Sensex ends choppy day 42 pts up; Asian Paints jumps 8%, Tata Steel down 4%
On a weekly basis, both, the Sensex and the Nifty50 indices slipped around 1 per cent each
1:59 PM
Akshaya Tritiya begins on sombre note; jewellers expect 10-15% sales
Akshaya Tritiya, a highly auspicious day to purchase gold, has started on a sombre note and jewellers are expecting only 10-15 per cent sales as the onset of the COVID-19 second wave, local restrictions and partial lockdowns have affected consumer sentiment.
"As most of the states are under lockdown to curb the infections there is almost no business activity. The day of Akshaya Tritiya has begun on a slow note and whatever booking or enquiries are happening it is only through tele or digital medium," All-India Gems & Jewellery Domestic Council (GJC) chairman Ashish Pethe told PTI. READ MORE
1:43 PM
Prince Pipes soars 15%, hits fresh record high as Q4 profit grows 246% YoY
Shares of Prince Pipes and Fittings hit a new high of Rs 659.75, surging 15 per cent on the BSE in the intra-day trade on Friday, after the company reported a 246 per cent year on year (YoY) jump in its profit after tax (PAT) at Rs 97 crore for the fourth quarter of FY21 (Q4FY21) on the back of strong revenue growth. The company, engaged in integrated piping solutions & multi polymer manufacturers with seven strategically located plants across the country, had posted PAT of Rs 28 crore in the year-ago quarter. READ MORE
1:38 PM
Click here for the full list
Fall from intra-day high in BSE500 stocks in today's session
COMPANY | DAY'S HIGH(RS) | DAY'S LOW(RS) | LATEST(RS) | FALL(%) |
---|---|---|---|---|
Dish TV India | 13.46 | 11.91 | 12.21 | -9.29 |
Jindal Steel | 466.00 | 388.60 | 422.75 | -9.28 |
Adani Total Gas | 1330.45 | 1181.45 | 1211.40 | -8.95 |
Gujarat Alkalies | 457.00 | 416.00 | 418.95 | -8.33 |
1:33 PM
Tata Motors board to meet next week to consider fund-raise proposal
Tata Motors on Friday said its board will meet next week to consider a proposal to raise funds through various means. The board meeting is scheduled to be held on Tuesday, May 18, 2021 to consider and approve the audited financial results for the quarter and financial year ended March 31, 2021. READ MORE
1:21 PM
Nifty sectoral indices at this hour
1:15 PM
NEWS ALERT :: Welspun India to start supplies again to Target Corp US
Welspun India has again signed agreement with US-based retailer Target Corp. Co says, until FY16, business with Target Corp accounted for 10% of overall biz
1:14 PM
Platts cuts India's 2021 oil demand by 28%; sees crude topping $70
“Since the dramatic escalation of new cases in mid-to-late February, we have revised down India’s oil demand forecast by 135,000 b/d for 2021 – with downward adjustment of 175,000 b/d for April, 760,000 b/d for May, 830,000 b/d for June and 360,000 b/d for July – down from a forecast of 485,000 b/d made in February,” said Kang WU, head of global demand and Asia analytics at S&P Global Platts. READ MORE
1:01 PM
This smallcap pharma stock has zoomed over 100% in a month
The stock of the smallcap pharmaceuticals company was trading at its 52-week high level. In the past two trading days, it has rallied 44 per cent after the company said its subsidiary Synbiotics has ramped up the manufacturing capacity to meet the requirement of its most effective anti-fungal antibiotic in the post-Covid crisis. In comparison, the S&P BSE Sensex was down 0.29 per cent at 48,551 points. In the past one month, the market price of Ambalal Sarabhai Enterprises has zoomed 111 per cent in comparison to a 0.10 per cent rise in the benchmark index. The stock is listed only on the BSE. READ MORE
12:50 PM
Covid-19 vaccine update :: Russia's Sputnik V priced at Rs 1,000 per dose
>> RDIF’s COVID vaccine Sputnik V is presently priced at Rs 948 + 5% GST per dose, i.e. Rs 995.40
>> Prices will be lowered after local supply begins.
Alert: As part of a limited pilot, the soft launch of the vaccine has commenced and the first dose of the vaccine was administered in Hyderabad today on 14th May, 2021
>> Prices will be lowered after local supply begins.
Alert: As part of a limited pilot, the soft launch of the vaccine has commenced and the first dose of the vaccine was administered in Hyderabad today on 14th May, 2021
12:39 PM
Mid-market view | CapitalVia Global Research
Markets traded negatively after facing resistance at higher levels. Traders have taken a cautious route in the market after a lot of agencies revised their GDP growth target after the second Covid wave in India. With the lockdown in various parts of the country continuing to extend, the Retailers Association of India (RAI) said it is becoming increasingly difficult for retailers to retain employees and keep their companies alive, and that capital is needed to inject into the industry. This has added to the negative sentiments in the domestic markets. On Thursday, the US market ended sharply higher, bouncing back from three days of selling fueled by upbeat labor market results. Asian markets were mostly trading in the green, following the positivity in the global peers.
Nifty has continued to trade in a small range below the level of 14,750. The market is aligned to trade in a range between 14,500-15,050 in the coming week as well. If it breaks the level above 14,750 we can expect the market to trade till the level of 15,000-15,050.
12:29 PM
March Quarter Results :: Dr Reddy's Labs net profit stands at Rs 560 crore
>> Revenue: Rs 4,728 crore
>> Ebitda: Rs 1,133 crore
>> Ebitda margin: 24%
>> Dividend: Rs 25/share
>> Ebitda: Rs 1,133 crore
>> Ebitda margin: 24%
>> Dividend: Rs 25/share
12:27 PM
CEAT, Pricol: Auto ancillary stocks look set to rally further, charts show
Despite localised lockdows across states, shares of the auto ancillary firms have held their ground so far at the bourses over the past one month. Shares of Jay Bharat Maruti, for instance, are up 49 per cent over the past one month while those of Automotive Stampings and Assemblies, Motherson Sumi, Wabco India, JBM Auto, Hindustan Composites, Pricol, Minda Corporation, and Munjal Auto Industries are up between 10 per cent and 21 per cent, ACE Equity data show. READ MORE
12:26 PM
RBI tells lenders to reconsider ties with crypto exchanges, traders
India's central bank is informally urging lenders to cut ties with cryptocurrency exchanges and traders as the highly speculative market booms, despite a Supreme Court ruling that banks can work with the industry, three sources told Reuters. READ MORE
12:13 PM
Investors should have 10% of their portfolio in gold, say analysts
While gold has rewarded investors richly over the past three years (compound annual return was 14.8 per cent), it has been in correction mode over the past six months (down 5.8 per cent). If you plan to buy gold jewellery or coins for religious or cultural purposes this Akshaya Tritiya, you may do so. But if you plan to buy the yellow metal for investment purposes, you should be informed about the factors that could have a bearing on its price in the near future. READ MORE
12:02 PM
40 stocks take up three-fourths of institutional equity ownership in India
The equity ownership pattern of institutional investors for the quarter ended March 31 shows acute concentration of investments, with three fourths of their portfolios in just 40 stocks, a report by Kotak Institutional Equities observes. Forty stocks account for 75 per cent of FPIs’ equity portfolio in India, with HDFC Bank, Reliance Industries and HDFC being the top picks. READ MORE
Topics : MARKET WRAP Markets Sensex Nifty50
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: May 14 2021 | 8:01 AM IST