Sensex Today Ends 53 Points Lower | Metal Index Soars 4% | RVNL Soars 13%, Delhivery Tanks 10%

Tue, 21 May Closing

   Previous Close   

   Pre-Open   

   10:30 am   

After opening the day lower, Indian share continued the momentum as the session progressed and ended the day lower.

Equity benchmark indices traded listless on Tuesday and ended on a flat note.

At the closing bell, the BSE Sensex stood lower by 53 points (down 0.1%).

Meanwhile, the NSE Nifty closed higher by 27 points (up 0.1%).

Tata Steel, Coal India and Hindalco among the top gainers today.

TCS, Nestle and ICICI Bank on the other hand, were among the top losers today.

The GIFT Nifty was trading at 22,616, down by 32 points, at the time of writing.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list

The BSE MidCap index ended 0.3% higher and BSE SmallCap index ended 0.2% lower.

Sectoral indices are trading mixed with socks in metal sector, energy sector and power sector witnessing most buying. Meanwhile stocks in banking sector and auto sector witnessed selling pressure.

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

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at 83.31 against the US$.

Gold prices for the latest contract on MCX are trading 0.7% lower at Rs 73,874 per 10 grams.

Meanwhile, silver prices were trading 1.3% lower at Rs 93,991 per 1 kg.

Speaking of stock market, Research Analyst, Richa Agarwal, in her latest video talks about solar stocks. Tariffs on EV batteries will be raised by over 100%. Duties on semiconductors will be up 50%. On photovoltaic cells used to make solar panels, the duties will be doubled.

The public on twitter can't celebrate this move enough. Companies in the solar ecosystem are in news. Some stocks in the sector have hit upper circuits.

If you are planning to join this frenzy, keep in mind the potential second order effects of this move.

Tune in for more

Delhivery Tumbles 12%. Here's Why.

In news from the logistics sector, shares of Delhivery plunged another 12% to Rs 383 on the afternoon of 21 May, continuing a downward trend from the previous session, where it had already slipped over 4% on 18 May.

The stock has tanked 15% in the last two trading sessions and is now back to the level seen in January-end. It has given up all the gains made after the Q3 results report.

The sharp fall comes after it slipped into losses again in the March quarter (Q4FY24). The logistics solutions company posted a loss of Rs 685 m against a profit of Rs 117 m in the December quarter. On a year-on-year (YoY) basis, however, the loss narrowed by 57% from Rs 1.6 bn in Q4FY23.

Delhivery's revenue in the March FY24 quarter rose 12% YoY to Rs 20.8 bn, driven by significant growth in the partial truckload (PTL) and full truckload (FTL) segments, which increased by 27% and 60% YoY, respectively, in Q4FY24.

The management warned of 'swings' in the future, which meant there are still chances the company will incur losses as it stabilises operations.

For the entire FY24, revenue from services stood at Rs 81.4 bn in FY24, a growth of 13% from Rs 72.4 bn recorded in FY23. Similarly, loss after tax narrowed to Rs 2.5 bn in FY24 from Rs 10.1 bn in FY23.

RVNL's New Order Win

Moving on to news from the railway sector, shares of Rail Vikas Nigam Ltd (RVNL) surged 15% on 21 May after the company bagged an order worth Rs 1.5 bn from the South Eastern Railway for designing, supply, erection, testing and commissioning for the upgradation of an electric traction system for Kharagpur division.

Rail Vikas Nigam is a project-executing agency.

The Mini Ratna PSU is engaged in the business of mobilization of financial resources, rail project development, enhancing golden quadrilateral and port connectivity by implementing rail projects and raising extra-budgetary resources for Indian Railway project execution.

The company also informed that the President of India has approved the appointment of NC Karmali as the part-time Government nominee director on the board of RVNL with immediate effect, till he holds the post of executive director/Gati Shakti, Railway Board or further orders, whichever is earlier.

RVNL's board also recommended a final dividend of Rs 2.1 per equity share. So far this year, RVNL shares have soared more than 85%, outpacing Nifty's 3.6% return during this period.

In the last year, shares of IRFC zoomed by over 400%, whereas RVNL and Nifty 50 gave a return of 179% and 26%, respectively.

Shriram Properties Acquires Land Parcel

Moving on to news from the realty sector, Shriram Properties' share price jumped nearly 3% intraday on 21 May after the company signed a joint development agreement for a four-acre land parcel in Bengaluru.

The proposed project will comprise of 270 apartments with an aggregate saleable area of 3.8 lakh sq ft.

The project has an aggregate revenue potential of over Rs 2.5 bn and is expected to be developed over the next 3 years.

The company is targeting to launch of this project during the first half of the current financial year (H1FY25).

The company has a strong pipeline of 47 projects with 51 msf2 of saleable area, including 25 ongoing projects with an aggregate saleable area of 23.5 msf as of 31 March 2024.

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