Sensex Today | Stock Market LIVE Updates: Sensex falls over 250 points, Nifty below 22,000; Cipla gains 4%, Tata Motors tanks 5%

09:18:06 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates | Opening Bell: Sensex falls over 250 points, Nifty below 22,000; Cipla gains 4%, Tata Motors tanks 5%

09:07:10 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex dips 150 points; Nifty below 22,040

09:05:55 AM IST, 13 May 2024

Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services on FII selling

There is confusion regarding the reasons for the aggressive FPI selling in May. There are media reports attributing the FPI selling to possible setbacks to the NDA/BJP in the elections. It is important to understand that the FPI selling is due to a change in FPI stance from ‘sell China, buy India’ earlier to ‘sell India, buy China’ now. This change in stance has been caused by the recent outperformance of China (Shanghai Composite up by 3.96% and Hang Seng up by 10.93% last one month) and underperformance of India ( Nifty down by 2.06% last one month). This is likely to be a near-term trend triggered by the cheap valuations of Chinese stocks and the relative high valuations of India. It is important to understand that India’s long-term prospects are much better than China’s.

08:56:29 AM IST, 13 May 2024

Stock Market LIVE Updates: Shapoorji group seeks more time to clear bondholder payments

Shapoorji Pallonji Group, an Indian real estate firm, has requested an extension to fulfill certain payment commitments to bondholders of its subsidiary, Goswami Infratech. This request was outlined in a letter obtained by Reuters on Monday. The obligation amounts to approximately 14 billion rupees ($167.62 million). It arises when the company services the debt of another affiliated entity, Sterling Investment Corp.

08:32:16 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | GOLDMAN SACHS ON DR LAL PATH

08:36:34 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | CITI ON POLYCAB

• Maintain Buy; hike target price to Rs 7,708 from Rs 6,276
• Strong Q4 Results; growth momentum Remains Intact
• Cable and Wire business growth was strong
• FMEG business margin remains weak
• Balance sheet and working capital remain healthy
Source: ET NOW

08:31:40 AM IST, 13 May 2024

nsex Today | Stock Market LIVE Updates: BROKERAGE RADAR | IIFL ON BANK OF BARODA

• Upgrade to Buy from Add; hike target price to Rs 300 from Rs 255
• Upgrade to BUY on attractive relative valuations
• NIM expands, and should remain stable
• Trading at 40% discount to SBI, despite similar profitability
Source: ET NOW

08:36:21 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | JEFFERIES ON BANK OF BARODA

• Upgrade to Buy from Underperform; hike target price to Rs 310 from Rs 88
• Steady growth in loans; topline lifted by non-core lines
• Tad higher slippages, but may normalise from here
• ROA at +1% is better with fair valuation
Source: ET NOW

08:31:20 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | JEFFERIES ON EICHER MOTORS

• Maintain Buy; hike target price to Rs 6,000 from Rs 4,900
• Good and in-line Q4
• 2Ws poised for strong growth
• Improved long-term market share outlook
• Still time to Buy
Source: ET NOW

08:31:10 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | NOMURA ON TATA MOTORS

• Downgrade to Neutral from Buy; hike target price to Rs 1,141 from Rs 1,057
• Steady performance; in fair value zone now
• PVs to grow ahead of the industry; CV growth to be moderate
• JLR could face demand risks
Source: ET NOW

08:04:52 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: Gold edges higher as markets count on Fed rate-cut hopes

Gold prices experienced a slight increase on Monday, partly due to weaker-than-expected U.S. employment figures. This outcome bolstered expectations of a potential interest rate cut by the Federal Reserve. Such speculation often leads investors to seek refuge in gold, as it is traditionally considered a hedge against inflation and economic uncertainty.

08:03:41 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: Currency market calm as US inflation data holds focus this week

On Monday, major currencies maintained stability, with the dollar holding its ground against its counterparts. Market participants remained on the sidelines, awaiting U.S. inflation data to gauge the likelihood of interest rate cuts this year. The outcome of this data release is expected to have significant implications for currency markets, influencing trading sentiment and investor strategies in the near term.

08:02:42 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: Oil extends decline on signs of weak fuel demand, strong dollar

Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from U.S. Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp fuel demand in the world’s biggest economy.

08:01:36 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: Asia stocks brace for US inflation test, China data

Asian share markets commenced the week cautiously on Monday, with investors closely monitoring upcoming inflation figures that could sway expectations regarding earlier U.S. rate cuts. Additionally, Chinese activity data scheduled for release will serve as a litmus test for optimism surrounding a sustained recovery in the world’s second-largest economy. The outcomes of these economic indicators are likely to influence market sentiment and investor decisions throughout the week.

07:45:12 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: Stocks in news: Varun Beverages, Zomato, Indegene, Tata Motors, Tata Power, Zydus Life

In today’s trade, shares of Varun Beverages, Zomato, Indegene, Tata Motors, Tata Power, Zydus Life among others will be in focus due to various news developments and quarterly earnings.

07:44:10 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: Stock Radar: Range breakout takes Godrej Consumer to fresh record high

Godrej Consumer Products, part of the FMCG pack, witnessed a swift price action in the week gone by, pushing the stock price to hit a fresh record high, and the chart pattern suggests that the rally may not be over yet.

07:20:29 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: Quarterly earnings today

Varun Beverages, Zomato, Jindal Steel, Tube Investments and a slew of other companies will announce their fourth quarter results today.

07:20:37 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: Ahead of Market: 10 things that will decide stock action

On Friday, Indian benchmark stock indices concluded with gains, yet they marked their most challenging week in eight amid worries regarding the ongoing national elections and foreign investors’ selling, which dampened sentiment. The NSE Nifty 50, a prominent blue-chip index, climbed 0.44% to reach 22,055 points, while the S&P BSE Sensex also edged up by 0.36% to settle at 72,664 points by the closing bell.

07:21:20 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: Market Trading Guide: Hero MotoCorp, Indus Towers among 5 stock recommendations

Benchmark equity indices concluded with gains, though they recorded their most challenging week in eight, driven by worries about the ongoing national elections and selling pressure from foreign investors, which dampened sentiment. The S&P BSE Sensex wrapped up 0.36% higher, reaching 72,664 points, while the NSE Nifty50 index closed above the 22,050 level. 5 stock recommendations include Astral, Hero MotoCorp, Indus Towers, EIHotel and Bata India.

07:21:27 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: Technical Breakout Stocks: Hind Zinc and Escorts hit fresh record highs

Hindustan Zinc surged by more than 15% to reach a new all-time high, drawing attention in the stock market. Meanwhile, Escorts Kubota also saw a notable increase of over 3% on Friday, adding to its recent momentum

07:21:34 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a negative start

GIFT Nifty on the NSE IX traded lower by 43 points, or 0.19 per cent, at 22,086, signaling that Dalal Street was headed for negative start on Monday.

07:21:41 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: Tech View: Nifty faces major hurdle at 21-DEMA

On Friday, the Nifty surged by 98 points, crafting an Inside Bar candlestick pattern on the daily chart. If the headline index maintains Thursday’s low of 21,932, chartists speculate a potential pullback could ensue.

07:21:49 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: Rupee settles 3 paise lower at 83.51 against US dollar

The rupee stayed range-bound and settled 3 paise lower at 83.51 against the US dollar on Friday, as the support from positive domestic equities was negated by elevated crude oil prices.

07:21:56 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: Wall Street closes up, another weekly gain ahead of inflation data

U.S. equities managed to secure slight increases on Friday, with all three major indexes notching another week of gains. Investors closely examined remarks from Federal Reserve officials and turned their attention to the significant inflation figures slated for release next week.

07:22:03 AM IST, 13 May 2024

Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Friday

The 30-share BSE benchmark Sensex surged by 260 points or 0.36%, settling at 72,664. Meanwhile, the broader NSE Nifty witnessed a gain of 98 points or 0.44%, closing at 22,055.