Sensex plunges 695 pts, Nifty below 18,100 as HDFC twins sink up to 6%

CLOSING BELL: HDFC and HDFC Bank accounted for a loss of 645 points on the BSE benchmark. Broader indices ended with relatively lesser losses of around 0.5 per cent each.

12:21 PM

Limited downside seen in markets as over half of Nifty500 stks hold 200-DMA

Following a sharp reversal at the end of the April series, the BSE Sensex and Nifty 50 took a breather near to their respective the 200-day moving average (DMA) before offering the next leg of upside. READ MORE

12:06 PM

Investors book profit in BHEL; stock slides 7% after soaring 26% in a month

BHEL has bagged numerous orders over the past few months, keeping analysts bullish on the stock. READ MORE

11:52 AM

JK Bank records highest-ever net annual profit of Rs 1,197 crore in FY23

Jammu and Kashmir Bank has announced its highest-ever net annual profit of Rs 1,197 crore in the results for the financial year 2022-23. READ MORE

11:45 AM

Consumer durables firm in a weak market

11:26 AM

Sundram Fasteners hits new life-time high; gains 5% on solid Q4 earnings

The company's consolidated net profit grew by 19 per cent YoY to Rs 127.47 crore, backed by a 8.1 per cent rise in revenue. READ MORE

11:15 AM

Paytm shares rise 4% ahead of Q4FY23 results; here's what brokerages expect

Goldman Sachs expects Paytm to report revenue growth of 49 per cent on a year-on-year basis. READ MORE

10:56 AM

United Breweries hits 52-week low as high RM prices hurt Q4FY23 margins

So far this calendar year (CY23), the stock has crashed over 20 per cent, as against 0.1 per cent rise in the S&P BSE Sensex. READ MORE

10:44 AM

TVS Motor vrooms 5%, hits 52-week high on better-than-expected Q4 result

TVS Motor Company posted a 22 per cent rise in consolidated net profit at Rs 336 crore. READ MORE

10:29 AM

Manappuram in freefall as ED freezes Rs 143 cr-assets; sinks 21% in 3 days

With today's fall, the stock has lost 21 per cent since Wednesday, May 3 when the ED had first began searches at the company's premises. READ MORE

10:18 AM

EXPERT COMMENT: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The most significant trend in the market now is India’s outperformance even in the context of the challenging global environment. The mother market US has turned weak and S&P 500 has slipped for the fourth day on renewed fears of the stress in the US banking system. But the Nifty, defying weak global cues, is resilient and is only 3.5% away from the all-time high. Sustained FII buying of Rs 10900 crores during the last six trading sessions aided by appreciating rupee and India’s improving macros is the prime driver of this rally. Improving corporate earnings as reflected in the Q4 numbers also have emboldened the bulls.

 

A market correction is imminent. It would be a good idea to take some money off the table even while continuing with the Buy on Dips strategy.

10:09 AM

Blue Star rallies 5% on 1:1 bonus plan; 3-fold jump in Q4 net

The company's net profit jumped to Rs 225 crore in Q4FY23 from Rs 76 crore a year ago, aided by profit from sale of freehold land. READ MORE

9:58 AM

HDFC twins sink as Street fears MSCI blow may trigger $200 mn outflow

Shares of HDFC and HDFC Bank dropped up to 5.5 per cent. The Street had expected inflows worth $3 billion by foreign portfolio investors. READ MORE

9:52 AM

Ceat soars 3% after net profit jumped 10-fold YoY in Q4FY23

 The tyre-maker’s net profit soared almost 10-fold to Rs 132 crore in Q4FY23 as against Rs 13.29 crore in Q4FY22. Total income grew 11 per cent to Rs 2,864.97 crore.

9:41 AM

Sundaram Fasteners rallies 2% after net profit rose 19% YoY in Q4FY23

The company posted a 19 per cent YoY rise in consolidated net profit during the fourth quarter of FY23 to Rs 127.47 crore. Revenue from operations grew 8.1 per cent to Rs 1,447.95 crore.

9:38 AM

TVS Motor rises 2% after net profit jumps 22% YoY in Q4FY23

The company reported a 22 per cent jump in net profit for Q4FY23 at Rs 336 crore as against Rs 275 crore in Q4FY22. Total income also rose by 22 per cent YoY to Rs 8,031 crore.