MARKET LIVE: Sensex gains 550pts, Nifty tops 18,250; HDFC up 2% on solid Q4
Stock market live on May 4, 2023: Broader markets, too, were upbeat in trade as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.8 per cent
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Siddharth Mehta Bay Capital CIO claims Fintech is remodelling the global banking and financial arena
Stock Market
STOCK MARKET LIVE: Domestic markets were firm in Thursday's intra-day trade, after the US Federal Reserve hiked interest rates by 25 basis points on expected lines.
Among the key indices, the Nifty50 topped the 18,200 level, and was up over 100 points. The S&P BSE Sensex rallied 400 points to 61,600 level.
Broader markets, too, were upbeat in trade as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.8 per cent.
Sectorally, Nifty Metal, and Nifty PSU Bank indices gained the most, up to 0.7 per cent. On the flipside, Nifty Realty index lost up to 0.5 per cent.
Among individual stocks, shares of Titan gained over 1 per cent after net profit rose 40 per cent year-on-year (YoY) in the January-March quarter of FY23 (Q4FY23).
Besides, shares of ABB India gained 4 per cent to hit a new high of Rs 3,606.35, after the company recorded highest-ever order growth in the January-March quarter (Q1CY23) in last 5 years.
Commodity corner
Prices of gold hit an all-time high level of Rs 61,400 per ten gram in India, whereas silver prices scaled to a 1-year high.
Among the key indices, the Nifty50 topped the 18,200 level, and was up over 100 points. The S&P BSE Sensex rallied 400 points to 61,600 level.
Broader markets, too, were upbeat in trade as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.8 per cent.
Sectorally, Nifty Metal, and Nifty PSU Bank indices gained the most, up to 0.7 per cent. On the flipside, Nifty Realty index lost up to 0.5 per cent.
Among individual stocks, shares of Titan gained over 1 per cent after net profit rose 40 per cent year-on-year (YoY) in the January-March quarter of FY23 (Q4FY23).
Besides, shares of ABB India gained 4 per cent to hit a new high of Rs 3,606.35, after the company recorded highest-ever order growth in the January-March quarter (Q1CY23) in last 5 years.
Commodity corner
Prices of gold hit an all-time high level of Rs 61,400 per ten gram in India, whereas silver prices scaled to a 1-year high.
4:33 PM
Zomato rises 4%, hits 5-month high; stock surges 28% in one month
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Air Fares
3:52 PM
New mutual fund schemes with performance-based fee on the anvil
The Securities and Exchange Board of India (Sebi) is considering a proposal to allow mutual funds (MFs) to charge a fee based on their performance, said Ananta Barua, whole-time member of the markets regulator. He said the proposal is being reviewed by a working group formed to look into cost structures.
The Securities and Exchange Board of India (Sebi) is considering a proposal to allow mutual funds (MFs) to charge a fee based on their performance, said Ananta Barua, whole-time member of the markets regulator. He said the proposal is being reviewed by a working group formed to look into cost structures.
The Securities and Exchange Board of India (Sebi) is considering a proposal to allow mutual funds (MFs) to charge a fee based on their performance, said Ananta Barua, whole-time member of the markets regulator. He said the proposal is being reviewed by a working group formed to look into cost structures.
3:52 PM
Testing the new live blogs
The Securities and Exchange Board of India (Sebi) is considering a proposal to allow mutual funds (MFs) to charge a fee based on their performance, said Ananta Barua, whole-time member of the markets regulator. He said the proposal is being reviewed by a working group formed to look into cost structures.
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Testing the new live blogs Testing the new live blogs Testing the new live blogs Testing the new live blogs Testing the new live blogs Testing the new live blogs Testing the new live blogs
3:45 PM
Britannia's Q4 revenues may rise up to 14% YoY led by volumes, say analysts
Though higher advertising spends may have some impact on EBITDA margins sequentially, price hikes would help expand margins up to 231 basis points (bps), said analysts.
6G
3:43 PM
Brokerages snip price targets of AMCs on feeble Q4 earnings
Brokerages have lowered the price targets of asset management companies (AMCs) since they failed to beat revenue growth expectations in the January-March quarter (fourth quarter, or Q4) of 2022-23 (FY23). The regulator’s plans to lower the fee charged by AMCs also added to concerns.
Siddharth Mehta Bay Capital CIO claims Fintech is remodelling the global banking and financial arena
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First Published: May 04 2023 | 3:47 PM IST
