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

10:42 AM

Wardwizard rises 1% after flagship brand launches new items across outlets

10:29 AM

PSU Bank stocks upbeat; Canara Bank jumps 2%

10:18 AM

Adani Green Energy in green after operational wind capacity crosses 1 GW

10:10 AM

EXPERT COMMENT | Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Two major factors - rupee appreciation and decline in US bond yields - that assisted the rally in Indian stock market in early May have reversed. Rupee has depreciated to 82.74 to the dollar and the U.S. 10-year yield has spiked to 3.82%. In spite of this negative development, FII inflows continue and imparts resilience to the market. Both FIIs and DIIs are buyers now, and this is a strong support to the market. Latest data reveals that the twin Balance Sheet  issues - stressed banking system and highly leveraged corporate sector - that plagued the Indian economy and corporate earnings have been addressed. The banking system is now in the pink of health with record profits and low NNPAs. The corporate sector is deleveraged. This turnaround can contribute to good corporate earnings, going forward. Private capex also is picking up. These augur well for the economy and equity markets.

10:00 AM

Zee Entertainment hits 52-week low, down 2% on weak March quarter earnings

The advertisement revenues decline (amid weak ad spends), higher movie content and Zee5 costs impacted margins and one-off charges further exacerbating the bottomline pain. READ MORE

9:53 AM

Sensex at 100,000? It's possible, believes Chris Wood of Jefferies

The target implies an upside of nearly 62 per cent from the current levels. Wood believes that India remains the best structural story across world markets. READ MORE

9:46 AM

Mazda soars 11% after the auto-company reports robust Q4FY23 results

The company posted a net profit of Rs 10.63 crore in Q4FY23, up 35.4 per cent from Rs 7.85 crore in Q4FY22. Total income rose by 25.8 per cent YoY to Rs 67.52 crore.

9:40 AM

Vi gains 1% after consolidated net loss narrows in Q4FY23

Voda Idea reported a consolidated net loss to Rs 6,418 crore in Q4FY23 on the back of an increase in operating expenses. In the same period last year, the company had posted a net loss of Rs 6,563 crore. Gross revenue increased by 2.8 per cent YoY to Rs 10,531 crore.

9:35 AM

SAIL declines 1% after consolidated net profit slips 53% YoY in Q4FY23

The steel major's consolidated net profit plunged 53.2 per cent to Rs 1,159.21 crore for the quarter ended March 2023 when compared with Rs 2,478.82 crore in the corresponding quarter a year ago. Total income too was down 5.6 per cent YoY at Rs 29,416.39 crore.

9:32 AM

Nifty Media, IT indices climb up to 0.7%; Pharma, private bank shares slump

9:26 AM

Midcaps, smallcaps outperform benchmark; India VIX slips 3%

9:24 AM

SENSEX HEATMAP | 8 out of 30 index counters sulk in red; NTPC rises 1%

9:21 AM

OPENING BELL | Nifty50 trades above 18,300 levels, up 20 pts

9:18 AM

OPENING BELL | Sensex opens over 100 points higher

9:10 AM

PRE-OPEN SESSION | Sensex up 100 pts, inches towards 62,000-mark