07:17:19 PM IST, 31 May 2024
Inox Wind: Board of directors approve infusion of capital into Inox Wind
07:16:29 PM IST, 31 May 2024
Check out the FII activity for May 31
07:15:32 PM IST, 31 May 2024
US stocks open slightly higher after inflation rises as expected
At the opening bell, the Dow Jones Industrial Average increased by 28.8 points (0.08%) to 38,140.26. The S&P 500 gained 7.7 points (0.15%) to reach 5,243.21, while the Nasdaq Composite climbed 34.8 points (0.21%) to 16,771.896.
05:52:27 PM IST, 31 May 2024
Nifty forms long-legged Doji candle. What should traders do in election result week
Nifty formed a long-legged Doji candle on the daily charts to breach a 5-day losing streak, ending 42 points higher at 22,531. On the daily charts, Nifty can be seen consolidating within the range of the previous trading session and has formed an inside bar pattern which makes the extremes of the range 22,700 – 22,400 crucial levels to watch out for.
05:48:54 PM IST, 31 May 2024
REC to raise up to ₹1.45 lk cr via bonds in one or more tranches
05:17:22 PM IST, 31 May 2024
Nifty Bank closes flat for the week; all eyes on 50K in June series: Experts
The Nifty Bank closed flat for the week ended May 31, 2024, but rose over 300 points on Friday. The index rallied 301 points to close at 48,983 while the Nifty50 42 points higher at 22,530.
05:15:38 PM IST, 31 May 2024
Rupee plunges 18 paise to settle at 83.47 against US dollar
The Indian rupee declined on Friday, pressured by month-end dollar demand from importers, with investors awaiting the outcome of the country’s general elections for fresh cues. The rupee ended at 83.4625 to the U.S. dollar, from 83.3175 in the previous session.
“The pre-election trading strategy has come to an end, and all eyes will be on the release of the exit poll for further action. Regional diversions, marginally low voter turnout and strong resistance at current range are prompting investors to adopt a cautious stance. They are aligning their investments towards fundamentally strong sectors & stocks to safeguard against any abrupt reactions in the market. On the global front, the release of inflation data from the US, which are estimated to be high, could sway global market sentiment in the near-term.”
– Vinod Nair, Head of Research, Geojit Financial Services
“The Nifty remained volatile within a narrow range during the day as investors awaited the election results. The highest call writing is visible at 23000, while there is significant put writing at 22500, indicating that the Nifty might oscillate between 22500 and 23000 in the next few days. However, a fall below 22500 might trigger a correction towards 22000.”
– Rupak De, Senior Technical Analyst, LKP Securities
03:57:22 PM IST, 31 May 2024
Stock Market LIVE Updates | Bajaj Group: Said to plan filing papers for housing finance unit IPO
03:46:12 PM IST, 31 May 2024
Stock Market LIVE Updates | Nifty snaps 2-week gaining streak
“Gold prices saw uptick of around ₹1,200 in MCX on weekly basis, reaching ₹72,250, with Comex Gold finding support in the $2,320-$2,330 range. Overall, Gold remains broadly positive, but near-term volatility is expected as the market awaits the US policy decision on June 12, which will provide clearer direction. Until then, Gold is likely to trade between ₹71,000-₹70,000 as support and ₹73,000-₹73,500 as resistance.”
– Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities
03:35:15 PM IST, 31 May 2024
Stock Market LIVE Updates | Sensex Heatmap: Top Sensex gainers & losers
03:33:35 PM IST, 31 May 2024
Closing Bell: Sensex rises 76 pts ahead of exit polls; Nifty at 22,550; Adani Ent surges 7%, Nestle falls 3%
03:21:42 PM IST, 31 May 2024
Amar Ambani, Executive Director, YES Securities on his top 5 election picks
SBI – Target Price ₹1000
Bharti – Target Price ₹1680
Texrail – Target Price ₹250
GMR airport – Target Price ₹100
03:12:44 PM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates: Nifty Bank recovers 350 points off day’s low
03:06:14 PM IST, 31 May 2024
Stock Market LIVE Updates| World shares mixed as selling hits technology shares
Global shares displayed mixed performance on Friday following an official survey revealing a decline in Chinese factory activity in May, attributed to slowing export orders. US futures remained relatively stable, while oil prices fell ahead of the upcoming OPEC meeting this weekend.
