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Shares of BEL recoverd sharply from intra-day lows on May 22, after management shared upbeat commentary and FY25 outlook in a concall with investors.
On the sectoral front, realty and FMCG gained one percent each, and capital goods, IT and Media up 0.5 percent each. On the other hand, bank index was down 0.5 percent and meal index shed 0.4 percent each.
Indian stock market benchmarks, Sensex and Nifty 50, trade cautiously as Lok Sabha election 2024 outcome nears. Volatility persists in May. Experts do not expect major correction till election outcome on June 4.
BHEL, PI Industries, NMDC, Hitachi Energy, GE T&D India, Ircon International, NMDC Steel, Eris Lifesciences, Aether Industries, JK Tyre and other will announce their Q4 results later today.
A total of 5,363,574 shares changed hands on the counter till 09:59AM (IST).