Latest Stock Market News

The Singapore International Arbitration Centre (SIAC) is expected to resume hearing the Amazon-Future Group dispute in the first or second week of May.

FirstCry turned profitable in fiscal year 2021, as per recent regulatory filings, clocking a net profit of nearly Rs 216 crore compared with a loss of Rs 191 crore in the previous year. FirstCry reported operational revenue of Rs 1,603 crore in FY21, compared with Rs 814 crore the year before.

Google-owner Alphabet rallied 2.9% ahead of its quarterly report after the bell on Tuesday. Microsoft and Facebook owner Meta Platforms also gained.

Gold on Tuesday firmed above a near four-week low hit in the previous session, as lower U.S. Treasury yields lifted prices and a slight retreat in the dollar offered support. Spot gold was up 0.2% at $1,902.31 per ounce, as of 0033 GMT. U.S. gold futures were up 0.3% at $1,902.30.

Bajaj Finance, HDFC Life, AU Small Bank, Macrotech Developers, Schaeffler India, Tata Teleservices, Atul, NAM India, Sanofi India, Adiya Birla AMC and KPIT Tech are among the companies that will announce their March quarter results today.

In a relief to Srei Group and its founder Hemant Kanoria, the Delhi High Court has ordered Punjab & Sind Bank to restrain itself from taking any further action on the company.

In March, the bounce rates by value were at 22.8%, better than the pre-Covid range of 24.5%-25.0%, arresting the downward trajectory reflected all through FY22. Similarly, bounce rates by volumes, too, rose sequentially to 29.6% much better than the pre-Covid average of 30.5-31.5%.

Chief general manager Ashok Chandra said automation will eliminate errors and cut the time taken to initiate recovery to a few days from months earlier.

From the technical perspective, what has been damaging for the markets is the violation of the 200-DMA on a closing basis. The 200-DMA presently is at 17,199. Nifty has dragged its resistance levels lower. This point will now act as a strong resistance on a closing basis.

The Bajaj Group crown jewel is likely to report 33 per cent growth in NII, said analysts. They had a varied projection on profit growth for the quarter, in the range of 47-80 per cent YoY.