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Business News/ Markets / Share Market Today Live Updates May 28, 2024: Oil rises over $1 after US dollar weakens to 1-week low, OPEC+ likely to hold supply cuts; Brent hits $84/bbl
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Share Market Today Live Updates May 28, 2024: Oil rises over $1 after US dollar weakens to 1-week low, OPEC+ likely to hold supply cuts; Brent hits $84/bbl

Share Market Today Live Updates: Follow Mint's market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

Latest news on May 28, 2024: In January, India's total oil import bill increased slightly by over 4% sequentially to $12.04 billion, with a marginal year-on-year growth of 0.1%. (Image: Pixabay)Premium
Latest news on May 28, 2024: In January, India's total oil import bill increased slightly by over 4% sequentially to $12.04 billion, with a marginal year-on-year growth of 0.1%. (Image: Pixabay)

Share Market Today Live Updates: Catch today's market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint's market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.
28 May 2024, 10:56:57 PM IST

Commodity News Today Live Updates: Oil rises over $1 after US dollar weakens to 1-week low, OPEC+ likely to hold supply cuts; Brent hits $84/bbl

  • Oil prices rose by more than $1 a barrel on Tuesday on the expectation that OPEC+ will maintain crude supply curbs at its June 2 meeting, while a weaker U.S. dollar made the commodity more attractive to holders of other currencies.
Read the full story here

28 May 2024, 10:39:01 PM IST

Commodity News Today Live Updates: National capacity to targets: Why OPEC+ members clash over oil production capacity—Explained

  • Members of OPEC+ - comprising OPEC and allies such as Russia - tend to push for higher capacity to get higher output targets after the percentage cut required by the group is factored in.
Read the full story here

28 May 2024, 09:54:59 PM IST

Commodity News Today Live Updates: Gold price declines on profit booking as rate cut bets ease; silver trades flat

  • The precious metal slipped below its 21-day moving average, currently at $2,348, yet remained poised for its fourth consecutive month of growth, boasting a 2.5 per cent increase in May.
Read the full story here

28 May 2024, 09:50:54 PM IST

Stock Markets Today Live Updates: Nvidia stock riding a wave created by blowout earnings, jumps over 5% in volatile stock market

  • At 12:00 p.m. EDT, Nvidia Corp. stock was at $1,125.88, higher 5.73 per cent.
Read the full story here

28 May 2024, 07:44:10 PM IST

Stock Markets Today Live Updates: Weekly Stocks: ICICI Direct suggests three shares with 8% upside potential to buy this week

  • ICICI Direct has suggested Chennai Petroleum Corporation, PNB Housing and Tata Power to buy this week with an upside potential of up to 8%.
Read the full story here

28 May 2024, 07:40:31 PM IST

Stock Markets Today Live Updates: Wall Street today: US stocks mixed, Dow Jones falls

  • The Dow Jones fell 0.10%, the S&P 500 rose 0.21%, the Nasdaq rose 0.40%
Read the full story here

28 May 2024, 07:30:02 PM IST

Stock Markets Today Live Updates: Lok Sabha Elections 2024: 4 investment strategies to follow ahead of election results next week

  • Lok Sabha Elections 2024: As markets brace for Lok Sabha elections 2024 results next week, here are 4 basic and key investment strategies that investors need to follow as per Feroze Azeez, Deputy CEO, Anand Rathi Wealth Limited.
Read the full story here

28 May 2024, 07:06:09 PM IST

Stock Markets Today Live Updates: Cooling for AI is a hot stock market trade–for now

  • Companies like Vertiv that can help artificial-intelligence data centers dissipate heat have had gains of more than 600%.
Read the full story here

28 May 2024, 06:38:00 PM IST

Stock Markets Today Live Updates: Nifty to surpass 26,500 level by December 2025: Emkay Investment Managers

  • Nifty is projected to continue its upward trajectory, surpassing 26,500 by December 2025, according to brokerage firm Emkay Investment Managers.
Read the full story here

