Daily Stock Market News

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Billionaire Investor Jim Rogers, Offers Gold and Silver Market Outlook in Exclusive Interview with Jay’s Coin Shop

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Sensex Today | Stock Market LIVE Updates: Sensex surges 450 pts, Nifty above 22,250; IREDA

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09:39:14 AM IST, 22 April 2024

  • PVR Inox: Buy| Target Rs 1535| Stop Loss Rs 1385
  • Escorts: Buy| Target Rs 3300| Stop Loss Rs 2980
  • Bajaj Finance: Buy| Target Rs 7250| Stop Loss Rs 7020
  • Escorts: Buy| Target Rs 3205| Stop Loss Rs 2980
  • SBI Cards: Buy| Target Rs 760| Stop Loss Rs 716
  • Eicher Motors: Buy| Target Rs 4800| Stop Loss Rs 4250
  • Escorts: Buy| Target Rs 3400| Stop Loss Rs 3000
  • Crompton Greaves Consumer: Buy| Target Rs 320| Stop Loss Rs 280

09:36:57 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates | Escorts Kubota agri machinery business division to increase prices of tractors effective from May 1, 2024, onwards

09:35:32 AM IST, 22 April 2024

Stock Market LIVE Updates | EARNINGS IMPACT: Wipro reported an 8% YoY fall in cons net profit to Rs 2,835 crore for the quarter-ended March.

09:34:26 AM IST, 22 April 2024

Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

The biggest positive for the market in the near-term is that the feared escalation in the Israel-Iran tension is unlikely to happen. Israel didn’t officially confirm its strike in Iran and Iran downplayed the Israeli strike by ignoring it. The takeaway is that both sides don’t want an escalation of tensions. Decline in Brent crude from $90 to $87 is a confirmation of this expected deescalation.

However the market is likely to be weighed by the high US bond yields (the 10-year yield has spiked to 4.65%) which can trigger further selling by FIIs. Since largecaps constitute the lion’s share of the AUM of FIIs, the pressure will be on largecaps despite their relatively fair valuations.

09:31:58 AM IST, 22 April 2024

FOREX NEWS | Rupee rises in morning trade

Rupee up 5 paise to 83.39 against US dollar in early trade.

09:21:36 AM IST, 22 April 2024

Stock Market LIVE Updates | EYE ON EARNINGS: Shares of RIL, Hatsun Agro Products and Tejas Networks will be in focus as the companies will announce Q4 results today.

09:20:04 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates | Adani Ports, Hind Copper among most active stocks in morning trade

09:19:16 AM IST, 22 April 2024

Opening Bell: Sensex surges 450 pts, Nifty above 22,250; IREDA jumps 10%, Voda Idea drops 4%

09:06:32 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex surges over 700 points; Nifty above 22,370

08:58:47 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates: Suraj Estate Developers acquires freehold land admeasuring 1,073 square meters with GDV Of Rs 120 crore

  • Acquires freehold land at Mahim (West), Mumbai for a total consideration of Rs 33.1 crore

08:53:16 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | GOLDMAN SACHS ON WIPRO

• Maintain Sell; hike target price to Rs 430 from Rs 420
• Revenue outlook still muted/uncertain, though margins a positive surprise
• Lower revenue estimates from 2.5% to 1.9% YoY growth in FY25
• Remain Sell due to expectation of continued near term underperformance on revenue growth

08:47:55 AM IST, 22 April 2024

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

Friday’s market rebound signals Nifty’s resilience amid inflation and geopolitical concerns, buoyed by easing WTI Oil prices. Reliance Industries Q4 expectations are positive, while Nifty’s technical outlook favors a positive bias, with key support at 21710. India VIX rises to 13.45 levels, while bullish prospects are identified for stocks like Bharat Forge, Trent, and Senco Gold. Immediate action suggests buying Indian Hotels with targets at 623/639 and aggressive targets at 657. In the US, rising bond yields impact indices like the S&P 500, Dow Jones, and Nasdaq. Preferred trades suggest buying opportunities within specified zones on Nifty and Bank Nifty.

08:34:48 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | CITI ON WIPRO

• Maintain Sell; cut target price to Rs 430 from Rs 440
• Q4 Inline; weak Q1 Guidance
• Lower EPS estimates by 2%; now expect FY25 cc revenue growth to be flat YoY
• Wipro’s relative performance continues to be weak

08:34:16 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | MORGAN STANLEY ON HDFC AMC

• Maintain Equal-weight; cut target price to Rs 3,325 from Rs 3,440
• Operating Profit Miss; PBT in Line
• Operating profit was below as revenue yields contracted sharply, partially due to a one-off
• Trim EPS due to lower yields
• Stay equal-weight given elevated valuations, in context of structural pressure on equity yields
Source: ET NOW

08:33:33 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | KOTAK SECURITIES ON HDFC BANK

• Maintain Buy with target price of Rs 1,750
• An improved quarter with fewer negative surprises
• Earnings continue to see a few one-offs
• Actions turning favorable, but need to be cautious to extrapolate
• BUY-relatively not the best, but comfortable on absolute basis
Source: ET NOW

08:33:10 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | INVESTEC ON DIXON TECH

