Daily Stock Market Reports

Sensex Today: Stock Market LIVE Updates: Sensex moves towards 55,000; Nifty nears 16,400;


Benchmark indices opened on a muted note on Monday morning, as investors assess the impact of a slew of fiscal measures by the government to ease inflationary pressure off consumers on fiscal math. At 9.30 am, the BSE Sensex was trading 54 points or 0.10 per cent higher at 54,380.73. Nifty50 was trading at 16,270.25, up 4.10 points or 0.03 per cent. Midcap and smallcap indices were flattish. Cues from Asia were largely mixed. Among Sensex stocks Maruti Suzuki climbed 2.87 per cent to Rs 7,804.70. Axis Security said Maruti Suzuki could emerge as the biggest beneficiary of demand recovery in the post-COVID period, considering its stronghold in the entry-level segment and a favourable product lifecycle.

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The state-owned engineering firm BHEL, is trading over 2% down, despite posting Rs 912.47 crore consolidated net profit in the March quarter, backed by higher income. In the year-ago quarter, the company had reported a consolidated net loss of Rs 1,036.32 crore.

Price as on 23 May, 2022 12:18 PM, Click on company names for their live prices.

PSU banks all in green

Price as on 23 May, 2022 12:09 PM, Click on company names for their live prices.

Private lender Bandhan Bank will gradually increase its exposure to secured loans by enhancing advances to the housing and MSME sectors, its Managing Director and CEO Chandra Shekhar Ghosh said, reports PTI.

Price as on 23 May, 2022 12:06 PM, Click on company names for their live prices.

3 stocks in metal index hit 52-week lows

3 stocks in metal index hit 52-week lows

eMudhra IPO subscribed 65% on day 2, retail book fully subscribed

The Rs 412.79 crore initial public offering (IPO) of eMudhra, India’s largest licensed certifying authority, received a mixed response during the second day of the book building process. The issue, which opened for subscription on Friday, May 20, will close for bidding on Tuesday, May 24. The company is selling its shares in a lot size of 58 equity shares in a price range of Rs 243-256.

Both steel export duty imposition as well as fuel excise duty cuts are very positive for auto sector as well as capital goods companies. They had huge order books but because of the consistent rise in steel prices, their profitability was getting impacted. So these two sectors will be the disproportionate beneficiaries.

– Sandip Sabharwal, asksandipsabharwal.com

After a shaky start, Nifty IT trading all in green

Price as on 23 May, 2022 11:08 AM, Click on company names for their live prices.

NTPC trading in green after posting a nearly 12 per cent jump in consolidated net profit to Rs 5,199.51 crore in the March quarter, mainly on the back of higher revenues. The consolidated net profit of the company was at Rs 4649.49 crore in the quarter ended on March 31

Price as on 23 May, 2022 10:47 AM, Click on company names for their live prices.

Market View: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The ‘risk-off, risk-on roller coaster market’ is set to continue in the near-term.The rebound in S&P 500 from the bear market territory last Friday may be an indication that the market is unlikely to turn long-term bearish. Macro numbers from the US in the coming days will be keenly watched by the market.

The government’s aggressive move on inflation by cutting the excise duties on petrol and diesel and other initiatives to soften the prices of steel will slightly reduce RBI’s burden on controlling inflation. Even though this is a positive from the market perspective, the government’s additional borrowing and fiscal deficit shooting beyond the budget estimates are areas of concern.

PayTm trading nearly 4% up. The digital financial services firm One97 Communications, which operates under the Paytm brand, on Friday reported widening of its consolidated loss to Rs 761.4 crore for the quarter ended March 2022 on account of rise in payment processing charges and employees benefit expenses.

Price as on 23 May, 2022 10:27 AM, Click on company names for their live prices.

Manish Gunwani shares his take on steel stocks with ET NOW

SBI seeking buyers for its stressed power, other loans

State Bank of India (SBI) is seeking buyers for its distressed loans, and about a third of these are to the power sector. Some of these accounts include the Ruia-promoted Essar Power Gujarat, Anil Ambani’s Vidarbha Industries Power, KSK Mahanadi Power and Meenakshi Energy, three people aware of the development told ET.

SBI seeking buyers for its stressed power, other loans

Top steel stocks were bleeding heavily on Monday as the government imposed export duties on select steel products which may prompt steel companies to review massive capacity expansion plans. Steel stocks witnessed a sharp correction.

Price as on 23 May, 2022 09:54 AM, Click on company names for their live prices.

A glimpse at the Nifty sectorals

A glimpse at the Nifty sectorals

Banks to stop collateral-free intra-day funding to brokers?

Banks are being told by the regulator to end the decades-long practice of financing stock brokers during the day without collaterals. Intra-day funding, better known as ‘daylight exposure’ in banking parlance, is a crucial facility that enables brokers to tide over a few hours gap pending receipt of money from stock buyers, or in furnishing derivatives trade margin in the morning or paying for spot trades by institutions in case of mismatches.

