MARKET OVERVIEW :

Nifty remains nearly @ 24,200; top gainer Eternal gains nearly 3%.: Bank Nifty up – @ 55800 Rupee gains.Gold soars. Crude Oil @ $ 66.65  Unabated  Bull –run persists.

Indian benchmark indices Nifty 50 and Sensex ended the previous session in the green. Nifty 50 closed at 24,125.55, while Sensex ended at 79,408.50.

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Nifty 50 ended the previous session 2,151.8 points away from its record high of 26,277.35.Overnight, Wall Street indices ended lower. Asian stocks declined in early trade today.

HCLTech, M&M Financial Services, AU Small Finance Bank, Havells India, Tata Communications, Cyient DLM, Waaree Energies, are reporting their quarterly earnings today.

HUL, Brigade Enterprises, Tata Power, Tata Motors, Coal India, Tata Investment, Anant Raj, Gandhar Oil Refinery, HG Infra Engineering, are among the other stocks in focus today.

 RBL Bank Sees Clean Out Trade From British International Investment: Exclusive

Shares of RBL Bank Ltd., fell on Tuesday, April 22, after it saw a clean out trade from British International Investment, a key foreign investor, sources with knowledge of the matter told CNBC-TV18.

Metal Companies Gain

Metal stocks are in the green after the government imposed 12% safeguard duty on alloy, non-alloy steel imports

Senco, Kalyan In Focus As International Gold Price Hits $3,500/oz, Gold On MCX Near Rs 1 Lakh/10g

Large Trade In RBL Bank

As many as 2.3 crore shares or 3.9% equity changes hands at Rs 188 per share via block deals. Sources say British International Invst likely to have sold its entire 3.8% stake via block deals. Both FIIs and DIIs have participated in RBL Bank’s block deals

Rupee Opens At 85.14 Vs USD

Rupee closed at 85.13 Vs USD on Monday

HUL in focus today; here’s why

The company announced the completion of its acquisition of a 90.5% stake in Uprising Science Private Limited, marking a significant expansion of its presence in the science-led consumer products space. The acquisition was carried out through a combination of primary infusion and secondary purchase, with a total cash outlay of ₹2,706.45 crore.

Here’s why shares of Anant Raj are in focus today

Real estate and infra major reported a consolidated net profit (profit after tax) of ₹118.6 crore, recording a significant increase of 51.5% compared to ₹78.3 crore in the same period last year. Anant Raj’s revenue surged by 22.2%, reaching ₹540.7 crore in Q4 as opposed to ₹442.6 crore year-on-year (YoY). Earnings before interest, taxes, depreciation, and amortisation (EBITDA) also showed remarkable improvement, climbing by 36.5% to ₹142.4 crore from ₹104.3 crore YoY.

Coal India in focus today; find out why

The state-owned company said it has partnered with Damodar Valley Corporation (DVC) to develop a 1,600 MW (2×800 MW) ultra-supercritical thermal power plant in Jharkhand. The total investment would be to the tune of ₹16,500 crore. The brown field project will be an expansion of the existing Chandrapura Thermal Power Station (CTPS), which currently operates with a capacity of 2×250 MW.

Here’s why Brigade Ent is in focus today

Realty firm said it has entered into a Joint Development Agreement (JDA) for a plotted development project in Malur, East Bengaluru. The project will span approximately 20 acres and has a gross development value (GDV) of around 175 crore. The total development potential is pegged at 0.45 million square feet.

Editor’s Take | Prashant Nair Shares His Views On The Market

Trump / Powell tensions continue with Trump again calling for preemptive cuts
Market clearly uncomfortable with current dynamic between White House & Fed
Fed independence is in focus & markets don’t like it
All US assets sold off; equities, bonds, Dollar sharply lower
SPX -2.36%, Nasdaq -2.55%
UST 10y yield +9 bps to 4.41%
Dollar Index -0.48% to 98.35
CBOE VIX shot back up +14.06% to 33.82
Gold climbed another 3% to a new record
Brent Oil -1.9% to $66.65
USTR said that US & India are negotiating well; USDINR NDFs weren’t changed
Tariff/trade headlines could be market moving
Nifty > 24,200, Bank Nifty makes a new high
Nifty upside level is 24,546 (61.8% retracement of entire fall)
On the way down, 23,800-23,850 will be the support zone
Nifty 40-HEMA at 23,492 is also a support
Bank Nifty hit it’s first extension level at 55,474
Next upside level for Bank Nifty is 56,631
Support for Bank Nifty at 54,407-54,674
Bank Nifty 40-HEMA at 53,246 is also a support Above 23,600

Bharti Airtel, ICICI Bank, Grasim, Sun Pharma And Eternal (Zomato) are the top gainersSensex is up nearly 600 points

Nifty 50 Rises Above 23,500, ICICI Bank, Grasim Top Gainers

Nifty 50 is currently at 23,518.35. ICICI Bank, Grasim, Sun Pharma, Bharti Airtel and Eternal are the top gainers. A total of 36 out of the 50 stocks are trading with gains.

 

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