Sensex Today Trades Lower | Nifty Below 22,700 | CAMS Surges 4%, Sun Pharma Sheds 2%

Fri, 12 Apr 10:30 am

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Asian markets traded mixed on Friday tracking overnight movement on Wall Street and as investors await China trade data.

Japan's Nikkei 225 and the Topix gained 0.5%

US stocks ended higher on Thursday, rebounding from sharp losses in the previous session, led by a rally in tech-related stocks.

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	160.79	3.13	1.99%	161.12	157.93	161.12	103.27
Apple	175.04	7.26	4.33%	175.46	168.16	199.62	159.78
Meta	523.16	3.33	0.64%	523.86	517.29	531.49	207.13
Tesla	174.6	2.84	1.65%	175.88	168.51	299.29	152.37
Netflix	628.78	10.2	1.65%	631.66	617.24	639	315.62
Amazon	189.05	3.1	1.67%	189.77	185.51	189.77	97.71
Microsoft	427.93	4.67	1.10%	429.37	422.36	430.82	275.37
Dow Jones	38459.08	-2.43	-0.01%	38598.98	38197.28	39889.05	32327.2
Nasdaq	18307.98	296.33	1.65%	18337.15	17998.25	18464.7	12724.24

Source: Equitymaster

At present, the BSE Sensex is trading 129 points lower and NSE Nifty is trading 39 points lower.

NTPC, Tata Motors, L&T are among the top gainers today.

Sun Pharma, Grasim Industries and Maruti Suzuki 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 is trading 0.2% higher and the BSE Small Cap index are trading 0.3% higher.

Sectoral indices are trading mixed, with socks in power sector and capital goods sector witnessing buying. Meanwhile stocks in banking sector and financial sector witnessed selling pressure.

The rupee is trading at Rs 83.4 against the US dollar.

In commodity markets, gold prices are trading 1.1% higher at Rs 72,431 per 10 grams today.

Meanwhile, silver prices are trading 1.3% lower at Rs 83,900 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, Co-head of Research at Equitymaster, Rahul Shahin the latest video explores how different investor mindsets can lead to varying valuations of the same stock, using Exide Industries as an example.

It also highlights the importance of having a clear exit strategy.

Tune in to the below video:

TCS Q4 Result

Tata Consultancy Services Ltd (TCS) will report its March quarter results today, 12 April 2024, after market trading hours.

Along with the quarter results, the TCS board will also consider a final dividend proposal, which will be up for shareholder approval at the ensuing 29th Annual General Meeting (AGM).

To recall, TCS paid a special dividend of Rs 18 per share and an interim dividend of Rs 9 per share after its third-quarter results. The IT major has announced Rs 45 per share in total dividend in FY24 so far.

Following the results, TCS will address the media in a press conference at 5:30 pm IST. It would also host an earnings conference call at 7 pm IST, during which its leadership team will discuss the financial performance and take questions.

As you're interested in Tata group stocks, check out the new section in our Stock Screener, where you can view the fundamentals of companies within a business group in one screen, including the Top Tata group stocks.

L&T Divest's Stake in L&T Infrastructure

Larsen & Toubro (L&T) has announced the completion of the divestment of L&T Infrastructure Development Projects, a joint venture between Larsen & Toubro and Canada Pension Plan Investment Board (CPP Investments) holding 51% and 49% shares respectively.

LTIDPL has been a pioneer in PublicPrivate-Partnership (PPP) model of Infrastructure development in India. Both L&T (51%) and CPP Investments (49%) stakes have been acquired by Epic Concesiones, an investee company of Edelweiss Infrastructure Yield Plus Strategy, managed by Edelweiss Alternative Asset Advisors (EAAA).

This deal is in line with L&T's strategy to exit non-core businesses to reduce its exposure to the asset-heavy developmental projects portfolio thereby enhancing its Return on Equity.

L&T, over the years, forayed into multiple business verticals, including infrastructure, power, hydrocarbon, metal and minerals, defence, aerospace, information technology (IT), products, systems and equipment, finance, and real estate.

L&T gained 69% in 2023.

Going forward, L&T plans to expand its focus on green hydrogen projects in global markets, aiming to strengthen its presence in the sustainable energy sector.

This makes L&T among the Best Green Hydrogen Stocks in India (2024) for Long-Term Investment.

Bank of Baroda Hikes lending rates

Public sector lender Bank of Baroda (BoB) hiked its marginal cost of funds linked lending rates by 0.05% across tenures. The bank, in an exchange notification, stated that it has hiked the lending rates up to 8.8%.

Overnight lending rates have been hiked to 8.1 from 8.05%. Three-month, six-month, and one-year tenor lending rates have been hiked by 0.05% each.

Rates for three-month tenors have been hiked to 8.5%, 8.6% for six-month tenors, and 8.9% for one-year tenors.

The new rates will be effective from 12 April 2024, the company stated. A company spokesperson said that the last revision of the MCLR rates was in January 2024.

Earlier, HDFC Bank, India's largest private sector lender, increased its repo-linked home loan interest rates by 0.1% to 0.15%.

According to information on the bank's website, the change in the rate is due to the merger of HDFC Bank and HDFC on 1 July 2023, and it will no longer be linked to the retail prime lending rate (RPLR).

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!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

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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