Latest Stock Market News

Stock Market Highlights: Nifty placed at a crucial hurdle of around 22,500 level. Sharp


07:17:53 PM IST, 01 April 2024

S&P, Nasdaq open higher as softening inflation fans rate cut bets

The S&P 500 and the Nasdaq inched higher at open Monday after the latest inflation print showing moderating consumer prices bolstered hopes of an early interest rate cut by the Federal Reserve, although higher Treasury yields kept a lid on gains.

The Dow Jones Industrial Average rose 0.56 points, or 0.00%, at the open to 39,807.93.

The S&P 500 opened higher by 3.62 points, or 0.07%, at 5,257.97, while the Nasdaq Composite gained 17.59 points, or 0.11%, to 16,397.05 at the opening bell.

07:01:28 PM IST, 01 April 2024

Aditya Birla Fashion And Retail aims to vertically demerge Madura Fashion & Lifestyle Business into separate listed entity

Proposed demerger will enable creation of two separately listed companies

06:52:52 PM IST, 01 April 2024

FPIs turn net sellers on Monday

Foreign portfolio investors net sold shares worth Rs 522 crore on Monday. DIIs, meanwhile, bought shares worth Rs 1,208 crore.

06:19:12 PM IST, 01 April 2024

Sebi launches SCORES 2.0 to strengthen investors’ complaint redressal system

Markets regulator Sebi on Monday launched the new version of SCORES in a bid to strengthen the investor complaint redressal mechanism by introducing auto-routing of complaints and monitoring such grievances by designated bodies. SEBI Complaint Redress System (SCORES) is an online system where investors in the securities market can lodge their complaints through web URL and an app. It was launched in June 2011.

06:17:45 PM IST, 01 April 2024

Tech View: Nifty forms Doji candle. What should traders do on Tuesday

Nifty on Monday ended 135 points higher to form a Doji candle on the daily chart with the index trying to break above the crucial overhead resistance of 22,500-22,550 levels.

Though Nifty is now placed at the crucial hurdle of around 22,500 levels, the overall chart pattern remains positive and we are unlikely to see any sharp decline from here. Any consolidation or dip could be a buying opportunity, said Nagaraj Shetti of HDFC Securities.

OI data showed that on the call side, the highest OI was observed at the 22,500 strike price, while on the put side, the highest OI was at the 22,200 strike price. On the other hand, Nifty Bank has support at 47,100-46,900, while resistance is placed at 48,000 and 48,200 levels.

05:15:50 PM IST, 01 April 2024

Nifty Bank rallies nearly 1%; next resistance seen at 48000: Experts

The Nifty Bank index rose nearly 1% on Monday tracking positive cues to climb above 47500 levels. The index rose 453 points to close at 47,578 and the next big resistance is seen around 48000. The Nifty50 index rose more than 130 points to close at 22,462. The benchmark index hit a fresh record high in trade on Monday.

04:21:25 PM IST, 01 April 2024

The Indian market boarded on a strong trajectory at the onset of the new financial year, with indications pointing towards a continuation of this favourable momentum, in the near term. This confidence is supported by a global rally in expectation of a Fed rate cut in June and a healthy domestic earnings growth forecast in Q4FY24. Notably, metal stocks excelled today, owing to the swift pace of Chinese PMI data, indicating traction in the economic recovery. Going ahead, RBI monetary policy, India PMI data, and US non-farm payroll data will set the direction of the market.

– Vinod Nair, Head of Research, Geojit Financial Services

04:12:08 PM IST, 01 April 2024

Market View – Ajit Mishra, SVP – Technical Research, Religare Broking

Market started the week with modest gains and hit new life highs, gaining over half a percent. After the gap-up opening, Nifty traded lackluster in the narrow range and finally closed around the opening range at 22462 levels. On the sectoral front, realty and metal performed well while FMCG and Auto traded subdued. The broader indices outperformed the benchmark, wherein smallcap gained over three percent while midcap closed higher by one and a half percent.

We are now eyeing 22,700 in nifty thus participants should maintain a “buy on dips” approach. We feel the participation of the banking pack would continue to play a critical role in maintaining the prevailing momentum, while others may play a supportive role on a rotational basis. Traders should maintain a stock-specific approach and focus on the stocks which are showing higher relative strength.

03:55:25 PM IST, 01 April 2024

The Nifty index encountered a sideways trading session following a robust start, encountering resistance at 22500, coinciding with the highest open interest on the call side. To maintain the upward momentum, the index must decisively breach the 22500 mark, paving the way for further gains towards 22700/22800 levels. On the downside, support is situated at 22350, and as long as the index holds above this level, the overall outlook remains optimistic.

– Kunal Shah, Senior Technical & Derivative Analyst, LKP Securities

03:38:28 PM IST, 01 April 2024

Jateen Trivedi, VP Research Analyst, LKP Securities on gold

Gold prices remained positive, experiencing a significant gap-up opening above 2250$ in Comex and above 68600rs with a 1100rs gap-up in MCX. Dovish commentary from global banks spurred buying activity in gold, with expectations of interest rate cuts keeping prices firmly under bullish control. However, looking ahead, minor profit booking may occur towards 2200-2220$ in Comex and around 67500 in MCX, as prices appear to be slightly overbought from a technical standpoint. Focus will be seen on Nonfarm payroll & Unemployment data due in US later this week.

