CLOSING BELL: Life Insurance Corporation of India (LIC) will come out with its IPO on May 4

MARKET LIVE: Sensex off lows, down 550pts; Financials drag, US futures rise

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	<b>CLOSING BELL</b><br />
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		Benchmark indices remained range-bound on Wednesday as investors were hit by sour global cues. Amid fears of weak global growth outlook due to the Ukraine-Russia war, coupled with rising Covid-19 cases, equity markets headed lower while oil prices rose.</div>
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		Against this backdrop, the S&P BSE Sensex gyrated 495 points intra-day before settling at 56,819, down 537 points or 0.94 per cent. On the NSE, the Nifty50 shut shop at 17,037, down 164 points or 0.95 per cent.</div>
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		In the broader market, the BSE MidCap and SmallCap indices closed up to 0.8 per cent down. Sectorally, all the indices closed in the red zone, led by the Nifty Financial Services index (down 1.45 per cent).</div>
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		<strong>LIC IPO</strong></div>
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		Life Insurance Corporation of India (LIC) will come out with its IPO on May 4. The company has set a price band at Rs 902 to Rs 949 per equity share, said Dipam Secretary Tuhin Kanta Pandey. He added that it will be called LIC 3.0 phase. <a href="https://www.business-standard.com/article/markets/lic-ipo-of-right-size-despite-market-constraints-says-dipam-secy-122042700461_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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		<strong>RIL IN FOCUS</strong></div>
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		Mukesh Ambani-led Reliance Industries Ltd&#39;s (RIL) became the first Indian listed company to touch the Rs 19-trillion market capitalisation-mark after its shares scaled a record high. The stock hit a new high of Rs 2,827.10, up 2 per cent on the BSE in Wednesday&#39;s intra-day trade in an otherwise weak market. <a href="https://www.business-standard.com/article/markets/reliance-industries-becomes-1st-indian-company-to-hit-rs-19-trillion-m-cap-122042700206_1.html" target="_blank"><strong>READ MORE</strong></a>&nbsp; &nbsp;</div>
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Sensex slips 537pts on weak global cues, Nifty holds 17K; Bajaj Fin dips 7%

Business Standard

Sensex slips 537pts on weak global cues, Nifty holds 17K; Bajaj Fin dips 7% | News on Markets - Business Standard

Stocks to Watch: Reliance, Bajaj Finance, Wipro, HDFC Life, Tata Coffee

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	Shares of Bajaj Auto, Hindustan Unilever and Indian Hotels are likely to be in focus as the companies report Q4 results on Wednesday.&nbsp;<a href="https://www.business-standard.com/article/markets/stocks-to-watch-today-reliance-bajaj-finance-wipro-hdfc-life-tata-coffee-122042700122_1.html" target="_blank"><strong>Read more</strong></a></div>
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	<img alt="stock market, markets, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-01/29/full/1611860206-2995.jpg?im=Resize,width=640" /></div>

DII inflows: DIIs buy equities worth Rs 1,644 crores Tuesday

FII outflows: FIIs pull out Rs 1174 crores worth shares on Tuesday

Q4 report card: Bajaj Finance consolidated net profit up 80% at Rs 2,420 crore

Bajaj Finance Ltd posted an 80 per cent growth year on year (YoY) in net profit at Rs 2,420 crore for the fourth quarter ended March 2022 (Q4FY22) from Rs 1,347 crore a Q4FY21. <a href="https://www.business-standard.com/article/companies/bajaj-finance-q4-consolidated-net-profit-up-80-at-rs-2-420-crore-122042601265_1.html" target="_blank"><strong>Read more</strong><br />
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<img alt="stocks, stock market, m arket, sensex, growth, revenue, earnings, results, Q2,Q1, Q3, Q4, COMPANY, nse, bse," src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-11/03/full/1572794638-0702.jpg?im=Resize,width=640" /></a>

Nifty likely to remain choppy, these are the key levels as per Vinay Rajani

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	The technical analyst from HDFC Securities recommends buying Action Construction Equipment and Bandhan Bank. <a href="https://www.business-standard.com/article/markets/nifty-likely-to-remain-choppy-these-are-the-key-levels-as-per-vinay-rajani-122042700127_1.html" target="_blank"><strong>Read here</strong><br />
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	<img alt="NSE, national stock exchange, nifty50" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-02/25/full/1614199664-3584.jpg?im=Resize,width=640" /></a></div>

Buzzing stocks: Wipro announces acquisition of global SAP firm Rizing for $540 mn

Continuing on its inorganic play, Bengaluru-headquartered Wipro on Tuesday announced the acquisition of Rizing Intermediate Holdings, a global SAP consulting firm, for a consideration of $540 million (around Rs 4,060 crore). <a href="https://www.business-standard.com/article/companies/wipro-announces-acquisition-of-global-sap-firm-rizing-for-540-mn-122042601089_1.html" target="_blank"><strong>Read more</strong><br />
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<img alt="Wipro" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-04/15/full/1618488020-548.jpg?im=Resize,width=640" /></a>

SGX Nifty down 160 points; Nifty may open at 17,050

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	<img align="left" alt="chart" class="imgCont" height="182" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/27/full/1651029291-4101.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="459" />
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		source: investing.com</div>
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Rupee closes 11 paise stronger against USD on Tuesday

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	<img align="left" alt="chart" class="imgCont" height="245" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/27/full/1651029191-7126.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="527" />
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		source: bloomberg</div>
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Oil prices rise as China announces stimulus plans; Brent Crude up 0.7% to $106/bbl

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	<img align="left" alt="chart" class="imgCont" height="157" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/27/full/1651028916-1796.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="309" />
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		Source: oilprice.com</div>
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US stock futures hold nominal gains after sharp losses on Wall Street

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	<img align="left" alt="chart" class="imgCont" height="103" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/27/full/1651028765-0114.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="527" />
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		source: finance.yahoo.com</div>
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Asian stocks trade with cuts in early trade tracking global losses

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	<img align="left" alt="chart" class="imgCont" height="257" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/27/full/1651028519-8044.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="598" />
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		Source: Reuters</div>
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US markets post sharp fall Tuesday; Nasdaq dips 4%

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	<img align="left" alt="chart" class="imgCont" height="298" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/27/full/1651028050-8169.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="587" />
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		Source: Reuters</div>
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