US stock indexes rose with Exxon and Intel's strong earnings reports counterbalancing Amazon's slowdown, while economic data cemented predictions of a Federal Reserve interest-rate hike. In Q1, Exxon Mobil's gas and oil output helped to record profits and Intel said that it expects gross margins to improve later in 2021, indicating growth by 4.7%. Amazon’s stock fell by 3.6% despite better-than-expected results after it warned that cloud-computing growth would slow; consumer discretionary indexes also fell. Colgate-Palmolive, a consistent price hike investor, raised its annual organic sales forecast, leading to its share jumping 3%.

Indian financial firms Kotak Mahindra Bank, IDBI Bank, IDFC First Bank and RBL Bank are among those set to report financial results on 24 April. Kotak is expected to see a rise in net interest income for the year to May 2023, while IDFC could report healthy loan growth led by retail and commercial finance. If estimates hold, IDFC will report Q1 net profit of INR640 crore ($85m), while RBL Bank could book INR220 crore, brokerage firm Motilal Oswal said.

US transportation and semiconductor stocks, along with small-cap stocks, have experienced a drop during April, indicating concerns over economic growth. Experts point to fears of a recession and the Federal Reserve's aggressive monetary tightening as reasons for investors' caution. Economically-sensitive sectors such as utilities and healthcare have rallied in recent weeks, while concerns over a possible US default and global trade disputes have raised concerns about economic growth across markets.

Shares in small and micro-cap Chinese firms that are listed in the US soared on Friday, echoing rallies of last summer fuelled by individual traders. Online brokerage firm Top Financial Group saw an increase of 645% to $149 per share and Magic Empire Global jumped 328% to reach $3.97. Both are among the most closely watched stocks by retail investors on Stocktwits. Last October Nasdaq halted IPO preparations for four small Chinese firms while investigating other stock rallies.

Kiran Rasiklal Mehta, Ask Realty and Developers, Sunita Agarwal, Suresh Maheshwari, Usha Maurya, Union Commodities and Sunrise Legal Advisor and Consultant were also penalised by the markets watchdog.

While Parthasarathy has been restrained from holding the post of director, or any key managerial position in any listed public company and associating with any registered intermediary for 10 years, the same for KSBL's then directors -- Bhagwan Das Narang, Jyothi Prasad -- is two years.

In September 2009, NSEL (now defunct) introduced the concept of 'paired contracts' for trading, which allowed buying and selling of the same commodity through two different contracts at two different prices on the exchange platform.

The Dow Jones Industrial Average fell 28.73 points, or 0.08%, at the open to 33,797.43.

Investors turned to global money market funds over concerns about a slowdown in global economic activity and a decline in US companies' quarterly earnings, with investors buying a net $42.68bn through the product in the week ending 26 April, according to Refinitiv Lipper. US and European money market funds entered the week with net inflows of $47.72bn and $1.89bn, respectively. The inflows have been driven by investors seeking out the relatively safe funds amid worries of a possible recession and concerns about the safety of uninsured bank deposits after the failure of two regional lenders.

For the 7th consecutive session, the benchmark index Sensex ended in the positive zone, gaining around 463 points to reach 61,112. In the process, six stocks belonging to the BSE Financial Services index reached new 52-week highs, a crucial technical indicator used by traders and investors to evaluate a stock's present value and anticipate its future price fluctuations.

The National Stock Exchange (NSE) has warned investors against dabba trading, an illegal form of equity trading promoted by four individuals offering assured returns: Jitu Bhai Marwadi, Sanjay Chaudhari, Sanjiv Raj, and Arav Waghmare. The bourse added that Waghmare had also offered to manage investors' trading accounts. NSE has filed a police complaint about the operations and warned investors that dabba trading is against the law. The exchange advised investors not to use any illegal trading platform and warned that its dispute resolution and investor protection mechanisms would not be available to those using them.

Nifty crossed the 18,000 mark and formed a green candle with minor lower shadow, indicating a continuation of upside momentum. The momentum oscillator RSI (14) readings on the daily charts reached 70 and are now in the overbought zone. The short-term uptrend of Nifty remains intact with the market expected to reach the next resistance of 18,200-18,300 levels in the next week. The Open Interest data of Nifty indicates the Nifty Index still has a lot of open interest at the 18000 straddle level, so a runaway rally may not take place from here.

