Stock Market Live: Sensex up 350 points, Nifty 50 above 18,400, Hindalco, Reliance top gainers

12:56:37 IST

Zee Entertainment Share Price Update | Big Relief From NCLAT

12:54:17 IST

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Nucleus Software Share Price Update | Stock Up 20% Post Q4

– Net profit up 76.5 percent at Rs 67.6 crore Vs Rs 38 crore (QoQ)

– Revenue up 21.8 percent at ₹206.2 crore Vs ₹169.3 crore (QoQ)

– EBITDA up 72.9 percent at ₹82.8 crore Vs ₹47.9 crore (QoQ)

– EBITDA Margin at 40.2 percent Vs 28.3 percent (QoQ)

– Shares are locked in an upper circuit of 20 percent at Rs 809.30

– Stock is at a 52-week high

12:47:23 IST

Share Market Update | Top Stocks To Buy/Sell

Here are two recommendations by Prakash Gaba of

Buy Axis Bank for a target of Rs 930-940 with a stop loss at Rs 920 

Buy Bajaj Finance for a target of Rs 7,000 with a stop loss at Rs 6,850 

12:35:02 IST

ITD Cementation | ITD Cementation revenue, profit and order inflow at record high in FY23 – Shares near 52-week high

Shares of ITD Cementation India Ltd. surged 5.5 percent on Friday to trade near its 52-week high after the company reported record revenue, net profit and order inflow for financial year 2023. (Read more)

12:23:56 IST

Sun Pharma Q4 | Nifty 50 company to report Jan-March quarter results 

12:16:46 IST

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Varun Beverages overtakes Britannia in terms of market capitalisation, becomes fourth largest FMCG firm

11:56:33 IST

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Grasim Share Price | Shares down ahead of earnings

11:47:41 IST

Nalco Share Price | Nalco shares are up 6%

Recovers yesterday’s gains, stock up after falling for three days

Share up 15 percent in one month, 2.4 percent in 2023

11:40:38 IST

Stock Market Live | Top Stocks To Buy/Sell

Here are two recommendations by technical analyst, Mitessh Thakkar 

Buy Hindustan Copper for a target of Rs 112 with a stop loss at Rs 103 

Buy LTI Mindtree for a target of Rs 5,075 with a stop loss at Rs 4,920 

11:39:24 IST

Gold, Silver at two month low, markets pricing 50% chance of 25bps rate hike

Gold down two percent this week

Silver down five percent this week

US nears debt ceiling deal

US jobless claims rise moderately

Markets pricing 50 percent chance of 25bps rate hike

Strength in USD, Treasury yields  

US Q1 GDP revised high 

BOE and ECB expected to further hike rates

11:33:20 IST

MedPlus Share Price | MedPlus shares see best day since listing post Q4 beat – Stock back above IPO price

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11:29:49 IST

Will have exports worth Rs 450 crore in FY25: Mayur Uniquoters’ Suresh Kumar Poddar 

“FY24 we hope to reach up to Rs 300 crore in exports and this is maybe 2-4 percent plus or minus. We have given this figure with the requirement given to us by the automotive industry for which we have been allotted the business. It is not that the will be coming. I hope to have at least Rs 300 crore in 2023-2024 and in 2024-2025 I expect more than Rs 450 crore in exports – automotive exports as well as general exports. We are exporting all over the world,” says Suresh Kumar Poddar, CMD & CEO, Mayur Uniquoters. 

11:28:56 IST

Expect 18% growth in sales, automotive industry is doing very well: Mayur Uniquoters’ Suresh Kumar Poddar 

“So far sales growth is concerned in 2023-2024, we expect 18 percent growth in sales and because the automotive industry is doing very good, our outlook for profit is also better. Automotive industry exports, which we do, is increasing highly and because of that there is growth,” says Suresh Kumar Poddar, CMD & CEO, Mayur Uniquoters. 

11:26:29 IST

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Star Health Share Price | Star Health and Allied Insurance shares fall

1.1 crore or 1.9 percent equity worth Rs 594.5 crore changed hands at Rs 550 per share. 

11:20:17 IST

Nifty PSU Bank | Index trading 1% higher, all 12 index stocks advance

Canara Bank (+2.5%), PSB (+1.8%) and Bank of Baroda (+1.5%) top gainers

11:13:17 IST

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Market Update | Sensex up 250 points, Nifty 50 above 18,400

10:55:58 IST

Praj Industries | Orderbook is healthy as we enter FY24: Shishir Joshipura of Praj Industries

10:49:18 IST

SAIL Share Price | SAIL shares drop after higher costs impact March quarter margin

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10:45:03 IST

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ONGC Share Price | Shares fall ahead of earnings, top Nifty 50 loser

10:40:38 IST

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Reliance Industries Share Price | Stock contributing 38.7 points to the upside, top contributor

10:33:27 IST

Reliance Industries Share Price | Stock up 2%, top Nifty 50 gainer 

RIL shares are trading two percent higher. 

FMCG arm of Reliance Retail, Reliance Consumer Products completes acquisition of 51 percent controlling stake in Lotus Chocolate Company. 

Acquisition for Rs 74 crore. 

Disclaimer: Network18, the parent company of, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

10:24:16 IST

Zee Entertainment Share Price | Shares Rise 2% After Earnings

– Shares of Zee Entertainment rise after the company’s earnings


If the Zee-Sony consolidates, combines, and then can be a major force to reckon with, says Amisha Vora of Prabhudas Lilladher

– Amisha Vora sees a range of Rs 250 – 280 on the stock

– In case the merger does not go through, it could fall to Rs 140 – Rs 150

10:12:22 IST

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Prince Pipes Share Price Update | Stock Up 5% Post Earnings

– Shares rise despite revenue declining by 15 percent from last year

– Volumes also dropped by 2.1 percent year-on-year

– However, gross profit margin expanded to 33 percent from 27 percent

– EBITDA margin expanded to 19.4 percent from 15.6 percent

– Stable input costs and better product mix aided margin expansion

– Shares are trading 5.4 percent higher at Rs 617

09:51:24 IST

Stock Market Live | Shares of Page Industries fall 12%

The shares of Page Industries are trading 12.4 percent lower

Shares hit 52-week low of Rs 34,952.6

Net profit down 59 percent at Rs 78 crore

Revenue down 12.8 percent at Rs 969.09 crore 

Ebitda down 49.7 percent at Rs 134.33 crore 

Ebitda margin at 13.9 percent vs 24 percent 

Announced dividend of Rs 60 per equity share

09:47:19 IST

Share Market Live | Vodafone Idea shares up 1%

The shares of the telecom operator are trading 1.4 percent higher. VI narrowed loss to Rs 6,413.8 crore in the Jan-March quarter, against a loss of Rs 7,990 crore in the previous quarter. Consolidated revenue fell 0.8 percent sequentially to Rs 10,531.9 crore. The company’s consolidated EBITDA rose 0.7 percent for the quarter under review.

09:42:36 IST

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Market Update | Here’s how the Nifty sectoral indices are performing 

09:33:43 IST

Stock Market Live | TVS motor hits all time high 

The shares gain over half a percent to hit all time high of Rs 1,292 apiece

TVS Motor stock up 19 percent in 2023

Stock is up 13 percent in May so far

09:24:25 IST

Market Open | NTPC, Adani Enterprises, Tech Mahindra, top Nifty 50 gainers

The Nifty index is trading at 18,343.8. 

32 constituent stocks advance

NTPC (+1.3%), Adani Enterprise (+1%), Tech Mahindra (+0.8%) are the top gainers

Grasim (-1%), Eicher Motors (-0.8%), Axis Bank (-0.5%) are the top losers

09:15:59 IST

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Market Open | Sensex, Nifty 50 open higher led by financials 

09:05:06 IST

Rupee Check | Rupee opens one paise higher from previous close vs dollar

The rupee opens at 82.73 vs the US dollar. The currency ended at 82.74 vs greenback on Thursday.