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Stock Market Live on May 19, 2023: NTPC, Power Grid, Punjab National Bank, JSW Steel, Zomato, Glenmark Pharma and Delhivery will be on the radar ahead of their Q4 nos

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		<strong>Stock Market Highlights: </strong>The key benchmark indices reversed their three-day losing streak on the back of renewed buying interest in auto and IT stocks. Shares of Adani Group also finished with strong gains on Friday after the Supreme Court appointed panel report revealed that it could not pinpoint regulatory failure.</div>
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		The Supreme Court&rsquo;s six-member panel said that &ldquo;prima facie it would not be possible to conclude if there has been a regulatory failure around the allegation of price manipulation in the Adani scrips,&rdquo; in the Adani-Hindenburg case. It has recommended that all investigation be completed in a time-bound manner. <a href="https://www.business-standard.com/india-news/hard-to-pinpoint-regulatory-lapse-in-curbing-adani-price-rigging-sc-panel-123051900514_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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		The Gautam Adani Group flagship company &ndash; Adani Enterprises ended 3.5 per cent higher. Adani Power, Adani Green and Adani Transmission were locked at the 5 per cent upper limit. Adani Wilmar zoomed nearly 7 per cent. Whereas, Adani Ports, ACC, Ambuja Cement, NDTV and Adani Total Gas were up 1 &ndash; 4 per cent each.</div>
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		Meanwhile, after a positive start the S&P BSE Sensex had dipped to a low of 61,252 only to bounce back on a stronger note. The BSE benchmark rallied all the way to a high of 61,785 &ndash; up 533 points from the day&rsquo;s low. The Sensex eventually ended 298 points higher at 61,730.</div>
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		The NSE Nifty 50 gained 158 points from the day&rsquo;s low of 18,060, to hit the day&rsquo;s high of 18,218. The Nifty settled at 18,203, up 73 points on Friday.</div>
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		<strong>Also read: <a href="https://www.business-standard.com/markets/news/axis-bank-l-t-thermax-chris-wood-rejigs-india-portfolio-123051900282_1.html?1684475158" target="_blank">Axis Bank, L&T, Thermax: Chris Wood rejigs India portfolio</a></strong></div>
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		Among the frontline stocks, Tata Motors rallied over 3 per cent. Tech Mahindra, Infosys, HCL Technologies, Axis Bank and Mahindra & Mahindra were up 1 &ndash; 2 per cent each. On the flip side, NTPC was down a per cent. Asian Paints and Titan were the other notable losers.</div>
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		Sectorally, the BSE IT index surged 1.4 per cent. The Auto and Realty indices were up over 0.5 per cent each, while the Healthcare index slipped 0.5 per cent.</div>
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Stock Market Live today, May 19, 2023: NTPC, Power Grid, Punjab National Bank, JSW Steel, Zomato, Glenmark Pharma and Delhivery will be on the radar ahead of their Q4 nos

Stock Market Live today, May 19, 2023: Asian indices mixed; S&P 500, NASDAQ end at 9-mth highs

Business Standard

Stock Market Live today, May 19, 2023: Asian indices mixed; S&P 500, NASDAQ end at 9-mth highs | News on Markets - Business Standard

SGX Nifty mildly up; Nifty may edge to 18,200

US equity futures hold tepid gains in after market trade

Dallas Fed Bank head says current data does not support pause in rate hikes yet

&gt;&gt; Dallas Federal Reserve Bank President Lorie Logan said the latest economic data does not support a possibility to pause the central bank&rsquo;s rate-hiking campaign yet.&nbsp;<br />
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&gt;&gt; June policy decision will be based on inflation and employment data that hasn&rsquo;t been released yet, said Logan<br />
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&gt;&gt; Fed Gov. Philip Jefferson and St. Louis Fed President James Bullard said they await further data before coming to a decision<br />

DATA WATCH: Japan April core CPI up 3.4%; CPI (ex food, fuel) at 40-year high

Nikkei touches 33-year high; Hang Seng drops on Alibaba weak earnings

US stocks gain for 2nd day on hopes of debt ceiling deal, fall in initial jobless claims

