The BSE Sensex and NSE Nifty 50 kicked off with gains on May 15, driven by robust global markets ahead of key U.S. inflation data expected later today, which could influence the Federal Reserve's next moves.Early Gains and Outperformance in Broader MarketsBy 9:21 am, the Sensex had climbed 83 points (0.1 percent) to 73,187, and the Nifty 50 had risen 35 points to 22,252. Broader markets shone even...

BEL Ltd shares have found support at the 50 EMA, with technical and derivative parameters suggesting a potential upward move towards Rs 238-240. On May 15, BEL shares were up over 0.30 percent, surpassing Rs 231.The stock is currently trading above its short-moving averages. Avani Bhatt, Senior Vice President of Derivative Research at JM Financial, noted that the stock has completely recovered fro...

Brokerages maintained their bullish stance on Bank of Baroda (BoB) after it posted an in-line January-March quarter (Q4FY24) performance. With both profit and net interest income (NII) growing by 2.3 percent year-on-year (YoY) in Q4, analysts view the stock's valuations as attractive for potential re-rating.So far this year, shares of BoB surged over 10 percent, outpacing a 1.5 percent rise in the...

Gold rush no moreManappuram's shares were among the big losers on Thursday, tumbling over 8 percent. Rising gold prices were supposed to have been positive for this NBFC, considering that it allows people to borrow more for the same amount of gold. But the RBI’s directive to NBFCs to stick to a cap of Rs 20,000 while disbursing cash loans has come as a dampener. The  Honey-tongued former fund m...

By Om Mehra, technical analyst at Samco SecuritiesThe Indian market has stood strong, outpacing major global indices, as evidenced by the Nifty's 1.24 percent surge in April. In the last five years, the conventional 'Sell in May and Go Away' approach has demonstrated diminished effectiveness—in 2019, an election year, the month of May yielded a positive return of 1.49 percent.So far, the Q4 resu...