Stock Market Highlights: Nifty violates crucial support of 20-day EMA placed at 22,370. What’s in store for D-St
07:48:05 PM IST, 15 April 2024
07:33:40 PM IST, 15 April 2024
Jio Financial and Blackrock forms JV to set up wealth management and broking business
India’s Jio Financial Services has entered into a joint venture with US-based BlackRock Inc to set up a wealth management and broking business, the companies said on Monday.
07:20:31 PM IST, 15 April 2024
LIC increases shareholding in Hindustan Unilever from 4.99% to 5.01%
Hindustan Unilever sees hike in LIC stake.
07:14:58 PM IST, 15 April 2024
Temenos soars after report calls Hindenburg claims ‘inaccurate’
Temenos shares surged 18% on Monday after a special committee appointed by the financial software company said allegations made by Hindenburg Research were “inaccurate and misleading”.
07:14:41 PM IST, 15 April 2024
Gujarat Gas, Indian Oil Corporation sign MoUUnder MOU IOCL providing liquid fuels at GGL outletsUnder MOU IOCL providing automotive lubricants, greases, specialties at GGL outletUnder MOU GGL setting up of CNG mother facility at IOCL outlets
07:12:19 PM IST, 15 April 2024
US stocks open higher after Friday’s sell-off amid Mideast jittersWall Street’s main indexes opened higher on Monday after a bruising sell-off in the previous session on the back of disappointing earnings from some big US banks, while escalating tensions in the Middle East made investors wary.
The Dow Jones Industrial Average rose 92.14 points, or 0.24%, at the open to 38,075.38.
The S&P 500 opened higher by 26.26 points, or 0.51%, at 5,149.67, while the Nasdaq Composite gained 101.38 points, or 0.63%, to 16,276.47 at the opening bell.
06:39:45 PM IST, 15 April 2024
Nifty forms Shooting Star candle. What should traders do on Tuesday
On the daily charts, we can observe that Nifty is in the process of retracing the rise it has witnessed from 22710 – 22776. The key 50 and 61.82% Fibonacci retracement levels are placed at 22240 – 22117. Thus, in case of a bounce towards 22350 – 22370 it should be used as a selling opportunity, said Jatin Gedia of Sharekhan.
06:38:03 PM IST, 15 April 2024
FPIs turn net sellers for second straight day
Foreign portfolio investors were net sellers at Rs 3,268 crore for second straight day. DIIs, meanwhile, bought shares worth Rs 4,762 crore.
07:27:25 PM IST, 15 April 2024
Gold rises Rs 300; silver jumps Rs 500
Gold prices in the national capital rose by Rs 300 to Rs 73,050 per 10 grams on Monday, following the strong global market trends, according to HDFC Securities. The previous session saw gold closing at Rs 72,750 per 10 grams. Silver prices also increased by Rs 500 to Rs 85,700 per kilogram, compared to the previous session’s closing at Rs 85,200 per kilogram.
05:13:31 PM IST, 15 April 2024The worsening situation in the Middle-East with conflict between Iran and Israel flaring up had engulfed Dalal Street. Investors worldwide, including in India, have turned cautious and resorted to profit-taking. If the situation turns bad, we may see extended broad-based selling in local markets. Geo political tensions and uncertainty over interest rate cut could have a bearing on the markets.
– Prashanth Tapse, Senior VP (Research), Mehta Equities
05:08:04 PM IST, 15 April 2024
Goldman Sachs Q1 Results: Profit jumps 28% on investment banking strength
Goldman Sachs reported a 28% increase in profit for the first quarter, driven by a resurgence in debt underwriting and dealmaking which bolstered its investment banking division. The profit surged to $4.13 billion, or $11.58 per share, for the period ending on March 31, compared to $3.23 billion, or $8.79 per share, recorded a year earlier.
04:44:13 PM IST, 15 April 2024
Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare BrokingMarkets started the week on a feeble note and lost over a percent, in continuation to Friday’s fall. Weak global cues triggered a gap-down start, followed by volatile swings till the end. Eventually, Nifty oscillated sharply on both sides and finally closed around the day’s low at 22,315 levels. In line with the benchmark, the selling pressure was widespread wherein IT, financials and banking were among the top losers. The broader indices too felt the heat and lost nearly one and a half percent each.
Nifty has slipped below the immediate support of short term moving average i.e. 20 EMA after two days of the slide and is likely to take a breather around the 22,150 level. Traders should continue with a hedged approach for now and wait for clarity.
