by Sandip Das on 1 April 2024, 5 min read
The Indian stock market ended on a positive for the third consecutive session on April 1, 2024. At close, Sensex was up 363.20 points or 0.49 percent at 74,014.55. Nifty added 135.10 points or 0.61 percent at 22,462.00.
Around 3015 shares advanced and 572 shares declined while 112 stocks unchanged.
Except Auto, all other sectoral indices ended in the green with metal, power, capital goods, healthcare, realty up 1-4 percent, while oil & gas, Information Technology, bank up 0.5 percent each.
Company Name | Last Traded Price (Rs) | % Change |
JSW Steel | 870.55 | 4.86 |
Tata Steel | 162.8 | 4.46 |
Divis Labs | 3588.05 | 4.14 |
Shriram Finance | 2437 | 3.27 |
Adani Ports | 1378 | 2.69 |
Company Name | Last Traded Price (Rs) | % Change |
Eicher Motors | 3952.4 | -1.66 |
Titan Company | 3745.95 | -1.47 |
Nestle India | 2589.45 | -1.25 |
LTI Mindtree | 4889.8 | -0.98 |
Tata Consumer | 1087.7 | -0.78 |
China stocks rose Monday as investors assessed the country’s business activity, while Japan stocks closed lower as business optimism fell. Japan’s Nikkei 225 fell 1.4% to close at 39,803.09, well below the 40,000 mark. The broad-based Topix fell 1.71% to 2,721.22. South Korea’s Kospi rose 0.04% to 2,747.86. The small cap Kosdaq gained 0.77% to close at 912.45, according to a CNBC.com report.
Gold prices extended their record run on Monday as the latest data showing a slowing US inflation trend boosted expectations that the Federal Reserve could deliver its first interest rate cut in June. Lower interest rates reduce the opportunity cost of holding bullion. Spot gold was up 1% at $2,254.71 per ounce after hitting an all-time high of $2,262.19. US gold futures climbed 1.7% to $2,275.60, according to a Reuters report.
After economic data from China indicated a rebound in the manufacturing sector, which may lead to increased demand for metals, the share price of Hindustan Copper and other metal stocks surged.
The company’s announcement of commencing commercial production of additional capacity at two of its units at Singhbhum in Jharkhand and Burdwan in West Bengal propelled the Globus Spirits stock to rally 11 percent. The additional capacity will be utilised for various products, including ENA and ethanol.
GM Breweries’ shares surged 12 percent following the board’s announcement that it will consider a proposal for issuing bonus shares in its April 4 meeting. The company plans to consider the issuance of bonus shares for the first time in six years. Previously, bonus shares were issued in the ratios of 1:4 in 2018, 2016, and 2014.
Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment.
Open Free Demat Account!
In just a few minutes, Simply provide some basic personal details, to get started.