Welcome to the weekly trading diary, a thread for discussing your trades, strategies, ideas, news, stories, etc.
Nifty and Sensex reached fresh highs, up roughly 0.7%, owing to gains in the IT, auto, energy, and metal sectors. US futures point to a muted start.
Brent Crude: 90.34 -0.92%
USD INR Spot: 83.22 0.03%.
India 10Y Bond yield: 7.154 0.52%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
Exide Industries was the top gainer.
Bandhan Bank was the top loser.
News
REC achieved a record in loan sanctions of Rs 3.59 lakh crore in 2023-24, marking a 33.66% increase from the previous fiscal year’s Rs 2.68 lakh crore, as stated in a company exchange filing.
NTPC Ltd targets a 17% increase in coal production to 40 million tonnes for FY25, aiming to fulfill over 15% of its fuel requirement, after achieving 34.38 million tonnes last year through enhanced planning and technology.
L&T Defence has been rebranded to L&T Precision Engineering and Systems as of April 1, signaling a shift to diversify into non-military equipment and infrastructure for improved asset use while awaiting larger defense contracts.
Cochin Shipyard Limited disclosed on April 6 that it signed the Master Shipyard Repair Agreement (MSRA) with the United States Navy, following a detailed evaluation and capability assessment by the US Navy – Military Sealift Command, as per a regulatory filing.
Nestle India’s board has approved a staggered royalty increase to its Swiss parent, Société des Produits Nestlé S.A., raising the payout from 4.5% to 5.25% of net sales over five years, effective from July 1, according to a regulatory filing.
The Apple ecosystem plans to build over 78,000 residential units for factory employees under a public-private partnership, with Tamil Nadu receiving 58,000 of these, following the creation of 150,000 jobs.
