Active Stocks
Fri Apr 12 2024 15:57:45
  1. Tata Steel share price
  2. 163.50 -1.00%
  1. NTPC share price
  2. 362.00 -0.32%
  1. ITC share price
  2. 430.10 -1.56%
  1. HDFC Bank share price
  2. 1,518.90 -1.10%
  1. State Bank Of India share price
  2. 766.75 -1.57%
Business News/ Markets / Live Blog/  Market highlight: Sensex up 440 pts, Nifty around 21,850 at close; OMC stocks zoom
BackBack

Market highlight: Sensex up 440 pts, Nifty around 21,850 at close; OMC stocks zoom

Sensex Today | Share Market Live Updates: At close, the Sensex was up 440.33 points or 0.61% at 72,085.63, and the Nifty was up 156.30 points or 0.72% at 21,853.80.

Sensex Today | Share Market Live Updates:Shares in Asia rose on Friday as a rebound in US equities extended into after-hours trading after a set of bumper results from tech giants. Photo: MintPremium
Sensex Today | Share Market Live Updates:Shares in Asia rose on Friday as a rebound in US equities extended into after-hours trading after a set of bumper results from tech giants. Photo: Mint

Sensex Today | Share Market Live Updates: Benchmark indices ended in the green but well below their intraday highs on Friday, with the Sensex up 400 points and the Nifty around 21,850.

At close, the Sensex was up 440.33 points or 0.61% at 72,085.63, and the Nifty was up 156.30 points or 0.72% at 21,853.80. At one point, the Sensex was up 1,400 points and the Nifty crossed 22,000 to hit a new all-time high. 

Paytm's stock hit the 20% lower circuit for the second straight day after the Reserve Bank of India cracked down on Paytm Payments Bank, restricting it from accepting new deposits and carrying out credit transactions after 29 February.

Top gainers on the Nifty inlcuded BPCL, Power Grid Corporation, ONGC, Adani Ports and Coal India, while losers included Eicher Motors, Axis Bank, HDFC Life, HDFC Bank and HUL.

The oil & gas index gained 4% while the IT, metal, realty and power indices rose 1.5-2%. The BSE Midcap index gained 1% and the Smallcap index 0.6%.

Shares in Asia rose on Friday as a rebound in US equities extended into after-hours trading after a set of bumper results from tech giants. Australian and South Korean shares edged higher, while contracts for Hong Kong stocks also climbed. Futures for US equities advanced early in Asia after both the S&P 500 Index and the tech-heavy Nasdaq 100 Index rose over 1% on Thursday.

US stocks rebounded as investors looked to a spate of high-profile earnings and Friday's employment report a day after the Fed quashed lingering bets that interest rate cuts could begin as early as March. While a broad rally sent all three major U.S. stock indexes sharply higher, the Nasdaq advanced the most.

Crude oil futures declined 0.73% to 6,161 a barrel on Friday as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for February delivery fell 45 or 0.73% to 6,161 per barrel with a business volume of 10,354 lots.

Globally, West Texas Intermediate crude oil traded 0.42% higher at $74.13 per barrel, while Brent crude was trading 0.51% up at $ 79.10 per barrel in New York.

02 Feb 2024, 03:36:35 PM IST

Sensex Today Live: Rupee closes marginally higher against US dollar

The Indian rupee ended marginally higher at 82.92 per dollar,against Thursday's close of 82.97.

02 Feb 2024, 03:33:13 PM IST

Sensex Today Live: Sensex up 400 points, Nifty around 21,850 at close

Benchmark indices ended in the green but well below their intraday highs.

At close, the Sensex was up 440.33 points or 0.61% at 72,085.63, and the Nifty was up 156.30 points or 0.72% at 21,853.80.

02 Feb 2024, 03:30:22 PM IST

Sensex Today Live: JSW Infrastructure posts ₹250.7 crore net profit in Q3

Net profit came in at 250.7 crore against 114.9 crore a year ago, and revenue was up 17.9% at 940.1 crore from 797.7 crore a year ago.

