Indices at previous closing
Nifty50: 15,782 ▼ 25 (-0.1%)
Sensex: 52,793 ▼ 136 (-0.2%)
Nifty Bank: 33,121 ▼ 410 (-1.2%)
For more updates on F&O, click here.
Good morning folks!
Markets were a disappointment last week. However, let’s keep our hopes up. They might just surprise us. We have three IPOs lined up this week, but more on that later. And last, but not the least, we have the much-awaited LIC listing scheduled for Tuesday (17 May). So let’s grab a cup of cutting chai, and get on with the day.
⭐ Maruti’s expansion plan(t) 🚗
Auto major Maruti Suzuki will invest ₹11,000 crore for setting up a new manufacturing plant in Sonipat, Haryana. This new plant is expected to manufacture 2.5 lakh units annually from 2025. The automaker also plans to scale up the capacity of the new plant eventually to 10 lakh units per annum as the market expands.
⭐ DMart's cash registers slow down 🧾
Supermarket chain Avenue Supermarts’ (DMart) Q4 net profit rose 3.1% year-on-year to ₹427 crore. This was on the back of an 18.5% YoY jump in the revenue to ₹8,786 crore. The management said the profitability was impacted by the new wave in January.
⭐ IPO triplet 😍
Despite the weakness in the markets, the IPOs continue unabated. Fertiliser manufacturer Paradeep Phosphates will launch its ₹1,502 crore IPO on Tuesday (17 May). Meanwhile, the ₹472 crore-IPO of luxury watch retailer Ethos will open for subscription on Wednesday (18 May). Following this, digital signature certifier eMudhra’s ₹412 crore IPO will open on Friday (20 May). Click here to pre-apply and apply for IPOs on Upstox.
Sectoral indices (May 11)
| Top gainers | Top losers |
| Auto
▲2.4% |
Metal
▼ 2.0% |
| FMCG
▲1.8% |
Financial Service
▼ 1.2% |
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.2% |
| Nikkei 225 (Japan) | ▲ 0.2% |
| Hang Seng (Hong Kong) | ▼ 0.01% |
| SSE Composite (China) | ▼ 0.1% |
| Dow Jones (US) (May 13) | ▲ 1.4% |
| NYSE (US) (May 13) | ▲ 2.1% |
| Nasdaq (US) (May 13) | ▲ 3.8% |
| S&P 500 (US) (May 13) | ▲ 2.3% |
Fact of the day
As per CMIE data, India’s labour market added 8.8 million jobs in April, which was the largest monthly increase since Covid.
We'd love your thoughts on this morning update.
If you haven't already, open your Upstox account to get IPO-ready today! Click here to sign up.
To catch our latest educational videos, join our Telegram channel here.
Disclosures and Disclaimer
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.
Download the Upstox App Today