Active Stocks
Sat May 18 2024 12:49:03
  1. Tata Motors share price
  2. 952.95 0.76%
  1. Power Grid Corporation Of India share price
  2. 316.85 1.12%
  1. Tata Steel share price
  2. 167.90 0.39%
  1. ITC share price
  2. 436.50 -0.02%
  1. State Bank Of India share price
  2. 821.30 0.42%
Business News/ Markets / Live Blog/  Sensex Today | Share Market Live Updates: Benchmarks close at record high; Sensex at 74,740, Nifty at 22,660; Auto gains
BackBack

Sensex Today | Share Market Live Updates: Benchmarks close at record high; Sensex at 74,740, Nifty at 22,660; Auto gains

Sensex Today | Market Close Highlights : Foreign institutional investors (FIIs) net bought shares worth 1,659.27 crore, while domestic institutional investors (DIIs) sold 3,370.42 crore worth of stocks on April 5, provisional data from the NSE showed.

Sensex Today | Market Close Highlights : The NSE F&O ban list for April 8 includes Bandhan Bank, Hindustan Copper, SAIL and Zee Entertainment Enterprises. (Photo: Mint)Premium
Sensex Today | Market Close Highlights : The NSE F&O ban list for April 8 includes Bandhan Bank, Hindustan Copper, SAIL and Zee Entertainment Enterprises. (Photo: Mint)

Sensex Today | Market Close Highlights : Global shares rose on Monday as oil prices retreated from a six-month peak, while U.S. bond yields hit their highest since late November as investors continued to rein in bets on Federal Reserve interest rate cuts.

Europe's STOXX 600 index was 0.05% higher in early trading after falling 1.2% the previous week, while Germany's DAX was up 0.38% but Britain's FTSE 100 was 0.19% lower.

U.S. S&P 500 futures were down 0.2% after the index fell 0.9% last week and Nasdaq futures were off by a similar amount.

Stock markets have made a rocky start to the second quarter as the risk of a broader conflict in the Middle East pushed up oil prices. Strong U.S. economic data has also added to investor concerns about how much central banks will be able to lower borrowing costs.

Oil prices fell on Monday, however, as geopolitical tensions eased somewhat after Israel withdrew more soldiers from southern Gaza. Talks on a truce are making progress in Cairo and all parties have agreed on basic points, Egypt's state-affiliated Al-Qahera News TV channel reported.

Brent crude was last down 1.1% at $90.20 a barrel, after hitting a six-month high of $91.91 last week, when factors including a suspected Israeli attack on Iran's embassy in Syria added to upward pressure.

A much stronger-than-expected U.S. jobs report on Friday, which followed solid manufacturing data at the start of the week, caused investors to cut their bets on a June rate cut from the Fed.

Market pricing on Monday showed traders see a roughly 48% chance of a cut in June, down from around 59% a week ago.

The likelihood of rates staying higher for longer pushed 10-year U.S. Treasury yields to their highest since late November on Monday at 4.45%, up 7 basis points.

Investor focus this week will be on the U.S. consumer price index (CPI) report on Wednesday, which is expected to show core inflation, which strips out volatile energy and food prices, slowing to 3.7% in March from 3.8% the prior month.

If inflation data in the next two months show a downward trend, the Fed may still be open to a rate cut in June, said Vasu Menon, managing director of investment strategy at OCBC Bank in Singapore.

The European Central Bank sets interest rates on Thursday, with investors looking for a green light from officials that rate cuts will start in June after inflation slowed more than expected to 2.4% in March.

China mainland stocks reopened after extended holidays from Thursday, with the blue-chip gauge 0.88% lower. Hong Kong's Hang Seng Index rose 0.07% while Japan's Nikkei 225 climbed 0.91%

Spot gold hit a new record high at $2,353.80 an ounce, and was last up 0.3%.

08 Apr 2024, 03:45:41 PM IST

Stock Market Today Live : Closing Bell

Stock Market Today Live : Indian benchmark indices closed at record highs on Monday, ahead of the start of the earnings season, and following positive cues from global peers.

Sensex, which had opened higher at 74,555.44, created a fresh all-time high of 74,869.30 during intraday trades. At close, Sensex was at 74,742.50, up 494.28 points, or 0.67%.

Meanwhile, the Nifty 50, which opened higher at 22,578.35, climbed to a fresh peak of 22,697.30 during the session. At close, the Nifty 50 was at at 22,666.30, up 152.60 points, or 0.68%.

