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Closing Bell | Sensex ends 410 pts higher, Nifty closes above 24,800; Bajaj Finserv, Tata Steel, Sun Pharma top gainers
Sensex Today| Rupak De, Senior Technical Analyst at LKP Securities
The Nifty remained confined within the range of the previous session, suggesting that traders are staying on the sidelines awaiting a clear signal. A fall below 24,700 could trigger a market correction, potentially leading to a decline toward the 21-EMA, which is currently positioned around 24,428. Overall, sentiment is likely to remain sideways to bearish as long as the Nifty stays below 25,000. However, if the Nifty reclaims the 25,000 level, the sentiment may turn bullish, and short bets would lose their appeal.
Sensex Today| Sundar Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity
The Nifty opened flat at 24,744 but wasted no time in staging a sharp rally early in the session, hitting a day’s high of 24,946. However, the momentum quickly reversed in the second half, dragging the index to an intraday low of 24,685. The index was caught in a tug-of-war between bulls and bears, ending the day volatile and directionless. On the sectoral front, strength was evident in Realty, Pharma, Auto, Healthcare, and Financial Services. Meanwhile, pressure mounted on Consumer Durables, Private Banks, and Media stocks, weighing on overall sentiment.
Globally, metal stocks managed to extend modest gains after the People’s Bank of China cut interest rates to prop up economic growth. However, optimism was short-lived as U.S. futures slipped on the back of a tech rally cooldown on Wall Street.
In the derivatives space, out of total stocks, 153 advanced while 66 declined. Heavy open interest activity was seen in Dixon, Titagarh, Torrent Pharma, Solar Industries, and HFCL. On the Nifty options front, significant call OI buildup was noted at the 25,000 strike, while 24,700 and 24,000 held the highest open interest on the put side. The Put-Call Ratio (PCR) stands at a cautious 0.64.
Sensex Today| Vinod Nair, Head of Research, Geojit Investments
Markets exhibited a broadly positive undertone today; however, overall sentiment remained confined within a narrow range, indicating risk of “sell on rallies” strategy in the near future amid escalating uncertainty around India - US trade negotiations. There is a growing perception that India may not derive the anticipated benefits initially projected during the peak of the tariff war, which has since de-escalated.
FIIs turned net sellers due to the concerns over the recent U.S. credit rating downgrade, tax cut plans in the U.S. that could significantly widen the fiscal deficit, and its effect on the upcoming Fed policy next month. This change in stance hints at an increased probability of emerging risk-averse sentiment in the near term."
Currency Check| Rupee ends flat at 85.64/$ against Tuesday’s close
Closing Bell | Sensex Ends 410 Points Higher, Nifty Closes Above 24,800; Bajaj Finserv, Tata Steel, Sun Pharma Among Top Gainers
India's benchmark Sensex closed 0.5 percent higher, gaining 410 points to end at 81,596, while the Nifty rose 0.5 percent or 129.55 points to close at 24,813.45.
Among sectoral gainers, Nifty Realty was the top performer, rising 1.7 percent, followed by Nifty Pharma and Nifty PSU Bank, which gained 1.3 percent and 0.7 percent, respectively. Other gainers included Nifty IT and Nifty Metal, which were up 0.7 percent and 0.4 percent, respectively. Among the losers, Nifty Consumer Durables declined 0.5 percent.
Earnings Watch| Uno Minda Q4 net profit Rs 266 cr vs Bloomberg est Rs 266 crore
#1 Revenue Rs 4530 cr vs Bloomberg estimates of Rs 4435 cr
#2 Total costs Rs 4210 cr, up 20% YoY
#3 To shift 2w lighting manufacturing to Kharkhoda
Earnings Watch| NTPC Green Energy net profit at Rs 233.3 cr vs Rs 81 cr YoY
#1 Revenue Up 22.5% at Rs622.3 Cr Vs Rs508 Cr (YoY)
#2 EBITDA Up 28.3% at Rs560.4 Cr Vs Rs436.7 Cr (YoY)
#3 Margin at 90% Vs 86% (YoY)
Earnings Watch| Trident Q4 net profit at Rs 133.2 cr vs Rs 56.6 cr YoY
#1 Revenue Up 10.8% At Rs1,864.3 Cr Vs Rs1,682.2 Cr (YoY)
#2 EBITDA Up 19.3% At Rs245 Cr Vs Rs205 Cr (YoY)
#3 Margin At 13.14% Vs 12.20% (YoY)
Sensex Today| Morgan Stanley Projects Sensex to Reach 89,000 by June 2026
Global brokerage firm Morgan Stanley has forecasted that India’s benchmark Sensex could touch the 89,000 mark by June 2026, implying 8% upside from current levels.
