Sensex Today Trades Lower; Nifty Below 25,100; Delhivery Rallies 10%
Asian markets are declining on Monday following mixed Chinese economic data showed a struggling economy. This downturn comes as US tariffs are impacting Chinese exports, and the US is maintaining pressure on trade issues.
US markets were steady on Friday, following big weekly gain after the US-China trade deal and lower inflation, with attention of President Trump's tax bill vote.
Here's a table showing how US stocks performed on Friday:
Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
---|---|---|---|---|---|---|---|
Alphabet | 167.43 | 2.03 | 1.23% | 170.65 | 166.95 | 208.7 | 142.66 |
Apple | 211.26 | -0.19 | -0.09% | 212.57 | 209.77 | 260.09 | 169.21 |
Meta | 640.34 | -3.54 | -0.55% | 640.44 | 626.15 | 740.89 | 442.65 |
Tesla | 349.98 | 7.16 | 2.09% | 351.62 | 342.33 | 488.54 | 157.4 |
Netflix | 1191.53 | 13.55 | 1.15% | 1196.5 | 1179.39 | 1196.5 | 588.43 |
Amazon | 205.59 | 0.42 | 0.20% | 206.85 | 204.37 | 242.52 | 51.61 |
Microsoft | 454.27 | 1.14 | 0.25% | 454.36 | 448.73 | 468.35 | 344.79 |
Dow Jones | 42654.7 | 331.99 | 0.78% | 42663.7 | 42232.6 | 45073.6 | 36611.8 |
Nasdaq | 21427.9 | 92.11 | 0.43% | 21428.8 | 21246.4 | 22222.6 | 16542.2 |
Source: Equitymaster
At present, the BSE Sensex is trading 85 points lower, and the NSE Nifty is trading 8 points lower.
HUL, Bajaj Finance, Tata Motors among the top gainers today
Infosys, HCL Tech, and TCS, on the other hand, are among the top losers today.
The BSE MidCap index ended 0.1% higher, and the BSE SmallCap index ended 0.3% higher.
Sectoral indices were trading mixed today, with stocks inthe IT sector and media sector witnessing selling pressure. Meanwhile, stocks in auto sector and realty sector witness buying.
KEC International Wins Major Big Orders
KEC International has secured new projects worth Rs 11.3 billon (bn) in India's transmission and distribution sector.
As part of the order wins, Power Grid Corporation of India Limited (PGCIL) was given a major contract to build an 800 kV HVDC transmission line and a 765 kV GIS substation.
Additionally, a well-known private developer has ordered a 400 kV Quad transmission line for the company.
KEC added that it has secured another major HDVC project reflecting its expertise and expects the sector to grow due to India's increasing energy needs and the government's focus on renewable and transmission infrastructure.
In addition, these new orders will help India's drive for strong, future-ready energy infrastructure and make significant contributions to its desired expansion trajectory
Arvind Fashions Reports Loss Despite Growth.
In the March quarter, Arvind Fashions, the Indian parent company of Tommy Hilfiger and Calvin Klein, reported a net loss of 0.9 bn, down from a net profit of 0.2 bn in the same period the previous year.
Despite an 18% increase in EBITDA to Rs 1.6 bn and a 9% increase in revenue to Rs 11.9 bn, the company reported a loss.
Operating margins surged from 12.3% to 13.3% over the previous year, indicating better brand performance and cost control.
The company's board of directors have recommended a dividend of Rs 1.6 per share for FY25, shareholder's approval in upcoming annual general meeting.
Arvind Fashion's MD and CEO Shailesh Chaturvedi said that the company performed well despite low demand and remained focused on profitable growth through retail and digital expansion.
Sun Pharma Gets Device Approval Boost
Sun Pharma shares will be in focus after the company received USFDA approval for its new device to treat precancerous skin conditions.
It received USFDA approval for its upgraded Blue Light Photodynamic Therapy device, which treats precancerous skin lesions (actinic keratoses) when used with a specific topical treatment (LEVULAN KERASTICK).
Actin keratosis is a skin condition caused by prolonged sun exposure, leading to rough, scaly patches that cam turn into skin cancer if not treated.
Sun Pharma's new BLU-U device uses modern LED technology, making it smaller and easier to use than the older model.
Device got approved quickly through the USFDA's Real-Time Review Program, showing strong collaboration with the agency.
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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity ...
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