India Financial News

DCM Shriram Industries Ltd.(up 2.05%), Rajshree Sugars & Chemicals Ltd.(up 1.34%), Vishwaraj Sugar Industries Ltd.(up 1.24%), EID Parry(India)Ltd.(up 1.19%), Bannari Amman Sugars Ltd.(up 1.12%), KCP Sugar & Industries Corporation Ltd.(up 0.91%), Rana Sugars Ltd.(up 0.89%), Simbhaoli Sugars Ltd.(up 0.87%), Mawana Sugars Ltd.(up 0.68%) and Ugar Sugar Works Ltd.(up 0.63%) were among the top gainers.

Bharti Airtel, Goldman Sachs has a neutral rating in Tata Consumer and Investec maintained a buy on Cipla. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Gaganyaan mission today, April 24, embarking on achieving yet another significant milestone in the space, said ISRO Chairman S Somanath on the sidelines of an event organized by the Astronautical Society of India (ASI) in Ahmedabad. “The airdrop test will happen on April 24. Then two more uncrewed missions will happen next year and then the manned mission, if everything goes well, by the end of next year," Somanath had said on April 17.

AMFI data. At the same time, new mutual funds’ folios in the mid cap category stood at 2,99,584. In the large cap funds, the number of new folios stood at 1,79,114.

IPL team to score 34 200+ totals in T20 cricket. With this, they equalled Somerset's world record for most 200+ totals in men's T20 cricket. Chennai’s 34th 200+ total came as captain Ruturaj Gaikwad remained unbeaten at 108 off 60 balls against Lucknow Super Giants (LSG).

₹18,951 crore, while revenues saw an 11% increase to over ₹2.4 trillion. Its core oil-to-chemicals business faced a few headwinds downstream, while a surge in offshore-gas output shored up hydrocarbons upstream, where oil was subject to global flux, even as Reliance Retail and telecom under Jio fared fairly well, turning in double- or near-double-digit growth on both counts. As far as numbers go, the annual results drew wider attention—as usual, for a whole new proportion of operations achieved over the year.

₹267.7 crore in Q4FY24, down from ₹345.6 crore recorded in Q4FY23. However, the company's operational revenue for the quarter increased by 8.5%, to ₹3,927 crore in A4FY24 from ₹3,619 crore in Q4FY23. From an operational standpoint, the company's EBITDA for the March quarter was ₹629.6 crore, marking a 23% growth from the ₹511.7 crore reported in the same period last year.

Shivam Dube crossed 1,000 runs for his team. In the IPL 2024 match against CSK at MA Chidambaram Stadium in Chennai, Shivam Dube's hard-hitting half century powered CSK to 210/4 against LSG. Not just this, Shivam Dube also completed 1000 runs for his team in IPL which prompted Suresh Raina to suggest his name for the T20 World Cup 2024 squad.

Omar Abdullah claimed that Mehbooba Mufti-led People's Democratic Party (PDP) has joined the Bharatiya Janata Party (BJP) as its 'C team'. Abdullah's statement comes after BJP leader Mushtaq Bukhari notably urged members of the Pahari community to vote for Mehbooba Mufti in the ongoing Lok Sabha election. Referring to this, the NC leader said, «If we have to defeat the BJP here, and the powers spreading poison in the whole country, then people should look at INDIA alliance leaders on all five seats of J-K. All others are connected to the BJP in some way. Be it the 'A' or 'B' team that meets Tarun Chugh sahib or PDP. I am assuming that now Mehbooba Mufti will put pressure on the BJP to get Mushtaq Bukhari's statement changed. PDP has joined BJP as its 'C' team.»

EAM Jaishankar expresses concern over rising deaths of Indian students in US "Now I read that article and I wanted to say listen, in that heat my lowest turnout is higher than your highest turnout in the best run," Jaishankar said. Jaishankar stressed that "They (West) actually think they are part of our electorate", adding, "I think it's time today that we disabuse them, and the best way that we do that, is by confidence." 'They need to calm down': Jaishankar dials Iran, Israeli counterparts The EAM said that the Western media also slams the Bharatiya Janata Party by calling it "unfair", and added, "In a kind of way, today, we are at a very important inflection point.". "They will question your election system, your EVM, your election commission, even the weather," Jaishankar said.

