Sensex Nifty Today | Stock Market Highlights: The Indian domestic indices, Sensex and Nifty, ended today’s trading session on a negative note. The Indian equity indices traded took U-turn after opening on a positive note for the 8th consecutive session. The Nifty 50 ended below 23,500 while the BSE Sensex declined 788 points.
Here are key factors to watch out for trade-
- US markets: The US stock markets extended gains for the second straight session on Tuesday on hopes of softer US tariffs than earlier expected. The S&P 500 rose 0.16%, closing at 5,776.65. The Nasdaq Composite added 0.46%, ending the session at 18,271.86. However, the Dow Jones Industrial Average inched up 4 points, or 0.01%, to close at 42,587.50.
- Asia markets: The Asian indices were trading in the green during the early hours of trading on Wednesday taking cues from the Wall Street’s overnight gains. Japan’s Nikkei 225 was trading 0.39% higher at 37,929. However, the Asia Dow was trading 0.21% higher at 3,744.83. South Korea’s Kospi was up 0.42% at 2,626. The Shanghai Composite was trading flat at 3,370.
- FII buying: The foreign institutional investors (FIIs) have turned buyers for the fourth straight session. They were the net sellers in the cash market for the last five months, excluding March. The outflow since October exceeds Rs 3 lakh crore.
Stock market today live updates: Ashok Leyland refutes acquisition reports in SML Isuzu
Ashok Leyland has denied reports suggesting it is acquiring its promoter's stake in SML Isuzu, calling the news "factually incorrect." The company clarified that there are no such acquisition plans and dismissed the speculation circulating in the market.
Stock market today live updates: Top gainers at this hour
As of this hour, the top gainers in the Nifty 50 include Trent, up 3%, IndusInd Bank, up 2%, and M&M, up 1%. Other gainers include Eicher Motors and Hero MotoCorp.
Stock market today live updates: FIIs pump in Rs 19,000 crore in March so far
Foreign institutional investors (FIIs) have poured over Rs 19,000 crore into Indian markets so far in March. Three key factors shaping this FII strategy include the rupee strengthening to multi-week highs, increasing probability of an April rate cut, and expectations of a major earnings turnaround.
Stock market today live updates: Nifty market snapshot, mid-session trends
As trading continues, 2,800 stocks have been exchanged so far, with 861 advancing and 1,878 declining. 61 stocks remain unchanged. Notably, 127 stocks have hit their 52-week low, compared to just 21 reaching a 52-week high. Meanwhile, 59 stocks are locked in their upper circuit, while 110 stocks have hit the lower circuit.
Stock market today live updates: HAL shots up 5% on receiving first 99 F404-IN20 engine
The share price of Hindutan Aeronautics rocketed 5% to a high of Rs 4,163.90 from the day's low of Rs 3,971.05 after GE Aerospace delivered the first of 99 F404-IN20 engines to Hindustan Aeronautics Limited (HAL) for the Tejas Light Combat Aircraft Mk 1A.
Stock market today live updates: Top gainers and losers
IndusInd Bank, Trent, M&M, Power Grid Corporation, and BEL were the top gainers in the Nifty 50. NTPC, Tech Mahindra, Dr Reddy's Lab, Cipla, and SBI Life Insurance were the major loser in the Nifty 50.
Stock market today live updates: Ashok Leyland up over 4%
The share price of Ashok Leyland rose 4.3% to an intra-day high of Rs 219 on the National Stock Exchange after the news reports said that the company is in talks to buy stake in SML Isuzu.
Waaree Renewable Technologies' share price rose 5.5% to an intra-day high of Rs 973.10 after winning an order worth Rs 232.30 crore. "We are pleased to inform that “WAAREERTL” has received a Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) works for Ground mount solar power project including Operation and Maintenance (O&M) of 170 MW AC/255 MW DC capacity on turnkey basis," read an exchange filing.
Stock market today live updates: SML Isuzu shares up 4%
SML Isuzu's share price is trading nearly 4% higher today, gaining momentum amid growing speculation of a potential takeover. The stock is witnessing strong buying interest, with Ashok Leyland also in focus following reports of advanced-stage negotiations for acquiring SML Isuzu.
Stock market today live updates: Top gainers and losers in early trading hours
IndusInd Bank, Bharti Airtel, Bajaj Finserv, Power Grid Corp, and HDFC Life Insurance were the top gainers in the Nifty 50 in Wednesday's early hour trade. Bajaj Auto, Axis Bank, L&T, Tech Mahindra, and NTPC were the major losers in the Nifty 50.
Stock market today live updates: Markets today at open
The NIfty 50 opened 32 points or 0.13% higher at 23,700 while the BSE Sensex rose 49 points or 0.06% to open at 78,066.47.
Stock market today live updates: Star Health Insurance shares in focus
Star Health Insurance has issued a statement addressing recent media reports regarding IRDAI’s observations on lapses in the company’s claims settlement practices. The company reassured its stakeholders that it remains committed to a customer-centric approach, ensuring its processes align with the best interests of policyholders.
Stock market today live updates: NCC shares in focus on big order wins
NCC shares to remain in focus as received two advance work orders worth a total of Rs 10,804.56 crore (excluding GST) from Bharat Sanchar Nigam (BSNL) for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network of BharatNet. The orders are almost the size of its market capitalisation of Rs 12,800 crore.