Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Markets / Stock Markets/  Sensex ends flat in volatile trade; Nifty below 14,700; metals, IT, auto slip
BackBack

Sensex ends flat in volatile trade; Nifty below 14,700; metals, IT, auto slip

Market Closing: Benchmark indices ended flat in volatile trading on Friday amid losses in heavyweight IT and financial shares. Asian Paints surged following strong March quarter results

Stock Market Today: Indices ended flat amid a volatile trade with metals, realty and IT losing the most. (MINT_PRINT)Premium
Stock Market Today: Indices ended flat amid a volatile trade with metals, realty and IT losing the most. (MINT_PRINT)

Indian benchmark indices ended flat amid volatile trade on Friday. Sensex ended at 48,732.55, up 41.75, while Nifty ended at 14,678, down 18 points. IT, metals and auto stocks were the biggest laggards. Asian Paints, and ITC were the best gainers today

14 May 2021, 03:42:23 PM IST

Sensex at close: Asian Paints, ITC gain; IndusInd Bank biggest laggard

Indian benchmark indices ended flat today with Sensex closing at 48,732.55, up 41.75, while Nifty settling at 14,678, down 18 points from previous close. IT, metals and auto stocks were the biggest laggards, while FMCG stocks were the outperformers today. Asian Paints, and ITC were the best gainers in trade on Friday. Nine stocks ended in the green on the 30-share Sensex.

Sensex at close
View Full Image
Sensex at close
14 May 2021, 03:35:18 PM IST

Sensex, Nifty end flat

14 May 2021, 03:25:31 PM IST

Moody’s upgrades Tata Motors outlook to ‘stable’ as JLR operations recover

Credit Rating agency, Moody’s Investors Service revised its outlook on Tata Motors Ltd to ‘stable’ from ‘negative’ as a result of overall improvement in its consolidated financials and turnaround in operations of Jaguar Land Rover – its luxury vehicle manufacturing business in important markets. The ratings agency also maintained B1 rating on the debt instruments of the company.

According to the ratings firm, JLR's new strategy and financial targets, announced in February towards electrification, improving profitability and free cash flow generation is positive.

14 May 2021, 02:56:47 PM IST

JSW Steel to consider raising of long-term funds

14 May 2021, 02:50:09 PM IST

Dr Reddy's down 2% as Q4 profit dips 29%

14 May 2021, 02:27:31 PM IST

Nifty Auto down 1.8%

.
View Full Image
.
14 May 2021, 02:11:09 PM IST

Orient Electric’s Q4 growth momentum strong, but near-term covid worries persist

Shares of Orient Electric Ltd were marginally higher during trading hours on the National Stock Exchange on Friday, a day when the benchmark Nifty 50 index was slightly lower. The company’s fourth quarter results are encouraging. For the March quarter (Q4FY21), revenues have increased as much as 42% year-on-year to Rs802 crore. A favourable base did help to an extent. Both businesses, electrical consumer durables (ECD) and lightning & switchgear performed well, posting a revenue growth of over 40% year-on-year.

The ECD business contributed about 80% of revenues and the remaining came from lightning & switchgear. (Read more)

14 May 2021, 01:59:08 PM IST

Global stocks edge higher

Global stocks edged higher after U.S. Federal Reserve officials said there would be no imminent move to tighten monetary policy in the world's biggest economy.

The MSCI World Index, a broad gauge of equity markets globally, was up 0.3% in early European trading. The STOXX Europe 600 Index was up 0.6% in early deals while London's FTSE 100 was up 0.7%.

Tokyo's Nikkei jumped 2.3%, while MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.8% and Chinese blue chips rose 2.2%.

14 May 2021, 01:45:29 PM IST

Eicher Motors down 1.5%

Mid-sized motorcycle maker Royal Enfield said it has decided to shut down its two manufacturing facilities between 13 and 16 May to safeguard its employees amid the second wave of coronavirus pandemic in the country. The company, which is a part of Eicher Motors, would utilise the shutdown to undertake maintenance activity at its manufacturing plants.

14 May 2021, 01:30:42 PM IST

Piramal Enterprises Q4 gets pharma support but lending biz shows stress

Piramal Enterprises Ltd’s March quarter metrics have perhaps failed to enthuse investors. The company reported a consolidated quarterly loss or 510, much of it due to one-time tax adjustments. As such, the net loss has narrowed from the previous year.

Shares of the company have dropped more than 3% today. The concerns are understandably from its finance business where the company saw stress increase and a continued rundown of its wholesale loan book. Piramal’s gross bad loans rose to form 4.5% of its total portfolio from the 3.7% in the previous quarter and the company has a restructured loan pile of 1740 crore or 4.4% of its wholesale loan book. Although the company did not restructure any loans in the March quarter, (Full report)

14 May 2021, 01:11:22 PM IST

Indian equities remain largely immune to the raging covid pandemic

India is among the worst-hit from the second wave of global coronavirus pandemic. Yet, Indian equity markets hardly show any signs of worry. One of the factors that could be keeping investors’ sentiment upbeat is that the global equity markets are in good stead, thanks to the ample liquidity. At the same time, other asset classes such as global gold and commodities have given positive returns of 6% and 10%, respectively in recent months.

However, if one looks at the performance of MSCI India index from the peak of the second wave crisis in March, it is mostly in-line with emerging market peers, which is surprising. In the said span, the MSCI Asia Ex-Japan index has fallen by 1.14% and MSCI India has declined 1.34%. (Read more)

14 May 2021, 12:50:44 PM IST

Dr Reddy's administers first dose of Sputnik V vaccine in India

14 May 2021, 12:44:14 PM IST

Nifty Metal down 4%

NSE
View Full Image
NSE
14 May 2021, 12:27:56 PM IST

TCS launches cloud-based subscription solution for media clients

Tata Consultancy Services (TCS) Ltd has launched a cloud-based “intelligent" subscription solution built on SAP business technology platform for its media clients.

The solution is aimed at helping the media and publishing industry "transform customer experience and shift to subscription-based order-to-cash processes for physical and digital content," TCS said in a statement.

14 May 2021, 12:10:10 PM IST

Sensex at noon: Down 138 points

.
View Full Image
.
14 May 2021, 11:53:17 AM IST

L&T bags construction order from Chennai Metro Rail Corporation

Infrastructure company Larsen & Toubro (L&T) on Friday said its construction arm has bagged an up to 5,000 crore contract from Chennai Metro Rail Corporation.

"The business has secured an order from Chennai Metro Rail Corporation Ltd (CMRL) to construct nearly 12 km twin bored tunnels from Kellys station to Taramani Road Junction station," the company said in a regulatory filing.

L&T said the business has also secured another order from Chennai Metro Rail Corporation to construct approx 8 Km of elevated Viaduct with 9 elevated metro stations starting from Power House to Porur Junction including other associated works.

14 May 2021, 11:34:29 AM IST

UPL up 8%

The agro-chemical firm reported a 73.6% growth in consolidated net profit at 1,361 crore for the March quarter. Revenue from operations was 15 per cent higher in the quarter at 12,796 crore compared to 11,141 crore in the same period of 2019-20.

14 May 2021, 11:20:17 AM IST

Brought market weak; India VIX up 4%

NSE
View Full Image
NSE
14 May 2021, 11:05:11 AM IST

Piramal Enterprises down 4%

The company reported a consolidated net loss of 510 crore for the quarter ended 31 March 2021.

14 May 2021, 10:50:36 AM IST

Bharti Airtel up 1%

The telco's Africa unit reported a net profit of $415 million for the financial year ended March, compared to $408 million a year ago, the company said in a statement. Airtel Africa Plc’s revenue from operations stood at $3,888 million, up 19.4% in constant currency.

14 May 2021, 10:37:31 AM IST

BSE Midcap in the red

BSE
View Full Image
BSE
14 May 2021, 10:27:00 AM IST

Dr Reddy's up 1.3%

The pharma major will announce its March quarter earnings today. Besides, Eli Lilly and Cohas inked voluntary licensing agreements with Dr Reddy’s Laboratories, Torrent Pharmaceuticals Ltd and MSN Laboratories Ltd, to expedite availability of Baricitinib for treatment of covid-19 patients in the country.