Sensex Today| Apollo Micro System up 7%; near record high
Sensex Today| Moody’s: India’s Strong Domestic Economy Shields It from Global Trade Shocks
India is well-positioned to absorb the impact of U.S. tariffs and global trade disruptions, thanks to strong domestic growth drivers and limited reliance on exports, Moody’s Ratings said in a recent note. The agency highlighted government initiatives aimed at boosting private consumption, expanding manufacturing capacity, and increasing infrastructure investment as key buffers against a softening global demand outlook.
Easing inflation also opens the door for potential interest rate cuts, which could further stimulate economic activity. Additionally, ample liquidity in the banking sector is expected to support credit growth. “India is better positioned than many other emerging markets to deal with U.S. tariffs and global trade disruptions,” Moody’s noted, citing the country’s robust internal demand and relatively low exposure to goods trade.
IPO Watch| Belrise Industries IPO Sees Moderate Response in Initial Days
The Belrise Industries IPO witnessed a subscription of 0.44 times on Day 1 of bidding so far. Retail investor participation remained modest, with their portion subscribed 0.34 times. Non-Institutional Investors (NIIs) showed relatively higher interest, subscribing 0.76 times of their allocated quota. Meanwhile, the Qualified Institutional Buyers (QIBs) segment saw a subscription of 0.39 times.
IPO Watch| Borana Weaves IPO subscribed 22x on Day 2 so far, retail portion booked 36x
The Rs 145-crore Borana Weaves IPO saw continued interest from investors on May 21 by getting booked over 21.88 times on its second day of bidding so far. Retail investors led the subscription rally by booking their reserved portion nearly 61.2 times.
The IPO received bids for 8.07 crore shares, as against its offer size of 36.89 lakh shares, according to data available on the NSE at 2.10 pm. While retail investors took the lead, non institutional investors (NII) followed by booking their reserved portion 36 times. The portion reserved for Qualified Institutional Buyers (QIBs) was meanwhile subscribed 1.66 times.
Sensex Today| Indigo trades flat ahead of Q4 earnings
Aviation data: Domestic passenger traffic in April rises 8.5% YoY, slightly lower than March
IndiGo was the most punctual airline operating in India for the fifth straight month in a row after overtaking Akasa Air in March, data from the aviation regulator Directorate General of Civil Aviation showed....Read More
Sensex Today: Dredging Corp Jumps 17% After Q4 Profit Turnaround
Shares of Dredging Corporation surged 15% after the company swung to profitability in the March quarter. It posted a net profit of Rs21.40 crore, a sharp recovery from a loss of Rs25.97 crore in the same period last year. The company also improved on a sequential basis, up from a profit of ₹16.06 crore in the previous quarter.
Earnings Watch: Indian Metals Q4 net profit up 34% YoY
#1 Net Profit Up 34% At Rs47.3 Cr Vs Rs35.3 Cr (YoY)
#2 Revenue Down 19% At Rs567.2 Cr Vs Rs700.6 Cr (YoY)
#3 EBITDA Down 32.3% At Rs71 Cr Vs Rs104.8 Cr (YoY)
#4 Margin At 12.52% Vs 14.96% (YoY)
Sensex Today: Go Digit up 5.4%, most in three months
Sensex Today: Power Finance Q4 net profit Rs 5110 cr vs Bloomberg est Rs4621 cr
#1 Revenue Rs 14949 crore, up 22% YoY
#2 Dividend of Rs 2.05 crore
#3 Total costs Rs 8840 crore, up 22% YoY
#4 Other income Rs 4.82 cr, down 11% YoY
Sensex Today: Swiggy has 3,23 mln shares traded in block
Sensex Today: Short-term Indian bonds rally on RBI dividend hopes
Shorter-tenor Indian government bonds are leading a market rally, fueled by expectations of a substantial dividend payout from the Reserve Bank of India (RBI) to the government. The five-year bond yield fell by as much as 5 basis points to 5.85%—its sharpest decline in a week.