02 Feb 2024, 03:28:33 PM IST

Sensex Today Live: Bikaji Foods net profit up 30% in Q3

Bikaji Foods reported a 30.1% increase in net profit to 49.09 crore in Q3 against 37.74 crore a year ago. Revenue from operations rose 22.1% from a year ago to 613.14 crore.

02 Feb 2024, 03:25:47 PM IST

Sensex Today Live: Anuj Choudhary Research Analyst, Sharekhan by BNP Paribas

"The rupee gained 0.15% on strong domestic markets and a weak US dollar. A decline in crude oil prices also supported the domestic unit. The US dollar declined on hawkish Bank of England monetary policy.

"We expect the rupee to trade with a slight positive bias on weak tone in the US dollar and rise in risk appetite in global markets. Weakness in crude oil prices may also support the rupee. 

"However, profit booking by FIIs may lead for outflows, which may cap a sharp upside in the rupee. Any recovery in crude oil prices may also weigh on the rupee at higher levels. 

“Traders may take cues from US non-farm payroll report and factory orders data. The US is expected to add jobs but at a slower pace. The USDINR spot price is expected to trade in a range of 82.50 to 83.20."

02 Feb 2024, 03:16:31 PM IST

Sensex Today Live: Whirlpool India net profit jumps 13% to ₹27.99 crore in Q3

Whirlpool of India Ltd reported a nearly 13% jump in profit in Q3, thanks to increased domestic demand for white goods. Consolidated net profit rose to 27.99 crore from 24.69 crore a year ago. Revenue from operations at Whirlpool's Indian unit rose nearly 18% to 1,536 crore.

02 Feb 2024, 03:11:05 PM IST

Sensex Today Live: Crude oil futures decline on low demand

Crude oil futures declined 0.73% to 6,161 a barrel on Friday as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for February delivery fell 45 or 0.73% to 6,161 per barrel with a business volume of 10,354 lots. 

Globally, West Texas Intermediate crude oil traded 0.42% higher at $74.13 per barrel, while Brent crude was trading 0.51% up at $ 79.10 per barrel in New York.

02 Feb 2024, 03:03:17 PM IST

Sensex Today Live: 3 pm market update

At 3 pm the Sensex was up 522.16 points or 0.73% at 72,167.46, and the Nifty was up 181.40 points or 0.84% at 21,878.90.

02 Feb 2024, 03:02:31 PM IST

Sensex Today Live: Rategain Travel Technologies Q3 Results

Net profit up to 40.4 crore from 13.2 crore a year ago; revenue up 82.6% to 252 crore from 138 crore a year ago.

02 Feb 2024, 02:57:57 PM IST

Sensex Today Live: OMC stocks surge up to 10%

Source: NSE
View Full Image
Source: NSE
02 Feb 2024, 02:49:36 PM IST

Sensex Today Live: HFCL order book expands to more than ₹7,500 crore

  • Order book stands at 7,678 crore in Q3, up from 7,064 crore a year ago
  • Revenue in Q3 came in at 1,032.31 crore, down marginally from 1,085.84 crore a year ago
  • Ebitda margin stands at 15.83% in Q3, compared to 17.80% a year ago
  • PAT margin stands at 7.99 % in Q3, compared to 9.36 % a year ago
  • New order of 623 crore received in current quarter for 5G telecom networking equipment, first such order for an Indian firm

02 Feb 2024, 02:44:22 PM IST

Sensex Today Live: Ajit Mishra, SVP, technical research, Religare Broking, advises caution

"Markets have reclaimed their record high after consolidating for two weeks but we feel it is early to assume that we are set for the next leg of the up move. Nifty needs sustainability above 22,150 to march towards 22,500+. Besides, consistency in the participation from the banking majors is also critical for a steady uptrend else the range bound bias would resume. 

“Ideally, traders should focus more on stock selection in such scenarios and maintain positions on both sides."

