Sensex Today Ends 58 Points Lower | Nifty Below 22,650 | Hindustan Zinc Rallies 14%

Tue, 9 Apr Closing

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After opening the day on high, Indian share markets pared gains as the session progressed and ended the day lower.

Equity markets erased all gains in the fag-end of the session as profit booking in large-caps deepened.

The S&P BSE Sensex, which surpassed the 75,000-mark for the first time on Tuesday, hitting a record high of 75,124, ended 59 points lower at 74,684.

At the closing bell, the BSE Sensex stood lower by 58 points.

Meanwhile, the NSE Nifty closed lower by 24 points.

Apollo Hospital, Hindalco and Infosys were among the top gainers today.

Titan, Coal India and Reliance Industries 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 22,749 down by 27 points or 0.1% lower.

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 lower. The BSE Mid Cap ended 0.5% lower and the BSE Small Cap index ended 0.2% lower.

Sector indices are trading on mixed, with stocks in realty sector, and metal sector witnessing buying. Meanwhile, stocks in FMCG sector, power sector and energy sector witnessed selling pressure.

Maruti Suzuki, Info Edge and Thermax 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 83.23 against the US$.

Gold prices for the latest contract on MCX are trading 1.1% higher at Rs 71,694 per 10 grams.

Meanwhile, silver prices are trading 1.1% higher at Rs 82,759 per 1 kg.

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Co-head of Research at Equitymaster, Tanushree Banerjee talks What kind of companies are helping India in this green hydrogen landscape, in her latest video.

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Exide Industries & Amara Raja Zooms 20% in 3 Days. Here's Why

In news from the auto ancillary sector, battery manufacturers like Exide Industries and Amara Raja Batteries have extended gains on 9 April, rallying up to 20% in the last three sessions on the back of a combination of partnerships.

On 9 April, Exide Industries' shares advanced over 2%, a day after the counter rallied 17% higher. This comes after South Korean auto majors Hyundai Motor Company (HMC) and Kia Corporation announced a partnership with the homegrown battery maker for electric vehicle battery localisation in the country.

Similarly, Amara Raja Batteries' share price also spiked about 11% in the last three days led by client acquisitions, product launches, and benefits from its extensive distribution network.

The company has strong long-term revenue visibility, given its focus on the aftermarket segment, and its investment in Li-ion battery cell manufacturing will drive its long-term growth. The plant is expected to begin deliveries in FY26.

However, the declining cost of lithium batteries poses a threat to the Auto and Industrial Batteries business. E-2Ws/e-3Ws do not require a lead acid battery as an auxiliary battery. This could in turn adversely impact 15-20% of the revenue of lead acid battery players.

For more, check out Why Exide Industries Share Price is Rising.

Godrej Properties Hits 52-Week High.

Moving on to news from the realty sector, shares of Godrej Properties surged 8% to hit a 52-week high of Rs 2,791.8 after announcing significant growth in booking for the March quarter as well as FY24.

The company reported a 135% year-on-year increase in bookings in the March quarter, amounting to Rs 95 bn, the highest-ever quarterly sales by any publicly listed real estate developer in India.

The growth was driven by the sale of 5,331 homes spanning over 8 million square feet.

FY24 bookings surged 84% from the previous year to more than Rs 225 bn, exceeding the company's initial guidance by 61%. The company sold 14,310 homes, covering 20 million square feet, during the year.

New project launches, such as Godrej Zenith in NCR and Godrej Reserve in MMR contributed significantly to the sales growth, achieving booking values of over Rs 30 bn and Rs 26.9 bn, respectively.

Gaurav Pandey, MD and CEO of Godrej Properties attributed the sales growth to an improved project mix and a robust volume increase of 31%. He expressed confidence in the company's strong launch pipeline for the current year, particularly with its recent entry into the Hyderabad market.

FMCG stocks Falter

Moving on to news from the FMCG sector, FMCG stocks took a beating and were one of the worst performers on 9 April, a day when benchmark indices hit new highs continuing their record run.

Hindustan Unilever, Colgate, Marico, UBL, Tata Consumer, Godrej Consumer Products, and Britannia declined up to 2% against a 0.4% rise in the 50-stock Nifty index.

The Street turned cautious after analysts said that the fourth quarter would be a dull one for the FMCG firms due to sluggish rural growth, delayed winter, and heightened competition.

Regional firms operating in biscuits and laundry segments are challenging larger firms due to favourable commodity prices.

The market expects HUL, Marico, Godrej Consumer, and Colgate to see major gross margin gains in the March quarter.

So far this year, the Nifty FMCG index has declined more than 5% against a 4% rise in the Nifty.

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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