Stock Market Today: Nifty, Sensex Rebound As Bulls Fight Back; FMCG, Consumption Sectors Rally

On weekly basis, the NSE Nifty 50 and BSE Sensex erased gains from the previous week.

(Photo: Freepik) 

Investors shift their focus to earnings scheduled to be released in Friday's session. BEML Ltd., Ashok Leyland Ltd., Ramco Industries Ltd. released their fourth quarter numbers.
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Nifty, Sensex Erase All Weekly Gains 

The NSE Nifty 50 and BSE Sensex declined 0.67% and 0.74% down, respectively in the week ended on May 23.

Stock Market Close Today: Nifty, Sensex Rebound As Bulls Fight Back; FMCG, Consumption Sectors Rally

  • Nifty and Sensex end 1% higher for the day,

  • Eternal and HDFC Life Insurance are the top gainers in Nifty.

  • Nifty Midcap 150 end 0.5% higher for the day, Led by BSE and Max Financial Services.

  • Nifty smallcap 250 jumps 0.5% for the day, led by Honasa Consumer and IFCI.

  • Nifty FMCG emerged as top sectoral gainer for the day, Led by Varun Beverages and ITC.

  • All sectoral Indices ended Higher except Nifty Pharma.

  • Nifty Media ended higher for the third day in a row.

  • Nifty Pharma falls for the second day in a row.

Stock Market Live: Ashok Leyland Share Price Swings Post Q4 Earnings 

Ashok Leyland Q4 Highlights (Standalone, YoY)

  • Revenue up 5.7% to Rs 11,906.71 crore versus Rs 11,266.69 crore.

  • Net Profit up 38% to Rs 1,245.87 crore versus Rs 900.41 crore.

  • Ebitda up 12% to Rs 1,790.96 crore versus Rs 1,592.11 crore.

  • Margin at 15.0% versus 14.1%.

  • Approves issue of bonus shares in the ratio of 1:1.

Stock Market Today: Apollo Micro Systems Share Price Falls Nearly 10%

Apollo Micro Systems Q4 Highlights (Consolidated, YoY)

  • Net Profit rises 8.2% to Rs 14 crore versus Rs 13 crore.

  • Revenue rises 19.4% to Rs 162 crore versus Rs 135 crore.

  • Ebitda rises 25.2% to Rs 36 crore versus Rs 28.7 crore.

  • Margin at 22.2% versus 21.2%.

Stock Market Today: Ramco Industries Share Price Falls Over 3% As Q4 Net Profit Slips 

Ramco lndustries Q4 Highlights (Consolidated, YoY)

  • Revenue up 14.7% to Rs 418.66 crore versus Rs 364.91 crore.

  • Net Profit down 18% to Rs 35.71 crore versus Rs 43.81 crore.

  • Ebitda up 10% to Rs 43.83 crore versus Rs 39.83 crore.

  • Margin at 10.5% versus 10.9%.

Track live updates on Q4 earnings here.

Stock Market Live: West Coast Paper Share Price Falls After Q4 Net Profit Decreases 

West Coast Paper Q4 Highlights (Consolidated, YoY)

  • Net Profit falls 63.3% to Rs 44 crore versus Rs 120 crore.

  • Revenue falls 2.7% to Rs 1,041 crore versus Rs 1,070 crore.

  • Ebitda falls 52.4% to Rs 80.7 crore versus Rs 170 crore.

  • Margin at 7.7% versus 15.8%.

  • To pay dividend of Rs 5 per share.

AIA Engineering Share Price Rises To Near Two-Month High As Q4 Net Profit Increases 

AIA Engineering Q4 Highlights (Consolidated, YoY)

  • Revenue up 0.6% to Rs 1,157.04 crore versus Rs 1,150.22 crore.

  • Net Profit up 10% to Rs 285.22 crore versus Rs 259.21 crore.

  • Ebitda up 1% to Rs 301.62 crore versus Rs 297.42 crore.

  • Margin at 26.1% versus 25.9%.

  • To pay dividend of Rs 16 per share.

Stock Market Live: JTEKT Share Price Falls Over 3% As Net Profit Decline 

JTEKT Q4 Highlights (YoY)

  • Net Profit falls 28% to Rs 24.6 crore versus Rs 34.3 crore.

  • Margin at 8.7% versus 11%.

  • Ebitda falls 18.8% to Rs 56.6 crore versus Rs 69.7 crore.

  • Revenue rose 2.7% to Rs 649 crore versus Rs 632 crore.