28 May 2024, 05:56:49 PM IST

Stock Markets Today Live Updates: Multibagger Stock: Shakti Pumps yielded 515% returns in 13 months, gained over 1690% in 4 years

  • Shakti Pumps' stock price has surged by 515% in the last 13 months, driven by substantial order acquisitions and strong financial performance. The company holds a dominant position in the Indian pump industry with a 26% market share in the domestic solar pump market under the PM KUSUM scheme.
Read the full story here

28 May 2024, 05:50:35 PM IST

Stock Markets Today Live Updates: Bharat Dynamics shares fall 7%, snaps 10-day gaining streak; what led to the plunge?

  • Over the past 10 days, BDL stock has soared by nearly 70 per cent, and in the last six months, it has risen by 150 per cent.
Read the full story here

28 May 2024, 05:49:38 PM IST

IPO News Today Live Updates: Hindalco subsidiary Novelis files draft papers with SEC to target $12.6 billion valuation via US IPO

  • NOVELIS-IPO:Novelis targets up to $12.6 billion valuation in US IPO
Read the full story here

28 May 2024, 05:22:44 PM IST

IPO News Today Live Updates: Beacon Trusteeship IPO booked over 31 times on day 1 so far; check GMP, subscription status, key dates, more

  • Beacon Trusteeship IPO subscription period is from May 28 to May 30, with a price band of 57-60 per share. Allocation: 50% to QIBs, 35% to retail investors, 15% to non-institutional investors.
Read the full story here

28 May 2024, 05:22:36 PM IST

Mark To Market Today Live Updates: LIC stock is available at a discount. So why aren’t investors piling in?

  • LIC has a market-capitalisation-to-embedded-value of just 0.9 as against 2 to 2.7 for HDFC Life Insurance, ICICI Prudential Life Insurance, and SBI Life Insurance. While there is scope for the valuation discount to narrow, the process could be gradual at best.
Read the full story here

28 May 2024, 05:05:56 PM IST

Stock Markets Today Live Updates: Wall Street’s favorite recession indicator is in a slump of its own

  • Treasury yields have been inverted for the longest stretch on record.
Read the full story here

28 May 2024, 05:02:01 PM IST

Stock Markets Today Live Updates: Royal India: This penny stock gained 2474% in 3 years, gave positive returns in all months this year; should you invest?

  • Royal India Corporation's stock has surged 2474% in 3 years, hitting a 52-week high of 23.95. It consistently hits upper circuits and has given positive returns in all months of 2024. However, it is trading under ESM: Stage 2 and GSM Stage 0.
Read the full story here

28 May 2024, 04:39:27 PM IST

Stock Markets Today Live Updates: HAL stock in focus after India, France begin talks for ₹50,000-crore Rafale Marine fighter jet deal

  • The French delegation will include representatives from their defence ministry and industry, including officials from Dassault Aviation and Thales, the original equipment manufacturers.
Read the full story here

28 May 2024, 04:35:03 PM IST

Stock Markets Today Live Updates: Multibagger textile stock: Nandan Denim share price zooms 17% as PAT spikes over 8000% in FY24; here's what analysts say

  • Nandan Denim share price surged 17% after impressive Q4 performance, with net profit climbing by 882.25% and sales by 26.68% in March 2024 quarter. Nandan Denim stock closed 8.36% higher at 40.45 apiece, with potential to touch 45–46 levels in the near term as per analysts' observations.
Read the full story here

28 May 2024, 04:03:23 PM IST

Stock Markets Today Live Updates: Top Gainers and Losers today on 28 May, 2024: Divis Laboratories, SBI Life Insurance Company, Adani Ports & Special Economic Zone, Power Grid Corporation Of India among most active stocks; Check full list here

  • Top Gainers and Losers Today : The Sensex lost 220.05 points, or -0.29, to settle at 75390.5, while the Nifty lost 44.3 points, or -0.19, to close at 22932.45.
Read the full story here

