Nifty, Sensex Continues to Rally - Monday Closing Report
Moneylife Digital Team 08 April 2024
On Monday, 1898 stocks advanced, 2033 declined and 124 remained unchanged, with an advance decline ratio of 0.93 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets. The trend of the major indices on Monday’s trading is given in the table below. 
 
 
On NSE, 155 securities advanced and closed at a new 52-week high whereas 5 securities sank to close at their new 52-week lows.  In sectoral indices, Nifty Auto, Nifty Energy and Nifty Infrastructure were among the biggest gainers. Nifty Metal, Nifty Media and Nifty IT were among the biggest losers. 
 
Jindal Stainless (-0.17%) subsidiary -- Jindal Lifestyle has launched the first premium cookware range under its Arttd'inox lifestyle brand.
 
Ddev Plastiks Industries (-0.19%) has received board’s approval to incorporate wholly owned subsidiary in the kingdom of Saudi Arabia (KSA), subject to the statutory requirements/approval, with an initial investment of Rs25 crore.
 
Jana Small Finance Bank (+1.35%) has partnered with Kotak Mahindra Life Insurance Company to offer life insurance to the customers of the bank.
 
Rail Vikas Nigam (+0.09%) has received Letter of Acceptance (LoA) worth Rs47.36 crore from Central Railway for signalling and telecommunication work for provision of automatic block signaling on Khapri- Sewagram Section of Nagpur Division. The order is to be executed within 12 months.
 
Capri Global Capital (+1.08%) has achieved a remarkable 75% year-on-year (y-o-y) growth in new car loans and disbursed over Rs10,000 crore to around 94,000 customers in FY23-24.
 
Axis Bank’s (+1.69%) subsidiary -- Axis Mutual Fund (Axis MF) has partnered with Enparadigm, an AI-driven experiential learning and talent intelligence solutions company, for exclusive learning journeys, to elevate the performance and productivity of their frontline, mid and, to an extent, senior employees.
 
Gland Pharma (+5.73%) has received approval from the United States Food and Drug Administration (USFDA) for Eribulin Mesylate Injection, 0.5 mg/mL Single Dose Vial (Product).
 
Trident Lifeline has received approval for incorporation of a wholly owned subsidiary with the proposed name ‘TLL Elements’ of the company. This entity will be positioned as a company for all types of cosmetic and herbal products.
 
Godrej Properties (GPL) (+3.69%) has sold over 1050 homes worth over Rs3,000 crore in its project, Godrej Zenith, located in Sector 89, Gurugram.
 
The Reserve Bank of India (RBI) has imposed a penalty of Rs49.70 lakh on LIC Housing Finance for non-compliance with Parra 80.1 (part) and 85.6 of the RBI Master Directions.
 
Aadhaar Housing Finance received SEBI approval for Rs5,000 crore IPO.
 
TSMC received $11.6 billion in U.S. grants, loans for three chip plants.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
 
The closing values of the major Asian indices are given in the table below:
 
 
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