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A fine of Rs 55 lakh has been imposed on Indian Bank for contravention of certain Know Your Customer norms. Muthoot Money fined by Rs 10.50 lakh

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The market breadth favours bulls with 30 stocks advancing in the 50-stock Nifty50 at the closing time

The dollar is fluctuating in response to the anticipation ahead of the US non-farm payrolls report, due out on Friday. Economists expect the payrolls to have grown by 239,000 in March following February’s gain of 311,000. While nominal job growth has been high of late, it was reported earlier this week that the services and manufacturing sectors of the US economy were experiencing a slowdown. With the US stock market closed for the Good Friday holiday, the payrolls report is likely to cause heightened volatility in the market.

In my view, increased global uncertainty, a stable currency in 2023, and the incomplete transmission of previous aggressive rate hikes likely prompted the MPC to take a brief pause in the rate hiking cycle.

Motilal Oswal expects Nifty earnings to grow by 14% year-on-year in the fourth quarter. The growth of BFSI and auto sectors could likely come in at 37% and 70% year-on-year, respectively, while metals continue to be a drag.

This information should also be there in publications, Know Your Client (KYC) forms, client agreements, statements and in any other form of correspondence with the client.

The Adani Group firm has clocked a 55% growth in revenue for FY23 in the food and FMCG segment, led by a 40% growth in volumes

The impact of rate cut was immediately seen in the bond yields, which softened across the tenures, Deepak Jasani, Head of Retail Research at HDFC Securities, pointed out. He, however, cautioned the investors against taking today’s rate pause action as a pivot.

Dow falls 61.76 points; S&P 500 opens lower by 9.23 points