Active Stocks
Fri Jun 21 2024 15:59:28
  1. Tata Steel share price
  2. 179.85 -1.37%
  1. ITC share price
  2. 419.60 -0.89%
  1. State Bank Of India share price
  2. 836.40 -0.88%
  1. Wipro share price
  2. 490.55 0.01%
  1. ICICI Bank share price
  2. 1,156.85 0.00%
Business News/ Markets / Live Blog/  Market Close Highlights : Benchmark indices close 1% higher; Sensex ends up 940pts, Nifty at 22,640; Bank, FS lead gains
BackBack

Market Close Highlights : Benchmark indices close 1% higher; Sensex ends up 940pts, Nifty at 22,640; Bank, FS lead gains

Market Close Highlights : Foreign institutional investors (FIIs) net sold 3,408.88 crore shares, while domestic institutional investors (DIIs) pumped in 4,356.83 crore on April 26, provisional data from the NSE showed.

Market Close Highlights : Companies reporting results on April 29 inlcude UltraTech Cement, Birlasoft, Can Fin Homes, Fedbank Financial Services, Indostar Capital Finance, Jana Small Finance Bank, KFin Technologies, KPIT Technologies, PNB Housing Finance, Poonawalla Fincorp, Shipping Corporation of India Land and Assets, Shoppers Stop, Spandana Sphoorty Financial, Tata Chemicals, Trent, and UCO Bank. (Image: Pixabay)Premium
Market Close Highlights : Companies reporting results on April 29 inlcude UltraTech Cement, Birlasoft, Can Fin Homes, Fedbank Financial Services, Indostar Capital Finance, Jana Small Finance Bank, KFin Technologies, KPIT Technologies, PNB Housing Finance, Poonawalla Fincorp, Shipping Corporation of India Land and Assets, Shoppers Stop, Spandana Sphoorty Financial, Tata Chemicals, Trent, and UCO Bank. (Image: Pixabay)

Market Close Highlights : The yen slid to the weakest since 1990, putting traders on alert for intervention, while Asian stocks climbed after US equities notched the best weekly rally of 2024.

The Japanese currency fell past 160 per dollar on Monday amid thin liquidity during a public holiday. Traders have been guessing as to when authorities might start buying the yen to stem a slide. Its declines have accelerated since late last week as Bank of Japan Governor Kazuo Ueda played down the impact of the weak yen on fueling inflation.

“Government intervention to stabilize the currency through selling foreign reserves is also looking increasingly likely," economists including Duncan Wrigley from Pantheon Macroeconomics said in a Monday note.

Hong Kong stocks led the region’s rally, with the Hang Seng Index headed for a technical bull market. Chinese benchmarks also jumped. The gains add to signs of a revival in the once-battered market amid a return in foreign money and an improvement in earnings. Property shares surged after major developer CIFI Holdings Group Co. reached a solution with bondholders on its liquidity issues.

US equity futures also edged higher, bolstering Friday gains of more than 1% for the S&P 500 and Nasdaq 100.

Australian and New Zealand bond yields fell. An index of the dollar was steady Monday. US government debt will not trade in Asian hours given the holiday in Japan.

Traders will also be focusing on the Federal Reserve’s policy meeting on Wednesday after the central bank’s preferred measure of inflation rose at a brisk pace in March, though roughly in line with estimates. With officials likely to hold rates steady at a more than two-decade high, interest will be on any pivot in the tone of the post-meeting statement and Chair Jerome Powell’s press conference.

A gauge of US Treasury returns has slumped 2.3% this month, set for the biggest monthly drop since February last year, as hawkish Fedspeak and strong economic data pushed back rate-cut bets. Swaps traders now see only one Fed reduction for all of 2024, well below the roughly six quarter-point cuts they expected at the start of 2024.

Oil fell and gold edged lower in Asian trading as US Secretary of State Antony Blinken steps up efforts to secure a truce in Gaza in meetings in the Middle East on Monday, in what could be a final chance to persuade Israel to call off an attack on Rafah.

