tock Market Today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 06 May 2024.
- May 06, 2024 08:46
Stock market live updates: Shiva Cement Ltd_Right Issue_Closes Today
Issue Open – 22-Apr-24
Issue Close – 06-May-24 (Today)
Right issue Size: Rs. 400 Crs (10 Crs Shares)
Stock Price – 42.95/-
Right issue Price: Rs. 40/-
Payment Terms: Rs. 40/- (Full amount of Rs.40 for rights equity shares has to be paid on application.)
Rights Entitlement Ratio: 20 Rights Equity Share for every 39 shares held (Effectively 0.51 for every 1 share held).
Last Trade date (Cum Right): 02 April 2024
Ex-Right Trading date: 03 April 2024
Record Date: 03 April 2024
Right Entitlement (RE) Trading Period:- 22-April-2024 to 30-April-2024
Last day of Renunciation of Rights Entitlements: 30-April-2024
Date of Allotment (on or about): 10-May-2024
Date of listing (on or about): 20-May-2024
- May 06, 2024 08:46
Stock market live updates: Open Offer Company: Cigniti Technologies Ltd (CIGNITITEC)
Type of Offer: Acquisition
Acquirer: Coforge Limited
Issue of Public Announcement: 02-May-2024
Offer price Rs: 1,415
CMP: Rs 1,320
(%Prem.)/Disc.: 6.7%
Offer Size : Rs 1,013 Cr
Proposed Acq. No.of shares: 0.72 cr
Proposed Acq. : 26%
Schedule of Activity: Not Yet Announced
- May 06, 2024 08:45
Stock market live updates: Open Offer Company: Astec LifeSciences Ltd (ASTEC)
Type of Offer: Acquisition
Acquirer: Nadir Godrej, Tanya Dubash, Nisaba Gorej, and other promoters of Godrej Agrovet
Issue of Public Announcement: 02-May-2024
Offer price Rs: 1,069.75
CMP: Rs 1,227
(%Prem.)/Disc.: -14.7%
Offer Size : Rs 545 Cr
Proposed Acq. No.of shares: 0.51 cr
Proposed Acq. : 26%
Schedule of Activity: Not Yet Announced
- May 06, 2024 08:43
Stock market live updates: Fund Houses Recommendations
JP Morgan on DMart: Upgrade to Overweight on Company, raise target price at Rs 5400/sh (Positive)
MOSL on DMart: Maintain Buy on Company, raise target price at Rs 5310/sh (Positive)
JP Morgan on Kotak Bank: Upgrade to Overweight on Bank, raise target price at Rs 2070/sh (Positive)
Nomura on Kotak Bank: Upgrade to Buy on Bank, raise target price at Rs 2000/sh (Positive)
Investec on Kotak Bank: Maintain Buy on Bank, target price at Rs 2300/sh (Positive)
Jefferies on KEI Ind: Maintain Buy on Company, raise target price at Rs 4770/sh (Positive)
Antique on Oil India: Maintain Buy on Company, raise target price at Rs 709/sh (Positive)
Antique on ONGC: Maintain Buy on Company, raise target price at Rs 339/sh (Positive)
MS on Britannia: Maintain Overweight on Company, target price at Rs 5243/sh (Positive)
Jefferies on ONGC: Maintain Buy on Company, target price at Rs 390/sh (Positive)
Bernstein on Kotak Bank: Maintain Market Perform on Bank, target price at Rs 1650/sh (Neutral)
Jefferies on Kotak Bank: Maintain Hold on Bank, target price at Rs 1790/sh (Neutral)
Nuvama on Kotak Bank: Maintain Reduce on Bank, target price at Rs 1530/sh (Neutral)
JP Morgan on Britannia: Maintain Neutral on Company, target price at Rs 5260/Sh (Neutral)
JP Morgan on Titan: Maintain Overweight on Company, cut target price at Rs 3850/Sh (Neutral)
GS on Titan: Maintain Buy on Company, target price at Rs 3950/Sh (Neutral)
UBS on Titan: Maintain Neutral on Company, target price at Rs 3900/Sh (Neutral)
