Sensex Today Trades Higher | Nifty Hits New High | Bank & Metal Stocks Shine

Mon, 1 Apr 10:30 am

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Asian equities rose on Monday as US inflation figures did little to alter views that the Federal Reserve will cut interest rates this year.

South Korean stocks advanced while Japanese shares traded in a narrow range after a report showed confidence among the country's large manufacturers weakened slightly for the first time in four quarters.

The US stock market indices ended mixed on Thursday with the S&P 500 notching its strongest first quarter in five years.

Here's a table showing how US stocks performed on Thursday:

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	152.26	0.32	0.21%	152.67	151.33	155.2	100.29
Apple	171.48	-1.83	-1.06%	172.23	170.51	199.62	159.35
Meta	485.58	-8.28	-1.68%	492.89	485.15	523.57	202.54
Tesla	175.79	-4.04	-2.25%	179.57	175.3	299.29	152.37
Netflix	607.33	-6.2	-1.01%	615	601.59	634.39	315.62
Amazon	180.38	0.55	0.31%	181.7	179.26	181.7	97.71
Microsoft	420.72	-0.71	-0.17%	421.87	419.12	430.82	275.37
Dow Jones	39807.37	47.29	0.12%	39868.59	39717.25	39889.05	32327.2
Nasdaq	18254.69	-26.15	-0.14%	18308.32	18231.38	18464.7	12724.24

Source: Equitymaster

At present, the BSE Sensex is trading 455 points higher and NSE Nifty is trading 159 points higher.

JSW Steel, Tata Steel and Apollo Hospital are among the top gainers today.

Bajaj Auto, Bharti Airtel and Maruti Suzuki on the other hand are among the top losers today.

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

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

Broader markets are trading on positive note. The BSE Midcap index id trading 1.2% higher and the BSE Small Cap index is trading 1.9% higher.

Sectoral indices are trading negative, with socks in metal sector, realty sector and power sector witnessing buying.

The rupee is trading at Rs 83.43 against the US dollar.

In commodity markets, gold prices are trading 1.7% higher at Rs 68,852 per 10 grams today.

Meanwhile, silver prices are trading 0.9% higher at Rs 75,782 per 1 kg.

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...

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:

HAL Conducts First Tejas Flight

The first aircraft LA5033 of the Tejas Mk1A series successfully soared in the sky after taking off from the Hindustan Aeronautics Limited (HAL) facility in Bengaluru on Thursday, the public sector aerospace and defence company said.

According to HAL, the Tejas Mk1A aircraft did a successful sortie with a flying time of 18 minutes.

HAL achieved this significant production milestone with concurrent design and development amid major supply chain challenges in the global geopolitical environment, after the contract signature in February 2021.

Extending its gratitude to the Ministry of Defence, Indian Air Force, Defence Research and Development Organisation (DRDO) and associated private firms for contributing to the success of this programme.

HAL signed a Transfer of Technology (ToT) agreement with CSIR-National Aerospace Laboratories (CSIR-NAL) on 8 November 2023.

The agreement was aimed at manufacturing BMI Engine Bay Door for the series production of Light Combat Aircraft (LCA) - Tejas Mk1A - an indigenous 4.5 generation, all-weather and multi-role fighter aircraft for the Indian Air Force.

For more details, check out The PSU Gold Rush: Will these Stocks Continue to Shine in 2024?

RVNL Wins Big

State-run Rail Vikas Nigam has emerged as the lowest (L1) bidder for three orders, one of which is in a Joint Venture with Salasar Techno Engineering.

The first contract is for the design, supply, erection, testing and commissioning for the upgradation of the electric traction system from 1x25 KV to 2x25 KV traction system for the Kharagpur-Bhadrak section of the South Eastern Railway to meet the 3,000 MT loading target.

This contract, which needs to be completed within 18 months, is worth Rs 1.5 bn.

RVNL has also emerged as the lowest bidder for a Northeast Frontier Railway project worth Rs 959.5 m.

The project involves engineering, procurement, construction of design, supply, erection, testing and commissioning of 25 kV and 50 Hz, single phase, AC, electrification OHE and TSS works of Araria - Thakurganj new line section in the NF railway.

This project needs to be completed in the next 240 days.

Additionally, the company, in a Joint Venture with Salasar Techno Engineering emerged as the lowest bidder for an Energy Development Corporation.

project for plant design, supply and installation of 45.8 km, 110Kv double circuit Rukarara-Huye-Gisagara Transmission Lines.

The total contract value is said to be worth US$ 7.15 m. RVNL has a 49% stake in the Joint Venture.

After rallying 75% in January, RVNL Plunges 17% In a month. To know why, check out Why RVNL Share Price is Falling.

Infosys Receives Tax Refund

Infosys Ltd, India's second-largest software services provider, is set to receive a tax refund of Rs 63.3 bn from the income tax department. However, the company also faces a significant tax liability of Rs 27.6 bn.

The orders are, as per various sections of the Income Tax Act, of 1961. The said refunds, inclusive of interest, pertain to assessment years spanning from 2007-08 to 2018-19.

On the other hand, the tax liability pertains to the assessment year 2022-23, including interest. Furthermore, for the assessment year 2011-12, Infosys has a tax demand of Rs 40 m, including interest.

In 2022-23, the company reported consolidated income tax expenses of Rs 92.1 bn, compared to Rs 79.6 bn in the previous fiscal year.

According to the company, income tax expense comprises current and deferred income tax.

To know the impact of Accenture's downgrade on Indian IT stocks, check out Will Accenture's Downgrade Drag Down Infosys and TCS?

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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