03:02:17 PM IST, 31 May 2024
Trump Media slides after former president Donald Trump’s criminal conviction
Shares of Trump Media & Technology Group dropped 8% in premarket trading on Friday after a jury found former President Donald Trump guilty of falsifying documents to conceal a payment made to silence a porn star before the 2016 election.
02:35:40 PM IST, 31 May 2024
Stock Market LIVE Updates | Sensex tumbles 650 pts from day’s high, drops 50 pts
02:31:48 PM IST, 31 May 2024
What are Modi stocks and should you buy them before election results? Here’s the full list
The stock market, being forward-looking, has likely factored in the possibility of Narendra Modi’s reelection as Prime Minister ahead of the June 4 election results. During this election period, investors are particularly interested in “Modi stocks,” which have seen an average increase of 50% over the past six months.
02:13:01 PM IST, 31 May 2024
Investor flows into corporate bonds on longest streak since 2019, says BofA
The increase in global interest rates has led to a rise in corporate bond yields, which has attracted buyers seeking higher payouts. Additionally, investors are hopeful that bond prices will rally once interest rates begin to decline. This dual incentive—higher yields and potential price appreciation—has contributed to the ongoing inflows into investment-grade corporate bond funds.
02:11:31 PM IST, 31 May 2024
European shares waver with key inflation prints in focus
The pan-European STOXX 600 index edged up by 0.1%, driven by gains in telecommunications and energy sectors, which rose by 0.8% and 0.5%, respectively. Despite the modest increase in the index, market participants seemed cautious amid uncertainty surrounding inflation figures and their potential impact on monetary policy decisions.
02:09:20 PM IST, 31 May 2024
Stock Market LIVE Updates | Nifty Metal rises over 2%; check out the top gainers
01:52:51 PM IST, 31 May 2024
Click this to join the ET Markets Telegram Channel and get all stock market news, investment tips and stock recommendations in one place.
01:49:36 PM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates: Top gainers & losers from hospital and healthcare pack
01:18:37 PM IST, 31 May 2024
Stock Market LIVE Updates: Waaree Renewable bags Rs 65.2 crore EPC order for solar projects: Agencies
01:16:24 PM IST, 31 May 2024
Crypto Watch: Bitcoin holds above $68.3K ahead of inflation numbers
The cryptocurrency market saw a trading session mainly in the red on Friday, although Bitcoin traded in the green ahead of forthcoming key inflation data, which could clarify the US Fed’s interest rate plan. Bitcoin was trading 0.8% higher at $68,337 at noon, while Ethereum experienced a marginal decline of over 0.1% to $3,738. The global cryptocurrency m-cap rose by 0.3% to around $2.54 trillion in the last 24 hours.
01:04:24 PM IST, 31 May 2024
Stock Market LIVE Updates: European stocks steady at open, before inflation data
European stock markets remained stable as trading commenced on Friday, with investors awaiting eurozone and US inflation data for insights into potential interest-rate adjustments. The FTSE 100 in London inched up 0.1% to 8,235.45 points. Meanwhile, the Paris CAC 40 held steady at 7,980.32 points, and Frankfurt’s DAX slipped 0.1% to 18,484.90.
12:51:46 PM IST, 31 May 2024
Stock Market LIVE Updates | Federal Bank and Tata AIA Life Insurance announce strategic partnership
12:46:20 PM IST, 31 May 2024
Stock Market LIVE Updates | Global Market Check
- S&P 500 futures fell 0.2% as of 6:50 a.m. London time
- Nasdaq 100 futures fell 0.3%
- Futures on the Dow Jones Industrial Average were little changed
- The MSCI Asia Pacific Index rose 0.5%
- The MSCI Emerging Markets Index fell 0.2%
- S&P 500 futures fell 0.2%
- Nikkei 225 futures (OSE) rose 1.4%
- Japan’s Topix rose 1.8%
- Australia’s S&P/ASX 200 rose 0.9%
- Hong Kong’s Hang Seng rose 0.9%
- The Shanghai Composite rose 0.2%
- Euro Stoxx 50 futures were unchanged
12:13:39 PM IST, 31 May 2024
Stock Market LIVE Updates | Vipul Organics sees over 3-fold jump in Q4 net profit on higher sales
12:04:20 PM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates: Mid-session update
- Sensex off day’s high, trades over 150 points higher
11:41:39 AM IST, 31 May 2024
Tokyo stocks close higher
Tokyo stocks made a strong recovery on Friday, closing higher as investor confidence was buoyed by the consistent uptrend in Asian shares. The benchmark Nikkei 225 index surged by 1.14 percent, or 433.77 points, concluding at 38,487.90. Similarly, the broader Topix index also saw gains, rising by 1.70 percent, or 46.29 points, to reach 2,772.49.