Sensex Today: IndusInd Bank fell over 2% ahead of Q4 earnings
Stock Market LIVE Updates | Volatility jumps 2%
The India VIX—often referred to as the fear gauge—climbed 2 percent, reflecting increased caution among investors. 
Stock Market LIVE Updates | Top losers on the Nifty 500 index
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Dixon Technolog | 15,524.00 | -6.29 | 1.59m |
| Newgen Software | 1,253.95 | -6.04 | 1.47m |
| KPR Mill | 1,175.00 | -4.49 | 1.94m |
| Radico Khaitan | 2,447.00 | -4.44 | 161.65k |
| SignatureGlobal | 1,204.90 | -4.24 | 236.88k |
IPO Check | Borana Weaves IPO subscribed at 16.45 times at 12:10 PM (Day 2)
QIB – 1.6 times
NII – 25.25 times
Retail – 47.79 times
Overall – 16.45 times
Markets@12 | Nifty 50, Sensex retreat from day's high; advances outpace declines
This Indian-origin Tesla CFO earned $139 million in 2024, surpassing Satya Nadella and Sundar Pichai
Vaibhav Taneja, 47, who assumed the role of Tesla’s CFO in 2023, received a base salary of $400,000, but the overwhelming majority of his compensation stemmed from stock options and equity awards granted following his promotion. ...Read More
Inverter maker Prostarm Info Systems' IPO to open on May 27: Check size, price band, allotment date
Prostarm Info Systems IPO | The IPO consists of entirely fresh issue of 1.6 crore equity shares with no offer-for-sale component. The price band for the offer has been fixed at Rs 95-105 per share....Read More
Sensex Today | Dixon Tech sinks following positive Q4 earnings amid lofty valuations
Stock Market LIVE Updates | Most active stocks on the Nifty 500 index
| Company | CMP Chg(%) | Volume | Value(Rs cr) |
|---|---|---|---|
| Dixon Technolog | 15,800.00 -4.62 | 1.36m | 2,134.70 |
| Bharat Elec | 377.00 3.63 | 40.03m | 1,499.76 |
| Cochin Shipyard | 1,828.00 0.57 | 6.48m | 1,180.79 |
| Mazagon Dock | 3,372.00 1.25 | 2.99m | 1,006.55 |
| Hindustan Aeron | 4,953.60 2.11 | 1.86m | 910.34 |
Markets@11| Nifty, Sensex rally nearly one percent each; BEL jumps 4%
At 11:02 am, the Sensex was up 723.33 points or 0.89 percent at 81,909.77, and the Nifty was up 227.90 points or 0.92 percent at 24,911.80. About 2,111 shares advanced, 1,116 shares declined, and 122 shares were unchanged.
