The BSE Sensex was trading 351 points or 0.48% higher at 74,082. Nifty50 was trading at 22,504, up 84 points or 0.38% at around 9.21 am.

HCL Technologies shares dropped 6% after reporting Q4FY24 results. Various brokerages offered different perspectives, with targets ranging from Rs 1,300 to Rs 1,700. The company's performance and guidance for FY25 were key points of analysis.

BSE shares plummeted 19% on NSE as Sebi demanded a regulatory fee tied to annual turnover, considering notional value in options contract. It was the largest single-day decline since 2017. Jefferies downgraded BSE to Hold.

FIIs and mutual funds consistently increase stakes in 12 smallcap stocks for four quarters, yielding up to 203% returns. Notable stocks include Dixon Technologies, Electronics Mart India, and Welspun Corp.

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Biocon Ltd, in the pharma sector, witnessed a 40% decline from the December 2020 high but shows signs of a bullish trend. Traders are recommended to consider buying for target levels of 325-350. The daily Relative Strength Index (RSI) is at 65.0. RSI below 30 is oversold and above 70 is considered overbought, Trendlyne data showed.

Domestic markets ended the last week on a positive note even though FIIs were net sellers. Technically, analysts said the index struggled to maintain above the critical level of 22,500 and a dark cloud cover pattern emerged on the daily chart, signalling a potential bearish reversal. In this setup, here are 7 stocks that you can consider buying for robust returns in short term

The rise in PAT is attributed to income tax refunds (including interest on refund of Rs 118 crore) aggregating to the tune of Rs 247 crore received during the quarter.

The company's board of directors recommended an interim dividend of Rs 18 per equity share for the financial year 2024-25. Its record date has been fixed on May 7, 2024.

Mukesh Ambani’s Jio disrupted the market in 2016 with cheap 4G data services, sparking a price war that reshaped the sector into a near-duopoly dominated by Jio and Bharti. Average revenue per user plunged, burdening telecom operators with massive debts.

The BSE Sensex was trading 351 points or 0.48% higher at 74,082. Nifty50 was trading at 22,504, up 84 points or 0.38% at around 9.21 am.

Jefferies lowered its rating on BSE, while Morgan Stanley upheld an overweight rating on InterGlobe Aviation and Tech Mahindra. Additionally, Kotak Securities advised selling shares of Yes Bank.

The markets opened positive but gave up the gains to end with a loss.

Oil prices ticked down on expectations that higher-for-longer U.S. interest rates would dampen demand, while news of a potential Gaza ceasefire eased fears of supply constraints.

“JSW Steel stock has been trading within a wider range of 780 to 880 for the past 4 months. It is trading comfortably above its 200-day exponential moving average on daily charts. Traders can buy for a target of Rs 1040 in the next 6-7 weeks,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

Gupta has confirmed filing the suit under Section 245 of the Companies Act, stating that more than 100 investors have already consented to take legal action to halt the delisting process. He mentioned that more investors are joining each day to support the legal battle.

While these lenders were able to increase deposits at a faster clip during the quarter, the growth was accompanied by higher interest outgo, thereby contracting net interest margins (NIMs) year-on-year. The sample includes HDFC Bank, ICICI Bank, Axis Bank, IndusInd Bank and Yes Bank. Kotak Mahindra Bank is expected to declare quarterly numbers on May 4.

AU Small Finance Bank, the largest lender of the pack, has met all the eligibility criteria set by the regulator. AU has Rs 12,560 crore of net worth, made profits for the last two fiscals, and its gross and net non-performing assets were less than 3% and 1% respectively during the period as prescribed by RBI. It also has a well-diversified loan book as desired by the regulator.

"The RBI had given the dispensation on CRR maintenance in 2022 to at least one private bank which was facing some issues, but that dispensation does not exist anymore. Another factor is that there are issues with how the CRR maintenance data is reported. That is contributing to the shortfall and the RBI will rectify that issue," said one of the persons, who did not wish to be identified.

​​The last time the US central bank chair spoke, he signaled that policymakers were likely to keep borrowing costs high for longer than previously anticipated, pointing to the lack of further progress on bringing inflation down.

​Nifty is stuck in a broader trading range of 21,710- 22,775 for the last 10 weeks, but the major trend is bullish, and every small decline is being brought. In last two weeks it drifted to 21,777 but witnessed decent recovery towards 22,625 zones. It formed a small-bodied high-wave candle with long shadows on a weekly scale, which indicates volatile swings in a narrow trading band.

