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PremiumMarket Close Highlights : European stocks were largely flat in a light trading day with markets in the UK and US closed for holidays.
The Stoxx 600 Index was little changed by 8:25 a.m. in London, with auto and energy stocks faring best, while technology shares were the biggest decliners.
Among individual movers, EFG International AG rallied 4.6%, following a Bloomberg news report after market close Friday that Julius Baer Group Ltd. is exploring a potential acquisition of its rival Swiss private bank. Julius Baer slipped 0.8%.
Europe’s better-than-feared earnings season has provided support for an historic stock rally, but investors’ focus may now shift to a still uncertain macro picture. The advance in equities also slowed as questions over the pace and size of interest rate cuts mounted, as the higher-for-longer narrative settles.
“Given the recent positive economic surprises in Europe and China, we remain positive on European equities, with relatively low positioning in Europe from international investors," said Ulrich Urbahn, head of multi-asset strategy and research at Berenberg.
Meanwhile, investors are keeping a close eye on comments from European Central Bank officials as they assess the prospects for monetary policy after a widely telegraphed start to easing at the next ECB meeting in June.
The time is right for an ECB rate cut next month, said Executive Board member Piero Cipollone. Chief Economist Philip Lane said separately that the central bank will still need to keep policy in restrictive territory through 2024.
Sensex Today Live : After touching their all-time highs in early trades led by a rally in Banking and Financial Services stocks, Indian benchmark indices Sensex and Nifty closed on a muted note after investors booked profit across sectors like Pharma and Healthcare among others.
Sensex, which had opened higher at 75,655.46, created a fresh all-time high at 76,009.68, before climbing down around 600 points to close flat. At close, Sensex was at 75,390.50, down 19.89 points, or 0.03%.
Similarly, the Nifty 50, which had opened higher at 23,038.95, touched an all-time high of 23,110.80 but shed nearly 200 points to close lower. At close, the Nifty 50 was at 22,932.45, up 24.65 points, or 0.11%.
More than half of the 30 stocks on the BSE Sensex closed in the red. Wipro, Sun Pharma, Mahindra & Mahinda NTPC, and ITC were the top drags for the day, while IndusInd Bank, Axis Bank, Bajaj Finance, HDFC Bank and Tata Steel were the top gainers.
Meanwhile, 21 of the 50 stocks on the Nifty 50 closed in the green. Divi's Laboratories, IndusInd Bank, Adani Ports & SEZ, Axis Bank and Larsen & Toubro, were the top gainers, while Adani Enterprises, Wipro, Grasim Industries, SBI Life and ONGC, were the top drags for the day.
The broader market also ended on a mixed note, with the BSE SmallCap index shedding 0.09% and the BSE MidCap gaining 0.63%.
Across sectors, Media, Metal, Oil & Gas, FMCG and Auto indices ended in the red, while Pharma and Healthcare also ended under pressure. On the flip side, the Bank, Financial Services, IT, Realty and Consumer Durables indices had gained on strong buying.
In corporate news, Kirloskar Industries reported a 24% YoY decline in consolidated Q4 PAT at ₹70.73 crore, compared to ₹93.09 crore in the year ago period. The company recommended a dividend of ₹13 per equity share for FY24. Shares of the company closed 2,45% lower.
HBL Power Systems posted a 134% YoY increase in consolidated Q4 net profit at ₹ ₹81.5 crore, compared to ₹34.8 crore in the year ago period. Shares of the company closed more than 2% higher.
Another company, PCBL reported a 8.5% YoY increase in consolidated Q4 PAT at ₹110.95 crore, compared to ₹102.28 crore in the year ago period. Shares of the company closed down more than 2%.
Sensex Today Live : Across sectors, Media, Metal, Oil & Gas, FMCG and Auto indices were trading in the red, while Pharma and Healthcare indices were also under pressure. On the flip side, the Bank, Financial Services, IT, Realty and Consumer Durables indices had gained
Sensex Today Live : The broader market was trading on a mixed note, with the BSE SmallCap index falling 0.03% and the BSE MidCap gaining 0.62%.
Sensex Today Live : 20 of the 50 stocks on the Nifty 50 were trading in the green. Divi's Laboratories, IndusInd Bank, HDFC Bank, Adani Ports & SEZ, and Larsen & Toubro, were the top gainers, while Wipro, ONGC, Eicher Motors, Adani Enterprises, and Grasim Industries, were the top drags.
Sensex Today Live : Half of the 30 stocks on the BSE Sensex were trading in the red. Wipro, NTPC, Sun Pharma, ITC, and Mahindra & Mahinda were the top drags, while IndusInd Bank, Axis Bank, HDFC Bank, Bajaj Finance and Larsen & Toubro were the top gainers.
Sensex Today Live : Indian benchmark indices were off their highs and trading in the red on Monday.
At 3 pm, Sensex was up 224.88 points, or 0.30%, at 75,185.44 and Nifty was up 69.20 points, or 0.3%, at 22,887.90.
Sensex Today Live : Sigachi Industries reported consolidated Q4 revenue from operations at ₹104.1 crore, compared to ₹72.4 crore in the year ago period
Profit before tax stood at ₹17.2 crore, compared to ₹10.3 crore in the year ago period
Profit for the quarter stood at ₹15.2 crore, compared to ₹7.3 crore in the year ago period
Sensex Today Live : Kirloskar Industries reported consolidated total Q4 revenue from operations at ₹1,728.60 crore, compared to ₹1,574.21 in the year ago period
Profit before tax stood at ₹115.99 crore, compared to ₹164.58 crore in the year ago period
Profit after tax for the quarter stood at ₹70.73 crore, compared to ₹93.09 crore in the year ago period
The Board of Directors has recommended a dividend of ₹13 per equity share of ₹10 each for the FY24
Sensex Today Live : Indian benchmark indices were trading in the green on Monday, tracking gains among Asian peers.
At 2 pm, Sensex was up 458.05 points, or 0.61%, at 75,868.44 and Nifty was up 119.25 points, or 0.52%, at 23,076.35.
Sensex Today Live : HCLTech today announced its collaboration with Arm to deliver custom silicon chips that support AI-driven business operations.
The partnership will bring to market solutions that enable semiconductor manufacturers, system OEMs and cloud services providers to enhance the computing efficiency of their data center environments and meet evolving customer demands, the company said in an exchange filing.
HCLTech will leverage pre-integrated Arm Neoverse Compute Subsystems (CSS) to help clients minimize development risks and swiftly deliver innovative, market-customized solutions geared toward improved performance and scalability for AI workloads, HCLTech added.
HCLTech has preferential access to Neoverse CSS as a member of Arm Total Design, an ecosystem that brings together industry leaders to accelerate frictionless delivery of Arm-based custom silicon chips.
Sensex Today Live : HBL Power Systems reported revenue from operations at ₹610.1 crore, compared to ₹402.6 crore period
Profit before tax stood at ₹97.8 crore, compared to ₹36.1 crore in the year ago period
Net profit stood at ₹ ₹81.5 crore, compared to ₹34.8 crore in the year ago period
Sensex Today Live : Anjani Portland Cement reported consolidated revenue from operations in Q4 at ₹157.9 crore, compared to ₹133 crore
Sensex Today Live : Losses before tax narrowed to ₹10.02 crore, compared to ₹18.31 crore in the year ago period
Net loss for the quarter narrowed to ₹4.56 crore, compared to ₹16.90 crore in the year ago period
Sensex Today Live : Indian benchmark indices were trading in the green on Monday, tracking gains among Asian peers.
At 1 pm, Sensex was up 443.8 points, or 0.59%, at 75,854.19 and Nifty was up 107.40 points, or 0.47%, at 23,064.50.
Sensex Today Live : PCBL posts consolidated Q4 revenue from operations at ₹1,928.78 crore, compared to ₹1,373.81 crore
Sensex Today Live : Profit before tax stood at ₹149.33 crore, compared to ₹148.29 crore in the year ago period
Profit after tax for the period stood at ₹110.95 crore, compared to ₹102.28 crore in the year ago period
Sensex Today Live : Panama Petrochem reported consolidated revenue from operations stood at ₹740.97 crore in Q4, compared to ₹510.40 crore in the year ago period
Profit before tax stood at ₹73.74 crore, compared to ₹62.57 crore in the year ago period
Profit for the quarter came in at ₹60.98 crore, compared to ₹50.81 crore in the year ago period
Sensex Today Live : Stylam Industries reported Q4 revenue from operations at ₹239.9 crore, compared to ₹236.8 crore in the year ago period
Profit before tax stood at ₹41.1 crore, compared to ₹36.3 crore in the year ago period
Net profit for the quarter stood at ₹37.6 crore, compared to ₹26.8 crore in the year ago period
Sensex Today Live : Barring Media, Oil & Gas and Metal indices, all other sectoral indices were trading in the green. The Bank and Financial Services indices had gained more than 1%, following by the IT and Consumer Durables Indices.
Sensex Today Live : The broader market was trading higher, with the BSE MidCap index gaining 0.56% and the BSE SmallCap gaining 0.11%.
Sensex Today Live : 16 of the 50 stocks on the Nifty 50 were trading in the red. Wipro, ONGC, Eicher Motors, Adani Enterprises, and Grasim Industries were the top drags, while Divi's Laboratories, IndusInd Bank, HDFC Bank, Adani Ports & SEZ, and Larsen & Toubro were the top gainers.
