Home » Market Spotlight » What happened in the Indian stock market today (13th May 2024)?

What happened in the Indian stock market today (13th May 2024)?

Nifty 50 closed with a gain of 0.22 percent at 22,104.05 and lifted the index by 76 points.

May 13 market news

Nifty 50 closed with a gain of 0.22 percent at 22,104.05 and lifted the index by 76 points. With 29 stocks with green, Cipla, Asian Paints, and HDFC Life were top gainers, while Tata Motors, BPCL, and Shriram Finance were losers in the market. The stock market with volatility soaring over 16%, hitting a fresh 52-week high of 21.49.

Impact on the stock market

Sensex strutted 112 points higher, or 0.15 percent, at a grand total of 72,776.13.

IT & BPM sector+0.42%
Healthcare sector+1.58%
Oil & Gas sector-0.75%
Real estate sector+1.23%
PSU Bank in India-1.23%

Top gainers today

CompanyPriceChange (%)
Cipla share price1,414.65+5.61
Asian Paints share price 2,879.25+3.90
Adani Ports share price1,306.40+3.13
Divis Labs share price3,911.50+3.11
Adani Enterprise share price 2,879.60+2.94

Top losers today

CompanyPriceChange (%)
Tata Motors share price 959.75-8.30
BPCL share price 606.90-1.90
Shriram Finance share price  2,301.80-1.82
NTPC share price350.90-1.29
ONGC share price 266.90-1.24

Market aftermath: Impact on stocks

Neuland Laboratories crack 13.5% as Q4 results

Neuland Laboratories’ stock took a tumble of over 13%. Their net profit took a dip of 20% YoY, clocking in at ₹67.6 crore, while total income followed suit, down 6% YoY to ₹390.4 crore. With net profit and total income echoing last year’s. Plunging as much as 13.5% to hit a low of ₹6,150 for the day. Neuland’s stock is sitting over 21% below its record high of ₹7,794.The stock’s still riding high, boasting a whopping 114% increase from its lowest point in the past year. EBITDA in the latest quarter took a 12% hit, landing at ₹112.2 crore compared to ₹127.8 crore in Q4FY23, taking a 202 bps hit YoY, down to 28.7% in Q4FY24. Neuland Laboratories managed to lighten its debt load, with net debt dropping to ₹(32.6) crore by the end of Q4FY24, down from ₹63.0 crore in the same period last year and ₹(44.6) crore in Q3FY24.

Zomato Q4 results

Zomato‘s fiscal in Q4FY24 are with profits soaring to ₹218 crore, a 58% jump from the previous quarter’s ₹138 crore. They were lamenting a net loss of ₹187.6 crore. Revenue for Q4 is predicted to leapfrog by a staggering 70% from the same quarter last year, a mouthwatering ₹2,056 crore to be exact. At this rate, Zomato might just become the Beyoncé of the food delivery world – unstoppable and iconic! And let’s not forget about the EBITDA, poised to 176% to ₹141 crore.

APL Apollo Tubes Q4 Results

APL Apollo Tubes Q4 results,  a 7.55% YoY revenue hike paired with a 15.55% YoY profit dip. Compared to the previous quarter, revenue sprouted by a whopping 14.07%, while profits timidly crept up by 2.98%. Selling, general & administrative expenses decided to crash by 8.79% q-o-q and a jaw-dropping 17.81% Y-o-Y. 

The operating income managed a modest 0.56% q-o-q uptick, even though it took a 15.32% Y-o-Y tumble. The EPS, clocking in at ₹6.14 for Q4, a 15.54% Y-o-Y decline. Apollo Tubes’ performance in the market with a -2.63% return in the last week, a -5.96% return in the last 6 months, but hey, a modest 0.75% YTD return. And stands tall with a market cap of ₹42969.13 Cr and a 52wk high/low of ₹1800 & ₹1047 respectively. 

Oil prices fluctuate amid mixed market responses

Crude oil at India’s Multi Commodity Exchange (MCX), spotted trading at ₹6,528 per barrel, taking a modest 0.35% dip. The futures for June delivery dropping by 0.38% to ₹6,510.The mixed signals emerging from China, the world’s second-largest oil consumer, which released some crucial economic data last week. 

The global crude benchmark Brent took a little dip of around 0.3% in the international market. With the fuel’s futures for July delivery spotted at $82.5 barrel at 0322 hours GMT. The U.S. West Texas Intermediate (WTI) futures for June delivery trading at $78.08, down 0.23% from the previous close. 


Today’s stock market was a whirlwind of highs and lows, with Nifty 50 closing with a modest gain of 0.22% and Sensex strutting 112 points higher. While some stocks soared to new heights, like Cipla and Asian Paints, others faced a downward spiral, exemplified by Tata Motors and BPCL. Neuland Laboratories faced a significant setback, witnessing a sharp decline of over 13.5% following its Q4 results. Zomato with a whopping 58% jump in profits and an anticipated 70% surge in revenue for Q4, signaling its potential to dominate the food delivery arena. APL Apollo Tubes navigated through a mixed bag of results, experiencing a revenue hike but a dip in profits, showcasing the unpredictable nature of the market. As for oil prices, fluctuations persisted amidst mixed market responses, with both domestic and international benchmarks witnessing slight declines, influenced by global economic factors.

Stay tuned on StockGro for more updates on market trends.

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StockGro Team

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