Sensex Today | Stock Market LIVE Updates: Sensex off day’s high, up 200 points, Nifty slips into the red; India VIX surges 13%; PSU bank index tumbles 3%

10:16:39 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: PSU Bank index tanks nearly 4%

10:00:20 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates | Indegene IPO opens for subscription. Should you bid?

The public subscription for the initial public offer (IPO) of Indegene commenced on Monday and is set to conclude on May 9. Prior to the opening of the issue, the company secured approximately Rs 549 crore from anchor investors. The IPO consists of a fresh equity issue valued at up to Rs 750 crore and an offer for sale (OFS) of up to 2.93 crore equity shares by existing investors. Analysts view the Indegene IPO as a distinctive chance for investors to participate in a prominent provider of digital-driven commercialization services specialized for the life sciences sector.

09:49:06 AM IST, 06 May 2024

Stock Market LIVE Updates: Nifty slips into the red

Nifty erases opening gains, falls in negative territory

09:46:25 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: Paytm fell 5% after Bhavesh Gupta, Chief Operating Officer and President of One 97 Communications (OCL), resigned from the fintech firm.

09:37:00 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: One Point One Solutions secured new client-win in European region

09:32:04 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: Kotak Mahindra Bank emerged as the top performer, surging 4% after the bank reported an 18.22% year-on-year (YoY) increase in its standalone profit for Q4 FY24 to Rs 4,133.30 crore. Additionally, its net interest income (NII) for the same quarter increased by 13% YoY to Rs 6,909 crore.

09:29:57 AM IST, 06 May 2024

Forex Alert | Rupee gains vs US dollar

Rupee rises 3 paise to 83.42 against US dollar in early trade.

09:20:31 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: Most active stocks on NSE

09:19:03 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: Sensex heatmap

09:16:56 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: Opening Bell

Sensex gains 300 points, Nifty above 22,500; Kotak Bank rises 3%, Titan falls 3%

09:08:35 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex gains over 400 points; Nifty above 22,550

08:55:05 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | JEFFERIES ON KEI INDUSTRIES

• Maintain Buy; Hike target price to Rs 4770 from Rs 3850
• Q4 In Line; Outlook Remains Strong
• Capacity expansion plans intact to support growth
• Commodity price impact passed on
• Believe the next 12-18 months KEI will show positive surprise particularly on Power T&D cabling orders
Source | ET NOW

08:54:44 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | NUVAMA ON TITAN

• Downgrade to Hold from Buy; Cut target price to Rs 3867 from Rs 4106
• Reported a 9% miss in consensus earnings driven by weaker jewellery margins
• Jewellery: High competition and elevated gold prices dent margins
• Premiumisation in analogue watches; eyewear lacking growth
• Outlook: Softer margins in jewellery due to increased competition
Source | ET NOW

08:54:21 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | JPMORGAN ON TATA TECH

• Maintain Underweight with target price of Rs 800
• Q4 print – revenues beat, margins in line
• Vinfast will bottom out in Q1, weak exit a challenge for FY25 growth
• Margins would likely be maintained in FY25
Source: ET NOW

08:54:07 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | BofA ON TATA TECH

• Maintain Buy with target price of Rs 1250
• Q4: Miss on headline but solid breadth of growth
• Growth to reaccelerate in FY25
• Current pace of EV adoption not a concern
• Tailwinds in ER&D, FY25 prospects to drive stock returns
Source | ET NOW

08:52:50 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | BERNSTEIN ON KOTAK MAHINDRA BANK

• Maintain Market-Perform with target price of Rs 1650
• Q4 – A stellar quarter, if only numbers mattered
• Healthy loan growth and shift to unsecured segments continue
• Solid deposit growth even if led by Term deposits
• ~3% RoA and 17.4% RoE; NIM improves 6 bps QoQ
Source: ET NOW

08:52:49 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | JP MORGAN ON BRITANNIA

• Maintain Neutral with target price of Rs 5260
• Q4: In-line; Subdued revenue growth weighed down by pricing actions
• Key Positive – progressively improving market share
• See downside risk to our earnings estimates post the Q4 print
Source: ET NOW

08:52:08 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | JP MORGAN ON AVENUE SUPERMARTS

• Upgrade to Overweight from Underweight; Hike target price to Rs 5400 from Rs 3555
• Strong moats intact; robust revenue growth augurs well
• Gradual margin expansion ahead
• Valuations, though premium, are below historical average and will be supported by longevity of healthy growth
• Risk-reward is favorable with business set up well for acceleration
Source: ET NOW

08:51:56 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | JP MORGAN ON KOTAK MAHINDRA BANK

• Upgrade to Overweight from Neutral; target price at RS 2070
• 20% loan growth; unsecured share continues to move up
• Asset quality solid; Liquidity comfortable to push for growth
• Believe Bank can continue to compound balance sheet at 16% CAGR over next 2 years
• Too cheap for the growth
Source | ET NOW

08:52:54 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | ANTIQUE ON OIL EXPLORERS

• ONGC – Maintain Buy; Hike target price to Rs 339 from Rs 292
• Oil India – Maintain Buy; Hike target price to Rs 709 from Rs 591
• Premium gas prices coming soon; significant re-rating trigger
• 20% premium on new APM production to be notified T
• Oil prices are expected to remain elevated
• Both ONGC and OIL are likely to witness production growth
Source: ET NOW

08:23:57 AM IST, 06 May 2024

Sensex Today | Stock Market View: Prashanth Tapse, Senior VP (Research), Mehta Equities

Nifty is poised for a bullish start this Monday, buoyed by weaker-than-expected US jobs data, a dip in WTI oil prices, and a surge in Wall Street fueled by Apple’s stock repurchase plan. Market sentiment remains optimistic, supported by hopes of political continuity amidst ongoing general elections. However, concerns loom over inconsistent Q4 corporate earnings. Volatility is expected post-market open, with a focus on key earnings reports. Kotak Mahindra Bank’s robust performance stands out, while preferred trades include Nifty and Bank Nifty with specified targets and stop-loss levels. The stocks like COAL INDIA, TATA MOTORS, and NTPC are viewed favourably on corrective declines, while IRCTC emerges as a top pick for its momentum potential.