Jefferies on Titan: Maintain Hold on Company, target price at Rs 3500/Sh (Neutral)
Nuvama on DMart: Maintain Hold on Company, target price at Rs 4821/sh (Neutral)
MOSL on MRF: Maintain Sell on Company, target price at Rs 92000/sh (Neutral)
Kotak on JSW Infra: Maintain Sell on Company, target price at Rs 205/sh (Neutral)
Kotak on CEAT: Maintain Sell on Company, target price at Rs 1850/Sh (Neutral)
BofA on Tata Tech: Maintain Buy on Company, target price at Rs 1250/sh (Neutral)
JP Morgan on Tata Tech: Maintain Underweight on Company, target price at Rs 800/sh (Negative)
Nuvama on Titan: Downgrade to Hold on Company, cut target price at Rs 3867/sh (Negative)
- May 06, 2024 08:42
Stock market live updates: Stocks that will see action today May 6, 2024
Paytm’s parent company One97 Communications president and chief operating officer Bhavesh Gupta has resigned from the company, an official statement said. Gupta steered the lending business, online and offline payments, and compliances, at Paytm. Read more
- May 06, 2024 08:24
Stock market live updates: Forex reserves remain steady
Amidst the geopolitical challenges and uncertain global economic climate, India’s foreign currency reserves stand intact at USD 637 billion bolstered by strong economic growth trajectory, attractiveness to international investors and robust export growth trajectory, said Mr Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry
- May 06, 2024 08:24
Stock market live updates: Storage Technologies and Automation SME IPO subscribed 259 times on final day (Friday)
The SME Initial Public Offering of Storage Technologies and Automation Ltd was subscribed 258.56 times on the final day of bidding after the issue saw strong buying interest from all category of investors.
The issue received bids of 71,11,37,600 shares against the offered 27,50,400 equity shares, at a price band of ₹76-78, according to the data available on the SME platform of BSE.
Non-Institutional Investors Portion was subscribed 422.83 times, Retail Portion was subscribed 242.63 times, whereas Qualified Institutional Buyer Portion subscribed 117.86 times.
OneView Corporate Advisors Private Limited is the sole book-running lead manager and Integrated Registry Management Services Private Limited is the registrar to the issue. The equity shares are proposed to be listed on SME Platform of BSE Limited
- May 06, 2024 07:43
Stock market live updates: Dividend Dates
Ex-Dividend 07 May 2024 (Tomorrow)
Last date for Cum-Dividend Today
Hcl Technologies Ltd.
Dividend Per Share Rs.18
Previous day Closing Price – Rs. 1347.8
Oracle Financial Services Software Ltd.
Dividend Per Share Rs.240
Previous day Closing Price – Rs. 7781.05
- May 06, 2024 07:42
Stock market live updates: Weekly Market Update (29th April 2024 – 03rd May 2024)
•Fixed Income
The New 10-Year Benchmark GOI 7.10 2034 traded between 7.10% – 7.17% during this week.
The Old 10-Year Benchmark GOI 7.18 2033 traded between 7.14% – 7.20% during this week, tracking movement in US Treasury Yields and FED Meeting.
•Auction Highlights
RBI conducted the Auction for G-sec, SDL, and T-Bill for the aggregated amount of INR 28,000, INR 14,700 Crore, and INR 27,000 Crore, respectively.
