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Business News/ Markets / Live Blog/  Sensex Today Live Updates: Markets close at record high, Sensex up 2,500pts, Nifty at 23,260; PSB, O&G, Realty rally
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Sensex Today Live Updates: Markets close at record high, Sensex up 2,500pts, Nifty at 23,260; PSB, O&G, Realty rally

Sensex Today Live Updates : Foreign institutional investors (FIIs) net bought Indian equities worth 1,613.24 crore on May 31, while domestic institutional investors bought equities worth 2,114.17 crore the last day of the month.

Sensex Today Live : Indian stock futures jumped early on Monday and the rupee rose as exit polls pointed to a third term and sizable mandate for Prime Minister Narendra Modi, whom investors hope will spend on infrastructure and manufacturing to keep economic growth going. NIFTY 50 index futures were up about 2.7% in early trade and, at 23,350, indicated the index could touch new peaks when the cash market opens. (Image: Pixabay)Premium
Sensex Today Live : Indian stock futures jumped early on Monday and the rupee rose as exit polls pointed to a third term and sizable mandate for Prime Minister Narendra Modi, whom investors hope will spend on infrastructure and manufacturing to keep economic growth going. NIFTY 50 index futures were up about 2.7% in early trade and, at 23,350, indicated the index could touch new peaks when the cash market opens. (Image: Pixabay)

Sensex Today Live Updates : Indian shares set records, the rupee gained and bond yields dropped on Monday as exit polls indicated a decisive mandate and a third term for Prime Minister Narendra Modi, with investors eying public spending to maintain economic momentum.

The broader Nifty index rose as much as 3.59% to a record 23,338.70 points while the BSE index surged 3.76% to a lifetime peak of 76,738.89. By 0830 GMT, the markets had pulled back slightly and were trading up around 3% each.

The Nifty and BSE index have both nearly doubled in value since their close a day before election results in 2019.

The benchmark 10-year government bond yield touched 6.9421%, its lowest since April 8, 2022, falling 4 basis points from its previous close. The rupee strengthened to as much as 82.9575, its highest since March 19.

The 10-year edged up to 6.96% while the rupee was trading at 83.13 by 0830 GMT.

Weekend exit polls projected the alliance led by Modi's Bharatiya Janata Party (BJP) to increase its 303 seats in the 543-member lower house and likely get a two-thirds majority - enough to initiate amendments to the constitution.

A win had been widely expected but, if confirmed in the official results, the margin will be larger than analyst forecasts and will be seen as a positive for equity markets that have scaled record highs on the back of economic growth.

European stocks bounced and government bond yields dropped on Monday as investors looked forward to an interest rate cut from the European Central Bank (ECB), while U.S. jobs data kept the focus squarely on inflation.

The pan-European STOXX index was up 0.6% by 0850 GMT, while U.S. stock futures also rose.

In bond markets, the U.S. 10-year Treasury yield was down 4 basis points to 4.47% and German yields, which touched six-month highs last week, also dropped.

All focus was on the ECB, which is considered almost certain to trim rates by a quarter point to 3.75% on Thursday, which would make it the first major central bank to cut rates this cycle.

However a surprisingly high reading for euro zone inflation, out last week, further weakened the case for a rapid round of reductions. Markets now price in fewer than 60 basis points of easing now - meaning two 25-basis point cuts and less than a 50% chance of a third.

China's factory activity grew at the fastest pace in about two years in May, data showed on Monday. That extended the optimism prevailing in markets following Friday figures showing the U.S. Federal Reserve's preferred measure of inflation held steady in April.

Markets also imply around an 80% chance the Bank of Canada will cut at its meeting on Wednesday and around 60 basis points of easing this year, though analysts are hopeful the easing will be even deeper.

Investors are a lot less dovish on the Fed, seeing little prospect of a move until September, though the odds of a move then increased after Friday's inflation data. They price in only a 50% chance of a second cut by December.

The outlook could change this week given data due includes key surveys on services and manufacturing, and the May payrolls report in which unemployment is seen holding at 3.9% as 190,000 net new jobs are created.

