Stock Market Special Session Highlights: Sensex, Nifty end flat; Small, MidCap indices gain up to 1%

Stock Market Special Trading Session, Saturday, May 18, 2024: In the broader markets, the BSE MidCap, and the BSE SmallCap indices gained 0.48 per cent and 0.76 per cent, respectively

Closing Bell, Saturday, May 18: Indian stock markets ended the second special session on a flattish note on Saturday. The S&P BSE Sensex was at 74,005, up 88 points or 0.12 per cent, while the Nifty50 was at 22,502, up 35 points.

In the broader markets, the BSE MidCap, and the BSE SmallCap indices outperformed the benchmarks ending 0.48 per cent and 0.77 per cent higher, respectively.

Sectorally, all the indices ended in green led by the Nifty Media, Nifty Realty, Nifty Pharma and Nifty Metal.

Nestle India, Powergrid, Tata Motors, L&T, HCLTech, HUL, IndusInd Bank, TCS and SBI were the top gainers on S&P BSE Sensex. While JSW Steel, Ultratech Cement, Maruti and M&M ended in losses.

The National Stock Exchange (NSE), and the BSE conducted a special, two-part session on Saturday, to evaluate their disaster preparedness in the event of major disruptions.

Trading volume, however, remained thin as price bands were lowered to 5 per cent for most stocks. Besides, global markets are also shut today.

12:51 PM

Market Breadth: Advancing shares outnumber declining stocks in the 2.4:1 ratio

12:48 PM

BSE SmallCap Heatmap:: 20 SmallCaps rally up to 5%; Kirloskar Ferrous dips 5%

12:43 PM

BSE MidCap Heatmap:: Balkrishna, Zee, IOB shine; Astral, Delhivery whine

12:41 PM

Broader market check:: MidCap, SmallCap indices outrun Nifty; VIX rises 3.7%

12:39 PM

Sensex 30 Heatmap:: 23 out of 30 stocks end on a positive note; Nestle gains 2%

12:37 PM

Closing Bell:: Nifty settled 36 points higher at 22,502

12:35 PM

Closing Bell:: BSE Sensex ended Saturday's special trading session with a gain of 89 points at 74,006

12:25 PM

Defense stocks on a roll; BDL, BEL, HAL, Cochin Shipyard rally 5%

Shares of defense and related companies were on a roll with Hindustan Aeronautics (HAL), Bharat Electronics (BEL), Bharat Dynamics (BDL), Data Patterns (India), Cochin Shipyard and Mazagon Dock Shipbuilders rallying up to 5 per cent on healthy outlook. These stocks continued their northward march and quoting at their respective record highs.

The Government of India’s initiatives to make India self-reliant in providing state-of-the-art weapon systems to the Indian Armed Forces and clearance for export to Friendly Foreign Countries (FFCs) have opened plenty of opportunities for defense companies to grow and expand into the market. Read more

12:18 PM

JSW Steel stock falls 2% as profit plunges 65% in Q4

Steel giant JSW Steel shares fell as much as 1.64 per cent to hit an intraday low of Rs 892.35 per share, on Saturday. The decline in stock value came in the wake of JSW Steel's announcement of its Q4FY24.

JSW Steel’s consolidated net profit dropped 64.5 per cent to Rs 1,299 crore, from Rs 3,664 crore in the previous year. Sequentially, the profit fell 46 per cent, from Rs 2,415 crore. Read more

12:11 PM

IDFC First Bank shareholders approve merger with IDFC Ltd

The shareholders of IDFC First Bank have approved its merger with the development finace institution IDFC Ltd, CNBC TV 18 reported on Saturday.

12:03 PM

Bharat Dynamics zooms 22% in 3 days; Board to announce Q4 results on May 30

Shares of Bharat Dynamics extended their rally into a third consecutive session, up 5 per cent on the BSE at Rs 2,437 apiece, in Saturday's special trading session. Including's today's rally, the stock has surged 22 per cent in three days. By comparison, the benchmark S&P BSE Sensex has added 1.4 per cent during the period. Read more

11:54 AM

FMCG giant Nestle India votes against increase in royalty to Swiss parent

Shareholders in Nestle India have rejected a company proposal to increase royalty payments to its Swiss parent Nestle, the company said late on Friday.

The motion called for the royalty paid to its parent to climb to 5.25 per cent of net sales, net of taxes, compared to the current level of 4.5 per cent. The increase was proposed at a rate of 0.15 per cent per annum. Read more

11:48 AM

Why did Chris Wood of Jefferies sell his holding in HDFC Bank stock?

Global fund managers remain bullish on the Japanese stock markets, which is now their most preferred destination in the Asian region. Both Morgan Stanley and Jefferies in their recent reports, have cited their preference for the Land Of The Rising Sun, which is fast becoming the land of the rising equities, too. Read more