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

10:47 AM

Biz split impact: 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.

According to the settlement plan, listed entities including Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet and Astec Lifesciences will have Nadir Godrej as chairperson. In control, besides Nadir Godrej will be Adi Godrej, and their immediate family members. Read more

10:33 AM

BSE up 3% on hiking transaction charges for Sensex, Bankex contract options

Shares of the Bombay Stock Exchange (BSE) scaled up to 3.2 per cent at Rs 2,880 a piece on the NSE in Thursday’s intraday trade. In comparison the Nifty 50 index rose 0.21 per cent at 22,654 levels. Read more

10:04 AM

Indian Oil resumes buying Russian crude oil delivered on Sovcomflot ships

Indian Oil Corp. resumed buying Russian crude oil delivered on a tanker owned by Sovcomflot PJSC this week, paving the way for a restoration of oil flows between Russia and India, after tightened US penalties had disrupted shipments. READ MORE

9:50 AM

Lowering prices to weigh down earnings of Indian API players in near term

The prices of active pharmaceutical ingredients (APIs) have fallen drastically in the last one year and this comes at a time when revenue growth for Indian API players is bottoming. Analysts, thus, concur that the listed API entities will continue to see lower revenue traction in coming quarters as well. READ MORE

9:47 AM

Adani Wilmar stocks fall after mixed set of March quarter results

9:44 AM

Adani Power shares drop after Q4 profit falls 48%

9:41 AM

Ambuja Cements stocks fall despite strong Q4 results

9:31 AM

Delhi HC asks SpiceJet to pay Rs 50 cr or face grounding of two engines

The Delhi High Court, on Wednesday, granted SpiceJet a final chance to settle a payment of Rs 50 crore to its engine lessors, Team France and Sunbird France. READ MORE

 

9:30 AM

Asian Paints, M&M were the top gainers on the BSE while Maruti Suzuki and Kotak Mahindra Bank were top losers

9:27 AM

Sectorally, Nifty FMCG led with 0.52% gains, followed by Consumer Durables

9:24 AM

In the broader markets, Nifty MidCap rose marginally while SmallCap fell 0.05%

9:19 AM

Sensex rises 0.19% to 74,621.13 levels at opening

9:18 AM

Benchmark index Nifty 50 opens 0.14% higher at 22,636.10 levels

9:12 AM

Cognizant Q1 profit declines 6% to $546 million, revenue dips 1.2%

Nasdaq-listed Cognizant Technology Solutions has maintained its full-year 2024 revenue to be in the range of $18.9-19.7 billion, or a decline of 2 per cent to a growth of 2 per cent in constant currency. The second quarter revenue is expected to be in the range of $4.75-4.82 billion, a decline of 2.5 per cent to a decline of 1 per cent in constant currency. READ MORE

9:08 AM

Gold price falls Rs 10 to Rs 71,500, silver falls Rs 100 to Rs 82,900

The price of 24-carat gold fell Rs 10 in early trade on Thursday, with ten grams of the precious metal trading at Rs 71,500, according to the GoodReturns website. The price of silver fell Rs 100, with one kilogram of the precious metal selling at Rs 82,900. READ MORE