_media/bs/ado/article-speech/123042100121-1682071742675.mp3

CLOSING BELL:  The broader indices ended marginally in red, with Midcap index declining 0.4 per cent, and the Smallcap index down 0.3 per cent.

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	<strong>Stock Market Highlights: </strong>The key benchmark indices consolidated in a narrow range in trades on Friday, while stock-and-sector specific activity dominated the proceedings. Among the frontline stocks, ITC and TCS logged strong gains even as auto, metal and realty stocks slid amid selling pressure.</div>
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	ITC surpassed HDFC in terms of market capitalisation to become the 7th most valued firm in India. The stock gained 1.9 per cent at Rs 408. <a href="https://www.business-standard.com/markets/news/itc-surpasses-hdfc-s-m-cap-to-become-7th-most-valued-listed-company-123042100426_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	TCS too moved up 1.8 per cent today. Among the other IT peers, Wipro and HCL Technologies also gained over a per cent each, while Infosys edged 0.3 per cent higher.&nbsp;</div>
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	On the flip side, Tech Mahindra was the top loser among the Sensex 30 stocks, down over 2 per cent. The stock has shed 9 per cent in the last five trading sessions amid downgrades by Citi and JP Morgan.</div>
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	Maurti Suzuki, Tata Steel, UltraTech Cement, Tata Motors, Bajaj Finserv, IndusInd Bank, ICICI Bank and Bharti Airtel declined 1-2 per cent each.</div>
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	The S&P Sensex swung in a narrow band of 368 points before settling at 59,655, up 23 points. The NSE Nifty 50 ended almost unmoved at 17,624.<br />
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		The broader markets ended with marginal losses. The BSE Midcap index was down 0.4 per cent, and the Smallcap 0.3 per cent.</div>
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		Sectorally, the BSE Realty index cracked 2 per cent. The Auto and Metal indices slipped a per cent each. On the positive front, the FMCG index advanced 0.8 per cent, and the IT index added 0.6 per cent.<br />
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Sensex, Nifty end flat after listless day; ITC, TCS up 2%; realty stks dip

Business Standard

Sensex, Nifty end flat after listless day; ITC, TCS up 2%; realty stks dip | News on Markets - Business Standard

Fund Flow :: FIIs sold equities worth Rs 1,169 crore on Thursday

BREAKING :: US President Joe Biden looking at launching his reelection campaign, reports Bloomberg

<blockquote class="twitter-tweet">
	<p dir="ltr" lang="en">
		BREAKING: President Joe Biden is looking at formally launching his reelection campaign next week, setting up a potential rematch with Donald Trump <a href="https://t.co/eqQ1s30HWz">https://t.co/eqQ1s30HWz</a> <a href="https://t.co/uN5vHU5rQl">pic.twitter.com/uN5vHU5rQl</a></p>
	&mdash; Bloomberg (@business) <a href="https://twitter.com/business/status/1649164936428306435?ref_src=twsrc%5Etfw">April 20, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Oil prices extend decline amid demand slowdown concerns, rising dollar

SGX Nifty flat with positive bias despite subdued global mood

Asian market lacks firmness amid weak handover from Wall Street

Wall Street overnight :: US indices fall amid weak set of earnings

Welcome to Business Standard&#39;s LIVE market blog<br />
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Track all the latest, market-related updates here.

HDFC MERGER UPDATE :: HDFC Bank to comply with extant requirements of CRR, SLR and LCR without exceptions

&gt;&gt; <strong>Priority Sector Lending;</strong> Adjusted Net Bank Credit may be calculated considering one-third of the outstanding loans of HDFC Limited as on the Effective Date of the Amalgamation<br />
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&gt;&gt; <strong>Investments:</strong> Investments including subsidiaries and associates of HDFC Limited are allowed to continue as investments of HDFC Bank.<br />
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&gt;&gt;<strong> Interest rate benchmarks</strong>: One time mapping of all borrowers of HDFC Limited would need to be done by HDFC Bank for benchmark and spreads<br />
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&gt;&gt; <strong>Loan Against Shares:</strong> Basis the list submitted by HDFC Limited, RBI has permitted loan against shares for promoter contribution / in excess of Rs. 20 lacs to the individuals, to continue for its existing duration / maturity<br />
<a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/1daea6a4-056c-45b7-ad23-e550df9ac161.pdf" rel="nofollow" target="_blank"><br />
<em><strong>Click here for details</strong></em></a>

Buzzing stock :: At 5.06 trn, ITC is now 7th most valued firm; stock ends near record high

