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The pharma sector is experiencing a catch-up in valuations, but the American market, once lucrative, remains tough. The real estate sector is structurally bullish, particularly in the share prices of home manufacturing companies. Healthcare, technology, and select chemical companies are also attractive investment options. Return expectations may need to be moderated, as valuation plays a more important role due to rising interest rates. The real estate sector is expected to continue upward due to urbanization and remote work driving demand for larger homes and quality commercial space.

Indian market closed higher for the sixth consecutive day due to positive global cues, with the S&P BSE Sensex rising over 300 points and Nifty50 closing above 17,900 levels. Stocks that performed well include Raymond, which rose by over 6%, Glenmark Pharma with over 5%, and KPIT Technologies which saw a fresh 52-week high. Technical expert Amol Athawale of Kotak Securities recommends 1640 as the trend decider level for Raymond, while 530 is expected to act as an important support zone for Glenmark Pharma and 880 is the trend decider level for KPIT Technologies.

Amid market volatility and return to office, active user base shrinks for some major players

HUL Q4 profit rises 10% to Rs 2,552 cr, sales Up 11%

Updated at : 2023-04-28 08:30:01

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"We have stopped taking further price increases but at an aggregate level, we have still not reached a level where the prices have reduced," Mehta said.

The Reserve Bank of India wants bank managements and their boards to be on their toes all the time even as they have strong capital back up and have shown ability to wither stress tests. “The recent events in the banking landscape of the US and Europe suggest that risks for an individual bank could crop up from segments of its balance sheet which might have been considered relatively safer,” Das said

Bitcoin extends volatility in climb back to $30,000

Updated at : 2023-04-28 07:20:01

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On Thursday, Bitcoin had surged 7.3% but erased move and fell into the red, leaving investors scratching their heads - as is the case with swings in crypto prices. The retreat sparked a litany of speculation.

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Shares of the Sanjiv Bajaj-led company advanced 2.38% on the NSE on Thursday to close at its two-month high of ₹6,200 per share. More than 29 lakh shares were traded on the BSE and NSE, up 2.6 times its combined average daily volume for the last one month.

Axis Bank reports Q4 loss on Citi deal

Updated at : 2023-04-28 07:20:01

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The total hit due to the deal is to the tune of ₹12,490 crore, which the bank absorbed in the March quarter. Stripping out the impact of the exceptional item linked to the acquisition, the lender would have reported a profit of ₹6,625 crore - up 61% from ₹4,118 crore a year ago. Analysts polled by Bloomberg had estimated a net profit of ₹2,531.6 crore for the fourth quarter.

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Stock prices of listed Adani Group companies nosedived and yields on its bonds surged after the publication of the report, hurting investor confidence and making it difficult for the group to borrow fresh capital. The development halted the aggressive pace at which it was expanding.

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Wipro guided for a revenue drop between 1% and 3% in the April-June quarter, owing to a negative demand outlook. This is below estimates by brokerage houses such as Kotak, which had estimated Wipro to guide for revenue decline of 1% to growth of 1% for the period.

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