11:14:21 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates | Titagarh Rail Systems saw a notable surge of 10% in its shares on Thursday, reaching a peak of Rs 1,216 on the Bombay Stock Exchange (BSE). This increase followed the company’s announcement of a substantial year-on-year (YoY) rise in net profit for Q4FY24, amounting to Rs 78.95 crore, marking a 63.7% increase.
11:10:00 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: Awfis Space Solutions IPO price band fixed
Awfis Space Solutions’ IPO, offering shares at Rs 364-383 each, opens for subscription on May 22. The subscription period ends on May 27, with the anchor book opening on May 21. Anticipated stock exchange listing is on May 30.
11:07:28 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: Happiest Minds Technologies partners with Solvio
10:50:59 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates | Signature Global aims to sell Rs 10,000 cr worth homes in FY25, up 38pc annually
10:42:44 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates | Rushil Decor expands into South American market
10:38:15 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates | Shares of Indian Energy Exchange (IEX) on Wednesday rose 4% on BSE to the day’s high of Rs 151.30 after the company reported a 14.7% year-on-year (YoY) increase in its profit after tax (PAT) at Rs 95.1 cr for Q4FY24.
10:21:44 AM IST, 16 May 2024
Energy Mission Machineries debuts at 165% premium on NSE SME platform
Ahead of the listing, the company’s shares traded with a GMP of Rs 140 in the unlisted market.
10:20:28 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates | Nifty Realty rises over 1%; check out the top gainers
09:57:51 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates | Adani Energy completes acquisition of Essar’s Mahan-Sipat transmission assets for Rs 1,900 cr
09:49:00 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates | Titagarh Rail Systems surged over 6% after the company’s consolidated net profit jumped 63.7% YoY to Rs 78.9 crore in the quarter-ended March.
09:41:56 AM IST, 16 May 2024
Stock Market LIVE Updates | EYE ON EARNINGS: M&M, HAL, GAIL, Info Edge, Vodafone Idea, Biocon to announce Q4 earnings today
09:22:20 AM IST, 16 May 2024
Forex Alert | Rupee rises 2 paise to 83.44 against US dollar in early trade
09:20:31 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: Voda Idea among most active stocks on NSE
09:18:53 AM IST, 16 May 2024
Opening Bell: Sensex rises 300 points, Nifty near 22,300; Titagarh Rail surges 7%, Aadhar Housing 6%
09:08:40 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex rises 300 points; Nifty above 22,300
08:52:28 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | JEFFERIES ON OBEROI REALTY
• Maintain Hold; hike target price to Rs 1,548 from Rs 1,341
• Strong response to new launch drove pre-sales jump and a P&L beat in Q4
• FY24 pre-sales at Rs 4,000 cr are significantly below peers
• Execution will likely remain steady as management focuses on quality delivery
• At 15%+ premium to NAV, we find upside limited
Source: ET NOW
08:52:20 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | JEFFERIES ON DIXON
• Maintain Underperform; hike target price to Rs 6,350 from Rs 5,920
• In-Line Quarter; but, risk-reward stretched
• In FY24, ex-Mobiles, most other product segments were muted
• High valuations could normalize once the high-growth phase is behind
Source: ET NOW
08:52:06 AM IST, 16 May 2024
ensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | NOMURA ON APOLLO TYRES
• Upgrade to Neutral from Reduce; hike target price to Rs 512 from Rs 478
• Focus on favorable mix, price hikes to support margins
• Limited capex intensity to drive FCF
• Current valuation does not look expensive given the healthy FCF yield
Source: ET NOW
08:51:56 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | JPMORGAN ON APOLLO TYRES
• Upgrade to Overweight from Neutral; hike target price to Rs 555 from Rs 535
• Pricing and capex discipline continues to be prioritized over aggressive market-share pursuit
• Believe that a proactive approach to price discipline + a focus on debt reduction could lead to a re-rating in the stock
• H1 margins could be a bit subdued, but price hikes as well as reduction in interest cost to support full year earnings
Source: ET NOW
08:51:45 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | JEFFERIES ON ADANI PORTS
• Maintain Buy with target price of Rs 1,640
• Management Guides for 5 Years of Double digit Growth
• Targeting an 18% EBITDA CAGR in FY24-29E; share of logistics moving to 10% vs 3% currently
• Ports EBITDA is expected to rise at 16% CAGR between expansion and existing ramp-up
• Remain positive given the capex prudence with 4000 return focus
• Positive on market share gains at acquired ports and also Mundra with Dedicated Freight Corridor commissioning
Source: ET NOW
08:51:32 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | HSBC ON COLGATE
• Downgrade to Hold from Buy; cut target price to Rs 2,900 from Rs 2,950
• Colgate has had a strong run, which now weighs on good results
• Earnings outlook is normalising and valuation appears rich
• Margin expansion at the pace seen last year is unlikely going forward
Source: ET NOW
08:38:43 AM IST, 16 May 2024
Sensex Today | Stock Market View: Prashanth Tapse, Senior VP (Research), Mehta Equities
The latest US April inflation data signals a potential Fed rate cut, igniting optimism among Nifty bulls. With expectations of a rate cut in September, the market anticipates a boost in corporate earnings. Amidst upcoming Q4 results from key players like M&M, HAL, and others, Oberoi Realty stands out with a significant YoY profit surge, propelling it to a record high. As Go Digit IPO garners attention and market sentiment fluctuates, Nifty’s trading range is forecasted between 22000-22500, with 22500 emerging as a crucial resistance. Call writing at 22500 indicates market sentiment, while preferred trades suggest bullish prospects for Nifty and Bank Nifty. Chart analysis favours stocks like Oberoi Realty, Indian Hotels, and Adani Port, with Oberoi Realty singled out as a strong buy, propelled by momentum.