04:41:36 PM IST, 15 April 2024
Nifty Bank falls nearly 800 points; 47,400 crucial support
The Nifty Bank plunged about 800 points to close below 48,000 on Monday weighed down by weak global cues. The index fell 791 points or 1.6% at 47,773 while the Nifty50 plunged over 200 points to close at 22,272.
04:09:16 PM IST, 15 April 2024
Rupee ends at record closing low amid Mideast tensions
The Indian rupee fell to its weakest closing level on record on Monday as rising Middle East tensions weighed on Asian currencies and risk assets but potential dollar sales by the Reserve Bank of India helped curb the local unit’s losses. The rupee ended at 83.4500 per U.S. dollar compared with 83.4125 at close on Friday. The domestic currency had touched its lifetime low of 83.4550 earlier this month.
03:35:48 PM IST, 15 April 2024
Vinod Nair, Head of Research, Geojit Financial Services on today’s market action
Geopolitical tensions and higher-than-expected US inflation impacted investor sentiment and dragged the indices to a lower note. The major casualties were the mid- and small-cap indices due to their rich valuation and expectation of moderation in earnings growth in Q4FY24. On the other hand, the European market opened on a positive note while oil prices inched lower as market participants expected that the diplomatic efforts were likely to de-escalate tensions in the Middle East.
03:34:24 PM IST, 15 April 2024
Check out the top gainers & losers today
03:33:17 PM IST, 15 April 2024
Closing Bell: Sensex extends selloff to 2nd day, tumbles 845 points; Nifty below 22,300; NBCC, Wipro shed up to 5%
03:17:49 PM IST, 15 April 2024
Mahindra to invest nearly $150 million in renewable energy projects
03:03:01 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Container Corporation of India says total physical volumes throughput up 11.24% YoY in March quarter
03:01:43 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Hindalco, NALCO among only gainers from metal pack
03:00:12 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: European stocks edge up amid geopolitical tensions; Temenos soarsEuropean shares edged higher on Monday, amid caution around Middle East tensions. Temenos was on course for its best day in over 15 years after saying Hindenburg Research’s allegations were found to be incorrect.
The pan-European STOXX 600 gained 0.3% as of 0853 GMT. The defence sector was the top gainer, after Iran launched explosive drones and missiles at Israel over the weekend in retaliation for a suspected Israeli attack on its consulate in Syria on April 1.
02:32:27 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Thermax unveils manufacturing factory for water and wastewater solutions in Pune
02:20:15 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: These stocks defy market mood, zoom up to 20%
02:04:59 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Vodafone Idea is gearing up for its Rs 18,000 crore further public offer (FPO), with plans to launch 5G services in select areas within 6-9 months of the issue. CEO Akshaya Moondra highlighted that rolling out 5G services is a key objective of raising capital from the public. Once the funding is secured, the company aims to commence work on the rollout. This move underscores Vodafone Idea’s commitment to advancing its technological capabilities and meeting the evolving needs of consumers.
02:02:16 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Ramdevbaba Solvent IPO fully booked on Day 1
The SME IPO of Ramdevbaba Solvent saw overwhelming demand, with subscriptions reaching 1.39 times within hours of opening on the first day of bidding. In the unlisted market, the company’s shares are trading at a Grey Market Premium (GMP) of Rs 20, which is a notable increase compared to the offer price of Rs 80 per share. This indicates strong investor interest and confidence in the company’s prospects.
01:44:27 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Ambuja Cements signs definitive agreement to acquire 1.5 MTPA Grinding Unit at Tuticorin, Tamil Nadu at a value of Rs 413.75 crore
01:38:54 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates | Mahindra & Mahindra: To invest Rs 1,200 cr to set up 150 MW hybrid capacity
01:32:32 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Crypto market rebounds as Bitcoin recovers from Iran-Israel tensions
On Monday, Bitcoin recorded a 2% increase, reaching $65,466 in trading, rebounding from a dip below $62,000 the previous day. Similarly, other prominent cryptocurrencies experienced significant gains, with Ethereum rising by 4.9%, Solana by 8.8%, Toncoin by 15%, Dogecoin by 4.7%, and Avalanche by 5.3%.
01:30:18 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Ashish Kacholia trims stake in 3 smallcaps in March quarterAce investor Ashish Kacholia has made some adjustments to his holdings in three smallcap counters during the March-ended quarter. Here’s a breakdown:Aditya Vision: Kacholia reduced his stake by 12 basis points (bps) to 1.87% compared to 1.99% in the previous quarter.Safari Industries (India): His holding decreased by 25 bps to 1.85% in the March quarter, down from 2.10% in the December quarter.Universal Autofoundry: Kacholia slashed his holding to 8.32% in the March quarter, down from 8.54% in the previous quarter.
