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Business News/ Markets / Live Blog/  Sensex Today | Market Close Highlights : Sensex ends up 335pts, Nifty over 22,140; Oil & Gas, Metal, IT, top gainers
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Sensex Today | Market Close Highlights : Sensex ends up 335pts, Nifty over 22,140; Oil & Gas, Metal, IT, top gainers

Sensex Today | Market Close Highlights : Foreign institutional investors (FIIs) net sold shares worth 4,595.06 crore, while domestic institutional investors (DIIs) purchased 9,093.72 crore worth of stocks on March 13, provisional data from the NSE showed.

Sensex Today | Market Close Highlights : The NSE F&O ban list for Thursday, March 14, includes RBL Bank, Aditya Birla Fashion & Retail, Hindustan Copper, Manappuram Finance, National Aluminium Company, Piramal Enterprises, SAIL, Tata Chemicals, and Zee Entertainment Enterprises. (Photo: AP)Premium
Sensex Today | Market Close Highlights : The NSE F&O ban list for Thursday, March 14, includes RBL Bank, Aditya Birla Fashion & Retail, Hindustan Copper, Manappuram Finance, National Aluminium Company, Piramal Enterprises, SAIL, Tata Chemicals, and Zee Entertainment Enterprises. (Photo: AP)

Sensex Today | Market Close Highlights : Global shares hovered near record highs on Thursday, while the dollar headed for its first weekly gain in a month, ahead of a trio of U.S. data releases that has the potential to shift the outlook for interest rates.

European shares hit a record high for the third consecutive session on Thursday, supported by a raft of optimistic corporate updates, while investors remained cautious ahead of key economic data from the United States for fresh clues on the global interest rate cut trajectory.

The pan-European STOXX 600 moved up 0.3% by 8:56 GMT and looks set for its eighth straight week of gains.

Germany's benchmark DAX added 0.2%, touching all-time high levels for the third straight day, buoyed by bullish corporate reports.

U.S. consumer inflation data earlier this week showed price pressures heated up more quickly than expected in February.

U.S. stock index futures rose on Thursday as investors awaited a raft of economic data, including the producer prices numbers, ahead of a central bank meeting next week.

At 05:00 a.m. ET, Dow e-minis were up 129 points, or 0.33%, S&P 500 e-minis were up 17.25 points, or 0.33%, and Nasdaq 100 e-minis were up 88.5 points, or 0.48%.

With the next Federal Reserve meeting less than a week away, investors have held on to the view that the central bank will still cut rates around three times this year.

Britain's main share indexes were broadly unchanged on Thursday ahead of U.S. economic data that could offer cues on the path of interest rates.

The exporter-heavy FTSE 100 hovered near nine-month highs hit on Wednesday, while the domestically oriented FTSE 250 edged up 0.1%.

In commodities, Brent rose 0.7% to $84.64 a barrel, while gold fell 0.25% to $2,169 an ounce.

14 Mar 2024, 03:41:06 PM IST

Sensex Today Live : Closing Bell

Sensex Today Live : Indian benchmark indices closed higher on Thursday's trading session, on the back of positive sentiment flowing from global peers.

Sensex, which had opened lower at 72,570.10, gained ground early in the morning to touch a high of 73,364.30 during intraday trades. At close, Sensex was up 335.39 points, or 0.46%, at 73,097.28.

Meanwhile, Nifty 50, which had opened also lower at 21,982.55, touched an intraday high of 22,204.60, but pared some of its gains during the day. At close, the Nifty 50 was up 148.95 points, or 0.68%, at 22,146.65.

HCL Tech, Wipro, Bharti Airtel, Infosys, and Larsen & Toubro, were the top gainers on the Sensex, while Axis Bank, IndusInd Bank, Bajaj Finance, ITC, and JSW Steel, were the top losers on the benchmark index for the day.

On the Nifty 50, Adani Enterprises, Adani Ports & SEZ, Hindalco, Hero MotoCorp, and ONGC, were the top gainers, while, Axis Bank, IndusInd Bank, Bajaj Finance, JSW Steel, and SBI, were the top losers for the day.

The broader market broke its losing streak to close the day in the green, with the BSE MidCap index closing 2.28% higher, and the BSE SmallCap index closing up 3.11%.

Across sectors, Private Bank, Financial Services, and Bank indices ended the day in the red, down 0.46%, 0.16%, and 0.41%, respectively.

