IT, Metals drag Sensex 236 pts down; Delhivery rises 10%, Zomato 15%

CLOSING BELL: On the NSE, the Nifty50 shut shop at 16,138, down 77 points or 0.47 per cent

4:06 PM

Technical View: Rupak De, Senior Technical Analyst at LKP Securities

Nifty remained directionless during the day leading to volatility in the market. On the higher end, 16400 is likely to remain a resistance over the near term. Support on the lower end remains at 16000-16020. Going ahead, the volatility may continue over the near term. Any decisive breakout above 16400 may induce a strong directional move in the market.

4:01 PM

Market view: Vinod Nair, Head of Research at Geojit Financial Services

Anxiety of slowing economy & rising interest rates underpinned by soaring inflation continued to haunt the global market. The UK and Eurozone composite PMI registered the slowest rise in business activity in the month of May, worsening global investor risk sentiment. On the domestic front, while all major sectors succumbed to the pressure, the auto sector bucked the market trend this month gaining on fuel price cut and rise in steel custom duty.

3:59 PM

Closing bell: Over 2,000 stocks declined whereas 1,036 advanced

3:53 PM

Closing bell: Adani Power, Coromandel International claim fresh 52-week high

3:46 PM

Closing bell: Divi's Lab, Tech Mahindra, Grasim top Nifty 50 losers

3:42 PM

Closing bell: Dr Reddy's, HDFC, Kotak Bank top Nifty 50 gainers

3:39 PM

Closing bell: Nifty Media worst sectoral performer

3:37 PM

Closing bell: Smallcaps underperform Midcaps; India Vix climbs above 9%

3:36 PM

Closing bell: Barring BFSI and auto, all sectors slip in red

3:34 PM

Closing bell: 10 out of 30 Sensex stocks close in positive territory

3:33 PM

Closing bell: Over 200 points downfall for Sensex

3:32 PM

Closing bell: Nifty 50 closes below 16,150 levels

3:28 PM

Cement stocks lose steam; Shree Cements hits 52-week low

3:23 PM

Auto stocks defy market mood; Ashok Leyland up over 4%

3:13 PM

Media stocks bleed; PVR, Inox Leisure shed up to 6%

3:08 PM

Alembic Pharma gets USFDA approval to market Pirfenidone tablets

Alembic Pharmaceuticals said it has received approval from the US health regulator to market Pirfenidone tablets used to treat lung disease in the American market. READ HERE

3:01 PM

Manappuram Finance hits lowest level since March 2020; slips 25% in 1 month

For January-March quarter (Q4FY22), Manappuram Finance reported 44 per cent year on year (YoY) decline in its consolidated net profit at Rs 261 crore due to higher operating expenses. It had posted a profit of Rs 468 crore in the year-ago quarter (Q4FY21). READ MORE

3:00 PM

Bank of India surges over 2% post strong Q4 results

2:51 PM

Quad Summit 2022 :: PM Modi, US Prez Biden hold talks on investment, defence

2:43 PM

IPO Update :: eMudhra subscribed over 2x on final day

2:34 PM

OYO plans IPO after September, may settle for lower valuation of $7-8 bn

OYO is looking to launch its initial public offer after September and has written to stock market regulator Sebi, seeking to file updated and restated consolidated financial information. Read more

2:25 PM

LIC to announce Q4 results on May 30; mull dividend payment

source: BSE filing

 

2:12 PM

European markets trade with cuts tracing weak sentiment

source: finance.yahoo.com

2:05 PM

BSE 500:: Stocks falling significantly from the highs of the day

Balrampur Chini has slumped 10 per cent from its high of the day. Jindal Stainless, CreditAccess Gramin, JSW Energy and Equitas Holding were some of the other stocks to have lost significant ground from the respective highs' of the day.

1:57 PM

NEWS ALERT :: Govt may limit sugar exports, reports Bloomberg

>> Decision likely in view of new risk to global food prices

 

>> Govt may cap sugar exports at 10 mt for the year ending September

 

1:53 PM

BSE 500:: Stocks recovering smartly from the lows of the day

Sundaram Clayton, SKF India, Dr Lal Pathlabs, Bharat Electronics and VIP Industries were some of the notable stocks to have gained considerable ground from their respective lows of the day so far.

1:44 PM

With market indicators in red, is the end of the bitcoin winter nigh?

Bitcoin is drawing strength from the rest of the crypto market, for example, its relative stature providing some comfort for investors fleeing altcoins. READ MORE

1:35 PM

BSE 500:: Volume Shockers

Shilpa Medicare has logged mani-fold jump in volume when compared with its last five-day average volume. Cholamandalam Investment, Hikal, Shriram Transport and eClerx Services were the other prominent stocks to witness unusually high volume in trades so far on Tuesday.

1:27 PM

Sharda Cropchem hits new high on strong business outlook; stock surges 10%

Analysts expect the company to show high growth momentum, strong balance sheet, free cash-flows and strong return ratios over FY22-24. READ MORE

1:17 PM

Strong volume growth trajectory, domestic biz outlook to support Concor

A key factor for the stock going ahead is the volume and margin trajectory. The company is optimistic about growth going ahead and has a target of achieving a volume of 5 million twenty-foot equivalent units or TEUs in FY23 on the back of a 10-12 per cent growth in the export import segment and 25 per cent rise in the domestic segment. READ MORE