Stock Market Highlights, May 22: Sensex up 268pts, Nifty near 22600; Awfis Space IPO subscribed 1.5x

Stock Market Highlights on Wednesday, May 22, 2024: M-cap of all BSE listed companies settled at Rs 416 trillion or $5 trillion today

10:42 AM

Shares of JK Tyre zoom 10% amidst robust Q4 financials; profits soar

10:35 AM

Japan's exports rise for 5th time in April on weak yen, biz mood stalls

Japan's exports rose for a fifth straight month in April, helped by a boost in value from the weak yen, government data showed on Wednesday, but shipment volumes struggled as soft demand weighed on growth. READ MORE

10:31 AM

BHEL shares tank 8% after Q4 results miss street expectations

BHEL’s net profit fell approximately 26 per cent on a year-on-year (Y-o-Y) basis to Rs 489.6 crore in the March quarter of financial year 2024 (Q4FY24), from Rs 658 crore in the same quarter a year ago (Q4FY23). READ MORE

10:24 AM

Paytm Q4 FY24 results: Loss widens to Rs 550 crore; revenue drops 3%

Indian digital payments firm Paytm’s losses widened to Rs 549.6 crore for the quarter ending on March 31 (Q4) in financial year 2023-24 (FY24), the company reported on Wednesday. During the same period last year, net loss stood at Rs 219.8 crore. The fintech had reported a net loss of Rs 168.4 crore in the last quarter. READ MORE

10:13 AM

Telcos collaborate with tech partners to curb unwanted calls, messages

The Cellular Operators Association of India (COAI) announced on Tuesday that telecom operators are collaborating with technology partners to deploy measures to reduce the menace caused by unwanted calls and text messages. READ MORE

10:03 AM

Zomato, Paytm: What should investors do with new-age stocks? Analysts weigh

The stock performance of new-age companies has been a mixed bag thus far in calendar year 2024 (CY24). Shares of PB Fintech, the parent company of Policybazaar, for instance, have soared 71.2 per cent year-to-date (YTD) till May 20, while those of Zomato have climbed 57.1 per cent. Easy Trip Planners, meanwhile, has seen a modest growth at 12.74 per cent, ACE Equity data shows. READ MORE

9:48 AM

Gold price slips Rs 10 to Rs 74,500, silver falls Rs 100 to Rs 94,500

The price of 24-carat gold dipped Rs 10 in early trade on Wednesday, with ten grams of the precious metal trading at Rs 74,500, according to the GoodReturns website. The price of silver fell Rs 100, with one kilogram of the precious metal selling at Rs 94,500. READ MORE

9:40 AM

IPO Alert: Awfis Space Solutions opens today: Should you subscribe?

Workspace solutions provider Awfis Space Solutions’s initial public offering (IPO) opens for subscription on Wednesday, May 22 and will conclude on May 27. The IPO consists of a fresh issue of Rs 128 crore and an offer-for-sale (OFS) of around 1.2 crore equity shares, each with a face value of Rs 10. READ MORE

9:38 AM

ALERT :: Paytm reports revenue of Rs 2,267 crore in Q4FY24, down 3% YoY

9:36 AM

PI Industries rises on healthy Q4 numbers

9:29 AM

BHEL falls on weak Q4 performance

9:27 AM

Apollo Tyres rallies 5% after block deal

9:23 AM

Sector Update: Nifty Realty top gainer, up over 1%

9:22 AM

Broader markets update

9:21 AM

Heatmap check: UltraTech Cement top gainer on BSE