Page 1035 - Markets News
Stock Market Highlights, May 21: Market-cap of BSE-listed firms hits $5 trillion mark
Stock Market Highlights on Tuesday, May 21, 2024: The S&P BSE Sensex ended at 73,953, down 53 points, while the Nifty50 ended above 22,500, up 27 points
 "Stock Market Highlights, May 21: Market-cap of BSE-listed firms hits $5 trillion mark")
Vedanta nears record high on improved outlook; zooms 94% from March low
In past three trading days, it rallied 12% after declared first interim dividend of Rs 11 per share for FY25 and approved to raise funds up to Rs 8,500 crore by various financial instruments.
 "Vedanta nears record high on improved outlook; zooms 94% from March low")
This stock has zoomed 1172% against IPO price in 5 yrs; m-cap hits Rs 1 trn
At 12:02 PM; Polycab India was trading 4% higher at Rs 6,736.80 on the BSE
 "This stock has zoomed 1172% against IPO price in 5 yrs; m-cap hits Rs 1 trn")
CPSE stocks on a roll; RVNL, Hudco, SJVN, Cochin Shipyard surge up to 15%
CPSE stocks: At 02:08 PM, the CPSE index, the top gainer among broader indices, was up 2.5 per cent
 "CPSE stocks on a roll; RVNL, Hudco, SJVN, Cochin Shipyard surge up to 15%")
Nifty Metal index hits record high on May 21; what's fuelling the rally?
The surge in the metal index, analysts believe, is largely credited to Vedanta's robust Q4 performance and its first interim dividend declaration of Rs 11 for FY25
 "Nifty Metal index hits record high on May 21; what's fuelling the rally?")
Trident tanks 9% on weak Q4 performance; declares 36% dividend
Trident's net profit declined 54.8 per cent to Rs 59 crore in Q4 of financial year 2024, from Rs 130.6 crore in the same quarter a year ago (Q4FY23)
 "Trident tanks 9% on weak Q4 performance; declares 36% dividend")
Crude oil to trade in narrow range ahead of Opec meeting; check key levels
Crude oil outlook: Crude oil prices are expected to trade in a fairly tight range ahead of the key OPEC+ meet on June 1
 "Crude oil to trade in narrow range ahead of Opec meeting; check key levels")
Govt likely to cut bond sales aided by higher cash balance: Officials
The yield on benchmark 10-year bond was little changed at 7.09 per cent on Tuesday
 "Govt likely to cut bond sales aided by higher cash balance: Officials")
Wheels India shares zoom 19% on healthy Q4 results; up 23% in 5 sessions
The uptick came after the company posted a strong set of Q4 numbers. Wheels India's net profit soared 79 per cent on a year-on-year (Y-o-Y) basis to Rs 38.3 crore
 "Wheels India shares zoom 19% on healthy Q4 results; up 23% in 5 sessions")
Nomura upgrades Vodafone Idea to 'Neutral'; sees 13% upside; details here
Vodafone Idea stock outlook: Global brokerage Citi, too, has assigned a 'High Risk Neutral' rating to Vodafone Idea stock with a target of Rs 15
 "Nomura upgrades Vodafone Idea to 'Neutral'; sees 13% upside; details here")
This defence stock has zoomed over 45% in 6 days ahead of stock split
Shares of Bharat Dynamics hit a new high of Rs 2,689.40 as they rallied 10 per cent on the BSE in Tuesday's intraday trade
 "This defence stock has zoomed over 45% in 6 days ahead of stock split")
IRFC shares zoom 5% amid strong Q4 results, Rs 50,000 cr fund raise plan
The stock prices of IRFC zoomed after the public sector undertaking reported strong net profits in the fourth quarter of financial year 2023-24 (Q4FY24)
 "IRFC shares zoom 5% amid strong Q4 results, Rs 50,000 cr fund raise plan")
Kalpataru Projects soars 15% on inking Rs 7,550 cr pact with Aramco
On March 5, 2024, KPIL had said the company selected for engineering, procurement and construction (EPC) contracts by Aramco for MGS-3 project.
 "Kalpataru Projects soars 15% on inking Rs 7,550 cr pact with Aramco")
Bond yields seen easing as Indian govt cuts T-bill supply for 6 weeks
The 7.18 per cent 2033 bond yield is expected to trade between 7.05 per cent and 7.10 per cent, after ending at 7.0925 per cent, a trader with a state-run bank said
 "Bond yields seen easing as Indian govt cuts T-bill supply for 6 weeks")
Bharat Electronics up 9%, m-cap crosses Rs 2 trillion on healthy Q4 results
The stock of state-owned defence company is quoting higher for the sixth straight trading days and zoomed 26 per cent during the period
 "Bharat Electronics up 9%, m-cap crosses Rs 2 trillion on healthy Q4 results")
Sell smallcap, midcap stocks; markets will offer buy-on-dip opportunities: UBS
Among sectors, UBS prefers domestic-linked sectors such as automobiles, consumer durables, industrials / infrastructure, utilities, and real estate
 "Sell smallcap, midcap stocks; markets will offer buy-on-dip opportunities: UBS")
Asia stocks slip as investors await Fed meeting to gauge possible rate cut
Japan's Nikkei was a rare bright spot, rising 0.2%, adding to the previous day's 0.73% rally
 "Asia stocks slip as investors await Fed meeting to gauge possible rate cut")
Stocks to watch on May 21: Oil India, India Cements, Signature Global
Despite tech shares propelling the Nasdaq Composite to record highs, most Asia-Pacific markets saw declines
 "Stocks to watch on May 21: Oil India, India Cements, Signature Global")
Nifty levels, Q4 result, IPOs: Things to know before Opening Bell on May 21
Pre-market update for Indian stock markets, May 21, 2024: Analysts expect markets to remain volatile in the near-term as investors anticipate the Lok Sabha election results
 "Nifty levels, Q4 result, IPOs: Things to know before Opening Bell on May 21")
TCS, ONGC, SAIL, Ujjivan SFB, Trident among nine stocks to track on May 21
In the domestic market, foreign institutional investors (FIIs) offloaded shares worth Rs 92.95 crore, on May 18. Meanwhile, domestic institutional investors (DIIs) sold shares worth Rs 152.87 crore
 "TCS, ONGC, SAIL, Ujjivan SFB, Trident among nine stocks to track on May 21")