Chinese securities firms are dangling near record-high returns to lure investors back into the market for derivatives that fueled the nation’s stock selloff earlier this year, as fallout from the meltdown cuts deeper into their profits from the business. Two “snowball” products issued last month offered coupon rates of more than 40%, a level unseen since at least 2022.

Adani Green Energy is close to raising $400-500 million from at least two Europe-based funds, two people aware of the deal said. Gautam Adani's family members and associates hold 53.67% in Adani Green Energy, the group's 2nd-largest subsidiary with a market value of over ₹2.8 trillion. The company will need to sell new shares worth about 1.5% stake to raise the amount, going by its CMP.

For the longest time, mutual funds have propelled markets upward with their firepower. Now, the market is favouring their stocks as well. Over the past month, while the Nifty has remained stagnant, AMC stocks have been on the rise, with Nippon Life AMC leading the charge. The stock has surged by more than 25 percent in one month, hitting a lifetime high.

Reported Standalone quarterly numbers for Rajnish Retail are: Net Sales at Rs 4.03 crore in March 2024 up 194.89% from Rs. 1.37 crore in March 2023. Quarterly Net Profit at Rs. 0.32 crore in March 2024 down 12.84% from Rs. 0.37 crore in March 2023. EBITDA stands at Rs. 0.46 crore in March 2024 up 17.95% from Rs. 0.39 crore in March 2023.

Reported Standalone quarterly numbers for Sybly Industries are: Net Sales at Rs 0.02 crore in March 2024 down 97.6% from Rs. 0.73 crore in March 2023. Quarterly Net Loss at Rs. 3.65 crore in March 2024 down 175.24% from Rs. 1.33 crore in March 2023. EBITDA stands negative at Rs. 0.22 crore in March 2024 up 58.49% from Rs. 0.53 crore in March 2023.

Reported Standalone quarterly numbers for Amal are: Net Sales at Rs 9.83 crore in March 2024 up 13.24% from Rs. 8.68 crore in March 2023. Quarterly Net Profit at Rs. 1.47 crore in March 2024 up 17.23% from Rs. 1.25 crore in March 2023. EBITDA stands at Rs. 2.59 crore in March 2024 up 4.02% from Rs. 2.49 crore in March 2023. Amal EPS has increased to Rs. 1.19 in March 2024.

Reported Standalone quarterly numbers for Benares Hotels are: Net Sales at Rs 35.58 crore in March 2024 up 29.4% from Rs. 27.50 crore in March 2023. Quarterly Net Profit at Rs. 11.59 crore in March 2024 up 52.78% from Rs. 7.59 crore in March 2023. EBITDA stands at Rs. 16.91 crore in March 2024 up 44.28% from Rs. 11.72 crore in March 2023.

Reported Standalone quarterly numbers for Bhansali Engineering Polymers are: Net Sales at Rs 321.18 crore in March 2024 down 2.05% from Rs. 327.90 crore in March 2023. Quarterly Net Profit at Rs. 41.35 crore in March 2024 up 193.8% from Rs. 14.07 crore in March 2023. EBITDA stands at Rs. 60.21 crore in March 2024 up 101.3% from Rs. 29.91 crore in March 2023.

Monarch Networth Capital (MNCL) has announced the closure of its third Alternative Investment Fund (AIF), MNCL Capital Compounder Fund 2, raising 729 crore from high-net-worth individuals, family offices, and corporates. The collective AUM of MNCL currently stand at over 1,000 crore, the fund said. MNCL is also likely to launch a Portfolio Management Service during this fiscal year.

The stock markets are reflecting the rising heft of small and mid-sized companies as the benefits of 7.0-7.5% annual GDP growth percolate to them. That's why the market construct has changed—the Nifty 50 companies which accounted for 80% of the total market cap 15 years ago have seen their share drop to 50-55%, especially after the pandemic.

Reported Standalone quarterly numbers for Rajnish Wellness are: Net Sales at Rs 26.98 crore in March 2024 up 372.8% from Rs. 5.71 crore in March 2023. Quarterly Net Profit at Rs. 0.28 crore in March 2024 up 124.32% from Rs. 1.16 crore in March 2023. EBITDA stands at Rs. 0.54 crore in March 2024 up 167.5% from Rs. 0.80 crore in March 2023.

Reported Standalone quarterly numbers for Alok Industries are: Net Sales at Rs 1,435.43 crore in March 2024 down 4.96% from Rs. 1,510.29 crore in March 2023. Quarterly Net Loss at Rs. 206.88 crore in March 2024 up 31.03% from Rs. 299.96 crore in March 2023. EBITDA stands at Rs. 20.89 crore in March 2024 up 129.75% from Rs. 70.21 crore in March 2023.

Reported Standalone quarterly numbers for Sejal Glass are: Net Sales at Rs 17.52 crore in March 2024 up 43.45% from Rs. 12.21 crore in March 2023. Quarterly Net Profit at Rs. 0.10 crore in March 2024 down 98.83% from Rs. 8.81 crore in March 2023. EBITDA stands at Rs. 1.91 crore in March 2024 up 130.12% from Rs. 0.83 crore in March 2023. Sejal Glass EPS has decreased to Rs. 0.10 in March 2024.

Analysts expect the Nifty to trend higher as follow-up buying may emerge above 22,180, with short positions potentially being challenged above 22,425. Reliance Industries, SBI, Hindalco, Eicher Motors, Maruti, HAL, and M&M, along with midcaps like Jindal Steel and Power, Delhivery, Bharat Dynamics, Lemon Tree, Tata Steel, and Graphite India, are recommended by the analysts for short-term trading.

European natural gas prices erased gains as Iran appeared to downplay the impact of reported Israeli strikes and the risk of an immediate response from Tehran. Benchmark futures fell 4.8% after gaining as much as 4.7% earlier on Friday. Prices were little changed week-on-week. Europe’s LNG imports are already hovering below seasonal averages as Asian appetite for the super-chilled fuel increased.