Stock Market Highlights, May 13: Sensex recoups 910 pts from low, ends 112 pts up; Nifty holds 22100

Stock market highlights, Monday, May 13, 2024: In the broader markets, the BSE MidCap index gained 0.36 per cent, while the BSE SmallCap fell 0.23 per cent

3:48 PM

Comment :: 'Breaching 22,300 for Nifty looks challenging'

Despite the persistent rise in the volatility index, the Nifty found support at the critical 21,800 level. Anticipated stability in banking majors and select heavyweights in sectors such as IT and energy may foster further upward movement, although breaching the 22,300-22,400 range could prove challenging. Given this scenario, participants are advised to adjust their positions cautiously and refrain from overly aggressive trading strategies.

Views by: Ajit Mishra – SVP, Research, Religare Broking

3:46 PM

Tech View :: 'Nifty Bank may stage pullback'

The Bank Nifty index saw a strong recovery from lower levels and managed to hold onto its support at the 100-day exponential moving average (EMA). There's a potential for a pullback towards its 20-day moving average (DMA), positioned at 48,200. As long as the index maintains the support level of 47,200 on the downside, where bullish activity is evident, the index remains in a buy mode.

Views by: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities

 

3:45 PM

Currency check :: Rupee ends 3 paise weaker at 83.527/$

3:42 PM

Broader markets :: SmallCap index ends lower despite broad-based rebound across markets

3:40 PM

Sectoral trends :: Auto, PSBs weigh on markets

3:39 PM

Sensex Heatmap :: Tata Motors drops 8%, Asian Paints gains over 3%

3:38 PM

Closing Bell :: Nifty holds 22,100

3:37 PM

Closing Bell :: Sensex rebounds over 900 pts from lows, ends in green

3:29 PM

Syrma SGS plunges 18% as profit margins contract in Q4FY24

Syrma SGS' gross profit margin and Ebitda margin contracted 430bps and 222bps, respectively, year-on-year (Y-o-Y) due to higher commodity costs, and change in revenue mix. This also impacted the company's profitability. READ MORE

3:21 PM

This smallcap stock has zoomed 30% in 2 days on heavy volumes

D-Link (India)'s board on Saturday recommended a dividend of Rs 8 per equity share and a special dividend of Rs 5 per equity share totalling to Rs 13 per equity share for FY24. READ MORE

3:09 PM

Zomato Q4 results preview: Analysts expect rise in food delivery revenues

Zomato is expected to deliver strong earnings growth in the fourth quarter of the financial year 2023-24. READ MORE

3:02 PM

Stock market will 'shoot up' on June 4 after PM Modi's victory: Amit Shah

The Indian stock market will 'shoot up' after the Lok Sabha elections 2024 results are announced on June 4, said Union Home Minister Amit Shah and encouraged investors to buy before that. READ MORE

2:51 PM

ALERT:: Aditya Birla Capital Q4 net zooms 105%; stock gains 3%

Aditya Birla Capital today reported 104.60 per cent surge in Q4 net profit at Rs 1,245.41 crore for the quarter ended March 2024 when compared with Rs 608.65 crore in the corresponding quarter a year ago. Reveneu from operations grew by 36.3 per cent YoY to Rs 10,939.96 crore from Rs 8,024.95 crore.

2:39 PM

Varun Beverages Q1 results: Revenue up 11.3%, net profit at Rs 537 cr

Consolidated revenue from operations in the first quarter stood at Rs 4,397.98 crore as against Rs 3,952.59 crore in the year-ago period, it added. READ MORE

2:24 PM

Brokerages mixed on Eicher Motors after Q4; check latest target prices

Overall, Eicher Motors reported promising numbers, with profits surging over 31 per cent to Rs 983.3 crore in Q4FY24, compared to Rs 747 crore in Q4FY23. READ MORE