Date: April 8, 2024 | Time: 10:33 AM IST
Summary:
Today’s Sensex Live Updates report a historic achievement as BSE-listed firms collectively reach a market capitalization milestone of ₹400 lakh crore for the first time ever. This significant development comes amidst a backdrop of positive global market sentiments, with US stocks ending on a high note post a robust jobs report.
Key Updates:
- Sensex Today: Following a strong jobs report in the US, domestic equity markets are expected to open higher today.
- Market Momentum: Despite a flat closure on Friday after the RBI’s monetary policy announcement, positive global cues have buoyed market sentiment. Asian markets are trading mostly higher, with US stocks rallying post a robust jobs report.
- BSE M-Cap Milestone: BSE-listed firms collectively achieve a landmark market capitalization of ₹400 lakh crore. Notably, this milestone marks a remarkable gain of ₹145 trillion in market capitalization since April 2023, reflecting a substantial 57% surge.
Live Market Updates:
- Adani Ports Shares Decline: At 9:48 am, Adani Ports and Special Economic Zone shares were trading 2% lower at ₹1,349.65 on the NSE.
- Nifty PSU Bank Index: The Nifty PSU Bank index observes a 0.6% decline, attributed to Union Bank of India, J&K Bank, and Punjab National Bank.
- Voltas AC Milestone: Voltas AC shares surge by 10% as the company crosses the 2 million unit sales mark in FY24, propelling its share price to scale 52-week highs.
- Titan Q4 Revenue: Titan reports a 17% year-on-year revenue growth in the fourth quarter of FY24, with the jewellery segment contributing significantly.
In Focus Today:
- Adani Ports Trading Volume: Bloomberg reports a significant trading volume of 6.05 million shares (0.3 percent) of Adani Ports, indicating heightened investor activity.
- YES Bank Board Meeting: YES Bank announces its upcoming board meeting to consider and approve results for the quarter ended March 31, putting its shares in focus today.
Market Opening Bell: Indian indices kickstart the day on a positive note, with Nifty above 22,550 and Sensex up by 200 points.
Disclaimer: This live market update has been compiled from official sources and reporters. It provides insights into the current market trends and developments.