Stock Market Today: Sensex Ends Nearly 600 Points Down; Nifty Falls As ICICI Bank & HDFC Bank Drag

The NSE Nifty 50 and BSE Sensex snapped two-day gaining streak.

(Photo: Vijay Sartape/NDTV Profit)

In the second half, the Nifty 50 and Sensex extended losses as private bank stocks weighed. HDFC Bank Ltd. and ICICI Bank Ltd. share prices weighed the most.
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Market At Close: Nifty, Sensex Snaps Two-Day Gaining Streak

  • Nifty, Sensex falls after gaining for the two days.

  • UltraTech Cement and ITC are to Losers in Nifty.

  • Nifty Midcap 150 jumps higher, led by Bayer Cropscience and Hitachi Energy.

  • Nifty smallcap 250 ends flat for the day, led by ITI and TV18 Broadcast.

  • Nifty FMCG emerged as the top losing sector for the day, Drag by ITC and United Spirits.

  • Nifty PSU Bank, Realty gains for the 3rd day in a row.

  • Nifty Pharma gains for the 2nd day in a row.

  • Nifty Media snaps 4th day gaining streak

  • Nifty Bank, Metal and Oil and Gas, Financial Services, Auto, IT, FMCG snaps two day gaining streak.

Rupee Closes Weaker Against US Dollar

  • Rupee closed 25 paise weaker at 85.34 against US Dollar

  • It closed at 85.1 a dollar on Monday.

Source: Bloomberg

Stock Market Live Update: Minda Corp Share Prices Swings Post Q4 Results 

Minda Corp Q4 Highlights (Consolidated, YoY)

  • Revenue up 8.7% to Rs 1,321 crore versus Rs 1,215 crore.

  • Ebitda up 10.3% to Rs 152.9 crore versus Rs 138.6 crore.

  • Margin at 11.6% versus 11.4%.

  • Net Profit down 26.5% to Rs 52 crore versus Rs 70.8 crore.

Track live update on Q4 earnings here.

Stock Market Today: BSNL Posts Profit Of Rs 280 Crore In Fourth Quarter

Bharat Sanchar Nigam FY25 Highlights (Consolidated, YoY)

  • Revenue up 7.8% to Rs 20,841 crore versus Rs 19,330 crore.

  • Ebitda at Rs 5,396 crore versus Rs 2,164 crore.

  • Margins at 23.01% versus 10.15%.

  • Net loss down 58% to Rs 2,247 crore versus Rs 5,370 crore.

  • Net profit for Q4 at Rs 280 crore versus loss of Rs 849 crore in Q4FY24.

Stock Market Live: Balrampur Chini Mills Launches India's First PLA Biopolymer Brand

Balrampur Chini Mills Ltd. launcheed ‘Balrampur Bioyug', which is India's First PLA Biopolymer brand, the company said in an exchange filing.

Stock Market Today: Sagility India Share Price Hits Lower Circuit Limit As Promoter Plans Stake Sale

Sagility India Ltd.'s share price hit the lower circuit limit as it fell by 5.02% on Tuesday following the announcement that the company's promoter plans to sell a 7.39% stake via an offer for sale. The floor price for the offer is set at Rs 38 per share.

Stock Market Live: Chennai Petroleum To Offer Motor Spirit & High Speed Diesel 

Chennai Petroleum Corp received government approval for retail marketing rights of motor spirit and high speed diesel, the company said in an exchange filing.

Stock Market Today: TTK Prestige Share Price Falls Over 7% As Company Makes Loss In Fourth Quarter

TTK Prestige Q4 Highlights (Consolidated, YoY)

  • Revenue up 4.3% to Rs 650 crore versus Rs 623 crore.

  • Ebitda down 33.5% to Rs 51.3 crore versus Rs 77.2 crore.

  • Margins at 7.9% versus 12.4%.

  • Net loss of Rs 40.6 crore versus profit of Rs 58.7 crore.

  • Company saw exceptional loss of Rs 71.42 crore in the quarter under review.

  • To pay dividend of Rs 6 per share.

Stock Market Live Update: Gujarat Fluorochemicals Share Price Falls Over 1%

Gujarat Fluorochemicals Q4 Highlights (Consolidated, YoY)

  • Revenue up 8% to Rs 1,225 crore versus Rs 1,133 crore.

  • Ebitda up 25% to Rs 286 crore versus Rs 229 crore.

  • Margins at 23.3% versus 20.2%.

  • Net profit up 89% to Rs 191 crore versus Rs 101 crore.

  • To pay dividend of Rs 3 per share.

Stock Market Live: Shriram Properties Surges As Q4 Net Profit Rises 

Shriram Properties Q4 Highlights (Consolidated, YoY)

  • Revenue up 34.9% to Rs 407.73 crore versus Rs 302.24 crore.

  • Ebitda at Rs 48.81 crore versus Rs 9.58 crore.

  • Margins at 12% versus 3.2%.

  • Net profit at Rs 47.78 crore versus Rs 20.22 crore.

Stock Market Live Update: Info Edge Share Price Declines After Q4 Results 

Info Edge Q4 Highlights (Consolidated, YoY)

  • Revenue up 14% to Rs 749.60 crore versus Rs 657.40 crore.

  • Ebitda up 13% to Rs 247.90 crore versus Rs 219.30 crore.

  • Margins at 33.1% versus 33.4%.

  • Net profit at Rs 463.30 crore versus Rs 60.30 crore.

Track live update on Q4 earnings here.

Stock Market Live Update: SEBI Grants Certificate Jio BlackRock Mutual Fund 

Securities Exchange Board of India granted a certificate of registration to Jio BlackRock Mutual Fund, the Jio Financial Services said in the exchange filing.

Stock Market Live: Bharti Airtel Launches OTT Entertainment Pack 

Bharti Airtel Ltd. introduced OTT entertainment packs for prepaid users, the exchange filing said.

Stock Market Today: Aditya Birla Fashion Sets Rs 500 Crore Capex in FY26 To Fix Loss-Making Brands

Aditya Birla Fashion and Retail Ltd. has lined up capital expenditure of Rs 500 crore this financial year. A big focus for the company will be revamping its loss-making entities – TCNS Clothing, Tasva and TMRW – and making them profitable by next fiscal.

Read the full article here.

Stock Market Live: Infosys Partners With E.ON 

Infosys Ltd. partnered with E.ON to enable AI-Powered digital workplace transformation, the company said in an exchange filing.

Stock Market Live: Supreme Court Rules In Favour Of Adani Power In Change In Law Compensation Case

The Supreme Court has upheld the Appellate Tribunal for Electricity’s order allowing Adani Power Rajasthan Ltd to claim compensation under the “Change in Law” clause of its Power Purchase Agreement with Jaipur Vidyut Vitran Nigam Ltd.

A bench of Justices MM Sundresh and Rajesh Bindal dismissed JVVNL’s appeal against the APTEL decision. The dispute related to a PPA signed for the supply of 1,200 MW of power at a fixed tariff.

Read full story here.

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Stock Market Live: Nifty, Sensex Stage Sharp Recovery

The benchmark indices stage recovery after Sensex fell nearly 900 points in intraday trade on Tuesday and Nifty 50 fell below 24,800 level. Sensex and Nifty were both trading over 0.04% higher as of 11:30 a.m.

Stock Market Live: Bharti Airtel Launches OTT Entertainment Packs

Bharti Airtel on Tuesday introduced OTT Entertainment packs for prepaid users.

Source: Exchange Filing

Stock Market Live: Varun Beverages Completes Acquisition In Everest Industrial Lanka 

Varun Beverages has successfully completed the acquisition of a 50% stake in Everest Industrial Lanka.

Stock Market Today: Godawari Power Gets Approval To Resume Work At Boria Tibu Mines 

Godawari Power & Ispat Ltd. received government approval to resume operations at Boria Tibu Mines for next five years, the exchange filing said.

Stock Market Live: Dr. Agarwal's To Open First Facility In New Delhi

Dr. Agarwal's Healthcare will open first eye care facility in New Delhi, the company said in the exchange filing.

Stock Market Today: Dynamic Cables To Consider Bonus Share Issues

Dynamics Cables Ltd.'s board will consider bonus share issuance On May 30.

Stock Market Live: Nifty, Sensex Pare Losses From Day's Low 

Earlier in the day, the Nifty 50 and Sensex fell 1.05% and 1.11% respectively as heavyweight stocks weighed on the indices. As of 11:16 a.m., the Nifty 50 and Sensex were trading 0.30% and 0.32% down, respectively.

Stock Market Live Update: Fusion CX Files DRHP 

  • The IPO to include issue of shares worth up to Rs 600 crore

  • The IPO to also include offer for sale worth up to Rs 400 crore

Stock Market Live Update: RailTel Corp Gets Order Worth Rs 25 Crore 

RailTel Corp received work order worth Rs 25 crore to provide Technical Services to police department, the company said in an exchange filing.

Stock Market Live Update: FirstCry Extends Losses As BIS Searches & Seizes Bengaluru Warehouse 

Brainbees Solutions Ltd. share price extended losses in Tuesday's session after the company said that the Bureau of Indian Standard has launched investigation at its warehouse in Bengaluru on Monday which was concluded 9 p.m. the same day.

BIS has seized certain goods worth Rs 90 lakh from the warehouse of FirstCry, the exchange filing said.

The company has coordinated with the officials of BIS. This did not impacted operations of Braimbees Solutions.

Stock Market Today: Coal India Arm CMPDI Files DRHP For IPO

  • Coal India arm Central Mine Planning & Design Institute Files DRHP For IPO

  • IDBI Capital & SBI Capital are bankers for the issue

  • Coal India will sell 7.1 crore shares via offer for sale in arm CMPDI

Source: DRHP

Stock Market Today: PG Electroplast Share Price Slips As Promoter Plans Rs 1,177-Crore Stake Sale

Share price of multibagger PG Electroplast Ltd. dipped over 2% in trade on Tuesday morning, as the company's promoter, the Gupta family, is set to offload shares worth Rs 1,177 crore via open market transactions.

Stock Market Live Update: Aurobindo Pharma Share Price Rises After Q4 Revenue Growth

Aurobindo Pharma's share price rose over 2% on Monday following the announcement of its Q4 FY25 results. The pharmaceutical giant reported a consolidated revenue increase of 10.6% year-on-year, reaching Rs 8,382 crore, surpassing Bloomberg's estimate of Rs 8,197 crore.

Also Read: Aurobindo Pharma Share Price Rises After Q4 Revenue Growth

Stock Market Live Update: CLSA On Max Financial

Max Financial Services upgraded to High Conviction Outperform from Outperform and hiked target price to Rs 1,800 from Rs 1,420

Top pick in life insurance

  • Axis Max Life has been India’s fastest growing life insurer

  • Expect the agency channel to start significantly contributing

  • Remove the holdco discount and lift appraisal value

Stock Market Today: Nifty Defence Emerges As Top Performer As HAL Leads 

The NSE Nifty Defence index beat all other sectoral indices in terms of gains in Tuesday's session as Hindustan Aeronautics Ltd. led gains. The index rose 1.97% to Rs 8,722.55.

Hindustan Aeronautics Ltd. rose as much as 2.13% to Rs 5,110 apiece so far today.

Stock Market Live: KEC International Share Price Jumps After Q4 Revenue, Profit Rise

KEC International's share price jumped 6.21% on Tuesday following the announcement of its fourth quarter results. The company reported a consolidated revenue increase of 11.5% year-on-year, reaching Rs 6,872 crore compared to Rs 6,165 crore. The scrip rose as much as 7.57% to Rs 926.65 apiece.

Stock Market Live: Borana Weaves Shares Surge 18% Over Issue Price Post Listing

Shares of Borana Weaves Ltd. debuted on the National Stock Exchange at Rs 243 apiece, at a premium of 12.50% over the issue price of Rs 216. The stock listed on the BSE at a similar premium, also at Rs 243 per share.

Also Read: Borana Weaves Shares Surge 18% Over Issue Price Post Listing

Stock Market Live: Olectra Greentech Sinks Over 13% As It Loses Order From Maharashtra Government

Olectra Greentech share price slumped 13.77% to Rs 1,160 apiece, the lowest level since May 12. The company lost an order of 5,150 buses from Maharashtra State Road Corp.

To add to woes of Olectra Greentech, through a post in X, Maharashtra Transport Minister Pratap Baburao Sarnaik said there's uncertainty about supply of orders from this company in the future.

Olectra Greentech Q4 FY25 Highlights (Consolidated, YoY)

  • Revenue up 55.4% to Rs 449 crore versus Rs 289 crore.

  • Ebitda up 64% to Rs 56.5 crore versus Rs 34.5 crore.

  • Margin at 12.6% versus 12%.

  • Net Profit up 53.2% to Rs 21 crore versus Rs 13.7 crore.

Sectoral Performance At Open: Nifty IT Declines Most 

On NSE, 11 sectoral indices declined, two advanced, and two remained flat out of 12. The NSE Nifty Defence rose the most, and the NSE Nifty IT declined the most.

Nifty Contributors: HDFC Bank, RIL & Infosys Weigh Most 

HDFC Bank Ltd., Reliance Industries Ltd., Infosys Ltd., Mahindra & Mahindra Ltd., and ITC Ltd. weighed on the Nifty 50 index.

