Stock Market Today: All You Need To Know Going Into Trade On April 12

Most share indices in Asia-Pacific region were trading lower as back-to-back strong economic data from the US compelled market participants to pull back their bets on rate cuts by the Federal Reserve.

The Nikkei 225 was trading 191.50 points or 0.49% higher at 39,634.13, and the S&P ASX 200 was 28.80 points or 0.37% lower at 7,784.80 as of 06:37 a.m. The KOSPI index was trading 11.30 points or 0.42% down at 2,695.66 as of 06:37 a.m.

Benchmark indices on Wall Street rebounded on the back of technology stocks rallying. The Nasdaq 100 index ended 1.65% higher as of Thursday. The S&P 500 rose 0.74% higher, and the Dow Jones Industrial Average settled flat.

Brent crude was trading 0.40% higher at $90.14 a barrel. Gold was higher by 0.55% at $2,385.46 an ounce.

The GIFT Nifty was 34.5 points or 0.15% lower at 22,680.50 as of 6:42 a.m.

India's benchmark equity indices ended at an all-time closing high on Wednesday, after extending gains in the last hour of trade. The NSE Nifty 50 also hit an intraday high of 22,775.70 points and the S&P BSE Sensex crossed the psychologically crucial mark of 75,000.

The Nifty closed 111.05 points, or 0.49%, higher at 22,753.80 and the Sensex ended 354.45 points, or 0.47%, up at 75,038.15.

Overseas investors turned net buyers of Indian equities on Wednesday. Foreign portfolio investors mopped up stocks worth Rs 2,778.2 crore and domestic institutional investors remained net buyers and mopped up equities worth Rs 163.4 crore, the NSE data showed.

The Indian rupee strengthened by 13 paise to close at Rs 83.19 against the US dollar.

Tata Consultancy Services and Anand Rathi Wealth.

• Dr. Reddy's Laboratories: The company launched drug-free migraine management device Nerivio in Germany through its step-down subsidiary Betapharm.

• The Phoenix Mills: The company reported a total consumption jump of 27% year-on-year at Rs 2,818 crore in the fourth quarter, gross retail collections went up 37% at Rs 791 crore while total consumption was up 22% YoY at Rs 11,327 crore for the end of the financial year 2024, gross retail collections up 27% at Rs 2,743 crore.

• Metropolis Healthcare: The company's core business revenue grew by 15% year-on-year for the end of the fourth quarter. The company’s B2C revenues grew by 18%. The company repaid debt, resulting in a debt-free status as of March 31.

• Trident: The company commissioned a capacity of 1.1 MWp solar power project in Madhya Pradesh. The total installed capacity of the Madhya Pradesh plant is now at 29.5 MWp.

• Computer Age Management Services: The Reserve Bank of India has granted authorisation to the company to operate as an online payment aggregator. CAMSPAY, the payment business unit of the company achieved a record-setting registration of more than 1.2 million mandates for UPI Autopay in the month of March.

• UNO Minda: The company secured a land parcel in IMT Kharkhoda and initiated a ceremony for a greenfield alloy wheel plant.

• Varun Beverages: The company approved the investment In two special-purpose vehicles, Huoban Energy 11 and Aspirative Creative Ventures.

• Wipro: The company appointed Malay Joshi as CEO for Americas 1 Strategic Market Unit.

• DCX Systems: The company appointed Diwakaraiah N J as CFO effective April 11.

• PVR Inox: The company opened a 9-screen multiplex in Kochi, Kerala.

• Cupid: The company secured a commercial deal to provide 5.9 million female condoms in Brazil, valued at Rs 23.07 crore.

• CESC: The company’s subsidiary Purvah Green Power acquired 100% shareholding of Bhadla Three SKP Green Ventures for 3.83 crore.

• Bharti Hexacom: The company's shares will debut on the stock exchanges on Friday at an issue price of Rs ­­570 apiece. The Rs 4,275-crore IPO was subscribed 29.88 times on its third and final day.

• Protean eGov Technologies: 360 ONE SPECIAL OPPORTUNITIES FUND - SERIES 4 sold 12.35 lakh shares (3.05%) at Rs 1,117 apiece, 360 ONE SPECIAL OPPORTUNITIES FUND - SERIES 5 sold 3.76 lakh shares (0.93%) at Rs 1,115 apiece, IIFL Special Opportunities Fund Series 5 sold 5.37 lakh shares (1.3%) at Rs 1,130 apiece, while Massachusetts Institute of Technology Basic Retirement Plan bought 5 lakh shares at Rs 1,145 apiece.

• Atul: To meet analysts and investors on May 2.

• Asian Granito India: To meet analysts and investors on April 15.

• Price Band changes from 10% to 5%: Kaushalya Infrastructure Development Corporation.

• Price Band changes from 20% to 10%: Puravankara.

• Moved into short-term ASM framework: IIFL Finance, Kaushalya Infrastructure Development Corporation.

• Ex/record dividend: Mold-Tek Packaging, S H Kelkar and Company, Goodluck India, Mold-Tek Technologies.

• Moved out short-term ASM framework: Rico Auto Industries.

• Nifty April futures up by 0.3% to 22,812.4 at a premium of 58.6 points.

• Nifty April futures open interest up by 0.12%.

• Nifty Bank April futures up by 0.36% to 49,019.05 at a premium of 32.45 points.

• Nifty Bank April futures open interest up by 9.6%.

• Nifty Options April 18 Expiry: Maximum Call open interest at 23,200 and Maximum Put open interest at 21,800.

• Bank Nifty Options April 16 Expiry: Maximum Call Open Interest at 49,000 and Maximum Put open interest at 49,000.

• Securities in ban period: Balrampur Chini Mills, Exide Industries, Hindustan Copper, IDEA, India Cements, National Aluminium, Sail, Zee Entertainment Enterprise.

The Indian rupee strengthened by 13 paise to close at 83.19 against the U.S dollar.

• IT, Telecom Q4 Result Preview - Uncertainty Still Persists, Recovery Expected: Axis Securities

• Kolte-Patil - Unlocking The Growth Potential: Motilal Oswal Initiates Coverage With A Buy

• Thomas Cook India - Strong Growth, Margin Outlook Across All Segments: Systematix

• Aditya Birla Fashion - Step In The Right Direction; Upgrading To A Buy: Anand Rathi

• MCX - New Products To Be The Key Growth Drivers: Motilal Oswal

• BFSI Q4 Results Preview - Muted Operating Metrics; Robust Growth, Asset Quality Trend: Dolat Capital

• Life Insurance Q4 Results Preview - Expect To See A Mixed Trend; Margins To Remain Tepid: Nirmal Bang

• Automobiles Q4 Results Preview - Two-Wheelers, Passenger Vehicles Segment To Outperform: Prabhudas Lilladher

• FMCG Q4 Results Preview - Volumes, Sales Growth Under Pressure, Recovery To Take Time: Nirmal Bang

• Oil, Gas Q4 Results Preview - Operationally Better: Prabhudas Lilladher

• BFSI Q4 Results Preview - Deja Vu Of 9M FY24 Performance: Axis Securities

• Building Material Q4 Preview - Pipe Segment Doing Well; Tiles, Plywood To Remain Subdued: ICICI Securities

• Cement Q4 Results Preview - Weak Pricing To Impact Profitability: Prabhudas Lilladher

• Automobiles Q4 Results Preview - OEMS Continue To Deliver Robust Growth Performance: Axis Securities