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May 12, 2021 / 04:30 PM IST

Closing Bell: Nifty ends below 14,700, Sensex falls 471 pts; metals drag

Stock Market LIVE Updates | Nifty PSU Bank index rose over 3 percent, while Nifty Bank, metal and energy indices fell 1-3 percent.

  • IndexPricesChangeChange%
    Sensex63,099.65417.81 +0.67%
    Nifty 5018,758.35140.30 +0.75%
    Nifty Bank43,231.00177.55 +0.41%
    Nifty 50 18,758.35 140.30 (0.75%)
    Wed, Nov 30, 2022
    Biggest GainerPricesChangeChange%
    M&M1,305.6048.50 +3.86%
    Biggest LoserPricesChangeChange%
    IndusInd Bank1,167.80-12.80 -1.08%
    Best SectorPricesChangeChange%
    Nifty Metal6564.20116.85 +1.81%
    Worst SectorPricesChangeChange%
    Nifty PSU Bank4000.75-54.70 -1.35%

  • May 12, 2021 / 04:04 PM IST

    Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services:

    After a blowout of US NFP data, the test case on US inflation has come back again and the anxiety is jolting the global risk appetite. Traders are gravitating around the dollar as the market expects US CPI to rise by 3.6% in April, largest increase in almost a decade. 

    If the inflation figure comes in line with market expectations then bets for a monetary tightening sooner than expected will push the USDINR spot prices even higher. But if it falls short of the forecast, then dollar will continue to remain subdued with a downside pressure on USDINR spot. 

    The new trading range in spot has shifted to 73-74, and this may continue until the market gets new catalyst to react to. Technically, 73 is a major support zone, a consistent trading below that may push prices towards 72.75-72.50, while a reversal may take prices towards 73.75-74 zone.

  • May 12, 2021 / 03:55 PM IST

    Rupee Close: 

    Indian rupee ended 8 paise lower at 73.42, amid selling saw in the domestic equity market. It opened lower by 15 paise at 73.49 per dollar against previous close of 73.34 and traded between 73.38-73.50.

  • May 12, 2021 / 03:48 PM IST

    Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments:

    The Nifty has pierced 14700 during the intra day session and managed to close around it. Hence traders would need to review the situation on Friday. If we are unable to hold this level, we could drop to 14400. On the upside, if we can get back above 14850, the index can scale up to 15000 and then 15200.

  • May 12, 2021 / 03:45 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services:

    Indian indices extended its losses due to concerns over hike in global interest rates and bond yield due to rising commodity prices and inflationary pressure. All major indices belled the day in negative terrain including metals, while PSU banks and media stocks managed to stay afloat. International commodity prices will have to stabilize, to provide sustenance in the equity market.

  • May 12, 2021 / 03:35 PM IST

    Market Close: Benchmark indices fell 1 percent on May 12 on the back of weak global cues.

    At close, the Sensex was down 471.01 points or 0.96% at 48690.80, and the Nifty was down 154.30 points or 1.04% at 14696.50. About 1571 shares have advanced, 1443 shares declined, and 151 shares are unchanged.

    Tata Steel, Hindalco Industries, JSW Steel, IndusInd Bank and HUL were among the top losers on the Nifty. Gainers included Tata Motors, Titan Company, Maruti Suzuki, Power Grid Corp and UPL.

    On the sectoral front, Nifty PSU Bank index rose over 3 percent, while Nifty Bank, metal and energy indices fell 1-3 percent.

  • May 12, 2021 / 03:22 PM IST

    Asian Paints Q4:

    Asian Paints has posted 81.1 percent jump in its Q4 net profit at Rs 870 crore versus Rs 480.2 crore and revenue was up 43.5% at Rs 6,651.4 crore versus Rs 4,635.4 crore, YoY.

    Asian Paints was quoting at Rs 2,565.00, up Rs 8.40, or 0.33 percent on the BSE.

  • May 12, 2021 / 03:18 PM IST

    Cadila Health to sell Animal Healthcare business:

    Zydus Animal Health and Investments Limited (ZAHL) a wholly owned material subsidiary of Cadila Healthcare Limited, has entered into a Business Transfer Agreement (BTA) and other Ancillary Agreements to sell and transfer its Animal Healthcare Established Markets Undertaking to Multiples Alternate Asset Management led consortium, as per company's press release.

    Cadila Healthcare touched a 52-week high of Rs 673.70 and quoting at Rs 646.10, up Rs 16.40, or 2.60 percent on the BSE.

  • May 12, 2021 / 03:14 PM IST

    Rupee Updates:

    Indian rupee is trading lower at 73.44, amid selling seen in the domestic equity market. It opened lower by 15 paise at 73.49 per dollar against previous close of 73.34.

  • May 12, 2021 / 03:12 PM IST

    Dwarikesh Sugar Industries Q4:

    Dwarikesh Sugar has reported 9 percent jump in its Q4 net profit at Rs 48.2 crore versus Rs 44.3 crore and revenue was up 30% at Rs 600 crore versus Rs 461.7 crore, YoY.    

    Dwarikesh Sugar Industries was quoting at Rs 54, down Rs 1.70, or 3.05 percent on the BSE.

  • May 12, 2021 / 03:09 PM IST

    ITD Cementation bags orders worth Rs 950 crore:

    ITD Cementation India received LOA for provision of Infrastructure works consisting of Roads & Bridges, Drains, Water Supply, Sewerage, Slope Protection, Waste Management, Power System including Water and Sewage Treatment Plants including operation and maintenance of selected facilities during Operation and Maintenance (O&M) Period(s) from Government of India – value Rs 898 crore.

    Also, piling and ground improvement work at Paradip from M/s Technip – value Rs 52 crore, company said in its release. 

    ITD Cementation India was quoting at Rs 80.95, up Rs 1.45, or 1.82 percent on the BSE.