Closing Bell | Sensex ends 118 points lower, Nifty holds 22200; BSE MidCap up 0.6%, Smallcap gains 1%

Currency Check | Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP

#1 INR opening:83.5150

#2 INR Closing: 83.50

Indian rupee remained range bound making a high of 83.4625 and a low of 83.5125 as FPIs remained $ buyers before the crucial election test on 4th June as they continued to sell of equities. Indian rupee is expected to remain in a range of 83.40 to 83.60 tomorrow as FPIs continue their buying and RBI continues its selling.

Sensex Today | Mandar Bhojane, Research Analyst, Choice Broking

On May 15th, the Nifty index experienced a volatile trading session, oscillating within a 140-point range. Despite the fluctuations, the market ultimately exhibited sideways momentum, closing with a neutral candlestick on the daily chart.

Should the Nifty index manage to sustain a close above the 22,300 level, where the 20-day Exponential Moving Average (EMA) resides, it may extend its upward trajectory towards the 22,600 and 22,800 levels in the forthcoming sessions. The Relative Strength Index (RSI) stands at 46.6, indicating an uptick from oversold territory and signaling growing bullish momentum. Conversely, the levels of 22,000 and 21,900 are anticipated to act as support levels.

An analysis of Nifty put options reveals a concentration of Open Interest (OI) at the 22,000 level, implying potential support at this level. On the call side, significant OI concentrations are observed at the 22,500 and 22,600 levels, nearing all-time highs.

Sensex Today | Prashanth Tapse, Senior VP (Research), Mehta Equities

Markets languished throughout the session and slipped into the red towards close on profit taking in banking, auto and FMCG stocks, whereas gains in realty, oil & gas and power capped the downside. With rate cuts from the US Fed getting delayed further and FII selling worsening the sentiment, investors are getting nervous and taking a cautious stance amid growing uncertainty.

Sensex Today | Vinod Nair, Head of Research, Geojit Financial Services

The market witnessed a sideways movement throughout the day as the emotions of investors were impacted by the election-led jitters. FIIs continued to remain in the selling mode; however, domestic investors were largely concentrated on stock-specific picks. The positive results from the capital goods sector and robust growth outlook gained investors’ attention and led the segment to outperform. A drop in US 10yr yield ahead of the release of sensitive CPI data from the US will be watched carefully by the market to gain insights on rates.

Sensex Today | Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the benchmark indices witnessed lackluster activity, the nifty ends 8 points lower while the Sensex was down by 118 points. Among Sectors, PSU Banks gained the most rallied over 1 percent whereas profit booking were seen in selective FMCG and Media stocks. Technically, after two days promising pullback rally the market consolidate near 50 day SMA (Simple Moving Average) or 22300/73300.

The intraday market texture is non directional perhaps traders are waiting for either side breakout . For the bulls now, 50 day SMA or 22300/73300 would act as an immediate breakout level. Above which the market could rally up to 22375-22400/73500-73600. On the flip side, below 22150/72800 the selling pressure is likely to accelerate. Below the same, it could retest the level of 22050-22000/72500-72300.

Sensex Today | Jaykrishna Gandhi, analysts at Emkay Global Financial Services on markets

A volatile week for Nifty with index touching 21850 levels start of the week with all eyes on the last phases of the 2024 Lok Sabha elections. Last two days saw a bounce back with Metals, PSUs and small caps outperforming the frontline index. Stock specific moves observed on MSCI index rebalance. A few earnings callout - ABB & Siemens surged on huge PAT beat, VBL rallies as company gears up for peak season, BOB falls on higher slippages and credit costs, TaMo shares plunge with peak performance now behind

Global markets maintain momentum ahead of the US April CPI report - to throw more light on Feds interest rate path going forward. FIIs continue to be on a net selling spree - with MTD net selling seen to the tune of Rs 33,540cr. High volatility, elections uncertainty and optionally on Chinese markets recovery drives this bulk FII selling. DIIs have net bought Rs 26,500cr MTD - not aggressive enough to counter the overall FII net outflows. On technicals, immediate resistance is at 22400 levels and the next lower levels to be watched around 22000 levels. India VIX has continues to spike further and has now climbed above 20 levels - highest since Sept 2022

Sensex Today | Ajit Mishra – SVP, Research, Religare Broking

Following three days of rebound, the markets took a pause and closed nearly unchanged. Initially, there was an uptick, but pressure from certain heavyweights pushed the Nifty lower, leading to a range-bound movement until the end of the session. Meanwhile, a mixed trend prevailed on the sectoral front, with energy and realty sectors witnessing gains while FMCG and auto sectors ended in the red. However, the broader indices managed to post modest gains ranging from 0.5% to 1%.

We maintain our cautious outlook on the Nifty index, highlighting the resistance in the 22,300-22,400 zone, and suggest continuing with a stock-specific trading approach. In addition to domestic factors, it's advisable to closely monitor the US markets for cues.

Closing Bell | Sensex ends 118 points lower, Nifty below 22200; BSE MidCap up 0.6%, Smallcap gains 1%

Indian markets closed marginally lower, with Sensex dropping 118 points while Nifty held the 22,200 mark ahead of crucial US inflation data. Sensex closed at 72,987 points, down 0.08%, and Nifty at 22,200 points. Nifty PSU Bank Index led gainers, up 1.4%, followed by Nifty Realty and oil & gas, both up 1%. Nifty FMCG Index was the top loser, down 1%, with Nifty auto down 0.5%. Nifty Bank and Nifty Private Bank indices slipped 0.3% each.

Earnings Watch | All capacity investments are now focused on 5G, with a halt in investments for 4G. We anticipate a moderation in capex in FY25, says Gopal Vittal of Bharti Airtel during a conference call

Earnings Watch | Mukand Q4 net profit Rs29 crore, up 50% QoQ

#1 Revenue up 5% QoQ to Rs 1239 crore

#2 EBITDA Rs 83 crore, up 33% QoQ

#3 EBITDA margin 6.7% vs 5.3% QoQ

Earnings Watch | HPL Electric Q4 net profit up 22% YoY

#1 Net profit at Rs 14 crore vs Rs 11 crore YoY

#2 Revenue Rs 424 crore vs Rs 363 crore YoY

#3 EBITDA Rs 55 crore vs Rs 45 crore YoY

#4 EBITDA margin 13% vs 12.3% YoY

Sensex Today | Siemens demerger could create more room for value unlocking despite high valuation

Shares of Siemens soared 7% after the company’s board approved the demerger of its energy business into a new entity, Siemens Energy India Limited, set to be listed on BSE and NSE. This move is part of Siemens’ global restructuring plan but is seen as a positive development by analysts. Both the energy and infrastructure/mobility verticals will benefit from a sharper focus, especially with abundant growth opportunities for both sectors, analysts said. (More read)

Stock Market LIVE Updates | PB Fintech up 3%; according to Nuvama stock may witness inflows of $283 million on MSCI inclusion

Stock Market LIVE Updates | Nifty FMCG index down 0.8% to 54611 points

Sensex Today | India April trade deficit $19.1 bln vs $15.6 bln MoM

#1 Exports rose 1.1% y/y

#2 Imports rose 10.3% y/y

#3 Exports were $34.99bln

#4 Imports were $54.09bln

#5 Services exports was $29.57bln

#6 Services imports was $16.97bln

Stock Market LIVE Updates | Keystone Realtors Q4 net profit down 60% YoY

#1 Net profit down 60% at Rs30.7 cr vs Rs76.6 cr (YoY)

#2 Revenue at Rs811.6 cr vs Rs344.4 cr (YoY)

#3 EBITDA down 46% at Rs52.1 cr vs Rs96.8 cr (YoY)

#4 Margin at 6.4% vs 28% (YoY)

Stock Market LIVE Updates | RBI Draft Guidelines: PFC Assures Profitability Unaffected

PFC Management stated that they're assessing the RBI draft guidelines and foresee no impact on profitability. There might be some effect on capacity adequacy, but they assure sufficient capital adequacy at around 35%. The RBI's draft proposes higher provisions for infrastructure projects under construction: 5% during construction, 2.5% post-operation, and 1% with ample cash flow. Phased implementation: 2% in FY25, 3.5% in FY26, and 5% by FY27. Presently, lenders allocate 0.4% for non-overdue or stressed project loans.

Earnings Watch | Clean Science Q4 net profit down 13% YoY

#1 Net Profit down 12.8% at Rs70.2 cr vs Rs81 cr (YoY)

#2 Revenue up 5% at Rs227.5 cr vs Rs216.8 cr (YoY)

#3 EBITDA down 10.1% at Rs94.4 cr vs Rs105 cr (YoY)

#4 Margin at 41.5% Vs 48.4% (YoY)

Stock Market LIVE Updates | M&M races to new record high ahead of Q4 results; stock up 32% so far this year

Earnings Watch | Jyothy Labs 4Q net profit Rs 78.16 crore, up 32% YoY

#1 Revenue Rs 660 crore, up 7% YoY

#2 Total costs Rs 566 crore, up 5% YoY

#3 Other income Rs 12.97 crore vs Rs 5.7 crore YoY

IPO Watch | Go Digit General IPO subscribes 0.22 times till 1.33pm on day 1

#1 Overall 0.22 times

#2 QIB 0.00 times

#3 NII 0.14 times

#4 Retail 1.01 times

Stock Market LIVE Updates | SBI hikes deposit rates on some tenures by 25-75 bps

Stock Market LIVE Updates | Manali Petro: Unit pact with Krahn UK for silicone oils in UK

Why Bernstein believes 'low voter turnout' shouldn't lead to investor panic as yet

Markets turned volatile as Lok Sabha elections progressed with the conclusion of Phase 4. Continuing the trend of a dip in voting seen in the first three phases, the 67.3 percent voter turnout in Phase 4 was lower than the 69.6 percent seen in 2019 general elections.

The dip made stock investors nervous, as the market has been factoring in a stronger mandate for the BJP-led NDA this time. However, Bernstein pointed out that historical election data does not show a clear correlation between voter turnout and election outcomes.

The international brokerage stated that one should not read too much into the turnout numbers, as yet at least, and that it would take a lot more than just a drop in vote percentage for the BJP-led NDA tally to see a significant dent and only then India Inc may start factoring in a case of non-continuity. Find out more

Sensex Today | Elections are adding to the uncertainty, which is impacting the volatility in the markets: Mark Mobius to CNBC-TV18

#1 Markets will move up if the Modi government comes back, on policy continuity

#2 Incredible opportunity for India in tech advancement and mfg, need to see if India can attract top investment in this space.

#3 My reading is that the Modi govt will loosen restrictions to attract foreign investment

#4 Best way to invest is to buy when others are selling and sell when others are buying

#5 Indian elections are having a big impact on the emotion of the market

#6 Long-term growth investors in India should target smallcap stocks

Market at 1 PM | Sensex, Nifty trade marginally lower in choppy session

The Sensex was down 154.09 points or 0.21 percent at 72,950.52, and the Nifty was down 26.40 points or 0.12 percent at 22,191.40. About 2110 shares advanced, 1224 shares declined, and 79 shares unchanged.

Stock Market LIVE Updates | PB Fintech, Thermax, Sundaram Finance, and Canara Bank surge 4-9% on MSCI inclusion, Paytm falls

Shares of Policybazaar parent PB Fintech, Thermax, Sundaram Finance and Canara Bank surged in trade on May 15 as the inclusion of these stocks in the MSCI's Global Standard index, post its latest rejig, brought cheer for investors.

On the other hand, share of Paytm parent One97 Communications fell in trade after the stock was thrown out of the MSCI Global Standard index. Nonetheless, it made its way into the MSCI Smallcap index.

Following the rebalancing, shares of Thermax scaled a record high, soaring over 8 percent, followed by Sundaram Finance which was up 6 percent. Aside from these, Canara Bank and PB Fintech were up over 4 percent each. In contrast, Paytm shares were down 1 percent in trade. More

Stock Market LIVE Updates | Siemens stock rises to 52-week high as March quarter results beat estimates

Shares of Siemens surged over 7 percent on May 15 to hit a 52-week high of Rs 7,240 on the National Stock Exchange (NSE) after the company's March quarter results beat street estimates, aided by a strong margin performance and higher other income leading to a sharp beat on profit.

According to analysts, Siemens is better placed to benefit from robust railway/metro capex, especially on large system order potential. Brokerages retained bullish call on the stock and raised target prices as they believe that the company will continue to benefit from a strong demand environment, especially in transmission, data centre, EV, railways, semiconductor, electronics and hydrogen.

Along with the quarterly results, Siemens' board approved a proposal to demerge its energy business into a separate legal entity – Siemens Energy India Ltd. As per the scheme of arrangement, shareholders of Siemens will receive one share of Siemens Energy India for every one share of Siemens. The new entity will subsequently be listed on the BSE and NSE. Read More

Currency Watch | Rupee hovers near record low ahead of trade data

Indian rupee continues to hover near its fresh record low ahead of April trade data which is expected to show a wider deficit. At 12.4pm, the home currency was trading little changed at 83.51 a dollar. Earlier in April, the rupee hit a record low of 83.58 a dollar.

Earnings Watch | Paradeep Phosphates Q4 net profit Rs 20.30 cr vs Rs 9.5 crore YoY

#1 EBITDA Rs150 crore vs Rs 90.6 crore YoY

#2 EBITDA margin 6.6% vs 2.49% YoY

Earnings Watch | Granules India Q4 net profit Rs 130 crore, up 8% YoY

#1 Revenue Rs 1180 crore, down 1.7% YoY

#2 Total costs Rs 1000 crore, down 3% YoY

#3 Dividend Rs 1.5 a share

Stock Market LIVE Updates | BSE Capital Goods index hit a fresh high at 64,000 mark, up 1.4%

BSE Capital goods soared to a new peak driven by a robust rally in multinational companies (MNCs) like Thermax, Schaeffler India, Siemens, CG Power and Industrial Solutions, SKF India, and Honeywell Automation India. These stocks surged up to 14% during Wednesday's trading session.

Stock Market LIVE Updates | Canara Bank surges 4% post-split, up 8% in 3 session

Stock Market LIVE Updates | Nifty Private Bank index trade 0.4% lower to 23700

Stock Market LIVE Updates | Manappuram has 1.14 million shares change hands in a bunched trade: Bloomberg

Earnings Watch | Power Finance Q4 net profit up 19% YoY to Rs 4140 crore

#1 Revenue Rs 12240 crore, up 20% YoY

#2 Total cost Rs 7230 crore, up 22% YoY

#3 Dividend Rs 2.5 a share

Stock Market LIVE Updates | Oil India board to meet on May 20 to consider bonus shares

Stock Market LIVE Updates | Dish TV has 2.66 million shares change hands in a bunched trade: Bloomberg

Sensex Today | MojoPMS CIO Sunil Damania Predicts Volatility Surge Amid Election Jitters

Voter turnout and its impact on the election outcome is making the market nervous. The market is going with the equation that lower turnout means the BJP may get a lower number of seats as compared to the 2019 election. Our study shows that when BJP replaced the Congress in 2014, voter turnout increased by more than 800 bps. Remember, after 1984 the first time a single party got majority seats in the parliament, unlike in the past, coalition government was the order of the day. We sense that the BJP should get a majority in the parliament without going into the merit of the argument about whether lower turnout is better for the incumbent government. If the market falls before the general election outcome, one can expect a rally post-result. But if there is no meaningful correction, the market may behave like in 2019, where Indices moved down post-election results. Indian market valuations are rich, and that may keep the upside capped. Post-election, the market will start speculating on the budget announcement. This will also keep marketmen busy. Hence, we sense that in the next couple of months the market will likely remain volatile.

Sensex Today | MC Inside Edge: Silent Investor forges ahead, TIL(l) profits come, AK-47 guns for unlisted cos

A bird in the bush is worth two in hand. That seems to be the approach of many small and high networth individuals looking for potential multibagger stocks in the small cap space. This is reminiscent of the startup bubble a few years back when investors would get excited by the cash burn of a company rather than its profitability. Loss making TIL (formerly Tractors India Limited) saw a strong response to its Rs 50 crore rights issue, which got subscribed 2.15 times overall. Some of the HNIs who applied thinking it would be an all-you-can-eat buffet were disappointed to learn there were many others thinking on similar lines. (More read)

Stock Market LIVE Updates | India VIX trades 1% higher to hit 20.43 level

Stock Market LIVE Updates | PVR Inox lowers FY25 capex by 25%, plans to shut down 70 non-performing screens

Stock Market LIVE Updates | Power Finance Corp up 3% ahead of Q4 earnings due later today

Sensex Today | Mid-tier IT loses more ground than larger ones as vendor consolidation gains steam

Mid-tier information technology (IT) companies lost more ground than their larger peers in financial year 2023-24 as vendor consolidation deals by clients have led to a decline in revenue growth, and that too on a smaller base. Although mid-tier companies continued to outperform their Tier-1 peers, the year-on-year (YoY) growth rate halved in FY24.

Lower tech spending by clients due to uncertain macroeconomic situations in key markets has been troubling IT companies in the past few quarters, leading to the tepid performance in FY24. (Read more)

Stock Market LIVE Updates | Suzlon Energy has 1.02 million shares traded in a bunch: Bloomberg

Stock Market LIVE Updates | Thyrocare Technologies Q4 profit rises 41% YoY to Rs 17.8 crore with strong operating numbers

Stock Market LIVE Updates | Radico Khaitan Q4 profit jumps 26% YoY to Rs 54 crore with healthy topline, operating numbers

Stock Market LIVE Updates | NSE Suspends Brightcom Group; Trading to Resume Under Z Category After 15-Day Suspension

NSE announced the suspension of Brightcom Group starting June 14, 2024, until compliance with the Master Circular. Following a 15-day suspension, trading in the company's securities will resume on a Trade for Trade basis in the Z category every week for six months

Stock Market LIVE Updates | Coal India surges 3% on higher volumes

Stock Market LIVE Updates | SEBI Grants LIC Three-Year Extension for 10% Public Shareholding

Stock Market LIVE Updates | Nifty PSU Bank index up 1.5% to 7169 points

Sensex Today | Kotak Institutional Equities to CNBC: Market witnesses some profit booking

#1 Nifty Trading At 20x 1-year Forward Earnings

#2 Market Has Seen Some Profit Booking

#3 See Scope For Earnings Upgrade In Rural Focussed Themes

#4 Private Banks Were Heavyweight In Foreign Portfolio, Heavy Selling Seen From FIIs

#5 Market Not Expecting A Major Change In Establishment Or Policies

#6 Like Residential Real Estate Plays

Sensex Today | Jefferies, Incread increases target price on Siemens

#1 Buy; Target Raised To Rs8,000/Share

#2 To Benefit From Sizeable Power Transmission Capex Ordering

Incred On Siemens

#1 Add Call, Target Raised To Rs7,565/Share

#2 Strong Q2FY24 EBITDA Beat On Est

#3 EBITDA Margin Improved By 249 bps YoY To 15.3%

#4 Energy Biz Demerger Likely To Be Completed By CY25

Stock Market LIVE Updates | Oberoi Realty Q4 profit spikes 64% YoY to Rs 788 crore with robust topline, operating numbers

Stock Market LIVE Updates | Apollo Tyres Q4 profit tanks 14% YoY to Rs 354 crore with muted topline

Stock Market LIVE Updates | Siemens Q2 earnings above estimates. Profit surges 70% YoY to Rs 803 crore

Stock Market LIVE Updates | Nifty Realty up 1.7% to hit 971 points

IPO Watch | TBO Tek starts trading at Rs 1380 vs Rs 920 a share IPO price

IPO Watch | Aadhar Housing Finance shares makes a tepid debut, lists flat against issue price

Stock Market LIVE Updates | Nucleus Software exports names Surya Prakash Kanodia as CFO

Stock Market LIVE Updates | 16 domestic mutual funds support ICICI Bank's broking arm delisting proposal, while 7 oppose it, in a vote held on March 27, 2024

Stock Market LIVE Updates | DLF slips despite strong Q4 results, positive commentary; brokerages raise target prices

Stock Market LIVE Updates | Paytm dropped from MSCI India Index

Stock Market LIVE Updates | Bharti Airtel gains despite weak Q4 results, declares Rs 8 dividend

Stock Market LIVE Updates | Cipla confirms 2.53% stake sale by promoters

Stock Market LIVE Updates | Auto stocks in fast lane, M&M, Hero Moto hit fresh 52-week highs

Stock Market LIVE Updates | Cipla, HDFC Bank, Bharti Airtel most active stocks at this hour

Stock Market LIVE Updates | Nifty PSU Bank, Nifty Realty top sectoral leaders

Stock Market LIVE Updates | Broader indices outperform benchmark Nifty 50 index

Opening Bell | Sensex flat, Nifty above 22,250; Cipla, Bharti Airtel top gainers

The Sensex was up 132 points or 0.18 percent at 73,237, and the Nifty was up 58 points or 0.26 percent at 22,276. About 1,942 shares advanced, 463 shares declined, and 94 shares unchanged.

