Stock Market LIVE: GIFT Nifty in red amid weakness among Asian indices

Stock market LIVE updates, Monday, May 13, 2024: Tata Motors (down 8 per cent), JSW Steel, Power Grid, M&M, Bharti Airtel, Reliance Industries were the top laggards

Stock Market LIVE: Sensex slides 400 pts, Nifty near 21,950; TaMo drops 7%, Bank of India 10%

Stock market LIVE updates on Monday, May 13: Indian benchmark indices — S&P BSE Sensex, and Nifty50 — started on the backfoot on Monday. The 30-stock BSE benchmark was quoting at 72,138, down 525 points or 0.72 per cent, while the NSE frontline index dropped below the 21,950-level.

Tata Motors (down over 7 per cent), JSW Steel, Power Grid, M&M, Bharti Airtel, Reliance Industries, Tata Steel, and Maruti Suzuki were the top laggards on the bourses, capping upside.

Meanwhile, in the broader market, the S&P BSE MidCap, and SmallCap indices slipped over 1 per cent each.

Among sectors, the Nifty Auto index shed 2 per cent, followed by the Nifty Metal index (down 0.6 per cent). On the upside, the Nifty Pharma gained 0.8 per cent.

New listing

Shares of Indegene will debut on the stock markets on Monday, May 13.

The company has fixed the issue price as Rs 490. The grey market premium (GMP), meanwhile, stands at Rs 290, suggesting a listing gain of over 60 per cent.

9:42 AM

Bank of India tanks 10%

9:40 AM

VIX Alert :: India VIX jumps 14% as selling intensifies

9:27 AM

Tata Motors falls 7%

9:25 AM

Nifty Auto, Metal, PSU Bank lead sectoral losses on NSE

9:23 AM

Broader market check

9:21 AM

Heatmap: Tata Motors, M&M top losers in opening deals

9:20 AM

Cipla, Britannia top gainers on Nifty 50

9:18 AM

Opening bell: Nifty 50 below 22k

9:16 AM

Opening bell: Sensex falls over 150 points to 72,503

9:10 AM

Pre-open: Nifty 50 fell 27 points at 22,097 levels

9:08 AM

Pre-open: Sensex down 180 points to 72,476

9:04 AM

Rupee flat at $83.50

9:01 AM

New Listing :: Indegene to make stock market debut today

>> Issue price fixed at Rs 490

>> GMP today: Rs 290

8:56 AM

Results today :: These companies will report their March quarter results on Monday

Aarti Pharmalabs, Aditya Birla Capital, Alembic, Bombay Burmah Trading Corp, BLS E-Services, Cera Sanitaryware, Chalet Hotels, DLF, Ethos, Electrosteel Castings, GIC Housing Finance, INOX India, Jindal Steel and Power, C.E. Info Systems, Sanofi India, Tube Investments of India, UPL, Varun Beverages, and Zomato

8:50 AM

ALERT :: VA Tech Wabag bags order worth $49 million from Kathmandu Upatyaka Khanepani

Don’t miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 13 2024 | 7:49 AM IST