Stock Market Highlights, April 27: Benchmarks snap 5-day winning run; Sensex tanks 609 pts

Stock Market Highlights on April 26: Bajaj Finance and Bajaj Finserv shed up to 8 per cent, dragging the benchmarks

3:48 PM

Nifty remained under pressure throughout the session as it failed to sustain above the crucial 22,500 levels

The Nifty remained under selling pressure throughout the session as the index failed to sustain above the crucial level of 22500. On the daily chart, a dark cloud cover pattern is observed, indicating a potential bearish reversal. Immediate support is situated at 22300, below which the Nifty could extend its losses towards 22000. On the other hand, the level of 22500 might act as a technical resistance for the Nifty: Rupak De, Senior Technical Analyst, LKP Securities

3:46 PM

Unexpected surge of US core PCE price index, accompanied by slow GDP growth, impacted market sentiments

The unexpected surge of the US core PCE price index, accompanied by weaker-than-forecasted GDP growth and Treasury yield spikes, impacted market sentiments. Investors are concerned about the possibility of a looming recession in the US. Indian market lagged behind its Asian and European peers due to worries over lofty valuations and lacklustre Q4 earnings, fuelling expectations of downward revisions for FY25 earnings: Vinod Nair, Head of Research, Geojit Financial Services.

 

3:44 PM

Rupee settles at 83.34 against US Dollar

Rupee settled at 83.3488 against US Dollar

 

3:43 PM

Sector watch: Nifty Consumer Durables led with 1.72% gains, Nifty Financial Services lost 0.89%

Sectorally, Nifty Consumer Durables led with health gains of 1.72 per cent, followed by Media (up 1.18 per cent)  

3:41 PM

Broader indices outperform the benchmark indices

In the broader market, Nifty SmallCap and MidCap indices hit new high, MidCap settled 0.79 per cent higher 

 

3:39 PM

Tech Mahindra, Wipro were among the top gainers on 30-share Sensex

Tech Mahindra, Wipro were among the top gainers on 30-share Sensex, while IndusInd Bank and Bajaj twins were among the major laggards

 

3:38 PM

Nifty 50 ends lower, settles above 22,400-mark

NSE’s Nifty 50 settled 0.67 per cent or 150.40 points lower at 22,419.95 levels

 

3:37 PM

Sensex snaps 5-day winning streak, settles below 74,000-mark

S&P BSE Sensex settled 0.82 per cent or 609.28 points lower at 73,730.16 levels, snapping 5-day winning streak 

 

3:03 PM

Three NBFCs looking to raise funds through dollar bond issue, say bankers

Manappuram Finance, Muthoot Finance and state-run REC are aiming to issue benchmark-sized bonds, which means the issuance will be around $500 million each, the three bankers said. READ MORE

2:55 PM

ICICI Bank to report Q4 results on April 27; here's what analysts expect

Analysts said ICICI Bank's margin trajectory and outlook, and deposit traction will be among the key monitorables. READ MORE

2:43 PM

ALERT:: Shriram Finance Q4 net up 49%; stock trades 3% lower

Shriram Finance today reported a 48.7 per cent YoY growth in standalone profit at Rs 1,945.87 crore for the quarter ended March 2024 as against Rs 1,308.31 crore in the corresponding quarter a year ago. Revenue from operations grew by 22.3 per cent YoY to Rs 9,483.71 crore from Rs 7,756.33 crore.

2:36 PM

This Ashish Kacholia-owned stock has zoomed 92% from March low

Shares of Balu Forge Industries (BFIL) rallied 8 per cent to Rs 296 on the BSE in Friday's intraday trade amid heavy volumes, ahead of its listing on the National Stock Exchange (NSE) on Monday. READ MORE

 

2:25 PM

RIL gets S&P, Fitch thumbs-up as strong earnings keep leverage in check

The oil-to-telecom-and-retail conglomerate's growth aspirations remain intact, it said, adding the company has ramped up investments in the media business in recent months. READ MORE

2:13 PM

ALERT:: Bajaj Finserv Q4 net rises 20%; stock down 4%

Bajaj Finserv today reported 20 per cent YoY growth in net profit at Rs 2,118 crore in Q4FY24 when compared with Rs 1,769 crore in Q4FY23. Net Interest Income rose 25 per cent YoY to Rs 9,495 crore from Rs 7,589 crore.

2:03 PM

GMR Airports Infrastructure shoots up by 8% on healthy business outlook

Shares of GMR Airports Infrastructure shot up 8.2 per cent at Rs 92.34 a piece on Friday’s intraday trade. A combined 3.07 million shares of the company changed hands on the BSE. In comparison the S&B BSE Sensex fell by 0.31 per cent 74,109 levels. READ MORE

1:51 PM

HUDCO stock hits record high; zooms 15% on heavy volumes

HUDCO stock price update: HUDCO zoomed 15% on hopes of strong earnings growth going ahead. The stock has rallied 43% from its recent low. READ MORE

1:39 PM

ALERT:: Bank of Maharashtra Q4 net jumps 45%; stock up 2%

Bank of Maharashtra today reported 45 per cent YoY growth in Q4FY24 net profit at Rs 1,217.67 crore when compared with Rs 840.04 crore in Q4FY23. Total income increased by 22 per cent YoY to Rs 6,488.25 crore from Rs 5,317.27 crore.