Sensex Today Live : Seven stocks, Wipro, NTPC, Maruti Suzuki India, Mahindra & Mahindra, Reliance Industries, Sun Pharma, and JSW Steel, out of the 30 on the BSE Sensex, were the top drags, while IndusInd Bank, HDFC Bank, TCS, Larsen & Toubro, and ICICI Bank, were the top gainers.
Sensex Today Live : Indian benchmark indices were trading in the green on Monday, tracking gains among Asian peers.
At 12 pm, Sensex was up 458.76 points, or 0.61%, at 75,869.15 and Nifty was up 109.05 points, or 0.48%, at 23,066.15.
Sensex Today Live : Shyam Metalics and Energy today announced the expansion of its rail infrastructure at its integrated steel plant in Pandloi village near Rengali, Sambalpur district, Odisha.
The company said, the expansion has been implemented to meet the significant growth its integrated steel plant has witnessed in recent years.
Previously, the plant operated with two dedicated railway lines for managing raw material intake and finished goods dispatch. As part of the expansion, SMEL has increased the number of lines to four, the company said in an exchange filing.
Sensex Today Live : BSE today announced that it has approved the executionof a Share Purchase Agreement with SPDJ Singapore Pte Ltd to acquire the remaining 50% stake in AIPL from SPDJS.
The company, in an exchange filing, said, "We would like to inform you that BSE Limited has approved execution of a Share Purchase Agreement with SPDJ Singapore Pte Limited for acquiring 50% stake of AIPL from SPDJS".
Post acquisition of this stake, AIPL will become a wholly owned subsidiary of BSE, the company added.
Sensex Today Live : Veranda Learning Solutions today announced that it has commenced work as a Training Partner as per terms of the MoU with the Karnataka Skill Development Corporation (KSDC) to assist in the implementation of Wealth Management Course which is part of the Kalike Jothege Kaushalya, a state government initiative to provide skill development and career guidance to students in government colleges.
The program will be delivered in Government colleges as a pilot project at Raichur and Gulbarga, the company said in an exchange filing.
Sensex Today Live : Indian benchmark indices were trading in the green on Monday, tracking gains among Asian peers.
At 11 am, Sensex was up 227.17 points, or 0.30%, at 75,637.56 and Nifty was up 47.55 points, or 0.21%, at 23,004.65.
Sensex Today Live : Transformers and Rectifiers (India) announced today that it has tested and supplied the world's third largest 220 MVA Electric Arc Furnace Transformer.
In an exchange filing, the company said, "We have successfully tested and supplied 220 MVA, Electric Arc Furnace Transformer, World’s Third Largest. This transformer is supplied to one of the world’s leading Company engaged in production of steel plants".
Sensex Today Live : Axiscades Technologies today announced that its subsidiary Mistral Solutions has secured a large order from Bharat Electronics Limited (BEL).
The order entails design, development, and supply of eight Radar Processing Systems for the Arudhra Medium Powered Radar (MPR), the company said in an exchange filing. With a gross order value of ₹90 Crore, the systems will be delivered over a span of four years.
The MPR is an indigenous rotating active phased array multifunction 4D Radar capable of automatic detection and tracking of aerial targets ranging from slow-moving targets to combat aircraft.
Sensex Today Live : Som Distilleries and Breweries today announced that it has received official permission to sell its beer brands in the state of Telangana.
The company, in an exchange filing, said, "We are pleased to announce that we have received official permission from the State of Telangana to supply our renowned beer brands".
"With this new permission, we anticipate a substantial increase in sales volume in the short to medium term, bolstering the company’s growth trajectory and market presence," the company added.
Sensex Today Live : Across sectors, the Oil & Gas and Auto indices were the top drags, while PSU Bank, Metal and Media indices were also under pressure.
On the flip side, the Realty, IT, Bank and Financial Services indices had gained the most.
Sensex Today Live : The broader market indices were trading on a mixed note, with the BSE MidCap climbing 0.32% and the BSE SmallCap declining by 0.14%.
Sensex Today Live : 12 of the 50 stocks on the Nifty 50 were trading in the green. Divi's Laboratories, TCS, HDFC Bank, Adani Ports & SEZ and Hindalco were the top gainers, while Adani Enterprises, ONGC, Wipro, Coal India and Maruti Suzuki India were the top drags.
Sensex Today Live : 14 out of the 30 stocks on the BSE Sensex were trading in the red. Wipro, Maruti Suzuki India, NTPC, Power Grid Corp., and Mahindra & Mahindra were the top drags, while HDFC Bank, TCS, Kotak Mahindra Bank, IndusInd Bank, and UltraTech Cement, were the top gainers.
