Market Preview
MONDAY
29-April-2024
Today’s Market Prediction:
- Indian stock market Would open FLAT
- Technically, Nifty is in the Negative zone- BankNifty is in the Positive zone.
- Nifty index formed Bearish candlestick pattern on the daily charts.
- India VIX up by 1.81 percent to 10.93 levels.
- Maruti Suzuki Q4 net profit rises 48%
- HCLTech Q4 net profit marginally higher at Rs 3,986 crore
- ICICI Bank Q4 net profit jumps 17% to Rs 10,707 crore
- Yes Bank Q4 net profit jumps 123% to Rs 451 crore
- RBL Bank Q4 net profit up 30% to Rs 353
- NBCC:
The construction company has received in-principle approval for the
incorporation of a wholly owned subsidiary in Dubai (UAE).
- Indian Renewable Energy Development Agency: The Department of Public Enterprises has granted Navratna status to the company.
Stocks in NEWS:-
-
Maruti
Suzuki India: The country's largest car maker has recorded standalone
net profit at Rs 3,878 crore for quarter ended March FY24, growing 47.8
percent over a year-ago period partly driven by strong operating numbers
and higher other income, but overall numbers below analysts'
expectations.
-
Vodafone
Idea: ATC Telecom Infrastructure has exited the telecom operator by
selling its entire shareholding of 144 crore equity shares (equivalent
to 2.87 percent of paid-up equity) at an average price of Rs 12.78 per
share via open market transactions, which valued at Rs 1,840.3 crore.
HCL
Technologies: The global IT services company has reported net profit at
Rs 3,986 crore for March FY24 quarter, falling 8.4 percent over
previous quarter impacted by weak operating numbers, and overall numbers
came in below analysts' estimates.
-
SBI
Life Insurance Company: The insurance company has recorded net profit
at Rs 810.8 crore for January-March FY24 quarter, growing 4.4 percent
over a year-ago period. Net premium income for the quarter grew by 26.2
percent year-on-year to Rs 25,116.5 crore and net commission at Rs 851.4
crore declined by 2.3 percent during the same period.
-
RBL
Bank: The private sector lender has reported standalone net profit of
Rs 353 crore for the March FY24 quarter, rising 30 percent over the same
period in the in the previous fiscal year with lower provisions and a
sharp increase in operating profit and other income.
-
ICICI
Bank: The private sector lender has recorded standalone net profit at
Rs 10,707.5 crore for quarter ended March FY24, growing 17.4 percent
over a year-ago period on lower provisions for bad loans. Overall,
earnings were ahead of analysts' estimates.
Market Indication:
Global: FLAT to POSITIVE
NIFTY: FLAT to POSITIVE
BANKNIFTY: FLAT to POSITIVE
PCR:The
Nifty Put-Call ratio (PCR), which indicates the mood of the market,
fell to 0.96 on April 26, from 1.28 levels in the previous session.
BULK Deals: Justdial, PTC india,Kaveri seeds limited etc.
Stocks In F&O Ban Period: Vodafone Idea
Results Today: UltraTech
Cement, Birlasoft, Can Fin Homes, Fedbank Financial Services, Indostar
Capital Finance, Jana Small Finance Bank, KFin Technologies, KPIT
Technologies, PNB Housing Finance, Poonawalla Fincorp, Shipping
Corporation of India Land and Assets, Shoppers Stop, Spandana Sphoorty
Financial, Tata Chemicals, Trent, and UCO Bank
FII-DII: FIIs were net sellers of Rs.3408.88 crores whereas DIIs were net buyers of Rs.4356.83 crores in cash market for last trading session.
NIFTY (22420) The support for the Nifty is: 22386-22330-22240 and the Resistance to the up move is at: 22441-22620-22710 levels.
BANKNIFTY (48201): The support for BankNifty is: 48097-47957-47730 and the resistance to the up move is at 48255-48670-48920 levels
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