ICICI Direct expects the ongoing rally in the Indian market, which has managed to hold the March low of 16,800, to move gradually towards 18,300-18500 by May with strong support at 17,200. The buy-on-dips approach with focus on midcaps is recommended for investors. Although the indices are stable, Sensex and Nifty are trading in red on a year-to-date basis, down 0.5% and 1.2%, respectively. Key risks to the expected rally in the coming months are global events leading to volatility. The top picks of the brokerage for May are HDFC Bank, IndusInd Bank, BEL, NHPC, Coal India, ITC and Asian Paints.

From the Sensex pack, Wipro, Nestle, ITC, and L&% were the top gainers, rising over 2% each. SBI, Tech Mahindra, Reliance, Bharti Airtel, and Kotak Bank also ended higher.

Closing Bell: Fag-end buying drives Sensex 463 pts higher; Nifty above 18,000; Ceat surges 11%, Axis Bank sheds 3%

Foreign Institutional Investors’ (FII) darling HDFC Bank has failed to be a part of the top 20 Nifty performers during last four periods of FII outperformance, even though banks act as safe bets, according to a recent report.

On Thursday, PI Industries announced twin acquisitions into pharma API and CDMO space, stating that it is committed to building a differentiated pharma play.

Europe's biggest home appliances maker Electrolux AB was the top gainer on the index, jumping 6.0%. The company earlier said that weaker demand had resulted in lower sales volumes in the first quarter.

The yen slumped as much as 0.83% to just past 135 per dollar , giving support to Japanese exporters' shares, particularly automakers.

The company's order inflows for the quarter came in at $1.35 billion, helping it close the full-year order inflow at $4.87 billion. It has added 31 new clients for Q4.

In today's ETMarkets analysis, we focussed on stocks wherein major institutional investors, such as mutual funds (MFs), have decreased their s. Within the BSE universe, there were approximately 55 stocks with a market capitalization of over Rs 500 crore in which MFs have reduced their stake in each of the four quarters of FY23. Despite the ongoing decrease in stake by MFs, around 50% of these stocks have remained positive performers in the last year. We have identified eight standout stocks that have surged between 50-200%. (Data Source: ACE Equity)

Financial markets regulator Securities and Exchange Board of India (SEBI) has banned three individuals and two entities (in total five) from securities markets in a case of front-running trades in Life Insurance Corporation of India.

Support may not last long as business fundamentals — revenue and profit outlook — take rightful precedence, eliminating short-term impact of the buyback announcement at a premium

Indian telecom infrastructure provider Indus Towers saw a 10% increase in its share price after it reported a Q4 net profit of INR 1,399 crore ($185m), representing a 23% YoY decline. The company made an additional provision of INR 43.4 crore towards doubtful debt in the quarter, with industry executives estimating that Vodafone Idea, the company’s biggest customer, owes Indus around INR 7,000 crore. This has led to a wavering outlook regarding Indus’ future success, with some experts suggesting a neutral or reduced rating.

Glenmark Life Science's Q4 profit jumped 48% YoY to Rs146 crore, while revenue from operations rose 21% YoY to Rs621 crore. Its EBITDA grew 45.2% YoY to Rs206.4 crore with 33.2% margins YoY, benefiting from high CDMO contribution, better product mix, PLI scheme benefit, and lower input costs. The company's generic API revenues rose 15% YoY. Glenmark Life is a leading manufacturer of high-value, non-commoditised APIs. The stock has surged 23% YTD and 37% in the last month trading at Rs516 on BSE.

After remaining at elevated levels, crude oil prices have slipped below critical support levels. This drop happened despite an unplanned output cut by Saudi Arabia . There are many companies whose fortunes are tied up with crude oil prices because raw materials are made from crude derivatives. We looked at companies whose fortunes are linked to crude indirectly and may gain as the crude prices come down.

Indian public sector banks (PSBs) have seen a significant fall in their stocks so far this year as compared to private banks, which have remained resilient amid the ongoing banking crisis. On a year-to-date basis, Nifty PSU Bank index slumped down 7%, however, Nifty Private Bank managed to limit losses, with its index falling just 2% this year. Rising interest rates and the recent Adani-Hindenburg scandal are the main reasons for PSBs' underperformance, as per V K Vijayakumar of Geojit Financial Services.

