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From the BSE500 pack of stocks, 64 companies have seen over 100% year-on-year profit growth during the March quarter, shows ETMarkets analysis.

The Indian equities ended the week on a negative note, diverging slightly from global markets. The trading range widened as Nifty oscillated in a 398-point range, facing resistance in the 18,350-18,500 zone, whereby no runaway rally can be expected unless this zone is taken out. Derivative data shows next week will be influenced by expiry and rollover-centric activities. Nifty Realty, NiftyBank, Consumption, and Financial Services indices are inside the leading quadrant, which are expected to show relative outperformance against the broader Nifty 500 Index.

Fineotex Chemical, a smallcap speciality chemical company, has seen its shares rise by 10,837% over the last decade. The company has a market capitalisation of around INR2,800 crore ($383m) and has seen its sales grow from INR96 crore in 2013 to INR368 crore in 2022. The firm makes specialty chemicals and enzymes for various industries and also produces adhesives used in the wood and paper industry.

Rule-based trading is a mechanism that enables traders to overcome behavioural biases and emotional inclinations. It involves setting a written set of rules from start to end, which define which stocks to enter, when to enter, how much money to place, and when to exit. Once these rules are defined, the trader only has to wait for the target to be achieved or until the stop loss is hit. This approach is suitable for every type of trader, and the selection of rule-based strategies depends greatly on experience and temperament. The frontline index remained bearish on a weekly closing basis at 18,203 levels with a 0.61% fall.

All private banks as well as PSU Banks have shown strength in Friday’s session. So the profit taking which was there in the market is almost absorbed and we believe that we can see a new all-time high for Bank Nifty in the coming week.

ETMarkets did a quick analysis to filter stocks available below Rs 2,000 for Dalal Street investors to pick. Nineteen Sensex stocks, including ICICI Bank, Axis Bank, and State Bank of India, are available below INR 2,000. Additionally, about 406 stocks that are part of the BSE 500 index trade below INR 2,000.

The true value of virtual digital assets (VDAs) lies in their fundamental role in the functioning of public blockchains, as they create incentives for nodes and other network participants to engage with the blockchain. Factors that determine the underlying value of VDAs include their core characteristics, demand, supply, network effects, and utility. Scarcity, fungibility, durability, portability, security, decentralization, and programmability are essential features that determine the value of a VDA. Additionally, the more developed the use cases and network effects of a particular blockchain, the more valuable its native token will be, prompting participants to bolster the robustness and value proposition of the blockchain.

Operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), plunged 56% YoY to Rs 488 crore in Q4, and operating margin shrunk a whopping 1886 basis points to 24.99%.

Gold is set for its biggest weekly loss since February 2023 due to the progress made on the resolution of the US debt ceiling crisis. US House Speaker Kevin McCarthy has said that negotiators on the federal debt limit may reach an agreement in principle as soon as this weekend. The easing of concerns over a potential debt default has boosted the dollar index and treasury yields, further weighing down gold prices. However, the recent hawkish comments from US Federal Reserve officials do not mean a rate hike during the June meeting and the majority of Fed officials are taking a "wait and watch" approach.

The Adani Group has seen its stock prices fall this week as two of its subsidiaries, Adani Transmission Ltd. and Adani Total Gas Ltd., were dropped from the MSCI India gauge. This move is likely to trigger around $390 million of selling by passive funds, Brian Freitas, an independent equities analyst who publishes on Smartkarma, predicted earlier. Adani Enterprises Ltd., the flagship of the group, is also set for a weekly loss of almost 4%.