BHEL, Titagarh Wagons shares gain on order wins!
Wed, Apr 12, 2023 9:54 AM

BHEL, Titagarh Wagons shares gain on order wins!

Titagarh Wagons and BHEL both gained 2% in early trading on April 12th, following the consortium's award of an order to supply Vande Bharat trains to Indian Railways. BHEL was trading at Rs 73.40 on the BSE at 09:22 hrs, up Rs 1.46, or 2.03%. Titagarh Wagons hit a 52-week high of Rs 310 and was trading on the BSE at Rs 295.65, up Rs 7.70, or 2.67%.

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Axis Bank Q4 estimates by Prabhudas Lilladher
Wed, Apr 12, 2023 9:42 AM

Axis Bank Q4 estimates by Prabhudas Lilladher

Prabhudas Lilladher has released its Q4 earnings estimates for the Banking sector (January - March 23). Axis Bank's net profit is expected to be Rs. 5,902.9 crore, up 43.4% Y-o-Y (up 0.9% Q-o-Q). Net Interest Income is expected to rise 40.8% Y-o-Y (up 8.3% Q-o-Q) to Rs. 12,415.8 crore. Pre Provision Operating Profit is expected to increase by 46.2% Y-o-Y (up 1.9% Q-o-Q) to Rs. 9,452.6 crore.

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📢 Benchmark indices open on a flat note today; Nifty near 17,700
Wed, Apr 12, 2023 9:30 AM

📢 Benchmark indices open on a flat note today; Nifty near 17,700

📈 Amid mixed global cues, benchmark indices started on a flat note today. 📊 At 9:16 AM, the Sensex gained 80.98 points or 0.13% at 60,238.70 and the Nifty was up 31.75 points or 0.18% at 17,754.05. 📢BHEL (⬆️2.29%), Divi's Labs (⬆️2.07%) and PI Industries (⬆️1.82%) appeared as the top performers on the Nifty50 at open. TCS, Delta Corp and HDFC Bank stocks are in focus today.

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Who is under the F&O ban today?
Wed, Apr 12, 2023 9:15 AM

Who is under the F&O ban today?

Delta Corp is subject to the F&O ban on Wednesday, April 12, 2023. However, the stock will be available for purchase and sale in the open market. Delta Corp's MWPL was 118.3% on Tuesday, with OI of 18.5 million reported by Trendlyne. It had increased by 18.1% since the previous session. Delta Corp shares closed 3.99% lower at Rs 95 on Tuesday.

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Strategy for D-Street's big movers
Wed, Apr 12, 2023 9:15 AM

Strategy for D-Street's big movers

💰Trident: Buying and accumulating stocks based on target levels Rs. 35 and Rs. 38 with stop loss at Rs. 30. 💰Century Plyboards: Buying is suggested for an initial upside target of Rs. 520-525 levels with near-term support maintained near Rs. 464 level. 💰Raymond: Buy the stock for the initial target of around Rs. 1,400-1,430 keeping a stop-loss near Rs. 1,260.

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What happened in the markets while you were away?
Wed, Apr 12, 2023 8:57 AM

What happened in the markets while you were away?

📌SGX Nifty signals a muted start. 📌The India VIX, a measure of market fear, fell 2.44% to close at 11.97. 📌Asian equities inched lower on Wednesday. 📌The IMF reduced its forecast for India's growth in the current fiscal year to 5.9% from 6.1%. 📌On Wednesday, the US dollar fell ahead of a closely watched inflation reading. 📌The INR fell past the key psychological mark of 82/dollar.

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Oil steady after surprise build in US crude stocks
Wed, Apr 12, 2023 8:51 AM

Oil steady after surprise build in US crude stocks

Oil was a bit changed in early trading on Wednesday after industry data showed an unexpected build in US crude and petrol inventories, offsetting concerns about supply tightening ahead of OPEC+ cuts. US crude futures have flipped into backwardation, with the front month contract trading 6 cents higher than the 2nd month contract. By 00:29 GMT, Brent crude was down 5 cents to $85.57 per barrel.

