Stock Market Closing Bell: India Market Ends In Green; Sensex Stable At 73,738, Nifty Up By 25 Pts At 22,356

On April 23, Indian indices commenced trading on a positive note, with the Nifty crossing the 22,400 mark.

The Sensex recorded a gain of 200.90 points or 0.27 percent, reaching 73,849.52, while the Nifty surged by 64.10 points or 0.29 percent, reaching 22,400.50. During early trading, 1,758 shares advanced, 425 shares declined, and 84 shares remained unchanged.

Bharti Airtel, HCL Technologies, SBI Life Insurance, Dr Reddy's Labs, and Wipro emerged as major gainers on the Nifty, whereas Nestle India, Power Grid, Eicher Motors, M&M, and Reliance Industries experienced losses.

The Indian Rupee opened steady at 83.36 per Dollar compared to the previous close of 83.36.

LIVE Feed

Apr 23, 2024, 3:36 pm IST

Indian Market By The End Of Tuesday's Session Closes In Green

Today Sensex grew more than 60 Points reaching 73,738 Levels, while Nifty 50 holds a grip near the 22,361 Range. Top Gainers in the session were noted as Grasim, Bharti Airtel, and Nestle, rising 3.92%, 3.4%, and 1.7% since yesterday, while top losers recorded were Sun Pharma, Reliance, and Mahindra, falling 3.5%, 1.42% and 1.12% respectively. Sectoral indices grew the highest range in Nifty Realty, climbing above 2.7% since Monday's closing. As per the past five sessions, the Indian market has risen 0.87%, starting to breach the fresh resistance levels posted earlier this month.

Apr 23, 2024, 3:35 pm IST

NBCC Marks Historical Performance In FY24

In FY23–24, NBCC gathered a substantial amount of business. Compared to the previous FY, which saw record new works of Rs. 6,700 Crore on a consolidated basis and Rs. 4,225 Crore on a standalone basis, NBCC secured record new works of Rs. 23,500 Crore on a consolidated basis and Rs. 18,400 Crore on a standalone basis. At the World Trade Centre in New Delhi, the sale of inventory for commercial real estate is currently valued at over Rs. 6480 crore, up more than 208% from the sales made in the previous fiscal year. NBCC said in a regulatory filing that during the financial year 2023-2024, at a consolidated basis, it awarded works of approx. Rs. 9,800 Crore pertaining to different projects compared to works of approx. Rs. 6,050 Crore last year, by registering a significant growth of about 62%.

Apr 23, 2024, 3:19 pm IST

Mastek Wins A New Deal From Yanbu Cement Company To Optimize Its Production Processes

Mastek, a trusted digital engineering and cloud transformation partner, today announced that it has won the multi-tower deal from Yanbu Cement Company (YCC) to optimize the efficiency of YCC’s production line. YCC, a pioneer in the cement industry in the Kingdom of Saudi Arabia (KSA), embarked on a digital & cloud transformation journey with Mastek in 2022, aligning with Saudi Arabia’s Vision 2030 and Smart Industry 4.0 initiatives. The project marks a significant achievement for Mastek as it expands its revenue streams through CX Transformation, EX Transformation & Industrial Edge offerings, and is poised to tap into new market potential. With an increased focus on CX, EX & connected enterprise solutions Mastek aims to strengthen its footprint as a digital transformation leader in the Middle East region.

Apr 23, 2024, 2:52 pm IST

NBCC Registers Historical Performance In FY 2023-24

NBCC secured significant business during FY’23-24 and it has secured record new works of Rs. 23,500 Crore on a consolidated basis and Rs. 18,400 Crore on a standalone basis, as compared to Rs. 6,700 Crore (Consolidated basis) and Rs. 4,225 Crore (Standalone basis) in the preceding FY. The company post all-time high sales records with Commercial real estate inventory sales at the World Trade Center, New Delhi is stand at worth approximately Rs. 6480 Crore, witnessing a rise of more than 208% compared to sales achieved last FY. K. P. Mahadevaswamy, CMD of NBCC (India) Limited, emphasized the company's strength in the construction and infrastructure domain, particularly in redevelopment and land monetization endeavors. He highlighted, “With a robust order book and a strategic focus on redevelopment and land monetization, NBCC is well-positioned to sustain and incrementally elevate its growth trajectory, propelling sustainable development forward in India's construction and infrastructure landscape.”

Apr 23, 2024, 2:28 pm IST

Tata Power Shares In Focus

In order to encourage residential customers to adopt solar rooftop technology, Tata Power Solar Systems Limited (TPSSL), a top solar company in India and a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), announced a strategic partnership with Indian Bank, a top public sector bank in the country. Through this partnership, financing options for installations up to 3 KW will be made easier under the well-known Pradhan Mantri Surya Ghar Muft Bijli Yojana initiative. Additionally, support will be extended for installations between 3 and 10 KW under the standard scheme.

