The NSE Nifty rose 223.45 points, or 1%, to close at 22,643.4 on Monday. The BSE Sensex rose 941.12 points, or 1.28%, to end at 74,671.28. "We think that the market is looking healthy," said Sandeep Raina, executive vice president, research, Nuvama Professional Clients Group. "The direction will be determined by the (corporate) results in the next 20-30 days."

Kotak is lending $150 million (₹1,250 crore) under a mezzanine debt facility to Prasad at 18-20% and arranging an additional $300 million from other lenders including Edelweiss Domestic Performing Credit Fund, two people close to the development said. The Edelweiss fund is lending the money, a senior debt facility, at 10-11%.

AM Mining India, a joint venture between ArcelorMittal and Nippon Steel, Oaktree Capital-backed India Opportunities XII Investments, and Nirma group-backed Nuvoco Vistas Corporation submitted expressions of interest (EoIs). Naveen Jindal group company called Jindal Panther Cement, and PN Group-promoted CN Infrabuild also gave separate EoIs.

NSE has to share the valuation report with Sebi and the company. Within two weeks of receiving the valuation report, Linde should place it before the audit committee and board of directors, the regulator said in an interim order.

Spandana Sphoorty reported consolidated net profit of Rs 122 crore for the quarter ended March 2024. The net interest income jumped 21% year-on-year.

At a time when overseas capital flows have been firm, foreign lenders have requested the banking regulator for flexibility in compliance with the central bank's Large Exposures Framework (LEF), particularly in handling certain types of accounts that facilitate global transactions.

Following the merger of HDFC and HDFC Bank on July 24 last year, HDFC Bank's market-cap was 82% higher than ICICI Bank. ICICI Bank was valued at ₹6.94 lakh crore then while HDFC Bank's market- cap stood at ₹12.66 lakh crore. On Monday, this gap was reduced to 41%, with HDFC valued at ₹11.49 lakh crore and ICICI Bank at ₹8.14 lakh crore.

BSE said on Friday that Sebi has directed the exchange to pay a regulatory fee based on annual turnover, taking into account the 'notional value' of the options contracts. BSE has been paying this fee considering the value of the options premium. The fee based on premium value is lower than that taking into account the notional value.

The consumer electronic stock moved in a narrow range after hitting a high of Rs 1,590 on March 2, 2024. It found support above 1,400 levels. Witnessing a breakout last week, the stock surpassed 1,600 levels. It rose over 9% in the past 5 trading sessions. The momentum helped it break out from the 200-point consolidation range on the daily charts. It closed at Rs 1,639 on April 26, 2024.

U.S. stocks closed higher on Friday, buoyed by moderate inflation data and a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft. Also offering support, Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East.

Following allotment of equity against the foreign currency convertible bond (FCCB) the outstanding principal value of FCCBs at Singapore Exchange has reduced to USD 204.690 million.

The developments came after Tesla Chief Executive Officer Elon Musk made an unannounced trip to China on Sunday, seeking approval for driver-assistance software that could help arrest the carmaker’s revenue decline. While the company’s suite of features require constant supervision and don’t make Teslas autonomous, the company charges $8,000 for them in the US, or $99 a month for a subscription.

​The Reserve Bank of India on Monday proposed a revised regulatory framework for Electronic Trading Platforms (ETPs) in the wake of increased integration of the onshore forex market with offshore markets.

The likely move comes on the back of a strong rally over the last one year. BHEL, JSW and NHPC have delivered multibagger returns of 239%, 135% and 110%, respectively. Zydus, Hero Moto, Samvardhana and Bosh have yielded between 85 and 48% returns during the period.

To facilitate ease of doing business, Sebi on Monday said certain changes in the private placement memorandum of alternative investment funds can be submitted directly to the regulator rather than through a merchant banker.

Capital markets regulator Sebi has given approval to ICRA's subsidiary Pragati Development Consulting Services Ltd (PDCSL) to provide environmental, social, and governance (ESG) ratings.

On the day, the board of directors will consider and approve the annual audited financial results on the standalone and consolidated basis for the year ended as on March 31, 2024. It is also expected to recommend the final dividend for the financial year 2023-24.

Domino's Pizza topped expectations for first-quarter sales and profit on Monday, as consumers in the United States tapped into offers through the pizza chain's loyalty program.

India's Tata Chemicals reported its first quarterly loss in nine years on Monday, hurt by a one-time charge incurred in its UK operations along with lower prices and demand of soda ash.

​The market capitalisation of BSE-listed companies soared to an all-time high of Rs 406.52 lakh crore on Monday thanks to a rally in equities where the BSE Sensex climbed over 1 per cent.

Indian benchmark equity indices closed higher on Monday as gains in ICICI Bank on better-than-expected quarterly profit spurred a rise in heavyweight financials. The S&P BSE Sensex closed 0.1.3% higher at 74,671, while the NSE Nifty50 index ended above the 22,600 level."The short-term uptrend of Nifty seems to have resumed after one day of weakness. The next upside levels to be watched are around 22,800-22,900. Immediate support is at 22,500," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here are 5 stock recommendations for Tuesday:

The Dow Jones Industrial Average rose 42.5 points, or 0.11%, at the open to 38,282.16.

The Sensex rose over 900 points while the Nifty50 closed with gains of over 200 points. Sectoraly, buying was seen in utilities, public sector and banks while realty stocks saw some selling pressure.

The company is well placed to benefit from any reduction in duty on hybrid vehicles and valuation multiple re-rating from possible listing for Hyundai Motor India.