08:12:55 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: Big movers on D-Street: What should investors do with Siemens, Oil India and LIC?
Stocks that were in focus include names like Siemens India, which rose 6.33%, Oil India, which jumped 1.98%, and LIC, whose shares increased 6.82% on Wednesday.
07:56:58 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: Asia rides Wall St rally, dollar sags on US inflation relief
Asian stock markets experienced a rally on Thursday, propelled by Wall Street’s surge to record highs overnight. This surge followed a U.S. inflation report showing milder-than-expected results, fueling expectations that the Federal Reserve may implement at least two rate cuts within the year.
07:50:01 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: Gold prices edge higher as US dollar, yields soften
Gold prices saw a slight increase on Thursday, supported by a weaker dollar and reduced Treasury yields. This movement followed data indicating a slowdown in U.S. inflation, which reinforced expectations for an interest rate cut by the Federal Reserve.
07:47:54 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: Oil prices rise on moderate US inflation data, strong demand
Oil prices continued their upward trajectory from the previous session on Thursday, buoyed by indications of increased demand in the U.S. The latest data revealed slower-than-expected inflation, reinforcing the case for an interest rate cut. This potential rate cut could further stimulate demand, contributing to the strengthening of oil prices.
07:46:12 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: Dollar sags as slower US inflation boosts rate cut expectations
On Thursday, the dollar experienced a decline to multi-month lows following reports of U.S. core inflation hitting its lowest level in three years and retail sales remaining stagnant. These developments accelerated expectations for rate cuts in the world’s largest economy.
07:40:42 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: Stocks in news: M&M, Vodafone Idea, Biocon, Mankind Pharma, Dixon Tech
In today’s trade, M&M, Vodafone Idea, Biocon, Mankind Pharma, Dixon Tech will be in focus due to various developments and quarterly earnings.
07:39:59 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: Stock Radar: Piramal Enterprises shows signs of bottoming out after 27% fall from highs
Piramal Enterprises, a part of the NBFC space, has fallen over 27% from its September 2023 highs but the price is showing signs of bottoming out, which suggests there could be a bounce back from support levels.
07:23:01 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: Quarterly earnings today
M&M, HAL, GAIL, Info Edge, Vodafone Idea, Biocon and a slew of other companies will announce their fourth quarter results today.
07:23:08 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: Ahead of Market: 10 things that will decide stock action
Wednesday witnessed a decline in Indian shares, primarily influenced by HDFC Bank, a leading private lender, and consumer stocks. The S&P BSE Sensex wrapped up the day 0.16% lower at 72,987, while the NSE Nifty50 index concluded slightly above the 22,200 level.
07:23:14 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: Market Trading Guide: Bharti Airtel, BPCL among 5 stocks recommendation
Breaking its three-day winning streak, the benchmark Sensex experienced a decline of 118 points in volatile trading on Wednesday, primarily due to selling pressure in heavyweight shares such as HDFC Bank, Reliance Industries, and TCS. The 30-share BSE Sensex settled at 72,987. Similarly, the broader Nifty saw a dip of 17.30 points or 0.08%, closing at 22,200. 5 stocks recommendations include Vedant Fashions, Thermax, Angel One, Bharti Airtel and BPCL.
07:23:21 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: Technical Breakout Stocks: How to trade Thermax, Siemens and Adani Power ?
Stocks that were in focus include names like Thermax which rose more than 8% to hit a fresh record high, Siemens was up more than 7% and Adani Power closed with gains of nearly 2% on Wednesday.
07:23:27 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 124 points, or 0.56 per cent, at 22,383.50, signaling that Dalal Street was headed for positive start on Thursday.
07:23:35 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty forms high wave type candle
Nifty on Wednesday ended 17 points lower to form a high wave type candle on the daily chart. The index largely traded sideways and failed to generate any significant directional breakout.
07:23:42 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: Rupee rises 5 paise against US dollar
On Wednesday, the Indian rupee gained ground, appreciating by 5 paise to settle at 83.46 against the US dollar. This increase was supported by the weakness of the greenback against major currencies overseas, which bolstered the local unit.
07:41:37 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: Wall Street boasts record closes as inflation data fuels rate-cut bets
Wall Street’s three major indexes notched record closes on Wednesday with the benchmark S&P 500 and the Nasdaq both advancing more than 1%, after a smaller-than-expected rise in consumer inflation bolstered investors’ hopes for interest rate cuts by the Federal Reserve.
07:23:57 AM IST, 16 May 2024
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Wednesday
The 30-share BSE benchmark Sensex declined 118 points or 0.16% to settle at 72,987. The broader NSE Nifty dropped 17 points or 0.08% to end at 22,200.
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