Broader markets trail benchmarks; MidCaps worst hit

Sectoral trends :: Nifty Realty slips over 2%, Media, FMCG rise in muted trade

Sensex Heatmap :: Tech M, Maruti, Tata Steel settle as top laggards; ITC shines

CLOSING BELL :: Sensex recovers in fag-end, ends in green for second day

Ramky Infrastructure hits over 12-year high; stock zooms 48% in 2 months

On March 31, 2023, Ramky Infra announced that Srinagar Banihal Expressway Limited (SBEL), a subsidiary of the company, has reached a debt settlement agreement with lenders. <a href="https://www.business-standard.com/markets/news/ramky-infrastructure-hits-over-12-year-high-stock-zooms-48-in-2-months-123042100568_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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<div style="float: left; max-width: 600px;">
	<img align="" alt="Highway" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-04/04/full/1522786903-0512.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 449px;" title="NHAI, highways" /></div>
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Export, demand slowdown may hurt Schaeffler India's near-term prospects

Shares of Schaeffler India, the country&rsquo;s largest listed ball bearings maker, were down about 9 per cent over the last three trading sessions on a weak March quarter performance, downward revision of earnings and lack of valuation comfort. While brokerages are positive on the company&rsquo;s medium-term prospects, in the near term there could be pressure both on exports as well as domestic auto segments. <a href="https://www.business-standard.com/india-news/export-demand-slowdown-may-hurt-schaeffler-india-s-near-term-prospects-123042100362_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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<div style="float: left; max-width: 600px;">
	<img align="" alt="Schaeffler India" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-09/09/full/1662743088-583.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 449px;" title="Schaeffler India" /></div>

Tech M sheds 9% in 5 days on JP Morgan, Citi downgrades; target price cuts

Tech Mahindra&#39;s stock fell 2.6 per to its day&#39;s low of Rs 994.55 on Friday after JP Morgan downgraded the stock to &#39;underweight&#39; from &#39;neutral&#39;, slashing its target price by 10 per cent to Rs 900. <a href="https://www.business-standard.com/markets/news/tech-m-sheds-9-in-5-days-on-jp-morgan-citi-downgrades-target-price-cuts-123042100544_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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<div style="float: left; max-width: 600px;">
	<img align="" alt="Tech Mahindra" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/hp/home-page/2021-04/26/full/1619434290-2884.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 449px;" title="Tech Mahindra" /></div>

ITC surpasses HDFC's m-cap to become 7th most valued listed company

Thus far in calendar year 2023 (CY23), ITC has surged 22%, as compared to 3% decline in the S&amp;P BSE Sensex, and 2.4% rise in HDFC Ltd. <a href="https://www.business-standard.com/markets/news/itc-surpasses-hdfc-s-m-cap-to-become-7th-most-valued-listed-company-123042100426_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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<div style="float: left; max-width: 600px;">
	<img align="" alt="ITC" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-06/01/full/1622554765-4533.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 449px;" title="ITC" /></div>

RIL may be a greater threat to D2C FMCG brands, says Kantar report

Reliance, which is now active in a variety of fast-moving consumer goods businesses, might pose a challenge to these smaller online-only firms, the report said. <a href="https://www.business-standard.com/companies/news/ril-may-be-a-greater-threat-to-d2c-fmcg-brands-says-kantar-report-123042100373_1.html?1682061522" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Reliance Industries" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-07/25/full/1627235647-1993.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Reliance Industries" width="620" /></div>
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Stock of this footwear company has zoomed over 100% in 9 trading days

Mirza International was locked at the 10 per cent upper circuit for the third straight day so far on Friday. <a href="https://www.business-standard.com/markets/news/stock-of-this-footwear-company-has-zoomed-over-100-in-9-trading-days-123042100360_1.html?1682059985" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="footwear" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-02/16/full/1645012525-8979.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="footwear" width="620" /></div>
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Royal Orchid Hotels, Kamat Hotels: Hotel stocks can rally up to 20%

Select hotel stocks may rise up to 20 per cent in coming sessions, as per the technical charts. <a href="https://www.business-standard.com/markets/news/royal-orchid-hotels-kamat-hotels-hotel-stocks-are-poised-for-bigger-gains-123042100343_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Trading on overseas online forex platforms illegal, punishable under FEMA" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-06/20/full/1560971319-5841.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Trading on overseas online forex platforms illegal, punishable under FEMA" width="620" /></div>
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ICICI Bank to report Q4 result on April 22; here's what brokerages expect

ICICI Bank is slated to report its January-March quarter result on Saturday, April 22. <a href="https://www.business-standard.com/markets/news/icici-bank-to-report-q4-result-on-april-22-here-s-what-brokerages-expect-123042100161_1.html?1682059432" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="ICICI Bank" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-08/26/full/1629916718-4751.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="ICICI Bank" width="620" /></div>
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Voda Idea soars 10% as Kumar Mangalam Birla rejoins board after two years