In Europe, focus was also on a downgrade to France's credit rating by Standard & Poor's, but the country's bonds showed little reaction.

Emerging markets were in focus, with India's rupee strengthening and the Mexican peso weakening following exit poll results from general elections in both countries.

Asian stocks rose on the back of the strong Chinese data, along with prints from Japan and South Korea, while Indian stocks hit record highs.

Gold was steady at $2,327 an ounce, having now rallied for four months in a row helped in part by buying from central banks and China.

Oil prices see-sawed after OPEC agreed on Sunday to extend most of its oil output cuts into 2025, though some cuts will start to be unwound from October 2024 onwards. Brent was last up 0.3% to $81.35 a barrel, while U.S. crude was up similarly to $77.21 per barrel.

03 Jun 2024, 03:43:20 PM IST

Sensex Today Live : Closing Bell Wrap

Sensex Today Live : Indian benchmark indices closed at record highs on Monday, fuelled by a broadbased rally in stocks, primary among them being public sector banks, financial services, oil and gas companies, and realty stocks.

The markets were led higher on Monday on optimism about the incumbent BJP government coming back to power as indicated by the various exit polls for the 2024 Lok Sabha elections. Apart from that, better than expected GDP print for FY24 and other positive global cues added to the positive momentum on wednesday.

Suman Bannerjee, CIO of Hedonova, said, "The markets are riding a wave of optimism, propelled by the exit polls suggesting a decisive win for the NDA government, reflecting the sentiment driving the surge to an all-time high of 23,122. The upcoming election results could sustain this rally if the NDA wins, while any surprises might trigger volatility".

Sensex, which had opened at a record high of 76,583.29, climbed further to touch 76,738.89 in intraday trades, which is the 30-stock index's fresh all-time high. At close, the Sensex had pared some of the gains, to close at 76,468.78, up 2,507.47 points, or 3.39%.

Similarly, the Nifty 50, which had also opened at a record high of 23,337.90, created a fresh-all-time high by climbing to 23,338.70. At close, the 50-stock index was at 23,263.90, up 733.20 points, or 3.25%.

Three stocks, Sun Pharma, HCLTech, and Asian Paints, out of the 30 on the BSE Sensex ended in the red, while SBI, NTPC, Power Grid Corp., Larsen & Turbo, and Reliance Industries, were the top gainers for the day.

Meanwhile, seven out of the 50 stocks on the Nifty 50 index ended in the red. Eicher Motors, LTIMindtree, HCLTech, Sun Pharma, and Asian Paints, were the top drags, while Adani Ports and SEZ, SBI, NTPC, Power Grid Corp., and ONGC were the top gainers.

The broader market also ended in the green, with the BSE SmallCap index gaining 2.05% and the BSE MidCap index climbing 3.54%.

That apart, all the sectoral indices ended in the green, with the PSU Bank index in the lead, having gained 8.40%, followed by the Oil & Gas index, which was up 6.81%.

The Bank and Financial Services indices had both gained more than 4% each, while the Realty index had gained 5.95%.

Regarding Tuesday's session, which would coincide with the counting of votes for the 2024 Lok Sabha elections, and the future outlook of the markets, Paras Matalia, Fund Manager and Head of Equity Research at SAMCO Mutual Fund, said, "The election results will come out tomorrow and looking at last 2 NDA wins, they have usually beaten most exit poll results. If that happens this time too, markets might see further upside, especially the PSUs and sectors like defence, power, manufacturing and renewable energy benefitting from government's focus. Investors should stay invested although with caution now, as valuations have become pricier".

Further, a research note from Elara Securities India, stated, " For the next five years, we expect rail freight, maritime, urban housing, urban infrastructure, new energy, efficiency capex in power and GST reforms to be the new emerging growth areas".

03 Jun 2024, 03:12:47 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : All the sectoral indices were in the green, with the PSU Bank index in the lead, having gained 8.31%, followed by the Oil & Gas index, which was up 6.82%.

The Bank and Financial Services indices had both gained more than 3% each, while the Realty index had gained 5.86%.

03 Jun 2024, 03:09:54 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 gaining 2.06% and the BSE MidCap index climbing 3.40%. 

