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Stock Market Highlights, May 7: Sensex declines 384 pts, Nifty nears 22,300; FMCG, IT buck trend

Stock Market Highlights on Tuesday, May 7: Power Grid, IndusInd Bank, Tata Motors, HCL Tech, NTPC, Tata Steel, ICICI Bank, Axis Bank, RIL, HDFC Bank, and Ultratech Cement were the the top laggards

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Stock broker, broker, trader, marker, markets, stock markets, stock, market crash, market fall, loss

2:13 PM

L&T Q4 preview: Company may see 22% YoY jump in PAT; check key monitorables

Larsen & Toubro (L&T), the engineering, procurement and construction (EPC) giant is set to see a decent financial earnings on a year-on-year (Y-o-Y) basis for the fourth quarter of financial year 2023-24 (Q4FY23), showing a 8-14 per cent Y-o-Y jump in its topline. The firm may register its revenues in the range of Rs 66,366 crore to Rs 6,318 crore, according to brokerage estimates. READ MORE

Larsen & Toubro

2:02 PM

DIIs vs mutual funds vs FIIs: Which sectors are investors betting on?

Indian markets are moving towards atmanirbharta (self reliance) with the share of DIIs set to overtake that of FIIs in the next few quarters. READ MORE

Mutual funds, sebi, investors, MF, equity, sensex, market, funds, shares, stocks, FDI, FPI, investment, growth
1:50 PM

This SME stock has surged 100% in 1 month; zoomed 330% against IPO price

Shares of KP Green Energy (KPGE) locked in upper circuit for the fourth straight day, up 5 per cent at Rs 619.85 on the BSE on Tuesday at 12:50 pm; in otherwise a weak market. READ MORE

A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai
1:36 PM

Asian Market Update:: Nikkei, Kospi shine in mixed trade

chart
1:24 PM

DCM Shriram falls over 7% after weak March quarter results

DCM Shriram shares dropped as much as 7.54 per cent to hit an intraday low of Rs 938.90, on Tuesday. The fall came after the company reported a weak set of quarter-ending March (Q4FY24) results. READ MORE

Stock brokers
1:14 PM

Muthoot Finance planning to raise funds using dollar-denominated bonds

India's Muthoot Finance is planning to raise funds through US dollar-denominated bonds maturing in three years and nine months and has provided initial guidance for a coupon of around 7.375 per cent, two bankers said on Tuesday. READ MORE

Muthoot Finance
1:02 PM

India VIX jumps 72% from April lows; up 5% today. What's behind the surge?

Analysts attribute this rise to nervousness ahead of the outcome of Lok Sabha elections on June 4, and expect India VIX to continue its journey north as the election outcome day nears. READ MORE

Volatility is the new normal for Indian equities

12:49 PM

Blackstone all set to buy Adani Realty's BKC office tower for Rs 2,000 cr

Adani Realty's commercial project in MRealty'sbusy business district, the Bandra-Realty'smplex, comprises an offMumbai'sr of around 800,000 square feet. READ MORE

Photo: Bloomberg
12:37 PM

CG Power zooms 6%, hits 52-week high on decent rise in Q4 revenues

The company registered standalone profit after tax (PAT) of Rs 240.59 crore for Q4FY24, slightly higher than Rs 240.23 crore from the corresponding period last year. READ MORE

Stock broker

12:28 PM

UBS reports income of $1.8 bn; 1st profit since Credit Suisse takeover

The group's wealth management arm reported $27 billion in net new assets for the first quarter of the year, compared to $22 billion for the three months prior. READ MORE

UBS, UBS Group
12:16 PM

Pharma major Lupin slides 5% as Q4 earnings miss street expectations

Shares of pharmaceutical company Lupin slipped 5.2 per cent at Rs 1,591 on the BSE in Tuesday’s intraday deals. This came after the pharma major reported its quarterly earnings on Monday that missed street expectations. READ MORE

Lupin

12:04 PM

Crisis-hit Jaiprakash Associates defaults on Rs 4,616 crore loans

Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans worth Rs 4,616 crore, including principal and interest amount. READ MORE

Jaypee Group, Jaiprakash Associates
Jaypee Group, Jaiprakash Associates (Photo: Wikipedia)

11:56 AM

HPCL, BPCL gain up to 4% on bonus issue plan; IOCL down 2%

The boards of directors of HPCL, and BPCL are scheduled to meet on Thursday, May 9, 2024 to consider bonus issue plan. READ MORE

Petrol Pump, Daily Fuel Revision
11:44 AM

Happiest Minds Q4 profit rises 25% to Rs 72 crore

IT firm Happiest Minds Technologies has reported a 24.83 per cent increase in consolidated net profit at Rs 71.98 crore for the quarter ended March 2024. READ MORE

The numbers don’t look better if lenders and insurance companies are excluded from the sample
11:35 AM

These 5 stocks have slipped over 10% in a month, but there's room for more

Adani Enterprises, Titan, Paytm and HCL Technologies and 24 others among the NSE 500 have declined over 10% in the last one month. Here are five stocks that look weaker on charts for now. READ MORE

Markets, market fall

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First Published: May 07 2024 | 7:56 AM IST

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