Stock Market Update Today: Amidst better global signals, buying is being seen in the domestic stock market today. In today’s business, both Sensex and Nifty indices are seeing a rise. Sensex is gaining about 200 points while Nifty has crossed 22650. In today’s business, growth is being seen in most of the sectors. Only IT and realty indices are in red on Nifty. Whereas Bank, Auto, Financial, FMCG, Metal and Pharma indices are trading in the green. At present, Sensex is gaining 171 points and it is trading at the level of 74654. While Nifty has increased by 44 points and is trading at the level of 22,649. Today’s top gainers include M&M, TATAMOTORS, JSWSTEEL, BAJAJFINSV, POWERGRID, SBI. While the top losers include KOTAKBANK, MARUTI, WIPRO, BHARTIARTL, INFY, HUL.
Global signals mixed
Today global signals seem mixed for the domestic stock market. In today’s business, mixed trend is being seen in major Asian markets. Whereas earlier on Wednesday, mixed business was seen in the American markets also. On Wednesday, Dow Jones Industrial gained 87 points and closed at the level of 37903.29. NASDAQ Composite fell by 52 points and closed at the level of 15605.48. While the S&P 500 index fell by about 17 points and closed at the level of 5018.39.
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May 02, 2024 09:13 IST
Adani Enterprises quarterly results today
Today, on May 2, 2024, the quarterly results of Adani Enterprises and Coal India will be released. Apart from these, results of Adani Ports, Ajanta Pharma, Blue Star, Ceat, Coforge, Dabur India, Federal Bank, JBM Auto, RailTel, Ramkrishna Forgings, South Indian Bank and Ugro Capital will also come today.
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May 02, 2024 09:13 IST
Maruti Suzuki Auto Sales Data
Maruti Suzuki India’s (MSI) total sales in the month of April increased by 4.7 percent to 1,68,089 units. The company had sold 1,60,529 vehicles in April 2023. Total sales of passenger vehicles in the domestic market stood at 1,37,952 units, compared to 1,37,320 units in the same period a year ago. According to MSI, its exports last month were 22,160 units, whereas in April last year it was 16,971 units.
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May 02, 2024 09:12 IST
Tata Motors Tax News
Tata Motors Limited has received a tax demand notice of around Rs 25 crore including penalty and interest for under-payment of tax and taking excess credit. The company said that on April 30, 2024, an order was passed by Sales Tax Officer Class II/AVTO Ward 204 (Zone 11), Delhi. The company received it on May 1, 2024. In this, a demand has been made under Section 73 of the CGST/SGST Act 2017 due to less payment of tax and more credit.
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May 02, 2024 09:11 IST
Adani Power Results News
Adani Power’s profit declined by 47.78 percent to Rs 2737.24 crore in the fourth quarter of the last financial year (2023-24). The company’s profit was affected by rising expenses. The company’s income stood at Rs 13,881.52 crore in the March quarter, which was Rs 10,795.32 crore in the same quarter of the previous financial year. The company’s expenses stood at Rs 10,323.58 crore in the March quarter, which was Rs 9,897.60 crore in the March quarter of 2022-23.
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May 02, 2024 09:11 IST
Adani Wilmar Results News
Adani Wilmar Limited’s profit in the fourth quarter (January-March) of the last financial year has increased by 67 percent to Rs 156.75 crore. Adani Wilmar is in the edible oil and FMCG business under the Fortune brand. The total income of the company fell to Rs 13,342.26 crore in the March quarter, which was Rs 14,185.68 crore in the same quarter last year. Talking about the entire financial year 2023-24, the profit decreased to Rs 147.99 crore, which was Rs 582.12 crore in the financial year 2023.
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May 02, 2024 09:10 IST
Stocks under F&O ban on NSE
NSE has retained Biocon and Vodafone Idea in the F&O ban list for May 2. Ban securities under the F&O segment include those companies where the derivative contracts exceed 95 per cent of the market-wide position limit.
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May 02, 2024 09:10 IST
FII and DII data
According to NSE provisional data, foreign institutional investors (FIIs) bought shares worth a net Rs 1071.93 crore on April 30. While domestic institutional investors (DIIs) invested Rs 1,429.11 crore.
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May 02, 2024 09:07 IST
Brent crude near $84
Brent crude is trading around $84 per barrel. Whereas WTI crude is at around $79.50 per barrel. There has been a softening of prices in the last few days. The 10 year bond yield in America is around 4.60 percent. While the dollar index is at the level of 105.7.
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May 02, 2024 09:07 IST
Mixed trend in Asian markets
In today’s business, mixed trend is being seen in major Asian markets. Talking about Asia, there is a weakness of 0.28 percent in GIFT NIFTY and 0.07 percent weakness in Nikkei 225. Strait Times has gained 0.22 percent while Hang Seng has strengthened by about 2.16 percent. There is a 0.73 percent decline in Taiwan Weighted, 0.05 percent weakness in Kospi and 0.26 percent weakness in Shanghai Composite.
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May 02, 2024 09:06 IST
Dow Jones closed 87 points higher
Mixed business was seen in the American markets on Wednesday. On Wednesday, Dow Jones Industrial gained 87 points and closed at the level of 37903.29. NASDAQ Composite fell by 52 points and closed at the level of 15605.48. While the S&P 500 index fell by about 17 points and closed at the level of 5018.39.
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