Sensex Today Live : Indian benchmark indices opened in the green but were trading flat on Monday.
At 10 am, Sensex was up 70.39 points, or 0.09%, at 75,480.78 and Nifty was up 0.60 points at 22,956.50.
Sensex Today Live : The company reported an increase in net sales by 22.13% YoY to ₹742.69 crore in March 2024. The quarterly net profit was ₹18.87 crore, up 108.71% from March 2023. The EBITDA stands at ₹69.98 crore, up 32.94% from the previous year.
Sensex Today Live : The company saw a 0.8% YoY decrease in Q4 net sales to ₹124.13 crore in March 2024. However, the quarterly net profit was ₹10.70 crore, up 2% from March 2023. EBITDA stood at ₹21.85 crore, down 9.86% from the previous year.
Sensex Today Live : The company saw a 3.66% YoY decrease in net sales to ₹270.87 crore in March 2024. Quarterly net profit was ₹13.74 crore, up 8.03% from March 2023. The EBITDA stands at ₹21.73 crore, up 6.1% from the previous year.
Sensex Today Live : The company reported a 32.27% YoY increase in net sales by 32.27% YoY to ₹0.24 crore in March 2024. The quarterly net profit was ₹0.05 crore, up 196.87% from March 2023. EBITDA stood at ₹0.06 crore, up 200% from the previous year.
Sensex Today Live : The company saw a decrease of 18.93% YoY in net sales to ₹142.23 crore in March 2024. The quarterly net profit was ₹4.74 crore, down 44.5% from March 2023. The EBITDA stood at ₹9.66 crore, down 38.27% from the previous year.
Sensex Today Live : The company reported an 18.9% YoY fall in Q4 net profit to ₹9.6 crore, but its revenue jumped 22.4% to ₹79.7 crore.
Sensex Today Live : saw an increase in net sales by 19.56% YoY to ₹140.98 crore in March 2024. However, the company's net loss widened to ₹9.55 crore from a net loss of ₹0.45 crore in March 2023. The EBITDA stands at ₹3.30 crore, down 34% from the previous year.
Sensex Today Live : The saw a 11.28% YoY decrease in net sales to ₹65.06 crore in March 2024. The quarterly net profit was ₹9.21 crore, down 31.55% from March 2023. EBITDA stood at ₹18.24 crore, down 16.71% from the previous year.
Sensex Today Live : The company reported a 40.2% YoY spike in Q4 bet profit to ₹87.5 crore and a 42.3% increase in revenue to ₹506.2 crore.
Sensex Today Live : The company reported a 302.3% YoY surge in Q4 net profit to ₹54.4 crore and a 37% jump in revenue to ₹354 crore. The company’s EBITDA zoomed 135.5% to ₹80.7 crore.
Sensex Today Live : The company reported a net loss of ₹15.08 crore in Q4, compared to a profit of ₹31.06 crore in the year ago period. However, the company’s revenue surged 40.7% to ₹164 crore. Additionally, co-founder and CEO Nishant Pitti has withdrawn his personal bid from the GoAir acquisition process, stating that he would focus on other strategic priorities and initiatives aligning with the company’s long-term vision and growth objectives.
Sensex Today Live : HCC reported a 22.12% rise in consolidated Q4 net profit at ₹246.2 crore. The company’s total income during the quarter stood at ₹1,813.05 crore.
Sensex Today Live : The company has bagged a ₹187.34 crore project from Maharashtra Metro Rail Corporation (Nagpur Metro). The project involves the construction of six elevated metro stations in Phase 2.
Sensex Today Live : The company reported a 29.6% YoY jump in Q4 net profit to ₹46.9 crore and a 20% rise in revenue to ₹403.7 crore. The company’s EBITDA grew 22.6% to ₹75.9 crore.
Sensex Today Live : The Dubai-based healthcare company has entered into an agreement with Cauvery Medical Centre for the expansion of its existing Aster CMI Hospital premises by adding another 350 beds.
Sensex Today Live : Adani Ports and Special Economic Zone will replace Wipro in the BSE Sensex effective from June 24. Additionally, REC, HDFC AMC, Canara Bank, Cummins India, and Punjab National Bank will be included in the S&P BSE 100 index, while Page Industries, SBI Card, ICICI Prudential Life Insurance, Jubilant FoodWorks, and Zee Entertainment Enterprises will be removed. Trent will replace Divi's Laboratories in the S&P BSE Sensex 50 index.
Sensex Today Live : The bank reported a 22.5% YoY decrease in profit to ₹274.2 crore and a 3% decline in net interest income to ₹834 crore in Q4. The bank’s pre-provision operating profit dropped 27.1% to ₹499.8 crore.
