Latest Stock Market News

HDFC Bank, SBI, Maruti Suzuki, Britannia, Divi’s Lab, PI Industries, Navin Fluorine, Tata Motors, and CSB Bank may show bullishness this week, according to analysts.

Investors may want to add silver to their portfolios as the gold-silver ratio indicates a shift in preference to the cheaper metal, driven by recent rises in gold prices and increased industrial demand. Both gold and silver have risen about 11% so far in 2023, but analysts believe that the rally in silver prices could last longer given its wide industrial usage.

Shares of IndusInd Bank, Bank of Maharashtra, and Persistent Systems will be in focus as the companies will announce their quarterly results today.

In a regulatory filing, Wipro said its board of directors will be considering a proposal to buyback equity shares of the company, besides other issues, at a meeting scheduled to be held over April 26-27, 2023.

An investigation by SFIO had revealed that the company and its group companies had presented financial statements containing false statements of debtors and indulged in the malpractice of round-tripping and layering of transactions resulting in inflated purchases and sales.

"As we are keeping our view moderate bearish hence we advise traders to go for short protective future, where the maximum loss for the trade would be |3760. While strategy will be in profit if the expiry comes below 17575 levels, or it move towards 17500 levels before the expiry. "

The reopening of China’s economy and better-than-anticipated industrial growth in Europe and the US lifted demand for base metals. A correction in the US dollar also helped stimulate the demand.

Interest rates and stock prices are closely related. Changes in interest rates may have a significant impact on the economy and financial markets, including the stock market. Interest rates can affect company earnings, the cost of borrowing money, and the demand for stocks

Indian equities fell last week due to weak global cues and cautious Q1 earnings reports. Despite some positivity in the financial sector, including recent results from ICICI Bank, the reports have been mildly disappointing overall. The IT sector was particularly lacklustre. Vinod Nair of Geojit Financial Services, said FPI inflows remain likely to be stable, with financials expected to receive more interest.

Investors may not be fully protected by the rush for defensive assets, experts have warned. The consequent surge in prices for tech stocks and high-grade corporate bonds could leave them exposed to a potentially painful reversal, according to Frederique Carrier, head of investment strategy at RBC Wealth Management. Investment analysts are advising a different approach that includes low-volatility shares and short credit positions. A Bank of America fund manager survey reflected investor confidence that tech firms with strong balance sheets would weather a recession, the survey also revealed record bullish positioning in investment-grade credit over high yield.