Share Market HIGHLIGHTS: Sensex ends 114 pts higher, Nifty reclaims 22,400 led by financial, metal stocks; Hindalco jumps 4%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex rose on Wednesday, continuing to register gains for the fourth session in a row, tracking positive moves across global markets amid easing geopolitical tensions and strong corporate earnings.
Catch all the highlights of the April 24 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex rose on Wednesday, continuing to register gains for the fourth session in a row, tracking positive moves across global markets amid easing geopolitical tensions and strong corporate earnings.
Catch all the highlights of the April 24 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
Latest Updates
Share Market Today: Sensex ends 114 pts higher, Nifty reclaims 22,400 led by financial, metal stocks; Hindalco jumps 4%
Share Market Today LIVE: Sensex up 89 pts at 73,827, Nifty at 22,393 as market enters last 30 minutes of trade
Take a look at where key indices stand at this hour:
- Sensex up 89 pts at 73,827
- Nifty up 25 pts at 22,393
- Nifty Bank up 254 pts at 48,224
Share Market Today LIVE | Tata Consumer Products shares fall 6% after mixed Q4 results; Morgan Stanley maintains overweight view
Tata Consumer Products hogged the limelight on Dalal Street on Wednesday, April 24 after the Tata group's FMCG company announced mixed fourth-quarter results a day ago.
The Tata group stock emerged as the top Nifty50 loser, declining as much as 5.7 to the day's low of Rs 1,106 on NSE. At 9:55 AM, the counter traded 4.46 per cent lower at Rs 1,121 on NSE.
Share Market Today LIVE | SBI Card to release Q4 results on April 26; profit likely to drop on increase in provision
SBI Cards & Payment Services (SBI Card), one of the leading credit card issuers in India, is likely to report a drop in its profit for the quarter ended March 31, 2024 (Q4 FY24). The company is slated to release its numbers on Friday, April 26.
SBI Card, the subsidiary of India's largest lender, State Bank of India (SBI), by total assets, is expected to post a profit of Rs 570 crore against Rs 596.5 crore registered in the corresponding quarter of the previous fiscal—a decline of 4.5 per cent.
Share Market Today LIVE | LTIMindtree to report Q4 results today; here is what investors can expect
LTIMindtree, the country's fifth largest IT company by market value, is all set to report its financial results for the quarter as well as the year ended March 31 on Wednesday, April 25.
Analysts expect the Mumbai-headquartered IT firm to stage a tepid performance for the final three months of the last financial year, owing to the impact of furloughs on growth, though robust numbers from its manufacturing vertical may aid its profitability.
Share Market Today LIVE | Cyient DLM stock gains over 13% after Q4 results; Should you buy, sell, or hold?
Shares of Cyient DLM rose over 13 per cent in the morning deals on Wednesday and touched the day's high at Rs 779.55 apiece. The buying in the stock came a day after the company reported its Q4FY24 numbers.
At around 11:24 a.m., shares of Cyient DLM traded 5.94 per cent or Rs 40.8, higher at Rs 728.15 apiece. The market capitalisation of the company at around the same time stood at Rs 5,774.68 crore.
Share Market Today LIVE | Nestle India Q1 Results Preview: Net profit likely to rise 21%, margin may expand by 300 bps
Consumer products company Nestle India is all set to report its financial results for the quarter ended March 31 on Thursday, April 25.
Analysts expect Gurugram-headquartered Nestle India—whose popular brands include Maggi, Milkybar, Kit Kat, Nescafe and Milkmaid—to stage a strong financial performance for the first three months of 2024 on the back of mid-single-digit volume growth and easing raw material costs.
Share Market Today LIVE | Shriram Finance Q4 preview: Profit to likely jump 46% YoY; asset quality to improve
The recent entrant to the bluechip index Nifty 50-Shriram Finance is slated to report its Q4 earnings on April 26.
Zee Business research desk estimates the company to report a significant growth in profit on a standalone basis by 46 per cent to Rs 1910 crore from Rs 1910 crore reported in the corresponding period of the previous year.
Share Market Today LIVE: Buy Nifty 22,400 call option at Rs 104, says Nitin Murarka
Nitin Murarka of SMC Global suggests buying the 22,400 call option of the Nifty50 at Rs 104 for targets of Rs 140 and Rs 150 with a stop loss at Rs 75.
Murarka also suggests buying Nifty Bank futures for targets of 48,500 and 48,600 with a stop loss at 48,000.
Share Market Today LIVE | Welspun Corp soars over 4.30% after pipemaker gets Rs 562 cr order from Latin America
Welspun Corp soared by over 4.30 per cent on BSE on Wednesday (April 24, 2024) after the mid-cap company receives an order worth Rs 611 crore from Latin America.
The stock jumped to the day's high of Rs 586.00, a 4.32 per cent jump from its previous close of Rs 561.75, after starting trading at Rs 574.00 on Wednesday.
Share Market Today LIVE | ICICI Prudential shares tank nearly 7% after Q4 results; should you buy, sell or hold the stock?
Shares of ICICI Prudential Life Insurance Company on Wednesday, April 24 tanked nearly 7 per cent after the private sector life insurer reported a 26 per cent drop in net profit for the quarter ended March 31.
The ICICI Prudential Life stock declined as much as 6.73 per cent to the day's low of Rs 553.15 on BSE in morning deals.
Share Market Today LIVE: LTIMindtree shares inch higher ahead of Q4 results today
LTIMindtree shares are barely in the green at Rs 4,724.3 apiece on BSE at this hour, having moved within a range of Rs 4,712.9-4,754 in intraday trade so far.
According to Zee Business research, LTIMindtree is likely to register a 1.6 per cent sequential decline in consolidated net profit to Rs 1,150 crore for the January-March period.
Read more on what you can expect in LTIMindtree earnings report today
Nifty Today LIVE | HDFC Bank, RIL, ICICI Bank among top movers
HDFC Bank, RIL, ICICI Bank and Kotak Bank are the top movers in the Nifty baskets at this hour. On the contrary, Tata Consumer Products and Infosys 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 | Bharti Airtel gains as Citi raises target price by 16%, hikes FY26 ARPU estimates by 3%
Foreign brokerage Citi has maintained a "buy" rating for Bharti Airtel but has raised the target price to Rs 1,520 from Rs 1,305 earlier. The brokerage has hiked the FY26 average revenue per user (ARPU) for the telecom company by 3 per cent and EBITDA (earnings before interest, taxes, depreciation, and amortisation) by 1-2 per cent for FY25/26, given the improved visibility of tariff hikes. The Bharti Airtel stock trades 0.43 per cent higher on BSE at Rs 1,348.1. Read more