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Sensex zooms 629 pts, Nifty ends at 18,500; RIL, Sun Pharma jump up to 3%

Stock market highlights on May 26, 2023: The BSE Sensex gained steam and surged 629 points to close at 62,502. The NSE Nifty edged 178 points to end at 18,499

Stock of this heavy electric equipment company has zoomed 82% in 5 days

The stock of heavy electric equipment company traded higher for the fifth straight day, and zoomed 82 per cent after the company reported strong March quarter earnings (Q4FY23)

Star Health and Allied Insurance slumps 9% amid huge block deals

Till 11:41 am; a combined nearly 20 million shares or 3.5 per cent equity of Star Healthcare have changed hands on the BSE and NSE, the data shows.

ITC market-cap hits Rs 5.5 trn; stock trades higher for 6th straight day

Thus far in the calendar year 2023, ITC has surpassed market value (mcap) of Infosys, SBI, HDFC, Bharti Airtel, Adani Enterprises and LIC

Zee Entertainment hits 52-week low, down 2% on weak March quarter earnings

The advertisement revenues decline (amid weak ad spends), higher movie content and Zee5 costs impacted margins and one-off charges further exacerbating the bottomline pain.

Nifty ends May F&O series above 18,300; Sensex gains 99 points

CLOSING BELL: The broader BSE MidCap and SmallCap indices outperformed the benchmarks as both the indices registered gains of up to 0.36 per cent

Stock of this aerospace & defense company has zoomed 93% thus far in 2023

Zen Technologies rallied 9% to hit a new high of Rs 354.90 on the BSE in Thursday's intra-day trade after its board approved allotment of over 4 million shares to investors on conversion of CCDs

Elecon Engg hits new high on positive outlook; zooms over 2900% in 3 years

The company said growth outlook for gears and MHE segments remains positive on the back of strong demand from end user industries.

Zomato surges 36% in two months on improved operational performance

Management expects sequential GOV growth to be in a high single digit in Q1FY24, on the back of green shoots of recovery since February, 2023.

Star Cement surges 9% on heavy volumes; nears 4-year high

Enhanced capacity utilisation, backed by the government's thrust on infrastructure development in the NER and better pricing power would enable Star to register revenue and earnings by going forward

Indian Hotels gains 3% to hit record high on healthy business outlook

In the past one year, IHCL has outperformed the market as shares zoomed past 75 per cent, as against a 15 per cent rise in the S&P BSE Sensex

ITC hits new high, up for the 5th straight day; soars 32% so far in 2023

Analysts raised their cigarette volumes growth estimate for FY24E considering market share gains from illicit cigarettes as well as strong growth in high price cigarettes.

Sensex drops 208 pts, Nifty below 18,300; metal, financial stocks weak

CLOSING BELL: Adani Enterprises fell over 6 per cent, while Adani Ports, Tata Motors, HDFC, HDFC Bank, ICICI Bank, Reliance Industries, HUL, and Asian Paints declined up to 2 per cent

Dixon, CGCEL: Consumer durable shares gain up to 9% in a range-bound market

At 01:41 PM, the S&P BSE Consumer Durables index, the top gainer among sectoral indices, was up 1.5 per cent, as compared to 0.11 per cent decline in the S&P BSE Sensex

Stock of this industrial products company has zoomed over 170% in 4 months

WPIL hit a new high of Rs 3,076, up 5 per cent on the BSE in Wednesday's intra-day trade

Deepak Nitrite soars 6% as subsidiary plans Rs 5,000-cr capex in Gujarat

Deepak Chem Tech, a wholly-own subsidiary of Deepak Nitrite, has signed MoU with the government of Gujarat with an intent to invest around Rs 5,000 crore over the next 4 years

Dreamfolks hits record high; rallies 16% in two days on healthy Q4 results

The stock hit a record high of Rs 592.15 in intra-day today, and was trading 82 per cent higher against its issue price of Rs 326 per share.

Mahindra CIE surges 9%, hits 52-week high after large block deal

As per media sources, M&M was looking to sell its residual 3.2% stake in MCIE via the block deal mechanism on stock exchanges today

SpiceJet tanks 19%, crashes to near 8-year low on heavy volumes

Average trading volumes on the counter jumped over eight-fold with around 11.47 million equity shares, representing 1.9 per cen of total equity of SpiceJet changing hands on the BSE till 01:50 pm

OMCs extend gains on improved operational performance; IOC hits 52-wk high

In the past six months, IOCL (up 28%), HPCL (up 22%) and BPCL (up 19%) have outperformed the benchmark S&P BSE Sensex index