29 Apr 2024, 03:46:51 PM IST

Sensex Today Live : Closing Bell Wrap

Sensex Today Live : Indian benchmark indices had a stellar showing on Monday, fuelled by a surge in large-cap bank stocks including ICICI Bank, Axis Bank, IndusInd, and SBI that also took the Nifty Bank index to record high. Both the benchmark indices closed more than 1% higher for the day.

Sensex, which opened higher at 73,982.75, touched an intraday high of 74,721.15 during the day. At close, the Sensex was up 941.12 points, or 1.28%, at 74,671.28.

Meanwhile, the Nifty 50, which had also opened higher at 22,475.55, climbed to an intraday high of 22,655.80 during the trading session. At close, the Nifty 50 was was up 223.45 points, or 1%, at 22,643.40.

Only four stocks, HCLTech, ITC, Wipro, and Bajaj Finserv, closed in the red in the 30-stock Sensex. ICICI Bank, IndusInd Bank, UltraTech Cement, SBI, and Axis Bank were the top gainers for the day.

On the Nifty 50, 18 of the 50 stocks closed in the red. HCLTech, Apollo Hospital Enterprises, Bajaj Auto, HDFC Life and Hero MotoCorp were the top losers, while ICICI Bank, IndusInd Bank, SBI, UltraTech Cement, and Axis Bank were the top gainers for the day.

Among corporates, BSE's shares closed more than 13% down as the markets regulator Sebi asked the exchange to calculate annual turnover amoung based on notional value, and not premium value. The regulator also asked the exchange to pay the differential amount, which the company said, amounted to 66 crore.

Separately, shares of ICICI Bank touched a 52-week high of 1,143.40, while Axis Bank touched a 52-week high of 1,152.85 during the trading session.

Near the close of trading, UltraTech Cement reported a 35% surge in net profit in the fourth quarter of FY24, beating estimates. Its profit climbed to 2,258.58 crore in Q4FY24, from 1,670.10 crore a year earlier, the company said.

Separately, Tata group company Trent posted a net profit at 654.3 crore in Q4FY24, compared to 105 crore in the corresponding quarter the previous year.

The broader market also ended the day in the green, with the BSE MidCap index closing up 0.79% and the BSE SmallCap index closing up 0.07%.

The Bank and Financial Services indices were the top gainers for the day, having climbed 2.54%, and 2.14%, respectively.

Following them in gains was the Oil & Gas index, which closed up 0.97%. That apart, heavyweight indices like Auto and IT closed down 0.15% and 0.26%, respectively, while the Realty index closed down 1%.

FMCG, Health, Pharma, and Consumer Durables indices closed in the green.

29 Apr 2024, 03:12:57 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : The Bank and Financial Services indices were the top gainers for the day, having climed 2.62%, and 2.23%, respectively.

Following them in gains was the Oil & Gas index, which was up 0.94%. That apart, heavyweight indices like Auto, IT, were down 0.12% and 0.24%, while the Realty index was down 1%.

FMCG, Health, Pharma, and Consumer Durables indices were trading in the green.

View Full Image
29 Apr 2024, 03:08:28 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was in the green, with the BSE MidCap index up 0.57% and the BSE SmallCap index up 0.11%. 

View Full Image
29 Apr 2024, 03:07:11 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : 18 of the 50 stocks on the Nifty 50 were in the red. HCLTech, Apollo Hospital Enterprises, Bajaj Auto, HDFC Life and LTIMindtree were the top losers, while ICICI Bank, SBI, UltraTech Cement, IndusInd Bank, and Axis Bank were the top gainers.

View Full Image
29 Apr 2024, 03:05:04 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Only five stocks, HCLTech, Wipro, ITC, Maruti Suzuki India, and Bajaj Finserv, were in the red in the 30-stock Sensex, while ICICI Bank, SBI Bank, UltraTech Cement, IndusInd Bank and Axis Bank were the top gainers. 

View Full Image
29 Apr 2024, 03:02:19 PM IST

Sensex Today Live : 3 pm market update

Sensex Today Live : Indian benchmark were climbing higher on Monday, fuelled by a strong showing by global peers and a raft of robust Q4 results from companies.

