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Welcome to Top of the Morning by Mint.. I'm Nelson John and here are today's top stories. Tax Deadline Extended: More Time, More Disclosures Taxpayers not requiring audits now have until 15 September to file returns for FY 2024-25. The CBDT extended the deadline from 31 July due to significant changes in ITR forms, which now require detailed disclosures on tax-saving investments, capital gains, TDS on non-salary income, and HRA. Experts call the move a relief amid increased compliance.Budget 2025-26 sweetened the deal for middle-class taxpayers, raising the no-tax threshold to ₹12 lakh, and simplifying TDS norms. Direct tax collections hit ₹22.26 trillion, a 13.57% jump, reinforcing India's push toward a digital-first, transparent tax regime. North-East India Bags ₹4.32 Trillion in Investments India's North-East is emerging as an economic powerhouse. At a recent investment summit, the region attracted ₹4.32 trillion in deals across agriculture, hydropower, IT, tourism, and bamboo. Union minister Jyotiraditya Scindia confirmed that each state is preparing tailored incentive packages and logistics policies.With Guwahati and Agartala poised to become international gateways, and 70% of the India-Myanmar-Thailand highway complete, the region's 12–13% decadal growth rate is set to soar even higher. Described as India's ‘Ashta Lakshmi', the North-East is becoming central to trade, diplomacy, and inclusive growth. Vodafone Idea Faces Financial Cliff as AGR Relief Denied Vodafone Idea's troubles deepen after the Supreme Court rejected its plea for AGR dues relief. Its survival now hinges on whether the ₹6,000 crore in bank guarantees it submitted to the government will be invoked.If the DoT calls in the guarantees, lenders like SBI and PNB will be on the hook—turning those into high-interest loans. With a ₹2 trillion debt pile and limited cash flow, analysts fear this could cripple the already fragile telecom sector.The telco has urged government intervention to avoid a market duopoly, especially since the Centre owns a 49% stake in the company.  CEAT Reroutes US Expansion Amid Trump Tariff Threat CEAT's $225 million acquisition of Canadian brand Camso aimed to crack the US tyre market. But Donald Trump's threat of 44% tariffs on Sri Lankan exports—where Camso manufactures—has thrown a wrench in the works.CEO Arnab Banerjee says the company will now shift US-bound production to India, though that too may face a 26% reciprocal tariff.Despite the uncertainty, CEAT's stock is up 18% this year, as investors remain bullish on its global expansion. But with nearly one-third of Camso's revenue coming from the US, analysts say the deal's long-term value now hangs in the balance. NMDC Mines Profit, But Faces Price Pressures Mining major NMDC posted a solid 5% jump in Q4 profit to ₹1,483 crore, with annual net profits rising 17% to ₹6,539 crore, powered by strong iron ore and pellet sales. Revenue for FY25 crossed ₹25,000 crore.Chairman Amitava Mukherjee reiterated the company's goal of hitting 100 MTPA production in five years, citing visible gains from ongoing initiatives.However, average iron ore prices dipped and JSW Steel—a major client—expects further softness. Despite that, NMDC announced a ₹1 per share dividend, adding to its earlier ₹2.30 payout.Eyes are now on how NMDC sustains growth amid falling ore prices and global demand shifts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to Top of the Morning by Mint, your weekday newscast that brings you 5 major stories from the world of business. It's Monday, May 19th, 2025. This is Nelson John. 1. Q4 Earnings Storm: Over 660 Companies Line UpIt's a blockbuster week on Dalal Street as over 660 companies, including market giants like Power Grid, ONGC, Hindalco, and ITC, prepare to report Q4 results. The Nifty 500 has already surprised positively with 10.5% earnings growth, signaling a mid-cap revival. Investors will closely track results starting Monday from firms like DLF and Pfizer, followed by Hindalco, Dixon, and Max Healthcare on Tuesday. Wednesday belongs to ONGC, IndiGo, and Mankind Pharma. By Friday, the likes of JSW Steel and Reliance Infra will cap off what could be a defining week for FY25 sentiment. Even Saturday will see earnings action from JK Cement and Indigo Paints. The momentum here could shape the market's next big move. 2. IMF's 11-Point Lifeline to PakistanPakistan has secured a fresh $1 billion from the IMF—but with 11 strict conditions. The total disbursed now stands at $2.1 billion. Key demands include passing a ₹17.6 trillion budget, implementing agricultural income tax, raising energy tariffs, and phasing out tech zone incentives by 2035. Failure to meet these could jeopardize further aid. Adding to the pressure, the IMF has flagged rising India-Pakistan tensions as a potential risk to the reform path. As Pakistan stares at a tough fiscal balancing act, the road to economic stability is paved with policy overhauls and public patience. 3. India Hits Bangladesh with Trade CurbsIndia has restricted port access for Bangladeshi goods worth $770 million, impacting nearly 42% of Dhaka's exports into India. The move blocks key items like garments and processed foods from land routes, now limiting them to Kolkata and Nhava Sheva ports. While India hasn't cited geopolitical reasons, the restrictions follow Dhaka's curbs on Indian yarn and rice exports and a transit fee on Indian cargo. Experts say India is using economic tools to push back against Bangladesh's growing tilt towards China, which recently signed $2.1 billion worth of deals with Dhaka. With trade ties fraying, the two neighbors are veering from collaboration toward confrontation. 4. Adani's Deep-Sea Defence PlayAdani Defence & Aerospace has signed a major partnership with US-based Sparton to localize anti-submarine warfare tech in India. This makes Adani the first private Indian firm to offer indigenised sonobuoy systems—critical for undersea detection and naval security. The tie-up aligns with India's ‘Aatmanirbhar Bharat' vision and is poised to boost Indian Navy capabilities. Jeet Adani called it a step toward securing sovereignty amid rising maritime threats. Sparton CEO Donnelly Bohan said the collaboration will help build high-tech jobs and localized defence manufacturing. India's push to be a global player in undersea warfare just got a sonar-powered boost. 5. Ola's Gigafactory Ambitions Hit DelayOla Electric's grand gigafactory plan has hit a snag. Despite raising ₹5,500 crore last year, the company has not utilized the ₹1,227 crore earmarked for expanding battery cell capacity to 6.4 GWh by April 2025. Phase 1b and Phase 2 are delayed, with commercial production now pushed to FY26. This could endanger Ola's eligibility for incentives under the ₹18,100 crore PLI scheme. The company, already facing mounting losses—₹564 crore in Q3 FY25—is under scrutiny for delayed execution and missed milestones. Analysts warn that unless Ola speeds up or outsources, its dream of a 20GWh facility by 2026 may remain on paper. Learn more about your ad choices. Visit megaphone.fm/adchoices

SC strikes down JSW Steel's Bhushan Power deal; Apple's India shift could unlock a $14 bn opportunity; SEBI plans a crash course to curb insider trading; India tightens economic pressure on Pakistan; Avaada eyes Rs 5,000 cr IPO; Utpal Sheth on jobs and consumption; Warren Buffett signs off. Tune in.

In today's episode, we feature reports on the Supreme Court's order to liquidate Bhushan Power and Steel, affecting JSW Steel's acquisition plans. Apple diverts India-made iPhones to the US, and Adobe CEO's insights on India's creator economy. There's also a revival of Amaravati as a green capital project and an increase in corporate NPS as employees shift to the new tax regime. Plus, MC Insider covers unusual boardroom gossip, including chapatis in CTCs and a wedding-turned-warfare.

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 21 -While yesterday was a stock market holiday on account of voting in Maharashtra, the Nifty50 finally broke its seven-day losing streak—the longest in over 20 months — on Tuesday. Despite a strong opening and a positive first half, a sharp sell-off in the latter half wiped out the day's earlier gains, reportedly triggered by news of Ukraine's strike inside Russia. -Today's trading session will also see whether the Nifty 50 bulls are able to defend the 23,500 mark on the downside, particularly on the Nifty expiry day. -Meanwhile, Deepak Jasani of HDFC Securities expects Nifty to form a higher low before embarking on a sustainable bounce. 23350-23815 could be the band for the Nifty over the near term, he says. Religare Broking's Ajit Mishra said the Nifty's movement reflects that bears are firmly in control, using every rebound as an opportunity to short. -This morning the GIFT Nifty was higher, trading at a premium of nearly 90 pts from Nifty futures Tuesday close, indicating a gap-up start for the Indian market. -Stock to track: UPL, Dr Reddy's, Tata Power, Garden Reach Shipbuilders & Engineers, Aditya Birla Capital, JSW Steel, Aegis Logistics, Adani Infra -Asian equities declined in early trading, reflecting a muted mood on Wall Street that was amplified by Nvidia Corp.'s lackluster revenue forecast. Shares in Japan and South Korea fell alongside Hong Kong equity futures. Contracts for US benchmarks declined Thursday in Asian trading after falling on Nvidia earnings. The chip giant met third-quarter revenue and earnings expectations, but failed to meet the highest estimates for future revenue. Shares in Australia were slightly higher. -The tepid response to Nvidia's earnings may ripple across global markets, given the size of the world's largest company by market value and its role in the artificial intelligence boom. Shares of South Korea's SK Hynix, which is a supplier of Nvidia, rose as much as 0.9% in Seoul. -Meanwhile, investors in Asia will also be looking to gauge the effect of a US indictment of Gautam Adani and other executives over the alleged payment of more than $250 million in bribes. -On the other hand, Bitcoin set another all-time high, supported by a series of developments highlighting the deepening embrace of the digital-asset industry in the US under crypto cheerleader Trump. The world's largest cryptocurrency is fast approaching $100,000, helped along by MicroStrategy Inc.'s massive purchases. -Gold was up early Thursday, notching its fourth daily advance. Oil prices also climbed after retreating Wednesday. Tune in to Marketbuzz Podcast for more cues

Welcome CNBC-TV18's Marketbuzz Podcast. Here are top news from around the world ahead of the trading session of October 21 -The market recorded its third consecutive weekly loss, marking the longest losing streak of 2024, despite a surge on Friday that helped reduce the decline. A recovery in banking majors during the final session helped pare some losses, with both the Nifty and Sensex closing above 24,860 and 81,220, respectively. -Sector performance was mixed, with banking, financials, and realty posting decent gains, while auto, metals, and FMCG sectors were the top losers. The broader indices reflected a similar trend, as the midcap index lost nearly a percent while smallcap closed slightly positive. -Today, in the absence of any major triggers, market participants will focus on upcoming earnings for direction. Shares of HDFC Bank, Kotak Mahindra Bank, and Tech Mahindra, which reported earnings over the weekend, will be in focus on Monday. -Earnings: UltraTech Cement, Hindustan Unilever, Bajaj Finance, Bajaj Finserv, HUL, SBI Life, ITC, Bharat Electronics, BPCL, HPCL, Coal India, JSW Steel, Shriram Finance, ICICI Bank. -Stocks to watch: Alembic Pharma, HDFC Bank, MCX, Star Cement -On the global front, Asia's benchmark stock index rose this morning, while gold touched a record high as tensions in the Middle East stoked demand for the asset as a haven. Australian stocks climbed, while Japanese equities swung between gains and losses. US futures rose after the S&P 500 notched up a sixth straight weekly increase, its longest winning streak this year following a slew of corporate results and signs the world's largest economy remains robust. -On Friday, US stocks closed their latest winning week with more records. The S&P 500 rose 0.4% to squeak past the all-time high it had set early this week. The Dow Jones Industrial Average added 0.1%, to its own record set the day before, and the Nasdaq composite gained 0.6%. Netflix helped drive the market with a leap of 11.1% after the streaming giant reported stronger profit for the latest quarter than analysts expected. That was despite a slowdown in subscriber growth. -In US earnings this week, Tesla Inc. faces questions on its production targets and regulatory challenges after the unveiling of its much-hyped Cybercab failed to enthuse investors and quell concerns over its recent vehicle sales. -Now, despite the ongoing positivity in the US markets, the Indian markets have been largely unresponsive, a divergence likely to persist due to continued foreign fund outflows. Ajit Mishra of Religare Broking says that any change in the fund flow pattern would also be on the participants' radar. -This morning, the GIFT Nifty was trading flat versus Nifty Futures' Friday's close, indicating a muted-to-negative start for the Indian market. Tune in to Marketbuzz Podcast for more cues

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Tuesday, October 1, 2024. My name is Nelson John. Let's get started.Nearly 300 stocks, including JSW Steel and NTPC, reached one-year highs on the BSE, despite the Sensex and Nifty 50 dropping over one per cent amid weak global cues.Last week, the government of China infused 143 billion dollars into its economy to try and revive it out of a slump. This led the Chinese public markets to experience their best week in more than 16 years. Initiatives also included a 2 trillion yuan bond, easing rules for buying homes, and revival of consumer spending. N. Madhavan explains this stimulus package, and how it might affect the Indian economy.Investors always wondered when Swiggy would list on the public markets. After its rival Zomato touched record highs this year, that intrigue turned into a fertile ground for Swiggy to have its IPO. This has also led Swiggy's shares being sold and re-sold all over at sky-high prices in the grey market. While Swiggy's current market cap is around 80 to 90,000 crore rupees, investors are hoping that this amount at least doubles to reach the vicinity of Zomato's 2.5 trillion rupee valuation. Neil Borate and Anil Poste speak to Swiggy's investors, and outline the current situation in the grey markets.Infamous Shark Tank judge and co-founder of BharatPe Ashneer Grover reached a settlement with the fintech unicorn yesterday. He officially ended all associations with the company. Mansi Verma writes that as part of the agreement, some of Grover's shares will be transferred to the Resilient Growth Trust, while the remainder will be managed by his family trust. All ongoing legal cases between the parties will be dropped.Placement teams at India's top tech schools, notably the IITs, are getting proactive. They're reaching out to potential recruiters early this year, hoping to avoid last year's job placement struggles. Devina Sengupta however reports that companies from IT, manufacturing, and banking sectors are still on the fence about how many grads they'll hire from the 2025 batch. The older IITs, like those in Madras, Bombay, and Delhi, typically start their placement season in December, while the newer ones begin as early as August to get a head start. Last year didn't end well for many grads who remained unplaced due to a cautious hiring climate amid economic uncertainties. Some early recruiters like Samsung, Accenture, and Larsen & Toubro have already shown interest, and companies like Godrej Properties are looking to increase their hires from these institutes. IITs are also targeting startups and quick commerce platforms, with companies like Meesho planning to significantly increase their campus hires from last year.In Haryana, despite its economic prowess, life isn't as rosy for everyone. The state, boasting a per capita income much above the national average, hides a different reality in its villages, which make up about 65% of its population. As the state gears up for elections, this stark contrast between the prosperous urban areas like Gurgaon and the struggling rural regions like Kulana is shaping the political battleground. This year, the fight is straightforward, boiling down to a direct clash between the BJP, holding the fort for two terms, and the Congress. The real issues fueling this face-off aren't just economic stats but real-world problems affecting daily lives—agricultural distress, contentious army recruitment policies, and a heavy reliance on unreliable migrant labour. Sayantan Bera takes a deep dive into the issues, challenges, and problems faced by Haryana voters as the state goes to polls this coming Saturday. 

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Friday, July 26, 2024. My name is Nelson John. Let's get started:Sensex was down by 0.14 percent, while Nifty dropped by 0.03 percent during trading hours yesterday.Nifty and Sensex aren't the only ones having a poor run. Their cousin in the US, Nasdaq, is having a bit of a meltdown too. Technology stocks, which were having a dream run over the past couple of years, have seen a massive sell-off this week. So far this week, Nasdaq is down nearly 3 and a half percent. Widespread fear of the artificial intelligence bubble bursting for these tech stocks has spooked investors, who have decided to sell en masse. Abhishek Mukherjee brings you the details of this sudden change, and what lies ahead for Nasdaq's tech stocks.Gold prices too are down around 7 percent since the Union Budget cut the import duty on gold. This move by Nirmala Sitharaman raised fear among investors because this directly affected the yields of sovereign gold bonds. But Ram Sahgal reports that despite this beating, investors in the gold bonds still stand to double their investments. As per the Reserve Bank of India, bonds bought in 2016 which are to be redeemed in August this year will give an annual compounded rate of 10.3 percent. In comparison, Nifty has compounded 13.8 percent over the same period. It's not all dull for gold bond investors, after all.Out with the dollar, in with the yen. Indian companies are increasingly open to taking on debt in Japan's national currency, as opposed to the standard US dollar. The yen has slid 18 percent against the rupee since the beginning of 2023. Nehal Chaliawala and Shayan Ghosh report that this makes it quite appealing for Indian corporates to take on debt — a sliding currency means that the borrower will have to pay less than anticipated. Companies like JSW Steel, Power Finance Corporation, and the Housing and Urban Development Corporation have taken yen-denominated debt worth about 11,000 crore rupees in the past 11 months. Even the Tamil Nadu government has borrowed a substantial amount in the Japanese currency, note Nehal and Shayan.Patanjali has a new segment it wants to conquer in the FMCG industry: toothpaste. After faring well in areas like ghee, biscuits, hair oil, and honey, the Baba Ramdev-led company wants to beat out the likes of Colgate, Nestle, and Unilever. We invited freelance journalist Devika Singh to take a deep dive into the company's latest pursuit. Patanjali has also done quite well in the ayurveda space, and now wants to replicate that success across the FMCG board. Devika writes about Patanjali's past, how it turned its focus into FMCGs, and what the road looks ahead after consecutive years of flat revenues.The Olympics start today! The celebrated sporting event starts in Paris today, and will continue for the next two and a half weeks. Every leap year, athletes look forward to qualifying and participating in this spectacle. However, every leap year, another discussion takes place: that India should host the Olympics. Siddharth Upasani writes that this isn't a very wise move. Hosting such an event costs about 8 billion dollars. While the organising committee is looking to make Olympics more sustainable and cost effective, at this stage, India isn't ready and doesn't need to host Olympics, Upasani writes.We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance. Show notes:The Magnificent Seven: Has the AI bubble burst? Gold bondholders winners even after slash in dutyIndian borrowers take fancy to Japanese debtA new Patanjali: The monk who sold toothpaste is at it again Why India shouldn't host the Olympics—a costly affair with no returns 

-Welcome to CNBC-TV18's Marketbuzz Podcast. Here are all the important updates ahead of the trading session of July 18 -As the market resumes trading today after a mid-week holiday, June quarter results seem to have taken the centre stage. In the next 2 sessions, 35% of the Nifty companies will be in focus due to earnings. -On Wednesday, Asian Paints and LTI Mindtree reported their results whereas today IT major Infosys is due to announce its first quarter results after market hours. On Friday, Reliance, BPCL, JSW Steel, Ultratech as well as Wipro will report their earnings. And over the weekend, HDFC BANK and Kotak Mahindra bank will do so. -All eyes are now on the Union Budget which is three trading sessions away. Meanwhile, Chris Wood, Global Equity Strategist of Jefferies believes that we are nowhere near to ending the bull run market in India. -The GIFTNifty was trading with a premium of nearly 30 points from Nifty Futures' Tuesday close this morning, indicating a start in the green for the Indian Market. -Thursday is also the weekly options expiry of the Nifty 50 contracts. Earnings reaction will be seen in stocks like Asian Paints, Just Dial, LTIMindtree, Hathaway Cables, Elcon Engineering and others. -Stocks to track: Zensar Tech, L&T Finance, Zee Entertainment, IREDA, Nazara Technologies, Glenmark Pharma, Techno Electric & Engineering, Adani Green Energy, -In terms of global cues, Asian equities fell this morning, as a global selloff in technology stocks deepened on concerns over tighter US restrictions on chip sales to China. Shares in Japan and South Korea dropped, with the Topix falling as much as 1.5%, weighed down by a stronger yen and further fallout from heavy selling in chipmakers around the world. -Hong Kong and mainland Chinese stocks fluctuated in early trade, with the Hang Seng Tech Index down as much as 1.2%. US futures drifted higher after the S&P 500 fell 1.4% and the Nasdaq dropped 2.9%, its worst day since 2022, on Wednesday. - In other news from around the world, back home, Karnataka has put the controversial bill on job reservations in the private sector on hold. Globally, US President Joe Biden has tested positive for covid-19. Tune in to the Marketbuzz Podcast for more cues

