Indian markets are expected to trade in a narrow range on Thursday following mixed global cues. The Sensex gained over 150 points, and Nifty50 closed above 17800 levels. The India Vix was up by 1.15%, and the maximum call OI is placed at 18000, and the maximum Put OI is placed at 17700. On the options front, minor call writing is visible at 17850 then 17950 strikes, while Put writing is seen at 17700 then 17800 strikes. A small-bodied bullish candle was formed on the daily frame, indicating support-based buying at lower zones. Stocks collated from various experts for short-term trading include GNFC, Siemens, BergerPaints, Newgen, GAIL India, Apollo Hospitals, Titan Company, DLF, and Gland Pharma.

The Price of this refinery has been consolidating in the broad range of Rs 64-Rs 49 since December. Recently, the price has bottomed out by forming similar lows in February and March. After moving in a narrow range, this month’s price has given a symmetrical triangle breakout. This breakout is supported by a rise in volume.

From the Sensex pack, Bajaj Finance was the top gainer, rising over 1.5% following its Q4 results. Bajaj Finserv, IndusInd Bank, Nestle, Tech Mahindra, Reliance, and Infosys also opened with gains. On the flip side, Power Grid, Sun Pharma, TCS, HDFC and SBI opened with cuts.

In the NSE list of stocks, four stocks with a market cap of over Rs 250 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 26. Take a look:

Nomura Holdings, Japan's biggest brokerage, recorded a 76% fall in quarterly net profit in Q1 2018 due to weakened investment banking business. The fall joined Wall Street investment banks that also recorded a slump in dealmaking fees, as global mergers and acquisitions activity shrunk to the lowest levels recorded in over a decade. Concerns over a global banking crisis have weighed on investors, causing them to revaluate volatile markets. The wholesale division of Nomura sustained its second consecutive quarterly loss of ¥14.2bn ($106m) pre-tax, which has cast doubts over CEO Kentaro Okuda's midterm plan to raise core pre-tax profit by up to 90%.

Sensex flat, Nifty above 17,800; Bajaj Finance, Raymond gain 2% each; City Union Bank, Future Consumer, Vodafone Idea are some of the top gainers in morning trade.

Following the announcement of Q4 results by several companies, a few brokerages have upgraded the target prices on a number of counters in the last one month. These stocks belong to various sectors like IT, banking, FMCG and others. Here's a list of 10 stocks that earned upgrades in the last one month, according to Trendlyne data:

The markets on Wednesday opened low, but quickly moved into the positive territory, with the Nifty ending the day with a gain of a quarter of a percent. The Bank nifty too extended its gains.

These resignations, which haven’t previously been reported, happened just days before the SC ordered a committee to probe if regulators had failed to oversee Adani Group. Meanwhile, Sebi is examining whether some transactions between the group and Vinod were properly disclosed.

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 Titan and DLF while Nooresh Merani has a buy/sell recommendation on Gail and Apollo Hospitals for today's trading session. Check out the targets and stoploss.

The Price of this refinery has been consolidating in the broad range of Rs 64-Rs 49 since December. Recently, the price has bottomed out by forming similar lows in February and March. After moving in a narrow range, this month’s price has given a symmetrical triangle breakout. This breakout is supported by a rise in volume.

In the Nifty500 pack, six stocks' prices crossed above their 200 DMAs (Daily Moving Averages) on April 26, 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. Take a look:

Nifty futures on the Singapore Exchange traded 48 points, or 0.27 per cent, lower at 17,866, signaling that Dalal Street was headed for negative start on Thursday. Here are some stocks which are expected to see some action in trade today.

Asian shares extended losses on Thursday as troubles at U.S. lender First Republic Bank continued to unnerve investors amid concerns that growth in the world's biggest economy could surprise to the downside. Nevertheless, tech giants bucked the trend, with Nasdaq futures up 0.4%. Nomura shares fell by more than 7% after the biggest brokerage in Japan saw a sharp fall in quarterly net profit. Investors await news on whether buyers will step in and engineer a turnaround for First Republic Bank, whose market value sank 41% to $888m earlier this week.