Among the gainers for the day were Oil & Gas, Metal, and IT, which closed up 2.33%, 1.99% and 1.98%, respectively.

Other heavyweight indices, like Consumer Durables, Healthcare, Pharma, FMCG and Auto, also ended the day in the green.

14 Mar 2024, 03:28:55 PM IST

Sensex Today Live : Qualcomm CEO says open to buying made-in-India chips

Sensex Today Live : Cristiano Amon, the president and CEO of Qualcomm Inc, a leading company in wireless communications, has expressed the company's willingness to purchase semiconductor chips from India as and when they become available. This statement was made following the inauguration of Qualcomm's Chennai Design Centre, which was established at an expense of 177.27 crore.

Currently, Qualcomm, which does not have its own fabrication facilities and specializes in the production of semiconductor products for wireless communication, procures chips from entities like Taiwan Semiconductor Manufacturing Company and Samsung Semiconductor Inc. (Read the full story here.)

14 Mar 2024, 03:17:25 PM IST

Sensex Today Live : Why India’s crypto volumes are languishing despite Bitcoin’s record surge

Sensex Today Live : Bitcoin, the cryptocurrency with the highest market capitalization globally, reached a new peak of over $73,600 on Wednesday. This has rekindled optimism for India's cryptocurrency market, which has endured a challenging two-year period. However, despite Bitcoin prices tripling over the past six months, Indian cryptocurrency exchanges are only seeing limited benefits.

Data from the consultancy firm Crebaco Global indicates that the daily average trading volume of the Indian crypto exchange WazirX rebounded to $3.4 million in February, up from approximately $780,000 in September. Similarly, CoinDCX's daily average trading volume rose to $2.7 million from $750,000 during the same timeframe. (Read the full story here.)

14 Mar 2024, 03:15:42 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Across sectors, Private Bank, Financial Services, and Bank indices were under pressure, down 0.50%, 0.15%, and 0.41%, respectively. 

Among the leaders were Oil & Gas, Media and IT, up 2.36%, 2.06% and 2.06%, respectively. Other heavyweight indices, like Consumer Durables, Healthcare, Pharma, Metal, FMCG and Auto, were also up. 

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14 Mar 2024, 03:10:45 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market maintained its momentum through the day, with the BSE MidCap index climbing 2.13%, and the BSE SmallCap index up 3.16%.

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14 Mar 2024, 03:07:49 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : On the Nifty 50, Adani Enterprises, Adani Ports & SEZ, Hero MotoCorp, Hindalco, and HCL Tech, were the top gainers, while, Axis Bank, IndusInd Bank, JSW Steel, Tata Steel, and SBI, were the top losers. 

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14 Mar 2024, 03:05:08 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : HCL Tech, Wipro, Infosys, Larsen & Toubro, and Mahindra and Mahindra, were the top gainers on the Sensex, while Axis Bank, IndusInd Bank, JSW Steel, Tata Steel, and Bajaj Finance, were the top losers. 

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14 Mar 2024, 03:02:22 PM IST

Sensex Today Live : 3 pm Market Update

Sensex Today Live : Indian benchmark indices were up in the afternoon session on Thursday, even though they had shed some of their early gains.

At 3 pm, Sensex was up 310.25 points, or 0.43%, at 73,072.14, and Nifty was up 139.05 points, or 0.63%, at 22,136.75.

14 Mar 2024, 02:56:13 PM IST

Sensex Today Live : Genesys International secures contract worth ₹155.85 crores from BMC to develop Mumbai's 3D city model and map stack

Sensex Today Live : Genesys International today informed the exchanges that it has secured a contract worth 155.85 crores from BMC to develop Mumbai's 3D city model and map stack for Mumbai's Digital Twin Initiative

In an exchange filing, the company, said it has secured the deal with the Brihanmumbai Municipal Corporation (BMC) valued at Rs. 155 Crores to deploy advanced mapping technology and develop a 3D model of the city that can be used for multiple use cases.

Under this agreement, Genesys will provide the development, implementation, and upkeep of a highly accurate 3D city model and map stack for Mumbai and also update the same for 3 years.

The project aims to provide an elaborate and comprehensive overview of the city's landscape to enable precise planning and collaboration among various stakeholders.

Mumbai city is set to witness a huge transformation in its infrastructure and advanced planning that a Digital twin map stack provides will go a long way in the city's governance.

