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Business News/ Markets / Market Close Highlights : Nifty ends below 22,000, Sensex down 1,060; VIX up 6%, broader markets, sectoral indices bled
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Market Close Highlights : Nifty ends below 22,000, Sensex down 1,060; VIX up 6%, broader markets, sectoral indices bled

Market Close Highlights : Foreign institutional investors (FIIs) net sold 6,669.10 crore shares, while domestic institutional investors (DIIs) pumped in 5,928.81 crore on May 8, provisional data from the NSE showed.

Market Close Highlights : Companies reporting results on May 9 include Tata Motors, Eicher Motors, Cipla, ABB India, Bank of Baroda, Bank of India, Union Bank of India, Aarti Industries, Dilip Buildcon, Finolex Industries, Kalyan Jewellers India, Dr Lal PathLabs, Polycab India, Sundaram-Clayton, and Thermax. (Photo: HT)Premium
Market Close Highlights : Companies reporting results on May 9 include Tata Motors, Eicher Motors, Cipla, ABB India, Bank of Baroda, Bank of India, Union Bank of India, Aarti Industries, Dilip Buildcon, Finolex Industries, Kalyan Jewellers India, Dr Lal PathLabs, Polycab India, Sundaram-Clayton, and Thermax. (Photo: HT)

Market Close Highlights : World stocks were taking a well-earned breather on Thursday after a strong few weeks and ahead of a Bank of England rate decision, while Japanese authorities ratcheted up intervention talk again as the yen continued to backslide

After two straight record closing highs, the pan-European STOXX 600 fluttered 0.1% lower although there was action in Spain where bank Sabadell's 12 billion euro ($12.87 billion) courtship by rival BBVA suddenly turned hostile.

The region's bond and FX markets meanwhile were happy to take it easy ahead of the day's big event - the Bank of England's 1100 GMT interest rate decision, where it is widely expected to leave UK rates at 5.25%, where they’ve been since August.

With new forecasts coming out too and a post meeting press conference there will be plenty to chew over.

PIMCO economist Peder Beck-Friis said BoE chief Andrew Bailey was unlikely to give a clear signal on exactly when the bank's first cut since 2020 might come, but focus will be on what guidance he does give and if more than one ratesetter votes for a cut this time around.

Overnight in Asia, Chinese trade data and some property market developments had helped Chinese stocks continue their recent outperformance. MSCI's dollar-denominated China index has jumped more than 13% over the last two months.

Customs figures showed that China's imports jumped 8.4% in April from a year earlier, beating expectations for a rise of 4.8%, while exports returned to growth, meeting forecasts, in a boost to economic growth.

That helped Chinese shares build on earlier gains, with blue-chip stocks ending up almost 1% and Hong Kong's Hang Seng index increasing 1.2%. News that China's eastern metropolis Hangzhou will lift all home purchase restrictions in the ailing property sector, a key pillar of domestic demand, also boosted sentiment.

Property shares surged 2.5% as a result.

In other markets, Japan's Nikkei reversed earlier gains to be off 0.2%. Australia's resources-heavy share market lost 1.1% while South Korea also retreated 1%.

Nasdaq and S&P 500 stock futures eased 0.2%, dragged lower by Uber, which fell 5.7% overnight as the ride-sharing company issued a downbeat forecast after a surprise quarterly loss.

The Japanese yen dribbled down to 155.85 per dollar in a fourth day of falls. It rose more than 3% last week with market participants pointing to likely intervention by Japanese authorities twice to stem its fast decline.

New data however showed that Japan's real wages fell 2.5% in March from a year earlier, marking the second year of decline, an argument for policymakers to not hike aggressively.

In the Treasuries market, yields were little changed after edging up the day before, with movement likely to be muted ahead of the U.S. inflation report next week. Two-year yields held at 4.8511%, while the 10-year yield was at 4.5062%, having risen 3 basis points overnight to 4.4920%.

Among the main commodities, oil prices nudged higher having bounced off two-month lows the previous session. Brent futures rose 0.4% to $83.91 a barrel, while U.S. crude gained 0.5% to $79.40 a barrel.

Gold prices were 0.3% higher at $2,316.23 per ounce.

