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Indian Oil Corporation Ltd. traded at Rs 158.25 on BSE at 12:32PM (IST) on Friday, up 0.98 per cent from previous close. The scrip quoted a 52-week low price of Rs 83.35 and a high of Rs 196.8.

Chakri Lokapriya, Managing Partner, RSB LLP, says if you look at the bearing companies, this quarter, they are all reporting like 30-40% revenue growth, 30-40% EPS growth and trading at about 25-30 times. So, this as a segment will continue the earnings growth and stock performance for the next two-three years easily.” Coming to the FMCG space, given that we have seen these stocks will be in the spotlight on the back of the earnings, a lot of brokerages are talking about how the companies are losing the growth fervour and that there is a little bit of competition when it comes to pricing, the path to the consumer, etc. Are you worried about the long-term track record? Chakri Lokapriya: Marico's results showed that their volumes grew in line, slightly better than expectations.

Nikkei share average rebounded on Friday, buoyed by positive earnings and Wall Street gains overnight, although profit-taking capped further advances. The Nikkei closed 0.41% higher at 38,229.11 after rising more than 1% early in trading.

Akshaya Tritiya 2024: On account of falling US dollar rates and rise in the domestic demand, gold rate today witnessed sharp upside movement during early morning deals. Gold future contract on the Multi Commodity Exchange (MCX) for June 2024 expiry opened higher at ₹71,730 per 10 gm and touched an intraday high of ₹72,230 per 10 gm mark within fewe hours of the commodity market's opening bell.

Bharat Forge Ltd. traded 0.28 per cent higher in Friday's session at 11:21AM (IST). The stock opened at Rs 1421.65 and has touched an intraday high and low of Rs 1437.05 and Rs 1413.25, respectively, during the session so far. The stock quoted a 52-week high of Rs 1463.3 and a 52-week low of 753.1. About 28,289 shares changed hands on the counter so far.

Akshaya Tritiya, which is on May 10, has always seen fervent gold purchases stemming from the belief that investments made on this day would never diminish, thus bringing everlasting prosperity. Over the past three to four months, gold prices have shown significant volatility, experiencing roller coaster-like movements.

Brokerages remain bullish on State Bank of India(SBI) after the lender made a swift recovery in earnings reporting a standalone net profit of Rs 20,698 crore in Q4, up 24% YoY. The estimates on the target price for SBI go as high as Rs 1,000. The profit was higher than the Street estimate of Rs 16,695 crore.

Sanjiv Bhasin, Director, IIFL Securities, says: “ This is the time to pull up your socks, ignore the fear and buy the stocks which you most wanted to and hopefully by Tuesday, Wednesday, we should be back to normalcy as far as the VIX goes and then we will take it with global cues.” Bhasin further says: “The pessimism on certain stocks and sectors has been overdone. Some of the largecap banks like HDFC, ICICI are looking very good, and of course, some of the PSUs. But the real killing will be in the commodity stocks. So, Coal India, Vedanta, NALCO, SAIL, Tata Steel basket is looking very strong. From their highs, the stocks have not even corrected 5%. If this market trends, which according to me on Tuesday, fingers crossed, then these stocks are headed to new highs. ” It is getting a little worse out here? When was the last time L&T fell that 6% or so and I am not even getting into other individual names here where the selling was excruciating. What is the strategy now? Do you throw in the towel and sell into the market or wait patiently because you see some recovery in store? Sanjiv Bhasin: What a week! Last Thursday, I was with you in Mumbai and we were hitting new highs and I told you to take some money off the table.

Aadhar Housing Finance IPO Day 3: The initial Public Offering (IPO) of Aadhar Housing Finance Limited hit the Indian primary market on 8th May 2024 and bidding for this public issue will end today evening. This means investors have just one day in hand to apply for the public offer. The company has fixed Aadhar Housing Finance IPO price band at ₹300 to ₹315 per equity share.

Stock Market News: Domestic equity benchmark indices, the Sensex and the Nifty 50, began Friday's session in green amid positive global cues. Due to investor risk aversion during the ongoing election sessions, the domestic market saw heavy selling pressure on Thursday. However, because there aren't any significant positive triggers, analysts predict that this volatility will continue in the near future.

