KEY HIGHLIGHTS
Nifty Weekly Close: Nifty Jumps Over 4%
The NSE Nifty 50 ended 4.21% in the week ended on May 16
The BSE Sensex ended 3.62% higher.
Market At Close: Nifty, Sensex Snap Two-Day Winning Streak
The NSE Nifty 50 and BSE Sensex snapped a two-day winning streak.
The Nifty 50 and Sensex ended 0.17% and 0.24% down, respectively.
Bharti Airtel Ltd. and Infosys Ltd. are the top detractors
Bharat Electronics Ltd. and ITC are the top contributors
The NSE Nifty Midcap 150 ended 0.86% higher at 20,960.15
The NSE Smallcap 250 ended 1.53% higher at 16,405.70
Rupee Closes Stronger Against US Dollar
Rupee closed 3 paise stronger at 85.52 against US Dollar
It closed at 85.55 a dollar on Thursday
Source: Bloomberg
Stock Market Live Update: Borosil Renewables To Setup Two Furnaces Of 300 TPD
Borosil Renewables Ltd. approved revised expansion plan of 600 tonnes per day. The company will set up two furnaces of 300 tonnes per day each at an estimated cost of Rs 950 crore approximately, according to an exchange filing.
Nifty May Pause Before Scaling New Highs, Says Manishi Raychaudhuri
While CLSA believes the Nifty could touch new highs in the near term, Manishi Raychaudhuri, the chief executive officer or CEO of Emmer Capital Partners, strikes a more measured tone. Speaking to NDTV Profit, Raychaudhuri said that although India's long-term outlook remains strong, the index may not outperform in the immediate future due to elevated valuations and muted earnings estimates.
Read the full article here.
Dealers Spot Action In GE Shipping, LIC Housing, Premier Energies And PSU Stocks
NDTV Profit India has been tracking the action in the top dealing rooms of India’s financial capital, and this edition of ‘Heard On The Street’ provides you with buzzing action on stocks like GE Shipping, LIC Housing, Apar Industries, Premier Energies and PSU Stocks.
Read the full article here.
Waree Renewable Gets Order Worth Rs 114 Crore
Waaree Renewable Technologies got order worth Rs 114 crore for solar Power Project, the company said in an exchange filing.
Stock Market Live: Mahindra & Mahindra Gets Anand Rathi's 'Buy' Initiation
Anand Rathi Global Finance rates Mahindra & Mahindra Ltd. 'Buy'
The target price for the stock is Rs 3,600
Mahindra & Mahindra Ltd.'s revenue may grow 18% CAGR over FY25-27.
The brokerage has a positive view on the company due to its domestic market share gains across passenger vehicles, commercial vehicles and tractors.
The brokerage expects volumes to grow at a 9% CAGR over FY25-27
Q4 Earnings Today: Hyundai Motor, BHEL, Delhivery Q4 Results Today
Hyundai Motor India Ltd., Bharat Heavy Electricals Ltd. and Delhivery Ltd. are among the companies that are set to announce their fourth-quarter results on Friday.
Track Q4 live earning updates here.
Stock Market Live: LTIMindtree In Pact With Eurobank & Fairfax Digital Services
LTIMindtree is in pact with Eurobank & Fairfax Digital Services to build digital innovation hub in Cyprus, the company said in an exchange filing.
Bajaj Auto Unit Gives Rs 480 Crore To KTM For The Fourth Time This Year
A unit of Bajaj Auto Ltd. has infused 50 million euros (about Rs 480 crore) into KTM AG for the fourth time since February, even as the Austrian bike bikemaker looks to stave off bankruptcy.
Read the full article here.
'India Has Been Best-Performing Dollar Return Market Over Past 5-20 Year Period': Emkay Global’s Nirav Sheth
With the recent geopolitical and trade tensions easing, Indian markets are set for long-term growth, said Nirav Sheth, chief executive officer of institutional equities at Emkay Global, on Thursday.
“The decks are stacked up for India. We had a bit of a wobbly situation...because wars are very difficult to pull back from. But we’re back on track. I feel very bullish. The biggest advantage India has right now is the big dollar reset happening globally. It’s very rare to see the United States equity markets rally, bonds go up and the dollar depreciate 10% from the top…all at the same time,” he told NDTV Profit in an interview.
Stock Market Today: Crompton Greaves Share Price Rises
Share price of Crompton Greaves Consumer Electricals Ltd. surged in Friday's trading session, after the company reported robust financials for the final quarter of fiscal 2025.
