Stock Market Highlights on April 5, 2024: The stock markets witnessed a small upward movement on Friday. Sensex started strong at 74,287.02, but fluctuated between 74,303.49 and 73,946.92 in subdued market activity. Meanwhile, Nifty 50 began downward at 22,486.40, maintaining levels between 22,528.90 and 22,427.60 throughout the day.
At noon, the NSE Nifty 50 traded 0.95Â points down at 22,486.40 and the S&P BSE Sensex was trading 20.59 points or 0.03% lower at 74,248.22. The following are top 10 highlights the stock markets today.
Stock Market Highlights Today
| 1. ITC, Kotak Mahindra Bank, SBI Life, Bajaj Finserv, and HDFC Bank shined on the NSE, leading the charge among NIFTY 50 stocks. |
| 2. BPCL, Grasim, Bajaj Auto, Hindalco, and Larsen & Toubro faltered on the NIFTY 50, dimming their market sparkle |
| 3. Nifty Auto index dipped by 0.22% to 21605.05. Mahindra & Mahindra surged by 0.72%, closely pursued by Sona BLW Precision Forgings at 0.71%. However, Bajaj Auto faced a setback, sliding 1.4%, while TVS Motor Company followed suit with a 0.99% decrease. |
| 4. BSE’s top 5 gainers: IIFL Finance, Camlin Fine Sciences, Unichem Labs, Paisalo Digital, AAVAS Financiers. Top 5 losers: Arvind Fashions, Birla soft, Vedant Fashions, Linde India, JK Lakshmi Cement. |
| 5. FPIs reduced HDFC Bank stake in March. Foreign investor space now 24.95%. MSCI (Morgan Stanley Capital International) awaits 25% mark for index boost. HDFC Bank reports strong Q4FY24 growth. Shares up 1.33% on Friday, with a price level of Rs 1,547.20 |
| 6. ESAB India, a welding solutions leader, announces a dividend of Rs 24.00 per share. Get ready to cash in on the sparks! |
| 7. Kalyan Jewellers soared in Q4 FY24 with a 34% YoY revenue jump, fueled by 38% growth in India and 14% in the Middle East. With expansion strategies and digital advancements in focus, the stock stands at Rs 430 today. |
| 8. The third day of the Bharti Hexacom IPO subscription, it has been oversubscribed 4.28 times. The IPO opened on April 3 and closes on April 5, offering shares at Rs 542–570 each. The offer for sale amounts to Rs 4,275 crore, with a total issue size of the same amount. The IPO is set to be listed on both the BSE and NSE. |
| 9. Godrej Properties’ stock soars 4% on Mumbai project sales worth ₹2,690 crore, hitting ₹2,512.65 per share on NSE, up 4.28% from yesterday. |
| 10. Aluwind Architectural IPO soared over 8 times in subscription, with retail investors subscribing 11 times their reserved portion. Keep an eye on NSE website or Skyline Financial Services for allotment status. |
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Disclaimer: The above content is for informational purposes only. Please consult a SEBI-registered investment advisor before investing in market-linked instruments.