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The Wall Street update!
Wed, Apr 12, 2023 8:46 AM

The Wall Street update!

On Tuesday, Wall Street finished mixed, losing steam late in the session as investors awaited crucial inflation data and the unofficial start of the Q1 reporting season. The Dow closed positive, with sensitive sectors such as industrials, materials, and transportation providing a boost, while tech and tech-adjacent megacap stocks dragged down the Nasdaq. S&P 500 finished essentially unchanged.

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The things you should know before the market opens
Wed, Apr 12, 2023 8:36 AM

The things you should know before the market opens

📌Trends on the SGX Nifty indicate a mildly positive start for the broader index in India. 📌Subdued growth expected due to client delays in US and Europe TCS. 📌March CPI inflation seen at 15-month low of 5.7% due to favorable base. 📌FII bought shares worth Rs 342.84 crore, and DII sold shares worth Rs 264.02 crore on April 11. 📌Gold climbs as dollar pauses ahead of US inflation data.

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Nirmala Sitharaman meets US Treasury Secretary
Wed, Apr 12, 2023 8:30 AM

Nirmala Sitharaman meets US Treasury Secretary

FM Nirmala Sitharaman met with US Treasury Secretary Janet Yellen in New Delhi on Tuesday, to discuss strengthening the India-US economic and financial partnership. She praised the multifaceted India-US partnership and called for greater collaboration in addressing global economic challenges such as climate change, reiterating the importance of G20, QUAD, and IPEF in fostering this collaboration.

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Buzzing stocks for today! 📢
Wed, Apr 12, 2023 8:20 AM

Buzzing stocks for today! 📢

✅Bank of Baroda's total business has crossed Rs 21 lakh crore. ✅Vedanta is all set to consider issuance of NCDs on a private placement basis on April 13. ✅Nagarjuna Fertilizers and Chemicals has restarted its urea production in Plant - II. ✅Kalpataru Power Transmission has bagged orders worth Rs 3,079 crore in March and April 2023. ✅UGRO Capital has launched the QIP issue on April 10.

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Varun Beverages turning ex-dividend tomorrow
Tue, Apr 11, 2023 10:00 PM

Varun Beverages turning ex-dividend tomorrow

Varun Beverages will be turning ex-dividend tomorrow, with a final dividend of Re. 1/- per equity share of face value of Rs. 10/- each for the financial year ended December 31, 2022. The Record Date for determining the eligibility of equity shareholders for the dividend has been fixed as Wednesday, April 12, 2023, based on the approval received at the Annual General Meeting held on March 27.

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In FY24, bank deposits may not outpace credit
Tue, Apr 11, 2023 9:48 PM

In FY24, bank deposits may not outpace credit

Banks' credit deposit ratio is expected to remain flat for FY24 as deposits are expected to pick up traction in near time. Experts believe that as the Indian economy recovers, there will be strong demand for loans, but banks may face challenges in balancing deposit flows. LKP Securities predicts that banks' credit growth will be around 15% in FY24, while deposits are expected to grow by 11%.

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Brokerage recommends ‘buy’ for Godrej Consumers
Tue, Apr 11, 2023 9:41 PM

Brokerage recommends ‘buy’ for Godrej Consumers

Godrej Consumer Products Ltd, a leading FMCG company, has received a 'buy' rating from brokerage firms HDFC Securities & Sharekhan, citing favorable growth prospects and a diversified revenue profile. According to HDFC Securities, the company's inorganic expansion in regions such as Asia, Africa, the US, and Latin America over the past decade has helped it achieve a diversified revenue profile.

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The final dividend for FY23 will be announced by TCS tomorrow
Tue, Apr 11, 2023 9:13 PM

The final dividend for FY23 will be announced by TCS tomorrow

Investors are eagerly awaiting the final dividend announcement of TCS for fiscal year FY23, in addition to its Q4 results. TCS, backed by the Tata Group, has already paid three interim dividends in the fiscal year and is expected to recommend a final dividend on Wednesday. The company is also anticipated to announce a record date for the same, as mentioned in its regulatory filing.

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