News for Jaiprakash Associates Limited (JPASSOCIAT.NS)

The Enforcement Directorate on Friday conducted multiple searches as part of a money laundering probe against Jaypee Infratech, Jaiprakash Associates and some others in a Rs 12,000 crore worth homebuyers 'fraud' case, official sources said.

GTL Infrastructure Ltd, Shree Renuka Sugars Ltd, ZEE Media, Zomato and SAIL were some of the stocks leading the NSE turnover chart, data available on active NSE stocks suggested.

Ambuja Cements, owned by Adani Group, saw an investment boost from GQG Partners, increasing their stake to 2.04%. Shares rose 4% following the deal. The Adani Group plans to raise Rs 30,000 crore by selling shares in its listed firms. Adani is aggressively expanding its cement business to challenge market leader UltraTech.

Glenmark Life Sciences, Hindustan Unilever, and Lux Industries saw their shares rise as Nifty and Sensex dropped over 3% on Monday. Glenmark soared 6.3%, Lux Industries increased 5.5%, and other stocks like Marico and Britannia posted gains. Market volatility persists amid global economic concerns and geopolitical tensions.

The rally in microcap stocks, according to Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities, has been on the back of growth in earnings in a lot of these companies

NSE restricts securities accepted as collateral for margin trading, raising concerns among traders and investors.

The Indian benchmark equity indices recovered from their losses on counting day and recorded their highest close on Friday as heavyweights led the rally. The NSE Nifty 50 closed 468.75 points or 2.05%, up at 23,290.15, while the S&P BSE Sensex closed 1,618.85 points or 2.16%, higher at 76,693.36.

Jaiprakash Associates Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 17,409.3 million compared...

Jio Financial Services shares were up 3.57 per cent at Rs 383.30 post its March quarter results. Nalco Ltd recoded volume of 2,59,64,210 shares while Tata Steel registered volume of 2,02,10,393 shares.

Dalmia's acquisition of Jaiprakash Associates Limited's assets has faced delays, despite being announced over a year ago. The main hurdle seems to be the lack of approval from lenders, with more than 30 banks involved. Nomura Research sees National Asset Reconstruction Company Ltd (NARCL)'s bid as positive progress and anticipates the deal closing in the second half of FY25.

IREDA shares climbed 9.76 per cent to 173.80, as 8,72,00,178 shares worth Rs 1,489 crore changing hands. IREDA has recorded highest ever loan sanctions at Rs 37,354 crore in FY24.

Stocks to watch: Check out the companies making headlines before the opening bell today, on April 5, 2024.

In terms of levels, immediate resistance for Nifty 50 is notable at 22,800, a significant level on higher time frames, with further resistance observed at 23,170 and 23,400.

NMDC, Punjab National Bank, BHEL, Union Bank of India, NHPC are likely to be added to MSCI Standard index, as per the calculations done by Nuvama

The 30-share BSE Sensex pack rose 66 points or 0.10 per cent to trade at 66,539, while the broader NSE Nifty moved 19 points or 0.09 per cent up to trade at 19,830. Mid- and small-cap shares were positive as Nifty Midcap 100 climbed 0.26 per cent and small-cap gained 0.48 per cent.

For nearly 20,000 Jaypee Infratech Limited (JIL) homebuyers, who have been waiting for the hand over of their flats for more than 13 years, a ray of hope has emerged as the work on at least 59 unfinished towers in the erstwhile 'ghost town' begins to speed up.

Nifty inched higher to levels just below 19600, while Sensex added 232 points and closed at 65,953. Sectorally, healthcare and IT indices led the gains

A short build-up was seen in 74 stocks, including Vedanta, RBL Bank, Godrej Properties, L&T Finance Holdings, and Berger Paints. An increase in OI along with a fall in price points to a build-up of short positions

Buzzing stocks: Reliance Industries, Vedanta, Deccan Gold, CDSL, SBI, HDFC Bank, Union Bank of India, Adani Enterprises, Exide Industries, IOC, Suzlon Energy, Tata Motors, PNB, Hindustan Zinc, Ramco Cements, Prism Johnson, Som Distilleries, Xpro India, Samvardhana