01:19:08 PM IST, 15 April 2024
3 PMS funds doubled HNI investor wealth in FY24, stars missing in top 10 listNone of the PMS schemes managed by prominent D-St fund managers managed to crack the top 10 list in FY24, as midcaps, smallcaps, and SME stocks significantly outperformed bluechips. Throughout the financial year, at least 3 PMS schemes more than doubled investors’ money.According to PMS Bazaar data, Invasset’s Growth Pro Max, a multicap scheme, emerged as the best-performing PMS fund of FY24, boasting an impressive return of 128%.Green Lantern Capital’s Growth Fund and Asit C Mehta’s ACE Multicap delivered annual returns of 111% and 103%, respectively.
01:14:59 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Block deal in Crompton >> 0.7% equity traded
01:07:35 PM IST, 15 April 2024
Stock Market LIVE Updates: European stocks kick off week on cautious note amid geopolitical tensionsEuropean shares inched up on Monday, with defence stocks among top gainers, as investors assessed the wider implications of escalating tensions in the Middle East, while optimism around imminent interest rate cuts also aided sentiment.
The pan-European STOXX 600 gained 0.1%, led by the defence sector that was up 0.6% by 0713 GMT, after Iran launched explosive drones and missiles at Israel over the weekend in retaliation for a suspected Israeli attack on its consulate in Syria on April 1.
01:02:11 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Top losers from the media pack
01:00:17 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: ONGC shares jump 5% after Jefferies initiates buy call with Rs 390 target price
Shares of Oil and Natural Gas Corporation Ltd (ONGC) surged by 5% to reach Rs 278.20 on the BSE following an initiation of a buy recommendation by global brokerage firm Jefferies. Jefferies has set a target price of Rs 390 for the PSU stock.Highlighting the positive impact of reforms in crude and gas pricing on ONGC’s profitability, Jefferies notes that it has surpassed past decade averages. Additionally, Jefferies anticipates robust free cash flow generation and a reduction in consolidated net debt due to profitable production growth expected over the fiscal years 2024 to 2026.
12:52:32 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Aster DM Healthcare shares jump 14%, hit fresh record high on special dividend announcement
Aster DM Healthcare’s shares surged by 14% to reach a new all-time high of Rs 558.3 in Monday’s trading session on the BSE following the company’s announcement of a special dividend of Rs 118 per share.The Board of Aster DM Healthcare has given its nod for the declaration of a special dividend of Rs 118 per share. This dividend will be payable to shareholders whose names are listed on the company’s register of members as of the record date, which is April 23, 2024, as stated in an exchange filing by the firm.
12:50:59 PM IST, 15 April 2024
Stock Market LIVE Updates: Major economic events this week
Here’s a list of key economic events that can impact market dynamics this week (Source: ICICI Direct)
12:43:42 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Avoid IT stocks; look for beaten down turnaround candidates in this volatile earning season: Sandip Sabharwal
According to Sandip Sabharwal of asksandipsabharwal.com, the upcoming results season is expected to bring volatility. Therefore, it’s advisable to hold some cash on the sidelines, closely monitor the results, and capitalize on emerging opportunities.Sabharwal believes that the directional trend in India continues to favor capital expenditure-oriented stocks, with the possibility of increased participation from consumer durables in the near future. He suggests focusing on stocks like Voltas, V-Guard, and VIP Industries, which are potentially turnaround candidates or have faced recent declines in their prices. These stocks could present attractive opportunities if their results disappoint and their prices fall further.
12:33:09 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates | SENSEX DOWN 450 PTS!
12:30:05 PM IST, 15 April 2024
As Middle-East tensions rise, these 14 Indian stocks have stakes in Israel
Iran’s sudden assault on Israel has heightened tensions in the Middle East, raising concerns about potential repercussions on global markets, including India’s.This potential knee-jerk response could occur amid a period of record-breaking rallies in domestic markets, where concerns about valuations in the broader market have been largely overlooked.In addition to monitoring the overall market, investors will be closely observing the performance of 14 specific companies with ties to Israel. Among these prominent stocks are Adani Ports, Sun Pharma, Lupin, as well as major IT firms like TCS and Infosys, among others.
12:23:37 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: ‘Expensive’ India lures investors avoiding China risks
As China’s market faces a downturn, the robust rallies in Indian and Japanese equities have reshaped Asia’s financial landscape, offering global investors three distinct poles for regional allocations. Despite China’s appealingly low stock valuations and Japan’s strides in enhancing corporate governance, nearly half of the 390 respondents in the MLIV Pulse survey identified India as the most promising investment opportunity among the three Asian giants.
