Top gainers & losers in closing trade
Price as on 31 May, 2023 03:36 PM, Click on company names for their live prices.
03:34 PM
Closing Bell: Sensex snaps 4-day streak, ends 347 pts lower; Nifty below 18,550; Suzlon Energy rallies 10%, ONGC drops 5%
03:19 PM
Lupin receives approval from U.S. FDA for Obeticholic Acid Tablets
Price as on 31 May, 2023 03:19 PM, Click on company names for their live prices.
03:06 PM
BLOCK DEAL | ONGC’s 16.6 lakh shares change hands; shares fall 2%
Price as on 31 May, 2023 03:06 PM, Click on company names for their live prices.
03:01 PM
European shares touch two-month low on dismal China data
European shares hit an over two-month low on Wednesday as weak economic data from China fuelled concerns about a global slowdown and countered optimism from signs of easing inflation in some of the major euro zone economies. The pan-European STOXX 600 index fell 0.7% to hit its lowest level since March 31.
02:45 PM
The consultation paper floated by SEBI on additional disclosures by FPIs is welcome and can go a long way in bringing transparency in high risk FPI. It is clear that this consultation paper has its genesis in the Adani stocks issue where SEBI couldn’t identify the beneficial owners of some foreign portfolio investments in Adani stocks since the existing regulations are lax in identifying the true owners of many investments. The proposed guidelines are welcome. Stocks where FPI investments are properly disclosed have nothing to worry about.
– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
02:24 PM
BPCL’s R&D center revolutionizes the fuel industry with breakthrough innovations and patents (Agencies).
Price as on 31 May, 2023 02:24 PM, Click on company names for their live prices.
01:54 PM
Fitch Ratings has revised the outlook on India-based Oravel Stays (OYO) long-term foreign and local currency IDRs to positive from stable, while affirming the ratings at ‘B-‘.
01:51 PM
Rosneft’s Q1 net profit up 45.5% Q/Q to $4 billion, beating forecast
First-quarter net profit of Russia’s largest oil producer Rosneft rose by 45.5% from the previous three months to 323 billion roubles ($4 billion) on the back of rising output, the company said on Wednesday, exceeding expectations. Rosneft, headed by Igor Sechin, a long-standing ally of President Vladimir Putin, has shown resilience in the face of Western sanctions by redirecting its oil flows from Europe to Asia amid a wider political fallout.
01:38 PM
Pharma stocks defy market mood, rise up to 6%
Price as on 31 May, 2023 01:38 PM, Click on company names for their live prices.
01:32 PM
An update on Vedanta Resources’ debt reduction
01:21 PM
Shares of Macrotech Developers (formerly Lodha Developers) have gained nearly 3% on the day of ex-bonus. The stock was last up 2.57% at Rs 539 apiece on NSE. Macrotech Developers had earlier announced a bonus issue of equity shares to investors in the proportion of 1:1. The company has fixed May 31 as the record date to determine the eligibility of shareholders for the same.
Price as on 31 May, 2023 01:21 PM, Click on company names for their live prices.
12:54 PM
Adani Ports & Special Economic Zone Ltd.’s auditor said insufficient disclosures over certain transactions means it can only issue a qualified opinion on the company’s accounts, returning the spotlight to allegations made by short seller Hindenburg Research on Gautam Adani’s empire.
Price as on 31 May, 2023 12:54 PM, Click on company names for their live prices.
12:53 PM
IT stocks stand their ground in a weak market. Check out top gainers
| Cyient Ltd. | 1314.95 | 33.30 (2.60%) | |
| Coforge Ltd. | 4481.70 | 81.55 (1.85%) | |
| Tata Elxsi Ltd. | 7546.50 | 124.50 (1.68%) | |
| Tech Mahindra Ltd. | 1113.65 | 15.25 (1.39%) | |
| Persistent Systems Ltd. | 5130.00 | 57.65 (1.14%) |
Price as on 31 May, 2023 12:53 PM, Click on company names for their live prices.
12:14 PM
India government appoints Ashwani Kumar as MD,CEO of UCO Bank for 3 years
Price as on 31 May, 2023 12:14 PM, Click on company names for their live prices.