Markets at pre-open | Sensex, Nifty trade flat-in-green

Block deal alert | Around 2.04 crore shares, making 2.5% stake in Cipla change hands in 3 block deals

Sensex Today | MSCI India Index Rejig: New Inclusions and Exclusions

MSCI's latest rebalancing adds 13 stocks to the India Index, including Indus Towers, Canara Bank, and PB Fintech. Others like Bosch and Jindal Stainless are also included. Aditya Birla Sun Life AMC and RR Kabel are among the new entrants to the Smallcap index. Exclusions from the Smallcap index include Indoco Remedies and Alok Industries

Sensex Today | Paytm, Berger Paints, and IGL Excluded from MSCI India Index

One97 Communications, Berger Paints, and IGL will be removed from the MSCI India Index, according to MSCI's official statement on Wednesday. Nuvama Alternative and Quantitative Research predicts outflows of $70 million for Paytm, $113 million for IGL, and $117 million for Berger Paints due to the index rejig.

Sensex Today | Cipla promoters set to sell 2.53 percent stake worth Rs 2,637 crore

Cipla is likely to see a block trade of shares worth Rs 2,637 crore on May 15, with the promoter family and Okasa Pharma selling as much as 2.53 percent stake. CNBC-Awaaz was the first to report on the possible block trade on May 14.

The price at which the Cipla block is expected to happen is between Rs 1289.50-1357.35 per share which turns out to be a discount of 5 percent at maximum. Kotak Securities is the sole broker of the block deal, according to sources. The block trade comes at a time when the shares have seen healthy returns, rising 44.8% in one year. (Read more)

Currency Check | Rupee may open flat against US dollar:Anil Kumar Bhansali, trader at Finrex Treasury Advisors LLP

#1 INR closing: 83.51

#2 INR expected opening: 83.50

#3 Range for the day : broadly 83.40 to 83.60

#4 Exporters to sell at 83.50 and above

#5 Importers to buy dips with stop loss at 83.60 for unhedged positions

Indian rupee was largely unchanged as it is expected to open around 83.50 despite a fall in dollar and rise in Asian currencies. It indicates the $ demand from FPIs who have been selling equities and taking money out of India keeping $ bid with RBI selling $ at the other end. Yesterday's figure of equity outflows was Rs. 4000 crores.Today also rupee looks to be range bound as we await for inflows to come from various sources and allow some appreciation in rupee.

Sensex Today | Nifty trading range seen at 22,000-23,000: Prashanth Tapse, Mehta Equities

In yesterday’s trading session, Nifty continued its upward trend for the third consecutive day, with a notable advance-decline ratio favoring bulls. Despite Chairman Powell's remarks offering little new insight, optimism prevailed as major Wall Street indices approached record highs. However, looming uncertainty surrounds a potential September US rate cut, contingent upon inflation data due for release soon. Amidst this backdrop, Nifty's options data hints at a trading range of 22000-23000, with strategic support and resistance levels identified. Notably, FIIs sold shares worth Rs. 4066 crores, while Corporate India awaited Q4 results from prominent names. Recommended trades include buying Nifty and Bank Nifty at current market prices, with AUROBINDO PHARMA singled out as a stock to watch, anticipating any corrective declines with bullish sentiment.

Sensex Today | Cipla, Airtel, Siemens, Colgate, V-Mart, PFC stocks in news today

#1 Cipla promoters likely to sell 2.5% stake via block deal: sources

#2 Airtel Q4 PAT down 15%; ARPU improves (QoQ)

#3 Siemens Q2 earnings – big beat on profit

#4 Colgate Q4 margins at all-time high

#5 V-Mart Q4 loss widens; margins expand (YoY)

#6 Earnings today: PFC, RVNL, LIC Housing, Jyothy Labs

#7 Oberoi Realty Q4 profit jumps 64% (YoY)

#8 Apollo Tyres Q4 PAT down 13.7%; revenue flat (YoY)

#9 Aadhar Housing, TBO Tek to list on bourses

#10 Virat Kohli-backed Go Digit IPO opens for subscription

Sensex Today | FII & DII Flow

FIIs sold shares worth Rs 4,065.52 crore. DIIs pumped in Rs 3,527.86 crore worth of stocks on May 14

Global Markets | Gift Nifty indicates Indian markets may open higher

The GIFT Nifty trends suggest a positive opening for the broader index in India, with a 0.25 percent gain or 56 points. Nifty futures are trading around the 22,370 level.

