Sensex Today Live Updates : Sensex up 580pts, Nifty at 22,580; Realty, Cons., down, PSB, Auto, Pharma, Health, O&G gain | Mint

Market Close Highlights : World stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook and Instagram parent Meta hammered tech, while the yen’s drop through 155 per dollar for the first time since 1990 kept FX traders on intervention alert.

Both U.S. Q1 GDP data and more ‘Big Tech’ earnings were scheduled for later in the day but for now it was Meta’s 15% after-hours price slump that was souring the mood.

Japan’s tech-heavy Nikkei slid 2% in Asian trading and European tech stocks were down 0.8% in early dealing as traders did pretty much the opposite to the previous day after Tesla had promised new models by early next year.

In an earnings-packed week, tech bellwethers are in the spotlight, with Alphabet, Microsoft and Intel also due to report on Thursday.

European earnings and M&A deals were flooding in too.

London’s FTSE 100 hit another record high as UK-listed miner Anglo American surged 11% on a buyout offer from Aussie rival BHP, while Deutsche Bank slipped and BNP Paribas edged up after the euro zone’s biggest lenders posted upbeat first-quarter profits.

Beyond corporate earnings, investor focus will be on the first quarter U.S. gross domestic product (GDP) data due out later.

Recent hotter-than-expected inflation reports have pushed back and reduced expectations for Federal Reserve interest rate cuts, with markets now pricing in roughly a 70% chance of a first reduction in September. They are not even fully convinced there will now be another one this year, having expected around six cuts at the start of the year.

The shifting expectations of U.S. rates have lifted Treasury yields and the dollar, casting a shadow on the currency market. Against a basket of currencies, the dollar was little changed at 105.75.

In the commodity markets, U.S. crude rose 0.1% to $82.89 per barrel and Brent was at $88.13, up 0.12% on the day. Gold, which hit a record high earlier this month, inched up to $2,326 an ounce.

25 Apr 2024, 03:40:13 PM IST

Sensex Today Live : Closing Bell Wrap

Sensex Today Live : Indian benchmark indices surged for the fifth straight session on Thursday, following a raft of positive earnings reports from companies, while shaking of the muted sentiment flowing from Asian and global peers.

Sensex, which had opened lower at 73,572.34, remained muted for most of the day, even touching a low of 73,556.15. But a number of positive Q4 earnings reports from companies pushed the benchmark index higher to touch a record high of 74,571.25.

At close, Sensex was at 74,339.44, up 486.50 points, or 0.66%.

Meanwhile, Nifty 50, which had also opened lower at 22,316.90, touched a high of 22,625.95 in intraday trades. At close, the Nifty 50 was up 167.95 points, or 0.75% at 22,570.35.

Seven out of the 30 stocks on the Sensex ended the day in the red. Kotak Mahindra Bank, Hindustan Unilever, Titan, Bajaj Finance, and Maruti Suzuki India, were the top drags for the day, while Axis Bank, SBI, JSW Steel, Nestle India, and Sun Pharma, were the top gainers.

10 stocks out of the 50 on the Nifty 50 ended in the red. Kotak Mahindra Bank, LTIMindtree, Hindustan Unilever, Titan, and SBI Life were the top drags for the day, while Axis Bank, SBI, Dr Reddy’s, Nestle India, and Hero MotoCorp, were the top gainers.

The broader market also ended in the green, with the BSE SmallCap index gaining 0.54%, and the BSE MidCap index was gaining 0.71%.

Meanwhile, across sectors, barring Consumer Durables and Realty, which were down 0.43% and 0.25%, respectively, all other sectoral indices ended the day in the green.

The PSU Bank index gained the most for the day; it was up 3.77% at close, followed by the Pharma, Healthcare and Auto indices, which closed up 1.57%, 1.38%, and 1.27%, respectively.

The Bank and Financial Services indices closed up 0.63% and 0.48%, while the FMCG and IT indices closed up 0.67%, and 0.33%, respectively.

25 Apr 2024, 03:18:03 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Barring Consumer Durables and Realty, which were down 0.42% and 0.31%, respectively, all other sectoral indices were in the green. The PSU Bank index had gained the most; it was up 3.80%, followed by the Pharma, Healthcare and Auto indices, which were up 1.55%, 1.37%, and 1.27%, respectively.

