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Business News/ Markets / Live Blog/  Sensex Today Live Updates : Sensex ends down 620pts, Nifty at 22,490; Barring Bank, Media, all sector close in the red
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Sensex Today Live Updates : Sensex ends down 620pts, Nifty at 22,490; Barring Bank, Media, all sector close in the red

Sensex Today Live Updates : On May 29, FIIs net sold 5,842 crore, and DIIs net bought 5,234 crore worth of equities, as per provisional data from NSE. Overall, FIIs bought 14,162 crore and sold 20,004 crore, while DIIs bought 12,954 crore and sold 7,720 crore worth of equity.

Sensex Today Live Updates : Companies reporting results on Thursday, May 30, include Apollo Hospitals Enterprise, Bharat Dynamics, Godfrey Phillips India, Hinduja Global Solutions, Muthoot Finance, Marksans Pharma, Concord Drugs, Lux Industries, Salasar Techno Engineering, Suven Pharmaceuticals, Gateway Distriparks, Plaza Wires, Sunteck Realty, Swan Energy, Tarsons Products, TBO Tek, and Welspun Corp, among the 900 companies reporting results today. (Photo: HT)Premium
Sensex Today Live Updates : Companies reporting results on Thursday, May 30, include Apollo Hospitals Enterprise, Bharat Dynamics, Godfrey Phillips India, Hinduja Global Solutions, Muthoot Finance, Marksans Pharma, Concord Drugs, Lux Industries, Salasar Techno Engineering, Suven Pharmaceuticals, Gateway Distriparks, Plaza Wires, Sunteck Realty, Swan Energy, Tarsons Products, TBO Tek, and Welspun Corp, among the 900 companies reporting results today. (Photo: HT)

Sensex Today Live Updates : European stocks steadied on Thursday as bonds regained some ground after a sell-off the day before on bets that global interest rates would stay higher for longer due to stickier inflation readings.

The dollar softened slightly as U.S. Treasury yields slipped back while commodity prices came under pressure on renewed expectations that the Federal Reserve is unlikely to cut rates any time soon.

The latest slowdown in the global risk rally has come on the back of data pointing to lingering inflationary pressures across major economies and a flood of bond sales lifting yields.

"There are two forces colliding here," said Ben Laidler, global markets strategist at eToro.

"It's being driven by the very heavy government bond issuance and markets that are still afraid of interest rates staying higher for longer and sticky inflation."

But for now, bond markets have steadied, which has supported equity markets in Europe.

The pan-European STOXX 600 rose just under 0.2%, having fallen over 1% on Wednesday. Germany's DAX, France's CAC and Britain's FTSE 100 eked out gains of 0.1%-0.2%.

Wall Street futures were soft, with S&P and Nasdaq eminis both shedding around 0.5%.

Germany's 10-year bund yield, which earlier touched a six-month high at 2.687%, was down 2 basis points to 2.664%. Bond yields move inversely to prices.

Data on Wednesday showed German inflation rose slightly more than forecast to 2.8% in May, ahead of the closely watched wider euro zone bloc's reading on Friday.

A higher-than-forecast inflation reading on Friday is unlikely to derail the European Central Bank from lowering borrowing costs next week but could have implications for future policy moves.

"The stickiness of services inflation remains a source of concern," eToro's Laidler said.

"It's not enough to stop the ECB from cutting next week but it does call into question how quickly and how far they go after that."

Markets are pricing in around 60 basis points of easing from the ECB this year, implying two quarter-point rate cuts and around a 40% chance of a third.

The main highlight of the week for markets, however, is Friday's U.S. core personal consumption expenditures (PCE) price index report - the Fed's preferred measure of inflation. Expectations are for it to hold steady on a monthly basis.

"If we look at data that has led us to this point, I have a hard time believing a softer-than-expected PCE report will arrive on Friday," said Matt Simpson, senior market analyst at City Index.

"From this perspective, PCE not ticking higher could be a welcome surprise. But should it heat up further from sticky levels, appetite for risk will be taken out the back for a good kicking."

