Market Highlights

---

Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

---

May 10, 2024

• 5 reasons why stock market is falling ahead of Lok Sabha election outcome.
• FIIs selling
• Pre-election jitters
• Premium valuation
• Unimpressive Q4 earnings
• Lack of fresh triggers
• Important Update on Saturday Live Trading Session in Equity & FNO Segment.
• Please note ,BSE and NSE to Conduct Special Live Trading Session on Saturday, 18th May, 2024 from 9.15hrs to test a disaster recovery site
• This special live trading will be conducted in two trading sessions as follows:-
• Trading Session 1 Time
• Pre-Open open time 09:00 hrs
• Pre-Open close time 09:08 hrs
• Normal Market open time 09:15 hrs
• Normal Market close time 10:00 hrs
• Trading Session 2 Time
• Normal Market open time 11:30 hrs
• Normal Market close time 12:30 hrs
• Plz Note that purchase of Friday cannot be sold on Saturday’s session
• Dow closes more than 300 points higher, securing 7th winning day. US Indices close higher on Fed Rate Cut optimism. 10-, 30-year Treasury yields set four-week lows again after weekly jobless-claims data. Oil prices post back-to-back gains, but lackluster gasoline demand raises concerns.
• Nifty closed 21 957 50 345 00 and Sensex 72 404 17 1 062 22 on Thursday GIFT Nifty was trading at 22 140 (as of 7 30 a m
• FIIs net sold equities in cash to the tune of Rs 6 995 cr whereas DIIs bought equities in cash worth Rs 5643 cr on May 09 2024
• Tata Motors to spin off its NBFCs, merge them with Tata Cap
• SBI standalone net profit surges 24 YoY to a record, GNPA lowest in 10 years
• Local Funds’ equity holding tops FPI assets for first time in April
• Small cars will be big again, says Maruti Suzuki Maruti may drive in electric hatchback
• Asian Paints’ net profit rose 2 YoY in Q 4 Fy 24
• Bharti Enterprises sells shares of ICICI Lombard for Rs 663 crore
• Relaxo Footwears reported a 3 YoY decline in consolidated net profit for Q 4 FY 24 to Rs 61 39 crore, as against Rs 63 3 crore in Q 4 FY 23
• Bikes will retake pre Covid peak in 2 years TVS
• IOB Q 4 FY 24 standalone net profit rises 24 YoY to 808 cr
• Abbott India Q 4 Results Net profit rises 24 YoY on higher sales
• Hindustan Petroleum Corporation Ltd ..( consolidated net profit declined 25 YoY to 2 709 cr in Q 4 FY 24 company announces a bonus issue of 1 2
• Brigade Group acquires land for Rs 660 Crore housing project in Bengaluru
• BPCL Q 4 Results Net profit down 30 YoY to Rs 4790 crore on weak refining margins, co announces a 1 1 bonus issue
• Punjab National Bank's standalone net profit rose 159 YoY to Rs 3 010 2 crore in Q 4 FY 24
• Alkyl Amines Chemicals Ltd consolidated net profit declined 20 94 YoY year to Rs 38 45 crore in the Q 4 FY 24
• Patel Engineering Joint Venture Bags Rs 343 Crore Project In Maharashtra
• Zydus Lifesciences gets USFDA approval for generic acne treatment gel
• Indian ADRs Wipro (-1.2%) HDFC Bank (-1.3%) Dr Reddy’s (-2.8%)