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May 5, 2023 4:11 PM

Market This Week | Friday’s fall takes away entire weekly gains, Sensex, Nifty flat for the week

Nifty Bank slips more than one percent this week with HDFC being the biggest contributor

Volatility index surges 12 percent this week to record biggest weekly gains in four months

35 of 50 Nifty stocks record gains this week, Maruti, Asian Paints, Titan top gainers

IndusInd, HDFC Bank, UPL, HDFC and Sun Pharma are top Nifty losers

Chola Investment, IndiaMART, MRF, M&M Fin, ABB, TVS top Midcap gainers

Manappuram, RBL, UBL, Federal Bank, Dabur, Bharat Forge are top Midcap losers

May 5, 2023 4:08 PM

Stock Market Update | Geojit's Vinod Nair on market

"The Indian market was dragged down by heavy selling in HDFC twins on fears of post-merger fund outflow. In addition, the cues from global peers were lacklustre as the ECB raised rates by 25bps and signalled the need for further rate hikes. Wall Street has witnessed prolonged selling pressure due to apprehensions in the banking sector about the strength of regional banks," says Vinod Nair, Head of Research at Geojit Financial Services.

May 5, 2023 4:02 PM

Market At Close | Sensex, Nifty 50 record biggest single-day fall in two months

MSCI registration news leads to a fall of six percent each for HDFC and HDFC Bank, biggest in three years.

HDFC Bank and HDFC drag Nifty by 172 points and HDFC Bank contributes 85 percent to Nifty Bank's fall

Sensex falls 695 points to 61,054 and Nifty 187 points to 18,069

Nifty Bank slips 1,024 points to 42,661 and Midcap index 225 points to 32,149

HDFC and HDFC Bank slip six percent each to record biggest fall in three years

IndusInd sees a fall of more than five percent and is amongst top Nifty losers

Metal stocks remain weak on falling prices, Hindalco and Tata Steel fall two percent each

Titan sees buying in Friday’s session as March quarter earnings come in-line with estimates

Auto stocks largely close higher with Hero and TVS reporting a healthy set of earnings

Federal Bank sees a decline of eight percent as NII and Margin come below estimates

Bharat Forge closes with minor cuts following in-line March quarter earnings

Chola Investment continues to see buying while Dabur falls five percent after results

Market breadth favours declines, advance-decline ratio at 1:2

BSE Companies Gain Market Cap Of `35,000 Cr Despite Mkt Closing In The Red

May 5, 2023 3:33 PM

Market Update | Nifty Bank index slumps 1,000 points

The Nifty Bank index is down 1,020.95 or 2.3 percent. Barring ICICI Bank, all index constituents are trading with losses. Federal Bank, HDFC Bank and IndusInd Bank, down five to 8.3 percent, are the top index losers.

May 5, 2023 3:28 PM

Stock Market Update | Indian Hotels continues to hit new highs after March quarter earnings beat, summer travel sentiment

Indian Hotels' Puneet Chhatwal told CNBC-TV18 on April 28 that the ICC Cricket World Cup, Return of foreign tourists, and the G20 summits are the key triggers for the company. (Read more)

May 5, 2023 3:23 PM

Share Market Update | Federal Bank shares fall despite above estimates March quarter numbers

The shares of the bank are down 8.4 percent at this hour.

Read more on Federal Bank Q4

May 5, 2023 3:08 PM

Market Update | Nifty Private Bank index down 500 points

The Nifty Private Bank index is down 531.2 points or 2.4 percent. Barring Axis Bank and ICICI Bank, which are up 0.4 to one percent, all index stocks are trading with losses. Federal Bank, HDFC Bank and IndusInd Bank, down 5.2 to 7.9 percent, are the top index losers.

May 5, 2023 3:00 PM

Stock Market Update | Tata Power expects demand to peak to 230 GW this year even as rains make it tough to forecast

Tata Power says demand for power grew nine percent in FY23 and that there has been a huge increase in demand from all sectors, not only from industrial and commercial but also the residential sector. It expects demand to peak in the range of 230 gigawatt (GW) in the current fiscal. (Read more)

May 5, 2023 2:53 PM

Market Update | Sensex down 500 points, Nifty 50 below 18,150

The Sensex is down 0.8 percent or 517.2 points at 61,235.5, while Nifty at 18,116.6 down 139.2 points or 0.8 percent from its previous close.

May 5, 2023 2:46 PM

Nifty 50 Update | Nifty 50 at 18,139.5, down 116.3 points or 0.6 percent

HDFC Bank is contributing 98.1 points towards the index downside.

HDFC is contributing 62.5 points towards the index downside.

Infosys is contributing 11.5 points towards the index downside.

IndusInd Bank is contributing 6.7 points towards the index downside.

M&M is contributing 3.5 points towards the index downside.

May 5, 2023 2:28 PM

Share Market Update | Symphony shares fall over 4% on quarterly numbers

The shares of the air cooling solutions company are down 4.5 percent at this hour.

The company reported a 75 percent fall in net profit at Rs 16 crore against Rs 64 crore in the year-ago period. The revenue is down 19.8 percent at Rs 308 crore vs Rs 384 crore year-on-year. EBITDA down 68 percent, while EBITDA margin at 8.8 percent, down from 22.4 percent in the corresponding period in the preceding year.

May 5, 2023 2:14 PM

Stock Market Update | Technical Picks From Hemen Kapadia of KRChoksey Securities

- Buy Ambuja Cements with a stop loss of Rs 388 and price target of Rs 418

- Buy Bajaj Finserv with a stop loss of Rs 1,345 and price target of Rs 1,420

May 5, 2023 2:09 PM

Stock Market Update | MRF Hits All-Time High

- Makes new all-time high of Rs 98,900

- Crosses previous record high of Rs 96,000 in November 2022

- Has gained in six out of the last seven trading sessions

- Shares have gained 12 percent so far this year

May 5, 2023 1:59 PM

Stock Market Update | Dabur shares fall despite two-thirds of the analysts recommending a buy post results

While overall growth has lagged expectations, the company continues to gain market share across its portfolio and remains a strong player in rural recovery, Morgan Stanley said. (Read more)

May 5, 2023 1:27 PM

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