Sensex Tops 74,000 in Mock Trading Session Today | HAL, Mazagon Dock, Bharat Dynamics Surge 5% | All Sectoral Indices in Green

Sat, 18 May Closing

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Indian share markets ended the mock trading session on a positive note tracking strong global peers and FII inflows.

The Dow Jones closed above the 40,000-mark for the first time on Friday as data supported expectations for interest rate cuts by the Federal Reserve this year.

Back home, trading took place in two sessions: the first session was from 9:15 am to 10:00 am, followed by the second session from 11:30 am to 12:30 pm.

During both these sessions, the markets remained rangebound, on the positive side.

There were some restrictions such as traders were only allowed to execute delivery trades, with no intraday trading permitted.

Market participants were tracking shares of Jyoti CNC Automation, Trident, Data Patterns, Ujjivan SFB, and Anupam Rasayan as these companies are slated to announce their fourth quarter results today.

At the closing bell, the BSE Sensex stood higher by 90 points (up 0.1%).

Meanwhile, the NSE Nifty closed higher by 36 points (up 0.2%).

Nestle India, Power Grid and Tata Motors were among the top gainers today.

JSW Steel, Maruti and ITC, on the other hand, were among the top losers today.

The GIFT Nifty was trading at 22,551, up by 45 points, at the time of writing.

The BSE MidCap index and the BSE SmallCap index ended higher by 0.5% and 0.8%, respectively.

All sectoral indices ended mixed with stocks in the capital goods sector, realty sector, and power sector witnessing most of the buying.

Shares of Linde India, BEML, Cummins and ABB India hit their respective 52-week highs today.

The rupee is trading at 83.27 against the US$.

Gold prices for the latest contract on MCX are trading up by 1.1% at Rs 73,750 per 10 grams.

Speaking of stock markets, Sarit Panackal talks about what to expect on Election Day, in his latest video.

Should investors worry about the election results? Watch the below video to find out.

OYO Withdraws IPO

In latest developments from the IPO space, Softbank-backed OYO is set to refile its much-awaited IPO after finalising its refinancing plans.

The company is reportedly close to raising up to US$ 450 million via sale of dollar bonds.

In preparation for the refinancing, OYO has already moved its application with markets regulator to withdraw its current draft red herring prospectus (DRHP).

The company intends to refile an updated version of the DRHP, after the bond issuance.

Oravel Stays, OYO's parent company, had in November 2023 prepaid a significant chunk of its debt amounting to Rs 16.2 bn through a buyback process.

The buyback involved repurchasing 30% of its outstanding Term Loan B of US$ 660 million. This move brought down its outstanding loan amount to around US$ 450 million.

OYO's long journey to Dalal Street started in September 2021, when OYO filed preliminary documents for a Rs 84.3 bn IPO.

The launching of the IPO was delayed due to the then volatile market conditions making the company prepare to settle for a lower valuation.

OYO has positioned itself as the largest budget hotel brand.

As an when the company decides to come out with its IPOs, your approach to gauge IPOs shouldn't be any different than how you assess other listed companies.

For more, check out the current IPOs and upcoming IPOs on our website.

Why M&M Share Price is Rising

Moving on to news from the auto sector, M&M shares are selling like hot cakes these days.

Investors are latching on to the Mahindra Group stock as the company has announced ambitious EV plans.

India's fourth-largest auto company is shifting into a higher gear and pressing down on accelerator.

It plans to fuel its business growth with an ambitious capital infusion plan. M&M is set to inject Rs 370 bn into its business, across different segments, over the next three years.

The company has outlined a new strategy for the coming five years with a focus on capitalizing on its market leadership in segments like SUVs, tractors and pickup trucks while scaling its growth-phase businesses five-fold during this period.

The company has allocated Rs 270 bn for the auto division between FY25 and FY27, with Rs 140 bn dedicated to the ICE vertical for new model introductions and refreshed versions of existing models.

Note that M&M was late to the EV party but now it's making up for the lost time.

The company's CEO of automotive sector has said starting January 2025, the company will be rolling out five new battery electric vehicles in the coming years.

Between 2019-2023, M&M's revenue has grown at a 5-Yr CAGR of 6.3% and the net profit has delivered a 7.4% growth. The higher net profit is a direct result of the expanding operating margins, which are up from 15.5% in fiscal 2019 to 17% in fiscal 2023.

The margins have grown sharply owing to the increased volumes and higher realisation which have helped the company benefit from operating leverage.

To know more about the company, check out its financial factsheet and latest financial results.

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!

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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

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