Share Market Today HIGHLIGHTS | Sensex settles up 267.75 pts, Nifty ends at 22,597.8 led by FMCG, oil & gas and IT

Written By: ZeeBiz WebTeam Updated on: May 22, 2024, 03.39 PM IST

Share Market Today HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex in yet another volatile session on Wednesday, May 22 settled in green. Buying interest in oil & gas, FMCG, and information technology (IT) counters supported headline indices. Catch all the highlights of the May 22 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.coms blog:

Share Market Today HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex in yet another volatile session on Wednesday, May 22 settled in green. Buying interest in oil & gas, FMCG, and information technology (IT) counters supported headline indices. Globally, market participants will watch for the Federal Open Market Committee's (FOMC) meeting decision that will be out later today.

Catch all the highlights of the session, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:

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  • Share Market Today LIVE | Sensex settles up 268 pts; Nifty settles at 22,597.8 amid buying in IT, oil & gas, and FMCG

  • Share Market Today LIVE | Sensex up 159.69 pts; Nifty holds above 22,550 in the last 30 minutes of trade 

    >> Sensex at 74,113

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    >> Nifty at 22,597.15

    >> Nifty Bank is down over half a per cent at 47,776.35

  • Share Market Today LIVE | Buy Patel Engineering shares, says Vikas Sethi

    Vikas Sethi of Sethi Finmart Pvt Ltd suggests buying Patel Engineering shares for targets of Rs 70 with a stop loss of Rs 60.

    Sethi's targets imply an upside of as much as 12.5 per cent from Tuesday's close. 

  • Share Market Today LIVE: Awfis Space Solutions IPO subscribed 1.2 times so far

    The IPO has received bids for as many as one crore shares so far as against the issue size of 86.3 lakh, according to provisional exchange data. 

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    Investor category Subscription (No. of times the equity reserved)
    QIB Nil
    NII 1.4
    Retail 4.3
    Employees 2.8
    Total 1.2

    Read more on the Awfix Space Solutions

  • Share Market Today LIVE: Buy Tata Consumer Products shares, says Sumeet Bagadia

    Sumeet Bagadia of Choice Broking suggests buying Tata Consumer Products shares for targets of Rs 1,140 and 1,150 with a stop loss at Rs 1,095.

    Bagadia's targets imply an upside of as much as 5.1 per cent from Tuesday's close.  

  • Share Market Today LIVE| Bernstein reduces target price on HCL Tech, LTIMindtree, and L&T Tech; here is why

    Global brokerage Bernstein revised its stance on a few information technology (IT) stocks. As per the latest report by Bernstein, IT service companies are in the 'mid to late cycle', and cloud growth has been healthy and driven by artificial intelligence (Al). Read more 

  • Share Market Today LIVE | BEL shares scale all-time high on the back of strong results, management commentary, FY25 outlook: 10 things to know

    Bharat Electronics Ltd (BEL) shares scaled a fresh peak on Dalal Street riding on the back of the state-run electronic equipment manufacturer's better-than-expected quarterly results, strong management commentary, and positive outlook for the current financial year. Read more 

  • Share Market Today LIVE| ITC to report Q4 nos on Thursday; here is what analysts expect 

    ITC, a cigarette-to-hotel conglomerate, is all set to announce its fourth-quarter results ended March 31, on Thursday, May 23. Zee Business analysts expect the company's standalone net profit for the quarter that ended March 31, 2024, at Rs 5,064 crore against Rs 5,014 crore a year ago which implies a one per cent rise. Read more 

  • Share Market Today LIVE | PNC Infratech shares zoom to all-time high; this is the latest trigger

    PNC Infratech shares are in high demand after the private sector infrastructure construction, development, and management company emerged as the lowest bidder for two of Maharashtra State Road Development Corporation's EPC road projects worth an estimated Rs 4,994 crore. 

    The midcap stock jumps by as much as Rs 55.8, or 12.2 per cent, to a record Rs 512.6 apiece on BSE, surpassing an earlier peak of Rs 479.2, touched last month. Know more here 

  • Share Market Today LIVE | RIL, Infosys, HUL, and ITC among top gainers in the afternoon trade 

    Domestic benchmark indices trade in green in the afternoon deals. RIL, Infosys, HUL, and ITC support the headline index.

    Here is how stocks are moving on Nifty50 at this hour: 

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  • Share Market Today LIVE| Apollo Tyres block deal: 3.5% equity changes hands in pre-opening block deal window

    Shares of Apollo Tyres gained as the company saw large trade of 2.25 crore shares, representing 3.5 per cent equity in the company during the pre-market block deal window. Read more

     

  • Share Market Today LIVE| Stocks of the Moment: Brokerage maintains 'sell' call on this Maharatna; downgrades OMC PSU giant

    Many brokerages have revised their stance of various stocks after the companies posted their Q4 results. Check out the latest target price.

     

  • Share Market Today LIVE | Nykaa shares trade rangebound ahead of Q4 earnings; scrip gains 39% in 1 year

    Shares of FSN E-Commerce, the parent company of Nykaa, trades in a range in Wednesday’s session (May 22) ahead of its March quarter earnings to be released later today. Know more here 

     

  • Share Market Today LIVE | ONGC shares just 5% shy of scaling 52-week high; should you buy, hold or sell it post Q4 show?

    ONGC shares in Wednesday’s early morning deals gains even as global brokerages remained divided on the counter post the release of its Q4 earnings on Monday. Know more here 

     

  • Currency update | Rupee rises 7 paise to 83.24 against US dollar in early trade 

  • Share Market Today LIVE | Metropolis Healthcare shares hit 52-week high post Q4 results; should you buy or wait?

    Metropolis Healthcare shares gains as much as 6.3 per cent to clock a 52-week high of Rs 2,023.45 on NSE. The positive trend follows after the diagnostics company reported a set of quarterly earnings that largely met analysts' expectations. 

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    Know more here 

     

  • Share Market Today LIVE| Paytm Q4 Results 2024: Loss widens to Rs 550 crore; revenue down by 2.8% 

    One 97 Communications Ltd (Paytm) on Wednesday released its quarterly earnings for January-March in which the company says that its consolidated net loss widened to Rs 549.60 crore from Rs 219.80 crore in the December quarter and Rs 168.90 crore in the same quarter last year. Know more here.

     

  • Commodity Update| Gold and Silver rate today (May 22, 2024): Precious metal futures trade lower; yellow metal futures near Rs 74,000, white metal futures below Rs 94,150

    Domestic precious metal futures are trading under pressure ahead of the FOMC meeting minutes decision. Meanwhile, COMEX gold in the international market is down 0.34 per cent at $2,417.6.

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    Know more here

     

  • Share Market Today LIVE | Nifty above 22,550, Sensex up nearly 100 pts in opening deals

    Nifty50

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    Source: NSE

    Sensex

    Source: BSE

  • Share Market Today LIVE| Multi bagger stock: BHEL reports below estimate Q4 nos; here is what brokerages suggest

    Bharat Heavy Electrical Ltd (BHEL) shares will be in focus on Wednesday (May 22) after global brokerages revised their stance on the stock. Know more here.

     

  • Share Market Today LIVE| 175% dividend stock: JK Tyre shares in focus after Q4 PAT jumps 54%

    JK Tyre & Industries will hog the limelight on Wednesday, May 22, a day after the tyre major posted a 54 per cent jump in the March quarter on account of higher sales. Know more here.

     

  • Anil Singhvi Market Strategy May 22 | Important levels to track in Nifty50, Nifty Bank today

    Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index to emerge at 22,400-22,470 levels and a strong buy zone at 22,300-22,350 levels on Wednesday, May 22. Read more here.

     

  • Traders' Diary | Buy, sell or hold strategy on TCS, LIC, TVS, Cipla, over a dozen other stocks today

    As market participants prepare for a new session on Dalal Street, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Wednesday, May 22, 2024, in this edition of Traders' Diary. 

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    Check out the complete list of stocks on analysts Kushal Gupta and Ashish Chaturvedi's watchlist. Read more 

     

  • Stocks to Watch | SBI, Grasim, Nykaa, Paytm, JK Tyre, IRCON, PI Industries, other stocks to track today 

    More than 160 companies are scheduled to report their financial results for the quarter as well as the year ended March 31 on Wednesday, including Sun Pharma, Power Grid, Petronet LNG, Grasim Industries, Gland Pharma, Nykaa, Paytm, Dhanlaxmi Bank, Ashoka Buildcon, Metro Brands, Strides Pharma Science, Ramco Cements, Star Cement, Minda Corp, Indigo Paints, TeamLease Services, Torrent Power, and Jubilant FoodWorks.

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    Know which stocks will be in focus today here 

     

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