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03 Jun 2024, 03:08:31 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : 10 of the 50 stocks on the Nifty 50 index were trading in the red. Eicher Motors, LTIMindtree, HCLTech, Asian Paints, and Sun Pharma, were the top drags, while Adani Ports and SEZ, NTPC, Power Grid Corp., SBI, and ONGC were the top gainers. 

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03 Jun 2024, 03:04:34 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Five of the 30 stocks on the BSE Sensex were trading in the red. Power Grid Corp., NTPC, SBI, Larsen & Turbo, and UltraTech Cement were the top gainers, and HCLTech, Asian Paints, Sun Pharma, Sun Pharma, Nestle India, Infosys, were the top drags. 

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03 Jun 2024, 03:01:29 PM IST

Sensex Today Live : 3 pm market update

Sensex Today Live : Indian benchmark indices were trading at record highs on Monday, led by optimism about the incumbent government winning the 2024 Lok Sabha elections as indicated by various exit polls, combined with a better than expected GDP print for FY24 and other positive global cues.

At 3 pm, Sensex was up 2,381.90 points, or 3.22%, at 76,343.21 and Nifty was up 714.35 points, or 3.17%, at 23,245.05.

03 Jun 2024, 02:35:48 PM IST

Sensex Today Live : GE Vernova appoints Aashish Ghai as CFO after Yogesh Gupta moves to another position inside the company

Sensex Today Live : GE Vernova today announced that it has appointed Aashish Ghai as whole time director and CFO, after Yogesh Gupta resigned from the position.

The company, in an exchange filing, disclosed that Gupta will be taking up another role within the company.

03 Jun 2024, 02:24:38 PM IST

Sensex Today Live : Vakrangee acquires 18.5% stake in Vortex Engineering; now owns 27.3% of Vortex; shares climb

Sensex Today Live : Vakrangee today announced that it has entered into a Share Purchase Agreement for the acquisition of 18.5% equity of Vortex Engineering from Tata Capital Innovations Fund.

Consequent to the acquisition, Vakrangee's shareholding in Vortex Engineering will increase from 8.8% to 27.3%, the company said in an exchange filing.

03 Jun 2024, 02:17:14 PM IST

Sensex Today Live : Elara Securities India recommends to 'ACCUMULATE' Mrs Bectors Food Specialities

Sensex Today Live : Mrs Bectors Food Specialities Rating: ACCUMULATE

Target Price : 1,414

Upside : 12%

CMP : 1,265 (as on 31 May 2024)

Sensex Today Live : "We cut FY25E/26E earnings estimates 8%/5.8%, to factor in lower margin, higher depreciation and interest cost. We revise to Accumulate from Buy as the stock has run-up 19% in the past three months, with an unchanged TP of 1,414, as we assign 42x (from 40x due to improved outlook) on FY26E."

03 Jun 2024, 02:14:05 PM IST

Sensex Today Live : Vikram Kasat, Head of Advisory at Prabhudas Lilladher, says the market mantra has changed from 'BUY THE DIP' last month, to 'RIDE THE WAVE' in June

Sensex Today Live : "I have witnessed bulls being slaughtered and taken to the cleaners in 2008 and 2009. This time around, a similar fate could await the bears. Most on the street were pessimistic about Modi Ji's chances or were sitting on the sidelines. Now, very few will have the courage to participate on the upside. People will continue to clamor for a correction, but I believe every dip will be bought into. The month of June could be a defining one for the Bulls, so one should make the most of this opportunity and stay a bit greedy. Last month, I kept saying "BUY THE DIP"; this month's slogan is going to be "RIDE THE WAVE." More power to Modi Ji !!!?

--Vikram Kasat, Head of Advisory, Prabhudas Lilladher

03 Jun 2024, 02:01:40 PM IST

Sensex Today Live : 2 pm market update

Sensex Today Live : Indian benchmark indices were trading at record highs on Monday, led by optimism about the incumbent government winning the 2024 Lok Sabha elections as indicated by various exit polls, combined with a better than expected GDP print for FY24 and other positive global cues.

