Nifty ends April F&O series above 17900; Bajaj twins, Bharti Airtel support

CLOSING BELL: The S&P BSE Sensex, meanwhile, rallied 349 points to settle at 60,649

4:14 PM

COMMENT:: Markets shifting towards a positive terrain aided by FIIs flow, Q4 earnings

The domestic market is gradually shifting towards a positive terrain, supported by FIIs inflows and positive Q4 earnings from banks. On the global front, the US Q1 GDP number which will be unveiled today is anticipated to moderate on a QoQ basis amid concerns over banking contagion and a slowing economy. The next week's FED policy will be keenly monitored. The FED may further hike by 25bps, but the expectation is that this will represent the peak and a long pause.

 

- Vinod Nair, Head of Research at Geojit Financial Services
 

4:13 PM

Nifty could rally towards 18,000 - 18,100 in the near term

The headline index Nifty has moved up higher towards the closing. On the daily chart, the index has given an inverted head and shoulder pattern, suggesting a bullish reversal. Besides, the index has remained above the critical moving average. On the higher end, Nifty might move towards 18,000/18,100 over the near term. On the lower end, support is placed at 17,800.

 

- Rupak De, Senior Technical Analyst at LKP Securities
 

4:12 PM

Bank Nifty could move towards 43,300 - 43,500

The Bank Nifty continues to move higher during the day. On the daily chart, the index has remained above the consolidation breakout point. Besides, the index has remained above the critical moving average. On the higher end, Bank Nifty might move towards 43,300/43,500 over the near term. On the lower end, support is placed at 42750.

- Rupak De, Senior Technical Analyst at LKP Securities

4:08 PM

After a dismal FY23, is the tide turning for mid, small-cap segments?

The S&P BSE Small-cap and Midcap indices have surged around 6 per cent and 4 per cent, respectively, as against a 2 per cent gain on S&P BSE Sensex so far in FY24. READ MORE

.

4:07 PM

Should investors worry about the slowing AUM growth at Bajaj Finance?

Recent price correction in Bajaj Finance's stock, strong growth outlook, peaking of rates, and potential to enter credit cards market, make risk-reward favourable, analysts said. READ MORE

4:05 PM

City Union Bank jumps 5% on re-appointment of N Kamakodi as MD & CEO

Shares of City Union Bank (CUB) surged 10 per cent to Rs 146.50 on the BSE in Thursday's intra-day trade after the Reserve Bank of India (RBI) approved the reappointment of N. Kamakodi as the managing director and chief executive officer (MD and CEO) of the bank for three years with effect from May 1, 2023. READ MORE

4:02 PM

ITC extends rally, hits new high; surges 25% so far in calendar year 2023

Thus far in calendar year 2023, ITC surpassed Infosys, HDFC, SBI, Bharti Airtel, Adani Enterprises and Life Insurance Corporation of India (LIC) in market-cap ranking. READ MORE

4:00 PM

L&T Technology Services soars 8% on healthy Q4 results, strong outlook

For FY24 the company has guided CC revenue growth of 20 per cent plus with organic growth of 10 per cent plus. READ MORE

3:58 PM

Bajaj Auto gains 3%, hits new peak post Q4 nos on healthy growth prospects

The management said that retails in export market were steadily improving, and inventory levels were low as customers are now accepting increased prices. READ MORE

3:55 PM

KPIT Technologies rallies 11% in two days, hits new high on strong Q4 results

For FY24 the company has guided CC revenue growth of 27-30 per cent & EBITDA margin of 19-20 per cent. READ MORE

3:53 PM

Raymond soars 7%, hits new peak on Godrej Consumer Products deal buzz

According to a report, Godrej Consumer Products was in advanced talks for a deal with Raymond for its consumer care business that includes the Park Avenue male grooming brand and Kamasutra condom. READ MORE