G-sec Cutoff:
7.33% GS 2026: 100.41/7.1460%u0009
7.23% GS 2039: 100.29/7.1973%
7.34% GS 2064: 100.55/7.2971%
SDL Cutoff:
08 Years: PN 7.54%
10 Years: AS 7.54%, HR 7.52%, RJ 7.52%
12 Years: AP 7.53%, PN 7.53%
13 Years: PN 7.53%, RJ 7.52%
15 Years: RJ 7.52%
17 Years: AP 7.51%
20 Years: AP 7.49%, RJ 7.49%, TN 7.49%
26 Years: KL 7.47%
T-Bill Cutoff:
091 Days: INR 12000 Crore 98.2854/6.9972%
182 Days: INR 7000 Crore 96.6090/7.0393%
364 Days: INR 8000 Crore 93.4053/7.0797%u0009
•Commodities:
1)Brent Crude Oil: $82.81-$89.29 (Per barrel)
2)WTI Crude Oil: $77.95-$83.91 (Per barrel)
3)Gold: INR 7,151-INR 7,260 24 Carat (1 Gram)
4)Silver: INR 83,000-INR 84,000 (1 KG)
•US Treasury Yield:
1)US 2 Years Treasury: 4.76%-5.04%
2)US 5 Years Treasury: 4.45%-4.72%
3)US 10 Years Treasury: 4.44%-4.69%
•Corporate Bond Highlights
AAA 5 Years Bond traded between 7.70%-7.75% this week.
AAA 10 Years Bond traded between 7.80%-7.84% this week.
•New Issuances:
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED
Ratings: AA+/Stable by ICRA & INDIA Ratings; Issue Size: 500 + 500 Crs; Maturity Date: 30/04/2029.
Allocated 504 Crs at 8.59%
SMFG India Credit Company Limited
Ratings: AAA by ICRA; Issue Size: 500 + 250 Crs; Maturity Date: 15/09/2025.
Allocated 500 Crs at 8.30%.
KOTAK MAHINDRA PRIME LIMITEDu0009
Ratings: AAA/Stable by ICRA & CRISIL; Issue Size: 275 +375 Crs; Maturity Date: 18/08/2027
Allocated 277 Crs at 8.13%
SUMMIT DIGITEL INFRASTRUCTURE LIMITED
Ratings: AAA/Stable by ICRA & CRSIL; Issue Size: 600 + 0 Crs; Maturity Date: 01/05/2029.
Allocated 600 Crs at 7.89%
MUTHOOT FINANCE LIMITED
Ratings: AA+/Stable by CRISIL; Issue Size: 190 + 0 Crs; Maturity Date: 03/05/2027
Allocated 190 Crs at 8.95%
Ratings: AA+/Stable by CRISIL; Issue Size: 250 + 250 Crs; Maturity Date: 03/05/2029
Allocated 420 Crs at 9.03%
ICICI HOME FINANCE COMPANY LIMITED
Ratings: AAA/Stable by CARE; Issue Size: 150 + 250 Crs; Maturity Date: 02/08/2027
Allocated 160 Crs at 8.07%
TATA REALTY AND INFRASTRUCTURE LIMITED
Ratings: AA+/Stable by ICRA; Issue Size: 225 + 0 Crs; Maturity Date: 03/05/2026
Allocated 225 Crs at 8.20%
BAJAJ FINANCE LIMITED
Ratings: AAA/Stable by CRISIL & INDIA Ratings; Issue Size: 500 + 2500 Crs; Maturity Date: 10/05/2027; Allocated 1035 Crs at 8.15%
Ratings: AAA/Stable by CRISIL & INDIA Ratings; Issue Size: 200 + 1000 Crs; Maturity Date: 02/05/2034; Allocated 328.50 Crs at 7.93%
•News Highlights
INDIA
1)The Reserve Bank of India announced that the Centre plans to buy back Rs 40,000 crore worth of government securities on May 9, the first such repurchase since 2018. The unexpected move is also seen bringing down yields on short-term government bonds, as the three securities that the government has chosen to buy back are all maturing within six to nine months.
2)India’s foreign exchange reserves saw a decline of $2.41 billion to $637.92 billion as of April 26, according to the latest data from the Reserve Bank of India (RBI). This follows a previous decrease of $2.83 billion to $640.33 billion for the week ending on April 19, 2024.