Eight of the 30 stocks on the Sensex closed in the red, with gains led by Maruti Suzuki India, Mahindra & Mahindra, NTPC, JSW Steel, and Larsen and Toubro, while Nestle India, Wipro, Sun Pharma, TCS, and HDFC Bank, emerged as the top drags at close.

Meanwhile, on the Nifty 50, 13 of the 50 stocks closed in the red, with losses led by Adani Ports & SEZ, Nestle India, Apollo Hospital Enterprises, Wipro, and Sun Pharma, while the top gainers for the day were Eicher Motors, Mahindra & Mahindra, Maruti Suzuki India, NTPC, and SBI Life.

The broader market ended mixed, failing to match the gains made by the benchmark indices. The BSE SmallCap index closed down 0.06%, while the BSE MidCap index gained 0.26%.

Meanwhile, alross sectors, barring the PSU Bank, Media and IT indices, which were down 0.89%, 0.77%, and 0.52%, all other sectoral indices ended the day in the green. Gains were led by the Auto index, which closed up 2.16%, followed by the Oil & Gas, Realty and Metal indices, which closed up 1.45%, 1.33% and 1.10%, respectively.

Other heavyweight indices like Consumer Durables, Bank, Financial Services, Health, Pharma and FMCG also ended the day in the green.

Among corporates, Info Edge shares jumped more than 9% after company said its standalone billings increased 5.48% YoY in FY24 to 2,495 crore, while

Nykaa shares closed more than 6.5% higher after company said it saw growth accelerate in Q4FY24. Meanwhile, Cochin Shipyard shares gained more than 5% with the company signing a ship repair agreement with the US Navy.

08 Apr 2024, 03:12:57 PM IST

Stock Market Today Live : Sector Indices Heat Map

Stock Market Today Live : Barring the PSU Bank, Media and IT indices, all other sectoral indices were in the green, with gains led by the Auto index, which was up 2.12%, followed by the Oil & Gas, Realty and Metal indices, which were up 1.41% and 1.36%, respectively.

Other heavyweight indices like Consumer Durables, Bank, Financial Services, Health and Pharma were also up.

View Full Image
08 Apr 2024, 03:09:25 PM IST

Stock Market Today Live : Broader market indices heat map

Stock Market Today Live : The broader market, although in the green, did not match the gains made by the benchmark indices, with the BSE SmallCap index gaining only 0.03%, and the BSE MidCap index gaining 0.31%. 

View Full Image
08 Apr 2024, 03:07:18 PM IST

Stock Market Today Live : Gainers and Losers on Nifty

Stock Market Today Live : 12 of the 50 stocks on the Nifty 50 were in the red, with losses led by Adani Ports & SEZ, Nestle India, Apollo Hospital Enterprises, Wipro, and LTIMindtree, while the top gainers were Eicher Motors, Maruti Suzuki India, Mahindra & Mahindra, JSW Steel, and SBI Life. 

View Full Image
08 Apr 2024, 03:04:50 PM IST

Stock Market Today Live : Gainers and Losers on Sensex

Stock Market Today Live : Seven of the 30 stocks on the Sensex were in the red. Gains were led by Maruti Suzuki India, Mahindra & Mahindra, JSW Steel, NTPC, and Reliance Industries, while Nestle India, Wipro, Sun Pharma, HCLTech, and Infosys, were the top drags. 

View Full Image
08 Apr 2024, 03:02:04 PM IST

Stock Market Today Live : 3 pm Market Update

Stock Market Today Live : Indian benchmark indices hit fresh all-time highs on Monday, ahead of the start of the earnings season, and following positive cues from global peers.

At 3 pm, Sensex was up 534.96 points, or 0.72%, at 74,783.18, and Nifty was up 164.45 points, or 0.73%, at 22,678.15.

08 Apr 2024, 02:57:13 PM IST

Stock Market Today Live : Exide Industries subsidiary enters into strategic partnership with Hyundai Motor Company, Kia Corporation for development, production and supply of battery cells

Stock Market Today Live : Exide Energy Solutions confirmed to the stock exchanges today that it has entered into a strategic partnership with Hyundai Motor Company and Kia Corporation for the development, production and supply of battery cells.

In an exchange filing, the company said, "Exide Energy Solutions Limited, the wholly owned unlisted subsidiary of Exide Industries Limited, has signed a non-binding Memorandum of Understanding (MOU) with Hyundai Motor Company and Kia Corporation for strategic co-operation in India's EV market. According to this MOU, both the parties will work together for development, production and supply of battery cells for Hyundai Motor's electric vehicles dedicated to the Indian market".

08 Apr 2024, 02:50:42 PM IST

Stock Market Today Live : Jana Small Finance Bank partners with Kotak Mahindra Life Insurance Company Limited to offer life insurance to its customers

Stock Market Today Live : Jana Small Finance Bank informed the exchanges today that it has entered into a partnership with Kotak Mahindra Life Insurance Company to offer life insurance products to to its customers.

In an exchange filing, the company said, "We wish to inform that the Bank has partnered with Kotak Mahindra Life Insurance Company Limited to offer life insurance to the Customers of the Bank. Further, the partnership will help 52 lakh customers of the Bank with a wide range of life insurance products offered by Kotak Life, including long-term savings and retirement solutions".

08 Apr 2024, 02:36:32 PM IST

Stock Market Today Live : Mazagon Dock Shipbuilders posts FY24 turnover at ₹9,400 crore, up 20% YoY

Stock Market Today Live : Mazagon Dock Shipbuilders today informed the exchanges about its FY24 turnover at 9,400 crore, up more than 20% from FY23 turnover of 7,827.18 crore.

In an exchange filing, the company said, "We wish to inform that Mazagon Dock Shipbuilders Limited recorded a turnover of 9400.00 crore approx. (provisional and unaudited) for the financial year ended on 31 March 2024 (corresponding figure for the previous year was Rs. 7827.18 crore)".

08 Apr 2024, 02:29:18 PM IST

Stock Market Today Live : Can PVR Inox script a turnaround?

Stock Market Today Live : PVR Inox Ltd, a multiplex chain operator, appears to be the lead character in its own unfortunate narrative. Despite a thriving bull market, its stock has yielded negative returns over the past year. The absence of significant Bollywood or Hollywood hits in the quarter ending March (Q4FY24) suggests that the market is preparing for another unimpressive quarter. (Read the full story here.)

08 Apr 2024, 02:08:33 PM IST

Stock Market Today Live : Beyond tea and salt: How Sunil D’Souza plans to spice up Tata’s FMCG pie

Stock Market Today Live : In September 2019, Sunil D'Souza, who had previously held the position of Managing Director at Whirlpool India, a company known for manufacturing appliances like refrigerators and washing machines, was contacted by Egon Zehnder, a firm specializing in executive search.

The call was regarding an opportunity at Tata Global Beverages, the beverage division of the Tata Group. They were in the process of searching for a Chief Executive Officer (CEO) and wanted to know if he would be interested. (Read the full story here.)

08 Apr 2024, 02:03:05 PM IST

Stock Market Today Live : 2 pm Market Update

Stock Market Today Live : Indian benchmark indices hit fresh all-time highs on Monday, ahead of the start of the earnings season, and following positive cues from global peers.

At 2 pm, Sensex was up 452.66 points, or 0.61%, at 74,700.88, and Nifty was up 134.50 points, or 0.6%, at 22,648.20.

08 Apr 2024, 01:43:45 PM IST

Stock Market Today Live : Swarnendu Bhushan, Co. Head of Research - Institutional Equities, Prabhudas Lilladher gives view on Q4FY24 earnings of Automobiles sector; says 2W & PV segment to outperform with strong volume expansion, and benign commodity price to aid in margin expansion

Stock Market Today Live : "We anticipate 4QFY24 to deliver strong revenue/EBITDA growth of 15.5%/31% YoY mainly led by PV and 2W/3W companies as they continue to deliver strong volume. Benign commodity prices along with healthy volume growth could result in operating leverage benefit which should aid margins. From our OEM coverage universe, we expect (1) aggregate revenue to expand by ~16% YoY (~14% excl JLR), owing to robust volume in growth in PV and 2W segment (2) EBITDA to grow by ~31% YoY, (3) aggregate ASP to remain flat as compared to last year, however, we forecast sequential recovery of ~11%. For our coverage universe we change our FY24-26E revenue estimates by -2% to +5% and EBITDA estimates by -2% to +7%. Maruti Suzuki & MM are our preferred picks. We downgrade BJAUT from “REDUCE" to “SELL" as the valuation is expensive and continued performance is already priced in."