03:45:52 PM IST, 01 April 2024

Top gainers & losers on NSE today

03:35:52 PM IST, 01 April 2024

Closing Bell: Sensex extends gains to 3rd day, ends 363 pts higher; Nifty above 22,450; Indus Towers jumps 8%, Tata Steel 4%

02:57:04 PM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Coal India’s production and off-take pegged at 838 MTs for FY 2025

02:49:52 PM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: SAIL achieves highest ever annual production and sales in FY’24

02:49:03 PM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Uno Minda approves investment of Rs 2.27 crore in SPV for sourcing energy through solar power

02:48:47 PM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: KPT Industries CFO R Dilip Bindumadhav Kulkarni resigns

02:47:35 PM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Genesys International Corporation secures order worth Rs 35 crore

02:44:12 PM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Thyrocare Technologies gets rectification order from Income Tax Department, Mumbai; rectification order raising demand at Rs 51.29 crore

02:42:47 PM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Tata Motors – March total domestic sales at 90,822 units

  • Total sales of 2,65,090 units in Q4 FY24
  • March total domestic sales 90,822 units versus 89,351 units year ago
  • Remain cautiously optimistic about domestic demand
  • Demand for commercial vehicles is expected to improve from the in latter half of Q2FY25
  • See demand for passenger cars remain strong going forward, although high base effect may keep growth rate in single digit

02:39:53 PM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Mukka Proteins Gets order worth Rs 50.39 crore; stock surges 5%

02:39:48 PM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Eicher Motors March total VECV sales at 11,242 units

02:39:15 PM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Multi Commodity Exchange Of India successfully conducts live trading session from disaster recovery site

02:37:16 PM IST, 01 April 2024

Oil rises as investors bet on tighter supply, China’s economy

Oil prices added to recent gains on Monday amid expectations of tighter supply from OPEC+ cuts and attacks on Russian refineries while upbeat Chinese manufacturing data supported the outlook for improving demand.

Brent crude was 25 cents, or 0.3%, higher at $87.25 a barrel by 0830 GMT after rising 2.4% last week. U.S. West Texas Intermediate crude was at $83.44 a barrel, up 27 cents, or 0.3%, following a 3.2% gain last week.

02:02:20 PM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: These stocks defy market mood, fall up to 18%

01:48:04 PM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Hindustan Aeronautics Limited on Monday said that it has recorded revenue from operations of over Rs 29,810 crore (provisional and unaudited) for the financial year 2023-24 registering a growth of around 11 per cent as against nine per cent in the previous fiscal.

01:30:48 PM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Nifty Smallcap 100 index surges over 2.5%

01:19:26 PM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: State-run power giant NTPC on Monday said it has added 3,924 MW power generation capacity in 2023-24, taking the total installed capacity to around 76GW. This (3,924 MW) includes the commissioning of the second unit in Bangladesh and maiden capacity addition by both its subsidiaries — NTPC Green Energy Ltd (NGEL) and NTPC Renewable Energy Ltd (NREL), during the fiscal year ending March 31, 2024, a company statement said.

01:18:09 PM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Top gainers from realty pack

01:16:58 PM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Sobha gets demand notices for Rs 13.12 crore and Rs 32.68 crore

12:57:24 PM IST, 01 April 2024

Stock Market LIVE Updates: China stocks see biggest jump in 1-month on strong PMI data

China stocks jumped on Monday, logging their biggest daily gain in a month, after the latest manufacturing activity data signalled that the economy’s recovery is gaining traction, while the Hong Kong market was closed for a holiday. At the close, the Shanghai Composite index was up 1.19% at 3,077.38, while the blue-chip CSI300 index rose 1.64%. Both indexes booked their biggest one-day gain since Feb. 29.

12:55:50 PM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates | CLSA on Indus Towers: Maintains outperform; hikes target to Rs 335 from Rs 265

12:36:20 PM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Uday Jewellery Industries approved entering into purchase/supplier ageement with Malabar Gold

12:13:54 PM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Mishra Dhatu Nigam says sales of Rs 1065 crore for FY 2023-24

11:55:18 AM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Steel Strips Wheels says net turnover of Rs 341 crore in March 2024

11:54:19 AM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: GE Power India receives purchase orders

  • Received purchase orders from NTPC & Hindustan Zinc
  • Got order worth Rs 24 crore from NTPC
  • Got order with base value of Rs 8.75 crore from Hindustan Zinc

11:50:46 AM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Easy Trip Planners says Easemytrip acquires Etrav Tech

11:29:57 AM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Aurobindo Pharma on Monday said it has commissioned four state-of-the-art manufacturing facilities for Penicillin-G, 6-Amino Penicillanic Acid (6-APA), Injectable products and Granulation, through its wholly owned subsidiaries.