U.S. Treasury yields dipped on Thursday having risen over 8 bps the day before, in part due to a weak debt auction. The benchmark 10-year yield was last at 4.5898%, while the two-year yield stood at 4.9601%.

Japanese government bond (JGB) yields notched fresh multi-year peaks on growing expectations that further rate hikes from the Bank of Japan could be imminent.

The 10-year JGB yield peaked at 1.1% in early Asia trade, its highest since July 2011.

In the currency market, the dollar softened, having earlier knocked the euro to an over two-week low of $1.07885.

The yen last stood at 157.06 per dollar, having slid to a four-week low of 157.715 in the previous session.

The dollar index, which measures the currency against six others including the euro and yen, was down 0.1%, after a 0.5% jump the day before.

Oil prices lost ground on worries over weak U.S. gasoline demand and higher-for-longer interest rates.

Brent fell 0.4% $83.24 per barrel while U.S. crude eased a similar amount to $78.92 a barrel. Spot gold similarly fell 0.2% to $2,333.28 an ounce.

30 May 2024, 03:47:22 PM IST

Sensex Today Live : Closing Bell Wrap

Sensex Today Live : Indian benchmark indices were fell through the day to close in the red for the fifth straight session on Thursday, weighed down by the double whammy of global and domestic uncertainty.

Global markets were treading with caution on expectations of higher-for-longer interest rates due to stickier inflation, while domestic sentiment was marred by the uncertainty surrounding the ongoing 2024 Lok Sabha elections.

Vinod Nair, Head of Research, Geojit Financial Services, said: "The benchmark index is taking cues from the US market as treasury yields continue to climb following the stickiness of global inflation, delaying the central bank’s interest rates cut policy. Meanwhile, the broader market continued the weak trend, led by profit booking, due to feeble closing of monthly expiry owing to lack of interest to hold short-term positions, as exit poll is slated in the weekend."

Sensex, which had opened lower at 74,365.88, remained volatile between a low of 73,668.73 and a high of 74,493.55. At close, the 30-stock BSE Sensex was at 73,885.60, down 617.30 points, or 0.83%.

Similarly, the Nifty 50, which had opened lower at 22,617.45, traded between a high of 22,705.75 and a low of 22,417.00, through the day. At close, the Nifty 50 was at 22,488.65, down 216.05 points, or 0.95%.

Seven stocks, ICICI Bank, Axis Bank, HDFC Bank, SBI, Bharti Airtel, Larsen & Toubro, and Kotak Mahindra Bank, out of the 30 stocks on the BSE Sensex closed in the green, while Tata Steel, Tech Mahindra, Power Grid Corp., Bajaj Finserv, and Wipro were the top drags for the day.

10 out of the 50 stocks on the Nifty 50 ended in the green. , ICICI Bank, Axis Bank, SBI, HDFC Bank, and Bharti Airtel were the top gainers, while Tata Steel, Tech Mahindra, Grasim Industries, Bajaj Finserv, and Wipro, were the top drags for the day.

Meanwhile, the broader market also ended deep in the red, with the BSE SmallCap down 1.33% and the BSE MidCap down 1.21%.

That apart, across sectors, barring Bank and Media, all other sectoral indices closed in the red for the day.

The Metal index closed down more than 3%, IT index was down more than 2%, and Healthcare, Pharma, Consumer Durables, Oil & Gas, FMCG and Auto indices closed down more than 1% each.

In corporate news, Godfrey Phillips reported Q4 revenues at 965.7 crore, up 21% compared to 796.1 crore in the year ago period, while net profit increased 46% to 214.2 crore, from 147 crore in the year ago period.

30 May 2024, 03:22:15 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Barring Bank and Media, all other sectoral indices were trading in the red, with the Metal index down more than 3%, IT index down more than 2%, and Healthcare, Pharma, Consumer Durables, Oil & Gas, FMCG and Auto indices down more than 1% each.

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30 May 2024, 03:16:11 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market indices were trading in the red, with the BSE SmallCap down 1.24% and the BSE MidCap down 1.16%. 

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30 May 2024, 03:10:12 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : Eight stocks, ICICI Bank, Axis Bank, HDFC Bank, SBI, Kotak Mahindra Bank, Larsen & Toubro, Eicher Motors, and Hero MotoCorp, out of the 50 on the Nifty 50 were trading in the green, while Tata Steel, Power Grid Corp., Tech Mahindra, Titan, and Shriram Finance, were the top drags. 

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30 May 2024, 03:07:17 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Seven stocks, ICICI Bank, Axis Bank, SBI, HDFC Bank, Bharti Airtel, Kotak Mahindra Bank, and Larsen & Toubro, out of the 30 stocks on the BSE Sensex were trading in the green, while Tata Steel, Power Grid Corp., Tech Mahindra, Titan, and Bajaj Finance, were the top drags.  

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30 May 2024, 03:02:15 PM IST

Sensex Today Live : 3 pm market update

Sensex Today Live : Indian benchmark indices were trading deep in the red on Thursday, weighed down by weak signals from global markets.

At 3 pm, Sensex was down 767.73 points, or 1.03%, at 73,735.17 and Nifty was down 267.10 points, or 1.18%, at 22,437.60.

30 May 2024, 02:57:09 PM IST

Sensex Today Live : Godfrey Phillips posts 46% jump in Q4 net profit at ₹214.2 crore; shares up

Sensex Today Live : Godfrey Phillips reported Q4 revenues at 965.7 crore, up 21% compared to 796.1 crore in the year ago period

Net profit increased 46% to 214.2 crore, from 147 crore in the year ago period

30 May 2024, 02:39:13 PM IST

Sensex Today Live : In a market segment with its ear to the ground, apprehension is rising

Sensex Today Live : Market sectors known for accurate predictions are showing signs of apprehension as the final round of voting and exit polls approach. Over the past few months, retail and affluent investors have been actively purchasing Nifty and Bank Nifty futures contracts, banking on a strong win for the Narendra Modi government.

However, in a surprising turn of events over the past two weeks, most of these contracts have been discarded, possibly indicating an expectation of a different election result. (Read the full story here.)

30 May 2024, 02:24:56 PM IST

Sensex Today Live : Mahindra Logistics to form JV with Japan-based Seino Holdings to offer warehousing and trucking services to Japanese automobile companies; shares up

Sensex Today Live : Mahindra Logistics today announced that it has executed a Joint Venture Agreement with Seino Holdings Co., Ltd, Japan to enable the formation of a Joint Venture company in India, for carrying out the business of providing warehousing and trucking services and related services primarily to Japanese automobile companies and Japanese auto ancillary companies and their respective automobile and auto ancillary Affiliates in India.

In an exchange filing, the company said it will hold 50% in the proposed JV company, and the balance 50% will be held by Seino.

30 May 2024, 02:01:50 PM IST

Sensex Today Live : 2 pm market update

Sensex Today Live : Indian benchmark indices were trading in the red on Thursday, following weak signals from global markets.

At 2 pm, Sensex was down 473.9 points, or 0.64%, at 74,029 and Nifty was down 165.05 points, or 0.73%, at 22,539.65.

30 May 2024, 01:39:50 PM IST

Sensex Today Live : Alembic Pharmaceuticals receives USFDA final approval for heart failure treatment tablets Sacubitril and Valsartan; shares up

Sensex Today Live : Alembic Pharmaceuticals today announced that it has received final approval from US FDA for its Abbreviated New Drug Application (ANDA) for Sacubitril and Valsartan Tablets, 24 mg/26 mg, 49 mg/51 mg, and 97 mg/103 mg.

The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Entresto Tablets, 24 mg/26 mg, 49 mg/51 mg, and 97 mg/103 mg, of Novartis Pharmaceuticals Corporation (Novartis).

Sacubitril and Valsartan Tablets are indicated to reduce the risk of cardiovascular death and hospitalization for heart failure in adult patients with chronic heart failure, the company said in an exchange filing.

It is also indicated for the treatment of symptomatic heart failure with systemic left ventricular systolic dysfunction in paediatric patients aged one year and older.

Sacubitril and Valsartan Tablets have an estimated market size of $5.3 billion for twelve months ending March 2024 according to IQVIA, the company added.

30 May 2024, 01:19:45 PM IST

Sensex Today Live : Emami shares spike 16% after company posts robust Q4 numbers

Sensex Today Live : Emami reported a 3.1% increase in its Q4 profit at 148.90 crore, compared to 144.43 crore in Q4FY23.

The company’s operational revenue rose by 6.6% to 891.24 crore from 835.95 crore in the same period last year.

Despite total expenses of 680.26 crore, the company managed to achieve volume-led profit growth, with total income standing at 901.94 crore.

In Q4FY24, gross margins expanded by 270 basis points to 65.8%. Despite a 39% increase in A&P spends due to strong brand investments, EBITDA rose by 6% to 211 crore.

30 May 2024, 01:01:52 PM IST

Sensex Today Live : 1 pm market update

Sensex Today Live : Indian benchmark indices were trading in the red on Thursday, following weak signals from global markets.

At 1 pm, Sensex was down 318.22 points, or 0.43%, at 74,184.87 and Nifty was down 108.80 points, or 0.48%, at 22,595.90.

30 May 2024, 12:56:20 PM IST

Sensex Today Live : Elara Securities India recommends to 'BUY' Shalby, says outlook remains positive

Shalby Rating: BUY

Target Price : 364

Upside : 36%

CMP : 268 (as on 29 May 2024)

Strong FY25 outlook

We reduce our FY25E core EPS by 2% but raise our FY26E core EPS by 3% and introduce FY27 estimates. SHALBY currently trades at 27x FY25E core P/E. Our TP of 364 is based on 30x FY26E core P/E plus cash per share. Worsening demand in the hospitals space is a key risk.

30 May 2024, 12:42:08 PM IST

Sensex Today Live : GDP grew 7.9% in FY24 despite slower January-March: Mint poll

Sensex Today Live : Despite a slower fourth quarter, the Indian economy is projected to have concluded the previous fiscal year robustly, as per a Mint economists’ survey.

The GDP growth rate for January-March is estimated to have decelerated to 7.0% from 8.4% in the preceding quarter, primarily due to a slowdown in industrial growth and subdued agricultural activities, as per the median estimate of 20 economists.

Nevertheless, consistent strong growth throughout the year, with three out of four quarters registering over 8% growth, is expected to push the GDP growth rate to 7.9% in FY24, up from 7.0% in the previous year, according to 19 economists’ estimates.

The GDP data for January-March and FY24 is set to be released on May 31. (Read the full story here.)

30 May 2024, 12:40:51 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Across sectors, barring bank and media indices, all the other sectoral indices were trading in the red. The metal index had fallen more than 2%, while IT, pharma, healthcare and consumer durables indices were down more than 1%.

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30 May 2024, 12:11:31 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was in the red, with the BSE SmallCap index losing 0.80% and the BSE MidCap falling 0.63%. 

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30 May 2024, 12:09:42 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : Only six stock, ICICI Bank, Bharti Airtel, HDFC Bank, Kotak Mahindra Bank, SBI, and Axis Bank, out of the 50 on the Nifty 50 were trading in the green, while Tata Steel, Shriram Finance, Titan, Nestle India, and Power Grid Corp., were the top drags. 

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30 May 2024, 12:06:37 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Only six stocks, ICICI Bank, Bharti Airtel, Kotak Mahindra Bank, HDFC Bank, SBI and Axis Bank, out of the 30 on the BSE Sensex were trading in the green, while Tata Steel, Titan, Power Grid Corp., JSW Steel, and Nestle India, were the top gainers. 

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30 May 2024, 12:02:07 PM IST

Sensex Today Live : 12 pm market update

Sensex Today Live : Indian benchmark indices were trading in the red on Thursday, following weak signals from global markets.

At 12 pm, Sensex was down 429.03 points, or 0.58%, at 74,073.87 and Nifty was down 150.40 points, or 0.66%, at 22,554.30.