09 May 2024, 03:41:37 PM IST

Sensex Today Live : Market Close Highlights

Sensex Today Live : Indian benchmark indices ended deep in the red on Thursday, their third straight session of closing lower, weighed down by a raft of weak March quarter results and the uncertainty surrounding the ongoing 2024 Lok Sabha elections.

Sensex, which had opened higher at 73,499.49, failed to maintain its momentum and tumbled more than 1,000 points to a low of 72,334.18. At close, Sensex was down 1,062.22 points, or 1.45%, at 72,404.17.

Further, Nifty 50, which had opened lower at 22,224.80, touched a low of 21,952.15. At close, Nifty was down 345 points, or 1.55%, at 21,957.50.

Only five stocks, Tata Motors, Mahindra & Mahindra, SBI, Infosys, and HCLTech, out of the 30 on the BSE Sensex ended in the green. Larsen & Toubro, Asian Paints, JSW Steel, ITC, and Bajaj Finance were the top drags for the day.

Meanwhile, on the Nifty 50, only seven stocks, Hero MotoCorp, Tata Motors, Mahindra & Mahindra, SBI, Bajaj Auto, Infosys, and HCLTech, out of the 50 ended in the green. Larsen & Toubro, BPCL, Asian Paints, Coal India, and ONGC were the top drags for the day.

The broader market, too, closed deep in the red. The BSE SmallCap index closed down 2.41% and the BSE MidCap index was down 2.01% at close.

Across sectors, the Auto index managed to maintain its lead as the only sectoral index closing in the green. It was up 0.78% at close.

Barring that, all other sectoral indices closed deep in the red. The Volatility index, VIX ended 6.55% higher.

Among corporated, State Bank of India reported a 24% YoY rise in Q4 net profit at 20,698.3 crore, while Asian Paints reported a consolidated net profit of 1,275.30 crore, up 1.34% YoY from 1,258.41 crore in the year ago period.

HPCL's Q4 net profit decreased 12% YoY, at 2,840 crore, despite an increase in revenue to 1.21 trillion, up 6% from the year ago period.

09 May 2024, 03:21:34 PM IST

Sensex Today Live : Escorts Kubota reports 30% YoY rise in Q4 net profit at ₹242 crore; shares down

Sensex Today Live : Escorts Kubota reported 30.5% YoY rise in Q4 net profit rose at 242 crore, from 185.5 crore in the year ago period

Its revenue decreased by 4.6% YoY to 2,082.5 crore, from 2,183 crore in the year ago period

EBITDA for the year was reported at 266 crore, a 12.8% YoY increase from 236 crore

Margin improved to 12.7%, up from 10.8% in the previous year

09 May 2024, 03:16:56 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Across sectors, the Auto index continued to maintain its lead as the only sectoral index trading in the green. It was up 0.84%.

Barring that, all other sectoral indices were trading in the red.

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09 May 2024, 03:13:46 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was deep in the red, with the BSE SmallCap index down 2.17% and the BSE MidCap index down 1.76%. 

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09 May 2024, 03:11:49 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : Only seven stocks, Hero MotoCorp, Tata Motors, Mahindra & Mahindra, Bajaj Auto, SBI, Infosys, and HCLTech, out of the 50 on the Nifty 50 were in the green, while Larsen & Toubro, Asian Paints, BPCL, Coal India, and ONGC were the top drags. 

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09 May 2024, 03:08:46 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Only five stocks, Tata Motors, Mahindra & Mahindra, SBI, Infosys, and HCLTech, out of the 30 on the BSE Sensex were in the green, while Larsen & Toubro, Asian Paints, ITC, JSW Steel, and IndusInd Bank were the top drags. 

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09 May 2024, 03:03:04 PM IST

Sensex Today Live : 3 pm market update

Sensex Today Live : Indian benchmark indices were deep in the red on Thursday, weighed down by a raft of weak March quarter results and the uncertainty surrounding the ongoing 2024 Lok Sabha elections.

At 3 pm, Sensex was down 974.14 points, or 1.33%, at 72,492.25, and Nifty was down 318.45 points, or 1.43%, at 21,984.05.

