Sensex zooms 363 pts on 1st day of FY25, Nifty tops 22,450; SmallCap index rallies 3%

Stock market highlights on Monday, April 01: Among sectors, the Nifty Media index jumped 4.7 per cent, the Nifty Metal 3.62 per cent, and the Nifty Realty 4.21 per cent

3:42 PM

Currency check :: Rupee ends 3 paise weaker at 83.4/$

3:41 PM

Broader markets :: Mid, SmallCap indices begin FY25 with outperformance over benchmarks

3:40 PM

Sectoral trends :: Realty, Media indices jump over 4% each, Auto slips

3:38 PM

Sensex Heatmap :: Titan, IndusInd, Airtel cap upside on index

3:37 PM

Closing Bell :: Nifty holds 22.450 on 1st session of FY25

3:36 PM

Closing Bell :: Sensex extends FY24 gains, rallies 363 points

3:30 PM

ALERT :: BEL achieves record turnover of Rs 19,700 crore in FY24

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3:23 PM

Indian term insurance is being favoured by NRIs. Here is why

While various factors contribute to this growing interest, affordability and convenience emerge as the primary drivers.  Policybazaar has witnessed a remarkable 130% year-on-year growth in demand among NRIs aged 18-60, with India becoming the preferred choice for those residing in countries like the US, UK, Canada, UAE, and Singapore READ MORE

3:09 PM

Global check:: US stock futures up 0.5%; UK mixed

Source: Investing.com

2:59 PM

RBI has transitioned into being enabler for market economy: Shaktikanta Das

Shaktikanta Das stated that the RBI has evolved from a central bank focused on resource allocation during the planning era to an enabler for the market economy. READ MORE

2:49 PM

ALERT:: Coal India March production rises 6%; stock up 2%

Coal India in an exchange filing today reported 6.1 per cent growth in March production at 88.6 MT v/s 83.5 MT.

2:37 PM

ALERT:: Tata Motors local sales grew 2% in March; stock flat, down 2% from day's high

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2:28 PM

Small-cap fertiliser stock leaps 20% on first day of FY25; here's why

Shares of small-cap fertiliser stock Best Agrolife were locked at the 20 per cent upper circuit at 1:45 PM on the BSE on Monday amid a rally in small-cap pack. While the the benchmark S&P BSE Sensex was up 0.5 per cent, the BSE SmallCap index was quoting 2.6 per cent higher at the time of writing of this report.  READ MORE

2:16 PM

Marginal cut in jet fuel price, commercial LPG rate reduced by Rs 30.5

Jet fuel or ATF price on Monday was cut by a marginal 0.5 per cent while rates of commercial LPG used by establishments such as hotels and restaurants were slashed by Rs 31 per cylinder in line with international prices. READ MORE

2:00 PM

Asian Market Update:: China, Hong Kong indices rally; Nikkei falls

Source: Yahoo Finance

1:44 PM

ALERT:: BSE SmallCap index surged over 2.5%; EKI, Ramky top movers

1:31 PM

ALERT:: APL Apollo Tubes Q4 sales rise 4%; stock up 1%

APL Apollo Tubes in an exchange filing today reported 4 per cent YoY growth in Q4Fy24 sales volume at 6.78 lakh tonnes, the same was up 12 per cent on QoQ basis. For the full-year (FY24) sales volume grew by 15 per cent YoY.

1:19 PM

Aurobindo Pharma commissions 4 plants in Andhra including Pen-G facility

The Rs 2,400 crore Pen-G plant is expected to start trial production in April and commercial production in a couple of months and the ramping up of the production will happen during the second quarter. READ MORE

1:05 PM

India needs to become economically self-reliant in next 10 years: PM Modi

Modi said the banking sector has become profitable and credit growth has been increasing because of efforts taken by his government and the RBI in the last decade. READ MORE

12:27 PM

Prestige Estate Projects soars over 7% on securing landmark funding

Shares of Prestige Estates Projects soared 7.4 per cent to a high of Rs 1,256 in Monday's intra-day trades on the BSE after the group reportedly secured landing funding for future projects.

At 12:20 pm, the stock was up 6.2 per cent at Rs 1,243, on volumes of around 20,000 shares on the BSE. Meanwhile, the S&P BSE Sensex gained 0.6 per cent at 74,060. Read more

12:15 PM

Shares of HAL zoom 3% on revenue growth in FY24

12:01 PM

Globus Spirits zooms 11% as co commissions additional capacity at two units

Shares of liquor maker Globus Spirits sprinted as much as 10.7 per cent to Rs 736.4 per share in Monday's intraday deals on the BSE after the company began commercial operations at additional capacity at two existing units. 