14 Mar 2024, 02:40:51 PM IST

Sensex Today Live : Tata Steel, JSW, JSPL, SAIL share prices see impact of declining steel prices: Softer input costs to benefit over time

Sensex Today Live : Over the past week, share prices for Tata Steel, JSW Steel, Jindal Steel and Power, and the Steel Authority of India have seen a decrease of 5-12%. This decline is attributed to a consistent drop in steel prices, coupled with weak market sentiment.

Various brokerages have conducted channel checks, indicating that steel prices in the country have reached multi-month lows. BNP Paribas' channel checks reveal that domestic hot rolled coil (HRC) prices, which have been on a downward trend since September 2023, hit 52,700 per tonne in the week ending March 6, 2024. This represents a week-over-week decrease of 900 per tonne. The weekly average price also fell to its lowest level since December 2023. (Read the full story here.)

14 Mar 2024, 02:26:14 PM IST

Sensex Today Live : Adani Group stocks recoup losses, rally up to 10% today; Adani Energy, Adani Green shares top gainers in the pack

Sensex Today Live : On Thursday, stocks from the Adani Group, encompassing Adani Enterprises, Adani Ports & SEZ, Adani Green Energy, and others, experienced a surge of up to 10%, bouncing back from a significant drop in the previous session.

On March 14, all ten stocks from the Adani Group were trading with substantial gains, driven by a resurgence of buying interest in the midst of a positive market sentiment.

Leading the pack with a rally of over 10% was Adani Energy Solutions, followed closely by Adani Green Energy and Adani Total Gas, both of which saw their shares rise by more than 9% each. (Read the full story here.)

14 Mar 2024, 02:02:22 PM IST

Sensex Today Live : 2 pm Market Update

Sensex Today Live : Indian benchmark indices had climbed upwards in the afternoon session on Thursday.

At 2 pm, Sensex was up 255.44 points, or 0.35%, at 73,017.33, and Nifty was up 111.30 points, or 0.51%, at 22,109.00.

14 Mar 2024, 01:35:33 PM IST

Sensex Today Live : Four reasons why Jefferies sees share price correction in Coal India as an opportunity to buy

Sensex Today Live : The share price of Coal India, which had experienced a significant drop of 13% from the closing highs observed in mid-February, made a strong recovery on Thursday, rising more than 2% in the opening trades.

Market weakness was one of the factors that led some investors to book profits, according to analysts. However, analysts at Jefferies India Pvt Ltd view the drastic dip in Coal India's share price as a buying opportunity.

Here are four reasons why Jefferies perceives this correction as a chance to invest. (Read the full story here.)

14 Mar 2024, 01:21:15 PM IST

Sensex Today Live : RVNL-Salasar Techno Engineering JV receives Letter of Award for proect worth ₹173.98 crores from Madhya Pradesh Power Transmission Co.

Sensex Today Live : RVNL informed the exchanges on Wednesday that the RVNL-SALASAR JV has received a Letter of Award (LoA) from Madhya Pradesh Power Transmission Co. Ltd. for the Construction of 132 kV & 220 kV transmission lines and associated feeder bays on total turnkey basis in Eastern MP.

The company said that the JV will construct 132kV & 220kV transmission Lines and

associated feeder bays on total Turnkey basis in Eastern MP, with the total cost of project coming to 173,98,66,074.31 ( 173.98 crore)including GST.

RVNL owns 51% of the JV, while Salasar Techno Engineering owns the rest 49%.

14 Mar 2024, 01:02:39 PM IST

Sensex Today Live : 1 pm Market Update

Sensex Today Live : Indian benchmark indices shed their early morning blues and climbed upwards on Thursday.

At 1 pm, Sensex was up 447.90 points, or 0.62%, at 73,209.79, and Nifty was up 158.60 points, or 0.72%, at 22,156.30.

14 Mar 2024, 12:54:34 PM IST

Sensex Today Live : Synergy Green board approves fund raise up to ₹49 crores through a rights issue

Sensex Today Live : Synergy Green said in an exchange filing that the company's board has approve the raising of funds through the issue of fully paid-up equity shares on rights basis to the existing equity shareholders of the Company

In an exchange filing, the company said, the meeting of the Board of Directors of the company held on Thursday, March 14, discussed and approved "Raising funds through issue of fully paid-up equity shares on rights basis to the existing equity shareholders of the Company, in accordance with applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (the "Rights Issue")."

