News Overview

The new theatre will strengthen the company's presence in Karnataka with 219 screens in 37 theatres and Bengaluru with 172 screens in 26 theatres.

Trading occupancy for Indore mall was up marginally QoQ. The new Bangalore mall (Mall of Asia) has also witnessed a steady ramp up, albeit will be slower due to higher share of premium/luxury brands.

The NSE updates its list of banned securities in the F&O segment daily, with the ban enforced on stocks whose derivative contracts surpass 95% of MWPL.

The deal expires on April 22. The company stated in an exchange filing that the anchor bids will be accepted on April 16.

In stainless steel, longs capacity at Indore will expand to 220kt by FY26 while Sambalpur would see a new 500kt flats capacity (incl 200kt CR) by FY27.

Spot gold was up 0.6% at $2,386.38 an ounce. Earlier in the session, the price of gold reached a record high of 2,389.29.

U.S. West Texas Intermediate crude futures increased by 44 cents, or 0.51%, to $85.45, while Brent crude futures increased by 34 cents, or 0.38%, to $90.08 a barrel.

The U.S. Treasury rates, which the dollar/yen pair usually tracks closely, surged during the previous session.

Analysts of IIFL Capital Services recommend to stay selective with firms providing better visibility (INFO/PSYS), while avoiding turnaround trades (TECHM/WPRO).

March 2024 saw a shift back to passive funds, but their returns have been quite phenomenal.