​Paid subscribers rose 14% year over year to 239 million, the Swedish company said Tuesday in a statement, in line with analysts’ estimates compiled by Bloomberg. Total active users, including those on free plans with advertising, grew to 615 million, slightly less than the 617.9 million forecast by analysts.

The S&P 500 was up 53.38 points, or 1.07%, at 5,063.98, and the Nasdaq Composite was up 221.35 points, or 1.43%, at 15,672.66. GE Aerospace rose 6.2% after the aerospace giant raised its full-year profit forecast. Danaher gained 7% after the life sciences firm beat quarterly profit and sales expectations.

Equity benchmark indices Sensex and Nifty closed higher for the third session in a row on Tuesday, following gains in telecom, tech and consumer durable shares amid a firm trend in the global markets. However, rising global crude prices and renewed foreign capital outflows amid geopolitical tensions restricted the markets' appreciation bias, traders said.After rallying over 400 points, the 30-share BSE Sensex ended 89.83 points or 0.12 per cent higher at 73,738.45. Trimming most of its early gains, the NSE Nifty ended 31.60 points or 0.14% up at 22,368."The near-term uptrend status of Nifty remains intact and the short-term trend is choppy. Further consolidation or minor dip could be a buying opportunity. A sustainable move above 22,500 could open next upside towards 22,800 levels. Immediate support is at 22,200 levels," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here are 4 stock recommendations for Wednesday:

Shares of Tesla edged higher on Tuesday ahead of the electric car maker's first-quarter results, with analysts expecting its lowest gross profit margin in more than six years due to price cuts and slowing demand.

State-owned Power Grid Corporation on Tuesday said it has inked a pact to infuse funds and take a 50 per cent stake in crisis-hit National High Power Test Laboratory Pvt Ltd (NHPTL). A supplementary joint venture agreement in this regard was signed on April 23, 2024, by shareholders of NHPTL, according to a regulatory filing.

The Dow Jones Industrial Average rose 116.1 points, or 0.30%, at the open to 38,356.07.

Earlier in October, Motilal had initiated coverage on Adani Ports where it was highlighted that the company’s improving utilization levels at its current ports, along with its ramping up of volumes at newly acquired ports, will position the company to exceed its FY24 volume guidance and expand its market share in cargo handling.

Home Minister and BJP leader Amit Shah filed his election affidavit from Gujarat's Gandhinagar last week. The affidavit shows that he has a 250-plus stock portfolio, wherein he owns stakes in around 180 companies while his wife Sonal has holdings in 80 stocks. Watch!

Nifty is facing a lot of resilience around 22,400-500 levels for the past couple of days on an immediate basis. We need to witness a decisive close above 22,400-500 levels for further strength in Nifty or else reversal is likely from this resistance zone, says Tejas Shah

The S&P BSE Sensex rose 90 points while the Nifty50 closed above 22,300 levels. Sectorally, buying was seen in FMCG, consumer durables, realty, and telecom stocks while some selling was visible in metal, healthcare, oil & gas and energy stocks.

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:

The decision was taken in a board meeting held today to approve the company's January-March quarter earnings and the announcement was made after market hours.

Here's a look at how the biggest fundraises by Indian companies in the form of IPOs and FPOs have fared. (Source: Capitaline | ET Bureau)

The 30-share BSE benchmark Sensex edged up 90 points or 0.12% to settle at 73,738 and the broader NSE Nifty rose 32 points or 0.14% to end at 22,368. Bharti Airtel, ITC, Infosys, SBI, Maruti, and Tata Motors were the top contributors to the Sensex.

The auto and capital goods sectors had inflows of $815 and $1,157 million respectively as of April 15 on a year-to-date basis resulting in total inflows of $1.9 billion.

Holding companies’ index significantly outperformed the benchmark indices over a longer investment horizon. Specifically, it was observed that the outperformance accelerates during the market boom, as was evidenced during the periods of 2017-18 and 2023-24 when the index nearly doubled in a span of a year.

On the back of Heubach’s bankruptcy filing, Sudarshan Chemicals stands to gain meaningful market share in the export as well as domestic markets, said analysts.

While pumps and allied space might appear to be an area related only to the agriculture sector, but the fact is it is a sector which is at the intersection of agriculture, technology, and environmental management. The challenges of water scarcity, climate change, and growing global food demands. These three things are going to ensure that over the coming decades the policy makers, which in this case is the government, give direct or indirect support to this sector. Another reason why this sector will remain in the focus area, increasing farmers income has been one of the focus of the policy area of the government. Now for all those who believe that increasing farmer income can be achieved in just a few years, should remember that agriculture as an area comes with many risks, including the weather, soil of that particular area and many other factors. That is why it will happen, but over a period of time. That is why this is for long term investors.

​The UK's blue-chip share index cruised to record highs on Tuesday, helped by a weaker pound and positive corporate updates, while investors focussed on earnings from U.S. tech giants this week.

Indian shares rose on Tuesday, tracking a rebound in global markets as risk sentiment improved on easing fears of an escalation in the Middle East conflict, while corporate earnings also aided sentiment. Meanwhile, in today's trading session, five midcap stocks from the Nifty200 index reached a new 52-week high. Here's the list:

In the last few trading sessions, the way market breadth has panned out in the mid-cap segment it is very clear that demand for midcap paper is still very high. If one looks at the reaction of the street to a positive surprise in Q4 results coming from a mid-cap company, it is very clear there is still lots of money which is ready to move into midcap stocks. While good results will bring some moderation in valuations, but on an overall basis, the valuations are still at the higher end. But as the liquidity support continues, there is no point in fighting it. The only thing that needs to be done, that while buy the stocks, be more selective and have a long term perspective. Don't panic if tomorrow due to what the US Fed does or anything happening in the Middle east, there is a correction. That will only happen, if one has done his or her homework before buying the stocks.

​Bharti Airtel shares surged over 4% on Tuesday to hit a fresh 52-week high of Rs 1,351 on the NSE following the telecom operator's network expansion in different districts in India. Strong volumes supported the surge in stock price as over 78 lakh shares were trading on the NSE around 1:15 pm.

Ahead of the Lok Sabha elections, Prabhudas Lilladher released a report stating that the beginning of June will be a crucial turning point as uncertainty around the political front and monsoons will be over, which can significantly increase FII inflows. The brokerage firm believes that capital goods, infra, real estate, logistics/ ports, EMS, hospitals, tourism, auto, new energy, E-com and telecom are potent themes to play.

Jane Street, which claims to trade in different asset classes at more than 200 venues in 45 countries through its five global offices, is fighting a case against two former employees and Millennium Management.

Anand Rathi initiates coverage on 6 hospital stocks, recommending 'buy' for Max Healthcare, Rainbow Children’s Medicare, KIMS, and Jupiter Life-Line Hospitals, while suggesting 'hold' for Global Health (MEDANTA) and Narayana Hrudayalaya. They cite India's healthcare market potential, driven by demographic changes and non-communicable diseases, forecasting 15% CAGR to Rs 7.7 lakh crore by FY25.

Ahead of the Lok Sabha elections, Prabhudas Lilladher released a report stating that the beginning of June will be a crucial turning point as uncertainty around the political front and monsoons will be over, which can significantly increase FII inflows. The brokerage firm believes that capital goods, infra, real estate, logistics/ ports, EMS, hospitals, tourism, auto, new energy, E-com and telecom are potent themes to play.

India VIX, indicating near-term market volatility, plummeted by 22%, reaching historic lows below 10, leaving Nifty option traders puzzled. Such a drastic drop, comparable to past election result days, suggests minimal expected volatility over the next 30 days, impacting trading strategies.

The Sensex's recent performance highlights caution amidst potential corrections and geopolitical volatility. Strategies like diversification, cash allocation, risk analysis, and margin of safety can help investors navigate risks effectively in their investment journey.

