Sensex Today | Share Market Live Updates: Nifty hits fresh record high at 22,620, Sensex at

Stock Market Today Live : The company has announced plans to invest approximately ₹1.5 trillion by 2030 to establish the world’s largest renewable energy plant at the Khavda renewable energy park in Gujarat. This plant, with a capacity of 30 gigawatts, was revealed by the company’s head, Vneet Jaain, during a media interaction on Saturday. This project is part of Adani Group’s broader strategy to reach an installed renewable energy capacity of 45 gigawatts in India by 2030. The plan includes the development of 26 gigawatts of solar energy and 4 gigawatts of wind energy. At present, AGEL’s renewable portfolio spans across 12 states, with an operating capacity of 10.93 gigawatts, which includes 7.39 gigawatts of solar, 1.4 gigawatts of wind, and 2.14 gigawatts of hybrid energy. Jaain, the Managing Director of AGEL, shared with the media that the company has already commissioned 2 gigawatts of solar capacity at the park. An additional 4 gigawatts is set to be installed in the current financial year (FY25), primarily focusing on solar energy.

Stock Market Today Live : The departure of Thierry Delaporte from his position as the CEO of Wipro comes a year after Brian Humphries, another foreign CEO, was dismissed by the board of Cognizant. There are certain challenges in India that expats have found difficult to navigate, beyond the management of profit and loss. One such challenge is the cultural aspect. (Read the full story here.)

Stock Market Today Live : During a phone call in late March, Rishad Premji, the chair of Wipro Ltd, requested that CEO Thierry Delaporte step down. Delaporte, who is French, was interested in knowing if he would be granted a second term at the company, which has been lagging behind its competitors and experiencing a departure of employees.

Delaporte, whose tenure of five years was set to conclude on July 5, 2025, expressed to Premji that Wipro, the fourth largest IT services company in India, should see improvement in the latter half of FY25. This sentiment was shared by two executives privy to the call, even though Wipro’s growth is not anticipated during the April-October period.

Mint was unable to determine the specific internal growth figures discussed during the call. However, it is projected that Wipro, which is set to announce its earnings on April 19, will experience a decrease in its annual revenue. (Read the full story here.)

Stock Market Today Live : Thierry Delaporte, the CEO and MD of Wipro, has stepped down from his role, as announced in a regulatory filing by the company on April 6. His term as CEO was originally set to conclude in July 2025, but it was prematurely ended with his resignation announced late on Saturday. Delaporte will be officially relieved of his CEO duties from May 31, 2024. Srinivas Pallia, the former CEO of the company’s America region and a veteran of the company with over three decades of service, will assume the role of the new CEO and MD from April 7, 2024. His tenure will last for five years, as stated by the company in its Saturday statement.

Stock Market Today Live : Indian benchmark indices were up on Monday, led by positive cues from global peers.

At 10 am, Sensex was up 314.32 points, or 0.42%, at 74,562.54, and Nifty was up 75.80 points, or 0.34%, at 22,589.50.

Stock Market Today Live : Signature Global posted quarterly and annual pre-sales of ₹4,140 crore and ₹7,270 crore in Q4 and FY24, respectively, with the year on year growth rates of 240% for the fourth quarter and 112% for the full year.

It has significantly exceeded its guidance of ₹4,500 crore in FY24, due to the successful launch of its first ever premium housing project.

The company’s collections in FY24 grew 62% to ₹3,110 crore, beating its annual guidance of ₹2,900 crore. Its sales realisation soared 49% to ₹11,762 per sq. ft in FY24 compared to ₹7,886 per sq. ft in ,FY23.

Net debt stood at ₹1,160 crore at the end of FY24 in comparison to ₹1,090 crore in FY23.

Stock Market Today Live : Nykaa saw growth accelerate in Q4FY24 with strong GMV growth of early thirties at a consolidated level, on a YoY basis.

The company expects NSV and revenue growth for the quarter to be in the high twenties on a YoY basis. With this, its full financial year 2024 revenue growth is estimated to be in mid-twenties YoY.

The company’s BPC vertical GMV for the quarter is expected to grow around thirty percent, and NSV growth is expected to be in mid-twenties on a YoY basis.

Fashion vertical GMV for the quarter is expected to grow in the high twenties, and NSV growth is expected to be in the mid-twenties on a YoY basis.

Others vertical which predominantly constitutes Superstore by Nykaa (eB2B platform), continues to scale exponentially. Others vertical GMV growth for the quarter is expected to be mid-sixties and NSV growth is expected to be around eighty percent on a YoY basis.

Stock Market Today Live : Barring PSU Bank, which was down 0.29%, all other sectoral indices were in the green, with Consumer Durables leading the gains at 2.22%, followed by Realty and Oil & Gas, which were up 1.25% and 0.90%, respectively. 

Stock Market Today Live : The broader market had gained, with the BSE SmallCap index up 0.63%, and the BSE MidCap index up 0.39%.

Stock Market Today Live : BPCL, Tata Steel, Axis Bank, Titan and Shriram Finance, were the top gainers on the Nifty 50, while Adani Ports & SEZ, Apollo Hospital Enterprises, Divi’s Lab, Wipro, and ICICI Bank, were the top drags on the benchmark index. 

Stock Market Today Live : Wipro, Bharti Airtel, Sun Pharma, and UltraTech Cement, were the only stocks in the red on Monday morning on the Sensex. Tata Steel, Bajaj Finserv, JSW Steel, Axis Bank and Titan were the top gainers on the benchmark index. 

Stock Market Today Live : Indian benchmark indices jumped at open on Monday, led by positive cues from global peers.

At opening bell, Sensex was up 222.97 points, or 0.30%, at 74,471.19, and Nifty was up 68 points, or 0.3%, at 22,581.70.

Stock Market Today Live : Banknifty outperformed the Nifty index during the week breaching above the previous peak zone of 48,160 levels and is almost on the verge of retesting the all-time high of 48,636 levels in the coming days. Once a confirmation is established, the index would have the next target of 49,800 levels with most of the frontline banking stocks looking well poised for the pickup. Banknifty would have the daily range of 48,000-49,000 levels.

Stock Market Today Live : Nifty has been hovering within a tight range between the 22,300 and 22,550 during this week with bias maintained positive and sentiment improving to some extent to anticipate for further rise in the coming days.

The index would need to decisively breach above the 22.550 zone to establish conviction for further upward move having targets of 22,800 and 23,200 levels in the coming days. The support for the day is seen at 22,350 level while the resistance would be seen at 22,650.

Sensex Today Live : Indian benchmark indices were up at pre-open on Monday, following positive cues from global markets.

Sensex was up 307.22 points, or 0.41%, at 74,555.44, and Nifty was up 64.65 points, or 0.29%, at 22,578.35 during pre-open.

Stock Market Today Live : Lemon Tree Hotels today informed the exchanges that it has opened its ninth property in the state of Uttarakhand with the launch of Lemon Tree Hotel, RIshikesh. The company, in an exchange filing, said, the property features 126 rooms & suites, banquet facility, restaurants, a fitness center and other public areas

This hotel, with 126 keys will open in two phases. While 108 rooms and suites opened on Subday, along with Citrus Café – a multi-cuisine coffee shop, an expansive banquet space, fitness center, and swimming pool as a part of phase I of the launch, the remaining rooms, a sprawling garden, a rejuvenating spa, Slounge – A Terrace Bar, and Pool Bar & Grill will open shortly thereafter, as part of phase II.

The hotel is located in Tapovan, a popular and spiritually significant area in Rishikesh, making it an ideal destination for leisure travellers.

Stock Market Today Live : Aurobindo Pharma today informed the exchanges that a manufacturing facility of its subsidiary Apitoria Pharma had a security incident on April 6.