• Maintain Buy; hike target price to Rs 8,650 from Rs 8,250
• Another customer win, another earnings upgrade
• Longcheer is one of the largest mobile ODM players globally
• Think new customer should add 3-5 mn smartphones to Mobile business
• This will lead to 8-9% upgrade to FY25-26 EPS
• Continue to see Dixon as an excellent play on electronics manufacturing
• See optionality of entry into new categories/ backward integration/ new customer wins

08:32:52 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | UBS ON VOLTAS

  • Upgrade to Buy from Neutral; hike target price to Rs 1,800 from Rs 885
  • Claiming back lost market share; believe Voltas will surprise on market share
  • VoltBek JV should break even in FY26
  • Believe the street is not pricing in a potential market share ramp up
  • See FY26 market share at 23% vs 19.5% factored in by street
  • Source: ET NOW

08:19:10 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates: Asia stocks edge up, oil and gold retreat on tempered Mideast fears

On Monday, Asian stocks regained some ground lost earlier, accompanied by a rise in bond yields, as concerns about a broader conflict in the Middle East subsided. Investors shifted focus back to riskier assets amidst this development.

08:05:02 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates: Gold edges down as rising bond yields dent appeal

On Monday, gold prices dipped slightly as increased U.S. Treasury yields exerted pressure on dollar-denominated bullion. Meanwhile, investors remained vigilant for any signs of escalation in the Middle East conflict.

07:56:01 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates: Currencies calm but cautious after a weary week

In early Asian trading on Monday, the euro and yen maintained relative stability, while the U.S. dollar remained close to its recent highs following last week’s flurry of policy and geopolitical events.

07:43:03 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates: Stocks in news: RIL, Wipro, HDFC Bank, UltraTech, IREDA

In today’s trading session, the spotlight will be on shares of RIL, Wipro, HDFC Bank, UltraTech, IREDA, and others, driven by a range of developments and earnings announcements.

07:23:53 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates: Stock Radar: This FMCG defensive stock could see a technical bounce back amid volatility in market after 20% fall

Hindustan Unilever, a segment of the diversified FMCG player, has experienced a decline of approximately 20% from its peak in July 2023. It has found support at the lower boundary of the upward trendline, indicating the potential for a technical rebound.

07:19:17 AM IST, 22 April 2024

Quarterly earnings today

RIL, Hatsun Agro Products, Tejas Networks and a slew of other companies will announce their fourth quarter results today.

07:20:05 AM IST, 22 April 2024

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

Despite global weakness, Indian benchmark equity indices managed to close higher on Friday, driven by gains in HDFC Bank. However, these gains were insufficient to avoid their first weekly loss in five weeks, amid concerns over the Middle East conflict and U.S. interest rates.

07:19:39 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates: Technical Breakout Stocks: How to trade Motilal Oswal, Nippon Life and D-Mart

Three stocks that either hit a fresh 52-week high, or an all-time high or saw a volume or a price breakout. These included Motilal Oswal Financial Services, which surged over 7% to achieve a new all-time high. Nippon Life India Asset Management also experienced a rise of over 1%, while D-Mart, or Avenue Supermart, concluded the session with gains of nearly 2%, reaching a new 52-week high.

07:20:12 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates: Market Trading Guide: ICICI Bank, DLF among 5 stock recommendations

The short-term trajectory of the Nifty appears to have shifted upward following the formation of a bullish reversal candle pattern on Friday. This suggests a potential for further gains toward the next resistance level around 22,500 in the coming sessions. Immediate support is anticipated around the 22,000 mark.5 stock recommendations for today include Ramkrishna Forgings, Utkarsh Small Finance Bank, ICICI Bank, Motherson and DLF.

07:19:52 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates: Tech View: Nifty forms bullish reversal pattern

The Nifty surged by 151 points following four consecutive days of decline, marking the formation of a bullish reversal pattern on the daily chart.

07:20:03 AM IST, 22 April 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 129.50 points, or 0.59 per cent, at 22,240.50, signaling that Dalal Street was headed for positive start on Monday.

07:16:52 AM IST, 22 April 2024

Nasdaq, S&P tumble as Netflix, chip stocks drag; AmEx boosts Dow

The Nasdaq and the S&P 500 closed in negative territory due to pressure from Netflix shares, yet American Express buoyed the Dow with its quarterly earnings report. Meanwhile, prevailing pessimism regarding the Federal Reserve’s inclination to decrease interest rates soon also contributed to subdued market sentiment.

07:20:39 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates: Rupee rises 8 paise against US dollar

The Indian rupee bounced back from its initial losses to finish stronger, despite the downturn seen in other regional currencies. This upward momentum was supported by potential intervention from the Reserve Bank of India (RBI) and the selling of dollars by foreign banks.

07:48:12 AM IST, 22 April 2024

Sensex Today | Stock Market LIVE Updates: Oil prices retreat as US rate cut concerns come to the fore

Oil prices declined at the opening of Asia’s market on Monday, influenced by a renewed attention to market fundamentals. This shift occurred as both Israel and Iran downplayed the potential for an escalation of hostilities in the Middle East following Israel’s seemingly minor strike on Iran.

07:20:29 AM IST, 22 April 2024

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

The BSE benchmark Sensex saw a significant surge of 599 points or 0.83%, closing at 73,088. Concurrently, the broader NSE Nifty also climbed by 151 points or 0.69%, concluding at 22,147.

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