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Barometer trade with minor gains; metal shares advance

Published on May 14, 2024 10:38

The domestic benchmarks continued to trade with small gains in morning trade. The Nifty hovered above the 22,100 level. Metal shares gained for the three consecutive trading sessions.

At 10:27 IST, the barometer index, the S&P BSE Sensex, was up 99.01 points or 0.14% to 72,876.23. The Nifty 50 index added 29.90 points or 0.14% to 22,133.95.

In the broader market, the S&P BSE Mid-Cap index rose 0.34% and the S&P BSE Small-Cap index added 0.92%.

The market breadth was strong. On the BSE, 2,339 shares rose and 1,033 shares fell. A total of 169 shares were unchanged.


The annual inflation rate based on all India Consumer Price Index (CPI) number is 4.83% (provisional) for the month of April 2024 over April, 2023. Corresponding inflation rate for rural and urban is 5.43% and 4.11%, respectively. CPI for the months of January, February and March 2024 are 5.10, 5.09 and 4.85 respectively.

Results Today :

Bharti Airtel (up 0.09%), Shree Cement (up 1.31%), Siemens (down 0.22%), Apollo Tyres (up 0.49%), Bajaj Electricals (up 0.42%), Colgate-Palmolive (India) (up 0.67%), Bharti Hexacom (up 1.12%), PVR Inox (up 0.36%), BLS International Services (up 2.11%), Devyani International (up 0.90%), Ideaforge Technology (up 0.3.20%), Oberoi Realty (up 0.32%), Patanjali Foods (up 0.12%), and Radico Khaitan (up 1.00%) will announce their quarterly earnings later in the day.

Buzzing Index:

The Nifty Metal index gained 1.19% to 9,203.45. The index advanced 4.09% in the three trading sessions.

Jindal Steel & Power (up 3.57%), Jindal Stainless (up 2.32%), Hindalco Industries (up 1.93%), NMDC (up 1.82%) and Hindustan Copper (up 1.69%), JSW Steel (up 1.5%), Welspun Corp (up 1.4%), Steel Authority of India (up 0.86%), National Aluminium Company (up 0.71%) and Vedanta (up 0.57%).

Stocks in Spotlight:

Maruti Suzuki gained 1.06% after the company launches two new variants of the Fronx car, priced at Rs 8.93 lakh and Rs 9.43 lakh.

Vedanta rose 0.77%. The company considers raising funds through equity issuance (FPO, rights issue) on May 16th. Its subsidiary Cairn Oil and Gas reports a 19% YoY growth in reserves and resources.

Zomato declined 1.91%. The company subsidiary Zomato Payments to voluntarily surrender its online payment aggregator license and prepaid payment instrument issuance application.

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