09 May 2024, 03:01:48 PM IST

Sensex Today Live : Ajmera Realty reports 99% YoY increase in Q4 net profit; shares down

Sensex Today Live : Ajmera Realty reports 99% YoY increase in Q4 net profit rose to 29.50 crore, from 14.8 crore, in the year ago period

Revenue for the year rose to 231.8 crore, marking a year-on-year increase of approximately 103% from 114.2 crore

EBITDA for the year was reported at 66.2 crore, marking a year-on-year increase of approximately 113% from 31 crore

Margin improved to 29%, up from 27% in the previous year

09 May 2024, 02:47:51 PM IST

Sensex Today Live : Indian Overseas Bank posts a 24% YoY increase in Q4 net profit, provisions increase 10% QoQ; shares down

Sensex Today Live : Indian Overseas Bank reported a 24% YoY increase in Q4 net profit to 1,960 crore

Provisions for the quarter was at 768 crore, a 10% quarter-on-quarter increase

The Gross Non-Performing Assets (NPA) ratio improved to 3.1%, down from 3.9% in the previous quarter

Other income for the year rose to 2,480 crore, marking a year-on-year increase of 73%

09 May 2024, 02:37:00 PM IST

Sensex Today Live : Hindustan Petroleum Corporation Limited posts Q4 net profit at ₹2,840 crore, down 12% YoY; shares fall

Sensex Today Live : HPCL posted Q4 net profit at 2,840 crore, down 12% YoY. This decline in profit comes despite an increase in revenue, which rose to 1.21 trillion, up 6% from the previous year.

Total cost also increased to 1.19 trillion, up 7.2% year-on-year.

HPCL declared a dividend of 16.50 per share. In addition, the company announced a bonus issue, offering one free share for every two shares held. The record date for this bonus issue has been set for June 21.

The average Gross Refining Margin (GRM) during FY24 was reported at $9.08 per barrel, down from $12.09 a year ago, indicating a decrease in profitability from refining operations.

09 May 2024, 02:31:19 PM IST

Sensex Today Live : Vardhman Textiles reports consolidated Q4 net profit at ₹204.49 crore, up 26.56% YoY; shares climb

Sensex Today Live : Vardhman Textiles reports consolidated Q4 net profit at 204.49 crore, up 26.56% YoY from 161.57 crore in the year ago period

Total income stood at 2,526.56 crore, down 1.34% YoY from 2,560.75 in the year ago period

09 May 2024, 02:21:53 PM IST

Sensex Today Live : Punjab National Bank's Q4 net profit rose to ₹3,010.3 crore, up nearly 159.5% YoY

Sensex Today Live : Punjab National Bank's Q4 net profit increased to 3,010.3 crore, up of nearly 159.5% from 1,160 crore in the year ago period.

The Gross Non-Performing Assets (NPA) ratio improved to 5.73%, down from 6.24% in the previous quarter

Provisions for the quarter were reported at 1,590 crore, a substantial decrease of 42% from the previous quarter

The operating profit for the year was reported at 6,420 crore, marking a year-on-year increase of 9.4%

09 May 2024, 02:10:47 PM IST

Sensex Today Live : State Bank of India's Q4 net profit at ₹20,698.3 crore, up 24% YoY; shares up more than 2%

Sensex Today Live : SBI's Gross Non-Performing Assets ratio improved to 2.24%, down from 2.42% in the previous quarter

In absolute terms, the Gross NPA stood at 84,280 crore, a decrease of 3% from the previous quarter

Provisions for the quarter were reported at 1,610 crore, an increase from 688 crore in the previous quarter

The operating profit for the year was reported at 2,87,500 crore, marking a year-on-year increase of 17%

09 May 2024, 02:03:43 PM IST

Sensex Today Live : 2 pm market update

Sensex Today Live : Indian benchmark indices were deep in the red on Thursday, weighed down by a raft of weak March quarter results and the uncertainty surrounding the ongoing 2024 Lok Sabha elections.

At 2 pm, Sensex was down 808.34 points, or 1.10%, at 72,658.05, and Nifty was down 265.65 points, or 1.19%, at 22,036.85.

09 May 2024, 01:54:38 PM IST

Sensex Today Live : Asian Paints reported a consolidated net profit of ₹1,275.30 crore in Q4FY24, up 1.34% YoY; shares down more than 3%

Sensex Today Live : Asian Paints reported a consolidated net profit of 1,275.30 crore in Q4FY24, up 1.34% YoY from 1,258.41 crore on December 31, 2023.