₹20,698 crore in the fourth quarter of FY24, registering a growth of 24% from ₹16,694.5 crore in the year ago quarter. The PSU lender’s management expects to grow its credit book by 14-16% in the current fiscal year, reflecting the general optimism around domestic growth. It projected deposit growth of 12-13% for FY25.

Read here: Gold up 1% after US jobs data: 5 reasons behind yellow metal's appeal in 2024 Gold's potential for long-term appreciation and its role as a hedge against inflation make it an attractive investment option, especially during auspicious occasions like Akshaya Tritiya. However, experts suggest being cautious due to gold's high domestic prices and potential for a technical correction in the immediate term.

dollar had a soft tone in early Asian trading on Friday after losing ground overnight to the euro and sterling on the back of U.S. data showing further signs of a cooling labour market and hence higher odds of Fed rate cuts this year. Against the Japanese yen, the dollar was trading at 155.39 yen, down from highs of 155.95 hit in the previous session. The euro stood at $1.0782, after a 0.3% gain overnight.

Oil prices rose on Friday, continuing upwards trend on the signs of improving economy in China and as negotiations to halt hostilities in the stand-off between Israel and Hamas yielded no results. Brent futures rose 37 cents, or 0.4%, to $84.24 a barrel, while U.S. West Texas Intermediate crude grew 41 cents, or 0.5%, to $79.64 at 0003 GMT.

Stock market today: Following weak global sentiments, the Indian stock market ended lower for the fifth straight session on Thursday. The Nifty 50 index crashed 345 points and closed below the 22,000 mark at 21,957. The BSE Sensex tanked 1062 points and finished at 72,404, while the Bank Nifty index, which tracks the performance of the banking sector, nosedived 533 points and ended at a 47,487 level.

Buy or sell stocks for today: Following weak global sentiments, the Indian stock market ended lower for the fifth straight session on Thursday. The Nifty 50 index, which represents the performance of the top 50 companies listed on the National Stock Exchange (NSE), crashed 345 points and closed below the 22,000 mark at 21,957. The BSE Sensex, the benchmark index of the Bombay Stock Exchange (BSE), tanked 1062 points and finished at 72,404, while the Bank Nifty index, which tracks the performance of the banking sector, nosedived 533 points and ended at a 47,487 level.

Retiring early is becoming the norm as the share of US workers planning to work beyond age 62 continues to retreat, extending a downshift that started with the pandemic.

BJP may not get as many seats in the general election as projected earlier, prompting investors to cut some of their bets. Regulatory actions against the banking sector that could slow lending are also weighing down sentiment. The Volatility Index or VIX shot up to a 19-month high, suggesting traders see greater risk in the market in the near term. The NSE Nifty fell 345 points, or 1.55%, to close at 21,957.50. The BSE Sensex declined 1,062.22 points, or 1.45%, to end at 72,404.17.

₹137.09 crore. It is a significant improvement compared to the loss of ₹195.87 crore in the same period last fiscal year.

Video Game Hall of Fame has inducted its 10th class of Honorees with the inclusion of 5 classical video games. This has been reported by the ‘abc News’. These 5 video games include: Asteroids, Myst, Resident Evil, SimCity and Ultima. This inclusion recognizes their contribution to the video game industry and the impact it has had on popular culture. These games have over the decades evolved and have kept up with the current trends. It has focused on keeping up with the technological developments in the world and industry. The hall of fame recognizes video games of all types. The selection of these 5 games was among the list of 12 games that were shortlisted among the finalist. Some of these other games that were considered are are Elite, Guitar Hero, Metroid, Neopets, Tokimeki Memorial, Tony Hawk’s Pro Skater and You don’t Know Jack.

Indian smartphone market registered 8-10% year-on-year growth in shipment volumes in the first quarter of 2024 and is set to grow in high single-digits this calendar year, driven by premiumisation trend and 5G adoption, market trackers Counterpoint Research and Cybermedia Research said. As per Counterpoint, volume shipments grew 8% in the quarter ended March while revenue jumped 18%. However, sales were less than expected due to a drop in retail footfalls and a section of consumers cutting down on discretionary spending even as better inventory levels allowed brands to fill channels with multiple new launches, it said. Cybermedia Research (CMR) said the market recorded 10% year-on-year growth in Q1 2024, with 5G shipments surging 70%, driven by budget 5G handsets (₹10,000-15,000 price band) that grew 400% on year.