At 2 pm, Sensex was up 2,348.04 points, or 3.17%, at 76,309.35 and Nifty was up 708.25 points, or 3.14%, at 23,238.95.

03 Jun 2024, 01:27:35 PM IST

Sensex Today Live : India’s 8.2% GDP growth: We still have a long way to go

Sensex Today Live : The National Statistical Office (NSO) released the gross domestic product (GDP) estimates on May 31, 2024, revealing an impressive growth rate of 8.2% for the fiscal year 2023-24. This figure significantly outpaces the most optimistic predictions by brokerages and exceeds the Reserve Bank of India’s (RBI) estimate of 7% as of December 2023.

While these numbers may undergo revisions in the coming months, it is almost certain that the GDP deflator’s computation and the year’s net tax behavior have contributed to this increase in economic output. The GDP, calculated as gross value added plus taxes less subsidies, has shown a remarkable surge. (Read the full story here.)

03 Jun 2024, 01:13:01 PM IST

Sensex Today Live : Exit poll 2024 frenzy could be followed by profit booking after results, focus to shift on Budget, say experts

Sensex Today Live : Indian stock market indices, Sensex and Nifty 50, hit record highs on Monday, June 3, surging nearly 4% each. The surge was driven by the prospects of political stability and policy continuity, following the exit polls’ prediction of a decisive victory for the BJP-led NDA in the 2024 Lok Sabha elections.

The exit polls released on Saturday, June 1, projected that the NDA could secure between 350-370 seats. Despite the possibility of actual results varying from these predictions, experts opine that the formation of a non-NDA government is highly unlikely. (Read the full story here.)

03 Jun 2024, 01:01:37 PM IST

Sensex Today Live : 1 pm market update

Sensex Today Live : Indian benchmark indices were trading at record highs on Monday, led by optimism about the incumbent government winning the 2024 Lok Sabha elections as indicated by various exit polls, combined with a better than expected GDP print for FY24 and other positive global cues.

At 1 pm, Sensex was up 2,327.03 points, or 3.15%, at 76,289.03 and Nifty was up 701.30 points, or 3.11%, at 23,232.

03 Jun 2024, 12:47:25 PM IST

Sensex Today Live : IndiGo gives ambiguous reply to clarification sought by the bourses on reports of the airline considering to buy 100 smaller planes; shares up

Sensex Today Live : IndiGo airlines today gave an ambiguous replay to the clarification sought by the BSE and NSE regarding news reports of the airline considering to buy 100 smaller aircraft to improve regional connectivity.

In an exchange filing, the company said, "We keep all our options open at all times in order to serve our customers and drive growth for our organization."

"We would like to clarify that presently there are no (material) events which are required to be disclosed under Regulation 30 of SEBI (LODR) Regulations. The Company is cognizant of its obligations and will duly inform the exchanges and furnish the required information as and when the need arises," it added.

03 Jun 2024, 12:09:29 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : All the sectoral indices were trading in the green, with PSU Bank index leading the gains, having climbed 7%, followed by the Oil & Gas index, which was up 5.29%, and Realty index, which was up 4%.

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03 Jun 2024, 12:07:30 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was trading in the green, with the BSE SmallCap gaining 1.88% and the BSE MidCap climbing 3.29%.

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03 Jun 2024, 12:06:16 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : Only four stocks, Eicher Motors, LTIMindtree, HCLTech, and Britannia Industries, were trading in the red on the Nifty 50, while APSEZ, Power Grid Corp., SBI, NTPC, and BPCL were the top gainers. 

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03 Jun 2024, 12:04:27 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Barring one, all other stocks in the 30-stock BSE Sensex were trading in the green, with Power Grid Corp., SBI, NTPC, Axis Bank, and Larsen & Toubro, leading the gains. 

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03 Jun 2024, 12:02:31 PM IST

Sensex Today Live : 12 pm market update

Sensex Today Live : Indian benchmark indices were trading at record highs on Monday, led by optimism about the incumbent government winning the 2024 Lok Sabha elections as indicated by various exit polls, combined with a better than expected GDP print for FY24 and other positive global cues.

