Stock Market Today: Nifty, Sensex Snap Two-Day Winning Streak As Airtel, Infosys Weigh

• The NSE Nifty 50 ended 4.21% in the week ended on May 16

• The BSE Sensex ended 3.62% higher.

• 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 closed 3 paise stronger at 85.52 against US Dollar

• It closed at 85.55 a dollar on Thursday

Source: Bloomberg

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.

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.

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