Stock market live updates 14 May 2024: Asian stocks trade mixed; investors await US inflation data

May 14, 2024
stock-market-live-updates-14-may-2024:-asian-stocks-trade-mixed;-investors-await-us-inflation-data

Updated – May 14, 2024 at 07:55 AM.

Sensex, Nifty, Share Prices LIVE: Asian stocks had a mixed trading session on Tuesday following a varied performance on Wall Street. Japan’s Nikkei 225 index rose by 0.47%, while the broader Topix index gained 0.41%. South Korea’s KOSPI traded flat, and Australia’s S&P ASX100 weakened. Investors are awaiting US inflation data for April, with the producer price index (PPI) due on Tuesday and the consumer price index (CPI) on Wednesday, to gauge the Federal Reserve’s future monetary policy moves. On Monday, the S&P 500 ended nearly unchanged, the Nasdaq Composite gained, and the Dow Jones Industrial Average fell.

Candle stick graph chart with indicator showing bullish point or bearish point, up trend or down trend of price of stock market or stock exchange trading, investment and financial concept. thin focus. istock photo for BLCandle stick graph chart with indicator showing bullish point or bearish point, up trend or down trend of price of stock market or stock exchange trading, investment and financial concept. thin focus. istock photo for BL | Photo Credit: pookpiik

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 14 May 2023

ALL UPDATES

  • May 14, 2024 07:46

    Stock Recommendations: Home First Finance (HOME.NS): Initiating LONG FAST

    Investec

    The recent fall in price provides an attractive buying opportunity. We believe the market is reacting to a) the increase in the BT out rate and b) 40bps QoQ NIM decline. However, HFFC continues to outperform peers on growth and profitability — AUM growth of 35% with RoA/RoE of 3.6%/16.1% with stable asset quality for Q4. The 40bps QoQ margin decline is not a true reflection of profitability as it is linked to an increase in leverage and balance sheet liquidity. Spread declined 10bps QoQ. We view HFFC as the most scalable affordable HFC with a business model that is replicable on a pan-India basis. With AUM at just ~Rs100bn, there is a long growth runway. Valuations are now attractive at 2.4x FY265E P/B. BUY.

  • May 14, 2024 07:46

    Stock Market Live Today: Recent Interview as of 17:53 PM Monday 13 May 2024

    ABB India: TK Sridhar, CFO

    ABB India Q1CY24 Results: Strong Beat, Sharp Uptick In Q1 Margins |

    Aarti Ind: Rashesh Gogri, VC&MD

    We Will Continue To Maintain FY25 EBITDA Guidance of ?1,450-1,700 Crore: Aarti Industries

    Bank of India: Rajneesh Karnatak, MD CEO

    Agriculture & MSME Contributed To Over 50% Of Q4 Slippage: Bank of India

    CCL Products: Challa Srishant, MD

    Expect The Domestic Brand Business To Move To ?350-400 Cr In FY25: CCL Products India

    Dr Lal PathLab: Om Prakash Manchanda, CEO

    Aspiration Is To Grow In Double Digit With Margin At 26% In FY25: Dr Lal Pathlabs

    Dr Lal PathLab: Shankha Banerjee, Group CEO

    Dr Lal Pathlabs: Improvement In Revenue Mix, Company’s Plan To Achieve Double Digit Growth In FY25?

    Finolex Ind: Ajit Venkataraman, MD

    See Further Improvement In Margin Going Forward: Finolex Industries

    GE Shipping: G Shivakumar, ED & CFO

    Improvement In Rates Would Flow To Bottomline For Offshore Biz: GE Shipping

    Intellect Design: Arun Jain, CMD

    GeM Contract Contributed To Revenue, But Had Low Margin: Intellect Design Arena

    Intellect Design: Arun Jain, CMD

    Intellect Design Arena’s Q4 Performance & FY25 Outlook: What Factors Are At Play & What Lies Ahead?

    Events today…

    Results today…

    Replays available at www.researchbytes.com

  • May 14, 2024 07:44

    Stock Market Live Today: Fund Flow Activity: 13 May 2024

    Provisional Cash Rs. In Crs.

    FII/FPI: NET SELL: -4498.92 

    (10309.45 – 14808.37) 

    DII: NET BUY: +3562.75 

    (12655.75 – 9093)

  • May 14, 2024 07:42

    Stock Market Live Today: Stock Recommendations: Bernstein raised Zomato price target to ₹230 (earlier ₹200), implying a 17% upside. Outperform. Top Pick.

  • May 14, 2024 07:39

    Stock Market Live Today: Retail inflation hits 11-month low of 4.83% in April

    Retail inflation in the country hit a 11-month low in April 2024 at 4.83 per cent, slightly lower than the March 2024 print of 4.85 per cent.

    The latest consumer price index (CPI)-based inflation print is, however, higher than the April 2023 level of 4.70 per cent, data released by the Ministry of Statistics & Programme Implementation (MOSPI) showed.

    A comforting factor is that the ongoing seven-phased General Elections has so far had no impact on the headline inflation number, although this was a concern at some point of time.

