Page 186 - Markets Today
IndiGo, HCLTech, JK Lakshmi Cement among nine stocks to track on May 24
On Thursday, US markets closed in the red as robust economic data dashed hopes for Federal Reserve rate cuts
 "IndiGo, HCLTech, JK Lakshmi Cement among nine stocks to track on May 24")
Should you buy gold now? Check key levels here before investing your money
The downside pressure on gold further intensified on Thursday on better-than-expected S&P US Global manufacturing and services PMI data
 "Should you buy gold now? Check key levels here before investing your money")
Stock Market Highlights, May 23: Indices end at record highs! Sensex soars 1197 pts, Nifty nears 23K
Stock market LIVE updates on Thursday, May 23, 2024: In the broader markets, the S&P BSE MidCap index hit a new high of 43,442.5, while the S&P BSE SmallCap index touched a new lifetime high of 48,229
 "Stock Market Highlights, May 23: Indices end at record highs! Sensex soars 1197 pts, Nifty nears 23K")
PG Electroplast soars 11%, hits record high on solid Q4, 1:10 stock split
PGEL forecasts revenues of Rs 3,400 crore, a growth of 23.8 per cent over FY24 consolidated revenues, despite the transfer of the TV business to Goodworth Electronics
 "PG Electroplast soars 11%, hits record high on solid Q4, 1:10 stock split")
GMM Pfaudler slips 5% on weak Q4 performance; Rs 1 dividend announced
GMM Pfaudler's consolidated net profit dropped 14 per cent to Rs 28.7 crore in Q4FY24, from Rs 33.3 crore in the same quarter a year ago (Q4FY23)
 "GMM Pfaudler slips 5% on weak Q4 performance; Rs 1 dividend announced")
Stocks to Watch, May 23: Grasim, GMM Pfaudler, Petronet LNG, Star Cement
On the domestic front, investor attention is focused on forthcoming manufacturing data and the Q4 results of major players such as ITC, IndiGo, and Fortis Healthcare
 "Stocks to Watch, May 23: Grasim, GMM Pfaudler, Petronet LNG, Star Cement")
Paytm drops 3% after Q4 loss broadens; check trading strategy here
The decline followed the company's announcement of its Q4 results, which fell short of market expectations. Paytm's loss widened to Rs 549.6 crore in Q4FY24
 "Paytm drops 3% after Q4 loss broadens; check trading strategy here")
Jubilant FoodWorks, Nykaa, Oil India among seven stocks to track on May 23
At 6:53 AM, GIFT Nifty futures were trading down 13 points at 22,644.50 against Nifty futures
 "Jubilant FoodWorks, Nykaa, Oil India among seven stocks to track on May 23")
BHEL shares tank 8% after Q4 results miss street expectations
The fall came after the company announced its Q4 results, which missed street expectations.
 "BHEL shares tank 8% after Q4 results miss street expectations")
Cipla rallies 4% on US FDA approval to market Lanreotide injection
The approval for the generic version of Lanreotide Acetate is in line with Cipla's growth strategy in the complex product segment and will strengthen Cipla's position in the US market.
 "Cipla rallies 4% on US FDA approval to market Lanreotide injection")
Zomato, Paytm: What should investors do with new-age stocks? Analysts weigh
Shares of Zomato have soared 57 per cent so far in 2024, but those of Paytm have tumbled 46 per cent
 "Zomato, Paytm: What should investors do with new-age stocks? Analysts weigh")
Stocks to Watch, May 22: Apollo Tyres, Biocon, Gulf Oil, Ircon Int'l
European markets closed on a negative note, with Germany's DAX falling 0.22 per cent and the UK's FTSE dropping 0.09 per cent
 "Stocks to Watch, May 22: Apollo Tyres, Biocon, Gulf Oil, Ircon Int'l")
Sell stocks in May and go away: Here's why it may be a bad strategy in 2024
The government, too, is hopeful that the bull-run in the Indian stock market will continue. PM Modi recently said in an interview that Indian stock markets will break all previous records on June 4
 "Sell stocks in May and go away: Here's why it may be a bad strategy in 2024")
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")
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")
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")
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")
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")
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
Buy and Sell ideas: Top technical picks by ICICI Securities for May 21
In the process, volatility would remain high as expectations related to the General election outcome would have bearing on market direction in the upcoming truncated week
 "Buy and Sell ideas: Top technical picks by ICICI Securities for May 21")