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

Nifty's short-term uptrend seems to have resumed after one day of weakness. The next upside levels to be watched are around 22,800-22,900. Immediate support is at 22,500, said Nagaraj Shetti of HDFC Securities.

The resolutions passed will help Embassy REIT to fund the acquisition and will also help the REIT to optimize its balance sheet for future growth

As per the latest corporate shareholdings filed, Vijay Kedia publicly holds 17 stocks with a net worth of over Rs 1,664 crore. Here is a look at the stocks wherein he slashed his stake during the March quarter:

Long unwinding refers to selling of 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:

Domestic indices rose on Monday amid buying action in banks and easing crude oil prices and geopolitical tensions. Global markets also lent support to sentiments back home.

Domestic indices rose on Monday amid buying action in banks and easing crude oil prices and geopolitical tensions. Global markets also lent support to sentiments back home.

Based on the annual turnover considering notional value of option contracts, the total differential Sebi regulatory fees from FY 2006-07 to FY 2022-23 would be approximately Rs 68.64 crore plus GST, which includes interest of Rs 30.34 crore.

KPIT Technologies shares surged 7% to Rs 1,520 on BSE after reporting a 47.3% YoY profit growth in Q4FY24, reaching Rs 164.4 crore. Revenue rose to Rs 13,178 crore, a 29% increase from the previous year. EBITDA margin stood at 20.7%, up 160 bps YoY.

​The government is committed to offloading its stake in Vedanta group firm Hindustan Zinc through offer for sale (OFS) and will take the decision on this after testing the market, mines secretary V L Kantha Rao said on Monday. The government, the largest minority shareholder in Hindustan Zinc, owns a 29.54 per cent stake in the company.

When a stock price moves up and the open interest on the counter follows the same, it is taken as a sign of a long buildup.

Like every other agro commodity in the world, even the price of natural rubber has seen a spike in the last one year. But given the fact that if demand is growing at a fast pace, higher input cost can be easily passed on to the consumer. That is probably what the tyre industry is going through currently. Despite the fact that natural rubber prices have moved up still the companies have been able to deliver bottomline growth and expansion in margins in the last two quarters. The question is whether the lag effect of rising raw material prices impact the performance of Q4 and subsequent ones or if OEM and replacement demand continue to act as tailwinds?

According to the equity advisory firm, apart from a few exceptions the Nifty indices have often demonstrated an upward trajectory around elections. Despite the difficulties and volatility during the previous 30 years, Nifty has provided a CAGR return of 13% when examining market returns.

MCX received a letter from Sebi asking the exchange to pay regulatory fees on option basis notional turnover and not premium turnover. The market also instructed the exchange to pay the differential regulatory fee for past periods with an applicable interest of 15% per annum for every delayed month.

​​Shares of SBI Cards and Payment Services dropped 4% to the day’s low of Rs 718 on Monday after the company released its Q4 results on Friday wherein an 11% year-on-year (YoY) rise in profit after tax to Rs 662 crore for the quarter ended March 2024 was reported.

ICICI Bank, India's second-largest private lender, saw its market capitalization (m-cap) exceed the 8 lakh crore mark as its shares surged to a new 52-week high. The buying action also propelled Nifty Bank to a new record high.

Domestic indices rose on Monday amid buying action in banks and easing crude oil prices and geopolitical tensions. Global markets also lent support to sentiments back home.

The Government of Singapore (GoS) is a big FII player in Indian stocks. In their recent March quarter's shareholding report, they revealed their ownership in 60 BSE-listed companies, totaling about Rs 2,50,118 crore as of April 26, 2024. The disclosed list includes companies where the GoS has over a 1% ownership, but it might only cover some of their investments. According to ETMarkets analysis, their portfolio of 14 stocks experienced remarkable growth, with share price returns more than doubling in the past year. Furthermore, most of these stocks have given double-digit returns during the same period. We have highlighted the top seven stocks that have surged over 150% in the past year. (Data Source: ACE Equity)

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.

The company received a capital markets regulator nod in August last year. The IPO comprises fresh equity issue worth up to Rs 750 crore and offer for sale (OFS) of up to 2.93 crore equity shares by existing investors.

​European shares climbed to a two-week high on Monday, extending strong gains from last week, with investors awaiting economic data and the Federal Reserve's policy decision, while Deutsche Bank dropped on a provision for Postbank litigation.

In Q4FY24, Supreme Industries Profit After Tax (PAT) surged by 126 basis points to reach Rs 314.48 crore, compared to Rs 310.56 crore recorded in Q4FY23. Additionally, the company witnessed a 16% year-on-year growth in revenue for the quarter ended March 2024, with revenue standing at Rs 2,609.61 crore compared to Rs 2,248.28 crore in Q4FY23.

PSUs are given a status from Maharatna companies, Navratna companies, and Miniratna companies. Navratna companies can invest up to Rs 1,000 crore without prior government approval.

IRCON International secured a letter of award (LoA) from the National Highways & Infrastructure Development Corporation (NHIDCL) for the construction of a tunnel in Mizoram valued at Rs 630.66 crore.

After gaining 16-25% over the last month, shares of both Hindalco Industries and National Aluminium Co tested their lifetime highs on Friday. Shares of Vedanta, the country’s largest producer of the metal, have jumped nearly 48% in a month and are at their highest level in two years.

Pakistan's benchmark share index breached the key level of 73,000 to trade at a record high of 73,300 in early trade on Monday, according to data from the Pakistan Stock Exchange website.