Stock Market Highlights, May 2: Sensex ends range-bound session 128 pts up, Nifty near 22,650

Stock Market Highlights on Thursday, May 2: Markets settled with positive bias a day after the US Fed kept interest rates unchanged

1:59 PM

Manufacturing PMI slips to 58.8 in April from March's 16-year high

Indian manufacturing slowed down a bit in April but growth stayed robust to signal the second-best improvement in the sector's health in three and a half years, said a private business on Thursday. READ MORE

1:47 PM

ALERT:: Adani Ports Q4 net soars 77%; stock marginally up

Adani Ports today reported 76.9 per cent surge in Q4 consolidated net at Rs 2,014.77 crore for the quarter ended March 2024 when compared with Rs 1,139.07 crore in the year ago period. Total income increased by 16.5 per cent YoY to Rs 7,199.94 crore from Rs 6,178.35 crore. READ MORE

1:39 PM

Powell's reassuring tone may not be enough for inflation-spooked markets

Federal Reserve Chairman Jerome Powell's reassuring message following the central bank's monetary policy meeting may not calm frazzled US stock and bond investors, as uncertainty over the path of inflation intensifies the focus on upcoming data. READ MORE

1:27 PM

Disappointment in Lok Sabha poll outcome will be short-lived: Pradeep Gupta

The Indian markets appear to be expensive, on an absolute basis, with 1-year forward valuation at 20 times. The overall risk/reward ratio, thus, seem unfavourable on a historical basis, Gupta said. READ MORE

1:17 PM

ArcelorMittal Q1 earnings beat expectations; expects 3-4% steel demand

The Luxembourg-based company said its first quarter core profit (EBITDA) was $1.96 billion, higher than the average forecast in a company poll of $1.81 billion, but lower than a year before. READ MORE

1:05 PM

BHEL up 7%, hits 12-year high on pact with HIMA for railway signaling biz

The market price of BHEL has recovered 45 per cent from March month low of Rs 207.20. At 11:06 am; the stock was trading 3 per cent higher at Rs 290.60, as compared to 0.34 per cent rise in the S&P BSE. READ MORE

12:53 PM

ALERT:: Federal Bank Q4 net rises marginally; total income up 23%

Federal Bank today reported a net profit of Rs 906.30 crore on a standalone basis for Q4FY24 as against Rs 902.61 crore in Q4FY23. Total income rose 23.4 per cent YoY to Rs 6,732 crore from Rs 5,454 crore.

12:48 PM

Federal Bank hits record high amid report KVS Manian may join as MD & CEO

According to reports, KVS Manian could replace Federal Bank's MD and CEO Shyam Srinivasan, whose term ends in the last week of September 2024. READ MORE

12:36 PM

ICICI Bank stock trades lower even as bank denies Sandeep Bakhshi's exit

ICICI Bank "categorically denied" reports regarding MD Sandeep Bakhshi allegedly expressing willingness to leave his position. READ MORE

12:25 PM

ALERT:: Honasa teams-up with Dr Vanita Rattan for skincare product development; stock down 2%

Honasa Consumer in an exchange filing on Thursday said, that its brand The Derma Co announced a first-of-its-kind collaboration with Dr Vanita Rattan (Dr V), a renowned doctor, cosmetic formulator, and influential figure from the UK to develop skin care products for the Indian population.

12:13 PM

BSE Realty index down 1.5% in a rising market; Godrej Properties weighs

Real-estate stock update: Realty stocks were witnessing some profit-taking on Thursday, as the BSE Realty index has rallied over 23 per cent so far in 2024. READ MORE

11:56 AM

Vedant Fashions stock falls 3% post Q4 as analysts cautious on FY25 outlook

Shares of Vedant Fashions fell as much as 2.93 per cent to an intraday low of Rs 925.95 apiece, on Thursday, despite a 6.3 per cent increase in March quarter (Q4FY24) profit. READ MORE

 

11:34 AM

Netweb Tech locks in 5% upper circuit after profit shoots up 181% in Q4

The cloud services company, Netweb Technologies’s share gained and locked in 5 per cent upper circuit at Rs 1765.40 a piece on the BSE in Thursday intraday trade. A total of 8,222 stocks of the company changed hands on the BSE. In comparison the S&P BSE Sensex rose 0.30 per cent at 74,740 levels. READ MORE

11:19 AM

Godrej stocks rally up to 9%; Godrej Properties down 4%

Shares of Godrej Group companies rallied up to 9 per cent on the BSE in Thursday's intra-day trade after the Godrej family on Tuesday announced an ownership realignment of their shareholdings in the Godrej Companies. READ MORE

11:00 AM

ICICI Bank denies report of MD & CEO Sandeep Bakhshi wanting to quit

ICICI Bank has denied a new portal’s article that the lender’s managing director (MD) and chief executive officer (CEO) Sandeep Bakhshi is considering stepping down from his position. READ MORE