Stock Market Highlights: Nifty 50 ends at highest closing level in 2023

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16:10:44 IST

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16:02:58 IST

Stock Market Update | InCred Equities’ Gaurav Bissa on market 

“Nifty opened on a positive note taking cues from a strong US market and gained momentum as the day progressed. Not only did it hold above 18400 level with relative ease but managed to close well above the previous swing high of 18460. Rsi is inching towards 70 which if sustained can give a fresh push to Nifty. 18400 put option has witnessed significant intraday selling implying a robust upside towards 18650 can be seen as long as 18400 is protected,” says Gaurav Bissa, VP – InCred Equities.

16:01:05 IST

Market This Week | Sensex, Nifty 50 reverses last week’s losses led by IT and pharma

Midcap relatively outperform with the index gaining three percent

Sensex and Nifty record gains of over one percent each, Nifty Bank is flat

All sectoral indices post gains with metal, pharma and IT gaining the most

HDFC, HDFC Bank, Grasim, Tata Motors, ONGC top Nifty losers

Muthoot Finance, Balkrishna, Bandhan, Info Edge, Indus Towers are top Midcap gainers

15:55:36 IST

Market At Close | Sensex, Nifty 50 starts June series on a positive note

NCLAT relief helps Zee Entertainment surge seven percent, biggest single-day gain in two months

Sun Pharma rises over three percent after reporting in-line March quarter results

Info Edge surges seven percent as 39 percent margin maintained despite dip in revenue

Varun Beverage overtakes Britannia in market, is now fourth largest FMCG company, stock up five percent

Vodafone Idea, Radico, Emami, Medplus, Nucleus Soft, BEML end in the green after results

Samvardhana Motherson closes in the red despite better-than-expected March quarter earnings 

Grasim ends with minor cuts as earnings are largely below estimates

Page Industries falls up to 15 percent intra-day after reporting weak earnings

Market breadth favours advances, advance-decline ratio at 5:4

15:46:36 IST





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Market at Close | All Nifty sectoral indices end in green 

15:38:00 IST





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Rupee Check | INR ends sharply higher vs the US  

15:33:29 IST





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Market At Close | Indices at 5-month high, Nifty 50 at highest closing level in 2023

15:20:09 IST

Sun Pharma Share Price | Shares up 3%, top Nifty 50 gainer after reporting March quarter numbers  

15:17:22 IST

Market Update | Sensex up 650 points, Nifty 50 at 16,500

The Sensex is up 645.8 points or one percent higher at 62,517.9, while Nifty 50 is at 18,501.9, up 180.8 or one percent from its previous close. 

14:08:22 IST





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M&M Q4 | Here’s how the numbers fared vs year-ago period

14:07:14 IST





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M&M Q4 | Here’s how the numbers fared vs CNBC-TV18 Poll

14:03:43 IST

M&M Q4 | Mahindra & Mahindra reports Jan-march quarter results 

Profit at 1,549 crore against CNBC-TV18 poll of Rs 1,756 crore. 

14:00:28 IST





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Nifty 50 Update | Nifty above 18,450, RIL top contributor 

13:48:07 IST





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Market Update | Sensex up 450 points, Nifty 50 above 18,450

13:41:50 IST

Nifty IT | Index up 350 points, all constituent stocks advance

Index up 353.9 points or 1.2 percent 

All 10 index stocks are trading in the green

Coforge (+3.1%), Mphasis (+2.4%), HCLTech (+2%) and LTTS (+1.9%) top gainers

13:36:55 IST





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ONGC Q4 | Nifty 50 company to report March quarter numbers  

13:34:25 IST

PG Electroplast Share Price | Shares fall over a percent after posting quarterly numbers

13:24:35 IST





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Samvardhana Motherson Share Price | Shares fall post Q4

13:21:07 IST

Share Market Update | Samvardhana Motherson reports Q4 results 

Net profit at Rs 654 crore vs Rs 122 crore

Revenue up 30.4 percent at Rs 22,476.8 crore vs Rs 17,241.4 crore   

EBITDA up 59.7 percent at 2,020.7 crore vs Rs 1,265.1 crore 

EBITDA margin at nine percent vs 7.3 percent  

12:56:37 IST

Zee Entertainment Share Price Update | Big Relief From NCLAT

12:54:17 IST





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Nucleus Software Share Price Update | Stock Up 20% Post Q4

– Net profit up 76.5 percent at Rs 67.6 crore Vs Rs 38 crore (QoQ)

– Revenue up 21.8 percent at ₹206.2 crore Vs ₹169.3 crore (QoQ)

– EBITDA up 72.9 percent at ₹82.8 crore Vs ₹47.9 crore (QoQ)

– EBITDA Margin at 40.2 percent Vs 28.3 percent (QoQ)

– Shares are locked in an upper circuit of 20 percent at Rs 809.30

– Stock is at a 52-week high

12:47:23 IST

Share Market Update | Top Stocks To Buy/Sell

Here are two recommendations by Prakash Gaba of prakashgaba.com:

Buy Axis Bank for a target of Rs 930-940 with a stop loss at Rs 920 

Buy Bajaj Finance for a target of Rs 7,000 with a stop loss at Rs 6,850 

12:35:02 IST

ITD Cementation | ITD Cementation revenue, profit and order inflow at record high in FY23 – Shares near 52-week high

Shares of ITD Cementation India Ltd. surged 5.5 percent on Friday to trade near its 52-week high after the company reported record revenue, net profit and order inflow for financial year 2023. (Read more)

12:23:56 IST

Sun Pharma Q4 | Nifty 50 company to report Jan-March quarter results 

12:16:46 IST





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Varun Beverages overtakes Britannia in terms of market capitalisation, becomes fourth largest FMCG firm

11:56:33 IST





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Grasim Share Price | Shares down ahead of earnings

11:47:41 IST

Nalco Share Price | Nalco shares are up 6%

Recovers yesterday’s gains, stock up after falling for three days

Share up 15 percent in one month, 2.4 percent in 2023

11:40:38 IST

Stock Market Live | Top Stocks To Buy/Sell

Here are two recommendations by technical analyst, Mitessh Thakkar 

Buy Hindustan Copper for a target of Rs 112 with a stop loss at Rs 103 

Buy LTI Mindtree for a target of Rs 5,075 with a stop loss at Rs 4,920 

11:39:24 IST

Gold, Silver at two month low, markets pricing 50% chance of 25bps rate hike

Gold down two percent this week

Silver down five percent this week

US nears debt ceiling deal

US jobless claims rise moderately

Markets pricing 50 percent chance of 25bps rate hike

Strength in USD, Treasury yields  

US Q1 GDP revised high 

BOE and ECB expected to further hike rates

11:33:20 IST

MedPlus Share Price | MedPlus shares see best day since listing post Q4 beat – Stock back above IPO price