Stock Market Highlights, May 15: Mid, SmallCap indices shine, Benchmarks end listless

Stock Market LIVE updates on Wednesday, May 15, 2024: Among sectors, the Nifty PSU Bank index added 1.4 per cent, followed by the Nifty Realty (1 per cent)

2:42 PM

LS polls 2024: Foreign investors most short on India stocks since 2012

Foreign investors are the most pessimistic in over a decade on Indian stocks amid speculation over Prime Minister Narendra Modi’s party winning fewer seats in the ongoing national elections than previously estimated. READ MORE

2:34 PM

Equity Savings Funds: Where to invest during volatility as polls approach

Equity Savings Funds, a type of hybrid mutual fund, could be a suitable option for investors seeking some protection against volatility during this time, said Mirae Asset mutual fund in a note. READ MORE

2:30 PM

Indian small car exports thrive as domestic demand shifts to SUVs

Smaller Made in India cars from Maruti Suzuki, Hyundai, Kia, Citroen, Volkswagen, Honda, Nissan and Renault are finding markets abroad as domestic demand turns to SUVs and large, feature-packed vehicles, the Times of India reported. READ MORE

2:24 PM

Go Digit IPO subscription update

2:19 PM

ALERT:: April Trade data

India 'sApril exports at $34.99 billion; imports at $54.09 billion; and trade deficit at $19.1 billion.

2:17 PM

Keystone Realtors reports Q4 results

Keystone Realtors Q4 profit drops 60% to Rs 30.7 crore while revenue jumps to Rs 811 crore.
 

 

2:11 PM

$700 mn buyout deal shows new way of moving assets, holding equity in India

A new method for private equity funds to return profits to investors may gain traction in India. ChrysCapital Management Co. recently used a so-called continuation fund to raise $700 million from investors to maintain its minority stake in National Stock Exchange of India Ltd. This relatively new portfolio management tool allows private equity managers to move assets around more easily, as a way to hold them for longer. READ MORE

2:02 PM

LS polls 2024: Foreign investors most short on India stocks since 2012

The bearish positions in the derivatives market have come at a time when overseas investors have pulled out about $4 billion from local stocks since early April, reflecting a cautious outlook about the outcome of the elections. READ MORE

1:48 PM

Clean Science reports Q4 earnings

Clean Science Q4 net profit dropped nearly 13 per cent on Y-o-Y basis to Rs 70.2 crore. Its revenue, however, rose 5 per cent to Rs 227.5 crore during the same period.

1:43 PM

Rail-related stocks in demand for second straight day; RailTel, RVNL lead

Shares of railway-related companies were trading with a positive bias for the second straight trading session, after sentiment of these counters were bolstered following statements by key ministers expressing confidence over continued reforms post election results. READ MORE

1:42 PM

Shares of Union Bank, Indian Bank, and BoI jump up to 5%: here's why

Public sector banks (PSBs) Union Bank of India, Indian Bank, Canara Bank and Bank of India’s shares shot up by 4.64 per cent, 4.47 per cent, 4.37 per cent and 2.32 per cent, respectively on the BSE in Wednesday’s intraday deals. READ MORE

1:31 PM

Jyothy Labs announce Q4 results

The company’s Q4 consolidated net profit came in at Rs 78.2 crore, from Rs 59 crore Y-o-Y.

 

1:29 PM

Manali Petrochemical unit signs pact with Krahn UK for silicone oils in UK

1:21 PM

Canada imposes Rs 82 lakh penalty on Infosys for underpayment of tax

The Canadian government has fined IT giant Infosys approximately Rs 82 lakh for allegedly failing to fulfil the complete employee health tax obligation for the financial year ending December 31, 2020. READ MORE

1:12 PM

SAIL's Bhilai steel plant to install solar energy systems in premises

The flagship unit of the country's largest steel maker Steel Authority of India Limited (SAIL), BSP, has recently signed a memorandum of understanding with the Chhattisgarh State Renewable Energy Development Agency (CREDA) for the solar power generation project within the unit's premises, a statement issued by the plant management said on Wednesday. READ MORE