Stock Market Updates: Market started with a boom, today’s top 5 shares on which investors will be eyeing
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Sensex has become stronger by more than 500 points. In early trade, the Sensex opened at 63,008.91, rising 507.22 points, while the Nifty was trading at 18,641.20, up 141.85 points.
Buying is being seen in the domestic stock market amid better global cues. In today’s business, both the Sensex and the Nifty index have a great momentum. Sensex has become stronger by more than 500 points. In early trade, the Sensex opened at 63,008.91, rising 507.22 points, while the Nifty was trading at 18,641.20, up 141.85 points. The shares of M&M, HINDALCO, SBILIFE, HDFC, INDUSINDBK are in green color i.e. in growth, while the shares of ONGC, SUNPHARMA, CIPLA, EICHERMOT are seen in red color i.e. weak. Today, shopping is being seen in almost every sector in the market. Bank, Financial, Auto, Metal, IT and Realty indices have strengthened on Nifty. While the Pharma index is in the red mark. Today i.e. 29 May 2023, some stocks are ready to show action in a volatile market. These stocks can remain in focus in the market today. If you are looking for better stocks in intraday then you can keep an eye on these.
ONGC
India’s top oil and gas company ONGC has incurred a loss of Rs 247.70 crore in the March quarter. He incurred this loss due to provision of more than Rs 12,100 crore for disputed tax liability. ONGC had a net profit of Rs 8,859.54 crore during January-March 2022. The service tax department had sought levy of service tax on royalty paid to the state and central government on crude oil and natural gas produced from under the ground.
Sun Pharma
Sun Pharmaceuticals Industries said on Saturday that it has proposed to fully acquire Israel’s Taro Pharmaceuticals Industries. The Mumbai-based company said it has sent an offer to Taro’s board of directors, making a non-binding offer to buy all outstanding ordinary shares of the company. The offering is made in cash at a rate of $38 per common share.
Tata Motors
Moody’s Investors Service upgraded its rating outlook on Tata Motors from stable to positive. The rating agency said the upgrade reflects a substantial improvement in Tata Motors’ credit profile over the past few quarters, which is expected to continue for the next 12-18 months.
Maruti Suzuki
The country’s largest car company Maruti Suzuki India is expecting a production loss in the first quarter of the current financial year. However, a senior company official says that the situation is expected to improve from the July-September quarter. The company is still grappling with a shortage of electronic components, due to which it is expected to lose production in the first quarter.
Adani Wilmar
The FMCG company has forayed into the wheat category with its brand Fortune. With this, pure wheat variants of Sharbati, Poorna 1544, Lokwan and MP Grade 1 will be available in Delhi, Maharashtra, Madhya Pradesh, Gujarat, Rajasthan under the Fortune brand.
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