​​The index’s performance is also its second-best in the previous 10 years. Mid- and small-cap stocks were the top performers in the April-March period, while the financial year witnessed the resurgence of investment themes such as power, capital goods, and PSUs, which were mostly out of favour since 2008.

The Adani family has invested ₹6,661 crore in Ambuja Cements, increasing its stake to 66.7%. This marks the second fund infusion since late-2022, when ₹5,000 crore was invested through warrants. The total investment of ₹11,661 crore aims to enhance capital flexibility for growth and strategic initiatives. Adani Cement, comprising ACC and Ambuja Cements, targets a production capacity of 140 million tonnes by 2028. The funds will support capacity expansion, operational efficiency, and strategic initiatives, including resource optimization and supply chain enhancements.

According to BSE, 63 brokers participated in the shorter trade settlement process with 41 trading in 10 stocks. They placed a total of 329 orders which resulted in 90 trades, said the exchange in a release.

Nifty ended 0.9%, or 203 points, higher to close at 22,326 after jumping as much as 1.8%. The Sensex, which closed 0.90%, or 655 points, higher to close at 73,651, rose up to 1.6% earlier in the day. Both indices came close to hitting record highs. For the fiscal 2023-24, the Nifty was up 28.61% at the close of trade on Thursday. India's total market value surged by ₹133 lakh crore in FY24.

Godrej Agrovet invests Rs 25 crore in Godrej Cattle Genetics through rights issue, acquiring 7.37 lakh shares. The subsidiary focuses on agri-business, dairy farming, high-breed cattle, and cattle embryo, remaining wholly-owned.

In October, PTC India announced that the upstream firm ONGC had emerged as the successful bidder for acquiring 100 per cent stake in PTC Energy for an enterprise value of Rs 2,021 crore.

At current levels, the blue-chip Dow is less than 1% away from the 40,000-mark, a level it has never breached. The S&P 500 on track for its best first quarter performance since 2019. Data on Thursday showed the US economy grew faster than previously estimated in the fourth quarter

Sanlam Life Insurance sells shares in Shriram Finance and RateGain Travel Technologies, maintaining stability in promoter shareholdings. Shriram Finance offers vehicle credit solutions, and RateGain provides SaaS solutions for the travel industry.

Britain's stock markets should halve the time it takes to settle a share trade to stay competitive and complete this shift by the end of 2027, a report recommended on Thursday, a step the UK government has backed to play catch up with Wall Street.

Realty firm Macrotech Developers Ltd said it will raise Rs 125 crore through the issue of non-convertible debentures (NCDs). Macrotech Developers, which sells properties under Lodha brand, is one of the leading real estate developers in the country.

Private lender Karnataka Bank’s committee of directors on Thursday approved the allotment of shares worth Rs 600 crore at a price of Rs 227 apiece to qualified institutional investors.

Traditionally, Indian exchanges followed a T+2 settlement cycle, which was shortened to T+1 in January 2023. It started in a phased manner from January 2022.

Cloverdell Investment, an affiliate of Warburg Pincus, offloaded 15.9 crore shares at Rs 75.24/, according to bulk deals data on the BSE. On Thursday, the stock ended 3% lower on the BSE at Rs 75.39.

In the first collaboration between rival billionaires, Mukesh Ambani's Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh power project of Gautam Adani, and signed a pact to use the plants' 500 MW of electricity for captive use.

The Dow Jones Industrial Average rose 3.66 points, or 0.01%, at the open to 39,763.74.

Mining conglomerate Vedanta Ltd is on track for the demerger of its key businesses, including aluminium, into separate listed companies and allocation of debt across the demerged entities would be done in proportion to their assets, sources familiar with the matter said.

The biggest beneficiary is Trump, the company's largest shareholder, whose stake is worth more than $5 billion, on paper. No other shareholder comes close, according to regulatory filings, but many of Trump Media's executives have seen their net worth swell this week, in some cases by many millions of dollars.

Reasons for the shares’ dismal run this year — down 28% compared to a 10% advance in the S&P 500 Index — are many. However, the biggest cloud looming over the EV giant is the slowdown in the demand for electric vehicles, which is happening just as competition from legacy carmakers and Chinese rivals is heating up.

During an on-site inspection at Karvy Investor’s registered office in March last year, the regulator found inadequate infrastructure concerning office space, equipment, and manpower to effectively discharge the activities.

In the first collaboration between rival billionaires, Mukesh Ambani's Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh power project of Gautam Adani, and signed a pact to use the plants' 500 MW of electricity for captive use.

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

The near-term uptrend of the Nifty remains intact with high volatility. The next upside levels to be watched are around 22,500-22,600 in the next week. Immediate support is at 22,250-22,200 levels, said Nagaraj Shetti of HDFC Securities. Today’s session marks the end of the financial year 2023-24 for traders.

Here's a look at the stocks that would trade ex-dividend next week. (Source: Stockedge)

According to the filing, the Board of Directors, in its meeting held today -- Thursday, March 28, 2024 -- inter-alia has approved the borrowing programme of up to Rs 24,200 crore for FY 2024-25.

Late last week and early part of this week, the fall in the market was led by a few largecap IT stocks. The reasons, once again there are fears that as the Q4 earning season comes closer, large IT companies would be announcing lackluster results with no great guidance for FY 25. While the probability of that happening cannot be ruled out, the question is whether these all things have been built in the underperformance of the stocks. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

​An expected end to government subsidies to curb fuel bills will likely bump up Japan's inflation rate later this year, analysts say, complicating the central bank's efforts to communicate its intention to go slow in raising interest rates.

When a trader is expecting the stock prices to fall, she may sell the stock without owning it and buy at a lower price. A short build-up happens when a stock price moves downward and open interest on the counter increases.

The Wall Street giant’s chief global equity strategist warned clients on Wednesday that they could be “stuck on the wrong side” of the momentum trade when it eventually falters, and he encouraged them to consider diversifying their holdings and thinking about risk management in their portfolios. He also reiterated his warning that excessive crowding in the market’s best-performing stocks raises the risk of an imminent correction.

In the current fiscal year, ICICI Pru has garnered one of the largest net inflows of Rs 5,518 crore between April 2023 and February 2024 according to the Sebi data.

Prabhudas Liladher has upgraded VIP Industries to 'Buy' from 'Hold' rating for a target of Rs 603, which has been revised up from earlier Rs 589. Its upgrade is driven by a 30% correction over the last six months and the ensuing valuation comfort. According to Prabhudas, VIP traded at a 17% discount to its LPA history of the past 10 years.

If one was to look at the history of the sugar industry. Two things would stand out, their balance sheet was ridden with debt. Why it was ridden with debt because it is an industry where the policy and political interference was maximum. Second, the companies used to dread the time when elections were coming closer. The reason was simple, in order to please the vote bank, there would be announcements which would put pressure on the industry. The top most being the hike in the minimum support price (MSP) or fair remunerative price as it is called by this name also. It is essentially the minimum price at which sugar mills are supposed to buy sugar cane from farmers. But things have changed for the better in the last ten years and debt numbers and also stock prices are clearly showing that. There is no arbitrary change in policy around election time. The question is whether a better debt situation would lead to stronger re-rating this time?

Indian shares rose on Thursday, the final trading session of fiscal year 2024, as financials rose after the central bank eased recently tightened rules for lenders' investments in alternative investment funds (AIFs). Meanwhile, in today's trade, six stocks from the Nifty200 index hit a new 52-week high. Here's a list:

When it comes to volatility, there are four things that one needs to take into account. First, the magnitude of volatility, frequency of volatile movement, sectors that are leading it, and overall market breadth during a volatile phase. If one takes all of these into account, the nifty has been able to inch upward but the fact that market breadth is still not clear is the hurdle rate. There is a high probability that we might see more of it in the coming weeks. So, it would be better to stay prepared for volatility. One of the ways for that would be to stay with large caps, this does not mean they will not face the heat, but over the medium to long term they would be the first ones to bounce back and if one looks at what has happened in last two trading session, it is the largecap which is leading the rally. So, in times of volatility which has come due to valuation readjustment, it would be better to stick with large caps and that too companies where there are some tailwinds of either policy or restructuring of the company.

As the financial year comes to a close, midcaps emerged as investors' favourite hunting ground. Railway stocks and power stocks were the biggest gainers from the midcap space. Here are the top gainers of FY24 from the Nifty Midcap 150 index. Take a look: (Source: Prabhudas Lilladher)

Beating the benchmark by a wide margin, the Nifty Smallcap 250 index has given a staggering 63% returns in this financial year. Thanks to their stupendous run, the total market capitalization of all the listed companies on BSE soared by Rs 125 lakh crore in a year.

The Reserve Bank's December circular prohibiting regulated entities such as NBFCs from investing in AIFs having downstream investments either directly or indirectly in a debtor company of the entities had stressed investors. The rules also required entities to liquidate their investment within 30 days from the date of downstream investment or make 100% provision.

As per the BSE holiday calendar, trading holidays have been announced for 14 days in 2024. Previously the stock markets were closed on January 26 for Republic Day, March 8 for Shivratri and March 25 for Holi.

The Reserve Bank's December circular prohibiting regulated entities such as NBFCs from investing in AIFs having downstream investments either directly or indirectly in a debtor company of the entities had stressed investors. The rules also required entities to liquidate their investment within 30 days from the date of downstream investment or make 100% provision.

The value pertains to the total lock-up opening shares and it is important to note that not all of these shares will come for sale as a sizable portion of these shares are also held by promoters and groups.

Short-term traders can look to buy JSW Steel stock now for a possible target of Rs 860-880 in the next 1-2 months, suggest experts.

When it comes to volatility, there are four things that one needs to take into account. First, the magnitude of volatility, frequency of volatile movement, sectors that are leading it, and overall market breadth during a volatile phase. If one takes all of these into account, the nifty has been able to inch upward but the fact that market breadth is still not clear is the hurdle rate. There is a high probability that we might see more of it in the coming weeks. So, it would be better to stay prepared for volatility. One of the ways for that would be to stay with large caps, this does not mean they will not face the heat, but over the medium to long term they would be the first ones to bounce back and if one looks at what has happened in last two trading session, it is the largecap which is leading the rally. So, in times of volatility which has come due to valuation readjustment, it would be better to stick with large caps and that too companies where there are some tailwinds of either policy or restructuring of the company.

The combined m-cap of BSE Smallcap index of 1,000 stocks has grown by Rs 26 lakh crore to Rs 66 lakh crore now in this financial year. In the process, 252 stocks or every fourth stock in the smallcap index has given multibagger returns.

BHEL received the letter of award (LoA) for supply of equipment (boiler, turbine, generator) and supervision of erection and commissioning for a 2x800-MW power project based on supercritical technology at Raigarh Phase II, Chhattisgarh.

Nifty opened positive and grew stronger to end the day with gain.

Adani family's stake in Ambuja Cement now stands increased by 3.6% to 66.7%.

On Wednesday, thanks to one stock, Reliance industry, nifty was able to make a comeback. But what is more important is that market breadth, which has been under pressure for most of the sessions for the last three weeks, was in the green territory for most of the time. It is important to keep one eye on market breadth as that would be a more reliable indicator for deciding the strength and possible time frame for which the rally may last. Another thing which one should monitor closely is when the numbers of how much money has flown to mutual funds in the month of March which would get released in early April. This would be an indication of how much impact did AMFI advisory to mutual funds had on ground. Also, this would answer the question, whether this is another short term profit booking move or a beginning of a long phase correction and valuation adjustment.During this phase, analysts are bullish on select stocks from different sectors, some of which are either the leaders of their sector or part of the top three companies which are known to be well managed. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.

Zomato was the top performer from the new age technology pack, giving a staggering 258% return to investors in FY24. This was after a 38% correction witnessed in FY23.

From the Sensex stock, Bajaj Finance, Bajaj Finserv, ICICI Bank and Wipro opened with gains, while Maruti Suzuki, HCL Tech, Titan, Tech Mahindra, and Asian Paints opened with cuts.

From the Sensex stock, Bajaj Finance, Bajaj Finserv, ICICI Bank and Wipro opened with gains, while Maruti Suzuki, HCL Tech, Titan, Tech Mahindra, and Asian Paints opened with cuts.

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: