{"id":38378,"date":"2024-04-26T09:14:26","date_gmt":"2024-04-26T03:44:26","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=38378"},"modified":"2024-04-26T09:18:12","modified_gmt":"2024-04-26T03:48:12","slug":"gift-nifty-indicates-a-positive-start-for-the-indian-stock-indices-the-us-markets-ended-lower-the-asian-markets-traded-mixed-following-the-wall-street","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/gift-nifty-indicates-a-positive-start-for-the-indian-stock-indices-the-us-markets-ended-lower-the-asian-markets-traded-mixed-following-the-wall-street\/","title":{"rendered":"Gift Nifty indicates a positive start for the Indian stock indices; The US markets ended lower; The Asian markets traded mixed following the Wall Street"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"38378\" class=\"elementor elementor-38378\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-46db3130 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"46db3130\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-57745a05\" data-id=\"57745a05\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-438c00e elementor-widget elementor-widget-text-editor\" data-id=\"438c00e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>PRE-MARKET REPORT<\/strong><\/span><\/p><p><span style=\"color: #000000;\">The domestic equity market indices, Sensex and Nifty 50, are expected to have a positive start on Friday.<\/span><\/p><p><span style=\"color: #000000;\">Gift Nifty was trading around 22,670.00 level, a premium of nearly 24.65 points from the Nifty futures\u2019 previous close, indicating a positive start for the Indian stock market indices.<\/span><\/p><p><span style=\"color: #000000;\">US equities ended a three-day winning run on Thursday, according to Reuters, as the tech industry was battered by disappointing projections from Meta, the owner of Facebook and Instagram. Equities were impacted by tepid US GDP data and Meta&#8217;s decline.<\/span><\/p><p><span style=\"color: #000000;\">The S&amp;P 500 dropped 23.21 points, or 0.46%, to 5,048.42, the Nasdaq Composite lost 100.99 points, or 0.64%, to 15,611.76, and the Dow Jones Industrial Average slid 375.12 points, or 0.98%, to 38,085.80.<\/span><\/p><p><span style=\"color: #000000;\">Shares in Asia opened mixed following a decline on Wall Street on Thursday. The Hang Seng Index increased by 51.66 points, or 0.30%, to 17,336.20. While the Shenzhen Composite Index on China&#8217;s second exchange decreased by 0.13%, or 2.24 points, to 1,696.09, the Shanghai Composite Index increased by 0.07%, or 2.08 points, to 3,054.98.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b8be7fc elementor-widget elementor-widget-text-editor\" data-id=\"6b8be7fc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>STOCKS TODAY<\/strong><\/span><\/p><p><span style=\"color: #000000;\"><strong>Tech Mahindra:<\/strong> The global IT services company recorded a consolidated net profit of Rs 661 crore for the quarter ended March FY24, rising sharply by 29.5 percent over the previous quarter despite a weak topline, boosted partly by other income. Revenue from operations fell by 1.8 percent sequentially to Rs 12,871.3 crore for the quarter, with dollar revenue increasing 1.6 percent and constant currency revenue reducing 0.8 percent on a sequential basis. The board has recommended a final dividend of Rs 28 per equity share for FY24.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Tata Steel:<\/strong> After seven months of formal and informal national-level discussions with the UK trade unions, Tata Steel has decided that it will proceed with its 1.25-billion-pound investment to build an electric arc furnace in Port Talbot, in South Wales. It would also commence the closure of the existing heavy-end assets in the following months. The company informed the trade unions that Port Talbot\u2019s two blast furnaces, No 5 and No 4, will close by the end of June and by the end of September. A voluntary redundancy aspiration process will be launched across Tata Steel UK on May 15, 2024.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Bajaj Finance:<\/strong> The leading non-banking finance company has reported a net profit of Rs 3,825 crore for the March FY24 quarter, growing 21 percent over the corresponding period of the last fiscal. Net interest income grew by 28 percent year-on-year to Rs 8,013 crore for the quarter, with the number of new loans booked rising 4 percent to 7.87 million and customer franchises increasing 21 percent to 83.64 million during the same period. Assets under management jumped 34 percent YoY to Rs 3,30,615 crore for the quarter. The board has recommended a dividend of Rs 36 per share for FY24.<\/span><\/p><p><span style=\"color: #000000;\"><strong>IndusInd Bank:<\/strong> The private sector lender has registered a 15 percent on-year growth in standalone net profit at Rs 2,347 crore for the quarter ended March FY24, driven by lower provisions for bad loans and higher pre-provision operating profit. Net interest income increased by 15.1 percent year-on-year to Rs 5,376.44 crore for the quarter. Asset quality remained steady as the gross NPA and net NPA were unchanged at 1.92 percent and 0.57 percent for the quarter compared to the previous quarter.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Cyient:<\/strong> The engineering and technology solutions company has reported a consolidated net profit of Rs 196.9 crore for the quarter ended March FY24, growing 28.5 percent over the previous quarter due to a low base. The profit in Q3 FY24 was impacted by an exceptional loss of Rs 50.3 crore. Revenue from operations grew by 2.2 percent QoQ to Rs 1,860.8 crore for the quarter.<\/span><\/p><p><span style=\"color: #000000;\"><strong>InterGlobe Aviation:<\/strong> IndiGo has placed an order for 30 firm Airbus A350-900 aircraft for further expansion of its network. The aircraft will be powered by Rolls-Royce\u2019s Trent XWB engine. Currently, IndiGo operates over 350 aircraft. In addition to the 30 Firm A350-900 order, it has purchase rights for an additional 70 Airbus A350 Family aircraft.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Schaeffler India:<\/strong> The motion technology company has registered consolidated net profit at Rs 219.7 crore for the January\u2013March 2024 quarter, rising 0.16 percent over a year-ago period, impacted by a weak operating margin. Revenue from operations grew by 10.6 percent year-on-year to Rs 1,873.1 crore for the quarter.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dac35db elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dac35db\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b06e1f7\" data-id=\"b06e1f7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e88271b elementor-align-center elementor-widget elementor-widget-button\" data-id=\"e88271b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/flattrade.in\/open-trading-account-new?utm_source=Google&#038;utm_medium=cpc&#038;utm_campaign=Demat+Account&#038;utm_content=Sitelink&#038;gad_source=1&#038;gclid=CjwKCAiAibeuBhAAEiwAiXBoJOxqC930iY7l3H-v8_T8NDThnAYrAbLjBuxNLqjT1dLHLoWoH_LtLxoCH_0QAvD_BwE\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Open Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"PRE-MARKET REPORT The domestic equity market indices, Sensex and Nifty 50, are expected to have a positive start&hellip;","protected":false},"author":5,"featured_media":37296,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[42],"tags":[46,48,692,693,47],"class_list":{"0":"post-38378","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-morninger","8":"tag-market-news","9":"tag-nifty-today","10":"tag-opening-bell","11":"tag-pre-market","12":"tag-sensex-today","13":"cs-entry","14":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gift Nifty indicates a positive start for the Indian stock indices; 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