Sensex Today Live Updates : Share market climbs; Sensex up 210pt, Nifty at 22,700; Oil &

Sensex Today Live : While Pharma and Auto indices were in the red, both down 0.32% and 0.22%, respectively, Oil & Gas, Metal, Media, and Realty indices were leading gains, up 1.71%, 1.19%, 0.85%, and 0.73%, respectively.

Other heavyweight indices like Auto, IT, Bank, Financial Services and FMCG, were also in the green.

Sensex Today Live : The broader market was up, with the BSE SmallCap index climbing 0.30%, and the BSE MidCap index climbing 0.73%.

Sensex Today Live : 20 of the 50 stocks on the Nifty 50 were in the red, with Divi’s Laboratories, Cipla, HDFC Life, SBI Life, and Maruti Suzuki India, emerging as the top drags on the benchmark index, while BPCL, Coal India, Kotak Mahindra Bank, Hindalco, and Bharti Airtel, were the top losers. 

Sensex Today Live : 11 of the 30 stocks on the Sensex were in the red, with Maruti Suzuki India, Sun Pharma, Mahindra & Mahindra, Bajaj Finserv, and Larsen & Toubro, emerging as the top losers, and Kotak Mahindra Bank, Bharti Airtel, Tech Mahindra, NTPC, and Power Grid Corp., emerging as the top gainers. 

Sensex Today Live : Indian benchmark indices were in the green on Wednesday, led by robust expectations of a positive showing by companies in the Q4 earnings season.

At 12 pm, the Sensex was up 177.88 points, or 0.24%, at 74,861.58, and the Nifty 50 was up 49.70 points, or 0.22%, at 22,692.45.

Sensex Today Live : PVC pipe manufacturer Finolex Industries has sold its leasehold rights for a 25-acre land parcel in Pimpri, near Pune, to Terravista Developers, a company of the Adani Group. The deal, worth ₹470 crore, was confirmed by documents obtained by CRE Matrix, a firm specializing in real estate data analytics. The land, initially leased to Finolex Industries by the Maharashtra Industrial Development Corporation (MIDC), is planned to be developed into a large data center by the company, led by AdaniConneX, a joint venture between Adani Enterprises and US-based EdgeConneX.

Sensex Today Live : Cressanda Railway Solutions today informed the exchanges that it has bagged an order from the Election Commission of India for its outdoor media election campaign to promote voter awareness through external wrap on trains. In an exchange filing, the company said, “We are delighted to inform that The Election Commission of India (ECI) for the first time in history of its Outdoor Media Election Campaign has ventured to Promote Voter Awareness through External Wrap on Trains and in pursuance of this has selected Cressanda Railway Solutions Limited (previously known as Cressanda Solutions Limited) as its agency to promote this prestigious campaign through external wrap on the passenger trains of Eastern Railways for which the sole rights are held by the company.”

The trains of the company selected by the Election Commission of India will pass through multiple states of India enabling the Commission to promote Voter’s Awareness across the nation through increased visibility, the company said.

Sensex Today Live : On April 9, the general insurance company announced its strategic alliance with Policybazaar, a digital insurance platform. This collaboration aims to combine ICICI Lombard’s diverse product portfolio with Policybazaar’s extensive reach, to offer accessible insurance solutions to approximately 1 crore customers. The collaboration will provide customers access to a broad spectrum of insurance products, including motor insurance, health insurance, travel insurance, home insurance, and business insurance, as stated in a joint statement by the companies.

The company also announced the setting up of its fully-owned subsidiary, PB Pay, to operate as a payment aggregator.

Sensex Today Live : Blackstone-backed R Systems International today informed the exchanges that it has appointed Arun Raghavpudi as Chief Customer Officer and Sanjay Sahay as Chief Marketing Officer of the company.

The company said it aims to deepen client relationships and accelerate its growth trajectory, by strengthening its C-suite with the appointment of these two seasoned executives.

Arun Raghavpudi joins the company as the Chief Customer Officer, bringing with him a wealth of experience, having spent 25 years in various roles at large and mid-size enterprises ITC Infotech, InfoVision Inc., Genpact, and Infosys.

Sanjay Sahay steps into the role of CMO with over 25 years of experience in transforming B2B marketing. His appointment marks a significant step in redefining R Systems’ marketing operating model to establish a digital-first marketing organization. Prior to joining R Systems, he served as Vice President and Global Head of Digital Marketing at Infosys, where he spearheaded digital-first global brand campaigns.