At 11:40 AM, the stock was quoting 9.5 per cent higher at Rs 728 per share as against a half a per cent rise in the benchmark S&P BSE Sensex. The stock, however, is still 44 per cent down from its 52-week high level of Rs 1,326 per share. Read more

11:48 AM

Toyota Kirloskar sees highest-ever monthly sales at 27,180 units in March

Toyota Kirloskar Motor on Monday reported its highest-ever monthly wholesales at 27,180 units in March.

The company's total dispatches to dealers increased 25 per cent last month to 22,910 units as compared with 21,783 units in March 2023.

For the 2023-24 fiscal the company reported the highest-ever wholesales of 2,63,512 units, an increase of 48 per cent as against 1,77,683 units in 2022-23. Read more

11:28 AM

Torrent Power leaps 8% on winning order worth Rs 1,825 crore

Torrent Power shares rallied 8 per cent to Rs 1,463.25 apiece on the BSE in Monday's intraday trade after the company received Letter of Award (LoA) for a Grid-Connected Wind Solar Hybrid Project.

The LoA has been received from Torrent Power Limited-Distribution Unit for setting up of 150 MW (RE Power) hybrid project valued at Rs 1,825 crore. 

At 10:50 AM, the shares were trading 6.3 per cent higher at Rs 1,440 as against 0.6 per cent gain in the benchmark S&P BSE Sensex. Read more

11:21 AM

Aurobindo Pharma up 2% on commissioning 4 manufacturing facilities

On Sunday the company informed the exchanges that it has commissioned four manufacturing facilities for PenicillinG, 6-Amino Penicillanic Acid (6-APA), Injectable products and Granulation, through its wholly owned subsidiaries. 

10:59 AM

Sensex can hit 77,000, Nifty 23,500 as bull-run to continue in FY25

Analysts remain bullish on the road ahead for the equity markets, but warn against volatility on account of domestic and global cues.

The upcoming Lok Sabha elections back home and the interest rate trajectory of the US Federal Reserve, they said, will be the two most important factors that the markets will keep a tab on. 
 

That apart, the valuation of the Indian markets, they feel, will also be eyed in context of how global peers are performing. Read more

10:51 AM

JSW Steel zooms 5% at Rs 870 per share on commissioning a new mill

Shares of steel major JSW Steel soared 4.70 per cent at Rs 870.45 a piece on Monday after the company’s subsidiary increased steel capacity, integrating a new mill into its fold. Till 10:12 AM, over one lakh 51 thousand stocks of the company changed hands on the BSE.
 

The stock had hit its 52 week high at Rs 895.60 on 28 December, 2023. Over the last six months the stock has gained 12 per cent while trading 1 per cent down year to date. Read more

10:32 AM

PNB Housing Fin soars 15% on multiple rating upgrades

Shares of PNB Housing Finance soared 14.5 per cent to Rs 720.4 per share on the BSE in Monday's intraday deals amid a slew of credit rating upgrades by rating agencies. At 10:08 AM, the shares were quoting 13.2 per cent higher at Rs 712.4 as against 0.68-per cent rise in the benchmark S&P BSE Sensex. 

On March 29, CARE Ratings upgraded PNB Housing Finance's Long Term Bank Facilities, worth Rs 15,600 crore, to 'CARE AA+' from 'CARE AA'. The outlook was changed to 'Stable' from 'Positive'. Read more

10:10 AM

Infosys jumps 2% on hopes of Rs 6,329 cr tax refund

Shares of Infosys jumped 2 per cent to a high of Rs 1,528 in Monday's intra-day deals after the IT major said it expected a tax refund of up to Rs 6,329 crore.

At 09:45 am, the stock quoted with a gain of 1 per cent at Rs 1,514 on trades of around 92,000 shares on the BSE. Meanwhile, the S&P BSE Sensex was up 0.7 per cent at 74,198. Read more

9:56 AM

Lok Sabha elections, repo rate cut: Factors that could sway markets in FY25

Indian Stock Market FY25 outlook: Equity markets ended the previous financial year 2023-24 (FY24) on a high note as investors lauded India's strong economic growth, steady earnings of India Inc, and range-bound inflation. Read more