The company added that the Board has constituted a “Rights Issue Committee" and authorized its members to decide on the terms and conditions of the Issue, including but not limited to, the final Issue size/amount, rights entitlement ratio, the issue price, record date, timing of the Rights Issue, approval of draft letter of offer; appointment of intermediaries and legal counsel, if required; allotment of shares and other related matters.

14 Mar 2024, 12:44:21 PM IST

Sensex Today Live : Zydus receives tentative approval from the USFDA for Edaravone Injection, single-dose vial

Sensex Today Live : Zydus Lifesciences today informed the exchanges that it has received tentative approval from the United States Food and Drug Administration (USFDA) to manufacture and market Edaravone Injection, 30 mg/100 mL (0.3 mg/mL), Single-Dose Vial.

The company informed in its exchange filing that Edaravone is used to treat a certain type of nerve disease called amyotrophic lateral sclerosis (ALS, also commonly called Lou Gehrig's disease).

The drug will be manufactured at the group’s injectable manufacturing facility at Jarod, near Vadodara (India). Edaravone Injection, 30 mg/100 mL (0.3 mg/mL), had annual sales of USD 19 million in the United States (IQVIA MAT Jan-24), the company said in its exchange filing.

14 Mar 2024, 12:38:58 PM IST

Sensex Today Live : Valor Estate (formerly D B Realty) completed ₹920 crore fund raise; to spin off hospitality business and list it separately

Sensex Today Live : Valor Estate (formerly D B Realty), today informed the exchanges that it has completed the fund raise of 920 crore. With this, the company has completed 3 equity raises of about 2,470 crores.

The company further added that its board has approved the incorporation of Advent International that, a wholly-owned subsidiary that will house the hospitality buiness of the company, which will be spun-off by way of a demerger scheme.

The company said its hospitality business includes equity interests in 313 Keys Grand Hyatt (Goa), 171 Keys Hilton (Mumbai), 590 Keys Mariott Marquis (Delhi), 189 Keys St Regis (Delhi), and upcoming hotels in Mumbai at Worli, Bandra, and Andheri with over 2,000 Keys.

It added, "Each equity shareholder as of the demerger record date to receive equity shares in Advent International".

14 Mar 2024, 12:22:02 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : All indices across sectors were in the green, with the Metal index leading gains, followed by Oil & Gas, PSU Bank, Consumer Durables, and IT, among others. 

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14 Mar 2024, 12:16:49 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was showing signs of strength, after closing lower for three days straight. The BSE MidCap index was up 1.88%, while the BSE SmallCap index was up 2.84%. 

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14 Mar 2024, 12:13:08 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : Adani Enterprises, Adani Ports & SEZ, Hindalco, Hero MotoCorp, and Infosys, were the top gainers on the Nifty 50, while JSW Steel, Tata Steel, Dr Reddy's, Axis Bank and HDFC Bank, were the top losers on the benchmark index. 

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14 Mar 2024, 12:10:05 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : JSW Steel, Tata Steel, Axis Bank, HDFC Bank, and Bajaj Finance, were the only losers on the Sensex, at noon. 

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14 Mar 2024, 12:05:12 PM IST

Sensex Today Live : The NSE has shought clarification from Dilip Buildcon regarding the sale of 26% investment in eight special projects

Sensex Today Live : In a notification, the National Stock Exchange, said, "The Exchange has sought clarification from Dilip Buildcon Limited with respect to announcement dated 12-Feb-2024, regarding sale of its 26% investment in 08 special project vehicles.

On basis of above, the Company is required to clarify following:

(a) the amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last financial year;

b) date on which the agreement for sale has been entered into;

c) the expected date of completion of sale/disposal; 

d) consideration received from such sale/disposal;

e) brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof;

f) whether the transaction would fall within related party transactions? If yes, whether the same is done at arm's length;

g) whether the sale, lease or disposal of the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations.

h) additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale."

The exchange added that it is awaiting a response from the company.

14 Mar 2024, 12:02:25 PM IST

Sensex Today Live : 12 pm Market Update

Sensex Today Live : Indian benchmark indices shed their early morning blues and climbed upwards on Thursday.

At 12 pm, Sensex was up 493.15 points, or 0.68%, at 73,255.04, and Nifty was up 178.20 points, or 0.81%, at 22,175.90.