Earnings Watch | Remsons Industries posts sharp jump in Q4 earnings
Remsons Industries reports its Q4 earnings:
#1) Net profit up 27.5 percent at ₹6.50 crore vs ₹5.10 crore (YoY)
#2) Revenue up 31.10 percent at ₹106.20 crore vs ₹81 crore (YoY)
#3) EBITDA up 39 percent at ₹10.99 crore vs ₹7.91 crore (YoY)
#4) Margin at 10.35 percent vs 9.77 percent (YoY)
Stock Market LIVE Updates | Top gainers on the BSE 500 index
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| GlaxoSmithKline | 2,979.65 | 6.9 | 32.24k |
| Endurance Techn | 2,332.80 | 5.3 | 8.96k |
| Data Patterns | 2,775.05 | 5.3 | 104.96k |
| Caplin Labs | 2,241.30 | 5.3 | 12.94k |
| TITAGARH | 934.40 | 5.18 | 294.15k |
Stock Market LIVE Updates | Sectoral indices rally
| Index | CMP Chg(%) | YTD(%) 1 Week(%) | 1 Month(%) 1 Year(%) |
|---|---|---|---|
| NIFTY Auto | 23859.40 1.39 | 4.49 2.15 | 9.32 2.17 |
| NIFTY IT | 37537.75 0.68 | -13.38 -0.83 | 9.97 12.46 |
| NIFTY Pharma | 21836.85 1.77 | -6.73 1.66 | 2.28 13.70 |
| NIFTY FMCG | 56656.15 0.8 | -0.25 0.54 | 0.94 3.07 |
| NIFTY PSU Bank | 6712.00 0.74 | 2.62 1.55 | 0.42 -7.61 |
| NIFTY Metal | 9216.50 0.66 | 6.55 1.82 | 6.51 -7.66 |
| NIFTY Realty | 932.60 1.06 | -11.38 5.86 | 7.93 -7.18 |
| NIFTY Energy | 35721.40 0.81 | 1.52 1.94 | 3.12 -12.81 |
| NIFTY Infra | 9013.75 0.73 | 6.50 0.96 | 3.27 3.80 |
| NIFTY Media | 1656.65 0.48 | -8.87 1.20 | 3.78 -10.81 |
IPO Check | Belrise Industries IPO subscribed at 0.02 times at 10:20 AM (Day 1)
QIB – 0.00 times
NII - 0.04 times
Retail – 0.03 times
Overall – 0.02 times
IPO Check | Borana Weaves IPO subscribed at 10.81 times at 10:15 AM (Day 2)
QIB – 1.56 times
NII - 15.83 times
Retail – 31.02 times
Overall – 10.81 times
Stock Market LIVE Update | TCS gets $339 million additional orders from BSNL for 4G Mobile Network
Stock Market LIVE Update | Indus Towers has 3.78 million shares traded in a block
Stock Market LIVE Update | Sectoral Indices @ 10
| Index | CMP Chg(%) | YTD(%) 1 Week(%) | 1 Month(%) 1 Year(%) |
|---|---|---|---|
| BSE Auto | 53230.05 0.95 | 3.03 1.68 | 8.80 0.28 |
| BSE Cap Goods | 68652.65 0.99 | 1.29 2.56 | 10.24 1.48 |
| BSE FMCG | 20686.00 0.64 | -0.41 0.68 | 1.38 4.43 |
| BSE Metal | 31049.04 0.34 | 7.47 1.57 | 6.16 -8.34 |
| BSE Oil & Gas | 27133.06 0.01 | 4.10 0.59 | 3.27 -6.85 |
| BSE Realty | 7205.89 0.73 | -12.49 5.53 | 7.55 -8.56 |
| BSE IT | 36922.69 0.33 | -14.51 -0.74 | 9.54 8.32 |
| BSE Healthcare | 42773.67 1.35 | -5.53 1.21 | 1.92 19.74 |
| BSE Power | 6768.58 0.41 | -2.83 1.67 | -1.73 -12.65 |
| BSE Cons Durables | 58919.37 -0.18 | -8.56 0.51 | 1.74 6.50 |
Brokerage Call | Dixon Tech's valuations rich, risk-reward stretched: Jefferies
Jefferies said that Dixon's valuations were rich compared to Taiwanese peers such as Hon Hai, Wistron and Pegatron.
The brokerage raised earnings per share and capital expenditure estimates following higher-than-expected Q4 earnings.