Minority shareholders of ICICI Securities led by Bengaluru-based investment manager Manu Rishi Guptha have filed a class action suit with National Company Law Tribunal (NCLT) against ICICI Bank's bid to delist its broking arm from the Indian bourses.

March 2024 quarter results reveal robust revenue and profit growth, particularly driven by banking and finance companies. Varied performance noted across different sectors, with expectations exceeded in some areas. ​In the coming weeks, as more companies from diverse sectors declare results, the dominance of select sectors and companies will reduce and trend in aggregate numbers will be clearer.

The currency in circulation has more than doubled from Rs 13.35 lakh crore in March 2017 to Rs 35.15 lakh crore in end March 2024. Significantly the currency in circulation has happened despite the central bank deciding to withdraw the Rs 2000 denomination banknotes from circulation from May 2023 which resulted in the central bank getting 97.83 percent of Rs 3.56 lakh crore worth notes back to the banking system.

JSW Steel broke out from Flag pattern & consolidation, with a target above 1000 levels. It faced resistance at 900 levels but rebounded. RSI at 65.9, MACD bullish, trading above moving averages. The daily Relative Strength Index (RSI) is placed at 65.9. RSI below 30 is oversold and above 70 is considered overbought, Trendlyne data showed. The daily MACD is above its center and signal Line, this is a bullish indicator.

March 2024 quarter results reveal robust revenue and profit growth, particularly driven by banking and finance companies. Varied performance noted across different sectors, with expectations exceeded in some areas. ​In the coming weeks, as more companies from diverse sectors declare results, the dominance of select sectors and companies will reduce and trend in aggregate numbers will be clearer.

Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy by the Reserve Bank, said an analysis.

India’s financial intelligence unit issues new alert indicators under PMLA for various sectors to combat money laundering and terrorism financing. Collaborations with regulatory bodies aim to strengthen monitoring, reporting, and analysis of suspicious transactions for law enforcement agencies. These new guidelines have been issued under the provisions of the Prevention of Money Laundering Act (PMLA) during the 2022-23 financial year and published in a recently released report that has been accessed by PTI.

Asset management firms are showing enthusiasm for special opportunities funds, with three such firms submitting draft papers with markets regulator Sebi to float schemes based on this theme recently.

When it comes to the word “ largecap” a large part of the street still associates it with stocks which form part of Nifty or others which remain in news very often. But there are not so well known largecap names which have outperformed the markets both in bearish and bullish phases. The only common thread is the track record of business going through both good and bad phases and still being able to stand out. As bulls make a comeback, these stocks may get more attention and when bears come they may be able to hold their ground better.

​Stocks that were in focus include names like Havells India which was up nearly 5% to hit a fresh high, Container Corporation of India closed with gains of more than 6% and ICICI Bank closed lower ahead of results. Here's a list of three stocks that either hit a fresh 52-week high, or an all-time high or saw a volume or a price breakout.

Retail is one sector where even the best of the names of the India Inc have failed to taste success. It is not only the story in India, but globally. An industry where survival rate is not very high and the worst part, even after staying in business for decades, suddenly they go down under. Most prominent one which went down after years of existence is the Future group of companies. The players who have managed to survive, should better be bought back on the watchlist as there may be another round of re-rating when Reliance retail goes public.

​The combined market valuation of six of the top-10 most valued firms increased Rs 1,30,734.57 crore last week, with State Bank of India and ICICI Bank emerging as the biggest gainers in line with an overall positive trend in equities.

Institutional investors grapple with non-linear markets, driven by earnings risk, high dispersion, and volatile interest rate outlook. Sector and stock rotation intensify post hot summer forecast, reflecting increased market participation amid erratic swings.

Indian benchmark indices were subdued on Friday as a slump in Bajaj Finance shares after a weak FY25 outlook dragged financials, outweighing gains in IT stocks. The S&P BSE Sensex closed 0.26% lower at 74,154, while the NSE Nifty50 index ended below the 22,550 level."The short-term trend of Nifty seems to have reversed down after a reasonable rise from the lows. Immediate support is placed at 22300 and the weakness below this support could trigger more declines ahead. Immediate resistance is at 22625 levels," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

A host of corporate actions scheduled this week will be on the investors' radar. While Elantas Beck India, 360 One Wam, and ABB India trade ex-dividend, Bhagiradha Chemicals will trade ex-split. Here's what investors need to watch out for.

Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.

​Rallies in the markets may not present a clear picture of certain key developments. This is the very nature of the markets. A little bit of digging helps reveal stories which may not be apparent in the broad sentiment which engulfs the markets.

Manu Rishi Guptha and minority shareholders have challenged ICICI Bank's delisting bid for ICICI Securities at NCLT. Shareholders had approved merger with ICICI Bank but Quantum MF has is also considering legal action against the bank. ICICI Securities has reported robust financials. According to the proposed delisting scheme, ICICI Securities shareholders are slated to receive 67 shares of ICICI Bank for every 100 shares held.

The government may need to reconsider the tax incentives offered to units in the International Financial Services Centre (IFSC) in Gujarat due to the impact of Pillar Two of the Base Erosion Profit Sharing framework, according to a Deloitte report. Pillar Two aims to ensure that large multinational companies pay a minimum effective rate of tax of 15% on profits in all countries. Units in IFSC may not have enough employees and assets to avail of the benefits, so they will need to evaluate the overall tax impact in India after the implementation of Pillar Two rules.

Nifty gained 2% weekly but declined Friday due to US inflation concerns, geopolitics, FIIs selling. Markets closed May 1 for Maharashtra Day. Key factors to watch include US Fed FOMC, Q4FY2024 earnings, and technical factors. "Going ahead, FII activity remains a key factor to watch especially considering their already low holdings in the Indian market."

Corporate reforms in Japan and South Korea will support a value thesis, according to JPMorgan Asset Management and AllianzGI. Meanwhile, M&G Investment Management is attracted by near record-low valuations for Chinese stocks. Other haven plays are exporters and India’s domestic-driven equities. The outlook is even dimmer for currencies and bonds.

It is never easy to find a good stock. Not for any other reason, but the fact of “ good stock” is an open ended term. For some consideration of calling something a “good stock” is largely how the price of the stock behaves in different market conditions. Like does it fall less in bearish markets and moves up faster in bullish markets. For some a stock which is available at cheaper valuations, could be a good stock. So, each to its own. But when it comes to business and management , there is only one thing “good business” and “ good management” which has no open ended interpretation. A business which generates good cash flows and has large market size to grow and for management a clean balance sheet and good corporate governance.

In March and February, FPIs were net buyers at Rs 35,098 crore and Rs 1,539 crore after selling shares worth Rs 25,744 crore in January. On the net basis, they are still buyers at Rs 4,589 crore, so far in this year.

While they have been in work for quite some time, yesterday, RBI released the guidelines for small finance banks to turn themselves into universal banks. While most of the guidelines are not something these banks cannot follow, but one where some of them would face issues but only for short term would be the NPA, as per guidelines, the gross NPA should be less than 3 % and Net NPA should be less than 1 % for the last two years. Now some of them are already meeting this criteria. So, they would like to become a universal bank and move into new areas. The winner would be one, who would be able to ensure that net interest margins are not hit that badly as they are bound when new business gets added. But surely this space would see some action sooner than later, in terms of some of them getting re-rated.

9 equity mutual fund categories that delivered over 20% return in last five years, let's take a look.

While they have been in work for quite some time, yesterday, RBI released the guidelines for small finance banks to turn themselves into universal banks. While most of the guidelines are not something these banks cannot follow, but one where some of them would face issues but only for short term would be the NPA, as per guidelines, the gross NPA should be less than 3 % and Net NPA should be less than 1 % for the last two years. Now some of them are already meeting this criteria. So, they would like to become a universal bank and move into new areas. The winner would be one, who would be able to ensure that net interest margins are not hit that badly as they are bound when new business gets added. But surely this space would see some action sooner than later, in terms of some of them getting re-rated.

In March and February, FPIs were net buyers at Rs 35,098 crore and Rs 1,539 crore after selling shares worth Rs 25,744 crore in January. On the net basis, they are still buyers at Rs 4,589 crore, so far in this year.

Once again everything is looking green, the way things have panned out in the last four weeks, it appears that in March bulls were on short term break due to tight liquidity conditions. While the local liquidity condition might improve, one thing which needs to be taken into account is that with every rise the issue of high valuation will come. It is still a time to be cautious in terms of not going overboard with taking exposure to a certain stock, selective about what one is buying. The reason, if the street becomes selective and gets into correction mode once again, it is stocks where there has been improvements in the business operating matrix will be able 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.

The persistence of mispricing opportunities in the stock markets challenges the notion that they are entirely rational and efficiently priced in all material information.