Meta Platforms Inc, the parent company of Facebook and Instagram, is benefiting from investments in AI-friendly hardware and software systems as suggested by CEO Mark Zuckerberg. The social media giant beat Q1 profit and revenue estimates, with ad sales boosted by AI recommendations on Instagram. The company also reported narrowing its annual expenses forecast and anticipates Q2 revenues between $29.5bn and $32bn. Shares surged 12% in after-hours trading, adding $50bn to its market value. Meta has been working on a massive project to upgrade AI capacity to improve its core business while carrying out several expensive overhauls.

The Indian market closed higher on Wednesday, with S&P BSE Sensex up over 150 points and Nifty50 above 17800 levels. The buying was seen in realty, capital goods, telecom, and power sectors but selling was visible in metals, oil & gas, energy, and healthcare sectors. KEI Industries stock surged up to 5.78% intraday and GSFC shares gained over 20%, while IPCA Laboratories stock fell more than 5% following investors' negative reaction to the company's purchase of a 33% share in Unichem Laboratories. Equity Research, CapitalVia Global Research recommends avoiding the latter stock and buying KEI and GSFC shares.

The Nasdaq saw gains on Wednesday following strong earnings reports from Microsoft, but the S&P 500 and the Dow both experienced losses due to investor concern over a weakened US economy and the banking sector. Banking stocks were hit hard, as regional bank First Republic hit a record low causing watchdogs to consider devaluing its borrowing ability via the Fed. First-quarter earnings reported a 3.2% contraction in profit for S&P 500 companies. Despite this, the technology sector gained 1.7% and companies such as PacWest Bancorp were successful in beating first-quarter profit expectations.

The Nasdaq saw gains on Wednesday following strong earnings reports from Microsoft, but the S&P 500 and the Dow both experienced losses due to investor concern over a weakened US economy and the banking sector. Banking stocks were hit hard, as regional bank First Republic hit a record low causing watchdogs to consider devaluing its borrowing ability via the Fed. First-quarter earnings reported a 3.2% contraction in profit for S&P 500 companies. Despite this, the technology sector gained 1.7% and companies such as PacWest Bancorp were successful in beating first-quarter profit expectations.

These resignations, which haven’t previously been reported, happened just days before the SC ordered a committee to probe if regulators had failed to oversee Adani Group. Meanwhile, Sebi is examining whether some transactions between the group and Vinod were properly disclosed.

SBI Life has reported a net profit of Rs 777 crore for the quarter ended March. The profit was higher by 15% compared with Rs 672 crore in the same quarter of last year.

Torrent Investments and Oaktree Capital didn't submit bids, although they had indicated earlier that they would participate in the process, the people said.

The stock price fell as much as 3.5% to $156.54 in New York and is on pace to close at the lowest level since January. 25. If the decline holds until the end of regular session, the company will have lost more than $70 billion from its market capitalisation over five trading sessions since posting disappointing earnings. The shares are down more than 25% in April alone.

The spun-off business, or entity, which is the newly-listed entity, shall be removed from the index after the end of day on the third day of its listing, said NSE in a circular.

"The policy is favourable for the shareholders, especially the minority ones," said Nilesh Shah, managing director, Kotak Mahindra AMC. "It gives predictability and clarity to shareholders on how a company will distribute dividends or issue bonus shares."

Vedanta Netherlands Investments BV, a promoter group company, has reduced its stake in Vedanta Ltd from 1.71% as of December 31, 2022, to 0.13% as of March 31, show the data. The sold shares are worth over ₹1,600 crore as per the latest stock price.

The company - which fell short of attaining the 2 million annual sales milestone by around 34,000 units in the last financial year - said with a slew of new launches planned in the fast-growing SUV segment, it expects to outperform industry growth of 5-7% projected for the ongoing financial year.