Apr 23, 2024, 1:52 pm IST

Tata Power in partnership with Indian Bank

In an effort to encourage residential customers to embrace solar rooftop technology, Tata Power Solar Systems, a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), and Indian Bank announced their strategic alliance. The partnership intends to expand support for installations between 3 and 10 KW under the normal programme and enable financing options under the well-liked Pradhan Mantri Surya Ghar Muft Bijli Yojana initiative for installations up to 3 KW.

Apr 23, 2024, 1:37 pm IST

Vodafone Idea Share Skyrockets On FPO Success

Vodafone Idea Share Price breaking a two-day losing streak to surge over 7% in trade. This surge came in the wake of its highly anticipated follow-on public offer (FPO), which garnered healthy subscription rates totalling Rs 18,000 crore over a three-day period.

Apr 23, 2024, 11:58 am IST

Poonawalla Fincorp & Kfin Technologies Announces Shares For ESOP

The Nomination and Remuneration Committee of the Board of Directors of the Company on April 22, 2024, has allotted 10,950 equity shares of face value of Rs. 2/- each under Employee Stock Option Plans of the Company. Under this allotment, the issued, subscribed, and paid-up equity share capital of the Company will stand increased to Rs. 1,54,91,23,224/- (Rupees One Hundred Fifty-Four Crores Ninety-One Lakhs Twenty-Three Thousand Two Hundred and Twenty-Four only) consisting of 77,45,61,612 (Seventy-Seven Crores Forty Five Lakhs Sixty One Thousand Six Hundred and Twelve Only) of Equity Shares of Rs. 2/- each. While Kfin Technologies has on April 22, 2024, allotted 35,352 Equity Shares of face value Rs. 10/- each under the exercise of options by the eligible grantees under the KFin Employee Stock Option Plan 2020.

Apr 23, 2024, 11:46 am IST

Gold Price India: 24K Of 100 Grams Gold Falls By Rs 15,300 Today, Biggest Dip In April

Gold prices witnessed their biggest decline in April amid easing worries of an escalation in the ongoing Middle East crisis. 100 grams of 22k gold price fell by Rs 14000 in India today to Rs 6,61,500 while 100 grams of 24k yellow metal prices dipped by Rs 15300 on April 23 in the country to Rs 7,21,600. On the other hand, 10 grams of 22 carat gold price witnessed a decline of Rs 1400 and 10 grams of 24 carat yellow metal prices r1343055.htmlegistered a fall by Rs 1530 on Tuesday.

Read More

Apr 23, 2024, 11:10 am IST

PSP Projects Stock Rises 4% As Company Initiates Rs 244 Crore QIP

PSP Projects witnessed a surge of approximately 4 percent in its stock price during the opening trade on April 23 following the launch of a qualified institutions placement (QIP) to raise Rs 244 crore. The company has set a floor price of Rs 682.59 per share for the QIP, with a potential discount of up to 5 percent for investors. The indicative issue price for the QIP stands at Rs 670.

Apr 23, 2024, 10:15 am IST

Hutson Agro Products Announces FY 2024 & Quarter Ending In April This Year

Hutson Agro Products Ltd. has announced its financial results for the 4th Quarter and for the Financial Year ended 31st March 2024. Revenue from operations in Q4 FY 24 was Rs.2046.87 crores as against Rs.1789.46 crores in Q4 FY 23 registered a growth of 14.38%. EBITDA in Q4 FY 24 was Rs.231.77 crores as against Rs.158.05 crores in Q4 FY 23 registered a growth of 46.64%. PBT in Q4 FY 24 was Rs.70.89 crores as against Rs.32.88 crores in Q4 FY 23 registered a growth of 115.59%. PAT in Q4 FY 24 was Rs.52.16 crores as against Rs.24.99 crores in Q4 FY 23 registered a growth of 108.76%. Procurement of milk registered a growth of 39.04% in FY 24 over FY 23.

Apr 23, 2024, 9:43 am IST

Hatsun Agro Product Records 109% YoY Profit Growth In Q4

In the fiscal fourth quarter of March FY24, Hatsun Agro Product witnessed a remarkable 109% year-on-year surge in net profit, amounting to Rs 52.2 crore, propelled by robust operational performance. The company's revenue from operations for the quarter also exhibited a solid growth of 14.4%, reaching Rs 2,047 crore compared to the corresponding period in the previous fiscal year.

Apr 23, 2024, 9:42 am IST

Reliance Industries Gains Momentum Following Strong Q4 Results

Reliance Industries shares have continued their upward trend for the third consecutive day, buoyed by positive Q4 results. Following a robust operational performance in the January-March quarter, most analysts covering Reliance Industries have raised their price targets for the Nifty 50 heavyweight.

