SGX Nifty Down 38 Points, IOC Approves Bonus Issue, Bharti Airtel Q4 Results, and Top Buzzing Stocks Today

Wed, 18 May Pre-Open

   Previous Close   

   10:30 am   

   Closing   

On Tuesday, Indian share markets extended early gains as the session progressed and ended near the day's high.

Benchmark indices rose for a second consecutive session as heavy buying in index heavyweight stocks improved sentiment.

At the closing bell on Tuesday, the BSE Sensex rallied 1,345 points, ending 2.5% higher.

Meanwhile, the NSE Nifty zoomed 417 points, ending at 16,259.

Tata Steel, Reliance Industries, and ITC were among the top gainers. All stocks from the Sensex ended in green.

Life Insurance Corporation (LIC) debuted on the exchanges at Rs 865 per share, which was a discount of 9% over issue price. The stock ended its first trading day at Rs 872 apiece on BSE.

With its listing yesterday, LIC became the fifth-largest company in India valued over Rs 6 tn.

The broader markets ended higher as the BSE Mid Cap index surged 2.5% while the BSE Small Cap index jumped 2.8%.

All sectoral indices ended on a firm note with stocks in the metal sector and energy sector witnessing most of the buying.

At 7:40 AM today, the SGX Nifty was trading down by 38 points or 0.2% lower at 16,230 levels.

Indian share markets are headed for a negative opening today following the trend on SGX Nifty.

Speaking of stock markets, we recently recorded a video on our YouTube channel talking about the 5 most undervalued midcap stocks to add to your watchlist.

In the last two years, while the Nifty 50 gave a return of 81%, the Nifty midcap 100 index has given 126% return.

Wish to find out the attractive midcap stocks amid the recent sell-off? Tune in to the below video to find out:

Top Buzzing Stocks Today

Vedanta share price will be among the top buzzing stocks today.

Vedanta Aluminium has entered into a long-term partnership with National Highways Authority of India to construct greener roads in Odisha with the use of fly-ash.

Fly-ash, which is a by-product of thermal power generation using coal, finds usage in the cement, construction, and infrastructure industries.

Every tonne of fly-ash used in cement manufacturing saves around 700-800 kg of carbon emissions and 341 liters of water.

In fiscal 2022, Vedanta Aluminium has utilised nearly 0.28 m tonnes of fly-ash in cement production and supplied 0.27 m tonnes for brick manufacturing.

Indian Oil Corporation share price will also be in focus today.

The country's largest oil firm, posted the highest-ever revenue by any Indian corporate at Rs 7.3 tn which is equivalent to US$ 96 bn for the financial year 2022.

The company's consolidated revenue came in at Rs 7.4 tn. For the 2022 fiscal, Indian Oil Corporation reported a net profit of Rs 241.8 bn up 10.8% as compared to the previous year.

According to the company's stock exchange filing, it made record margins on turning crude oil into fuel but they were wiped away by lower cracks on naphtha as well as losses on petrol, diesel, and domestic LPG sales.

The Board of the company recommended the issue of bonus shares in the ratio of 1:2. It also declared a pre bonus final dividend of Rs 3.6 per equity share.

The final dividend is in addition to the interim dividend of Rs 9 per share paid earlier.

Market participants will also track shares of Aditya Birla Fashion & Retail, ITC, and Pidilite Industries as these companies will announce their March quarter results later today.

Bharti Airtel March quarter results

Telecom major Bharti Airtel's net profit more than doubled, rising 164% to Rs 20.1 bn in the quarter ended March 2022.

During the quarter under review, revenue from operations rose 22% to Rs 315 bn compared with Rs 257.5 bn in the corresponding period of last year.

The growth was backed by strong and consistent performance delivery across the portfolio.

The consolidated revenues for the quarter grew by 5.5% and EBITDA margins expanded to 50.8%.

Commenting on the results, MD and CEO, Gopal Vittal said:

• We continue to remain optimistic about the opportunities in the coming years and believe we are well poised as a company for three reasons.
  
  First, our ability to execute consistently to a simple strategy of winning with quality customers and delivering the best experience to them.
  
  Second, our future proofed business model with massive investments in both infrastructure and digital capabilities. Finally, our financial prudence backed by our strong governance focus.

For 2022 fiscal, the Board has recommended a dividend of Rs 3 per fully paid-up equity share of face value Rs 5 and Rs 0.75 per partly paid-up equity share (paid-up Rs. 1.25 per share).

For more details, check out Bharti Airtel's latest quarterly results.

India's wholesale inflation for April 2022

As per the data released by the Commerce Ministry, the wholesale prices rose 15.08% in April while the wholesale price index (WPI) stood at 14.55% in March.

High commodity prices amid supply-chain disruptions due to geopolitical crisis have pushed up the input costs for producers resulting in record inflation.

Fuel prices, a big component of the increase, were up 38.7% on the year versus 34.5% in March.

This is the 13th straight month that the country has witnessed double-digit inflation. Nearly all components of the WPI have contributed to this high inflation.

The high inflation print will put further pressure on the central bank to act on rates and further tighten monetary policy.

In the next monetary policy due in June, it is expected to raise rates further and also revise its 5.7% inflation forecast.

We will keep you updated on the latest developments from this space. Stay tuned.

And to know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers