Market Morning Notes For 4th April 2024
2 min read
Current market action stay lackluster for the 3rd consecutive buying and selling session to eventually conclusion with marginal losses in Nifty 50 index whilst broader markets remained business. We anticipate the existing consolidation to be adopted with momentum up go in the coming days with big breakout expected previously mentioned 22,550 with a possible target of 23,500.
Nifty Futures Chart
Stocks to view
Favourable Examine by
Vedanta – Expands alumina refining capacity to 3.5 MTPA, commissions 1.5 MTPA capacity.
L&T Fin – Q4 retail disbursements up by 33.2 pct, AUM rose by 31 pct YoY.
RBL Lender – Maximum deposits advancement in 12 quarters, up by 21.9 pct, developments rose 19.2 pct YoY.
Poonawalla Fin – Q4 disbursements elevated by 51.94 pct, AUM rose 53.6 pct YoY.
Brigade Ent – JDA for office environment room in Bengaluru with advancement worth of Rs. 3.40 bn.
Voda Plan – To consider fund elevate of up to Rs. 20.75 bn from promoter entities on April 6.
Suryoday SFB – Q4 deposits surged by 50.5 pct, AUM rose 41.5 pct YoY.
GE Electrical power – Bag 2 contracts value Rs. 7.75 bn from Jaiprakash Power Ventures.
Avenue Supermarts – Standalone Q4 profits up by 20 pct YoY at Rs. 123.93 bn.
Male Ind – Obtained CE certification for cold shaped welded structural hollow sections of non-alloy & fine grain steels.
Brigade Ent – Symptoms a joint advancement arrangement for an office environment area in Whitefield, Bengaluru.
Gufic Biosciences – Incorporates a wholly-owned subsidiary ‘Veira Daily life FZE’ in Dubai, UAE.
Som Distilleries – Board approves inventory split in the ratio of 5:2.
Schneider Elec – Undertake capex of Rs 35 bn to extend ability in India.
Detrimental Read through by way of
ONGC, Oil – Windfall tax on crude hiked to Rs. 6800/t.
KEC – Falls short of Rs. 200 bn FY24 order inflow steerage, complete FY24 orders at Rs. 181.02 bn.
Angel One particular – Gross customer acquisition sluggish down for 3rd thirty day period, down 16.8 pct Mother.
Web page Ind – Received Rs. 862 mn need get from the Commissioner of Customs, Bangalore.
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