Wipro's Rs 12,000 crore share buyback program overshadowed weak Q1 FY24 revenue guidance, leading to a 3.6% surge in its shares on Friday. Analysts opined that the stock may remain stable in the short-term due to the large buyback program but may impact payout over FY24/25E, thereby not warranting a re-look. The Q1 revenue guidance cut to 1-3% implied no growth in FY24, indicating divergence between revenue and deal intake. Several analysts lowered their price targets and EPS estimates, and expect Wipro to underperform peers in revenue growth over FY24-25E.

IT companies results brought volatility with downward bias, however financial sector companies and especially insurance sector players, have seen a bounce back after their Q4 results. This could be due to the fact that after the union budget, insurance companies had seen a sharp decline and the market punished them more than required. Will there be other companies in the financial sector which could see similar bounce back. We take a look at what analysts are saying for select financial service stocks.

The IPO market in India has remained steady during Q1 of 2023, with four IPOs taking place during the quarter, one higher than in the same period last year. Despite the fundraising via IPOs dropping 89% YoY to $107m in line with the global trend of reduction in issue sizes, India has remained top in terms of the number of IPOs during Q1. However, most of these are attributed to small-ticket IPOs, and there has been a greater increase in the number of deals and proceeds raised in the SME segment.

Shares of Axis Bank fell 2% after the lender reported a higher-than-expected loss in Q4 due to the acquisition of Citi’s India retail business. However, brokerages are optimistic about the bank's performance in the future, with Kotak Institutional Equities maintaining a buy rating and Jefferies noting that valuations are at a 30% discount to ICICI Bank and could narrow given the reducing gap on return on assets and return on equity. Nuvama also retains its buy rating on the bank, citing the potential for a re-rating.

Experts suggest that Siemens stock, which hit a new record high of Rs 3,481 on 27 April 2023, is expected to surpassRs 3,600 levels in the short term. The stock is trading well above most short and long-term moving averages and showing an overall uptrend on the monthly scale. In addition, it may give a breakout from a rising channel pattern which would further boost the stock. Traders are advised to buy the stock at current levels, keeping a stop loss below Rs 3,333, for an upside move towards Rs 3,650 zones in the next 3-4 weeks.

The Bank of Japan (BOJ) has decided to conduct a "broad-perspective" review of its monetary policy but kept monetary settings unchanged at its meeting on Friday, as widely forecasted. BOJ maintained its short-term interest rate target at -0.1%, with the 10-year bond yield target at 0%. The yen dropped about 0.6% to a one-week low of 134.87 per dollar and Japanese government bonds rallied, as inflation forecasts rose across the board. Experts expected tweaks by July, but the announcement of a policy review with a 1-1.5-year timespan suggests that the Japanese yen may become a Treasury yield story for now.

In the NSE list of stocks with a market cap of over Rs 1000 crore, seven stocks crossed their previous 5-year high value at the close on April 27, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

We spoke to Puneet Tewani, Founder and CEO of Fox Trading Solutions on the Rolling Straddle strategy for investors with a high-risk profile. It can be deployed with an initial investment of around Rs 2 Lakh on the expiry day as well as on Tuesday and Wednesday.

Sensex rises 80 points, Nifty above 17,900; Wipro gains 2%, Trent tanks 5%; Vodafone Idea, Rail Vikas Nigam, Ircon International are some of the top gainers in the morning trade.

In the NSE list of stocks, four stocks with a market cap of over Rs 100 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 27. Take a look:

On the sectoral front, Nifty Financial Services declined 0.42% and Nifty Bank fell 0.21%. Whereas, auto, IT, media, metal, pharma, and healthcare sectors opened with gains. In the broader market, Nifty Midcap 100 advanced 0.52% and Nifty Smallcap 100 gained 0.74%.

HCL Tech and Sanofi India's stocks are being watched as they trade ex-dividend. HCL Tech announced a dividend of Rs 18 per share, and the record date is April 28, with a subsequent payment date of May 9. For Q4 of the fiscal year 2022, HCL Technologies showed 11% growth YoY with a net profit of Rs 3,983 crore. Meanwhile, Sanofi India declared a final dividend of Rs 194 per share and a second special dividend of Rs 183 per share for the fiscal year ended December 31, 2022.