Keeping an eye on the actions of big institutional investors can be beneficial since they allocate their funds following comprehensive research. According to a study by ETMarkets, foreign institutional investors (FIIs) have consistently increased their investments in 12 stocks from the BSE 100 index for the last four quarters (June 2023 to March 2024). All these stocks have risen more than 24% in the past year, and three of them became multibaggers. We have highlighted the top seven stocks that have achieved remarkable gains ranging from 70% to 130% in just one year. (Data Source: ACE Equity)

The consolidated net profit of the company for the March quarter stood at Rs 146.8 crore, against a loss of Rs 11.47 crore during the same quarter last year.

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.

In an exchange filing on Monday, Vodafone Idea stated: "We wish to inform you that the Board, at its meeting held today i.e. 22 April 2024, has approved and adopted the prospectus dated 22 April 2024 (the “Prospectus”), in connection with the Offer."

Last week, Vi had raised Rs 5400 crore from 74 anchor investors by allotting 4.91billion shares at Rs 11 apiece.

"We would like to inform you that a meeting of the board of directors of the company is scheduled to be held on Thursday, 25th April, 2024, inter-alia, to consider and approve the proposal for issuance of Bonus Equity Shares to the shareholders of the company," Inox Wind said in an exchange filing.

Honasa Consumer, the parent company of skincare brand The Derma Co., saw its shares surge by up to 7.6% to Rs 435 on BSE after announcing The Derma Co.'s achievement of an annual revenue run rate (ARR) of Rs 500 crore.

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 Tuesday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:

Nifty opened strong and grew stronger as the day progressed to end the day with gains.

Mahindra & Mahindra Financial Services shares fell 5% to Rs 257 in early trading due to the announcement of delayed Q4 results following a fraud exceeding Rs 150 crore at a North East branch.

Ramdevbaba Solvent debuts with 31.8% premium on NSE SME platform. IPO oversubscribed 100 times. Proceeds for new facility, debt repayment. Manufacturer of rice bran oil serving FMCG companies like Marico, Mother Dairy with diverse product range.

Grill Splendour Services IPO, which was entirely a fresh equity issue of 13.72 lakh shares, received a decent response from investors with an overall subscription of over 6 times.

Brokerage Nomura upheld a neutral rating on Persistent Systems, while Investec continues to advocate a buy stance on Natco Pharma and has initiated a buy recommendation on Entero Healthcare. Conversely, CLSA has downgraded RIL to an outperform rating.

Indraprastha Gas fell 28% from record high but correction expected. Traders advised buying for Rs 530-560 target. Clean energy focus. Stock shows signs of bullish trend with support at lower channel.

Low PE stocks, often regarded as value stocks, are typically favoured for long-term investment strategies. Trendlyne data indicates that SBI Life, LIC, Infosys, HCL Tech, and Adani Ports are currently trading at lower PE ratios compared to their respective industry averages. Despite belonging to different sectors, these stocks have the potential to rally by up to 22%, as suggested by Trendlyne data.Here is a list of 7 largecap stocks with below industry PE levels that can rally up to 22%:

Reliance Share Price: RIL shares, which have gained around 14% in the calendar year so far, were trading flat in Tuesday's morning trade but brokerages have increased their targets going up to Rs 3,500-mark.

Vodafone Idea's retail investor shareholding surged by 55 lakh post FPO. Individual investor stake reached 6.17%. Mutual funds stake dropped to 2.06%. Company updated exchanges on shareholding. Telecom operator successfully raised Rs 18,000 crore.

The BSE Sensex was trading 314 points or 0.42% higher at 73,947. Nifty50 was trading at 22,426, up 90 points or 0.40% at around 9.22 am.

Tata Consumer to announce Q4 results with expected revenue growth in various segments. Sharekhan predicts volume growth in the domestic tea business. Nuvama expects strong performance from Capital foods. US Coffee volumes may remain steady.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5%, helped by a 1% jump in Taiwanese shares and a 0.8% advance in Hong Kong's Hang Seng index.

The benchmark S&P 500 and the Nasdaq rebounded from a decline over the past six sessions which had been caused by investors re-evaluating their expectations on interest rate cuts in the wake of strong economic data, geopolitical tensions, persistent inflation and commentary from Federal Reserve officials.