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As many companies have already announced their Q4 results, brokerage firm Motilal Oswal has upgraded and downgraded the estimated FY24 earnings of a number of stocks.

Indian earnings are back on track with 15% median earnings growth for the Nifty companies having been announced. Coming to whether ONDC will badly impact Zomato, Shenoy says Blinkit is a bigger problem for Zomato compared to what ONDC will do on the food side of the business. The 10 minute delivery is not a greatly successful model for India right now.

In the Sensex pack, Bajaj Finserv, IndusInd Bank, L&T and UltraTech Cement were the top gainers, rising about 1% each. Tata Motors, Tata Steel, M&M, and Asian Paints also opened with gains. Whereas, HCL Tech, Sun Pharma, Infosys, HUL, and Bharti Airtel opened with cuts.

UPL Corp CEO Mike Frank expects pricing pressure in the post-patent segment to persist in H1 2022 but believes the company is well-positioned to compete after taking actions to manage working capital and inventory. Despite a slight drop in Q4 performance due to oversupply and delayed sales, UPL Corp grew its top line by 16% and EBITDA growth by 10%. Going forward, the company will focus on transitioning its portfolio towards differentiated and sustainable products, including crop protection, seed, and specialty chemicals.

The stock quoted a 52-week high of Rs 1509.25 and a 52-week low of Rs 1047.7.

Promoters held 56.68 per cent stake in the company as of 31-Mar-2023, while FIIs owned 15.38 per cent, DIIs 12.54 per cent.

​In Aggressive New Long position, the average traded and delivered quantity for five days with cumulative open interest and price for the underlying stock have increased. ​

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

Hammer pattern is a one-day candlestick pattern, in which there is a small green real body and lower shadow extending from the body and is formed at the bottom of a downtrend.​

The Indian market rose by more than 1% on Monday with S&P BSE Sensex adding over 700 points and Nifty50 closing above 18,200 levels. The auto, realty, banks, and IT stocks witnessed a rally, while consumer durables faced selling. Equitas Small Finance Bank, L&T Finance Holdings, and DLF were some of the stocks in focus. Jatin Gohil, Technical and Derivative Research Analyst at Reliance Securities, recommends partial profit booking for Equitas Small Finance and DLF, while advising to book profits for L&T Financial Holdings.