The 30-share BSE benchmark Sensex rises 13 points; Tata Motors top gainer

Closing Bell: Sensex ends flat in volatile trade; Nifty above 17,600; ONGC rises 4%, Wipro 2%.

Due to absent competition, such drugs become huge cash cows for innovator companies. Titans in this space include companies like Gilead Sciences, J&J, Roche, Merck, Amgen, Pfizer, AbbVie, Novartis, and AstraZeneca, to name a few.

“It is a prudent strategy to invest a lump sum amount in certain mutual fund categories and use the returns to pay home loan EMIs, especially if the home loan rates are sub-8% p.a.”

India's overnight indexed swap (OIS) rates suggest the Reserve Bank of India (RBI) will cut interest rates towards the end of 2023. The rates plunged after the RBI kept the repo rate at 6.50% last week. ICICI Securities Primary Dealership senior economist Abhishek Upadhyay said the swaps market was also pricing in the same. Nomura economists said they expected consensual cuts in the October-March period of 75 basis points, after the RBI halted its policy of sixeenth rate hikes totaling 250 basis points in fiscal 2023.

Last month, Financial Times carried a report saying that offshore companies linked to the Adanis invested at least $2.6 billion in the group between 2017 and 2022, which is 45.4% of the more than $5.7 billion it received in total FDI over the period.

As the earning season kicks off with TCS results on 12th April, focus would stay on top 5 IT companies. However, there is more to the IT sector. It is mid and small cap IT stocks. While they have been in correction mode for the last more than nine months, if one looks at the bigger picture, after April 2020, mid and small cap companies have gone through a sea change both in their business models, customer profiles and most importantly their valuation matrix.

In a recent exchange filing, the company said it has achieved a new milestone in offline payments with the deployment of 6.8 million Paytm payment devices like Soundbox and PoS. In just one year, the company has gone to 6.8 million devices deployed from 2.9 million devices a year ago.

The company said it is splitting its shares to improve the liquidity of the company's shares in the market and make it more affordable for small investors and retail investors. The split will be completed within 3 months from the approval of the Board.

Reliance Retail and Adani Group JV have shown interest in acquiring Future Retail. As many as 49 applications have been received so far in acquiring Future Retail. Even previously, Reliance Retail and Adani Group JV had submitted bids for Future Retail, however, the prospective resolution applicants (PRAs) did not turn up at the time of submission of the final bid. ET NOW's Ankur Mishra has all the exclusive details.

"The Board of Directors of the company approved the payment of a second interim dividend for the financial year 2022-23 at Rs 4 (Four rupees only) per share," the company said in a filing.

The fallout from Silicon Valley Bank’s collapse has spurred mixed narratives as to where policy and markets are headed. While worries of a recession are mounting, they’re also stoking optimism that the Fed will be forced to pause its rate-hike campaign, even as the central bank grapples with sticky inflation.

In CY23, the Nifty Metal index has been struggling. It has recorded a decline of roughly 18%, making it the worst performer so far. Compared to this, the benchmark Nifty has only dropped by about 3%. Out of the 15 stocks that constitute the Nifty Metal index, 12 have witnessed a negative performance in CY23, with five of them witnessing a significant decline of 10-55% in just over three months. Despite this, four out of these five stocks have the potential for growth, with a possible upside of 25-100%, according to Trendlyne data. (Data Source: ACE Equity)

The listing of the 10 companies on the main boards in Shanghai and Shenzhen marks the full roll-out of China's U.S.-style IPO mechanism, designed to make public share sales more market oriented. The system had already been adopted by Shanghai's tech-focused STAR Market, Shenzhen's start-up board ChiNext and the Beijing Stock Exchange for small companies

The company caters to data management and decision support services across banking & financials, healthcare & lifesciences, supply chain & logistics, energy, education and environment.

Japanese stocks closed higher on Monday, with the yen a touch weaker, on hopes the global economy could hold up in the face of high inflation and interest rates, but moves were modest ahead of Bank of Japan Governor Kazuo Ueda's first news conference.

The company owns large and small format stores under the Big Bazaar Brand. It also has a 100% subsidiary which runs nearly 100 stores under the WH Smith brand. The shares of the subsidiary could be available for a buyer to purchase. The company also owns the Foodhall brand of stores though the stores under the brand number are under ten currently

After three months of volatile movement with bearish bias, the underlying trend in the volatility has shown the first sign of turning toward bulls. But the overall trend remains volatile. Even in such times during this period, some stocks have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

This year's summit will be held entirely online, with a lineup of expert speakers and interactive breakout sessions designed to provide attendees with valuable insights and networking opportunities.

In Q3 FY23, Adani Total Gas posted 17% growth in consolidated net profit at Rs 150 crore. The same was Rs 128 crore in the corresponding quarter of last year. Its revenue from operations rose 27% year-on-year (YoY) to Rs 1,185 crore for the third quarter of FY23. It was Rs 931 crore in the same quarter last year.

The stock started its upward journey after making a 52-week low of Rs 81 on 20th June 2022. It started making higher highs and higher lows, but the momentum fizzled out in August 2022.

The quarter and the financial year also marked the company’s highest-ever project deliveries. The developer delivered projects aggregating over 10 million sq ft across 5 cities in 2022-23 including 7.6 million sq ft in the fourth quarter.

There were gains of 10, 5, and 15 points in five sessions. We are looking at a 5-day pattern, so we divide it by 5. Hence, the average gains are 6 points. Losses add up to 10-points, 5 points in two sessions. When divided by five, the average loss is 2 points.

The price of this company had formed a short-term peak in early March at Rs 933 and has been sliding lower, thereafter. A few sessions’ price was consolidating and has now given a trendline resistance breakout, after forming a higher low. This breakout is supported by a rise in volume which increases the reliability of the breakout.