At 3 pm, Sensex was up 935.64 points, or 1.27%, at 74,665.80, and Nifty was up 219.70 points, or 0.98%, at 22,639.65.

29 Apr 2024, 02:59:01 PM IST

Sensex Today Live : Anand Rathi Research lowers Cyient target price to ₹2,350 from ₹2,470 earlier

Sensex Today Live : Cyient saw a flattish Q4, with 0.1% q/q growth (-0.5% in CC), which was below estimates. Sustainability and New Growth Areas grew fast, while Transportation (Rail) and Connectivity declined. Rail to be under pressure in FY25, however, relatively less impact would be felt given its reduced contribution to revenue.

The $228m TCV (LTM $902m), up 15% y/y, can help achieve the high single-digit growth guidance. The tenure of TCV is tilted toward shorter durations. The Q4 EBIT margin was flat q/q at 16%, yet improved 90bps y/y, remarkable given the revenue miss.

Management expects higher single digit revenue growth and steady margins in FY25. No meaningful change in DET revenue estimate, however, we trim EBITDA ~4% for FY25/26, to reflect the slower growth environment. Consequently, we lower our TP to 2,350 (from 2,470), valuing DET at 25x FY26e EPS.

29 Apr 2024, 02:52:57 PM IST

Sensex Today Live : Elara Securities India recommends to 'SELL' SBI Cards and Payment Services as business metrics and asset quality weakenl says valuation derating imminent

Sensex Today Live : SBI Cards and Payment Services Rating: SELL

Target Price : 719

Downside : 4%

CMP : 750 (as on 26 April 2024)

Reiterate Sell, TP at INR 719

As challenges refuse to abate, both business and asset quality may remain strained in the next 12-18 months, proving a drag on earnings. SBICARD's cautionary stance on new business acquisition with risk management taking precedence should place it in hibernation mode. Moreover, the ambiguity around Regulatory intervention on cards business would prove a valuation drag. We prune down estimates of Cards o/s CAGR to 12%, spends to 23%, loans to 24%, in turn denting RoAs to fall to 4.7% and RoEs to 21%.

Our FY25-26E estimate is cut 3-6%. We reiterate SELL on the stock. We ascribe a multiple of 21x (earlier 22x) to Sep’25E P/E arriving at a TP of INR 719 [retained].

29 Apr 2024, 02:49:26 PM IST

Sensex Today Live : Elara Securities India recommends to 'ACCUMULATE' Supreme Industries, citing robust volume growth in piping segment

Sensex Today Live : Supreme Industries Rating: ACCUMULATE

Target Price : 4,940

Upside : 12%

CMP : 4,400 (as on 26 April 2024)

Q4 EBITDA margin dropped 220bps YoY to 16.3% due to lower sales realization YoY (down 13%). But margin came in ahead of our expectations of 15.6%, aided by operational leverage in fuel costs. The management expects FY25 EBITDA margin at 15.5% (20bps YoY) and anticipates PVC prices to remain stable in the near term.

We raise FY25E/26E earnings estimates 5%/6% to factor in higher revenue growth and better margin. We upgrade SI to Accumulate from Reduce led by robust volume growth outlook. We up TP to 4,940 (from 4,300), on 40x FY26E P/E as we roll-forward to March’26.

29 Apr 2024, 02:44:23 PM IST

Sensex Today Live : Pritesh Thakkar, Research Analyst - Institutional Equities at Prabhudas Lilladher says Margins are likely to be under pressure for HCLTech, assumes 'ACCUMULATE' rating for the company

Sensex Today Live : HCL Technologies Rating: ACCUMULATE | CMP: 1,474 | TP: 1,550

Given its defensive business mix and resilient vertical portfolio, HCLT is well positioned to capture the boarder market theme and participate in the critical aspects of enterprise operations. Although the first-half seems to be challenging and requires more heavy lifting in the second half.

Even if it delivers at the mid-range of the revenue guidance, it would end up achieving growth near to its peer’s average. However, the valuation gap is quite meaningful between 1-year forward PE (23x) and its 10-year median (16x), otherwise any correction from here would make the valuations even more attractive.