The Bank and Financial Services indices were up 0.64% and 0.50%, while the FMCG and IT indices were up 0.67%, and 0.32%, respectively.

25 Apr 2024, 03:13:12 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was in the green, with the BSE SmallCap index up 0.54%, and the BSE MidCap index was up 0.68%. 

25 Apr 2024, 03:07:23 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : Nine stocks out of the 50 on the Nifty 50 were in the red. Kotak Mahindra Bank, LTIMindtree, Hindustan Unilever, SBI Life, and Titan, were the top drags, while Axis Bank, SBI, Dr Reddy’s, JSW Steel, and Hero MotoCorp, were the top gainers. 

25 Apr 2024, 03:04:47 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Five stocks, Kotak Mahindra Bank, Hindustan Unilever, Titan, Bajaj Finance, and Asian Paints, out of the 30 on the Sensex were in the red, while Axis Bank, SBI, JSW Steel, Nestle India, and Mahindra & Mahindra, were the top gainers. 

25 Apr 2024, 03:01:49 PM IST

Sensex Today Live : 3 pm market update

Sensex Today Live : Indian benchmark indices had climbed on Thursday, following a raft of positive earnings reports from companies.

At 3 pm, Sensex was up 594.05 points, or 0.80%, at 74,446.99, and Nifty was up 186.55 points, or 0.83% at 22,588.95.

25 Apr 2024, 02:56:21 PM IST

Sensex Today Live : Anand Rathi Research Team recommends to ‘ACCUMULATE’ Jupiter Wagons with a TP of ₹500

Sensex Today Live : CMP : ₹416

Target: ₹500

Upside : 20.19%

“Recently we observed that there was some strong buying in most of the railway related stocks since past few session. Most of the stock including JUPITER WAGONS confirmed a range breakout. With regards to JWL, there are multiple breakouts, and the price action resembles a bullish Cup and Handle pattern. Thus, we advise traders to accumulate the stock in the range of ₹418 – ₹414 with a stop loss of ₹370 (daily closing basis) for an upside target of ₹500.”

25 Apr 2024, 02:41:39 PM IST

Sensex Today Live : Elara Securities India recommends to ‘REDUCE’ Hindustan Unilever

Sensex Today Live : Hindustan Unilever Rating: REDUCE

Target Price : INR 2320

Upside : 3%

CMP : ₹2,260 (as on 24 April 2024)

Volume growth subdued; premium portfolio outperformed

We pare 25E/26E earnings 2.7%/2.9% to factor in lower-than-expected revenue growth and margin. We reiterate Reduce with TP trimmed to ₹2,320 (from ₹2,600), as we assign 45x (from 50x on near-term challenges) on FY26E P/E. Key risk to our call is increase in input prices, which could aid in price-led growth and market share gains from regional players.

25 Apr 2024, 02:28:36 PM IST

Sensex Today Live : Elara Securities India recommends to ‘ACCUMULATE’ Tata Consumer Products, says margin expansion on the anvil

Sensex Today Live : Tata Consumer Products Rating: ACCUMULATE

Target Price : ₹1,200

Upside : 8%

CMP : ₹1,110 (as on 24 April 2024)

We cut FY25E/26E earnings estimates slightly by 2%/1% to factor in a tad lower revenue growth outlook. So, we pare SOTP-TP to ₹1,200 (from ₹1,246) as we assign 50x FY26E P/E to the India business (unchanged) and 25x FY26E P/E to the international business. Maintain Accumulate – We favor TATACONS as it offers visibility on double-digit sales growth and margin expansion, in the long term.

25 Apr 2024, 02:10:46 PM IST

Sensex Today Live : Jinesh Joshi, Research Analyst – Institutional Equities at Prabhudas Lilladher, says PVR-INOX’s decision to reduce ads and increase number of shows may not work “when content itself is not clicking”

Sensex Today Live : Jinesh Joshi, Research Analyst – Institutional Equities at Prabhudas Lilladher, says patrons in premium formats are time conscious and hence the idea to cut down on ad-time appears sensible. However, this is a chicken and egg situation, he says. “Content and ad-revenue is inter-linked. If you have good content, ad-revenue increases as eyeballs rise and vice-versa.”

In current scenario, when content is weak, ad-revenue is bound to suffer. It is pertinent to note that even in FY24E, PVR-Inox’s ad-revenue will be lower than pre-COVID base of ₹554 crore. “Thus, it remains to be seen if cutting down on ad-time and making way for more shows bears fruit when content itself is not clicking (albeit temporarily), Joshi says.

“We maintain our view that there are no near term triggers in the stock given weak content pipeline. Retain ACCMULATE with a TP of ₹1,663 but expect back ended returns.”

25 Apr 2024, 02:02:22 PM IST

Sensex Today Live : 2 pm market update

Sensex Today Live : Indian benchmark indices had climbed on Thursday, following a raft of positive earnings reports from companies.

At 2 pm, Sensex was up 291.91 points, or 0.40%, at 74,144.85, and Nifty was up 94.50 points, or 0.42% at 22,496.90.

25 Apr 2024, 01:50:29 PM IST

Sensex Today Live : Veranda Learning subsidiary signs business transfer agreement with Logic Management Training Institute

Sensex Today Live : Veranda Learning Solutions today informed the exchanges that it has signed a business transfer agreement with Kerala-based Logic Management Training Institutes through its Subsidiary Veranda XL Learning Solutions.

This acquisition will enable Veranda Learning to expand its reach as Logic Management Training Institute has grown into a premier institution renowned for its professional financial courses, the company said.

25 Apr 2024, 01:26:35 PM IST

Sensex Today Live : ITC’s subsidiary WelcomHotels Lanka launches 352-room ITC Ratnadipa in Colombo

Sensex Today Live : ITC Limited today informed the exchanges that its wholly owned subsidiary WelcomHotels Lanka has launched ITC Ratnadipa, a 352-room hotel in Colombo.

25 Apr 2024, 01:16:59 PM IST

Sensex Today Live : Amnish Aggarwal, Director-Research-Institutional Equities at Prabhudas Lilladher recommends to ‘ACCUMULATE’ Hindustan Unilever, for moderate returns

Sensex Today Live : Rating: ACCUMULATE | CMP: ₹2,260 | TP: ₹2,543

We cut FY25/26EPS by 1.6/1.3% factoring in 1) slower than expected recovery in volumes in rural India; 2) price cuts in personal wash and skin care to improve consumer price value equation; 3) sustained competitive intensity across mass segment in HPC segment resulting in market share loss; and 4) higher investments in A&P and innovations to sustain LT growth.

We believe normal monsoon can provide flip to rural demand although margin expansion from current levels will be very moderate (50bps over FY24-26). Long-term growth levers led by higher growth in Ecom and categories of future (liquids, Green Tea, premium skincare, etc.) and premium segments remains intact.

We estimate 8% PAT CAGR over FY24-26 and assign DCF based target price of ₹2543 ( ₹2600 earlier). Risk reward looks favourable post little returns in last 4 years; however, significant re-rating looks unlikely given valuations at 44.6xFY26 and market momentum in favour of cyclicals. We upgrade the stock to Accumulate (Hold earlier) for moderate returns over next 12-15 months.

25 Apr 2024, 01:11:27 PM IST

Sensex Today Live : Nestle India board recommended final dividend of ₹8.50 per equity share for the fifteen months financial year ended March 31, 2024

Sensex Today Live : The board of Nestle India recommended a final dividend of ₹8.50 per equity shares of Re. 1 each for the fifteen months financial year ended 31st March 2024 on the entire issued, subscribed and paid-up share capital of the company of 964,157,160 equity shares of nominal value of Re. 1 each.

25 Apr 2024, 01:05:43 PM IST

Sensex Today Live : RVNL bags ₹239.09 crore automatic block signaling system contract from Southern Railway

Sensex Today Live : RVNL on Wednesday informed the exchanges that it has emerged as the Lowest Bidder (L1) from Southern Railway for “Provision of Automatic Block Signaling system in Jolarpettai Junction to Erode Junction of Salem Division in Southern Railway.

The company said the contract is for an amount of ₹239.09 crore, and it is to be executed in nearly two and a half years.

25 Apr 2024, 12:56:16 PM IST

Sensex Today Live : Nestlé India and Dr. Reddy’s to form joint venture to market their nutraceutical portfolios

Nestlé India and Dr. Reddy’s today informed the exchanges that they have signed an agreement to form a joint venture to take their health science nutraceutical portfolio to consumers across India and other agreed territories.

The joint venture will help the JV partners combine their strengths and grow their complementary nutraceuticals portfolios in categories such as metabolic, hospital nutrition, general wellness , women’s health and child nutrition for consumers across India, the exchange filing said.

Select brands will be licensed by the JV partners to the JV company. The Nestlé Group will license brands such as Nature’s Bounty, Osteo Bi-Flex, Ester-C, Resource High Protein, Optifast, Resource Diabetic, Peptamen, Resource Renal and Resource Dialysis. Dr. Reddy’s will license brands such as Rebalanz, Celevida, Antoxid, Kidrich-D3, Becozinc in the nutrition, and OTC segments. The JV Company is expected to become operational in Q2 of FY25.

25 Apr 2024, 12:50:20 PM IST

Sensex Today Live : Nestle India profit jumps 27% YoY; shares gain

Sensex Today Live : Nestle India Q4FY24 net profit at ₹934.17 crore vs. ₹736.64 crore in Q4FY23 and ₹655.61 crore in Q3FY24

Revenue from operations at ₹5,267.59 crore in Q4FY24 vs ₹4,830.53 crore in Q4FY23 and ₹4,600.42 in Q3FY24

25 Apr 2024, 12:21:04 PM IST

Sensex Today Live : GPT Healthcare shares gain as it signs lease agreement with Sun and Sun Inframetric and Mosaic Infraventure for a hospital in Raipur

Sensex Today Live : GPT Healthcare informed the exchanges today that it has signed a lease agreement with Sun and Sun Inframetric and Mosaic Infraventure for a hospital in Raipur.

In an exchange filing, the company said, “Please be informed that our Company has further entered into Lease Agreement with Sun and Sun Inframetric Private Limited and Mosaic Infraventure Private Limited on April 24, 2024”.

The company added that the purpose of entering into the agreement is “for the construction and finishing of a hospital building at Raipur with all amenities and services.”

It added that the lease will be for 27 years from the completion of the hospital building and will be renewable for a period of 20 years.

25 Apr 2024, 12:13:27 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Among sectoral indices, Bank, Financial Services, FMCG, Metal, Realty, and Consumer Durables indices were in the red, while Auto, IT, Pharma, PSU Bank, Healthcare and Oil & Gas indices were in the green.

25 Apr 2024, 12:10:58 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was in the green, with the BSE SmallCap index up 0.36% and the BSE MidCap index up 0.19%. 

25 Apr 2024, 12:09:55 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : 22 of the 50 stocks on the Nifty 50 were in the red. Kotak Mahindra Bank, LTIMindtree, HUL, Tata Consumer Products, and Titan were the top drags, while Axis Bank, SBI, HCLTech, Sun Pharma, and Dr Reddy’s were the top gainers. 

25 Apr 2024, 12:06:34 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : 11 of the 30 stocks on the Sensex were in the red. Kotak Mahindra Bank, HUL, Titan, Maruti Suzuki India, and Bajaj Finance, were the top losers, while Axis Bank, SBI, Sun Pharma, HCLTech, and ITC were the top gainers. 

25 Apr 2024, 12:02:48 PM IST

Sensex Today Live : 12 pm market update

Sensex Today Live : Indian benchmark indices were mixed on Thursday, following global peers down.

At 12 pm, Sensex was up 11.06 points, or 0.01%, at 73,864, and Nifty was down 2 points, or 0.01% at 22,400.40.

25 Apr 2024, 11:50:48 AM IST

Sensex Today Live : Schneider Electric up nearly 4% as global parent signals India business grew in double-digits

Sensex Today Live : Schneider Electric’s global parent Schneider Global, in its Q! results said, the group’s India business grew in double digits in the March quarter.

It said, India, which ranks third in size of Group revenues, once again delivered double-digit growth with strength across multiple end-markets, supported by capex investment in medium and large sized projects, contributing strongly to the overall growth of the Group.”

25 Apr 2024, 11:44:18 AM IST

Sensex Today Live : Divi’s Laboratories’ shares gain as company plans to expand capacity with investment of ₹700 crore

Sensex Today Live : Divi’s Laboratories today informed the exchanges that it is planning to increase its manufacturing capacity with an investment of ₹700 crore, as talks with a customer for along-term supply contract progress swiftly.