  • May 14, 2024 07:23

    Stock Market Live Today: Researchbytes Events Update As of 07:06 AM Tuesday 14 May 2024

    10:00 AM Tube Investment

    Dial: +91 22 6280 1259

    10:30 AM Cera Sanitaryware

    (Press Release )

    Dial: +91 22 6280 1141

    11:00 AM Neuland Lab

    11:00 AM Nelcast

    Dial: +91 22 6280 1107

    11:00 AM Chalet Hotels

    Dial: +91 22 6280 1436

    11:30 AM Hi Tech Pipes Limited

    Dial: +91 22 6280 1525

    2:00 PM Menon Bearings

    2:30 PM Devyani Internt

    Dial: +91 22 6280 1141 

    3:00 PM Yasho Industrie

    Dial: +91 22 6280 1550

    3:00 PM Ganesh Housing

    Dial: +91 22 6280 1557

    ( Hosted by Go India Advis )

    3:30 PM Apar Ind

    Dial: +91 22 6280 1174

    4:00 PM Zydus Wellness

    Dial: +91 22 6280 1144

    4:00 PM Matrimony.com

    Dial: +91 22 6280 1144 

    4:00 PM Bajaj Electric

    Dial: +91 22 6280 1148

    4:00 PM Sharda Crop

    Dial: +91 22 6280 1342

    4:00 PM Siyaram

    (Results)

    Dial: +91 22 6280 1550

    4:00 PM Ganesh Housing

    Dial: +91 22 6280 1557

    4:00 PM J. K. Cement

    Dial: 91226280 1143

    4:30 PM DLF

    (Press Release )

    4:30 PM AIA Engineering

    Dial: +91 22 6280 1282

    5:00 PM Jubilant Ingrev

    Dial: +91 22 6280 1141

    Karur Vysya Bank : (replay)

    Inox India Ltd : (replay)

    Control Print : (replay)

    Ethos Limited : (replay)

    AB Capital : (replay)

    SMC GLOBAL SECU : (replay)

    SPENCER : (replay)

    Electrosteel : (replay)

    Fine Organics : (replay)

    Sutlej Textiles : (replay)

    Results today …

    Recent interviews …

    Replays available at www.researchbytes.com

    Can set alert for them at www.researchbytes.com

  • May 14, 2024 07:16

    Stock Market Live Today: Securities in F&O Ban For Trade Date 14-May-2024  

    * BALRAMCHIN

    * CANBANK

    * GMRINFRA

    * HINDCOPPER

    * PEL

    * PNB

    * VODAFONE IDEA

    * SAIL

    * ZEEL

  • May 14, 2024 07:10

    Stock Recommendations: IIFL on Bank of Baroda – Upgrade to BUY on attractive relative valuations

    1) BOB’s 4Q PAT was 8%/10% ahead of Consensus/IIFLe led by better NIM, healthy fee income and non-II.

    2) Loan growth of 4% QoQ/ 12.5% YoY was broad based. Deposit growth picked up (7% QoQ) led by international deposits (11% QoQ), driving 2ppt improvement in LDR to 80%. With limited room to increase LDR, we build ~12% loan Cagr over FY25-27.

    3) Adj. NIMs widened 5bps QoQ led by loan yield expansion and drawdown of excess LCR (121% now), which was partly offset by 10bps increase in CoD. We expect stable NIM in the near-term due to limited residual deposit re-pricing, and slower NIM compression in a rate-cut cycle due to the highest share of MCLR linked loan book (50%).

    4) Despite higher slippages in MSME and Agri, GNPA ratio improved 16bps QoQ on the back of better recoveries/upgrades. FY24 credit cost of 60bps was higher, as it fully provided for Go First exposure (18bps impact), and is confident of recovery given that it’s fully collateralised and one-third is government guaranteed. We expect credit cost to normalise to avg. 80 bps over FY25-27.

    5) We raise our est. by 7-9% and TP to Rs300 (18% upside) based on 1.1x FY26 P/B. Upgrade the stock to BUY as it is trading at 40% discount to SBI, despite similar profitability (avg. ROA/ROE of 1%/14% over FY25-26.

  • May 14, 2024 07:09

    Stock Market Live Today: Major U.S. listed stocks result calendar 14.05.2024 

    Home Depot, Inc. (The) (Pre market) (Sector- Construction)

    Alibaba Group Holding Limited (Pre market) (Sector- Technology)

    Sony Group Corporation (Pre market) (Sector- Technology)

    Sea Limited (Pre market) (Sector- Technology)

    On Holding AG (Pre market) (Sector- Textile)

    Alcon Inc. (TENT) (Sector- Healthcare)

  • May 14, 2024 07:08

    Stock Market Live Today: Economic Calendar – 14.05.2024

    11:30 U.K. Claimant Count Change (Expected: 13.9K versus 10.9K)

    12:00 INDIA WPI Inflation y/y (Expected: 0.70% versus 0.53%)

    18:00 U.S. PPI m/m (Expected: 0.30% versus 0.20%)

    19:30 U.S. Fed Chair Powell Speaks

    Economic Calendar – 15.05.2024

    Hong Kong and Korea @ Market Holiday

    14:30 EURO Final GDP q/q (Expected: 0.30% versus 0.30%)

    18:00 U.S. CPI m/m (Expected: 0.40% versus 0.40%)

    18:00 U.S. Retail Sales m/m (Expected: 0.40% versus 0.70%)

  • May 14, 2024 07:04

    Stock Market Live Today: Video: Today’s Stock Recommendation: May 14, 2024

    Here’s an interesting stock idea: The stock that we have today is Grasim Industries. After hitting a record high last week, the scrip saw a decline in price. But it is now trading near a support and could see a recovery.

  • May 14, 2024 07:02

    Stock Market Live Today: Trading Guide for May 14, 2024: Intraday supports, resistances for Nifty50 stocks

    Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI

  • May 14, 2024 06:47

    Stock Market Live Today: Stock to buy today: Grasim Industries (₹2,383.60)

    Grasim Industries’ hit a record high of ₹2,500 last week. But then it changed direction and moved south over the past few sessions. Nevertheless, the broader trend is bullish and is now hovering around the 20-day moving average support. 

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