market shares – Artifex.News

Sensex jumps nearly 790 points on buying in telecom, banking shares

admin — Thu, 14 May 2026 13:02:00 +0000

Stock markets rose for the second consecutive day on Thursday (May 14, 2026) with the benchmark Sensex jumping by nearly 790 points in a volatile session, driven by value buying in telecom, pharma and private banking shares.

The 30-share Bombay Stock Exchange (BSE) Sensex jumped 789.74 points, or 1.06%, to close at 75,398.72. The index opened higher but slipped into negative territory in late morning deals. However, value buying in telecom and banking shares helped the barometer pare losses and later jump more than 1,000 points to a high of 75,681.88.

Extending gains to the second day, the 50-share National Stock Exchange of India Ltd. (NSE) Nifty climbed 277 points, or 1.18%, to finish at 23,689.60.

Among Sensex firms, Bharti Airtel emerged as the biggest gainer, rallying over 5% after the telecom carrier’s annual revenue crossed the ₹2 lakh crore mark for the first time.

Eternal rose by 3.32% while HDFC Bank advanced 2.67%, emerging as the major contributor to the Sensex gains. Adani Ports, Sun Pharmaceuticals, Bajaj Finance, Mahindra & Mahindra, NTPC, Kotak Mahindra Bank, Titan, Trent, UltraTech Cement, ITC and State Bank of India were among the other gainers.

On the other hand, Infosys, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Hindustan Unilever, Axis Bank and Maruti Suzuki India ended lower.

“Indian equities staged a counterintuitive recovery from intraday lows and ended higher despite the rupee hitting a record low and crude remaining elevated,” Vinod Nair, Head of Research, Geojit Investments Ltd., said.

Investor confidence was bolstered in anticipation of potential government measures to mitigate INR weakness, including consideration of bond tax relief for foreign investors and potential tightening of the Liberalized Remittance Scheme (LRS) to stem capital outflows, he added.

“Sentiment was further anchored by positive cues from the Trump-Xi summit, which raised hopes of expanding economic cooperation.

“Sectorally, while pharma and healthcare advanced owing to sectoral rotation, metals gained on higher metal prices and improving demand expectations from China. Conversely, the IT stocks extended their decline,” Mr. Nair said.

In Asian markets, ShanghaiStock Exchange (SSE) Composite index and Japan’s Nikkei 225 benchmark ended lower, while Hong Kong’s Hang Seng settled flat. However, South Korea’s Kospi closed higher.

European equity markets traded in positive territory. Wall Street ended mostly higher on Wednesday (May 13, 2026).

Brent Crude, the global oil benchmark, rose nearly 1% to $106.48 per barrel.

The rupee fell to a low of 95.73 against the US dollar due to high crude oil prices and foreign fund outflows.

Foreign Institutional Investors (FIIs) sold equities worth ₹4,703.15 crore on Wednesday (May 13, 2026), while Domestic Institutional Investors (DIIs) purchased stocks for ₹5,869.05 crore, according to exchange data.

On Wednesday (May 13, 2026), the 30-share BSE Sensex rose 49.74 points to settle at 74,608.98. The 50-share NSE edged higher by 33.05 points to end at 23,412.60.

Published – May 14, 2026 06:32 pm IST

Source link

Sensex, Nifty extend gains for 3rd day on strong global cues, lower U.S. inflation

admin — Thu, 16 Jan 2025 11:43:50 +0000

Image for representative purposes only
| Photo Credit: PAUL NORONHA

Equity benchmark indices Sensex and Nifty rallied for the third session on the trot, helped by a rally in global markets after lower-than-expected consumer inflation in the U.S. ignited hopes of more rate cuts by the Federal Reserve.

The 30-share BSE index climbed 318.74 points or 0.42% to revisit 77,000 level at 77,042.82. During the day, it jumped 595.42 points or 0.77% to 77,319.50.

On the similar lines, the NSE Nifty rallied 98.60 points or 0.42% to 23,311.80.

“Benchmark indices continued to trade in the positive, albeit off highs, driven by positive investor sentiment following mild U.S. inflation data, which raised hopes for a potential rate cut by the Federal Reserve.”

“Additionally, favourable developments in the Israel-Hamas ceasefire and a reduced trade deficit further boosted the market’s upward movement. However, weak economic growth data from the UK dampened some of this optimism,” Vinod Nair, Head of Research, Geojit Financial Services, said.

From the 30-share blue-chip pack, Adani Ports, State Bank of India, Bajaj Finserv, Bharti Airtel, Tata Motors, IndusInd Bank, NTPC, Maruti, Reliance Industries and Axis Bank were the biggest gainers.

In contrast, HCL Tech, Nestle, Infosys, Hindustan Unilever, ITC and Tata Consultancy Services were among the laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled in the positive territory.

Equity markets in Europe were quoting higher. US markets rallied on Wednesday (January 15, 2025).

Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,533.49 crore on Wednesday (January 15, 2025), according to exchange data.

Global oil benchmark Brent crude dipped 0.18% to $81.88 a barrel.

In the previous session, the BSE benchmark rose 224.45 points or 0.29% to settle at 76,724.08 on Wednesday (January 15, 2025). The Nifty advanced 37.15 points or 0.16% to 23,213.20.

Published – January 16, 2025 05:13 pm IST

Source link

Swiggy IPO Sees Muted Response On First Day, Gets Bids For 1.8 Crore Shares

admin — Wed, 06 Nov 2024 12:43:22 +0000

The issue will close for bids on November 8.

Mumbai:

Online food delivery platform Swiggy saw a muted response to its Rs 11,327 crore IPO on the first day of bidding on Wednesday, as brokerages advised investors to avoid the IPO until the company’s financial performance and growth outlook improve.

The IPO received bids for about 1.8 crore shares against around 16 crore shares on offer, according to the NSE data.

Till about 4 pm, Swiggy received a total of 1,78,10,182 bids as against 16,01,09,703 shares (a mere 0.11 times), as per the NSE data.

The non-institutional investors (NIIs) subscribed for 0.05 times the quota available for them, while retail individual investors (RIIs) applied for 0.52 times the total shares offered to them.

The issue will close for bids on November 8.

The Zomato rival has fixed the price band between Rs 371 and Rs 390. Swiggy shares will be listed on the exchanges on November 13, while the allotment of shares will take place on November 11.

According to a Choice Broking IPO note, the company has experienced net losses annually since its incorporation and depends on numerous third-party providers for various operational aspects, including payment gateways and supply chain management. Another IPO note by Geojit said that “on the profitability side, Swiggy has witnessed setbacks and has recorded negative cash flow from operations since inception”.

Motilal Oswal Financial Services Ltd recommended only “High-Risk investors to ‘Subscribe for long term'”.

Over the past three fiscal years, the company has consistently reported losses on a consolidated basis. In FY22, the total income was Rs. 6,119.78 crore, with a net loss of Rs 3,628.90 crore. The following year, FY23, saw an increase in total income to Rs 8714.45 crore, but the net loss also increased to Rs 4,179.31 crore. In FY24, the total income rose further to Rs 11,634.35 crore, while the net loss was reduced to Rs 2,350.24 crore. In the first quarter of FY25, ending on June 30, 2024, the company recorded a total income of Rs 3,310.11 crore and a net loss of Rs 611.01 crore.

“These figures indicate that the company has been experiencing continuous financial losses over the reported periods,” said Bajaj Broking in its note.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Source link