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heat extremes could become an «emerging feature» of a warmer planet, according to a new study. The new research that reviewed the weather and climate of 2023 also said that many of the extreme events experienced last year are consistent with predictions previously made about a warmer world. Putting the events of the warmest year on record in perspective, researchers said that in a warmer future, more events involving record-breaking hot temperatures occurring earlier in the year, and cyclones exacerbating rainfall extremes are in order. Change in seasonality of extreme events too is another trend the researchers observed.

₹86,000 crore for the state-fun rural job scheme, the same as the revised estimates for FY24. “Monsoon is a major factor, which influences output of agriculture much more strongly for the crop sector. So, the monsoon forecast that we will have La Nina effect and rainfall will be 2% above normal is very good news for Indian agriculture.

Even as global geopolitical worries, rising bond yields, soaring crude oil rates and fading hopes of rate cut by central banks are keeping Sensex and Nifty under pressure, there are enough stock-specific opportunities in the market. Rupak De, Senior Technical Analyst at LKP Securitieslists out three top picks for the week — ICICI Bank, Samvardhana Motherson and DLF.

real estate sector, along with an increase in working capital requirements, has resulted in an increase in debt transactions in housing projects, as property developers seek to bridge the gap between demand and supply. This trend has also led to a surge in private equity and real estate credit funds, such as Nisus Finance, PAG Asia, ASK Property Fund and HDFC Capital, actively seeking to invest more in the residential segment. «We are actively exploring more investment opportunities in the coming quarters, with many such prospects in other major metros. We have identified stressed residential assets worth around ₹1,000 crore, totalling 5 million square feet across Bangalore, and are actively seeking similar opportunities,» said Angad Bedi, managing director of BCD Group, which jointly operates a stressed fund with Nisus Finance.

Market flows into smallcaps and midcaps have been ahead of their earnings due to increased investor appetite for these funds, says Ashish Naik, Equity Fund Manager, Axis Mutual Fund. “I would like to mention here that the small caps and midcaps have seen notable earnings upgrades and some of it is already reflected in their valuations,” he says. Edited excerpts from a chat:

extreme heat events. The record-breaking temperatures posed considerable challenges for communities, including heightened risks of heat-related illnesses, as per a report in Fox News. Americans are encountering prolonged periods of scorching temperatures, characterized by increased frequency and intensity of extreme heat events. This trend highlights the escalating impact of climate change on weather patterns across the United States.

With a significant 24-hour trading volume of $2.97 billion and a price surge to $151.34, Solana showcases robust market performance.

Given the enormous swings in price of major cryptocurrencies such as Bitcoin amid massive volatility within the cryptocurrency industry, investors and crypto enthusiasts are searching for opportunities that could lead to large profits in a post-halving world. Bitgert, a player in the blockchain space since 2021 has attracted attention because it is poised for immense growth after bitcoin undergoes its halving.

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FPIs have turned net sellers not just in the Indian equity market but also in the debt market for the first time since March last year. «A major trend in FPI activity this month is that FPIs have turned sellers into debt after sustained buying for several months. In April through 20th, FPIs sold debt worth Rs 12,885 crore. This again is the consequence of the rising US bond yields and the concern regarding rupee depreciation,» said Dr. V K Vijayakumar of Geojit Financial Services.

Buy or sell stocks: Following weak global market sentiments on rising fears of the Iran-Israel war, the Indian stock market snapped its four-week winning streak. The Nifty 50 index ended 1.65 percent lower in the week gone by at the 22,147 mark, the BSE Sensex logged a weekly loss of 1.56 percent and finished at 73,088 level while the Bank Nifty index lost 2.65 percent last week and closed at 47,574 mark. In the broad market, the small-cap index finished 1.73 percent lower last week whereas the mid-cap index corrected over 3 percent in the truncated week.

UNUS SED LEO climbs, and the future looks relatively bright, while Aptos predictions are all over the board. So, it’s no wonder that Leo and Aptos holders are turning to a sure thing, namely DeeStream , a platform set to completely disrupt the world of streaming.

Chaos has taken over the cryptocurrency space as we move closer to Bitcoin’s (BTC) April 19 halving event. Investors haven’t seen the considerable growth many analysts predicted would occur leading to its halving event.

Vedanta shares: After ushering in the new year 2024, Vedanta share price remained in base-building mode till the middle of March 2024. However, after bottoming out at ₹250 apiece levels in mid-March, Vedanta share price has remained in an uptrend. Vedanta share price ended on Friday at around ₹385 apiece, which means the Vedanta share has risen to the tune of 50 percent since mid-March.

Analysts have recently observed that the altcoin market cap has been the only constant despite the volatility in Bitcoin’s price over the past few weeks. Crypto traders have been closely observing altcoin markets to find the next big altcoin. 

Wipro recently announced their January-March quarter results for fiscal 2023-24 (Q4FY24) and reported a full-year decrease in their total employee headcount for the entire fiscal. Cumulatively, the three software services exporters reported a full-year decline of 63,759 in headcount numbers during the entire financial year 2023-24 (FY24) The IT majors also reported a sequential decline in attrition rates, painting a grim picture for employment and hiring trends amid weak global demand and falling discretionary spending.

Gujarat Hotels announced their Q4 FY24 results on 18 Apr, 2024, revealing a 1.35% decrease in revenue but a 7.91% increase in profit year-over-year. In comparison to the previous quarter, the company saw a 2.57% growth in revenue and a 10.98% increase in profit.

HDFC Life Insurance Company announced their Q4 FY24 results on 18 Apr, 2024, with a significant increase in both revenue and profit. The company reported a 27.81% year-over-year growth in revenue and a 13.73% year-over-year rise in profit.

supply policy unchanged till the second half of 2024. The International Monetary Fund (IMF) has described an "adverse scenario" in which an escalation of conflict in the Middle East would lead to a 15 per cent jump in oil prices and higher shipping costs that would hike global inflation by about 0.7 percentage points. Global brokerages such as Morgan Stanley has lifted its third quarter Brent crude oil forecast by $4 per barrel to $94 .

HDFC Bank Q4 results are scheduled to be released on Saturday, April 20. India’s banking sector is expected to report relatively soft earnings during the January - March 2024 quarter characterized by net interest margin (NIM) pressure, steady loan growth but softer deposit growth, and cost pressures with the impending impact of wage hikes and pension provision for a few, analysts said. On the positive side, lower credit cost and better recovery trends are expected to support banking sector earnings in Q4FY24.

₹20,000 crore in just four trading sessions. On Thursday, FPIs sold ₹4,260 crore, followed by ₹4,468 crore on Tuesday and ₹3,268 crore on Monday. Last Friday (April 12), they offloaded ₹8,027 crore, bringing the cumulative four-day sell-off to ₹20,023 crore, according to National Stock Exchange (NSE) data.