Bharat Electronics Ltd., State Bank of India, IndusInd Bank, Hindalco Industries Ltd., and Dr. Reddy's Laboratories Ltd. limited losses in the index.

Stock Market Live: IndiGo Share Price Decline Following Block Trade

InterGlobe Aviation Ltd. share price declined 3.50% to Rs 5,230.50 apiece, the lowest level since May 9. The share price declined following large trade at open.

InterGlobe Aviation's 2.23 crore shares changed hands at the price range of Rs 5,260.5–5,270 apiece at open. At pre-open, 2.19 lakh shares changed hands at Rs 5,424 apiece.

IndiGo's co-founder Rakesh Gangwal and a promoter entity are offloading 3.4% stake in the company for nearly Rs 6,833 crore via open market transactions.

Also Read: IndiGo Shares Fall Nearly 4% After Two Major Large Trades

Stock Market Live Update: Nifty, Sensex Open Lower As Heavyweights Drag

The NSE Nifty 50 and BSE Sensex opened lower on Tuesday as heavyweight stocks dragged. HDFC Bank Ltd. and Reliance Industries Ltd. were top detractors in the Nifty 50 index.

The Nifty 50 was trading 230.15 points or 0.92% down at 24,771.00, and the Sensex fell 741.70 points or 0.90% down at 81,434.76.

Stock Market Today: Nifty, Sensex Fall At Pre-Open

At pre-open, the NSE Nifty 50 was trading 0.19% or 48.20 points down at 24,952.95, and the BSE Sensex was trading 0.17% or 139.20 points down at 82,037.25.

Yield On The 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat 6.25%

Source: Bloomberg

Rupee Opens Weaker Against US Dollar

  • Rupee opened 5 paise weaker at 85.14 against US Dollar

  • It closed at 85.1 a dollar on Monday.

Source: Bloomberg

Oil Prices Continue To Decline 

Oil future prices continued declined in Asia session as traders assess trade-related situation. They also await OPEC and allies' meeting. Brent crude was trading 0.25% down at $63.96 a barrel as of 9:01 a.m.

Brainbees Solutions Q4 Review: India Gross Merchandise Value Rises

Brainbees Solutions Ltd. released its fourth quarter results, showing a mixed performance with notable increases in revenue, but significant decline in profitability. "The top line missed our estimates across businesses, except for Brainbees," Morgan Stanley stated.

Read the full article here.

Stock Market Today: Trident Techlabs Gets Order Worth Rs 71.7 Crore 

Trident Techlabs Ltd. received an order worth Rs 71.7 crore from Defence Ministry, the company said in the exchange filing.

Stock Market Live: Jefferies On Chemical

  • Q4 Review: Navin Fluorine better placed amidst flat demand outlook

  • Innovators are guiding for flat rev y/y in CY25 with pricing pressure in LatAm

  • Chinese agchem exports are elevated; Crop prices are mixed

  • Refgas markets are flat y/y in Q4FY25

  • PI is facing demand peak out in key product and slower than expected pick up in Pharma

  • Navin's long-term contract startups provide strong earnings growth visibility

  • SRF's valuation is extended with limited visibility on earnings growth

  • Prefer PI Industries and Navin Fluorine

Asia Market Update: Markets In Japan, South Kore Fall 

Markets in Japan and South Korea were trading lower on Tuesday morning as traders braced themselves for any development on the trade front. Investors also assess China's industrial profit growth data for April.

The Nikkei 225 and KOSPI were trading 0.18% and 0.44% down, respectively as of 7:35 a.m. Meanwhile, the S&P ASX 200 rose 0.12% higher.

Also Read: US Stocks Jump On Consumer Confidence, Trade Talks: Markets Wrap

GIFT Implies Muted Start; Aurbindo Pharma, KEC International, PTC India Shares In Focus

The GIFT Nifty was trading flat at 25,035.00 as of 6:54 a.m., which implied a muted start for the Nifty 50 index.

Aurobindo Pharma Ltd., Akums Drug, Shilpa Medicare Ltd., Brainbees Solutions Ltd., KEC International Ltd., PTC India Ltd., share prices will be in focus because of fourth-quarter earnings.

The benchmark equity indices closed higher on Monday as it continued to rally for second session, amid volatility in domestic markets.

The NSE Nifty 50 closed 148 points, or 0.60% higher at 25,001 and the BSE Sensex ended 455.37 points, or 0.56% up at 82,176.

Also Read: Stock Market Highlights: Nifty Reclaims 25,000 Mark, Sensex Ends Over 450 Points Higher

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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