The ongoing Q4 earnings season is the focus area of the market. The global market has been unsupportive due to the expectation of another rate hike and mixed earnings released in the US so far
The dark clouds of weak Q4 numbers are haunting the domestic market. Tepid cues from global peers are also creating havoc. Reliance Industries, HCL Technologies, Hindustan Zinc, Fortis Healthcare are among key stocks to watch on Friday
Mukesh Ambani-led Reliance Industries is scheduled to report its Q4 and FY23 results today, April 21. Analysts expect RIL to report a muted set of quarterly results. They largely remained positive on the stock's prospects
Fortis Healthcare announced that they have teamed up with the VPS Group to acquire Manesar-based Medeor Hospital. It has signed definitive agreements to acquire Medeor Hospital for an overall purchase consideration of Rs 225 crore
Zee Entertainment Enterprises Ltd. has reportedly started settlement talks with its creditors to repay debts and remove the last hurdle in completing a merger with the Sony Group that would create a $10-billion media giant
HCL Technologies on Thursday reported a 10.80% YoY rise in net profit at Rs 3,983 crore for the March quarter. The company clocked 17.7% YoY rise in net sales at Rs 26,060 crore
Hindustan Zinc is likely to report up to 20% YoY drop in net profit for the March quarter on flattish sales, thanks to lower commodity prices, brokerages said ahead of its quarterly results on Friday
“Nifty has been witnessing time correction rather than price correction. On the lower end, 17,580 is placed as a crucial support; any decisive fall below 17,580 may take the index towards 17,400. On the higher end, 17,700 continues to remain a strong resistance,” said Rupak De, Senior Technical Analyst at LKP Securities
“The broad range of 42,000-42,500 still remains intact. A break on either side will decide the clear momentum for the index. The undertone within the range remains bullish as long as it holds the level of 42000 on the downside,” said Kunal Shah, Senior Technical & Derivatives Analyst at LKP Securities
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