Closing Index

 28 May 

BSE CLOSED @ 51422.88 ✅ 307.66 Points 

NSE CLOSED @ 15435.65 ✅ 97.80 Points

BankNifty Closed 35141.45 ✅ 46.40 Points 

India VIX Closed 17.4025 ❌ 2.5075 Points.

Weekly 24 -- 28 May 

BSE CLOSED @ 51422.88 ✅ 882.40 Points 

NSE CLOSED @ 15435.65 ✅ 260.35 Points

BankNifty Closed 35141.45 ✅ 534.55 Points 

India VIX Closed 17.4025 ❌ 1.6775 Points.

IN News

Stocks in News

Eicher Motors: The company reported sharply higher consolidated profit at Rs 526.14 crore in Q4FY21 against Rs 304.28 crore in Q4FY20, revenue jumped to Rs 2,940.33 crore from Rs 2,208.18 crore YoY.

Sun Pharma: The company reported higher profit at Rs 894.1 crore in Q4FY21 against Rs 399.8 crore in Q4FY20, revenue rose to Rs 8,523 crore from Rs 8,184.9 crore YoY.

Hester Biosciences: The company will invest Rs 40 crore for COVAXIN project and provide infra for manufacturing COVAXIN drug substance.

Metropolis Healthcare: The company reported sharply higher profit at Rs 61.3 crore in Q4FY21 against Rs 15.5 crore in Q4FY20, revenue jumped to Rs 291.7 crore from Rs 207 crore YoY.

Tata Consultancy Services: The company completed acquisition of GE's stake in Tata Consultancy Services Saudi Arabia on May 26.

NOCIL: The company reported higher consolidated profit at Rs 37.33 crore in Q4FY21 against Rs 21.87 crore in Q4FY20, revenue jumped to Rs 321.99 crore from Rs 212.66 crore YoY.

Jubilant Pharmova: India Ratings and Research has upgraded Long Term Issuer Rating to 'AA+' from 'AA' while resolving the Rating Watch Evolving (RWE) and has simultaneously withdrawn it. The Outlook is stable.

Corporate Actions / Key Results

Today's Corporate Action 28th May Ex Date

IBULHSGFIN Interim Dividend - Rs. - 9.0000

JMFINANCIL Dividend - Rs. - 0.5000

TATACOFFEE Dividend - Rs. - 1.5000

Today's Key Results/Board Meetings  28-May-21

Mahindra & Mahindra, Glenmark Pharmaceuticals, Indian Bank, Ipca Laboratories, 3M India, Aditya Birla Fashion and Retail, Action Construction Equipment, Ador Multiproducts, Ador Welding, Arvind SmartSpaces, Aurionpro Solutions, Bengal & Assam Company, Camlin Fine Sciences, Confidence Petroleum India, Dilip Buildcon, Deepak Fertilisers & Petrochemicals Corporation, Prataap Snacks, Force Motors, Genus Power Infrastructures, GMM Pfaudler, Gulf Oil Lubricants India, Heidelbergcement India, ITD Cementation India, Jagran Prakashan, Jindal Poly Films, Max Healthcare Institute, Munoth Financial Services, Navkar Corporation, Nazara Technologies, NCC, NESCO, OnMobile Global, Shree Rama Newsprint, REC, Reliance Infrastructure, SMS Pharmaceuticals, Sudarshan Chemical Industries, Sumitomo Chemical India, Ujjivan Financial Services, V-Mart Retail, and Zuari Agro Chemicals will release quarterly earnings scorecard on May 28.

Corporate Highlights / Key Events

Some corporate highlights:

Reddit favorite AMC Entertainment Holdings Inc. hit a record $13 billion in market value.

Boeing Co. climbed as Airbus SE’s ambitious output goal spurred optimism for a recovery in global aviation.

Nvidia Corp. gave a bullish estimate on demand for chips used in gaming PCs, data centers and cryptocurrency mining.

The Russell 2000 has lost ground to the Nasdaq 100 this quarter, but it has valuation on its side. The forward price-earnings spread between the small-cap and tech-heavy gauges has narrowed to below the five-year average. And while the Russell 2000 value/growth ratio has ebbed in the latter half of May, the relative strength of value suggests that small-cap stocks can continue to be big beneficiaries of the reopening recovery.

These are some of the main moves in markets:

Stocks

The S&P 500 rose 0.1% as of 4 p.m. New York time

The Nasdaq 100 fell 0.3%

The Dow Jones Industrial Average rose 0.4%

The Russell 2000 Index rose 1.1%

Currencies

The Bloomberg Dollar Spot Index was little changed

The euro was little changed at $1.2198

The British pound rose 0.6% to $1.4203

The Japanese yen fell 0.6% to 109.79 per dollar

Bonds

The yield on 10-year Treasuries rose three basis points to 1.60%

Germany’s 10-year yield advanced three basis points to -0.17%

Britain’s 10-year yield advanced six basis points to 0.81%

Commodities

West Texas Intermediate crude rose 0.9% to $67 a barrel

Gold futures fell 0.2% to $1,901 an ounce