--Swarnendu Bhushan, Co. Head of Research - Institutional Equities, Prabhudas Lilladher

08 Apr 2024, 01:39:11 PM IST

Stock Market Today Live : Info Edge shares jump more than 9% after company says standalone billings increased 5.48% YoY in FY24 to ₹2,495 crore

Stock Market Today Live : On April 7, Info Edge disclosed its Q4 business update for FY24. The firm witnessed a 5.48% YoY increase in its standalone billings for Q4 FY24, amounting to 2,495.9 crore, a rise from 2,366.3 crore during the same period the previous year. The company stated in an exchange filing that the data for the quarter and year ending March 31, 2024, is preliminary and subject review and approval by. Standalone billings for the quarter ending March 31, 2024, saw a significant surge of over 10%, reaching 826.9 crore, compared to 748.6 crore in the corresponding quarter of the previous year. The company's recruitment solution segment reported standalone billing of 1,883.2 crore for the year ending March 31, 2024. This represents a 1.81% YoY growth compared to the previous year. Furthermore, the recruitment solution segment recorded a 7.1% QoQ growth.

08 Apr 2024, 01:31:05 PM IST

Stock Market Today Live : Grasim Industries' B2B e-commerce business Birla Pivot hits ₹1,000 crore revenue in first year of operations in FY24; aims for $1 billion revenue in next 3 years

Stock Market Today Live : Grasim Industries today informed the exchanges that its B2B e-commerce arm Birla Pivot had hit the mark of 1,000 crore in revenues in first year of its operation in FY24.

The B2B business, which offers a wide range of products, now encompassing more than 35 product categories and over 18,000 SKUs sourced from 150+ Indian and international brands, aims to hit $1 billion in revenues in the next three years, the company said in its exchange filing.

08 Apr 2024, 01:23:53 PM IST

Stock Market Today Live : Royal Orchid Hotels unveils its eighth hotel in Himachal Pradesh in Kasauli

Stock Market Today Live : Royal Orchid Hotels informed the exchanges today that it has started its eighth hotel in the state of Himachal Pradesh in Kasauli. In an exchange filing, the company said, "Royal Orchid Hotels announced the opening of its 8th hotel in the state, Velmore by Royal Orchid in the hill town of Kasauli".

The company added that the timing of the opening of the new hotel coincides with the onset of the Indian summer, which will attract families and tourists alike.

08 Apr 2024, 01:02:21 PM IST

Stock Market Today Live : 1 pm Market Update

Stock Market Today Live : Indian benchmark indices hit fresh all-time highs on Monday, ahead of the start of the earnings season, and following positive cues from global peers.

At 1 pm, Sensex was up 560.18 points, or 0.75%, at 74,808.40, and Nifty was up 157.35 points, or 0.74%, at 22,681.05.

08 Apr 2024, 12:46:30 PM IST

Stock Market Today Live : Nykaa shares jump more than 7% after company sees growth accelerate in Q4FY24, with YoY GMV growth pegged in the early thirties at consolidated level

Stock Market Today Live : Nykaa saw growth accelerate in Q4FY24 with strong GMV growth of early thirties at a consolidated level, on a YoY basis.

The company expects NSV and revenue growth for the quarter to be in the high twenties on a YoY basis. With this, its full financial year 2024 revenue growth is estimated to be in mid-twenties YoY.

The company's BPC vertical GMV for the quarter is expected to grow around thirty percent, and NSV growth is expected to be in mid-twenties on a YoY basis.

Fashion vertical GMV for the quarter is expected to grow in the high twenties, and NSV growth is expected to be in the mid-twenties on a YoY basis.

Others vertical which predominantly constitutes Superstore by Nykaa (eB2B platform), continues to scale exponentially. Others vertical GMV growth for the quarter is expected to be mid-sixties and NSV growth is expected to be around eighty percent on a YoY basis.

08 Apr 2024, 12:42:26 PM IST

Stock Market Today Live : Cochin Shipyard shares up more than 6.5% after company signs ship repair agreement with US Navy

Stock Market Today Live : On April 6, Cochin Shipyard announced its signing of the Master Shipyard Repair Agreement (MSRA) with the United States Navy. The company qualified for the MSRA following a comprehensive evaluation and capability assessment by the US Navy's Military Sealift Command, as stated in a regulatory filing. In the previous week, the company entered into a contract with Hindustan Aeronautics valued at 1,173.42 crore. On January 31, it secured an order from a European client for the design and construction of a hybrid service operation vessel (SOV), set to be delivered in 2026, which is estimated to cost around 500 crore.

08 Apr 2024, 12:22:58 PM IST

Stock Market Today Live : Bandhan Bank's Ghosh not to be part of board post retirement

Stock Market Today Live : Chandrashekhar Ghosh, the founder and managing director of Bandhan Bank, has confirmed that he will not continue on the bank's board in a non-executive capacity after his retirement on July 9.

