Market Bizzz

SBI Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 163552.49 Crore) operating in Financial Services sector.

Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 483870.92 Crore) operating in Construction sector.

24,000 Put has the highest OI, whereas there are some consistent call OI additions from 24,400 levels to 25,000 levels. The range is wider, however, 24,500/24,600 levels can act as a crucial resistance and the 24,000 level may act as a crucial support.

Dinesh Kumar Khara emphasized the Budget’s focus on employment, skilling, MSMEs, and youth, essential for inclusive growth. Initiatives include agriculture productivity, PMAY in urban development, nuclear plants for green energy, KCCs for rural credit, improved road infrastructure, and lower fiscal deficit. Private sector capex, green energy, and tax tweaks on market instruments are also highlighted.

​If you add 15,000 crores that has been given to Andhra plus another 26,000 crores that has been allocated to Bihar, which are also in turn for infrastructure projects. There is ultra mega power plant in AP. There are irrigation facilities to be set up in AP and there is allocation for roads for Bihar and therefore in many senses while it may seem that, oh, this is for two states, but if you add 15 and 26 that is another capex allocation that has happened.

ITC leads Sensex stocks on Budget days with nine positive returns (avg. 1.47%). IndusInd Bank follows at 80%. Worst ITC day was in 2020 due to excise duty hike. Analysts foresee no further hikes; Prabhudas Lilladher raised ITC weight citing stable taxes and business growth. Motilal Oswal projects cigarette volume and EBIT growth.

HUL, Bajaj Finance, ICICI Sec, and ICICI Pru Life will release Q1 results. HUL’s profit is estimated at Rs 2,479-2,562 crore, revenue Rs 14,925-15,451 crore. Bajaj Finance expects 26% net interest growth, 30% AUM rise. EBITDA to grow 0.4% YoY. Parag Milk Foods, Gard Furnace, Thyrocare Technologies to report, Bajaj Finance’s March profit was Rs 3,824 crore.

​I think that what is happening at this moment is while retail and SME are holding the ball as also to some extent rural, private corporate credit, that has really not picked up so far that is still sub-10%.

IDBI Bank and Suzlon Energy are among 44 companies announcing first quarter results. IDBI Bank shows growth in deposits and advances, while Suzlon Energy reports a decline in profit. Stay informed about these companies’ financial performance.