The benchmark Sensex and Nifty indices are likely to open on a flat note on May 9 as trends in the GIFT Nifty indicate a muted start for the broader index with a gain of 4 points.India's benchmark Sensex and Nifty indices closed unchanged on May 8 as the market faced uncertainty over election results and subdued corporate earnings. However, broader markets showed resilience, with BSE Smallcap risi...

Benchmark indices BSE Sensex and NSE Nifty 50 extended losses after having opened mildly red on May 9. The ongoing general elections have been keeping the Street on its toes. The Sensex and Nifty have been trading weak for the last four sessions, falling from near all-time highs.While oil and gas, and construction companies led the losses, automobile companies were the top gainers.Larsen & Toubro ...

BSE shares surged over 2 percent to Rs 2,885 apiece on May 9 after the stock exchange clocked an 18 percent year-on-year (YoY) rise in net profit at Rs 107 crore in the January-March quarter (Q4FY24). However, the profit growth was limited due to an outgo of Rs 169.7 crore to Sebi as a regulatory fee on the notional value of options contracts.So far this year, the stock of BSE surged over 27 perce...

Shares of Manappuram Finance and Muthoot Finance plummeted up to 8 percent on May 9, a day after the Reserve Bank of India reportedly sent them an advisory letter limiting cash disbursal of loans.The central bank has reportedly asked both NBFCs to strictly adhere to the Income Tax Act (IT) provision on cash disbursement and said that no NBFC should disburse loan amounts over Rs 20,000 in cash.The ...

The initial public offering (IPO) of Blackstone-backed Aadhar Housing Finance saw a subscription rate of 62 percent on the second day of bidding on May 9. Investors had bid for 4.32 crore equity shares, whereas the offering comprised 7 crore equity shares.Non-institutional investors led from the front, buying 81 percent of the issue reserved for them. Retail investors bought 57 percent of the allo...