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Stocks in news: JSW Steel, ZEE, Adani Enterprises, Vodafone Idea, Eicher Motors
Indian markets saw a volatile Monday, ending nearly flat due to global weakness and economic worries. Analysts suggest Nifty is consolidating, with resistance at 23,800-24,000 and support near 23,150-23,300. Key companies like JSW Steel, ZEE, and Adani Enterprises are in focus. IOC reported a significant profit surge. Eicher Motors plans a new manufacturing plant.
Block deal: JSW Energy sells Rs 3,150 crore JSW Steel stake to GQG, SBI Mutual Fund
JSW Energy has divested a portion of its JSW Steel stake for Rs 3,150 crore to fund its aggressive power generation expansion. The company aims to reach 30 GW capacity by 2030, bolstered by both renewable and thermal power projects. This strategic move enhances capital allocation and supports long-term growth initiatives.
JSW Steel block deal sees GQG, SBI MF as key buyers
GQG Partners and SBI Mutual Fund emerged as key buyers in a block deal of JSW Steel on May 18, reflecting in the day’s institutional inflow data. The transaction, valued at around ₹3,150 crore, saw JSW Energy offload 2.5 crore shares at ₹1,260 apiece. GQG acquired 1.5 crore shares, while SBI Mutual Fund picked up 1 crore shares, indicating strong institutional appetite for the steel major.
Q4 Results This Week: IOC, BPCL, ITC, Lenskart among 150 others report earnings as season winds down
As many as 150 companies, including Ola Electric, Indian Oil Corporation, Lenskart, LG Electronics India, Nykaa, along with Nifty 50 names such as Hindalco, ITC, BEL, among others will be reporting their fourth quarter results this week as the earnings season enters its final stages for this period. Here's a look at the complete list:
Dalal Street set for negative opening as GIFT Nifty trades lower
Nifty closed at 23,690 on Thursday. IT shares faced pressure from global AI competition. Markets will watch West Asia conflict, energy prices, and foreign fund flows. A move above 23,800 could boost Nifty higher. Failure to hold this level may bring selling pressure. India VIX fell. SAIL and Kaynes are in F&O ban. Foreign investors bought shares.
Vodafone Idea and 4 other midcap stocks hit 52-week highs, rally up to 40% in a month
Benchmark indices ended marginally higher as five BSE 150 Midcap stocks touched fresh 52-week highs, reflecting strong investor sentiment and bullish momentum. Vodafone Idea, SAIL, MCX, Laurus Labs and Ajanta Pharma recorded notable monthly gains, signalling sustained buying interest despite subdued broader market performance overall.
Top Gainers & Losers on May 4: Meesho, Vedanta, HFCL, BHEL, Cemindia Projects, Anant Raj among top gainers
On May 4, major indices saw gains due to strong buying in heavyweight stocks and positive state election trends for the Bharatiya Janata Party. The Nifty 50 rose 0.51% to 24,119, while the S&P BSE Sensex increased 0.31% to 77,159, with midcap and smallcap indices outperforming.
Sensex Today | Stock Market Highlights: Dalal Street rises for 2nd day; Sensex gains 568 pts, Nifty ends close to 23,600
Sensex Today | Stock Market LIVE Updates: The markets appear to have overcome the qualms, as the Nifty is trading with a rise of around 150 points and now above 23,500. The Nifty Bank index is down about 200 points, falling towards the 54,000 mark. Tata Steel, Eternal and M&M are among the biggest gainers.
Market Trading Guide: Apollo Pipes among 3 stock recommendations for Tuesday
Sensex and Nifty plunged nearly 2% as rising crude oil prices, weak global cues and escalating West Asia tensions triggered heavy selling. Foreign fund outflows and a weaker rupee added pressure. Analysts recommend Apollo Pipes, Aurobindo Pharma and Tata Steel for potential short-term gains.
Sensex surges 900 points, Nifty ends at 24,766; Adani Ports, BSE, Mazagon Dock rally
Broader markets outperformed the benchmarks during the session. The Midcap index climbed 867 points to end at 57,793, while the Nifty Bank index advanced 301 points to close at 59,056.
Vedanta surges 5% after BofA upgrade; Sensex ends at 82,276, Nifty at 25,483
The broader markets saw buying interest, with the Midcap index rising 340 points to 59,406. Market breadth remained neutral, with the NSE advance-decline ratio at 1:1.
Reliance, ITC, Tata Steel drive Nifty past 25,800; Sensex climbs 283 points
Broader markets outperformed the benchmarks. The Midcap Index climbed 302 points to 60,183. The Nifty Bank index gained 377 points to end at 61,551.