Stock Market Special Session Highlights: Sensex, Nifty end flat; Small, MidCap indices gain up to 1%

Stock Market Special Trading Session, Saturday, May 18, 2024: In the broader markets, the BSE MidCap, and the BSE SmallCap indices gained 0.48 per cent and 0.76 per cent, respectively

12:51 PM

Market Breadth: Advancing shares outnumber declining stocks in the 2.4:1 ratio

12:48 PM

BSE SmallCap Heatmap:: 20 SmallCaps rally up to 5%; Kirloskar Ferrous dips 5%

12:43 PM

BSE MidCap Heatmap:: Balkrishna, Zee, IOB shine; Astral, Delhivery whine

12:41 PM

Broader market check:: MidCap, SmallCap indices outrun Nifty; VIX rises 3.7%

12:39 PM

Sensex 30 Heatmap:: 23 out of 30 stocks end on a positive note; Nestle gains 2%

12:37 PM

Closing Bell:: Nifty settled 36 points higher at 22,502

12:35 PM

Closing Bell:: BSE Sensex ended Saturday's special trading session with a gain of 89 points at 74,006

12:25 PM

Defense stocks on a roll; BDL, BEL, HAL, Cochin Shipyard rally 5%

Shares of defense and related companies were on a roll with Hindustan Aeronautics (HAL), Bharat Electronics (BEL), Bharat Dynamics (BDL), Data Patterns (India), Cochin Shipyard and Mazagon Dock Shipbuilders rallying up to 5 per cent on healthy outlook. These stocks continued their northward march and quoting at their respective record highs.

The Government of India’s initiatives to make India self-reliant in providing state-of-the-art weapon systems to the Indian Armed Forces and clearance for export to Friendly Foreign Countries (FFCs) have opened plenty of opportunities for defense companies to grow and expand into the market. Read more

12:18 PM

JSW Steel stock falls 2% as profit plunges 65% in Q4

Steel giant JSW Steel shares fell as much as 1.64 per cent to hit an intraday low of Rs 892.35 per share, on Saturday. The decline in stock value came in the wake of JSW Steel's announcement of its Q4FY24.

JSW Steel’s consolidated net profit dropped 64.5 per cent to Rs 1,299 crore, from Rs 3,664 crore in the previous year. Sequentially, the profit fell 46 per cent, from Rs 2,415 crore. Read more
 

12:11 PM

IDFC First Bank shareholders approve merger with IDFC Ltd

The shareholders of IDFC First Bank have approved its merger with the development finace institution IDFC Ltd, CNBC TV 18 reported on Saturday. 

12:03 PM

Bharat Dynamics zooms 22% in 3 days; Board to announce Q4 results on May 30

Shares of Bharat Dynamics extended their rally into a third consecutive session, up 5 per cent on the BSE at Rs 2,437 apiece, in Saturday's special trading session. Including's today's rally, the stock has surged 22 per cent in three days. By comparison, the benchmark S&P BSE Sensex has added 1.4 per cent during the period. Read more

11:54 AM

FMCG giant Nestle India votes against increase in royalty to Swiss parent

Shareholders in Nestle India have rejected a company proposal to increase royalty payments to its Swiss parent Nestle, the company said late on Friday.

The motion called for the royalty paid to its parent to climb to 5.25 per cent of net sales, net of taxes, compared to the current level of 4.5 per cent. The increase was proposed at a rate of 0.15 per cent per annum. Read more

11:48 AM

Why did Chris Wood of Jefferies sell his holding in HDFC Bank stock?

Global fund managers remain bullish on the Japanese stock markets, which is now their most preferred destination in the Asian region. Both Morgan Stanley and Jefferies in their recent reports, have cited their preference for the Land Of The Rising Sun, which is fast becoming the land of the rising equities, too. Read more

11:40 AM

Market Check :: Top losers on the BSE at this hour

11:38 AM

Market Check :: Top gainers on the BSE at this hour

11:37 AM

Broader markets :: SmallCaps continue to outshine peers

11:35 AM

Sectoral trends :: All sectors hold gains

11:33 AM

Sensex Heatmap :: Nestle India zooms 3%, Power Grid 1%

11:32 AM

Opening Bell :: Nifty tests 22,500

11:31 AM

Opening Bell :: Indices begin trade from disaster recovery site; Sensex up 100 pts

11:25 AM

Pre-Open for 2nd session :: Sensex rises over 200 pts

11:24 AM

Pre-Open for 2nd session :: Nifty below 22,500

11:18 AM

ALERT :: Markets prepare for second session

11:08 AM

From TCS to Infosys, majority of IT firms support hybrid nature of work

The $200 billion Indian IT services industry seems to be divided over the nature of work for their employees. India’s largest IT firm Tata Consultancy Services (TCS) has told its employees to be back in office or see an impact on their variable pay. Nasdaq-listed Cognizant has warned employees to be back or lose their job. READ MORE

10:59 AM

Astral shares crack 5% on sluggish Q4 show; PAT, margins take beating

Shares of Astral declined up to 4.9per cent at Rs 2189.10 per share on the BSE in Saturday’s intraday trade. The stock price dipped after the company delivered a 12 per cent drop in its profit after tax (PAT) for the January-March quarter of fiscal year 2023-24 (Q4FY24). READ MORE

10:49 AM

Shipping Corporation of India share falls 4% on weak Q4 performance

Vessels operator Shipping Corporation of India (SCI) shares fell as much as 3.62 per cent to hit an intraday low of Rs 226.25 per share, on Saturday. The drop came after the company announced a weak set of fourth quarter results of financial year 2024 (Q4FY24) results. READ MORE 

Photo: Shutterstock

10:39 AM

Delhivery down 3% as Co slips into red in Q4 after reporting profit in Q3

Delhivery stock price dipped 3.2 per cent to Rs 439.25 apiece on the BSE on Saturday, during the special trading session, after the company slipped into losses again in the March quarter (Q4FY24). At 10:00 AM, Delhivery stock price was at day's low as against the benchmark S&P BSE Sensex's 0.02 per cent gain. READ MORE

10:28 AM

Need to put more capital in hands of private sector: EY India chairperson

Indian economy is in good shape. If we look at the trends including gross domestic product (GDP), the fiscal deficit, tax revenue growth, and private investment, all are in the right direction. READ MORE

10:19 AM

Pfizer share surges 3% on strong Q4 performance

Pharmaceutical company Pfizer shares rose as much as 3.03 per cent to hit an intraday high of Rs 4,537.15 per share, on Saturday. The surge came after the company announced its fourth quarter results of financial year 2024 (Q4FY24) results. READ MORE

 

10:09 AM

Kirloskar Ferrous stock hits lower circuit after Q4 net plunges 81%

Kirloskar Ferrous Industries stock hit the 5 per cent lower circuit at Rs 689 on the back of 2-fold jump in trading volumes on the BSE on the back of disappointing Q4 results. READ MORE