hit the upper circuit after securing an order worth Rs 70 crore for river protection work.
• Star Health Insurance partnered with PhonePe to offer the 'Star Comprehensive Insurance Policy' with monthly EMI options.
• Shriram Properties received a tax penalty order of Rs 446.79 crore.
• Ramco Cements commissioned Line II at its Odisha Grinding Unit.
• GE T&D India received a letter from GEC to split itself into GE Aerospace and GE Vernova.
• The USFDA indicated that the inspection at Granules India was VAI.
• HCLTech launched a strategic initiative with Google Cloud.
• Ashiana Housing sold its entire units in Phase 3 of its Gurugram project.
• A subsidiary of PNC Infratech was set to receive Rs 117.15 crore in a one-time settlement.
• ACRA, Singapore approved the merger of Foolproof Singapore Pte with a Zensar subsidiary.
• Anupam Rasayan signed a letter of intent with a Japanese multinational company.
• Mold-Tek Packaging declared an interim dividend of Rs 2 per equity share for the financial year 2023-24.
• Sunteck Realty leased a commercial building in Mumbai for the long term.
• Bartronics India received approval from its board of directors to raise funds up to Rs 49.90 crore via a rights issue.
• Tara Chand Infra secured a Rs 6.84 crore order at an Ambuja Cement plant.
• SJVN partnered with IIT Patna to enhance tunnelling project performance.
• SRM Contractors made its debut on the NSE at Rs 215, a 2.5% premium over the issue price of Rs 210. The stock hit the upper circuit at Rs 226 and maintained that level throughout the day.
• Bharti Hexacom IPO subscribed 0.34 times on the first day of the bidding.

Date: 2 April 2024 Stock Market Highlights

The stock market today ended slightly lower, breaking a three-day winning streak.

• At the close of the day, the Sensex dipped by 110.64 points (0.15%), reaching 73,903.91.
• Nifty experienced a slight decline of 8.70 points, ending flat at 22,453.30.
• Bank Nifty decreased by 32.80 points (0.07%), settling at 47,545.45.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

Roundup of Stock Market Today

Sector Update

• Realty, metal, oil & gas, media, power, and auto sectors saw gains of 1-2%.
• Information technology and telecom sectors faced a decline of 0.5% each.
• BSE midcap and smallcap indices both increased by 1%.

Market Update

• Bharat Dynamics witnessed a 5.6% decline in turnover for FY24, amounting to Rs 2,350 crore.
• Hero MotoCorp reported a 5.6% year-on-year decrease in sales for March 2024.
• Infosys received a tax demand notice of Rs 341 crore from the Income Tax department.
• Tata Technologies executed a joint venture agreement with BMW Holding B.V., Netherlands.
• NTPC signed a supplementary joint venture agreement, Amendment-II, with UP Rajya Vidyut Utpadan Nigam.
• BASF India entered into a 25-year long-term agreement with Clean Renewable Energy.
• HG Infra Engineering secured a Rs 107 crore order for the construction of solar power plants.
• Sobha received income tax demand notices amounting to Rs 46 crore; the company plans to file an appeal.
• Choice International's subsidiary CCSPL secured a solar plant project worth Rs 520 crore.
• NMDC's iron ore production decreased by 13.2% year-on-year to 4.86 million tonnes.
• CAMS Insurance Repository Services Limited, a wholly-owned subsidiary of Computer Age Management Services, is facilitating the issuance of policies in electronic mode.
• Aeroflex Industries' board approved the acquisition of Hyd-Air Engineering.
• Mankind Pharma's board approved the sale of its OTC business to a subsidiary.
• Jubilant Pharmova received orders for a tax demand of Rs 228.75 crore.
• CSB Bank reported a 21.3% year-on-year growth in Q4 deposits, with gross advances up by 18%.
• Ion Exchange secured a contract worth Rs 250 crore.
• Paytm resumed lending with two partners and is in talks with Muthoot Finance for a fresh tie-up.
• Som Distilleries' board approved the sub-division of equity shares in the ratio of 1:1.
• Shares of Viceroy Hotels are set to resume trading on April 3, 2024.
• SRM Contractors to list on the bourses tomorrow i.e, 3rd April 2024.
• Bharti Hexacom IPO to open for subscription from tomorrow. Bharti Airtel  holds a majority stake of 70% in the company.

Date: 1 April 2024 Stock Market Highlights

The stock market today kicked off the 2024-25 financial year with remarkable momentum. It surged to new heights, marking the third consecutive session of gains. 

• The day ended with Sensex climbing 363.20 points (0.49%) to reach 74,014.55.
• Nifty saw a rise of 135.10 points (0.61%), closing at 22,462.
• Bank Nifty also surged, gaining 453.65 points (0.96%) to settle at 47,578.25.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

Roundup of Stock Market Today

Sector Update

• All sectoral indices except auto closed positively.
• Metal, power, capital goods, healthcare, and realty sectors rose by 1 to 4 percent.
• Oil & gas, information technology, and banking sectors each saw a 0.5 percent increase.
• BSE midcap index increased by 1.6 percent.
• Smallcap index saw a gain of nearly 3 percent.

Market Update

• ICICI Prudential Mutual Fund acquires a 1.26% stake in Cartrade Tech.
• Sterlite Technologies partners with Vocus to expedite the deployment of high-capacity networks in Australia.
• Indian Metals obtains board approval to withdraw the scheme of amalgamation of Utkal Coal.
• Hindustan Aeronautics seals a contract worth Rs 1,173.42 crore with Cochin Shipyard.
• Rail Vikas Nigam's joint venture with Salasar Techno emerges as the lowest bidder for a project valued at $7.15 million.
• EaseMyTrip completes the acquisition of ETrav Tech Limited.
• Bank of India incurs a penalty order of Rs 564.44 crore.
• Adani Total Gas initiates production at the Barsana Biogas Project.
• PNC Infratech receives a payment of Rs 250.3 crore from NHAI as per the Settlement Agreement.
• IOC signs a binding term sheet with Panasonic Energy to manufacture lithium-ion cells in India.
• Zomato faces a GST demand and penalty order of Rs 23.26 crore for FY19.
• GE Power India receives purchase orders worth Rs 24 crore from NTPC Limited and Rs 8.75 crore from Hindustan Zinc Limited.
• Bharat Electronics achieves a record turnover of Rs 19,700 crore.
• Coal India's production increased by 10% to 773.6 MTs in FY 2024.
• Suzlon Energy receives a penalty order of Rs 260.35 crore from the Income Tax Department.
• Biocon obtained UK Health Regulator approval for the Liraglutide solution for injection.
• Hindustan Foods' subsidiary acquires three manufacturing units of SSIPL Retail.
• Datamatics Global Services will acquire a 100% stake in Dextara Digital.
• Indian Hume Pipe receives a tax demand order from the Income Tax Department.
• JSW-MG Motor India JV intends to apply for the new EV manufacturing policy and may consider importing high-end premium electric cars.
• Vimta Labs obtained board approval for the merger of its subsidiary, Emtac Laboratories.
• Karnataka Bank signs an agreement with ICICI Lombard to distribute general insurance products.
• Alembic Pharma receives tentative USFDA approval for a breast cancer drug.
• Genesys International secures an order worth Rs 35 crores to implement a digital twin in Pune City.

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