We are baking in USD revenue growth of 4.5% and 9.5% YoY with margin improvement of 10bps and 80bps for FY25e and FY26e, respectively. The stock is currently trading at 21x FY26e, we are assigning PE of 22x to FY26e with a target price of 1,550. With that we assume coverage on HCL Tech with an “ACCUMULATE" rating.

29 Apr 2024, 02:37:13 PM IST

Sensex Today Live : Gaurav Jani , Research Analyst at Prabhudas Lilladher, says ICICI Bank's NIM and credit costs could surprise positively, reiterated 'BUY' rating

Sensex Today Live : ICICI Bank Rating: BUY | CMP: 1,108 | TP: 1,450

ICICI Bank saw a strong quarter again; core PPoP was a 5.7% beat led by lower opex and higher NII (due to better treasury management).

Loan growth was softer at 2.7% YoY (PLe 4.3%) due to moderation in unsecured and reduction in NBFC exposure.

Balance sheet profile has further improved since (1) share of retail/SME has increased from 73.6% in FY23 to 75.4% in FY24 (2) LDR has reduced to 83.8% (86.6% in Q3’24) due to healthy deposit growth of 6% QoQ led by strong CASA growth of 13% and (3) LCR is adequate at 123%. Opex intensity is likely to reduce; as we lower opex for FY25/26E by ~3% we see a 12.7% CAGR in opex (21% over FY22-24).

Hence our core PAT for FY25/26E is raised by ~4.5%. Likely RoA/RoE for FY26E at 2.1%/17.2% remains one of the best-in-class. Maintaining multiple at 3.0x, we raise SOTP based TP to 1,450 from 1,300 as we roll forward to Mar’26 core ABV. Reiterate ‘BUY’.

29 Apr 2024, 02:28:33 PM IST

Sensex Today Live : Gland Pharma appoints Satnam Singh Loomba as COO

Sensex Today Live : Gland Pharma today announced the appointment of Satnam Singh Loomba as the chief operating officer of the company in an exchange filing.

29 Apr 2024, 02:23:34 PM IST

Sensex Today Live : ICRA subsidiary Pragati Development Consulting gets Sebi approval to provide ESG ratings

Sensex Today Live : ICRA today announced that its subsidiary Pragati Development Consulting Services has received approval from the Securities and Exchange Board of India to become an ESG rating provider.

In an exchange filiing, the company said, "We wish to inform you that SEBJ has granted its approval for registration of PDCSL as a Category-I ERP under the SEBI's Credit Rating Agencies Regulations. PDCSL had applied for the ERP registration in September 2023".

29 Apr 2024, 02:07:38 PM IST

Sensex Today Live : TIPS industries reports PAT growth of 41% at ₹25.8 crore

Sensex Today Live : TIPS industries reports PAT growth of 41% at 25.8 crore, up from 18.3 crore in the year ago period.

Quarterly revenue growth of 22% YoY at 63.3 crore. Revenue for FY24 stood at 241.6 crore, up 29% YoY.

The dividend for FY24 stood at 6 per share taking the dividend payout ratio to 60.6%. As a part of our ongoing efforts to reward our shareholders the company has announced a share buyback at 625 per share, in which the promoters will not be participating.

29 Apr 2024, 02:02:07 PM IST

Sensex Today Live : 2 pm market update

Sensex Today Live : Indian benchmark were climbing higher on Monday, fuelled by a strong showing by global peers and a raft of robust Q4 results from companies.

At 2 pm, Sensex was up 875.27 points, or 1.19%, at 74,605.43, and Nifty was up 193.55 points, or 0.86%, at 22,613.50.

29 Apr 2024, 01:55:54 PM IST

Sensex Today Live : Computer Age Management Services (CAMS) appoints new chief technology officer and chief information security officer

Sensex Today Live : Computer Age Management Services (CAMS) today announced the appointment of new chief technology officer and chief information security officer.

In an exchange filing, the company said, it has appointed Deepak Kumar Singh as the chief information security officer, and Pullakurthi Srinivasa Reddy as the company's chief technology officer.

