Stock Market Live Updates 13 May 2024: Sensex, Nifty set to open with a focus on inflation data and earnings reports

May 13, 2024
stock-market-live-updates-13-may-2024:-sensex,-nifty-set-to-open-with-a-focus-on-inflation-data-and-earnings-reports

Updated – May 13, 2024 at 07:52 AM.

Sensex, Nifty, Share Prices LIVE: The Indian domestic markets are expected to open cautiously on Monday amidst weak global signals. Analysts predict a volatile market, especially in mid- and small-cap sectors. The unending selling by foreign portfolio investors and increasing VIX levels are expected to pose challenges for the market. Traders are advised to adjust their positions accordingly, restricting long positions to sectors showing strength amidst the downturn. Key companies such as DLF, Zomato, Bharti Airtel, and Mahindra & Mahindra are scheduled to announce their earnings.Last week, the BSE benchmark fell by 1,213.68 points or 1.64%, with HDFC Bank and LIC among the hardest hit. Asian stocks opened lower this week due to concerns about China’s economy and US-China trade relations, with declining Australian and Japanese markets.

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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 13 May 2024.

ALL UPDATES

  • May 13, 2024 07:51

    Stock Recommendations: RVNL, IRCON, HAL, PFC, REC, Powergrid, NTPC, NHPC et al.— Is the PSU rally structural or momentum?

    PSU stocks were amongst the best performers of FY24, rallying 88 per cent (BSE PSU) compared to Nifty-50’s 20 per cent returns. The reasons ascribed for the rally range from the last bastions of value to structural changes, which have changed the earnings trajectory for the good. Though much of the structural changes were planned much before FY23-24, the perceptible change in earnings growth, return metrics and improved leverage ratios have powered the rally in the last year.

  • May 13, 2024 07:51

    Stock Recommendations: Fiem Industries, Linde, Hitachi, Greenpanel, Heritage Foods et al. – Why Balaji Vaidyanath of NAFA Asset Managers is betting on these and other mid-cap and small-cap stocks

    During a relaxed two-hour meeting over lunch in Chennai recently, Balaji Vaidyanath, CEO and CIO of NAFA Asset Managers explains his investment approach and philosophy. NAFA runs three PMS schemes currently. He manages assets in excess of ₹1,150 crore. Edited excerpts from the conversation:

  • May 13, 2024 07:49

    Stock Recommendations: Bharti Airtel: Here is why investors can take some chips off the table?

    At bl.portfolio, we had held a positive view on Bharti Airtel (Airtel) for the last three years, since our buy recommendation in our edition dated April 11, 2021, when the stock was trading at ₹533. In our follow-up updates too during this period, we had recommended that investors continue to accumulate/hold the shares, given favourable company-specific and industry factors at play.

    However, we are now shifting to a cautious stance on the stock, purely on valuation. From a valuation perspective, the one-year forward EV/EBITDA for Bharti Airtel has expanded from 8 times in April 2021, to 10.6 times as against the five-year average valuation of around 8.9 times. Stretching beyond this multiple may be challenge for telecom stocks, except when in the midst of a turnaround.

  • May 13, 2024 07:48

    Stock Market Live Today: Dividend Dates

    Ex-Dividend 14 May 2024 (Tomorrow) 

    Last date for Cum-Dividend Today 

    Godrej Consumer Products Ltd. 

    Dividend Per Share Rs.10 

    Previous day Closing Price – Rs. 1320.95 

    Gravita India Ltd. 

    Dividend Per Share Rs.5.2 

    Previous day Closing Price – Rs. 910 

    Omax Autos Ltd. 

    Dividend Per Share Rs.1 

    Previous day Closing Price – Rs. 131.5

  • May 13, 2024 07:43

    Stock Market Live Today: Pre-Opening: Downtrend to persist for Nifty, Sensex

    Domestic markets are poised to open cautiously on Monday, reflecting a weak global signal. Analysts anticipate a volatile market, particularly in the mid- and small-cap sectors. The unrelenting selling by foreign portfolio investors is expected to pose a challenge for the market. Of particular concern is the VIX, which has now surpassed 18, a significant threshold that signals market nervousness and should be carefully considered by investors.

    Gift Nifty at 22,090 against Nifty May futures value of 22,140 indicates a downward bias. Equities across Asia-Pacific region are down in early deals on Monday due to weak China.

  • May 13, 2024 07:26

    Stock Market Live Today: Stocks that will see action today: May 13, 2024

    Buzzing Stocks: Zomato, HUDCO, ICICI Bank, Infosys, Wipro, RailTel, Aurobindo Pharma, Lancor Holdings, SAL Steel, Flair Writing, ATV Projects, Yatharth Hospitals 

  • May 13, 2024 07:14

    Stock Market Live Today: Welspun Corp bags new export order worth Rs 611 crore

    Welspun Corp received new export order worth Rs 611 Crore for supply of LSAW Pipes, Coating and Bends in Latin America

  • May 13, 2024 07:13

    Today’s Stock Recommendation: 13 May 2024

    Here’s an interesting stock idea: The stock that we have today is Union Bank of India. So far this month, it has lost nearly 8 per cent. But the scrip is now trading near the bottom of a range and could see a rebound in price. Check out the latest episode of Today’s Pick to learn more.

  • May 13, 2024 07:06

    Stock Recommendations: NirmalBang: Bajaj Hindusthan Sugar Ltd. | CMP Rs. 32 | M Cap Rs. 4088 Cr | 52 W H/L 41/13

    (Nirmal Bang Retail Research)

    Result is declining

    Revenue from Operations came at Rs. 1870.3 Cr (7.4% QoQ, -8.9% YoY) vs QoQ Rs. 1740.6 Cr, YoY Rs. 2053.9 Cr

    EBIDTA came at Rs. 169.8 Cr (53.4% QoQ, -24.6% YoY) vs QoQ Rs. 110.7 Cr, YoY Rs. 225 Cr

    EBITDA Margin came at 9.1% vs QoQ 6.4%, YoY 11%

    Adj. PAT came at Rs. 90.8 Cr vs QoQ Rs. 20.3 Cr, YoY Rs. 130.9 Cr

    Quarter EPS is Rs. 0.7

    Stock is trading at P/E of -47.3x TTM EPS

  • May 13, 2024 07:06

     Stock Recommendations: NirmalBang: Venky’S (India) Ltd. | CMP Rs. 1865 | M Cap Rs. 2627 Cr | 52 W H/L 2315/1530

    (Nirmal Bang Retail Research)

    Result has improved

    Revenue from Operations came at Rs. 895.9 Cr (-6% QoQ, -14.1% YoY) vs QoQ Rs. 953.2 Cr, YoY Rs. 1042.5 Cr

    EBIDTA came at Rs. 50 Cr (-793.9% QoQ, 47.1% YoY) vs QoQ Rs. -7.2 Cr, YoY Rs. 34 Cr

    EBITDA Margin came at 5.6% vs QoQ -0.8%, YoY 3.3%

    Adj. PAT came at Rs. 33.5 Cr vs QoQ Rs. -7.9 Cr, YoY Rs. 25.2 Cr

    Quarter EPS is Rs. 23.8

    Stock is trading at P/E of 33.2x TTM EPS

  • May 13, 2024 07:05

    Stock Market Live Today: Key market data

    May 10, 2024

    BSE:+260(72664)

    NSE:+97(22055)

    BNF:-66(47421)

    MID:+331(41027)

    SML:+359(45396)

    FII|FPI:(-2117.50Cr)

    DII:+2709.81Cr

    B.Crude: 84

    Gold$:2374=INR: 72784

    Silver: 85461

    $/Rs: 83.50

    7.18 : 2033 G-Sec: 7.12 (7.13 prv)

    NSE PE: 21.33

    VIX: 18.47 +0.27 (1.50%)

    FIIs – FY24-25

    MTD: (-24975.50Cr)

    YTD: (-60667.69Cr)

    DIIs – FY24-25

    MTD: +19410.00Cr

    YTD: +63596.28Cr

  • May 13, 2024 07:04

    Stock Recommendations: MNCL- VIP Industries – Q4FY24- Strong recovery in topline, operating performance disappoints – First Cut- CMP-531-Market Cap-75,373mn

    The company reported revenue growth of 14.6% YoY (-5.5% QoQ) to Rs. 5,163mn

    Gross margins for the quarter stood at 50.1% vis-à-vis 57.9% YoY (-580bps QoQ) (decline on account of reduced share of Bangladesh business), resulting in OPM of 1.5% as against 14.3% YoY (9.6% QoQ). Lower gross margins coupled with an increase in other expenses (32% YoY on account of increased ad spends and E-commerce expenses ) impacted overall margins. EBITDA for the quarter stood at Rs.78mn a decline of 88% YoY (-85% QoQ)

    The company posted a net loss of Rs.239mn as against net loss of Rs.43mn (adjusted PAT of Rs.430mn YoY). 

