Sensex sheds 413 pts as HDFC twins, RIL weigh; Nifty ends below 18,300

CLOSING BELL: The BSE Midcap, Smallcap indices, however, bucked the trend and ended with a gain of up to 0.2 per cent. Breadth too was marginally positive.

12:24 PM

DLF, Sobha: Realty index can hit life-time peak if it conquers 430 level

When Nifty Realty index hits a new 52-week high, the next positive rally shall aim at setting a new all-time high. READ MORE

12:11 PM

Large-cap MFs, Index Funds to attract flows as markets pick pace: Analysts

Gross inflows into active equity mutual fund (MF) schemes dipped 34 per cent month-on-month (MoM) to Rs 25,400 crore in April. READ MORE

11:53 AM

Vedanta-Foxconn JV set to get govt approval for its chip-making plant

VFSL is a joint venture between India's Vedanta Group and Taiwan's Hon Hai Precision Industry (Foxconn). The two have 63 and 37 per cent stake in the company, respectively. READ MORE

11:38 AM

Jet Freight acquires 51% stake in Vank Global Services; stock gains 2%

11:26 AM

BSE Midcap index hits 52-week high; Astral surges 9% on strong Q4 results

Despite global concerns, the domestic market structure remains positive on the back of healthy macro data, strong earnings, and recent FIIs buying, brokerage firm Motilal Oswal said in a note. READ MORE

11:15 AM

Fluidomat gains 1% as board plans to mull dividend proposal on May 30

11:01 AM

MPS rallies over 5% after PAT climbs 45.6% YoY in Q4FY23

10:50 AM

Mitsu Chem Plast rises 4% after total income climbs 19% in FY23

10:42 AM

Dumping other banks, Warren Buffett recommits to Bank of America stocks

Investor Warren Buffett recommitted to his favourite bank stock, Bank of America, during the first quarter while dumping two other banks as part of a number of moves in Berkshire Hathaway's stock portfolio. READ MORE

10:29 AM

HDFC, HDFC Bank turn ex-date for dividend; shares fall up to 2%

HDFC had declared a dividend of Rs 44 per share, whereas HDFC Bank had announced a dividend of Rs 19 per share. READ MORE

10:16 AM

PVR Inox hits 52-week low; down 4% as Q4 net loss widens to Rs 333 cr

The management believes that the two major factors that marred the industry in FY23 - underperformance of Hindi films and less number of Hollywood releases, will both ease out in FY24. READ MORE

10:05 AM

EXPERT COMMENT: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

>> The market momentum, primarily driven by relentless FPI buying, is strong enough to take the market to record highs. Bank Nifty racing to fresh highs has the potential to push the Nifty towards the all-time high of 18,887. The global market construct also is favourable with resilience in the mother market US. The only joker in the pack now is the uncertainty regarding the US debt ceiling impasse

 

>> A major bullish factor is the decline in bond yields (the 10-year below 7%) indicating that the MPC will pause in the June policy, too. Decline in CPI inflation to 4.7% and WPI inflation dipping to negative territory are good news for equity markets
 

>> Markets will now start discounting the end of this rate hiking cycle with the possibility of rate cuts by end 2023. Therefore, rate sensitives like autos, realty and banks will continue to do well

 

>> For long-term investors, there are contrarian value buying opportunities in leading IT names

>> Remain invested in high quality stocks. At record levels some profit booking may be considered

9:52 AM

Strong Q4 results lifts shares of Tube Investments by 4%

The manufacturing firm saw 74 per cent YoY rise in net profit to Rs 312 crore in Q4FY23.

9:45 AM

Pfizer up 1% after net profit rose 3% YoY in Q4FY23

Drug firm Pfizer, on Monday, posted a consolidated net profit of Rs 130 crore for the March quarter, higher by 3 per cent YoY. Total income increased to Rs 604 crore as compared with Rs 567 crore in the year-ago period.

9:41 AM

PVR Inox slips 2% after consolidated net loss widened to Rs 333 crore in Q4

Multiplex firm PVR Inox Ltd, on Monday, reported a widening in consolidated net loss at Rs 333 crore for the March quarter. The company reported a net loss of Rs 105 crore a year ago.