29 Apr 2024, 01:44:47 PM IST

Sensex Today Live : AVG Logistics secures ₹50 crore contract from top appliance manufacturer to transport white goods; shares climb

Sensex Today Live : AVG Logistics announced today that it has secured a contract from a leading electrical appliance manufacturer to transport electrical appliances of the compant.

Under the agreement, AVG will deploy rail transportation to ensure the safe, reliable, and efficient movement of a range of appliances including washing machines, air conditioners, refrigerators, dishwashers, and other household appliances with contract value of approximately 50 crore to be served over a period of 3 years, the company said in an exchange filing.

29 Apr 2024, 01:41:04 PM IST

Sensex Today Live : KPIT Technologies net profit jumps 23% YoY to ₹157.59 crore; shares climb

Sensex Today Live : Q4 net profit at 157.59 crore, up 23.44% YoY from 127.66 crore and down 16.12% QoQ from 187.87.

FY24 net profit at 617.43 crore, up 41.8% from 435.43 crore in FY23.

29 Apr 2024, 01:01:42 PM IST

Sensex Today Live : 1 pm market update

Sensex Today Live : Indian benchmark were climbing higher on Monday, following robust Q4 results from some companies and a strong showing by global peers.

At 1 pm, Sensex was up 697.81 points, or 0.95%, at 74,427.97, and Nifty was up 154.90 points, or 0.69%, at 22,574.85.

29 Apr 2024, 12:47:52 PM IST

Sensex Today Live : Orissa Bengal Carrier shares climb 20% after company signs agreement with Ambuja Cement to transport 1.8 lakh metric tons of material

Sensex Today Live : Orissa Bengal Carrier today announced that it has entered into a contract to transport around 1.8 lakh metric tons of materials for Ambuja Cement.

29 Apr 2024, 12:39:52 PM IST

Sensex Today Live : IREDA shares surge on getting 'Navratna' PSU status

Sensex Today Live : The Department of Public Enterprises (DPE) in its letter dated April 26 granted the ‘Navratna’ status to Indian Renewable Energy Development Agency (IREDA).

29 Apr 2024, 12:22:33 PM IST

Sensex Today Live : ICICI Bank, Axis Bank hit 52-week high after both banks post stellar Q4 resutls

Sensex Today Live : Shares of ICICI Bank touched a 52-week high of 1,143.40, while Axis Bank touched a 52-week high of 1,152.85, following stellar Q4 numbers from both of them.

29 Apr 2024, 12:15:34 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Barring Realty, Healthcare, FMCG and IT, all other sectoral indices were in the green. The Bank index had gained the most at 1.59%, followed by the Financial Services index, which was up 1.29%. The Oil & Gas was up 1.03%.

View Full Image
29 Apr 2024, 12:12:49 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was in the green, with the BSE MidCap index up 0.50%, and the BSE SmallCap index up 0.18%. 

View Full Image
29 Apr 2024, 12:11:23 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : 19 of the 50 stocks on the Nifty 50 were in the red. Apollo Hospitals Enterprises, HCLTech, HDFC Life, Bajaj Auto, and Adani Ports & SEZ were the top drags, while ICICI Bank, IndusInd Bank, BPCL, Axis Bank, and Tech Mahindra, were the top gainers. 

View Full Image
29 Apr 2024, 12:09:06 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Only four stocks, HCLTech, ITC, Wipro, and Bajaj Finserv, were in the red on the 30-stock BSE Sensex, while ICICI Bank, IndusInd Bank, Tech Mahindra, UltraTech Cement, and Axis Bank were the top gainers. 

View Full Image
29 Apr 2024, 12:02:11 PM IST

Sensex Today Live : 12 pm market update

Sensex Today Live : Indian benchmark were climbing higher on Monday, following robust Q4 results from some companies and a strong showing by global peers.

At 12 pm, Sensex was up 641.21 points, or 0.87%, at 74,371.37, and Nifty was up 135.60 points, or 0.6%, at 22,555.55.