In an exchange filing, the company said, “The Company is in the process of entering into a long-term supply agreement with a customer and is planning for capacity addition at its manufacturing facility with an estimated investment between ₹650 crores to ₹700 crores, to be funded from internal accruals. The proposed facility is expected to be operational around January, 2027.”

25 Apr 2024, 11:39:29 AM IST

Sensex Today Live : Brigade Group partners with IHG Hotels & Resorts to open InterContinental Hyderabad Neopolis

Sensex Today Live : Brigade Group today informed the exchanges that it has signed a management agreement to open the first InterContinental branded hotel in Telangana − InterContinental Hyderabad Neopolis.

The hotel, slated to open in 2029, will have 300 rooms, and showcase five dining options, including a signature restaurant, two specialty restaurants, and a lobby lounge, the company said.

The hotel is also proposed to offer conferencing facilities, a fitness center, spa, a swimming pool, an outdoor recreation area and a retail outlet, the company added.

25 Apr 2024, 11:31:10 AM IST

Sensex Today Live : MAS Financial Services shares climb more than 7% as company posts 23% YoY jump in net profit for Q4FY24

Sensex Today Live : Revenue from operations: ₹328.10 crore in Q4, vs. ₹318.50 crore in Q3FY24, up 3% QoQ, and ₹266.74 in Q4FY23, up 23% YoY

Revenue from operations: ₹1,217.15 in FY24, vs. ₹936.85 in FY23, up 30% YoY

Profit before tax: ₹91.09 crore in Q4FY24, vs. ₹84.51 crore in Q3FY23 up 7.8% QoQ, and ₹70.41 crore in Q4FY23, up 30% YoY

Profit before tax: ₹331.42 crore in FY24 vs. ₹264.70 crore in FY23

Profit after tax: ₹68.05 crore in Q4FY24 vs. ₹62.44 crore in Q3FY24 up 9% QoQ, and ₹55.55 crore in Q4FY23, up 22% YoY

Profit after tax: ₹247.75 crore in FY24 vs. ₹200.96 crore in FY3, up 23.3% YoY

25 Apr 2024, 11:02:01 AM IST

Sensex Today Live : 11 am market update

Sensex Today Live : Indian benchmark indices were muted on Thursday, following global peers down as a rout in tech stocks dragged the US benchmark indices down overnight after Facebook-owner Meta reported disappointing forecasts.

At 11 am, Sensex was down 81.99 points, or 0.11%, at 73,770.95, and Nifty was down 36.25 points at 22,366.15.

25 Apr 2024, 10:53:58 AM IST

Sensex Today Live : EaseMyTrip partners with Adani Digital Labs to offer exclusive duty-free shopping benefits

Sensex Today Live : EaseMyTrip today informed the exchanges that it has partnered with Adani Digital Labs to offer exclusive duty-free shopping benefits to its customers. In an exchange filing, the company said, the collaboration will allow customers seamless access to duty free shopping directly from its platform.

It added that customers can access this service through pre-order directly via the airport services page on the EaseMyTrip website. And it is currently available at seven major international airports across India, including Amritsar, Ahmedabad, Jaipur, Lucknow, Mangaluru, Mumbai and Thiruvananthapuram.

25 Apr 2024, 10:34:44 AM IST

Sensex Today Live : Petroleum and Natural Gas Regulatory Board (PNGRB) ratifies Adani Total’s gas pipline in Mundra SEZ after payment of penalty

Sensex Today Live : Adani Total Gas today informed the exchanges that the Petroleum and Natural Gas Regulatory Board (PNGRB) has ratified its gas pipline in Mundra SEZ after the board imposed a penalty on the company for not seeking its approval before constructing the pipeline. Following the develoment, the company will be able to operate the pipeline and generate revenues from it.

The company, in an exchange filing, said, “The Regulatory Board has decided to ratify / regularize the gas pipeline laid in Mundra SEZ and charged a penalty under Section 28 of PNGRB Act. The declaration by the PNGRB will pave way for enabling ATGL to operate the pipeline and generate revenues”.

ATGL had laid the pipeline as per the approval granted under the SEZ Act. However, as per PNGRB, approval should have been obtained from the Regulatory Board under the PNGRB Act.

