Stock Market News Today Live Updates: Nifty Tops 24,290 And Sensex Gains Nearly 1,000 Points; West Bengal-Linked Stocks Gain After BJP Crosses Halfway Mark

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• Nifty rose as much as 1.12% to 24,290 in the latest market update.
• Sensex climbed 1.3%, or 997 points, to 77,910.
• The move shows gains extending after a higher start to the session.

• Trends from Tamil Nadu show TVK leading in 69 seats, ADMK in 68 seats and DMK in 61 seats. Others are ahead in 1 seat.
• The majority mark in the 234-member Assembly is 118.
• The current tally shows 35 seats still awaited.

Catch all the live updates here.

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Indian markets opened higher on Monday. Nifty rose as much as 1.03% to 24,245.85, while the Sensex climbed 1.1%, or 833 points, to 77,746.79.

• Ashok Leyland’s total sales rose 9% year-on-year to 14,646 units in April, according to an exchange filing.
• Domestic sales increased 14% to 14,242 units. Medium and heavy commercial vehicle sales rose 4% to 8,302 units, while light commercial vehicle sales grew 16% to 6,344 units.
• Total sales were below an estimate of 15,150 units.

• Bajaj Auto’s total sales rose 40% year-on-year to 5.13 lakh units in April, ahead of an estimate of 3.91 lakh units, according to an exchange filing.
• Two-wheeler sales increased 38% to 4.39 lakh units, while three-wheeler sales rose 54% to 73,839 units.
• Domestic sales grew 13% to 2.48 lakh units and exports jumped 83% to 2.65 lakh units.

• Total cargo handled in April rose 15% year-on-year to 43.1 MMT, according to an exchange filing.
• Container volume and dry cargo volume both increased 17% from a year earlier.

• The rupee opened lower and fell as much as 0.07%, or 6 paise, against the US dollar.
• The currency was at 94.98 in early trade.

Nifty moved above 24,000 in pre-open trade, while the Sensex rose more than 600 points

• Indian markets are set for a positive start, with Asian markets opening in the green. Markets in Japan and China are closed.
• Investors are tracking US President Donald Trump’s ‘Project Freedom’, under which the US will escort ships through the Strait of Hormuz. Iran is reviewing a US proposal.
• Crude prices fell for a third straight session, while OPEC agreed to a modest production increase in June. Foreign institutional investors remained net sellers in the cash market for a ninth straight day, while their short positions were at 89% against 87%.

• West Bengal-linked stocks on the watchlist include GRSE in defence; Titagarh Rail and Texmaco Rail in railways; Senco Gold in jewellery; and Coal India among PSUs.
• Consumer and retail names in focus include Emami, ITC, Speciality Restaurants, Vishal Mega Mart, Britannia and Tata Consumer. Apparel stocks on the list include Vedant Fashions, Lux, Dollar and Rupa.
• Other names being tracked include UCO Bank and Bandhan Bank, Greenpanel, Greenply, Century Ply, Skipper, Somany Ceramics, Himadri Speciality, PCBL, Balrampur Chini Mills, Shree Cement, Hind Copper, Graphite India, Shyam Metaliks, Bata, Berger Paints, Ramkrishna Forgings, Emami Realty and Vikram Solar.

• Stocks in focus on the upside include Indus Towers and Vodafone Idea after the DoT finalised AGR dues at Rs 64,046 crore for Vodafone Idea; Dixon Technologies and Amber after FDI rules were notified; and Gravita India and other recycling stocks after the government moved on critical mineral security.
• Ramkrishna Forgings is in focus for its plan to enter the forged wheels business with a Rs 2,000 crore plant in Chennai. Siemens and NCC are tracking order wins. Tata Power plans to invest Rs 6,500 crore in a 10 GW photovoltaic ingot and wafer facility. Tech Mahindra will acquire an 85% stake in Alluri Tech for CAD 28 million.
• Aurobindo Pharma is in focus after its arm received Health Canada approval for a cancer drug. Bombay Dyeing’s arm launched a residential tower in Mumbai with revenue potential of Rs 6,500 crore. Ceigall India’s joint venture won a Rs 918 crore Jaipur Metro Phase-II contract. On the downside, Coal India, Bharat Coking Coal and NMDC are in focus after weak April operational data, while Alkem Laboratories is tracking seven US FDA observations for its Daman plant.

• HSBC maintained Buy and raised its target price to Rs 1,400 from Rs 1,200. Jefferies maintained Hold and raised its target price to Rs 1,120 from Rs 1,005. Morgan Stanley maintained Underweight with a target price of Rs 819.
• Brokerages said Q4 volume growth, margin expansion and the approved buyback were key factors in the quarter.
• HSBC pointed to lower competition after supply disruption in the unorganised market, while Jefferies and Morgan Stanley flagged competition and Middle East-related risks to gas, labour and exports.

• CLSA maintained High Conviction Outperform and raised its target price to Rs 580 from Rs 560. Citi maintained Buy with a target price of Rs 530. BofA reiterated Underperform and raised its target price to Rs 370 from Rs 350.
• Brokerages said Q4 operating performance was broadly in line and tenancy additions improved.
• They also highlighted the return of dividends, while BofA said visibility on a steady payout remains limited.

• Jefferies said the margin funding book rose 9% month-on-month to Rs 1.15 lakh crore in April after two months of decline.
• The brokerage said equity options turnover fell 25% from March, while demat account openings slowed to 22 lakh from 28 lakh.
• It named Groww and ICICI AMC as its top picks in the capital markets space.

• Jefferies maintained Buy on KFin Tech and cut its target price to Rs 1,125 from Rs 1,200.
• The brokerage said Q4 EBITDA was above estimates, while FY27 guidance disappointed the market but may be conservative.

• Morgan Stanley maintained Overweight on Mphasis and cut its target price to Rs 2,730 from Rs 3,410. Jefferies maintained Hold and raised its target price to Rs 2,490 from Rs 2,450.
• Morgan Stanley said management gave strong guidance and pipeline visibility remains high.
• Jefferies said Q4 revenue was in line, margins were above estimates and deal bookings rose year-on-year.

• HSBC maintained Buy and raised its target price to Rs 1,400 from Rs 1,200. Jefferies maintained Hold and raised its target price to Rs 1,120 from Rs 1,005. Morgan Stanley maintained Underweight with a target price of Rs 819.
• Brokerages said Q4 volume growth, margin expansion and the approved buyback were key factors in the quarter.
• HSBC pointed to lower competition after supply disruption in the unorganised market, while Jefferies and Morgan Stanley flagged competition and Middle East-related risks to gas, labour and exports.

• HSBC maintained Buy and raised its target price to Rs 1,950 from Rs 1,800. Jefferies maintained Buy and raised its target price to Rs 1,980 from Rs 1,825. Goldman Sachs maintained Buy with an unchanged target price of Rs 1,710.
• Brokerages said Q4 EBITDA was ahead of or in line with estimates, with growth supported by domestic ports, logistics, marine and international operations.
• They also pointed to FY27 guidance and FY31 targets for revenue, EBITDA and return on capital employed.

• Morgan Stanley maintained Overweight and raised its target price to Rs 1,819 from Rs 1,765. Citi maintained Buy and raised its target price to Rs 1,700 from Rs 1,650. Kotak retained Buy and raised its target price to Rs 1,800 from Rs 1,750.
• Brokerages said Q4 revenue growth picked up, test volumes increased and management raised FY27 revenue growth guidance to 13% to 15%.

• Morgan Stanley kept Equal-weight and raised its target price to Rs 2,480 from Rs 2,372. Citi maintained Buy and cut its target price to Rs 2,750 from Rs 2,850.
• BofA reiterated Neutral and raised its target price to Rs 2,355 from Rs 2,330. Jefferies maintained Buy with an unchanged target price of Rs 2,850, while Macquarie kept Outperform with a target price of Rs 2,860.
• Brokerages said FY27 growth could be higher than FY26, with pricing actions and cost savings helping manage raw material inflation.

• Morgan Stanley maintained Overweight on Avenue Supermarts with a target price of Rs 5,188, while Citi kept Sell and raised its target price to Rs 3,650 from Rs 3,150.
• Morgan Stanley said like-for-like growth of 10.8% was ahead of estimates and supply chains have not seen disruption so far.
• Citi said a demand spike supported Q4, but flagged pressure on profitability and said store expansion expectations are already reflected.

• Crude oil prices were steady on Monday after falling in the previous session.
• US West Texas Intermediate traded near $101 a barrel, while Brent crude stayed above $108.
• Markets weighed a US plan to move stranded ships out of the Strait of Hormuz against signs of renewed contact between Washington and Tehran.

• Asian equities started the week on a mixed note. South Korea’s Kospi rose 2.38% to 6,755.86, while Australia’s S&P/ASX 200 slipped 0.03% to 8,726.90.
• Trading was thin, with markets in Japan and China shut for a public holiday.

• GIFT Nifty traded at 24,265.00, higher than Nifty’s Friday close of 23,997.55, indicating a gap-up start for Indian markets.
• Investors will track vote counting in the Assembly elections in West Bengal, Tamil Nadu, Kerala, Assam and Puducherry.
• The results are likely to be in focus through the session as markets open for the week.