30 May 2024, 11:54:59 AM IST

Sensex Today Live : BJP-led NDA likely to win Lok Sabha election 2024, says Phillip Capital, recommends over 50 stocks to buy

Sensex Today Live : In light of the current uncertainty surrounding the Lok Sabha election results, Phillip Capital, a brokerage firm, has predicted a high likelihood of the BJP-led NDA returning to power in 2024. The firm suggests that investors should seize the opportunity to buy stocks during market corrections, given the strong prospects of political stability.

The brokerage further stated, “With the expectation of a stable alliance under Modi’s leadership for the next five years, we advise purchasing equities during significant market dips. We foresee no possibility of a non-NDA government assuming power." (Read the full story here.)

30 May 2024, 11:35:15 AM IST

Sensex Today Live : RHI Magnesita shares ip more than 6% after company's loss narrows to ₹257 crore in Q4

Sensex Today Live : The company narrowed its loss to 257.9 crore, a significant improvement from a loss of 678.9 crore last year. Revenue increased by 7.8% to 943.3 crore, up from 874.8 crore.

30 May 2024, 11:33:10 AM IST

Sensex Today Live : 360 One WAM shares down more than 2% after company reveals plans to raise ₹4,000-crore secondaries fund

Sensex Today Live : Asset manager 360 One WAM is in talks with investors to raise a 4,000-crore secondaries fund. The firm is also in talks to raise a healthcare-focused private equity fund.

30 May 2024, 11:22:27 AM IST

Sensex Today Live : Mishra Dhatu Nigam shares down more than 3% after Q4 net profit declines 30% YoY

Sensex Today Live : The company reported a 30% decline in profit to 46.3 crore, down from 66.3 crore. However, revenue jumped 17.7% to 405.5 crore, up from 344.6 crore.

30 May 2024, 11:06:10 AM IST

Sensex Today Live : JASH Engineering inaugerates new manufacturing facility of its UK subsidiary to manufacture penstock, stoplog and screen in the country

Sensex Today Live : JASH Engineering today announced the inauguration of the new manufacturing facility of its UK-based subsidiary, Waterfront Fluid Controls Ltd., Glasgow, UK, that is going to be held on 31 May 2024.

In an exchange filing, the company said, it "would be manufacturing a wide range of penstock, stoplog and screen from the new plant".

30 May 2024, 11:01:55 AM IST

Sensex Today Live : 11 am market update

Sensex Today Live : Indian benchmark indices opened in the red on Thursday, following weak signals from global markets.

At 11 am, Sensex was down 378.84 points, or 0.51%, at 74,124.06 and Nifty was down 121.25 points, or 0.53%, at 22,583.45.

30 May 2024, 10:56:26 AM IST

Sensex Today Live : S&P Global Ratings revising outlook rating of six Indian banks—SBI, HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra Bank, and Indian Bank—to Positive from Stable, drives Bankex and Nifty Bank higher

Sensex Today Live : S&P Global Ratings revised its rating outlook on six Indian banks (State Bank of India, HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra Bank, and Indian Bank) to Positive from Stable.

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30 May 2024, 10:36:33 AM IST

Sensex Today Live : Schaeffler India launches skilling initiative to train youth in EV maintenance

Sensex Today Live : Schaeffler India today announced an initiative to train disadvantaged youth in the field of electric vehicle (EV) maintenance.

A collaborative venture between Schaeffler India and Don Bosco Training Centre in Pimpri Chinchwad, Pune, the initiative is a part of the Schaeffler Technical Enhancement Programme (STEP).

Schaeffler India is investing in the set-up and the residential training hub will equip the students, aged 18-24 years, with an extensive six-month long training, culminating in a certificate from the National Skill Development Corporation (NSDC).

On completion, the students may leverage their differentiated skilling for opportunities in leading automotive companies and authorized dealerships for EV vehicle maintenance. For 2024, the goal is to train 180 students, the company said in an exchange filing.

30 May 2024, 10:18:09 AM IST

Sensex Today Live : Edelweiss Financial Services shares down more than 12% after RBI imposes restriction on two group entities

Sensex Today Live : The Reserve Bank of India has imposed business restrictions on two Edelweiss group entities, ECL Finance Ltd and Edelweiss Asset Reconstruction Co. Ltd, due to several malpractices discovered during supervisory examinations. The firms have been ordered to cease and desist from undertaking fresh activity with immediate effect.