In the Nifty500 pack, five stocks' prices crossed above their 200 DMAs (Daily Moving Averages) on April 27, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders to determine 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. Take a look:

Nifty companies UltraTech, SBI Cards, Star Health and IndiaMart will release their Q4 earnings today. Motilal Oswal predicts UltraTech Cement's sales volumes growth by 14% YoY and 22% QoQ. SBI Card's revenue growth is expected at 15% YoY, while NII growth is seen at 3%. Kotak Institutional Equities estimates Star Health to report a net profit of Rs 81 crore this quarter. Lastly, IndiaMart is expected to report robust revenue growth, while the bonus issue will be considered with the Q4 results.

The price of this company has been consolidating in the broader range of Rs 155 –Rs 135 since November. Recently, the price has given a symmetrical-triangle breakout within which was moving since early March. The narrowing of the range inside a triangle acts like a suppressed spring and the breakout acts as the release. This breakout is supported by a rise in volume.

Indian market closed higher for the sixth consecutive day due to positive global cues, with the S&P BSE Sensex rising over 300 points and Nifty50 closing above 17,900 levels. Stocks that performed well include Raymond, which rose by over 6%, Glenmark Pharma with over 5%, and KPIT Technologies which saw a fresh 52-week high. Technical expert Amol Athawale of Kotak Securities recommends 1640 as the trend decider level for Raymond, while 530 is expected to act as an important support zone for Glenmark Pharma and 880 is the trend decider level for KPIT Technologies.

The markets had a positive day on Thursday, the expiry of the monthly derivatives series, with the Nifty ending the day with more than half a percent rise. The volatility index, though, plunged almost 2 percent during the day, raising further fears of a strong correction.

Nifty futures on the Singapore Exchange traded 67 points, or 0.37 per cent, higher at 18,060, signaling that Dalal Street was headed for positive start on Friday. Here are some stocks which are expected to see some action in trade today.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on RIL and Glenmark while Nooresh Merani has a buy/sell recommendation on L&T and Apollo Hospitals for today's trading session. Check out the targets and stoploss.

Meta shares rose 14% after the earnings report, lifting Zuckerberg’s fortune to $87.3 billion and boosting him up a notch on the Bloomberg Billionaires Index to 12th place. It’s the highest the Meta chief executive officer’s wealth has been in more than a year.

The Nasdaq led gains on Wall Street on Thursday, buoyed by Facebook parent Meta Platforms posting quarterly results that beat revenue forecasts. The social media giant also claimed artificial intelligence was helping to drive traffic to its services and lift ad sales. The S&P 500 communication services index saw its biggest daily percentage gain since February 2022 of 5.5%. Alphabet's upbeat results, Eli Lilly's raised full-year profit forecast and Comcast's impressive financial results lifted the index. However, economic data for the first quarter revealed US growth slowing more than analysts had anticipated, with deceleration expected to continue.

Amazon.com's CFO Brian Olsavsky has told analysts that customers using its cloud services kept trying to slim down their bills during Q2 2021, meaning the company was helping them to do so to build long-term relationships. Consequently, revenue growth rates were about 5% points lower in April than in the first quarter. The news saw the entire gain in the stock rise vanish in just minutes of after-hours trading. The company's surprise gain and subsequent fall illustrates a potentially precarious moment for the firm, which is facing a nascent threat from Microsoft and Google, which are rolling out high-profile artificial intelligence tools.

Asian stocks rose on Friday buoyed by strong corporate earnings despite persistent concerns of economic weakness. The MSCI’s broadest index of Asia-Pacific shares outside Japan increased by 0.94%. Japan’s Nikkei gained 0.51%, and the S&P/ASX 200 index in Australia rose 0.33%, while China shares slumped. Investors awaited a policy decision from the Bank of Japan, which is widely expected to maintain the short-term interest rate target of -0.1% and estimates for guiding the 10-year bond yield remain unchanged. Meanwhile, the US Federal Reserve is expected to raise interest rates by 25 basis points at its meeting next week.