Stock Market Live Update: US Finalises Duty On Iron Grinding Media, AIA Engineering 

US announces 3.16% Countervailing Duty & 6.7% Anti-Dumping Duty on certain iron grinding media, said AIA Engineering said in an exchange filing.

Stock Market Live Update: BEML Share Price Rises After Q4 Net Profit Increases 

BEML Q4 Highlights (Consolidated, YoY)

  • Revenue up 9.2% to Rs 1,652.53 crore versus Rs 1,513.65 crore.

  • Net Profit up 12% to Rs 287.55 crore versus Rs 256.80 crore.

  • Ebitda up 14% to Rs 422.51 crore versus Rs 370.39 crore.

  • Margin at 25.6% versus 24.5%.

Track live updates on Q4 earnings here.

Stock Market Live Update: India To Open Public Procurement Market To US firms | Exclusive

India could open up public procurement market to US firms on reciprocal basis.

  • India could offer opening up public procurement to private US bidders as part of trade talks

  • Market will be opened up in phased, reciprocal manner – meaning Indian firms could also get access to US public procurement market

  • India has already opened up domestic govt procurement to UK firms as part of FTA

  • Only central projects will be opened up for bidding; states, municipalities excluded

  • Central public procurement stands at around $50 billion

Alert: Public procurement is the bidding/tendering process by which government bodies acquire goods and services from private vendors.

Source: People familiar with the matter

Stock Market Live Update: Kernex Microsystems Appoints MD

The company has appointed Sreelakshmi Manthena as Managing Director for three years.

Source: Exchange Filing

Stock Market Live Update: Air India Plans Promotional Sale

Air India is planning a network-wide promotional sale till May 25.

Source: Bloomberg

Ramco Cements Share Price Update: Large Trade In Stock

Over 2.2 million shares of Ramco Cements were traded via a block deal on Friday. The share price of Ramco Cements was trading 1.74% up at Rs 1,004.95 apiece.

Stock Market Live Update: IndiGo Share Price Erases Losses 

InterGlobe Aviation Ltd. share price fell 1.23% to Rs 5,435.50 apiece. However, the share price recovered losses to trade 0.28% higher at Rs 5,518.50 as of 12:30 p.m.

DGCA Issues Statement On IndiGo's Delhi-Srinagar flight Turbulence Incident

  • IndiGo submits incident report to the regulator

  • DGCA probing the incident

  • Indigo encountered severe weather near Pathankot

  • Crew attempted route deviations to avoid storm, but were denied by authorities

  • Aircraft experienced system warnings and turbulence, autopilot disengaged

  • There was no injury to any of the passenger on-board the flight

  • Post-flight check reveals damage to aircraft nose radome; investigation ongoing

JSW Steel, Ashok Leyland, Glenmark Pharma, Devyani Q4 Results Today

JSW Steel Ltd., Ashok Leyland Ltd., Glenmark Pharmaceuticals Ltd., and Aditya Birla Fashion and Retail Ltd. are among the companies that are set to announce their fourth-quarter results on Friday.

Here's a look at the consensus analysts' estimates that are compiled by Bloomberg.

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Stock Market Live Update: Bondada Engineering Share Price Hits 10% Upper Circuit As It Gets Order From Andhra Pradesh Government

Bondada Engineering has secured a significant order from the Andhra Pradesh government for a solar power project. The order includes the installation of 2000 MW AC and 2600 MWp DC solar power capacity. 

Stock Market Live: Nifty Pharma Top Loser As Sun Pharma Drags

The NSE Nifty Pharma declined 1.62% to become the top loser sector in Friday's session as Sun Pharmaceutical Industries Ltd. dragged.

Adani Group To Invest Rs 50,000 Crore In Assam; Most Group Shares Rise  

Adani Group will invest additional Rs 50,000 crore in Assam over next 10 years, said Chairman Gautam Adani at Rising Northeast Investors' summit on Friday. The group has already invested Rs 50,000 crore in the northeastern state.

Shares of most Adani group companies were trading higher in Friday's session.

Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.

Stock Market Live: Honasa Consumer Share Price Jumps Over 17% As Profit Beats Estimates 

Honasa Consumer Q4 FY25 Results Highlights (Consolidated, YoY)

  • Revenue up 13.3% to Rs 533.5 crore versus Rs 471 crore (Bloomberg estimate: Rs 512 crore)

  • Ebitda down 17.6% to Rs 27.1 crore versus Rs 32.9 crore (Bloomberg estimate: Rs 17.6 crore)

  • Margin at 5.1% versus 7% (Bloomberg estimate: 3.4%)

  • Net Profit down 17.8% to Rs 25 crore versus Rs 30.4 crore (Bloomberg estimate: Rs 16 crore)

  • EBITDA down due to 20% uptick in other Expenses.

