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IT firm Infosys will release its Q4 results on April 13. In Q3 FY23, the firm reported a 20.2% YoY rise in consolidated revenue to Rs 38,318 crore, while consolidated net profit for the quarter rose 13.4% on year to Rs 6,586 crore.

​Nifty earnings are likely to grow 14% year-on-year (YoY) in Q4FY23, according to brokerage Motilal Oswal Securities.

So, the other day, Dev and Tara were chilling at a cafe, savoring their delicious coffee, when Tara expressed her eagerness to learn more about technical analysis.

While the extension of trading hours may benefit retail traders, and reflect the maturity of Indian markets, it is bound to pile on operational lags, time crunch, and cost burdens for brokerage houses.

Much awaited US nonfarm payroll report showed that the headline employment figure of 236k jobs added in March was higher than the forecast of 230k jobs. The unemployment rate slid 0.1% from February to 3.50% as against the forecast of 3.6%.

Eight out of ten top valued firms saw an increase in market valuation last week, with HDFC twin firms leading the way. Of the top ten firms, eight had positive outcomes from their market valuation. The valuation of HDFC Bank increased by ₹31,553.45 crore ($4.8bn) to ₹9,29,752.54 crore, and HDFC saw a jump of ₹18,877.55 crore, lifting its market valuation to ₹5,00,878.67 crore. Nevertheless, the mcap of Infosys declined by ₹2,323.2 crore to ₹5,89,966.72 crore and that of ICICI Bank fell by ₹1,780.62 crore to ₹6,10,751.98 crore.

While the overall trend for the market remains positive with a weak dollar and falling US bond yields, analysts do not see significant upside for the index in the coming week, as crucial events are lined up.

It is important that investors remain more focused on domestic growth-focused themes rather than global themes at this stage, says Sandip Sabharwal. It is tough to build a bull case for IT although the stocks have underperformed significantly. Metals will have a subdued period for the next one or two years as global economies slow down.

Arvind Fashions is doing exceedingly well. Anand Rathi’s Varun Saboo does not see any concern related to Reliance entering into retail and that having any impact. The growth rates versus all other retail players, is also very impressive. This company has done some restructuring are going to turn net cash flow positive very soon. At six-seven times EV/EBITDA, there is nothing to lose here. This can be a potential multibagger.

“The Pharma Index is now trading above its 50-day moving average, indicating that buying interest is likely to continue in the short term.”