02 Feb 2024, 02:32:19 PM IST

Sensex Today Live: European shares jump as earnings continue to impress

European shares opened higher on Friday as traders assessed a flurry of upbeat corporate updates from the region and as the index mirrored overnight gains on Wall Street after softer economic data and upbeat tech results.

The pan-European STOXX 600 was up 0.4%,as of 0830 GMT.

02 Feb 2024, 02:31:49 PM IST

Sensex Today Live: PSU stocks soar on capex boost; BSE PSU index sets new record

The surge in PSU stocks continues unabated. The BSE PSU index surged 5% to a new peak of 18,025 in today's trade. Today's rally could be attributed to the notable increase in capital expenditure in the interim budget for FY25, given that PSU companies are among the primary beneficiaries of government capex initiatives.

02 Feb 2024, 02:23:44 PM IST

Sensex Today Live: Centre’s finances on course to consolidation, says Elara Securities India

"The centre’s fiscal position remains stable during April-December FY24, led by robust growth in revenue. 

"Capital expenditure continues to lead overall expenditure with growth of 37.5% YoY, reaching 67.3% of BE during April-December FY24 vs 65% of BE during the same period in FY23. 

"Overall gross taxes grew 23.2% YoY to reach ~74% of FY24BE but remain below 78.9% of BE during April-December FY23. 

"We expect overall fiscal deficit to meet the 5.8% target announced in the Interim Budget and anticipate a pickup in government spending to alleviate the stress on banking sector liquidity in the upcoming months. 

“For FY25E, we believe there are buffers in the budget that will allow the fiscal deficit target of 5.1% to be attained, as we see around 500 billion upside to tax revenue."

02 Feb 2024, 02:06:34 PM IST

Sensex Today Live: US regional bank sell-off a cautionary sign of more pain to come: Reuters

Investors lulled into thinking U.S. regional banks were out of the woods after ruptures last year have been given a jolt by New York Community Bank, Reuters reported.

The under-the-radar lender's earnings report sparked a sell-off in regional bank shares in a warning for investors that had grown inured to the sector's sensitivity to high Federal Reserve interest rates nearly a year after two banks failed.

While NYCB's confluence of problems are unique to its balance sheet, elements of its earnings underscored regional lenders' ongoing sensitivity to high Fed rates which continue to squeeze commercial real estate (CRE) portfolios and lending margins, investors said.

02 Feb 2024, 02:03:59 PM IST

Sensex Today Live: 2 pm market update

At 2 pm the Sensex was up 497.51 points or 0.69% at 72,142.81, and the Nifty was up 170.50 points or 0.79% at 21,868.

02 Feb 2024, 01:47:39 PM IST

Sensex Today Live: Gourav Rakshit, quits as chief operating officer, Viacom18 Digital

Gourav Rakshit, chief operating officer, Viacom18 Digital at Viacom18 Pvt Ltd, has quit the company after a nearly five-year stint. His resignation comes in the wake of the merger of Viacom18's streaming app Voot with JioCinema.

02 Feb 2024, 01:45:04 PM IST

Sensex Today Live: Alkyl Amines Q3 earnings

Net profit down 27% to 33 crore from 46 crore a year ago; revenue down 17% to 322 crore from 388 crore a year ago.

02 Feb 2024, 01:24:55 PM IST

Sensex Today Live: Castrol India reports highest-ever revenue in FY23

Castrol India Limited announced its results for the fourth quarter (Q4) and full year ended 31 December 2023 (FY23). The company follows the calendar year for its financial reporting. 

For the full year ended 31 December 2023, the company registered revenue from operations of 5,075 crore, up 6% from 4,774 crore in the previous year. Profit after tax came in at 864 crore, up 6% from 815 crore the previous year.

For Q4 (October to December), the company posted revenue from operations of 1,264 crore, up 7% from 1,176 crore a year ago. Profit after tax stood at 242 crore, up 25% from 193 crore a year ago.

