Benchmark indices Sensex and Nifty 50 opened lower on May 17, tracking global markets, even as concerns over election results continue to weigh. However, analysts are optimistic about India's growth story in the long term."The only caveat here is we are in the midst of major general elections, and hence, the volatility is likely to remain on the higher side," said Sameet Chavan, Head of Research, ...

Gold prices appeared set for a second consecutive weekly gain on Friday, after recent U.S. inflation data fuelled expectations that the Federal Reserve could cut interest rates this year.Spot gold was up 0.1% at $2,379.14 per ounce, as of 0236 GMT. Bullion prices have gained 0.7% so far this week.U.S. gold futures were flat at $2,383.20.The dollar index was down 0.6% for the week so far, against i...

Shares of Vedanta gained on May 17, a day after the board of the mining conglomerate approved raising up to Rs 8,500 crore. The type of issuance is yet to be finalised, it said in a regulatory filing.This is the second time the company is raising funds in the current fiscal year. Last month, it said it would raise up to Rs 2,500 crore through debt securities.Vedanta's Board also approved dividend ...

Ultratech Cements' shares have has given a reversal breakout after trading within a falling channel. On May 17, Ultratech Cement's shares jumped over 1.16 percent to above Rs 9,822.The stock had been trading within a falling channel and recently it has reversed from the lower end of the falling channelJay Thakkar, Head Derivatives and Quant Research at ICICI Securities, recommends taking a bull ca...

Kaynes Technology skyrocketed over 16 percent to Rs 2,989 per share on May 17 after the company reported an upbeat January-March quarter (Q4FY24) performance.So far in 2024, shares of Kaynes Tech surged over 10 percent, outperforming the Nifty 50 index, which saw a rise of 2 percent. Earlier, the stock hit a 52-week high of Rs 3,248 per share on March 5, 2024.Kaynes Tech's consolidated net profit ...