Stock Market Updates: Sensex, Nifty Rise Led by Oil & Gas


by Sandip Das on 10 April 2024,  5 min read


The Indian stock market was trading in the green intraday on April 10, 2024. At 12:20 PM, Sensex was up 200 points at 74,884.01 while Nifty gained 54 points and was trading at 22,697.45.

Around 1,761 stocks advanced and 1,922 stocks declined while 122 stocks remained unchanged.

Among the sectors, media, metals and oil & gas added over 1 percent each followed by realty and Bank Nifty.

Top Nifty50 Gainers
Company Name Last Traded Price (Rs) % Change
Coal India 452 2.76
BPCL 601.3 2.65
Kotak Mahindra Bank 1826 2.55
Tech Mahindra 1270.55 1.53
Hindalco Industries 597.6 1.53
Top Nifty50 Losers
Company Name Last Traded Price (Rs) % Change
Cipla 1407.85 -2.93
Maruti Suzuki 12670 -1.69
HDFC Life Insurance 623.6 -1.63
Divis Labs 3758.45 -1.22
SBI Life Insurance 1494.4 -1.07
Asian Markets Updates

Asian stocks traded higher on Wednesday, unfazed by a rating downgrade to China by Fitch which triggered a mild domestic sell-off as the world’s second-biggest economy struggles to mount a solid post-COVID recovery. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.48 percent. Japan’s Nikkei shed 0.48 percent at 39,581.81 while Kospi was down 0.46 percent at 2,705.16. Hang Seng jumped 1.77 percent and was trading at 17,125.09.

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Stocks in Action
Ramco Systems: up 20%

The stock price of Ramco Systems hit 20 percent upper circuit after the company signed a multi-million-dollar deal with Korea’s largest airline Korean Air for tech support at its new engine maintenance complex. “The implementation of Ramco’s aviation software will replace multiple legacy systems to streamline operations across current engine shops and planned expansion sites,” the company said in a regulatory filing.

Shyam Metalics:

In the afternoon session on April 10, Shyam Metalics’ share price rose by 2 percent after the company established a new stainless steel hot rolled coils (HRC) facility at the existing plant in Sambalpur, Odisha, as a part of its expansion plan. The new facility, with an increased capacity of 0.3 million metric tonne per annum (MTPA), will specialise in the production of 200 and 400 series stainless steel hot-rolled coils by utilizing captive raw materials.

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Source: BSE

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.

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