Stock Market Highlights, May 8: Benchmarks end flat after choppy session; Mid, SmallCap indices rise

Stock Market Highlights on May 8: The S&P BSE Sensex, after gyrating 611 points intraday, ended at 73,466, down 45 points. The Nifty, on the other hand, settled unchanged at 22,303

2:26 PM

Bharat Forge zooms over 9% on Q4 results, promising FY25 outlook

The surge came after the company announced its March quarter results (Q4FY24), and gave a promising FY25 outlook. READ MORE

2:12 PM

In charts: Nifty small and mid-cap stocks outperform market in April 2024

The Nifty small and mid-cap stocks outperformed the broader market in April 2024, according to a report by Motilal Oswal Asset Management Company.  The Nifty Microcap 250 and Smallcap 250 indices, which track the performance of the smallest 250 and 500 publicly traded companies in India, respectively, surged an impressive 10.6% and 10.5% in April. READ MORE

1:54 PM

United Spirits hits record high, rallies 4% on hopes of healthy Q4 earnings

The premiumization trends in the liquor category (post COVID) continued to drive the Prestige & Above (P&A) portfolio.. READ MORE

1:42 PM

Godrej Properties reduces net debt by 10% in Q4 on strong cash flow

Realty firm Godrej Properties has reduced its net debt by 10 per cent in the latest March quarter to nearly Rs 6,200 crore on strong sales and collections of funds from customers, its executive chairperson Pirojsha Godrej has said. READ MORE

1:34 PM

ALERT:: Nikkei slips 1.6% in mixed Asian trade

1:24 PM

Sonata Software plunges 15% on Q4 performance; profit declines 31% in FY24

Sonata Software, an IT firm, reported a 3 per cent year-on-year decline in net profit to Rs 110.36 crore for the fourth quarter ending March 2024, compared to Rs 113.77 crore in March 2023. READ MORE

1:09 PM

PSUs not in disarray, but thriving under Modi regime, says Sitharaman

Rebutting allegations by the Congress party that state-owned companies are in a disarray, Sitharaman said such claims are a textbook example of the pot calling the kettle black. READ MORE

12:55 PM

Breakout stocks: Dabur, ITC top FMCG picks, can gain up to 13%; hint charts

Dabur and ITC look stronger on charts compared to its peers HUL, Marico and Godrej Consumer Products. READ MORE

12:42 PM

Crompton Greaves stock rallies 5%, hits 52-week high on stable outlook

Crompton Greaves stock update: Company aims to deploy over 10,000 solar powered pumps under the PM-KUSUM Scheme in the next few years, in its efforts to make an impact in the energy efficiency category. READ MORE

12:30 PM

Market check:: Sensex rebounds, gains over 500 points from day's low

12:20 PM

CarTrade at 28-month high; rallies 30% in 1-week as Goldman Sachs ups stake

Goldman Sachs Asset Management B.V. said their holdings have increased to 2.42 million shares, representing 5.16 per cent of the capital of CarTrade as at May 3, 2024. READ MORE

12:09 PM

Auto retail sales up 27% in April, passenger vehicles make record

Automobile retail sales grew 27 per cent in April to 2.2 million units compared to the year before as demand grew in all categories and fuel prices were stable, said a group representing auto dealers. READ MORE

11:59 AM

Why are Indian stock markets falling, and is it a good time to buy?

Analysts attribute this fall in the Indian stock markets to Lok Sabha election 2024 outcome-related anxiety among investors amid global developments. READ MORE

11:44 AM

Jindal Saw sinks 8% despite solid Q4; tech chart shows support at Rs 491

Jindal Saw stock price sank 7.8 per cent to Rs 523.7 apiece on the BSE on Wednesday as investors booked profit in the counter post healthy March quarter (Q4FY24) results.

At 11:00 AM, the stock was trading 5 per cent lower at Rs 539 per share as against 0.5 per cent dip in the benchmark S&P BSE Sensex. Read more
 

11:29 AM

Indraprastha Gas surges 7% on decent Q4 results; net profit jumps 9%

Shares of Indraprastha Gas Ltd. (IGL) rose 7 per cent at Rs 468.20 a piece on the BSE in Wednesday’s intraday deals. In comparison, the S&P BSE fell 0.40 per cent at 23,221 levels.
 

This comes after the company reported a nine percent increase in its consolidated net profit to Rs 433.29 crore for the fourth quarter of fiscal year 2023-24 versus Rs 397.51 crore in the same period last year. Read more