Masdar acquires Greece's Terna Energy for 2.4 billion euros, eyeing further European renewable energy investments. Nissens Cooling Solutions relocates production from Europe to Eastern Europe and China due to economic pressures, highlighting EU industry challenges. JSW Steel USA invests $110 million in Texas facilities to support U.S. offshore wind development, leveraging Inflation Reduction Act incentives. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech, and I'm here with the founder and CEO of Intel store, Phil Totaro. And the chief commercial officer of Weather Guard, Joel Saxum. And this is your News Flash. News Flash is brought to you by our friends at IntelStor. If you want market intelligence that generates revenue, then book a demonstration of IntelStor at IntelStor. com. Masdar has announced plans to acquire Greece's Tera Energy. The deal, valued at 2. 4 billion euros, marks the largest energy transaction on the Athens Stock Exchange. Master will initially acquire 67 percent of Terna Energy shares with the intention to reach 100 percent ownership through a subsequent all cash tender offer. This acquisition is expected to significantly boost Greece's renewable energy capacity and contribute to the EU's net zero carbon footprint. By 2050 target. All right, Phil. Masdar's back at it again. Philip Totaro: Well, and this starts off a campaign of theirs to invest in properties in Europe. Terna Energy's got wind a little bit of solar, a little bit of hydro, and a little bit of biomass. It's about 1. 2 gigawatts worth of wind at this point, but a six gigawatt renewables portfolio that they actually want to install. So this is going to provide them with, the capital that they need to be able to pursue that. But Mazda looks like they're not done. They've come out in the financial times and publicly stated that they're looking for other investment vehicles in Europe. And it sounds like there are some in. Germany and possibly Finland, Sweden maybe Holland as well, that, that they could they could gobble up here as, as they look to expand. Allen Hall: Danish wind supplier Nissens Cooling Solutions has decided to move all its production abroad to reduce costs. The company, which produces cooling solutions for a major European wind turbine manufacturers, will relocate its production to existing facilities in Slovakia. the Czech Republic and China throughout 2024. The decision comes in response to difficult market conditions, including geopolitical tensions affecting order timing and supply chains, as well as fluctuating material and energy costs. Phil, inflation is a big deal in Europe still, it is still causing major upset in the supply chain. We've seen a couple of other companies move out of essentially Europe into Eastern Europe and into China because of similar issues. This is just continuing for months now. Is Nissens still on the leading edge of this movement, or are there more to come behind them? Philip Totaro: It's entirely possible there's more to come, because, as you mentioned, inflation is part of it. It's really the lack of support that the industry's been given by The EU government and then the individual countries themselves, Denmark can't, step in and save every single company just like we see with Spain not being able to step in really and do anything for Siemens Gamesa either.

This is the Catch Up on 3 Things for the Indian Express and I'm Flora Swain.It's the 23rd of May and here are today's headlines.Tensions flared in Nandigram in West Bengal's Purba Medinipur district today. Hours after a woman worker of the BJP was killed and seven others were injured after being attacked on Wednesday night, days before the sixth phase of the Lok Sabha elections in the state. As the BJP took to the streets in protest today by torching shops and blocking roads using trees and setting them on fire, security was beefed up with Rapid Action Force and central forces being deployed, apart from the police.A senior Kolkata police officer said that the initial probe into the “murder” of Bangladesh MP Anwarul Azim Anar revealed that one of his friends had paid around Rs 5 crore to kill the neighbouring country's parliamentarian. Anar, who went missing in Kolkata since 13th of May, was found murdered and three people have been arrested, Bangladesh Home Minister Asaduzzaman Khan had said on Wednesday. The West Bengal Police had said investigation of the case has been taken up by the state CID.Recent heavy showers have caused significant destruction in Kerala, and resulted in at least four deaths. The India Meteorological Department has issued an orange alert for Ernakulam, Thrissur, Idukki, Palakkad, Malappuram, Kozhikode, and Wayanad districts today. With heavy rainfall forecast, the weather department has also issued a yellow alert for Thiruvananthapuram, Kollam, Alappuzha, Pathanamthitta, Kottayam, Kannur and Kasargod districts. An ‘orange' alert is an indication to be prepared and warns of waterlogging and major traffic disruptions.Frontline equity index NSE Nifty 50 hit an all-time high of 22,880.55, going past the previous mark of 22,794.  30-share BSE Sensex, along similar lines, is trading 873.12 points, or 1.19 per cent higher, at 75,061.74 points.Among the Sensex firms, Asian Paints, Axis Bank, State Bank of India, Larsen & Toubro, Reliance Industries, Wipro, Titan and Bharti Airtel were the major gainers. On the other hand, Sun Pharma, JSW Steel, Power Grid, and Tata Steel were the laggards.Norway said it will further tighten its restrictions on the entry of people from Russia. It further stated that those with tourist visas issued by Norway before regulations were tightened in 2022 or issued by another European country will be barred from entering the Scandinavian country as of next week. Justice Minister Emilie Enger Mehl said the tightening was a response to “Russia's illegal war of aggression against Ukraine.” Norway has a 198-kilometer (123-mile) -long border with Russia in the Arctic.This was the Catch-Up on the 3 Things by The Indian Express.

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Tuesday, March 19, 2024. My name is Nelson John. Let's get started:On a day marked by wild gyrations of the Sensex and Nifty, the benchmark indices managed to end Tuesday on a positive note. Both Sensex and Nifty ended the trading session about 0.15 per cent above their previous close. Tata Steel, Mahindra & Mahindra, JSW Steel and Tata Motors emerged as the top gainers on Tuesday. Have you invested in a small cap fund? Or looking at the high rate of return, have you been tempted to? Market regulator Sebi put small and mid cap funds under a stress test to check if they can handle a large sum of money, especially in a space which tends to have less liquidity. But what was the need for this test? Mint Money's Neil Borate and Jash Kriplani explain the move. Over the last two years, assets under management for small-cap mutual funds have more than doubled! This coupled with an average return value of more than 45 per cent, raised concerns with the regulator. Sebi asked small cap funds to rank companies under their management in descending order of liquidity. Days to liquidation vary from 12 days for 50 per cent liquidation for smaller funds, to 60 days for larger ones. Neil and Jash also tackle questions around the methodology of the stress test and whether you as a small-cap investor should be worried. Tata Sons, the parent entity of India's premier software services company Tata Consultancy Services, is reportedly planning to offload 23.4 million shares through block deals. The shares are to be sold at a price of 4,001 rupees each, totalling an estimated 9,300 crore rupees or about 1.1 billion dollars, as per a Bloomberg report. Tata Sons owns more than 72 per cent of TCS, which has seen its share value increase by 30 per cent over the last year. This strategic sale is speculated to be a manoeuver by the Tata Group to bypass the need for a public market listing for Tata Sons. Such a listing is a requirement set by the Reserve Bank of India for 'upper layer' non-banking financial companies to be listed on stock exchanges.The issue of electoral bonds is more layered than was initially understood. Days into SBI releasing details of donations made by corporations to political parties, the data keeps on throwing up surprises. Mint's Varun Sood unpacks more of it in this next story. Megha Engineering and Infrastructures Ltd , a prominent player in India's infrastructure sector, finds itself at the centre of a puzzling discrepancy about its political donations made through electoral bonds. According to Megha Engineering's  last annual report, the company purchased electoral bonds worth 280 crore rupees. However, the Election Commission's data tells a different story. The commission's data shows Megha and its subsidiary, EveyTrans, together only bought bonds totaling 199 crore rupees in FY23. This discrepancy raises serious questions about the accountability of such instruments, meant to channel money anonymously to political parties. Meanwhile, the Supreme Court, which deemed electoral bonds illegal in a landmark judgement last month, has told the State Bank of India to disclose all details. This includes the date of purchase and redemption, the name of the purchaser and recipient, denomination, and alphanumeric numbers and serial bonds. Mint's legal correspondent Krishna Yadav reports on the Supreme Court's strict and no nonsense approach towards electoral bonds.  What's common between Sachin Tendulkar in the early 2010s, Muhammad Ali in the 80s and Roger Federer in the late 2010s. They were all past their prime but were still going on. Now what if I told you a similar analogy can be drawn in the stock market with giants like HDFC, Hindustan Unilever (HUL), and Asian Paints. These companies were once the stalwarts of equity markets, with a widespread belief that investing in them was a surefire win. However, everything has an expiration date. In 2023, for the first time, shares of HDFC Bank, HUL, and Asian Paints all lagged behind the Nifty50's impressive 20 per cent increase. While Asian Paints saw a modest 10 per cent rise, HDFC Bank climbed by only 5 per cent, and HUL grew a mere 4 per cent. Mint's national editor, Abhishek Mukherjee, offers an in-depth analysis of the downturn experienced by these once-iconic stocks. New Delhi-based Azure Global Power, a renewable energy firm listed on the New York Stock Exchange, is considering strategic moves including selling a stake to a partner. People familiar with the development told Mint's policy bureau chief Utpal Bhaskar, that the company is even mulling selling the entire business. Originally listed on the NYSE in 2016 and subsequently delisted in 2023, Azure Power has significant investment from Canadian pension funds CDPQ and Ontario Municipal Employees' Retirement System, who own 53.4 per cent and 21.4 per cent of the company, respectively. We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance. Show notes:Mint Primer: Why you shouldn't stress out over new mid- and small-cap testsTata Sons to sell 23.4 million TCS shares worth ₹9,000 crore in block dealAt India's second-largest engineering co, gaps emerge in electoral bond fundingWhy Dalal Street's one-time darlings are struggling to keep the romance goingAzure Power is navigating leadership churn; a stake sale may be next

In episode 4 we hear from Sajjan Jindal, the Chairman & Managing Director of JSW Steel, one of the largest steel producers within what is now the most dynamic and exciting steel market in the world. India will see the biggest growth in steel production and consumption of any region of the world in the next 50 -10 years. It has to do so while improving its relative carbon footprint. As a key industrial player in India, JSW is at the centre of that process.Sajjan Jindal offers his insights into how his company and the Indian steel industry will develop over the next 30 years. Global steel decarbonisation depends critically on the role India will play and this discussion provides fascinating visions of how this will evolve. Hosted on Acast. See acast.com/privacy for more information.

Indian benchmark indices, Sensex and Nifty 50, are poised to open relatively flat yet leaning towards a positive trajectory on November 17. This optimistic outlook is fueled by expectations of the US Federal Reserve concluding rate hikes and a decline in crude oil prices. However, the significant volatility that the market saw in the previous session is likely to extend on November 17 as well. Notably, the focus will be on financial stocks — both banking and non-banking sectors. This follows the Reserve Bank of India's move to tighten norms for consumer credit, urging banks and NBFCs to assign a higher risk weight for unsecured personal loans. This strategic measure aims to instill a sense of caution among lenders regarding such advances, with a 25 percentage point increase in risk weight on unsecured consumer loans. Meanwhile, the overnight session on Wall Street concluded with US indices displaying a mixed performance, largely near the flat line. As far as the Indian economy is concerned, crude prices have seen a further sharp correction. Crude prices were hovering around the $95 per barrel mark a few months ago. However, in the previous session, there was a 5% dip, bringing Brent futures to approximately $77 per barrel in morning trade. Stocks like TVS Motor Company, Axis Bank, JSW Infrastructure, JSW Steel, and other financial stocks will be in focus. Tune in to the Marketbuzz Podcast for more cues

The markets on Thursday, October 19, did recover from lows, but closed in the red, for the second consecutive trading session. Foreign institutional investors net sold around ₹1,093 crore, while domestic institutional investors net bought around ₹736 crore. So, net net institutions were sellers in Thursday's trade. US Fed ChairJerome Powell indicated in a speech yesterday that inflation is too high and it's likely to require lower economic growth. The US treasury yields have jumped to 5% which is the highest level since 2007. US markets did close lower on the backdrop of the US Fed chief's comments. Asia is largely in the red and we have crude prices which are above $90 dollars on nagging worries about the Middle East. These cues do not seem seem to be boarding too well for our markets. The GIFT Nifty is indicating a start in the red for the Indian benchmark indices, Nifty 50 and Sensex. In terms of earnings, watch out for reactions from ITC, HUL, United Breweries, among others. Today, Central Bank of India, JSW Steel, Laurus Labs, are among the companies reporting their earnings today. On Saturday, October 21, ICICI Bank and Kotak Mahindra Bank will be reporting their earnings and so the markets will be focused on these as well.

Indian benchmark indices — Sensex and Nifty 50 — are likely to open little changed on July 16 after hitting record highs in the last trading session on July 14. This on the hopes of the US Federal Reserve pausing its rate hiking cycle while weak China data remained an overhang. India's GIFT Nifty on the NSE International Exchange was up 0.09 percent at 19,636.5 as of 8:11 a.m. HDFC Bank will announce its results for the April to June 2023 quarter, and JSW Steel followed by Reliance on Friday. Meanwhile, the global setup continues to be very positive. US economists are calling it a goldilocks scenario because inflation is trending down while the labour market continues to be resilient. Economists who expected a recession in the US economy towards the end of the year are saying that now the base case is that the recession may be pushed forward to next year, the early part of next year and it could be a soft landing. The US economy is truly resilient to absorb the more than 500 basis points of rate hikes that we've seen so far in the last 12 months and it's not going to tip it into a very deep and severe recession. Back home, after spending a week consolidating a band of 19,300 to 19,500 the markets convincingly broke out. The Nifty 50 scaled to an all-time high of 19,550 mark HDFC Bank, will report its earnings numbers for the June 30 ended quarter. The stock has a 29 percent weight on the Nifty Bank. Other companies due to post their earnings include LTI Mindtree and Tata Elxsi. Tune in to the Marketbuzz Podcast for more news and cues ahead of today's session

Equity Cash: Samvardhan, JSW Steel, Dreamfolks Equity Derivative: Hindalco 430 CE, Shriram Fin 1800 CE Index Derivatives: Nifty 19400 CE, Nifty Bank 44700 CE --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

Well, we're actually looking at quite a positive set of overnight cues, both from the US as well as the European markets. Asian markets too are in the green and the GIFT Nifty is also trading in the green, indicating a positive start for our own markets today morning. Overnight, most US markets ended in the green. Dow Jones ended over 0.6 percnet higher and US indices managed to snap a three-day losing streak. European indices too ended with marginal gains, while crude oil prices slipped over a percent in Monday's trading session to the $77.69 a barrel mark. Meanwhile, the Indian markets on Monday witnessed a strong opening. They saw some further buying. However, there was a significant selling pressure in the second half and the markets managed to only end near the flatline and didn't see significant gains. Advanced decline ratio, as far as the broader markets were concerned, were something that were skewed towards the decline or towards the laggard. This ensured that the broader markets underperformed the benchmark index. Reliance Industries was one of the top Nifty gainers. It aided the market's up move, given its high weightage in the Nifty index. Reliance's outperformance actually marked the underperformance of quite a few stocks within the Nifty from other stocks as well. Yesterday, the metal pack too witnessed a lot of buying interest. It will be interesting to see if that interest can sustain today. The record date for the mega impending merger of HDFC Limited and HDFC Bank has been to set to July 13. HDFC Limited, which is a part of many key indices such as the Nifty, Sensex as well as passive indices such as the MSCI, etc, will be deleted from these indices. According to the merger ratio, HDFC Limited shares would now be transferred to HDFC Bank shares. So you will see changes coming in tomorrow in Nifty, Sensex, etc. Two names to watch out for – LTIMindtree which come in place of HDFC Limited in the Nifty and JSW Steel will be replacing it in Sensex. Tune in to Marketbuzz Podcast for more cues and news to track ahead of today's session

In this episode of Market Minutes, Shailaja Mohapatra talks about Federal Reserve's June meeting minutes, JSW Steel entering Sensex, and Adani Wilmar and Marico's mixed Q1 updates. Also, catch Sneha Poddar of Motilal Oswal Financial Services in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends.

In this episode, find out about LIC offloading 2% stake in India Cement, also about Tata AMC on increasing stake to 7% in DCB Bank. Business Term of the Day: Aircraft lease

Indian benchmark indices — Sensex and Nifty 50 — are set to open higher on June 28, following gains on Wall Street after witnessing broad-based buying in the previous session, with the benchmark blue chip Nifty 50 inching towards an all-time high. India's NSE stock futures listed on the Singapore Exchange were up 0.25 percent at 18,858, as of 08:08 am. The Nifty 50 is less than half a percent shy of its all-time high level. On Tuesday, there was a very sharp surge in both the HDFC Bank and HDFC Limited on the back of comments from Deepak Parekh that the merger is now nearing and the company had decided on the record date as well. On the back of that, there was also a significant surge in names like LTI Mindtree and JSW Steel, given they could be likely candidates that could come into the Nifty. Meanwhile, the derivatives June series contracts is expiring today. So, some volatility can be expected towards the latter half of the trading session. The US market, on the other hand, bounced back from the previous day's lows and in fact, the tech stocks that bore the brunt of selling pressure, actually led the US markets higher. Back home, the Securities and Exchange Board of India (SEBI) board meeting is scheduled today to discuss the proposed total expense ratio changes, the FPI disclosure norms and the mutual fund total expense ratio. All of this will have a significant impact especially in the mutual fund universe and a few listed stocks from the mutual fund space. Tune in to Marketbuzz Podcast for more cues and news ahead of today's session

Equity Cash: Maha Seamless, JSW Steel, Cochin Shipyard Equity Derivatives: SBI Life 1240 CE, TVS Motors 1340 CE Index Derivatives: Nifty 18600 CE, Bank Nifty 44000 CE --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

Equity Cash: Fortis, Snowman and PayTm Equity Derivatives: Pidilite 2700 CE, JSW Steel 750 CE Index Derivatives: Nifty 18700 CE, Nifty Bank 44000 CE --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

We know we are ending a week where you actually saw the Nifty underperform, and the Nifty saw profit booking emerge at all higher levels. In fact, the Indian markets have declined continuously for the past three trading sessions. On Thursday, the Nifty did see a gap of opening and it also saw a favourable global backdrop. However, despite that, it could not hold on to the opening gains yesterday. Meanwhile, the US markets ended with gains. The Dow Jones ended around 0.4 percent higher and the S&P 500 as well as Nasdaq, both ended with gains of over a percent now, against a favorable backdrop. Also we are now coming towards the end of the fourth quarter FY23 earnings season. What we are actually seeing is a lot of buying activity was being witnessed, and has continued. However, despite that, the Nifty and in fact, even the broader end of the market has seen some profit booking. The Nifty has now fallen over 300 points from Monday's high of 18,458. In fact, the Bank Nifty is off almost 400 points from Monday's high. Now on the week-to-date basis, the Nifty is down almost 1 percent now. The results that the markets will likely react to include Bata, United spirits, InterGlobe Aviation.  NTPC, Power Grid, JSW Steel, will be delivering their results. So overall, you know, while we are currently in the thick of the earnings season, we are coming to the end of it and next week onwards, markets will look for fresh use as far as the direction of the market is concerned. Tune in to MarketBuzz Podcast for more news and cues to track ahead of today's market session

Equity Cash: Chennai Petro, JSW Steel, Pidilite Equity Derivative: Indigo 2200 CE, Hind Copper 105 CE Index Derivatives: Nifty 18100 CE, Nifty Bank 43300 CE --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

Coupon code: IPL (50% off of all model portfolios)00:00 Introduction00:40 IPL coupon code01:44 Wall Street rises as bank fears fade02:29 The number of Americans filing new claims for unemployment benefits rose moderately last week03:33 IPO filings drop by over 50% in FY23 amid unfavorable market conditions04:29 IPO pipeline for FY24 remains strong05:18 Credai urges RBI not to hike repo rates06:03 SEBI meeting outcomes09:20 MoD signs ₹19,600 cr contracts with Indian shipyards09:47 Tech Sector H-1B Workers' Spouses Can Work in US10:37 RIL shareholders to meet on May 2 on demerger of financial services business11:22 Reliance Industries acquired 70% equity share capital of Sintex Industries12:09 The Ministry of Defence has signed 10 contracts worth ₹5,498 crore with Bharat Electronics12:22 JSW Steel won bid for two coal mines in Chhattisgarh & Jharkhand12:51 Crisil revises Vedanta's NCD13:44 PhonePe hold its acquisition plans14:06 Nestle eyes $1 billion deal for ‘Ching's Secret'14:50 Hero MotoCorp appoints new CEO15:31 Adani met Pimco, BlackRock for potential private bond placement16:40 Knowledge sectionComplete Fundamental Stock Analysis Tool - Stock-o-meter:https://investyadnya.in/stock-o-meterResearch Based Ready-made Model Portfolios:https://investyadnya.in/model-portfoliosComprehensive Mutual Fund Reviews:https://investyadnya.in/fund-o-meterYadnya Books and eBooks now available:On Amazon - https://amzn.to/2XKtlksOn our website - https://investyadnya.in/booksFind us on Social Media and stay connected:Blog - https://blog.investyadnya.inTelegram - http://t.me/InvestYadnyaFacebook Page - https://www.facebook.com/InvestYadnyaFacebook Group - https://goo.gl/y57QcrTwitter - https://www.twitter.com/InvestYadnyaLinkedIn - https://www.linkedin.com/company/investyadnya/#InvestYadnya #YIALEGAL DISCLAIMER: Use of this information is at the user's own risk. The Company and its directors, associates and employees will not be liable for any loss or liability incurred to the user due to investments made or decisions taken based on the information provided herein. The investment discussed or views expressed herein may not be suitable for all investors. The users should rely on their own research and analysis and should consult their investment advisors to determine the merit, risks and suitability of recommendation. Past performance is not a guarantee for future performance or future results. Information herein is believed to be reliable, although its accuracy and completeness cannot be guaranteed. The images used may be copyright of the company or third party.  As a condition to using the services, the user agrees to the terms of use of the website and the services. DISCLOSURES UNDER SEBI (RESEARCH ANALYST) REGULATIONS, 2014:Yadnya Academy Pvt. Ltd. (InvestYadnya) is registered with SEBI under SEBI (Research Analyst) Regulations, 2014 with registration no. INH000008349.Disclosure with regard to ownership and material conflicts of interest1. Neither Research Analyst nor the entity nor his associates or relatives have any financial interest in the subject Company;2. Neither Research Analyst nor the entity nor its associates or relatives have actual / beneficial ownership of one per cent or more securities of the subject Company, at the end of the month immediately preceding the date of publication of the research report or date of public appearance;3. Neither Research Analyst nor the entity nor its associates or his relatives have any other material conflict of interest at the time of publication of the research report or at the time of public appearance. Disclosure with regard to receipt of Compensation1. The Research Entity and its associates ha

Equity: Muthoot Fin, Salasar Tech, Ugar Sugar Derivatives: Axis Bank 950 CE, JSW Steel 750 CE Index Derivatives: Nifty 18400 CE, Nifty Bank 43500 CE --- Send in a voice message: https://anchor.fm/kunvarji-group1/message

Equity Cash: Hindalco, Aavas Fin and Gujarat Fluoro Stock Derivatives: ICICI Bank 920 CE, JSW Steel 740 CE Index Derivatives: Nifty 18600 CE, Nifty Bank 43100 CE --- Send in a voice message: https://anchor.fm/kunvarji-group1/message

Equities: Vedanta, JSW Steel and Zentec Derivative: Nifty 17700 CALL, Nifty Bank 41200 CALL --- Send in a voice message: https://anchor.fm/kunvarji-group1/message

In this episode, find out about Infosys' collaboration with Bpost, also find out about JSW Steel entering into a pact with SMS Group Business Term of the Day: Know your Customer

Equity: HDFC Bank, Hindalco and Larsen Derivative: Nifty 17500 CE, Nifty Bank 38300 CE, JSW Steel 670 CE --- Send in a voice message: https://anchor.fm/kunvarji-group1/message

Equity: Indian Hotels, Equitas, SBI Life Derivative: Nifty 16900 CE, Nifty Bank 37400 CE, JSW Steel 620 CE --- Send in a voice message: https://anchor.fm/kunvarji-group1/message

The introduction of a 15% export duty on most steel products, up from zero, and an increase in levies on iron ore and pellets to 45-50% propelled a sharp slump in metal stocks on Monday. Shares of Tata Steel, JSW Steel, Jindal Steel, SAIL and NMDC cracked up to 20% in intra-day trade.   Analysts have now turned pessimistic particularly on metal companies as the recent policy moves are set to undermine their operational performance from hereon.   According to Bhavesh Chauhan, Research Analyst, IDBI Capital, hike in export duty negative for the sector and 15% duty hike means lesser realisations from exports. Steel companies' exports range between 10-25% of sales, Chauhan says adding that margins, already under pressure, likely to shrink further. Downgrades will happen, evaluation awaited to see if there is any upside left.   Some brokerages have already initiated rating downgrades on leading steel stocks as the hike in export duties is expected to lead to a sharp correction in domestic steel prices.  CLSA, for instance, has reduced domestic steel price estimates by 8-10%. On the back of lower steel prices, the brokerage has cut the Ebitda estimate for steel companies by up to 24%. It sees no near-term upside catalysts for the sector, other than a stimulus in China. ICICI Securities, meanwhile, has highlighted the policy decision as extremely negative for the steel sector expecting a broad-based multiple de-rating for the industry. It has also lowered its ratings for most metal stocks.  The brokerage has broadly assessed a likely Rs 5,000-7,000/te of impact on EBITDA for integrated steel players, while for unintegrated steel equities like JSW Steel the impact can be Rs 5,000/te. “Due to the measures announced by the government, near-term correction in steel stocks is imminent. We believe the ramification of these decisions by the government will be felt widely across all parts of the industry,” says Motilal Oswal   According to Motilal Oswal, the export duty hikes can impact the valuation of the sector and companies' ability to invest in capacity growth in the long term.  On the contrary, the government has reduced excise duties on petrol and diesel by Rs 8 and Rs 6 per litre, respectively. Following this, Parbhudas Liladhar has cut its FY23 EPS estimates for HPCL and BPCL by 56% and 40%, respectively, as elevated oil prices remain challenging.  According to the brokerage, OMCs ability to reduce high marketing losses will be contingent on crude price correction, as high inflationary pressure will prevent meaningful retail price hikes despite excise duty cuts. [Parbhudas Liladhar]   Technical charts suggest shares of BPCL could see a bounce until their new 52-week low remains unbreached.  The weekly chart of Hindustan Petroleum Corporation, meanwhile, currently signals a bearish trend. The stock price of Indian Oil Corporation is well-placed given its sustenance above the 200-day moving average level.  On Tuesday, logistics player Delhivery's market debut will be closely watched, while in the primary market chemical company, Aether Industries' Rs 808 crores-IPO will open for subscription.  Besides, Adani Ports, Balkrishna Industries, Balrampur Chini, Grasim, Ipca Laboratories and Metropolis Health will be on investors' watch ahead of their Q4 results. That apart, stock-specific action and global cues will dictate the market trend.

Top headlines   ·       Sensex crashes 1,546 pts, Nifty below 17,150 amid US Fed uncertainty ·       Broader markets worst hit, BSE SmallCap index slips over 4% ·       BSE IPO index plunges 7% as Zomato, Nykaa tank up to 20% ·       921 stocks freeze at lower circuit on the BSE ·       Sharda Cropchem hits record high on robust Q3 earnings   Dalal Street witnessed carnage on Monday with benchmark indices falling the most since April last year in intra-day deals. Panic selling amid uncertainty around the likely interest hikes by the US Federal Reserve spooked the markets.   The frontline BSE Sensex crashed nearly 2,000 points intra-day before staging a mild recovery to end 1,546 points, or 2.6%, down at 57,491.   On the NSE, the Nifty50 ended at 17,149, down 468 points or 2.7%, with only two stocks – Cipla and ONGC – managing to end in the green. Earlier in the day, it had slipped below the 17,000 mark, hitting a low of 16,998.   Among large-cap players, JSW Steel and Tata Steel plunged up to 7%, while Bajaj Finance, Grasim, Hindalco, Wipro, Tech Mahindra, Titan, and Reliance shed between 5% and 6% on the bourses.   The broader markets were the worst hit as they underperformed the benchmarks by logging significantly higher losses. The BSE MidCap and SmallCap indices lost 3.8% and 4.4%, respectively. From the latter, Astral, Godrej Properties, Vodafone Idea, Gland Pharma, and Zee Entertainment were among the top losers.   Overall, over 3,000 stocks declined on the BSE, while just 513 stocks managed to end higher. The volatility gauge – India VIX – also surged 20.8% to 22.8, indicating a high level of nervousness among investors ahead of the Union Budget.   Meanwhile, a total of 921 stocks were locked in their respective lower circuits, as against 259 stocks that were in their upper circuits.    Sectorally, all indices ended with sharp losses, led by the Nifty Realty, Metal, IT and Consumer Durable indices, down 6%, 5%, 4% and 3.4%, respectively. Oil & Gas, Financials, Auto and FMCG indices ended 2% lower each.   On the BSE, the IPO index closed 7% lower, as the recently listed stocks were also hammered amid a heavy sell-off in the markets. Zomato, Nykaa, MapmyIndia and Policybazaar ended 19.6%, 13%, and 10% lower, respectively. All these stocks hit their respective all-time lows since their listing on the market.   On the flip side, agrochemical company Sharda Cropchem was a major outlier in today's session, ending 15.5% higher on the BSE after it hit a new all-time high on the back of robust Q3 numbers. The company's net profit more than doubled to Rs 102 crore in the December quarter, while its revenue grew 78% year on year to Rs 879.8 crore, led by strong volume growth.   On Tuesday, auto major Maruti Suzuki, drugmaker Cipla and Torrent Pharma, along with Macrotech Developers and SRF, are likely to be in focus as investors will watch their Q3 earnings.   The Federal Reserve's meetings on Tuesday and Wednesday may also keep the markets on the edge as investors await clues on when and how the central bank might raise interest rates this year.

Indian shares may open in the red on Friday as global peers plunged. The Singapore-based SGX Nifty Futures, an early indicator of Nifty50's performance, indicated a negative start for the domestic market as they fell to 17,680, down 135 points or 0.75 percent, at 7:40 am. Reliance Industries, HDFC Life Insurance Company, SBI Life Insurance Company, JSW Steel, Bandhan Bank, CSB Bank, Gland Pharma, Hindustan Zinc, IDBI Bank, Vodafone Idea will be closely tracked.

The equity markets ended the day in the positive territory for a third session after facing bouts of volatility during the day. After oscillating 408 points, the BSE Sensex index ended at 60,617 level, up 221 points or 0.37 per cent. Its counterpart, the Nifty50 shut shop at 18,056 levels, higher by 52.45 points or 0.29 per cent. Private mortgage lender HDFC was the top contributor towards the Sensex's total gains, followed by RIL, HCL Technology, TCS, Infosys and Tech Mahindra. All these counters were up between 1 per cent and 4.4 per cent. On the downside, Tata Steel, Bajaj Finance, Kotak Bank, ITC, and Dr Reddy's were the top laggards. The broader markets were quiet today with the BSE MidCap and SmallCap indices ending little changed. AU Small Finance Bank, Trent, Gujarat Gas, Emami Paper Mills, and Texmaco Rail were the top gainers from the space. Gabriel India, Omaxe, Poonawalla Fincorp, and Vodafone Idea, meanwhile, were the biggest losers. Sectorally, the Nifty Metal index was the biggest loser of the day, and ended nearly 2% lower after brokerage Jefferies expressed lower optimism on the sector as weak macro and demand concerns in China are seen weighing on metal prices. The brokerage downgraded its ratings on Tata Steel from 'Buy' to 'Hold' and JSW Steel from 'Buy' to 'Underperform'. The two stocks closed 3% lower.  Auto, FMCG, Pharma, consumer durables and telecom, too, broadly ended on a muted note. On the contrary, the Nifty IT index was the top gainer, which ended 1% higher, followed by realty and energy sector stocks. IT majors TCS, Infosys and Wipro are set to announce their Q3 results tomorrow after market hours.  Among individual stocks, debt-ridden telecom player Vodafone Idea was in the limelight today as the stock crashed over 22% after the company said it has opted to convert interest on deferred spectrum and AGR dues into equity. With this, the government will now become the largest shareholder of the company with a 35.6% stake. Today's slide has led the stock to correct 31.5% from its 52-week high level touched on December 10, 2021. Among those listed recently, shares of PB Fintech, the parent company of Policybazaar, hit a new low after it fell nearly 5% on the BSE. In the past one month, the share price has dipped 25% following the expiry of the mandatory lock-in period for anchor investors on December 13, 2021.  On the flip side, the shares of JBM Auto were locked at the 5% upper circuit and hit a new high on the BSE after the company announced the acquisition of 51% stake in group companies JBM Green Energy Systems and JBM EV Industries. In the past two months, the stock of the automotive company has zoomed 123%.  Overall, 1,941 stocks advanced on the BSE while 1,505 declined and 67 ended flat. Among these, 615 stocks hit their respective upper circuits, while just 7 of these hit lower circuits.

Global markets, including India, turned lower on Thursday as persistent inflationary pressures and fears of a faster-than-expected rise in US interest rates weighed on riskier assets. The frontline S&P BSE Sensex shed 621 points, or 1.03 per cent, to close at 59,602 after it fell over 900 points during the day. The broader Nifty50, meanwhile, shut shop at 17,746, lower by 179 points. It had touched a low of 17,655 earlier in the day. The sharp losses came after minutes from the Federal Reserve's key December meeting showed that the central bank discussed reducing its balance sheet to aggressively dial back its pandemic-era easy monetary policy. Auto stocks such as Bajaj Auto, Eicher Motors, and Maruti Suzuki dominated the gainers' list. These were supported by gains in IndusInd Bank, Bharti Airtel, UPL, and Bajaj Finance. All these stocks were up between 1 and 2% On the downside, JSW Steel, Ultratech Cement, Tech Mahindra, RIL and Adani Ports were the top drags, down in the range of 2-3 per cent. Sectorally, IT shares felt the heat for a second day and were the major laggards. The Nifty IT index has fallen 4% in the last two days. Today, it recouped some losses and ended 1.6% lower. December quarter results of IT majors are keenly awaited. Wipro, TCS and Infosys will announce their Q3 results next week. Financial stocks were also the major dampeners that pulled the indices down. The Nifty Bank and Financial index fell 1.7% each in the day with heavyweights HDFC Bank, ICICI Bank falling up to 2% on the BSE. The two indices trimmed losses and closed 0.6% and 0.9% down, respectively. Other significant sectoral losers included Nifty Realty, which closed 1.5% lower. On the flip side, Sugar and Telecom shares were the outperformers in a subdued market. The shares of sugar companies continued their upward movement, with Balrampur Chini Mills, Dwarikesh Sugar Industries and Triveni Engineering & Industries hitting their new respective highs on strong sector outlook. Meanwhile, the BSE Telecom index rose up to 2.4% in the day amid gains in Bharti Airtel and Vodafone Idea. Tata Teleservices, MTNL and GTL Infra were the other gainers in the space and closed nearly 5% higher. Given the strength in the broader market, the overall market breadth favored buyers on the BSE. There were 1,983 advancing stocks on the exchange, as against 1,399 declining stocks. Further, a rally in small-sized companies saw one out of every six traded stocks locked at the upper circuit on the BSE. Nearly 600 stocks hit their respective upper circuits wherein as many as 63 per cent or 382 stocks were from the BSE X and XT group. Lastly, as per a report by Nomura Holdings, the Reserve Bank of India is expected to start raising borrowing costs from April as fresh curbs to tackle a resurgent Covid-19 outbreak could disrupt supply chains and drive consumer prices higher. It sees upside risks to its 5.6% full-year inflation forecast due to possible supply disruptions as states increase pandemic curbs. 

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Top headlines   • Sensex zooms 620 points amid healthy economic data; Nifty holds 17,150 • IndusInd Bank rebounds after an 8-day fall, gains 5% on BSE • Tega Industries' IPO gets 4 times subscription on first day • GST collections hit Rs 1.3 trillion in November • Manufacturing PMI hits 10-month high of 57.6 in October • India defers resumption of commercial flights Indian equities bounced back on Wednesday, in line with global peers, as investors attempted to regain their grounds amid fears around the new Omicron variant of coronavirus. Besides, healthy economic data for GST collections and manufacturing PMI further bolstered sentiment on the Street. Overall, the BSE Sensex index ended today's range-bound session at 57,685, up 620 points or 1 per cent. During the day, the index hit a high of 57,846 and a low of 57,347. On the NSE, the Nifty50 settled at 17,167, up 184 points. IndusInd Bank was the top gainer on the benchmark indices today, rising 6 per cent intra-day. In the past eight trading days, the stock of the private sector lender had declined 15 per cent. According to a media report, the Hindujas are considering increasing their stake in IndusInd Bank after the Reserve Bank of India (RBI) eased ownership rules for the country's private sector banks. JSW Steel, Axis Bank, Adani Ports, Tata Motors, SBI, Tech M, and Reliance Industries were some of the other top gainers on the frontline indices. Among top losers were Cipla, Divis Labs, UltraTech Cement, Dr Reddy's Labs, and Indian Oil Corporation. Meanwhile, in the broader markets, the BSE MidCap ended 1 per cent higher and the BSE SmallCap index gained 0.3 per cent. Individually, the shares of Go Fashion (India) moved higher by 5.6 per cent intra-day, bouncing back nearly 9 per cent from their intra-day low of Rs 1,211 on the National Stock Exchange (NSE), after foreign portfolio investors bought 1 million shares of the company in the open market. The shares of this recently listed company ended 3.8 per cent higher today. All the key sectoral indices, barring the Nifty Pharma index, ended in the positive territory. Moving on to the primary markets. The initial public offering of Tega Industries received an overwhelming investor response as the issue sailed through within an hour of opening. By 4:00 PM, the issue had been subscribed 4 times, with the retail investors' portion seeing a subscription of 7 times. Star Health and Allied Insurance's public offer, meanwhile, has been subscribed 20 per cent so far. That apart, the wealth management arm of Anand Rathi Financial Services, Anand Rathi Wealth, will launch its IPO on Thursday. The price band for the offer has been fixed at Rs 530-550 per share and the company aims to mobilise Rs 660 crore. Here's a look at some of the other key developments of the day: • Asian markets ended higher, with Japan's Nikkei adding 0.4 per cent and South Korea's Kospi gaining 2 per cent. In Europe, the pan-European Stoxx 600 added 0.6 per cent in early trade. S&P500 and Nasdaq Futures are also up over 1 per cent, indicating a firm start for Wall Street. • Aviation regulator DGCA decided to postpone the resumption of scheduled international flights from December 15, citing "evolving global scenario" in the wake of the new Covid variant. It said the government would announce a new date based on the Omicron situation.