30 May 2024, 10:12:16 AM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Barring bank, financial services and Media indices, all other sectoral indices were trading in the red. The IT, metal, pharma, and healthcare indices were the top sectoral losers.

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30 May 2024, 10:09:36 AM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was in the red, with the BSE SmallCap down 0.66% and the BSE MidCap down 0.65%. 

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30 May 2024, 10:07:39 AM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : Only eight stocks out of the 50 on the Nifty 50 were trading in the green. Axis Bank, Kotak Mahindra Bank, SBI, ICICI Bank, and IndusInd Bank were the top gainers, while Tata Steel, JSW Steel, Nestle India, Titan, and Power Grid Corp., were the top drags. 

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30 May 2024, 10:05:12 AM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Only six stocks, Axis Bank, Kotak Mahindra Bank, SBI, ICICI Bank, IndusInd Bank, and HDFC Bank, out of the 30 on the BSE Sensex were trading in the green, while Tata Steel, JSW Steel, Power Grid Corp., Nestle India and Titan, were the top drags. 

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30 May 2024, 10:01:14 AM IST

Sensex Today Live : 10 am market update

Sensex Today Live : Indian benchmark indices opened in the red on Thursday, following weak signals from global markets.

At 10 am, Sensex was down 343.04 points, or 0.46%, at 74,159.86 and Nifty was down 113.65 points, or 0.5%, at 22,591.05.

30 May 2024, 09:59:19 AM IST

Sensex Today Live : ISGEC Heavy Engineering shares down more than 10% after company posts 22% decline in Q4 net profit

Sensex Today Live : The company reported a 22.6% fall in profit to 72.1 crore, down from 93.2 crore. Revenue declined by 8.6% to 1,868 crore, down from 2,042.7 crore.

30 May 2024, 09:44:45 AM IST

Sensex Today Live : Ion Exchange (India) shares down more than 5% after company's net profit falls 10% YoY in Q4

Sensex Today Live : The company reported a 10.8% fall in profit to 72.5 crore, down from 81.2 crore. However, revenue rose by 20.7% to 781.8 crore, up from 647.5 crore.

30 May 2024, 09:43:41 AM IST

Sensex Today Live : AGS Transact Technologies shares fall nearly 4% after company's loss narrows to ₹4.4 crore

Sensex Today Live : The company narrowed its loss to 4.4 crore, a significant improvement from a loss of 15.4 crore last year. However, revenue declined by 17.8% to 349.2 crore, down from 424.7 crore. The board re-appointed Ravi B Goyal as the Managing Director of the company.

30 May 2024, 09:42:25 AM IST

Sensex Today Live : MM Forgings shares down more than 3% after revenue declines 17% YoY

Sensex Today Live : The company reported an 18.2% rise in profit to 36.2 crore, up from 30.6 crore. Revenue was up by 2.4% at 396.8 crore, compared to 387.4 crore last year.

30 May 2024, 09:41:21 AM IST

Sensex Today Live : Shares of RHI Magnesita climb up slightly after company's loss narrows to ₹257 crore in Q4

Sensex Today Live : The company narrowed its loss to 257.9 crore, a significant improvement from a loss of 678.9 crore last year. Revenue increased by 7.8% to 943.3 crore, up from 874.8 crore.

30 May 2024, 09:40:22 AM IST

Sensex Today Live : Hindustan Oil Exploration Company shares down more than 4% after company posts 33% decline in Q4 net profit

Sensex Today Live : The company saw a 33.8% decline in profit to 70.6 crore, down from 106.6 crore. However, revenue jumped 71% to 330.6 crore, up from 193.4 crore.

30 May 2024, 09:39:08 AM IST

Sensex Today Live : KFin Technologies shares down more than 6% after reports of General Atlantic fund looking to sell 4.1% stake in the company

Sensex Today Live : General Atlantic Singapore Fund is likely to sell 4.1% stake in KFin Technologies and could get upsized to 6.8%. Base issue size is likely to be 500 crore and could get upsized to 833.3 crore. The total deal size, including green size option, is likely to be 1.17 crore shares.

