Stock Market Highlights, May 3: Sensex plunges 733 pts, Nifty below 22,500 in broad sell-off

Stock Market highlights on May 3:24 of the 30 Sensex stocks, and 35 of the 50 Nifty stocks closed in the negative zone led by L&T, Maruti Suzuki, Reliance Industries, Nestle India, and JSW Steel

3:45 PM

Comment :: Why did large-caps fall more on May 3?

Profit booking and a degree of caution ahead of the release of the US non-farm payroll resulted in selling pressure in the market. However, the absence of significant negative surprises in Q4 earnings thus far, along with a decline in oil prices, might help to mitigate the downside. Though the correction was broad-based, the large-cap stock was the key underperformer due to the moderation of FII's exposure to the domestic market.

Views by: Vinod Nair, Head of Research, Geojit Financial Services

3:43 PM

Currency Check :: Rupee ends 4 paise higher at 83.43 vs Thursday's close of 83.47/$

3:42 PM

Broader markets :: Mid, SmallCap indices outperform benchmarks

3:40 PM

Sensex Heatmap :: 24 stocks sink; Bajaj twins among top gainers

3:39 PM

Closing Bell :: Nifty ends below 22,500

3:38 PM

Closing Bell :: Sensex ends off lows, still down over 700 pts

3:30 PM

Sebi streamlines digital onboarding for portfolio managers' clients

The move came after Sebi observed certain operational challenges in complying with the requirement of a handwritten note on the annexure of fees in the agreements, including the non-availability of a stylus at the location of the investors. READ MORE

3:22 PM

ALERT :: Raymond announces Q4 results, consolidation of Engineering biz

Click here for March quarter results

Click here for update on Engineering vertical 

Click here for Acquisition update

3:05 PM

ALERT:: HFCL Q4 net jumps 39%; stock off day's low

HFCL today reported 39 per cent growth in Q4 consolidated net at Rs 109.36 crore for the quarter ended March 2024 when compared with Rs 78.68 crore in the quarter a year ago. Total income, however, was down 7.4 per cent YoY at Rs 1,339.67 crore. 

2:56 PM

Go Fashion hits 52-week low, tanks 11% on weak Q4 earnings; profit down 12%

Total revenue, however, grew 15 per cent to Rs 181.70 crore, against Rs 157.60 crore in the corresponding quarter of the previous year. READ MORE

2:47 PM

ALERT:: US, UK stock futures trade with positive bias

2:38 PM

BofA upgrades Voda Idea stock; telcos may up tariff by 20-25% post LS polls

However, the Vodafone Idea stock is not a 'buy' yet as BofA awaits further clarity on funding position improvement post fiscal 2025- 26 (FY26) as the spectrum moratorium ends. READ MORE

2:27 PM

ALERT:: Adani Green Q4 net plunges 43%; stock trades flat

Adani Green today reported 43.3 pr cent dip in Q4 net at Rs 330 crore for the quarter ended March 2024 as against Rs 582 crore in the year ago quarter. Total income was down 5.7 per cent YoY at Rs 2,806 crore from Rs 2,977 crore.

 

2:16 PM

ALERT:: Steel Exchange reports Q4 turnaround; stock up 0.5%

Steel Exchange of India today reported a net profit of Rs 19.75 crore for the quarter ended March 2024 as against a net loss of Rs 42.61 crore in the year ago quarter. Total income, however, declined 21.5 per cent YoY to Rs 313.24 crore from Rs 399.07 crore.

2:08 PM

ALERT:: Go Fashions Q4 net up 5%; stock down 2%

Go Fashions today reported a 5.1 per cent growth in Q4 net profit at Rs 14.42 crore for the quarter ended March 2024 as against Rs 13.72 crore in the year ago quarter. Total income rose 16.9 per cent YoY to Rs 187.29 crore from Rs 160.20 crore.