Stock Market Highlights, May 27: Sensex, Nifty slip into red in fag-end; metal, auto stocks weigh

Stock Market Highlights on May 27, 2024: Among sectors, the Nifty PSU Bank index gained over 1 per cent, and the Nifty Bank 0.6 per cent

1:54 PM

Aster undertakes Rs 250-cr expansion in Bengaluru, plans to add 350 beds

Aster CMI Hospital, located in Hebbal, Bengaluru, spans 445,000 square feet. With this development, the company is strengthening its presence in Bengaluru, bringing its total bed capacity to 1,602. READ MORE

Photo: Shutterstock

1:42 PM

Ashok Leyland soars 6%, hits new high on healthy Q4 operational performance

Ashok Leyland stock price: Demand momentum in domestic market continues to remain healthy, led by pick-up in replacement demand. READ MORE

1:32 PM

NSE lowers tick size to 1 paisa: Over 1,300 stocks to be impacted

Analysts believe a lower tick size can bolster price discovery and market efficiency, rendering trading more appealing for both retail investors and traders. READ MORE

1:21 PM

Bosch soars 5% on strong Q4 results; up 45% in last 6 months

Bosch's net profit rose 41.5 per cent on a year-on-year (Y-o-Y) basis to Rs 564 crore, from Rs 399 crore in the same quarter a year ago (Q4FY23). READ MORE

1:10 PM

Foreign investors eye Indian long-term bonds as JPMorgan inclusion nears

Overseas investors are buying longer-duration Indian government bonds ahead of their inclusion in JPMorgan's emerging market debt index, as they expect these securities to draw a large chunk of passive flows. READ MORE

12:57 PM

Pharma stocks in focus; Astrazeneca, Glenmark, Divi's, Torrent soar upto 9%

Torrent Pharma hits a new high of Rs 2,839.90, surging 9% in the intraday trade after the company reported a strong 56% Y-o-Y jump in Q4 profit. READ MORE

12:42 PM

5 Breakout stocks: Aavas, HFCL, Tata Chem can potentially zoom up to 20%

Chart check on May 27: LTIMindtree and Tata Technologies are the other two seen trading above the higher-end of the Bollinger Bands on the daily scale on Monday. READ MORE

12:23 PM

Indian bonds best bet in Asia for JPMorgan asset before inclusion

JPMorgan Asset joins a slew of global investors, including Abrdn Plc and Zurich-based Vontobel Asset Management, in turning to Indian bonds ahead of their inclusion. READ MORE

12:07 PM

Goldman Sachs ups India 2024 GDP forecast to 6.7%; sees RBI rate cut in Q4

RBI's MPC has sounded cautious on sticky food inflation, Goldman Sachs said, owing to supply-side disruptions due to the ongoing hot weather conditions in many parts of India. READ MORE

11:52 AM

Kolte-Patil Developers share price drops 7% on Rs 26-crore Q4FY24 net loss

New area sales volume, meanwhile, was 1.03 million sq. ft., up 6 per cent Y-o-Y from 0.97 million sq. ft, and 4 per cent Q-o-Q from 0.98 million sq. ft. in Q3FY24. READ MORE

11:36 AM

Jefferies to Nuvama: These brokerage have raised NTPC target price post Q4

Meanwhile, Nuvama pointed out that NTPC missed its 4QFY24E adjusted profit after tax, despite a 13 per cent higher year-on-year (Y-o-Y) regulated equity, indicating profit growth spill-over to FY25. Analysts highlighted FY24 consolidated profit after tax (PAT) rose 25 per cent year-on-year (Y-o-Y), on higher subsidiaries’ and joint venture (JV) share in profit. READ MORE

11:19 AM

ALERT :: NSE to launch 1 paisa tick size for all stocks below Rs 250

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11:05 AM

ALERT :: Transformers and Rectifiers (India) tests, supplies 220 MVA, Electric Arc Furnace Transformer

>> The company has successfully tested and supplied 220 MVA, Electric Arc Furnace Transformer, the world’s third-largest.

>> This transformer is supplied to one of the world’s leading companies engaged in production of steel plant.

10:50 AM

Centre targets Rs 10,000 crore from monetisation of ports in FY25

The Ministry of Ports, Shipping and Waterways has submitted a monetisation pipeline of Rs 10,000 crore, consisting of five-seven projects, to NITI Aayog — the central think tank and nodal government body for asset monetisation — according to a senior government official. READ MORE

10:38 AM

F&O Alert: These 3 Nifty stocks trade with high PCR; check key levels here

Technically, the NSE Nifty 50 index has recovered smartly from a mid-month correction, and is up 5.2 per cent (1,136 points) from its recent low of 21,821 hit on 13th May. The Nifty hit a record high at 23,026 on Friday, 24th May, 2024. READ MORE