Rate futures markets now show investors see a first rate cut as most likely occurring at the Fed's Sept. 17-18 meeting after data showed inflation through the entire first quarter of 2024 was stiffer than expected and had demonstrably slowed progress on bringing it back to the Fed's 2% target.

Foreign portfolio investors turn net buyers at Rs 2,778 crore on Wednesday after two days of selling. DIIs, meanwhile, bought shares worth Rs 163 crore.

Interest rate-sensitive megacaps gave the tech-heavy Nasdaq a decisive edge. The S&P 500 also closed in positive territory, while the Dow ended essentially unchanged.

“The stock price of L&T witnessed some pullback move in the last one week, but there were no volumes seen on price corrections. Traders can buy the stock for a target of Rs 4000-4100 in the next 3-4 weeks,” Ruchit Jain, Lead Research, 5paisa.com, said.

Lenders have asked the RBI to permit the compulsory portion of funds set aside for the maintenance of the Cash Reserve Ratio (CRR) to be made eligible as High Quality Liquid Assets (HQLA) for the purpose of computing Liquidity Coverage Ratio (LCR), sources aware of the developments told ET.

While Vedanta has said that it aims to value the assets of its demerged entities by their book values, CreditSights believes that it is a relatively straightforward approach as book values are captured at a point in time, "carrying values could be outdated, and may not accurately reflect future profitability and cash flow generation of the business".

This fund will be used to repay the debt of Alchemist ARC. In the past, the company had faced various liquidity issues that resulted in defaults of its bank loans and subsequently debt was assigned in favour of an ARC.

The shares of Bharti Hexacom will debut on the exchanges on Friday. Based on the GMP trends, the stock is expected to see a healthy listing of around 12-15%.

This acquisition is in line with the infrastructure yield strategy to generate regular distributions for investors by acquiring quality operating infrastructure assets with strong cash flows and unlocking value through active asset management, the company said in a statement.

The stock of Reliance Industries (RIL) has gained 14% since the beginning of 2024, beating the 4% increase in the S&P BSE Sensex following signs of peaking capital expenditure and improving prospects across business verticals.

Foreign portfolio investors (FPI) sold shares worth ₹12,514 crore across 11 sectors in the March 16-31 period. Apart from FMCG, automobiles, financial services and consumer durables sectors saw heavy selling by foreign investors. The automobiles sector witnessed profit booking worth ₹2,085 crore between March 16 and 31, after inflows worth ₹3,697 crore in the first-half of the month.

Kotak's comments came after data released in the US on Wednesday showed that inflation there rose more than expected in March. Year-on-year inflation increased 3.5%, the highest increase in six months, and higher than a 3.2% rise reported in February. "US inflation is higher than expected. Postpones US rate cuts to later, closer to US Presidential elections, if at all. Brent oil now $90. Will keep rates higher for longer worldwide including India," Kotak said on X.

Using this week's cloud event to show that its AI model is enterprise-ready despite recent stumbles in its consumer-facing tools, focus is now turning to this month's earnings and a developer's conference in May.

The technology giant's shares have fallen 13% this year, badly trailing the broader market. The company is grappling with weak sales in China and a Justice Department suit accusing Apple of violating antitrust laws, taking aim at its lucrative services business. Shares edged higher on Thursday.

Larsen & Toubro surged to a new high in April 2024, with technical analysis suggesting a potential uptrend continuation. Traders can consider buying opportunities aiming for 4,000, supported by a Cup and Handle pattern.

The S&P 500 opened higher by 12.31 points, or 0.24%, at 5,172.95, while the Nasdaq Composite gained 65.84 points, or 0.41%, to 16,236.20 at the opening bell.

ECB delays rate cut awaiting inflation control confirmation. Lagarde hints at future rate path. Market indexes fell on inflation concerns. June cut likely. Eurozone inflation down, guidance awaited from Lagarde.

Analysts projects are not bullish, they hardly expect any gains, but the hard fact, sometimes staying glued to excel sheet and earning projections makes one cautious more than it is required. Even the recent price moves are indicating that the street is getting ready to re-rate part of the auto sector, or rather has already done it. Whether it be large OEM or auto ancillary companies. Should one be ready to ignore the pessimism of analysts and move to take exposure for both a tactical trade and long term investment ?

The stock of Reliance Industries (RIL) has gained 14% since the beginning of 2024, beating the 4% increase in the S&P BSE Sensex following signs of peaking capital expenditure and improving prospects across business verticals.

The S&P BSE Sensex hit a record high of 75,105 in trade today while the Nifty50 surpassed 22700 to hit a high of 22,775.

Its operating margin is also likely to expand in the absence of any major wage increases and higher internal efficiency. The country’s largest software exporter is slated to declare the fourth quarter numbers on Friday.

Pace Financial's Tresor Flexi fund was the top-performing PMS scheme last month with a 7.4% return, followed by Tresor Prive's 4.73% gain and 4.7% upside in Tresor Sustainer, shows data pulled from PMSBazaar.

Indian benchmark equity index Nifty50 closed at a record high on Wednesday, driven by gains in banking, energy, and IT stocks. The S&P BSE Sensex closed 0.47% higher at 75,038, while the NSE Nifty50 index ended above the 22,750 level. "Nifty is currently placed at the hurdle of around 22800 levels (ascending resistance trend line and 1.618% Fibonacci extension). Though, Nifty placed near the hurdle, still there is no sign of any reversal forming at the highs. Immediate support is at 22615 levels. A decisive move above 22800 levels is expected to open further upside momentum for the market ahead," said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.Here are 5 stock recommendations for Friday:

Just a little nudge by the market regulator and if one looks at the flow to the mutual fund in the month of March, the flows have moved toward large cap mutual funds and the performance of the stocks has been better. One thing which every investor makes a distinction between is the narrative on the street and reality. The question which needs to be asked is whether on the real business side, which is the actual bottomline of the companies, have the large cap well established companies have done well or not. If the answer is yes then it is better to ignore what narrative which short term price movement. There are many companies which in the recent past have witnessed some headwinds and their stock under performed. From a metal major to a tower company to a retailer. Some of them have seen headwind receding and given the fact that bulls are making a comeback, both from a tactical perspective and a long term investing perspective, it would be worthwhile to look at these stocks.

