Stock Market Live: Sensex, Nifty Fall; Broader Market Slumps on fourth consecutive day
Stock Market Live: Sensex, Nifty Fall; Broader Market Slumps on fourth consecutive day
The BSE Sensex fell 332.23 points or 0.46 percent to 72,611.45 as of 3.35 pm, while the Nifty 50 declined 103.70 points or 0.47 percent to 22,044.20. Market updates on 18th April 2024.
Bharti Airtel, Power Grid Corp, M&M, BPCL, and Tata Steel were the top gainers, while Nestle, Apollo Hospitals, Axis Bank, HCL Technologies, and ONGC were the major laggards. The stocks that hit a 52-week high on the NSE include AAA Tech (19.33 percent), Just Dial (12.95 percent), Indo Tech (10 percent), and Hi-Tech Gear (10 percent).
ICICI Lombard General Insurance Company Ltd reported Q4 Combined Ratio at 102.2% vs 104.2%, Net profit up 19% at Rs 520 cr vs Rs 437 cr (YoY). Shares up by 3.78% to Rs 1711.48 on the BSE.
Vodafone Idea's shares were up by 2.01% to Rs 13.18 on the BSE. India's largest follow-on public offer opens today with a price range of Rs 10-11.
JSW Energy Ltd.'s shares were up by 4.51% to Rs 628.50 on the BSE. Arbitral Tribunal allows claim to recover Rs 120 cr from Tamil Nadu Generation and Distribution Corporation.
Power Grid Ltd.'s shares were up by 2.06% to Rs 280 on the BSE. The company was declared as the successful bidder to establish inter-state transmission system in Gujarat and Rajasthan.
Sunteck Realty Ltd. shares were up by 2.85% to Rs 439.70 on the BSE. The company reported 20% annual growth in sales bookings.
Brigade Enterprises Ltd. shares were up by 4.29% to Rs 1037.40 on the BSE. The company reported a 46% annual increase in its sales bookings.
TARC's shares surge 5% after posting a 3-fold rise in its FY24 pre-sales. TARC Ltd.'s shares were up by 5% to Rs 160.70 on the BSE. The company's FY24 pre-sales at Rs 1,612 crore, up 200% year-on-year.
Kamat Hotels' stock rises 2.96% after launching IRA. Kamat Hotels Ltd.'s shares were up by 2.96% to Rs 299 on the BSE after the company announced launch of IRA by Orchid hotels in Ayodhya to expand presence in Uttar Pradesh.
Aluminium futures can rise further. Aluminium futures on the Multi Commodity Exchange (MCX) have been on a rally since early March. It rebounded on the back of the support at Rs 200.
ONGC awards PMC contract to Nauvata, PERC Engineering. Oil and gas exploration and production (E&P) major ONGC has awarded a Front End Engineering Design (FEED) and project management consultancy (PMC