Home » Market Spotlight » What happened in the Indian stock market today (14th May 2024)?

What happened in the Indian stock market today (14th May 2024)?

Sensex closed at 329 points, higher at 73,104.92, while Nifty 50 with a gain of 119 points at 22,222.60.

14 May Market News

Sensex closed at a whopping 329 points higher at 73,104.92, while Nifty 50 settled with a gain of 119 points at 22,222.60. 

Foreign institutional investors (FIIs) waved goodbye to ₹4,498.92 crore worth of shares. Meanwhile, domestic institutional investors (DIIs) pumped in ₹3,562.75 crore worth of shares.

Impact on the stock market

IT & BPM sector+0.15%
Healthcare sector-0.28%
Oil & Gas sector+1.56%
Real estate sector+0.88%
PSU Bank in India+1.04%

Top gainers today

CompanyPriceChange (%)
Adani Enterprise share price 3,037.55+5.49
M&M share price2,269.90+3.92
Hero Motocorp share price5,043.45+3.23
Larsen & Toubro share price3,379.45+2.60
JSW Steel share price881.50+2.43

Top losers today

CompanyPriceChange (%)
Cipla share price1,357.35-4.05
TCS share price3,901.20-1.18
Nestle share price2,487.35-1.15
TATA Cons. Prod share price1,085.45-1.05
Axis Bank share price1,122.85-0.81

Market aftermath: Impact on stocks

INOX India Q4 results

INOX India’s quarterly report, revenue has boasted a 17% increase year on year, leaping from ₹235 crore to ₹276 crore. Net profit takes centre stage with a jaw-dropping 44% YoY jump, hitting ₹44 crore in Q4FY24, leaving its previous figure of ₹30.6 crore.

While revenue is on the up and up, net profit takes a slight dip, down 9% from ₹48.5 crore. Meanwhile, revenue from operations sees a 4% dip from ₹290 crore in the previous quarter. EBITDA Soaring 38% YoY to ₹64 crore, it’s the superhero of operational profitability metrics. Revenues for the year hit a whopping ₹1162 crore, up by 18% YoY. EBITDA follows suit, reaching new heights at ₹282 crore, a 25% YoY increase.

Net profit is up by 27% YoY to ₹196 crore. FY24 export sales hit ₹641 crore with the highest order inflow clocking in at ₹1193 crore and a backlog of ₹1087 crore.

DLF Q4 results

DLF Ltd net profit is a whopping 62% high, hitting ₹920.71 crore in the last quarter. Total income for the fourth quarter of 2023-24 fiscal year climbed to ₹2316.70 crore, compared to ₹1,575.70 crore in the same period last year. And for the whole fiscal year? because it surged to ₹6,958.34 crore, up from ₹6,012.14 crore in the previous financial year. Their net profit for the entire 2023-24 fiscal year reached a staggering ₹2,727.09 crore, a significant leap from ₹2,035.83 crore in the preceding year. Each equity share is set to receive ₹5 (that’s 250% of the face value of ₹2 each) for the FY 2023-24, pending shareholder approval. With an annuity portfolio boasting over 42 million square feet and an annual rental income of ₹4,000 crore, they’re not just building structures; they’re shaping the future of urban living.

RVNL shares surge over 6% on winning order from Southern Railway

RVNL shares shot up over 6% to ₹272 on the Bombay Stock Exchange (BSE). RVNL received an order valued at a whopping ₹239 crore from the Southern Railway. The company proudly announced that they snagged a Letter of Acceptance from Southern Railway to install an automatic block signaling system from Jolarpettai Junction to Erode Junction of Salem Division in Southern Railway territory. RVNL is steaming ahead full throttle, turning heads and making moves in the railway game.

Oil prices fluctuate amid mixed market responses

Oil prices decided to take the climb up as the supply-demand dance tightened its grip. U.S. West Texas Intermediate crude futures decided to adding 18 cents to reach a cool $79.30 a barrel, while Brent crude futures strutted their stuff, gaining 19 cents and hitting $83.55 a barrel. Canada’s hefty production capacity of 3.3 million barrels per day took a hit. Oil prices had a little victory in the previous trading session, scoring a 1%. and China’s growing thirst for the black gold.


In today’s stock market, Sensex and Nifty 50 closed with impressive gains, while the tug-of-war between FIIs and DIIs. Sector-wise, it was a mixed bag, with some sectors like Oil & Gas and Real Estate flexing their muscles, while others like Healthcare faced some headwinds. In the corporate arena, INOX India and DLF Ltd showcased their financial prowess with robust quarterly results, setting the stage for future growth and shareholder rewards. Meanwhile, RVNL’s victory with Southern Railway added to the excitement, proving that innovation and infrastructure go hand in hand. And the oil market roller coaster, where fluctuating prices kept investors on their toes, amidst global supply concerns and changing demand dynamics.

Stay tuned on StockGro for more updates on market trends.

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StockGro Team

StockGro is India’s first and largest ‘Social Investment’ platform aimed at helping you master the art of “Trading & Investment”. Trade, Invest and get rewarded to Learn everything about ‘Investments’ the fun-filled way.

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