Top headlines • Sensex, Nifty slide 3% each as new Covid variant sparks global sell-off • Investors lose Rs 7.45 trillion amid market crash • Pharma stocks soar as investors turn to defensive bets • Dollar index inches towards 97 mark • Dow Jones Futures cracks 900 pts Stocks in Asia suffered their sharpest drop in three months today, and oil tumbled nearly 5 per cent. This was after the detection of a new and possibly vaccine-resistant coronavirus variant sent investors scurrying toward the safety of bonds, the yen and the dollar. MSCI's index of Asia shares outside Japan fell by 2 per cent in its sharpest drop since August, while Japanese, Korean, and Chinese benchmark indices fell by up to 3 per cent. In Europe, the stocks lurched lower with the UK's FTSE100 and Germany's DAX sliding 3 per cent each and France's CAC40 falling 4.6 per cent in early deals. Dow Jones Futures also slumped over 900 points, or 2 per cent, indicating a weak start on Wall Street. Back home, the BSE Sensex ended 1,688 points, or 2.9 per cent, lower at 57,107. During the day, the index hit a high of 58,255 and a low of 56,994. The NSE Nifty, on the other hand, closed at 17,026, down 510 points or 2.9 per cent. The index slipped below the 17,000 mark intra-day and hit a low of 16,986, a first since August this year. The benchmarks witnessed their biggest intra-day fall since April 12, 2021, and also their biggest weekly fall since January 29, 2021. Consequently, the volatility gauge, India VIX, climbed 25 per cent and hit a 6-month high of 21. 26 of the 30 Sensex constituents and 46 of the 50 Nifty constituents closed in the negative territory today.  JSW Steel, Hindalco, BPCL, IndusInd Bank, Tata Motors, Adani ports, Tata Steel and Maruti Suzuki were the top laggards on the benchmarks today, all down by up to 7.7 per cent. Sectorally, healthcare and pharma indices ended around 2 per cent higher each. Export-linked sectors like auto and metals crumbled on the bourses. The Nifty Metals index closed 5 per cent lower and the Auto index shed 4 per cent. Meanwhile, the Nifty Bank index fell 3.6 per cent and the Nifty Realty index slipped 6 per cent. Going ahead, analysts are cautious on equities. They are advising investors to remain in a wait-and-watch mode and not jump in to buy stocks across the board. According to Christopher Wood, who is global head of equity strategy at Jefferies, this renewed Covid outbreak is clearly the biggest risk to GREED & Fear's recommended cyclical trade. For Amnish Aggarwal, research analyst at Prabhudas Lilladher, the period till December-end holds significant risks as the festival season and free movement of people can bring the third Covid wave in India. At present, there are no cases of the new Covid-19 variant in India. Against this backdrop, analysts suggest only investors with high risk appetite to invest in defensive plays like pharma and FMCG stocks at lower levels. On technical charts, 57,200 and 17,100 may act as near-term support for the Sensex and Nifty, respectively. If they are unable to sustain this level, the indices may respectively fall towards 56,300 and 16,400 in a short span.

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The domestic benchmark indices extended the record rally in the sixth consecutive session with Sensex and Nifty ending at fresh record closing high. The market posted a record close in all four sessions this week. The BSE 30-pack index ended at 61,305, up 569 points, after touching a new high of 61,353 in intraday deals. The NSE 50-share index, meanwhile, surged to a new peak of 18,350, before ending 177 points higher at 18,338. Adani Ports, Wipro, Grasim, ITC, and HDFC Bank were among major gainers on the Nifty, while losers were Coal India, Eicher Motors, Tata Motors, HCL Tech, and TCS. On the sectoral front, barring, auto, all other sectoral indices ended in the green, with infra, IT, realty, PSU Bank, power, and metal indices were up a percent each. In the broader markets, the BSE MidCap index closed 0.54 percent higher while the BSE SmallCap index added 0.46 percent. Overall, market breadth firmly favoured the bulls with 1,719 stocks advancing on the BSE compared with 1,637 stocks that declined. The BSE market-cap stood at Rs 272.8 trillion by the close. Coming to stock-specific moves, HDFC Bank was one of the top gainers on the benchmarks, rising to a record high level of Rs 1,690. The stock ended 2.9 percent higher ahead of the Q2 earnings, which are slated to be detailed on Saturday, October 16. Supported by healthy loan growth, stable interest margins, and lower operating expenses, private sector lender HDFC Bank is expected to report mid-teen growth in net profit for the July-September quarter. Shares of ITC too hit a fresh 52-week high of Rs 258 in Thursday's intra-day trade on the back of heavy volumes. Most of the brokerage houses are bullish on ITC as they believe the company's cigarette business will fully recover with the aggressive vaccination drive and reduction in Covid-19 cases. The stock closed 2.85 percent higher. Further, the stocks of Wipro (up 5 percent), Mindtree (up 8 percent) & Infosys (up 0.3 percent) after a better-than-expected second quarter. However, TCS' downward trend continued following a weak set of Q2 earnings. That said, Avenue Supermart gained more than 4 percent ahead of its Q2 earnings on Saturday. IRCTC was the top midcap gainer, with the stock rising 11 percent to close at a record high level of Rs 5,485. On the other hand, Coal India was the top Nifty loser with the stock falling 2.9 percent, as the company has reportedly asked subsidiaries to refrain from conducting e-auction of coal for non-power use. Meanwhile, Tata Group stocks saw profit booking following major gains on Thursday. The stock of Apollo Pipes rose 1.15 percent higher after the company said the board will consider the issue of bonus shares, along with the results for the quarter ended September on October 22. India Cements too gained 8 percent on reports that the companies are expected to hike prices. The Share Market will remain closed on Friday on account of Dussehra. HDFC Bank, Avenue Supermarts, Aarnav Fashions, Artson Engineering, Infomedia Press, Sangam (India), and VR Woodart will release their September 2021 quarter earnings on October 16. Next week, the markets will continue to be driven by the corporate earnings for the quarter ended September 2021. Companies such as UltraTech Cement, HUL, Nestle India, Asian Paints, JSW Steel, HDFC Life Insurance, Tata Consumer Products, and ICICI Bank will detail their Q2FY22 numbers next week. According to Rohit Singre, Senior Technical Analyst at LKP Securities, now immediate supports are coming near 18,250 followed by 18,170 zone and any dip near the mentioned supports zone will be again a  fresh buying opportunity for the overall targets of 18,500 zone and immediate hurdle is coming near the 18,400-18,500 zone. Lastly, global markets, stock-specific moves as well as news related to Covid-19 will be among other major triggers for investors.

The Indian benchmark indices snapped two-day gaining streak to end Wednesday's session nearly 1 per cent lower. The BSE Sensex fell 555 points to close at 59,189 amid weak cues from global markets as well as rising power and gas prices. The Nifty, meanwhile, closed below the 17,650-mark at 17,646, down 176 points. The market breadth too favoured the bears as the advance-decline ratio was at 1:2.   Meanwhile, Hindalco, SBI Life, IndusInd Bank, JSW Steel and Tata Steel were among the major losers on the Nifty. Tata Consumer, ONGC, UPL, Britannia and HDFC Bank were among major gainers. About 1291 shares have advanced, while 1754 shares declined. That said, all sectoral indices ended in the red with capital goods, IT, metal, pharma, auto, realty and PSU Bank indices falling in the 1-3 per cent range. Further, BSE midcap and smallcap indices fell 0.5-1.2 per cent. In this regard, the textile sector was in focus today as the Union Cabinet approved a proposal for setting up seven mega integrated textile parks at a total outlay of Rs 4,445 crore over five years. The government said the scheme will help attract cutting age technology and boost FDI and local investment in the sector. Some textile stocks which gained today include Shiva Texyarn, Jindal Worldwide, Zenith Exports and United Textiles.   Chemical stocks too maintained the gaining momentum with Deepak Nitrite up 8 per cent and Tata Chemicals rising 3 percent. Coming to stock-specific moves, the shares of ONGC extended gains as gas prices continue to rise, up over 2 per cent today. Bosch was the top midcap gainer, rising nearly 12 per cent. The stock hit over two-year high levels on expectation of demand improvement going-forward. Shares of Marico rallied nearly 6 per cent in intraday deals to hit a record high of Rs 590-mark after the company said it has recorded revenue growth in the low twenties with strong double digit volume growth during the September 2021 quarter. The stock erased most gains to end only 1 per cent higher. Tata Consumer, Britannia too bucked the losing trend, and closed higher. That said, index heavyweight Reliance Industries fell 2 percent after hitting record high on Tuesday. September sales and volumes failed to boost sentiment as Tata Steel ended down 3 percent. Going into trade on wednesday, the markets may continue to see some profit-booking amid weak global markets.  Spike in crude prices is spooking the Indian market while inflation is affecting US bond yields. The RBI bi-monthly policy meeting is another key event to watch out for. Vinod Nair, Head Of Research at Geojit Financial Services said RBI commenced its three-day MPC meeting in which the central bank is expected to keep rates unchanged, however, it is likely to announce measures to gradually pump out liquidity from the economy. Lastly, stock-specific moves as well as news related to Covid-19 will be among other major triggers for investors.

As world shares hit the breaks on Thursday amid worries over Delta variant of Covid and caution ahead of a Federal Reserve chair address, benchmark indices on D-Street also witnessed a choppy session. Losses in select index heavyweights like Airtel, Infosys and SBI countered the gains in RIL, ICICI Bank and Axis Bank, after which the BSE Sensex settled 5 points higher at 55,949. Meanwhile, Nifty50 ended F&O expiry unchanged at 16,637, rising 5% in the August series, its best since February 2021. Britannia, Tata Consumer, BPCL and HDFC Life were the top gainers in the 50-pack index while Bharti Airtel, JSW Steel, Maruti and SBI were the worst laggards. Although, thanks to the strength in broader markets, the advance-decline ratio favoured buyers. The BSE Midcap and BSE Smallcap rose for the third straight day, gaining nearly 0.3% each. In the sectoral land space, Nifty FMCG was the best performing sector followed by Realty, Auto and Private Bank. On the other hand, Nifty Metal, Media and PSU Bank witnessed heavy selling pressure, down between 1.27%-0.81%. Stock-specific activity remained high on Street. Shares of Bharti Airtel tanked 4 per cent to Rs 587 as investors booked profit ahead of the board meeting on August 29 wherein the company would mull raising funds. That said, shares of Avenue Supermarts soared to a new high of Rs 3888 in trade today, with its market cap soaring past Rs 2.5 trillion. The company finally closed the day, up 2% at Rs 3865. Privatisation bound BPCL gained over 1% to Rs 467 on the BSE after a media report stated that Billionaire Anil Agarwal's Vedanta group as well as two US funds -- Apollo Global and I Squared Capital - had last year submitted initial bids to buy out the government's entire 52.98 per cent stake in the company. Meanwhile, the newly listed company CarTrade Tech tumbled to its lowest level since listing on the bourses last week. The stock hit a new low of Rs 1425 and settled at Rs 1429, down 3 per cent. That apart, the action is likely to return to the primary market at the start of the new month next week, with Vijaya Diagnostic set to open on September 1. The IPO is priced in the range of Rs 522-531 per share but is entirely an OFS. Lastly, in other news, analysts believe the rally in bitcoin might soon come to an end. The largest cryptocurrency fell as much as 4.4% Thursday to $46,588 and as per analysts chart patterns signal its rally since July is at risk of fading. John Bollinger, inventor of Bollinger bands, in a tweet suggested taking some profits or hedging. Going into trade on Friday, markets are likely to dance to the tunes of global markets while stock-specific action could also keep the investors busy.

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After a volatile ride in early trade, the benchmark indices stabilised, taking their winning run to the second day today amid gains in lenders and index major ITC. While Asian markets were muted, a strong opening for European peers and strength in US futures aided the sentiment on the Street. Zomato, meanwhile, remained the buzzword on Street today amid its market debut. It rewarded its shareholders handsomely as the scrip debuted at a strong premium. After opening at Rs 116 on NSE, a 53 per cent premium to issue price of Rs 76 per share, it ended 65 per cent higher at Rs 125.30. On BSE, it settled at Rs 125.85, a 66 per cent premium. On index level, some profit taking was witnessed in the last hour of trade, which pulled BSE barometer Sensex off the 53,000-mark it reclaimed in intra-day trade. It finally climbed 139 points to 52,976 and Nifty50 rose 32 points to 15,856. For the week, both indices declined nearly 0.4 per cent. ICICI Bank and ITC, top Sensex gainers, added nearly 3 per cent each ahead of their Q1 numbers on Saturday.  Both these firms are expected to post solid numbers for the June quarter. As for ICICI Bank, analysts expect the profit after tax (PAT) to grow anywhere between 59 per cent to 95.5 per cent over the previous year. Meanwhile, net interest income is seen growing upwards of 13 per cent YoY. Analysts, meanwhile, see ITC's profit after tax (PAT) growth between 21-53 per cent YoY while revenue is seen in the range of Rs 22-35 per cent. In quarterly terms, the figures could slide in double-digits. On the other hand, L&T, HUL and RIL were the top losers in Sensex pack. RIL shares ended 0.74 per cent lower ahead of its Q1 results later in the evening. In the sectoral space, Nifty Realty and Nifty Bank were the top gainers, logging over 1% return each. Nifty Auto and Nifty Media were the only losers. The broader markets lagged benchmarks today as Nifty Smallcap declined 0.46 per cent while Nifty Midcap rose 0.17 per cent. In stock-specific action, shares of telecom firms hogged limelight after the Supreme Court dismissed the application of companies that sought recomputation Adjusted Gross Revenue dues demanded by the Department of Telecommunication (DoT). Following this action, Vodafone Idea plunged 9.6 per cent although Airtel ended marginally higher amid hopes of a duopoly market in future. JSW Steel rallied 11 per cent to end at Rs 240.95 in anticipation of a strong Q1 show. The company, post-closing hours, reported a net profit of Rs 5,900 crore for the June 2021 quarter as against a loss of Rs 582 crore in the same period last year. Mahindra Holidays after hitting a new 52-week high of Rs 338.9, settled 5 per cent higher at Rs 324.9 after the company said its board will mull bonus issue next week. Now, going into trade next week, the major focus will be on US Federal Reserve's policy meeting where more discussion about tapering is expected. Further, the earnings action would remain high as big names such as Tata Motors, L&T, Axis Bank, DRL, IndiGo, IndusInd Bank, Maruti, Nestle Industries, Lauras Labs, TVS Motors, Tech Mahindra, BHEL and UPL are slated to post their June quarter numbers. Street would also react to the numbers by Reliance Industries, ITC and ICICI Bank among others in early trade on Monday. Furthermore, some interest in Zomato shares and telecom players could also be seen in the early part of the week. Action in auto names is likely towards the end of the week as auto majors would post their monthly sales over the weekend. A fresh listing is also on the cards next week. The second-most subscribed IPO of 2021 -- Tatva Chintan Pharma Chem would debut on bourses next Friday. Lastly, on the global market front, world stocks markets perked up with European stock trading broadly higher while U.S. futures pointed to a positive open for Wall Street later in the day. But Asian shares, outside Japan, were largely lower. Europe's broad Stoxx 600 index w

Amid a firm global setup, Indian indices look set to open in the green for a second day today. At 7.10 am, SGX Nifty was trading 24 points higher at 15,838. Quarterly earnings by select large-cap names such as Reliance Industries and JSW Steel and listing of Zomato's shares will mostly hog the limelight and result in stock-specific action. In overnight session,  Big tech helped Wall Street inch up to a higher close, modestly building on a two-day rally as lacklustre economic data and mixed corporate earnings prompted a pivot back to growth stocks. Overall, the Dow Jones Industrial Average rose 0.07%, the S&P 500 gained 0.20% and the Nasdaq Composite added 0.36%. In Asia, markets traded on a steady note. Australia's S&P/ASX 200 index was little changed, South Korea's Kospi index added 0.3% but Hong Kong's Hang Seng index dipped 0.6%. US futures remained firm with S&P500 futures up 0.3% and Nasdaq futures 0.4%. In the commodities market, Brent crude prices further gained strength on Thursday and settled a little shy of the $74 mark, up over 2%, on expectations of tighter supplies through 2021. In trade today, prices were mostly unchanged. Meanwhile, in other news, the Reserve Bank of India (RBI) will introduce its own version of Central Bank Digital Currency (CBDC) in a phased manner and after carefully weighing its impact on various issues, deputy governor T Rabi Sankar said on Thursday. Now, a look at the stock-specific triggers that are likely to guide the market today. Forty-one companies, including RIL, JSW Steel, SBI Card, YES Bank and Federal Bank will report their quarterly numbers today. Analysts expect improvement in RIL's energy margins on the back of a pickup in global demand to support the consolidated performance of Reliance Industries in the first quarter. However, the gains are also expected to be offset by the challenges in the retail and petrochemicals businesses, and a flattish show in telecom. Zomato shares will make their market debut today. The IPO that was subscribed nearly 40 times is expected to list at a 30 per cent premium, as per analysts. It issue price stands at Rs 76 per share. Telecom stocks, namely Bharti Airtel, Vodafone Idea and Tata Tele will be in focus today amid reports that the Supreme Court will pronounce its judgment on appeal for correction of errors in Adjusted Gross Revenue (AGR) calculation on July 23.  The pandemic has left deep gashes on the balance sheet of the leading non-life insurer ICICI Lombard General Insurance, with its net income diving 62 per cent YoY to Rs 152 crore for the June quarter. Indiamart Intermesh posted a 19 per cent YoY increase in consolidated net profit at Rs 88 crore for the quarter ended June 30, 2021, as against a net profit of Rs 74 crore in the same period a year ago.

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The bulls made a robust comeback on Dalal Street after three days amid broad-based buying by investors as the global setup remained firm and India Inc reported upbeat quarterly earnings numbers so far in June quarter earnings season. Benchmark indices Sensex and Nifty rose, mainly helped by gains in Infosys, RIL, ICICI Bank and Bajaj Finance. The BSE Sensex closed at 52,837, up 639 points or 1.22 per cent. Its NSE counterpart Nifty50 settled at 15,824, up 192 points or 1.23 per cent. Tech Mahindra, Bajaj Finance, Bharti Airtel and Bajaj Finserv were the top Sensex gainers. On the other hand, HUL, Asian Paints, Bajaj Auto and M&M were the four losers. The action remained robust in broader market as well, with BSE Midcap and BSE Smallcap indices gaining nearly 1.5 per cent each. Amid this, the volatility index ease by 10 per cent to 11.88. The sectoral space was a sea of green on the NSE. Metal stocks outperformed as the index logged 2.99% gains. Nifty Realty, Nifty IT, Nifty Media and Nifty Financial Services also put up a strong show and logged gains of over 1% each. In stock-specific moves, shares of Gland Pharma and Jubilant FoodWorks hit new highs post their June quarter numbers. Gland Pharma's revenue for Q1 rose 31 per cent YoY to Rs 1,154 crore while its net profit jumped 12 per cent to Rs 251 crore. The company after hitting a new high of Rs 4168, settled 9 per cent higher at Rs 4143.6. Similarly, Jubilant FoodWorks posted a strong operating performance in Q1. It posted a profit of Rs 69 crore as against a Rs 74 crore loss. Meanwhile, its Ebitda remained flat at 24.1 versus 24.3 in previous quarter despite lockdown impact. The stock closed 12 per cent higher at Rs 3429.70 after hitting a new high of Rs 3449.90. HUL, however, declined over 2 per cent to end at Rs 2378.65 even as it reported a 10 per cent YoY growth in standalone profit at Rs 2061 crore.   Bajaj Auto's shares also ended in the red, down over 1 per cent at Rs 3852.6 despite posted a two-fold jump in its Q1 PAT at Rs 1,061 crore. The company also announced formation of a wholly-owned subsidiary to venture into electric mobility segment. Going into trade on Friday, investors' focus will be on a possible Zomato listing. According to media reports the company could opt for a listing on Friday from Monday earlier. The stock has regained mojo in the grey market and was last commanding a premium of 35 per cent. Further, all eyes will be on oil-to-telecom behemoth RIL's Q1 earnings. That apart, 40 other firms including YES Bank, Federal Bank, SBI Card and JSW Steel. Globally, stocks returned to near-record highs in Europe as investors bet on the European Central Bank keeping its stimulus taps full open as long as Covid remains a threat to growth. The STOXX index of 600 leading European shares was up 0.6 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan was last up 1.2 per cent. Meanwhile, S&P 500 futures were only slightly firmer, suggesting the U.S. rally's momentum is fading.

After scaling fresh record highs in the week gone by, markets could be in for a volatile ride in the truncated week. Quarterly earnings outcome and management commentary on recovery amid absence of any macroeconomic data will largely decide market momentum. Analysts expect sector-specific movement to continue amid the ongoing results season. Besides, global cues, FII flow trends and updates on the Covid front will also be on investor radar. Equity markets would remain closed on Wednesday for Bakri-Id. On the earnings front, some 200 corporates are poised to post their quarterly numbers. Some of the prominent names are ACC, HCL Technologies, HDFC Life Insurance Company, Asian Paints, Bajaj Finance, ICICI Prudential Life Insurance Company, Bajaj Finserv, Bajaj Auto, Hindustan Unilever, UltraTech Cement, Ambuja Cements, JSW Steel, Reliance Industries, ICICI Bank and ITC. Apart from earnings, FIIs' investment trends would be tracked by investors. After a strong comeback in June, they have again started selling with markets at higher levels. They have pulled out Rs 4,515 crore from the equities segment in the first half of July. Going ahead, FII flows could keep market volatile. Any major pullback in buying could kick off a correction, especially in the large-cap space. There will be no dearth of action in the primary market as IPO by Tatva Chintan Pharma Chem is open till July 20. The issue sailed through on Day 1. And shares of Clean Science and Technology and GR Infraprojects would list on bourses on Monday. Both issues are commanding a strong premium of over 55 per cent in the grey market, signalling a strong listing. Besides, shares of Zomato will also be allotted this week. Lastly, oil price movement amid agreement between Opec+ ministers to boost supply, rupee's trajectory, Bank of England's rate decision and global cues can also sway market moves this week. And now, let's take a look at the trade setup for today. Asian stocks and US futures fell early on concerns about the impact of elevated inflation and Covid-19 outbreaks on economic prospects. Japan's Topix index fell 0.9 per cent, Australia's S&P/ASX 200 index dropped 1.2 per cent and South Korea's Kospi index slid 0.9 per cent. S&P 500 futures slipped 0.3 per cent and Nasdaq 100 futures fell 0.2 per cent. The global rout looks set to extend to India too with SGX Nifty trading 220 points or 1.37 per cent lower at 15,717 around 7.25 am. Now, a look at the stock-specific triggers that are likely to guide the market today. ACC, HCL Technologies, HDFC Life, Indian Bank and Mastek are among 25 firms slated to post their June quarter numbers today. HCL Tech's Q1 performance is likely to be impacted due to supply-side challenges amid the second Covid-19 wave. The net profit could rise in the range of 6-11 per cent year-on-year on a 14 per cent growth in revenue (rupee terms).  The company could give a specific guidance range for FY22 at around 12–13 per cent - moving away from a generic 'double-digit' projection mentioned earlier, according to Edelweiss Securities. HDFC Bank reported a 14.36 per cent growth in its consolidated net profit at Rs 7,922 crore as against Rs 6,927 crore posted in the corresponding quarter a year ago. Although, the June quarter profit declined when compared with the preceding March quarter's Rs 8,434 crore. Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries said it will acquire 40.95 per cent stake in Just Dial for Rs 3,497 crore, bolstering its digital play in the rapidly growing online commerce market in India. Recovery Officer Debt Recovery Tribunal on Friday offloaded shares worth over Rs 716 crore in United Spirits Ltd, through an open market transaction. Shares of telecom service providers Bharti Airtel and Vodafone Idea would hog the limelight in Monday's session as the Supreme Court is scheduled to hear the AGR case later in the day.

The benchmark indices failed to hold gains after hitting all-time highs in early trade amid profit booking in major sectors, barring pharma. BSE Sensex ended its two-day winning run and settled at 53,140, down 19 points. Its NSE counterpart Nifty50 closed the day 0.80 points lower at 15,923. Both Sensex and Nifty had hit record highs of 53,290.81 and 15,962.25, respectively in trade earlier. Nifty, meanwhile, snapped its 2-week losing run and rose 1.5%. HCL Tech, Infosys Bajaj Finserv and ICICI Bank turned out to be the worst losers in the Sensex pack, down between 1-3 per cent. Telecom major Airtel, Ultratech Cement, Tata Steel and PowerGrid emerged to best performers. Strong buying interest was seen in pharma shares ahead of Q1 results that are expected to be strong. Nifty Pharma hence clocked a 1.16% gain, followed by Nifty Realty and Nifty Metal that too added 1% each. IT stocks although witnessed heavy selling especially after a near 5% rally in the last two days. The Nifty IT index declined 1.07% today. Demand for mid-and small-cap stocks remained strong, pushing both the indices to record highs in trade today. The BSE Midcap closed 0.45% higher and BSE Smallcap 0.38%. On the stock-specific front, shares of Angel Broking soared 20 per cent to Rs 1,272.15 on the NSE after its net profit more-than-doubled to Rs 121.4 crore from Rs 47.3 crore posted in the year-ago quarter. Cyient too logged strong gains following its Q1 show. The company posted a 41 per cent YoY rise in consolidated net profit to Rs 115 crore in the June quarter following which the scrip closed 12 per cent higher on the BSE at Rs 1,061.70. Wipro ended flat at Rs 577.65 post its Q1 show although it did hit a fresh high of Rs 589 in the intra-day session. IRCTC jumped 6.97 per cent to Rs 2427 amid expectations of improved outlook. The stock has added nearly 20 per cent so far this month. Primary market remained abuzz as Paytm filed DRHP for Rs 16,600 crore IPO with Sebi. If approved, it could be India's biggest IPO in recent, beating Rs 15,200 crore issue by Coal India. Zomato IPO's subscription gathered pace as the issue received 38 times bids as of 4 pm on Day 3 while Tatva Chintan Pharma Chem, which opened today, already sailed through, with 4 times bids so far. Going into trade next week, market action would be dictated by stock-specific moves amid quarterly earnings by HCL Tech, Asian Paints, Bajaj Finance, Bajaj Auto, HUL, JSW Steel, ICICI Bank, ITC and HUL to name a few. Besides, shares of Clean Science and GR Infraprojects would list on bourses on Monday. With a slew of DRHPs being filed, more companies could hit Street to raise funds via IPO, keeping activity high in the primary market. Globally, shares held gains in European markets although Asian stocks ended largely weak. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.4%, weighed down by a 1.1% drop in China's blue-chip index and a 0.8% fall for Taiwanese shares. Britain's FTSE 100 meanwhile was up 0.4%. US futures advanced, indicating a strong opening for Wall Street.

Equity markets resumed their upward journey after a one-day hiatus on Wednesday, as investors looked past overnight weakness on Wall Street and focused on stock-specific developments.  The S&P BSE Sensex jumped 193.5 points, or 0.37 per cent, to end the volatile session at a new closing peak of 53,055 levels while the NSE's Nifty50 shut shop at 15,880, up 61 points or 0.39 per cent. In the broader markets, the BSE MidCap and SmallCap indices rallied 0.58 per cent and 0.38 per cent, respectively.  Tata Steel, JSW Steel, Bajaj Finserv, Hindalco, UPL, Nestle India, HDFC, IndusInd Bank, and Adani Ports ended as the top gainers on the benchmarks, up between 1 per cent and 5 per cent. On the downside, Titan Company, ONGC, SBI Life, Maruti Suzuki, Shree Cement, and Reliance Industries were the top laggards, down up to 2 per cent. Among these, shares of Tata Steel jumped 5 per cent on the NSE after the company estimated Rs 10,000-12,000 crore per annum capex plan over the next 5 years, excluding potential acquisitions. The company further intends to reduce gross debt by over $2 billion in FY22 as against a $1 billion annual debt reduction target set earlier. On the flipside, shares of Titan Company, the other Tata Group firm, dipped 3 per cent to Rs 1,717.55 on the BSE in intra-day trade, but settled 2 per cent lower, after its quarterly business update of Q1FY22 highlighted that healthy growth trajectory sustained till mid-April 2021 until lockdown disrupted demand.  The company recorded a revenue growth of around 117 per cent year-on-year (YoY) in Q2 with revenue contribution of nearly 50 per cent, 10 per cent and 40 per cent coming from April, May and June months, respectively. The figure was, however, down 60 per cent on a quarter-on-quarter (QoQ) basis. Sectorally, realty and metal indices rose 2 per cent each as unsold real estate inventory declined further in Q2CY21 and as Tata Steel's capex plans gave a sentimental push to peer stocks. Besides, expectations that higher export orders and lower raw material prices may support profitability margins of steel players during the current financial year 2021-22 (FY22) also boosted sentiment. Sobha, Brigade Enterprises, Godrej Properties, and Indiabulls Real Estate from the realty pack and Hindalco, Jindal Steel, JSW Steel, SAIL, Tata Steel, and Nalco from the metal pack advanced between 2 per cent and 6 per cent on the NSE. Meanwhile, all other key sectoral indices gained up to 0.6 per cent each, except the Nifty Auto index, which slipped 0.07 per cent. In the primary market, the three-day initial public offers of GR Infraprojects and Clean Science and Technology sailed through on Day 1. GR Infra's issue was subscribed 2.18 times till 4:30 PM while that of Clean Sciences was subscribed 1.64 times. Global markets US equity-index futures rose along with stocks in Europe as investors awaited minutes from the Federal Reserve's latest meeting for clues on policy makers' thinking on interest rates and stimulus. The Stoxx Europe 600 Index climbed 0.6 per cent, led by gains in commodity sectors. In Asia, stocks fell with Chinese tech firms in Hong Kong retreating after Beijing's cybersecurity probe. Hang Seng declined 0.4 per cent, Japan's Nikkei tumbled 0.96 per cent, and South Korea's Kospi slipped 0.6 per cent.

Markets started the July F&O series with impressive gains on Friday as hefty buying in metals, financials, and pharma sectors lifted indices for the second day. The Nifty PSU Bank index closed 2.7 per cent higher on the National Stock Exchange (NSE) amid renewed privatisation buzz and fund-raising by banks. That apart, the Nifty Metal index zoomed 2.5 per cent after Russian government said it is preparing new export taxes from August 1 for steel products, nickel, aluminium and copper which will cost their producers $2.3 billion. The Nifty Bank, Private Bank, Pharma, IT, and auto indices, meanwhile, rose between 0.5 per cent and 1.6 per cent. Overall, the frontline S&P BSE Sensex index added 226 points, or 0.43 per cent, to settle the session at 52,925 levels while the Nifty50 index shut shop at 15,863-mark, up 73 points or 0.46 per cent. In the broader market, the BSE MidCap and SmallCap indices advanced 1 per cent and 0.4 per cent, respectively. For the week, the benchmarks gained 1.1 per cent each, the MidCap index 1.5 per cent, and the SmallCap index 1.2 per cent. Tata Steel (up nearly 4 per cent), Axis Bank, State Bank of India, ICICI Bank, Hindalco, JSW Steel, Maruti Suzuki, and Coal India made it to the list of outperforming stocks in the large-cap segment today while Vodafone Idea, Apollo Hospitals, SAIL, Ashok Leyland, Allcargo Logistics, Uttam Sugar Mills, and Ajmera Realty marched ahead in the broader market space. Individually, shares of Reliance Industries extended their decline into 4th straight day, falling nearly 7 per cent during the period. The company's Chairman and Managing Director Mukesh Ambani, on Thursday, made a slew of announcements during the company's 44th AGM, post which the stock has been witnessing profit booking. In two days alone, the stock has slipped 5 per cent. Meanwhile, shares of Maruti Suzuki India hit an over four-month high of Rs 7,664, on the back of a 10 per cent rally in five days, after the company announced price hike plan. The stock, which was trading at its highest level since February 17, 2021, gained nearly 2 per cent on the BSE in intra-day trade on Friday. Furthermore, shares of Ashok Leyland zoomed 9 per cent to Rs 129.35 on the BSE in intra-day trade as the company's market share improved 0.8 per cent to 28.9 per cent in the March 2021 quarter (Q4FY21) from 28.1 per cent in December 2020 quarter (Q3FY21). The stock of the commercial vehicles' company was trading close to its 52-week high of Rs 138.85, touched on February 4, 2021. Lastly, shares of Apollo Hospitals Enterprises hit a fresh record high of Rs 3,465, surging 8 per cent on the BSE in intra-day trade on Friday, on the back of heavy volumes. The stock of the healthcare facilities company surpassed its previous high of Rs 3,432.90 touched on June 3, 2021. In the primary market, the three day public offer of India Pesticides Limited was subscribed 29 times till 4:30 PM on the last day of the issue Global markets   Asian shares rose on Friday, tracking gains on Wall Street overnight that lifted the Nasdaq and the S&P 500 indexes to record highs after US President Joe Biden embraced a bipartisan Senate infrastructure deal. Japan's Nikkei closed 0.66 per cent higher while South Korea's Kospi rallied 0.5 per cent and Australia's ASX200 was last up 0.45 per cent. China's Shanghai index, too, surged 1.1 per cent. In Europe, however, shares traded lower as a slide in healthcare-related stocks more than offset a boost from the financial sector. The pan-European STOXX 600 index slipped 0.06 per cent, Germany's DAX declined 0.24 per cent, and France's CAC40 fell 0.2 per cent. As regards Wall Street, Futures of three main US stock indices gained up to 0.25 per cent, suggesting a flat-to-positive start later in the day.

Benchmark indices snapped their three-day winning streak and ended half a per cent lower on Wednesday as profit booking emerged at higher levels. Besides, a cut in India's CY21 growth forecast by Moody's further dampened the sentiment on Street. Moody's Investors Service on Wednesday slashed India's growth projection to 9.6 per cent for calendar year 2021, from its earlier estimate of 13.9 per cent, and said faster vaccination progress will be paramount in restricting economic losses to June quarter. Barring the auto segment, all other sectoral indices settled the session in the red with the Nifty Metal (1 per cent) and IT (0.87 per cent) indices nursing the steepest losses. Overall, the S&P BSE Sensex index closed at 52,306 levels, down 282.6 points while the Nifty50 index ended at 15,687 levels, down 86 points. Maruti Suzuki, Titan Company, Bajaj Finserv, M&M, Ultratech Cement, Hero MotoCorp, and ONGC were the top gainers in the large-cap space while Adani Ports, Wipro, JSW Steel, Divis Labs, Shree Cement, L&T, Kotak Bank, and TCS were the top laggards. In the mid-, and small-cap segment, PNB Housing Finance, Central Bank of India, United Breweries, Adani Enterprises, PNB Gilts, Dhanlaxmi Bank, and Indian Overseas Bank dragged the BSE MidCap and SmallCap indices 0.26 per cent and 0.43 per cent lower, respectively. Individually, shares of United Breweries slipped 6 per cent from its 52-week high of Rs 1,498 touched earlier today, and hit an intra-day low of Rs 1,400, after multiple block deals on the BSE. Around 39.76 million shares, representing nearly 15 per cent of total equity of United Breweries, changed hands on the BSE earlier today, exchange data showed. The names of the buyers and sellers were not ascertained immediately. On the other hand, shares of Hero MotoCorp, the world's largest manufacturer of scooters and motorcycles, advanced 3 per cent at Rs 2,994.55 on the BSE in intra-day trade on Wednesday after the company announced that it would be undertaking price increases of up to Rs 3,000/unit on its product range depending on model to pass on hike in input costs. Lastly, shares of Bharat Electronics (BEL) hit a over three-year high of Rs 170 after they rallied 12.5 per cent on the BSE in intra-day trade on the back of a strong set of numbers for the quarter ended March 2021 (Q4FY21). Besides, the company has recommended a final dividend of Rs 1.20 per equity share for FY21. The stock of the state-owned defence company, which ended 11 per cent higher, hit its highest level since February 2018. In the primary markets, India Pesticides' Rs 800 crore initial public offer sailed through on the very first day of the issue and garnered subscription of 107 per cent till 4:00 PM. Most analysts have a subscribe rating on the IPO as they believe the issue is priced at 25.3 times FY21 earnings, which looks attractive compared to the industry's average multiple of 47 times. Global markets   European stocks hovered below record highs on Wednesday as inflation worries overshadowed data showing a rise in June business activity. The pan-European STOXX 600 was down 0.2 per cent, France's CAC 40 fell 0.56 per cent, and Germany's DAX declined 0.64 per cent. Mood in the Asian market, however, was mixed where Japan's Nikkei closed 0.03 per cent down but South Korea's Kospi and China's Shanghai index gained 0.38 per cent and 0.25 per cent, respectively. As regards the US market, Futures of all three main Wall Street indices were up in the range of 0.06 per cent to 0.13 per cent.

Benchmark equity indices slumped over 1 per cent in Friday's intra-day session but made a sharp V-shaped recovery to end the day little changed. Financials and metals exerted pressure on the bourses, even as gains in Reliance Industries, FMCG, and select private bank stocks tried to limit the losses. The S&P BSE Sensex fell 722 points intra-day but recovered to close 21 points, or 0.04 per cent, higher at 52,344 levels. The broader Nifty50 index, meanwhile, bounced back from the day's low of 15,451 to end at 15,683 levels, down 8 points or 0.05 per cent. The correction was deeper in the broader markets where the BSE MidCap and SmallCap indices closed 0.7 per cent and 0.89 per cent down, respectively. Overall, the market breadth was heavily skewed towards bears with the Advance to Decline ratio standing at 1:2. ONGC, Coal India, Power Grid, JSW Steel, UPL, NTPC, M&M, SBI, and Nestle India were the top laggards among the large-cap stocks while Mahanagar Gas, Ashok Leyland, SAIL, Canara Bank, Max Financial Services, Graphite India, HEG, Hindustan Copper, Affle India, and Wockhardt Pharma cracked in the mid-, and small-cap segments. Sectorally, the Nifty PSU Bank declined nearly 2 per cent while the Nifty Auto, Metal, and Realty indices slipped up to 1 per cent each. On the upside, the Nifty FMCG index ended 0.29 per cent higher. Buzzing stocks   Shares of Vodafone Idea soared 10 per cent on report that the company may raise up to Rs 7,000 crore via QIP route. Reports further suggest the Department of Telecommunication may allow Vodafone Idea to raise funds supported by FDI. Shares of SBI Cards and Payment Services, on the other hand, tanked 6 per cent to Rs 984 on the National Stock Exchange (NSE) in intra-day trade on Friday after around 64 million shares, representing 6.8 per cent of the total equity of the company, changed hands on the NSE and BSE. While the names of the buyers and sellers could not be ascertained immediately, reports said US-based private equity firm Carlyle planned to offload 5.1 per cent stake in SBI Cards and Payment Services. The stock eventually ended 4 per cent lower on the NSE. Shares of Nazara Technologies also tanked 12 per cent to Rs 1,463.75 on the BSE in intra-day trade after foreign brokerage firm CLSA initiated coverage on the stock with a Sell rating and target price of Rs 1,095, citing hefty premium valuation. The stock was trading close to its 52-week low level of Rs 1,412.50 hit on April 12, 2021. Lastly, shares of Adani Ports and Adani Enterprises snapped their four-day losing run as they surged 7 per cent and 9 per cent, respectively. Adani Power, Adani Green, and Adani Transmission, however, hit their 5 per cent lower circuit for the fifth straight day. In the primary market, the initial public offer of Dodla Dairy garnered subscription of over 45 times on the final day while that of KIMS got oversubscribed by nearly 4 times till 4:15 PM. Global markets   Stocks were stranded just below record highs on Friday, with investors left looking for direction after digesting the US Federal Reserve's more hawkish stance. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan was flat after falling for four sessions. Chinese blue-chip shares were also little changed, along with Japan's Nikkei. In Europe, a slide in bank and energy stocks hit shares, with a hawkish policy outlook from the US Federal Reserve also casting a dampener. The pan-European STOXX 600 index was down 0.2 per cent while Germany's DAX index fell 0.3 per cent.

Equity markets consolidated near record high levels on Wednesday as investors awaited the outcome of the US Federal Reserve's monetary policy meeting, due later in the day. Moreover, a rally in crude oil price, which is hovering above $74 per barrel-mark, also had a bearing on the sentiment. The benchmark S&P BSE Sensex traded within a band of 391 points before settling the day at 52,502 levels, down 271 points or 0.5 per cent. On the NSE, the Nifty50 index erased 102 points, or 0.64 per cent, to close at 15,767 levels. In the broader markets, the BSE MidCap index slipped 0.95 per cent while the BSE SmallCap index dipped 0.68 per cent. Market breadth was skewed towards bears as approximately 1,800 scrips declined on the BSE compared with 1,400 scrips that advanced. In the large-cap universe, Adani Ports, Hindalco, JSW Steel, Tata Steel, IndusInd Bank, Power Grid and Reliance Industries were the top laggards while Adani Enterprises, LIC Housing Finance, Adani Transmission, Future Retail, Future Consumer, and Suprajit Engineering were the worst performing stocks in the mid- and small-cap segment. Among individual stocks, shares of Infosys rose over 1 per cent to hit a record high of Rs 1,489 on the BSE in intra-day trade today, surpassing its previous high of Rs 1,480, touched on April 12, 2021. In the past one week, the stock has gained 5 per cent, while it has rallied 13 per cent in one month. That apart, shares of Jubilant FoodWorks rallied 5 per cent to hit a record high of Rs 3,332 on the BSE in intra-day after the company reported over three-fold jump in its consolidated net profit at Rs 105.30 crore for the fourth quarter ended March 2021 (Q4FY21). On the downside, shares of three Adani Group companies - Adani Power (Rs 127.25), Adani Transmission (Rs 1,369.35) and Adani Total Gas (Rs 1,394) – were locked in lower circuit for the third straight day, down 5 per cent each, on the BSE. Besides, Adani Enterprises and Adani Ports tanked up to 8 per cent each in intra-day trade. Moreover, shares of LIC Housing Finance tumbled 5.5 per cent to Rs 493 on the BSE in intra-day trade as investors booked profit after the company reported a good set of numbers for the March quarter (Q4FY21) on the operating and business growth front. However, a steep rise in provisions dented profitability. Lastly, shares of Reliance Industries ended 1.7 per cent lower on the BSE after a Bloomberg report said chairman Mukesh Ambani's plan to conquer the Indian market with a locally assembled Google-powered smartphone is facing headwinds, with supply-chain disruptions and rising component prices suppressing production volumes. Sectorally, the Nifty Metal index skidded 3 per cent on the NSE on a report that China has ordered state firms to curb overseas commodity exposure. A Reuters report also said China may release State reserves for Copper, Aluminum, and Zinc. That apart, the Nifty PSU Bank and Realty indices dropped over 1 per cent each. On the contrary, the Nifty FMCG and IT indices gained 0.5 per cent and 0.25 per cent, respectively. In the primary market, the three day issue of Dodla Dairy sailed through on the very first day and was fully subscribed on Day 1 while that of KIMS garnered 23 per cent subscription till 4:30 PM. Besides, the issues of Shyam Metalics and Sona Comstar, which close today, commanded an oversubscription of 121 times and 2 times, respectively. Global cues   Asian shares were subdued on Wednesday with investors wary of any hint of hawkishness from the US Federal Reserve given lofty asset valuations rely so heavily on an endless supply of super-cheap money. Japan's Nikkei ended 0.5 per cent lower and China's Shanghai Index dipped 1 per cent. South Korea's Kospi and Australia's ASX200, on the other hand, gained 0.6 per cent and 0.01 per cent, respectively. In Europe, gains in financial and industrial stocks lifted indices, with the pan-European STOXX 600 up 0.2 per cent.

Benchmark indices ended a range-bound around flat line on Tuesday, even as broader markets scaled fresh record peaks as stock-specific action dominated the equity markets today. The BSE-barometer of 30 shares settled at 52,275 levels, down 53 points or 0.10 per cent while the Nifty50 shut shop at 15,740-mark, down 11.5 points or 0.07 per cent. Tata Motors, Tech Mahindra, Bharti Airtel, Indian Oil Corporation, HCL Tech, and Infosys were the top gainers on the indices. Hindalco, Tata Steel, JSW Steel, Kotak Bank, HDFC, and SBI, meanwhile, were the top laggards. In the broader market space, the BSE MidCap index hit a record peak for the fifth consecutive day, at 22,822.6 levels, and ended the day at 22,769.5 levels, up 0.36 per cent. The SmallCap counterpart, on the other hand, closed 0.9 per cent higher at 24,827 levels after hitting a new peak of 24,868 earlier today. Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, however, cautions investors against the "excessive rally" in the broader market as any correction in the market is felt more in the mid-, small-cap stocks due to lack of depth in the segment. Individually, Adani Power hit a record high of Rs 152, soaring 20 per cent in intra-day trade, on the back of heavy volumes while Torrent Power and Tata Power gained over 4 per cent each on the BSE. Propelled by these, the S&P BSE Power index hit a 10-year high of 3,008, a level last seen in January 2011. Besides, shares of Piramal Enterprises zoomed 11 per cent to Rs 2,183 on the BSE in intra-day trade, thus surging 17 per cent in two days, after the Mumbai Bench of the National Company Law Tribunal (NCLT) approved Piramal Group's resolution plan for the beleaguered DHFL. The latter's stock was also locked in upper circuit for the second straight day, up 10 per cent at Rs 22.85 on the BSE. Lastly, shares of Laurus Labs hit a new high of Rs 642, up 12 per cent on the BSE. The stock was quoting higher for the eighth straight trading day and has outperformed the market by surging 73 per cent in the past three months after the company's promoters released most of the pledged shares by selling their stake. On the sectoral front, metal and financial stocks remained under pressure with the Nifty Bank, PSU Bank, and Metal indices closing up to 1.4 per cent lower. On the upside, the Nifty IT, FMCG, and Pharma indices gained around 1 per cent each. In the primary market, the growth versus profitability debate in the context of Zomato seems to be already heating up ahead of the company's initial public offering (IPO) planned later this year. According to analysts at Jefferies, while one set of investors are looking at Zomatos' growth metrics even at the cost of medium-term profitability, the other camp is looking for a clear path to profitability going ahead. Potential competition from Amazon, Thrive etc. is also on investors' minds and so is the dynamics between Zomato and Swiggy, they said. Global markets   European stocks hit new highs on Tuesday, lifted by travel and real estate shares, but weak German industrial output data and doubts over the United Kingdom lifting restrictions later this month capped gains. The pan-European STOXX 600 index was flat after notching a record high earlier, while the UK's FTSE 100 gained 0.4 per cent. In Asia, Japan's Nikkei ended 0.3 per cent lower, South Korea's Kospi dipped 0.13 per cent, and China's Shanghai Composite ended 0.5 per cent lower. Meanwhile, futures of Wall Street's three main indices were mixed. Dow Jones Futures were down 0.04 per cent while Nasdaq Futures were up 0.25 per cent.

A volatile session on the bourses culminated near flat line on Tuesday as investors preferred to book profits after seven straight sessions of gains. That apart, a cut in GDP growth forecast by global agency Moody's and a downtick in manufacturing activity kept market participants on the sidelines. Earlier today, Moody's said it expects the damage to the economy from the second wave of Covid-19 and the ensuing lockdowns to be restricted to the April-June 2021 quarter. Taking the slowdown into account, it now expects India's GDP in the fiscal year ending March 2022 to grow at 9.3 per cent and at 7.9 per cent in FY23.   Moreover, data released by IHS Markit showed that domestic factory orders and production slowed to a 10-month low in May as most states restricted businesses amid localised lockdowns. The Manufacturing PMI slipped to 50.8 in May against 55.5 in April, making it one of the steepest falls. Add to it, volumes remained thin as the 75 per cent peak margins norms come into effect from today. Against this backdrop, the benchmark S&P BSE Sensex settled at 51,934 levels, down 2.5 points. The NSE's Nifty50, on the other hand, ended at 15,575 levels, down 8 points or 0.05 per cent. Earlier in the day, the 50-share index hit a fresh record peak of 15,660.75. ONGC, Adani Ports, Bajaj Finance, SBI, Bajaj Auto, HUL, Tech M, and HDFC were the top gainers on the index today, up between 1 per cent and 4 per cent while JSW Steel, Tata Steel, ICICI Bank, Grasim, UltraTech Cement, SBI Life, Hero MotoCorp, and Infosys were the top laggards, down up to 2.3 per cent. Participation in the broader market space also remained muted on Tuesday. The S&P BSE MidCap closed 0.01 per cent higher while the SmallCap index slipped 0.3 per cent. Sectorally, barring the Nifty Media, Pharma, and IT indices, all other indices settled the day in the red. The Nifty Private Bank index was the top loser, down 1 per cent, while the Nifty IT index gained 0.11 per cent. Global markets   European stocks hit fresh record highs on Tuesday, as strong metal and oil prices boosted shares of big commodity companies, while data showed euro zone manufacturing activity expanded at a record pace of 63.1 levels in May. The pan-European STOXX 600 index gained 0.9 per cent in the first trading session of June, with the UK's blue-chip index rising 1.1 per cent. The German DAX jumped 1.3 per cent to a new record high, while France's CAC 40 added 0.7 per cent. That apart, MSCI's index of EM stocks rose 0.7 per cent, while those in Turkey, South Africa and Russia gained between 0.2 per cent and 1.3 per cent. In Asia, Japan's Nikkei slipped 0.2 per cent, South Korea's Kospi gained 0.5 per cent, China's Shanghai Composite added 0.26 per cent, and Australia's ASX200 fell 0.3 per cent. In the commodities market, Brent Crude futures advanced over 2 per cent on Tuesday, nearing $71 per barrel-mark, ahead of the OPEC+ meeting scheduled later in the day. Top developments and buzzing stocks of the day: >> Shares of State Bank of India (SBI) hit a new record high of Rs 435 on the BSE, after they rallied 2.5 per cent in Tuesday's intra-day trade, surpassing its previous high of Rs 433.60 hit on May 28, 2021. The stock of the state-owned lender has outperformed the market in the past one month by surging 21 per cent after it reported another strong quarterly performance in the March quarter (Q4FY21). In comparison, the S&P BSE Sensex was up 6.7 per cent during the period. Amid a sharp rally in the market price of the bank's stock, its market capitalisation is now just 4 per cent away from the momentous Rs 4-trillion mark. >> Shares of Adani Enterprises hit a fresh record high of Rs 1,430 apiece on the BSE after they rallied 8.6 per cent in Tuesday's intra-day session. It surpassed its previous record high of Rs 1,350.5 touched on May 19, 2021. On the back of a 14 per cent rally in the past month, t

Benchmark indices snapped the sideways movement, logged over the past two days, and reclaimed crucial psychological levels last seen on March 10 as market participants continued to look at a sharp rebound in the economic activity once Covid-19 restrictions begin to ease. Besides, a rally in global markets as a host of central bank policymakers pledged to keep monetary policy loose despite recent signs of an uptick in inflation pulled investors towards riskier asset classes. Recently, US Federal Reserve officials had reaffirmed a dovish monetary policy stance, assuaging concerns over rising inflation. Now, the European Central Bank policymakers have said that it may be too early to discuss tapering of emergency bond purchases. In effect, the pan-European STOXX 600 index rose 0.2 per cent in the Euro region while Germany's DAX was up about 0.1 per cent. France's CAC 40 added 0.26 per cent and the UK's FTSE 100 climbed 0.07 per cent. Mainstream indices in Japan, China, and Australia too gained up to 0.3 per cent. Meanwhile, Dow Jones Futures were up over 100 points, or 0.3 per cent, in early pre-market deals. Futures for S&P 500 and Nasdaq Futures also gained around 0.3 per cent each, supported further by a decline in 10-year US Treasury yield at 1.5 per cent.   Against this backdrop, the frontline S&P BSE Sensex soared 436 points in the intra-day deals and hit a high of 51,073 levels propelled by Infosys, HDFC, TCS, Bajaj Finance, Bajaj Finserv, L&T, and Reliance Industries. The index, however, came off highs and settled at 51,017.5 levels, up 380 points or 0.75 per cent. On the NSE, the Nifty50 index clinched the 15,300-mark to end at 15,301, up 93 points or 0.6 per cent. Earlier in the day, it had crossed the record closing peak of 15,313 and hit a high of 15,320. Volatility index, India VIX, however, surged 11 per cent to 21 levels ahead of the expiry of monthly F&O contracts due tomorrow. Overall, Bajaj twins, Infosys, Grasim Industries, UPL, Maruti Suzuki, Wipro, and Indian Oil Corporation were the top gainers on the indices while PowerGrid, JSW Steel, Hindalco, NTPC, Tata Steel, and Coal India were the top laggards. In the broader markets though, the S&P BSE MidCap index slipped 0.14 per cent compared with the S&P BSE SmallCap index, which was up 0.69 per cent. Sectorally, the Nifty Metal index declined 2 per cent after Credit Suisse cut outlook on the sector from 'Overweight' to 'Underweight'. The brokerage said it has booked profits on metals, reversing positions added in December-20 and earlier, as P/B relative to market is near a 10-year high. The valuation can go higher and stay elevated in a super-cycle, but it believes the current surge in apparent demand is due to an extreme inventory cycle and not a structural increase. That apart, the Nifty PSU Bank index nursed losses up to 0.3 per cent. On the upside, the Nifty Realty added 3 per cent and the Nifty IT index 2 per cent. Buzzing stocks >> Shares of consumer discretionary companies were in focus at the bourses on Wednesday, with the S&P BSE Consumer Discretionary Goods & Services hitting a new high after a strong rally in smallcap stocks like Mahindra Holidays & Resorts, Lux Industries, Dish TV India, Shalimar Paints and Borosil, which rallied more than 10 per cent on the BSE in intra-day trade. The S&P BSE Consumer Discretionary Goods & Services index was up 1 per cent at 4,895 on the BSE in intra-day today, surpassing its previous high of 4,856.98, touched on February 16, 2021. The stocks from sectors like movies & entertainment, hosiery, hotels and restaurants, auto ancillaries, paints and real estate saw a sharp run-up today amid reports the government may look at providing support at an appropriate time to segments requiring fiscal help. >> That apart, shares of energy solutions firm Thermax rallied 8 per cent to Rs 1,526.95 on the BSE, in the intra-day trade, after the company reported strong earni

A range-bound trade ended flat on Tuesday as indecision weighed on investors' minds. Tracking solid global cues, the domestic equity indices opened gap-up with the frontline S&P BSE Sensex and NSE's Nifty50 indices extending their gains to surge as high as 50,961 and 15,294 levels, respectively in the intra-day deals. However, profit-booking at higher levels and selling in financial counters put a lid on gains. That said, expectations that the government is preparing a stimulus package for sectors worst affected by the deadly coronavirus wave, aiming to support an economy struggling with a slew of localized lockdowns, supported indices. According to a Bloomberg report, the finance ministry is working on proposals to bolster the tourism, aviation and hospitality industries, along with small and medium-sized companies. The discussions are at an early stage and no timeline for an announcement has been decided. Given this, the BSE barometer of 30 shares gyrated within a band of 487 points and eventually settled 14 points lower from previous day's closing at 50,637.5 levels. On the NSE, the Nifty50 defended the psychological level of 15,200 and shut shop at 15,208, up 11 points. Up to 2 per cent decline in heavyweights such as HDFC Bank, Reliance Industries, Axis Bank, Kotak Bank, HDFC, ITC, and IndusInd Bank largely dragged the indices lower. Meanwhile, Infosys, Asian Paints, TCS, Titan Company, and ICICI Bank, which gained between 0.4 per cent and 3.5 per cent, supported the indices. Overall, JSW Steel, Asian Paints, Titan, Eicher Motors, Britannia, and Bajaj Finserv were the top gainers on the benchmark indices while HDFC Bank, HDFC Life, Axis Bank, IndusInd Bank, Coal India, and Reliance Industries were the top laggards. In the broader markets, the S&P BSE MidCap index slipped 0.3 per cent as against the S&P BSE SmallCap index that rose 0.3 per cent. From a sectoral view point, all financial indices -- the Nifty Bank, Private Bank, PSU Bank, and Financial Services indices -- slipped between 0.9 per cent and 1.4 per cent. On the upside, the Nifty Media index zoomed 3 per cent, followed by the Nifty IT index (up 1 per cent) and the Metal index (0.6 per cent). Global indices   European stocks advanced on Tuesday as easing inflation fears lifted global market sentiment. The pan-European STOXX 600 index rose 0.3 per cent to an all-time high of 446.5 points after it surpassed its early-May peak of 446.19. Germany’s DAX also gained 0.8 per cent and hit a fresh peak. Meanwhile in Asia, Japan's Nikkei added 0.7 per cent, South Korea's Kospi gained 0.9 per cent, and China's Shanghai Composite zoomed over 2 per cent. A look at some of the top developments and buzzing stocks of the day: >> Shares of Barbeque Nation Hospitality hit 20 per cent upper circuit at Rs 767.50 on the BSE today after the company's consolidated Ebitda more-than-doubled at Rs 56.1 crore in the March quarter. The company's consolidated revenues grew 18.5 per cent year on year (YoY), while same store sales grew 20 per cent. >> Shares of Amara Raja Batteries declined 6.5 per cent to Rs 732 on the National Stock Exchange in the intra-day trade after 39.12 million equity shares of the battery maker changed hands on the counter. According to a media report, Clarios was to sell 17.1 million shares for an aggregate of $174 million today. The floor price for the same had been fixed at Rs 746 per share. >> Asian Paints and Berger Paints India surged over 2 per cent on the BSE and hit fresh record peaks of Rs 2,922 and Rs 827, respectively on expectation that strong volume growth would sustain along with potential demand shift from unorganised segment. In the past one month, these stocks have outperformed the market by surging 15 per cent each, as compared to 6 per cent gain in the S&P BSE Sensex. >> On the earnings front, a report by Motilal Oswal Financial Services suggests that Nifty FY22 earnings may largely rem

The benchmark indices ended a two-month-long consolidation phase as they gained over 3% last week. This week, the market is likely to be guided by updates on the Covid-19, March quarter earnings as well as global trends, say analysts. Volatility is expected to remain high due to the scheduled derivatives expiry of May month contracts. The quarterly earnings season will come to a close this week, with 390 companies slated to post their quarterly scoreboard. Some of the top names on the list include Grasim, Eicher Motors, Mahindra & Mahindra, BPCL, Sun Pharma and Divis Laboratories. Covid-19, meanwhile, will remain the biggest driving factor for the equity market this week. The stock market bulls, last week, were enthused by the signs of coronavirus cases peaking out in the country. But what remains to be seen is if the trend continues as the pace of the vaccination drive remains an overhang. India for the second consecutive day on Monday reported cases below the 2.5 lakh mark with 2.22 lakh cases. On Sunday, the fresh caseload stood at 2.4 lakh. Amid a drop in cases, a few states have hinted at the possibility of easing lockdown from next month onwards. The pace of vaccination although is worrying amid shortages of jabs even as a third vaccine -- Sputnik V -- has been added to the inoculation list. Amid a crunch, a few states have suspended vaccination drive for citizens aged 18-45. That apart, buying and selling by institutional buyers may also sway market moves. Overseas investors withdrew Rs 4,444 crore from Indian markets in May so far amid concerns over the second wave of the coronavirus pandemic and its possible impact on the Indian economy. Although DIIs have pumped in Rs 2,209.72 this month. Lastly, oil price movement, rupee's trajectory and global market cues will further guide market mood. And now, let's take a look at the trade setup for today. Asian shares got off to a cautious start on Monday as investors anxiously awaited a key read on US inflation this week for guidance on monetary policy. MSCI's broadest index of Asia-Pacific shares outside Japan was barely changed in slow trade. Japan's Nikkei added 0.1% while South Korea's Kospi shed 0.18% and Hong Kong's Hang Seng 0.22%. Tracking a cautious global market setup, SGX Nifty was down 53 points at 15,172 around 7.30 am. A look at the stock-specific triggers that are likely to guide the market today. Grasim Industries, India Cements, JK Paper, Mahanagar Gas and Barbeque-Nation Hospitality are among 33 companies slated to post their quarterly numbers today. JSW Steel on Friday posted a manifold jump in its consolidated net profit to Rs 4,191 crore for the quarter ended March 31, mainly on account of higher income. Hero MotoCorp on Saturday said it will resume production at all its manufacturing plants in India from coming Monday after temporarily shutting operations due to the coronavirus pandemic. Punjab & Sind Bank reported a net profit of Rs 160.79 crore in the last quarter of the fiscal ended March 2021. The state-run lender had posted a net loss of Rs 236.30 crore in the same quarter of the preceding fiscal year. Leading commodity bourse MCX posted a 41.31 per cent YoY drop in its consolidated net profit at Rs 38.44 crore during the fourth quarter of 2020-21 fiscal on poor income.