3)India’s services exports decelerated in FY24 to a three-year low, with a modest increase of 4.9 per cent to $341.1 billion, data released by the Reserve Bank of India showed. Net services exports grew at a robust pace of 13.6 per cent to $162.8 billion as services imports contracted 2 per cent to $178.3 billion during the financial year ended March 31.
4)Fundraising by banks through certificates of deposits (CDs) declined by 74% in April compared with March as liquidity tightness in the banking system eased and demand for loans moderated. Banks raised Rs 32,860 crore in April compared with Rs 1.27 trillion in March through CDs, data from Prime Database show.
5)India’s services exports declined 1.3 per cent in March to $30 billion while imports fell by 2.1 per cent to $16.61 billion, according to a report by the Reserve Bank of India released on 2nd May 2024. As per RBI’s data on India’s international trade in services, the trade surplus during March 2024 was USD 13.4 billion.
6)The headline Purchasing Managers’ Index (PMI), released by HSBC, slipped to 58.8 in April from a 16-year high of 59.1 recorded in March. Indian manufacturing slowed down a bit in April but growth stayed robust to signal the second-best improvement in the sector’s health in three and a half years.
7)Paris-based global agency Organisation for Economic Co-Operation and Development (OECD) has upgraded India’s GDP growth forecast by 40 basis points to 6.6% for FY2024-25. The GDP forecast for FY25 also remains the same at 6.6%.
8)Unified Payment Interface (UPI) transactions declined in volume and value in April by 1 per cent and 0.7 per cent, compared to March 2024. Transactions stood at Rs 19.64 trillion in terms of value, down from Rs 19.78 trillion in March. There were 13.3 billion transactions in April, compared to 13.44 billion in March.
9)Data for April revealed that FIIs sold shares worth Rs 35,692.19 crore, while DIIs bought shares worth Rs 44,186.28 crore. Despite these divergent trends, Indian indices sustained positive returns in April, with the Nifty yielding 0.65% and the Sensex rising by 0.63% in the holiday-shortened month.
10)After 2 straight months of inflows, foreign portfolio investors (FPIs) turned sellers in April. FPIs sold Indian equities worth ₹8,671 crore during the month on the back of a rise in US bond yields and higher crude oil prices.
11)India has cut its windfall tax on petroleum crude to 8,400 Indian rupees ($100.66) a metric ton from 9,600 rupees with effect from May 1, the government said on 30th April 2024.
12)A recent report by World Gold Council (WGC) revealed that gold demand in India saw a significant rise by 8 per cent, reaching 136.6 tonnes in the January – March quarter (Q1) in 2024. This rise was supported by a robust economic backdrop, despite gold prices reaching historic highs. The increase in demand was further fueled by the Reserve Bank of India’s (RBI) robust gold purchases. The central bank purchased over 19 tonnes of gold during the initial quarter of the current calendar year 2024 (Q1-CY24 / Q4-FY24), surpassing the 16 tonnes it purchased throughout the entirety of 2023, as outlined in the WGC report.
13)Goods and services tax (GST) collection touched a record ₹2.10 trillion in April, reflecting robust economic growth. This is also the first time GST collection has crossed the ₹2 trillion mark since the unified indirect tax regime was rolled out seven years ago. “This represents a significant 12.4% year-on-year growth, driven by a strong increase in domestic transactions, up 13.4%, and imports, up 8.3%,” a finance ministry statement said.
14)The Asia-Pacific region will grow less slowly than previously feared, the International Monetary Fund (IMF) said on 30th April 2024, reflecting an improved outlook for two of the region’s largest economies, China and India. “We have raised our regional growth forecast for this year to 4.5%, up 0.3 percentage point from six months earlier, after a 5% expansion in 2023. The revision reflects upgrades for China, where we expect policy stimulus to provide support, and India, where public investment remains an important driver, making it the world’s fastest-growing major economy,” the IMF report said.
15)India recorded about 131 billion UPI transactions with a total value of Rs 200 lakh crore in FY24, finance minister Nirmala Sitharaman said. In FY23, about 83.7 crore transactions worth Rs 139 trillion were done through UPI, National Payments Corporation of India (NPCI) data stated.
16)The growth in output of eight key infrastructure industries — known as the core sector — slowed to 5.2 per cent year-on-year (Y-o-Y) in March from 7.1 per cent in February on the back of a sequential deterioration recorded by five of its constituents.
17)Indian economy will likely expand 6.8% in the current fiscal as public investment remains the primary growth driver, the International Monetary Fund said in its Regional Economic Outlook for Asia and Pacific.
WORLD
1)Federal Open Market Committee (FOMC) votes unanimously to leave benchmark rate unchanged in target range of 5.25%-5.5%, a two-decade high, for sixth straight meeting; adds new sentence to statement noting, “In recent months, there has been a lack of further progress toward the Committee’s 2% inflation objective.” The likelihood of a rate cut by the Fed in June and July is low while those odds for the September meeting dipped below 55%.
2)US Initial Jobless Claims for the week ending April 27 remained steady at 208K, unchanged from the previous week and lower than the anticipated 212K.
3)The US Bureau of Labor Statistics (BLS) announced the number of job openings on the last working day of March to be 8.488M, below the anticipated 8.690M mark.
4)According to Automatic Data Processing (ADP), private sector jobs in the US increased by 192K in April, slightly surpassing the projected increase of 175K jobs.
5)The US trade deficit narrowed slightly to $69.4 billion in March from an upwardly revised $69.5 billion in February. This decrease reflects a decline in both exports and imports.
6)U.S. manufacturing growth showed signs of stalling in April. Both major purchasing managers’ indexes (PMIs) dipped. The S&P Global PMI fell to 50.0, down from 51.9 in March. The ISM Manufacturing PMI also contracted, registering 49.2 compared to 50.3 in March.
7)Nonfarm Payrolls (NFP) in the US rose 175,000 in April, the US Bureau of Labor Statistics (BLS) reported on 3rd May 2024. This reading followed the 315,000 increase (revised from 303,000) recorded in March and came in below the market expectation of 243,000.
8)The jobs report showed that the U.S. Unemployment Rate edged higher to 3.9% from 3.8%, while the Labor Force Participation Rate held steady at 62.7%. Additionally, wage inflation, as measured by the change in the Average Hourly Earnings, declined to 3.9% on a yearly basis from 4.1%.
9)The ISM Services PMI in the US dropped sharply to 49.4 in April of 2024 from 51.4 in the earlier month, reflecting the first contraction in services sector activity since December of 2022, and surprising market expectations of 52.
10)US S&P Global Composite PMI declined to 50.9 in April’s flash estimate from 52.1, showing that the business activity in the US’ private sector continued to expand, albeit at a softer pace than in March. S&P Global Manufacturing PMI dropped to 49.9 from 51.9 in the same period, highlighting a contraction in the manufacturing sector’s business activity. Finally, S&P Global Services PMI edged lower to 50.9 from 51.7.
11)U.K. manufacturing activity contracted in April. The S&P Global PMI dipped to 49.1, down from 50.3 in March. This indicates a slowdown in the sector after a brief period of expansion.
12)The Eurozone Consumer Price Index (CPI) came in at 2.4% year-on-year (YoY) in April, matching both the forecast and the previous reading of 2.4%. This suggests stable inflation levels in the Eurozone.
13)Eurozone manufacturing activity contracted at a faster pace in April as the HCOB Manufacturing PMI dipped to 45.7, down from 46.1 in March.
14)The eurozone unemployment rate remained at a historic low of 6.5% in March for the fifth consecutive month. Compared with February, the number of unemployed decreased by 51k.
15)German Consumer Price Index (CPI) inflation rose to 0.5% m/m in April, up from the previous month’s 0.4% but missing the forecast 0.6%. Germany’s y/y Harmonized Index of Consumer Prices (HICP) inflation ticked higher to 2.4%, compared to the forecast hold at 2.3%.
16)China’s economic growth showed signs of moderation in April. The manufacturing PMI dipped to 50.4, down from 50.8 in March. The services sector also indicated a slowdown, with the Non-Manufacturing PMI falling to 51.2 from 53.0. This broad-based weakening is reflected in the Composite PMI Output Index, which declined to 51.7 compared to 52.7 in March.
17)China’s Caixin Manufacturing Purchasing Managers’ Index (PMI) came in at 51.4 in April, exceeding the forecast of 51.0 but slightly lower than the previous reading of 51.1. This indicates continued expansion in the manufacturing sector, albeit at a slower pace than in March.
18)Turkey’s credit rating was upgraded by S&P Global Ratings, aided by the government’s return to more orthodox policies. S&P Global has moved Turkey’s long-term sovereign rating one notch higher to B from B, with a positive outlook, according to a statement on Friday.
- May 06, 2024 07:41
Stock market live updates: Researchbytes Analyst App
https://play.google.com/store/apps/details?id=com.intelegain.rb
Conference call Replay available in Various speeds !
Researchbytes Events Update
As of 07:18 AM Friday 03 May 2024
Can set alert for them at www.researchbytes.com
10:00 AM R Systems Intl
Dial: +91 22 6280 1139
11:00 AM Blue Star
Dial: +91 22 6280 1102
Weblink: https://tinyurl.com/5dwzacam
12:00 PM KEI Industries
Dial: + 91 22 6280 1455
Weblink: https://tinyurl.com/56v9jmz2
3:00 PM RailTel Corp
Dial: +91 22 6280 1272
3:00 PM Tips Films
Dial: +91 22 6280 1550
Weblink: https://tinyurl.com/4r7y8x8s
3:30 PM Linc PenandPlas
Weblink: https://tinyurl.com/3wympmp8
4:00 PM Ceat
Dial: +91 22 6280 1149
Weblink: https://tinyurl.com/yc2598u3
4:00 PM Lloyds Metals and Energy
Dial: +91 22 6280 1224
Weblink: https://tinyurl.com/3v9sh44m
4:00 PM Godrej Prop
Dial: +91 22 6280 1302
Weblink: https://tinyurl.com/3wz6s3zm
4:00 PM Privi Speciality
Dial: +91 22 6280 1309
Weblink: https://tinyurl.com/3h68akm8
4:00 PM Ugro Capital
(Investor/Analyst Presentation)
Dial: +91 22 6280 1325
Weblink: https://tinyurl.com/bdhp8f2d
4:00 PM HSIL
Dial: +91 22 6280 1325
Weblink: https://tinyurl.com/2wr36xtk
4:00 PM Firstsource Sol
Dial: +91 22 6280 1356
4:00 PM AssocAlcohols
Dial: +91 22 6280 1557
Weblink: https://tinyurl.com/4wneubyk
4:00 PM Bharat Wire Rop
Dial: 044 7126 3432
Weblink: https://tinyurl.com/yfmbkb8e
4:30 PM South IndBk
Dial: +91 22 6280 1144
Weblink: https://tinyurl.com/muhx2dcr
4:30 PM JSW Infrastructure Ltd
Dial: +91 22 6280 1144
Weblink: https://tinyurl.com/538xp3h6
5:00 PM Titan Company
Weblink: https://tinyurl.com/27m8mvmw
5:00 PM HFCL
Weblink: https://tinyurl.com/3rxtrkbu
5:00 PM Inox Wind
(Press Release )
Dial: +91 22 6280 1144
Weblink: https://tinyurl.com/48safc2f
5:00 PM Go Fashion (India)
Dial: +91 22 6280 1309
Weblink: https://tinyurl.com/2uhbee62
5:00 PM Tatva Chintan Pharma Chem
Dial: +91 22 6807 7153
( Hosted by Isec )
6:00 PM Tata Technologi
Dial: +91 22 6280 1124
Weblink: https://tinyurl.com/3uh2vpyz
