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Emirates airline, which along with airport services business dnata makes up Emirates Group, made a $2.9 billion profit. The state-owned carrier had posted an annual loss of $1.1 billion for 2021-22, following a $5.5 billion loss the year before that.

Foreign investors have been buying Indian stocks since April 26, with net flows totaling around $3.3bn. The average buying in the last nine trading sessions has amounted to $462m, and foreign direct investment (FDI) has been boosted by Indian rupee strength against the dollar and in-line March quarter earnings.

Railtel has shown improvement in trend by surpassing the significant 200DMA and 50EMA levels, with a positive bullish candle pattern in the daily chart. The RSI is also on the rise, indicating further upside potential. Railtel reported a consolidated total income of Rs 462.17 crore in the quarter ended 31-12-2022.

The Relative Strength Index of the stock stood at 72.68 on Thursday.

SRF, incorporated in the year 1970, is a Large Cap company (having a market cap of Rs 76075.95 Crore) operating in Diversified sector.

Promoters held 45.25 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 16.17 per cent and 19.89 per cent, respectively.

Cryptocurrency markets saw mixed trading on Thursday after slower-than-expected consumer price inflation in April. Bitcoin and Ethereum were trading with losses, while Cardano, Solana and Polkadot were trading with gains. However, the market remained flat as the encouraging CPI data indicated a cooling down of inflation and a potential relaxation of monetary policies in the future. The global cryptocurrency market cap was down 0.20% at $1.14tn in the last 24 hours with a trading volume of $20.82bn for Bitcoin, which rose 53.29%.

On Wall Street, the tech-heavy Nasdaq touched an over eight-month high on Wednesday, boosted by a slightly lower-than-expected increase in April inflation, which spurred hopes of the Fed pausing its rate-hike cycle in June.

The stock traded at a P/E multiple of 45.15, while the price-to-book value ratio stood at 7.01.

Market leadership in an underpenetrated online matchmaking segment will augur well for the company.