Birla&#39;s re-appointment on the board signals the group&#39;s commitment to the company as it continues its efforts to find an investor. <a href="https://www.business-standard.com/markets/news/voda-idea-soars-10-as-kumar-mangalam-birla-rejoins-board-after-two-years-123042100257_1.html?1682053878" target="_blank"><strong>READ MORE</strong></a><br />
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<div style="float: left; max-width: 600px;">
	<img align="" alt="Vodafone Idea" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-07/26/full/1627320318-2485.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 449px;" title="Vodafone Idea" /></div>

Cyient surges 9%, hits 52-week high on strong Q4 results

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	Overall, from a macro standpoint, the business outlook remained strong with no material impact on the BUs, except for few sub-segments, analysts said. <a href="https://www.business-standard.com/markets/news/cyient-surges-9-hits-52-week-high-on-strong-q4-results-123042100235_1.html" target="_blank"><strong>READ</strong></a></div>
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	<img alt="Sensex, Nifty, stock brokers" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/05/full/1680686226-6079.jpg?im=FeatureCrop,width=826,height=465" style="width: 600px; height: 338px;" /></div>

Vodafone Idea jumps 8% as Kumar Mangalam Birla rejoins company's board

After a hiatus of nearly 2 years from the company, Aditya Birla Group (ABG) chairman Kumar Mangalam Birla has been inducted back as a non-independent and non-executive additional director, subject to shareholder approval.&nbsp;<br />
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	<img align="left" alt="chart" class="imgCont" height="324" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/21/full/1682049595-7053.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="518" /></div>
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HCLTech gains 2% on better-than-expected Q4 result

The company posted a less than expected fall in profit sequentially.&nbsp;<br />
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	<img align="left" alt="chart" class="imgCont" height="322" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/21/full/1682049480-0789.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="520" /></div>
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UPL, Divis Lab, HDFC Life additional winners on Nifty

HEATMAP: HCLTech leads Sensex gains; Tech M, Tata Steel trail most

OPENING BELL: Nifty climbs above 17,650 with 32 stocks in green

OPENING BELL: Sensex opens over 100 points higher

Market Strategy :: How to trade Nifty, Nifty Bank today?

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	<strong>Nifty: </strong>Since the past 3-4 sessions, the zone near 17,550-17,580, which is where the significant 200-DMA lies, has been maintained as a strong support zone with</div>
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	recovery witnessed and closing above the 17,600 levels. The support for the day is seen at 17,500 levels while the resistance is seen at 17,750 levels.<br />
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	Nifty Bank: With results to be released in the coming week of two major frontline banking stocks -- ICICI bank and Axis Bank -- volatility is anticipated and would decide the further directional move of the index. BankNifty would have the daily range of 41,800-42,700 levels.<br />
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	<em>Source: Prabhudas Lilladher</em></div>

Is it time to buy consumer appliance stocks as heat wave intensifies?

Mutual fund investors show bias towards riskier small-cap-oriented schemes

Investors funnelled Rs 2,430 crore down small-cap funds &mdash; 1.8 per cent of their AUM of Rs 1.33 trillion. Meanwhile, inflows into mid-cap schemes were 1.2 per cent of their AUM, while those into large-cap schemes were just 0.4 per cent of AUM. <a href="https://www.business-standard.com/markets/mutual-fund/despite-sharp-volatility-mf-investors-show-small-cap-bias-shows-data-123042000886_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-01/02/full/1672678746-2418.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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Result Today :: O2C segment may drive RIL's Q4FY23 revenue

Prabhudas Lilladher said that the company is well-placed to benefit from strength in refining margins, due to geopolitical disruptions, and higher gas profitability. Volumes, therefore, are estimated to rise to 30 mmscmd (million metric standard cubic meters per day) in Q4FY23 from ~19 mmscmd, in a year-ago period <a href="https://www.business-standard.com/markets/news/o2c-segment-may-drive-ril-s-q4fy23-revenue-retail-telco-stable-analysts-123042000248_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-07/23/full/1658541446-2146.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="" width="620" /></div>
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Stocks to Watch: HCLTech, Cyient, Siemens, RIL, Suven Pharma, Voda Idea

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	<strong>Cyient:</strong> Cyient Ltd posted a net profit of Rs 163 crore in Q4FY23, up 5.5 per cent YoY. The net profit was up 4.5 per cent sequentially. The revenue from operations in Q4 climbed 30 per cent YoY to Rs 1,751.4 crore.<br />
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	<strong>Vodafone Idea</strong>: After a hiatus of nearly 2 years from the company, Aditya Birla Group (ABG) chairman Kumar Mangalam Birla has been inducted back as a non-independent and non-executive additional director, subject to shareholder approval.<a href="https://www.business-standard.com/markets/news/stocks-to-watch-today-hcltech-cyient-siemens-ril-suven-pharma-voda-idea-123042100127_1.html" target="_blank"> <strong>READ MORE</strong></a><br />
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		<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-02/17/full/1581961584-1.png" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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