11:27:50 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Praj Industries Q4 Results
11:24:56 AM IST, 31 May 2024
China stocks track regional markets higher despite weak PMI
Additionally, data released on Thursday revealed a downward revision to consumer spending in the United States, indicating slower-than-expected growth in the first quarter. This news resulted in a decrease in Treasury yields and the dollar, while simultaneously boosting risk assets. This scenario underscores the market’s sensitivity to economic indicators and the potential implications for monetary policy decisions.
11:11:31 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates: Check top 5 gainers from real estate space
10:51:31 AM IST, 31 May 2024
Modi magic! PSU stocks create Rs 7 lakh crore wealth this election season
Investors on Dalal Street have shown strong confidence in the saying ‘Aayega to Modi hi’ (“Modi will come again”), as they have been accumulating PSU stocks in significant numbers since the Lok Sabha election voting commenced on April 19th. During this period, the market capitalization of the BSE PSU index has surged by nearly Rs 7 lakh crore, with shares of state-owned entities experiencing substantial gains of up to 87%. These PSU stocks are now being referred to as “Modi stocks”, reflecting the market’s anticipation and optimism regarding the potential reelection of Prime Minister Narendra Modi and its positive impact on these government-linked companies.
10:36:35 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | BofA Securities on HDFC Bank: Buy| Target Rs 1800
10:08:44 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Suzlon secures a new order of 81.9 MW for the 3 MW series from Oyster Green Hybrid One Private Ltd
10:06:23 AM IST, 31 May 2024
Stock Market LIVE Updates | F&O stocks to buy or sell today: Apollo Tyres, Oberoi Realty among top 6 trading ideas
- Apollo Tyres Futures: Buy| Target Rs 428| Stop Loss Rs 484
- Coromandel International: Buy| Target Rs 1430| Stop Loss Rs 1230
- Texmaco Rail: Buy| Target Rs 225| Stop Loss Rs 190
- Indus Tower: Buy| Target Rs 360| Stop Loss Rs 336
- Oberoi Realty: Buy| Target Rs 1900| Stop Loss Rs 1800
- Sona BLW Precision Forging: Buy| Target Rs 688| Stop Loss Rs 618
10:04:47 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Muthoot Finance rises 4% post Q4 results
09:57:02 AM IST, 31 May 2024
Stock Market LIVE Updates | Macquarie on Zomato: Underperform | Target Rs 96
09:38:34 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Apollo Hospitals rises 3% announced on Thursday a significant 77% increase in its consolidated net profit, amounting to Rs 258 crore for the fourth quarter concluding in March 2024.
09:24:31 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Sensex climbs 500 pts
09:21:53 AM IST, 31 May 2024
Forex News | Rupee rises 4 in early trade
Rupee rises 4 paise to 83.25 against US dollar in early trade.
09:20:21 AM IST, 31 May 2024
Stock Market LIVE Updates | GMR Infra, Canara Bank among most active stocks in morning trade
09:19:12 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Opening Bell
Sensex climbs 300 pts, Nifty above 22,550; Apollo Hospitals jumps 3%, Zomato falls 5%
09:06:11 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Pre-market session: Sensex jumps 400 points, Nifty above 22,550
08:50:02 AM IST, 31 May 2024
Sensex Today | Stock Market View: Prashanth Tapse, Senior VP (Research), Mehta Equities
The early arrival of the Southwest monsoon in Kerala, advancing into most parts of Northeast India, is the biggest positive catalyst this Friday. However, May saw Nifty and its stocks lose significant gains, and election jitters continue to rattle markets, emphasizing caution. Key events to watch include the US PCE inflation data release at 6 PM IST and exit polls starting on June 1st at 6:30 PM IST. A narrow BJP victory might hinder bold reforms, with Nifty potentially dipping to its 200 DMA at 21,000, while a larger win (360-390 seats) could spark a rally towards 23500+. Today’s market is expected to be highly volatile.
08:38:32 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | ANTIQUE ON PTC INDUSTRIES
• Initiate Buy with target price of Rs 13,010; 67% return potential
• All that glitters is… Titanium
• Closely guarded manufacturing technologies; high margins
• Casting a highly value additive segment
• Titanium-at the heart of aerospace manufacturing
• Geopolitical situation extremely favorable to PTC
• Agreements provide long-term order book visibility
08:38:23 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | MACQUARIE ON ZOMATO
• Maintain Underperform with target price of Rs 96
• Competitive intensity rising; now JioMart
• Multiple incumbent e-commerce platforms have announced renewed ambitions in QCom
• Consider Blinkit as an efficient operator
• Despite the large potential TAM of India retail, with rising competitive intensity, continue to see downside to consensus estimates
08:38:15 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | MACQUARIE ON APOLLO HOSPITALS
• Q4 results: Operationally in line, hospital profitability declines
• PAT miss was driven by higher depreciation and amortisation expenses
- • Hospital business EBITDA margin compressed 130 bps YoY and 70 bps QoQ to 23.1%
08:38:05 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | MACQUARIE ON ERIS LIFE
• Maintain Outperform; Cut target price to Rs 1,100 from Rs 1,230
• Q4 revenue beat estimate by 10%, but EBITDA and PAT were meaningfully below
• Management to issue consolidated FY25 guidance post-Q1 results
• Expects 12-14% domestic revenue growth and a 36% EBITDA margin
• Cut target price to reflect earnings dilution from recent acquisitions
08:37:55 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | BOFA ON HDFC BANK
• Maintain Buy with target price of Rs
• Finding a bottom to re-rating – key issues and catalysts
• FY25 – EPS cut cycle bottom = big stock bottom?
• Believe current EPS expectations are 90 low enough and we might finally see an end to the EPS downgrade cycle
08:37:42 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | BOFA ON M&M
• Upgrades to Buy from Neutral; raises target to ?3,050/sh from ?2,480/sh
• The Power of One: Core steady & subs value unlock expected
• Core & More: Group is worth more than just sum of subs
• A look at subs: bold targets, new leaders & sustainability
• See lots of catalysts
08:19:23 AM IST, 31 May 2024
India bond yields may inch down tracking US peers
The trader’s forecast suggests that India’s benchmark 10-year yield is expected to trade within a range of 6.97% to 7.02%, following its previous close of 6.9966%. This indicates a relatively stable outlook with a slight potential for downward movement in yields. Investors and market participants will likely monitor these developments closely for any shifts in sentiment or market conditions.
08:07:56 AM IST, 31 May 2024
Stock Market LIVE Updates | Asia stocks gain, dollar drifts as inflation tests await
The recent data showing a downward revision to consumer spending in the U.S. for the first quarter may have contributed to the decline in Treasury yields and the dollar. This slower-than-expected growth could influence market expectations regarding the pace of economic recovery and the Federal Reserve’s approach to monetary policy. Investors are likely closely monitoring these developments for insights into future market movements.
07:54:07 AM IST, 31 May 2024
Gold inches higher as inflation data looms, set for fourth monthly gain
Gold often serves as a hedge against inflation, so it’s not surprising to see its prices rising as investors await key inflation data. The upcoming U.S. inflation reading could provide valuable insights into the Federal Reserve’s approach to monetary policy, especially regarding interest rates. If inflation appears to be rising faster than expected, it could prompt the Fed to consider tightening monetary policy sooner than anticipated, which might impact various asset classes, including gold. Investors are likely keeping a close eye on these developments to make informed decisions about their portfolios.
08:39:57 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Apollo Hospitals in Focus
Apollo Hospitals reported a 77% increase in consolidated net profit indicating strong performance, which could be attributed to various factors such as increased demand for healthcare services, operational efficiencies, or strategic initiatives. It would be interesting to delve deeper into their quarterly report to understand the drivers behind this growth. Such positive financial results can also reflect well on investor confidence in the company’s future prospects.
07:37:02 AM IST, 31 May 2024
Sensex Today | Stock Market LIVE Updates | Sensex, Nifty on Thursday
By the day’s end, the Sensex closed at 73,885.60, down by 617.30 points, while the 50-stock Nifty settled at 22,488.65, marking a decrease of 216.05 points. Thursday’s trading session marked the fifth consecutive day of declines for the benchmark indices.
