Regulatory concerns and pending legal cases could delay the National Stock Exchange of India's planned IPO. According to insiders, the Securities and Exchange Board of India is unlikely to approve the exchange's application until the cases have been resolved. NSE had planned to offer 10% of its shares in a listing that could be worth up to $2.5bn. Among its shareholders are Canada Pension Plan Investment Board, Life Insurance Corporation of India, a Morgan Stanley fund, State Bank of India and Tiger Global. NSE is the world's largest derivatives exchange by number of contracts traded.

The call auction session will continue to be conducted separately on individual exchanges and orders will be matched by respective exchanges after computation of equilibrium price

“If you invest right, even after the tax liabilities, the returns may be good enough to help you create wealth. Equity as an asset class has generated the highest ‘real’ returns – returns after inflation – and therefore preferred by seasoned investors for wealth creation,” he observed.

Regulatory concerns and pending legal cases could delay the National Stock Exchange of India's planned IPO. According to insiders, the Securities and Exchange Board of India is unlikely to approve the exchange's application until the cases have been resolved. NSE had planned to offer 10% of its shares in a listing that could be worth up to $2.5bn. Among its shareholders are Canada Pension Plan Investment Board, Life Insurance Corporation of India, a Morgan Stanley fund, State Bank of India and Tiger Global. NSE is the world's largest derivatives exchange by number of contracts traded.

Further, AIFs will ensure that investors who approach through a registered intermediary, which separately charges the investor any fee, are on-boarded through the direct plan only, the regulator said in a circular.

The 30-share BSE benchmark Sensex advanced 311 points or 0.52% to settle at 60,158. The broader NSE Nifty surged 98 points or 0.56% to end at 17,722.

In a separate public notice, Sebi mentioned eight entities against whom complaints have been pending for more than three months on SCORES as of March 2023.

Corrected valuations due to its underperformance, a Strong vibrant financial bank system, and a possibly stronger Rupee due to weaker commodities and lower import bills could augur well in the domestic bourses in 2H2023 for India.

A real estate investment trust (REIT) or an infrastructure investment trust (InvIT) is an investment vehicle that owns revenue-generating real estate or infrastructure assets.

The 30-share BSE benchmark Sensex advanced 311 points or 0.52% to settle at 60,158. The broader NSE Nifty surged 98 points or 0.56% to end at 17,722.

Closing Bell: Sensex rallies for 7th straight session, ends 311 pts higher; Nifty above 17,700; Tata Steel gains 3%, ITC 2%

"It will also help Neogen to greatly reduce approval times with Lithium Ion Battery makers. Neogen is honoured to be a recipient of this first-ever license issued by MUIS, the part of MCC of electrolyte manufacturing technology anywhere in the globe," the company said.

Therefore, the Indian cell manufacturers require domestic suppliers for battery components such as cathode material, anode material, separator, electrolyte, and containers. Typically, one gigawatt hour of cell capacity would require around 900 tonnes of electrolyte capacity.

Meanwhile, internet logistics company Delhivery may see shipment volumes declining 4% year-on-year and flattish quarter-on-quarter. Overall, Delhivery’s revenue is expected to grow 5.8% quarter-on-quarter in the fourth quarter, according to ICICI Securities.

TCS is likely to outperform its peers. What is the expected profit, margins and revenue for the company in Q4? ET NOW's Anisha Jain breaks down the numbers and major factors.

In the past year, many stocks from the defence sector have experienced significant share price growth. ETMarkets has identified seven stocks that have gained between 25% and 130% in the said period. Of the seven stocks, six still appear to have more strengths than weaknesses, according to a SWOT analysis by Trendlyne. However, to reach their 52-week high levels, most of these stocks still need to experience a rise of at least 15%.Additionally, a recent report by ICICI Direct has noted that the growth potential for India's defence sector remains strong, with the government having signed contracts worth Rs 44,000 crore with defence PSUs in March 2023. According to the report, BEL is expected to be the largest beneficiary of these contracts, with an expected increase in domestic procurement that will benefit both defence PSUs and private players in terms of more order inflows for major platforms, sub-systems, and components. As per estimates, orders worth Rs 5-6 lakh crore will be placed with Indian defence players in the next four to five years

The pan-European STOXX 600 index gained 0.7%, with miners and autos leading the gains, climbing 2.4% and 1.9%, respectively.The International Monetary Fund (IMF) will release its latest outlook for the global economy at 1300 GMT amid a gathering of olicymakers at the IMF World Bank Spring meetings

Even as the market value of the Nifty stock was reduced to less than half in the quarter, LIC picked up 357,500 shares of the Adani company. The PSU insurer's stake in Adani Enterprises has gone up from 4.23% in the December quarter to 4.26% at the end of March.

