Sensex and Nifty 50 recovered from losses around noon on May 17, with automobile and financial services stocks supporting the indices."The market is currently in a recovery phase and we anticipate this trend to persist till broad-based interest returns," said Kranthi Bathini, Director-Equity strategy, Wealth Mills Securities.At 11:05 am, the Sensex was up 268 points or 0.4 percent at 73,932 and th...

Naukri parent Info Edge gained eight percent in trade on May 17, after the firm's bottom-line swung into the black for the quarter ended March.Info Edge’s consolidated revenue rose nine percent to Rs 657 crore during the period. It registered a net profit of Rs 162 crore in Q4, compared to a loss of Rs 447 crore in the year-ago period.Info Edge saw its recruitment business revenue grow a modest ...

Shares of Dixon Technologies shot up 10 percent to hit a 52-week high of Rs 9,062 in early deals after the stock was awarded a rating upgrade by global brokerage firm Morgan Stanley. The brokerage upgraded the stock to an 'equal-weight' from the earlier 'underweight’ call.The brokerage firm assigned a price target of Rs 8,696 apiece for the stock to reflect an upside potential of a little over 5...

Following Wonderla Holidays' disappointing performance in the January-March quarter (Q4FY24), investors have expressed their dissatisfaction for the second consecutive day. The company reported its Q4 results on May 15, after which its shares have tumbled over 10 percent in two days to Rs 868 per share on May 17. However, despite this setback, the management remains confident about its new project...

For the day, 47,650-47,700 will act as crucial support for the index while resistance is seen at 48,100-48,150.Bank Nifty was trading moderately lower amid volatility, falling nearly 200 points, or 0.4 percent to 47,650, ahead of the weekly options expiry due on May 15. For the expiry day trade, the Bank Nifty has an immediate resistance at 47,950 and support at 47,600.Bank Nifty expiry day view"T...