Sensex Today Live : Protean eGov Technologies is reportedly preparing to initiate a Qualified Institutional Placement (QIP), according to informed sources. The QIP offering is set to include a base issue size of ₹170 crore along with a green shoe option of ₹75 crore, reported CNBC-TV18. Equirus has been selected as the banker for the transaction.

Sensex Today Live : Indian benchmark indices opened in the green on Wednesday, led by robust expectations of a positive showing by companies in the Q4 earnings season.

At 11 am, the Sensex was up 230.09 points, or 0.31%, at 74,913.79, and Nifty was up 63.60 points, or 0.28%, at 22,706.35.

Sensex Today Live : Aviation software provider Ramco Systems informed the exchanges today its strategic engagement with Korean Air to implement its flagship aviation software, Ramco Aviation Suite at Korean Air’s Engine Maintenance Center.

This association was officially announced at MRO Americas 2024, Chicago, the company said.

The implementation of Ramco’s Aviation software will replace multiple legacy systems to streamline operations across current engine shops and planned expansion sites, the company said. With comprehensive MRO-specific functionalities, and integrated e-publications, all on a unified platform, Ramco Aviation will serve as the technological foundation for Korean Air, the company said in its exchange filing.

Sensex Today Live : Sun Pharma Advanced Research Company (SPARC) today announced the results of the interim analysis from the PROSEEK study, a global, randomised, double blind, placebo-controlled Phase 2 study in patients with early Parkinson’s disease. PROSEEK compared two doses of Vodobatinib with placebo and enrolled a total of 513 patients from US, Europe and India.

The company said, the interim analysis was based on data from 442 patients who completed 40 weeks treatment in Part I of the study. The study failed to demonstrate superiority of Vodobatinib in the prespecified primary endpoint of change in MDS-UPDRS Part III total score as compared to placebo, the company announced in its exchange filing.

SPARC has reviewed the data and determined that the study has not shown evidence of treatment benefit in patients receiving Vodobatinib, and consequently decided to close the study. 

Sensex Today Live : Aether Industries today informed the exchanges that it has achieved the continuous operations of a pilot plant that transforms post-consumer polyethylene plastic waste into virgin-quality monomers, in collaboration with US-based Novoloop, a plastic circular economy technology company.

The company, in an exchange filing, said, “The pilot plant has now passed equipment testing and solvent runs, and has achieved continuous operations with the usage of commercially-representative waste feedstock”.

The company said, this milestone marks the successful transition from batch reactions to an integrated and automated plant that validates Novoloop’s Lifecycling technology. Novoloop’s Lifecycling process transforms post-consumer polyethylene plastic waste into virgin-quality monomers for performance materials at a carbon footprint reduction of up to 91% when compared to the conventional process of producing adipic acid, the company said.

Sensex Today Live : IRB Infrastructure Developers today informed the exchanges that its subsidiary IRB Ahmedabad Vadodara Super Express Tollway Pvt. Ltd. has received the Arbitral Award with respect to its claim on account of revenue losses due to emergence of the competing road running parallel to the project highway.

Under the claim, IRBAV had contended that the competing road came into existence in the year 2015-16. Accordingly, a compensation amounting to ₹1,032.61 crore plus interest was claimed from NHAI, the company said in its exchange filing.

It added that the NHAI’s contention was primarily that there was no competing road. NHAI had a counter claim on the IRBAV amounting to Rs. 29.73 Crore on account of advancement of premium due to cash surplus available with IRBAV in the FY2014-15.

The Arbitral Tribunal, in its award, declared that the competing road came into existence in January 2019 (when 75% of the length of competing road was completed) and not in the year 2015-16. However, due to technical reasons, no compensation was awarded on account of this competing road, the company said.

The award has also directed IRBAV to make the payment of Premium to NHAI as per the Premium Deferment Scheme. However, the counter claim of NHAI for advancement of Premium amounting to ₹29.73 Crore has been rejected.

Additionally, an amount of ₹1.9 Crore plus interest has been awarded to the claimant on account of losses due to unwarranted retention of Bank Guarantee by NHAI, IRB said. NHAI has also been directed to return the said Bank Guarantee to IRBAV.

Sensex Today Live : Indian benchmark indices opened in the green on Wednesday, led by robust expectations of a positive showing by companies in the Q4 earnings season.

At 10 am, the Sensex was up 199.52 points, or 0.27%, at 74,883.22, and Nifty was up 52.90 points, or 0.23%, at 22,695.65.

Sensex Today Live : Sun Pharma Advanced Research Company (SPARC) today announced the results of the interim analysis from the PROSEEK study, a global, randomised, double blind, placebo-controlled Phase 2 study in patients with early Parkinson’s disease. PROSEEK compared two doses of Vodobatinib with placebo and enrolled a total of 513 patients from US, Europe and India.

The company said, the interim analysis was based on data from 442 patients who completed 40 weeks treatment in Part I of the study. The study failed to demonstrate superiority of Vodobatinib in the prespecified primary endpoint of change in MDS-UPDRS Part III total score as compared to placebo, the company announced in its exchange filing.

SPARC has reviewed the data and determined that the study has not shown evidence of treatment benefit in patients receiving Vodobatinib, and consequently decided to close the study. It plans to complete the full analysis of clinical outcomes and correlative biomarker data in the coming months.

Sensex Today Live : “Bank Nifty has gained strength after it has entered into a new territory at 52-week high zone of 48,960 levels and has further upside potential target of 49,800 level in the coming days with 47,700 as the important support zone as of now.

Frontline banking stocks like ICICI Bank, Axis Bank and Kotak Bank are well poised for further upward movement which can help the index to gain further. Banknifty would have the daily range of 48,400-49,200 levels.”

–Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher

Sensex Today Live : Nifty found resistance near the long term trend line zone of 22,760 levels and slipped gradually to end near the 22,650 zone with bias maintained positive and further scope for upside movement in wide open. As mentioned earlier, the index has got the near-term target of 22,800 and 23,200 levels with 22,000 zone maintained as the important and crucial support level. The support for the day is seen at 22,500 level while the resistance would be seen at 22,800.

Sensex Today Live : Barring the Pharma and Healthcare indices, which were down 0.17%, and 0.12%, respectively, all other sectoral indices were in the green. Gains were led by Metal, Oil & Gas, Realty and Auto indices, which were up 00.98%, 0.95%, 0.74%, and 0.44%, respectively. 

Sensex Today Live : The broader market was up, with the BSE MidCap index gaining 0.38%, and the BSE SmallCap index gaining 0.38%. 

Sensex Today Live : 18 of the 50 stocks on the Nifty 50 were in the red, with  losses led by Divi’s Laboratories, HDFC Bank, Apollo Hospital Enterprises, Eicher Motors, and Sun Pharma, while gains were led by Tata Steel, Bharti Airtel, BPCL, JSW Steel, and Reliance Industries.

Sensex Today Live : Only six out of the 30 stocks on the Sensex were down, with Sun Pharma, HDFC Bank, UltraTech Cement, TCS, Nestle India, and HUL in the red. Meanwhile, the top gainers were Tata Steel, Bharti Airtel, JSW Steel, Reliance Industries, and Tata Motors. 

Sensex Today Live : Aviation software provider Ramco Systems informed the exchanges today its strategic engagement with Korean Air to implement its flagship aviation software, Ramco Aviation Suite at Korean Air’s Engine Maintenance Center.

This association was officially announced at MRO Americas 2024, Chicago, the company said.

This engagement comes close on the heels of the airline announcing the construction of its new engine MRO facility in Unbuk, near Incheon International Airport, which consolidates all engine MRO capabilities into a single cluster. The airline currently conducts MRO work on six engine models, and with this expansion, Korean Air is looking to add three more engine types to its aircraft family.

The implementation of Ramco’s Aviation software will replace multiple legacy systems to streamline operations across current engine shops and planned expansion sites, the company said. With comprehensive MRO-specific functionalities, and integrated e-publications, all on a unified platform, Ramco Aviation will serve as the technological foundation for Korean Air, the company said in its exchange filing.

Sensex Today Live : Indian benchmark indices opened in the green on wednesday, led by robust expectations of a positive showing by companies in the Q4 earnings season.

At opening bell, Sensex was up 236.84 points, or 0.32%, at 74,920.54, and Nifty was up 50.75 points, or 0.22%, at 22,705.50.

Sensex Today Live : Suraj Estate Developers Limited informed the exchanges today it has amicably settled a pending litigation with OLV & OLPS Society

In an exchange filing, the compansy said consent terms have been filed for the development of property bearing F.P.557 of TPS III, Mahim Division, measuring approximately 7,625.73 square meters.

As per the consent terms, the company has agreed to pay the landowner a consideration of approximately Rs. 47 Crores and provide additional flats to OLV & OLPS Society, measuring approximately 3,300 square meters (~35,500 Sq. Ft). This leaves the company with a built-up area of 10,813.63 square meters (~1,16,400 Sq. Ft.), including fungible FSI for sale, amounting to a…