Stock Market Today: Indoco Remedies Get US FD's Nod For Allopurinol Tablets

Indoco Remedies has received final approval from the US FDA for its Allopurinol Tablets. Allopurinol is commonly used to reduce uric acid levels in the blood, which can help manage conditions like gout.

Stock Market Live Update: Waaree Energies Shares Hit Nearly One-Month High

Shares of Waaree Energies Ltd. hit nearly one-month high on Tuesday after the board of directors approved the acquisition of Kamath Transformers Pvt.

Also Read: Waaree Energies Shares Hit Nearly One-Month High After Board Approves Rs 293-Crore Acquisition

Stock Market Live Update: Veedol Corp's OFS Withdrawn

Veedol Corp's proposed shares offer for sale has been withdrawn by Andrew Yule and Co. due to technical glitch in share transfer, the company said in an exchange filing.

Stock Market Live Update: India VIX Sinks Over 10%

The NSE Nifty India Volatility Index slumped 10.27% to 15.48 in Friday's session. The index recovered to trade 0.36% higher at 17.31 as of 11:09 a.m.

The India volatility index gauges investors' volatility expectations in the near term.

Stock Market Live: Nifty IT Top Gainer

The NSE Nifty IT rose 2.10% to 37,826.4 as Infosys Ltd. led. investors start to gain clarity over US debt situation after tax-cut bill gets nod from the US House of Representative.

Moreover, Bernstein said that IT sector' earnings growth and guidance improvement is on the card in the current financial year. It chose Infosys Ltd. as its top pick.

Stock Market Live: Jindal Poly Films Share Price Falls Over 11%

The shares of Jindal Polyfilms Ltd. fell over 11% in four sessions as the fire continues to smoulder at a plant operated by Jindal Poly Films Ltd.'s subsidiary in Maharashtra's Nashik after 54 hours impacting approximately 90% of its production.

Also Read: Jindal Polyfilms Fire Continues To Smoulder For Fourth Day, 90% Production Hit

Stock Market Today: Container Corp Share Price Declines 

Container Corp fell 4.03% to Rs 708.20 apiece so far in Friday's session. The share price declined as profit margin narrowed to 19% in the fourth quarter compared to 21.1% in the corresponding period of financial year 2024.

Nifty 200 Stocks Trading At 52-Week High 

APL Apollo Tubes, Bharat Heavy Electricals Ltd., Max Financial Services shares hit record high in Friday's session. HDFC Life Insurance Co hit the highest level seen in 2021.

Stock Market Live: Max Financial Services Share Price Hits Record High 

Max Financial Services share price rose 2.28% to a record high of Rs 1,446.20 apiece.

Defence Stocks Lose Early Momentum — Bharat Dynamics, Ideaforge, Data Patterns Drag Index

Defence stocks pared gains from market open in just a couple minutes on Friday, essentially snapping a three-day winning streak. Shares of Bharat Dynamics Ltd., Ideaforge Technologies Ltd. and Data Patterns (India) Ltd. led the drag.

The NSE Nifty India Defence was also down 0.25% as of 10:00 a.m., making it one of the only two sectors to be trending downwards on Friday.

Stock Market Today: Sun Pharma Share Price Falls Over 4%

Sun Pharma Q4 FY25 (Consolidated, YoY)

  • Revenue up 8% at Rs 12,959 crore versus Rs 11,983 crore (Bloomberg estimate: Rs 13,254 crore)

  • Ebitda up 22.4% at Rs 3,716 crore versus Rs 3,035 crore (Bloomberg estimate: Rs 3,650 crore)

  • Margin at 28.7% versus 25.3% (Bloomberg estimate: 27.5%)

  • Net profit down 19% at Rs 2,154 crore versus Rs 2,659 crore (Bloomberg estimate: Rs 2,794 crore)

  • Exceptional Loss of 362 crore vs 102 crore (YoY)

Stock Market Live: ITC Share Price Rises As Topline Beats Estimates 

ITC share price rose 1.85% to Rs 434.00 apiece. Its topline rose 9.4% to Rs 17,248.15 crore versus Rs 16,980 crore estimated by analysts.

