More than 50 stock hit a 52-week high on the BSE that include Bajaj Finserv, Shree Cements, Bajaj Finance, HDFC Bank, HDFC, Kotak Bank, Titan Company, Axis Bank, ICICI Bank, SBI and DCB Bank, among others
Sensex saw its biggest surge on May 18, 2009 when it rallied the most in a single trading day. The index surged 2,110.79 points to close at 14,284.21
Most experts suggest that the move could be largely led by short-covering ahead of the exit polls which are due on May 19.
Experts feel that the volatility is here to stay till May 23. They suggest investors or traders should avoid leverage play as there could be wild gyrations on either side
The monsoon will hit Kerala on June 6, five days after its normal onset date, the India Meteorological Department (IMD) said on May 15
The broader market indices -- BSE Midcap and Smallcap -- too ended 0.6 percent and 0.3 percent higher, respectively
The broader market underperformed the benchmark index. The Nifty Midcap index was down 2.69 percent while the Nifty Midcap index dropped 2.1 percent.
In terms of market capitalisation, investors lost nearly Rs 5 lakh crore during this week
The final tally on D-Street â the SP BSE Sensex fell 230 points to 37,558 while the Nifty50 dropped 57 points to close at 11,301.
The market-cap of BSE companies fell Rs 1.72 lakh crore on May 8 to Rs 147.43 lakh crore
The SP BSE Sensex finally closed 323 points lower at 38,276 while the Nifty50 was down by 100.35 points to end at 11497.
India VIX rose 10% and the market breadth was inclined towards the sellers. All the sectoral indices except IT were in the red today.
Sensex and Nifty ended 0.3 percent on the lower side for the week
11,800-11,860 will act as resistance zone for the market. Crosses above 11,860 on a sustainable basis, Nifty can rally initially towards 12,000 and then 12,200.
The SP BSE Sensex closed 50.12 points lower at 38,981.43, while Nifty was down 23.40 points at 11,724.80
The breadth of the market favoured the advances as 1466 stocks advanced and 306 declined while 340 remained unchanged on the NSE. On the BSE, 1933 stocks advanced, 634 declined and 157 remained unchanged.
Company has already made Settlement arrangements with SICOM, Standard Chartered Bank and Edelweiss Asset Reconstruction Company (loan assigned by ICICI Bank Ltd.) for their outstanding loans.
Operating profit or EBITDA jumped 35.3 percent at Rs 59.9 crore, while margin was up 200 bps at 11.7 percent.
The project has been completed ahead of the scheduled completion date.
The share touched its 52-week high Rs 678 and 52-week low Rs 483.75 on 19 September, 2018 and 29 January, 2019, respectively.
In the last week, the SP BSE Midcap index shed 0.57 percent, Smallcap Index fell 1.55 percent, while SP BSE Largecap Index was up 0.84 percent in the week gone by.
The top Nifty gainers included Bajaj Finance, Bajaj Finserv, Hero MotoCorp, HUL and Maruti Suzuki while Hindalco Industries, Vedanta, Adani Ports, Dr Reddy#39;s and Sun Pharma are the top losers.
The company in its exchange disclosures reported that consolidated net profit in the quarter ended March 2019 rose 31.7 percent at Rs 839 crore, compared to Rs 637 crore in the year-ago period.
CLSA SAID that the outlook for the company#39;s business in the domestic market is muted due to weak aluminium prices.
The breadth of the market favoured the advances as 899 stocks advanced and 767 declined while 423 remained unchanged on the NSE. On the BSE, 1081 stocks advanced, 952 declined and 117 remained unchanged.
Revenue of the company went up by 5.3 percent in Q4 at Rs 257 crore compared to Rs 244 crore in the year-ago period.
Most brokerages maintained rating on Bajaj Finance post March quarter results, but raised target price up to Rs 3,600. That#39;s an upside of over 10 percent from the current level.
On March 29, PNB had entered into an agreement for sale of 1,08,91,733 equity shares held in PNB Housing Finance to Varde Holdings at Rs 850 per share, aggregating to Rs 925.80 crore.