Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Thursday’s session flat. The NSE Nifty 50 fell 18.1 points or 0.10% to 18,297 and BSE Sensex dipped 35.68 points or 0.06% to 61,904.52. In sectoral indices, Bank Nifty rose 144.25 points or 0.33% to 43,475.3 and Nifty Pharma tanked 159.85 points or 1.26% to 12,557.05. The top gainers on Nifty 50 were Adani Enterprises, Asian Paints, Hindustan Unilever, Adani Ports and NTPC while the losers were Dr Reddy, Larsen & Toubro, Hindalco, Divis Lab and JSW Steel.
Live Updates
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
15:52 (IST) 11 May 2023 Top gainers/losers
The top gainers on Nifty 50 were Adani Enterprises, Asian Paints, Hindustan Unilever, Adani Ports and NTPC while the losers were Dr Reddy, Larsen & Toubro, Hindalco, Divis Lab and JSW Steel.
15:52 (IST) 11 May 2023 Bank Nifty ends above 43450; Nifty Pharma tanks 1.2%
In sectoral indices, Bank Nifty rose 144.25 points or 0.33% to 43,475.3 and Nifty Pharma tanked 159.85 points or 1.26% to 12,557.05.
15:51 (IST) 11 May 2023 Nifty, Sensex end flat
The NSE Nifty 50 fell 18.1 points or 0.10% to 18,297 and BSE Sensex dipped 35.68 points or 0.06% to 61,904.52.
14:15 (IST) 11 May 2023 Dr Reddy’s Labs share outlook: Will falling Revlimid sales hit Dr Reddy’s as pharma grows?
Dr Reddy’s Laboratories shares tanked 6.6% to Rs 4,545 today, pulling the Nifty Pharma down over 1% after the company posted a lower-than-expected EBITDA, net profit, and higher operating expenditure. Analysts attribute the weakness in net profit to the weak sales of gRevlimid medicine, a global blockbuster cancer drug. The company’s stock has fallen over 4% in the last one month while it has jumped over 7% year to date. In comparison, Nifty Pharma has jumped 3.4% in the last one month and is up nearly 1% YTD.
Check target price
13:02 (IST) 11 May 2023 Nifty, Sensex turn flat; check top gainers/losers
NSE Nifty 50 and BSE Sensex turned flat in the intraday trade. The NSE Nifty was trading at 18315 and BSE Sensex was at 61,958.08. The top gainers on Nifty 50 were Adani Enterprises, Adani Ports, Hindustan Unilever Ltd, NTPC and UltraTech Cement while the losers were Dr Reddy, Larsen & Toubro, Hindalco, JSW Steel and Bharti Airtel.
12:18 (IST) 11 May 2023 Nifty pharma tanks 1%; check losers/gainers
Nifty Pharma tanked 1.03% to 12,585.8. The top losers on the index were Dr Reddy, Aurobindo Pharma, Zydus Life, Alkem and Laurus Labs while the gainers were Sanofi, Glenmark, Ipca Labs, Pfizer and Abott India.
11:03 (IST) 11 May 2023 Angel One registers 46.6% on-year growth to reach a client base of 14.13 million
Angel One Limited (formerly known as Angel Broking Limited) achieved a substantial on-year growth of 46.6% in its client base, reaching 14.13 million as of April 2023. The company acquired 0.38 million new clients in the first month of the current financial year. Indicating its continuous remarkable performance in the fintech industry, Angel One’s overall average daily turnover reached Rs 21.98 trillion, marking a growth of 131.9% on-year.
10:08 (IST) 11 May 2023 Larsen & Toubro share price tanks 5% today after Q4 profit misses estimates
Larsen & Toubro share price tanked 5% to Rs 2,244 today after the company’s Q4FY23 results missed analysts’ expectations. The net profit rose 10% to Rs 3,986.78 in Q4FY23 crore from Rs 3,620.69 crore in the same quarter last year. The board has recommended a final dividend of Rs 24 per share of the face value of Rs 2 each. L&T share price has fallen 2.5% in the past one month while the stock has jumped over 40% in the last one year.
Should you buy, sell, hold L&T?
09:33 (IST) 11 May 2023 Top gainers/losers
The top gainers on Nifty 50 were Adani Enterprises, Adani Ports, HDFC Life and UPL while the losers were Dr Reddy, Larsen & Toubro, Hindalco, Bharti Airtel and Eicher Motors.
09:33 (IST) 11 May 2023 Bank Nifty jumps above 43400; Pharma tanks 1%
In sectoral indices, Bank Nifty climbed 85.35 points or 0.20% to 43,416.4 and Nifty Pharma fell 136.55 or 1.07% to 12,580.35.
09:27 (IST) 11 May 2023 Adani Enterprises share price jumps 4%
Adani Enterprises share price jumped 3.72% to Rs 1962 after the Gautam Adani led group said that on Saturday the board will consider fundraising through various methods, said the company on Wednesday. The board will meet in Ahmedabad.
09:25 (IST) 11 May 2023 Godrej Consumer Products share price jumps over 2%
Godrej Consumer Products share price jumped 2.28% to Rs 984.5 after the company reported a 24.47% growth in its consolidated net profit to Rs 452.14 crore in the fourth quarter ended March 31, 2023, led by volume growth.
09:24 (IST) 11 May 2023 Procter & Gamble Hygiene and Health Care share price falls nearly 1%
Procter & Gamble Hygiene and Health Care share price fell 0.8% to Rs 13605.4 after the comapny reported a dip in quarterly sales on Wednesday, as a pandemic-driven demand for healthcare products waned with new COVID cases dropping across the country.
09:22 (IST) 11 May 2023 Larsen & Toubro share price tanks 4%
Larsen & Toubro share price tanked 4% to Rs 2268.4 after the company posted its fiscal fourth-quarter profit at Rs 3,986.78 crore, up 10.1% from Rs 3,620.69 crore in the same quarter last year. It recorded revenue from operations at Rs 58,335.15 crore
09:21 (IST) 11 May 2023 Dr Reddy’s Laboratories share price tanks 4%
Dr Reddy’s Laboratories share price tanked 4.29% to Rs 4659.05 despite the company reporting nearly an eleven-fold surge in fourth-quarter profit, driven by higher sales from its mainstay generic drugs business in North America. The Hyderabad-based company’s consolidated profit rose to Rs 9.59 billion in the three months ended March 31, compared with Rs 875 million on-year.
09:19 (IST) 11 May 2023 Nifty, Sensex open in green
The NSE Nifty 50 jumped 23.35 points or 0.13% to 18,338.45 and BSE Sensex surged 112.12 points 0.18% to 62,052.32.
09:16 (IST) 11 May 2023 Canara Bank, Manappuram Finance, BHEL, GNFC under F&O ban today
The National Stock Exchange has Canara Bank, Manappuram Finance, BHEL and GNFC securities on its F&O ban list for 11 May. According to the NSE, stocks are prohibited in the F&O sector when they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in that stock.
09:15 (IST) 11 May 2023 FII/DII data
Foreign institutional investors (FII) bought shares worth net Rs 1,833.13 crore, while domestic institutional investors (DII) sold shares worth net Rs 789.67 crore on May 10, according to the provisional data available on the NSE.
09:15 (IST) 11 May 2023 Crude prices gain
Oil prices rose in early Asian trade on Thursday after strong demand for fuels in the U.S. outweighed concerns about the possibility of the world’s biggest oil producer and consumer defaulting on its debt. Brent crude futures rose by 26 cents, or 0.34%, to $76.67 a barrel by 0015 GMT. U.S. crude futures rose 28 cents to $72.84.
09:14 (IST) 11 May 2023 Nifty, Sensex may log gains in early trades
“Benchmark indices may log gains in early trades after US inflation fell to 4.9% in April, the lowest since April 2021, which could lift the sentiment and raise expectations of a dovish stance by the Fed in its next meeting. While global mood would dictate trend, Indian markets have been resilient so far on the back of persisting FII buying and strong macroeconomic fundamentals. Technically, caution for Nifty bulls only below the 18181 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
09:13 (IST) 11 May 2023 US indices end mostly in green
The US market ended the overnight session mostly in green after US CPI inflation fell below 5% for the first time in two years – Dow Jones Industrial Average (DJIA) fell 0.09%, S&P 500 climbed 0.45% and the tech-heavy Nasdaq jumped 1.04%.
09:13 (IST) 11 May 2023 Asian markets trade mixed
Asian markets were trading mixed – Hong Kong’s Hang Seng fell 0.07%, Japan’s Nikkei 225 plunged 0.2%, China’s Shanghai Composite rose 0.17% and South Korea’s KOSPI climbed 0.44% on Thursday.
09:13 (IST) 11 May 2023 SGX Nifty in green
The Nifty futures on the Singapore Exchange (SGX) were trading 30 points or 0.16% higher at 18,388 in today’s early morning trade.