6:05 PM Inox Green Ene
Dial: +91 22 6280 1144
Weblink: https://tinyurl.com/yvb3tphp
Skipper : (replay)
https://www.researchbytes.com/webcast.aspx?WID=299324
Greenpanel Industries : (replay)
https://www.researchbytes.com/webcast.aspx?WID=299325
Adani Enterpris : (replay)
https://www.researchbytes.com/webcast.aspx?WID=299320
RamkrishnaForge : (replay)
https://www.researchbytes.com/webcast.aspx?WID=299314
Ajanta Pharma : (replay)
https://www.researchbytes.com/webcast.aspx?WID=299316
Dabur India : (replay)
https://www.researchbytes.com/webcast.aspx?WID=299323
Dhampur Sugar : (replay)
https://www.researchbytes.com/webcast.aspx?WID=299298
Federal Bank : (replay)
https://www.researchbytes.com/webcast.aspx?WID=299305
Filatex India : (replay)
https://www.researchbytes.com/webcast.aspx?WID=299304
Nuvoco Vistas C : (replay)
https://www.researchbytes.com/webcast.aspx?WID=299303
Results today …
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Recent interviews …
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- May 06, 2024 07:40
Stock market live updates: Belstar Microfinance plans IPO to raise ₹1,300 crore
Belstar Microfinance Ltd, a subsidiary of Muthoot Finance, has filed a DRHP with SEBI to raise ₹1,300 crore. The company plans to raise the funds through IPO of equity shares with a face value ₹10 each. Read more
- May 06, 2024 07:16
Stock market live updates: Aadhar Housing Finance, Indegene, TBO Tek set to drive primary market with ₹6,400 crore IPO blitz this week
The primary market is gearing up for significant activity this week, with three companies — Blackstone-backed Aadhar Housing Finance, healthcare tech firm Indegene and travel distribution firm TBO Tek — poised to float IPOs aiming to collectively raise nearly ₹6,400 crore. Read more
- May 06, 2024 07:15
Stock market live updates: BSNL should temporarily use Vodafone Idea’s 4G network for its subscribers: BSNL Employees Union
BSNL Employees Union, wrote to the Minister of Communication, suggesting that the public sector telco must be allowed to use Vodafone Idea’s 4G network temporarily to provide its own 4G services. Read more
- May 06, 2024 07:13
Stock market live updates: FMCG industry begins witnessing green shoots in rural demand recovery
FMCG industry has begun witnessing green shoots in rural demand recovery. Forecast of normal monsoons and softening of inflationary pressures bodes well for rural consumption uptick, industry players said. Read more
- May 06, 2024 07:08
Stock market live updates: Today’s Stock Recommendation: 6th May, 2024: NHPC
- May 06, 2024 07:07
Stock market live updates: Nifty and Bank Nifty Prediction for the week 06 May’24 to 10 May’24 by BL GURU
- May 06, 2024 07:06
Stock market live updates:
Instl. Investors EQUITY Cash Trades PROV. – 03/05/2024 : Rs. CRS. :
FIIS : SELL -2,392 (17,440-19,832)
DIIS : BUY +690 (13,865-13,175)
- May 06, 2024 07:05
Stock market live updates: Researchbytes Analyst App
https://play.google.com/store/apps/details?id=com.intelegain.rb
Recent Interview…
As of 18:33 PM Friday 03 May 2024
Arvind Fashions : Punit Lalbhai, ED
ET Now On The Go: Vibrant Journey Of Arvind Group, Dealing With Changing Trends & More
Blue Star: Vir Advani, MD
Blue Star: More Price Hikes On The Card?
