THURSDAY
Sensex falls! These stocks fell 5% or more in Thursday's session
In the Nifty pack, 23 stocks closed in the green, while 26 stocks ended in the red.
ICICI Pru Life shares fall 0.85 per cent in Thursday's trading session
The Relative Strength Index of the stock stood at 71.13 on Thursday.
Varun Beverages shares fall 0.3 per cent in Thursday's trading session
The Relative Strength Index of the stock stood at 53.26 on Thursday.
DLF shares fall 0.11 per cent in Thursday's trading session
The Relative Strength Index of the stock stood at 48.18 on Thursday.
Q1 results today: TCS, Anand Rathi Wealth among 17 companies to announce earnings on Thursday
Tata Consultancy Services (TCS) and 16 other companies, including Akme Fintrade, will report Q1 results on Thursday. TCS anticipates an 8% profit rise. Prabhudas Lilladher and ICICI Securities provided top estimates. Kotak Equities predicts 5% sales growth. Revenue growth from strong orders; weakness in financial services. EBITDA up 10%; wage revision affects EBIT margins; sequential growth; weak telecom revenues expected.
Ahead of Market: 10 things that will decide D-Street action on Thursday
Indian stock markets hit record highs on Wednesday before reversing course. The Nifty 50 closed at 24,324, down 0.45%, while the Sensex settled at 79,924, down 0.53%. The Nifty formed a bearish engulfing pattern, suggesting potential further downside, but remained above the 24,180 support level.
Tech View: Nifty Put unwinding suggests correction ahead. Here’s how to trade on Thursday
Nifty on Wednesday formed a bearish engulfing pattern on the daily chart as the index ended 109 points lower but sustained above the immediate support of 10-day EMA around 24,180 levels ahead of the Thursday weekly expiry.
Sensex rises! But these stocks fell 5% or more in Thursday's session
In the Nifty pack, 22 stocks closed in the green, while 28 stocks ended in the red.
Ahead of Market: 10 things that will decide D-Street action on Thursday
Benchmark BSE Sensex breached the historic 80,000 level intraday for the first time while Nifty raced more than 162 points to close at a fresh lifetime high on Wednesday following heavy buying in banking and FMCG shares amid firm global market trends. Bulls have regained control from bears. This shift in sentiment has once again favored long trades in the market.
Parts of Manipur flooded after heavy rain, schools to remain closed till Thursday
Heavy rainfall in Manipur's Imphal West and Imphal East districts has led to severe flooding, exacerbated by breaches in embankments along the Imphal, Kongba, and Iril rivers. The state government has declared a holiday for all government offices and closed schools until Thursday due to the flood situation. Residential areas have been inundated, affecting over 1,000 people, with significant flooding also reported along the India-Myanmar road. Relief and rescue efforts are ongoing, while the Indian Red Cross Society recovered the body of a man from the Senapati river amid the challenging conditions caused by incessant rains.
Sensex rises! But these stocks fell 5% or more in Thursday's session
In the Nifty pack, 37 stocks closed in the green, while 13 stocks ended in the red.
Ahead of Market: 10 things that will decide D-Street action on Thursday
According to experts, financial and consumption stocks are currently gaining momentum due to enhanced balance sheets, robust GDP growth projections, and easing inflation. He noted that global market trends are reflecting similar patterns, with a general agreement on the likelihood of upcoming rate cuts.
Piyush Goyal to meet exporters Thursday
India’s goods exports in FY24 were $437.1 billion and imports were $675.4 billion. The ministry has been developing standard operating procedures to negotiate free trade agreements with other countries and could come up for discussion, said another person aware of the meeting. Exporters are also likely to take up the issue of extending the Production-Linked Incentive (PLI) scheme to leather intensive sectors such as leather and footwear.
The Economic Times' "The Morning Brief" podcast wins SOPA 2024 Award for excellence in audio reporting
The Economic Times' Morning Brief Thursday won the Excellence in Audio Reporting (Regional) award at The SOPA 2024 Awards, marking the first time an Indian news podcast has won a SOPA Award. The episode, hosted by Anirban Chowdhury, discussed excessive flying, inadequate rest periods, regulatory lapses, and safety hazards in Indian pilots.
Sensex rises! But these stocks fell 5% or more in Thursday's session
In the Nifty pack, 27 stocks closed in the green, while 23 stocks ended in the red.
The Thursday Murder Club: Storyline, cast and all you need to know
The production of ‘The Thursday Murder Club' will begin in June. The movie is based on a book written by Richard Osman and will see a power packed cast of actors who will be a part of this venture.
Tencent sells Rs 415.7-cr PB Fintech shares
Tencent Cloud Europe BV divested ₹415.7 crore worth of PB Fintech shares in a bulk transaction on the NSE, selling 33 lakh shares at ₹1,259.7 each.
Grey's Anatomy Season 20 Episode 10: Here’s release date, how to watch and more
Grey’s Anatomy Season 20 Episode 10 will air on May 30, 2024, at 8 p.m. ET on ABC. The season began on March 14, 2024, with episodes released weekly on Thursdays. You can watch on ABC, ABC.com, Hulu in the US, and Disney+ in the UK, Australia and New Zealand.
Tech View: Dark cloud pattern seen on Nifty charts. What traders should do on Thursday expiry
Nifty on Wednesday ended 183 points lower near the 22,700 level as the index formed a dark cloud cover candlestick pattern on the daily chart.
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