The market capitalisation of BSE-listed companies jumped to a lifetime peak of Rs 404.18 lakh crore on Thursday helped by a five-day rally in benchmark indices, making investors richer by Rs 11.29 lakh crore.

SBI shares had been in a consolidation zone of Rs 720-790 for almost two months now and on Thursday it gave a channel breakout with good volumes. With the Daily Relative Strength Index (RSI) on the verge of entering an extremely bullish zone, this stock can touch the Rs 850-860 zone in the short term.

Shares of Meta Platforms sank 13% on Thursday, sparking a selloff in big technology stocks after the social media firm signaled its costly bet on AI could take years to pay off.

The S&P 500 opened lower by 51.75 points, or 1.02%, at 5,019.88, while the Nasdaq Composite dropped 337.49 points, or 2.15%, to 15,375.26 at the opening bell.

In the March 2024 quarter, the company's revenue grew by 17.2% year-on-year to Rs1,905 crore. Net profit jumped by 29.4% to Rs438 crore. The management commentary during an analyst call after the results hinted at a sustained demand for rooms in FY25.

The S&P 500 opened lower by 51.75 points, or 1.02%, at 5,019.88, while the Nasdaq Composite dropped 337.49 points, or 2.15%, to 15,375.26 at the opening bell.

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

Around six equity mutual funds have offered over 30% returns in the last five years. Around 186 equity mutual funds have completed five years in the market, according to the data by ACE MF. Here is the full list.

The record-breaking D-Street rally in recent years has resulted in investors entering the stock market in hordes. For instance, five stocks, NHPC, Indian Renewable, IRFC, Yes Bank, and HDFC Bank, collectively added 75 lakh investors during the quarter ending March 2024. NHPC led the pack with a substantial influx of 23 lakh new investors. Take a look (Source: ET | Capitaline)

Analysis of Nifty Put options indicates a concentration of Open Interest (OI) at the 22,500 level, suggesting potential support. On the Call side, significant OI concentrations are observed at the 22,900 and 23,000 levels, nearing all-time highs.

In its latest examination, ETMarkets focused on stocks where significant institutional investors, like MFs and FIIs, have been reducing their stakes. Among BSE-listed stocks with a market capitalisation exceeding Rs 1,000 crore, approximately six stocks saw a decline in MFs and FIIs ownership in each of the past three quarters (September 2023 to March 2024). Despite a consistent decrease in MFs’ and FIIs’ ownership, three out of the six stocks have shown good share price appreciation over the past year. (Data Source: ACE Equity).

Kotak Bank shares tumbled as much as 13% on Thursday after it was barred from adding new customers through its digital channels and from issuing fresh credit cards. As the largest shareholder with a stake of almost 26%, the billionaire founder bore the heaviest brunt from the selldown, the most in four years.

Axis Bank emerged as the primary driver of Thursday's market rally, soaring over 6% following robust quarterly earnings.

There are phases, when bulls don't make any distinction between large or mid or small cap stocks they just push everything up. At that time, it might appear that there is no point in making a distinction between these segments of the market. But the fact is that when bearish times come or even a correction comes, the first phase is led by decline in large caps but the price wise pain is felt more in mid and small caps. While given how things are panning out for the short term we might see a phase, where large well managed, strong balance sheets and strong brand companies might appear to be stocks, where there is lack of momentum in a raging bull market, hence they can be overlooked. Some of them might be facing challenges on the business side, but the fact remains that they have a track record of being able to deal with such challenges and coming out even stronger. So, don't dismiss them, just because of short term underperformance and bad narrative on the street

Inox Wind's shares soared 9.2% on Thursday, reaching a new 52-week high of Rs 658.5 on the BSE, following the board's approval of issuing bonus equity shares in a ratio of 3:1.

Inox Wind's shares soared 9.2% on Thursday, reaching a new 52-week high of Rs 658.5 on the BSE, following the board's approval of issuing bonus equity shares in a ratio of 3:1.

Axis Bank was the top contributor in today's market surge as it jumped over 6% on intraday basis after strong quarterly earnings show.

European stocks slipped on Thursday following mixed earnings from blue-chip companies such as Nestle and Deutsche Bank, while big M&A news in the mining sector powered Britain's FTSE 100 to fresh highs.

The central bank has asked Kotak to stop onboarding of new customers through online and mobile banking along with the issuance of new credit cards. This comes after RBI found "serious deficiencies and non-compliances" in certain areas of its operations. Here's what it means...

Revenue from operations also grew 23% from a year ago to Rs 4,020 crore and the real-estate developer also recorded its best-ever quarterly and annual pre-sales performance.

Just yesterday, there was a news report which suggested that the French government is planning to block the sale of a French generic drug maker and two Indian pharma companies were in fray to buy it. Now it might just appear to be another news, but probably it signals more than it. It is after years of being bogged down by US FDA and other issues of shrinking margins, The move indicates that at least some of them have reached a point where they can again think of inorganic growth to boost growth. There are others who instead of looking for expansion outside India, have been buying products and brands from MNC players. Then there is a third set of companies, which might not look at inorganic acquisition but only look for organic growth and enter new markets and segments. In all conditions, one thing is clear that the condition of the Indian pharma companies is much better than what it was 5 years ago. As the learning of the last decade and debacles get implemented, does it increase the probability of them getting re-rated on a sustained basis?

Investing is like navigating unpredictable waters. Lessons from navigating investments, personal experiences stress the importance of financial prudence, risk management, and foresight in ensuring a secure financial future.

Net profit for the forth quarter is likely to rise to 22% year-on-year (YoY), while net interest income (NII) for the same period is seen growing up to 30% year-on-year.

Nestle India announced a dividend of Rs 8.50 per share with March quarter results. The company reported a 27% increase in net profit year-on-year (YoY) for the said quarter.

On Thursday, shares of the IT service company LTIMindtree dipped 2.5% to touch the day's low at Rs 4,611 on the BSE, as the company's Q4 results failed to meet market expectations.

Nestle India's shares climbed 1% to Rs 2,530 during Thursday's intraday trading on the BSE in anticipation of the company's fourth-quarter results, scheduled for later in the day. Analysts predict a 17% increase in net profit to Rs 867 crore for the quarter ending March 31, 2024, based on the average estimates of three brokerages.

The central bank has asked Kotak to stop onboarding of new customers through online and mobile banking along with the issuance of new credit cards. This comes after RBI found "serious deficiencies and non-compliances" in certain areas of its operations. Here's what it means...

From the start of the financial year FY 24, midcap stocks have been making a comeback. If one looks at their recent performance in the last few days of volatility, it is clear that there is not much selling pressure and also the way street is rewarding a good Q4 result, it is clear that there is enough liquidity on the street as far as mid-caps are concerned. If one goes on by the market breadth, there are indications that bulls might be back in control. Keep an eye on liquidity and the market breadth in the next few sessions as that will determine what happens to mid-cap stocks in the medium term. If the market breadth stays positive then it is very likely that we might see more strength in mid-caps. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.

Indian Hotels reported consolidated revenue growth of 17% year-on-year (YoY) in 4QFY24, led by 19% YoY revenue growth in the standalone business and the growth in the standalone business was driven by better occupancy (up 440 bps YoY) and ARR (up 4% YoY; LFL 8% excluding Ginger Santacruz).

Exide and Amara Raja added a combined market value of about $2 billion in April as investors boosted their bets in the nascent clean car market. Purchase subsidies, lower operating costs and state-level policy will continue to support growth in the industry, analysts said.

Kotak Mahindra Bank's shares plunged 12% to Rs 1,620 after RBI halted new customer onboarding and credit card issuance. Brokerages slashed target prices due to concerns over online channel reliance and potential long-term growth impact.

Kotak Mahindra Bank loses fourth position to Axis Bank on Dalal Street. Shares drop 10% post RBI ban. Analysts foresee derating if issues persist, impacting profitability and growth trajectory.

On Thursday, Axis Bank shares surged 5% to reach the day's peak at Rs 1,119, following the company's release of better-than-anticipated results. The bank reported a formidable profit of Rs 7,129.67 crore for the March quarter, buoyed by margin expansion and increased non-core incomes.

Kotak Mahindra Bank loses fourth position to Axis Bank on Dalal Street. Shares drop 10% post RBI ban. Analysts foresee derating if issues persist, impacting profitability and growth trajectory.

Vodafone Idea shares tumbled 10% to Rs 11.8 in Thursday's NSE trading session following the listing of its follow-on public offer (FPO) shares on the bourses. However, the shares opened at a 7.2% premium compared to their FPO issue price of Rs 11.

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

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:

Mumbai: Vodafone Idea Limited FPO was listed on the Natinal Stock Exchange on April 25. Listing a company on the National Stock Exchange will benefit the company as it will lead to increase liquidity and trade volumes. At the event, Chairman of Aditya Birla Group, Kumar Mangalam Birla, CEO of Vodafone Idea Limited, Akshaya Moondra and SBI Chairman, Dinesh Kumar Khara were present. At the event, Chairman of Aditya Birla Group, Kumar Mangalam Birla interaxted with the media and said, “We are very happy, this is a new life for Vodafone Idea. We look forward to being announced as the outstanding service provider to our customers”.

Pledging of shares is one of the options that the promoters of companies use to secure loans to meet working capital requirements, personal needs and fund other ventures or acquisitions. Here's is a list of 9 large and midcap firms where promoters' pledge went up in Q4 FY24, according to StockEdge data:

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.

Q4 earnings season is in full swing and the brokerage firms are also actively monitoring the performance of the companies. Trendlyne has compiled data of small and midcap companies in which various brokerage firms have upgraded their ratings. Here’s the list:

LIC cuts stakes in 16 PSUs, profit booking seen. Portfolio value surges to Rs 14 lakh crore in 2024, up by Rs 1.6 lakh crore. Market cap of PSU stocks rises to Rs 67 lakh crore.

Kotak Mahindra Bank's shares plunged 12% to Rs 1,620 after RBI halted new customer onboarding and credit card issuance. Brokerages slashed target prices due to concerns over online channel reliance and potential long-term growth impact.

Nifty opened higher but started losing altitude in the second half. The headline index closed with a modest gain.

The stock bounced back after retesting 200-DMA on April 19, 2024, on the daily charts, a positive sign for the bulls. It also managed to reclaim 50-DMA. The stock bounced back after retesting 200-DMA on April 19, 2024, on the daily charts, a positive sign for the bulls. It also managed to reclaim 50-DMA.

Morgan Stanley reiterated its overweight rating on Dalmia Bharat, while Macquarie advised an outperform rating for Axis Bank. Jefferies sustained a hold rating on Kotak Mahindra Bank, and Investec endorsed a buy rating for Aurobindo Pharma.

Kotak Mahindra Bank's shares plunged 10% to Rs 1,659 after RBI halted new customer onboarding and credit card issuance. Brokerages slashed target prices due to concerns over online channel reliance and potential long-term growth impact.

The BSE Sensex was trading 187 points or 0.25% lower at 73,668. Nifty50 was trading at 22,345, down 57 points or 0.26% at around 9.19 am.

Shares of the Facebook and Instagram parent dropped about 15% in extended trade following the report, its market capitalization plunging to about $1 trillion.

Stocks that were in focus included names like SAIL, which rose 7.36%, MCX, which was down 4.63%, and HUL, whose shares declined 4.65% on Wednesday.