3:50 PM

BSE Smallcap Heatmap:: Chennai Petro zooms 14%; Lloyd Steel sheds 6%

3:46 PM

BSE Midcap Heatmap:: LTTS, Glenmark, Voda Idea soar up to 8%; Voltas slumps 5%

3:43 PM

Broader indices gain in tandem with Nifty 50; India VIX declines 2%

3:41 PM

Nifty 50 Gainers:: 15 out of the 50 Nifty stocks end with gains in excess of 1%

3:38 PM

Sensex 30 Heatmap:: 24 Gainers v/s 6 Losers

3:35 PM

CLOSING BELL:: NSE Nifty50 surges 101 pts on monthly F&O expiry day; ends atop 17,900

3:33 PM

CLOSING BELL:: S&P BSE Sensex extends rally, ends higher for 6th straight day; gains 349 pts on Thursday

3:25 PM

Stress tests show Indian banks can tackle 'severe' instability: RBI Guv Das

RBI governor Shaktikanta Das said that the gross NPAs of Indian banks stood at 4.41% as on December 31, 2022. READ MORE

3:15 PM

Earnings Alert:: Laurus Labs Q4 net falls over 54%; stock down

Laurus Labs today reported 54.6 per cent drop in net profit at Rs 105.27 crore for the quarter ended March 2023 when compared with Rs 231.72 crore in the same quarter a year ago. Total income was down 3 per cent YoY at Rs 1,382.61 crore.

3:03 PM

India's growing economy will become more essential for US businesses: USIBC

President of the US India Business Council (USIBC) Atul Keshap said on Wednesday that US' business-to-business ties with India are directly creating good jobs for the American middle class. READ MORE

2:54 PM

Earnings Alert:: Kirloskar Pneumatic Q4 net up 9%; stock slumps 10%

Kirloskar Pneumatic reported a 8.7 per cent growth in net profit at Rs 108.58 crore in Q4FY23 as against Rs 84.92 crore in Q4FY22. 

2:43 PM

Bajaj Auto gains 3%, hits new peak post Q4 nos on healthy growth prospects

The management said that retails in export market were steadily improving, and inventory levels were low as customers are now accepting increased prices. READ MORE

2:32 PM

RBI removes restrictions on individuals from opening interest-earning FCAs

The long-awaited amendment by the RBI now puts IFSC at par with other jurisdictions when it comes to remittances. READ MORE

2:25 PM

AU Bank's credit card business will break even in FY25: CEO Sanjay Agarwal

AU Small Finance Bank is planning to double its credit card by the end of the current financial year, Sanjay Agarwal, managing director and chief executive officer, has said. The bank will break even in the card business in FY25, he told Manojit Saha in an interview. READ

2:14 PM

Earnings Alert:: Chennai Petro Q4 net up 1%; stock zooms 7%

Chennai Petroleum today reported 1 per cent growth in Q4 net profit at Rs 1,004.19 crore for the quarter ended March 2023 as against Rs 994.42 crore in Q4FY22. Total income was up 1.7 per cent YoY at Rs 21,351.98 crore.

2:01 PM

Q4 EARNINGS: Bajaj Finserv Q4 PAT jumps 31% to Rs 1,769 crore

BajajFinserv on Thursday reported a 31% rise in consolidated net profit at Rs 1,769 crore in Q4FY23 as compared to previous year's profit of Rs 1,346 crore.

 

1:42 PM

Reliance JV Viacom18 strikes deal with Warner for streaming content: Report

"It's a deep exclusive arrangement which will make JioCinema the house of Warner, HBO in India," said the report. READ

1:29 PM

L&T Technology Services soars 8% on healthy Q4 results, strong outlook

For FY24 the company has guided CC revenue growth of 20 per cent plus with organic growth of 10 per cent plus. READ

1:15 PM

Should investors worry about the slowing AUM growth at Bajaj Finance?

Recent price correction in Bajaj Finance's stock, strong growth outlook, peaking of rates, and potential to enter credit cards market, make risk-reward favourable, analysts said. READ