12:13 PM
Bank stocks slip, check out top 5 losers
| Axis Bank Ltd. | 918.50 | -18.95 (-2.02%) | |
| Ujjivan Small Finance Bank Ltd. | 36.00 | -0.70 (-1.91%) | |
| State Bank of India | 581.80 | -11.00 (-1.86%) | |
| HDFC Bank Ltd. | 1612.45 | -24.30 (-1.48%) | |
| RBL Bank Ltd. | 160.65 | -2.35 (-1.44%) |
Price as on 31 May, 2023 12:13 PM, Click on company names for their live prices.
12:06 PM
Sectoral Watch | Financial indices drop over 1%
11:55 AM
Market live updtaes: Sensex tanks nearly 550 points!
11:13 AM
Poonawalla Fincorp gets RBI nod for sale of housing fin arm
| Poonawalla Fincorp Ltd. | 343.30 | 3.35 (0.99%) |
Price as on 31 May, 2023 11:13 AM, Click on company names for their live prices.
11:07 AM
Dixon Technologies (India) proposes to partner with Xiaomi India for manufacturing and exporting mobile phones from India; stock jumps 5%
| Dixon Technologies (India) Ltd. | 3863.65 | 181.35 (4.92%) |
Price as on 31 May, 2023 11:07 AM, Click on company names for their live prices.
11:01 AM
Check out top 10 losers from metals pack
| Hindalco Industries Ltd. | 408.35 | -4.75 (-1.15%) | |
| National Aluminium Company Ltd. | 83.60 | -0.60 (-0.71%) | |
| Hindustan Zinc Ltd. | 305.70 | -0.95 (-0.31%) | |
| APL Apollo Tubes Ltd. | 1103.60 | -10.65 (-0.96%) | |
| Ratnamani Metals & Tubes Ltd. | 2303.60 | -21.50 (-0.92%) | |
| JSW Steel Ltd. | 698.35 | -6.25 (-0.89%) | |
| Jindal Steel & Power Ltd. | 518.55 | -4.25 (-0.81%) | |
| Mishra Dhatu Nigam Ltd. | 217.60 | -1.25 (-0.57%) | |
| Steel Authority of India (SAIL) Ltd. | 82.75 | -0.45 (-0.54%) | |
| Tata Steel Ltd. | 106.60 | -0.45 (-0.42%) |
Price as on 31 May, 2023 11:01 AM, Click on company names for their live prices.
10:55 AM
Defence PSU firm Mazagon Dock Shipbuilders’ shares rose 5% to Rs 842 in Wednesday’s intraday trade after the company’s net profit more than doubled to Rs 326 crore in Q4FY23 as against Rs 159 crore in the same quarter of last year.
| Mazagon Dock Shipbuilders Ltd. | 815.40 | 15.65 (1.96%) |
Price as on 31 May, 2023 10:55 AM, Click on company names for their live prices.
10:45 AM
JSW Steel Vijayanagar becomes the first manufacturer to achieve GreenPro Ecolabel for its ‘Automotive Steel’ Products.
| JSW Steel Ltd. | 696.95 | -7.65 (-1.09%) |
Price as on 31 May, 2023 10:45 AM, Click on company names for their live prices.
10:39 AM
Adani Transmission, Adani Total Gas falls 3-4% on MSCI exclusion
Price as on 31 May, 2023 10:39 AM, Click on company names for their live prices.
10:36 AM
The full achievement of the 18660 objective quickly prompted a pull back, but the patterns formed thereof do not appear to signal a full blown correction. At Least Not yet. This encourages us to stick with the 19070 trajectory. Minor pull back events are still possible, but they are less likely to be meaningful at least until either 18750 or 18888 is seen. For now, we will have 18575 as the downside marker, with 18530-18430 seen as near side supports.
– Anand James, Chief Market Strategist at Geojit Financial Services
10:33 AM
Torrent Pharma in an uptrend after Q4 show
10:14 AM
Landmark Cars receives a letter of intent from MG Motor India for opening dealerships in Indore and Bhopal
Price as on 31 May, 2023 10:14 AM, Click on company names for their live prices.
09:57 AM
Market live updates: Sensex falls 300 points!
09:55 AM
Suzlon Energy on Tuesday posted a consolidated net profit of Rs 320 crore for the three months ended March quarter on lower expenses. The company had posted a consolidated net loss of Rs 205.52 crore in the year-ago period, according to a regulatory filing. Consolidated net profit for FY23 stood at Rs 2852 crore against a net loss of Rs 258 crore in FY22.