14 May 2021, 10:24:34 AM IST

Rupee rises 4 paise to 73.38 against US dollar in early trade

14 May 2021, 10:09:18 AM IST

Covid update: India reports 4,000 deaths; discharges surpass new cases

New coronavirus infections declined marginally in the country with 3,43,144 people testing positive in the last 24 hours, according to the data released by the Union health ministry on Friday.

Fatalities across the country also decreased in the last 24 hours, with 4,000 more people succumbing to the disease. The cumulative death toll now stands at 2,62,317.

14 May 2021, 09:59:01 AM IST

Asian Paints up 10%

Investors were resigned to the fact that fiscal 2021 (FY21) results would be severely affected for most industries, hit as they were by the nationwide lockdown last year, and that it would be best to hope for a recovery only in FY22. But as it turns out, the decorative paints industry is in a different league.(Read more)

14 May 2021, 09:49:02 AM IST

Go Air files DRHP to raise ₹3,600 cr via IPO

Go Airlines India Ltd has filed a draft red herring prospectus with Securities Exchange Board of India to raise 3,600 crore via initial public offering.

The company said it is in consultation with its lead managers to issue shares through a preferential issue or any other method to raise up to 1,500 crore.

14 May 2021, 09:38:26 AM IST

Nifty sectors: Metals, IT, Auto lag most

Nifty
View Full Image
Nifty
14 May 2021, 09:26:54 AM IST

Nifty at open: Tata Motors gains most; Tata Steel down 5%

NSE
View Full Image
NSE
14 May 2021, 09:24:11 AM IST

Sensex at open: Asian Paints top gainer; M&M biggest laggard

Sensex
View Full Image
Sensex
14 May 2021, 09:17:49 AM IST

Sensex, Nifty open flat

14 May 2021, 09:03:43 AM IST

Markets higher at pre-open

Sensex at pre-open.
View Full Image
Sensex at pre-open.
14 May 2021, 08:57:20 AM IST

Markets seen firm on global cues

Indian benchmark indices may open higher tracking global markets, while trends in SGX Nifty indicate a positive start for domestic equities. On Wednesday, Sensex ended 471 points lower at 48,690.80 and Nifty settled at 14,696.50. Markets were shut on Thursday because of Eid.

14 May 2021, 08:50:11 AM IST

Oil prices fall

Oil prices fell on Friday after dropping about 3% a day earlier as coronavirus cases remained high in major oil consumer India and as a key fuel pipeline in the US resumed operations after being shut due to a cyber attack.

Brent crude oil futures were down 35 cents, or 0.5%, at $66.70 a barrel, while West Texas Intermediate (WTI) was down 28 cents, or 0.4%, at $63.54 a barrel.

14 May 2021, 08:33:12 AM IST

Bharat Biotech to share Covaxin code

Bharat Biotech has agreed to share the formulation of Covaxin with other manufacturers to increase production of its covid-19 vaccine, the Union government said on Thursday.

Addressing a news conference, Dr V.K. Paul, member (health) of government think-tank NITI Aayog, said the Hyderabad-based company has agreed with proposals made by several states for sharing the chemistry of Covaxin to boost its production at a time when the country is facing an acute shortage of covid vaccines.

14 May 2021, 08:18:37 AM IST

Stocks to Watch: Dr Reddy’s, Tata Power, Jindal Steel

Airtel, Happiest Minds, IOC, Piramal Enterprises will also be in focus today.

14 May 2021, 07:49:51 AM IST

Asian stocks climb

Asia stocks climbed after US benchmarks halted a three-day slide, with investors migrating to value from growth companies as signs of a strengthening labor market tempered inflation worries.

Japan’s Nikkei rose 1.3%, Australia’s S&P/ASX 200 was up 0.8%, South Korea’s Kospi gained 0.8% and Hong Kong’s Hang Seng futures rose 0.7% earlier

14 May 2021, 07:30:01 AM IST

US markets rebound

Wall Street ended sharply higher at the close of a broad rally on Thursday, bouncing back from three straight days of selling on upbeat labor market data.

Dow Jones Industrial Average rose 1.3%, S&P 500 gained 1.25%, and the Nasdaq Composite added 0.73%.

Download the App to get 14 days of unlimited access to Mint Premium absolutely free!

Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie