Stock Market Highlights, May 6: Sensex, Nifty end flat; broader indices fall 1% as financials bleed

Stock Market Highlights on May 6: Kotak Bank, HUL, TCS, M&M, Sun Pharma, and Tech M were the top gainers on the Sensex

1:57 PM

ALERT:: ICRA retains credit rating on V-Mart Retail; stock down 2%

V-Mart Retail in an exchange filing today said, ICRA has retained ICRA double A minus  with stable outlook and ICRA A one plus on long-term bank limits and short-term bank limits, respectively. 

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1:45 PM

Dr Reddy's Q4 Preview: Here's what key brokerages expect from its results

Indian pharmaceutical giant Dr Reddy's Laboratories is set to witness a single to double digit growth in sales on a year-on-year (Y-o-Y) basis for the fourth quarter of financial year 2023-24 (Q4FY23). READ MORE

1:33 PM

ALERT:: Arvind Q4 net up 47%; stock down 1%

1:20 PM

Market check:: Nifty near day's low, down 40 points

1:15 PM

Asian Market Update:: Shanghai gains 2%, Hang Seng up 0.5%

1:01 PM

Adani's Dhamra LNG in talks with banks to borrow $600 million for gas unit

Billionaire Gautam Adani’s conglomerate is seeking an offshore loan of about $600 million to refinance existing debt, according to people familiar with the matter. READ MORE

12:51 PM

Winsol Engineers IPO opens on May 6: Check subscription, GMP, price band

Winsol Engineers IPO, which opened on May 6, 2024, has garnered strong investor interest, with the public issue being subscribed 10.64 times, as of 12:33 PM.  READ MORE

12:43 PM

ALERT:: CarTrade Tech Q4 net jumps 43%; stock soars 7%

CarTrade Tech today reported a 42.8 per cent surge in consolidated net profit at Rs 24.97 crore for Q4FY24 when compared with Rs 17.49 crore in Q4FY23. Total income rose by 37.7 per cent YoY to Rs 160.61 crore from Rs 116.60 crore.

12:31 PM

Q4 impact: Britannia stock up 10%, logs sharpest intraday gain in 18 months

Upbeat outlook, healthy dividend triggers sharp rally in Britannia stock. Here's what bokerages say post Britannia's Q4 results. READ MORE

12:15 PM

Bond buyback signals RBI's easing stance, may switch to neutral, says Citi

While liquidity tightness was not acute in April and overnight rates had not hit the MSF ceiling, the RBI probably anticipated election-related constraints on govt 

spending could tighten liquidity. READ MORE

11:59 AM

This smallcap stock has surged 74% from March low; zoomed 280% in 1 year

Shares of The Anup Engineering hit a new high of Rs 2,186.95 as they rallied 19% on the BSE in Monday's intraday trade. READ MORE

11:47 AM

Vi steps up talks with Nokia, Ericsson to accelerate 4G network enhancement

Vodafone Idea intends to allocate Rs 13,000 crore for capital expenditures, with over half of it earmarked for expanding its 4G infrastructure. READ MORE

11:35 AM

AEL, Adani Ports: Trading strategies for Adani Group stock post Q4 results

Adani Group stocks technical outlook; Adani Enterprises, ACC and NDTV seem negative on the charts, while Adani Ports, Adani Green and Ambuja Cements hold promise. Other Adani stocks seen range-bound. READ MORE

11:22 AM

Titan stock price drops 7% on May 06. Why brokerages have cut target price

Titan shares plunged 7.02 per cent to Rs 3,287 apiece on the BSE on Monday as brokerages cut target price for the stock following weaker-than-expected Q4 results. Titan is also the top loser on both NSE and BSE.

Titan reported a decline in its jewellery business earnings before interest (Ebit) margin by 80 basis points year-on-year (Y-o-Y) to 12.2 per cent, which missed street estimates. Read more

10:58 AM

Real estate firm Godrej Properties zooms 8% on healthy rise in net profits

Shares of real estate firm Godrej Properties surged 7 per cent at Rs 2,777 a piece on the BSE in Monday’s intraday deals. This came after the company showcased a decent quarterly earnings for the quarter ending March 2023-24 (Q4FY24). 

Godrej Properties posted a 14 per cent year-on-year (YoY) increase in its consolidated net profit, reaching Rs 471 crore for the quarter ending March 2024. In the corresponding period last year, the profit stood at Rs 412 crore. Read more