Sensex vaults 1,422 pts, most in 10 years, after exit polls predict NDA win

All that happened in the markets today

12:14 PM

Adani Enterprises extends gains, up over 20%

12:13 PM

Stock market sees best post-exit poll intra day rally since 1999 elections

The benchmark indices on Monday posted their biggest post exit poll intra-day gain since the 1999 Lok Sabha elections with the S&P BSE Sensex and Nifty50 rallying nearly 2.5 per cent each, expecting ruling the Narendra Modi – led Bharatiya Janata Party (BJP) to return to power at the Centre. Exit polls showed the incumbent government bagging close to 300 seats in the recently concluded Lok Sabha elections. READ MORE

12:08 PM

Market check | Nifty pips 11,700

12:06 PM

Market check | Sensex mounts 1,000 pts

12:05 PM

NEWS ALERT | JK Tyre promoter creates pledge on 40 lakh shares on May 13

11:43 AM

Zee Entertainment slips over 3%

11:39 AM

There's an opportunity to buy good stocks now: Sudip Bandyopadhyay

Stock market got off to a strong start on Monday with both the benchmark indices, S&P BSE Sensex and NSE's Nifty50 rallying over 2 per cent each. Investor sentiment got a major boost after most exit polls predicted thumping majority for NDA (National Democratic Alliance) in the Lok Sabha Elections 2019. READ MORE

11:31 AM

NEWS ALERT | Sensex's biggest intra-day gaining streak in 10 yr; up over 950 pts

11:29 AM

Buzzing | ITI Ltd is up over 13%

11:27 AM

Elara Capital on Bajaj Auto

Rating: SELL

 

Target Price : INR 2386

 

Downside : 22%

 

CMP : INR 3040 (as on 17 May 2019)

Bajaj Auto (BJAUT IN) EBITDA declined 13% YoY to INR 11.6bn (2% below our est); while EBITDA margin dipped 390bp YoY at 15.7% (90bp below our est) owing to higher than expected RMC/Sales (up 310bp YoY and down 50bp QoQ to 72.3% vs our est of 71%). Revenues grew 9% YoY at INR 74bn (3% above our est) led by 14% YoY volume growth; though net realization declined 5% YoY while grew 5% QoQ. Realization grew QoQ due to higher Pulsars in overall mix. Debtor days increased substantially to 31 days from 22 days YoY due to credit given to dealers.

11:25 AM

Exit polls and markets: Beware! Play the expected euphoria with caution

Markets remained highly volatile during last week with the Nifty conquering the 11,400 mark after threatening to go below 11,100 early in the week. It started the week on a pessimistic note, after IIP contracted to 0.1 per cent in March 2019, the lowest in 21 months. Continued selling by the FIIs ahead of the General Election outcome and the prevailing trade war tensions between US and China kept the market nervous. Sentiments got further hit after Indian Met department’s announcement of a late arrival of monsoon, dampened the early revival prospects of consumption focused sectors. READ MORE

11:17 AM

IndusInd Bank gains over 5%

11:12 AM

NDTV is trading over 5% lower ahead of results

11:10 AM

Polyspin Exports slips over 16% in trade

11:08 AM

NEWS ALERT | Flash Electronics filed a lawsuit in the US against Royal Enfield for patent infringement: CNBC TV-18