Loan against FD (Fixed Deposit) is a type of secured loan where customers can pledge their fixed deposit as security and get a loan in return. The amount of the loan depends on the FD deposit amount. This can go up to 90% – 95% of the deposit amount.

​​FIAKS, a cross-border platform comprising over 5,000 members, will carry out research, development, and designing of digital content under the programme FIAKS Digital Shiksha Prasaar Abhiyaan along with other partners.

Ipca on Monday announced the acquisition of Unichem by acquiring a 33.38% stake from the promoter at ₹1,034 crore. It will spend another ₹800 crore for the mandatory open offer to buy another 26% stake of Unichem's minority shareholders.

In a circular on Tuesday, the Sebi barred stockbrokers from creating bank guarantees by pledging clients' funds starting from May 1. Brokers must close all existing bank guarantees by September 30. The move aims to curb misuse of investors' money.

Even though trustees have no role in the day to day functioning of VC and alternative investment funds (AIFs), the regulator seems to be taking a stance where trustee companies should play a more active part in stepping in to prevent oversight, violations, and slip-ups by fund managers.

Shares in logistics firm Delhivery have fallen by half since July 2022, but have risen over 21% in the past three months. After hitting an all-time high on July 21, 2022, the stock failed to maintain momentum, falling to a low of Rs 291 ($4) in January 2023. However, it began to show signs of recovery after January.

These instruments, which are listed on the BSE and NSE, could return 11.5% to investors with a lower tax outgo. Investors should buy these instruments to hold till maturity as liquidity is low.

They also engaged in spreading false and misleading messages recommending buying specific stocks in the Telegram channel and booked profits from the resulting impact on price and volume of the recommended stock, SEBI said in its order.

"After witnessing positive divergence on RSI on a lower time frame, Delhivery stock price has now formed higher low and higher high, thereby confirming trend reversal," Gaurav Bissa, VP, InCred Equities, said.

Two individuals, Surabhi Shah and Saumil Shah, settled with Sebi in a case related to alleged insider trading in the shares of Poonawalla Fincorp. They paid settlement fees of Rs 1.72 crore and Rs 39 lakh respectively and disgorged the impounded ill-gotten gains of Rs 1.76 crore. Sebi had issued a show-cause notice alleging insider trading violations by the Shahs. The regulator found that the applicants were insiders who traded in Magma shares based on unpublished price-sensitive information regarding Poonawalla Group's interest to invest in Magma.

Indian equity benchmarks Sensex and Nifty extended their winning streak for the third straight session, backed by IndusInd Bank, Nestle India and HCL Tech, while losses in global equities and continuous foreign fund outflows restricted gains in the market, according to traders. Microsoft drove gains on US equities, while bank worries and the banking sector dragged European shares down, showing their largest drop in a month. Stocks of Power Finance, Gujarat State Petronet, KPIT Technologies and Ambuja Cements carried bullish trends, while Anant Raj, Maruti Suzuki, Muthoot Finance, Macrotech Developers, and Aster DM Healthcare expressed bearish patterns.

The spun-off business or entity, which is the newly listed entity, shall be removed from the index after the end of the day on the third day of its listing, said NSE in a circular.

Continuing their winning streak for the fifth straight day, Nifty topped 17,800 levels at the close. Meanwhile, broader markets also ended with marginal gains.“Market may go sideways after a sharp rise and that may be considered as healthy in the long run. Overall structure shows that the index may witness consolidation or profit booking from higher levels. However, an attempt to test 17950-18000 can be ruled out. Traders may find buying opportunities if the 17700 level is protected,” Om Mehra, Equity Research Analyst, Choice Broking, said.Here are stock recommendations for Thursday:

ET Markets' focus for today's mutual fund analysis is on stocks that were exclusively held by a particular fund house and not by any other schemes. Initially, the list consisted of 187 stocks, but we refined it by considering stocks with a market value of over Rs 10 crore as of March 2023 and had witnessed a share price growth rate ranging between 50% and 150% in the past year. After applying these criteria, we were able to narrow down our selection to 7 stocks that met our criteria. (Source: ACE MF)

The Dow Jones Industrial Average rose 65.51 points, or 0.20%, at the open to 33,596.34. The S&P 500 opened higher by 16.15 points, or 0.40%, at 4,087.78.

