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

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

Top Nifty50 Losers

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

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