The stock started its upward journey after making a 52-week low of Rs 81 on 20th June 2022. It started making higher highs and higher lows, but the momentum fizzled out in August 2022.

The price of this company had formed a short-term peak in early March at Rs 933 and has been sliding lower, thereafter. A few sessions’ price was consolidating and has now given a trendline resistance breakout, after forming a higher low. This breakout is supported by a rise in volume which increases the reliability of the breakout.

In the NSE list of stocks with a market cap of over Rs 10,000 crore, nine stocks closed above their 200 DMA (Daily Moving Averages) on April 6, 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 company reported its global wholesales at 3,61,361 units for the quarter ended March 31, 2023, up by 8% over FY22, the company informed in its filing to the exchanges. The global wholesales also included sales of its flagship Jaguar Land Rover vehicles. Global wholesales for Jaguar Land Rover stood at 107,386 vehicles. Jaguar wholesales for the quarter were 15,499 vehicles, while Land Rover wholesales for the quarter were 91,887 vehicles.

The last trading day of the week on Thursday saw the markets move in a defined range, with the Nifty ending the day with a low gain. The volatility index has tested a previous low point, causing anxiety in the markets.

"Also, on the hourly momentum indicator we can observe negative divergence which indicates loss of momentum on the upside. After witnessing a 700 points rally in the last five trading sessions a consolidation is highly likely," Gedia said.

On the sectoral front, Nifty Auto gained 0.84% and Nifty Realty rose 1.63%. PSU banks, IT, media, metal, pharma, consumer durables and oil & gas stocks also opened with gains. In the broader market, Nifty Smallcap50 rose 0.11%, while Nifty Midcap50 opened flat.

Sensex rises 150 points, Nifty above 17600; Tata Motors, Godrej Prop rally 5% each; Future Consumer, Vakrangee, BHEL are some of the top movers in morning trade.

In the NSE list of stocks, five 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 crossed below their 200-day SMAs on April 6. Take a look:

So far in 2023, Nifty has fallen over 3% amid weak global cues. However, the Indian equity market witnessed some relief last week when the RBI, in a surprise move, decided to keep the repo rate unchanged at 6.50%. Amid this backdrop, a host of analysts have shared their views on particular stocks that look promising on tech charts in near term. Here is a list of 4 tech picks from various analysts:

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 L&T and Bajaj Auto while Nooresh Merani has a buy/sell recommendation on BEL and Indian Hotels for today's trading session. Check out the targets and stoploss.

Nifty futures on the Singapore Exchange traded 22 points, or 0.12 per cent, lower at 17,694.50, signaling that Dalal Street was headed for negative start on Monday. Here are some stocks which are expected to see some action in trade today.

Post reversal, the stock has already rallied over 8%. Currently, the stock is comfortably trading above short-term averages, and it also formed a range breakout formation on the weekly charts which indicates the continuation of the uptrend in the future.

"Not only should high inflation and a still-strong labour market keep cuts unlikely," according to Citi strategists. "But we see persistently too-strong inflation as leading to further hikes." Citi expects three further 25 basis point rate hikes.

Tata Motors global wholesales in the fourth quarter, including Jaguar Land Rover, were at 3,61,361 units, higher by 8%, as compared to the same period last year.

Further, with the start of the fourth quarter earnings season, there will be stock specific action and IT majors TCS and Infosys will be in focus ahead of results later this week.

American asset manager Nuveen and Dutch development bank FMO have put in Rs 165 crore each in Arohan while Piramal Alternatives and a European development financial institution invested Rs 200 crore each.

While bank loans rose 14.6 percent in FY'23, deposits rose just 9.6 percent. Credit growth in the last fiscal is the highest since FY'2011-12 during which credit rose 17 percent. Significantly, lending rates rose the steepest in FY'23.

The Mauritius Revenue Authority (MRA) has launched a probe into the finances of at least seven investment managers (IMs) who advise funds on stocks in markets such as India. The MRA is said to be questioning the fees earned by the IMs and the extent to which income is transferred to entities in other countries. Mauritius previously attracted foreign investors thanks to its affordable fees and business-friendly laws. However, other jurisdictions embarked on a crackdown on tax havens prompting tax offices to seek substance in investment structures.

Canadian investor Brookfield has agreed to invest $1bn in Avaada Ventures to support green ammonia plans and scale up renewable energy, in what would be the largest investment by a clean energy company in one go. Vineet Mittal, founder of the Avaada group, signed a formal agreement with Brookfield, with the first tranche of $400m already disbursed. The remaining $600m will be disbursed based on performance-linked milestones.

The loan was linked to the Euribor or Euro Interbank Offer Rate, which is the interest rate at which a panel of European banks borrow funds from one another.

Government figures Wednesday are expected to show a 0.4% monthly gain in the core consumer price index, which excludes food and energy and better reflects the scope of underlying inflation.

The April F&O series had started with high futures open interest of `2.2 trillion, largely led by FPI shorting index futures. FPIs’ shorts were about 91% in total share of their open interest in index futures. Extremely oversold conditions and global risk-on have enabled domestic equities to recover smartly.

The infusion of debt capital will happen through a jointly-formed special purpose vehicle (SPV) which would float instruments like debentures that Indiabulls and Oaktree would subscribe to.

Investors who wager shares in a company will fall were increasing bets on First Republic's stock when it was already taking a beating, making it difficult for the bank to recover its value.

Summers discounted Friday's March jobs report, which he said reflected the strength of the economy early in the first quarter but is now less relevant given prospects of a tightening in credit. The data showed another firm gain for US payrolls, with the unemployment rate dipping to 3.5%.