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.

Indian shares dropped on Thursday due to a slide in Larsen and Toubro (L&T) after its disappointing revenue outlook and amid persistently elevated volatility on jitters over the outcome of the ongoing national elections. However, in today's trading session, 4 largecap stocks from the Nifty200 index hit a new 52-week high. Here's the list:

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 PAT for the quarter ended March 2024 dropped 4% year-on-year (YoY) to Rs 13.55 crore against Rs 14.24 crore for the same period, a year ago while the revenue from operations stood at Rs 131.70 crore, up by approximately 10% from Rs 120 crore in Q4FY23.

Government-owned BoB told stock exchanges that the RBI, in a letter dated May 8, conveyed the decision to lift the restrictions on 'BoB World' with immediate effect.

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 Thursday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:

However, the near consensus in the market is that India’s superior growth and earnings potential for many years to come justifies higher valuations.

Jupiter Wagons shares surged up to 10% to a new 52-week high of Rs 448.85, buoyed by robust Q4 results with revenue, EBITDA, and PAT soaring by 57%, 60%, and 167% respectively YoY. Systematix raised target price to Rs 535, citing integration, margin improvement, and entry into e-LCV market.

Shares of TVS Motor Company surged nearly 6% on Thursday on BSE to the day’s high of Rs 2,121.30 as the company reported an 18% year-on-year (YoY) increase in standalone net profit to Rs 485.43 crore for the fourth quarter ended March 31, 2024.

Bajaj Consumer Care's shares plunged 8% on BSE as Q4 FY24 net profit declined 12% YoY. However, FY24 PAT increased by 11%. The company also approved a buyback proposal, offering a 11% premium over the closing price on NSE.

Muthoot Finance and Manappuram Finance shares dropped 8-9% on BSE following an RBI advisory on cash disbursal of loans. The RBI instructed NBFCs to comply with the Income Tax Act, limiting cash disbursement to Rs 20,000.

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 Thursday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:

Hero MotoCorp shares surged 6% after Q4 results, with net profit up 18% to Rs 1,016.05 crore. Brokerages remained positive: Jefferies expects double-digit industry revenue growth, maintains 'buy'; BofA sees potential in Hero 2.0 strategy, sets target price of Rs 5,400; Kotak retains 'sell' rating.

Brokerage firm CLSA reduced its target price to Rs 4,151 but maintained a buy call on the Nifty stock, Motilal Oswal reduced it to Rs 4,000 while Kotak Institutional Equities gave a sell call with a target price of Rs 3,000.

A host of brokerages have upgraded the target prices on several banking stocks in the last one month. As per Trendlyne data, these stocks saw up to 9 analysts' target price upgrades and can rally up to 30%. Here is a list:

After the fourth-quarter results, Jefferies upheld a buy rating for TVS Motor and Hero MotoCorp. Meanwhile, Citigroup suggested selling Bharat Forge but buying Voltas.

While the March quarter witnessed a marginal decrease in pledged promoter holding to 1.10%, down from 1.17% in December 2023, the percentage of promoters’ pledges holding of some companies went up as high as 69% as of March 2024, states a report by Kotak Institutional Securities.Top 10 companies that stand at highest pledged holdings by promoters as a percentage of their holding, compiled by Kotak Equities, are listed below:

A close above Rs 26,600 which also coincides with the 20-week moving average could add more momentum to the stock pushing it toward the Rs 30,000 mark. Short-term traders with high-risk profiles can look to buy Abbott India on dips for a target above Rs 30,000 in the next 4-6 weeks, suggest experts.

Nifty started negative but managed to get into the positive zone. It was pushed back but kept trying to maintain the advance. The index finally closed at the same level as the previous close.

After offloading financials worth over Rs 30,000 crore in January, nearly Rs 10,000 crore in February, FIIs were net buyers in the sector in March before pressing the sell button once again in April. Last month's selling was worth around Rs 9,300 crore.

L&T dropped nearly 5% in early trading due to lower margins in the core E&C segment and reduced revenues from its subsidiaries in Q4 results.​​

The Future & Options 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%.

Earnings growth was partly driven by a shift in the Easter holiday, which came during the first quarter this year versus the second quarter in 2023. Easter is a significant travel holiday.

For the current fiscal first quarter, Arm forecast revenue in a range between $875 million and $925 million, with a midpoint of $900 million, compared with an average analyst estimate of $857.5 million, according to LSEG data.

Later in the day, the Bank of England (BoE) will decide its interest rate policy, with all eyes on the prospects of a June rate cut following the overnight move by Sweden's Riksbank to cut rates, which underlined Europe's divergence from the U.S. Federal Reserve.

The fundraising takes TPG's total Asia assets under management to $35 billion, spread across "dedicated Asia-focused private equity, real estate, and secondaries," the Texas, U.S.-based company said.

The Dow Jones Industrial Average ended higher on Wednesday, stretching its winning streak to six straight sessions and closing above 39,000 points for the first time in five weeks, as investors kept betting on supportive U.S. monetary policy.

“On a daily chart, Navin Fluorine stock has consistently traded above its 100-day moving average, indicating a sustained positive trend. Traders can buy for a target of Rs 3650-3940 in the short term,” Kkunal V. Parar, Vice-President of Technical Research and Algo, Choice Broking, said.

Many resident Indians who bought SPAC shares haven’t disclosed such investments in ITRs. SPACs are established solely to raise capital through a pre-listing offering, aiming to acquire a stake in an existing, primarily unlisted, operating company. Subsequently, the target company can merge with the publicly traded SPAC, thereby becoming a listed entity on major stock exchange

The value had touched a high of 22% of total market capitalisation of listed firms in June 2009, dropping to a low of 5.1% in September 2020 before doubling since then, according to data from primeinfobase.com. Re-ratings amid large valuation discounts, high dividend yields, record cash flows and news of possible privatisation triggered a sharp rally in public sector companies over the last three years.

Government-owned BoB told stock exchanges that the RBI, in a letter dated May 8, conveyed the decision to lift the restrictions on 'BoB World' with immediate effect.

With over $ 1 billion or Rs 8,613 crore in FY24 revenue, Sonata generates over two-third of revenue from the domestic products licensing and related services and the remaining from the international IT services across verticals including travel, manufacturing, retail, healthcare, and banking, financial services and insurance.

The UPI payment ecosystem is currently under the sway of two major players – Google Pay, commanding a substantial 47% market share, and PhonePe, a Walmart subsidiary, holding a significant 37% share. This duopoly underscores the competitive landscape and the uphill battle faced by smaller players.

BSE will buy the S&P unit's 50% stake in the company. Though the size of the deal could not be ascertained, sources said the transaction is expected to be concluded in the first quarter of the current financial year.

Citigroup Global Markets Mauritius disposed of 19,04,25,000 shares of Vodafone Idea, as per BSE data. The shares were disposed of at an average price of 12.27 apiece, taking the transaction value to 233.65 crore.

"With competitive intensity reducing after the emergence of the new normal post-pandemic, we believe Indian organised diagnostics chains stand at the cusp of inflexion," said the firm's analysts Anshul Agrawal and Eshan Bhargava in a client note."

TVS Motor recorded its highest ever revenue and profit in FY2023-24 and the company achieved a milestone of over 40 lakh units in sales.

Navin Fluorine hit a high of Rs 4,922 on May 15, 2023, but failed to hold the momentum. It witnessed a price-wise correction, which took the stock towards 3,000 levels. It witnessed a swift rebound after making a low on March 14, 2024, which helped it climb above 100-DMA as well as 50-DMA on the daily charts. This suggests that bulls are trying to take control.

Jefferies downgraded its ratings on LTI Mindtree and Coforge to underperform on the back of rising uncertainty in their growth and margin outlooks.

FPIs sold shares worth ₹27,140 crore across 14 sectors in April 16-30 period. Other than financials, information technology (IT), fast- moving consumer goods (FMCG) and oil & gas sectors were among the sectors that witnessed large outflows.

That dampened optimism spurred by a positive earnings season and softer-than-expected labor market data that had tempered concerns about the Federal Reserve keeping interest rates higher for longer.

Consolidated revenue for the quarter stood at Rs 67,079 crore, up 15% on a year-on-year basis. The share of international revenues during the quarter was 45%. CFO said order inflows in Q1 and Q2 of FY25 will be muted.

The Toronto-listed shares hit their lowest in six months and the company was on track to lose C$25 billion ($18.21 billion) in market value as the dour outlook overshadowed a first-quarter beat.

Benchmark Sensex slipped 45 points in highly volatile trade on Wednesday due to selling in private bank and IT shares amid weak Asian markets and continuous foreign fund outflows. Declining for the second straight session, the 30-share BSE Sensex fell 0.06% to settle at 73,466. The NSE Nifty remained unchanged at 22,302.50."The short-term trend remains weak, but the market is showing signs of higher bottom formation around 22,200 levels. Confirmation of reversal from here could open short-term upside bounce in the market. Immediate support is at 22,200 levels and the next overhead resistance is at 22,500 levels," said Nagaraj Shetti, senior technical research analyst at HDFC Securities.Here are the 5 stock recommendations for Thursday:

With over $ 1 billion or Rs 8,613 crore in FY24 revenue, Sonata generates over two-third of revenue from the domestic products licensing and related services and the remaining from the international IT services across verticals including travel, manufacturing, retail, healthcare, and banking, financial services and insurance.

Consolidated total income in the fourth quarter stood at Rs 567.47 crore as against Rs 561.96 crore in the year-ago period, it added.

Here are stocks that have been seeing the most movement and gains in the Nifty Next 50 index. According to Prabhudas Lilladher, these emerging giants hold immense potential. Take a look: