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CLOSING BELL: Sensex closes 455 points higher, Nifty above 25,000; Auto and Metal stocks lead gains
Stock Market Today | Market Comments by Hrishikesh Yedve, AVP Technical and Derivatives Research, Asit C Mehta Investment Intermediates
Hrishikesh Yedve, AVP Technical and Derivatives Research, Asit C Mehta Investment Intermediates (A Pantomath Group Company) :
Nifty opened on a positive note, witnessed strong buying interest, and ultimately settled on a positive note at 25,001. The volatility index, India VIX, surged by 4.29% to 18.02, indicating a rise in market volatility.
Technically, Nifty formed a bullish candle on the daily chart, indicating strength. However, the index is still placed near the psychological resistance level of 25,000. A sustainable move above 25,000 could drive the Nifty towards 25,200–25,250 levels in the short term. On the downside, 21-Day Exponential Moving Average (21-DEMA) support is placed near 24,530. As long as the index holds above this level, a buy-on-dips strategy should be adopted.
The Bank Nifty index opened on a positive note, witnessed buying interest, and finally settled on a positive note at 55,572. Technically, the Bank Nifty index on the daily chart formed a green candle with both-side shadow, indicating indecision. On the upside, the index is facing resistance near 56,000–56,100 levels. A sustained move above this level could trigger a fresh breakout, which will drive the index towards 57,000–57,500 levels. On the downside, 21-DEMA support is placed near 54,720. As long as the index remains above this level, it is likely to continue its bullish momentum.
Stock Market Today | Market Commentary by Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services
Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services:
Indian equities gained for the second consecutive session, with Nifty50 rising 148 points(+0.6%) to reach the 25,000 mark. Market sentiments were buoyed by positive global cues after US President Trump deferred the proposed 50% tariffs on the European Union till July’25. Additionally, investor optimism was boosted by NITI Aayog’s update on India surpassing Japan to become the fourth-largest economy globally. The broader market witnessed continued buying interest, with Nifty Midcap100 and Smallcap100 gaining 0.7% and 0.4% respectively. On the sectoral front, Auto and IT indices were the top performers, rising over 1% each. The Nifty India Defence index extended gains for the third consecutive day, supported by expectation of strong order-book for defence manufacturers amidst sustained demand. Fertilizer, Agrochemical, FMCG, Auto and rural finance sectors would remain in focus due to the early onset of the monsoon and forecasts of above-average rainfall. Both FIIs and DIIs were net buyers of over Rs2,000 collectively on May 23rd, supporting the firm market trend. The RBI announced a record dividend of Rs2.69 lakh crore to the central government for FY25, up 27% from Rs2.1 lakh crore in FY24. The dividend would significantly boost the government's finances and help in maintaining the fiscal deficit target for FY26. The dollar index has been falling for three consecutive sessions, trading near its one-month low levels which could increase foreign capital inflow in emerging markets like India. Overall, we expect Indian equities to continue its gradual up-move on the back of strong domestic macros and supportive global market trends.
Stock Market Today | Markets gain to recover from past week's losses
At closing, the Sensex was up 455.37 points or 0.56 percent at 82,176.45, and the Nifty was up 148.00 points or 0.60 percent at 25,001.15.
About 2213 shares advanced, 1700 shares declined, and 187 shares unchanged.
HNIs give IPOs a cold shoulder treatment; number of applications plunges
IPOs of companies like Dr. Agarwal's Health Care, Ajax Engineering, Hexaware Technologies, Quality Power Electrical Equipments and Ather Energy saw the number of HNI applications plunge to just a few thousands, shows data from Prime Database....Read More
M&M, Bajaj Auto, other shares surge up to 2% as Auto index emerges as the top gainer: What's driving the rally?