At 12 pm, Sensex was up 2,319.18 points, or 3.14%, at 76,280.49 and Nifty was up 700.75 points, or 3.11%, at 23,231.45.

03 Jun 2024, 11:58:08 AM IST

Sensex Today Live : Steel Strips Wheels' net sales decline 4.26% YoY in May to ₹342 crore; shares marginally up

Sensex Today Live : SSWL today announced that it has achieved net sales of 342.04 crore In May 2024, compared to 357.27 crore in May 2023, recording a decline of 4.26% YOY.

03 Jun 2024, 11:37:09 AM IST

Sensex Today Live : MOIL shares trade more than 4% higher after company increases prices of various grades of manganese ore

Sensex Today Live : The company announced a significant increase in the prices of various grades of manganese ore and electrolytic manganese dioxide (EMD) from the midnight of May 31.

03 Jun 2024, 11:36:00 AM IST

Sensex Today Live : Suzlon Energy shares frozen at 5% upper circuit after company bags 82 MW order from Oyster Green

Sensex Today Live : The company has secured a wind energy project of about 82 MW from Oyster Green Hybrid One Pvt Ltd. The company will install 26 wind turbine generators (WTGs), each having a rated capacity of 3.15 MW.

03 Jun 2024, 11:20:50 AM IST

Sensex Today Live : Canara Bank shares up more than 5% as company plans to raise ₹8,500 crore

Sensex Today Live : The bank has received approval to raise up to 8,500 crore this financial year through debt instruments. The bank plans to raise 4,000 crore through Basel-III compliant Additional Tier-I bonds and 4,500 crore through Tier-II bonds.

03 Jun 2024, 11:09:27 AM IST

Sensex Today Live : MosChip Technologies shares were frozen at 10% upper circuit after company bagged a contract ₹509 crore from CDAC

Sensex Today Live : The company has secured a contract worth 509.37 crore from the Centre for Development of Advanced Computing (CDAC). The contract involves the development of a high-performance computing (HPC) System on a Chip (SoC) using 5nm technology.

03 Jun 2024, 11:07:57 AM IST

Sensex Today Live : Zomato shares were trading in the red, after the company requested users to avoid ordering during peak afternoon hours

Sensex Today Live : The company asked its customers to avoid ordering food during the peak afternoon hours due to intense heatwave conditions across the country.

03 Jun 2024, 11:05:19 AM IST

Sensex Today Live : Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, says with DIIs, HNIs and retail turning buyers, short covering will add to the momentum

Sensex Today Live : "Fundamentals, technicals and sentiments turning favourable at the same time are rare in the market. This is what has happened now. The market went into the big event, elections, very light with Nifty correcting around 600 points from the May highs. Profit booking also happened on a large scale. The short position in the market also is high.

All these are going to change dramatically. DIIs, HNIs, retail ...are all going to turn buyers. Short-covering can add to the momentum.

The rally is likely to be led by largecaps. Stocks like RIL, ICICI Bank, HDFC Bank, Kotak Bank, Axis Bank, Bajaj Finance, Bharti Airtel, L & T, M&M, Tata Motors, Bajaj Auto, Eicher Motors are fundamentally strong largecaps with potential to lead the rally. IT stocks like TCS, Infy, HCL Tech, Coforge, Persistent and L&T Tech offer contrarian buying opportunities.

The GDP numbers which came on Friday were better than expected with 8.2% growth. This will provide fundamental support to the market. S&P’s upward revision of India’s rating outlook also is positive."

--Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

03 Jun 2024, 11:02:17 AM IST

Sensex Today Live : 11 am market update

Sensex Today Live : Indian benchmark indices were trading at record highs on Monday, led by optimism about the incumbent government winning the 2024 Lok Sabha elections as indicated by various exit polls, combined with a better than expected GDP print for FY24 and other positive global cues.

At 11 am, Sensex was up 2,014.95 points, or 2.72%, at 75,976.26 and Nifty was up 614.40 points, or 2.73%, at 23,145.10.