02 Feb 2024, 01:04:31 PM IST

Sensex Today Live: Devyani International Q3 results

Net profit down 87% to 9.6 crore from 71.6 crore a year ago, and revenue up 6.6% to 843 crore from 791 crore a year ago.

02 Feb 2024, 01:03:13 PM IST

Sensex Today Live: 1 pm market update

At 1 pm the Sensex was up 540.34 points or 0.75% at 72,185.64, and the Nifty was up 179.60 points or 0.83% at 21,877.10. 

02 Feb 2024, 12:58:36 PM IST

Sensex Today Live: Reliance Industries stock hits record high; mcap touches ₹20 lakh crore

Reliance Industries's stock hit a new record high on Friday, with its market capitalisation crossing 20 lakh crore. Reliance shares rallied as much as 3.4% to 2,949.90 the BSE.

02 Feb 2024, 12:44:14 PM IST

Sensex Today Live: DelaPlex shares list at 61% premium

Shares of of DelaPlex listed at 309 on the NSE, a premium of 61% over the issue price of 192.  The IPO was subscribed 118.19 times. 

02 Feb 2024, 12:37:57 PM IST

Sensex Today Live: Gold set for best week in nine as dollar softens ahead of US data

Gold prices were poised for their biggest weekly gain in nine on Friday as the dollar and Treasury yields retreated, while traders awaited key US jobs data due later in the day for clues on when the Fed could start rate cuts.

Spot gold edged 0.1% higher to $2,056.00 an ounce. Bullion has climbed nearly 2% so far this week, set for its best weekly gain since early December.

US gold futures edged 0.1% higher to $2,073.40.

02 Feb 2024, 12:12:47 PM IST

Sensex Today Live: Aadhar Housing Finance files for ₹5,000-crore IPO

The offering will comprise a fresh issue of shares worth 1,000 crore and an offer for sale in which Blackstone will offload shares worth 4,000 crore.

02 Feb 2024, 12:08:48 PM IST

Sensex Today Live: Modest slowdown in US job growth expected in January: Reuters

US job growth likely slowed marginally in January as a resilient economy and strong worker productivity encouraged most businesses to retain their employees, a trend that could see the economic expansion sustained this year, Reuters reported.

The closely watched employment report from the Labor Department on Friday could further diminish financial market expectations of an interest rate cut in March, with annual wage growth forecast to have maintained its solid pace last month.

02 Feb 2024, 12:00:29 PM IST

Sensex Today Live: Deficit reduction will stabilise debt-to-GDP ratio over medium term, says Fitch

Fitch Ratings said on Friday the slightly faster pace of fiscal deficit reduction does not significantly change India's sovereign credit profile but the government's emphasis on deficit reduction will help to stabilise the debt-to-GDP ratio over the medium term, PTI reported.

In post-budget commentary, Jeremy Zook, Fitch ratings director, sovereign ratings, said over the next five years, India's government debt-to-GDP ratio will be broadly stable at just above 80% of GDP. This is based on a continued path of gradual deficit reduction, as well as robust nominal growth of around 10.5% of GDP.

02 Feb 2024, 11:56:50 AM IST

Sensex Today Live: Sonata Software stock in focus

Clocked a net loss of 46.2 crore for the December quarter against a profit of 124.2 crore in the previous quarter. Consolidated revenue from operations grew 30.4% sequentially to 2,493.3 crore in the quarter.

The stock is currently up 0.16% to 765.90.

02 Feb 2024, 11:47:42 AM IST

Sensex Today Live: Abbott India stock at 52-week high after Q3 earnings 

Shares of Abbott India are up 8.36% to 28,050.05. On Thursday the company posted 26% growth in net profit to 311 crore for the December quarter. Revenue from operations grew 8.7% to 1,437 crore from a year ago.

