Stock Market Today: Indices End in Green, Nifty Above 22,200; Metals Shine


by Sandip Das on 15 May 2024,  5 min read


The Indian equity market ended in the green on May 14, 2024, with Sensex adding 328 points at 73,104.61. Nifty50 gained 113 points and ended the session at 22,217.85.

Around 2,689 stocks advanced, and 1,117 stocks declined while 117 stocks remained unchanged.

Among sectoral indices, Nifty Metal was the top gainer, up 2.77 percent, followed by Nifty Auto and oil & gas, which were up 1.8 percent each. Nifty PSU Bank, Consumer durables, and realty were up 1 percent each. Among losers, Nifty FMCG and Pharma were down 0.5 percent each.

Top Nifty50 Gainers
  • Adani Enterprises: 5.4%
  • Mahindra & Mahindra: 4.01%
  • Hero MotoCorp: 3.37%
  • ONGC: 2.85%
  • Larsen & Toubro: 2.46%
Top Nifty50 Losers
  • Cipla: -3.99%
  • Tata Consultancy Services: -1.16%
  • Tata Consumer Products: -1%
  • Nestle India: -0.88%
  • Axis Bank: -0.79%
Asian Markets

Asia-Pacific markets were mixed on Tuesday as stocks on Wall Street stumbled overnight, with the Dow Jones Industrial Average snapping an eight-day winning streak.

Japan’s Nikkei 225 and the broader Topix climbed 0.46 percent and 0.25 percent, respectively, ending at 38,356.06 and 2,730.95. South Korea’s Kospi rose 0.11 percent to 2,370.34, while the smaller-cap Kosdaq gained 0.9 percent to end at 862.15. The S&P/ASX 200 in Australia fell 0.3 percent, ending the day at 7,726.8. Hong Kong’s Hang Seng index reversed gains to trade 0.1 percent lower, while mainland China’s CSI 300 index fell 0.21 percent to close at 3,657.05, according to a report.

European Markets

European shares were subdued on Tuesday as investors braced for key US inflation data and Federal Reserve Chair Jerome Powell’s remarks due later in the day, while Delivery Hero jumped on the sale of its Taiwan foodpanda business to Uber. The pan-European STOXX 600 was flat but hovered near its all-time high hit on Friday. German inflation inched up in April to 2.4 percent, confirming preliminary data, while Spain’s European Union-harmonised 12-month inflation rose to 3.4 percent in April, from 3.3 percent in the period through March, according to a Reuters report.

Also read: How To Open An Online Demat Account With Dhanush?
Stocks in News
PVR Inox

PVR Inox, India’s leading multiplex chain, announced on May 14 that its net loss for the March quarter decreased to Rs 130 crore from Rs 333 crore in the same period last year. However, the company returned to a loss position after two quarters due to the disappointing performance of high-budget Bollywood films at the box office.

Revenue from operations increased by 10 percent to Rs 1,256.4 crore compared to the previous year but fell short of the third quarter’s Rs 1,545.9 crore. Analysts predicted a 22 percent quarter-on-quarter decline in revenue due to poor film performance. The average ticket price in PVR Inox dropped to Rs 233 in the fourth quarter of FY24 from Rs 239 a year ago, though it was Rs 271 in Q3.

Mankind Pharma

Mankind Pharma shares surged 4.5 percent on May 14 after CNBC-TV18 reported the company’s plans to acquire Bharat Serum & Vaccines from private equity firm Advent International. Buoyed by the buzz over the acquisition plan, shares of Mankind Pharma were trading at Rs 2,249.75 apiece on the NSE, up 3.2 percent from the previous close. Advent International, which currently owns a 100 percent stake in Bharat Serum & Vaccines, has been looking to exit since February of this year, the CNBC-TV18 report stated citing sources.


Ethos witnessed a substantial increase in its share price, rising by more than 6 percent after the announcement of a robust performance during the January-March quarter (Q4FY24). During this period, Ethos recorded a significant uptick in consolidated revenue from operations, marking a 21.7 percent year-on-year (YoY) increase to Rs 252 crore. Additionally, the profit-after-tax (PAT) showed a remarkable surge, escalating by 58 percent YoY to Rs 21 crore.

Conversely, Ethos experienced a notable growth in earnings before interest, tax, depreciation, and amortization (EBITDA), which soared by 45.1 percent YoY to Rs 44 crore in Q4FY24. Furthermore, the EBITDA margins demonstrated improvement, climbing by 260 basis points (bps) YoY to reach 17 percent.

Ethos unveiled 10 new boutiques across 9 cities, including expansion in 4 new cities. Looking ahead, Pranav Saboo, Founder and Managing Director of Ethos, said that the company would continue expanding its physical as well as digital presence. “With strategic plans in motion, we’re confident in achieving sustained growth and delivering value to all stakeholders,” Saboo said in a regulatory exchange filing.

Dhanush powered by Ashika Group, is one of the best online trading app in India which gives a flawless and smooth trading experience. Get solid research analysis, data-driven approach, customer-centric service philosophy, trust-based advice & competitively priced products. Click here for more stock market blogs.

For more insightful articles and updates, follow us on Facebook and Instagram.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Spread the love