03 Jun 2024, 10:58:26 AM IST

Sensex Today Live : HSBC India manufacturing PMI for May at 57.5, compared to 58.8 in April

Sensex Today Live : India’s manufacturing growth, as indicated by the HSBC final India Manufacturing Purchasing Managers’ Index (PMI), dipped to 57.5 in May from April’s 58.8, below a preliminary estimate of 58.4.

The manufacturing sector remained in expansionary territory in May, albeit the pace of expansion slowed, led by a softer rise in new orders and output.

New export orders rose at the fastest pace in over 13 years, with a broad-based demand across geography.

03 Jun 2024, 10:41:34 AM IST

Sensex Today Live : Godfrey Phillips shares down more than 2% on reports of brewing tiff between promoter family

Sensex Today Live : Samir Modi, executive director of Godfrey Phillips, has lodged a complaint against his mother, Bina Modi, accusing her of instigating an attack on him. The incident occurred during a board meeting on May 30, further escalating the family dispute over the late KK Modi’s 11,000-crore estate. Samir alleges that his mother’s personal security officer assaulted him, resulting in a broken finger. Despite his injuries, he claims he was forced to participate in the meeting.

03 Jun 2024, 10:25:09 AM IST

Sensex Today Live : Atul Auto shares up more than 6% after company posted 112% increase in May sales numbers

Sensex Today Live : The company's total sales were up by a significant 112% at 2,331 units.

03 Jun 2024, 10:15:56 AM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : All the sectoral indices were tradin in the green, with the PSU Bank index emerging as the biggest rallying point. It has gained more than 6%, followed by the Oil & Gas index, which had gained more than 5% and the Realty index which had gained more than 4%.

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03 Jun 2024, 10:13:09 AM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was trading in the green, with the BSE MidCap climbing 3.21% and the BSE SmallCap gaining 2.15%. 

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03 Jun 2024, 10:11:25 AM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : Nearly all the stocks on the Nifty 50, barring two, were trading in the green. Adani Ports & SEZ, Power Grid Corp., Adani Enterprises, Shriram Finance, and NTPC, were the top gainers, while Eicher Motors, and HDFC Life were the only drags. 

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03 Jun 2024, 10:09:04 AM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : All the 30 stocks on the BSE Sensex were trading in the green, with Power Grid Corp., NTPC, SBI, Larsen & Toubro, and UltraTech Cement, leading the gains. 

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03 Jun 2024, 10:03:06 AM IST

Sensex Today Live : 10 am market update

Sensex Today Live : Indian benchmark indices were trading at record highs on Monday, led by optimism about the incumbent government winning the 2024 Lok Sabha elections as indicated by various exit polls, combined with a better than expected GDP print for FY24 and positive global cues.

At 10 am, Sensex was up 2,052.63 points, or 2.78%, at 76,013.94 and Nifty was up 638.55 points, or 2.83%, at 23,169.25.

03 Jun 2024, 10:00:25 AM IST

Sensex Today Live : Indian Bank shares up more than 5% after it increase marginal cost of funds-based lending rate by 5 bps

Sensex Today Live : The bank has increased their marginal cost of funds-based lending rate by 5 bps on various tenures, effective from 3 June.

03 Jun 2024, 09:58:17 AM IST

PNC InfSensex Today Live : PNC Infratech shares up nearly 5% after company receives ₹390 crore from NHAI under government's ‘Vivad Se Vishwas II (Contractual Disputes)’ schemeratech

Sensex Today Live : The company announced on 31 May that its subsidiary, PNC Kanpur Highways, has received 390.62 crore from the National Highways Authority of India (NHAI). This payment, part of a settlement agreement under the Government of India’s ‘Vivad Se Vishwas II (Contractual Disputes)’ Scheme, marks a significant resolution of contractual disputes between NHAI and PNC Kanpur Highways.

03 Jun 2024, 09:56:52 AM IST

Sensex Today Live : SML Isuzu shares up more than 3% after company posts 21% increase in May sales volume

Sensex Today Live : The company's sales were up by 21.2% at 1,563 units, with passenger vehicles growing by 19.3%.

