Mphasis stock finds significant support at its 200-day moving average, further reinforcing the likelihood of a bounce-back. Traders can buy for a bounce back towards 2545-2720 while a stop loss can be placed below 2300,” KKunal V. Parar, Vice-President of Technical Research and Algo, Choice Broking, said.

ABCL is the financial division of the Aditya Birla group, which holds around 69% stake in the company. It offers financial services across diverse segments including corporate and personal loans, housing finance, life and health insurance, and investments through various subsidiaries.

The National Asset Reconstruction Company (NARCL) is seeking a new managing director and CEO with 25 years of banking experience. The company has appointed P Santhosh as interim chief after the abrupt exit of MD&CEO N Sunder. The new MD and CEO will be given a three-year tenor and will acquire about Rs 2 lakh crore stressed assets in phases.

Avaada Energy secures 250 MW hybrid project in NTPC auction, offering Rs 3.47/kWh tariff. PPA spans 25 years, expected to power 5L households, reduce carbon emissions, and contribute to India's green energy supply.

Since FY20, the top 1,000 companies had to disclose their ESG performance under the business responsibility report. From FY23, this report turned into the more comprehensive Business Responsibility and Sustainability Report (BRSR) that requires disclosure of nearly 1,600 data points across different aspects of ESG.

The selloff has come as investors and the Federal Reserve reevaluate the need for interest rate cuts in the face of resilient economic data and signs of strength in the labor market. In an appearance on Tuesday, Fed Chair Jerome Powell was among several Fed speakers over recent days who have said they would need to see drivers of inflation weaken before cutting rates.

Angel One's fourth-quarter profit rose 27% as trading activity helped more than make up for its higher spending amid heated competition for clients.

Here's a look at some of the latest stock recommendations by analysts. These stocks are expected to return between 19% and 35% as per analysts’ price targets.

On April 16, shares of the company declined 2.35% to 421.7 apiece. Mumbai markets were shut Wednesday. A rights issue is an incentive for existing shareholders to buy more shares of the company at a discount.

Despite RBI's unchanged rates, lenders raised deposit rates by 96 bps in FY24 due to rising credit demand. Liquidity tightened with incremental cash reserve ratio, leading to a multi-year high liquidity deficit.

Federal Reserve Chair Jerome Powell Tuesday did not provide any guidance on when interest rates may be cut, saying instead that monetary policy needs to be restrictive for a longer period.

Tesla Chair Robyn Denholm criticized the Delaware Chancery Court's January decision, writing in the proxy that it amounted to second-guessing shareholders who had approved Musk's performance-based award in 2018. Chief Judge Kathaleen St. J McCormick described the company's directors as "supine servants of an overweening master" and said they hadn't looked out for the best interests of investors.

Mphasis shares hit a record high of Rs 3,659 on October 19, 2021, but failed to hold on to the momentum. They closed at Rs 2,394 on April 15, 2024, which translates into a downside of 34%. The stock is now trading around the 200-DMA in April 2024 and a possible bounce back could be on the cards.

The Dow Jones Industrial Average rose 150.70 points, or 0.40%, at the open to 37,949.67.

The ratings factor in the strong operational performance that the developer has displayed since 2020-21, and consequent improvement in the scale of operations.

ABCL is the financial division of the Aditya Birla group, which holds around 69% stake in the company. It offers financial services across diverse segments including corporate and personal loans, housing finance, life and health insurance, and investments through various subsidiaries.

These different global macro events have the potential to create major volatility in the markets, which in turn starts testing conviction and portfolio strategy. We endeavor to treat such situations individually and on merit. Our objective is to invest in keeping the view on balance and navigating short-term pain while aiming to build long-term outperformance.

According to brokerage firms Motilal Oswal and Kotak Institutional Equities, nearly 29 companies are likely to report over 100% profit growth on a year-on-year (YoY) basis in the March quarter earnings season, which began last week with TCS.

Indian shares extended losses to a third session straight, led by a decline in IT stocks on receding bets of early US rate cuts and worries over the conflict in the Middle East. The S&P BSE Sensex closed 0.6% lower at 72,943, while the NSE Nifty50 index ended below the 22,150 level."The short-term trend remains weak. But, having placed near the cluster support of around 22000 levels, one may expect an upside bounce from the lows in coming sessions. Immediate resistance is at 22260 levels," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here are 7 stock recommendations for Thursday:

With $6.5 billion invested in emerging equities, the fund has allocated 26% of its EM equity fund to China, while reducing India to less than half that, according to Edward Evans, a London-based EM equities portfolio manager. He cites a divergence in valuations as the main reason for the decision.

The fact that China had been making one after another attempt to bring its economy back on track and did not meet with immediate success led to an impression that things will not improve for the metal sector anytime soon. But on Tuesday, when the GDP numbers came out, they were better than expected, against the expected 4.8 % the numbers came at 5.3 % for the first quarter. While this is a quarter number so there can be some skepticism the fact is that over the last two decades, there have been many issues that the Chinese economy has faced, right from debt to GDP concern to shadow banking to property crisis. They all have been resolved and the economy has been able to make a comeback. So, don't dismiss these numbers. The biggest impact of a sustained Chinese recovery would be felt by one sector, that is metals and probably the street has a hint of it and that is why metal stocks can outperform even in volatile markets.

Relative performance is normally a concept that is used more in price action-based trading. However, sometimes, these concepts are equally useful when trying to gauge the mood of the market for a segment of stock. There cannot be a doubt about how the market has been hit by global headwinds, but if one compares the relative performance of small caps in the last four trading sessions and the one it witnessed in March 2024, there is clear evidence that at this point of time, there is no tearing hurry to sell. While it might be a bit early to say, the way things are panning out at this point in time, the probability of small caps making a comeback cannot be ruled out. The only thing that needs to be watched is how the market reacts to their Q4 earnings, if the initial reaction to results is positive that means liquidity is still chasing the smallcap and why to fight liquidity.

Exide Industries stock has given a big breakout in the monthly/weekly and on the daily charts. It has given a significant up move in April as the stock rallied from Rs 310 to Rs 470.

The Indian stocks with an Israeli connection include Adani Ports, Sun Pharma, Dr Reddy’s and Lupin, NMDC, Kalyan Jewellers, and Titan. Further, OMCs could be adversely impacted. The war could slacken India’s plan of building an India-Middle East-Europe Economic Corridor as reflected in the prices of railway stocks like IRCON, Jupiter Wagons, and RVNL.

One sector where the street has been giving differential treatment for many years has been the banking space. Right from PSU banks to small finance banks to private sector banks and even in the private sector banks, there has been a different treatment to different sets of banks. But recently the divergence in valuation has been narrowing down, at all levels. Whether it is between private and public sector banks or even intra private banks segments. There are two underlying factors for it, first, over the years, technology which was a strong point of large private sector banks has been to an extent implemented by other banks also. Second, different banks take care of different segments of the economy, some retail, some large corporate, some SME and retail. So when all segments of the economy are doing well, there is a greater likelihood that all banks will see better performance. We look at banks from three segments of the banking sectors, large players which don't make headlines every day but have seen better performance.

Shares were up 6.6% by 0905 GMT, topping pan-European STOXX 600 index and tracking their biggest daily gain in almost a year.

A non-performing asset (NPA) is a loan or advance for which the principal or interest payment has remained overdue for a period of 90 days or more. According to data from Trendlyne, SBI, Bank of Baroda, and PNB are among the 6 PSU banks that reported the highest NPAs in Q3 of FY24. Here's the list:

Brokerage firm Nuvama in its latest report, listed top stocks that mutual fund houses exited in March. Take a look:

BJP manifesto, which promises continuity and enhancement of previous policies along with new measures to deepen and widen India’s economic progress, is seen as having a positive impact on multiple sectors if PM Modi returns to power.Domestic brokerage Phillip Capital sees a positive impact on sectors like automobiles, cement, metals, real estate, alternative fuels, financials, pharma, FMCG, EMS, hotels, airline, etc.Here are 9 ideas from the brokerage:

U.S. Federal Reserve Chair Jerome Powell said on Tuesday that a string of disappointing data will likely cause the central bank to take longer than expected to become confident that inflation is falling.

