Share Market HIGHLIGHTS: Sensex ends 234 pts higher, Nifty reclaims 18,300 as market extends gains to 2nd day; TechM, Wipro, Infosys, TCS up 2-3%
Share Market HIGHLIGHTS: Buying in Top 5 IT services counters, Tech Mahindra, Wipro, TCS, HCL Tech, and Infosys helped benchmark indices settle in the green on May 22. At close, the S&P BSE Sensex stood at 61,963.68, up 234 points, or 0.38 per cent while the NSE's Nifty ended at 18,314.40, up 111 points, or 0.61 per cent.
Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Buying in Top 5 IT services counters, Tech Mahindra, Wipro, TCS, HCL Tech, and Infosys helped benchmark indices settle in the green on May 22. At close, the S&P BSE Sensex stood at 61,963.68, up 234 points, or 0.38 per cent while the NSE's Nifty ended at 18,314.40, up 111 points, or 0.61 per cent.
Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
Latest Updates
Thank you! That's all today on Zeebiz.com's blog on the Indian share market
For all other news related to business, politics, tech, sports and auto, follow us on Twitter, Facebook, LinkedIn and Instagram.
Share Market HIGHLIGHTS | Sensex ends 234 pts higher, Nifty reclaims 18,300 as market extends gains to 2nd day
Sensex ends 234 points higher or 0.38 per cent at 61,963.68.
Source: NSE
Nifty reclaims 18,300, up 111 points or 0.61 per cent as the market extends gains to 2nd day.
Source: BSE
Share Market HIGHLIGHTS | Adani Enterprises, Adani Ports, Divi's Lab, Tech Mahindra among top gainers
Hero Motocorp, Axis Bank, Nestle India and Eicher Motors are among the top losers.
Source: NSE
Thanga Mayil Jewellery approves 60% payout
The board of Thanga Mayil Jewellery announced a dividend of Rs 6 per equity share of the face value of Rs 10, i.e., a 60 per cent payout to its shareholders. The company also recommended a bonus issue in the ratio 1:1 i.e., an additional share to be given to the shareholder for every one share held. Read more
Street gives a thumbs-up to Bandhan Bank's asset quality; analysts see 43% upside
Bandhan Bank shares rise on Monday, trading in high volumes, after the lender reported significant improvement in its asset quality in the March quarter though its profit dropped 57.5 per cent compared with the corresponding period a year ago.
A number of brokerages retain positive views on the stock with targets implying a potential upside of as high as 43 per cent. Click here to read more on Bandhan Bank shares.
Go First Insolvency Case | NCLAT refuses to allow lessors to take control of aircraft
Go First Insolvency Case | NCLAT refuses to allow lessors to take control of aircraft
Gland Pharma extends losses for second straight session, corrects over 17%
Gland Pharma shares extended losses for the second straight session on Monday. The trend follows after the Hyderabad-based generic injectable manufacturer reported a 52 per cent fall in operating profit to Rs 168 crore for the quarter that ended March 2023. Read more on Gland Pharma shares
Siemens tanks 10% in trade; what's bothering the Street?
Shares of Siemens Ltd (NSE: SIEMENS) slumped over 10 per cent on NSE on May 22, after the automotive company’s board on Friday approved the sale of low voltage motors and geared motors businesses to a Siemens AG subsidiary -- Siemens Large Drives India -- for Rs 2,200 crore and brokerages downgraded their rating. Read more here
TCS, Tejas Networks, other companies bag Rs 15,000-crore order from BSNL
TCS, Tejas Networks-led consortium has an received advance purchase order (APO) worth Rs 15,000 crore from BSNL for four projects. Besides, ITI also gets APO from BSNL for 4G project. Meanwhile, Tejas Networks will supply a radio access network (RAN) under the consortium.
Muthoot Finance surges as gold financier records highest loan disbursement
Muthoot Finance shares jump as much as eight per cent to Rs 1,116.9 apiece on BSE, after the country's largest gold loan NBFC reported record quarterly loan disbursements, at Rs 51,850 crore.
Source: Reuters
Balaji Amines shares tumble to 52-week low after weak Q4 show
Balaji Amines shares hit a new 52-week low of Rs 1,880 after the specialty chemicals maker reports a weak set of quarterly numbers. Its net profit for the January-March period slumped 56.4 per cent on year to Rs 47.4 crore, according to a regulatory filing.
Source: NSE
Jefferies double-upgrades Divi's to 'buy', raised target price by Rs 1,060 to Rs 3,610
According to Jefferies, Divi's Labs' should be on track to achieving mid-/high-teens revenue growth from the quarter ending September 2023.
Share Market Today LIVE | Should you buy, sell or hold PNB, NTPC, PowerGrid, Zomato, JSW Steel shares?
On the radar of some of the top brokerages are stocks such as Punjab National Bank, Zomato, PowerGrid, NTPC and JSW Steel.
Zomato shares
| Brokerage | Rating | Target price |
| CLSA | Buy | Raised to Rs 80 from Rs 70 |
| Morgan Stanley | Overweight | Raised to Rs 85 from Rs 74 |
| JPMorgan | Overweight | Reduced to Rs 90 from Rs 100 |
| Citi | Buy | Raised to RS 84 from Rs 76 |
| Jefferies | Buy | Rs 100 |
| Goldman Sachs | Buy | Raised to Rs 82 from Rs 80 |
| Nomura | Reduce | Rs 45 |
| HSBC | Buy | Raised to Rs 88 from Rs 87 |
| Credit Suisse | Outperform | Rs 82 |
TCS-led consortium bags Rs 15,000-crore order from BSNL
A consortium led by Tata Consultancy Services (TCS) has bagged an advance purchase order valued over Rs 15,000 crore from BSNL for the deployment of a 4G network across India, according to a regulatory filing.
Tata Consultancy Services Ltd, NSE: TCS shares trade flat on NSE. The counter quotes Rs 3,240.35, up by Rs 17.5 or 0.54 per cent at 10:06 AM on Monday.