02 Feb 2024, 11:30:37 AM IST

Sensex Today Live: Nifty IT index soars after impressive Big Tech earnings 

Source: NSE
View Full Image
Source: NSE
02 Feb 2024, 11:21:32 AM IST

Sensex Today Live: Panacea Biotec stock in focus

The USFDA has classified the inspection of the facility of the company's subsidiary Panacea Biotec Pharma in Baddi, Himachal Pradesh, as ‘official action indicated’. The stock is currently up 3.03% to 168.45.

02 Feb 2024, 11:12:38 AM IST

Sensex Today Live: Eicher Motors stock sheds 2% as January sales miss estimates

Flagship brand Royal Enfield sold 76,187 motorcycles in January, up 2% from 74,746 units a year ago. However, exports sales dropped 20% to 5,631 motorcycles. The stock is currently down 1.87% to 3,859.75.

02 Feb 2024, 11:03:01 AM IST

Sensex Today Live: 11 am market update

At 11 am the Sensex was up 789.27 points or 1.10% at 72,434.57, and the Nifty was up 245 points or 1.13% at 21,942.50.

02 Feb 2024, 10:58:10 AM IST

Sensex Today Live: HUDCO stock extends post-budget rally, jumps 30% in two days

Shares of Housing and Urban Development Corporation (HUDCO) extended their post-budget rally on Friday, climing to a new all-time high of 226.45 on NSE. After the FM's announcement of two crore new affordable houses in her budget speech, HUDCO's rallied on Thursday and ended about 20%.

02 Feb 2024, 10:41:25 AM IST

Sense Today Live: Oil gains after OPEC+ maintains output cuts, but heads for weekly losses

Oil prices rose in early trade on Friday following a decision by OPEC+ to keep its oil output policy unchanged, though benchmarks were headed for weekly losses amid unsubstantiated reports of a ceasefire between Israel and Hamas.

Brent crude futures climbed 37 cents or 0.5% to $79.07 a barrel at 0415 GMT, while U.S. West Texas Intermediate crude futures gained 30 cents or 0.4% to $74.12 a barrel.

02 Feb 2024, 10:39:50 AM IST

Sensex Today Live: Mphasis stock in focus

Direct revenue in Q3 was up 2% sequentially and up 1.3% in constant currency terms. New deal wins worth $241 million. Management said it was seeing signs of stability despite seasonal softness in the quarter.

02 Feb 2024, 10:18:38 AM IST

Sensex Today Live: Amnish Aggarwal, head of research, Prabhudas Lilladher Pvt Ltd, on the Interim Budget

"The FY24-25 interim budget has carried forward govt's focus on (1) Net zero by 2070 (Rooftop Solarisation, Non fossil fuel, E vehicles) (2) 13.9% higher capex allocation (18% effective increase) (3) higher allocation for PM Awas, MNREGA and Aquaculture. 

"Fiscal situation seems to be in fine shape with CAD at ~1% of GDP and fiscal deficit at 5.8% of GDP with next year target at 5.1% of GDP. FY25 assumptions of 11.5% growth in GST and 11.7% in corporate tax and 13% in income tax look reasonable. There has been no change in corporate and income tax rates. 

“Total debt has been lower than earlier estimates and FY25 gross markets borrowings with increased private capex will continue to provide growth capital and momentum to the economy. Thus interim budget just ensures strong fiscal discipline and continuity of policies. We remain overweight on Capital Goods, Infra, Engineering, Green Energy, Hospitals, Pharma, Housing, building material and select stocks in Metals, Financials and discretionary consumption."

02 Feb 2024, 10:09:54 AM IST

Sensex Today Live: Prashanth Tapse, senior VP, research, Mehta Equities

"The bull market at Dalal Street is thriving, fueled by positive developments such as Wall Street's surge, a 3% drop in WTI Oil prices, and the promising Interim Union Budget. With a focus on sectors like consumption, defense, railways, hotels, services, and electronics, the goal of India's USD 5 trillion economy is in sight.

"Technical analyses suggest a potential FOMO-driven surge in Nifty to its all-time high, supported by favorable indicators. Bank Nifty outperformed, and stocks like SBI, Bank of Baroda, and others show breakout potential.

