News for ELANTAS Beck India Limited (ELANTAS.BO)

Equity indices flat amid geopolitical tensions, cautious investors; banking stocks down, realty up; Bajaj Finance tumbles post Q4 results.

Indian indices fell sharply on Thursday, dragged by Middle East tensions. Nifty closed at 25,250, down 2.12%. Analyst Rupak De sees a bearish trend reversal, with support at 25,070. Tejas Shah sees potential for a minor pullback rally, with support at 25,200-25,050 and resistance at 25,475-25,700.

D-Street settled at record closing high on Monday, led by financials, index heavyweight Reliance Industries and energy stocks. The volatility indicator ended 15% lower as exit polls predicted that PM Narendra Modi will retain power with a landslide victory. Momentum indicator Moving Average Convergence Divergence showed bullish trade on the counters of Amines & Plasticizers, Advait Infratech, and AMIC Forging, among others.

Q4 FY2024 Results: Around 42 companies, including Dr Reddy's Laboratories, Voltas, JSW Energy, Pidilite Industries, United Breweries, IDFC, Hindustan Media Ventures, and PB Fintech, are scheduled to post their earnings on May 7.

The quarterly earnings season commenced in the second week of April and remains ongoing, with more than 260 companies slated to announce their fourth-quarter earnings throughout this week.

SEBI asks fund houses to ignore the least 20% illiquid stocks while assessing liquidity. The idea is to let microcaps- the tiniest of the smallcaps- to grow unfettered as they could turn into tomorrow’s multibaggers. In the first such attmept, Moneycontrol identifies these 20% stocks.

A short build-up was seen in 61 stocks including Lupin, HDFC AMC, SBI Life Insurance Company, Bata India, and Kotak Mahindra Bank.

Akzo Nobel India shares would turn ex-dividend today. Akzo Nobel India had announced an interim dividend of Rs 25 per share. Today is also the record date for the same. The dividend will be paid on March 10.

Based on the open interest future percentage, a short build-up is seen in 84 stocks, including Nifty Financial, Crompton Greaves Consumer Electrical, Delta Corp, Alkem Laboratories, and Jubilant Foodworks

The Sensex and Nifty to open lower on Tuesday, mirroring weakness in global peers as the Russia-Ukraine crisis, higher inflation, and rate hikes hit equities.

Indian equity markets are likely to open lower on Tuesday amid weak global cues. SGX Nifty was in red and Nifty futures were trading 145 points, or 0.89% lower at 16,146.50 on the Singapore Exchange, signaling that Dalal Street was headed for a gap-down start.

BSE Sensex and Nifty 50 were looking to start trading in a negative zone on Tuesday, as suggested by trends on SGX Nifty in early trade

Trends on SGX Nifty indicate a negative opening for the broader index in India with a loss of 88 points.

Based on the open interest future percentage, a short build-up was seen in 90 stocks including Navin Fluorine International, SRF, Container Corporation of India, Motherson Sumi Systems, and L&T Infotech.

Nifty futures were trading 26.50 points or 0.17 per cent up at 15,848 on Singaporean Exchange, indicating a positive start for BSE Sensex and Nifty 50 on Tuesday

Trends on SGX Nifty indicate a positive opening for the index in India with a 45 points gain.

Stocks In the News: Check out the companies making the biggest headlines before the opening bell.