Zomato Ltd, a popular food delivery app in India, has been trending on Dalal Street for its Q4 and FY22 results. The stock has zoomed by 13.95 per cent from its previous close of Rs 57. The scrip opened at Rs 58.35 and made a day’s high of Rs 67.60. It closed at Rs 64.95. 

The shares of Shilpa Medicare soared 10.47 per cent to Rs 453.25 on BSE after the company announced promising results for the quarter that ended on March 31, 2022.

At the closing bell on May 24, the Sensex closed with a loss of 0.4 per cent or 236 points to close at 54,052.61, while the Nifty index lost 0.6 per cent or 90 points at 16,125.15. 

 Shilpa Medicare, Hikal and Tanla Platforms witnessed positive action in today’s session.  

Worries over slowing economy and rising interest rates supported by soaring inflation kept on haunting the global market. The benchmark indices ended lower in the volatile session with Nifty slipping below 16,150. 

BSE Smallcap index underperformed broader markets by closing at 25,883.85 with losses of 1.14 per cent.

BSE Sensex closed with a loss today, falling by 236 points to close at 54,052 levels.

Nifty witnessed selling pressure towards the end as it tumbled below the 16,150-mark to close at 16,125.15.

Venus Pipes & Tubes has a great start after listing as the scrip hit the upper circuit of 5%. The issue price range of the IPO was Rs 310- 326. Currently, the trading has been halted at Rs 351.75. It has rewarded its shareholders by listing at a premium of 7.9 per cent from the higher end of the issue price range.

Olectra Greentech, Zomato and CarTrade Tech Ltd are today's mid-day movers.

Aside from the other systematic and unsystematic risks, investing in a mutual fund entails fund manager risk. In this post, we talk about fund manager risk and the steps to resolve it.