In a discussion with analysts and investors, Ghosh stated that the board will initiate the process of identifying his successor, with the expectation of finalizing candidate names by July. He further explained that his abrupt decision to resign was entirely voluntary, and the Reserve Bank of India (RBI) was not involved in his decision to step down. (Read the full story here.)

08 Apr 2024, 12:09:52 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Barring PSU Bank index, which was down 0.90%, all other sectoral indices were in the green, led by Auto and Realty indices, which were up more than 2%, each. Following them were the Consumer Durables, and Oil & Gas indices, which were up 1.60%, and 1.07%, respectively. 

View Full Image
08 Apr 2024, 12:07:36 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was in the green, with the BSE SmallCap index up 0.30%, and the BSE MidCap index up 0.48%. 

View Full Image
08 Apr 2024, 12:06:36 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : Eicher Motors, Maruti Suzuki India, Mahindra & Mahindra, Reliance Industries, and Shriram Finance, were the top gainers on the Nifty 50, while Adani Ports & SEZ, Apollo Hospital Enterprises, Nestle India, Adani Enterprises, and Wipro, were the top drags. 

View Full Image
08 Apr 2024, 12:04:40 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Only six of the 30 stocks on the Sensex, were in the red at noon, with Nestle India, Sun Pharma, HDFC Bank, Wipro, and Bajaj Finance emerging as the top drags, and Maruti Suzuki India, Mahindra & Mahindra, Reliance Industries, JSW Steel, and Axis Bank, gaining the most. 

View Full Image
08 Apr 2024, 12:02:16 PM IST

Stock Market Today Live : 12 pm Market Update

Stock Market Today Live : Indian benchmark indices hit fresh all-time highs on Monday, ahead of the start of the earnings season, and positive cues from global peers.

At 12 pm, Sensex was up 440.46 points, or 0.59%, at 74,688.68, and Nifty was up 131.15 points, or 0.58%, at 22,644.85.

08 Apr 2024, 11:56:12 AM IST

Stock Market Today Live : Godrej Properties shares up 6.7% as it sells homes worth over ₹3,000 crores within 3 days of the launch of its project in Gurugram, Haryana

Stock Market Today Live : Godrej Properties informed the exchanges today that it has sold over 1,050 homes with over 2 million square feet area in its project in Gurugram, Haryana.

The company said its project, Godrej Zenith, located in Sector 89, Gurugram has proven to be its most successful launch in terms of the value and volume of sales achieved.

08 Apr 2024, 11:49:03 AM IST

Stock Market Today Live : MG Motor India, Adani TotalEnergies E-Mobility sign MoU to strengthen EV ecosystem

Stock Market Today Live : Adani TotalEnergies E-Mobility Limited, a wholly owned subsidiary of Adani Total Gas Limited, and a part of the diversified Adani group and MG Motor India today signed a Memorandum of Understanding (MoU) to strengthen the EV charging infrastructure in India.

According to the MoU, Adani TotalEnergies E-Mobility will set up CC2 60 kW DC chargers at upcoming MG dealerships to bolster the charging network and enhance customer accessibility. The partnership will also provide a comprehensive solution encompassing supply, installation, commissioning, operations, and maintenance of charging infrastructure.

Under this strategic partnership, both parties shall explore the potential of integrating public charging stations across platforms by leveraging advanced application programming interfaces (APIs) to enhance network visibility and accessibility, Adani Total Gas said in an exchange filing.

08 Apr 2024, 11:31:37 AM IST

Stock Market Today Live : Capri Global Capital disburses new car loans over ₹10,000 crore in FY24, up 75% YoY; targets 25% growth for FY25

Stock Market Today Live : Capri Global Capital informed the exchanges today that it has disbursed new car loans worth over 10,000 crore in FY24, up 75% YoY. In an exchange filing, the company said it furter targets to grow its portfolio by 25% in the next year and expand its footprint in southern India.

The company said "Capri Global Capital Ltd, a leading non-banking financial company, achieved a remarkable 75% year-on-year (y-o-y) growth in new car loans and disbursed over Rs. 10,000 crore to around 94,000 customers. This represents approximately 2.5%of India's total passenger vehicle market".

08 Apr 2024, 11:26:47 AM IST

Stock Market Today Live : Aurobindo Pharma appoints T. Vijaya Kumar as President, R&D (Specialty Drug Delivery)

Stock Market Today Live : Aurobindo Pharma informed the exchanges today that it has appointed T. Vijaya Kumar as President, R&D (Specialty Drug Delivery).