14 Mar 2024, 11:56:13 AM IST

Sensex Today Live : Kotak Equities cuts LTIMindtree target price, says correction required to price in integration, demand risks

Sensex Today Live : Kotak Institutional Equities has observed that LTIMindtree is continually affected by the regular departure of senior management. This, along with the difficulties of integration, weak demand, and client-specific risks, casts a shadow over the company's short-term growth prospects.

The brokerage firm highlighted the departure of numerous senior management staff from LTI Mindtree over the last 12-15 months. They believe this trend is a result of a lenient approach during the merger process.

Kotak Equities expressed, "We would have preferred swift changes, limiting the discomfort to 1-2 quarters. However, the management's lenient approach to mitigate risks has ironically evolved into a riskier strategy, leading to regular senior management departures and related instability. These factors likely affected the concentration on driving revenue growth and achieving merger synergies."

14 Mar 2024, 11:41:11 AM IST

Sensex Today Live : Shree Karni Fabcom shares hit 5% upper circuit after listing at 14.5% premium

Sensex Today Live : In spite of the prevailing softness in the Indian stock market, the shares of Shree Karni Fabcom made their debut on the NSE EME Emerge platform today at 260 each. This represented a listing gain of approximately 14.53 percent for the allottees, compared to the issue price of 220 to 227 per equity share. However, the upward trajectory of the NSE SME stock didn't halt there. The SME stock further amplified its listing gains, reaching an intraday peak of 273 each, and hitting a 5 percent upper circuit within minutes of listing. (Read the full story here.)

14 Mar 2024, 11:30:04 AM IST

Sensex Today Live : Wanted: A new owner for Yes Bank

Sensex Today Live : Private sector lender Yes Bank Ltd is in search of a new promoter to offload up to a 51% stake, and has engaged the services of Citigroup's India division to locate a potential buyer, according to two individuals familiar with the matter. The bank has also extended an invitation to some Indian lenders, including a few of its current shareholders, to come on board as promoters.

Yes Bank, which ranks as India's sixth-largest private lender in terms of assets, is aiming for a valuation in the range of $8-9 billion. This would represent a 20-25% premium over its current market capitalization of $7.2 billion, the sources disclosed under the condition of anonymity. (Read the full story here.)

14 Mar 2024, 11:23:12 AM IST

Sensex Today Live : TCS gets multi-million dollar cloud transformation deal from Denmark's digital connectivity and communications provider Nuuday

Sensex Today Live : TCS today informed the exchanges that it has signed a deal with Denmark's Nuuday to carry out a complex cloud transformation strategy for the digital connectivity and communications services provider.

In an exchange filing, TCS said, "TCS will take responsibility for Nuuday’s IT infrastructure to carry out a complex cloud transformation strategy that will reduce time-to-market and enhance experiences for employees and customers for Nuuday".

As part of this multi-million-dollar deal, TCS will migrate Nuuday’s IT infrastructure to the TCS hybrid cloud, paving the way for future transformations.

Nuuday’s move to TCS’ Enterprise Cloud Platform will reduce time to market for new products and services.

It will result in enhanced experiences for customers and employees of Nuuday, which delivers connectivity products and digital services to over 4.1 million Danish homes and 1.8 million businesses.

As the strategic technology partner, TCS will help Nuuday realize its objective of becoming a ‘truly digital service provider’ with a modern and secure infrastructure.

TCS will host and manage all IT domain services of Nuuday during the transformation. This cloud transformation will enable faster and easier adoption of next-gen technologies.

14 Mar 2024, 11:02:42 AM IST

Sensex Today Live : 11 am Market Update

Sensex Today Live : Indian benchmark indices had shed some of their opening blues and were seen climing upwards on Thursday.

At 11 am, Sensex was up 212.03 points, or 0.29%, at 72,973.92, and Nifty was up 92.35 points, or 0.42%, at 22,090.05.

14 Mar 2024, 10:51:18 AM IST

Sensex Today Live : Bajel Projects bags ₹92.18 crore contract from Power Grid Corp. of India for supply of goods and services

Sensex Today Live : Bajel Projects today informed the exchanges that it has received a contract from Power Grid Corp. of India worth 92.18 crores, to work on the transmission system associated with the evacuation of power from solar energy zones in Rajasthan.

