back-office Open An Account
partner-with-us Partner with Us
Corporate Actions
Nifty above 22,400 level; VIX slumps 18.60%

23-Apr-24   10:37 Hrs IST
The key equity indices traded with decent gains in morning trade. The Nifty traded above 22,400 level. Realty shares extended gains for the second consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, was up 230.31 points or 0.31% to 73,878.93. The Nifty 50 index added 66.50 points or 0.30% to 22,402.90.

In the broader market, the S&P BSE Mid-Cap index rose 0.42% and the S&P BSE Small-Cap index added 0.88%.

The market breadth was strong. On the BSE, 2,344 shares rose and 1,097 shares fell. A total of 158 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 18.60% to 10.34.

Results Today :

Tata Consumer Products (down 0.54%), Tata Elxsi (up 0.48%), ICICI Prudential Life Insurance Company (down 0.35%), Mahindra EPC Irrigation (up 1.08%), Multi Commodity Exchange of India (up 2.11%), 360 ONE WAM (up 1.69%), Cyient DLM (up 3.98%), Huhtamaki India (up 1.97%), LKP Securities (up 2.27%) and NELCO (up 5.44%) will announce their quarterly earnings later in the day.

Buzzing Index:

The Nifty Realty index gained 2.65% to 957.85. The index rallied 3.41% in two trading sessions.

Sobha (up 6.07%), Phoenix Mills (up 4.61%), DLF (up 3.43%), Macrotech Developers (up 2.87%), Oberoi Realty (up 2.48%), Godrej Properties (up 2.22%), Brigade Enterprises (up 1.73%), Prestige Estates Projects (up 1.69%), Mahindra Lifespace Developers (up 1.28%) and Sunteck Realty (up 1.12%) advanced.

Stocks in Spotlight:

Mahindra & Mahindra Financial Services slipped 3.93% after the NBFC announced deferment of board meeting for considering quarterly results due to detection of fraud at one of company?s branches in the North East.

Nibe declined 1.22% after the company announced that on Monday its chief financial officer (CFO), Hemant Dilip Wani has tendered his resignation with effect from 22 April 2024.

Redtape rose 1.40% after the company has commenced online operational activity from it's new warehouse situated at Bhiwandi, Maharashtra with effect from 22 April 2024. This new warehouse facility will help the company to fulfil delivery of its products more efficiently to the online shopping customers.

Powered by Capital Market - Live News

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.