Share Market HIGHLIGHTS: Sensex, Nifty extend losses to 3rd day in a row; SBI, ITC down 2%, GAIL 4%
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex finished a volatile session in the red on Thursday, continuing to fall for the third day in a row. The focus in the Indian share market remained on the last leg of the earnings season, with more than 100 companies scheduled to report their financial results on May 18. Globally, caution persisted among investors with the US debt ceiling talks and a mixed set of economic data weighing on sentiment.
Catch minute-by-minute updates of all the action in the Indian share market, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy, and much more only on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex finished a volatile session in the red on Thursday, continuing to fall for the third day in a row. The focus in the Indian share market remained on the last leg of the earnings season, with more than 100 companies scheduled to report their financial results on May 18. Globally, caution persisted among investors with the US debt ceiling talks and a mixed set of economic data weighing on sentiment.
Catch minute-by-minute updates of all the action in the Indian share market, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy, and much more only on Zeebiz.com's blog:
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Share Market Today | Sensex finishes 524 points off day's high, Nifty at 18,130; SBI, ITC down 2%
The Sensex finishes the volatile session with a loss of 128.9 points or 0.2 per cent at 61,431.7, having gyrated in a range of more than 600 points in intraday trade. The Nifty 50 loses 51.8 points or 0.3 per cent for the day to settle at 18,130, after broadly moving within the 18,100-18,300 band during the session.
Here's how the headline indices moved through the day:
Nifty 50
Sensex
Images: NSE, BSE
Share Market Today LIVE | ITC reports standalone profit of Rs 5,090 crore, beats estimates
ITC on May 18, 2023, reports a standalone net profit of Rs 5,090 crore for the quarter ended March 2023. The profit is better than estimates. Click here to read more
Besides, the cigarette-to-hotel conglomerate also has announced a special dividend of Rs 2.75 and a final dividend of Rs 6.75 per ordinary share of Re 1 each for the financial year ended March 31, 2023. Click here to read more on ITC dividend 2023 announcement.
GAIL Q4 Results | Reports standalone net profit of Rs 604 crore, misses estimates
GAIL on May 18, 2023, reports a standalone net profit of Rs 603.52 crore for the quarter ended March 2023 (Q4FY23), down 77.5 per cent against Rs 2,683.11 crore logged in the year-ago period. Read more
Share Market Today LIVE | SBI shares fall after Q4 results, dividend announcement
State Bank of India NSE: SBIN shares trade in the red at Rs 578.5, down by 1.3 per cent or Rs 7.8 on NSE, after India's largest bank by assets reports a net profit of Rs 16,694.5 crore for the quarter ended March 2023 and announces a dividend of Rs 11.3 apiece. Click here to read more on SBI dividend
Source: BSE
SBI Q4 Results | India's largest bank by assets beats analysts' estimates with Rs 16,694.5 crore net profit, declares Rs 11.3/share dividend
PSP Projects results | PAT at Rs 46 crore vs Rs 55 crore a year ago, board declares Rs 2.5/share dividend
Zydus Lifesciences Q4 Results | Net profit at Rs 297 crore vs Rs 397 crore a year ago, declares 600% payout
According to the regulatory filing, Zydus Lifesciences's revenue comes in at Rs 5,010 crore for the quarter ended March 2023 as against Rs 3,864 crore for the corresponding period a year ago. According to Zee Business research, Zydus Lifesciences' quarterly net profit was estimated at Rs 722 crore and revenue at Rs 4,722 crore.
The drug maker on Thursday announced a final dividend of Rs 6 per equity share of face value of Re 1 i.e., a 600 per cent payout to its shareholders. "The Board of Directors at their meeting held today have recommended a final dividend of Rs. 6.00/- (@ 600%) per equity share of Re. 1/- each, subject to approval of the shareholders at the ensuing Annual General Meeting scheduled to be held on August 11, 2023, " the company's filing said.