Nifty Auto index is up over a percent to emerge as the top sectoral gainer, hopeful of export relief after Trump delays EU tariff deadline, and monsoon trend suggests a robust domestic rural demand ahead. ...Read More
Brokerage Call | JK Cement raised to 'Accumulate' at Dolat Capital
JK Cement raised to 'Accumulate' from 'Sell' by Dolat Capital
Target price has been set at Rs 5,998 ; implying potential increase of 14% from last price
Stock Market LIVE Update | Gilette India stocks jump 10% on earnings reveal
Gillette Q4 results:
# Net Profit (GU) 61% at Rs 159 crore (YoY)
# Revenue (GU) 12.70% at Rs 767.50 crore (YoY)
# EBITDA (GU) 39.70% at Rs 225.80 crore (YoY)
# Margin at 29.42%
Earnings Update | Hi-Tech announces Q4 FY25 results
Hi-Tech announces Q4 FY25 results:
#1 Net Profit (GU)58.8% at Rs 18 crore (YoY)
#2 Revenue (GU) 7.8% at Rs 734 crore (YoY)
#3 EBITDA (RD) 0.9% at Rs 34.80 crore (YoY)
#4 Margin at 4.74%
Stock Market LIVE Update | Edelweiss in talks with Fidelity, others to sell AMC stake: CNBC
Edelweiss is in talks with global asset management firms, including Fidelity, for sale of as much as 30% stake in its mutual funds business, CNBC TV18 reported.
The company is also in talks with Capital Group, Northern Trust, State Street Global, Legal and General, the report added.
Stock Market LIVE Update | Rainbow Medical raised to 'Buy' at Centrum Broking
Rating raised from 'add' to 'buy'.
Target price is set at Rs 1610 ; implies 19% upside from last closing price.
Stock Market LIVE Update | SAIL has 2.5 million shares traded in a block
Stock Market LIVE Update | Sectoral Market Indices performance @ 2
| Index | Current Market Price Change (%) | YTD(%) 1 Week(%) | 1 Month(%) 1 Year(%) |
|---|---|---|---|
| BSE Auto | 53288.29 1.03 | 3.15 -1.10 | 8.20 -1.77 |
| BSE Cap Goods | 69910.10 0.96 | 3.14 1.61 | 13.66 -0.46 |
| BSE FMCG | 20791.41 0.64 | 0.09 0.00 | 1.23 4.19 |
| BSE Metal | 31401.84 0.9 | 8.69 1.26 | 8.28 -6.17 |
| BSE Oil & Gas | 27429.96 0.77 | 5.24 0.40 | 6.54 -7.21 |
| BSE Realty | 7309.74 0.75 | -11.23 1.06 | 9.74 -9.08 |
| BSE IT | 37279.38 0.92 | -13.68 0.92 | 6.88 8.00 |
| BSE Healthcare | 42633.21 0.28 | -5.84 -0.13 | 1.79 20.28 |
| BSE Power | 6856.27 0.73 | -1.57 0.25 | 2.50 -12.00 |
| BSE Cons Durables | 58669.63 0.68 | -8.95 -1.89 | 2.94 4.90 |
Stock Market LIVE Update | Power Grid has 1 million shares traded in a block
Stock Market LIVE Update | Infibeam Avenues approves divesting entire stake in IIPL
Stock Market LIVE Update | Stocks that have fallen from day's high
| Company | CMP | High Low | Fall from Day's High |
|---|---|---|---|
| Bharti Airtel | 1,846.55 | 1,849.85 1,831.00 | -0.18% |
| IndusInd Bank | 799.80 | 801.70 790.10 | -0.24% |
| HUL | 2,385.75 | 2,391.50 2,359.10 | -0.24% |
| HCL Tech | 1,670.80 | 1,675.55 1,648.05 | -0.28% |
| Reliance | 1,437.20 | 1,441.20 1,426.05 | -0.28% |
Sensex Today| Continental Petroleums lowest bidder for Rs 32.64 cr EPC order
Markets@1 | Sensex trims gain but up over 350 pts; Nifty tests 25,000-mark
The Sensex was up 368.72 points or 0.45 percent at 82,089.80, and the Nifty was up 113.85 points or 0.46 percent at 24,967.00. About 2,004 shares advanced, 1,517 shares declined, and 147 shares unchanged.
