Asked whether officials might raise interest rates again, he said he thought they probably would not -- but he also avoided fully ruling out the possibility. And when asked, twice, whether he thought rates were high enough to bring inflation fully under control, he twice tiptoed around the question.

Stocks that were in focus include names like IRB Infra, which fell 3%, IGL, which was down 2.48%, and Dr Reddy's, whose shares declined 2.8% on Wednesday.

"With consumption stocks in action and momentum, focus is on ITC which is steadily making a base for a fresh leg of rally. Traders can buy for a target of Rs 465 in the next 3-4 weeks," Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

State-run BPCL on Thursday posted a 35% drop in its standalone net profit at Rs 4,224 crore in the fourth quarter, compared with Rs 6,478 crore in the last year period.

The selloff resulted in markets shedding ₹7.5 lakh crore in market capitalisation. Growing chatter on social media and betting trends in the unofficial satta bazaar suggesting that the BJP numbers could be lower than anticipated has made investors nervous.

The company is in the final leg of getting all the regulatory approvals from the US for the fundraise. The lender's marginal cost of borrowing for the funds raised during the quarter to March 31, 2024 was 8.7%. The average cost of borrowing for FY24 was 8.2%, up 80 basis points year-on-year.

"The regulation is expected to slightly reduce the competitive advantage of NBFCs against banks and the likelihood of some share of gold loan customers shifting to the unorganised segment can't be ruled out," said Shweta Daptardar, VP- institutional equity research, Elara Securities. "The share prices have already reacted today, so the downside is expected to be limited."

"The proposal will help in increasing the liquidity of privately placed InvIT units by allowing a broader base of investors to participate in the market and promote diversification of investment portfolios, enabling investors to better manage risk," Sebi said in a discussion paper on Thursday.

Intercontinental Exchange is currently valued at $77 billion while CME Group is valued at $76 billion. London Stock Exchange, Hong Kong Exchanges and Deutsche Boerse AG are valued between $38 billion and $60 billion.

To enhance operational efficiency and reduce the risk to clients' securities, markets regulator Sebi on Thursday proposed making the process of direct payout of such securities to the client's account mandatory.

A rising clout of the local funds augurs well for the Indian stock market since it helps in reducing the impact of the selling pressure by FPIs in times of global economic and geopolitical uncertainties. The DII share in the total institutional equities AUM of Rs 179 lakh crore rose by 172 basis points to a record 37.2%.

ITC hit a high of Rs 499 on July 24, 2023, but failed to hold the momentum. 200-DMA on the daily charts is likely to act as a stiff resistance. A close above the same is expected to take the stock towards 465 levels in 3-4 weeks.

To enhance operational efficiency and reduce the risk to clients' securities, markets regulator Sebi on Thursday proposed making the process of direct payout of such securities to the client's account mandatory.

​​According to the scrutiniser report of the extraordinary general meeting (EGM) held on May 8, all special resolutions have been approved by the majority of the shareholders, with a minuscule percentage of voters opposing them.

The Kolkata-based lender is now targeting to grow home loan business along with other retail loans while reducing the share of micro loans, which has been a major stress point for it since Covid-19. The bank had a stress pool of Rs 7,500 crore, largely from the microfinance portfolio built through the joint liability group-based lending model.

The company is in the final leg of getting all the regulatory approvals from the US for the fundraise. The lender's marginal cost of borrowing for the funds raised during the quarter to March 31, 2024 was 8.7%. The average cost of borrowing for FY24 was 8.2%, up 80 basis points year-on-year.

Investors' wealth on Thursday eroded by Rs 7.34 lakh crore as markets took a heavy beating, with the BSE Sensex tumbling 1,062.22 points. Declining for the third day running, the 30-share BSE benchmark dropped 1.45% to settle at 72,404.17. The broader Nifty50 shed 370 points and slipped below the 22,000 mark."Nifty has been in a larger range movement of around 22,800-21,750 levels in the last couple of months and is currently nearing a lower range and also crucial support around 21,750 levels for the short term. Having bounced back decently from this support in the past, there is a higher probability of a minor upside bounce from this lower support in the coming sessions. Immediate resistance is at 22100 levels," said Nagaraj Shetti, senior technical research analyst at HDFC Securities.Here are 5 stock recommendations for Friday:

FY24 net profit highest at Rs 26,674 crore. Company issues 1:1 bonus; declares dividend of Rs 21 per share. Revenue from operations declined 5% from Rs 5.06 lakh crore to Rs 5.33 lakh crore

The Dow Jones Industrial Average was up 189 points, or 0.5%, as of 11 a.m. Eastern time, and the Nasdaq composite was 0.2% higher.

Markets regulator Sebi on Thursday proposed to drastically reduce the trading lot size of privately placed infrastructure investment trusts (InvITs) to Rs 25 lakh in a bid to boost investors' participation and increase liquidity of such investment vehicles.

Sunil Bharti Mittal-promoted Bharti Enterprises on Thursday offloaded shares of ICICI Lombard General Insurance Company for Rs 663 crore through open market transactions.

Airbnb shares tumbled more than 6% in early trading on Thursday after weak forecasts for the second quarter stoked investor fears about slowing growth at the vacation rental firm and took the shine off a strong quarterly profit beat.

Shares of Arm Holdings fell 6% on Thursday as the chip designer's downbeat annual revenue forecast cooled some of the enthusiasm around the stock following its AI-powered jump in recent months.