1:30 PM

VST Tillers shares jump 6% on incorporation of US subsidiary

VST Tillers Tractors (VST Tillers) shares rose as much as 5.74 per cent to hit an intraday high of Rs 3,498.80 apiece after the company announced that it has incorporated a step-down subsidiary in the United States. READ MORE

 

1:22 PM

IndiGo hits record high on placing $5 bn order for 30 wide-body aircraft

The boost came after the company's announcement of venturing into the wide-body space with an order placement for 30 Firm A350-900 aircraft. READ MORE

1:08 PM

Hindustan Unilever eyes growth in beauty segment amid market expansion

Hindustan Unilever (HUL), India's largest consumer goods company, is investing in its beauty portfolio to capitalise on growing demand. Rohit Jawa, HUL’s chief executive officer and managing director, spoke about expansion plans during an analyst call after fourth quarter results for Financial Year 2023-24 were released on Wednesday. READ MORE

12:52 PM

Zensar Technologies zooms 11% on strong Q4 performance; profit rose 45% YoY

Shares of Zensar Technologies rose 11.4 per cent at Rs 641.75 a piece on BSE in Friday's intraday trade. This came after the company reported a 45 per cent surge in its net profits. READ MORE

12:38 PM

This stock zoomed 20% on NCLT's nod to demerge aerospace & defense biz

Shares of Rossell India (RIL) locked in 20 per cent upper circuit at Rs 467.60 on the BSE in Friday's indtraday deals. This came after the National Company Law Tribunal (NCLT), Kolkatta bench approved the scheme of arrangement between the company and Rossell Techsys limited (RTL). READ MORE

Sensex, Nifty, stock market, BSE, NSE

12:25 PM

Asian Market Update:: Shanghai, Hang Seng rally up to 2%

11:56 AM

How to trade F&O stocks with high rollovers in May; check key levels here

Equity benchmark indices have witnessed a swift recovery from the recent lows as fears of escalation in the Israel-Iran conflict eased. Following the recent gains, the Sensex and the Nifty are less than 1 per cent from their respective peak at 75,124 and 22,776, hit earlier this month. The Nifty SmallCap index, meanwhile, has registered a new summit at 15,850. READ MORE

 

11:46 AM

Deloitte projects India's FY25 GDP growth at 6.6% as exports rebound

The country's GDP growth is estimated to reach around 6.6 per cent in FY 2024-25 and 6.75 per cent in the year after, as markets learn to factor in geopolitical uncertainties in their investment and consumption decisions, Deloitte said in its quarterly update to its economic outlook. READ MORE

11:37 AM

Market Check :: Broader markets firm in a weak market

In broader markets, BSE Sensex MidCap soared 0.69 per cent while SmallCap rose 0.60 per cent.

11:16 AM

F&O rollovers insights: FIIs up index shorts; reduce longs in stock futures

Going ahead into the May series, the ongoing Q4 earnings season is expected to weigh on the market sentiment in the initial few days. Thereafter, the markets will seek direction from the US, posts the Federal Reserve rate decision on May 01. Towards the end of the month, the focus will shift to anticipation of the general elections result. While, the outcome seems certain of the ruling party coming back to power, the attention will be on the margin of victory. READ MORE

11:04 AM

Stock Alert: Havells India m-cap tops Rs 1-trillion mark; stock rallies 4%

Havells India joined the elite group of companies having market capitalisation (market cap) of Rs 1 trillion after the company's shares hit a record high of Rs 1,627, surging 4 per cent on the BSE in Friday's intraday trade. The stock of the consumer electronics company surpassed its previous high of Rs 1,590.90, touched on March 2. In the past three months, it has surged 27 per cent, as compared to a 5 per cent rise in the S&P BSE Sensex. READ MORE

10:46 AM

Markets wrong in hoping worst of geopolitical crisis is over: Chris Wood

Global financial markets are wrong in hoping that the worst of the geopolitical flare ups such as the Iran – Israel conflict, and the Russia – Ukraine war is over, wrote Christopher Wood, global head of equity strategy at Jefferies in his recent note to investors GREED & fear. While most investors and media are focused on Fed policy and the 'endless chatter' of US Fed governors, Wood believes the news flow in the financial sphere pales into complete insignificance compared with the tectonic shifts going on in geopolitics. READ MORE

10:31 AM

Tech Mahindra Q4: Stock zooms 13% as management eyes 'turnaround' in FY25

The management announced its vision for the financial year 2026-27 (FY27), with goals to outgrow peers in revenue growth and achieve earnings before interest and tax (Ebit) margin of 15 per cent by FY27. It also aims for a 30 per cent plus return on capital employed (ROCE) profile and expects to return >85 per cent of free cash flow (FCF) by FY27 READ MORE