More than 100 companies in line to report quarterly numbers today
SBI, ITC, GAIL, Interglobe Aviation (IndiGo) and Tata Elxsi are in the long list of companies scheduled to report their quarterly performance reports today:
- AAATECH
- ALAN SCOTT
- ARVIND
- ATLANTADEV
- ATLINFRA
- AUTOIND
- AXTEL
- BATAINDIA
- CENTENKA
- CFL
- CHEMFABALKA
- CLEAN
- CONCOR
- CORALFINAC
- DAAWAT
- DHOOTIN
- DIKSAT
- DIVGIITTS
- DJML
- EY
- FERVENTSYN
- FUTSOL
- GAIL
- GANGAPHARM
- GGAUTO
- GLAND
- GNFC
- GREENCREST
- GRINFRA
- GULFOILLUB
- HCC
- HELPAGE
- HNDFDS
- HOCL
- HTMEDIA
- HYBRIDFIN
- IGPL
- INDIGO
- INDPRUD
- INDRAIND
- INTEGSW
- ITC
- JETAIRWAYS
- JOSTS
- JUPITERIN
- KAMDHENU
- KAMOPAINTS
- KEDIACN
- KIMS
- LIKHITHA
- LYKISLTD
- MANINDS
- MEGRISOFT
- MODCL
- MPILCORPL
- MUKATPIP
- NELCAST
- ORIENTPPR
- PANCARBON
- PFS
- PIIND
- PNBHOUSING
- POOJA
- PRAGBOS
- PREMCO
- PSPPROJECT
- RAMAPHO
- RAMCOCEM
- REFEX
- RITES
- RRFIN
- SAH
- SBC
- SBIN
- SHALBY
- SHARDA
- SHREYAS
- SKYGOLD
- SMCGLOBAL
- SMIFS
- SPCAPIT
- STELLANT
- SUMICHEM
- SYRMA
- TASTYBIT
- TATAELXSI
- TCI
- THOMASCOOK
- TIMESGTY
- TRANSPEK
- TREEHOUSE
- UJJIVAN
- UNITDSPR
- UNIVCABLES
- UNOMINDA
- VBIND
- VCKCAP
- VERITAS
- VINDHYATEL
- VOLLF
- YOGI
- ZNIVITRD
- ZODIACVEN
- ZYDUSLIFE
Catch LIVE updates on Q4 results here
Share Market LIVE Updates: Jubilant FoodWorks shares decline
Shares of Jubilant FoodWorks – Domino's pizza maker – slipped during Thursday’s trading sessions a day after the company reported below-than-expected results for the quarter ended March 2023. Read More
Jubilant FoodWorks share price dipped as much as 5.4 per cent to hit a day’s low level of Rs 455.90 apiece. The stock at around 12:40 PM was down over 1.5 per cent to Rs 473 a share on the BSE.
The QSR company reported a 70 per cent decline in consolidated net profit at Rs 28.54 crore, impacted by higher expenses and raw materials costs in Q4.
Nifty Today LIVE | ICICI Bank, HDFC Bank, Infosys, Bajaj Finance among top movers
ICICI Bank, HDFC Bank, Infosys and Bajaj Finance are the top movers in both the Sensex and Nifty baskets at this hour. On the contrary, Larsen & Toubro, ITC, HUL, Divi's Lab and Titan are among the top draggers.
Source: NSE
Share Market Today LIVE | ITC within Re 1 of all-time high
Cigarettes-to-hotels conglomerate ITC's shares rise to trade within one rupee of an all-time high scaled earlier this month. ITC shares gain as much as one per cent to touch Rs 432.5 apiece on BSE.
Source: BSE
On May 8, the stock scaled a record Rs 433.5 apiece.
Share Market Today LIVE | Tata Chemicals, TVS Motor, Bharat Forge among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Vikas Sethi, Kunal Saraogi, Himanshu Gupta and Sumeet Bagadia share their top recommendations for the day in this special segment, Pick of the Day. Click here to know about Tata Chemicals, TVS Motor, Bharat Forge and other stocks
Share Market LIVE Updates: ITC shares rise ahead of Q4 earnings
ITC Limited's share price was trading near a 52-week high level ahead of March quarter earnings for the last fiscal on Thursday.
The stock jumped more than 1 per cent at the market open to touch the day’s high level of Rs 432.50 per share – this is near a 52-week high of Rs 433.45 apiece, touched last week on May 8, 2023. Read More
The FMCG major is expected to report double-digit percentage growth in profit, while revenue is seen coming in the mid-single digit. Read More
Share Market LIVE Updates: Top gainers
Major stocks such as Jindal Stainless, Restaurant Brands Asia, Honeywell Automation, EIH Limited and other shares are top gainers during Thursday's session. These companies' shares are rising on the back of Q4 earnings and corporate actions.
