Sensex Today | Stock Market LIVE Updates: Sensex off day’s high, climbs 200 pts, Nifty above 22,550; Apollo Hospitals jumps 3%, Zomato falls 5%
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11:27:50 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Praj Industries Q4 Results
11:24:56 AM IST, 31 May 2024
China stocks track regional markets higher despite weak PMI
Additionally, data released on Thursday revealed a downward revision to consumer spending in the United States, indicating slower-than-expected growth in the first quarter. This news resulted in a decrease in Treasury yields and the dollar, while simultaneously boosting risk assets. This scenario underscores the market’s sensitivity to economic indicators and the potential implications for monetary policy decisions.
11:11:31 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates: Check top 5 gainers from real estate space
10:51:31 AM IST, 31 May 2024
Modi magic! PSU stocks create Rs 7 lakh crore wealth this election season
Investors on Dalal Street have shown strong confidence in the saying ‘Aayega to Modi hi’ (“Modi will come again”), as they have been accumulating PSU stocks in significant numbers since the Lok Sabha election voting commenced on April 19th. During this period, the market capitalization of the BSE PSU index has surged by nearly Rs 7 lakh crore, with shares of state-owned entities experiencing substantial gains of up to 87%. These PSU stocks are now being referred to as “Modi stocks”, reflecting the market’s anticipation and optimism regarding the potential reelection of Prime Minister Narendra Modi and its positive impact on these government-linked companies.
10:36:35 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | BofA Securities on HDFC Bank: Buy| Target Rs 1800
10:08:44 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Suzlon secures a new order of 81.9 MW for the 3 MW series from Oyster Green Hybrid One Private Ltd
10:06:23 AM IST, 31 May 2024
Stock Market LIVE Updates | F&O stocks to buy or sell today: Apollo Tyres, Oberoi Realty among top 6 trading ideas
- Apollo Tyres Futures: Buy| Target Rs 428| Stop Loss Rs 484
- Coromandel International: Buy| Target Rs 1430| Stop Loss Rs 1230
- Texmaco Rail: Buy| Target Rs 225| Stop Loss Rs 190
- Indus Tower: Buy| Target Rs 360| Stop Loss Rs 336
- Oberoi Realty: Buy| Target Rs 1900| Stop Loss Rs 1800
- Sona BLW Precision Forging: Buy| Target Rs 688| Stop Loss Rs 618
10:04:47 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Muthoot Finance rises 4% post Q4 results
09:57:02 AM IST, 31 May 2024
Stock Market LIVE Updates | Macquarie on Zomato: Underperform | Target Rs 96
09:38:34 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Apollo Hospitals rises 3% announced on Thursday a significant 77% increase in its consolidated net profit, amounting to Rs 258 crore for the fourth quarter concluding in March 2024.
09:24:31 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Sensex climbs 500 pts
09:21:53 AM IST, 31 May 2024
Forex News | Rupee rises 4 in early trade
Rupee rises 4 paise to 83.25 against US dollar in early trade.
09:20:21 AM IST, 31 May 2024
Stock Market LIVE Updates | GMR Infra, Canara Bank among most active stocks in morning trade
09:19:12 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Opening Bell
Sensex climbs 300 pts, Nifty above 22,550; Apollo Hospitals jumps 3%, Zomato falls 5%
09:06:11 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Pre-market session: Sensex jumps 400 points, Nifty above 22,550
08:50:02 AM IST, 31 May 2024
Sensex Today | Stock Market View: Prashanth Tapse, Senior VP (Research), Mehta Equities
The early arrival of the Southwest monsoon in Kerala, advancing into most parts of Northeast India, is the biggest positive catalyst this Friday. However, May saw Nifty and its stocks lose significant gains, and election jitters continue to rattle markets, emphasizing caution. Key events to watch include the US PCE inflation data release at 6 PM IST and exit polls starting on June 1st at 6:30 PM IST. A narrow BJP victory might hinder bold reforms, with Nifty potentially dipping to its 200 DMA at 21,000, while a larger win (360-390 seats) could spark a rally towards 23500+. Today’s market is expected to be highly volatile.
08:38:32 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | ANTIQUE ON PTC INDUSTRIES
• Initiate Buy with target price of Rs 13,010; 67% return potential
• All that glitters is… Titanium
• Closely guarded manufacturing technologies; high margins
• Casting a highly value additive segment
• Titanium-at the heart of aerospace manufacturing
• Geopolitical situation extremely favorable to PTC
• Agreements provide long-term order book visibility
08:38:23 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | MACQUARIE ON ZOMATO
• Maintain Underperform with target price of Rs 96
• Competitive intensity rising; now JioMart
• Multiple incumbent e-commerce platforms have announced renewed ambitions in QCom
• Consider Blinkit as an efficient operator
• Despite the large potential TAM of India retail, with rising competitive intensity, continue to see downside to consensus estimates
08:38:15 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | MACQUARIE ON APOLLO HOSPITALS
• Q4 results: Operationally in line, hospital profitability declines
• PAT miss was driven by higher depreciation and amortisation expenses
- • Hospital business EBITDA margin compressed 130 bps YoY and 70 bps QoQ to 23.1%
08:38:05 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | MACQUARIE ON ERIS LIFE
• Maintain Outperform; Cut target price to Rs 1,100 from Rs 1,230
• Q4 revenue beat estimate by 10%, but EBITDA and PAT were meaningfully below
• Management to issue consolidated FY25 guidance post-Q1 results
• Expects 12-14% domestic revenue growth and a 36% EBITDA margin
• Cut target price to reflect earnings dilution from recent acquisitions
08:37:55 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | BOFA ON HDFC BANK
• Maintain Buy with target price of Rs
• Finding a bottom to re-rating – key issues and catalysts
• FY25 – EPS cut cycle bottom = big stock bottom?