In this episode, find out why Bharat Biotech is looking to apply for an emergency use listing tag for its covid vaccine, why Bitcoins had a volatile weekend Business Term of the Day: Revenue

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market: The world’s seven largest advanced economies have agreed to stop international financing of coal projects that emit carbon by the end of this year, and phase out such support for all fossil fuels, to meet globally agreed climate change targets. Oil and gas explorer Neptune Energy Group is working with financial adviser Rothschild & Co. to explore potential options including an initial public offering, according to sources. India's largest steel producer, JSW Steel, is considering a bid to buy Liberty Steel in Britain as well as mills elsewhere, two sources said, as would-be buyers circle Sanjeev Gupta's global commodities empire. Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Domestic equity indices clocked their best-weekly gains since Budget week as bulls charged ahead on the last day of the week amid multiple triggers. Sentiment on the Street turned bullish on reports Centre is working on another round of stimulus with focus on cheaper loans to MSMEs, employment generation across rural and urban areas, and reduction in cost of capital. Add to it, healthy quarterly results from India's largest public sector bank, State Bank of India, further bolstered sentiment. The lender's net profit zoomed over 80 per cent to Rs 6,451 crore in Q4FY21 as it set aside lower provisions and expected asset quality to improve going forward. Supported by a rally in other financial stocks, coupled with favourable global cues, the BSE barometer of 30-shares ended at 50,540 levels, up 976 points or 1.9 per cent. On NSE, the Nifty50 index advanced 269 points to settle above the crucial level of 15,150-level at 15,175. With today's astounding rally, the Nifty index is up 3.4 per cent this week while the Sensex has gained 4 per cent. SBI was the second best gainer on the Sensex today, up 4 per cent, while IndusInd Bank, HDFC Bank, ICICI Bank, Axis Bank, HDFC, and Kotak Mahindra Bank were the other top gainers, up between 3 per cent and 4.5 per cent. All these stocks contributed nearly 680 points towards the Sensex's total gains today. On the downside, Dr Reddy's Labs and Power Grid on the Sensex, and Eicher Motors, Indian Oil Corporation, Grasim, and SBI Life on the Nifty were the only laggards on the indices, down up to 0.3 per cent. During the week, IndusInd Bank surged 14 per cent, SBI (11 per cent), M&M (10.5 per cent), HDFC Bank (8 per cent), and ICICI Bank (7.5 per cent). Meanwhile, Bharti Airtel remained the biggest loser of the week, down 5 per cent, followed by Britannia, Tata Steel, ITC, and JSW Steel, down up to 2 per cent. Financial indices -- Nifty Bank, Private Bank, PSU Bank, and Financial Services -- outperformed on the NSE today, up between 3-3.5 per cent. With today's gains, all the banking indices are up over 7 per cent for the week. Meanwhile, all other sectoral indices settled up to 1 per cent higher. In the broader markets, the S&P BSE MidCap and SmallCap indices hit their respective record highs today. While the MidCap index touched 21,541-mark, the SmallCap index scaled 21,219 in the intra-day deals. Both these indices ended 0.8 per cent and 0.65 per cent higher, respectively. Individually, Adani Transmission today surpassed the other group company Adani Ports to become the second most valuable among the Gautam Adani-led Group companies after its shares got locked in the 5 per cent upper circuit band. With Rs 1.6 trillion market capitalisation, Adani Transmission has replaced Adani Port & SEZ, which has an m-cap of Rs 1.57 trillion. Adani Green Energy remains the most valuable Adani Group company with market-cap of Rs 2.01 trillion. >> Shares of Hindustan Petroleum Corporation (HPCL) rallied 8 per cent and hit a 52-week high of Rs 288.15 on the BSE in intra-day trade on Friday after reporting many-fold jump in its March quarter net profit to Rs 3,018 crore on the back of inventory gains and rise in refining margins. The state-owned oil marketing company had a net profit of Rs 27 crore in Q4FY20. >> On the flipside, shares of sugar manufacturers traded weak on Friday after the government slashed subsidy on sugar exports from Rs 6,000 per tonne to Rs 4,000 per tonne with immediate effect in view of firm global prices. Dalmia Bharat Sugar and Industries, Bajaj Hindustan Sugar, Dhampur Sugar Mills, Dwarikesh Sugar Industries, Balrampur Chini Mills, Uttam Sugar Mills and Avadh Sugar Mills were down 3 per cent to 5 per cent on the BSE. Praj Industries, engaged in the business of process and project engineering, dipped 8 per cent to Rs 350 in intra-day trade today. Global markets   European stocks held steady on Friday as Swiss luxury goods maker Ric

After two days of selling pressure, market bulls look set to return to Dalal Street tracking strong cues from global peers while a dip in daily Covid cases is likely to continue to support market sentiment. Quarterly earnings, stock-specific news triggers and crude price movement could further sway market mood. At 7.25 am, SGX Nifty was ruling 127 points higher at 15,065, indicating a gap-up start for the benchmark indices. India's daily count of Covid cases stayed below the 3 lakh mark for the fifth day in a row as the country reported 2.6 lakh cases in the last 24 hours. Meanwhile, on the global front, Wall Street's main indices rebounded on Thursday after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims since the start of a pandemic-driven recession lifted the mood. The Dow Jones Industrial Average rose 0.55%, the S&P 500 gained 1.06% and the Nasdaq Composite added 1.77%. Most Asian stocks and US futures climbed following a firm finish for Wall Street. Japan’s Topix index increased 0.5%, Australia’s S&P/ASX 200 index was little changed, South Korea’s Kospi index advanced 0.6%. S&P 500 futures were up 0.2%. Now, a look at the stock-specific triggers that are likely to guide the market today SBI, Hindalco, Shree Cement, JSW Steel, Aarti Surfactants, Crompton Greaves Consumer Electricals and United Spirits are among 49 companies scheduled to post quarterly numbers today. A healthy net interest income growth, coupled with strong recoveries and fewer provisions and aided by low base of the previous year, may help State Bank of India (SBI) to report robust March quarter (Q4FY21) numbers, analysts say. Sugar stocks are likely to be in focus today after the Centre on Thursday slashed subsidy on sugar exports from Rs 6,000 per tonne to Rs 4,000 per tonne with immediate effect in view of firm global prices. Zee Entertainment Enterprises reported a consolidated profit at Rs 275.8 crore for the March 2021 quarter, driven by strong operating performance. The company had a loss of Rs 766.7 crore in the same quarter last year. Hindustan Petroleum’s fourth-quarter profit rose to Rs 3,018 crore from Rs 27 crore a year earlier on big inventory gains. The gross refining margin for the quarter was $ 8.11 per barrel compared to minus $1.23 per barrel in the same quarter last year. The committee of creditors (CoC) on Thursday rejected the resolution plan submitted by government-owned NBCC (India) for Jaypee Infratech (JIL) and has decided to send Suraksha Asset Reconstruction Company’s (ARC's) plan for voting from Monday.

Benchmark indices turned sharply lower during the fag-end of the session, after staying flat for the better part of the day, as US stock futures indicated a weak session on Wall Street later today. Dalal Street investors took cues from Dow Jones Futures, which tumbled 160 points in early pre-market deals, and booked profit largely in metal, financials, and FMCG counters. S&P 500 and Nasdaq Futures also slipped 20 points and 60 points, respectively, suggesting a third straight session of declines in the US. That apart, weekly expiry of the F&O contracts added to the volatility. By close, the BSE barometer of 30-shares was down 338 points, or 0.68 per cent, at 49,565 levels while the Nifty50 index quoted at 14,906 levels, down 124 points or 0.83 per cent. In the intra-day trade, the indices hit a low of 49,497 and 14,885, respectively. Heavyweights HDFC Bank, ICICI Bank, Reliance Industries, Axis Bank, Kotak Mahindra Bank, TCS, and HDFC contributed the most towards the indices' losses as they declined between 0.5 per cent and 1.5 pe cent. Individually, Tata Steel, Hindalco, Coal India, Britannia, ONGC, IOC, Sun Pharma, Power Grid, UPL, and Tata Motors were the top laggards at the bourses in the large-cap space while M&M, Cipla, BPCL, IndusInd Bank, Titan, L&T, and SBI remained top gainers. Sectorally, metal stocks came under pressure today after China said it will strengthen its management of commodity supply and demand to curb any "unreasonable" increases in prices. Prices for commodities such as coal, steel, iron ore and copper – of which China is the world's biggest user – have surged this year, fuelled by post-lockdown recoveries in demand and easing liquidity globally. In effect, the Nifty Metal index tanked over 3 per cent with Tata Steel, Steel Authority of India (SAIL), and Jindal Steel and Power (JSPL) sliding 5 per cent each, while Coal India, National Aluminium Company, NMDC, Vedanta, and JSW Steel declining between 2 per cent and 4 per cent in the intra-day trade. However, analysts suggest using these corrections as an opportunity to enter the stocks as fundamentals remain positive. That apart, the Nifty Bank, Financial Services, Private Bank, and FMCG indices slipped nearly 1 per cent each. On the upside, the Nifty Realty index remained gainer for the second straight day and ended 1 per cent higher on the NSE. Cheap valuations, however, drew investors towards smallcaps. The S&P BSE SmallCap index hit a record high of 23,093 levels in the intra-day trade today but closed at 22,980.5 levels, up 0.22 per cent. Among individual stocks, Automotive Axles, Gayatri Projects, Shakti Pumps, Pokarna, TV Today, TCI Express, Just Dial, H.G. Infra Engineering, Shivam Auto and Emami Realty rallied between 10 per cent and 20 per cent in the intra-day session today. The S&P BSE MidCap index, meanwhile, ended 0.12 per cent lower today. Among individual stocks in the broader market space, fertiliser stocks gained ground at the bourses on Thursday after the Centre increased its share of subsidy for di-ammonia phosphate (DAP) by 140 per cent from Rs 500 to Rs 1,200 per bag. Chambal Fertilisers & Chemicals, Rashtriya Chemicals & Fertilizers (RCF), Deepak Fertilisers, Coromandel International, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) and Gujarat State Fertilizers & Chemicals (GSFC) gained in the range of 3 per cent to 9 per cent on the BSE in the intra-day trade today. That apart, shares of Tata Coffee rose 4 per cent and hit an all-time high of Rs 185.80 on the BSE. The stock of the Tata Group Company surpassed its previous high of Rs 183.45, touched on November 29, 2017. In the past one month, Tata Coffee has outperformed the market by zooming 60 per cent, as compared to 4.5 per cent rise in the S&P BSE Sensex. Shares of JK Tyre and Industries on Thursday jumped over 6 per cent after the company reported a consolidated net profit of Rs 194.96 crore for the March quarter of the previous

After clocking a one-way rally over the past two days, domestic indices took a breather on Wednesday to digest news flow around record Covid-19 fatalities in the country along with global inflation fears. India's daily virus cases rose marginally on Wednesday with over 267,000 fresh cases. With this, the new infection count has remained below the 300,000-mark for the third consecutive day.  However, the country reported a national record of 4,529 new deaths which, analysts say, remains a cause of concern. The country has been reporting over 4,000 deaths per day for over a week now. Globally, stocks dipped and cryptocurrencies extended losses as uncertainties over inflation prompted investors to reduce exposure to riskier assets for now. Investors concerned about rising inflation will be keeping a close eye on the Federal Open Market Committee as it publishes the minutes from its April meeting later today. In Europe, the pan-European STOXX 600 index fell 1.1 per cent in early deals while in Asia, Japan's Nikkei erased 1.3 per cent, China's CSI300 slipped 0.3 per cent, and Australia's S&P/ASX 200 index tumbled 2 per cent. With these dual concerns in mind, domestic investors booked profit, majorly in large-caps, on Dalal Street. After a gap-down start, the BSE barometer of 30-shares managed to eke out slim gains in the intra-day deals but tumbled nearly 450 points from the day's high to hit a low of 49,831. The index settled the day at 49,903 levels, down 291 points or 0.58 per cent. On the NSE, the Nifty50 index defended the crucial 15,000-mark and closed at 15,030 levels, down 78 points or 0.52 per cent. Earlier today, it hit a low of 15,008. Coal India, Cipla, Sun Pharma, UPL, Nestle India, Indian Oil Corporation, Tech M, Axis Bank, and SBI Life were the top gainers of the day, up between 1 per cent and 4 per cent, while Tata Motors, HDFC, M&M, JSW Steel, Bajaj Finserv, Bharti Airtel, and Kotak Bank were the top laggards, down up to 5 per cent. In the broader market space, the S&P BSE MidCap and SmallCap indices ended 0.53 per cent and 0.35 per cent higher, respectively. Sectorally, the trend was largely mixed. The Nifty Financial Services index declined 1 per cent, followed by 0.9 per cent loss each in the Nifty Private Bank and Metal indices. On the upside, the Nifty Realty index zoomed over 2 per cent while the Nifty Pharma index added 1 per cent. Buzzing stocks   Shares of Tata Motors dipped 6 per cent to Rs 312 on the BSE in the intra-day trade on Wednesday on account of profit booking even as the firm reported a strong operational performance for the quarter ended March 2021, led by its UK subsidiary JLR and its India business. It also narrowed consolidated loss, which was mainly on account of exceptional items. The stock eventually ended 5 per cent lower on the BSE. Those of Ujjivan Small Finance Bank tumbled 8.1 per cent to hit an intra-day low of Rs 28 apiece on the BSE after the lender's asset quality worsensed in the March quarter. The stock, however, erased losses partially and closed 3 per cent lower on the BSE. Gross non-performing asset (GNPA) ratio rose from 0.97 per cent last year and 0.96 per cent (4.8 per cent as per pro-forma) in Q3FY21 to 7.1 per cent in the quarter ended March 2021. Net NPA ratio also rose to 3 per cent from 0.2 per cent last year and 0.05 per cent in Q3FY21. Shares of Birla Corporation, on the other hand, traded higher for the eighth straight day and hit a record high of Rs 1,375 after it rallied 14 per cent on the BSE in Wednesday's intra-day trade on strong set of numbers for Q4FY21. The share surpassed its previous high of Rs 1,290, hit on January 8, 2018. Gland Pharma shares also hit a new high of Rs 3,512, up 14.6 per cent on the BSE, in the intra-day trade on Wednesday. In the last two days, the scrip has surged over 17 per cent after the company reported a healthy 34 per cent year-on-year rise in its consolidated net profit i

Fanning inflation across the globe stoked fears in the investor community on Wednesday, keeping indices in the red for the second straight day. MSCI's broadest index of Asia-Pacific shares outside Japan slumped 0.9 per cent while Japan's Nikkei shedded 1.9 per cent and Taiwan's index lost over 4 per cent. On Wall Street, E-mini futures for the S&P 500 stumbled 0.2 per cent while futures for the tech-heavy Nasdaq were down 0.5 per cent. Data from China on Tuesday showed that consumer price inflation hit a seven-month high in April, and factory gate prices rose at the fastest rate in three and a half years. Meanwhile, in Germany, wholesale price inflation hit a decade high. Now, ahead of retail inflation data from the US and India, slated to be released later in the day, domestic benchmark indices fell about a per cent. Coupled with positions' unwinding due to weekly F&O expiry, the BSE barometer of 30-shares dropped 471 points to close at 48,691 levels. In the intra-day trade, the index hit a low of 48,551 levels. On the NSE, the Nifty50 declined 154 points and gave up 14,700-mark to settle at 14,696 levels. Earlier in the day, the index had touched a low of 14,650. Tata Motors, PowerGrid, Titan Company, Maruti Suzuki, UPL, Cipla, State Bank of India, and NTPC were the top gainers on the 50-share index today, up between 1 per cent and 3 per cent. On the flipside, Tata Steel, JSW Steel, IndusInd Bank, Hindalco, HUL, SBI Life, and Grasim nursed losses up to 4 per cent. The broader markets, too, succumbed to profit booking with the BSE MidCap and SmallCap indices falling 0.9 per cent and 0.6 per cent, respectively. Among key sectoral indices, the Nifty metal index tumbled over 3 per cent, followed by the Nifty Private Bank index, down 1.6 per cent. On the upside, the Nifty PSU Bank index zoomed 3.3 per cent on possible short covering. Individually, Punjab and Sind Bank, Central Bank of India, UCO Bank, PNB, Union Bank of India, Bank of India and Bank of Baroda soared in the range of 4 per cent to 10 per cent. According to an Edelweiss Research report, the index has added 20 per cent open interest in the last four trading days, highest in the last 5 months, with stocks like PNB and Canara Bank witnessing highest trading as well as delivery volume this week.   Buzzing stocks   Shares of Godrej Consumer Products soared 25 per cent to Rs 895 in the intra-day trade on Wednesday after the fast moving consumer goods (FMCG) major announced that Sudhir Sitapati will take over as its managing director (MD) and CEO in October 2021. Sitapati—who spent over two decades at Hindustan Unilever—is stepping down from the role of executive director of the company's foods and refreshment (F&R) business. Shares of Venky’s (India), meanwhile, hit a 52-week high of Rs 2,143 after rallying 20 per cent on the BSE in the intra-day trade on Wednesday after the company reported a standalone net profit of Rs 77.90 crore for the quarter ended March 2021. It had posted a net loss of Rs 96.73 crore in the year-ago quarter. On a sequential basis, however, the net profit was down 27 per cent from Rs 106.50 crore as the company witnessed some negative impact due to outbreak of bird flu. That apart, Siemens shares surged 10 per cent, hitting a new high of Rs 2,143.20, on the BSE in intra-day trade after the company reported a strong set of numbers for the quarter ended March 2021 with healthy order book position. The stock surpassed its previous high of Rs 2,055, hit on February 24, 2021. On the earnings front, Asian Paints today reported an 81 per cent YoY jump in net profit at Rs 870 crore for the March quarter as against Rs 480 crore reported in the previous year. It's revenue increased 43.5 per cent YoY to Rs 6,651.4 crore and margins recorded expansion of 130 basis points. Voltas, meanwhile, clocked a 50 per cent YoY growth in net profit at Rs 239 crore in Q4FY21 along with a 27 per cent YoY improve

