Stock Market Highlights, May 14: Sensex rises for 3rd day, gains 328 pts; Nifty tops 22,200

Stock market highlights on May 14: The broader markets, meanwhile, outperformed the frontline indices as the BSE MidCap added 1.14 per cent, and the BSE SmallCap rose 1.8 per cent

10:39 AM

Nifty 500, MidCap stocks outperform peers as 4th phase of elections end

The fourth phase of Lok Sabha 2024 elections just concluded on Monday, May 13. Equity market have witnessed high amount of volatility during this phase, with India VIX - the volatility index - rising from levels of 13 per cent on April 18 to 20.6 per cent on May 13 - the election phase so far. READ MORE

10:28 AM

Investing strategy for mutual fund investors ahead of Lok Sabha poll result

Mutual fund investors have found themselves in the crosshairs of widespread offloading of stocks by foreign institutional investors (FIIs), expensive valuations of the Indian markets compared to global peers, and nervousness ahead of the 2024 Lok Sabha elections' results. READ MORE

10:16 AM

Cochin Shipyard surges 7% on securing large order from European client

Shares of Cochin Shipyard (CSL) surged 7 per cent to Rs 1,278.70 on the BSE in Tuesday’s intra-day trade after the company said it has bagged a large order from a European client, for the design and construction of a hybrid service operation v+essel (Hybrid SOV) with an option for two more such vessels. READ MORE

10:05 AM

Vacuum for Indian MSMEs seeking growth finance: Nishu Malhotra, ADM Capital

In India, the shift to private credit started before the Covid era, driven by regulatory reforms including the Insolvency and Bankruptcy Code, Real Estate Regulatory Authority (RERA) Act etc. As one of the fastest growing economies in the world, India has attracted more international players, which pushed ticket sizes up. READ MORE

9:51 AM

Indus Towers, Bosch: Stocks that may enter MSCI Standard index on May 15

MSCI, the global index aggregator, is set to rebalance its indices on May 15, with India set to witness the inclusion of more than 10 stocks. The move is expected to usher in approximately $2 billion in passive Foreign Institutional Investor (FII) inflows by May 31, as projected by Nuvama Alternative and Quantitative Research. READ MORE

9:43 AM

Crude oil prices steady, signal bearish outlook in near term; here's why

WTI crude oil prices are trading steadier in the range of $77-$80 for the past one week, eking out marginal weekly gains, ahead of the crucial monthly oil reports from OPEC, IEA and release of US CPI data and retails sales later this week. READ MORE

9:33 AM

Broader market update

9:32 AM

JSW Steel, Power Grid top gainers on Sensex

9:29 AM

Shriram Finance, Power Grid top gainers on Nifty

9:23 AM

Nifty trading above 22,100

9:21 AM

Indian markets open higher; Sensex up 0.20%

9:00 AM

Share of North East in MF assets more than doubles to Rs 40,324 cr in 4 yrs

The combined share of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura rose to 0.73 per cent of the total average asset under management (AAUM) of the mutual fund industry, which stood at Rs 55.01 trillion in March 2024. The share was around 0.67 per cent in March 2020, when the industry's AAUM was at Rs 24.71 trillion. Data for Sikkim was not provided. READ MORE

8:54 AM

Vedanta, Cochin Shipyard, JSPL among five stocks to track on May 14

JSPL:Jindal Steel & Power (JSPL)’s profit  doubled from a year earlier as input costs declined. Consolidated profit after tax for the steelmaker increased to Rs 933 crore in Q4Fy24, from Rs 466 crore a year ago (Q4FY23). The company’s net revenue fell 1.4 per cent to Rs 13,521 crore on lower steel prices. Its input costs eased nearly 15 per cent to Rs 5,265 crore in the period. READ MORE

8:50 AM

Stocks to watch on May 14: Shriram Finance, Zomato, DLF, TCS, Maruti Suzuki

Shriram Finance: The company announced that board has approved the sale of its housing finance subsidiary Shriram Housing Finance to Warburg Pincus for Rs 4,630 crore for equity & convertible instruments of SHFL.
 

Zomato:Food aggregator Zomato announced its fourth quarter earnings on Monday, May 13. Its profit stood at Rs 175 crore, as compared to a loss of Rs 189 crore Y-o-Y. The turnaround came on the back of robust revenue growth and positive Ebitda. Its topline and Ebitda stood at Rs 3,562 crore and Rs 86 crore, respectively. Margin, meanwhile, came in at 2.4 per cent for Q4. READ MORE

8:46 AM

Federal Bank, BHEL are the top trading picks by Sharekhan for May 14

BHEL

The stock in the recent correction has corrected towards the 20-day moving average (Rs 273) and witnessed buying interest. It has also retested the previous breakout level of Rs 275 in the process. READ MORE