Sensex ends 298 pts up, Nifty reclaims 18,200 led by Adani, auto, IT stocks

CLOSING BELL ON MAY 19, 2023: Shares of Adani Group rallied smartly after the SC reported said it could not pinpoint regulatory failure in the Adani-Hindenburg case.

10:59 AM

Sony-Zee merger expected to be completed by September: Sony CEO Yoshida

CEO Yoshida said that India has become the most populous country in the world and this has created innumerable opportunities for growth and this is especially true for the entertainment industry. READ MORE

10:50 AM

Solid Q4 results lifts shares of Ramco Cements over 4%

10:39 AM

Go First may be grounded, but IndiGo is in no hurry to expand capacity

According to company management, there is no change in the plan to add more aircraft, which was decided before Go First was grounded. READ MORE

10:30 AM

Wipro Share Buyback: Here's how retail investors can benefit

Wipro has approved a Rs 12,000 crore share buyback at Rs 445 per share. Currently, the stock trades at a 16 per cent discount to the buyback price. READ MORE

10:21 AM

Gland Pharma tanks 20%, hits record low on weak Q4 results

Revenue declined 29% YoY due to lower offtake of the key products in developed as well as domestic markets and due to Production line shut down in Pashamylaram Penems facility due to line upgradation. READ MORE

10:10 AM

Rupee to see more losses on hawkish Fed, RBI intervention likely

The Indian rupee is expected to extend its decline on Friday, weighed by a rising dollar index and US yields following hawkish comments from Federal Reserve officials. READ MORE

10:01 AM

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

Nifty is finding it difficult to break the 18,100-18,400 range, in spite of favourable global cues and good Q4 results. The US 10-year bond yield has risen to 3.64 and the rupee has weakened to 82.65 to the dollar. This currency movement is not supportive for the equity market. And FII buying is getting neutralised by DII selling. The 6 per cent rally in Nifty from the March lows has been used as a profit booking opportunity by DIIs and traders. This trend is evident from the ‘sell on news’ in major stocks like SBI and ITC in spite of good results. The sell on rally strategy of the bears has been working this week. The near-term outlook is cloudy.

9:55 AM

HT Media declines 7% after the company incurred net loss of Rs 14.9 crore in Q4

The company incurred a net loss of Rs 14.96 crore in Q4FY23, as compared to net profit of Rs 16.72 crore in the corresponding period last year. The company's net revenue from operations in the January-March quarter came in at Rs 441.4 crore, registering a growth of 4.87 per cent YoY.

9:49 AM

Nazara Tech jumps 7% as subsidiary raises Rs 232 crore from existing & new investors

Nodwin Gaming, a subsidiary of the company, signed definitive and binding agreements to raise Rs 232 crore from existing investors—Nazara, Krafton and JetSynthesys—and new ones.

9:38 AM

Bata India surges 2% after the company reported decent Q4 results

The footwear major, on Thursday, reported a 4.5 per cent rise in standalone net profit for the March quarter at Rs 65.55 crore compared to Rs 62.7 crore reported in the corresponding quarter last fiscal. Its revenue grew 17 per cent to Rs 778.5 crore.

9:35 AM

KIMS gains 1% after company achieved highest-ever quarterly revenue in Q4

The company achieved its highest-ever consolidated Quarterly revenue (Rs 575.92 crore), Ebitda (Rs 168.13 crore), profit before tax (Rs 127.27 crore)  and profit after tax (Rs 98.6 crore). 

9:27 AM

Shares of PSBs march forward, while FMCG declines

9:24 AM

Broader markets trade mixed; India VIX eases over 1%

9:22 AM

SENSEX HEATMAP: 9 out 30 index counters in red; SBI, Infosys rise up to 1%

9:20 AM

OPENING BELL: Nifty50 opens flat above 18,100 levels