Stock Market Live: Sun Pharma Share Price Falls Nearly 5%

Sun Pharmaceutical Industries Ltd.'s share price declined nearly 5% following the announcement of its fourth-quarter FY25 results. The pharmaceutical giant reported notable growth in revenue and Ebitda, although net profit saw a decline.

Also Read: Sun Pharma Share Price Falls Nearly 5% After Q4 Profit Misses Estimates

Sectoral Performance At Open: Nifty Defence Lead Gains 

On NSE, five sectoral indices declined, seven advanced, and three remained flat out of 15. The NSE Nifty Defence rose the most, and the NSE Nifty Pharma declined the most.

Nifty Contributors: ITC, Infosys Support 

ITC Ltd., Infosys Ltd., Grasim Industries Ltd., Reliance Industries Ltd., and Trent Ltd. added to the Nifty 50 index.

Sun Pharmaceutical Industries Ltd., ICICI Bank Ltd., HDFC Bank Ltd., Mahindra & Mahindra Ltd., and Bharti Airtel weighed on the Nifty 50 index.

Stock Market Live Update: Nifty, Sensex Open Slightly Higher

The NSE Nifty 50 and BSE Sensex started the day with slight gains as Infosys Ltd. and ITC Ltd. share prices lead. The Nifty 50 was trading 0.03% higher at 24,617.45, and the Sensex was trading 0.04% down at 80,919.09.

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

At pre-open, the NSE Nifty 50 was 0.12% higher at 24,639.50 and BSE Sensex was 0.07% down at 80,896.51.

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 4 paise stronger at 85.97 against US Dollar

  • It closed at 86.01 a dollar on Thursday.

Source: Bloomberg

Stock Market Live: UBS Global Research On BEL 

  • Upgrade to Buy from Neutral; Hike TP to Rs 450 from Rs 320

  • Improving competitive edge and growth

  • Significant growth opportunities

  • Believe the long-term pipeline with a faster translation to revenue is underappreciated by the market

  • Prefer BEL over HAL based on better expected earnings growth and a sharper ramp of the order book over the next three years

Stock Market Live: Macquarie On TCS

  • Maintain Outperform; Cut TP to Rs 4,640 from Rs 4,770

  • Margin improvement back to 26% likely by Q4FY26

  • Reiterate that TCS has good margin upside from utilisation

  • TCS to be more competitive in deals as margin pressure eases

  • Downside protection from FY26E dividend yield of ~4.1%

  • TCS remains a Macquarie Marquee buy idea

Asia Market Update: Share Indices Rise 

Asia-Pacific markets were trading higher early morning Friday as investors inflation data from Japan, and producer price data from the South Korea. The Nikkei 225 and KOSPI were trading 0.75% and 0.02% higher as of 7:47 a.m.

Also Read: US Stocks Fall As Trade Jitters Spur Flight To Bonds; S&P 500 Falls 1.1%: Markets Wrap

US Market Update: End Mixed As Trump's Tax-Cut Bill Gets Nod From House of Representative 

US share indices ended on a mixed note Thursday as investors try to guess the impact of the tax-cut bill on high debt levels which got a nod from the US House of Representatives. The yield on the 30-year US treasury note fell from levels last seen in 2007, as reported by Bloomberg.

On Thursday, Dow Jones Industrial Average flat at 41,859.09, and S&P 500 fell 0.04% at 5,842.01. The Nasdaq Composite rose 0.28% at 18,925.73.

Also Read: Stocks Lose Steam In Final Minutes Of US Trading: Markets Wrap

GIFT Nifty Indicates Higher Open; ITC, Sun Pharma, Trent Share Prices In Focus

The GIFT Nifty was trading 0.16% or 39.50 points higher at 24,694.50 as of 6:51 a.m., which implied the benchmark Nifty 50 will likely open higher.

Investors may monitor Sun Pharmaceutical Industries Ltd., ITC Ltd., Power Mech Projects Ltd., Grasim Industries Ltd. shares as these companies released their fourth quarter results on Thursday post market hours. Apart from these stocks, traders may keep an eye on Trent Ltd. and Bharat Electronics as they will be added to the benchmark BSE Sensex index.

The benchmark equity indices closed lower on Thursday after a day's respite amid volatility in the domestic stock markets.

The NSE Nifty 50 closed 203.75 points, or 0.82% lower at 24,609.7 and the BSE Sensex ended 644.44 points, or 0.79% lower at 80.951.99.

Also Read: Stock Market Live: Nifty, Sensex Resume Rally After One-Day Blip; HDFC Bank, L&T Top Gainers

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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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