Price target raised to Rs 13,300 from Rs 12,660
Maintains 'Underperform' rating on the stock
Stock Market LIVE Update | Dixon Tech falls most in three months
Stock Market LIVE Update | KPR Mill 3.2% of equity traded in a block
KPR Mill has 10.9 million shares traded in two block trades
Stock Market LIVE Update | Eternal has 1.9 million shares traded in another block
Eternal has 1.9 million shares traded in another block
Eternal had 1.05 million shares traded in the previous block
Stock Market LIVE Update | Sensex, Nifty Open Marginally Higher; Sun Pharma, Maruti Suzuki, HCL Tech among top gainers
Stock Market LIVE Update | Pre-Market hours sees Nifty rise 0.2% while Sensex is 140 pts higher
Brokerage Call | Brokerages on Eureka Forbes, Tata Tech, Hindustan Zinc
Eureka Forbes raised to 'Buy' at East India Securities
Tata Technologies rated 'New Sell' at Prabhudas Liladhar
Hindustan Zinc rated 'New Buy' at Dolat Capital
Stock Market Today | Auto component maker Belrise Industries will start sale of $251 million worth shares
Auto component maker Belrise Industries will start sale of $251 million worth shares: BBG
Stock Market Today | KPR Mills' Founders selling as many as 10.8 million shares through block deal : BBG
KPR Mills' Founders selling as many as 10.8 million shares, 3.2% of their stake. Floor price at Rs 1107 (10% discount to stock's last closing price)
Sellers: K P Ramasamy, KPD Sigamani, P Natraj
IIFL Capital is the placement agent
Earnings Announcement Today | ONGC, IndusInd Bank, Indigo, Mankind Pharma, Oil India
Stocks in focus for their Q4 results today: ONGC, IndusInd Bank, Indigo, Mankind Pharma, Oil India, among others
Foreign buying of India's stocks accelerated in the past week
Foreign buying of India's stocks accelerated in the past week: The 5-day moving average of net foreign inflows increased to $356.8 million, rising above the 20-day average of $319.1 million, as per Central Depository Services (India) Ltd
Global Cues | Dollar declines against peers
# The dollar fell the most against the Swiss franc among major currencies, with USD /CHF down 0.5% at 0.8238: BBG
# USD/JPY declined 0.3% to 144.08
# AUD/USD gained 0.2% to 0.6442
# EUR/USD gained 0.3% to 1.1317
# GBP/USD advanced 0.2% to 1.3424
Global Cues | Brent crude rose 1.7%
#1 Oil rose on a CNN report about new US Intelligence's suggestion that Israel might be preparing for a potential strike on Iranian nuclear facilities.
#2 Brent crude rose 1.7%
#3 S&P might be near levels that suggest overheating, as per some analysts
#4 Morgan Stanley Asia-Pacific index rose 0.6% on Wednesday
#5 Long term Treasury yields surged: Traders are piling into bets that long-term Treasury yields might surge on tensions around US' swelling govt debts and deficits
#6 S&P Futures fell 0.3% ; Japan's Topix rose 0.2% ; Australia's S&P/ASX 200 rose 0.8% ; Hang Seng rose 0.6% ; Shanghai Composite rose 0.4% ; Euro Stoxx 50 futures were little unchanged
Stocks to Watch Today: NHPC, United Spirits, Aster DM Healthcare, GSFC, Gland Pharma, KPR Mills, Dixon Tech, IRCON, Nazara Tech in focus on 21 May
Stocks to Watch, 21 May: Stocks like Gland Pharma, Dixon Technologies, KPR Mills, IRCON International, Nazara Technologies, Edelweiss Financial Services, Protean eGov Technologies, Axiscades Technologies, Accretion Pharmaceuticals, NHPC, United Spirits, Aster DM Healthcare, and Gujarat State Fertilizers & Chemicals will be in focus on May 21....Read More
Global Cues | US Markets: Stocks dipped with rise in Treasury yields and concerns over the nation's sovereign debt profile
US stocks dipped on Tuesday as rising Treasury yields and concerns over the nation's sovereign debt profile weighed on investor sentiment.
The Dow Jones Industrial Average fell 114.83 points, or 0.27%, closing at 42,677.24. The S&P 500 also declined, shedding 23.14 points (0.39%) to finish at 5,940.46. Meanwhile, the Nasdaq Composite ended the day lower by 72.75 points, a 0.38% drop, reaching 19,142.71.
Global Cues | Asian markets advanced in the last trading session
Asian markets advanced in the last trading session, contrasting with a weaker session on Wall Street where the S&P 500 snapped a six-day winning streak.
Japan’s Nikkei 225 edged up 0.26%
Broader Topix climbed 0.45%
South Korea’s Kospi rose 0.58%
Kosdaq outperformed with a 0.95% gain
However, futures pointed to a softer open for Hong Kong’s Hang Seng index
Good morning and welcome to the live coverage of all the action from D-Street. Stay tuned to this blog for all live updates from the market in India and around the world.
