India Financial News

Au Small Finance Bank Ltd.(up 5.53 per cent), Bandhan Bank Ltd.(up 3.63 per cent), HDFC Bank Ltd.(up 1.9 per cent), IDFC First Bank Ltd.(up 1.6 per cent) and Kotak Mahindra Bank Ltd.(up 0.42 per cent) were among the top gainers.

Chakri Lokapriya, Managing Partner, RSB LLP, says among T&D companies, Skipper is one of the largest companies globally and in India, they are present not just in manufacturing but also in EPC. The stock has valuations on its side. Demand has been weak for the last two years for well-known reasons. Now the cycle is picking up; Second is JTL Infra, again a bet on the manufacturing theme. They are doing capacity expansion to meet demand and valuations are on its side. These are the bets largely revolving around manufacturing and capex themes.” There are two moving parts, especially when it comes to the commodity construct. A) The rip-roaring ride that we are seeing in metals and B) the uptick in crude that the market is sort of ignoring. What do you make of the move in metals so far? Chakri Lokapriya: If you look at what is happening in metals both domestically and globally, the US data has come out stronger than expected.

recycling lithium-ion batteries (LIB) and e-waste using indigenous technology in Uttarakhand. This move aims to enhance circularity and lessen the country's reliance on imported critical mineral resources. Presently, a large portion of LIBs, about 95%, end up in landfills without recycling, while only 5% undergo the process. The lithium-ion battery recycling market is expected to grow significantly, reaching close to $15 billion by 2030, showing a compound annual growth rate of 21.6%. In 2021, the market size was $3.8 billion. Improper disposal of LIBs through landfilling and incineration poses environmental and health risks. Effective recycling will not only provide secondary raw materials for cell manufacturing domestically but also help in averting health hazards. Moreover, e-waste poses a substantial challenge, with approximately 78% of it not being collected in India. This results in valuable secondary raw materials like gold, silver, copper, and rare earth elements being left in dump yards or landfills. India is currently the third-largest generator of e-waste globally.

₹80,000 and ₹1,40,000. Vistara's sticky wage problem holds lessons for the Tata Group However, Vistara CEO Vinod Kannan claimed that the pilot shortage triggered as they reached their flight duty time limit. Kannan said the management will revise the roster to take pressure off the pilots from May onwards.

BSE Midcap index also hit its fresh all-time high of 40,973.14, rising nearly 1 per cent. The Smallcap index also rose 1 per cent to hit its intraday high of 46,015.16. The all-time high of the BSE Smallcap index is 46821.39 which it hit on February 7 this year.

₹25.08 lakh crore as of March 31, 2024, from ₹16.14 lakh crore as of March 31, 2023. On a sequential basis, the advances of HDFC Bank, the largest private sector bank in India, grew 1.6% from ₹24.69 lakh crore in December 2023. Grossing up for transfers through inter-bank participation certificates and bills rediscounted, the bank’s advances grew by around 53.8% over March 31, 2023, and around 1.9% ( ₹472 billion) over December 31, 2023, HDFC Bank said in a BSE filing on Thursday.

Rahul Gandhi, he holds stock market investments totaling ₹4.3 crore, mutual fund deposits amounting to ₹3.81 crore, and ₹26.25 lakh in a bank account. Additionally, the 53-year-old leader declared ₹55,000 in cash and a total income of ₹1,02,78,680 ( ₹1.02 crore) for the financial year 2022-23. The movable assets of Rahul Gandhi are valued at ₹9.24 crore, including gold bonds worth ₹15.2 lakh.

₹931.50. In the past 1 day, the Mentha oil rate on MCX has decline 0.18% from ₹938.00 to ₹931.50.Mentha oil is an essential oil obtained from a mint plant and India is one of the leading producers and exporters of mentha oil. Mentha oil is used in food, pharma, soaps, and other skincare/personal care products.

