Sensex Today: Stock Market Crash Live Updates: Sensex rebounds from day’s low, but still down 300 points; Nifty nears

MS cuts India’s FY23 growth forecast

Capital expenditure of tyre makers to rise to Rs 5,000 crore this fiscal: CRISIL

The capital expenditure of tyre makers is expected to increase to around Rs 5,000 crore this fiscal on the back of improving demand, as against around Rs 3,700 crore annually in the preceding two fiscals, according to a CRISIL report. The demand is likely to be driven by segments such as replacement, commercial and passenger vehicles (CVs and PVs), along with exports, the credit ratings agency said, adding that credit profiles of tyre makers are expected to remain “stable”.

Top 5 gainers on NSE in an otherwise weak market

Price as on 11 May, 2022 02:24 PM, Click on company names for their live prices.

Delhivery IPO subscription status: Issue receives 4% bids so far on Day 1

European stocks extend rebound ahead of U.S. inflation data

European shares rose on Wednesday, extending a rebound from two-month lows hit earlier this week, as investors awaited U.S. consumer price data for cues on whether inflation was peaking. The continent-wide STOXX 600 index rose 0.4% by 0715 GMT, with real estate leading morning gains. Data is expected to show U.S. consumer price index (CPI) cooled to 0.2% in April from 1.2% in March. Surging inflation has raised concerns that the Federal Reserve will raise interest rates aggressively.

NIFTY SLIPS BELOW 16,000 FOR THE FIRST TIME SINCE MAR 9

LIC shares may list at a discount, indicates grey market

The deteriorating sentiment in equity markets is hurting the prospects of listing-bound companies and LIC is no exception. The insurance behemoth is signaling at a discounted listing, if one goes by the grey market premium. In the unofficial market, LIC is exchanging hands at a discount of Rs 20 per share over its issue price of Rs 949, which is merely Rs 25 away from the discount offered to retail bidders. LIC’s premium in the grey market dropped from Rs 100 to Rs 10 on Tuesday and then turned negative on Wednesday, just a day before allotment.

Market LIVE Updates: IB Housing, Welspun India, JSW Energy tank up to 17%

Price as on 11 May, 2022 01:03 PM, Click on company names for their live prices.

Infosys could see a bounce back after 20% fall from 52-week highs; time to buy?

BSE SMALLCAP index tanks over 3%, underperforms benchmark Sensex

Sensex Today LIVE: Index tanks 600 points on losses in Infosys, RIL

Adani Ports board meeting rescheduled to May 24; earnings were to come today

Adani Ports and SEZ has informed BSE that the meeting of the Board of Directors of the company is scheduled on May 24 to consider and approve the audited financial results for the quarter and year ended 31st March, 2022 and to recommend divided on equity shares, if any. The stock traded nearly 2% down.

Market LIVE Updates: Asahi Songwon board to consider buyback & dividend on May 19

Price as on 11 May, 2022 12:31 PM, Click on company names for their live prices.

Suzuki Motor FY23 sales in India are expected to rise 11% YoY: Informist

Price as on 11 May, 2022 12:21 PM, Click on company names for their live prices.

KALYAN JEWELLERS Q4 EARNINGS

New investor? Here’s what you can do to navigate market volatility

Alembic Pharmaceuticals Ltd on Wednesday said it has received final approval from the US health regulator for its generic version of Arformoterol Tartrate inhalation solution indicated for long-term treatment of bronchoconstriction in patients with chronic obstructive pulmonary disease.

Price as on 11 May, 2022 12:01 PM, Click on company names for their live prices.

Venus Pipes & Tubes IPO sails through with 90 mins

The Rs 165.42 crore initial public offering of Venus Pipes and Tubes sailed through within the first 90 minutes of the bidding process on the first day itself. The issue, which opened for subscription on Wednesday, May 13, can be subscribed till Friday, May 13. The company is selling its shares in a lot size of 46 equity shares in a price range of Rs 310-326. According to the data from BSE, the investors made bids for 39,83,186 equity shares or 1.12 times compared to the 35,51,914 equity shares offered for the subscription by 11.45 am on Wednesday, May 11.