On 14 May, India's Sensex and Nifty surged for the third consecutive session, with Sensex up over 300 points and Nifty maintaining above the 22200 level. Broader markets BSE MidCap and SmallCap too showed strength with gaining over 1 percent after recent correction.

At closing, Sensex ended above 73000 mark, up 0.45 percent or 330 points while Nifty closed at 22218, up 0.51 percent or 113.8 points. Among sectoral indices, Nifty Metal was the top gainer, up 2.77 percent, followed by Nifty auto and oil & gas, which rose 1.8 percent each. Nifty PSU Bank, Consumer durables, and realty were up 1 percent each. Among losers, Nifty FMCG and Pharma were down 0.5 percent each.

Global markets | Oil prices rise on shrinking US stockpile

Oil prices climbed as US stockpiles shrank, with focus shifting to an upcoming International Energy Agency report on market balances. Brent approached $83 following a 1.2% decline, while West Texas Intermediate surpassed $78. The American Petroleum Institute noted a 3.1 million barrel drop in nationwide crude inventories last week, including a drawdown in Cushing, Oklahoma.

Global markets | Gold steadies ahead of US inflation data

Gold stabilized after a nearly 1% increase on Tuesday, ahead of US inflation data potentially impacting the Fed's rate decisions. Bullion hovered around $2,356 per ounce, awaiting core consumer price index figures. Forecasted data suggests US inflation may have eased in April, potentially supporting gold due to its non-interest-bearing nature. Despite a recent narrow trading range following record highs in March and April, gold remains up approximately 14% this year, supported by central bank purchases, geopolitical tensions, and Chinese consumer demand, despite delays in the Fed's expected policy shift.

Global markets | Asian markets trade higher ahead of key US inflation data

Asia-Pacific markets opened higher Wednesday, following Wall Street's lead despite stronger-than-expected inflation data. The Nasdaq reached a new record high. Producer price index for April exceeded expectations at 0.5%, initially causing a negative market reaction, but sentiment improved after March wholesale prices were revised down. South Korea and Hong Kong markets closed for a holiday. Investors also analyzed Australia's annual budget, with the S&P/ASX 200 opening 0.44% higher. Japan's Nikkei 225 rose by 0.75%, and the broader Topix gained 0.53%.

Global Markets | Jerome Powell: next move unlikely to be rate hike

#1 Don’t Think Next Move Would Be A Rate Hike

#2 More Likely That We Would Hold Policy Rate Where It Is

#3 nflation In Q1 Was Notable For The Lack Of Further Progress

#4 Did Not Expect A Smooth Road On Inflation

#5 Need To Be Patient & Let Policy Do Its Work

#6 Expect Continued GDP Growth Of 2% Or Better

#7 Expect inflation to fall, though not as confident as before

Global markets | Gift Nifty signals fourth straight day of gains

#1 Nasdaq notches new closing high; S&P 500 just shy of record close

#2 US PPI up 0.5%; above 0.3% estimate

#3 US CPI data today; likely to show 0.4% monthly gain

#4 Asian markets track Wall Street gains; Nikkei rises

#5 10-year yield ticks lower as investors assess inflation data

#6 Oil dips below $83; gold prices rebound

#7 GIFT Nifty signals a fourth straight day of gains

Global markets | US stocks ended higher ahead of key inflation

Stocks climbed on fresh US economic data, with investors awaiting key inflation figures. Nasdaq hit a new high, while Dow Jones and S&P 500 also rose. Producer price index for April surpassed expectations, tempering rate cut speculations. Initial market reaction was cautious, given downward revision in March wholesale prices. Eyes now turn to Wednesday's consumer price index release.

Federal Reserve Chair Jerome Powell reaffirmed that inflation's slowdown is slower than anticipated, prompting the Fed to maintain its current stance for an extended period. Speaking at the Foreign Bankers’ Association meeting in Amsterdam, he acknowledged the unexpected inflation readings, signaling patience and persistence with current policy measures. Powell anticipates inflation to ease gradually but doesn't foresee rate hikes in the near term.

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.