Stock Market LIVE Updates | Landmark Cars shares up 4% after BYD announced a global price cut of 35%
Stock Market LIVE Updates | LT Foods sign JV with Kameda to expand portfolio to strengthen gluten-free snacks segment
Markets@12 | Sensex up over 450 pts, Nifty tests 25,000; India VIX jumps over 5%
The Sensex was up 488.29 points or 0.60 percent at 82,209.37, and the Nifty was up 143.05 points or 0.58 percent at 24,996.20. About 2,096 shares advanced, 1,379 shares declined, and 154 shares unchanged.
Stock Market LIVE Updates | Calcom Vision profit registers 48% YoY net profit growth in Q4FY25
Stock Market LIVE Updates | Max India's arm Antara Senior Care launches first care homes in Chennai
GE Vernova T&D shares hit 10% upper circuit as Q4 profit nearly triples, Nomura issues a Buy call
GE Vernova T&D India share price: Nomura maintained its 'Buy' rating on the stock, with a target price of Rs 2,600 apiece. This implies an upside potential of nearly 38 percent from the stock's previous closing price....Read More
Stock Market LIVE Updates | Midcaps outperform benchmarks at this hour
| Index | CMP Chg(%) | YTD(%) 1 Week(%) | 1 Month(%) 1 Year(%) |
|---|---|---|---|
| NIFTY 50 | 24941.95 0.36 | 5.49 -0.01 | 3.75 8.65 |
| NIFTY BANK | 55419.55 0.04 | 8.96 0.00 | 1.38 13.17 |
| NIFTY Midcap 100 | 57008.35 0.57 | -0.33 -0.17 | 6.42 8.74 |
| NIFTY Smallcap 100 | 17690.65 0.27 | -5.75 0.23 | 6.91 4.78 |
| NIFTY NEXT 50 | 67377.60 0.42 | -0.90 -0.04 | 4.76 -2.40 |
RVNL may scrap pact with Turkey’s Tumas amid geopolitical strains, eyes new global partners: Report
Signed in April 2024, the memorandum of understanding (MoU) between RVNL and Tumas India Pvt. Ltd was aimed at joint collaboration on infrastructure projects, including metros, railways, and other public transport initiatives. ...Read More
Stock Market LIVE Updates | Lupin, SteinCares enter into license & supply pact for eye drug in Latin America
Paytm shares rise 2% after Supreme Court stays Rs 5,700 crore GST notice against subsidiary First Games
The show cause notice was sent to First Games after DGGI had taken the view that GST liability should be calculated at 28% on the total entry amount, higher than the 18% GST paid on the platform fee generated by the gaming companies....Read More
Stock Market LIVE Updates | Remsons Industries inaugurates new manufacturing facility at Chakan, Pune
Markets@10 | Sensex surges over 600 pts, Nifty above 25,050; Nifty Metal index top performer
The Sensex was up 695.41 points or 0.85 percent at 82,416.49, and the Nifty was up 202.00 points or 0.81 percent at 25,055.15. About 2114 shares advanced, 1075 shares declined, and 172 shares unchanged.
IPO Watch| Groww Files Confidential IPO Papers, Eyes $700M–$1B Listing: ET
Investment platform Groww has confidentially filed draft papers for an initial public offering (IPO) estimated to raise between $700 million and $1 billion, according to a report by The Economic Times, citing sources familiar with the matter. The IPO will consist of equity shares with a face value of ₹2 each, and the company plans to list on both the NSE and BSE. In a related development, GIC has sought approval from the Competition Commission of India (CCI) to acquire a 2.14% stake in Groww through its special purpose vehicle, Viggo Investments, ahead of the public listing
Sensex Today| RBI May Prefer FX Swaps Over OMOs for Liquidity Infusion: Nomura
The Reserve Bank of India is likely to opt for foreign-exchange (FX) swaps rather than open market operations (OMOs) as a tool for liquidity infusion, according to brokerage Nomura. In a note, strategist Nathan Sribalasundaram stated that this shift means there is unlikely to be any significant buying in the 10-year segment of the yield curve through OMO auctions. As a result, Nomura has turned more neutral on the 10-year part of the curve, having recently booked profits on its long position.
