Stock Market Highlights, April 24: RIL, IT shares cap gains on Sensex, Nifty; metals shine

Stock market highlights on Wednesday, April 24: n the broader markets, the BSE MidCap and SmallCap indices outperformed the benchmarks by settling 0.92 per cent and 0.79 per cent higher, respectively

9:17 AM

Opening Bell :: Sensex gains 200 pts in early deals

9:10 AM

Pre-Open Session :: Nifty holds 22,400

9:09 AM

Pre-Open Session :: Sensex quotes 200 pts higher

9:05 AM

Currency Check :: Rupee opens at 83.30/$ Vs Tuesday's close of 83.34/$

9:02 AM

Downside risk in Persistent Systems remains despite price correction

The stock of Persistent Systems is down 10 per cent over the last two trading sessions, as weaker than expected margin performance in Q4, moderation in order wins, delayed recovery in profitability coupled with stiff valuations hit investor sentiment. READ MORE

8:58 AM

Special audit starts at IIFL Fin after RBI restricted gold loan sanction

RBI's inspection had indicated a lack of adherence to the standard auction process and a lack of transparency in charges being levied on customer accounts. READ MORE

8:55 AM

As silver price rally, Hindustan Zinc's plans entry into value-adds

Earlier this month, Hindustan Zinc (HZL) announced its rise to become the world’s third-largest producer of silver. Globally, the metal has been on a price rally, pushing HZL to explore expansion strategies, including value-added initiatives. READ MORE

8:51 AM

HUL Q4 Preview:: Brokerage expectations from the FMCG giant

According to analysts, HUL’s revenue and profit for the quarter under review may remain little changed as demand trends remain muted. They expect HUL's Q4FY24 revenue to grow in the range of 1 per cent to 2.5 per cent on a year-on-year basis, while net profit may stay flat. READ MORE

8:47 AM

Axis Bank Q4 Preview: Analysts expect tepid numbers

Axis Bank, meanwhile, may report a tepid numbers for the March quarter on the back of high base (sequentially), and lower treasury income. Analysts also expect Net Interest Margin (NIM) to contract. READ PREVIEW

8:43 AM

Changing complexion: Adani stocks now have prominent investor base

Amid intense scrutiny from short-sellers and regulators, Adani group stocks have seen a significant shift in their shareholder base: Relatively opaque foreign portfolio investors (FPIs) have given way to more recognisable investors and broad-based funds.  READ MORE

8:39 AM

Jane Street saga echoes another warning for retail option traders

In India's derivatives market, where the average daily trading volume has surged nearly two-folds to Rs 440 trillion in just a year, algorithmic trades are not new. READ MORE

8:35 AM

Fund managers trim PSB exposure, see better value in private banks

Mutual fund (MF) managers have trimmed their allocation in public sector banks (PSBs) in the recent months amid assumption that the stock prices may have already run their course. READ MORE

8:30 AM

Strong signal for telecom sector after successful Vodafone Idea FPO

The success of the massive Vodafone Idea (VIL) follow-on public offer (FPO), which raised Rs 18,000 crore, coupled to a subscription of fresh equity worth Rs 2,075 crore by an Aditya Birla group company has triggered some optimism about the telecom sector. READ MORE

8:26 AM

Why did the Volatility Index fall nearly 20% on Tuesday? check here

Analysts said markets may have factored in continuation of the current regime in the general elections. Easing of geopolitical tensions after Israel's relatively muted response to Iran's drone and missile strikes may have also contributed to the index declining 19.7 per cent to end the session at 10.2. READ MORE

8:22 AM

Nifty swings above 20-DEMA; check key support, resistance levels here

Nifty50 outlook: Downward gap zone of 22,503 and 22,427 is expected to remain resistance for the Nifty in the near-term. READ MORE