Sequentially, the topline rose just 1.1%, while the bottomline dropped by nearly 15%. The mainstay edible oils business reported a 15.3% drop in revenue to Rs 5,483 crore, while the FMCG business reported a sharp 64% growth in revenue to Rs 2,499 crore.

Data shows that while trading volumes in Hong Kong have been falling, India has seen a sharp surge in the last 2-3 months. With 'Buy India, Sell China' being the strategy of many EM investors, India's Sensex has jumped about 17% in the last year, while Hong Kong's Hang Seng is down about 27%.

Nifty opened in the positive territory and reached the day’s high but soon lost altitude and closed with a loss.

A top financial analyst said that the KSE-100 index has plummeted because investors were looking to sell instead of buying due to the uncertain situation created after the elections. Another senior analyst said the investors wanted a stable government to be formed and the end to the political uncertainty.

A significant part of this selling within the financial services sector was in private banks, particularly HDFC Bank, which is highly concentrated by FPIs.

Zomato's third-quarter earnings beat the estimates on the back of robust growth in food delivery and hyperpure businesses. Net profit jumped nearly 4x (283%) quarter-on-quarter (QoQ) to Rs 138 crore. An ET Now poll saw the figure around Rs 36 crore. The company had posted a loss of Rs 347 crore in the last year period.

YES Bank shares scaled a fresh 52-week peak of Rs 32.85 and the price action was supported by strong volume action with over 54.12 crore shares being traded on the NSE around 10 am.

We are not wired to see risks, which makes us undermine various risks we are exposed to. So, people often think that if I don’t raise a claim at some point in time, then what is the use of insurance?

This isn't a hypothetical example to understand the link between stock price reaction and concentrated ownership but a reality in the world of PSU stocks on Dalal Street.

Macquarie maintained an underperform rating on Zomato with a target price of Rs 76. The company has seen steady margin improvements and strong Quick Commerce growth, it said.

One of the preferred picks for Sharekhan by BNP Paribas in this space is Mahindra Lifespace Developers as it believes that the company has a strong potential to scale up in the realty upcycle.

Mahindra Lifespace Developers has a strong launch pipeline of Rs 4000 crore, of which it aims to launch more than half of its in FY24. Given its inherent scalability in both residential and industrial leasing, it provides more room for an upside in the stock, says Ronald Siyoni of Sharekhan by BNP Paribas.

Based on the idea of the chairman and CEO of Berkshire Hathaway Warren Buffett, a custom screen made by MarketSmith emphasizes metrics looking for companies with long-term past and potential future growth. If you are one of those investors who follow the investment philosophy laid down by Warren Buffett, then a custom screen made by MarketSmith can prove to be useful. Investors must study the business as well as valuations in detail before making a call.Here are 7 Indian stocks that match Warren Buffett’s idea of value investing, as listed on MarketSmith:

Ever since the RBI ban was issued on January 31st evening, Paytm shares have so far tumbled 46%. Barring the two days of relief rally, which might have left many buy-the-dip investors trapped, the stock has been on a downhill trajectory with investor loss mounting up to Rs 22,000 crore.

A significant part of this selling within the financial services sector was in private banks, particularly HDFC Bank, which is highly concentrated by FPIs.

Blue-chip Nifty 50 and Sensex indexes dropped 1% each on Thursday after the Reserve Bank of India (RBI) kept its inflation forecast for fiscal 2025 above its target of 4%.

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

SoftBank has been offloading Paytm shares regularly since at least November 2022 through last month, according to a Bloomberg analysis of company filings. The Japanese investor’s stake in Paytm was around 5% as of January, compared with a roughly 18.5% stake around the time of the payments company’s initial public offering in 2021.

Japanese shares hit 34-year highs on Friday and strong earnings had the S&P 500 at record close, while oil prices were set for a sharp weekly rise on Israel's rejection of a ceasefire offer from Hamas.

As the S&P 500 continues to hit fresh milestones with a first-ever break above the 5,000 level, its valuation is reaching new heights as well.

Japan's Nikkei share average hit a more than two-week high on Thursday, as tech stocks followed their Wall Street peers higher and a weakening yen lifted overall sentiment.

Shares in Nissan Motor slumped more than 11% in Tokyo trading on Friday after the company said the previous day it expected to sell fewer cars in the current financial year than it had previously and amid worries about its business in China.

The benchmark S&P 500 index managed to eke out a small gain on Thursday after briefly hitting the 5,000-point milestone, as investors reacted to earnings reports, a roughly in-line jobs report and remarks from policymakers on interest rate cuts.

The regulator has asked guest experts to disgorge Rs 7.41 crore unlawful gains made by them by taking opposite positions in the market than they recommended on the channel.

“Canara Bank stock has been continuously making higher lows from the last 12 months and is trading in an upward-sloping channel with any small declines converted into buying. Traders can buy for a target of Rs 575 in the next 1-2 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

Amid the ongoing Paytm crisis, the Reserve Bank of India will meet with the National Highways Authority of India (NHAI) and the NPCI, among other stakeholders next week. NHAI operates the Fastag service and NPCI oversees the Unified Payment Interface ( UPI) infrastructure.

India's external sector demonstrates resilience with higher net inflows of non-resident deposits and external commercial borrowings. Vulnerability indicators suggest the Indian Rupee's greater resilience, providing confidence in meeting external financing requirements.

Status quo maintained, but monetary stance considered irrelevant. Rates to remain unchanged. MPC interest rate decision voted 5 to 1. Financial markets volatile, with banking shares retreating. Experts believe rate easing odds have lengthened.

The Reserve Bank of India announces plans to bolster security measures for the Aadhaar-enabled payment system (AePS) to combat fraud risks. Current concerns revolve around the lack of two-factor authentication, posing vulnerabilities, especially for older users. The move aims to introduce additional fraud prevention mechanisms, potentially including timed OTP authentication. Strengthening AePS security is vital for fostering financial inclusivity, particularly in rural areas where digital literacy may be lower.

The Reserve Bank of India (RBI) projects India's economy to grow by 7% in FY25, maintaining its world-leading pace for a second consecutive year. Governor Shaktikanta Das highlights ongoing momentum in economic activity, with real GDP expected to climb 7.3% in FY24. Despite optimism, concerns over food price shocks prompt RBI to sustain its policy of withdrawing accommodation, with inflation projected at 5.4% for FY24 and 4.5% for FY25. The bank also revises quarterly GDP projections upwards, signaling continued growth across sectors.

When Yes Bank was in trouble, the RBI rejected the offer from distressed funds manager JC Flowers and instead arranged a merger with a group of local banks. This demonstrates the RBI's focus on finding the most suitable solution for the financial sector.

Shares of Hero MotoCorp, Honasa Consumer, IRFC and Tata Power will be in focus as the companies will report their third quarter earnings today.

Large private banks led the sell-off, while public sector lenders and information technology stocks bucked the weak trend. NSE's Nifty fell 212.5 points, or 0.97%, to close at 21,717.9. The BSE Sensex declined 723.5 points, or 1%, to end at 71,428.4.

Since April 2022, the RBI has adopted a stance of focusing on withdrawal of accommodation to tackle inflation. Liquidity in the banking system has been at a deficit over the past six months, with the weighted average call rate (WACR) broadly remaining 20-25 basis points above the repo rate from August to January. The WACR is the operating target of the RBI's monetary policy.

We expect that while liquidity deficits could improve over the coming weeks with a likely rise in government spending, the rise in currency in circulation ahead of the general elections and seasonal factors (tax outflows etc.) could broadly keep liquidity conditions tight over the coming month

Further, there are no regulatory prescriptions for dealing with securities that remain in the demat accounts of FPIs, post expiry of registration and for securities written- off by FPIs.

Canara Bank rose more than 16% in a week and over 40% in the last 3 months. The momentum pushed it to hit a fresh multi-year high of Rs 567 on 8 February. The level was last seen around May 2011. The level of 550-570 acted as a stiff resistance back in February 2012 and January 2013.

Walt Disney gained 11.9% after the media giant hit back at activist investors with a market-beating profit, a gaming investment and plans to launch an ESPN streaming service in 2025. The company also announced a $3 billion share repurchase plan and a 50% increase in dividend.

In almost a decade since AstraZeneca fended off a takeover by U.S. rival Pfizer, CEO Pascal Soriot has rebuilt the Anglo-Swedish drugmaker's pipeline, which includes 13 blockbuster medicines, meaning those that generate more than $1 billion in annual sales.

The Aditya Birla group company announced its foray into this business in 2021 with an investment of Rs 10,000 crore, and intends to be the second largest player in the country over the next few years. It will be launching operations with a capacity to produce 1.33 million litres at its six manufacturing units across the country.

The fine was slapped for unlawful trades done by some of them based on the recommendations given by the experts when they appeared on Zee Business news channel between February and December 2022.

Current FPI rules do not provide for regularisation of FPI registration or liquidation of securities post expiry of their registration and the securities held by such FPI remain frozen in their demat accounts.

Of the public institutions that voted, a little over 93% were in favour of the transactions related to ACC and Ambuja Cements. Voting in non-institutional public shareholders showed nearly 86% in favour of the transaction.

Benchmark stock indices Sensex and Nifty tanked around 1% on Thursday dragged by selling in banking and auto shares due to increased uncertainty about the timing of interest rate cuts after the RBI's monetary policy decision. Erasing all its early gains, the 30-share BSE Sensex fell by 724 points to settle at 71,428. The Nifty shed 212.55 points or 0.97% to settle at 21,718.Rate-sensitive banking and financial services, auto, realty and commodity shares remained under pressure while energy and IT shares advanced."The short-term trend of Nifty seems to have turned down and one may expect some more weakness in the short term. The near-term uptrend of the market remains intact and further weakness down to the immediate support of 21,550-21,500 levels could be a buying opportunity," said Nagaraj Shetti, senior technical research analyst at HDFC Securities.Here are 3 stock recommendations for Friday:

​New York Community Bancorp faced its third credit-rating cut on Thursday as defaults worries from exposure to the beleaguered U.S. commercial real estate (CRE) took its toll on lenders in Europe and Asia.

Warburg Pincus, through its affiliate Highdell Investment, cumulatively sold 8,67,29,971 shares at an average price of Rs 338 a share, bulk deals data on BSE and NSE showed.

The Dow Jones Industrial Average rose 42.09 points, or 0.1%, at the open to 38,719.45.

Benchmark stock indices Sensex and Nifty tanked around 1% on Thursday dragged by selling in banking and auto shares due to increased uncertainty about the timing of interest rate cuts after the RBI's monetary policy decision. Erasing all its early gains, the 30-share BSE Sensex fell by 724 points to settle at 71,428. The Nifty shed 212.55 points or 0.97% to settle at 21,718.Rate-sensitive banking and financial services, auto, realty and commodity shares remained under pressure while energy and IT shares advanced."The short-term trend of Nifty seems to have turned down and one may expect some more weakness in the short term. The near-term uptrend of the market remains intact and further weakness down to the immediate support of 21,550-21,500 levels could be a buying opportunity," said Nagaraj Shetti, senior technical research analyst at HDFC Securities.Here are 3 stock recommendations for Friday:

It was termed the elephant that can’t dance back in 2022 in stock-market circles. Yes, we are talking about Life Insurance Corporation of India or LIC. The stock has pleasantly surprised D-Street investors in the last few weeks. After a long wait, the PSU stock crossed its listing price and also scaled a lifetime record peak of Rs 1,050.50.

To facilitate ease of doing business for Foreign Portfolio Investors, markets regulator Sebi has proposed allowing such investors to dispose of securities lying in their demat accounts after the expiry of their registration.