Total consolidated income was 8,917.87 crore in Q4FY24, up 0.28% YoY from 8,892.82 crore in Q4FY23.

The company also recommended payment of final dividend of 28.15 per equity share of the face value of Re. 1 each for the financial year ended 31 March 2024.

09 May 2024, 01:37:18 PM IST

Sensex Today Live : Venus Pipers & Tubes reports Q4 net profit at ₹25.04 crore, up 86% YoY; shares fall

Sensex Today Live : Venus Pipers & Tubes reported Q4 net profit at 25.04 crore, up 86% YoY from 13.43 crore in Q4FY23

Total Income stood at 224.25 crore in Q4, up from 176.82 crore in the year ago period

The company also recommended a final dividend of 0.50 per equity share (representing 5 %) of 10 each fully paid up for the financial year 2023-24.

09 May 2024, 01:20:02 PM IST

Sensex Today Live : Rane (Madras) posts net loss of ₹9.4 crore in Q4FY24, compared to a net profit of ₹9.5 crore in the year ago period; shares down more than 6%

Sensex Today Live : Rane (Madras) posted total revenue at 519.3 crore in Q4FY24, a decrease of 17.6% compared to the 630.1 crore recorded in Q4FY23.

The company reported a net loss of 9.4 Crore for Q4 FY24, a stark contrast to the profit of 9.5 Crore in Q4 FY23. This marks a concerning shift in the company's financial health.

The EBITDA also saw a sharp decline, standing at 25.8 crore for Q4FY24, a decrease of 59.7% from the 64.0 Crore during Q4FY23.

The EBITDA Margin, a key profitability metric, was at 5.0% for Q4 FY24, nearly halving from the 10.2% in Q4 FY23.

09 May 2024, 01:03:22 PM IST

Sensex Today Live : Timken India posts 35% YoY jump in Q4 net profit at ₹141.43 crore; shares climb

Sensex Today Live : Timken India posts net profit of 141.43 crore in Q4FY24, compared to 104.51 crore in Q4FY23

Revenue from operations at 897.77 crore in Q4FY24, up from 802.52 crore in Q4FY23

09 May 2024, 12:48:41 PM IST

Sensex Today Live : Zydus Lifesciences receives final approval from US FDA for Dapsone Gel, 7.5%, used to treat acne

Sensex Today Live : Zydus Lifesciences annoounced today that it has obtained the final approval from the US FDA to market Dapsone Gel, 7.5%, used for the treatment of acne. It will be manufactured at Zydus' topical manufacturing facility in Changodar, Ahmedabad, India. According to IQVIA MAT data as of March 24, the annual sales of Dapsone Gel, 7.5%, in the United States amounted to $35.8 million.

09 May 2024, 12:32:14 PM IST

Sensex Today Live : IHCL and CG Hospitality partner to expand portfolio in Indian Subcontinent, increase portfolio to 25 hotels

Indian Hotels Company (IHCL) today announced an expanded strategic partnership with CG Hospitality with an aim to increase their combined portfolio to 25 hotels by 2025.

The partnership will operate under the platform 'Ekyam', targeting destinations across the Indian Ocean and Greater Himalayan regions that offer unique adventure experiences and wildlife escapes.

The partnership's current operations span the Indian Subcontinent and the Middle East, including luxury lodges and resorts in Maldives, Sri Lanka, Dubai, India, and Nepal.

09 May 2024, 12:12:27 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Barring the Auto, IT and PSU Bank indices, which were up 1.80%, 0.10%, and 0.14%, respectively, all other sectoral indices were in the red.

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09 May 2024, 12:10:04 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was in the red, with the BSE SmallCap index down 0.81%, and the BSE MidCap index down 0.59%.

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09 May 2024, 12:08:33 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : 11 of the 50 stocks on the Nifty 50 were in the green. Hero MotoCorp, Tata Motors, Mahindra & Mahindra, Bajaj Auto, and HCLTech, were the top gainers, while Larsen & Toubro, Divi's Laboratories, Tata Consumer Products, Coal India, and Britannia Industeies, were the top drags. 

