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.
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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
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
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
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.
Market Update | Here’s how the Nifty sectoral indices are performing
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
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
Market Open | Sensex, Nifty 50 open higher led by financials
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.
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)
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)
Stocks To Watch | Vodafone Idea, Page Industries, Zee Entertainment and more
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)
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
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)
Global Market Cue | Brent prices slide below $76 per barrel, gold hit 2-months lows
Global Market Cue | Asian markets in the green after strong handover from Wall Street
Asian markets trade in the green following a higher close on Wall Street. MSCI’s broadest index of Asia Pacific shares outside Japan is up 0.5 percent at this hour.
–Japan’s Nikkei 225: up 0.6 percent
–Hong Kong’s Hang Seng: closed today
–China’s Shanghai Composite: down marginally
Global Market Cue | Wall Street indices gained boosted by AI stocks
The three main US indices rose on Thursday.
–S&P 500: up 0.9 percent
–Dow Jones Industrial Average: down 0.1 percent
–Nasdaq Composite: up 1.7 percent
Share Market News | Indices ended in green on Thursday, Nifty 50 posted second concecutive positive expiry
Read more on May 26 session here
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