03 Jun 2024, 09:48:35 AM IST

Sensex Today Live : Puravankara shares rally more than 4% after company acquires 12 acre land in Thane with a GDV of ₹4,000 crore

Sensex Today Live : The company has acquired 12.75 acres of land in Patlipada on Ghodbunder Road, Thane. The land has an estimated potential carpet area of 18.20 lakh sq ft and a potential Gross Development Value (GDV) of 4,000 crore over the project lifecycle.

03 Jun 2024, 09:47:24 AM IST

Sensex Today Live : Coal India shares up more than 3% after company records 7.5% inacrease in May production

Sensex Today Live : The company recorded a 7.5% rise in production, with offtake rising 7.2% in May.

03 Jun 2024, 09:46:15 AM IST

Sensex Today Live : Ahluwalia Contracts shares up nearly 5% after company bags a ₹2,157 crore contract from Jewellery Park, Mumbai

Sensex Today Live : The company has been awarded a 2,157 crore contract from India Jewellery Park, Mumbai, for the construction and development of Gems & Jewellery Park in Mahape, Navi Mumbai. Additionally, it has won a 88.15 crore contract from Daffodil Hotel.

03 Jun 2024, 09:44:43 AM IST

Sensex Today Live : Ashoka Buildcon shares spike more than 6% after company bags two contracts worth ₹2,153 crore

Sensex Today Live : The company has secured the lowest bid for two projects valued at 2,153 crore from the Maharashtra State Road Development Corporation.

03 Jun 2024, 09:39:23 AM IST

Sensex Today Live : Tata Motors shares up 3% after company posts 2.4% increase in May sales volume

Sensex Today Live : The company's total sales grew by 2.4% to 76,766 units in May, with domestic sales and commercial vehicle sales both increasing by 2%. Passenger vehicle sales also saw a 2% increase.

03 Jun 2024, 09:37:50 AM IST

Sensex Today Live : Praj Industries shares climb more than 5% after company posts 4.3% increase in Q4 net profit

Sensex Today Live : The company reported a 4.3% YoY increase in net profit at 91.9 crore for Q4FY24. The company’s revenue from operations increased 1.5% to 1,018.6 crore. EBITDA rose 20.9% to 130.8 crore, with an EBITDA margin of 12.8%. The company’s order intake during the quarter was 924 crore, with a consolidated order backlog of 3,528 crore as of March 31, 2024.

03 Jun 2024, 09:36:37 AM IST

Sensex Today Live : Hero MotoCorp shares up more than 2% even after reporting a sales volume decline of 4.1% in May

Sensex Today Live : The company's sales volume fell by 4.1% to 4.98 lakh units in May, with domestic sales declining by 5.7%. However, exports saw a significant growth of 67.3%.

03 Jun 2024, 09:35:10 AM IST

Sensex Today Live : Mahindra and Mahindra shares up more than 5% after company posted 16% growth in May sales volume

Sensex Today Live : The company's total sales volumes grew by 16.7% to 71,682 units in May. Passenger vehicle sales saw a significant increase of 31%, and tractor sales increased by 9%. Tractor exports saw a massive growth of 85%.

03 Jun 2024, 09:31:33 AM IST

Sensex Today Live : Cochin Shipyard shares up more than 3% after company wins order to build tug boats for Adani group

Sensex Today Live : Udupi Cochin Shipyard, a subsidiary of Cochin Shipyard, has won an order from Ocean Sparkle Limited, an Indian tug operator under Adani Harbour Services, for the construction of three Azimuth Stern Drive (ASD) Tugs of 70 T bollard pull power.

03 Jun 2024, 09:30:17 AM IST

Sensex Today Live : APSEZ shares were up 9% after the company signed a 30-year deal to manage a container terminal at Dar es Salaam port in Tanzania

Sensex Today Live : Adani International Ports Holdings Pte Ltd (AIPH), a subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port in Tanzania.

03 Jun 2024, 09:28:34 AM IST

Sensex Today Live : Rupee opens at nearly 3-month high

Sensex Today Live : The Indian rupee opened 47 paise higher, which was a near three-month high for the currency, at 82.99 per dollar on Monday, versus Friday's close of 83.46.

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