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Stock Market Today: All You Need To Know Going Into Trade On April 11

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

<div class="paragraphs"><p>An employee makes latte art while preparing a cup of coffee inside the Starbucks Corp. [Photographer: Putu Sayoga/Bloomberg]</p></div>
An employee makes latte art while preparing a cup of coffee inside the Starbucks Corp. [Photographer: Putu Sayoga/Bloomberg]

Stocks wavered amid worries about inflation and monetary tightening on Monday.

Equities fell in Japan and fluctuated in South Korea and Australia. U.S. futures declined as pressure continues after the Federal Reserve signaled sharp interest-rate hikes and balance-sheet reduction to tackle price pressures. The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, fell 0.32% to 17,837 points as of 7:20 a.m.

Emmanuel Macron’s lead in the first round of the French presidential vote aided the euro. Crude oil retreated while Bitcoin fell to about $42,100.

Stock Market Today: All You Need To Know Going Into Trade On April 11

Stocks To Watch

  • Wipro: The company appointed Anis Chenchah as CEO, Asia Pacific, India, Middle East and Africa region after N S Bala decided to move back to the US for personal reasons.

  • Tata Motors: Jaguar Land Rover’s retail sales in Q4 continue to be hit by the global semiconductor shortage, but the company saw a gradual improvement in chip supply.

  • IDBI Bank: RBI imposes monetary penalty of Rs 90 lakh for non-compliance with guidelines on fraud classification and reporting, strengthening the controls of payment ecosystem and cyber security framework.

  • Axis Bank: RBI imposes penalty of Rs 93 lakh for non-compliance with RBI guidelines on loans and advances, know your customer and levy of penal charges on non-maintenance of minimum balance in savings accounts..

  • Bandhan Bank: Housing Development Finance Corp. sold 49.63 million shares of Bandhan, Society General bought 19.08 million shares: BSE

  • RITES: In pact with IIT-Delhi for Road Design, Safety Project

Earnings today: TCS, Delta Corp, Kesoram Industries

Listings today: Veranda Learning Solutions

Opinion
Equity Mutual Fund Inflows Jump 44% In March: AMFI Data

Pledged Shares Details

  • Mangalore Chemicals & Fertilisers: Promoter Zuari Agro Chemicals revoked a pledge of 25 lakh shares on April 7.

Insider Trades

  • Best Agrolife: Promoter Geeta Garg sold 2,500 shares on April 5.

  • KCP: Promoter Group S Nalini sold 276 shares between March 17 and March 21 and bought 2,820 shares between March 22 and April 5.

Opinion
Tax Revenue For FY22 Surpasses Targets

Bulk Deals

  • Bandhan Bank: Housing Development Finance Corp. sold 4.96 crore (3.08%) shares at Rs 306.61 apiece. Societe Generale bought 1.90 crore (1.18%) shares at Rs 306.55 apiece.

  • Care Ratings: Phaeacian Accent International Value Fund sold 3.73 lakh (1.26%) shares at Rs 540.21 apiece. Multi Fund 10 Umbrella Icav - Kinsale Navigator Fund sold 2.99 lakh (1.01%) shares at Rs 540.21 apiece.

Trading Tweaks

  • Price Band Revised From 20% To 10%: IOL Chemicals and Pharmaceuticals, Ashapura Minechem

  • Record Date Interim Dividend: Angel One

  • Ex-Date Face Value Split: PBCL

  • Move Into Short-Term ASM Framework: Neuland Laboratories, Suryoday Small Finance Bank, Shree Renuka Sugars, DCB Bank, GMR Power and Urban Infra, Yes Bank, Marksans Pharma, Ramco Systems, IOL Chemicals and Pharmaceuticals, Morepen Laboratories, Suzlon Energy, BLS International Services

  • Move Out Of Short-Term ASM Framework: Avadh Sugar & Energy

Opinion
Capacity Utilisation Inches Back To Pre-Pandemic Levels In Q3

Money Market Update

The rupee ended Rs 75.90 at against the U.S. Dollar on Thursday as compared to Wednesday's closing of 75.96.

Opinion
Gold Heads for Second Weekly Loss as Traders Assess Dollar, Fed

F&O Cues

  • Nifty April futures ended at 17,895.95, a premium of 110.6 points.

  • Nifty April futures shed 0.95% and 1,864 shares in Open Interest.

  • Nifty Bank April futures ended at 38,042, a premium of 289.95 points.

  • Nifty Bank April futures added 4.63% and 3,674 shares in Open Interest.

  • Securities added to the ban list: RBL Bank

Stock Market Today: All You Need To Know Going Into Trade On April 11