28 May 2024, 03:52:51 PM IST

Stock Markets Today Live Updates: Lok Sabha Elections 2024 trading strategy: Investors are overestimating gains, says Diwakar Rana of Prudent Equity

  • Diwakar Rana, Senior Research Analyst at Prudent Equity, advises investors to focus on company-specific growth triggers and look for growth at a reasonable price amidst market volatility and overvaluation.
Read the full story here

28 May 2024, 03:32:40 PM IST

Stock Markets Today Live Updates: Stock market today: Nifty 50 ends in the red for 3rd consecutive session

  • Stock market today: Nifty 50 ends in the red for 3rd consecutive session
Read the full story here

28 May 2024, 03:25:26 PM IST

Stock Markets Today Live Updates: Praveg share price tumbles 7% to hit 5-month low on weak Q4 earnings

  • Praveg, a luxury resorts company, saw a 7% share decline to 805.10 due to disappointing Q4 and FY24 results. The company reported a net profit of 1.63 crore, marking a 68.15% decline compared to 5.17 crore in Q4 FY23, while revenue from operations surged by 76.3% YoY to 33.49 crore.
Read the full story here

28 May 2024, 03:23:54 PM IST

Stock Markets Today Live Updates: Bullish investors are piling into stock and bond funds

  • U.S. fund flows have turned positive after two down years.
Read the full story here

28 May 2024, 03:20:44 PM IST

Stock Markets Today Live Updates: Small-cap stock below ₹50: Mauritius-based FII buys stake in Pioneer Embroideries during Q4FY24

  • Small-cap stock under 50: Mauritius-based FII Tano Investment Oppertunities Fund bought fresh stake in the company during Q4FY24
Read the full story here

28 May 2024, 03:09:26 PM IST

Stock Markets Today Live Updates: Stocks to buy: HDFC Securities recommends NCC, Allsec Technologies as its fundamental stock picks

  • Stocks to buy: HDFC Securities has recommended two stocks to buy as its fundamental picks. These two stocks are NCC and Allsec Technologies. The brokerage recommends buying these stocks at currency market prices and add on further dips for a time horizon of two to three quarters.
Read the full story here

28 May 2024, 03:07:10 PM IST

Stock Markets Today Live Updates: Multibagger SME stock Suratwwala Business share price soars over 8000% in 4 years; is it wise to accumulate?

  • Multibagger Stock: Suratwwala Business share price has skyrocketed from its listing price of 16.2 per share to the current trading price of 124.3 per share. Trendlyne data shows that over the past year, the stock price increased by 451.56% and outpaced its sector by 320.74%.
Read the full story here

28 May 2024, 02:30:18 PM IST

Stock Markets Today Live Updates: ₹15 to ₹375: Ashish Kacholia-owned multibagger chemical stock Fineotex Chemical rises 2400% in four years

  • Ashish Kacholia portfolio: The multibagger chemical stock has delivered alpha return in post-COVID rebound after bottoming out at 15 apiece in March 2020
Read the full story here

28 May 2024, 02:23:49 PM IST

Mark To Market Today Live Updates: Metro Brands is treading on soft demand track after dull Q4

  • Metro’s FY23 was categorized by strong consolidated revenue growth of 58% year-on-year led by solid pent-up post pandemic demand. In FY24, revenue growth dropped to 10.8%.
Read the full story here

28 May 2024, 02:07:05 PM IST

Stock Markets Today Live Updates: Explained: Why is Indian market breaking record highs in May despite FPI outflows?

  • Foreign Portfolio Investors (FPIs) offload Indian shares due to various factors, while domestic investors maintain market strength. FPIs withdrew 35,527 crore in May, but DIIs invested 41,720 crore, leading to record highs for Nifty 50 and Sensex multiple times in the month.
Read the full story here

28 May 2024, 02:06:14 PM IST

Stock Markets Today Live Updates: PM Modi says stock markets will hit record high on 4th June: Should you invest more?