Buy or Sell: Stock ideas by experts for May 23, 2022

Infosys board has approved the reappointment of Salil Parekh as CEO and MD of the company for five more years, till March 31, 2027, according to a regulatory filing. The stock is trading in positive

Price as on 23 May, 2022 09:37 AM, Click on company names for their live prices.

Nifty Auto rises; Ashok Leyland up 4.87%, Maruti Suzuli 3%

Price as on 23 May, 2022 09:32 AM, Click on company names for their live prices.

Volatility index India VIX up 2.79%

Sensex opens with 23 stocks in the green

Sensex opens with 23 stocks in the green

Steel stocks are likely to see a correction in the short-term as the levy of export duties on certain steel products is negative for the sector, while a reduction in customs duties on raw materials and the consequent lower steel prices would benefit sectors such as construction, capital goods and automobiles.

Price as on 23 May, 2022 09:23 AM, Click on company names for their live prices.

BHEL, SAIL, YES Bank among most active stocks on NSE

Price as on 23 May, 2022 09:21 AM, Click on company names for their live prices.

Sector Watch: Metal index deep in the red as steel stocks in freefall

Sector Watch: Metal index deep in the red as steel stocks in freefall

OPENING BELL: Sensex gains 250 points, Nifty nears 16,350; Maruti, NTPC jump 4% each

OPENING BELL: Sensex gains 250 points, Nifty nears 16,350; Maruti, NTPC jump 4% each

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 22 points, or 0.14 per cent, higher at 16,276.50, signaling that Dalal Street was headed for a positive start on Monday.

Tech View: Enjoy the rally till it lasts, say analysts

Nifty50 on Friday capitalised on a strong gap-up start as the index ended almost at day’s higher. In the process, it breached its immediate resistance level of 16,150 and formed a bullish candle both daily and weekly scales. Analysts said more upside is in the offing and advised traders to be cautiously bullish for the week ahead.

Asia stocks weighed by inflation concerns

Asian stocks came under pressure on Monday as persistent worries about inflation and rising interest rates dogged the global economic outlook and fresh selling in technology stocks weighed on Chinese markets. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, after U.S. stocks ended the previous session with negligible gains for the day. The index is down 3.6% so far this month. A negative tone was evident as Hang Seng Index slid 0.38% and the mainland’s CSI300 dropped 0.37%. Japan’s Nikkei stock index was 0.8% higher.

Five stocks to go ex-dividend

At least five stocks will go ex-dividend today. They included Angel One, Caplin Point Laboratories, Coforge, Cyient and Dolat Algotech. Angel One had announced a final dividend of Rs 2.25 per share. Cyient had announced a final dividend of Rs 14 per share. (Caplin Point (Rs 2), Coforge (Rs 13) and Dolat Agrotech (Re 0.25) had also announced interim dividends recently.

Q4 results today

Q4 results todayZomato, SAIL, Bharat Electronics, Divi’s Laboratories, The Ramco Cements, Birlasoft, The New India Assurance Company and Graphite India are among companies which will announce their quarterly earnings today. Rupa & Co, Shilpa Medicare, HG Infra Engineering, Data Patterns (India), Dollar Industries and Kaveri Seed Company are some other companies scheduled to report March quarter results today.

Tech View: Enjoy the rally till it lasts, say analysts

Nifty50 on Friday capitalised on a strong gap-up start as the index ended almost at day’s higher. In the process, it breached its immediate resistance level of 16,150 and formed a bullish candle both daily and weekly scales. Analysts said more upside is in the offing and advised traders to be cautiously bullish for the week ahead.

US stocks end flat on Friday

The S&P 500 finished the day up 0.57 points at 3,901.36. The Dow Jones Industrial Average swung from an early loss of 617 points to close 8.77 higher, or less than 0.1 per cent, at 31,261.90. The Nasdaq composite trimmed a big loss to finish 33.88 points lower, or 0.3 per cent, at 11,354.62.

Rupee slips 7 paise to 77.63 against dollar

The rupee slipped 7 paise to close at an all-time low of 77.63 against US dollar on Friday, weighed down by unabated foreign fund outflows and elevated crude oil prices. At the interbank forex market, the rupee opened at 77.51 against the greenback and moved in a range of 77.49 to 77.63 in the day’s trade. The rupee finally ended at 77.63, down 7 paise over its previous close of 77.56

Sensex, Nifty on Friday

The Indian stock markets posted a strong recovery on Friday. Sensex surged 1534.16 points or 2.91 per cent to close at 54,326.39 points against its previous day’s close at 52,792.23 points. Nifty 50 surged 456.75 points or 2.89 per cent to 16,266.15 points against its previous day’s close at 15,809.40 points.

Good morning, dear reader! Here’s something to kickstart your trading day

Good morning, dear reader! Here's something to kickstart your trading day





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