“The preferred trade suggests buying Nifty and Bank Nifty, with bullish sentiments on Indigo, State Bank Of India, Bank Of Baroda, Adani Enterprises, and RBL Bank. The top stock to buy is Indigo, with targets at 3,100 and 3,147, emphasizing a rebound play."

02 Feb 2024, 10:07:32 AM IST

Sensex Today Live: 10 am market update

At 10 am the Sensex was up 741.22 points or 1.03% at 72,386.52, and the Nifty was up 229.70 points or 1.06% at 21,927.20.

02 Feb 2024, 09:51:40 AM IST

Sensex Today Live: Adani Ports stock at 52-week high

Shares of Adani Ports and SEZ are up 4.94% to a 52-week high of 1,279.05.

02 Feb 2024, 09:43:53 AM IST

Sensex Today Live: Reliance Industries hits new record high

Reliance shares have hit a new all-time high, up 2.37% to 2,921.

02 Feb 2024, 09:41:02 AM IST

Sensex Today Live: Results incoming

Companies that will announce their December-quarter earnings today: 

Tata Motors, UPL, Delhivery, Bank of India, Aegis Logistics, Bikaji Foods International, Devyani International, Engineers India, InterGlobe Aviation, JSW Infrastructure, LIC Housing Finance, Metropolis Healthcare, MOIL, Samhi Hotels, Torrent Pharmaceuticals, and Ujjivan Financial Services.

02 Feb 2024, 09:27:06 AM IST

Sensex Today Live: Indian Hotels stock in focus

Net profit was up 18.2% to 476.9 crore in Q3 from a year ago, revenue up 16.5%. Ebitda increased 22.6% yoy, while margin was 37.3% from 35.4% last year. Revenue for the quarter was led by 21% growth in room revenue. International RevPAR growth of 9% yoy due to 70% occupancy levels.

The stock is currently up 2.99% to 509.35. 

02 Feb 2024, 09:23:48 AM IST

Sensex Today Live: Paytm stock hits 20% lower circuit again

Shares of Paytm parent firm One97 Communications it the 20% lower circuit for the second day in a row, after the RBI imposed harsh restrictions on Paytm Payments Bank. The stock has crashed from around 760 to around 490 in two days.

02 Feb 2024, 09:18:44 AM IST

Sensex Today Live: Indices open in the green 

At 9.15 am the Sensex was up 576.04 points or 0.80% at 72,221.34, and the Nifty was up 172.50 points or 0.80% at 21,870. 

02 Feb 2024, 09:17:30 AM IST

Sensex Today Live: Bernstein on Adani Ports

-Outperform call, target 1,243 a share

-Another strong quarter on all fronts, from volume to net income

-Management has revised their guidance upwards for FY24

-Global turmoil in Red Sea could affect near-term performance

-Capex for first nine months of FY24 is at 5,500 crore versus initial guidance of 4,500 crore for full year

02 Feb 2024, 09:06:34 AM IST

Sensex Today Live: Gold heads for best week in seven ahead of US jobs data

Gold prices were set for their best week in seven on Friday as the dollar and Treasury yields retreated.

02 Feb 2024, 08:58:28 AM IST

Sensex Today Live: Dollar poised for weekly decline

The dollar fell broadly on Friday in a bout of positive risk sentiment following upbeat big tech earnings on Wall Street, while traders awaited U.S. jobs data due later in the day to gauge how soon the Federal Reserve could begin easing rates.

02 Feb 2024, 08:57:35 AM IST

Sensex Today Live: Paytm stock in focus

Management said during an analyst call that the RBI's actions were a big speed bump and that operational changes would be required. The stock hit the 20% lower circuit soon after the market opened on Thursday. 

Download the App to get 14 days of unlimited access to Mint Premium absolutely free!

Recommended For You
GENIE RECOMMENDS

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

Let’s get started
Switch to the Mint app for fast and personalized news - Get App