12:11:53 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: BJP’s election manifesto a blueprint for economic growth; over 40 stocks to be on investors watchlist
Ahead of another round of elections in India, investors are closely monitoring the policy pledges made by different political parties, especially the ruling Bharatiya Janata Party (BJP). Recent assessments from financial institutions such as CLSA and UBS provide insights into the BJP’s election manifesto and its anticipated effects on the stock market.
12:05:59 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: 67% largecap mutual funds outperform their benchmarks in 2024 so far
An analysis by ETMutualFunds revealed that, thus far in 2024, approximately 67% of large-cap mutual funds have surpassed their respective benchmarks. Out of the 30 large-cap schemes examined, 20 have outperformed their benchmarks, indicating a success rate of 67%. Conversely, 10 large-cap schemes were unable to outperform their respective benchmarks.
12:01:48 PM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates | Stocks at 52-week low!
11:59:20 AM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates | Stocks at 52-week high!
11:52:03 AM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Ramdevbaba Solvent IPO opens today: Check issue size, price band, GMP and other details
The SME Initial Public Offering (IPO) of Ramdevbaba Solvent is set to commence on Monday, with subscription closing on April 18. The company’s objective is to raise approximately Rs 50 crore through this IPO and subsequently list its shares on the NSE SME platform.
11:36:57 AM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Gold Price Today: Yellow metal opens above Rs 72,000/10 grams mark, silver at Rs 83,273/kg
After hitting a lifetime high of Rs 73,958 in Friday’s opening trade, gold prices on MCX took cues from their international counterparts today and rose by Rs 67 or 0.09% to trade at Rs 71,910 per 10 grams. MCX May silver contracts were up by Rs 460 or 0.56% to Rs 83,273 per kg.
12:01:57 PM IST, 15 April 2024
Stock Market LIVE Updates: Zomato’s 260% stock surge has analysts scrambling to catch upZomato has outpaced gains in all the world’s major delivery stocks over the past year, sending analysts scrambling to boost their outlooks for the Indian company as its profitability improves.Price target upgrades for Zomato in the past 12 months exceed those for all other stocks in a Bloomberg Intelligence gauge of global ride-sharing and delivery peers.At least 5 brokerages lifted their estimates for the shares in just the past few weeks, including Citigroup and HSBC Holdings
11:28:06 AM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Senco Gold shares zoom over 15% on strong Q4 business update
Shares of smallcap firm Senco Gold rallied over 15% to Rs 927 in Monday’s trade on BSE after the firm reported strong revenue and volume growth in the March quarter of FY24 despite rising prices of gold.
11:16:07 AM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: TCS shares defy market sell-off as target prices rise after Q4 beat. Should you buy?
Shares of top software services exporter Tata Consultancy Services (TCS) on Monday saw buying action after brokerages raised target prices following a good show in Q4 results where a 100 bps quarter-on-quarter rise in EBIT margin surprised investors.
11:12:17 AM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates | Top losers at this hour
11:07:42 AM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates | Top gainers at this hour
11:04:10 AM IST, 15 April 2024
Stock Market LIVE Updates | SENSEX DOWN 400 PTS!
10:56:59 AM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Happiest Minds Technologies to partner Mindsculpt Analytics to build advanced Ai medical preventive & diagnostic solutions
10:38:18 AM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Bond yields lower as oil prices ease
Government bond yields edged lower as oil prices eased, while market participants continued to track tensions in the Middle East.
10:29:18 AM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: 3 PMS funds doubled HNI investor wealth in FY24, stars missing in top 10 list
None of the PMS schemes run by Dalal Street’s popular fund managers made it to the top 10 list in FY24 when midcaps, smallcaps and SME stocks defeated bluechips by a wide margin. During the financial year, at least 3 PMS schemes more than doubled money.
11:17:06 AM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Hot Stocks: Brokerage view on Zomato & TCS; Exide could double in next 1 year
Brokerage firm CLSA maintained an underweight rating on TCS while UBS has a buy rating on Indian Hotels.
10:16:18 AM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Rupee falls 6 paise to 83.44 against US dollar in early trade
The rupee declined 6 paise to 83.44 against the US dollar in early trade on Monday, tracking negative equity markets and withdrawal of foreign funds amid renewed concerns over geopolitical tensions in the Middle East.
09:56:56 AM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: China stocks gain after new guidelines
China stocks were off to a good start with major indexes up as investors interpreted the new guidelines on the country’s capital market as a positive signal for the stock market.
09:50:21 AM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: BNP Paribas signs agreement with Fosun to buy stake in Ageas
BNP Paribas has signed agreement with Fosun Group to acquire 9% stake in Ageas.