  • PM Modi and Home Minister Shah expect stock market gains on 4th June. Instead of investing a lump sum amount, focus on long-term goals and diversify across asset classes for stability and growth.
Read the full story here

28 May 2024, 01:55:39 PM IST

Stock Markets Today Live Updates: Yatharth Hospital: Up 36% from IPO price, SMIFS sees another 60% upside in this stock

  • SMIFS maintains a ‘buy’ call on Yatharth Hospital with a target price of 650, citing growth potential. Stock is trading at a comfortable valuation with significant growth opportunities in the local market. The company also reported strong performance in FY24.
Read the full story here

28 May 2024, 01:36:18 PM IST

Stock Markets Today Live Updates: Mint Explainer: Why all eyes are on this market indicator ahead of poll results

  • The put-call ratio, a key measure of market sentiment, suggests a bullish outlook on the results of the general election
Read the full story here

28 May 2024, 01:35:20 PM IST

Stock Markets Today Live Updates: Bond yields may fall to 6.50% by Q4FY25, says analyst. Here’s what fixed income market investors should do

  • Indian bond markets got a boost after the Reserve Bank of India’s (RBI) board last week approved the transfer of a whopping 2.11 lakh crore dividend to the government for the financial year 2023-2024, which was more than double the market had expected.
Read the full story here

28 May 2024, 01:23:31 PM IST

Stock Markets Today Live Updates: Auto stocks in top gear: What's driving the rally? Experts recommend 10 stocks to buy from the sector

  • Auto stocks have surged due to robust sales expectations in FY25, driven by a revival in the rural market and stable raw material prices. Two-wheeler market may outshine other segments. Experts anticipate continued growth in the medium-to-long term, with positive outlook for auto companies.
Read the full story here

28 May 2024, 01:14:14 PM IST

Stock Markets Today Live Updates: DOMS Industries share price rises 10% to all time highs: up 150% over the IPO price giving Multibagger returns

  • Stock Market Today: DOMS Industries share price gained 10% during the intraday trades on Tuesday to all time high of 2035. The share price is up 150% over IPO price giving Multibagger returns to investors
Read the full story here

28 May 2024, 01:07:48 PM IST

Stock Markets Today Live Updates: Remedium Lifecare declares 3:1 bonus shares. Record date, other details here

  • Remedium Lifecare bonus share record date: The company board has set record date on 6 July 2024 for finalization of eligible shareholders for issuance of bonus shares
Read the full story here

28 May 2024, 12:59:12 PM IST

Stock Market News Today Live Updates: Cello World share price sheds over 8% in two sessions post Q4 results. Should you buy, sell or accumulate?

  • Cello World's share price fell 8% after Q4 results. FY24 revenues increased by 11.3% YoY. Management predicts rural demand growth in CY24, with revenue expected to rise by 15-17%. Brokerages maintain 'BUY' rating with a target price of 1,090, anticipating revenue and EBITDA growth in FY25-26.
Read the full story here

28 May 2024, 12:55:24 PM IST

Stock Markets Today Live Updates: Block Deal: Inox Wind stock hits 10% lower circuit as 1.69 crore shares change hands

  • Inox Wind stock hits lower circuit at 147.65 after block deal at 151, a discount of 8%. Promoter entity likely seller. Stock up 460% in 1 year.
Read the full story here

28 May 2024, 12:27:05 PM IST

Stock Markets Today Live Updates: Sumitomo Chemical stock jumps over 9% to 52-week high as profit jumps 52% in Q4

  • Shares of Sumitomo Chemical rallied 9.3% to year-high post Q4FY24 results. It is up 43% from 52-week low. The net profit rose 52% in March quarter to 109.89 crore.
Read the full story here

28 May 2024, 12:16:10 PM IST

Stock Markets Today Live Updates: Multibagger Stock: Mahindra & Mahindra soared over 160% in 2 years, advanced 490% in 4 years

  • Mahindra & Mahindra, a diversified automobile company in India, experienced remarkable growth in SUV sales and revenue market share in FY24.
Read the full story here