08:09:24 AM IST, 06 May 2024

Big movers on D-Street: What should investors do with CEAT, ABFRL and Coforge?

07:55:48 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: Asia shares rally on Fed cut bets; yen pares gains

On Monday, Asian stocks saw an uptick as investors renewed their expectations that the Federal Reserve might implement rate cuts later this year. Meanwhile, the yen experienced a decline following a significant surge last week, which was attributed to suspected currency intervention by Tokyo.

07:54:04 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: Oil nudges higher after Saudi Arabia hikes prices

Oil futures edged up on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil producing region.

07:51:10 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: Gold dips as dollar edges higher, investors seek more Fed cues

During early Asian trading hours on Monday, gold prices experienced a slight decline as the dollar strengthened, while traders awaited insights from a lineup of Federal Reserve officials regarding the timeline for potential interest rate cuts in the United States.

07:49:55 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: Dollar steady after soft US jobs report; yen starts week on back foot

On Monday, the dollar remained relatively stable, buoyed by a subdued U.S. jobs report that heightened expectations of potential rate cuts by the Federal Reserve later this year. Meanwhile, the yen showed slight weakness as the week commenced.

07:38:54 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: Stocks in news: YES Bank, Godrej Consumer, Kotak Bank, IDBI Bank, DMart

In today’s trade, shares of YES Bank, Godrej Consumer, Kotak Bank, IDBI Bank, DMart, Titan among others will be in focus due to various news developments and quarterly earnings.

07:39:49 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: Stock Radar: Federal Bank breaks out from a range to hit fresh record highs in May

Federal Bank, a player in the private sector banking realm, has recently broken out from a tight consolidation range that persisted since February 2024. This breakout signifies an opportunity for the stock to ascend towards new highs.

07:20:03 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: Quarterly earnings today

Godrej Consumer, Lupin, Indian Bank, Marico and a slew of other companies will announce their fourth quarter results today.

07:20:11 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: Ahead of Market: 10 things that will decide stock action today

The Nifty 50, a prominent index of top-tier stocks, experienced a 0.8% decline, while the S&P BSE Sensex fell by 1% during the day’s trading, primarily influenced by the performance of IT stocks. Earlier in the session, the Nifty 50 had climbed approximately 0.6% to reach a peak. Throughout the week, both benchmarks saw a modest increase of about 0.25%, marking their second consecutive weekly ascent.

07:20:18 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: Market Trading Guide: Dr Reddy, KPIT Technologies among 5 stock recommendations

Indian shares experienced a decline on Friday, attributed to profit booking following the Nifty 50 reaching a record high, thereby reducing the weekly gains for the major indices. The S&P BSE Sensex concluded 1% lower at 73,878, while the NSE Nifty50 index ended below the 22,500 mark. 5 stock recommendations include Piramal Pharma, KPIT Technologies, Dr Reddy, Fortis and Taj GVK.

07:20:26 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: Technical Breakout Stocks: How to trade Ajanta Pharma, BHEL and Hindustan Zinc

The Indian market saw profit-taking activity, following subdued global signals. The S&P BSE Sensex took a dive of over 700 points, whereas the Nifty50 concluded below the 22,500 mark. Stocks that were in focus include names like Ajanta Pharma which was up more than 6%, BHEL closed with gains of more than 4% and Hindustan Zinc closed with gains of more than 9% on Friday.

07:20:41 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: Tech View: Nifty forms Doji candle on weekly scale

On Friday, the Nifty closed 172 points down, forming a Doji candle on the weekly chart. This signifies a prevailing sense of indecision in the market at this particular moment.

07:19:48 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: US stocks end sharply higher, jobs data strengthens case for rate cuts

Wall Street experienced a significant uptick, buoyed by a milder-than-anticipated employment report. This strengthened the argument for potential rate cuts from the Federal Reserve, while simultaneously showcasing the resilience of the U.S. economy.

07:20:33 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start

GIFT Nifty on the NSE IX traded higher by 105 points, or 0.46 per cent, at 22,686, signaling that Dalal Street was headed for positive start on Monday.

07:20:49 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: Rupee edges up 1 paisa against US dollar

The rupee inched up 1 paisa to settle at 83.45 against the US dollar on Friday, tracking a weak American currency and sliding crude oil prices in global markets.

07:21:08 AM IST, 06 May 2024

Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Friday

The Sensex concluded at 73,878.15, marking a decline of 733 points or 0.98%, while the Nifty closed at 22,475.85, down by 172 points or 0.76%. Additionally, the market capitalization of BSE-listed companies witnessed a substantial decrease, plummeting by Rs 2.53 lakh crore.