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May 30, 2022 / 03:42 PM IST

Closing Bell: Indices end with robust gains, Sensex up 1,000pts; M&M, Titan, Infosys top gainers

Stock Market Updates: All sectoral indices are trading in the green with IT, oil & gas and realty indices up 2-3 percent.

  • IndexPricesChangeChange%
    Sensex53,005.07-156.21 -0.29%
    Nifty 5015,802.30-29.75 -0.19%
    Nifty Bank33,649.65-161.60 -0.48%
    Nifty 50 15,802.30 -29.75 (-0.19%)
    Tue, Jun 28, 2022
    Biggest GainerPricesChangeChange%
    ONGC147.556.05 +4.28%
    Biggest LoserPricesChangeChange%
    Titan Company1,964.30-76.00 -3.72%
    Best SectorPricesChangeChange%
    Nifty Auto11787.10101.10 +0.87%
    Worst SectorPricesChangeChange%
    Nifty Bank33648.70-162.60 -0.48%


  • May 30, 2022 / 04:22 PM IST

    Ajit Mishra, VP - Research, Religare Broking:

    Markets ended the 3-week long consolidation phase and gained over 2%, tracking firm global cues. After the gap-up start, the benchmark inched gradually higher in the first half however marginal profit taking around 16,700 zone capped the upside. Consequently, the nifty index managed to settle at 16,661 levels. Almost all the sectoral indices contributed to the move wherein consumer durables, realty and IT were the top gainers.  The broader markets too witnessed healthy traction wherein Midcap and Smallcap ended higher by more than 2% each. 

    Markets have regained some strength citing the less hawkish tone of the US Fed in the recently released meeting minutes. On the domestic front, the early onset of monsoon has further lifted sentiments. Going forward, with earnings season largely behind us, upcoming macroeconomic data i.e. GDP numbers and PMI data and auto sales will be in focus for cues. Amid all, we reiterate our positive view and suggest maintaining “buy on dips” till the Nifty holds 16,300.

  • May 30, 2022 / 04:08 PM IST

    Sun Pharma reports Q4 net loss of Rs 2,277 crore:

    Net loss at Rs 2,277.2 crore against profit of Rs 894.1 crore (YoY). Revenue was up 10.8% at Rs 9,446.7 crore against Rs 8,523 crore (YoY). EBITDA grew 14.3% at Rs 2,340.3 crore against Rs 2,048 crore (YoY). EBITDA margin at 24.8% against 24% (YoY).

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  • May 30, 2022 / 04:02 PM IST

    Deepak Jasani, Head of Retail Research, HDFC Securities:

    Nifty rose for the third consecutive session on May 30 following positive global cues due to China easing Covid curbs and sharp Friday gains on the Wall street. Some local factors helping the mood include early arrival of monsoon in Kerala raising hopes of a favourable impact on agri crops. At close, Nifty was up 1.89% or 308.9 points at 16661.4.

    Among sectors Realty, IT, Oil & Gas, Capital Goods and Consumer Durables rose the most. Broad markets did well as Midcap and Smallcap indices rose more than the Nifty and Advance decline ratio was sharply positive.

    European stocks rose on Monday after China relaxedsome of the strictest virus controls of the pandemic, fueling risk-on sentiment for economic recovery. Indian stocks were anyway due for a bounce after continuously underperforming since early April 2022. 16800-16850 level on the Nifty could be tough to breach in the near term.

  • May 30, 2022 / 03:55 PM IST

    S Ranganathan, Head of Research at LKP Securities:

    Benchmark Indices were up 2% in afternoon trade today led by IT, auto and state owned banks buoyed by global cues, a pause in the upward trajectory of the Dollar Index and early arrival of monsoon in the state of Kerala. The broader markets too mirrored the same trend with both the midcap & smallcap indices rising 2% in today's trade. We did witness keen interest in footwear, QSR and realty stocks with many of them recording smart up-moves.

  • May 30, 2022 / 03:47 PM IST

    Market at Close: Benchmark indices ended the session on May 30 with robust gains as Sensex jumped 1,041.08 points or 1.90% at 55925.74, and the Nifty added 308.90 points or 1.89% at 16661.40. About 2294 shares have advanced, 1082 shares declined, and 139 shares are unchanged.

    Among the sectors, IT, realty and oil & gas indices added 2-3 percent each while the midcap and smallcap indices gained over 2 percent each.

      Market at Close: Benchmark indices ended the session on May 30 with robust gains as Sensex jumped 1,041.08 points or 1.90% at 55925.74, and the Nifty added 308.90 points or 1.89% at 16661.40. About 2294 shares have advanced, 1082 shares declined, and 139 shares are unchanged.  

  Among the sectors, IT, realty and oil & gas indices added 2-3 percent each while the midcap and smallcap indices gained over 2 percent each.
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  • May 30, 2022 / 03:32 PM IST

    Mazagon Dock Shipbuilders Limited Q4FY22 consolidated net slumps 38.6 percent year on year
    Mazagon Dock Shipbuilders Limited Q4FY22 consolidated net slumps 38.6 percent year on year to Rs 159 crore as compared to a profit after tax of Rs 259.1 crore during the corresponding period last year due to higher provions, low other income, higher cost of spares and sub-contractor cost. Revenue for the quarter however, increased 26.6 percent year on year to Rs 1,396.43 crore compared to Rs 1,103.24 crore during the prior year period.

  • May 30, 2022 / 03:26 PM IST

    BSE Realty Index surges 4.02 percent today.
    Sobha Ltd rises more than 8 percent, DLF gains more than 6 percent while Lodha is up more than 5 percent


    Source: BSE

  • May 30, 2022 / 03:20 PM IST
  • May 30, 2022 / 03:11 PM IST

    DCM Shriram Industries Limited consolidated net for Q4FY22 falls 17 percent on year
    DCM Shriram Industries Limited consolidated net for Q4FY22 dips 17 percent on year to Rs 16.2 crore as compared to a profit after tax of Rs 19.5 crore during the corresponding period last year due to rise in raw material costs & other expenses and higher cost of stock in trade. Revenue for the quarter however, increased 25.8 percent year on year to Rs 658 crore compared to Rs 523 crore during the prior year period. The company has recommended final dividend of Rs 0.50 /- per equity share (25 percent) of Re. 2/- each the financial year ended March 2022.

  • May 30, 2022 / 03:04 PM IST

    Market at 3.00 PM

    Benchmark indices maintain gains with Nifty above 16,650

    The Sensex was up 1,065.55 points or 1.94% at 55,950.21, and the Nifty was up 318.70 points or 1.95% at 16671.15. About 2371 shares have advanced, 1058 shares declined, and 154 shares are unchanged.



    Source: BSE

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  • May 30, 2022 / 02:50 PM IST
  • May 30, 2022 / 02:36 PM IST

    JP Morgan On GAIL India: Overweight call, target at Rs 205 per share. Underlying earnings strong; policy to remain an overhang in the near term. Spot LNG prices have declined from peak. See upside risk to Spot LNG prices for H2. Near-term earnings environment remains strong.

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