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IT stocks lead the pack, top gainers on Nifty

Renewable energy companies in focus, CERC tightens band & increased penalties for RE generators for deviation from April 1

The markets, after a brief period of gains, are back in the red with marginal losses.

These are the biggest volumes buzzers among the Nifty 500 stocks.

The shares of Alembic Pharma rose by 3% as markets recovered.

Insurers are likely to recommend a reduction in commissions on Bima Sugam by 90% to IRDAI. 90% drop in commissions could lead to 25-30% fall in Term Life premium on Bima Sugam

Sharp recovery in the market: at day’s high, Nifty back above 23,000

Mayuresh Joshi, Director Research, Marketsmith India

On banking space

Mayuresh Joshi, Director Research, Marketsmith India

On banking space

Two weeks ago, L&T reported that 95% of its 100 locations in the Gulf region across all sectors were running normally, while 5% of its sites in West Asia were suspended or experiencing disruptions.

Insurance companies that sell their goods online have been instructed by the Insurance Regulatory and Development Authority of India (IRDAI) to examine their systems and make sure that they adhere to rules designed to reduce “dark patterns” in user interfaces.

A portion of borrowers now get marginal respite thanks to HDFC Bank‘s reduction of its Marginal Cost of Funds-based Lending Rates (MCLR) by up to 5 basis points (bps) on specific short-term tenures. According to material posted on the bank’s website, the updated rates take effect on April 7.

Nearly 25% of the world’s oil shipments are at risk due to disruptions in the Strait of Hormuz, which is shaking supply chains and markets. These three possibilities could determine how the most important energy chokepoint in the world reopens.

With the announcement of the full close of its first special opportunities credit fund at its hard cap of ₹1,500 crore, InCred Alternative Investments now has over ₹4,000 crore in assets under management (AUM) in private credit strategies.

Groww Mutual Fund’s Head of Equity, Anupam Tiwari, anticipates a successful current quarter with no impact from oil shocks thus far, but he warns of concerns starting in the following quarter.

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Nifty

Today’s high:        22992

Yesterday’s high: 22998

Ahead of Expiry

22900 Call

22900 Put

Fresh Longs

Mphasis

Godrej Consumer

Fresh Shorts

Bk of India

Union Bank

Overall Monsoon Forecast estimated at 6% below Normal

Monsoon Forecast Probabilities

Monsoon Distribution Month-wise:

On Tuesday, April 7, Godrej Consumer Products Ltd.’s stock increased by over 4% following the company’s Q4 business report, which indicated consistent growth momentum across important markets.

As unseasonal rains in many regions of India threatened to disrupt a second consecutive summer—the busiest time of year for air conditioner manufacturers—Blue Star Limited’s shares fell to a 52-week low last week.

CNBCTV18 Access 

The government stated on Tuesday, April 8, that India’s Foreign Secretary Vikram Misri will travel to Washington, DC from April 8 to 10 to meet with senior US officials as the two nations look to expand economic, defence, and technological ties.

The Employees’ Provident Fund Organisation (EPFO) is testing an automated approach to move unclaimed sums straight into members’ Aadhaar-linked bank accounts, bringing the problem of dormant EPF accounts back into the spotlight.

IHH looks to increase its stake in Fortis Health to 50%

IHH says, shareholding in Fortis at about 31%, would like to grow it to 50%

The Nifty index has recovered over 250 points from its lows, momentarily turning green.

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