The brokerage expects the yield curve to steepen, with the 5s10s spread anticipated to trade around 50 basis points. Nomura continues to recommend a long position in front-end government bonds, targeting a 5.75% yield on the 6.75% 2029 bond by end-June. Additionally, Sribalasundaram noted that the larger RBI dividend will eventually flow into the bond market, benefiting banks that are already underweight on statutory liquidity ratio (SLR) holdings.
Sensex Today| Motilal Oswal Initiates Coverage on Hexaware Technologies with a buy rating
Motilal Oswal has initiated coverage on Hexaware Technologies (HEXT) with a BUY rating, citing its strategic partnerships, differentiated capabilities, and well-diversified revenue mix as key strengths. The company stands out in the mid-tier IT services space due to its sharp go-to-market (GTM) strategy, strong cash conversion, and deep client mining capabilities.
While the near-term outlook remains uncertain amid evolving discretionary tech spending—especially in sectors like U.S. Banking, Healthcare, and Hi-Tech—Hexaware’s strong execution, vendor consolidation wins, and traction with mid-tier accounts offer resilience.
The brokerage values the stock at 32x Mar’27E EPS, reflecting a 19% upside potential with a target price of INR 950, applying a 15% discount to Coforge’s P/E multiple due to relative scale differences.
Sensex Today| Key Takeaways from Glenmark Pharmaceuticals' Concall: CNBC
#1 Glenmark’s Russia business has performed well, with Ryaltris emerging as a key product in the market.
#2 The company expects U.S. orders to have a greater impact on branded drugs compared to generics.
#3 Glenmark is facing some supply challenges with Liraglutide.
#4 It remains comfortable projecting 10–12% growth in India.
#5 Discussions with the U.S. FDA regarding the Pithampur plant are still ongoing.
Sensex Today| Finolex Industries rises most in seven months
Sensex Today| Gujarat Narmada rises most in 11 months
Sensex Today| Refex Industries rises most in eight months
Sensex Today| Shakti Pumps jumps most in 16 months
Sensex Today| Eternal stock fell 3% after FTSE, MSCI cut stock weight
Eternal (Zomato) may see outflows of around $840 million. This is due to a likely reduction in its weightage by global index providers FTSE Russell and MSCI. The change comes after the company's foreign ownership limit was reduced from 100% to 49.5%
Sensex Today| Balkrishna Industries down 10%, being the top Midcap loser post Q4 results
Sensex Today| Indian Markets Open Higher; Sensex and Nifty Extend Gains
Indian markets opened higher, with the benchmark Sensex rising by 0.66 percent, or 537 points, to 82,270, while the Nifty gained 0.62 percent, or 154 points, to 24,999.
Sensex Today| Views from Akshay Chinchalkar, Head of Research, Axis Securities
The Nifty rallied a percent on Friday, putting some short-term nervousness to rest. Technically speaking, an important swing low seems to have been formed at 24462 in a classic retest of a resistance-turned-support area, but bulls need to break through the 24946 - 24974 area to get an all-clear. Should this happen, the next hurdle zone lies between 25000 and 25436.
Markets Today| 10-Year Bond Yield Rises as RBI Dividend Disappoints
The 10-year bond yield rose by 3 basis points after the RBI dividend fell short of expectations. It opened at around 6.28 percent, up from its previous close of 6.25 percent.
Currency Check| Indian Rupee Gains Slightly Against the Dollar
The Indian rupee strengthened by 0.17 percent from its previous close, reaching 85.07 against the dollar.