29 Apr 2024, 11:45:28 AM IST

Sensex Today Live : Indiabulls Real Estate shares down more than 3% after company's revenue declined 80% YoY

Sensex Today Live : The company reported a net loss of 302 crore for the quarter ending March FY24, an improvement from a loss of 376 crore in the same period last fiscal year. However, the company's operational revenue saw a significant decrease, falling by 80.6% year over year to 21 crore for the quarter.

29 Apr 2024, 11:21:57 AM IST

Sensex Today Live : IndiGo appoints Isidro Pablo Porqueras Orea as Chief of Transformation

Sensex Today Live : IndiGo today announced the appointment of Isidro Pablo Porqueras as the Chief of Transformation for the company.

Orea was with Volotea, one of the fastest growing airlines in Europe, from 2016-2023, where he as serving as their COO for the past five years.

29 Apr 2024, 11:17:40 AM IST

Sensex Today Live : Shakti Pumps shares hit 5% upper circuit after company posts 41-fold YoY jump in net profit

Sensex Today Live : The company has reported a significant 41-fold year-on-year surge in net profit, reaching 89.7 crore for the quarter ending March FY24, driven by robust operational performance. The company's operational revenue saw more than a threefold increase to 609.3 crore, up from 182.7 crore in the same period. EBITDA also saw a nearly twelvefold rise to 130.7 crore from 11 crore, with a margin expansion of 1,550 basis points, standing at 21.5%. The company has proposed a final dividend of Rs. 4 per share.

29 Apr 2024, 11:08:28 AM IST

Sensex Today Live : Dilip Buildcon wins ₹53.69 crore arbitration award in a dispute with NHAI related to the execution of Four /Six laning of sections in NH-211 in Maharashtra

Sensex Today Live : Dilip Buildcon announced today that it has won an award of 53.69 crore in a dispute related to the execution of a project of Four /Six laning of a section of NH-211 in Maharashtra.

However, the company added that the award may be challenged by the National Highways Authority of India in accordance with the provisions of Arbitration and Conciliation Act 1996, in which case it will appropriately defend the matter.

29 Apr 2024, 11:02:23 AM IST

Sensex Today Live : 11 am market update

Sensex Today Live : Indian benchmark were climbing higher on Monday, following robust Q4 results from some companies and a strong showing by global peers.

At 11 am, Sensex was up 522.19 points, or 0.71%, at 74,252.35, and Nifty was up 110.35 points, or 0.49%, at 22,530.30.

29 Apr 2024, 11:00:41 AM IST

Sensex Today Live : Gland Pharma receives approval for injection to control luteinizing hormone surges in women undergoing controlled ovarian stimulation

Sensex Today Live : Gland Pharma announced today that it has received approval from the US FDA for Cetrorelix Acetate for Injection, 0.25 mg/vial, Single-Dose Vial. The product is bioequivalent and therapeutically equivalent to the reference listed drug (RLD), Cetrotide for Injection, 0.25 mg/vial, of EMD Serono, Inc., the company said in an exchange filing.

It added that it expects to launch the product in the near-term through its marketing partner.

The company informed that Cetrorelix Acetate for Injection is used to prevent premature LH surges in women undergoing controlled ovarian stimulation.

29 Apr 2024, 10:55:56 AM IST

Sensex Today Live : Param Desai, Senior Research Analyst, Prabhudas Lilladher, says Apollo Hospitals' decision to merge promoter group entity is a positive step, retains 'BUY' rating

Sensex Today Live : Rating: BUY | CMP: 6,259 | TP: 7,050

Apollo hospitals enterprise’s wholly-owned subsidiary Apollo HealthCo has entered into an agreement to raise equity capital of 2475 crore ($300 million) from Advent International for a 16.8% stake. In addition, AHL has also proposed integration of promoter group entity Keimed Pvt Ltd into AHL in a phased manner. This will create a leading integrated pharmacy distribution business complemented by fast growing omni-channel digital health business.

"While the stake sale of AHL to Advent was done below our estimates by $0.8-0.9 billion; likely merger of Keimed with AHL is a positive step and removes overhang of any leakage. Further management guidance of 1,750-2,000 crore EBITDA of merged entity by FY27 provides comfort. Maintain Buy rating with TP of 7,050 per share.