The BOJ is seen raising this year's price forecast at the next meeting on April 26 and project inflation to stay near its 2% target through 2026, said two of the sources, underscoring its readiness to jack up rates from zero later this year.

The Nikkei closed down 0.35% to 39,442.63. The index dipped as low as 39,065.31 earlier, threatening to break below the psychological 39,000-line for the first time since the end of last week.

ETMarkets analysis shows significant returns by PSU stocks during the last decade of the Modi government, with Bharat Electronics Limited (BEL) leading with remarkable growth.

The billionaire business expects higher for longer rate regime worldwide including India and called China the only "wild card".

Last month, after a long debate we witnessed the part implementation of T+0 settlement cycle for trading in the securities markets. Timely and quicker settlement is a sign of an efficient market as it reduces the risk of any wrongdoing.

After almost a period of a month and half, the mid-cap stocks have been trying to make a comeback.If one looks at the March data for the mutual funds, it is clear that while there has been a decline in the flows going to mid-cap schemes, but it is no where to extent which was being feared when SEBI has indicated that it is slightly concerned about money coming to mid-cap scheme and hence froth building up in mid cap space. If one goes on by the market breadth, there are indications that it might be getting started once again. 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.

US equities are likely to continue their uptrend based on good economic news, which Zervos, the bank’s chief market strategist, expects to swamp discussions about keeping rates higher for longer.

Join Neha Vashishth of ETMarkets in a discussion with Ankit Garg, Founder of Garg Law Chambers, as they delve into the concept of unclaimed wealth in India. Learn about identifying unclaimed assets, the role of the Investor Education Protection Fund (IEPF), and the steps needed to claim investments. The video also provides insights into the challenges one may face while claiming unclaimed assets and how investors can use RBI's UDGAM portal to claim their investments.

The market has shown robust performance, yielding returns exceeding 12% over 3-5 years irrespective of election outcomes, showcasing resilience and growth potential. Particularly noteworthy were the highest returns witnessed between 2004 and 2009, a period marked by no clear majority for either the BJP or Congress. Here are top 5 picks from Fisdom:

Sensex and Nifty reach new highs, but caution advised for potential correction. Analysts predict hurdles at 23,000 levels with possible market correction before elections. Foreign investors show interest in Indian shares.

Minutes from the Fed's March policy meeting reflected concerns that inflation's progress toward that target might have stalled, and restrictive monetary policy may need to be maintained for longer than anticipated.

Treasury yields also leaped in the bond market, raising the pressure on the stock market, after a report showed inflation was hotter last month than economists expected. It's the third straight report to suggest progress on bringing high inflation down may be stalling.

Positive commentary and target price hikes from CLSA and Jefferies also buoyed the shares, helping the Nifty Metal index surpass the 9,000 mark to hit a lifetime high. The index ended at 8,999.60, up 1% over the previous trading session. Benchmark indices ended half a per cent higher each.

U.S. stock futures lost another 0.2% after Wall Street slid around 1% overnight, while regional bonds took a kicking following a 20-basis-point jump in Treasury yields overnight to their highest since November.

The Sensex took 27 years to breach the 10,000-mark for the first time in February 2006, while it gained the next 10,000 points in just 22 months as a flood of fresh foreign flows drove stock prices higher at a faster pace.

Sensex and Nifty reach new highs, but caution advised for potential correction. Analysts predict hurdles at 23,000 levels with possible market correction before elections. Foreign investors show interest in Indian shares.

In 1986, the dominance of industrial stocks was strong, representing 33% of the constituents, while consumer discretionary stocks comprised 30%. There were no stocks from banking or information technology sectors — the current giants.

Indian stock exchanges closed for Eid, with MCX trading in the evening. There are over ten holidays in 2024, including Ramnavmi in April and Diwali in November.

Stock indexes fell on high inflation, impacting rate cut expectations. Bond yields surged. Market awaits Fed meeting minutes and first-quarter earnings reports from major banks. Real estate sector led declines in indices. Excluding volatile food and energy components, the core figure rose 0.4% month-on-month in March, against expectations of a 0.3% advance. Annually, it gained 3.8%, versus the estimated 3.7% increase.

The former treasury secretary cautioned against a potential Fed rate hike following the US consumer price inflation report. Summers emphasized the risks of a rate cut in June and highlighted the importance of economic indicators and market trends.

The company is likely to file its red herring prospectus with the Registrar of Companies this week, with plans to launch its follow-on public offer next week.

Stock indexes fell on high inflation, impacting rate cut expectations. Bond yields surged. Market awaits Fed meeting minutes and first-quarter earnings reports from major banks. Real estate sector led declines in indices. Excluding volatile food and energy components, the core figure rose 0.4% month-on-month in March, against expectations of a 0.3% advance. Annually, it gained 3.8%, versus the estimated 3.7% increase.

Gold price has soared past Rs 71,000, hitting an all-time high. Here are the top factors driving the rally. Take a look: (Source: Prabhudas Lilladher)

The Dow Jones Industrial Average fell 221.39 points, or 0.57%, at the open to 38,662.28.

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 Wednesday's trading session, 5 stocks saw top short covering. Here's the list:

The post-pandemic boom for India's markets is well documented as millions of retail investors switched to capital markets from traditional avenues to grow their wealth.