In an exchange filing, the company said it has bagged the "Award for Supply of Goods and Services Contract for Transmission Line Package – TL01B for Balance works of removal of LILO of Bawana‐Mandola 400kV D/C line at Maharanibagh S/S and extension of above LILO section from Maharanibagh upto Narela S/S to form 2x400kV D/C Maharanibagh‐Narela Line under “Transmission System associated with Evacuation of Power from Solar Energy Zones in Rajasthan (8.1GW) under Phase‐II Part G1’’vide its letters dated 12th March, 2024, aggregating to Rs. 92.18 crores (excluding taxes)."

14 Mar 2024, 10:43:23 AM IST

Sensex Today Live : Royal Orchid Hotels signs management agreement for new 5-star hotel in Surat, Gujarat; to be launched with new upscale brand soon

Sensex Today Live : Royal Orchid Hotels, informed the exchanges today, that it has signed a management agreement for a new 5-star hotel in Surat, Gujarat.

In an exchange filing, the company said, "The new property will be managed by ROHL in partnership with Hindva Hospitality, LLP. ROHL will oversee this property under a new upscale brand, which will be launched soon."

14 Mar 2024, 10:33:28 AM IST

Sensex Today Live : Technical and Derivatives Research of BlinkX & JM Financial gives Derivative Index view for today

Sensex Today Live : Derivatives: Index View Point: BanknNifty 21 Mar weekly cmp 46,981

FII net sell 98 crs.

Total OI addition of 2% noted at 100 bps hints at short build up.

OI PCR 0.86 is call heavy.

Total OI concentration is significant at 47k strike which suggests that a short straddle is set by selling both ce & pe (combo premium approx. 1000 pts) on anticipation of a weekly trading range of 46,000-48,000.

Daily view: 47k is the pivotal level +/-100 pt. Negative if prices sustains below 47k Resistance 47,500 Supports 46,700/46,200.

14 Mar 2024, 10:25:01 AM IST

Sensex Today Live : Nazara Technologies buys 10.38% stake in Kofluence Tech for ₹31.24 crores and 3.58 lakh shares

Sensex Today Live : Nazara Technologies today informed the exchanges that it has acquired a 10.38% stake in Kofluence Tech for a total consideration of 31.24 crores.

In an exchange filing, the company said, "...We hereby inform you that the Company, today i.e. March 13, 2024, has acquired 13,374 equity shares of Rs. 10/- each of Kofluence and the consideration of Rs. 31,24,19,828.70 has been discharged by way of issuance and allotment of 3,58,218 equity shares of Rs. 4/- each of the Company at a price of Rs. 872.15 each, to the Sellers."

14 Mar 2024, 10:17:54 AM IST

Sensex Today Live : Adani Green Energy subsidiary signs power purchase agreement with Solar Energy Corporation of India for supply of 534 MW solar power

Sensex Today Live : Adani Green Energy today informed the exchanges that its whilly-owned subsidiary Adani Renewable Energy Fifty Nine Limited, has entered into power purchase agreements with Solar Energy Corporation of India for supply of 534 MW of solar power projects.

In an exhcnage filing, the company said, "With execution of these PPAs, AGEL now has a total renewable energy project portfolio of 21,778 MWac capacity."

14 Mar 2024, 10:12:04 AM IST

Sensex Today Live : Larsen & Toubro bags onshore gas pipeline order worth ₹5,000 crore to ₹10,000 crore from a prestigious client in the Middle East

Sensex Today Live : Larsen & Toubro, today informed the exchanges that it has received a 'major' order from a prestigious client in the Middle East.

In an exchange filing, the company said, "The Hydrocarbon vertical (L&T Energy Hydrocarbon – LTEH) of Larsen & Toubro (L&T) has recently secured a major onshore gas pipeline project from a prestigious client in the Middle East."

It added that the scope of work comprises engineering, procurement, and construction of two new 56" pipelines, along with associated scraper receivers and launchers and main line isolation valve (MLIV) stations running parallel to the existing pipeline corridor.

Commenting on this order win, Mr Subramanian Sarma, Whole-time Director & Senior Executive Vice President (Energy), L&T, said: “This is the largest cross-country pipeline EPC project awarded to us till date and we are excited to bring our expertise to this strategic project."

The company classifies orders amounting to 5,000 crore to 10,000 crore, as a major order.