Price as on 31 May, 2023 09:55 AM, Click on company names for their live prices.
09:50 AM
India’s government is poised to deny crucial funding for billionaire Anil Agarwal’s chip venture, a setback for a $19 billion push to make semiconductors in the country. The government is likely to tell the venture between Agarwal’s Vedanta Resources Ltd. and Taiwan’s Hon Hai Precision Industry Co. it won’t get incentives to make 28-nanometer chips, people familiar with the matter said.
Price as on 31 May, 2023 09:50 AM, Click on company names for their live prices.
09:46 AM
Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Improving economic fundamentals along with sustained FPI buying will help the market to slowly reach new record highs. The GDP data expected today is likely to show FY 24 growth rate to be around 7%. If it comes slightly above 7%, that can further aid the market momentum. FY 24 average CPI inflation is expected at 5.2% and if the monsoon is normal and food inflation under control, the MPC will have the elbow room to cut rates by end 2023. These are emerging positives for the market.FPI flows are now moving more to India, South Korea and Taiwan where growth and corporate earnings prospects are bright. Sustained FPI flows can take the markets higher and into over-valued territory if new Nifty records are set. Some profit booking at new record level can be considered. Aggressive buying at this stage will be risky even in this resilient market.
09:39 AM
Himadri, global speciality chemical conglomerate makes strategic investment in Sicona Battery Technologies, Australia.
Price as on 31 May, 2023 09:39 AM, Click on company names for their live prices.
09:38 AM
1.7% equity block deal in HDFC Life (pre-open)
Price as on 31 May, 2023 09:38 AM, Click on company names for their live prices.
09:38 AM
EARNINGS IMPACT | Patanjali Foods has recorded 13% growth in its standalone net profit at Rs 264 crore for the three months ended March period. Revenue from operations during the quarter under review rose 18% to Rs 7,873 crore.
Price as on 31 May, 2023 09:38 AM, Click on company names for their live prices.
09:38 AM
EARNINGS IMPACT | Mankind Pharma Ltd reported a 50% year-on-year (YoY) growth in consolidated net profit for the March quarter to Rs 285 crore. Revenue from operations grew nearly 19% on year to Rs 2,053 crore.
Price as on 31 May, 2023 09:38 AM, Click on company names for their live prices.
09:20 AM
Rupee falls 6 paise to 82.73 against US dollar in early trade.
09:20 AM
Top movers in morning trade
Price as on 31 May, 2023 09:20 AM, Click on company names for their live prices.
09:18 AM
Opening Bell: Sensex falls over 150 pts, Nifty below 18,600; Adani Total drops 4%, SBI 2%
09:10 AM
09:08 AM
Pre-open session: Sensex slips 130 points; Nifty below 18,590
09:02 AM
Markets may see a cautious opening with a slightly negative bias in Wednesday trades amid weak global cues, with sentiments a bit dented on fears that a debt-ceiling deal could be derailed. Vote on the deal to raise the $31.4 trillion debt ceiling could be announced later today. However, the key positive takeaways are Nifty trading at a 5-month high and, most importantly, the sequence of higher highs is intact, while Bank Nifty has scaled fresh all-time-highs, RIL market cap has surged past Rs 17 lakh crore mark. Investors will also keep an eye on the Q4 GDP numbers to be announced later today, which will provide some sense on where the economy is headed in the near to medium term.
– Prashanth Tapse, Senior VP (Research), Mehta Equities
08:52 AM
BROKERAGE RADAR | BOFA ON INDIA STRATEGY (Q4FY23)
- Sensex/Nifty beat expectations by growing 24% & 23% respectively
- Despite slowing topline growth (fading base effect), margin expansion drove earnings
- Index beat was driven by Energy (led by RIL), and Financials (led by banks)
- IT saw higher misses; Materials dragged earnings growth
- Earnings cuts for Materials, Telecom; Autos see upgrades
08:44 AM
SEBI’s consultation paper on additional disclosures from FPIs; here are the details
07:27 AM
Markets Live Updates: SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 44 points, or 0.23 per cent, lower at 18,686, signaling that Dalal Street was headed for negative start on Wednesday.
07:26 AM
Tech View: Nifty consolidation not over yet
Nifty on Tuesday formed a bullish candle on the daily charts to give the highest daily close of the last 112 sessions. “Now it has to hold above 18,550 zones, for an up move towards 18,750 and 18,888 zones while on the downside support exists at 18,550 and 18,442 zones,” said Chandan Taparia of Motilal Oswal.
07:26 AM
Markets Live Updates: Tokyo stocks open lower
Tokyo stocks opened lower Wednesday after a mixed close on Wall Street as investors weighed the risk of a US debt default. The benchmark Nikkei index slipped 0.94 percent, or 294.11 points, to 31,034.05, in early trade, while the broader Topix index fell 0.81 percent, or 17.54 points, to 2,141.68.
07:26 AM
US shares close mixed, Nvidia’s 3% rise offsets debt ceiling jitters
Stocks on Wall Street closed mixed on Tuesday, pressured by worries about U.S. lawmakers opposed to a deal to raise the $31.4 trillion debt ceiling, but supported by another surge in Nvidia shares that briefly lifted the chipmaker into the rare club of companies valued at $1 trillion.
07:26 AM
Rupee falls 4 paise against US dollar
The rupee depreciated by 4 paise to 82.67 against the US dollar on Tuesday as the strength of the American currency in the overseas market weighed on investor sentiments.
07:25 AM
Markets Live Updates: Oil edges up after steep losses ahead of US debt ceiling vote
Oil prices edged up on Wednesday after steep losses in the prior session, as market participants awaited an expected vote on a bipartisan deal to lift the $31.4 trillion U.S. debt ceiling.
07:25 AM
Sensex, Nifty on Tuesday
The 30-share BSE benchmark Sensex surged 123 points or 0.20% to settle at 62,969. The broader NSE Nifty rose 35 points or 0.19% to end at 18,634.
07:24 AM
Good morning, dear reader! Here’s something to kickstart your trading day
Top Gainers Stocks for Today
| Company Name | High | Low | Last Price | Prev Close | Change | % Gain | 5 Day Performance |
|---|---|---|---|---|---|---|---|
| Bharti Airtel | 860.00 | 818.00 | 859.80 | 818.45 | 41.35 | 5.05 | |
| Kotak Mahindra | 2,045.95 | 1,953.90 | 2,036.85 | 1,974.70 | 62.15 | 3.15 | |
| Britannia | 4,678.90 | 4,565.25 | 4,667.45 | 4,573.25 | 94.20 | 2.06 | |
| Sun Pharma | 979.30 | 960.75 | 976.75 | 959.60 | 17.15 | 1.79 | |
| SBI Life Insura | 1,236.95 | 1,211.95 | 1,235.65 | 1,215.90 | 19.75 | 1.62 | |
| Asian Paints | 3,219.35 | 3,136.45 | 3,194.85 | 3,144.40 | 50.45 | 1.60 | |
| Tata Motors | 527.50 | 516.40 | 527.00 | 518.80 | 8.20 | 1.58 | |
| Tata Motors | 527.50 | 516.40 | 527.00 | 518.80 | 8.20 | 1.58 | |
| Tech Mahindra | 1,127.45 | 1,096.00 | 1,114.35 | 1,098.40 | 15.95 | 1.45 | |
| HDFC Life | 603.70 | 584.25 | 593.50 | 585.15 | 8.35 | 1.43 | |
| TATA Cons. Prod | 800.00 | 787.05 | 798.70 | 790.90 | 7.80 | 0.99 | |
| BPCL | 366.45 | 360.20 | 363.55 | 360.40 | 3.15 | 0.87 | |
| HUL | 2,680.00 | 2,638.00 | 2,679.55 | 2,656.55 | 23.00 | 0.87 | |
| HCL Tech | 1,153.35 | 1,132.10 | 1,144.85 | 1,135.85 | 9.00 | 0.79 | |
| Titan Company | 2,832.10 | 2,790.10 | 2,820.95 | 2,802.50 | 18.45 | 0.66 | |
| Adani Ports | 749.00 | 721.30 | 738.30 | 734.05 | 4.25 | 0.58 | |
| Nestle | 21,858.35 | 21,515.00 | 21,689.20 | 21,574.45 | 114.75 | 0.53 | |
| Apollo Hospital | 4,731.00 | 4,525.00 | 4,617.05 | 4,599.15 | 17.90 | 0.39 | |
| Wipro | 404.80 | 400.50 | 403.70 | 402.50 | 1.20 | 0.30 | |
| ICICI Bank | 951.70 | 940.50 | 950.75 | 949.95 | 0.80 | 0.08 |