According to the report, the S&P BSE India Government Bond Index increased by almost 3% in 2022. Interestingly, less than one-third of active managers beat the benchmark in 2022, with an underperformance rate of 68%. Indian composite bond funds fared the best in the same period, with only 45% underperforming the S&P BSE India Bond Index.

Patnaik had joined LIC as a Direct Recruit Officer in September 1990. During the last thirty two years, he has worked across four Zones, mostly in marketing assignments. He headed Indore and Jamshedpur Divisions as Senior Divisional Manager and served as Regional Manager (CLIA) in the Eastern Zone for three years

"Despite challenges from the export side and commodity inflation, capital goods companies have clocked strong volumes. In FY23, particularly in the fourth quarter, EPC companies have received strong orders across the board from government capex and power transmission etc.," said Amit Anwani - Research Analyst, Prabhudas Lilladher.

“New grants are declining sharply, and Zomato is no longer a startup that needs to overly rely on ESOPs. The existing pool seems sufficient for several years,” it said. It also stated that further ESOPs would need more than 75% shareholder approval, and investors will have a strong say

Every time the pharma stock tested this crucial moving average, the stock showed signs of upwards momentum. As long as the stock holds on to 200-DMA or near 950 levels, bulls should remain in control, suggest experts.

India's largest conclave on alternate investing and portfolio management services is being organised by AIF & PMS Experts India with ETMarkets as the media partner. The event would also be available on ETMarkets Live Stream platform.

As the NIFTY and broader market recovers, analysts are bullish on select large cap stock. Making to the list are a host of financial institutions and PSU banks which had seen a correction in line with correction in global financial sector stocks. But in the last few days they have also seen recovery as fears of global trouble recede. 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". The screener applies different algorithms for all BSE and NSE stocks. This predefined screener is only available to ET Prime users.

“A few stocks in capital goods and engineering space exhibiting sustainable growth attributes have outperformed in the recent past and moved up into the high optimism zone along with consumption as incremental growth emanates from the investment cycle,” the brokerage said.

Zydus Lifesciences has given returns of more than 35% over a 12-month period outperforming the Nifty50 which has given 1% returns during this period according to data sourced from Trendlyne.

The Q4 earning season will get started with TCS announcing its result. This will bring IT stocks back in the limelight and action is bound to happen. The reason IT was a sector which did extremely well in covid and it's the one which witnessed correction at the first instance when the rate tightening cycle started in early part of 2022. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

Even as the market value of the Nifty stock was reduced to less than half in the quarter, LIC picked up 357,500 shares of the Adani company. The PSU insurer's stake in Adani Enterprises has gone up from 4.23% in the December quarter to 4.26% at the end of March.

India's largest conclave on alternate investing and portfolio management services is being organised by AIF & PMS Experts India with ETMarkets as the media partner. The event would also be available on ETMarkets Live Stream platform.

Technically, Future Retail is trading below four out of eight SMAs. The stock traded lower than the 30-day, 50-day, 100-day, and 150-day moving averages but higher than the 5-day, 10-day, 20-day, and 200-day moving average.

Brokerage firm PhillipCapital is optimistic about the sector, estimating a robust Q4FY23 quarter for almost all metal companies. It has also identified stocks in ferrous, non-ferrous space that are expected to perform well.

Individual investors raised their holdings in eight of the 10 companies related to the ports-to-power group in the three months through March, including its flagship firm Adani Enterprises Ltd. and a key unit that handles a big chunk of India’s ports, according to regulatory filings.