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09 May 2024, 12:05:41 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Only seven of the 30 stocks were in the green. Tata Motors, Mahindra & Mahindra, HCLTech, Infosys, and Maruti Suzuki India, were the top gainers, while Larsen & Toubro, ITC, JSW Steel, IndusInd Bank, and Bajaj Finance, were the top drags. 

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09 May 2024, 12:02:28 PM IST

Sensex Today Live : 12 pm market update

Sensex Today Live : Indian benchmark indices were down on Thursday, following mixed trading among global peers.

At 12 pm, Sensex was down 440.79 points, or 0.60%, at 73,025.60, and Nifty was down 135.45 points, or 0.61%, at 22,167.05.

09 May 2024, 11:59:17 AM IST

Sensex Today Live : Larsen & Toubro elevates R. Shankar Raman to the role of President

Sensex Today Live : Larsen & Toubro has announced the elevation of R Shankar Raman, the company's Senior Executive Vice President, Whole-time Director, and CFO, to the position of President, effective immediately.

Raman joined the L&T Group in November 1994 to establish L&T Finance Limited, a wholly-owned subsidiary. He later took on the role of CFO at L&T and was appointed to the Board in October 2011.

09 May 2024, 11:53:08 AM IST

Sensex Today Live : EMS bags contract worth ₹148.11 crore in Rural Dehradun

Sensex Today Live : EMS Limited has emerged as the lowest bidder for a significant infrastructure project in Rural Dehradun worth 148.10 crore.

The contract involves the supply, installation, testing, and commissioning of infrastructure works aimed at loss reduction on a turnkey basis under the "Revamped Reforms-Linked Results-Based Distribution Sector Scheme".

The estimated value of the order is approximately 148.11 crores.

09 May 2024, 11:41:59 AM IST

Sensex Today Live : Lupin appoints Jeffrey Kindler and Alfonso Zulueta as Independent Directors

Sensex Today Live : Pharmaceutical giant Lupin has appointed Jeffrey Kindler and Alfonso "Chito" Zulueta as Independent Directors.

Kindler, a seasoned healthcare executive, investor, and advisor, has over 40 years of business experience, including leadership roles at Pfizer, McDonald's Corporation, and General Electric Company.

He is currently the CEO of Centrexion Therapeutics and holds board positions at several companies, including Precigen Inc., Perrigo Pharmaceuticals, and Terns Pharmaceuticals. He is a Tufts University and Harvard Law School graduate.

Zulueta has spent more than 30 years at Eli Lilly, serving in various roles, including Vice President of Global Marketing and President of International.

He is currently the Non-Executive Chairman of Interpharma Investments Limited, the holding company of Zuellig Pharma, and president/CEO of CZ Ventures. He holds an Economics degree from De La Salle University, Manila, and an MBA from the University of Virginia, Darden School of Business.

09 May 2024, 11:23:38 AM IST

Sensex Today Live : Why is Indian stock market falling for five straight sessions? — explained with 5 crucial reasons

Sensex Today Live : The Indian stock market has been experiencing a sell-off for five consecutive sessions. The Nifty 50 index opened lower and reached an intraday low of 22,184, marking a loss of over 450 points in five sessions. Similarly, the BSE Sensex hit an intraday low of 72,891, reflecting a loss of more than 1700 points in the same period. The Nifty Bank index has also been under selling pressure for seven sessions, losing 1600 points. Factors contributing to this downward trend include the ongoing Lok Sabha elections, FIIs' selling, a resurgence in US dollar rates, a hawkish US Fed influencing treasury yields, disappointing Q4 results for the 2024 season, and a rising India VIX Index. (Read the full story here.)

09 May 2024, 11:09:18 AM IST

Sensex Today Live : EPL's Mexico-based subsidiary EPL Propack de Mexico, SA de CV raided by the country's tax authorities; shares down

Sensex Today Live : EPL today informed the exchanges that its Mexico-based step-down subsidiary EPL Propack de Mexico, SA de CV, was raided by the Mexican Tax Administration Service on May 7.

The company said, "The Officers of the Authority visited the plant of one of the step-down subsidiaries of the Company, viz. EPL Propack de Mexico, SA de CV, to seize the assets as part of an ongoing VAT Dispute dating back to 2020, which is sub-judice."

The company added, "The Authorities have put a seal (in the nature of an identification mark) on some of the assets (incl. the machines) of EPL Mexico. However, it is clarified that there is no restriction on operating the said machines and hence, the plant of EPL Mexico is fully operational."

09 May 2024, 11:02:18 AM IST

Sensex Today Live : 11 am market update

Sensex Today Live : Indian benchmark indices were down on Thursday, following mixed trading among global peers.

At 11 am, Sensex was down 473.43 points, or 0.64%, at 72,992.96, and Nifty was down 148.90 points, or 0.67%, at 22,153.60.

09 May 2024, 10:30:41 AM IST

Sensex Today Live : Alembic Pharmaceuticals receives three final and two tentative approvals from the US FDA

Sensex Today Live : Alembic Pharmaceuticals today announced that it has received three final and two tentative approvals from the US FDA.

In an exchange filing, the company said, it has received final approvals for Valium (Diazepam injection which is indicated for the management of anxiety disorders or for the short-term relief of the symptoms of anxiety), Retin-A (Tretinoin Cream which is indicated for topical application in the treatment of acne vulgaris), and Cleocin T (Clindamycin phosphate gel which is indicated in the treatment of acne vulgaris).

The company added that it has also received tentative approvals for Uptravi (Selexipag tablets which are indicated for the treatment of pulmonary arterial hypertension), and Mektovi (Binimetinib tablet which is a kinase inhibitor indicated, in combination with encorafenib, for the treatment of patients with unresectable or metastatic melanoma).

09 May 2024, 10:15:51 AM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Barrind, Auto, PSU Bank, Consumer Durables, and Bank indices, all other sectoral indices were trading in the red.

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09 May 2024, 10:13:48 AM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was in the red, with the BSE MidCap and BSE SmallCap, both down 0.27% each. 

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09 May 2024, 10:12:06 AM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : 16 of the 50 stocks on the Nifty 50 were in the green. Hero MotoCorp, Mahindra & Mahindra, Bajaj Auto, Eicher Motors, and Tata Motors, were the top gainers, while Larsen & Toubro, Divi's Laboratories, TCS, Tech Mahindra, and Dr Reddy's were the top drags. 

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09 May 2024, 10:09:37 AM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Only 10 of the 30 stocks on the BSE Sensex were in the green. Mahindra & Mahindra, Tata Motors, Maruti Suzuki India, Titan, and SBI, were among the top gainers, while Larsen & Toubro, Tech Mahindra, TCS, JSW Steel, and Sun Pharma, were the top drags. 

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09 May 2024, 10:07:16 AM IST

Sensex Today Live : Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher, gives technical outlook for Bank Nifty

Sensex Today Live : BankNifty managed to close above the 48,000 zone, witnessing a recovery after the initial sell-off below 48,000, and has made the bias a little bit cautious, with the near-term major support zone of 50 DMA lying near the 47,600 zone. Bankex has closed below the important support of 54,800 and the next major support at the 50 DMA level of 53,960. Bank Nifty would have a daily range of 47,500–48,500 levels, with Bankex support at 54,200 and resistance at 55,200 levels.

--Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher

09 May 2024, 10:04:49 AM IST

Sensex Today Live : Anand James, Chief Market Strategist, Geojit Financial Services, says investors encouraged to pursue upside prospects for Nifty 50

Sensex Today Live : "The struggle to continue upside momentum was visible on approach to the 22,340 region, which we had marked down yesterday as important for triggering short covering. However, despite closing below the same, we are encouraged to pursue the upside prospects aiming 22,490 initially as long as 22,280 holds. Alternatively, direct fall below 22,230 should deflate upside prospects for the day, bringing 21,920 back into the radar."

--Anand James, Chief Market Strategist, Geojit Financial Services,

09 May 2024, 10:02:30 AM IST

Sensex Today Live : 10 am market update

Sensex Today Live : Indian benchmark indices were down on Thursday, following mixed trading among global peers.

At 10 am, Sensex was down 296.49 points, or 0.40%, at 73,169.90, and Nifty was down 81.95 points, or 0.37%, at 22,220.55.

09 May 2024, 09:56:29 AM IST

Sensex Today Live : Vijaya Diagnostic Centre shares climb nearly 4% as company posts 21% YoY jump in Q4 net profit

Sensex Today Live : Vijaya Diagnostic Centre recorded a 21.7% YoY increase in consolidated net profit to 33.7 crore for Q4 FY24. The company's revenue from operations increased by 28.3% YoY to 155.2 crore.

09 May 2024, 09:55:12 AM IST

Sensex Today Live : Kalpataru Projects International shares down more than 2% after company posts 21% YoY increase in Q4 net profit

Sensex Today Live : Kalpataru Projects International reported a 21% YoY increase in net profit to 169 crore for Q4 FY24. Revenue from operations grew by 22.3% YoY to 5,971 crore, driven by healthy project execution. The company's EBITDA for the quarter increased by 36% to 452 crore.

09 May 2024, 09:53:11 AM IST

Sensex Today Live : WPIL shares up more than 5% after company looks to split shares

Sensex Today Live : WPIL announced that its board of directors will consider the sub-division or split of the company's equity shares along with Q4FY24 earnings on May 25.

09 May 2024, 09:51:55 AM IST

Sensex Today Live : Juniper Hotels shares jump more than 5% as company secures term loan facility with ICICI Bank

Sensex Today Live : Juniper Hotels has secured a term loan and working capital facility agreement for 491 crore with ICICI Bank. The agreement includes 416 crore for refinancing the existing loan from JP Securities Asia, with the remainder for general working capital requirements.

09 May 2024, 09:48:58 AM IST

Sensex Today Live : SKF India shares jump more than 8% after company posted a 42% increase in Q4 net profit

Sensex Today Live : SKF India reported a 42.5% YoY increase in consolidated net profit to 175.2 crore for Q4FY24. The company's revenue from operations also grew by 10% YoY to 1,203.4 crore.

09 May 2024, 09:42:53 AM IST

Sensex Today Live : Sula Vineyards shares down more than 4% as Q4 net profit dips 4.2%

Sensex Today Live : The wine maker registered a net profit of 13.6 crore for Q4FY24, a decline of 4.2% compared to the same period last year. Revenue from operations grew by 12.1% YoY to 135.6 crore for the quarter. The board has recommended a final dividend of Rs. 4.50 per share.

09 May 2024, 09:40:07 AM IST

Sensex Today Live : ESAF Small Finance Bank shares fall more than 4% as company posted a 57% dip in Q4 net profit

Sensex Today Live : The bank reported a 57.2% YoY dip in net profit at 43.4 crore for Q4. The bank's net interest income increased 18.4%, and gross non-performing assets stood at 4.76%.

09 May 2024, 09:38:17 AM IST

Sensex Today Live : India Shelter Finance Corporation shares jump more than 5% after company posts 47% increase in Q4 net profit

Sensex Today Live : The company reported a 47% jump in March quarter net profit to 78 crore, backed by 40% business expansion. The company's assets under management rose to 6084 crore at the end of March.

09 May 2024, 09:35:39 AM IST

Sensex Today Live : Mahindra & Mahindra shares trade more than 2% higher after NCLT approves its merger with MHEL and MTWL

Sensex Today Live : The National Company Law Tribunal’s Mumbai bench has approved the merger of Mahindra Heavy Engines (MHEL), Mahindra Two Wheelers (MTWL), and Trringo.com (TCL) with Mahindra and Mahindra.

09 May 2024, 09:33:11 AM IST

Sensex Today Live : Kirloskar Oil Engines shares up more than 6% after company posted 26% jump in Q4 net profit

Sensex Today Live : The company reported a 26% growth in standalone net profit to 128 crore in Q4. The company's net sales rose 21% to 1,378 crore.

09 May 2024, 09:31:14 AM IST

Sensex Today Live : TVS Motor shares climb more than 5% after company posts 18% jump in Q4 net profit

Sensex Today Live : TVS Motor's Q4 net profit increased by 18% YoY to 485 crore, with a 24% increase in revenue from operations, reaching 8,169 crores. The company's operating EBITDA for the year improved by 100 basis points, reaching 11.1% compared to the previous year.

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