Brokerage firm Goldman Sachs maintained a buy rating on Zomato, CLSA maintained an underperform rating on ACC, Goldman Sachs recommended a neutral rating on Nestle India and JPMorgan has an underweight rating on Tech Mahindra.

Tech Mahindra's shares surge despite profit drop, backed by new CEO's growth strategy. Analysts cautious yet optimistic about the company's future performance and turnaround plan.

Nifty recouped its initial losses and managed to close in the positive zone.

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 is reversed only if the open interest falls below 80%.

Gold prices were slightly down in recent trading, and market participants are now looking forward to more inflation data expected to come out soon.

Thursday's session saw Kotak Mahindra Bank shares ending 11% lower at Rs 1,643 on NSE while Hitachi Energy India shares ended nearly 14% up at Rs 9,342 on BSE.

ALPHABET-Google parent announces first-ever dividend; beats on sales, profit; shares soar

Data on Thursday showed that the U.S. economy grew at its slowest pace in nearly two years in the first quarter while inflation accelerated, dampening hopes that the Federal Reserve would begin cutting interest rates this year.

U.S. stock futures jumped after tech giants Alphabet and Microsoft reported quarterly results that beat Wall Street estimates. Nasdaq futures advanced more than 1%, while S&P 500 futures rose 0.7%.

Thursday's session saw Kotak Mahindra Bank shares ending 11% lower at Rs 1,643 on NSE while Hitachi Energy India shares ended nearly 14% up at Rs 9,342 on BSE.

Apollo 24/7 is part of Apollo HealthCo, a subsidiary of Apollo Hospitals. HealthCo also houses the pharmacy distribution business and a 25.5% interest in Apollo Pharmacy. It accounts for about 40% of Apollo Hospitals’ revenue.

“Price volume surge in Bharat Dynamics stock and a consolidation breakout after 17 weeks indicates that there has been a good base formation in this stock. Traders can buy for a target of Rs 2150 in the next 2-3 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

The Securities and Exchange Board of India (Sebi) has approved CRISIL ESG Ratings & Analytics Limited as a Category 1 provider of environmental, social, and governance (ESG) ratings. The approval comes at a time when ESG disclosures are improving and financial markets recognize the need for independent ESG ratings.

Mumbai-listed Vedanta had announced a demerger in September last year. It intends to form six companies, each of which will house its different businesses - aluminium, power, oil and gas, base metals and steel. Goel reiterated that the demerger is on track to be concluded by the end of the calendar year.

Client withdrawals from US funds targeting environmental, social and governance goals reached $8.8 billion in the first three months of 2024, according to fresh data compiled by Morningstar. . That stood in stark contrast to the roughly $11 billion of inflows into ESG funds in Europe, where sustainable investing regulations are far more entrenched.

In addition to this loan, Adani Green is planning to raise a $1.3 billion bond in the next two months, after the general elections. Last month, it became the first Adani Group company to raise funds through a dollar note sale after a year of the release of the US-based short seller Hindenburg Research's report alleging wrongdoings at the group, showing signs of investor confidence.

The early-to-mid-stage investor that has backed 700 companies globally focuses on three major markets - USA, Israel and India. It has $15.5 billion of assets under management.

In the past week, at $21.5 billion, group chairman Kumar Mangalam Birla surpassed Radhakishan Damani ($20.5 billion), Cyrus Poonawalla ($20.4 billion), and KP Singh ($20.1 billion) in terms of net worth to become the sixth wealthiest individual in India, showed the Forbes Real Time Billionaires' List.

"The digital acquisition of customers will be adversely impacted but the reputational impact is surprising since Kotak is considered to be a conservative bank with good processes and systems in place," said Kaitav Shah, banking analyst, Anand Rathi Brokerage.

Metal major Vedanta on Thursday reported a net profit of Rs 1,369 crore for the March-ended quarter, down over 27% (YoY) compared to Rs 1,881 crore reported in the year-ago period. Consolidated revenue from operations for the quarter stood at Rs 34,937 crore, down 6% YoY over Rs 37,225 reported by the company in Q4FY23.

On Wednesday evening, the Reserve Bank of India (RBI) barred the Uday Kotak-promoted lender from onboarding new customers through its online and mobile banking channels and directed them to stop issuing new credit cards. The regulator cited “serious deficiencies and non-compliances” and “continued failure on the part of the bank to address these concerns in a comprehensive and timely manner.”

"June beginning is a crucial turning point as uncertainty around the political front and monsoons will be over, which can significantly increase FII inflows," said Amnish Aggarwal, head of institutional research, Prabhudas Lilladher, in a note to their clients.

The defence stock moved in a narrow range in February 2024, where levels below 2,000 acted as a stiff resistance while on the downside 1,500 acted as a strong support. It took support above 1,500 levels once in February 2024 and then again in March 2024, creating a double bottom pattern.

At 11:34 a.m. ET, the Dow Jones Industrial Average was down 619.28 points, or 1.61%, at 37,841.64, the S&P 500 was down 65.74 points, or 1.30%, at 5,005.89, and the Nasdaq Composite was down 278.87 points, or 1.77%, at 15,433.88.

​ Shares of International Business Machines fell more than 9% on Thursday, as its consulting business faces pressure from enterprises tightening their budgets to cope with an uncertain economy and high interest rates.

Indian shares gained for the fifth consecutive session on Thursday, led by post-earnings gains in key benchmark constituents like Axis Bank and Nestle India. The S&P BSE Sensex closed 0.66% higher at 74,339, while the NSE Nifty50 index ended above the 22,550 level."The short term uptrend seems to have resumed after a small pause. Having moved above the key hurdle, the Nifty is expected to move towards a new all-time high of 22,800 and above in the near term. Immediate support is at 22,470," said Nagaraj Shetti, senior technical research analyst at HDFC Securities.

The S&P 500 opened lower by 76.15 points, or 1.50%, at 4,995.42, while the Nasdaq Composite dropped 337.49 points, or 2.15%, to 15,375.26 at the opening bell.

The market capitalisation of BSE-listed companies jumped to a lifetime peak of Rs 404.18 lakh crore on Thursday helped by a five-day rally in benchmark indices, making investors richer by Rs 11.29 lakh crore.

SBI shares had been in a consolidation zone of Rs 720-790 for almost two months now and on Thursday it gave a channel breakout with good volumes. With the Daily Relative Strength Index (RSI) on the verge of entering an extremely bullish zone, this stock can touch the Rs 850-860 zone in the short term.

Shares of Meta Platforms sank 13% on Thursday, sparking a selloff in big technology stocks after the social media firm signaled its costly bet on AI could take years to pay off.

The S&P 500 opened lower by 51.75 points, or 1.02%, at 5,019.88, while the Nasdaq Composite dropped 337.49 points, or 2.15%, to 15,375.26 at the opening bell.

In the March 2024 quarter, the company's revenue grew by 17.2% year-on-year to Rs1,905 crore. Net profit jumped by 29.4% to Rs438 crore. The management commentary during an analyst call after the results hinted at a sustained demand for rooms in FY25.

The S&P 500 opened lower by 51.75 points, or 1.02%, at 5,019.88, while the Nasdaq Composite dropped 337.49 points, or 2.15%, to 15,375.26 at the opening bell.

Short covering refers to the buying of shares to close an existing short position or a position that has been sold. Short covering signals a shift in view on security from extreme bearishness to bullishness. In Thursday's trading session, five stocks saw top short covering. Here's the list:

Around six equity mutual funds have offered over 30% returns in the last five years. Around 186 equity mutual funds have completed five years in the market, according to the data by ACE MF. Here is the full list.

The record-breaking D-Street rally in recent years has resulted in investors entering the stock market in hordes. For instance, five stocks, NHPC, Indian Renewable, IRFC, Yes Bank, and HDFC Bank, collectively added 75 lakh investors during the quarter ending March 2024. NHPC led the pack with a substantial influx of 23 lakh new investors. Take a look (Source: ET | Capitaline)

Analysis of Nifty Put options indicates a concentration of Open Interest (OI) at the 22,500 level, suggesting potential support. On the Call side, significant OI concentrations are observed at the 22,900 and 23,000 levels, nearing all-time highs.

In its latest examination, ETMarkets focused on stocks where significant institutional investors, like MFs and FIIs, have been reducing their stakes. Among BSE-listed stocks with a market capitalisation exceeding Rs 1,000 crore, approximately six stocks saw a decline in MFs and FIIs ownership in each of the past three quarters (September 2023 to March 2024). Despite a consistent decrease in MFs’ and FIIs’ ownership, three out of the six stocks have shown good share price appreciation over the past year. (Data Source: ACE Equity).

Kotak Bank shares tumbled as much as 13% on Thursday after it was barred from adding new customers through its digital channels and from issuing fresh credit cards. As the largest shareholder with a stake of almost 26%, the billionaire founder bore the heaviest brunt from the selldown, the most in four years.

Axis Bank emerged as the primary driver of Thursday's market rally, soaring over 6% following robust quarterly earnings.

There are phases, when bulls don't make any distinction between large or mid or small cap stocks they just push everything up. At that time, it might appear that there is no point in making a distinction between these segments of the market. But the fact is that when bearish times come or even a correction comes, the first phase is led by decline in large caps but the price wise pain is felt more in mid and small caps. While given how things are panning out for the short term we might see a phase, where large well managed, strong balance sheets and strong brand companies might appear to be stocks, where there is lack of momentum in a raging bull market, hence they can be overlooked. Some of them might be facing challenges on the business side, but the fact remains that they have a track record of being able to deal with such challenges and coming out even stronger. So, don't dismiss them, just because of short term underperformance and bad narrative on the street

Inox Wind's shares soared 9.2% on Thursday, reaching a new 52-week high of Rs 658.5 on the BSE, following the board's approval of issuing bonus equity shares in a ratio of 3:1.

Inox Wind's shares soared 9.2% on Thursday, reaching a new 52-week high of Rs 658.5 on the BSE, following the board's approval of issuing bonus equity shares in a ratio of 3:1.

Axis Bank was the top contributor in today's market surge as it jumped over 6% on intraday basis after strong quarterly earnings show.

European stocks slipped on Thursday following mixed earnings from blue-chip companies such as Nestle and Deutsche Bank, while big M&A news in the mining sector powered Britain's FTSE 100 to fresh highs.

The central bank has asked Kotak to stop onboarding of new customers through online and mobile banking along with the issuance of new credit cards. This comes after RBI found "serious deficiencies and non-compliances" in certain areas of its operations. Here's what it means...

Revenue from operations also grew 23% from a year ago to Rs 4,020 crore and the real-estate developer also recorded its best-ever quarterly and annual pre-sales performance.

Just yesterday, there was a news report which suggested that the French government is planning to block the sale of a French generic drug maker and two Indian pharma companies were in fray to buy it. Now it might just appear to be another news, but probably it signals more than it. It is after years of being bogged down by US FDA and other issues of shrinking margins, The move indicates that at least some of them have reached a point where they can again think of inorganic growth to boost growth. There are others who instead of looking for expansion outside India, have been buying products and brands from MNC players. Then there is a third set of companies, which might not look at inorganic acquisition but only look for organic growth and enter new markets and segments. In all conditions, one thing is clear that the condition of the Indian pharma companies is much better than what it was 5 years ago. As the learning of the last decade and debacles get implemented, does it increase the probability of them getting re-rated on a sustained basis?

Investing is like navigating unpredictable waters. Lessons from navigating investments, personal experiences stress the importance of financial prudence, risk management, and foresight in ensuring a secure financial future.

Net profit for the forth quarter is likely to rise to 22% year-on-year (YoY), while net interest income (NII) for the same period is seen growing up to 30% year-on-year.