Markets remained in a firm bear grip on Tuesday as Dalal Street investors participated in-line with global peers. Asian stocks tumbled as investors feared that soaring commodity prices that have sent the cost of raw materials from copper to iron ore and lumber to record heights are the latest indicator that inflation may not be as transitory as some policymakers seem convinced. Consequently, MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.6 per cent in afternoon trade, its largest drop since late March while Japan's Nikkei slid 3.16 per cent. The Hang Seng tech index, meanwhile, fell 3 per cent. In Europe, the pan-European STOXX 600 index fell 1.9 per cent while the main bourses in Frankfurt, Paris and London all lost close to 2 per cent. Furthermore, Dow e-mini futures were down 0.49 per cent, S&P 500 e-minis were down 0.75 per cent, and Nasdaq 100 e-minis were down 1.27 per cent, all indicating at another weak session on Wall Street later today. That apart, on the coronavirus front, the World Health Organization said the coronavirus variant first identified in India last year was being classified as a variant of global concern, with some preliminary studies showing that it spreads more easily. Against this backdrop, the frontline S&P BSE Sensex shedded 341 points, or 0.69 per cent, to end the session at 49,162 levels. During the day, the index traded within a range of 49,304 and 48,988 levels. Kotak Mahindra Bank (down 3 per cent) was the biggest index loser today, trailed by HDFC, Tech Mahindra, HUL, Bajaj Finserv, Titan Company, and Bajaj Finance. On the contrary, NTPC, ONGC, PowerGrid, Sun Pharma, UltraTech Cement, and SBI were the top gainers, up between 1 per cent and 5 per cent. On the NSE, the Nifty50 index held the 14,850-mark today and settled at 14,851 levels, down 92 points or 0.61 per cent. The index breadth remained neck and neck with 28 stocks in the red against 22 stocks in the green. JSW Steel, Hindalco, Wipro, and Divis Labs were the additional losers on the Nifty index while Coal India, Indian Oil Corporation, BPCL, and UPL were the additional gainers. The broader markets, however, remained resilient to the market fall and ended higher today. The S&P BSE MidCap and SmallCap indices gained 0.60 per cent and 0.80 per cent, respectively. Sectorally, the trend remained largely negative. The Nifty PSU Bank, Auto, and Realty indices were the only gainers, up 1 per cent, 0.22 per cent, and 0.29 per cent, respectively. On the downside, the Nifty Financial Services index slipped 1.3 per cent, followed by the Nifty Metal index, down 0.9 per cent. Buzzing stocks >> Shares of Alkyl Amines Chemicals zoomed 10 per cent and hit a new high of Rs 3,640 on the BSE in intra-day trade on Tuesday after the stock turned ex-split today. The company has split the equity share of face value Rs 5 into Rs 2. >> Shares of Bharat Heavy Electricals Limited (BHEL) surged 14 per cent to Rs 75.15, hitting a 21-month high on the BSE in an otherwise weak market on Tuesday, on the back of heavy volumes. A combined 551 million equity shares changed hands on the NSE and BSE today. The stock of the state-owned heavy electrical equipment company hit its highest level since July 2019. In the past eight trading days, the stock has rallied 59 per cent from a level of Rs 47.20 hit on April 29. >> Shares of Tata Motors differential voting right, or DVR, hit a 33-month high of Rs 151, as they rallied 6 per cent on the BSE in Tuesday's intra-day trade on the back of heavy volumes amid expectations of inclusion in the MSCI Smallcap index. The stock quoted at its highest level since July 30, 2018. In the past two weeks, shares of Tata Motors DVR have outperformed the index by surging 20 per cent, as against a 1.8 per cent rise in the S&P BSE Sensex.

Equity: SAIL, JSW Steel, Zensar tech Derivative: Tata Motors 300 CE, Nifty 14700 CE, Nifty Bank 32800 CE --- Send in a voice message: https://anchor.fm/kunvarji-finstock/message

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The benchmark indices witnessed a see-saw trade on Friday as markets failed to breach crucial resistance zones at the higher levels. As per technical charts, if the frontline S&P BSE Sensex and the Nifty surpass their psychological levels of 50,000 and 15,000 levels, respectively, then the indices may log a 4-per cent rally in the short-term. However, with the Covid-19 situation in the country getting grimmer day by day, market participants have stayed on the sidelines. During Friday's session, the Sensex index dropped 250 points from the day's high of 49,089 to settle 28 points, or 0.06 per cent higher at 48,832. The NSE's Nifty50, on the other hand, ended at 14,618 levels, up 36 points or 0.25 per cent. The index had reached an intra-day high of 14,698. For the week, both the indices have slipped 1.5 per cent each. Wipro, which jumped 10 per cent in the intra-day trade and hit a record high of Rs 474 on the NSE, ended as the top gainer (up 9 per cent) on the Nifty after clocking its best performance in the March quarter in a decade. ICICI Securities said that the key highlights of the quarter were healthy deal wins, up 16.7 per cent QoQ, to $1.4 billion, healthy net addition of 7,400 employees, and higher offshore, up 180 bps.   That apart, Hindalco, Asian Paints, Cipla, BPCL, HCL Tech, and UltraTech Cement were the other best performing stocks on the Nifty, up in the range of 2 per cent to 4 per cent. On the downside, Tata Steel, L&T, ICICI Bank, SBI, Bajaj Finance, and JSW Steel slipped up to 2 per cent to end as top drags on the index. Investor participation in the broader markets, however, remained strong with the S&P BSE MidCap and SmallCap indices settling 1.2 per cent and 1.05 per cent higher, respectively. >> Among the key buzzing stocks in the broader markets include those of SBI Cards and Payment Services that traded higher for the third straight day, advancing 8 per cent to Rs 976 on the BSE in the intra-day trade, on the back of heavy volumes. In the past three days, the stock has gained 10 per cent after correcting 22 per cent from its record high level of Rs 1,149 touched on February 24, 2021. According to reports, global lender Citi's exit from retail banking business in India is likely to pave the way for consolidation in the Indian financial sector, eying for an increased market share across business verticals. Analysts believe SBI Card could be one of the beneficiaries along with ICICI Bank and Axis Bank. >> Shares of DCM Shriram, meanwhile, moved higher by 20 per cent to hit an all-time high of Rs 664 on the National Stock Exchange, in the intra-day trade on Friday, on the back of heavy volumes. The stock has surpassed its previous high of Rs 637, touched on May 23, 2019. It ended 18 per cent higher on the NSE today. >> Shares of multiplex operators like PVR and Inox Leisure, on the other hand, continued to remain under pressure, hitting seven-month lows on the BSE in intra-day trade after Delhi Chief Minister Arvind Kejriwal announced sweeping restrictions in a bid to break the chain of Covid-19 infections in the city. Among individual stocks, PVR slipped 3 per cent to Rs 1,030, while Inox Leisure dipped 2.5 per cent to Rs 248.45 on the BSE in intra-day trade today. Both these stocks are trading at their lowest level since September 2020. >> On the earnings front, Mid-tier IT firm Mindtree on Friday reported a consolidated net profit of Rs 317.3 crore for the March quarter of fiscal year 2020-21 (Q4FY21), up 53.4 per cent from previous year’s profit of Rs 206.2 crore. It also declared a dividend of Rs 17.5 per share. Ahead of the result, shares of the firm ended 0.17 per cent higher at Rs 2,067.6 apiece on the BSE. Sectorally, the Nifty Pharma index ended 2 per cent higher while the Nifty Auto, IT, Metal, and FMCG indices gained between 0.6 per cent and 1.2 per cent. On the downside, the Nifty Bank, PSU Bank, and Realty indices slipped up to 0.6 per cent.

Breaking away from a range-bound trade, the benchmark indices zoomed over 1 per cent in the last-hour of trade on Tuesday amid broad-based buying after the union government said that it is speeding up emergency approvals for foreign-made vaccines that have been granted emergency use authorisation in other countries amid alarming spike of coronavirus infections across India. This comes after the Centre approved a third vaccine -- Russia's Sputnik V -- for emergency use authorisation. Barring the Nifty IT and Pharma indices, which ended over 3 per cent and 1 per cent lower, respectively on the back of profit-booking, all other sectoral indices ended the day in the green. While the Nifty PSU Bank index surged 4 per cent after nursing a 9 per cent cut on Monday, the Nifty Bank, Private Bank, Financial Services, Metal, Auto, and Realty indices gained between 3 per cent and 4 per cent. The Nifty FMCG index, meanwhile, ended 0.6 per cent higher. Among the frontline indices, the BSE barometer Sensex jumped 661 points, or 1.4 per cent, to settle the day at 48,544 levels. In the intra-day deals, the index had hit a high and low of 48,627 and 47,775, respectively. On the NSE, the Nifty50 index closed the day at 14,505 levels, adding 194 points or 1.36 per cent. The index's high and low of the day were 14,529 and 14,275, respectively. M&M, Bajaj Finserv, Tata Motors, Bajaj Finance, Maruti Suzuki, HDFC, and JSW Steel were the top gainers on the Nifty, up in the range of 4 per cent to 8 per cent, while Dr Reddy's Labs, TCS, Tech M, Wipro, HCL Tech, Britannia, and Divis Labs were the top drags, down up to 4 per cent. Mood in the broader market too remained upbeat. The S&P BSE MidCap index gained 1.46 per cent with IDBI Bank, Bank of India, Federal Bank, L&T Finance Holdings, IDFC First Bank, SAIL, and Shriram Transport Finance soaring between 5 per cent and 9.5 per cent. The S&P BSE SmallCap index, on the other hand, ended 1.2 per cent higher. Buzzing Stocks Shares of information technology major Tata Consultancy Services tumbled 5.1 per cent to Rs 3,074.55 apiece on the BSE in the intra-day deals as investors booked profit in the counter. Even as TCS reported its highest-ever order book in a quarter, at $9.2 billion, and a 15 per cent rise in net profit at Rs 9,246 crore, analysts feel the stock is trading at premium valuations and has factored-in most of the positives. The stock ended 4.2 per cent lower on the BSE today. Shares of public sector lender Bank of Maharashtra, meanwhile, surged 20 per cent to hit an intra-day high of Rs 27.3 apiece on the BSE on Tuesday after over 3 million shares changed hands on the counter in multiple block deals. By close, the stock 18 per cent higher at Rs 27 per cent as against a 1.4 per cent gain in the benchmark Sensex index. About 3.2 million shares changed hands on the counter on the BSE till 3:30 pm in multiple block deals. Shares of IDBI Bank also jumped 10.6 per cent to hit an intra-day high of Rs 37.40 on the BSE after a Business Standard report stated that the Cabinet will soon consider the proposal to sell the government’s 45.5 per cent stake in the company, paving the way for strategic divestment in the lender. Shares of Adani Ports fell 6 per cent to Rs 702 on the BSE after S&P Dow Jones Indices said it has removed the company from its sustainability index due to the firm’s business ties with Myanmar’s military which is accused of human rights abuses after a coup this year. Global markets Global stocks ticked up on Tuesday as China's exports in dollar terms rose 30 per cent YoY and imports rose 31 per cent, boosting confidence for a rebound in its domestic demand. Besides, market players awaited US data which expected to show a pick-up in inflation. The broad Euro STOXX 600 gained 0.3 per cent to near record highs, with export-heavy German shares up 0.2 per cent. Indexes in Paris and London shares fell 0.1 per cent. In Asia, Japan's

A sudden bout of last-hour sell-off in the banking and financial stocks trimmed gains on the benchmark indices on Thursday. After surpassing the psychological levels of 50,000 and 14,900 on the Sensex and the Nifty, rising 0.5 per cent in the early morning deals, the indices ended around 0.2 per cent higher today. The Nifty PSU Bank and Bank indices declined 0.8 per cent and 0.6 per cent, respectively today while the Nifty Private Bank and Financial Services indices slipped 0.6 per cent and 0.3 per cent, respectively. On the upside, the Nifty Metal index jumped 4 per cent amid firm global cues and steady rise in the metal prices. Hot-rolled coil prices in China — that acts as the global benchmark for steel prices — are up 28 per cent since the beginning of the current calendar year; they are up 116 per cent in the past 12 months. That apart, investors also bought IT stocks ahead of a likely strong March quarter earnings' show. The Nifty IT index hit a record high of 27,413 in the intra-day trade, before ending at 27,134 level, up 1 per cent. Overall, the S&P BSE Sensex and the Nifty50 closed at 49,746 and 14,874 levels, up 84 points and 55 points, respectively. In the broader markets, the S&P BSE SmallCap index hit a record peak of 21,557 levels before closing at 21,449, up 0.73 per cent. The BSE MidCap index, on the other hand, ended at 20,778 levels, up 0.6 per cent. Fiscal year 2021-22, according to G Chokkalingam, founder and chief investment officer at Equinomics Research will belong to the mid-and small-cap segments. He expects these two segments to outrun their large-cap peers going ahead. Buzzing stocks >> JSW Steel has joined the elite club of companies with Rs 1.5-trillion market capitalization (market-cap) on the BSE, after its share price rallied 14 per cent to hit an all-time high of Rs 638.90 in intra-day trade on Thursday. With an m-cap of Rs 1.54 trillion at 2 pm, JSW Steel stood at 24th position in overall market-cap ranking, according to the BSE data. >> Shares of Tata Steel, meanwhile, hit an all-time high of Rs 953 as they rallied 9 per cent on the BSE in intra-day trade today. The stock surpassed its previous high of Rs 924 touched on October 29, 2007. In the past one month, the Tata group company has rallied 25 per cent after global rating agencies upgraded the outlook on Tata Steel to stable, citing a recovery in Q3 of the financial year 2020-21 (Q3FY21). >> That apart, shares of Barbeque-Nation Hospitality were locked in the 20 per cent upper circuit for the second straight day, at Rs 708.45, on the BSE. With today’s rally, the stock has surged 47 per cent from its Wednesday’s low of Rs 481.35. >> Furthermore, shares of cement companies were in focus in Thursday's trading session, with Ambuja Cements, Shree Cement, JK Cement and the Ramco Cement hitting their respective new highs on the BSE, on strong demand expectations. Besides these stocks, UltraTech Cement, ACC, JK Lakshmi Cement, India Cements, Orient Cement, Prism Johnson and Star Cement from the S&P BSE Allcap index were up in the range of 2-6 per cent on the BSE. >> In the primary market, the Rs 2,500 crore IPO of Macrotech Developers was subscribed only 30 per cent till about 3:30 pm on the second day of the issue. Global markets   Asian share markets lagged on Thursday as US stock futures nudged to another record high after the Federal Reserve underlined its commitment to keeping policy super loose even as the economy enjoys a rapid recovery. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat while Japan’s Nikkei eased 0.3% and Chinese blue chips 0.1%, with trading very subdued. In Europe, the pan-European STOXX 600 index rose 0.3 per cent. In the forex markets, the rupee ended lower at 74.6 per US dollar on Thursday vs Wednesday's close of 74.55. Given the RBI's Rs 1-trillion bond buying programme and slowdown in economic recovery, analysts expect the rupee to d

A record jump in the Covid-19 cases in the country which led to lockdown-like restrictions in the economically important state of Maharashtra spooked investors on Monday. Besides, a weak PMI manufacturing print for March added fuel to the fire, raising concerns about the pace and strength of the economic recovery. Growth in manufacturing activities slowed to the lowest rate in seven months as increasing Covid cases hit demand. PMI fell from 57.5 in February to 55.4 in the previous month. Against this backdrop, the frontline S&P BSE Sensex dropped 1,449 points in the intra-day deals to hit a low of 48,581 amid heavy selling in banking, financial services, and realty counters. However, a sharp rally in the IT stocks ahead of the March quarter results gave investors some solace and the index ended 870.5 points, or 1.74 per cent, down at 49,159 levels. On the NSE, the Nifty50 index recovered 179 points from the day's low level of 14,459, and settled at 14,638 levels, down 229 points or 1.5 per cent. Bajaj Finance, IndusInd Bank, State Bank of India, M&M, Axis Bank, Bajaj Auto, ICICI Bank, ITC, HDFC, and Bajaj Finserv tanked between 3 per cent and 6 per cent, while other heavyweights like RIL, L&T, and HDFC Bank slipped up to 2.5 per cent. Pain in the broader market, however, was lesser relative to benchmarks as the S&P BSE MidCap and SmallCap indices closed 1.13 per cent and 1 per cent down, respectively. Therefore, the overall market breadth on the BSE was in the ratio of 1:2 with two stocks falling against every stock that rose, compared with a 1:4 ratio on the 30-share index. Given this, analysts say investors should utilise the crash to look at investment-worthy opportunities and buy from a medium-to-long perspective. They, however, caution that the markets are likely to be on a roller-coaster ride all through April given the slew of events stacked up ahead. Sectorally, the Nifty PSU Bank index declined 4 per cent on the NSE, while the Nifty Bank, Private Bank, Financial services indices slipped up to 3.5 per cent. The headline pro forma gross NPAs and net NPAs reported by banks do not reflect the underlying stress on the asset quality of banks as the quantum of loans in the overdue categories has increased post the moratorium period and this will lead to a rise in non-performing assets of the banks. Rating agency Icra expects asset quality pressure for banks to resurface after the impact of the relief measures by the government and the regulator wanes off. It has estimated that the gross NPAs (excluding write-offs) will rise to 9.6-9.7 per cent by March 31, 2021 and 9.9-10.2 per cent by March 31, 2022 from 8.6 per cent as of March 31, 2020. On the contrary, the Nifty IT index jumped over 2 per cent and the Nifty Metal index gained 1 per cent in a weak market on the back of strong earnings expectations and solid global cues, respectively. Individually, shares of Infosys hit a fresh record high of Rs 1,425 after rising nearly 3 per cent on the BSE in intra-day trade on Monday, which propelled the company's market capitalisation to Rs 6.01 trillion-mark. The stock surpassed its previous high of Rs 1,406, touched on March 16, 2021. Besides Infosys, HCL Tech, TCS, and Wipro gained up to 3 per cent. In the metals pack, SAIL, Hindustan Zinc, Jindal Steel, Adani Enterprises, and JSW Steel were up in the range of 2 per cent to 7 per cent. Global markets   Stock prices rose to a 1 1/2-month high on Monday after data showed a surge in US employment while US bonds came under pressure on worries the Federal Reserve may bump up interest rates sooner than it has indicated. In Asia, Japan's Nikkei rose 0.8 per cent while MSCI's broadest index of Asia-Pacific shares outside Japan slipped slightly, with China closed for Tomb-Sweeping day and Australia and Europe on Easter Monday.

Equity: Dr lalpathlabs, JSW Steel and Raymond Derivative: Berger Paint 760 CALL --- Send in a voice message: https://anchor.fm/kunvarji-finstock/message

Equity: Tata Steel, JSW Steel, PRAJ Ind Equity Options: 15300 PUT, Reliance 2200 CALL Commodity: Lead and Cotton Currency: USDINR --- Send in a voice message: https://anchor.fm/kunvarji-finstock/message

This podcast gives a 360 degree overview of the Indian stock markets and the index of nifty 50. The stock of JSW steel has shown a breakout after 1.5 years and the trading opportunity is seen coming.Support the show (https://www.youtube.com/channel/UCpo00Gr2UYgA-EQzrQRGaiQ?view_as=subscriber)

This episode gives a 360 degree overview of the Indian stock Markets i.e. Nifty 50 index . The Nifty 50 was seen showing a decisive move today with no part of yesterdays's price beeing attained today . so the closing and opening both being above yesterdays;s price . this can be a high of this particular swing this week but that doesnt mean this bullish run is a fluke , it is to stay there for long for sure . ( retracements will always occur)The stock pick for today is JSW Steel which is showing an interesting setup and the same is discussed in this episode. Expecting the crucial resistance to be broken this week.Support the show (https://www.youtube.com/channel/UCpo00Gr2UYgA-EQzrQRGaiQ?view_as=subscriber)

John Hritz, president and chief executive officer of JSW Steel USA Inc., was a huge backer of President Trump's plan to impose tariffs on steel and aluminum imports. Now he is suing the administration. Hirtz speaks with "Bloomberg Businessweek" hosts Carol Massar and Jason Kelly.  Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Texas-based JSW Steel, a big fan of the president's tariffs, is suing to be exempted from them. By Bryan Gruley and Joe Deaux Learn more about your ad-choices at https://www.iheartpodcastnetwork.com