Sensex Today Trades Flat | Nifty Above 22,450 | Adani Ports Rises 3%, IndiaMart Falls 4%

Tue, 2 Apr 10:30 am

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Asian stocks rose on Tuesday and the dollar firmed, keeping the yen pinned near the 152-per-dollar levels, as expectations that the Federal Reserve was close to cutting interest rates faded.

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.6% higher.

The US shares moved mostly lower on Monday, 1 April 2024, weighing the Dow and the S&P500 indexes down, while the tech-heavy Nasdaq managed to end the day in positive territory.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	156.5	4.24	2.78%	157	151.65	157	102.38
Apple	170.03	-1.45	-0.85%	171.25	169.48	199.62	159.78
Meta	491.35	5.77	1.19%	497.43	481.78	523.57	207.13
Tesla	175.22	-0.57	-0.32%	176.75	170.21	299.29	152.37
Netflix	614.31	6.98	1.15%	615.11	605.57	634.39	315.62
Amazon	180.97	0.59	0.33%	183	179.95	183	97.71
Microsoft	424.57	3.85	0.92%	427.89	422.22	430.82	275.37
Dow Jones	39566.85	-240.52	-0.60%	39815	39491.22	39889.05	32327.2
Nasdaq	18293.2	38.51	0.21%	18391.58	18211.28	18464.7	12724.24

Source: Equitymaster

At present, the BSE Sensex is trading 32 points higher and NSE Nifty is trading 17 points higher.

Adani Ports, BPCL and ONGC are among the top gainers today.

TCS, Cipla and Sun Pharma 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 0.4% higher and the BSE Small Cap index is trading 0.7% higher.

Sectoral indices are trading mixed, with socks in oil & gas sector, metal sector and power sector witnessing buying. Meanwhile, stocks in realty sector and telecom sector witnessed selling pressure.

The rupee is trading at Rs 83.36 against the US dollar.

In commodity markets, gold prices are trading 0.4% higher at Rs 68,604 per 10 grams today.

Meanwhile, silver prices are trading 0.7% higher at Rs 76,042 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:

Zomato Receives GST Notice

Zomato, the online food delivery platform received a Rs 1.8 bn GST demand from Commissioner, Adjudication, Central Tax, New Delhi, on account of non-payment of service tax for the period October 2014 to June 2017 for certain sales made by the foreign subsidiaries and branches of the company to its customers located outside India.

Zomato said it has a strong case on merits, and the company will be filing an appeal against the order before the appropriate authority.

Zomato had earlier received a tax demand and penalty worth Rs 232.6 million (m) from Karnataka tax authorities. In that case, also, Zomato felt it had a strong case on merits.

The demand order has been received confirming demand on account of non-payment of service tax for the period October 2014 to June 2017, determined basis of certain sales made by the foreign subsidiaries and branches of the company to its customers located outside India.

Zomato said it has a strong case to defend the matter before the relevant appellate authority and does not expect any financial impact on the company.

For details, check out Top 5 Multibagger Stocks Offering Growth, Value and Momentum.

NTPC's Capacity Addition

State-run power giant NTPC on Monday said it has added 3,924 MW power generation capacity in 2023-24, taking the total installed capacity to around 76GW.

This (3,924 MW) includes the commissioning of the second unit in Bangladesh and the maiden capacity addition by both its subsidiaries, NTPC Green Energy Ltd (NGEL) and NTPC Renewable Energy Ltd (NREL), during the fiscal year ending March 31, 2024.

In FY24, NTPC Ltd achieved an addition of 3,924 MW new capacity to its overall portfolio, elevating its cumulative installed capacity to almost 76 GW.

NTPC is India's largest integrated power utility, contributing 1/4th of the power requirement of the country.

With a diverse portfolio of thermal, hydro, solar, and wind power plants, NTPC is dedicated to delivering reliable, affordable, and sustainable electricity to the nation.

The company is committed to adopting best practices, fostering innovation, and embracing clean energy technologies for a greener future.

On Sunday, NTPC said it has logged an all-time high annual electricity generation of 422 billion units in 2023-24, registering a growth of nearly 6% over 2022-23.

During 2023-24, NTPC coal stations recorded a plant load factor (PLF, or capacity utilisation) of 77%.

Ashok Leyland's Domestic Sales Decline

Ashok Leyland announced its March sales with total domestic sales at 21,317 units, recording a 7% decline compared with 22,885 units in March 2023.

At 14,157 units, domestic MHCV sales reported a Y-o-Y decline of 9% against 15,936 units in March 2023.

Ashok Leyland sold 6,800 units of LCVs in March 2024, 2% less than the 6,949 units sold in March 2023.

Total vehicle sales in March 2024 were at 22,886 units, a 4% decline compared with 23,926 units sold in March 2023.

Total MHCV sales for March 2024 were reported to be at 15,562 units, against 16,773 units in March '23, a 7% dip.

LCV sales were recorded to be at 7,304 units compared with 7,153 units, increasing 2% Y-o-Y.

Certain indicators show Ashok Leyland can scale new heights in 2024. To know why, check out 5 Indian Midcap Stocks Set to Grow Dramatically in 2024. Add them to Your Watchlist.

The company is also a beneficiary of Modi's Rs 576 Billion e-Bus Scheme.

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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