Stock Market Today

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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