25 Apr 2024, 10:21:03 AM IST

Sensex Today Live : Indian Hotels Company shares down 3.6% even after company reported 27% jump in net profit

Sensex Today Live : The company witnessed a year-on-year surge of 27.43% in its net profit, reaching ₹418 crore in the fourth quarter of the fiscal year 2023-34, as per an exchange filing on April 24. In the corresponding period of the previous year, the net profit was ₹328 crore. 

The consolidated revenue for the March quarter rose to ₹1,951 crore, up from ₹1,625 crore in the same period last year. 

The net profit for the full year saw a year-on-year growth of 26%, reaching ₹1,259 crore, while the revenue increased by 17% to ₹6,952 crore. Additionally, a dividend of ₹1.75 per share was declared by the company.

25 Apr 2024, 10:11:50 AM IST

Sensex Today Live : Happiest Minds Technologies set to acquire PureSoftware Technologies for ₹779 crore; shares gain

Sensex Today Live : Happiest Minds Technologies today informed the exchanges that it has entered into a Share Purchase Agreement with PureSoftware Technologies to acquire the company for a total consideration of ₹779 crore.

In an exchange filing, the company said, “We wish to inform that the Company has executed a Share Purchase Agreement to acquire 100% of the equity interest in the share capital of PureSoftware Technologies Private Limited, subject to the terms and conditions set out in the Agreement. On closing the said transaction PureSoftware will become a wholly owned subsidiary of the Company”.

The company added that it will pay ₹635 crore upfront, while the rest of the amount of ₹144 crore will be payable at the end of FY25 on achievement of set performance targets.

25 Apr 2024, 10:03:01 AM IST

Sensex Today Live : 10 am market update

Sensex Today Live : Indian benchmark indices were muted but trading in the green on Thursday, following global peers down as a rout in tech stocks dragged the US benchmark indices down overnight after Facebook-owner Meta reported disappointing forecasts.

At 10 am, Sensex was up 36.17 points, or 0.05%, at 73,889.11, and Nifty was up 0.65 points at 22,403.05.

25 Apr 2024, 09:56:04 AM IST

Sensex Today Live : Dalmia Bharat shares down 3.5% after net profit falls 46% YoY in Q4FY24

Sensex Today Live : The company announced on Wednesday that its consolidated net profit for January-March fell by 46.5% year-on-year to ₹315 crore, a decrease attributed to a slump in cement prices that impacted margins. The company had previously reported a net profit of ₹589 crore for the same period in FY23. Despite this, the company remains optimistic about demand growth. It reported a consolidated revenue of ₹4,307 crore in the last quarter of FY24, marking a 10% increase from the previous year. The sales volume also saw an increase, rising by 18.5% to 8.8 million tonnes (mt). Dalmia Bharat’s Ebitda stood at ₹654 crore, with an Ebitda margin of 15.18%. For the full financial year that ended on 31 March, the company reported a consolidated profit after tax of ₹826 crore, a decrease of 20.19%. Its revenue was ₹14,691 crore, an increase of 8.4% over FY23. In FY24, the company also expanded its installed manufacturing capacity by over 15% to 44.6 mt.

25 Apr 2024, 09:48:04 AM IST

Sensex Today Live : HUL shares down 1.3% after company misses Q4 estimates

Sensex Today Live : On April 24, Hindustan Unilever Ltd announced a 6% decrease in standalone net profit for the fiscal fourth quarter, amounting to ₹2,406 crore, compared to ₹2,552 crore during the same period last year. The company’s sales saw a slight increase, reaching ₹14,693 crore in the fourth quarter. However, revenue from a crucial segment, beauty and personal care, fell by 2.7%.

HUL declared a final dividend of ₹24 per share for FY24 on equity shares with a face value of Re 1. This is in addition to an interim dividend of ₹18 per share paid on November 16, 2023. Therefore, the total dividend for FY24 is ₹42 per equity share, each with a face value of Re 1.

Analysts’ estimates had predicted a profit of ₹2,435 crore on revenue of ₹14,913 crore.