14 Mar 2024, 10:07:07 AM IST

Sensex Today Live : Azad Engineering signs 7 year contract with GE Vernova to supply equipments for $35 million

Sensex Today Live : Azad Engineering today informed the exchanges today that it has signed a 7 year strategic contract with the Steam Power business of GE Vernova for the supply of high-complex rotating airfoils for Nuclear, Industrial and Thermal power industry.

In an exchange filing, the company said, "This transformative collaboration brings an agreement that is valued around USD 35 million for a period of 7 years on March 13, 2024."

14 Mar 2024, 10:03:21 AM IST

Sensex Today Live : D B Realty approves the issue and allotment of 35.6 million shares to institutional buyers for a total consideration of ₹920.2 crores

Sensex Today Live : Valor Estate (formerly D B Realty Limited), informed the exchanges today that its board of directors has approved the issue and allotment of 3,56,66,675 equity shares to qualified institutional buyers at the issue price of 258 per equity Share (including a premium of 248 per equity share, which is at a discount of 12.87 per equity share equivalent to 4.75%, to the floor price of 270.87 per equity share.

The company said in an exchange filing, "The cumulative value of the shares issues amounts to 920,20,02,150".

14 Mar 2024, 10:02:39 AM IST

Sensex Today Live : 10 am Market Update

Sensex Today Live : Indian benchmark indices opened lower on Thursday but pared some losses to turn green.

At 10 am, Sensex was up 69.15 points, or 0.10%, at 72,831.04, and Nifty was up 24.70 points, or 0.11%, at 22,022.40.

14 Mar 2024, 09:53:44 AM IST

Sensex Today Live : Ashoka Buildcon to acquire 50% stake in GVR Ashoka Chennai ORR for ₹185 crores

Sensex Today Live : Ashoka Buildcon today informed the exchanges that it has entered into a share purchase agreement with GVR Infra Projects Ltd., and GVR Ashola Chennai ORR Ltd., to acquire around 9.5 million shares of GVR Ashoka Chennai Ltd., for 185 crores.

In an exchange filing, the company said, "This is to inform you that Ashoka Buildcon Limited (“the Company") has entered into a share purchase agreement (“SPA") with GVR Infra Projects Limited (“GIPL") and GVR Ashoka Chennai ORR Limited (“CORR") for the acquisition of 9,45,00,000 equity shares held by GIPL in CORR, constituting 50% of the share capital of CORR, for a consideration of Rs.185,00,00,000/- (Rupees One Hundred Eighty Five Crore only) subject to terms as agreed under the Share Purchase Agreement (“SPA") as per the terms of the SPA (Please see Annexure I for further details)."

14 Mar 2024, 09:48:03 AM IST

Sensex Today Live : JSW Energy secured letter of award from Solar Energy Corporation of India for 700 MW ISTS connected Solar Capacity

Sensex Today Live : JSW Energy today informed the exchanges today that its wholly-owned subsidiary JSW Neo Energy has received a letter of award for ISTS connected Solar Capacity of 700 MW from Solar Energy Corporation of India Limited (SECI), against Tariff based Competitive Bid invited by SECI for setting up of 1,500 MW ISTS connected Solar Power Projects.

In an exchange filing, the company, said, "JSW Neo Energy Limited (or “JSW Neo"), a wholly owned subsidiary of JSW Energy Limited (or “The Company"), has received Letter of Award (LoA) for ISTS-connected solar capacity of 700 MW from Solar Energy Corporation of India Limited (SECI), against Tariff based Competitive Bid invited for setting up of 1,500 MW ISTS-connected Solar Power Projects.

The current installed generation capacity is 7.2 GW. The company expects to have 9.8 GW of installed capacity by CY24, with this awarded capacity of 700 MW under SECI Tranche XIII, the company's total locked-in generation capacity increases to 11.7 GW, of which 2.1 GW will be solar."

14 Mar 2024, 09:37:29 AM IST

Sensex Today Live : Kalpataru Projects International bags new orders worth ₹2,445 crores

Sensex Today Live : Engineering & Construction firm Kalpataru Projects International today informed the exchanges today that the company, along with its Joint Ventures (JVs) and international subsidiaries, has secured new orders/notification of awards of 2,445 crores.

The company shared the details of the orders in an exchange filing. It said, "The details of the aforesaid new orders are as follows:

Orders in the Transmission & Distribution (T&D) business of 2,366 Crores in India and overseas markets.

Orders in the Buildings & Factories (B&F) business of 79 Crores".

14 Mar 2024, 09:31:31 AM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Among the heavyweight sectoral indices, Nifty Bank was under pressure, down 0.45%, while on the positive side, the Oil & Gas index was up 1.69%, and the Metal index was up 1.03%.

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14 Mar 2024, 09:28:34 AM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market opened stronger, with the BSE MidCap index up 0.91%, and the BSE SmallCap index up 0.69%.

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14 Mar 2024, 09:26:17 AM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : Coal India, BPCL, Adani Ports & SEZ, Hindalco, and Power Grid Corp., were the top gainers on the Nifty 50, while Bajaj Finance, LTI Mindtree, TCS, Tata Steel, and Bajaj Finserv, were the top losers. 

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14 Mar 2024, 09:24:36 AM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Power Grid Corp., Nestle India, NTPC, Kotak Mahindra Bank, and Reliance Industries, were the top gainers on the Sensex, while Tata Steel, TCS, Tech Mahindra, Bajaj Finance, and Wipro, were the top losers. 

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14 Mar 2024, 09:22:29 AM IST

Sensex Today Live : HAL gets ₹8,073 crore contract to make 34 Advanced Light Helicopters (ALH) Dhruv Mk III for Indian Army & Indian Coast Guard

Sensex Today Live : The defence sector manufacturer informed the exchanges today that the country's Ministry of Defence has signed two contracts with it to acquire 34 Advanced Light Helicopters (ALH) Dhruv Mk III for the Indian Army & Indian Coast Guard.

In an exchange filing, it said, "We wish to inform that, consequent upon approval of the Cabinet Committee on Security (CCS), the Ministry of Defence signed two contracts for a combined value of 8073.17 crore with the Company on 13 March 2024 for acquisition of 34 Advanced Light Helicopters (ALH) Dhruv Mk lllalong with Operational Role Equipment for Indian Army (25 ALHs) and Indian Coast Guard (09 ALHs)."

14 Mar 2024, 09:18:12 AM IST

Sensex Today Live : Opening Bell

Sensex Today Live : Indian benchmark indices opened lower on Thursday, led by mixed cues from global peers.

At opening bell, Sensex was down 141.80 points, or 0.19%, at 72,620.09, and Nifty was down 72.70 points, or 0.33%, at 21,925.

14 Mar 2024, 09:13:42 AM IST

Sensex Today Live : Technical and Derivatives Research from BlinkX & JM Financial gives Nifty view for today

Sensex Today Live : ViewPoint: Nifty Outlook for 14th Mar’24:

Long : Short Ratio is at 40% : 60%

VIX at 14.43

FIIs outlook is sideways for indices & positive for FnO stocks

NF witnessed long unwinding only to the tune of 2.6% + its PCR_OI dropped to 0.65 indicating an indecisive trend

Expected expiry range today 21,800 to 22,000/22,050

View: There can be a trend reversal below 22,200. Going forward, if 21,800 breaks, Nifty can head towards 21,500/400. However, if today & tomorrow Nifty defends 21,800 & survives back above 22,050 (weekly closing) then it may resume a consolidation trading range between 21,800 to 22,200 for a few days.

Also monthly options chain was showing 21,000 to 23,000 for the March series and even now, highest OI for monthly expiry is at 21,000 PE (0.86 L contracts) & 23,000 CE (0.64 L contracts).

14 Mar 2024, 09:10:31 AM IST

Sensex Today Live : Sensex, Nifty, muted at pre-open

Sensex Today Live : Indian benchmark indices were muted during pre-open on Thursday, led by mixed signals from global markets.

Sensex was down 194.40 points, or 0.27%, at 72,567.49, and Nifty was down 15.15 points, or 0.07%, at 21,982.55 during pre-open.

14 Mar 2024, 08:56:26 AM IST

Sensex Today Live : Govt not planning to sell SUUTI stake in ITC, says DIPAM Secy

Sensex Today Live : Senior government officials, cited by PTI, have said that the government does not plan to divest its stake in ITC, which is held through SUUTI, even though British American Tobacco (BAT) has reduced its stake in the Kolkata-based FMCG company through a block deal.

As of December 31, 2023, the Specified Undertaking of the Unit Trust of India (SUUTI) held an approximate stake of 7.82% in the diversified conglomerate ITC.

Tuhin Kanta Pandey, Secretary of the Department of Investment and Public Asset Management (DIPAM), confirmed to PTI, "At present, there are no such plans." (Read the full story here.)

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