10:40:08 AM IST, 02 April 2024
Sensex Today | Stock Market LIVE Updates: SpiceJet Set to Receive Q400 Aircraft from NAC in settlement agreement; ownership of six Q400s transferred to airline
The Monetary Policy Committee of the RBI will hold its first meeting for the financial year (FY) 2024-25. We expect the RBI MPC to keep the policy repo rate unchanged at 6.5% and retain the monetary policy stance of ‘withdrawal of accommodation.’ After a 25 bps hike in February 2023, the rate has remained unchanged at this level over seven straight MPC meetings. With the rise in crude oil prices and the USD INR recently touching its all-time high, it is unlikely that the RBI will change its stance to neutral. We expect the RBI to take comfort from declining core inflation, slightly soften its hawkish forward guidance, but remain cautious given the upside risks to food inflation and the repricing of the Fed funds rate easing path. RBI aims to keep inflation at 4% with a comfort band of 2% in both directions.
– Amit Goel, Co-Founder & Chief Global Strategist, Pace 360
10:36:07 AM IST, 02 April 2024
March factory growth hits 16-year high, hiring picks up
Ahead of a general election this month, the data is likely to boost support for Prime Minister Narendra Modi’s government, which has focused on manufacturing to improve the economy, already the fastest-growing among its major peers.
10:34:59 AM IST, 02 April 2024
Stock Market LIVE Updates | AUTO SALES DATA: TVS Motor Company registers its highest ever sales in FY 2023-24 at 41.9 lakh units with 14% growth; total sales in March 2024 increases by 12%
10:32:01 AM IST, 02 April 2024
Sensex Today | Stock Market LIVE Updates: APL Apollo among top gainers from metals pack
10:01:38 AM IST, 02 April 2024
Sensex Today | Stock Market LIVE Updates | Adani Ports rise 4% after the firm handled 420 MMT of cargo in FY24 (including international ports), clocking a 24% on-year rise.
09:50:54 AM IST, 02 April 2024
Sensex Today | Stock Market LIVE Updates | Naman In-Store lists at 40% premium on SME platform
NSE – Rs 125 (Up – Rs 36 or 40.45%)
09:40:55 AM IST, 02 April 2024
Rupee rises 4 paise to 83.35 against US dollar in early trade.
09:36:21 AM IST, 02 April 2024
Stock Market LIVE Updates | AUTO SALES DATA: Bajaj Auto March total sales at 3,65,904 units vs 291,567 units year ago
09:33:49 AM IST, 02 April 2024
Sensex Today | Stock Market LIVE Updates | Aditya Birla Fashion and Retail shares opened 15% higher after the apparel retailer said it was planning to demerge Madura Fashion & Lifestyle, which contributes more than 70% of the company’s total revenue, into a separate listed entity.
09:31:34 AM IST, 02 April 2024
Market view by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Since the global construct is slightly negative as evidenced by the rising dollar and rising US bond yields ( the 10-year is at 4.3%) the FPIs may be tempted to sell. But FPI selling is not having any major impact on the market since DIIs, HNIs and retail investors are calling the shots now.
Even while riding the bull, investors should know that liquidity is overwhelming fundamentals in many pockets of the broader market. This calls for caution.
09:27:04 AM IST, 02 April 2024
Sensex Today | Stock Market LIVE Updates | BLOCK DEAL: Zomato’s 69.2 lakh shares traded
09:21:03 AM IST, 02 April 2024
Sensex Today | Stock Market LIVE Updates | Tata Steel, BEL among most active stocks in morning trade
09:20:13 AM IST, 02 April 2024
Sensex Today | Stock Market LIVE Updates | Tata Technologies executed a Joint Venture agreement with BMW Holding B.V., Netherlands
09:19:18 AM IST, 02 April 2024
Opening Bell: Sensex drops over 100 pts, Nifty below 22,450; Adani Ports rises 3%, IndiaMart falls 4%
09:07:28 AM IST, 02 April 2024
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex rises 80 points; Nifty above 22,485
08:48:56 AM IST, 02 April 2024
Crypto Market Update: Bitcoin last down 5.2% at $66,170; ether down 4.5% at $3,340
08:48:08 AM IST, 02 April 2024
Stock Market View | Prashanth Tapse, Senior VP (Research), Mehta Equities
Markets are likely to retreat in early trades after yesterday’s record high levels amid weakness in the Gift Nifty index despite buoyancy in other Asian indices. Profit-taking may come into play due to excessive optimism, subdued US market close in overnight trades, and FIIs turning net sellers in Monday’s positive session. The 10-year US benchmark yield hitting 4.323% could weigh on sentiment and prompt overseas investors to offload shares in emerging equities, including India. Local investors could exercise caution ahead of RBI policy later this week although it is more likely that interest rate may remain steady due to inflation above the comfort level.
08:18:41 AM IST, 02 April 2024
Sensex Today | Stock Market LIVE Updates: Asian shares up, dollar firms as rate cut wagers fade
Asian stocks rose on Tuesday and the dollar firmed, keeping the yen pinned near the 152-per-dollar levels that has traders worried about possible intervention, as expectations that the Federal Reserve was close to cutting interest rates faded.
07:57:48 AM IST, 02 April 2024
Sensex Today | Stock Market LIVE Updates: Dollar ascendant as Fed cut bets pared, jawboning props up yen
The U.S. dollar hovered near a 4-1/2-month high against major peers on Tuesday as traders rushed to push back bets for the Federal Reserve’s first interest rate cut this year.
07:57:03 AM IST, 02 April 2024
Sensex Today | Stock Market LIVE Updates: Gold holds ground as easing Treasury yields lift appeal
Gold prices held steady on Tuesday backed by lower U.S. Treasury yields, after touching a record high in the previous session on growing expectations that the Reserve would cut interest rates for the first time in June.
07:27:50 AM IST, 02 April 2024
Sensex Today | Stock Market LIVE Updates: Tokyo shares open higher on US tech gains
Tokyo stocks opened higher on Tuesday as investors cheered overnight gains of US high-tech shares. The benchmark Nikkei 225 index added 0.14 percent, or 54.07 points, to 39,857.16 in early trade, while the broader Topix index rose 0.11 percent, or 2.90 points, to 2,724.12.
07:27:57 AM IST, 02 April 2024
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 64.50 points, or 0.29 per cent, at 22,543.50, signaling that Dalal Street was headed for negative start on Tuesday.
07:28:06 AM IST, 02 April 2024
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty forms Doji candle
Nifty on Monday ended 135 points higher to form a Doji candle on the daily chart with the index trying to break above the crucial overhead resistance of 22,500-22,550 levels.
07:28:15 AM IST, 02 April 2024
Sensex Today | Stock Market LIVE Updates: US stock market: Dow, S&P close lower as manufacturing data lifts yields
The Dow and S&P 500 edged lower on Monday, dragged down by investor worries over the timing of interest rate cuts by the Federal Reserve after stronger-than-expected manufacturing data pushed Treasury yields higher.
07:28:22 AM IST, 02 April 2024
Sensex Today | Stock Market LIVE Updates: Oil gains on upbeat manufacturing data, escalating Middle East tensions
Oil prices gained in early Asian trading on Tuesday, underpinned by signs of improved demand and escalating Middle East tensions that had sparked a rally in U.S. futures to a five-month high in the previous session.
07:28:28 AM IST, 02 April 2024
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Monday
The 30-share BSE benchmark Sensex surged 363 points or 0.49% to settle at 74,014. The broader NSE Nifty gained 135 points or 0.61% to end at 22,462.
