The news is by your side.
AED
$0.27
0%
AFN
$0.01
-0%
ALL
$0.01
+0.18%
AMD
$0.00
+0.19%
ANG
$0.55
-0.01%
AOA
$0.00
-0.39%
ARS
$0.01
+0.11%
AUD
$0.68
+1.34%
AWG
$0.56
-0%
AZN
$0.59
-0%

Sensex Today: Stock Market LIVE Updates: Sensex moves towards 55,000; Nifty nears 16,400;


Benchmark indices opened on a muted note on Monday morning, as investors assess the impact of a slew of fiscal measures by the government to ease inflationary pressure off consumers on fiscal math. At 9.30 am, the BSE Sensex was trading 54 points or 0.10 per cent higher at 54,380.73. Nifty50 was trading at 16,270.25, up 4.10 points or 0.03 per cent. Midcap and smallcap indices were flattish. Cues from Asia were largely mixed. Among Sensex stocks Maruti Suzuki climbed 2.87 per cent to Rs 7,804.70. Axis Security said Maruti Suzuki could emerge as the biggest beneficiary of demand recovery in the post-COVID period, considering its stronghold in the entry-level segment and a favourable product lifecycle.

!1 New UpdateClick here for latest updates

Heatwave to exacerbate inflation and hurt India’s growth: Moody’s

Prolonged high temperatures are credit negative for India, as that could exacerbate inflation and hurt growth, Moody’s Investors Service wrote in a note on Monday. India’s highly negative credit exposure to physical climate risks means its economic growth, over the long term, will likely become more volatile as it faces increasing, and more extreme incidences of climate-related shocks, it noted.

Expectations of higher rates no brainer: RBI Guv Das

The Reserve Bank of India Governor Shaktikanta Das has said that the central bank wants to raise interest rates in the next few meetings and that the expectation of higher rates is a ‘no brainer.’ In an interview with CNBC-TV18, the central bank chief said that the RBI will also release a new inflation forecast at its June meeting.

Divi’s Laboratories on Monday said its consolidated net profit for the quarter ended March was at Rs 894.64 crore, up 78.20 per cent compared with Rs 502.02 it reported in the same period last year. The figure is much higher than Rs 700 crore ET NOW poll of analysts projected. The stock is trading more than 2% up

Price as on 23 May, 2022 12:43 PM, Click on company names for their live prices.

Nifty Smallcaps Gainers at 12.30 pm

Nifty Smallcaps Gainers at 12.30 pm

The state-owned engineering firm BHEL, is trading over 2% down, despite posting Rs 912.47 crore consolidated net profit in the March quarter, backed by higher income. In the year-ago quarter, the company had reported a consolidated net loss of Rs 1,036.32 crore.

Price as on 23 May, 2022 12:18 PM, Click on company names for their live prices.

PSU banks all in green

Price as on 23 May, 2022 12:09 PM, Click on company names for their live prices.

Private lender Bandhan Bank will gradually increase its exposure to secured loans by enhancing advances to the housing and MSME sectors, its Managing Director and CEO Chandra Shekhar Ghosh said, reports PTI.

Price as on 23 May, 2022 12:06 PM, Click on company names for their live prices.

3 stocks in metal index hit 52-week lows

3 stocks in metal index hit 52-week lows

eMudhra IPO subscribed 65% on day 2, retail book fully subscribed

The Rs 412.79 crore initial public offering (IPO) of eMudhra, India’s largest licensed certifying authority, received a mixed response during the second day of the book building process. The issue, which opened for subscription on Friday, May 20, will close for bidding on Tuesday, May 24. The company is selling its shares in a lot size of 58 equity shares in a price range of Rs 243-256.

Both steel export duty imposition as well as fuel excise duty cuts are very positive for auto sector as well as capital goods companies. They had huge order books but because of the consistent rise in steel prices, their profitability was getting impacted. So these two sectors will be the disproportionate beneficiaries.

– Sandip Sabharwal, asksandipsabharwal.com

After a shaky start, Nifty IT trading all in green

Price as on 23 May, 2022 11:08 AM, Click on company names for their live prices.

NTPC trading in green after posting a nearly 12 per cent jump in consolidated net profit to Rs 5,199.51 crore in the March quarter, mainly on the back of higher revenues. The consolidated net profit of the company was at Rs 4649.49 crore in the quarter ended on March 31

Price as on 23 May, 2022 10:47 AM, Click on company names for their live prices.

Market View: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The ‘risk-off, risk-on roller coaster market’ is set to continue in the near-term.The rebound in S&P 500 from the bear market territory last Friday may be an indication that the market is unlikely to turn long-term bearish. Macro numbers from the US in the coming days will be keenly watched by the market.

The government’s aggressive move on inflation by cutting the excise duties on petrol and diesel and other initiatives to soften the prices of steel will slightly reduce RBI’s burden on controlling inflation. Even though this is a positive from the market perspective, the government’s additional borrowing and fiscal deficit shooting beyond the budget estimates are areas of concern.

PayTm trading nearly 4% up. The digital financial services firm One97 Communications, which operates under the Paytm brand, on Friday reported widening of its consolidated loss to Rs 761.4 crore for the quarter ended March 2022 on account of rise in payment processing charges and employees benefit expenses.

Price as on 23 May, 2022 10:27 AM, Click on company names for their live prices.

Manish Gunwani shares his take on steel stocks with ET NOW

SBI seeking buyers for its stressed power, other loans

State Bank of India (SBI) is seeking buyers for its distressed loans, and about a third of these are to the power sector. Some of these accounts include the Ruia-promoted Essar Power Gujarat, Anil Ambani’s Vidarbha Industries Power, KSK Mahanadi Power and Meenakshi Energy, three people aware of the development told ET.

SBI seeking buyers for its stressed power, other loans

Top steel stocks were bleeding heavily on Monday as the government imposed export duties on select steel products which may prompt steel companies to review massive capacity expansion plans. Steel stocks witnessed a sharp correction.

Price as on 23 May, 2022 09:54 AM, Click on company names for their live prices.

A glimpse at the Nifty sectorals

A glimpse at the Nifty sectorals

Banks to stop collateral-free intra-day funding to brokers?

Banks are being told by the regulator to end the decades-long practice of financing stock brokers during the day without collaterals. Intra-day funding, better known as ‘daylight exposure’ in banking parlance, is a crucial facility that enables brokers to tide over a few hours gap pending receipt of money from stock buyers, or in furnishing derivatives trade margin in the morning or paying for spot trades by institutions in case of mismatches.

Buy or Sell: Stock ideas by experts for May 23, 2022

Infosys board has approved the reappointment of Salil Parekh as CEO and MD of the company for five more…



Read More : Sensex Today: Stock Market LIVE Updates: Sensex moves towards 55,000; Nifty nears 16,400;

You might also like
Leave A Reply

Your email address will not be published.