29 Apr 2024, 10:49:56 AM IST

Sensex Today Live : ICICI Bank shares up more than 2% after company's net profit increased 17.4% YoY

Sensex Today Live : The private sector bank reported a standalone net profit of 10,707.5 crore for the quarter ending March FY24, representing a 17.4% increase from the same period last year, primarily due to reduced provisions for bad loans. The bank's earnings exceeded market expectations. The net interest income for the quarter rose by 8.07% YoY to 19,093 crore. The bank also saw an improvement in asset quality, with the gross NPA dropping 14 bps sequentially to 2.16 percent and the net NPA decreasing 2 bps to 0.42 percent in Q4 FY24.

29 Apr 2024, 10:44:27 AM IST

Sensex Today Live : Supreme Industries shares jump nearly 9% after company posts 16% YoY increase in revenues

Sensex Today Live : Supreme Industries revenue increased 16% YoY in the quarter ending in March 31. It jumped to 3,007.9 crore from 2,598.3 crore.

The company's consolidated net profit dipped slightly by 1.3%, at 354.8 crore, down from the previous year.

The company also reported a substantial volume growth. The pipes division, in particular, grew by 41% YoY, surpassing the 30% estimated by analysts. Overall, the company's volumes witnessed a 33% YoY increase.

29 Apr 2024, 10:27:28 AM IST

Sensex Today Live : Yes Bank shares up more than 4% after company posts 123% YoY jump in net profit in Q4FY24

Sensex Today Live : Yes Bank announced a substantial 123% YoY increase in net profit, amounting to 452 crore for the quarter ending March 31. This growth was partially driven by an increase in other income and a reduction in provisions. During the same period, the bank's net interest income saw a 2.3% rise, reaching 2,153 crore. The bank's asset quality improved significantly over the quarter, with the gross NPA dropping 30 basis points QoQ to 1.7 %, and the net NPA decreasing 30 basis points sequentially to 0.60%.

29 Apr 2024, 10:12:46 AM IST

Sensex Today Live : IDFC First Bank shares down more than 5% after company posts nearly 10% YoY decrease in net profit

Sensex Today Live : The bank reported a net profit of 724 crore for the quarter ending March FY24, marking a 9.8% decrease from the same period in the previous fiscal year due to increased provisions. The bank's net interest income saw a YoY increase of 24%, reaching 4,469 crore for the quarter. The bank's asset quality improved significantly, with the gross NPA decreasing by 16 basis points QoQ to 1.88%, and the net NPA dropping by 8 basis points sequentially to 0.60% for the quarter.

29 Apr 2024, 10:01:28 AM IST

Sensex Today Live : 10 am market update

Sensex Today Live : Indian benchmark had climbed higher on Monday, following robust Q4 results from some companies and following a strong showing by global peers.

At 10 am, Sensex was up 280.86 points, or 0.38%, at 74,011.02, and Nifty was up 30.90 points, or 0.14%, at 22,450.85.

29 Apr 2024, 09:49:04 AM IST

Sensex Today Live : SBI Cards shares down more than 3% after company reports 11% YoY growth in net profit

Sensex Today Live : The company reported a net profit of 662 crore in the quarter ending March 31, representing an 11% growth compared to the same period in the previous fiscal year, thanks to robust operational performance. The company's operational revenue for the quarter also saw a rise, reaching 4,348 crore, marking a 15.6% year-over-year increase.

29 Apr 2024, 09:46:30 AM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Barring Realty, Healthcare, Auto, and FMCG, all other indices were in the green.

The Bank and Financial Services indices had climbed 0.69% and 0.58%, respectively.

View Full Image
29 Apr 2024, 09:43:33 AM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was trading in the green, with the BSE MidCap index gaining 0.46%, and the BSE SmallCap index gaining 0.28%. 

