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May 23, 2023 3:55 PM

Stock Market Update | Geojit's Vinod Nair on market

"Domestic benchmark indices closed flat after a positive session, driven by buying in the metal, pharma, and auto sectors. However, market sentiment was challenged by a sell-off in IT stocks, influenced by weak signals from the US market. The direction of the US market is anticipated to impact global equities, with investors closely monitoring upcoming events such as the release of FOMC minutes, US PMI, and progress in debt-ceiling talks," says Vinod Nair, Head of Research at Geojit Financial Services.

May 23, 2023 3:54 PM

Market At Close | Sensex, Nifty 50 fail to hold intra-day gains, close flat amid volatility

Midcap outperformance keep market breadth slightly in favour of advances

Midcap index closes nearly one percent higher against a flat close for Sensex and Nifty

Sensex rises 18 points to 61,982 and Nifty 34 points to 18,348

Nifty Bank gains 69 points to 43,954 and Midcap index 206 points to 32,962

Adani Group crosses market capitalisation of Rs 11 lakh crore intra-day, all stocks higher for third day

Adani Ports recoups all losses seen after Hindenburg report, gains up to eight percent

Divi’s Lab continues gaining momentum on positive commentary, top Nifty gainer

MCX surges five percent as company looks to complete shifting to new software before June

Delta Corp, Bandhan Bank and Balkrishna Ind amongst top Midcap gainers

Poonawalla Fin hits 52-week high, overtakes Federal Bank in terms of market capitalisation

ITI rises four percent on Rs 3,889 crore order from BSNL for its 4G rollout

BPCL rises 1.5 percent after posting better-than-estimate March quarter results

Shree Cement ends in the green but off highs on mixed March quarter earnings

NMDC, Dixon, Biocon, Fortis close higher ahead of March quarter results

Indoco Remedies, J Kumar Infra, HEG, Borosil end in the red after results

Fusion Micro, Dhanlaxmi Bank see profit booking after a strong set of earnings

Market breadth favours advances with advance-decline ratio at 1:1

BSE companies gain market capitalisation of nearly Rs 1 lakh crore on Tuesday

May 23, 2023 3:36 PM

Rupee Check | Rupee ends higher at 82.80 vs the US dollar

The rupee closed at 82.83 vs the greenback on Monday.

May 23, 2023 3:35 PM

Stock Market News | Akzo Nobel reports March quarter results

The company reports a net profit of Rs 95 crore, up 27 percent from Rs 74.7 crore in the year-ago period. Revenue up 10 percent, while EBITDA up 29 percent. Margin at 16.2 percent, up from 13.7 percent in the year-ago period.

May 23, 2023 3:20 PM

Share Market News | Indo National reports March quarter results

The company reports a net loss of Rs 2.6 crore for the Jan-March quarter, against the loss of Rs 6.7 crore year-on-year. Revenue up 18 percent at Rs 143 crore vs Rs 121 crore a year ago. EBITDA at Rs 5 crore, against a EBITDA loss of Rs 6 crore in the year-ago period.

May 23, 2023 3:04 PM

Market Update | Indices ease gains – Sensex up 100 points, Nifty 50 below 18,400

The Sensex is up 129.5 points or 0.2 percent at 62,093.2, Nifty 50 at 18,378.2, up 63.8 points or 0.4 percent from its previous close.

May 23, 2023 2:44 PM

Stock Market News | Kaveri Seeds reports March quarter earnings

The company reports a net loss of Rs 16 crore, against a loss of Rs 11.8 crore in thr year-ago period. Revenue is up 10.7 percent for the quarter under review at Rs 73.7 crore. EBITDA loss of Rs 16.7 crore vs EBITDA loss of Rs 10.9 crore on year-on-year basis.

May 23, 2023 2:31 PM

Share Market News | Shilpa Medicare gets US drug regulator nod for lung cancer injection

The pharma company receives US Food and Drug Association nod for Pemetrexed injection used in the treatment of non-small cell lung cancer and malignant pleural mesothelioma. According to IQVIA MAT Q1 2023 data, the US market for the injection is approximately $735.3 million.

May 23, 2023 2:10 PM

Adani Group Update | All Group stocks in the green, Adani Enterprises up 14%

The Group's flagship Adani Enterprises is up 14.4 percent, while the other Nifty 50 constituent Adani Ports is up 2.7 percent.

May 23, 2023 1:57 PM

Stock Market News | BEL expects to cross Rs 20,000 crore revenues in FY24 with 21 to 23% margins

The Navratna PSU is looking to export products to neighboring and friendly countries. In FY23, export stood at $48 mn, which is expected to cross $90 to 100 mn in FY24. (Read more)

May 23, 2023 1:52 PM

Market Update | Volatility index rises over 1%

The India VIX — also known as the volatility index — is up 1.6 percent at this hour.

May 23, 2023 1:38 PM

Share Market News | Venus Remedies gets GMP certificate from Kenya for all Baddi facilities

Research-based pharmaceutical company Venus Remedies’ shares jumped over 2 percent on Tuesday afternoon after the firm announced that it has received a Good Manufacturing Practices (GMP) certification from Pharmacy and Poisons Board (PPB) of the Kenyan Health Ministry for all its production facilities in Baddi. The GMP from Kenya is estimated to be a $780 million market. (Read more)

May 23, 2023 1:22 PM

Global Market Cue | European markets lower as US debt ceiling talks progress

The British FTSE and the biggest European market by volume, German DAX were last trading 0.2 percent lower. French CAC was last trading 0.4 percent lower.

May 23, 2023 1:01 PM

Stock Market Update | Top Stocks To Buy/Sell

Here are two recommendations by technical analyst Mitessh Thakkar:

Buy Indian Oil Corporation for a targets of Rs 94 with a stop loss at Rs 87.50.

Buy HPCL for an upside target of Rs 272 with a stop loss below Rs 256.

May 23, 2023 12:42 PM

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