Some megacap stocks declined, weighing on indexes. Meta Platforms, Amazon.com and Nvidia were down between 1.6% and 1.7%. Yield on the 10-year Treasury note rose and was last at 4.6541%.

Investors had been bracing for the worst after a tumultuous week at Tesla that saw big layoffs, executive exits, price cuts and the postponement of a highly touted meeting with the Indian prime minister. The newly minted plans also helped Wall Street shrug off the company's weak first-quarter results, including a lower-than-expected profit and the first drop in quarterly revenue in nearly four years.

A release by the NSE claimed that the new derivatives contract received a positive response from market participants with more than 375 trading members from across the country participating in the index derivatives. The trading members involved in execution of the initial trade include East India Securities Limited, and Samco Securities Limited.

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NSE, the world's top derivatives exchange in 2023, was approved by Sebi to introduce Nifty Next 50 index derivatives starting April 24, 2024. Here are all the important things you should know about it. (Source: Motilal Oswal)

Indian benchmark equity indices ended higher for the fourth straight session on Wednesday, led by financial and metal stocks. The S&P BSE Sensex closed 0.16% higher at 73,852, while the NSE Nifty50 index ended above the 22,400 level."The short-term trend of Nifty is range-bound with a positive bias. The present range-bound action could eventually result in a decisive upside breakout in the near term. A decisive move above 22,500 is expected to open the next upside target of 22,800 levels in the near term. Immediate support is at 22,300-22,250 levels," said Nagaraj Shetti, senior technical research analyst at HDFC Securities.

A key advantage of these strategies is the limitation of losses. Regardless of market fluctuations or extreme events, such as circuit breakers or geopolitical turmoil, losses are capped at a predetermined amount.

Long unwinding refers to selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Wednesday's trading session, four stocks witnessed a top long unwinding. Here's the list:

Motilal Oswal AMC has a turnaround in performance with 90% of the total schemes outperforming their respective benchmarks. This has led to an improvement in assets under management (AUM) to Rs 71,810 crore in March 2024 from Rs 45,712 crore in March 2023.

According to exchange data, CPPIB currently holds 5.96% stake in the firm, which is also backed by the likes of Nexus Ventures, Steadview Capital, Softbank, and Fedex.

The Dow Jones Industrial Average rose 49.1 points, or 0.13%, at the open to 38,552.79

The move comes following an order by the National Company Law Tribunal (NCLT) to convene a meeting of the ordinary shareholders of the company.

Finolex shares have given a Cup & Handle breakout on the monthly charts and can be bought at above Rs 275 by aggressive traders for a target of Rs 325, and a stop loss can be placed below Rs 229.

Going ahead, 22,500 level remains a significant resistance on the monthly expiry day, but a sustained trade above 22,500-22,550 could trigger further upward movement, potentially driven by contract adjustments.

Investors' wealth surged Rs 8.48 lakh crore in four days of market rally where the BSE benchmark has climbed nearly 2 per cent amid firm global trends.

Invesco Asset Management India, its CEO Saurabh Nanavati and four others on Wednesday settled with markets regulator Sebi a case on alleged non-segregation between the mutual fund activities and portfolio management activities of the company after payment of nearly Rs 5 crore.

Investors had been bracing for the worst after a tumultuous week at Tesla that saw big layoffs, executive exits, price cuts and the postponement of a highly touted meeting with the Indian prime minister.

A final dividend of Rs 45 per share has been recommended by the board of directors of LTIMindtree as the company also announced its Q4 earnings result on Wednesday.

Of the total approved plan, the lender will raise around Rs 35,000 crore through issue of various debt instruments including long term bonds, masala bonds, sustainable, optionally/compulsorily convertible debentures among others.

The Company had earlier paid an interim dividend of Rs 18 per share on November 16, 2023, the total dividend for the financial year amounts to Rs 42 per share, which is an increase of 8% over the last financial year.

Small caps have an inherent risk which is technical in nature but it still can be a big headache, if one is caught on the wrong foot. A number of these small caps stocks have limited floating stock, which means a bout of demand can lead to a sharp rise in prices, which is good in bullish times, but at the same time if there is a small bout of selling at a time when valuations are high, there is hardly any buyer. So, the risk of these stocks moving downward circuit to circuit. If in doubt, just look at what happened in March this year. That is the risk which probably made the market regulator give advice to mutual funds to put some restraint on collecting money in their small cap schemes. But by April, some of them are making a comeback. For all those die hard small and micro cap fans, one basic principle should be remembered. Investing is about taking stake in a business and that business should have growth prospects and management should be transparent.

The 30-share BSE benchmark Sensex closed 114 points or 0.16% higher at 73,852. The broader NSE Nifty closed 34 points or 0.15% higher at 22,402. Nifty Metal index appreciated 2.7% as global prices rebounded from a fall in the previous session. Heavyweight banking and financials rose 0.5%.

The blue-chip FTSE 100 was up 0.4%, as of 0721 GMT. The index touched 8,083.92, topping the previous session's peak of 8,076.52.

Chennai Petroleum Corp had reported a PAT of Rs 365.28 crore in Q3FY24. On a year-on-year basis, the net profit plunged 38% versus Rs 1,012.81 crore in Q4FY23.

Voda Idea's Rs 18,000 crore FPO is one of the largest fundraisers in the history of Indian capital markets and will be followed by the proposed debt raise of Rs 25,000 crore. This could enable Vi to break out of the vicious loop of high debt, lower capex, inferior network quality, and subscriber loss, Nuvama said in a note.

Persistent’s fourth quarter numbers were a mixed bag. While revenue growth met the analysts’ expectations, the margin performance was below estimates. Revenue grew by 3.4% sequentially to $ 310.9 million for the quarter.

Right from the Covid-19 crisis to the tightening of regulatory requirements on capital in a short span and increasing competition, all these three headwinds hit the microfinance industry in one go. The result, the stocks that at one point in time were getting high valuations cracked sharply and underperformed. This is how the journey of the last few years of microfinance companies can be described. However, given the fact that they are the lender to the most marginalized section of society where the requirement of capital is always high, these companies have been able to manage and have been able to survive though growth has not been as expected. In any sector, the phase of headwinds comes at the face where two things tend to happen. First, few players get more attention on the street second the upward journey of stocks is slightly more volatile in the initial phase of recovery.

Post 2015 and then again in 2018, RBI did a strong rejig in various banking policies, right from capital adequacy to the operational matrix, to loan disbursement mechanism. In sectors like banking when a regulatory rejig takes place, every player has to follow a new set of rules. It is not possible for any entity to escape the regulatory regime. This leads to a situation where entities which are large or are already following best practices are able to make transition to a new regime in a short span of time and are the first one to get rewarded on the street. Others who take time to the follow which normally are smaller or mid sized players tend to get attention later. So, While ICICI and SBI have been in the limelight for a long time, mid and small-sized banks, who took time to clean up their act are likely to get the attention. They have very different hybrid kinds of ownership, a sort of quasi private sector banks. These are private sector banks of mid-sized banks which operate in particular regions.

When both foreign institutional investors (FIIs) and mutual funds (MFs) express their interest in a particular stock, it typically boosts investor confidence due to the thorough research institutional investors generally undertake before investing. However, it's crucial to remember that past performance does not guarantee future results. An ETMarkets analysis reveals that 12 smallcaps consistently attracted increased holdings from FIIs and MFs for four consecutive quarters, from June 2023 to March 2024. Remarkably, of these 12, six saw share price growth of over 100% in the past year. (Data Source: ACE Equity)

Indian shares rose on Wednesday, helped by gains in heavyweight financials and metals stocks, with investors focusing on earnings from key Nifty 50 constituents due this week. Meanwhile, in today's trading session, five Nifty50 stocks touched a new 52-week high. Here's the list:

Earlier reports had said that Airtel was in conversation with Vodafone group to potentially acquire a controlling stake in Indus Towers. Airtel has now, in a letter to the exchanges, clarified that such is not the case.

The company's Q4 revenue stood at Rs 362 crores, with quarter-on-quarter (QoQ) growth of 12.7% and YoY growth of 30.5%.

MCX shares plummeted 8% to Rs 3,715 in Wednesday's intraday trade on BSE after the company released its quarterly report, which showed positive results but fell below market estimates for the quarter ending March 2024.

Responding to a lawsuit filed by Jane Street this month, Douglas Schadewald said it was “not only wrong, but impossible” that he and a fellow defector, Daniel Spottiswood, cost the company more than $150 million in profits between February and March when they went to work for rival Millennium.

A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Wednesday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:

A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Wednesday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:

Tata Elxsi's shares dropped 5% to Rs 7,000 today as investors were disappointed by the company's Q4 results. The company reported a 4.5% sequential decline in net profit in its quarterly results announced yesterday. Q4 revenue stood at Rs 905.9 crore, down 0.9% QoQ, marking the first sequential revenue decline since Q1 of FY21.

The overall Assets Under Management (AUM) stood at Rs 4.7 lakh crore as of March 2024 while annual recurring revenue (ARR) AUM at approximately Rs 2.28 lakh crore, an increase of 36.3% year-on-year (YoY) And 3.2% QoQ.

Tata Consumer shares dropped 5% to Rs 1,112 on BSE as its Q4 net profit fell 19% YoY to Rs 217 crore. Goldman Sachs maintains a neutral rating, citing slowed India beverage growth and margin reliance on international and unbranded segments.

Pledging of shares is one of the options that the promoters of companies use to secure loans to meet working capital requirements, personal needs and fund other ventures or acquisitions. A promoter shareholding in a company is used as collateral to avail of a loan. Here's is a list of 5 largecap stocks from the Nifty200 index firms where promoter pledge declined in Q4 FY24, according to StockEdge data:

ICICI Prudential Life received an Equal Weight rating from Morgan Stanley, while Citigroup upheld its Buy rating for Bharti Airtel. Tata Consumer was given a Neutral rating by Goldman Sachs, and Investec maintained a Buy rating for Cipla.

Trent, part of Tata Group, doubled in value, reaching record highs and breaking ranges. Strong support and resistance levels. Expert suggests possible targets. Bullish trend since October 2023, with potential further upside.

GLOBAL-Asian shares rise on tech boost; yen on intervention watch

Foreign funds reduced their ownership of India’s largest staples company to 12.7% at the end of March, down from as high as 14.5% in June last year, according to data compiled by Bloomberg.

Benchmark equity indices rose tracking global markets, driven by Reliance Industries and HDFC Bank. BSE Sensex gained 209 points, Nifty50 up 52 points. Leading gainers were HDFC Bank, Axis Bank, TCS, Tata Motors, Nifty Metal, Auto, Pharma, Healthcare, Oil & Gas also increased.

Rajiv Jain's GQG empire in India has expanded to $11 billion, diversifying beyond Adani stocks to include stocks from various sectors like energy, banks, real estate. The portfolio now comprises a wide range of stocks.

Nifty 50 hit a high point in the early minutes of the trade but then drifted lower. It managed to close with a gain.

Stocks that were in focus included names like ABFRL, which rose 9.24%, Tata Consumer, which was flat, and HUL, whose shares increased 0.96% on Tuesday.