Share Market HIGHLIGHTS: Fresh closing high on D-Street! Sensex surges 494 pts, Nifty ends at 22,666; auto, oil & gas stocks jump
Share Market Today LIVE: The domestic equity market ended on a strong note on Monday, April 8, amid buying in almost all sectors. The benchmark indices, Sensex and Nifty, settled at their fresh closing peaks before hitting their respective highs in the intraday session.
Share Market Today LIVE: The domestic equity market ended on a strong note on Monday, April 8, amid buying in almost all sectors. The benchmark indices, Sensex and Nifty, settled at their fresh closing peaks before hitting their respective highs in the intraday session.
The 30-share index settled at a record level of 74,742.50, up 494 points, or 0.67 per cent, before scaling a fresh high of 74,869.3 during the intraday session. The NSE Nifty settled at a record closing high of 22,666.30, up 152.60 points, or 0.68 per cent. It hit an all-time high of 22,697.30 during the trade.
Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
Latest Updates
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
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
BUZZING STOCK | Exide Industries shares jump 15%
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
Share Market Today LIVE | Bandhan Bank shares fall 9% as lender's CEO Ghosh to retire in July
Shares of the private sector lender Bandhan Bank tumble nearly 9 per cent to the day's low of Rs 179.55 on BSE as the company's MD and CEO Chandra Shekhar Ghosh will retire on July 9, 2024. The incumbent has been at the helm since July 10, 2015, and has been managing the lender's affairs for nearly nine years.
The company's board on Ghosh retirement said that it is his personal decision and it may meanwhile appoint an interim CEO. Furthermore, the company is steering its focus on the microfinance segment and is also aiming to lower its bank provisions going ahead. Read more
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
Anil Singhvi Market Strategy | Important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support emerging at 22,450-22,525 levels and a strong buy zone at 22,300-22,425 levels for the headline Nifty50 index on Monday, April 8. For the Nifty Bank, he expects support to come in at 48,075-48,250 levels and a strong buy zone at 47,825-47,975 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Stocks to watch: Wipro, Bandhan Bank, BPCL, Paytm, Aurobindo Pharma, Nykaa
Here are some stocks that will be in focus on Monday, April 8:
Wipro: The company informed exchanges about the exit of CEO Thierry Delaporte, who, after a significant tenure at the company, will be replaced by the new Srini Pallia, appointed as the Chief Executive Officer and Managing Director of the company, effective immediately.
Nykaa: The fashion e-retailer posted strong GMV growth in the early thirties on a consolidated basis year-on-year during the recently concluded quarter.
BPCL: The company recorded the highest-ever market sales of 50.95 MMT during the years 2023–24.
Godrej Consumer Products: The company said it expects to deliver underlying volume growth of high single digits and sales growth of mid-single digits, driven largely by currency volatility at a consolidated level (organic).
Paytm: Paytm parent One97 Communication approves a grant of 91,250 stock options. Read more
Currency update | Rupee rises 4 paise to 83.27 against US dollar in early trade
MARKET AT ALL-TIME HIGH | Nifty scales fresh peak of 22,623.9; Sensex at record 74,658.95
Share Market Today LIVE | Nifty above 22,550, Sensex hits all-time high in opening deals
Nifty 50
Source: NSESensex
Source: BSE
SENSEX AT ALL-TIME HIGH | Sensex scales fresh peak of 74,555.44 in opening deals
Share Market Today LIVE | GIFT Nifty futures indicate a positive start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are up 58.5 points or 0.26 per cent at 22,654 ahead of the opening bell on Dalal Street.
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