Welcome to the weekly trading diary, a thread for discussing your trades, strategies, ideas, news, stories, etc.
Nifty and Sensex extended gains, up nearly 1% for the day, tracking positive global cues amid easing Middle East tensions. Dow and Nasdaq futures are trading higher.
Brent Crude: 86.8 0.56%
USD INR Spot: 83.364 -0.01%.
India 10Y Bond yield: 7.194 -0.43%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
Voltas was the top gainer.
Persistent Systems was the top loser.
Earnings Update:
KP Energy: Net Profit: Rs. 58.32 cr 
33% YoY; Revenue: Rs. 485.54 cr 9.8% YoY.
News
The Multi-Commodity Exchange of India now permits foreign portfolio investors, including individuals, family offices, and corporates, to access oil and natural gas derivatives, comprising 77% of its March turnover, as reported by the Mint.
Escorts Kubota plans to raise prices for its tractor range from May 1, 2024, with adjustments varying by model, variant, and region. However, the exact percentage of the price increase remains undisclosed.
JSW Energy’s subsidiary, JSW Neo Energy, secured a letter of award from NTPC to construct a 700 MW solar project. This win boosts JSW Energy’s locked-in generation capacity to 13.3 GW, including 3.1 GW of solar power.
Air conditioner sales are soaring in southern, eastern, and western India due to temperatures exceeding 40 degrees Celsius, with tripled sales reported from the previous year even in traditionally low-demand markets, as per The Economic Times.
Hero MotoCorp inaugurated an assembly facility in Nepal in collaboration with CG Motors, with a capacity of 75,000 units per year, expected to drive new investments and job creation.
