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

1:30 PM

ALERT:: Samvardhana Motherson Q4 net plunges 73%; stock down 1%

Samvardhana Motherson today reported a sharp 73.3 per cent dip in net profit to Rs 106.04 crore for the quarter ended March 2023 when compared with Rs 397.27 crore in the corresponding quarter a year ago. Total income was up 4.8 per cent YoY at Rs 2,111.93 crore.

1:18 PM

Asian Market Update:: Nikkei, Shanghai hold marginal gains; Taiwan shines

Source: Yahoo Finance

1:06 PM

ALERT:: NCLAT quashes NCLT Mumbai adverse order on Zee Entertainment; stock zooms 5%

According to TV reports, NCLAT has quashed NCLT Mumbai adverse order on ZEe-Sony merger 

12:53 PM

MARKET CHECK: Sensex near day's high, reclaims 62,000-mark

12:48 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

12:40 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

12:30 PM

Star Health and Allied Insurance slumps 9% amid huge block deals

Till 11:41 am; a combined nearly 20 million shares or 3.5 per cent equity of Star Healthcare have changed hands on the BSE and NSE, the data shows. READ MORE

12:21 PM

Tata Motors on the green path, every 3rd vehicle to be either CNG or EV

Automaker to increase share of CNG-powered vehicles without compromising on comfort, features. READ MORE

12:12 PM

NCLAT to hear Zee Entertainment's plea challenging NCLT order today

NCLT had directed Indian bourses to reconsider their prior approvals for the merger of ZEEL and Culver Max Entertainment, formerly called Sony Pictures India. READ MORE

12:00 PM

Nykaa, Paytm, Zomato: How to trade new-age companies post Q4 results?

Barring Fsn E-Commerce Ventures and Delhivery, Zomato, Paytm, and PB Fintech may rally up to 19%, show technical charts. READ MORE

11:44 AM

Weak Q4 performance drags Page Industries to 19-month low; stock sinks 15%

The company said it experienced some impact on profitability due to higher inventory levels acquired during an inflationary period and lower than optimal capacity utilization. READ MORE

11:35 AM

Midcap index nears record high; Varun Beverages, Cummins climb new peaks

The midcap index hit an intra-day high of 26,705.56, was less than 2% away from its record high level of 27,246.34, touched on October 19, 2021. READ MORE

11:22 AM

India's 'mini-demonetisation' may have political motivations: Chris Wood

India will see a series of state polls this year and a general election in 2024. READ MORE

11:09 AM

TVS Motor at all-time high level, up 1%

10:50 AM

ITC market-cap hits Rs 5.5 trn; stock trades higher for 6th straight day

Thus far in the calendar year 2023, ITC has surpassed market value (mcap) of Infosys, SBI, HDFC, Bharti Airtel, Adani Enterprises and LIC. READ MORE