Among the constituents of the Sensex, HUL, ITC, Nestle India, Titan, and Wipro commenced the session on a positive note, whereas HCL Tech, Power Grid, JSW Steel, Tata Motors, and M&M started with losses.

Expectations for rate cuts by the U.S. central bank have been tempered as the year has progressed, as inflation has proven stickier, and some investors had begun to worry they might not materialize at all, sending markets lower in April.

Demand will be tested at a $58 billion three-year note auction on Tuesday, which is followed by $42 billion in 10-year sales on Wednesday and $25 billion of 30-year sales on Thursday.

The proposed stricter lending criteria, with additional provisioning, are aimed at preventing accounting shocks but could potentially hurt balance sheets of these entities and exert pressure on their valuation multiples, analysts and economists said.

“IGL stock has been consolidating in a triangle pattern for nearly 3 years now and is currently trading closer to the upper band of the same. Traders can buy for a target of Rs 510 in the next 1-2 months,” Ajit Mishra, SVP - Research, Religare Broking Ltd, said.

ITC's hotel business will not have any board representation from its largest shareholder, BAT, according to a demerger document. BAT will own 15.32% in ITC Hotels as foreign direct investment, making it the largest public shareholder after ITC's promoter holding of 39.93%. BAT's chief executive Tadeu Marroco stated last December that ITC's hotel business was not an area of interest for the British tobacco maker.

The sale is the Chennai-based bank's attempt to explore other avenues for recovery when cases in the National Company Law Tribunal (NCLT) are delayed beyond any timeline, IOB executive director Joydeep Dutta Roy said.

Pharma company Lupin on Monday reported 52% year-on-year growth in its consolidated net profit at Rs 368 crore for the quarter ended March 2024.

The Reserve Bank of India (RBI) is working to increase the acceptance of the Central Bank Digital Currency (CBDC) for retail transactions, despite the high number of transactions reaching 1 million per day. The RBI is focusing on making the digital currency transferable offline, introducing programmability features, and promoting financial inclusion. The central bank is also addressing concerns about the CBDC's potential to pose a risk to banks' business models.

The brokerage said Deepak Nitrite is in the midst of its largest investment cycle, transitioning into India's largest, integrated phenolics producer.

Analysts said despite the short-term challenges, the bank's valuations are attractive compared to its peers given its sector-leading metrics on key parameters. Regulatory relief and top management stability will be key catalysts in the near term.

"Aggressive store expansion by existing players and entry of new player (e.g., Novel Jewels by Aditya Birla Group will invest ₹5,000 cr) may keep competitive intensity elevated," said Citi's analysts in a client note.

CDSL added 85 lakh new accounts in the December 2023 quarter, 80 lakh in the September quarter, and 52 lakh in the March 2023 quarter, the depository said in an exchange filing.

Indraprastha Gas corrected from highs above 600 levels, may break out from a Triangle pattern with a close above 460-470 levels. Short-term traders can monitor for a move towards 500 levels.

Prudential measures like risk weights and loan-to-value adjustments, along with interest rates, will be more effective in repayments of loans. This will also help in housing credit growth and controlling the asset quality of banks' home loan portfolios, it shows.

The domestic funds invested net Rs 32,823 crore in April 2024 taking the total investment in the current calendar year to Rs 1.2 lakh crore, which was about 68% of the total investment in the previous year.

The Dow Jones Industrial Average rose 86.8 points, or 0.22%, at the open to 38762.43. The S&P 500 rose 14.6 points, or 0.29%, at the open to 5142.42​, while the Nasdaq Composite rose 52.2 points, or 0.32%, to 16208.537 at the opening bell.

Indian shares closed flat amidst volatile trading on Monday, with declines in state-owned lenders offsetting gains in IT stocks fueled by growing expectations of US rate cuts. The S&P BSE Sensex closed 0.02% higher at 73,895, while the NSE Nifty50 index ended below 22,450 level."The Index has formed a small red candle but on the downside, the zone of 22,330-22,380 will act as a strong support while the higher side seems to be capped at 22,580," said Aditya Gaggar, Director of Progressive Shares.Here are 5 stock recommendations for Tuesday:

Infosys, TCS and HCL Tech remain top picks of brokerage firm Kotak Institutional Equities followed by Cyient in the mid-tier segment amid an extended outlook for weak demand and macro uncertainty in the IT sector.

The Dow Jones Industrial Average rose 86.8 points, or 0.22%, at the open to 38762.43. The S&P 500 rose 14.6 points, or 0.29%, at the open to 5142.42​, while the Nasdaq Composite rose 52.2 points, or 0.32%, to 16208.537 at the opening bell.

On Friday, CDSL announced its March quarter earnings where it reported a 52% increase in annual profit after tax (PAT), and a 105% increase in quarterly PAT. ​The total standalone income reported by the company for FY24 stood at 743 crore, which was a 37% YoY jump. On the consolidated basis, the total revenue stood at Rs 907 crore which was 46% higher than what it reported in the yea

State-run Hindustan Petroleum Corporation (HPCL) on Monday said that its board of directors could consider a proposal for a recommendation of bonus equity shares along with the fixation of record date on May 9, Thursday when the members meet to approve the company's financial results for the quarter ended March 31, 2024.

Nifty on Monday ended 33 points lower to form an Inside Bar pattern on the daily chart with the India VIX recording a surge of over 13%.

The share of FIIs was down by 51 bps quarter-on-quarter (QoQ), resulting in the gap between FII and DII holdings narrowing further to an all-time low in this quarter. The DII holding is now just 9.23% lower than the FII holding.