To promote ease of doing business for issuance of non-convertible securities, Sebi on Thursday proposed removing the requirement to disclose the PAN and personal address of issuers' promoters in the offer document along with other relaxations in disclosure guidelines.

The Dow Jones Industrial Average rose 7.9 points, or 0.02%, at the open to 39064.27.

A rising clout of the local funds augurs well for the Indian stock market since it helps in reducing the impact of the selling pressure by FPIs in times of global economic and geopolitical uncertainties. The DII share in the total institutional equities AUM of Rs 179 lakh crore rose by 172 basis points to a record 37.2%.

The company’s international expansion will be gradual given that the aircraft delivery is expected in 2027. A critical question is whether the airline will be able to retain the advantage of a low-cost carrier once it expands in international markets, which would increase its operating costs.

To enhance operational efficiency and reduce the risk to clients' securities, markets regulator Sebi on Thursday proposed making the process of direct payout of such securities to the client's account mandatory.

Nifty has been in a larger range movement of around 22,800-21,750 levels in the last couple of months, and is currently nearing a lower range and also a crucial support around 21,750 levels for the short term.

Britain's FTSE 100 scaled a record high on Thursday after the Bank of England kept interest rates unchanged but investors cheered increasing indications that more policymakers are warming up to cutting borrowing costs soon.

The BoE said on Thursday its Monetary Policy Committee voted 7-2 to keep rates at a 16-year high of 5.25% after Deputy Governor Dave Ramsden joined Swati Dhingra in voting for a cut to 5%. The MPC has now kept rates on hold at six meetings in a row but it hinted that a first cut since March 2020 at the onset of the COVID-19 pandemic could come as soon as its next meeting in June, a potential boost for Prime Minister Rishi Sunak.

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, five stocks witnessed a top long unwinding. Here's the list:

The domestic tractor sector saw a decline in volumes in the quarter, as agricultural income was hit by patchy monsoon rains and falling reservoir levels, analysts said.

The market capitalisation of BSE-listed companies slipped below the Rs 400 lakh crore mark to Rs 393.73 lakh crore. Q4 earnings and election uncertainty have dented the Street sentiments. The volatility index India VIX also spiked 6.5% to 18.20 levels, gaining for an eleventh straight session.

The BoE said on Thursday its Monetary Policy Committee voted 7-2 to keep rates at a 16-year high of 5.25% after Deputy Governor Dave Ramsden joined Swati Dhingra in voting for a cut to 5%. The MPC has now kept rates on hold at six meetings in a row but it hinted that a first cut since March 2020 at the onset of the COVID-19 pandemic could come as soon as its next meeting in June, a potential boost for Prime Minister Rishi Sunak.

The market capitalisation of BSE-listed companies slipped below the Rs 400 lakh crore mark to Rs 393.73 lakh crore.

BSE shares dipped 3.3% to Rs 2,726 on NSE as Q4 profit was affected by SEBI regulatory fee provision. Consolidated net profit rose marginally to Rs 106.9 crore despite the provision.

The so-called fear gauge has jumped as much as 88% from a low in April amid speculation that Prime Minister Narendra Modi’s party may win fewer seats than initially expected.

The market capitalisation of BSE-listed companies slipped below the Rs 400 lakh crore mark to Rs 395.65 lakh crore. The volatility index India VIX also spiked 5% to 17.85 levels.

The stock, which stooped to a new all-time low of Rs 310 on Wednesday, witnessed a reversal on Thursday amid strong volumes with over 88 lakh shares getting traded on the NSE around 12:20 pm.

Tata Motors Q4 Results Preview: The profit after tax (PAT) is seen in the range of Rs 7,438 crore and Rs 8,350 crore while the revenue is expected to stay between Rs 1,05,932.40 crore and Rs 1,21,606.80 crore, the estimates revealed.

The market capitalisation of BSE-listed companies slipped below the Rs 400 lakh crore mark to Rs 395.65 lakh crore. The volatility index India VIX also spiked 5% to 17.85 levels.

PNB Q4 Results: Interest income grew to Rs 28,113 crore during the period under review, from Rs 23,849 crore in the corresponding quarter a year ago.

Nomura initiates coverage on HAL and BEL with 'buy' ratings, setting target prices at Rs 4,750 and Rs 300 respectively. HAL favored for aircraft expertise, while BEL for order visibility and margin potential.

The market capitalisation of BSE-listed companies slipped below the Rs 400 lakh crore mark to Rs 395.65 lakh crore. The volatility index India VIX also spiked 5% to 17.85 levels.

The market capitalisation of BSE-listed companies slipped below the Rs 400 lakh crore mark to Rs 395.65 lakh crore. The volatility index India VIX also spiked 5% to 17.85 levels.

Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

Fitch said its IDR ratings reflect expectation of a moderate probability of extraordinary state support from the government relative to large state banks.

In the last few days bears are not making any distinction between large or mid or small cap stocks they just crush everything, it might appear that there is no point in making a distinction between these segments of the market. But the fact is that periods like this are a reminder of many basic things which one should remember before taking any investment decision in equity. First and foremost, after buying a stock you will own a business and what business you own is more important than what is happening to nifty or any other indices. Second, if you are a real long term investor then short term corrections should not bother you as they have come in the past and they will come in future also. What one should look for is whether the underlying business is witnessing any change or not and whether that change is positive or negative for the business. Last but not the least, do your homework before investing and not after investing.