Sensex zooms 629 pts, Nifty ends at 18,500; RIL, Sun Pharma jump up to 3%

Stock market highlights on May 26, 2023: The BSE Sensex gained steam and surged 629 points to close at 62,502. The NSE Nifty edged 178 points to end at 18,499

3:40 PM

Nifty 50 Gainers:: RIL, Sun Pharma, Hindalco, HUL rally up to 3%

3:38 PM

Sensex 30 Heatmap:: 27 Gainers v/s 3 Losers

3:37 PM

CLOSING BELL:: NSE Nifty 50 settled with a gain of 178 pts at 18,499

3:34 PM

CLOSING BELL:: S&P BSE Sensex ends at fresh calendar year high at 62,502, higher by 629 pts

3:26 PM

NCLAT sets aside NCLT order on Zee Entertainment-Sony India merger

The National Company Law Appellate Tribunal (NCLAT) has set aside the order of NCLT directing bourses NSE and BSE to reconsider their approval for the Zee-Sony merger. READ MORE

3:17 PM

ALERT:: Info Edge Q4 net jumps 48%; stock soars 8%

Info Edge (Naukri) today reported a 48.2 per cent surge in Q4 net profit to Rs 178.93 crore for the quarter ended March 2023 as against Rs 120.70 crore in Q4FY22. Total income grew by 22.1 per cent YoY from Rs 497.62 crore to Rs 607.65 crore.

3:08 PM

ALERT:: Sun Pharma reports Rs 1,984 cr profit in Q4; stock jumps 2%

Sun Pharma today reported a Q4 consolidated net profit of Rs 1,984.47 crore for the quarter ended March 2023, in comparison the company had posted a net loss of Rs 2,277.25 crore in Q4FY22. Total income increased by 15.7 per cent YoY to Rs 10,930.67 crore.

2:58 PM

Mukesh Ambani joins global business leaders in COP28 Advisory Committee

Mukesh Ambani, Chairman and Managing Director, Reliance Industries, has been appointed as the member of Advisory Committee to the President of the 28th Session of the Conference of the Parties (COP28). READ MORE

2:50 PM

India likely to see listing of 4 REITs in next 18 months: CBRE India head

REIT, a popular instrument globally, was introduced in India a few years ago to attract investment in the real estate sector by monetising rent-yielding assets. READ MORE

2:37 PM

ALERT:: BEML Q4 net up 18%; stock gains 2%

BEML Q4 net profit rose 17.6 per cent to Rs 158.22 crore for the quarter ended March 2023 when compared with Rs 134.50 crore in Q4FY22. Total income, however, declined 16.5 per cent YoY to Rs 1,407.14 crore from Rs 1,685.23 crore.

2:25 PM

Stock of this heavy electric equipment company has zoomed 82% in 5 days

The stock of heavy electric equipment company traded higher for the fifth straight day, and zoomed 82 per cent after the company reported strong March quarter earnings (Q4FY23). READ MORE

 

2:15 PM

ALERT:: Mahindra & Mahindra Q4 net rises 15%; stock trades flat

Mahindra & Mahindra today posted a 15 per cent jump in Q4FY23 consolidated net at Rs 2,998.37 crore when compared with Rs 2,608.13 crore in Q4FY22. Total income increased by 25.3 per cent to Rs 32,849.56 crore from Rs 26,215.47 crore.

2:04 PM

Domestic steel demand to grow 7.5% in FY24: Indian Steel Association

The ISA said that with strong momentum in infra spending and sustained growth in urban consumption, steel demand in India would expand by 8-9 mt every year in the next two financial years. READ MORE

1:52 PM

Adani Wilmar enters whole wheat market in India under its brand Fortune

The company will offer several varieties of wheat, including, Sharbati, Poorna 1544, Lokwan, and MP Grade 1 in Delhi, Maharashtra, Madhya Pradesh, Gujarat and Rajasthan. READ MORE

1:40 PM

ALERT:: KPI Energy Green Q4 net zooms 222%; stock down 1%

KPI Energy Green Q4 net profit zoomed 222.3 per cent to Rs 31.78 crore for the quarter ended March 2023 as against Rs 9.86 crore in the corresponding quarter a year ago. Total income also more-than-doubled to Rs 184.412 crore from Rs 75.72 crore.