28 May 2024, 12:07:10 PM IST

Stock Markets Today Live Updates: Ugro Capital share price: 5 key reasons why brokerages see 60% more upside in this NBFC stock

  • Ugro Capital share price: Strong Q4 results 2024, expansion in business via acquisitions, capital raise to meet the demand for growth capital, strong growth story, and rating upgrade by CRISIL are top 5 reasons that may fuel this NBFC stock
Read the full story here

28 May 2024, 11:18:04 AM IST

Stock Markets Today Live Updates: Krystal Integrated share price jumps over 5% on strong Q4 results led by robust order book

  • Krystal Integrated Services share price rose 5% as Q4 results showed a 70.3% increase in PAT and a 52% rise in revenue. EBITDA soared by 97.7% with an improved margin. The board proposed 1.50 dividend per share. FY24 revenue crossed 1,000 crore for the first time.
Read the full story here

28 May 2024, 11:12:20 AM IST

Stock Markets Today Live Updates: Lok Sabha elections 2024 trading: Kripashankar Maurya of Choice Broking recommends buying these 7 stocks for short term

  • Lok Sabha elections 2024 trading: The Indian stock market is volatile ahead of Lok Sabha election 2024 results on June 4. Experts suggest buying quality stocks with healthy fundamentals amidst market uncertainty.
Read the full story here

28 May 2024, 11:05:04 AM IST

Stock Markets Today Live Updates: Trent’s PE multiple is almost 200x. Does it still qualify for an investment?

  • While it’s never good to overpay for stocks, you could set aside 5-10% of your corpus for speculative bets on pricey but fast-growing companies such as Trent Ltd, which has barely seen its PE multiple drop below 100x over the past decade.
Read the full story here

28 May 2024, 11:04:16 AM IST

Stock Markets Today Live Updates: PFC share price: Power Finance Corporation shares hit new peak for third day in a row. More steak left?

  • PFC share price: Power Finance Corporation shares have been climbing new peaks since Friday last week
Read the full story here

28 May 2024, 11:00:05 AM IST

Stock Market News Today Live Updates: RAJRATAN GLO, BLB & others hit 52 week low today ;Check the full list here?

  • Following shares hit their 52 week low today - RAJRATAN GLO, BLB, Delphi World Money, GSS Infotech, KRBL
Read the full story here

28 May 2024, 11:00:04 AM IST

Stock Market News Today Live Updates: Divis Laboratories, National Aluminium Company & others hit 52 week high today ; Do you own any?

  • Following shares hit their 52 week high today - Divis Laboratories, National Aluminium Company, Thermax, Aditya Birla Fashion & Retail, Bharat Forge
Read the full story here

28 May 2024, 10:34:03 AM IST

Mark To Market Today Live Updates: Chart Beat: Stubborn emerging market inflation dampens interest rate cut hopes

  • In emerging economies, inflation remains high due to weakening currencies and high debt.
  • As a result, interest rate cuts may be further delayed as central banks face the threat of surging global oil prices.
Read the full story here

28 May 2024, 10:20:17 AM IST

Stock Markets Today Live Updates: NALCO shares surge over 6% to new all-time high as net profit rises two-fold in Q4, up 118% in 6 months

  • NALCO's shares surged 5% to hit a historic peak of 206.30 fueled by strong Q4 performance. The company reported a 101% jump in profit for the March quarter, propelled by a significant drop in expenses. FY24 PAT stood at 1,988 crore, up 38.63% YoY despite a 1.6% revenue dip.
Read the full story here

28 May 2024, 10:18:46 AM IST

Stock Markets Today Live Updates: Stock to buy: Anand Rathi recommends Olectra Greentech as its stock pick of the month

  • Stock to buy: Olectra Greentech share price has gained over 33% year-to-date (YTD), while the stock has jumped more than 158% in one year. Olectra Greentech shares have given multibagger returns of over 900% in the past three years.
Read the full story here

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