Latest Stock Market News

The stock quoted a 52-week high price of Rs 340.75 and low of Rs 206.1.

Tata Motors is expected to report a net profit of between INR 3,100 to 3,204 crore and revenue growth of up to 34% for Q4 on the back of strong EBITDA expansion across divisions. DLF will post a small increase with reported net profits at INR 477 crore, whereas Vedanta may experience a 48% decline with net profits anywhere between INR 2,168 crore to 2,618 crore. Cipla is expected to report a 5% YoY growth for domestic sales, but Kotak suggests a 16% decline in South Africa for the March quarter.

The Indian stock markets are poised to consolidate due to muted market sentiments globally. The Nifty50 and the S&P BSE Sensex did not show positive trends on the previous day. The India VIX has been increasing during the last four sessions, leading to fluctuations in the market. Options data suggests trading ranging from 17900 to 18500 zones, and brokers have recommended stocks like Axis Bank, NTPC, Tata Power, Aditya Birla Fashion and Retail, Gujarat State Petronet, coal India, Gujarat Gas, and Hindustan Unilever for traders with a short-term outlook.

I think the politics has become so complex that it has become very easy to just kind of put the other side on the dock and not take any of the blame. You see the commentary which is constantly coming from Biden administration that they all kind of point to softer issues and not really explain the economics of the whole thing well.

As most of the companies have already announced their Q4 results, it is good to know about NPAs of banks for investors who have bank stocks in their portfolios. According to ACE Equity data, Yes Bank, Equitas Small Finance Bank and RBL Bank are the top private banks with the highest NPAs.

In the Sensex pack, L&T, Tata Steel, Asian Paints, and HCL Tech were the top laggards, falling over 1% each in early trade. NTPC, Infosys, Reliance, and Tech Mahindra also opened with losses. Whereas, M&M, Tata Motors, Maruti, and Titan opened with gains.

The rate cut cycle, when it starts in the US there will be a slowdown coming. So what happens with domestic advisors is that when they sense this, they tend to move into small and midcap stocks versus large cap stocks

Buy Tata Power Company at a price target of Rs 226.

A total of 12,263 shares changed hands on the counter till 10:05AM (IST).

RBI had pre-empted and changed its stance to pause in its April meeting, now all focus is on the inflation trajectory. Historically, it has been seen it takes 6 to 9 months post pause for a shift in stance towards lowering interest rates.