25 Apr 2024, 09:37:06 AM IST

Sensex Today Live : LTIMindtree shares in the red as Q4 revenue falls

Sensex Today Live : LTIM revenue for the March quarter decreased by 1.3% sequentially to $1.07 billion in Q4FY24, down from $1.08 billion in the December 2023 quarter. However, the company’s full-year revenue reached $4.29 billion, marking a 4.4% increase from $4.11 billion the previous year. The firm reported a net profit of $553.4 million for the fiscal year ending 31 March, a 1.36% increase from its FY23 net profit of $545.7 million. Nevertheless, the company’s net profit for the March quarter fell by 5.8% sequentially to $132.4 million. In terms of revenue, LTIMindtree’s performance largely met analyst estimates for FY24 and the March quarter. A Bloomberg poll of 38 analysts projected LTIM to conclude FY24 with a net revenue of $4.27 billion. The company’s quarterly revenue aligned with the expectations of 26 analysts who predicted a Q4 revenue of $1.07 billion. However, the Bloomberg poll expected the IT giant to report a net profit of $559.6 million for FY24 and $138.1 million for the final quarter of the previous fiscal, but LTIMindtree fell short of the latter expectation.

25 Apr 2024, 09:33:14 AM IST

Sensex Today Live : Macrotech Developers shares in the red as consolidated net profit falls 11% in Q4FY24

Sensex Today Live : The company, operating under the ‘Lodha’ brand, has increased its pre-sales forecast for 2024-25 by 20% to ₹17,500 crore, backed by robust demand and a strong launch pipeline, according to a senior company official. The Mumbai-based developer achieved a record high of ₹14,520 crore in pre-sales in FY24. On Wednesday, the real estate firm reported an 11% decrease in consolidated net profit to ₹665.5 crore for the March quarter. However, the company saw a three-fold increase in profit to ₹1,549.1 crore for the full fiscal year. The net profit was ₹744.4 crore in the fourth quarter of 2022-23 and ₹486.7 crore for the entire 2022-23 fiscal year. The company’s total income increased to ₹4,083.9 crore in Q4FY24 from ₹3,271.7 crore in the same period last year, according to a regulatory filing. During 2023-24, the company’s total income rose to ₹10,469.5 crore from ₹9611.2 crore in the 2022-23 fiscal year.

25 Apr 2024, 09:31:48 AM IST

Sensex Today Live : Axis Bank shares up nearly 4% after company posts robust Q4 results

Sensex Today Live : On Wednesday, April 24, Axis Bank reported a net profit of ₹7,130 crore, a significant turnaround from the ₹5,728.4 crore loss in the same period last year. The bank’s net interest income (NII), which is the difference between interest earned and paid, increased by 11.5 per cent YoY to ₹13,089 crore, up from ₹11,742 crore in the previous year. For the quarter, Axis Bank’s operating profit was ₹10,536 crore, a 15 per cent YoY increase. The core operating profit for the March quarter was ₹9,515 crore, a five per cent YoY increase. The net profit for Q4FY24 was ₹7,130 crore, compared to a net loss of ₹5,728 crore in Q4FY23, and it grew 17 per cent QoQ. The bank’s net interest margin (NIM) for Q4FY24 was 4.06 per cent, a five bps QoQ increase. The board of the private sector lender recommended a dividend of Re 1 per equity share for FY24.

25 Apr 2024, 09:29:00 AM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Among sectoral indices, heavyweight ones like Bank, Financial Services, Auto, FMCG, Consumer Durables, and Metal and Realty were in the red.

25 Apr 2024, 09:26:46 AM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was holding steady in the green, with the BSE Midcap index gaining 0.18%, and the BSE SmallCap index gaining 0.30%. 

25 Apr 2024, 09:25:17 AM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : 18 of the 50 stocks on the Nifty 50 were in the red. Kotak Mahindra Bank, Tata Consumer Products, LTIMintree, HUL, and Titan, were the top drags, while Axis Bank, Eicher Motors, HCLTech, Sun Pharma and Nestle India, were the top gainers. 