Market LIVE Updates: BSE Bank index defies market mood, trades in the green

The BSE Bankex was among the only two sectoral gainers at this hour. The index traded in the green as investors lapped up shares of largecap banking counters. Kotak, Axis, ICICI and HDFC Bank were the only gainers from the pack while BoB, Federal Bank and IndusInd Bank were the top losers.

Jhunjhunwala’s pharma stock bet tanks 19% after poor Q4 numbers

Shares of Dishman Carbogen Amcis tumbled more than 19 per cent on Wednesday as the company reported negative bottomline in the quarter ended March 2021 quarter. The pharmaceutical player’s net loss narrowed to Rs 44.62 crore in the March 2022 quarter. The company reported a net loss of Rs 135.02 crore in the same quarter previous year. In December 2021 quarter the company clocked a net profit of Rs 35.38 crore

Texmaco Rail & Engineering bags order for 20.067 wagons valuing Rs 6,450 crore. The order is to be executed over a period of thirty-nine months against the recent Railway tender for wagons issued by the Indian Railways.

Price as on 11 May, 2022 10:44 AM, Click on company names for their live prices.

Sensex today LIVE: Index extends slides, tumbles 600 points

The pull from the 15800 region has ensured that the 16400 emerged powerful enough to reject relief rallies twice in as many days. Meanwhile, a bearish continuation pattern has also formed, making it crucial for Nifty to float above 16200 for most part today, to utilize the oversold conditions, for a push above 16400,but its chances look low though. Else, brace for a 15900 move.

– Anand James – Chief Market Strategist at Geojit Financial Services

Vodafone Idea shares rise 3% as Q4 loss narrows

Top 5 gainers from the real estate pack

Price as on 11 May, 2022 10:20 AM, Click on company names for their live prices.

Delhivery IPO opens: Should you subscribe to it?

The issue is open for subscription till Friday, May 13. Investors can bid a minimum of 30 equity shares and in multiples thereafter. The net proceeds from the fresh shares will be utilized towards the company’s organic and inorganic growth initiatives via acquisitions and other strategies. After the recent rout in startup and platform stocks, brokerage firms say investors should take a long-term call on such counters. However, those recommending to avoid the IPO are concerned about lofty valuations, mounting losses, negative cash flow and rising operational costs due to rise in fuel prices.

Sensex today LIVE: Index down nearly 500 points from day’s high

After opening in the green, BSE barometer Sensex reversed gains to trade in the red amid losses in Infoys, RIL, HUL and Asian Paints.

Three trends stand out in the ongoing bear phase in the market. One, India is outperforming: while Nasdaq and S&P 500 are down 27% and 17% from the peak, Nifty is down only 12%. Two, large-caps are outperforming mid-and small-caps: Small-cap and Mid-cap indices are down 24% and 17% respectively from the peak while Nifty is down only 12%. Three, value is outperforming growth. Sustained buying by DIIs and retail investors is imparting resilience to the market even when FPIs continue to be in the sell mode. An unhealthy trend in the market is retail investors chasing low-grade cheap stocks. The only sensible strategy in this highly volatile environment is to buy small quantities of high quality stocks for the long-term and refrain from speculation.

– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Voda Idea, Adani Power, YES Bank among most active stocks on NSE

Price as on 11 May, 2022 09:23 AM, Click on company names for their live prices.

Sector Watch: NIFTY METAL rebounds, rises over 1%

Sensex Heatmap: 19 of 30 index stocks in the green in opening deals

OPENING BELL: Sensex gains 150 points, Nifty50 nears 16,300; Gujarat Gas jumps 6%, Adani Power drops 4%

Pre-open session: Sensex gains 180 points, Nifty above 16,250

Q4 results today

SGX Nifty signals a negative start

Nifty futures on the Singapore Exchange traded 43 points, or 0.27 per cent, lower at 16,167.50, signaling that Dalal Street was headed for a negative start on Wednesday.

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