In an exchange filing, the ocomany said the appointment of T. Vijaya Kumar, who holds a Masters in Pharmacy from Gulbarga University, with specialization in Pharmaceutical Technology, is effective from 5 April.

08 Apr 2024, 11:15:07 AM IST

Stock Market Today Live : Edelweiss Financial Services announces ₹ 200 crore via public issue of secured NCDs

Stock Market Today Live : Edelweiss Financial Services today informed the exchanges of the opening of the public issue of Secured Redeemable Non-Convertible Debentures of the face value of 1,000 each for an amount up to 100 crore (Base issue size), with a green shoe option of up to 100 crore, cumulatively aggregating up to 200 crore.

The company said there are twelve series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly, and cumulative interest options. It added that the effective annual yield for NCDs ranges from 9.00% p.a. to 10.46% p.a, with the Issue scheduled to open on 8 April 2024, and close on 23 April 2024.

The company said at least 75% of the funds raised will be used for the purpose of repayment/prepayment of interest and principal of existing borrowings, and the balance amount utilized for general corporate purposes, subject to such utilization not exceeding 25% of the amount raised in the Issue.

08 Apr 2024, 11:02:00 AM IST

Stock Market Today Live : 11 am Market Update

Stock Market Today Live : Indian benchmark indices hit fresh all-time highs on Monday, ahead of the start of the earnings season, and positive cues from global peers.

At 11 am, Sensex was up 382.77 points, or 0.52%, at 74,630.99, and Nifty was up 112.70 points, or 0.5%, at 22,626.40.

08 Apr 2024, 10:57:49 AM IST

Stock Market Today Live : Will investing in bonds be made easier in India?

Stock Market Today Live : Indian investors have shown a preference for fixed income and equity, but bonds have yet to gain popularity. The reluctance to invest in bonds is heightened by a lack of information and liquidity issues. The presence of dual regulatory bodies, with the Reserve Bank of India (RBI) managing government bonds and the Securities and Exchange Board of India (SEBI) supervising corporate bonds, has not facilitated significant market reforms. Even now, basic details such as yield and interest, which are inherent but unpaid, are not exhibited on exchanges where small quantities of bonds are traded. (Read the full story here.)

08 Apr 2024, 10:35:14 AM IST

Stock Market Today Live : Som Distilleries & Breweries starts commercial production at Karnataka plant

Stock Market Today Live : Som Distilleries & Breweries informed the exchanges today that it has started commercial production at its Karnataka facility. This increases the company's production capacity to 140 lakh cases of beer per annum from 90 lakhs earlier.

In an exchange filing, the company said, "We have the pleasure in informing the stock exchanges that we have commenced commercial production from today on the increased capacity at our Karnataka plant. After the increase our capacity now stands at 140 lakh cases of beer per annum from the 90.00 lakhs capacity installed earlier.

The company said that with this development, the company will be able to cater to increased demand from Karnataka as well as meet the requirements of the neighbouring states like Kerala, Pondicherry, etc.

08 Apr 2024, 10:30:55 AM IST

Stock Market Today Live : Adani Green Energy shares jump more than 2.5% as it unveiled plans to invest ₹1.5 trillion to grow capacity

Stock Market Today Live : The company has announced plans to invest approximately 1.5 trillion by 2030 to establish the world's largest renewable energy plant at the Khavda renewable energy park in Gujarat. This plant, with a capacity of 30 gigawatts, was revealed by the company's head, Vneet Jaain, during a media interaction on Saturday. This project is part of Adani Group's broader strategy to reach an installed renewable energy capacity of 45 gigawatts in India by 2030. The plan includes the development of 26 gigawatts of solar energy and 4 gigawatts of wind energy. At present, AGEL's renewable portfolio spans across 12 states, with an operating capacity of 10.93 gigawatts, which includes 7.39 gigawatts of solar, 1.4 gigawatts of wind, and 2.14 gigawatts of hybrid energy. Jaain, the Managing Director of AGEL, shared with the media that the company has already commissioned 2 gigawatts of solar capacity at the park. An additional 4 gigawatts is set to be installed in the current financial year (FY25), primarily focusing on solar energy.

08 Apr 2024, 10:19:58 AM IST

Stock Market Today Live : Expat exits: Why foreign-born CEOs don’t last the distance in Indian IT firms

Stock Market Today Live : The departure of Thierry Delaporte from his position as the CEO of Wipro comes a year after Brian Humphries, another foreign CEO, was dismissed by the board of Cognizant. There are certain challenges in India that expats have found difficult to navigate, beyond the management of profit and loss. One such challenge is the cultural aspect. (Read the full story here.)

08 Apr 2024, 10:16:17 AM IST

Stock Market Today Live : A phone call, a discussion, and a firing: Behind Delaporte's Wipro exit

Stock Market Today Live : During a phone call in late March, Rishad Premji, the chair of Wipro Ltd, requested that CEO Thierry Delaporte step down. Delaporte, who is French, was interested in knowing if he would be granted a second term at the company, which has been lagging behind its competitors and experiencing a departure of employees.

Delaporte, whose tenure of five years was set to conclude on July 5, 2025, expressed to Premji that Wipro, the fourth largest IT services company in India, should see improvement in the latter half of FY25. This sentiment was shared by two executives privy to the call, even though Wipro's growth is not anticipated during the April-October period.

Mint was unable to determine the specific internal growth figures discussed during the call. However, it is projected that Wipro, which is set to announce its earnings on April 19, will experience a decrease in its annual revenue. (Read the full story here.)

08 Apr 2024, 10:08:49 AM IST

Stock Market Today Live : Wipro shares were down nearly 1% following news that Thierry Delaporte, the inclumbent CEO and MD, was set to leave the company on May 31

Stock Market Today Live : Thierry Delaporte, the CEO and MD of Wipro, has stepped down from his role, as announced in a regulatory filing by the company on April 6. His term as CEO was originally set to conclude in July 2025, but it was prematurely ended with his resignation announced late on Saturday. Delaporte will be officially relieved of his CEO duties from May 31, 2024. Srinivas Pallia, the former CEO of the company's America region and a veteran of the company with over three decades of service, will assume the role of the new CEO and MD from April 7, 2024. His tenure will last for five years, as stated by the company in its Saturday statement.

08 Apr 2024, 10:02:12 AM IST

Stock Market Today Live : 10 am Market Update

Stock Market Today Live : Indian benchmark indices were up on Monday, led by positive cues from global peers.

At 10 am, Sensex was up 314.32 points, or 0.42%, at 74,562.54, and Nifty was up 75.80 points, or 0.34%, at 22,589.50.

08 Apr 2024, 09:50:27 AM IST

Stock Market Today Live : Signature Global says pre-sales accruals grew 112% in FY24 to ₹7,270 crores; collections rose 62% to ₹3,110 crore

Stock Market Today Live : Signature Global posted quarterly and annual pre-sales of 4,140 crore and 7,270 crore in Q4 and FY24, respectively, with the year on year growth rates of 240% for the fourth quarter and 112% for the full year.

It has significantly exceeded its guidance of 4,500 crore in FY24, due to the successful launch of its first ever premium housing project.

The company’s collections in FY24 grew 62% to 3,110 crore, beating its annual guidance of 2,900 crore. Its sales realisation soared 49% to 11,762 per sq. ft in FY24 compared to 7,886 per sq. ft in ,FY23.

Net debt stood at 1,160 crore at the end of FY24 in comparison to 1,090 crore in FY23.

08 Apr 2024, 09:36:14 AM IST

Stock Market Today Live : Nykaa says growth accelerated in Q4FY24, with YoY GMV growth pegged in the early thirties at consolidated level

Stock Market Today Live : Nykaa saw growth accelerate in Q4FY24 with strong GMV growth of early thirties at a consolidated level, on a YoY basis.

The company expects NSV and revenue growth for the quarter to be in the high twenties on a YoY basis. With this, its full financial year 2024 revenue growth is estimated to be in mid-twenties YoY.

The company's BPC vertical GMV for the quarter is expected to grow around thirty percent, and NSV growth is expected to be in mid-twenties on a YoY basis.

Fashion vertical GMV for the quarter is expected to grow in the high twenties, and NSV growth is expected to be in the mid-twenties on a YoY basis.

Others vertical which predominantly constitutes Superstore by Nykaa (eB2B platform), continues to scale exponentially. Others vertical GMV growth for the quarter is expected to be mid-sixties and NSV growth is expected to be around eighty percent on a YoY basis.

08 Apr 2024, 09:27:38 AM IST

Stock Market Today Live : Sector Indices Heat Map

Stock Market Today Live : Barring PSU Bank, which was down 0.29%, all other sectoral indices were in the green, with Consumer Durables leading the gains at 2.22%, followed by Realty and Oil & Gas, which were up 1.25% and 0.90%, respectively. 

View Full Image
08 Apr 2024, 09:24:45 AM IST

Stock Market Today Live : Broader market indices heat map

Stock Market Today Live : The broader market had gained, with the BSE SmallCap index up 0.63%, and the BSE MidCap index up 0.39%.

View Full Image
08 Apr 2024, 09:22:35 AM IST

Stock Market Today Live : Gainers and Losers on Nifty

Stock Market Today Live : BPCL, Tata Steel, Axis Bank, Titan and Shriram Finance, were the top gainers on the Nifty 50, while Adani Ports & SEZ, Apollo Hospital Enterprises, Divi's Lab, Wipro, and ICICI Bank, were the top drags on the benchmark index. 

View Full Image
08 Apr 2024, 09:20:24 AM IST

Stock Market Today Live : Gainers and Losers on Sensex

Stock Market Today Live : Wipro, Bharti Airtel, Sun Pharma, and UltraTech Cement, were the only stocks in the red on Monday morning on the Sensex. Tata Steel, Bajaj Finserv, JSW Steel, Axis Bank and Titan were the top gainers on the benchmark index. 

View Full Image
08 Apr 2024, 09:17:18 AM IST

Stock Market Today Live : Opening Bell

Stock Market Today Live : Indian benchmark indices jumped at open on Monday, led by positive cues from global peers.

At opening bell, Sensex was up 222.97 points, or 0.30%, at 74,471.19, and Nifty was up 68 points, or 0.3%, at 22,581.70.

08 Apr 2024, 09:14:19 AM IST

Stock Market Today Live : Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher gives technical forecast for Bank Nifty

Stock Market Today Live : Banknifty outperformed the Nifty index during the week breaching above the previous peak zone of 48,160 levels and is almost on the verge of retesting the all-time high of 48,636 levels in the coming days. Once a confirmation is established, the index would have the next target of 49,800 levels with most of the frontline banking stocks looking well poised for the pickup. Banknifty would have the daily range of 48,000-49,000 levels.

08 Apr 2024, 09:13:05 AM IST

Stock Market Today Live : Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher gives technical forecast for Nifty 50

Stock Market Today Live : Nifty has been hovering within a tight range between the 22,300 and 22,550 during this week with bias maintained positive and sentiment improving to some extent to anticipate for further rise in the coming days.

The index would need to decisively breach above the 22.550 zone to establish conviction for further upward move having targets of 22,800 and 23,200 levels in the coming days. The support for the day is seen at 22,350 level while the resistance would be seen at 22,650.

08 Apr 2024, 09:10:55 AM IST

Stock Market Today Live : Benchmark indices jump at pre-open

Sensex Today Live : Indian benchmark indices were up at pre-open on Monday, following positive cues from global markets.

Sensex was up 307.22 points, or 0.41%, at 74,555.44, and Nifty was up 64.65 points, or 0.29%, at 22,578.35 during pre-open.

08 Apr 2024, 09:07:36 AM IST

Stock Market Today Live : Lemon Tree opens its ninth property in Uttarakhand with Lemon Tree Hotel, Rishikesh

Stock Market Today Live : Lemon Tree Hotels today informed the exchanges that it has opened its ninth property in the state of Uttarakhand with the launch of Lemon Tree Hotel, RIshikesh. The company, in an exchange filing, said, the property features 126 rooms & suites, banquet facility, restaurants, a fitness center and other public areas

This hotel, with 126 keys will open in two phases. While 108 rooms and suites opened on Subday, along with Citrus Café – a multi-cuisine coffee shop, an expansive banquet space, fitness center, and swimming pool as a part of phase I of the launch, the remaining rooms, a sprawling garden, a rejuvenating spa, Slounge – A Terrace Bar, and Pool Bar & Grill will open shortly thereafter, as part of phase II.

The hotel is located in Tapovan, a popular and spiritually significant area in Rishikesh, making it an ideal destination for leisure travellers.

08 Apr 2024, 09:02:18 AM IST

Stock Market Today Live : Aurobindo Pharma reports security incident at Andhra Pradesh facility of its subsidiary

Stock Market Today Live : Aurobindo Pharma today informed the exchanges that a manufacturing facility of its subsidiary Apitoria Pharma had a security incident on April 6.

In an exchange filing, the company said, "On April 6, 2024 at around 11:30 PM (IST), an accident occurred near Vacuum Tray Dryer (VTD) area at Unit 6 of Apitoria Pharma Private Limited, situated at Parawada, Anakapalli District, Andhra Pradesh. Unfortunately, there was one casualty due to the accident. The unit continues its normal operations".

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