Ceat: Arnab Banerjee, ED
CEAT Q4: ERP Expenses Impacts Q4 Profits | MD & CEO Arnab Banerjee Discusses
Ugro Capital: Shachindra Nath, Executive CMD
U Gro Looks To Raise Over ?1,300 Cr
eMudhra: Venkatraman Shrinivasan, Chairman
eMudhra: Q4 Updates, FY25 Revenue & Growth Guidance
KEI Industries: Anil Gupta, CMD
Exports Are Expected To Grow By 50% In FY25 Due To Healthy Orderbook & Inquiries: KEI Industries
Max Estates: Rishi Raj, COO
Max Estates Ltd: New York Life Insurance Invests ?388 Cr, Will Acquire 49% Stake
Coforge: Sudhir Singh, CEO
US Contribution To Revenue Will Increase To 55% From 48% After Cigniti Acquisition: Coforge
Coforge: Sudhir Singh, CEO
Coforge Q4, Orderbook Update & Deal Pipeline
Neogen: Harin Kanani, Joint MD
Non-Battery Biz Should See Revenue Of ?1,000 Cr By FY26: Neogen Chemicals
Events today…
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Results today…
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Replays available at www.researchbytes.com
- May 06, 2024 07:04
Stock market live updates: Markets at close last week
Closing Bell:
* Sensex: 73878.15(-732.96)
* Nifty 50: 22475.85 (-172.35)
* Nifty bank: 48923.55 (-307.50)
Nifty top 5 Gainers:
* Coal India: 474.60 (+20.70)
* Grasim: 2,481.35(+44.00)
* ONGC: 286.10(+ 3.30)
* Hindalco: 647.10(+5.65)
* Apollo Hospital: 6,009.60 (+51.05)
Nifty top 5 losers:
* Larsen: 3,499.80( -99.70 )
* Maruti Suzuki: 12,492.15 (-313.20)
* Nestle: 2,456.10(-56.20 )
* Reliance: 2,868.00 (-65.10 )
* Bharti Airtel: 1,277.40(-26.65)
- May 06, 2024 07:01
Stock market live updates: Stock to buy today: NHPC (₹99.20): BUY
The short-term outlook is bullish for NHPC. The stock has formed an inverted head and shoulder pattern. This is a bullish pattern. Also, the rise since mid-March this year has been happening in a bull channel. Strong support is around ₹95. Read more
- May 06, 2024 06:45
Stock market live updates: Index Outlook: Sensex, Nifty 50: Near-term outlook is weak
Nifty 50 and Sensex broadly remained higher, but stable until Friday. The indices witnessed a sharp fall on Friday giving back almost all the gains. The Nifty Bank index, on the other hand, was under pressure in the second half of the week after rising in the first half. It also fell sharply on Friday giving back half of the gains made during the week. Nifty Bank index looks weak to fall more from here, whereas the Nifty is slightly unclear. It could go either way within a broad range. Read more
- May 06, 2024 06:41
Stock market live updates: Ready to conclude RCap deal post IRDAI approval: Ashok Hinduja
Reiterating that IndusInd International Holdings Limited (IIHL) is ready and committed to concluding the long-drawn Reliance Capital acquisition, Ashok Hinduja, Chairman, IIHL said the company will close the transaction as per slated timelines once the go-ahead from IRDAI, the insurance regulator comes through. “If you ask me, are we ready for the May 27, we are ready for even on May 15,” he affirmed. Read more
- May 06, 2024 06:36
Stock market live updates: RBI asks fintechs not to pursue blistering growth
After asking banks and non-banking finance companies to take a calibrated approach to growth, the Reserve Bank of India has signalled fintechs to tamp down. Read more
- May 06, 2024 06:35
Stock market live updates: IOB plans to sell 92 NPA loans for a total outstanding of ₹13,472 crore
Indian Overseas Bank plans to sell 92 NPA loans, totalling ₹13,472 crore, in two lots through e-auction under the open auction method as part of its NPA reduction exercise. The bank has published a sales notification on its website for these loans. Read more
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