Stock Market Highlights, May 10: Sensex snaps 3-day losing run, ends 260 pts up; Nifty reclaims 22K

Stock Market Wrap Friday, May 10: RIL, ITC and Airtel led the rally; broader indices - MidCap and SmallCap - outran the benchmark indices and finished 0.8 per cent higher.

9:17 AM

Opening bell: Sensex opens higher at 72,483 levels

9:10 AM

Pre-open: Nifty 50 marginally higher

9:09 AM

Pre-open: Sensex up 75 points to 72,479

9:07 AM

Rupee appreciates 3 paise

9:00 AM

Europe, US companies back India for derisking from China: Survey

India figures at the top of the list of investment destinations for senior executives in Europe and the US looking to reduce their dependence on China and shift part of their manufacturing capacity to emerging markets. READ MORE

8:32 AM

IDBI Bank stake sale: FinMin in talks with RBI to hurry vetting process

The finance ministry (FinMin) has raised concern over the “inordinate” delay at the Reserve Bank of India (RBI) to complete the vetting process of the interested bidders for IDBI Bank. The long vetting process has kept the strategic stake sale on hold, a senior government official told Business Standard. READ MORE

8:26 AM

Tech charts show bearish trend for Copper, sideways for Oil; details here

Copper prices dipped for the second day due to mixed signals from China. Despite some boosts in real estate shares, high copper costs dampened purchasing activity among Chinese buyers. This, coupled with a stronger dollar, led to a drop in copper prices to $9,861 a tonne. READ MORE

8:13 AM

Microsoft to launch own mobile-game store, to compete with Apple, Google

Microsoft Corp. will launch its own online store for mobile-game consumables in July, creating an alternative to Apple Inc. and Google’s app stores and their fees. READ MORE

8:12 AM

Gold price slips Rs 10 to Rs 72,150, silver rises Rs 100 to Rs 85,300

The price of 24-carat gold declined Rs 10 in early trade on Friday, with ten grams of the precious metal trading at Rs 72,150, according to the GoodReturns website. The price of silver rose Rs 100, with one kilogram of the precious metal selling at Rs 85,300. READ MORE

8:10 AM

Stocks to watch on May 10: Mahanagar Gas, Brigade Ent, Paytm, Adani, LIC

Mahanagar Gas: In Q4, the company experienced a 20.46 per cent decline in net profit, amounting to Rs 252.26 crore, while revenue increased by 2.76 per cent to reach Rs 1,612.61 crore. Ebitda was down 11.95 per cent YoY at Rs 395 crore versus Rs 449 crore. READ MORE

8:07 AM

BPCL, Suryoday SFB, ADF Foods, Hikal among six stocks to watch on May 10

BPCL: Bharat Petroleum Corporation reported a consolidated net profit of Rs 4,789.57 crore for the fourth quarter of FY 2023-24, marking a 30 per cent fall from Rs 6,870.47 crore in the corresponding period last year. READ MORE

8:04 AM

L&T stock remains on analysts' hotlist despite guidance worries

Larsen & Toubro’s (L&T’s) result in the fourth quarter of the financial year 2023-24 (Q4FY24) was ahead of estimates but the guidance included a warning about lower margins. READ MORE

8:00 AM

Can strong global cues aid a relief rally in Nifty on May 10? Check here

Can strong overseas cues help the Indian market stage a relief rally today? As of 07:00 am, Gift Nifty futures quoted at 22,160, hinting at an over 100-points opening gain for the Nifty 50 index. READ MORE

7:59 AM

Gold prices on Akshaya Tritiya, May 10: Check key levels before investing

Spot gold was up nearly 1 per cent Thursday on rate cut bets as the weekly US job data disappointed. The metal once again found support near $2,300 as it turned from the day’s low at $2,306 to hit the day’s high at $2,338. READ MORE

7:57 AM

Akshaya Tritiya, May 10: Silver prices up despite hawkish Fed; buy the dips

Spot silver rallied sharply higher Thursday as the US yields dipped on weaker than expected US weekly job data. Weak job data bolstered the speculation that the weakening economy would force the US Federal Reserve to cut rates. READ MORE