30 May 2024, 09:38:52 AM IST

Sensex Today Live : Dredging Corporation of India shares down more than 4% after company posts loss of ₹23 crore in Q4

Sensex Today Live : The company reported a loss of 23.5 crore, compared to a profit of 27.2 crore last year. However, revenue increased by 4.7% to 277.9 crore, up from 265.4 crore.

30 May 2024, 09:36:09 AM IST

Sensex Today Live : Capacite Infraprojects shares climb more than 3% after company's PAT doubles in Q4

Sensex Today Live : The company reported that its consolidated profit after tax more than doubled to 52 crore for the March 2024 quarter, on account of higher income. The company’s total income rose to 608.81 crore in the January-March period from 448.55 crore in the same period a year ago. The board of Capacite Infraprojects will meet on June 3 to consider raising funds up to 100 crore via non-convertible debentures on a private placement basis.

30 May 2024, 09:34:46 AM IST

Sensex Today Live : Lemon Tree Hotels shares up more than 4% after company posts 42% increase in Q4 PAT

Sensex Today Live : The company posted a PAT of 83.9 crore in the March quarter of FY24, up from 59 crore during the same period a year ago. The company reported a total income of 331 crore in the fourth quarter, up from 254.73 crore in the corresponding period in FY23.

30 May 2024, 09:31:51 AM IST

Sensex Today Live : Heritage Foods shares climb more than 7% after company posts 126% increase in Q4 net profit

Sensex Today Live : The company saw its profit zoom by 126% to 40.5 crore, up from 17.9 crore. Revenue rose by 16.3% to 950.6 crore, up from 817.6 crore.

30 May 2024, 09:30:52 AM IST

Sensex Today Live : SJVN shares down more than 3% even after company posts 255% jump in Q4 net profit

Sensex Today Live : The company reported a 255% jump in profit to 61.1 crore, up from 17.2 crore. However, revenue fell by 4.1% to 482.9 crore, down from 503.8 crore. The company also reported an exceptional gain of 103.84 crore. Separately, SJVN has received board approval for signing a Joint Venture Agreement with Indian Oil Corporation to form a joint venture company for developing green RTC/renewable projects and other new technology-based projects.

30 May 2024, 09:29:10 AM IST

Sensex Today Live : Jubilant Pharmova shares up 1% after company posts two-fold increase in consolidated Q4 net profit

Sensex Today Live : The company reported an over two-fold increase in consolidated profit after tax at 61 crore for Q4FY24. Total income from operations stood at 1,773 crore in the fourth quarter as against 1,683 crore in the year-ago period.

30 May 2024, 09:27:47 AM IST

Sensex Today Live : Alkem Laboratories shares down more than 3% even after company posts 3-fold increase in consolidated Q4 net profit

Sensex Today Live : The company reported a three-fold increase in its consolidated net profit for Q4FY24 to 293.56 crore, driven by the derecognition of deferred tax. The company posted a modest YoY revenue increase of 1.1% for the quarter, totalling 2,935.8 crore.

30 May 2024, 09:27:32 AM IST

Sensex Today Live : Tata Steel shares down more than 2% after company posts 64% fall in Q4 net profit

Sensex Today Live : The steelmaker reported a 64% YoY fall in Q4 profit to 611.48 crore, amid lower steel realizations and poor performance in international operations. The company’s consolidated revenue fell 6.7% to 58,687.3 crore. The board approved the issue of additional debt securities up to 3,000 crore and the infusion of up to $2.11 billion into a wholly-owned subsidiary to repay debt and support restructuring costs at Tata Steel UK.

30 May 2024, 09:17:54 AM IST

Sensex Today Live : Opening Bell

Sensex Today Live : Indian benchmark indices opened in the red on Thursday, following weak signals from global markets.

At opening bell, Sensex was down 122.82 points, or 0.16%, at 74,380.08 and Nifty was down 43.80 points, or 0.19%, at 22,660.90.

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