Good morning readers! Catch all live market updates here with Business Standard

Catch all live market updates here with Business Standard

Currency check :: Rupee ends weaker at 82.66/$ against Thursday's close of 82.60/$

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Buzzing stocks :: All Adani group stocks gain in trade as SC Panel report remains 'inconclusive'

The Supreme Court&rsquo;s six-member panel said that &ldquo;prima facie it would not be possible to conclude if there has been a regulatory failure around the allegation of price manipulation in the Adani scrips,&rdquo; in the Adani-Hindenburg case. It has recommended that all investigation be completed in a time-bound manner.<br />
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Broader market check :: Mid, SmallCap indices see profit booking

Sectoral check :: All but Pharma, FMCG indices settle with gains

Sensex Heatmap :: Gainers outrun losers in fag-end; TaMo rises 3%, Tech M 2%

CLOSING BELL :: Sensex snaps 3-day losing streak, settles nearly 300 pts higher

Repro zooms 48% in 1 week after Madhuri Kela acquires 3.6% stake in company

According to disclosure made by Repro India, on May 15, 2023, Madhuri Madhusudan Kela and Brijkishor Trading Private Limited collectively acquired 475,000 equity shares, representing 3.59 per cent stake, of Repro India via the open market. Post the acquisition, their total holding in the company has increased to 6.89 per cent from 3.30 per cent, it added. <a href="https://www.business-standard.com/markets/news/repro-zooms-48-in-1-week-after-madhuri-kela-acquires-3-6-stake-in-company-123051900583_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Adani Group stocks trade mixed as SC panel makes investigation report public

An expert committee, constituted by India&#39;s Supreme Court, to investigate the Adani Group said it was not possible to conclude if there has been regulatory failure regarding price manipulations. <a href="https://www.business-standard.com/markets/news/adani-group-shares-trade-mixed-post-supreme-court-panel-report-123051900457_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Adani, Adani Group" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-02/15/full/1676425501-5556.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 449px;" title="Adani, Adani Group" /></div>

SC Panel report on Adani-Hindenburg case: Ultimate owner of economic interest in an FPI can’t be ascertained

&gt;&gt;&nbsp;Sebi&#39;s suspicion can&rsquo;t be put to rest in absence of FPI ownership details&nbsp;<br />
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&gt;&gt; Sebi has found out that some entities took short positions before Hindenburg Report.<br />
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&gt;&gt; These entities profited from squaring off their positions post Hindenburg Report&nbsp;
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SC Panel report on Adani-Hindenburg case: Chain of overseas firms not clear

&gt;&gt; Panel report says chain of ownership for 13 overseas firms is not clear<br />
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&gt;&gt; Foundation of Sebi suspicion w.r.t overseas firms&nbsp;<br />

SC Panel report on Adani-Hindenburg case: Believe there is need for effective enforcement policy

&gt;&gt; Enforcement Policy must be in consistence with legislative policy adopted by Sebi<br />
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ALERT :: Can't conclude there is regulatory failure in price manipulation, SC Panel says on Hindenburg case

&gt;&gt; Sebi said suspicious trading observed on part of six entities before publication of Hindenburg Report<br />
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ALERT: SC Panel releases report on Adani Group Vs Hindenburg

&gt;&gt; Empirical data suggests that retail investors exposure to Adani Group increased after Jan 2024<br />
&gt;&gt; Indian market as a whole was not unduly volatile after the Jan 2024 report<br />

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Over one-third Nifty50 stocks look weak on charts. Time to be cautious?

Among banking majors, Axis Bank, ICICI Bank, HDFC Bank and State Bank of India (SBI) appear on track to hit new all-time high in the weeks ahead, charts suggest. <a href="https://www.business-standard.com/markets/news/over-one-third-nifty50-stocks-look-weak-on-charts-time-to-be-cautious-123051900403_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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What's capping rally in SBI shares despite record net profit in Q4FY23?

