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Hindustan Zinc reported a 12% YoY fall in Q4 consolidated net profit to INR 2,583 crore ($360m) and a 4% fall in revenue to INR 8,281 crore due to lower zinc, lead and silver prices. The company achieved a record profit after tax (PAT) of INR 10,511 crore for the year and an increase in revenue of 16%. Hindustan Zinc has approved Sandeep Modi as the new chief financial officer of the company, effective 21 April. The company expects refined metal production in the range of 1,050-1,075 kt for FY24.

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The dollar index is set for its biggest weekly gain since February on expectations the Fed would hike rates by 25 basis points next month, following mixed inflation and retail sales data.

Sovereign gold bonds have an eight-year lock-in period, but they can be partially or completely sold off through stock exchanges should the investor want to redeem them prematurely. After the first five years, bondholders also have the option to give the bonds back to the Reserve Bank of India on semi-annual interest payment dates.

ET Markets has identified nine stocks that not only delivered consistent performance but have also gained anywhere between 10-70% in just the past five trading sessions. (Data Source: ACE Equity)

IT firms ITC, TCS, Wipro, Asian Paints and HCL Tech were top performers rising 1-2% but Tata Steel, Maruti, Bajaj Finserv, Tech Mahindra, UltraTech Cement, and Tata Motors closed lower.

​Mutual funds made most of the market correction by deploying cash last month. They bought equities worth over Rs 20,000 crore.

The clarification covers matters including lending, CLR, investments, loan against shares, and some regulatory requirements. RBI permit investments, including subsidiaries and associates of HDFC Bank to continue as investments of HDFC Bank. The regulator has allowed the bank to increase shareholding in HDFC Life and HDFC ERGO General Insurance over 50%.

The Nifty Auto index closed 1.03 per cent down at 12898.75.

The company said that its revenue was impacted during the quarter due to cost increase on account of certain cost provisions made. These provisions have impacted the percentage-of-completion and led to a revenue reversal in ongoing EPC projects.