In China, the world's biggest oil importer, the economy grew faster than expected in the first quarter, but several March indicators, including property investment, retail sales and industrial output, showed that demand at home remains frail, weighing on overall momentum.

Exide and Amara Raja stocks soared due to increasing EV demand. Analysts foresee bright prospects for Exide with Hyundai and KIA partnership, government aid, and EV market growth. The companies are set to capitalize on the rising trend.

Asian shares reacted to the dollar's strength amid U.S. rate cut uncertainty. Markets saw mixed performances, with various currencies and indices responding differently. Powell's cautious stance and IMF's growth forecast added to the market dynamics.

Indian IT stocks decline, affecting benchmarks. Concerns over US Fed rates and IT demand recovery persist. Infosys' guidance for FY25 awaited. Market cautious pre-results, with Nifty IT Index closing below 200 EMA.

Vodafone Idea's ₹5,400-crore offer to anchor investors was fully subscribed, with support from various foreign institutional investors, domestic mutual funds, and the Government of India. This fundraising effort aims to strengthen the telco's financial position and support its future plans.

Domestic markets shut for Ram Navami. MCX trades normally but settlement holiday affects account credits. 2024 has 14 holidays, including Muharram and Gurunanak Jayanti.

Equity markets closed for Ram Navami. All segments shut. Multi-commodity exchange opens at 5:00 pm. Trade settlements closed.

Domestic markets shut for Ram Navami. MCX trades normally but settlement holiday affects account credits. 2024 has 14 holidays, including Muharram and Gurunanak Jayanti.

Both the S&P 500 and the Nasdaq are nearly 4% off from record high levels reached last month, as traders sharply readjusted their expectations of how much the Fed would cut rates this year.

In February last year, NSE had excluded Zee from the F&O segment after the NCLT admitted an insolvency plea filed by IndusInd Bank against the company.

Federal Reserve Vice Chair Philip Jefferson, in remarks devoid of any mention of interest rate cuts, said on Tuesday "it will be appropriate to hold in place the current restrictive stance of policy for longer" if inflation fails to slow as expected.

The company’s troubles started in October when it warned that demand for EVs was starting to slow, but the full extent of that weakness only became apparent this month when Tesla reported first-quarter sales significantly below analysts’ expectations.

Broadband technology company Sterlite Technologies has raised Rs 1,000 crore by issuing equity to qualified institutional investors (QIPs), which include both Indian and international investors, the company announced on Tuesday through a stock exchange filing.

The S&P 500 opened higher by 2.77 points, or 0.05%, at 5,064.59, while the Nasdaq Composite dropped 28.64 points, or 0.18%, to 15,856.38 at the opening bell.

As the market faces headwinds, questions are bound to be raised about whether the mid-cap segment would see a sharp correction or not. As of now it appears that things are far better both in terms of market breadth and the way the stocks have been able to see a recovery in a short span of time. But the best way to navigate such market conditions would be to do two things, first stay with mid-cap stock with some track record in terms of fundamentals and give return to shareholders. Second, once you pick the stock, stay with it long term and dont sell in hurry due to any narrative which some global development might bring on the table.

Jhunjhunwala owned about 1.8% stake in Tata Communications towards the end of December quarter, pared the stake in the company by 0.3%, bringing the overall holding to 1.6% at the end of March quarter.

The short-term trend remains weak. But, having placed near the cluster support of around 22,000 levels, one may expect an upside bounce from the lows in coming sessions. Immediate resistance is at 22260 levels, said Nagaraj Shetti of HDFC Securities.

As per the latest corporate shareholdings filed, Rekha Jhunjhunwala publicly holds 25 stocks with a net worth of over Rs 41,254.3 crore, according to Trendlyne data. Here's a look at stocks wherein the ace investor cut stakes in Q4:

The market capitalisation (mcap) of BSE-listed companies was eroded by Rs 7,93,529.61 crore to Rs 3,94,25,823.46 (USD 4.75 trillion) in three days.

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