Stock Market Highlights, May 24: Indices end flat after hitting record highs; Nifty below 23,000

Stock market highlights on Friday, May 24: Among sectors, the Nifty Bank, and Private Bank indices added 0.4 per cent each

3:19 PM

Lok Sabha election result 2024 :: NDA racing forward on 294, INDIA Alliance on 232 seats

3:46 PM

Comment :: 'Buy dip around 22,750-22,850 in Nifty'

It's common to see a pause after a strong upward move, and traders should view any dip around 22,750-22,850 in Nifty as a buying opportunity.

While key sectors are contributing to the upward movement, we are now seeing more selective participation. Therefore, it is advisable to focus on stock selection, with a preference for large-cap and large mid-cap stocks.

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

3:44 PM

Currency check :: Rupee ends 19 paise higher at 83.09/$ vs Wednesday's close

3:42 PM

IPO Update :: Awfis Space issue subscribed 10x so far on day 3

3:40 PM

Broader markets :: Indices end mixed; MidCap outperforms peers

3:39 PM

Sectoral trends :: Bank, Financial Services' indices rise the most

3:37 PM

Sensex Heatmap :: HDFC Bank, Airtel, L&T help index trim losses

3:36 PM

Closing Bell :: Nifty fails to hold 23,000

3:35 PM

Closing Bell :: Sensex ends 8 pts lower after a choppy session in narrow range

3:28 PM

Defense stocks extend rally; BDL, CSL, GRSE, BEL zoom over 25% in 1 week

In the past one week, CSL (44 per cent), BDL (42 per cent), GRSE (39 per cent) and BEL (27 per cent) have soared more than 25 per cent each. The remaining three stocks gained between 18 per cent and 19 per cent. In comparison, the S&P BSE Sensex was up 2.5 per cent during the period. READ MORE

3:15 PM

Hindalco Q4 results: Net profit rises 31.6% to Rs 3,174 crore, revenue flat

Consolidated revenue from operations for the fourth quarter grew marginally by 0.25 per cent to Rs 55,994 crore Y-o-Y from Rs 55,857 crore. READ MORE

3:04 PM

Defense stocks extend rally; BDL, CSL, GRSE, BEL zoom over 25% in 1 week

Bharat Dynamics hit a new high of Rs 1,650, zooming 17% in intra-day trade after the stock of state-owned defense company turned ex-date for 1:2 split on Friday. READ MORE

2:51 PM

Small-cap firm Cheviot to buyback shares worth Rs 31.5 cr at Rs 1,800/ sh

Cheviot buyback news: Shares of Cheviot Co declined 5.3 per cent to Rs 1,476 apiece on the BSE on Friday. READ MORE

2:38 PM

PSP Projects slips 4% after Q4 profit plunges 66%; check details here

PSP Projects stocks fall:PSP Projects stock fell sharply after the company announced its Q4FY24 results during market hours, on Friday. The stock fell as much as 4.27 per cent to hit an intraday low of Rs 656.20 per share. READ MORE

2:28 PM

ALERT:: Ashok Leyland Q4 net rises 53%; 3.4-fold; stock up 1%

Ashok Leyland today posted 53.3 per cent growth in Q4 consolidated net at Rs 933.69 crore for the quarter ended March 2024 as against Rs 608.85 crore in the year ago period. Revenue from operations was up 2.8 per cent YoY at Rs 13,577.58 crore from Rs 13,202.50 crore.