Stock Market Live Update: Medi Assist Healthcare Falls Over 7% As Q4 Net Profit Decline
Medi Assist Healthcare Services Ltd. share price declined 7.18% to Rs 457.15 apiece, the lowest level since May 13. It was trading 4.97% down at Rs 468 apiece as of 12:04 p.m., as compared to 0.29% decline in the NSE Nifty 50 index.
Stock Market Live: Bharti Airtel Share Price Drops As Singtel Exe
Bharti Airtel Ltd. witnessed a 3.06% decline in its share price on Friday on reports of a block deal that saw over 1% stake being sold. The scrip fell as much as 3.06% to Rs 1,810 apiece.
South Indian Bank Share Price Advances
South Indian Bank's share price rose more than 1% to reach an 11-month high on Friday, after the company reported a 57.6% rise in profit. The shares of the bank rose to hit nine-month high on Thursday.
Cochin Shipyard Share Price At Nine-Month High
Share price of Cochin Shipyard Ltd. shot upwards in Friday's trading session, up as high as 13%, leading the defence stocks rally after the company posted its financial performance for the final quarter of fiscal 2025, amid a Jefferies note indicating bullish sentiment on the sector.
Stock Market Live Update: Tega Industries Share Price Falls Despite Positive Q4 Results
Tega Industries Ltd. share price declined 4.74% to Rs 1,437.50 apiece. The stock snapped a four-day winning streak in Friday's session.
Tega Industries Q4 Highlights (Consolidated, YoY)
Revenue up 5.7% to Rs 536 crore versus Rs 507 crore.
Ebitda up 7.9% to Rs 150 crore versus Rs 139 crore.
Margin at 28% versus 27.4%.
Net profit up 14.6% to Rs 102 crore versus Rs 89 crore.
Stock Market Live Update: RVNL Share Price Jumps To Over Three Month High
Rail Vikas Nigam Ltd's share price rose to over a three-month high in Friday's session as the company secured an order worth Rs 115.79 crore. The order is from Central Railway, the company said in an exchange filing on Thursday.
IndusInd Bank Q4 Results Likely To Reflect Rs 3,000 Crore Accounting Hit, Say Analysts
IndusInd Bank’s fourth quarter results are expected to reflect a cumulative accounting impact of up to Rs 3,000 crore, according to analysts. The private lender disclosed a fresh discrepancy in interest income on Thursday, adding to earlier flagged irregularities in its derivatives book.
Read the full article here.
Stock Market Live Update: Godrej Industries Share Price Gains After Company Swings To Profit In Q4
Godrej Industries Ltd. saw its share price rise by 3.13% following the announcement of its fourth-quarter results. The scrip rose as much as 3.13% to Rs 1,162 apiece.
Godrej Industries, JSW Energy, Crompton Greaves Advance; Allied Blenders Falls Over 3%
Godrej Industries Ltd., Allied Blenders and Distilleries Ltd. and JSW Energy Ltd. were in focus on Friday, after they announced their fourth quarter results.
Read the full article here.
Experts' View: For Nifty 50 24,930 Crucial Support Level
"On the technical front, a robust bullish candle was formed, marking a decisive breach of the immediate resistance of 24,930, which now acts as a crucial support level. The next resistance is anticipated around 25,200."Aditya Gaggar, Director of Progressive Shares
Stock Market Today: Abbott India Share Price Rises To Over Two Month High
Abbott India Ltd. share price rose 3.86% to Rs 31,500 apiece, the highest level since March 7. It was trading 1.82% higher at Rs 496.00 apiece as of 10:09 a.m., as compared to 0.22% decline in the NSE Nifty 50 index.
Abbott India Q4 Highlights (YoY)
Revenue up 11.5% to Rs 1,605 crore versus Rs 1,439 crore.
Ebitda up 29.8% to Rs 428.5 crore versus Rs 330 crore.
Margin at 26.7% versus 22.9%.
Net profit up 27.9% to Rs 367 crore versus Rs 287 crore.
Stock Market Live: JSW Energy Share Price Rises As Q4 Net Profit Increases
JSW Energy share price rose 1.97% to Rs 497.00 apiece. The company reported that its net profit rose 16% on the year to Rs 408 crore from Rs 351 crore in the corresponding period of previous financial year.
IndusInd Bank Shares Slump After New Discrepancy Disclosed
The share price for IndusInd Bank declined over 3% on Friday, after the private lender said it has identified two more accounting issues in internal audits.
The scrip fell as much as 3.91% to Rs 750 apiece, the lowest level since April 16, 2025.
Stock Market Today: PB Fintech Share Price Off Highs
PB Fintech Ltd. share price rose 4.33% to Rs 1,853 apiece shortly after open as the company reported that its consolidated net profit more than doubled quarter-on-quarter basis. However, management said that they do not feel 'happy' about the growth in new insurance core premium.