View Full Image
29 Apr 2024, 09:36:05 AM IST

Sensex Today Live : BSE shares fall 16% as Sebi asks exchange company to calculate annual turnover based on notional value, not premium value

Sensex Today Live : The Securities and Exchange Board of India (Sebi), on April 26, asked BSE to pay its regulatory fee to the markets regulator based on the annual turnover calculated from the "notional value" of options contracts.

The regulator's letter says that BSE has been calculating the annual turnover based on premium value for options contracts.

29 Apr 2024, 09:32:25 AM IST

Sensex Today Live : Apollo Hospitals' shares down more than 5% as Advent International plans to buy ₹2,475 crore stake in subsidiary

Sensex Today Live : Apollo HealthCo, also known as Apollo 24/7 or AHL, a subsidiary of Apollo Hospitals Enterprise, has signed a binding agreement to secure an equity capital of 2,475 crore from Advent International, a global private equity investor. Further, Apollo 24/7 plans to integrate Keimed, a wholesale pharmaceutical distributor, into its operations in a gradual process over the next 24 to 30 months. Advent will make investments in two stages through compulsory convertible instruments, acquiring a 12.1% stake in the combined entity. The merged entity is valued at an enterprise value of 22,481 crore.

29 Apr 2024, 09:25:51 AM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : Nine of the 50 stocks on the Nifty 50 were in the red. Apollo Hospital Enterprises, HCLTech, Mahindra & Mahindra, Bajaj Auto, and Eicher Motors, were the top losers, while Tech Mahindra, SBI Life, ICICI Bank, Divi's Laboratories, and Maruti Suzuki India, were the top gainers.

View Full Image
29 Apr 2024, 09:23:51 AM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Only four stocks, HCLTech, Mahindra & Mahindra, Bajaj Finserv, and Bajaj Finance, were in the red on the 30-stock Sensex, while Tech Mahindra, Maruti Suzuki India, Tata Steel, ICICI Bank, and NTPC, were the top gainers. 

View Full Image
29 Apr 2024, 09:21:19 AM IST

Sensex Today Live : HCLTech shares down more than 3%, after company reports weak Q4 results

Sensex Today Live : The IT services firm announced a net profit of 3,986 crore for the quarter ending March FY24. This represents an 8.4 percent decrease from the previous quarter, primarily due to underwhelming operational figures, and the overall results were below market forecasts. The company's operational revenue saw a marginal sequential growth of 0.2%, reaching 28,499 crore for the quarter. Dollar revenue growth was at 0.4%, and revenue in constant currency terms increased by 0.3% QoQ. The board has proposed an interim dividend of 18 per share for FY24. For FY25, HCL Tech anticipates revenue growth in constant currency terms in the range of 3-5 percent and an EBIT margin of 18–19 percent.

29 Apr 2024, 09:18:24 AM IST

Sensex Today Live : Glenmark receives US FDA approval for Acetaminophen and Ibuprofen tablets

Sensex Today Live : Glenmark Pharmaceuticals announced todat that it has received final approval from the US FDA for Acetaminophen and Ibuprofen Tablets, 250 mg/125 mg (OTC), determined by the FDA to be bioequivalent to Advil Dual Action with Acetaminophen Tablets, 250 mg/125 mg (OTC), of Haleon US Holdings, LLC.

According to Nielsen syndicated data for the latest 52 weeks period ending March 23, 2024, the Advil Dual Action with Acetaminophen Tablets, 250 mg/125 mg (OTC) market achieved annual sales of approximately $84.1 million, the company said in an exchange filing.

29 Apr 2024, 09:17:50 AM IST

Sensex Today Live : Opening Bell

Sensex Today Live : Indian benchmark indices opened higher on Monday, tracking global peers up.

At opening bell, Sensex was up 228.03 points, or 0.31%, at 73,958.19 and Nifty was up 61.70 points, or 0.28%, at 22,481.65.

29 Apr 2024, 09:10:18 AM IST

Sensex Today Live : Benchmark indices climb at pre-open

Sensex Today Live : Indian benchmark indices climbed at pre-open on Monday, following global markets higher.

Sensex was up 275.64 points, or 0.37%, at 74,005.80 and Nifty was up 55.60 points, or 0.25%, at 22,475.55 during pre-open.

Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started