• Believe current EPS expectations are 90 low enough and we might finally see an end to the EPS downgrade cycle
08:37:42 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | BOFA ON M&M
• Upgrades to Buy from Neutral; raises target to ?3,050/sh from ?2,480/sh
• The Power of One: Core steady & subs value unlock expected
• Core & More: Group is worth more than just sum of subs
• A look at subs: bold targets, new leaders & sustainability
• See lots of catalysts
08:19:23 AM IST, 31 May 2024
India bond yields may inch down tracking US peers
The trader’s forecast suggests that India’s benchmark 10-year yield is expected to trade within a range of 6.97% to 7.02%, following its previous close of 6.9966%. This indicates a relatively stable outlook with a slight potential for downward movement in yields. Investors and market participants will likely monitor these developments closely for any shifts in sentiment or market conditions.
08:07:56 AM IST, 31 May 2024
Stock Market LIVE Updates | Asia stocks gain, dollar drifts as inflation tests await
The recent data showing a downward revision to consumer spending in the U.S. for the first quarter may have contributed to the decline in Treasury yields and the dollar. This slower-than-expected growth could influence market expectations regarding the pace of economic recovery and the Federal Reserve’s approach to monetary policy. Investors are likely closely monitoring these developments for insights into future market movements.
07:54:07 AM IST, 31 May 2024
Gold inches higher as inflation data looms, set for fourth monthly gain
Gold often serves as a hedge against inflation, so it’s not surprising to see its prices rising as investors await key inflation data. The upcoming U.S. inflation reading could provide valuable insights into the Federal Reserve’s approach to monetary policy, especially regarding interest rates. If inflation appears to be rising faster than expected, it could prompt the Fed to consider tightening monetary policy sooner than anticipated, which might impact various asset classes, including gold. Investors are likely keeping a close eye on these developments to make informed decisions about their portfolios.
08:39:57 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Apollo Hospitals in Focus
Apollo Hospitals reported a 77% increase in consolidated net profit indicating strong performance, which could be attributed to various factors such as increased demand for healthcare services, operational efficiencies, or strategic initiatives. It would be interesting to delve deeper into their quarterly report to understand the drivers behind this growth. Such positive financial results can also reflect well on investor confidence in the company’s future prospects.
07:37:02 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Sensex, Nifty on Thursday
By the day’s end, the Sensex closed at 73,885.60, down by 617.30 points, while the 50-stock Nifty settled at 22,488.65, marking a decrease of 216.05 points. Thursday’s trading session marked the fifth consecutive day of declines for the benchmark indices.
07:37:09 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Tech View: Nifty slips below 21EMA
On Thursday, the Nifty closed with a loss of 216.05 points, a decrease of 1%, settling at 22,488.65. This decline was driven by significant selling pressure across various sectors. Notably, the 50-stock index experienced its fifth consecutive session of decline and is currently trading below the critical 21-day Exponential Moving Average (21EMA).
07:37:21 AM IST, 31 May 2024
Stock Market LIVE Updates | US stock market
- Dow dips 0.9%,
- S&P 500 falls 0.6%,
- Nasdaq slips 1.1%
07:34:10 AM IST, 31 May 2024
Rupee rebounds 11 paise to settle at 83.29 against US dollar in previous session
The rupee recovered 11 paise to settle at 83.29 against the US dollar on Thursday on softening American currency and crude oil prices in the overseas market.
07:37:32 AM IST, 31 May 2024
Stock Market LIVE Updates | Market Trading Guide: TCS, HUDCO among 5 stock recommendations
Domestic blue-chip indices extended their decline for a fifth consecutive session on Thursday, primarily due to the downturn in metal and IT stocks. The S&P BSE Sensex concluded the day 0.83% lower at 73,885, while the NSE Nifty50 index closed below the 22,500 mark. 5 stock recommendations include TCS future, KNR Constructions, Bata, HUDCO and Mahindra Logistics.
07:37:42 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Ahead of Market: 10 things that will decide stock action today
The NSE Nifty 50 concluded the day down by approximately 1%, closing at 22,488 points, while the S&P BSE Sensex declined by 0.9%, ending at 73,885 points. This session marked the worst performance for the benchmark indices in three weeks.
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