11:28:08 AM IST, 01 April 2024

RBI remains focused on ensuring stable, strong financial system that would act as a bedrock of India’s economic progress

– Governor Shaktikanta Das

11:20:59 AM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Escorts Kubota sold 8,587 tractors in March 2024

11:20:16 AM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Sterlite Technologies partners with Vocus Group, a specialist fibre and network solutions provider in Australia

10:45:27 AM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: NCC got new orders worth Rs 3086 crore in March 2024

10:34:19 AM IST, 01 April 2024

The weakening of the Yen, especially to a 34-year low, can have significant impacts on various sectors in India, particularly the automotive industry. The automotive industry is growing in India, and many Indian companies are collaborating with Japanese companies for technology exchange and components. A weaker yen will make Japanese products relatively cheaper in international markets, and this will be beneficial for the Indian automotive industry, especially Maruti Suzuki.

– CA Krishnan R, Director & CEO of Unimoni Financial Services

10:32:07 AM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Venus Remedies awarded Rs 2.5 crore PLI scheme

10:16:54 AM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Realty firm Prestige Estates Projects Ltd has raised Rs 2,001 crore from Abu Dhabi Investment Authority (ADIA) and Kotak AIF to develop housing projects across four major cities, as part of its expansion plan. In a regulatory filing on Monday, Prestige Group said the company, through its subsidiaries, has “entered into a landmark deal with ADIA and Kotak AIF for Rs 2,001 crore (around USD 240 million) to capitalise on growth opportunities in the residential sector”.

10:04:39 AM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: NTPC records 55% growth in coal despatch during FY24

09:59:55 AM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Jubilant Ingrevia commissions new facility for Diketenes & Derivatives

09:55:23 AM IST, 01 April 2024

Forex market shut for annual account closing of banks

09:40:19 AM IST, 01 April 2024

Stock Market LIVE Updates: Nifty hits fresh record high

09:32:20 AM IST, 01 April 2024

Market View | Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

The undertone of the market is bullish and there is momentum in the market. The market has been showing signs of consolidation but the spurt in Nifty by 322 points on the last 2 trading days indicates that the upward momentum can sustain.

There are reports of mutual funds introducing restrictions on redemptions from the smallcaps schemes. This is in response to the ‘ frothy’ valuation in this segment and the concerns expressed by the regulator. The consequence of this action would be higher flows of funds into the largecaps, which, in turn, can lift the largecaps. So, watch out for largecaps in automobiles, capital goods, financials and select pharma which are likely to post good Q4 numbers.

The RBI monetary policy meet scheduled for April 3 to 5 is likely to keep rates unchanged and, therefore, is unlikely to impact the market.

09:20:08 AM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Vodafone Idea, NHPC among most active stocks on NSE

09:18:18 AM IST, 01 April 2024

Opening Bell: Sensex jumps 500 points, Nifty tops 22,450; Hindalco, JSW Steel gain 2% each

09:09:11 AM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Prestige Estates Projects enters deal with ADIA and Kotak AIF for Rs 2001 crore

  • Deal dedicated towards development of residential projects in prominent locations across 4 cities in India
  • Developing projects with gross development value (GDV) of Rs 18000 crore

09:06:03 AM IST, 01 April 2024

JUST IN | Gold futures hit a record high of Rs 69,487 per 10 grams

09:04:26 AM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex gains over 330 points; Nifty above 22,580

08:39:23 AM IST, 01 April 2024

Markets are seen edging higher in early Monday trades on the back of a firm trend in the Gift Nifty index and optimism in other Asian indices. Investors are likely to resort to bargain hunting, and the recent reiteration by the US Fed that it is still looking at 3 rate cuts this year despite challenges from the inflation front is expected to keep the markets in good stead. While intra-day volatility could continue in the near term, the focus will slowly shift to fourth quarter corporate earnings which will start rolling in the next few day’s time. The Nifty options data suggests that the benchmark index is likely to be in a trading range of 21500-22600 zone. Our chart of the day suggests stocks like Adani Enterprises, Adani Port and Eicher Motors are expected to witness bullish trend with an interweek perspective.

– Prashanth Tapse, Senior VP (Research), Mehta Equities

07:53:24 AM IST, 01 April 2024

Gold hits record high on rising hopes for Fed rate cut in June

Gold prices touched a record high on Monday after data showed that U.S. inflation moderated in February, boosting bets for the Federal Reserve’s June interest rate cut.

07:52:58 AM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Dollar steady as PCE data sets up June rate cut bets; yen in focus

The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention.

07:23:15 AM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Tokyo stocks open higher

Tokyo stocks opened higher on Monday, after US inflation data matched the Federal Reserve’s expectations. The benchmark Nikkei 225 index was up 0.60 percent, or 242.22 points, at 40,611.66, while the broader Topix index added 0.12 percent, or 3.44 points, to 2,772.06.

07:23:31 AM IST, 01 April 2024

Sensex Today | Stock Market LIVE Updates: Tech View: Nifty forms long wick candle

Nifty on Thursday ended 203 points higher to form a reasonable bull candle with a long upper shadow on the daily chart, reflecting selling pressure near all-time highs around 22,500 levels.



Read More: Stock Market Highlights: Nifty placed at a crucial hurdle of around 22,500 level. Sharp

You might also like