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Stock Market News: The domestic equity benchmark indices, the Sensex and the Nifty 50, opened in green on Thursday after declining for three straight sessions. The domestic indices tracked Asian counterparts and were led by PSU bank stocks, energy companies due to a decline in oil prices, and metals stocks as a result of concerns over global supply. On Thursday, the S&P BSE Sensex opened up 239.42 points, or 0.33%, at 73,183.10, while the NSE Nifty 50 began up 64.40 points, or 0.29%, at 22,212.35.

Sensex declined 456.10 points, or 0.62%, to close at 72,943.68, while the Nifty 50 dropped 124.60 points, or 0.56%, to settle at 22,147.90. The Indian stock market was shut on Wednesday for Ram Navami. Nifty 50 formed a small positive body candle on the daily chart with minor upper shadow.

Mint. According to a Bain Capital report released this March titled ‘India Venture Capital Report 2024’, even as fund-raising slowed to $4 billion in 2023, domestic VCs stepped up, driving more than 90% of the fund-raising and, significantly, launching several thematic funds focused on emerging themes. While sector-specific funds have existed for some time, it is only now that they are coming centre stage, as investors become more discerning and look to make targeted bets in sunrise industries to maximize returns on capital deployed.

The full impact of the Reserve Bank of India's (RBI) increase in risk weights on consumer credit for banks and NBFCs, which was announced in November last year, is also likely to be felt this quarter impacting profitability and growth for small-ticket loans for personal consumption.

The rupee has fallen to a new low of 83.5 against the dollar. This has wide ramifications, making exports lucrative but imports expensive. Mint looks at why the currency is falling, how it impacts everybody and what can RBI do.

The Indian stock market has seen a significant surge in individual investors’ participation over the recent years, driven by factors such as increasing financial literacy, technological advancements, and easier access to trading platforms. Among the essential components facilitating this trend is the demat account or dematerialised account. 

increase in 'heat stress' due to high temperatures along with humidity over India, TOI has reported. Describing this as 'moist heat stress', researchers have stated that its magnitude has risen by almost 30% in India over the past 40 years (1980-2020). The analysis has also shown a significant upward trend in the spatial range of areas facing heat stress in India. The term 'Heat stress' denotes the physiological pressure on the body due to exposure to high temperatures, frequently coupled with high levels of humidity.

Indian Offshoring market has evolved itself as a significant occupier in India’s office space with leasing over 46% of office space in 2023, with global capability centers (GCCs) being the biggest offshore occupier, showed a Knight Frank report that has cited India amongst the leading offshoring locations in the world. India’s offshoring market witnessed a 26% rise in overall leasing volume of 27.3 million sq ft in calendar year 2023 including GCC’s absorption of 20.8 million sq ft and third-party IT services’ 6.5 million sq ft. In recent years, India's office real estate market has seen a positive trend from GCCs, seeking growth opportunities in the global offshoring industry. The GCC landscape in India has grown significantly by fostering more than 1,580 centres across the nation in 2023. The GCC’s proposition in the Indian leasing transactions has increased to 35% in 2023 from 25% in 2022.

As per past trends, ICAI usually releases admit cards nearly 15 days before the exam commences. The CA May 2024 exams are scheduled to be held in offline mode from May 2 to 17, 2024. Applicants appearing for the intermediate and final level exams are advised to keep a close eye on the ICAI website and eServices portal for the official notification and download link.

Central Board of Secondary Education (CBSE) is expected to announce the results for Class 10 and 12 in May 2024. Students who appeared for the exams can check their results on the official website of CBSE, cbse.nic.in, and results.cbse.nic.in, by entering their login credentials. The board is expected to announce the official date and time for the announcement of the results. Students can also check their scores via SMS service, Digilocker, and the UMANG application. Multiple Ways to Download Mark Sheet Students can view and download their scorecards through various mediums, including official websites (cbse.gov.in, cbse.nic.in), SMS, Digilocker, UMANG App, Pariksha Sangam Portal, and through an Interactive Voice Response System (IVRS) or Call.

workforce in global capability centres (GCCs) is expected to increase to 35% by 2027 from 25% now, according to a new report by tech staffing and solutions provider TeamLease Digital. The report, titled ‘Women at the Heart of India’s Digital Evolution, explores aspects of the total female tech workforce in India, women’s employment in GCCs and in non-tech sectors, city-wise trends of women workforce expansion, in-demand and futuristic tech roles for women, and challenges faced by women in tech.

Tata Communications, ICICI Lombard, Angel One among others. The boards of Tata Communications and ICICI Lombard will also consider paying a final dividend to investors along with the fourth quarter results. Some other companies which will also declare their results later today include Just Dial, Hathway Cable, DRA Consultants, Hardcastle, Infomedia Press and KCL Infra.

Ram Navami and all the segments will stay shut. However, the multi commodity exchange (MCX) will function as usual in the second session. Since it’s also a settlement holiday, the commodity account balance on April 17 will not include the credits from profits from trades or positions in the commodity derivatives on April 16 and credits from exiting option positions on April 16.

Q4 Results Today: A total of ten companies are scheduled to release their financial results for the fourth quarter of FY24 (Q4 FY24) today, April 17 (Wednesday). ICICI Lombard General Insurance Company, Tata Communications, Just Dial, Angel One, DRA Consultants, Gretex Corporate Services, Hardcastle & Waud Mfg. Co., Hathway Cable & Datacom, Infomedia Press, and KCL Infra Projects are the ten companies that will release their Q4 results today, April 17.

SlateStone Wealth chief market strategist Kenny Polcari says the data should not be a surprise to anyone on 'Maria Bartiromo's Wall Street.'

With BOME trending downward and DogWifHat (WIF) retracing from recent highs, savvy memecoin investors are eyeing new presales, hoping for potential gains of up to 1000% by April 2024.

Also Read: Stock market crash today: Why is Indian stock market falling for last three days? Explained with 5 reasons According to Trading Economics data, eight out of thirteen categories recorded increases, indicating that consumers continued to spend at a faster pace than anticipated despite persistent inflationary pressures. Given the strong retail data and elevated inflation print for March, analysts anticipate that the Federal Reserve may delay rate cuts until July or September instead of June. In addition, the mixed results from IT major Tata Consultancy Services have also dented investors' sentiment towards IT stocks.

The global market has exploded for drinks that promise to do more than just taste good

Bitcoin (BTC), the leading cryptocurrency, recently showcased its resilience by rebounding above $66,270, a significant recovery from a recent low of $62,000. This downturn was initially triggered by the onset of the Iran-Israel conflict, causing substantial liquidations among crypto investors. With that in mind, Bitcoin price prediction seems bearish, ahead of Bitcoin haling event.

Federal Bank Ltd. traded 1.54 per cent down at Rs 152.65 on Tuesday at around 01:39PM (IST), while the benchmark BSE Sensex declined 657.69 points to 72742.09. As many as 435,939 shares changed hands on the counter with a total value of Rs 6.67 crore.

inflation in India, improving productivity growth alongside external factors, economists now expect the Reserve Bank of India to hold the rates steady and expect no easing in FY25. A report by Morgan Stanley on Tuesday said that the RBI is likely to keep the policy rate steady at 6.5 per cent due to global factors such as higher commodity prices, delayed start or shallower easing from the Fed and a stronger dollar. In addition, the decision also depends on domestic factors such as continued upside surprise in growth, driven by capex and productivity, implying higher equilibrium real rates.