    We currently have a BUY rating stock with a Target price of Rs 630, and we will reassess our TP post company’s earnings call today at 5pm

    — Monarch Networth

  • May 13, 2024 07:03

    Stock Market Live Today: Recent Interview As of 18:31 PM Friday 10 May 2024

    Asian Paints: Amit Syngle, MD & CEO

    Volume Growth For The Company Has Been Better Than The Industry: Asian Paints

    Asian Paints: Amit Syngle, MD & CEO

    Asian Paints: Price Cuts Impacted Q4 Numbers, What’s The Strategy To Double The Growth

    Alembic Pharma: Pranav Amin, MD

    Us Biz Grew 19% YoY In Last Quarter & Will Grow In Double-Digits Going Forward: Alembic Pharma

    CAMS: Anuj Kumar, CEO

    Mutual Fund Business To Grow At 15% And Non-Mutual Fund At 20% In FY25: CAMS

    Escorts: Bharat Madan, CFO

    Margin For Tractor Business Will Continue To Be In The 13-14% Range: Escorts Kubota

    Gopal Snacks: Mukesh Kumar Shah, Chief Financial Officer

    Weak Q4 For Gopal Snacks | What’s Driving Gopal Snacks’ Recovery And Growth?

    IOB: Ajay Kumar Srivastava, MD & CEO

    Loan Growth Will Be Maintained In The Range Of 13-14% For FY25: Indian Overseas Bank

    Larsen: R Shankar Raman, CFO

    International Is Now 40% Of Orderbook Vs 20% Earlier; There Are Opp In India, West Asia: L&T

    Larsen: R Shankar Raman, CFO

    L&T FY25: Expecting First Electrolyser Order In FY25, Company Planning To Grow Globally In Future

    PNB: Atul Kumar Goel, MD & CEO

    Board Has Approved Fund Raising Of ?17,500 Crore For The Current Fiscal: Punjab National Bank

    Events today…

    Results today…

    Replays available at www.researchbytes.com

  • May 13, 2024 07:00

    Stock Market Live Today: Nifty Prediction for May 13 to 17

    #niftyanalysis#Nifty and #NiftyBank index fell sharply last week as expected. Also, as expected, the #DowJones outperformed the Indian markets by surging over 2 per cent last week. The #DowJones continue to remain bullish and can rise more. But the #Nifty and #NiftyBank index are poised near a very crucial supports. They have to sustain above their supports and get a strong follow-through rise from here to avoid more fall. As such the price action this week is going to be very very important for the Indian benchmark indices.

  • May 13, 2024 06:58

    Stock Market Live Today: Economic Calendar – 13.05.2024  

    17:30 India CPI Inflation y/y (Expected: 4.8% versus Previous: 4.85%) 

    18:30 U.S. FOMC Members Jefferson and Mester Speaks

  • May 13, 2024 06:58

    Stock Market Live Today: Major U.S. listed stocks result calendar 13.05.2024 

    Tencent Music Entertainment Group (Pre market) (Sector- Media)

    Legend Biotech Corporation (Pre market) (Sector- Healthcare)

    Petroleo Brasileiro S.A.- Petrobras (Post market) (Sector- Energy)

  • May 13, 2024 06:58

    Stock Market Live Today: Securities in F&O Ban For Trade Date 13-May-2024  

    * BALRAMCHIN

    * CANBANK

    * GMRINFRA

    * HINDCOPPER

    * PNB

    * VODAFONE IDEA

    * SAIL

    * ZEEL

  • May 13, 2024 06:54

    Stock Market Live Today: Hinduja Group gets IRDAI approval for Reliance Capital acquisition

    Hinduja Group’s IndusInd International Holdings (IIHL) on May 10 received the long-awaited Insurance Regulatory and Development Authority of India’s approval for the acquisition of Reliance Capital.

    The acquisition will include the takeover of Reliance Capital’s insurance arms — wholly-owned subsidiary Reliance General Insurance and 51:49 JV with Nippon Life, Reliance Nippon Life Insurance.

  • May 13, 2024 06:51

    Stock Market Live Today: IOC, BPCL, HPCL post ₹81,000 crore record profit in FY24

    State-owned fuel retailers Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd reported bumper profits totalling about ₹81,000 crore in FY24, which far exceeded their annual earning in pre-oil crisis years.

    The combined standalone net profit of IOC, BPCL and HPCL in April, 2023 to March, 2024 (FY24) was better than their annual earning of ₹39,356 crore in pre-oil crisis years, regulatory filings by them showed.

    All the three companies posted the highest ever standalone as well as consolidated net profit in FY24.

  • May 13, 2024 06:49

    Stock Market Live Today: FPIs withdraw ₹17,000 crore from equities in May on political uncertainty amid general election

    Foreign investors pulled out a massive ₹17,000 crore from Indian equities in the first 10 days of the month owing to the general election and the uncertainty surrounding its outcome coupled with expensive valuations and profit booking.

    This was way higher than a net withdrawal of ₹8,700 crore, in the entire month of April on concerns over a tweak in India’s tax treaty with Mauritius and a sustained rise in US bond yields.

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