Apr 23, 2024, 9:37 am IST

Recommendations By Aditya Gaggar, Director Of Progressive Shares

"Indian equities commenced the week on a strong note and ended the session at the highest point of the day at 22,336. Nifty50 has formed a Dragonfly DOJI candlestick pattern, but the overall positive momentum is likely to push the Index higher to fill the bearish gap zone of 22,430-22,500 while on the lower side, a level of 22,180 (50DMA) will act as support. Indication from GIFT Nifty suggests a positive opening for the markets with moderate gains. BankNifty needs to surpass the immediate hurdle of 48,160 to strengthen its momentum while on the lower side, 47,700 will be considered as a strong support. The Auto sector is attempting to give a fresh breakout from a Bullish Flag and Pole formation, post the breakout one can expect a strong outperformance which we had witnessed in the past. The Energy sector's direction largely depends on the market reactions to Q4 numbers of Reliance. A range breakout is anticipated in the Metal sector. With a hidden bullish divergence in RSI, a strong reversal was seen from the lower end of the consolidation in the Pharma sector which indicates a continuation of the current underlying uptrend. Some of the fertilizer stocks are on the verge of a breakout, one should keep an eye on the same (GSFC and NFL)."

Apr 23, 2024, 9:37 am IST

Rupee falls 0.33 paise against US Dollar

Indian rupee witnessed decline of 0.33 paise against US dollar in morning trade on Tuesday.

Apr 23, 2024, 9:20 am IST

Market Opens With Gains; Nifty Breaks Above 22,400

On April 23, Indian indices commenced trading on a positive note, with the Nifty crossing the 22,400 mark. The Sensex recorded a gain of 200.90 points or 0.27 percent, reaching 73,849.52, while the Nifty surged by 64.10 points or 0.29 percent, reaching 22,400.50. During early trading, 1,758 shares advanced, 425 shares declined, and 84 shares remained unchanged.

Apr 23, 2024, 9:16 am IST

Gold Prices Dip To One-Week Low Amid Easing Concerns In Iran-Israel Conflict

Gold prices plunged to a one-week low as tensions in the Iran-Israel conflict eased. Spot gold witnessed a sharp decline of 2.6%, reaching ,328 per ounce, poised to register its most significant intra-day drop in one year. Notably, earlier in the month, gold had surged to a record high of ,431.29 on April 12, driven by robust central bank purchasing.

Apr 23, 2024, 8:51 am IST

Vodafone Idea FPO Oversubscribed 6x On Final Day, QIBs Lead Subscriptions

On the final day of bidding, Vodafone Idea's follow-on public offer (FPO) garnered significant interest, with a subscription rate of 6.36 times, according to data from exchanges. Investors bid for a total of 8,011.8 crore equity shares. As part of the country's largest such offering, the telecom giant has made available 1,260 crore shares in the Rs 18,000-crore FPO. This initiative is a crucial component of its broader strategy to raise Rs 45,000 crore through a blend of debt and equity. Qualified institutional buyers (QIBs) spearheaded the subscription process, oversubscribing their reserved portion by 17.56 times. Non-institutional investors also displayed significant interest, subscribing to 4.13 times their allotted quota. Meanwhile, retail investors secured 91% of their allotted shares.

Apr 23, 2024, 8:50 am IST

M&M Finance Postpones Quarterly Earnings Meeting

Mahindra & Mahindra Financial Services Ltd., a non-bank lender, disclosed on Monday evening that it had uncovered a fraud amounting to ₹150 crore at one of its branches in the North East region. Consequently, the company has postponed its scheduled board meeting, originally planned for today, to discuss earnings for the January-March quarter. The rescheduled date for the meeting is yet to be announced.

Apr 23, 2024, 8:47 am IST

Oil Holds Steady After Middle East Tensions Ease

Oil prices maintained a modest decline as concerns over a potential escalation of tensions between Israel and Iran subsided following a recent exchange of attacks. Brent crude hovered around the per barrel mark after experiencing a 0.3% dip on Monday, while West Texas Intermediate remained above . Israel's focus on eliminating what it perceives as the last stronghold of Hamas in Gaza and securing the release of remaining hostages is expected to sustain regional tensions.

Apr 23, 2024, 8:46 am IST

Asian Equities Rise Amid Optimism Over Corporate Profits, Tracking US Rebound

Asian stocks climbed as they mirrored a rebound in US markets following a trillion selloff, driven by expectations of robust earnings announcements from major tech companies this week. Benchmark indices in Japan and South Korea saw gains, while futures in Hong Kong indicated a positive opening. In the US, equities remained relatively stable after the S&P 500 crossed the 5,000 mark, putting an end to a six-day decline. The Nasdaq 100 surged by 1%, with Nvidia Corp. leading the charge among major tech stocks. Apple Inc. received a boost as it was designated a top pick for 2024 by Bank of America Corp., fueled by optimism surrounding its forthcoming financial results.

Apr 23, 2024, 8:45 am IST

Wall Street Ends Higher As Investors Await Major Corporate Earnings

Wall Street witnessed a rebound on Monday, with stocks closing higher after a recent market downturn, as investors turned their focus towards a pivotal week marked by the release of quarterly results from key companies. These earnings reports are anticipated to offer valuable insights into the health of the US economy. The S&P 500 surged by 43.37 points, or 0.87%, to reach 5,010.60, while the Nasdaq Composite saw a notable gain of 169.30 points, or 1.11%, closing at 15,451.31. The Dow Jones Industrial Average also experienced an uptick, rising by 253.58 points, or 0.67%, to settle at 38,239.98.