Stock Market Highlights, May 8: Benchmarks end flat after choppy session; Mid, SmallCap indices rise

Stock Market Highlights on May 8: The S&P BSE Sensex, after gyrating 611 points intraday, ended at 73,466, down 45 points. The Nifty, on the other hand, settled unchanged at 22,303

3:58 PM

Tech View :: Key levels on Bank Nifty

The Bank Nifty index encountered a volatile trading session during the expiry day, highlighting the ongoing struggle between bulls and bears. The next significant support level for the index is positioned at 47,770, coinciding with the 50-EMA. On the upside, immediate resistance lies at 48,250. A decisive breach above this level could propel the index towards 48,400-48,500, where call writing activity is evident.

 

Views by: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.

3:54 PM

Tech View :: 'Nifty outlook to remain weak as long as it stays below 22,400'

Nifty remained volatile throughout the day. However, the short-term trend appeared weak as the index remained below the critical moving average, 21EMA, on the daily timeframe. In the near term, the sentiment may continue to weaken as long as it stays below 22,400. On the downside, the index might decline towards 22,150.

Views by: Rupak De, Senior Technical Analyst, LKP Securities

3:51 PM

Comment :: 'Earnings landscape seems to be moderating'

The Indian market echoed subdued investor sentiments akin to those of its Asian peers, and on worries about declining voter turnout. Despite domestic Q4 earnings largely meeting estimates, the earnings landscape appears to be moderating. A sector-specific action was visible in FMCG and auto stocks, aided by an expectation of a revival in rural demand in H1FY25.

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

 

3:49 PM

Paytm hits all-time low of Rs 317.45; stock tanks 68% from 52-week high

Gupta's resignation marks the third senior resignation from the company in the past few months after its associate entity, Paytm Payments Bank (Paytm PB), faced regulatory action from the Reserve Bank of India (RBI). READ MORE

3:46 PM

IPO Update :: Subscription status of Aadhar Housing, TBO

Indegene: 65.62x (QIB 184x, NII 54x, Retail 7x)

Aadhar Housing Finance: 33% (QIB 32%, NII 33%, Retail 32%)

TBO Tek: 79% (QIB 1%, NII 1.2x, Retail 2.4x)


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Alert: Status as of 3:35 PM

Note: This is the last day of bidding for Indegen, and first for Aadhar HC, TBO Tek

Bidding closes at 5 PM 

3:42 PM

Broader markets :: Mid, SmallCap indices shine after yesterday's selling

3:40 PM

Sensex Heatmap :: Gainers and losers neck and neck

3:38 PM

Closing Bell :: Nifty ends unchanged

3:37 PM

Closing Bell :: Sensex slips marginally after choppy day

3:29 PM

Oil & Gas stocks surge in volatile session; IGL soars 7%, Gail India 4.5%

 Leading the surge was IGL, climbing by 7.29 per cent, trailed by GAIL with a rise of 4.66 per cent, followed closely by MGL up by 4.42 per cent, and Petronet LNG increasing by 4.15 per cent. READ MORE