Stock Market Highlights, May 21: Market-cap of BSE-listed firms hits $5 trillion mark

Stock Market Highlights on Tuesday, May 21, 2024: The S&P BSE Sensex ended at 73,953, down 53 points, while the Nifty50 ended above 22,500, up 27 points

10:36 AM

Rupee appreciates 6 paise to 83.31 against US dollar in early trade

The rupee appreciated by 6 paise to 83.31 against the US dollar on Tuesday amid softening crude oil prices in the international market. Forex traders said, however, the local unit faced some resistance due to subdued sentiment in the domestic equity market and a stronger American currency. READ MORE

10:28 AM

Kalpataru Projects soars 15% on inking Rs 7,550 cr pact with Aramco

Shares of Kalpataru Projects International (KPIL) rallied 15 per cent to Rs 1,369.95 on the BSE in Tuesday’s intra-day trade. This came after the company said it has signed three contracts with Aramco for the third expansion phase of Master Gas System Network (MGS‐3) in Saudi Arabia. This included a contract value of SAR 3.4 billion (presently equivalent to around Rs 7,550 crore). READ MORE

10:18 AM

AI-intensive sectors show surge in workers' productivity, says PwC

The types of business which are most likely to use artificial intelligence are seeing growth in workers' productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy, accountancy firm PwC said. READ MORE

10:07 AM

Wheels India zooms 19% on strong Q4 results

10:03 AM

India Cements falls after weak Q4 results

10:01 AM

Oil India Q4 results impact

9:53 AM

Bharat Electronics up 9%, m-cap crosses Rs 2 trillion on healthy Q4 results

Shares of Bharat Electronics Limited (BEL) hit a new high of Rs 282, as they rallied 9 per cent on the BSE in Tuesday’s intra-day trade. The surge came on the back of strong Q4 results. BEL's profit after tax (PAT) jumped 30.6 per cent year-on-year (YoY) to Rs 1,783 crore for March quarter (Q4FY24). READ MORE

9:45 AM

Q4 results impact: Delhivery

9:39 AM

Glenmark, BeiGene ink pact for marketing & distribution of Tislelizumab and Zanubrutinib in India

9:37 AM

Q4 results impact: ONGC

9:33 AM

Can global Big Tech companies afford to ignore the Indian market?

New battle lines are being drawn in the world of technology. On one side are the global Big Tech companies: Google, Apple, Meta, and Amazon, who oppose the draft Digital Competition Bill, an ex-ante legislation to control the growing concentration of market power, and supplement the Competition Act. READ MORE

9:32 AM

Coforge announces launch of Copilot Innovation Hub

Coforge announces the launch of Copilot Innovation Hub in collaboration with Microsoft to accelerate enterprise adoption of Generative AI 

9:28 AM

Asia stocks slip as investors await Fed meeting to gauge possible rate cut

Asian stocks drifted lower while the dollar held firm on Tuesday as investors awaited minutes of the Federal Reserve's latest policy meeting to gauge the timing and extent of possible interest rate cuts this year. READ MORE

9:24 AM

Nifty Metal top gainer sector-wise

9:23 AM

Broader markets trading lower