25 Apr 2024, 09:20:18 AM IST

Sensex Today Live : Kotak Mahindra Bank shares fall nearly 10% after RBI restricts bank from issuing new credit card and onboarding new customers via online channels

Sensex Today Live : On Wednesday, the Reserve Bank of India (RBI) prohibited Kotak Mahindra Bank from adding new customers via its online portal and mobile app, and from issuing new credit cards, due to significant shortcomings in its IT system. The RBI identified deficiencies and non-compliances in several areas of the bank’s IT system for the years 2022 and 2023, including IT inventory management, patch and change management, user access management, vendor risk management, and data security. A spokesperson for Kotak Mahindra Bank stated in a release that the bank has implemented measures to adopt new technologies to bolster its IT systems and will continue to collaborate with the RBI to promptly address remaining issues.

25 Apr 2024, 09:18:48 AM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : More than half of the stocks on the BSE Sensex were in the red. Kotak Mahindra Bank, HUL, Titan, Asian Paints, and Mahindra & Mahindra, were the top drags, while Axis Bank, HCLTech, HDFC Bank, Sun Pharma, and IndusInd Bank, were the top gainers. 

25 Apr 2024, 09:16:51 AM IST

Sensex Today Live : Opening Bell

Sensex Today Live : Indian benchmark indices opened in the red on Thursday, following global peers down as a rout in tech stocks dragged the US benchmark indices down after disappointing forecasts by Facebook-owner Meta.

At opening bell, Sensex was down 181.27 points, or 0.25%, at 73,671.67, and Nifty was down 53.50 points, or 0.24%, at 22,348.90.

25 Apr 2024, 09:14:12 AM IST

Sensex Today Live : Narayana Hrudayalaya acquires 52,272 sq. ft. land in Bengaluru to expand business

Sensex Today Live : Narayana Hrudayalaya today informed the exchanges that it has acquired 52,272 sq. ft. land in Bengaluru to pursue its expansion plans.

In an exchange filing, the company said, “This to inform you that today the Company has purchased Land measuring 01 Acre 08 Guntas (approx. 52,272 Sq. Ft.) in Bengaluru to pursue company’s business expansion plans.”

25 Apr 2024, 09:10:50 AM IST

Sensex Today Live : Benchmark indices red at pre-open

Sensex Today Live : Indian benchmark indices were red at pre-open on Thursday, following global peers down as a rout in tech stocks dragged the US benchmark indices down following disappointing forecasts by Facebook owner Meta.

Sensex was down 278.77 points, or 0.38%, at 73,574.17 and Nifty was down 87.50 points, or 0.39%, at 22,314.90 during pre-open.

25 Apr 2024, 09:00:42 AM IST

Sensex Today Live : Prashanth Tapse, Senior VP (Research), Mehta Equities, says bullish sentiment prevails for Nifty, Bank Nifty and some specific stocks in pre-opening market comment

Sensex Today Live : “US stock futures are taking a sharp dive on Thursday morning, spurred by Meta Platforms’ substantial 15% stock price plummet following a disappointing revenue outlook. While a sluggish volatility index hints at hopes for stability in the upcoming elections and geopolitical tensions, concerns linger over escalating conflicts in the Middle East, albeit tempered by a drop in oil prices. All eyes are on Friday’s inflation report amid the Federal Reserve’s data-dependent stance. In the Indian market, FIIs turned net sellers while DIIs made purchases. Attention is also focused on the release of Q4 earnings, with bullish sentiments prevailing for Nifty, Bank Nifty, and specific stocks like CUMMINS.”

–Prashanth Tapse, Senior VP (Research), Mehta Equities

25 Apr 2024, 08:57:43 AM IST

Sensex Today Live : Why is Indian stock market expected to open lower in trade on April 25; Explained

Sensex Today Live : The Indian stock market’s key indices, Sensex and Nifty 50, are anticipated to commence trading on a lower note on Thursday, influenced by unfavorable cues from the global markets. The Gift Nifty trends also suggest a negative opening for the Indian benchmark index, trading around the 22,350 level, nearly 60 points below the previous close of Nifty futures.

The Nifty 50 chart showed a small negative candle with a minor upper shadow. “Technically, this pattern suggests a range-bound movement in the market around 22,450 – 22,500 levels. As Nifty is currently near the crucial overhead resistance of the previous opening downside gap of 15th April around 22,500 levels, there is a higher possibility of a decisive upside breakout of the said resistance in the near term, as long as Nifty doesn’t show any sharp decline from near the key resistance,” stated Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities. He believes that the short-term trend of Nifty is range-bound with a positive bias. (Read the full story here.)