The Nifty is moving towards the key resistance level of 17,863, a break of which could lead to significant gains, according to Nagaraj Shetti of HDFC Securities. Kunal Shah of LKP Securities advised traders to keep a buy stance and expect targets of 18,000/18,200 in the short term. Sharekhan by BNP Paribas's Jatin Gedia said support levels to watch are 17700-17680, and a break above 17860-17880 could boost the Nifty towards the psychological 18,000 mark. Kotak Securities' Shrikant Chouhan said the index could move up to 17900-17950, but could slip to 17650-17625 if support levels fail.

The Sensex benchmark index surged 170 points on Wednesday, to close at 60,300 level. This rally resulted in nine BSE 500 index stocks reaching new 52-week highs. For some traders and investors, the 52-week high is an important technical indicator used to assess a stock's current value and forecast future price movements. It signifies the highest price at which a stock has traded in the last one year.

Indian equity indices rose for the fifth consecutive day, led by banking, financial, auto, and IT stocks. The Sensex gained 170 points, while the Nifty added 44 points. Shares of Gujarat state PSUs closed up to 20% higher after the Gujarat Government announced a new policy for minimum levels of dividend distribution and bonus shares for its PSUs, including listed companies.

Maruti Suzuki, India's biggest carmaker, has proposed a record-breaking dividend of INR 90 per share for the FY ending 2023. This marks an increase from last year's dividend of INR 60 per share. The dividend payout will be due on September 6, 2023, provided that shareholders approve it at the next annual general meeting. Maruti Suzuki reported a net profit of INR 2,624 crore in Q1 FY23, an increase of 43% YoY, and its operating income increased by 47% YoY during the quarter.

Sectorally, Nifty FMCG advanced 0.71% and Nifty Auto surged 0.53%. Nifty Bank and Nifty IT also closed higher. In the broader market, Nifty Midcap100 rose 0.15% and Smallcap100 gained 0.46%.

Closing Bell: Sensex rises for 5th straight day, ends 170 pts higher; Nifty above 17,800; Voda Idea gains 4%, Power Grid 3%.

KPIT Technologies has recommended a final dividend of Rs 2.65 per equity share, worth 26% of face value, for the financial year ending March 2023. The company reported revenue growth of 42% year-on-year in dollars, and 8.5% on constant currency basis for the March quarter, while its net profit stood at Rs 112 crore, recording an increase of 60% YoY. KPIT forecasts its growth for fiscal 2023-24 to be between 27% to 30% in CC revenue while estimating its EBITDA margin at 19% to 20%. Shares of KPIT Tech traded almost 5% higher at Rs 892 on Wednesday.

Ksolves India, a smallcap software development firm with a market cap of INR750cr, has declared a final dividend of INR8 ($0.11) per share for FY22-23, subject to shareholder approval. The development company reported revenues of INR23cr in 1QFY22-23 compared with INR14cr YoY, and a net profit of INR7.3cr. Elsewhere, mid-cap IT firm Persistent Systems has announced a final dividend of INR12 per share, along with a special dividend of INR10 per share for FY23, after achieving $1bn in annual revenue.

Reliance Industries' strategy to diversify and dominate multiple industries will boost spending and mitigate its elevated capex requirements, according to rating agencies. S&P Global Ratings suggests that the company's investment appetite will decrease, though it will remain committed to maintaining leverage commensurate with its rating. RIL's continued growth in operations will lessen its leverage, while its large, diversified operations and dominant market shares in key sectors provide earnings resilience