Stock Market Updates Today:Amid strong global signals, buying is being seen in the domestic stock market today. Both Sensex and Nifty indices have strengthened in today’s trading. Sensex is seeing a rise of about 350 points while Nifty has reached near 22300. On Nifty, Bank, Financial, Auto, IT, Metal, Pharma, FMCG and Realty indices are trading in the green. At present, Sensex is gaining 351 points and it is trading at the level of 73338. While Nifty has increased by 95 points and is trading at the level of 22295. Today’s top gainers include BHARTIARTL, TECHM, WIPRO, TATASTEEL, HCLTECH, M&M. While the top losers include POWERGRID, MARUTI, NTPC, TATAMOTORS.
global signals strong
Today, global signals look very strong for the domestic stock market. Buying is being seen in major Asian markets in today’s business. Earlier on Wednesday, American markets also closed at record high. On Wednesday, Dow Jones Industrial rose by 350 points and closed at the level of 39908. NASDAQ Composite increased by about 231 points and closed at the level of 16742.39. While the S&P 500 index increased by 61 points and closed at the level of 5308.15. Markets got support from America’s retail inflation data which was better than expected.
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May 16, 2024 10:38 IST
Mahindra and Mahindra results today
The quarterly results of Mahindra and Mahindra are going to be released today on 16 May 2024. Apart from this, quarterly results of GAIL (India), Vodafone Idea, Biocon, Container Corporation, Crompton Greaves, Endurance Technologies, HAL, Infibeam Avenues, KIMS, Info Edge (India), Triveni Turbine can also be released today.
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May 16, 2024 10:36 IST
Oberoi Realty News
Oberoi Realty’s profit has increased by 64 percent to Rs 788.03 crore in the quarter ending March of the last financial year. Along with this, the company has announced a plan to raise up to Rs 4,000 crore by issuing equity shares and non-convertible debentures. The company’s profit in the same period a year ago was Rs 480.29 crore. In the information sent to the stock exchanges, the company said that its total income during the quarter increased to Rs 1,558.56 crore, which was Rs 995.11 crore in the same quarter of the previous financial year.
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May 16, 2024 10:36 IST
Mankind Pharma News
The profit of Mankind Pharma has increased by 62 percent to Rs 477 crore in the January-March quarter of the last financial year 2023-24. Earlier, the profit of the pharmaceutical company in the same quarter of the financial year 2022-23 was Rs 294 crore. Mankind Pharma’s operating income during this period increased to Rs 2,441 crore from Rs 2,053 crore in the same quarter a year ago.
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May 16, 2024 10:35 IST
Jindal Stainless News
Jindal Stainless’s profit for the fourth quarter of the last financial year ending in March has declined by 30 percent to Rs 500.65 crore. Due to this, the company had earned a profit of Rs 716.29 crore in the same quarter of the last financial year. The company’s total income also declined to Rs 9,509 crore in the fourth quarter, which was Rs 9,803.01 crore in the same period a year ago. During the period under review, the company’s expenses stood at Rs 8,805.55 crore as against Rs 8,885.45 crore a year ago.
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May 16, 2024 10:35 IST
LIC News
Life Insurance Corporation (LIC) has been given three years additional time by market regulator SEBI till May 16, 2027 to comply with the 10 percent public shareholding norm. At present the government stake in LIC is 96.50 percent and the public stake is 3.50 percent. According to the insurance company, the revised deadline for LIC to achieve 10 percent public shareholding is on or before May 16, 2027.
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May 16, 2024 08:59 IST
Stocks under F&O ban on NSE
NSE has added Biocon, Granules India, India Cements and LIC Housing Finance to the F&O ban list for May 16, while Balrampur Chini Mills, Birlasoft, GMR Airports Infrastructure, Hindustan Copper, Vodafone Idea, Piramal Enterprises, SAIL and Zee Entertainment Enterprises Has been retained. Whereas Canara Bank has been removed from this list. Ban securities under the F&O segment include those companies where the derivative contracts exceed 95 per cent of the market-wide position limit.
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May 16, 2024 08:56 IST
US retail inflation
America’s retail inflation rate (CPI) has been 3.4 percent. Inflation rate has been better than expected. Apart from this, the core inflation rate has also been at 3.6 percent. This level of core inflation rate is visible after April 2021. Retail sales have been flat.
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May 16, 2024 08:56 IST
Crude crosses $83
Crude has received support from America’s retail inflation data and weak dollar. Brent crude is about half percent stronger and is trading at $ 83.17 per barrel. WTI crude is also up at $ 78.57 per barrel. The US dollar index has slipped below 105. The 10 year bond yield has also slipped to 4.3 percent.
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May 16, 2024 08:55 IST
shopping in asian markets
Buying is being seen in major Asian markets in today’s business. Talking about Asia, GIFT NIFTY is seeing a rise of 0.06 percent and Nikkei 225 is seeing a rise of 0.73 percent. An increase of 0.70 percent is seen in Strait Times and 1.07 percent increase in Hang Seng. Taiwan Weighted has strengthened by 1.10 percent, Kospi has seen an increase of 0.81 percent and Shanghai Composite has seen an increase of 0.26 percent.
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May 16, 2024 08:55 IST
Dow Jones closed 350 points higher
American markets closed at record high on Wednesday. On Wednesday, Dow Jones Industrial rose by 350 points and closed at the level of 39908. NASDAQ Composite increased by about 231 points and closed at the level of 16742.39. While the S&P 500 index increased by 61 points and closed at the level of 5308.15. Markets got support from America’s retail inflation data which was better than expected.
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