India&#39;s largest state-owned bank, State Bank of India, reported standalone net profit of Rs 16,694.51 crore for Q4FY23. <a href="https://www.business-standard.com/markets/news/what-s-capping-rally-in-sbi-shares-despite-record-net-profit-in-q4fy23-123051900382_1.html?1684479747" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="SBI" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/03/full/1680520796-3283.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="SBI" /></div>
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Thomas Cook India's Q4 total income rises 150% to Rs 1,300 crore

The Group&#39;s operating Ebitda grew significantly to Rs 270 crore for the full financial year 2022-23 (FY23) against a loss of Rs 120 crore in FY22. <a href="https://www.business-standard.com/companies/results/thomas-cook-india-s-q4-total-income-rises-150-to-rs-1-300-crore-123051900331_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Thomas Cook India" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-05/19/full/1684477100-0435.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Thomas Cook India" /></div>
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Datamatics Global Services zooms 71% in one month on robust Q4 results

The management said it expects to see a sustained growth momentum for FY23- FY24, given a decent pipeline of opportunities. <a href="https://www.business-standard.com/markets/news/datamatics-global-services-zooms-71-in-one-month-on-robust-q4-results-123051900327_1.html?1684477242" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Photo: Bloomberg" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-02/21/full/1676957660-7806.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Markets, market valuation, stocks, Sensex, Adani Group" width="620" /></div>
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ALERT: SC dismisses Tata Motors plea from BEST tender disqualification

&gt;&gt; SC upholds BEST&#39;s decision to award contract to every transport company

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Axis Bank, L&T, Thermax: Chris Wood rejigs India equity portfolio

Chris Wood has added Axis Bank and increased holding in Larsen &amp; Toubro in India long-only portfolio Asia ex-Japan, excludes ICICI Lombard General Insurance. <a href="https://www.business-standard.com/markets/news/axis-bank-l-t-thermax-chris-wood-rejigs-india-portfolio-123051900282_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Chris Wood, Jefferies" class="imgCont" height="NaN" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2022-02/02/full/chris-wood-jefferies-1643777840-45232620.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Chris Wood, Jefferies" width="NaN" /></div>
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Adani Total Gas hits over 2-year low; stock slips 26% in six trading days

Last week, global index provider MSCI dropped Adani Total Gas and Adani Transmission from its India index. <a href="https://www.business-standard.com/markets/news/adani-total-gas-hits-over-2-year-low-stock-slips-26-in-six-trading-days-123051900270_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Adani" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/01/full/1680350990-7504.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Adani" /></div>
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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. <a href="https://www.business-standard.com/markets/news/wipro-share-buyback-here-s-how-retail-investors-can-benefit-123051900229_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Wipro" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-04/15/full/1618488020-548.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Wipro" width="620" /></div>
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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. <a href="https://www.business-standard.com/markets/news/gland-pharma-tanks-20-hits-record-low-on-weak-q4-results-123051900218_1.html?1684471691" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Gland Pharma" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-01/21/full/1642764669-3084.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Gland Pharma" width="621" /></div>
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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.

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OPENING BELL: Nifty50 opens flat above 18,100 levels

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OPENING BELL: Sensex starts trade over 100 points higher

PRE-OPEN SESSION: Sensex spurts over 100 points

PRE-OPEN SESSION: Nifty50 above 18,200, up over 50 points

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Rupee opens at 82.7/$ as against previous close of 82.38/$

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Bloomberg Alert: Vedanta in talks for at least $500 million worth loan

Vedanta in talks for at least $500 million worth loan.

WATCH: Has the Nifty IT-NASDAQ correlation ended?

<div>
	Over the years, the Nifty IT has mirrored moves in the NASDAQ index. 2023 so far has proved to be different with these indices performing differently. Is the correlation between the indices ending?</div>
<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="460" scrolling="no" src="https://www.youtube.com/embed/-PsMwpzfflQ" title="Has the Nifty IT-NASDAQ correlation ended?" width="600"></iframe>

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.

Brent Crude holds $76 per barrel mark