News Overview

FPIs were net sellers of $1,336 Million in equities in the week to May 17, 2024; although markets rallied

Oil & gas and autos were the stars of the week, even as banks mirrored the Nifty and Sensex gains

The decision follows finalization of plans to raise $450 million via dollar bond issuance.

The 30-share BSE Sensex closed at 73,959.63, up 42.60 points, or 0.06%. The NSE Nifty 50 increased to 22,481.90, gaining 15.80 points, or 0.07%.

The decision follows Nestle India board's proposal for a gradual increase to 5.25% of net sales.

Revenue from operations remained flat at ₹46,269 crore.

NHPC declared a final dividend recommendation of ₹0.50 per share (subject to approval).

Sector-wise, Consumer Durables, Auto, Metal, Realty, and Oil & Gas were the day's biggest gainers, while IT, Pharma, and Healthcare sectors were the most significant laggards.

Sanatan Multi Skill Development and Education Private, the buyer, has no affiliation with the promoters, promoter group, or group companies of Patanjali Foods.

BEML's EBITDA margin expanded to 24.5% from 20.7% last year, representing a nearly 400 basis points increase.