✅Equity market indices continued to trade lower at 10:30 AM amid weak trends in global markets and foreign fund outflows leading to negative investor sentiment. ✅BSE Sensex was trading at 58,355.55, down 609 points or 1.03%. Nifty50 stood at 17,467.30, down 207 points or 1.17%. ✅HDFC Life and Kotak Bank are the top gainers. Coal India, Hindalco, and Tata Steel are the top losers.

Today, the Cabinet Committee on Economic Affairs, chaired by PM Narendra Modi, has announced its approval for the distribution of fortified rice. The aggregate cost of rice fortification will be nearly ₹2,700 cr per annum. This would be led by the Govt. of India as part of the food subsidy till its full implementation up to June 2024. Further, the full implementation will be done in three phases.

Gufic Biosciences stock zoomed over 14% during Tuesday's early deals after the company secured approval to manufacture, sell and distribute Isavuconazonium Sulfate API and finished formulation Isavuconazole for Injection 200 mg/vial. The company shares have hit a new 52-week high at Rs 283.50 after securing approval from regulatory authorities.

Adani Green Energy made its entry in the list of top-10 valued companies on Dalal Street in the previous session. Following this, the scrip soared significantly during Tuesday's early deals. With the latest move, the renewable energy player surpassed HDFC and Bajaj Finance in market cap terms. The company shares demonstrated growth of a massive 103.46% so far this calendar year.

Shares of Facor Alloys Ltd are in focus after the declaration of temporary shrinkage in the manufacturing facilities due to the 50% load limit imposed by discom in view of the power scarcity. As per the company's regulatory filing, the manufacturing facilities at the Plant operation of the firm located in Vizianagaram, (A.P.) is in view of the rise in demand or power shortage in Andhra Pradesh.

Cryptocurrencies witness a downward rally today. WazirX data at 8.40 am on April 12 reveals that Bitcoin fell marginally by 0.05% to Rs 31,48,404 while Ethereum declined by 0.18% to Rs 2,37,559.0. During the last 24 hours, the total cryptocurrency market volume stood at $101.87 billion, registering a 59.25% growth. Bitcoin’s dominance is currently declined by 0.05% to 41.08% over the day.

ICICI Direct laid out its fourth-quarter earnings predictions for TCI Express to register a net profit at ₹36.2 cr down 15.1% YoY (up 2.9% quarter-on-quarter). According to the brokerage house, the Net Sales of the logistics major are projected to jump by 8.7% YoY (up 6% Q-o-Q) to ₹304.1 cr. Similarly, the EBITDA may decline by 10.5% YoY (up 3.1% Q-o-Q) to ₹48.7 cr.

Info Edge India Limited has announced that it has nodded to buy 6,650 Compulsorily Convertible Preference Shares of Terralytics. Upon the successful closing of the mentioned fundraising exercise, the collected shareholding of the Company would be 20.50% on a wholly converted & diluted basis. Terralytics is involved in making intelligence and analytics in real estate vertical for the bank sale.

ICICI Direct has worked out its Q4FY22 earnings estimates for the Logistics sector. The brokerage house projected that Transport Corp is likely to register a net profit of Rs. 73.1 crore up by 38.4% YoY (down 5.7% QoQ). Net Sales are expected to increase by 3.5% YoY (up 8.6% QoQ) to Rs. 824.3 crore. The EBITDA is expected to improve by 26.2% YoY (growth of 1% QoQ) to Rs. 108 crore.

ICICI Direct has worked out its Q4FY22 earnings estimates for the Retail sector. The brokerage house projected that TTK Prestige is likely to register a net profit of Rs. 76.5 crore lower by 7.1% YoY (down by 13.8% QoQ). Net Sales are expected to increase by 10.9% YoY (down by 14.5% QoQ) to Rs. 615.1 crore. The EBITDA is expected to improve by 6.8% YoY (down 12.9% QoQ) to Rs. 109.5 crore.

The independent quarterly numbers for Lasa Supergenerics' Net Sales are at ₹51.21 cr in March 2022, up 30.97% from ₹39.10 cr in March 2021. The EBITDA registered at ₹10.94 cr in March 2022, which is up 20.35% from ₹9.09 crore in the last year's same quarter. The Quarterly Net Profit stands at ₹12.28 cr in March 2022 up 224.96% from ₹3.78 cr in the corresponding period, last year.

ICICI Direct has worked out its Q4FY22 earnings estimates for the Retail sector. The brokerage house projected that Avenue Supermarts is likely to register a net profit of Rs. 451.4 crore up 9.1% YoY (down 18.3% QoQ). Net Sales are expected to grow by 18.3% YoY (down 4.9% QoQ) to Rs. 8,766 crore. The EBITDA is expected to improve by 17.9% YoY (down 16.6% QoQ) to Rs. 722.3 crore.

The brokerage house, ICICI Direct has come out with its fourth-quarter earnings estimates for the logistics major Adani Ports & SEZ. Assuming the company to post a net profit of ₹1,443 cr, up 8.7% YoY (up 1.4% quarter-on-quarter). The Net Sales are estimated to jump by 3.2% YoY (down 1.9% Q-o-Q) to ₹3,724 cr. EBITDA may rise by 3.2% YoY (down 2.9% Q-o-Q) to ₹2,361 cr.

Vipul Organics' Board of Directors has assigned 25,62,375 Equity Shares of Rs10/- each as fully paid up bonus Equity Shares, in ratio 1:4 i.e. 1 new Equity Share of Rs10/- for every 4 Equity Shares of Rs10/- each during its meeting held on Monday, April 11, 2022. The Board further finalised April 11, 2022, as the record date for this purpose. Following this news, the Company stock gained today.

ICICI Direct has laid out a fourth-quarter earnings estimate of Titan Company to register a net profit at ₹562.5 cr down 1% YoY (down 44.4% quarter-on-quarter). As per the brokerage house, the Net Sales are speculated to decline by 0.2% YoY (down 25.5% Q-o-Q) to ₹7,480.7 cr. Similarly, the EBITDA may increase by 4.4% YoY (However, it is down by 40.9% Q-o-Q) to ₹852.6 cr.