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Shyam Metalics and Energy Limited (SMEL), expanded its rail infrastructure at its integrated steel plant in Pandloi, near Rengali, Sambalpur district, Odisha. This initiative, is part of the company’s long-term strategy for sustainable growth and efficient operations.

Indian government bond yields are expected to trade little, changed at the start of the week, amid consolidation around the current levels, while traders await fresh triggers for a further downmove.

NSE Nifty was up by 0.56 per cent or 127.60 points to 23,086.85, while the BSE Sensex was at 75,911 up by 0.66 per cent or 500 points.

Trading in cash equity segment of NSE and BSE have slowed down in the last two months, even as the markets are hitting a new high.

Foreign Portfolio Investors (FPIs), have shifted from heavy selling to increased buying of Indian equities, anticipating a clear BJP/NDA win in the general elections, analysts said.

Foreign investors have pulled out a massive ₹22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections, and outperformance of Chinese markets.

NSE Nifty was down by 0.1 per cent or 22.25 points to 22,479, while the BSE Sensex was at 73,878 down by 0.17 per cent or 128.98 points.

Amid election outcome jitters, Foreign Portfolio Investors (FPIs) have turned even more aggressive in selling Indian equities with net outflows touching ₹28,242 crore this month as of May 17. FPIs had net sold equities worth ₹8,671 crore in April.

India’s traditional PC market, including desktops, notebooks, and workstations shipped 3.07 million units in Q1 of FY24, registering a year-over-year (y-o-y) growth of 2.6 per cent, according to International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.

SBI Mutual Fund expects to mop up ₹5,000 crore through its seventh thematic new fund offer (NFO) on Automotive Opportunities, which will be open for investors till May 31.