Stock Market Live: Sensex up 200 points, Nifty 50 above 18,350, ONGC slides 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. 

08:52:20 IST

Global Market News | Day trading guide for today

Vaishali Parekh, Vice President – Technical Research has a buy recommendation on Rites, Jubilant FoodWorks, while Anuj Gupta of IIFL Securities has a ‘Buy’ on JSW Steel, Tata Power. Check out the targets and stop loss. (Read more)

08:49:40 IST

Stock Market Update | Friday’s top brokerage calls

Macquarie has maintained an ‘overperform’ rating on LIC with a target of Rs 850 per share, while Morgan Stanley has maintained an ‘overweight’ rating on Gujarat Gas with a target of Rs 564 per share. (Read more)

08:47:40 IST

Stocks To Watch | Vodafone Idea, Page Industries, Zee Entertainment and more

08:44:05 IST

Share Market Update | Traders advised caution in June series as Nifty 50 consolidates

After four days of failing to find support at higher levels, the Nifty 50 index ended the May F&O series on a positive note, having recovered 120 points from the day’s low. The index closed above the 18,300 mark and has now ended higher in four out of the last five trading sessions. (Trade Setup for May 26)

08:42:07 IST

Market View 

Trade Set Up

Strong close to May series, Bulls hope for a hattrick in June series

Markets heavier than May but still relatively light

Nifty in 18,200-18,400 range since last 13 trading sessions


FII net long on Index Futures at the start of the series for 1st time this year

Jun: 58 percent

Jan: 57 percent

Dec: 77 percent


FII being Net Long hasn’t been soo good?

                                                Nifty Move            FII long positioning            

April 23                                     +4.9%                                    9%

Jan 23                                       -1.6%                                     57%

Dec 22                                      -1.6%                                     77%


Highest OI on Nifty

19200 Call                            87 lakh shares

18300 Put                             62 lakh shares


Strike                                     Change in OI                        Premium

18200 Put                             +40 lk shares                               45

18300 Put                             +37 lk shares                               77

18300 Call                            +35 lakh shares                           126


Nifty level to track

Support                                 18220

Resistance                            18425

08:30:53 IST

Stock Market Update | Nifty 50 would aim to break out from the 18,400-18,450 resistance range in June series

The market made a smart recovery on expiry day on Thursday and closed in the green. BHEL, M&M, Samvardhan Motherson, BEML and ONGC will be reporting their quarterly earnings today. (Wake Up Call)

08:24:45 IST

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Global Market Cue | Brent prices slide below $76 per barrel, gold hit 2-months lows