Share Market HIGHLIGHTS: Nifty 50 ends one point shy of 18,400, Sensex up 318 pts; Hero MotoCorp, Tata Motors, ITC top blue-chip gainers
Share Market HIGHLIGHTS: The domestic equities ended with decent gains on May 15, 2023, amid across-the-board buying. The S&P BSE Sensex jumped 318 points, or 0.51 per cent to 62,345.71 while the NSE's Nifty ended at 18,398.85, up 84 points, or 0.46 per cent. Realty stocks gained the most on the BSE after DLF reported an encouraging set of numbers for the March quarter. Next on the list were FMCG and telecommunication stocks.
Some 75 companies are scheduled to report their Q4 results on Monday, including Kalyan Jewellers, Pfizer and Tube Investments.
Catch minute-by-minute updates of all the action in the Indian share market on May 15, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
Share Market HIGHLIGHTS: The domestic equities ended with decent gains on May 15, 2023, amid across-the-board buying. The S&P BSE Sensex jumped 318 points, or 0.51 per cent to 62,345.71 while the NSE's Nifty ended at 18,398.85, up 84 points, or 0.46 per cent. Realty stocks gained the most on the BSE after DLF reported an encouraging set of numbers for the March quarter. Next on the list were FMCG and telecommunication stocks.
Some 75 companies are scheduled to report their Q4 results on Monday, including Kalyan Jewellers, Pfizer and Tube Investments.
Catch minute-by-minute updates of all the action in the Indian share market on May 15, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
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Share Market Today | Nifty ends one point shy of 18,400, Sensex up 318 pts as bulls stay in charge for second straight day
Both headline indices finish the day 0.5 per cent higher. The Nifty 50 gains 84.1 points for the day to settle at 18,398.9 and the Sensex at 62,345.7, up 317.8 points from its previous close.
Here's how the indices moved through the day:
Nifty 50
Sensex
Images: NSE, BSE
Share Market Today LIVE | Tata Motors, Hero MotoCorp among top movers of Nifty Auto
Nifty Auto rises 95.70 points or 0.52 per cent to 18,410.50 on Monday. Tata Motors, Hero MotoCorp and Ashok Leyland are among the top gainers. Meanwhile, Tube Investments of India, Maruti Suzuki India and TVS Motor are among the top losers.
Source: NSE
Carmakers back zero duty on limited British imports under trade deal: Reuters
Indian carmakers have agreed to eliminate import tax on a limited number of vehicles in a trade deal with Britain "if the need arises", offering better access to the world's third-largest automobile market, news agency Reuters reported citing a document.
Share Market Today LIVE | Sobha Ltd, DLF, Elgi Equipments among 305 gainers in BSE 500 universe
On the other hand, Edelweiss Financial Services, Adani Total Gas and Adani Transmission are the top laggards.
Here's a look at the stocks moving the most in the broadest gauge on the bourse:
Source: BSE
Share Market Today LIVE | Adani Transmission, Adani Total hit 5% lower circuit as most Adani group stocks reel under pressure
The stock of Adani Enterprises, the group's flagship, is down 2.8 per cent as most of the conglomerate's shares face selling pressure.Adani Total Gas and Adani Transmission are locked in their lower circuit limits, at five per cent.
| Stock | Change (%) | CMP |
| Adani Total | -5 | 777.45 |
| Adani Transmission | -5 | 840.8 |
| Adani Enterprises | -2.8 | 1,909.15 |
| Adani Green | -2.2 | 876.45 |
| Adani Power | -1.9 | 236.45 |
| Adani Wilmar | -1.5 | 386.40 |
| NDTV | -0.8 | 179.00 |
| UltraTech | 0.7 | 7,753.95 |
| Adani Ports | -0.4 | 697.10 |
| ACC | 0.3 | 1,799.90 |
Adani-Hindenburg case| Sebi seeks more time for probe, says arriving at conclusion prematurely won't do justice
The Securities and Exchange Board of India (SEBI) through a petition has asked for an extension to investigate the Adani case as "it is complex and involves many complicated transactions." Read more on Adani-Hindenburg case
Share Market Today LIVE | Nifty at 5-month high, crosses 18,400 level
Nifty is up 0.66 per cent or 120.1 points to trade at 18,434.9 levels, at a 5-month high. Financial Services, IT and FMCG auto shares are among the top movers of the indices. After reporting Q4 numbers, Tata Motors shares and DLF shares continue to surge whereas pressure in Dmart continues. Pressure in Adani Group stock stays. Excellent growth in mid and small-cap stocks.
WPI inflation at -0.92% in April, declines for 11th straight month
The wholesale inflation rate eases to a 34-month low of (-) 0.92 per cent in April on easing prices of food, fuel and manufactured items. Read more on WPI data
Source: Pexels
Share Market Today LIVE | Sensex up over 400 pts, Nifty crosses 18,400
The Sensex is up over 400 points or 0.7 per cent at 62,400-odd levels as the market enters the second half of the session. The Nifty is up over 100 points or 0.60 per cent to trade at 18,424.4 levels.
Share Market Today LIVE | Nifty Bank within 100 pts of all-time high
The Nifty Bank rises as much as 263.3 points or 0.6 per cent to touch 44,056.8, coming within 100 points of its all-time high of 44,151.8, scaled on December 14, 2022.
HDFC Bank and SBI are the top boosts for the banking index.
Here are some of the key factors boosting the index:
- Continuous improvement in the asset quality of banks
- Impact of strong results from banks
- NIM's are at the highest level in many years
- Indian banks stronger than global banks
Gainers
- AU Small Finance Bank +6.5%
- IDFC First Bank +6%
- Kotak Mahindra Bank +4.9%
- ICICI Bank +2.4%
- HDFC Bank +1%
Losers
- Punjab National Bank -17.3%
- Federal Bank -7.8%
- State Bank of India -6.87%
- Bank of Baroda -4.5%
- Bandhan Bank -3.8%
- IndusInd Bank -3%Axis Bank -2.7%
Share Market Today LIVE | Zensar Technologies zooms over 9%
Zensar Technologies shares zoomed over 9 per cent on Monday, The IT firm reported a 55.9 per cent quarter-on-quarter (QoQ) jump in net profit to Rs 119.2 crore in Q4.
Source: NSE
BSE SENSEX MOVERS | Infosys, HDFC Bank, Larsen & Toubro among top movers
Among the top contributors to the gain in the 30-scrip index at this hour are Infosys, HDFC Bank, Larsen & Toubro, RIL and Tata Motors. Maruti Suzuki India and Sun Pharma pose the maximum pressure, limiting the upside in Sensex.
Dividend stocks today | Sula Vineyards, Tata Coffee, Anupam Rasayan go ex-dividend
A total of four stocks traded ex-date today, May 15, according to the NSE website. Sula Vineyards, Tata Coffee and Anupam Rasayan traded ex-dividend. Meanwhile, Visaka Industries turned ex-split. Read more on Sula Vineyards, Tata Coffee, Anupam Rasayan go ex-dividend
Nifty LIVE | Adani Enterprises, Cipla, Adani Ports limit upside in headline index
Here's a look at the top movers and shakers in the Nifty 50 basket (by weight):
Source: NSE