Indian markets closed mixed on Monday tracking the muted trend seen in other Asian markets. The S&P BSE Sensex rose while the Nifty50 closed 33 points lower.

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

Regulations governing recycling and reuse of plastic packaging may hurt consumer plays such as Britannia Industries, Colgate Palmolive India and Nestle India while benefiting ITC, Ganesha Ecosphere, EPL, and Uflex, according to Kotak Institutional equities.

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 Monday's trading session, five stocks saw top short covering. Here's the list:

RBI's nuanced approach in FY 2024-2025 balances growth, inflation, and stability. Expect cautious yet proactive policy rates. Strategic reserves, global index inclusion, and fiscal discipline shape India's economic landscape.

Among the constituents of the Sensex, Kotak Bank, TCS, HUL, M&M, and Sun Pharma finished in positive territory, whereas Titan, SBI, NTPC, Power Grid, and Bajaj Finance closed with losses.

The domestic funds invested net Rs 32,823 crore in April 2024 taking the total investment in the current calendar year to Rs 1.2 lakh crore, which was about 68% of the total investment in the previous year.

Ajanta Pharma has fixed May 30 as the record date for its buyback of 0.82% of the aggregate paid-up share capital of the company at Rs 2,770 per share. The pharma stock was trading at Rs 2,399.55, up 1% on BSE around 1:30 pm on Monday.

Shares of Avenue Supermarts traded lackluster after a 22% year-on-year (YoY) jump in its March quarter net profit failed to impress Dalal Street investors.

Trendlyne data shows the top sectoral preferences of India's top stock market investors like Ashish Kacholia, Sunil Singhania, and Vijay Kedia, among others.

A Saudi delegation arrived in Pakistan on Sunday for talks on trade and investment opportunities, particularly in the exploration and production sectors.

Indian shares inched higher in choppy trading on Monday, as a drop in the state-owned lenders limited gains from the country's information technology stocks on rising hopes of U.S. rate cuts. Meanwhile, in today's trading session, six large and midcap stocks from the Nifty200 index hit a new 52-week high. Here's the list:

Shares of PSU financers PFC, REC, and IREDA tumbled up to 12% today as RBI raised provisioning requirements during the construction phase of projects from 0.4% to 5.0%. CLSA mentioned that while it doesn't anticipate an impact on the profit and loss account of PFC and REC, it could affect capital adequacy.

​​European shares climbed on Monday, with investor optimism over interest rate cuts globally back to the fore, while Spanish defence and technology firm Indra jumped following a strong first-quarter profit.

Godrej Properties shares surged 9.7% to a record high of Rs 2,816.90 on BSE. Brokerages raised target prices after a 14% YoY increase in consolidated net profit to Rs 471 crore for Q1 2024. The company achieved its highest-ever quarterly sales, with booking value at Rs 9,519 crore.

Investors in financial markets closely monitor the investment portfolios of well-known individuals. In this context, ETMarkets has analysed the investment positions of renowned investor Vijay Kedia. According to the latest data from the March quarter, Kedia has publicly disclosed stakes in approximately 17 companies, totaling around Rs 1,623 crore as of May 03. These holdings include companies where Kedia holds a stake exceeding 1%.

For the full financial year the revenue stood at Rs 555.23 crore recording a 30% YoY jump while the net profit was at Rs 82.13 crore which was a 103% growth.

Over the years, there has been some change in how the street looks at IT stocks, but somehow, still there is a perception that large cap companies like TCS, Infy and Wipro, are the ones which give all the indication of what is happening in the IT space. But the reality has been very different. Especially in the last five years, since the time ML and cloud and other speciality segments have come in the software segment. There have been smaller companies which operate in specialized areas who have been able to show much stronger growth at a time when Infy and Wipro’s of the world are under pressure in terms of growth.

It is after a long period of time that on Friday bears are visible in both segments of market, in the broader market like indices like Nifty and Sensex, but also in the broader market breadth. There is no major follow up in today's trading session, but given the fact valuations are expensive it would be better to still be cautious. In such times, stocks where there are some improvements in the business operating matrix that tend to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

For the year ended March 31, 2024, the consolidated revenue stood at Rs 16,546 crore up by 3.5% over the previous year and the operating profit stood at Rs 2,869 crore growing by 10.1%, which was 17.3% of the sales.

PSU bank stocks, including Canara Bank, Punjab National Bank, and Bank of Baroda, plunged up to 6% due to RBI's draft circular proposing stricter project financing guidelines.

Tata Tech reported its quarterly earnings for the second time on 3rd May wherein their net profit stood at Rs 157.24 crore for the quarter ended March 2024, which was down 27% on a year-on-year basis while the consolidated revenue from operations for the reported quarter stood at Rs 1,301.05 crore, lower by 7.22% YoY.

On Monday, shares of One 97 Communications, the parent company of Paytm, experienced a 5% decline, reaching a day's low of Rs 351.70. This drop followed the company's disclosure to the exchanges regarding the resignation of Bhavesh Gupta, who served as the Chief Operating Officer (COO) and President of Paytm.

The bluechip Nifty50 fell 0.8% and the S&P BSE Sensex dropped 1% on Friday, dragged by IT stocks. However, the benchmarks added about 0.25% each last week, their second consecutive week-rise. Meanwhile, numerous analysts have provided their technical perspectives on several stocks, identifying potential gains of up to 23% in the near term. Here's a compilation of 6 tech picks:

Titan's shares plummeted by nearly 7% as it reported a 7% YoY increase in standalone net profit at Rs 786 crore. Despite a 17% YoY growth in net sales to Rs 10,047 crore and a dividend recommendation of Rs 11 per share for FY24, EBIT margins dipped.

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