Stock Market Today: With muted global indications, Nifty and Sensex to start flat

Stock Market Today: In the face of subdued global cues, domestic indices might open flat. In today's early morning session, the Nifty futures on the Singapore Exchange (SGX) were trading 25.5 points, or 0.14%, lower at 18,324.5. Asian markets were trading in a varied manner on Tuesday. The Hang Seng in Hong Kong sank 0.42%, the Shanghai Composite in China increased 0.03%, the KOSPI in South Korea declined 0.37%, and the Nikkei 225 in Japan increased 0.7%. The Dow Jones Industrial Average (DJIA), the S&P 500, and the tech-heavy Nasdaq all closed Monday's trading session roughly flat.

Andhra Paper posts stellar Q4 earnings

The paper and pulp manufacturer has clocked a 168 percentyear-on-year growth in profit at Rs 153.9 crore for the quarter ended March FY23, driven by healthy topline, and operating numbers. Revenue from operations grew by 38.55% to Rs 590 crore compared to the year-ago period.

Stock Market Today: Mankind Pharma likely to list today with a double-digit premium

Market observers predict that Delhi-based Mankind Pharma will list on the bourses on May 9 with a double-digit premium. This is largely attributable to the robust demand for the initial public offering (IPO) from qualified institutional buyers (QIBs) and favourable market circumstances.

From May 25 to May 27, the IPO received 15.32 subscriptions, with QIBs requesting 49.16 times the quota-allocated number of shares. The share reserved for high net worth individuals (HNIs) was subscribed to 3.8 times its initial amount, and 92 percent of the retail investor portion was filled.

VIP Industries Q4 net loss at Rs 4.26 crore

The fourth quarter of 2023, which concluded in March, resulted in a consolidated net loss of 4.26 crore for luggage manufacturer VIP Industries Ltd on May 8. This loss was caused by an unusual loss. According to a BSE filing by VIP Industries Ltd (VIL), the business reported a net profit of Rs 12.39 crore for the January-March quarter of the previous year.

However, compared to the same quarter last year, its operating revenue climbed 26.6%, to Rs 450.57 crore from Rs 355.90 crore.

Stock Market Today: From yesterday

On Monday, the BSE Sensex 709.96 up 1.16% to 61,764.25, while the NSE Nifty 50 increased 202.8 points or 1.12% to 18,271.8. In terms of sectoral indexes, Bank Nifty increased by 622.8 points (1.46%), Nifty Financial Services increased by 280.1 points (1.47%), and Nifty PSU Bank decreased by 38.5 points (0.93%), reaching 4,115.1.

Disclaimer: (This piece of information is purely informational. It is important to note that offers, discounts, and/ or any other scheme/ information/ statistics must be personally verified by the readers from the respective sources. Readers are advised to invest or purchase solely at their own risk. DNP News Network Private Limited, website or the writer doesn’t validate the offers in any context. We will not be liable for any financial or other losses.)

Also Read: BMW CE 04: BMW electric scooter showcased in India, could launch soon as the most expensive electric scooter

Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER.