Sensex Today Ends 363 Points Higher | Nifty Above 22,450 | Indus Towers Jumps 8%

Mon, 1 Apr Closing

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After opening the day on positive note, Indian share markets continued the momentum as the session progressed and ended the day higher.

Domestic benchmark indices rose on Monday, led by high weightage financials and information technology stocks, and firm global markets.

At the closing bell, the BSE Sensex stood higher by 363 points (up 0.5%).

Meanwhile, the NSE Nifty closed higher by 135 points (up 0.6%).

Tata Steel, JSW Steel and Adani Ports were among the top gainers today.

Titan, Bajaj Auto and Eicher Motors on the other hand, were among the top losers today.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

The GIFT Nifty ended at 22,620 up by 139 points.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

Broader markets ended the day mixed. The BSE Mid Cap ended 1.6% higher and the BSE Small Cap index ended 2.9% lower.

Barring auto sector all other sectoral indices are trading on positive note, with stocks in realty sector, metal sector and power sector witnessing buying.

ABB India, Info Edge and L&T hit their respective 52-week highs today.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at 83.4 against the US$.

Gold prices for the latest contract on MCX are trading 1.4% higher at Rs 68,622 per 10 grams.

Meanwhile, silver prices are trading 0.9% higher at Rs 75,772 per 1 kg.

Speaking of stock markets, initiatives like sea links, multi-modal connectivity, dedicated freight corridor, logistics parks, drone deliveries and e-commerce policies are expected to offer massive long-term tailwinds to key logistics players in the country.

Co-head of Research at Equitymaster, Tanushree Banerjee talks about one such company that stands out, in her latest video.

Tune in to the below video:

Adani Total Gas Jumps 4%. Here's Why.

In news from the gas transmission sector, shares of Adani Total Gas jumped over 4% on 1 April 2024, a day after the company informed that its wholly-owned subsidiary Adani Total Energies Biomass (ATBL) has commissioned operations at phase 1 of its Barsana Biogas Plant, located in the Mathura district of Uttar Pradesh.

The Barsana Biogas Project has three project phases and would attain an overall capacity of 600 tons per day (TPD) of feedstock, generating over 42 TPD of Compressed Bio Gas (CBG) and 217 TPD of organic fertiliser upon full commissioning.

The cost for all three project phases for the Barsana Biogas plant would be over Rs 2 bn.

This is ATBL's first CBG production facility. In addition to producing CBG, the plant yields organic fertiliser.

Meanwhile, in the LNG segment, Adani Total Gas is developing its first LNG Retail Outlet in Dahej, Gujarat, with plans to establish an LNG station network at strategic locations across India.

Torrent Power Shares Jumps 6%. Here's why.

Moving on to news from the power sector, Torrent Power's share price gained more than 6% in the early trade on 1 April after the company bagged a 150-MW wind-solar hybrid project from its distribution unit.

The project cost is Rs 18.3 bn and shall be commissioned within 24 months from the Power Purchase Agreement (PPA). The contract period shall be 25 years from the commissioning of the project.

The annual Capacity Utilisation Factor (CUF) shall not be less than 50% for any of the years during the term of the PPA & rated power capacity of wind and solar shall be in the ratio of 2:1.

To meet the 50% CUF requirement, the company plans to install 245 MW of wind and solar capacity against the contracted capacity of 150 MW.

Torrent Power is an integrated power utility managing the entire chain - generation, transmission, and distribution across four key Indian states. It is a part of the illustrious Torrent Group, which ranks 5th in the Indian pharmaceutical market.

With Nifty Next 50 being a map to India's future, Torrent Power is poised for success.

For more details, check out Meet the Nifty Next 50 Stocks that Had a Better Year than Tata Motors.

Globus Spirits Rallies 11%. Here's Why.

Moving on to news from the FMCG sector, shares of global spirits jumped around 11% on 1 April 2024 after the company informed that it has commenced commercial production of additional capacity at two of its existing units at Singhbhum in Jharkhand, and at Burdwan in West Bengal.

With this expansion, the capacity of the units increased from 140KLPD (kilo litres per day) to 200KLPD at Jharkhand and from 240KLPD to 300KLPD at West Bengal. The additional capacity will be used for various products, including ENA and ethanol.

The expansion has been completed with a total investment of Rs 1.4 bn.

Globus Spirits manufactures, markets, and sells liquors, sanitisers, animal feed, CO2, bioethanol, and bulk alcohol. The company's product portfolio includes whisky, brandy, vodka, rum, and gin, and its distilleries are located in Rajasthan, Haryana, West Bengal and Bihar.

InCred Equities is bullish on Globus Spirits. The brokerage has an add rating on the stock with a target price of Rs 2,519 as it sees an expansion in gross profit margin due to a rise in the selling price of Indian Made Indian Liquor (IMIL) and softening in broken rice among key triggers.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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