Sensex Today| Prashanth Tapse, Senior VP (Research), Mehta Equities
Nifty ended Friday with strong gains, driven by an above-normal monsoon forecast for 2025 and the RBI’s record Rs 2.7 lakh crore dividend for FY25, boosting fiscal strength and sentiment. As we start the week, Wall Street remains shut today for Memorial Day. US stock futures are up after President Trump delayed 50% EU tariffs to July 9. Key earnings to watch: AUROBINDO PHARMA and KEC today; BOSCH, NAUKRI, NMDC, and others tomorrow. In stock moves: Sensex rejig to include Trent and BEL; Waaree Energies fell 8%, Sun Pharma dropped 2% post weak results; Ashok Leyland surged 38% on profit growth and bonus shares; Reliance ADAG stocks soared on positive news. Technically, Nifty stays bullish above 24,500. Stock to buy now: APOLLO HOSPITALS, signalling a breakout with targets at Rs 7405–7545.
Currency Check| Rupee Likely to Open Slightly Stronger Amid Tepid Flows, Says Finrex's Bhansali
After making a U turn on Friday from a low of 86.06 to 85.10 rupee is expected to open slightly stronger at 85.03 today morning as we step into a day of US holiday with flows being tepid and 5 main board IPOs being launched this week. The outflows of MSCI tomorrow could be a trigger for rupee to weaken a bit from Tomorrow.
Trade setup for May 26: Top 15 things to know before the opening bell
In the near term, the Nifty 50 may experience rangebound trading. If the index consistently defends the 24,700 level, a rally toward 25,000–25,200 cannot be ruled out. The crucial support is placed at 24,460, near the low of last week, according to experts....Read More
Stocks to Watch Today: NTPC, JSW Steel, JK Cement, Ashoka Buildcon, GNFC, Paytm, Eternal, Zydus Life, Nibe, Havells India in focus on 26 May
Stocks to Watch, 26 May: Stocks like Finolex Industries, HBL Engineering, Lux Industries, One 97 Communications Paytm, Eternal, Zydus Lifesciences, NIBE, Havells India, Cartrade Tech, Gravita India, Interarch Building Solutions, Lloyds Engineering Works, Ramco Cements, Pondy Oxides & Chemicals, and Gujarat Narmada Valley Fertilizers & Chemicals will be in focus on May 26....Read More
Results Today| Aurobindo Pharma, KEC, Nazara Technologies, Akums Drug to report earnings today
Aurobindo Pharma, Brainbees Solutions (Firstcry), KEC International, Nazara Technologies, Akums Drugs and Pharmaceuticals, Awfis Space Solutions, Blue Dart Express, General Insurance Corporation of India, Infibeam Avenues, Olectra Greentech, Apeejay Surrendra Park Hotels, Shilpa Medicare, Talbros Automotive Components, and Tracxn Technologies will release their quarterly earnings on May 26.
Sensex Today| GIFT Nifty Signals Positive Start for Indian Markets
GIFT Nifty was trading at around 24,939 points at 8:02 AM, up 57 points or 0.23%, indicating a positive start for Indian markets.
Asian markets| Asian Markets Mixed; Nikkei Gains, Hang Seng Slips
Asian stocks were trading mixed on Monday. Japan’s Nikkei rose 0.6%, while Hong Kong’s Hang Seng fell 0.5%. The Shanghai Composite edged up 0.2%.
Global markets| Wall Street Futures Rise After Trump Delays EU Tariff Decision to July 9
Futures on Wall Street advanced after U.S. President Donald Trump postponed the imposition of a 50% tariff on the European Union, initially set to take effect on June 1. The new implementation date is now July 9.
Following the announcement, Dow futures rose by as much as 320 points, while futures on the S&P 500 and Nasdaq climbed 45 and 200 points, respectively.
It’s important to note that U.S. markets are closed today in observance of the Memorial Day holiday. Consequently, futures trading will pause at 12:00 PM local time on Monday and resume at 5:00 PM for the next session.
U.S. markets had declined on Friday after Trump announced the tariff hike, citing stalled negotiations and accusing the EU of being “very difficult.” The new July 9 deadline aligns with the end of the 90-day pause on reciprocal tariffs that Trump declared on April 9.
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