Stock market today: On account of weak global market sentiments ahead of the US Fed chairman Jerome Powell's speech on Wednesday, the Indian stock market remained range-bound throughout the Wednesday session. Out of three frontline indices, The Nifty 50 index and the BSE Sensex ended lower whereas the Bank Nifty ended in the green territory on the previous session. However, the broad market indices continued outperforming the key benchmark indices as the small-call and the mid-cap indices gained over 0.50 percent.

Rahul Gandhi, has stock market investments worth ₹4.3 crore, mutual funds deposits worth ₹3.81 crore, and savings worth ₹26.25 in two bank accounts, according to the affidavit that he has submitted to the Election Commission of India. Gandhi is seeking re-election from Wayanad seat in Kerala which he won with a margin of over four lakh votes in 2019.

—Name withheld on request

Gurpatwant Singh Pannun murder plot. “We have made clear to the Government of India that we want to see them conduct a full investigation, and we continue to look forward to the results of that investigation…," Miller said. The Biden administration earlier stated that the US is working with India to hold accountable those behind a plot to kill Pannun.

₹47,000-61,000 crore. These costs today are likely to be much higher. Compare this with the 2024-25 budget estimate of the ministry of jal shakti of ₹98,418.79 crore, of which only ₹21,028.11 crore goes to the department of water resources, river development and Ganga rejuvenation.

Vistara is under regulatory scrutiny after scores of its flights got either cancelled or delayed this week. India’s aviation regulator has asked the airline for daily status reports on its flights, which have been disrupted by a crew shortage. Disgruntled pilots have been calling in sick, as reported, in protest against pay revisions as part of the airline’s merger with Air India.

₹20.2 trillion, up 11.7%. Last fiscal year’s monthly average GST mop-up was ₹1.68 trillion, up from ₹1.5 trillion the year before. It seems we can finally close the long chapter of shortfall-compensation for states after the mid-2017 switchover to GST from multiple central and state taxes that got subsumed by this uniform levy across the country.

Sensex fell 27.09 points, or 0.04%, to close at 73,876.82, while the Nifty 50 settled 18.65 points, or 0.08%, lower at 22,434.65. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 4 “Markets are trading with caution ahead of the RBI policy meeting and key macro data to be released in the US and Europe. We expect the market to consolidate over the next few days until the events unfold," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Sensex fell 27.09 points to close at 73,876.82, while the Nifty 50 settled 18.65 points, or 0.08%, lower at 22,434.65. Nifty 50 formed a small positive candle on the daily chart with a gap-down opening and an upper shadow. “Technically this pattern indicates broader range movement in the market near all-time highs.

Day trading stocks: Following weak global market cues on doubts over the US Fed rate cut, the Indian stock market remained choppy on the entire Wednesday session. The Nifty 50 index corrected 18 points and ended at the 22,434 level, the BSE Sensex lost 27 points and ended at the 73,876 mark whereas the Bank Nifty index added 78 points and closed at the 47,624 level. However, the broad market indices rose more than 0.5 percent even as the advance-decline ratio remained positive at 2.75:1.

KKR produced a remarkable performance as their target of 273 turned out to be too much for the DC as they gave in to the pressure and ended up suffering a 106-run defeat. With KKR's yesterday's win, the team marched on to the top of the table with their third consecutive win. KKR's Sunil Narine (85), Angkrish Raghuvanshi (54), Andre Russell (41) and Rinku Singh's brutal-bashing helped KKR come within touching distance of surpassing SRH's score of 277.

Buy or sell stocks for today: On account of the US Fed Chair Jerome Powell's speech later in the day, the Indian stock market remained choppy on the entire Wednesday session. The Nifty 50 index went off 18 points and closed at the 22,434 level, the BSE Sensex shed 27 points and ended at the 73,876 mark while the Bank Nifty index gained 78 points and finished at the 47,624 level.

heatwave conditions across various states including Arunachal Pradesh, Jammu and Kashmir, Odisha, West Bengal, Andhra Pradesh, Punjab, and others for the next five days. “Enhanced rainfall/thunderstorm activity likely to continue over Northeast India till 07th April, 2024.