Sectoral Performance At Open: Nifty IT Falls The Most
On NSE, nine sectoral indices were trading lower, four advanced, and two remained flat out of 15. The NSE Nifty IT declined the most, and the NSE Nifty Defence rose the most.
Nifty Detractors: Bharti Airtel, Infosys, & SBI Weigh Most
Bharti Airtel Ltd., Infosys Ltd., State Bank of India, Reliance Industries Ltd., and Mahindra & Mahindra Ltd. weighed on the Nifty 50 index.
HDFC Bank Ltd., Eicher Motors Ltd., Bajaj Finance Ltd., UltraTech Cement Ltd., and Bharat Electronics Ltd. added to the Nifty 50 index.
Stock Market Today: Nifty, Sensex Fall At Open As Airtel, Infosys Share Prices Drag
The NSE Nifty 50 and BSE Sensex opened lower Friday as a decline in Bharti Airtel Ltd. and Infosys Ltd. share prices weighed. The Nifty 50 was trading 59.70 points or 0.24% down at 25,002.40, and the Sensex was trading 218.70 points or 0.26% down at 82,312.05.
Stock Market Today: Nifty, Sensex Flat At Pre-Open
At pre-open, the NSE Nifty 50 was trading 0.01% higher at 25,064.65, and the BSE Sensex was trading 0.16% down at 82,397.43.
Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.26%
Source: Bloomberg
Rupee Opens Stronger Against US Dollar
Rupee opened 28 paise stronger at 85.27 against US Dollar
It closed at 85.55 a dollar on Thursday
Source: Bloomberg
HAL, Data Patterns, BEL Are Jefferies' Top Defence Picks Amid Indigenisation Focus
Defence stocks are having their moment in the limelight, with most seeing a rally in the aftermath of the India-Pakistan ceasefire understanding, following Operation Sindoor. The Nifty India Defence index has seen a rise of nearly 16% since April 22.
Read the full article here.
Stock Market Live: IndusInd Bank Share Price In Focus
IndusInd Bank Ltd. share price will be in focus in Friday's session as the private lender reported Thursday a new discrepancy. The discrepancy showed that Rs 674 crore was "incorrectly recorded as interest" over three quarters of fiscal 2025.
The share price settled 0.11% down at Rs 780.50 apiece on Thursday.
Oil Prices Rebound As Traders Clarity Over US-Iran Deal
Oil future prices rebounded in Asia session from two-day slump as traders got clarity over a potential US and Iran deal on the latter's nuclear program. The deal will result in new supplies in the market, which will likely exacerbate the global glut, as reported by Bloomberg.
However, oil prices is likely headed for loss in near-term in case supply rises more than demand.
The brent July future was trading 0.25% higher at $64.69 a barrel as of 8:12 a.m.
Asia Market Update: Most Share Indices Fall
Markets in China, Japan, Hong Kong, and South Korea were trading in losses as a rally spurred by positive development in trade talks fizzled out in global equities.
US announced a trade deal with UK two weeks back. Early this week, US and China decided to bring down tariffs imposed on each other.
The Nikkei 225 and CSI 300 were trading 0.54% and 0.74% down, respectively as of 7:46 a.m. The S&P ASX 200 was 0.66% higher.
US Market Update: Most Share Indices Rise At Wall Street
Most share indices ended higher on Wall Street as US secured deals with gulf states, and soft economic data indicated faster loosening of monetary condition in the US. US Treasury yield softened which also supported equities.
On Thursday, Dow Jones Industrial Average rose 0.65% at 42,322.75. S&P 500 rose 0.41% at 5,916.93. Nasdaq Composite fell 0.18% at 19,112.32.
GIFT Nifty Implies Negative Open; JSW Energy, LT Foods, Godrej Industries Shares In Focus
The GIFT Nifty was trading 0.14% or 36.50 points down at 25,173.50 as of 6:57 a.m., which implied a lower start for the Nifty 50 index.
Abbott India Ltd., JSW Energy Ltd., LT Foods Ltd., Godrej Industries Ltd., JSW Energy Ltd., and Godfrey Phillips Ltd. shares will be in focus because of the fourth quarter results.
The benchmark equity indices closed higher for the second straight day on Thursday as share prices of Reliance Industries Ltd., HDFC Bank Ltd. and ICICI Bank Ltd. led the gains.
The NSE Nifty 50 ended 395.2 points, or 1.6%, higher at 25,062.1, and the BSE Sensex closed 1,200.18 points, or 1.48%, up at 82,530.74.
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