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

9:07 AM

PRE-OPEN SESSION | Nifty50 marches forward, trades above 18,350

9:05 AM

Rupee opens at 82.72/$ as against previous close of 82.75$

9:00 AM

Anil Agarwal's Vedanta pledges entire Hindustan Zinc stake to raise funds

Billionaire Anil Agarwal’s Vedanta Ltd has pledged its entire 64.9 per cent stake in Hindustan Zinc to raise funds, submissions to stock exchanges show. READ

8:57 AM

Emerging US debt deal would raise limit, cap spending for two years

Under the terms of the emerging agreement, defense spending would be permitted to rise 3% next year in line with President Joe Biden's budget request. READ

8:52 AM

Nvidia Corp's blowout forecast sparks almost $260 billion AI rally

The Santa Clara, company gained as much as 29 per cent in extended US trading, on course for a record high, after saying it expects about $11 billion of sales in the three months ending July. READ

8:48 AM

Sebi bans 3 entities for unregistered investment advisory services

Capital markets regulator Sebi on Thursday barred three entities, including Investocare Financial Research, from the securities markets for varying periods for providing unregistered investment advisory services. READ

8:41 AM

Invest severance package in debt funds, use SWP to create cash flows

Layoffs are making headlines every few days, both in India and abroad. Around 2 lakh workers have been laid off worldwide in the tech sector alone, according to a media report. Several Indian tech companies and start-ups have also cut jobs in 2023. READ

8:35 AM

Stocks to Watch today, May 26: Voda Idea, Hind Zinc, RIL, SAIL, Zee, Emami

SAIL: 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.

 

Hindustan Zinc: Billionaire Anil Agarwal’s Vedanta has pledged its entire 64.9 per cent stake in Hindustan Zinc to raise funds. Vedanta Resources, the London-based parent firm of Vedanta, has over the past month repaid all loans and bonds due in April this year, helped by a hefty dividend from the Indian subsidiary. READ MORE

8:27 AM

WATCH VIDEO | Will LIC stock become a wealth creator for investors?

8:19 AM

Nifty Energy, Commodities indices may languish in near-term, show charts

According to the technical analyst, traders must adopt 'sell-on-rise' strategy for both Nifty Energy, and Commodities indices. READ MORE

8:07 AM

F&O Strategy: Adopt Bull Spread Strategy for PFC, suggests HDFC Securities

Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities, recommends to buy 170 call option of PFC & simultaneously sell 180 call option of June series. READ MORE

8:00 AM

Gold price dips Rs 490 to Rs 60,870, silver falls Rs 1,000 to Rs 73,050

Gold price fell Rs 490 in Friday's early trade with 10 grams of the yellow metal (24-carat) trading at Rs 60,870, according to the GoodReturns website. Silver price declined Rs 1,000, with 1 kg of the precious metal selling at Rs 73,050. READ MORE

7:52 AM

DIIs purchased equities worth Rs 338 crore on May 25

7:46 AM

FIIs bought equities worth Rs 589 crore on May 25

7:39 AM

Oil prices on a slippery slope; Brent Crude at $75 per barrel

source: oilprice.com