In an exchange filing, the company said, “On April 6, 2024 at around 11:30 PM (IST), an accident occurred near Vacuum Tray Dryer (VTD) area at Unit 6 of Apitoria Pharma Private Limited, situated at Parawada, Anakapalli District, Andhra Pradesh. Unfortunately, there was one casualty due to the accident. The unit continues its normal operations”.

Stock Market Today Live : CMS Info Systems today informed the exchanges, its subsidiary Securitrans India has received a notice comnfirming the original demand of service tax of ₹20 crores for the period of October 2016 to March 2017 and APril to June 2017.

In an exchange filing, the company said it has received a notice, “Confirmation of demand of Service Tax / reversal of Cenvat Credit Aggregating to ₹ 19,33,79,337/- inclusive of applicable cess on account of non-payment/short payment of service tax pertaining to the period of October 2016 to March 2017 and April to June 2017, along with interest thereon at applicable rate and imposition of Penalty aggregating to equivalent amount”.

The company said, its subsidiary Securitrans India will appeal against this decision in the applicable forum.

Stock Market Today Live : Godrej Properties informed the exchanges today that it has sold over 1,050 homes with over 2 million square feet area in its project in Gurugram, Haryana.

The company said its project, Godrej Zenith, located in Sector 89, Gurugram has proven to be its most successful launch in terms of the value and volume of sales achieved.

Stock Market Today Live : The local equity market is anticipated to start off on a positive note on Monday, mirroring the uptrend seen in global counterparts.

Most Asian markets exhibited an upward trend, and the US stock market experienced a surge on Friday following an impressive jobs report. The trajectory of the market this week will be influenced by several crucial corporate and macroeconomic data releases.

Joseph Thomas, Head of Research at Emkay Wealth Management, commented, “The past week saw the domestic markets making gains, buoyed by robust macroeconomic data, particularly PMI numbers. As we stand now, the earnings season is projected to show decent growth. The Reserve Bank of India echoed these growth expectations in its policy by providing strong forecasts for FY25. While domestic news flow is generally supportive of market sentiment, volatility may primarily stem from global events, particularly speculations surrounding the timing of the US Fed’s rate action.” (Read the full story here.)

Stock Market Today Live : Indian markets were likely to open on a positive note on Monday, led by positive cues from global markets. 

At 8:30 am, the Gift Nifty futures, at 22,653.50 was up nearly nearly 150 points from Nifty 50’s Friday close of 22,513.70, also indicating a gap up open for the Indian benchmarks. 

Asian shares started the week on a subdued note on Monday, while the dollar firmed as investors weighed when the U.S. Federal Reserve will start cutting rates in the wake of yet another blowout jobs report. 

Oil prices fell nearly 2% as Middle East tensions eased after Israel withdrew more soldiers from southern Gaza, while gold prices slumped 1% after scaling record high on Friday as U.S. Treasury yields remain elevated. 

MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.26% higher, while Tokyo’s Nikkei rose 1%. China mainland stocks reopened after extended holidays from Thursday, with the blue-chip gauge 0.5% lower. Hong Kong’s Hang Seng Index rose 0.33%. 

Wall Street’s main indexes closed higher on Friday after data showed U.S. job growth blew past expectations in March and wages increased at a steady clip, suggesting the economy ended the first quarter on solid ground.

Investor focus this week will be squarely on the U.S. consumer price index (CPI) report, which is expected to show core inflation slowing to 3.7% in March from 3.8% the prior month. 

The yield on 10-year Treasury notes was up 4.4 basis points to 4.422%. 

The European Central Bank is due to meet later this week and is widely expected to keep rates steady. 

In commodities, spot gold dropped 0.5% to $2,317.09 an ounce, having breached record peak last week. 

U.S. crude fell 2.32% to $84.89 per barrel and Brent was at $88.89, down 2.5% on the day.