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May 18, 2021 / 03:43 PM IST

Closing Bell: Sensex jumps 613 points, Nifty settles above 15,100; mid, smallcaps outperform

BSE Micap and Smallcap indices closed 1.87 percent and 1.28 percent higher, respectively.

  • IndexPricesChangeChange%
    Sensex52,323.33-178.65 -0.34%
    Nifty 5015,691.40-76.15 -0.48%
    Nifty Bank34,605.40-398.10 -1.14%
    Nifty 50 15,691.40 -76.15 (-0.48%)
    Thu, Jun 17, 2021
    Biggest GainerPricesChangeChange%
    UltraTechCement6,704.85117.45 +1.78%
    Biggest LoserPricesChangeChange%
    Adani Ports646.90-59.80 -8.46%
    Best SectorPricesChangeChange%
    Nifty IT28611.35162.50 +0.57%
    Worst SectorPricesChangeChange%
    Nifty Metal5095.10-121.10 -2.32%

  • May 18, 2021 / 03:50 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services

    In anticipation of a rapid fall in COVID-19 cases, the implication of corporate results and favourable Asian markets, the Indian market has reverted strongly after the 3 months of muted performance. Global futures indices rose ahead of the release of the Fed's policy minutes, which is due on Wednesday, in anticipation of accommodative outlook.

  • May 18, 2021 / 03:47 PM IST

    Rohit Singre, Senior Technical Analyst at LKP Securities

    Nifty opened with a strong gap above its good hurdle zone of 15,050 and managed to close at 15,108 with good gains of more than one percent. Going forward, 15,000-14,900 will act as a strong base. Holding above the said levels, the structure will be quite positive and any dip near the said levels will be again buying opportunity with keeping an overall stop loss below 14,900 and resistance is coming near 15,200-15,300.

  • May 18, 2021 / 03:42 PM IST

    Closing updates: Market benchmarks the Sensex and Nifty closed with healthy gains on May 18. Sensex closed 613 points, or 1.24 percent, higher at 50,193.33. Nifty closed with a gain of 185 points, or 1.24 percent, at 15,108.10.

    BSE Midcap and Smallcap indices closed 1.87 percent and 1.28 percent higher, respectively. Among the sectors, BSE Auto rose 3.19 percent, while capital goods, consumer durables, power, industrials, consumer discretionary rose more than 2 percent each. 

    BSE Telecom fell 1.66 percent and the FMCG index closed 0.37 percent lower. 

  • May 18, 2021 / 03:22 PM IST

    Hemang Jani, Head Equity Strategy, Broking & Distribution, Motilal Oswal Financial Services
    The Nifty Midcap 100 index yesterday crossed the 25,000-mark for the first time and continues to hit an all-time high as the sentiments improve. Over the last year, Nifty Midcaps have clearly outperformed, giving returns of about 94 percent vis-à-vis 65 percent return in Nifty. 

    As domestic covid cases fell below the 3 lakh mark for the second day in a row since mid-April, helped by the extended lockdowns by majority states, sentiments have turned buoyant. Hopes have accelerated that soon restrictions/curbs would be eased once cases decline further.  

    Thus, investors are heading more for mid-cap stocks as growing risk appetite and cheaper valuations of these companies compared to large-cap peers have revived their popularity.

  • May 18, 2021 / 03:07 PM IST

    Surge in vaccination to fortify the revenues of glassmakers: CRISIL Ratings
    The sharp increase in COVID-19 vaccination led pharma demand and expected healthy growth in end-user sectors like automobiles and construction is expected to drive revenues up by 12% on-year for domestic glassmakers in fiscal 2022.
    The recovery, already visible since the second half of fiscal 2021, is expected to continue in this fiscal, albeit some headwinds of the second wave of COVID-19 in the first quarter of the current fiscal, an analysis of 25 CRISIL-rated glass-makers shows.

  • May 18, 2021 / 03:01 PM IST

    Jyothy Labs Q4: Consolidated net profit grew 2.7 percent to Rs 27.3 Cr Vs Rs 26.6 Cr (YoY). Consolidated revenue grew 26 percent to Rs 495.1 Cr Vs Rs 393 Cr (YoY).   Cons EBITDA grew 74.8 percent to Rs 70.9 Cr Vs Rs 40.6 Cr (YoY) and EBITDA margin came at 14.3 percent Vs 10.3 percent (YoY).

  • May 18, 2021 / 02:54 PM IST

    Abbott India Q4: Net profit grew 37.4 percent YoY to Rs 152.5 crore in Q4FY21 versus Rs 111 crore in Q4FY20.

    Revenue grew 14 percent to Rs 1,095.5 crore against Rs 961.2 crore YoY.

    EBITDA jumped 48.5 percent to Rs 205.5 crore versus Rs 138.4 crore YoY. EBITDA margin came at 18.7 percent versus 14.4 percent YoY.

    The board of directors recommended payment of a final dividend of Rs 120 and a special dividend of Rs 155 per equity share of Rs 10 each for the year ended March 31, 2021.

  • May 18, 2021 / 02:38 PM IST

    Crypto exchanges say Sebi or a new entity, not RBI, should regulate the sector: Report

    Cryptocurrency exchanges have communicated to the government that market regulator Securities and Exchange Board of India (Sebi) is more suited to regulate the space than the Reserve Bank of India (RBI).

    Exchanges reasoned that cryptocurrency assets, such as Bitcoin and Ethereum, are closer to commodities than currencies, The Economic Times reported. The exchanges also proposed a new a entity to regulate cryptocurrencies. Read more

  • May 18, 2021 / 02:23 PM IST

    Tapan Patel- Senior Analyst (Commodities), HDFC Securities: Crude oil prices traded higher with benchmark NYMEX WTI crude oil prices were trading 0.74% up at $66.77 per barrel for the day. MCX Crude oil May futures traded marginal up to Rs. 4871 by noon. 

    Crude oil prices are expected to trade sideways to up for the day with resistance at $68 and support at $65 per barrel. MCX Crude oil May has support at Rs. 4790 and resistance at Rs 4960.

  • May 18, 2021 / 02:18 PM IST

    Canara Bank Q4: Net profit at Rs 1,011 crore against loss of Rs 3,259.3 crore (YoY). Gross NPA at 8.93 percent against 8.95 percent (QoQ). Net NPA at 3.82 percent against 3.93 percent (QoQ). Provisions at Rs 4,134 crore against Rs 4,325 crore (QoQ) and against Rs 5,375 crore (YoY). NII grew 68.4 percent at Rs 5,589.2 crore against Rs 3,318.5 crore (YoY). Other income at Rs 5,207 crore against Rs 2,175 crore (YoY).

  • May 18, 2021 / 02:06 PM IST

    Nifty Auto added 2 percent led by Ashok Leyland, Mahindra & Mahindra and Bajaj Auto

      Nifty Auto added 2 percent led by Ashok Leyland, Mahindra & Mahindra and Bajaj Auto