Sensex ends 75pts up after choppy day, Nifty tops 17,750; ITC extends rally

CLOSING BELL: Among buzzing stocks, shares of RVNL were locked at 20 per cent upper circuit, RITES zoomed 9 per cent, and Texmaco Rail 7 per cent

4:34 PM

Indian markets likely to remain range-bound in the near term: Analysts

Rising interest rates, firm crude oil prices and geopolitical concerns, they believe, will keep the sentiment back home in check. READ MORE

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4:28 PM

COMMENT:: Investors nervous ahead of key US data

The domestic market succeeded in holding the gains, though multiple attempts were made by bears to reverse the trend considering the weak global market. Investors are highly nervous as they await the release of US GDP and PCE inflation data, which will guide the upcoming Fed action. The Fed is expected to raise their rates by another 25bps in its announcement on 3rd May.

 

- Vinod Nair, Head of Research at Geojit Financial Services

4:27 PM

Maruti Suzuki Q4 preview: Price hikes to lift revenue, margin, say analysts

According to brokerages, Ebitda (earnings before interest, tax, depreciation, and amortisation), is expected to outpace top-line growth, rising up to 22.4 per cent QoQ to Rs 3,466 crore in Q4FY23. READ MORE

4:22 PM

Ipca Labs slumps 10%, hits 52-week low on plan to buy 33.4% stake in Unichem Lab

Brokerages believe the acquisition is expensive, given increased competition in the US generics oral solids space, rising regulatory risks and strong efforts needed to turnaround Unichem Labs. READ MORE

4:20 PM

Stock of this speciality chemical nearly doubled in less than 3 months

Shares of Anupam Rasayan hit an all-time high of Rs 1,131 in intra-day trades today, and have zoomed 98% from level of Rs 570 on February 3, 2023. READ MORE

4:18 PM

Crompton Greaves CE plunged 12%; hits 52-week low as CEO Mathew Job resigns

Going forward, any material changes in growth outlook and improvement in margin guidance by the new management will be key monitorables for the company, ICICI Securities said in a note. READ MORE

4:16 PM

Nykaa slips 2%, hits new low on heavy volumes; down for 5th straight day

Average trading volumes on the counter nearly doubled with a combined around 12 million equity shares having changed hands on the NSE and BSE. READ MORE

4:12 PM

Rail Vikas Nigam zooms 17% after 12% equity changed hands on the NSE

Over 250 million equity shares representing 12 per cent of total equity of RVNL had changed hands on the NSE, the exchange data shows. READ MORE

4:09 PM

Nifty PSU Bank index jumps 1.3%; Bank of Baroda, Central Bank, Canara Bank lead

4:07 PM

BSE Smallcap Heatmap:: RVNL, DB Realty, Lloyd Steel shine among smallcaps

3:50 PM

BSE Midcap Heatmap:: IRFC, SJVN shine; Crompton Greaves, IPCA Labs whine

3:46 PM

Smallcaps outperform; India VIX dips 1.3%

3:44 PM

Nifty 50 Losers:: HDFC Life tanks 3.4%; UPL, HDFC duo slip

3:42 PM

Nifty 50 Gainers:: Adani Enterprises, Britannia, Bajaj twins rally around 2%

3:39 PM

Sensex 30 Heatmap:: 18 Gainers v/s 12 Losers

3:37 PM

CLOSING BELL:: NSE Nifty50 adds 26 pts to 17,769

3:34 PM

CLOSING BELL:: S&P BSE Sensex extends rally, ends higher for 4th straight day; gains 75 pts

3:23 PM

IPCA Labs stock hits valuation hurdle on Unichem stake acquisition

The pharmaceutical company’s acquisition of the stake from a promoter of Unichem’s at Rs 440 per share (14 per cent premium to Monday’s closing price) will be followed by an open offer for an additional 26 per cent. READ MORE

3:14 PM

Earnings Alert:: Elecon Engineering Q4 net slips 30%; stock slumps 6%

Elecon Engineering Q4 net soared 77.2 per cent to Rs 59.39 crore for the quarter ended March 2023 when compared with Rs 33.52 crore in the quarter ended March 2022. Total income rose 35.6 per cent YoY to Rs 339.79 crore.

3:05 PM

News Alert:: IndiaMART InterMESH to consider bonus issue on April 28; stock up 2%

2:54 PM

Nykaa slips 3%, hits new low on heavy volumes; down for 5th straight day

Average trading volumes on the counter nearly doubled with a combined around 11 million equity shares having changed hands on the NSE and BSE so far. READ MORE

2:42 PM

Earnings Alert:: Mahindra Holidays Q4 net slips 30%; stock soars 5%

Mahindra Holidays & Resorts today reported a 29.8 per cent decline in net profit for Q4FY23 at Rs 31.26 crore as against Rs 44.50 crore in Q4FY22. ago. Total income, however, was up 10.6 per cent YoY at Rs 336.32 crore.

2:31 PM

ALERT :: ITC overtakes Infosys to become 6th most valued firm by m-cap

>> At 2:30 PM, m-cap of ITC stood at Rs 5.11 trillion vs Rs 5.08 trillion of Infosys

2:26 PM

Soaring temperature to power up related stocks; buy the dips, say analysts

Power distribution companies, such as Torrent Power, Tata Power, NTPC, and CESC, are expected to reap benefits of increasing power consumption. READ MORE

2:13 PM

IT services firm Persistent profit up 25.1%, annual revenue crosses $1 bn

IT services firm Persistent Systems reported on Tuesday a net profit of Rs 251.5 crore in Q4 FY23, up 25.1 per cent year-on-year and helped by steady growth in key segments. READ MORE

2:01 PM

PSBs extend gains on hopes of firm Q4; Nifty PSB index zooms 13% in 1 month

Among the individual stocks, Indian Bank and Uco Bank were up 3 per cent, Bank of Baroda, Indian Overseas Bank, Central Bank of India, Canara Bank and State Bank of India were up 2 per cent on the NSE. READ MORE

1:49 PM

Market Check:: Power stocks top gainers in listless trade; Adani duo lead charge

1:37 PM

Earnings Alert:: Meghmani Finechem Q4 net dips 22.5%; stock down 4%

Meghmani Finechem today reported a 22.5 per cent dip in Q4 net profit to Rs 76.73 crore for the quarter ended March 2023 as against Rs 99.09 crore in the corresponding quarter a year ago. Total income, however, was up 13.2 per cent YoY at Rs 566.72 crore.

1:28 PM

Escorts, Bank of India: Select midcap stocks are poised for up to 20% gain

Zydus Lifesciences, in particular, has been scaling 52-week highs with momentum staying highly elevated. Also, Aurobindo Pharma shares have seen a steeper rise, with aggressive chart structures. READ MORE

1:14 PM

Global Check:: Hang Seng, Taiwan shed up to 1.8% in Asia trade

Source: Yahoo Finance