Share Market HIGHLIGHTS: Fresh closing high on D-Street! Sensex surges 494 pts, Nifty ends at 22,666; auto, oil & gas stocks jump

CLOSING BELL: Sensex surges 494 pts, Nifty ends at 22,666; auto, oil & gas stocks jump

Nifty Today LIVE | RIL, L&T, M&M, Maruti Suzuki among top movers

On the contrary, HDFC Bank, Adani Ports, Nestle India and others are among the top drags.

Here's a look at the heatmap in the 50-scrip universe by weight:

Source: NSE

Share Market Today LIVE | Bajaj Finance flat as firm says it would consider listing of Bajaj Housing Finance in Board meeting

Bajaj Finance trade flat at Rs 7,179 per cent on BSE after the company announced it would consider listing of subsidiary Bajaj Housing Finance Limited in its board meeting on April 24.Under RBI rules, it is necessary for the company to get listed on the exchange before September 30, 2025. Read more 

Share Market Today LIVE | Nifty Bank edges higher, up over 50 pts

Source: NSE

Share Market Today LIVE | Godrej Consumer Products shares jump 6% after Q4 update—check out share price target

Godrej Consumer Products Ltd (GCPL) shares rise after the consumer goods company released its Q4 update on Friday post market hours. The GPCL stock gains nearly six per cent to the day's high of Rs 1,279.4 on NSE, extending the gains for the second day.

GCPL Q4 update

GCPL in its quarterly update for Q4 FY24 said operating conditions in India continue to remain subdued in the fourth quarter of FY24 but its business continued to deliver strong underlying volume growth at high single digit with broad-based growth. Read more

BUZZING STOCK | Exide Industries shares jump 15%

5:2 Stock Split Ratio | Som Distilleries & Breweries shares surge over 4%, expert gives 'Buy' call 

Shares of Som Distilleries & Breweries surge over 4 per cent to the day's high of Rs 321 on BSE. The surge in share price comes amid reports that Som Distilleries & Breweries will start working with its increased capacity in the Karnataka plant. 

Som Distilleries Share Price Target

According to Zee Business panellist Rakesh Bansal, investors should buy this stock with short term target of Rs 328 and Rs 335. "The stock is out of a big correction and it has even broken a neckline. Technical stop loss is of Rs 302," Bansal said. Read more

MARKET AT ALL-TIME HIGH | Nifty scales fresh peak of 22,664.65; Sensex at record 74,765.1

Share Market Today LIVE | BSE-listed firms' market-cap breaches Rs 400 lakh crore level for first time

Source: BSE

MARKET AT ALL-TIME HIGH | Nifty scales fresh peak of 22,632.85; Sensex at record 74,673.84

Share Market Today LIVE | FMCG major trades steady after board’s nod to hike royalty payment to parent

Shares of the FMCG major- Nestle trade flat with a negative bias upon the company’s board approval to hike royalty payment to parent company Nestlé S.A. The stock trades down by 0.28 per cent at Rs 2,531 apiece on the BSE.

After the decision, now the Maggi-maker will pay royalty at the rate of 5.25 per cent as against at the rate of 4.5 per cent earlier. Read more 

Share Market Today LIVE | This Tata Group stock has risen 45% in 12 months; check its Q4 business update 

Shares of Titan Company, the glittering jewel of the Tata Group, are in focus on Monday, April 8, after the company released its March quarter business update (Q4 FY24) last week. The company reported a 17 per cent year-on-year (YoY) growth in revenue for the quarter under review, while its jewellery segment reported a sales growth of 18 per cent YoY. The watch and wearables segment's sales increased 6 per cent YoY and its CaratLane segment recorded a sales growth of 30 per cent YoY. The stock is trading at Rs 3,742.35, down 12.50 points or 0.33 per cent on the BSE.

A total of 86 stores (net) were added in the quarter. The retail network's presence stands at 3,035 stores. Read more 

Share Market Today LIVE | Voltas shares hit 10% upper circuit after robust Q4 update; stock hits 52-week high for 2nd straight day 

At a time when Tata Group stocks are gaining huge investor focus amid the launch of an index solely dedicated to the behemoth Tata Group, shares of Voltas hit a fresh 52-week high on D-Street for the second straight day and are locked in a 10 per cent upper circuit on Monday, April 8.

The Voltas stock, locks in a 10 per cent upper circuit at the day's high of Rs 1,355.4 on BSE (a fresh 52-week high), surpassing the peak of Rs 1,241.05 hit on April 5, 2024. The buying in Tata Group stocks follows after the leading residential air conditioner maker, Voltas, released its Q4 update on Sunday, April 7.

Voltas Q4 updates

It has recorded a 35 per cent sales growth to over two million units in FY24, becoming the first company in the domestic market to cross this mark. The performance was attributed to a consistent demand for cooling products during the year, coupled with a strong offline and online distribution network and new innovative launches, the Tata Group firm said in a statement. Read more on Volatas Q4 update 

Q4 IT Results Preview | TCS likely to outshine Tier I players with strong deal wins 

IT bellwether Tata Consultancy Services (TCS) is all set to kickstart a new earnings season for India Inc. by reporting its four-quarter results on April 12. The March quarter results season comes days after Ireland-headquartered IT services and consulting firm Accenture slashed its FY24F revenue growth guidance to 1-3 per cent year-on-year (YoY) growth against 2-5 per cent amid driven by challenges such as discretionary spending, delay in decision-making, and a slower pace of spending. Accenture’s performance is largely accepted as a benchmark for the Indian IT services industry. Read more 

MARKET AT ALL-TIME HIGH | Nifty scales fresh peak of 22,623.9; Sensex at record 74,658.95