As the nifty is on a path of recovery, some segments of mid-cap stocks started to see recovery. From a logistics player to the first new age company which got listed close a decade ago and now belongs to India’s largest private sector group. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

Ahead of Q4 results, domestic brokerage firm Motilal Oswal has selected a few PSU Bank stocks which have the strength to deliver good returns. The brokerage firm believes that stocks like Canara Bank, Bank of Baroda and SBI will provide good opportunities to investors. Here is a list of 5 PSU Bank stocks to buy ahead of Q4 earnings, according to Motilal Oswal:

"This is likely to reverse in FY24 since India has the best growth potential in FY24. Even though Indian valuations are relatively expensive, they have turned reasonable now and in tune with the long-term premium enjoyed by India," said Dr VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

A shift toward less lax monetary policy would be tricky given the massive holdings of Japanese government bonds the BOJ has acquired as it sought to keep interest rates low and inject money into the economy.

The bank's total deposits stood at Rs 12.04 lakh crore as of March 2023, compared with Rs 10.45 lakh crore as of March 2022. Meanwhile, domestic deposits grew around 13% year-on-year (YoY) to Rs 10.47 lakh crore during the same period, while domestic CASA deposits grew 7.9% to Rs 4.42 lakh crore.

The action in Kotak Bank stock was high with over 36.8 lakh shares changing hands around this time. The stock has corrected from its 52-week high of Rs 1.997.55 which it hit in November 2022. It has marginally outperformed the Nifty50 index, giving returns of over 2% over a 12-month period as against a 0.3% gain seen in Nifty50, according to Trendlyne data.

In the NSE list of stocks with a market cap of over Rs 1000 crore, six stocks crossed their previous five-year high value at the close on April 10, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

In the NSE list of stocks with a market cap of over Rs 10,000 crore, five stocks closed above their 200 DMAs (Daily Moving Averages) on April 10, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

"The winning streak continued for the sixth consecutive session on Monday, however, the traction was missing in key indices. This resulted in the formation of a neutral candlestick pattern on the daily chart known as Doji. The said pattern indicates some tentativeness and generally occurs after a sharp run-up or decline," Sameet Chavan, Chief Analyst-Technical and Derivatives at Angel One Ltd said.

The global investment bank expects an 11% quarter-on-quarter (QoQ) yield decline and adj. net profit of Rs 0.8 bn in Q4. “In Q4 '23, we expect IndiGo to see 45% year-on-year (YoY) (3% QoQ) growth in capacity, in-line with estimates”, it said.

"Federal Bank posted healthy growth in advances in Q4Fy23, aided by strong trends in both retail and wholesale books. We believe that improving loan growth, along with further re-pricing of floating loans, is likely to support margins, though we remain watchful of the rising cost of funds," Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

Sensex jumps 200 points, Nifty above 17,650; Kotak Mahindra Bank rises 5%, BoB 3%; Sun Pharma, NTPC, Bajaj Finance are some of the gainers in the morning trade.

In the NSE list of stocks, seven stocks with a market cap of over Rs 1,000 crore have been witnessing Death Crossovers, according to stockedge.com's technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average on the downside. The 50-day SMA of these stocks crossed below their 200-day SMAs on April 10. Take a look:

In the past, the stock failed to witness a strong follow-up move after such a gap-up rally and filled the positive gap subsequently with a gradual decline. The key technical indicators tested the overbought zone and in the absence of a follow-up move, they may reverse down.

From the Sensex pack, Kotak Mahindra Bank, Sun Pharma and Bajaj Finserv were the top gainers, rising about 1-4%. Nestle, SBI, NTPC, Bharti Airtel, and Tata Steel also opened with gains. On the flip side, TCS, Asian Paints, HDFC, ICICI Bank, HDFC Bank and IndusInd Bank saw some losses.

Strong U.S. employment data published last Friday sparked expectations that the Fed may hike rates in May, but the 25 basis point rise now priced in by the market is smaller than what had previously been estimated, according to Ng

Nifty futures on the Singapore Exchange traded 26.5 points, or 0.15 per cent, higher at 17,711.50, signaling that Dalal Street was headed for positive start on Tuesday. Here are some stocks which are expected to see some action in trade today.