Sensex ends 372 pts lower, trims losses in late deals; Smallcaps outperform

CLOSING BELL ON MAY 17: The NSE Nifty 50 shed over 100 points to settle at 18,182. The BSE Smallcap index outperformed and ended 0.2 per cent higher.

4:02 PM

Comment :: 'Maintain focus on stock selection, overnight risk management'

As global markets are not offering any cue, the performance of the key sectors viz. Banking, financials, auto and FMCG will continue to dictate the trend. On the index front, Nifty has crucial support at the 18050 mark, which also coincides with the short term moving average i.e. 20 EMA. Though the downside seems capped, we recommend maintaining a focus on stock selection and overnight risk management. 

Views by: Ajit Mishra, VP - Technical Research, Religare Broking

4:00 PM

Tech View :: 'Support around 18,100-18,050 to cushion downfall'

The Nifty has witnessed consecutive negative days. Amid the selling pressure the Nifty has managed to hold on to the crucial support level of 18100 and the intraday pullback has come exactly from around 18100 which indicates that until the nifty manages to stay above this level the uptrend is intact. The upward sloping channel has been breached on the downside and the daily momentum indicator has a negative crossover which is a sign of weakness, and this can lead to consolidation over the next few trading sessions. On the flipside, there are multiple support parameters in the form of the 20-day moving average (18053) and the 38.2% Fibonacci retracement level (18113) of the rise from 17553 – 18459 are placed which shall provide cushion and restrict a deep correction. Stock specific action can take place over the next few trading sessions.

Views by: Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas 

3:58 PM

Comment :: 'Signs from US economy worrying investors'

Domestic investors remained cautious as the US market grappled with recession concerns led by recent economic data indicating slowdown. The US retail sales figures for April reflected a decrease in demand, and ongoing debt ceiling negotiations further dampened market sentiment.

Views by: Vinod Nair, Head of Research at Geojit Financial Services.

3:56 PM

Bond market :: Yields on 10-year G-Sec stay below 7%

3:55 PM

Currency check :: Rupee ends lower at 82.38/$ against Tuesday’s close of 82.21/$

3:52 PM

BSE Stats :: Market remains equally divided between gainers and losers

3:50 PM

Buzzing stock :: Jubilant FoodWorks soars 3% as FY23 turnover tops Rs 5,000-cr mark

>> Overall Q4FY23 numbers stayed weak 

3:48 PM

Buzzing stock :: CreditAccess Grameen vaults 8% on near 2x rise in Q4 bottomline

3:46 PM

Buzzing stock :: Investors book profit in LIC Housing Finance post Q4

3:45 PM

Buzzing stock :: JSPL drops 5% as Q4 profit plunges 70% YoY to Rs 465.66 crore

3:42 PM

Buzzing stock :: SBI end flat ahead of Q4 results tomorrow

3:41 PM

Buzzing stock :: ITC ends nearly 1% higher ahead of Q4 results on Thursday

3:40 PM

Buzzing stock :: Kaynes Technology India surges 16% on robust Q4 show

3:39 PM

Buzzing stock :: Oberoi Realty drag the realty pack, sinks close to 6%

3:37 PM

Broader markets :: SmallCap index sole winner in an otherwise weak session

3:36 PM

Sectoral trends :: FMCG, Auto stocks scalp tepid gains; Media, realty stocks worst hit

3:35 PM

Sensex Heatmap :: ITC, IndusInd Bank lift 30-pack index off lows

3:32 PM

CLOSING BELL :: Nifty ends below 18,200

3:31 PM

CLOSING BELL :: Sensex ends lower for third day, slides over 300 pts

3:27 PM

Global Check:: US, UK stock futures exhibit mixed trend

Source: Investing.com

3:20 PM

ALERT :: Cabinet approves PLI scheme for IT hardware worth Rs 17,000 crore

3:19 PM

ALERT:: SKF India Q4 net rises 12%; stock marginally in red

SKF India Q4 net profit rose 12.3 per cent to Rs 122.93 crore for the quarter ended March 2023 when compared with Rs 109.48 crore in the corresponding quarter a year ago. Total income advanced 7 per cent YoY to Rs 1,114.46 crore.

3:07 PM

ALERT:: Paradeep Phosphates Q4 net slumps 73%; stock soars 6%

Paradeep Phosphates Q4 net profit slumped 73.4 per cent to Rs 9.47 crore for the quarter ended March 2023 when compared with Rs 35.66 crore in the quarter ended March 2022. Total income, however, nearly doubled to Rs 3,713.62 crore from Rs 1,924.30 crore.

2:56 PM

Stock of this technology solutions company has zoomed 100% in 11 weeks

Shares of Aurionpro Solutions locked in 10 per cent upper circuit at Rs 581.5 in Wednesday's intra-day trade, in an otherwise a weak market on strong growth outlook. READ MORE

2:44 PM

Bank of Baroda 'well protected' for switch to RBI's new loan-loss proposal

Its gross non-performing assets (NPA) ratio fell to 3.79% in the fourth quarter from 4.53% in the previous quarter, while its net NPA ratio fell to 0.89% from 0.99% for the same period. READ MORE

2:34 PM

Oberoi Realty dips 6% as sales value drops 27% YoY in Jan-Mar quarter

Adjusted profit after tax at Rs 300 crore, was lower than estimates of Rs 373 crore, given the weaker than expected operating show, said analysts at ICICI Securities in a note. READ MORE

2:22 PM

ALERT:: Sterlite Technologies Q4 net vaults 8-fold; stock bounces 12% from lows

Sterlite Technologies reported a sharp 8-fold jump in Q4 net profit to Rs 82 crore for the quarter ended March 2023 when compared with Rs 10 crore in the quarter ended March 2022. Total income rose by 25 per cent YoY to Rs 1,872 crore.

2:11 PM

ALERT:: Jubilant Foodworks Q4 net plunges 59%; stock rebounds sharply

Jubilant Foodworks today reported a net profit of Rs 47.53 crore for the fourth quarter ended March 2023 when compared with Rs 116.10 crore in the corresponding quarter a year ago. Total income was up 8.7 per cent YoY at Rs 1,271.79 crore.

1:59 PM

ALERT :: Sterlite Technologies approves raising Rs 1,000 crore

>> Board approves demerger of Global Services Business into STL Networks Limited on a going concern basis

>> Board approves dividend worth Rs 1 per share on share with face value of Rs 2

1:54 PM

KFC-operator India's Devyani's profit falls on expenses, demand slowdown

Revenue from operations surged 28% to 7.55 billion rupees as it opened 66 new stores. However, revenue slipped around 5% from the previous quarter. READ MORE