Indices at previous closing
Nifty50: 16,240 ▼ 61 (-0.3%)
Sensex: 54,364 ▼ 105 (-0.1%)
Nifty Bank: 34,482 ▲ 207 (+0.6%)
For more updates on F&O, click here.
Cipla delivers mixed results 💊
The pharma company reported revenues of ₹5,260 crore, up 14% year-on-year (YoY). The company said that all business divisions registered healthy revenue growth. However, its net profit fell 12% year-on-year to ₹362 crore. Profit was impacted by one-time Covid inventory and other charges.
Vodafone Idea sends better signal 📶
Finally, there is some relief for the beleaguered telecom player. The company’s Q4 net loss narrowed year-on-year to ₹6,563 crore from ₹7,022 crore in the previous year. Revenue from operations rose 6.5% to ₹10,240 crore, supported by tariff hikes effective from November 2021.
The tariff hikes have impacted the overall subscriber base. But the 4G subscriber base continued to grow.
Delhivery IPO opens today! 📦
The name you often came across on delivery tracking messages is opening its doors to investors today. Delhivery, a logistics and supply chain company, has set its IPO price band at ₹462 to ₹487 per share. The subscription will remain open till May 13. Click here to subscribe to this IPO.
Sectoral indices (May 11)
| Top gainers | Top losers |
| Nifty Bank ▲ 0.6% | Nifty Metal ▼ 5.2% |
| Nifty Financial Service ▲ 0.5% | Nifty Realty ▼ 2.9% |
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▼ 0.2% |
| Nikkei 225 (Japan) | ▲ 0.2% |
| Hang Seng (Hong Kong) | ▼ 0.2% |
| SSE Composite (China) | ▲ 0.4% |
| Dow Jones (US) (May 10) | ▼ 0.2% |
| NYSE (US) (May 10) | ▼ 0.5% |
| Nasdaq (US) (May 10) | ▲ 0.9% |
| S&P 500 (US) (May 10) | ▲ 0.2% |
Fact of the day
Samsung leads the Indian premium smartphone (priced over ₹30,000) market with a 38% share.
Source: TOI
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Investment in securities markets is subject to market risks; please read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results. Details provided in the above newsletter are for educational purposes and should not be construed as investment advice by RKSV group. Investors should consult their investment advisor before making any investment decision.