Sensex gained 89.83 points, or 0.12%, to close at 73,738.45, while the Nifty 50 settled 31.60 points, or 0.14%, higher at 22,368.00. “The domestic market exhibited range-bound performance, tracking positive global cues with sustained outperformance of the broader market. While tensions between Iran and Israel were perceived to have limited escalation, the uptick in crude prices suggests investors’ reassessing the risks.

Vodafone Idea (Vi) surged nearly 12% on BSE on Tuesday, a day after successfully closing its ₹18,000 crore follow-on public offer (FPO), lifting investor hopes of the cash-strapped telecom company. The FPO is expected to be followed by a ₹25,000 crore debt issue, helping achieve Vi's targeted ₹45,000 crore fundraising drive aimed at regaining financial health and bolstering competition with bigger and profitable rivals Reliance Jio and Bharti Airtel.

Hitachi Payment Services has launched India's first upgradable ATMs wherein, an ATM unit can be converted to a cash recycling machine (CRM) as and when a bank needs it, eliminating the need for a separate CRM. This can be done at a bank branch, and offsite as well. Most banks offer deposit services at branches, and withdrawals can happen at off-branch locations. With a way to upgrade ATMs to CRMs, banks eliminate the need to replace ATMs. These machines will be UPI-enabled for cash deposit and withdrawal.

NCLT) against ICICI Bank's bid to delist its broking arm from the Indian bourses. The private lender's scheme of arrangement to delist ICICI Securities received approval from the subsidiary's public shareholders in a voting process last month.

Dividend stocks: Shares of Huhtamaki India Ltd and Bharat Bijlee Ltd will be in focus when the stock market opens today, April 24 (Wednesday). The Board of Directors of the two companies have declared dividend and stock split for their eligible shareholders.

Top Events of the Day: India is all set to witness various political, legal, scientific, and financial events including PM Modi's Lok Sabha election campaign in Bhopal, Amit Shah's poll rally in Goa, ISRO's second test flight of Gaganyaan mission, and ED's reply to Arvind Kejriwal's plea today, April 24. Take a look at top events of the day in detail below, - Prime Minister Narendra Modi will address two public rallies in Sagar and Betul Lok Sabha constituencies along with a roadshow in Madhya Pradesh's Bhopal today. - Union Home Minister Amit Shah will hold a public meeting in Chikkamagaluru and participate in Hubballi roadshow.

Buy or sell stocks for today: Frontline indices Nifty 50 and Sensex settled higher for the third consecutive session yesterday driven by firm global cues and easing Middle East conflict. A major drop in the volatility index indicated that market participants are confident about the near-term trajectory.

Indian stock market today: A total of three stocks have been banned for trade on Wednesday, April 24, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

Day trading guide for today: Domestic equity benchmarks Sensex and Nifty 50 rose for the third straight day in the previous session following gains in telecom, tech and consumer durable shares amid a strong trend in the global markets. Volatility index plunged to within a margin of its record closing low amid fading worries over a major escalation in the Middle East conflict. The fear gauge India VIX which suggests how much the Nifty 50 index is likely to change in the next 30 days, plunged 20 per cent to reach near the level of 10.

The committee now includes special invitees from the industry including director general of Organisation of Pharmaceutical Producers of India (OPPI), managing director, US-India Strategic Partnership Forum (USISPF), industry representatives like Medical Technology Association of India (MTal), Confederation of Indian Industry (CII), forum coordinator of Association of Indian Medical Device Industry (AiMed), Federation of Pharma Entrepreneurs (FOPE), among others. The committee will evaluate the availability of medicines and medical devices, the pricing of essential medicines while providing incentives to the industry to maintain growth and build sustainability in exports. The committee will soon start consultations with the industry experts and associations of both medicines and medical devices, people in the know told ET.

Supriya Sule has cried foul over the Election Commission of India allotting an independent candidate in Baramati the trumpet symbol and calling it 'Tutari'. Incidentally, the symbol of the Sharad Pawar faction of NCP is that of a man blowing a blowhorn, which is called 'tutari' in Marathi. Though the symbols are visibly different, ECI labelling the trumpet as a 'tutari' has riled NCP-SP.