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Godrej Properties reports a 58% YoY increase in Q4 consolidated net profit to Rs 412 crore on account of an increase in revenue from operations. Havells India, on the other hand, reports 10% revenue growth in the quarter, while Rallis India reports consolidated revenues of Rs 523 crore, up 3% YoY.

The Nifty Realty index was trading 1.05 per cent up at 449.6.

Present minor weakness or consolidation movement could end up with the formation of another higher bottom at the lows. Hence, the present weakness with range movement could be a buy-on-dips opportunity, said Nagaraj Shetti, Technical Research Analyst, HDFC Securitie

Midcap funds invest in companies with market capitalization between 101-250, which have the potential to become large companies in the future. ETMarkets has listed the top five midcap funds based on trailing returns. HDFC Mid-Cap Opportunities Direct Plan-Growth, Motilal Oswal Midcap Fund Direct-Growth, Edelweiss Mid-Cap Direct Plan-Growth, Nippon India Growth Fund Direct-Growth, and Quant Mid Cap Fund Direct-Growth have given positive returns in the last one year, although most midcap stocks have underperformed due to market volatility and foreign investor risk aversion. These funds suit aggressive investors with a long-term investment horizon.

Indian equities ended Wednesday’s trade on a negative note amid nervousness around the crucial Fed outcome due to be released later today. Nifty ended below 18,100 levels, while broader markets defying the overall trend ended in the green.

HDFC’s net profit for the quarter is likely to see 4.4% on-year growth to Rs 3,864 crore, according to the average of estimates given by five brokerages. In the same period last year, the company posted a net profit of Rs 3,700 crore.

Alchemy Investment Management has moved its offshore fund to the International Financial Services Centre at Gujarat International Finance Tec-City (GIFT City). An affiliate of Alchemy Capital Management, it is one of the first fund management firms to take advantage of the regime which was granted by the International Financial Services Centres Authority, Government of India.

Meanwhile, the Indian central bank was likely buying dollars via public sector banks on Wednesday to ensure that the rupee remained in a narrow range, traders told Reuters.

In the international markets, both gold and silver were trading higher at USD 2,015 per ounce and USD 25.34 per ounce, respectively.

​Among the top 20 global companies by market cap, Tesla Inc was the biggest loser in April​