News Overview

On the nifty index, Divis Lab, Bajaj Auto, Tata Motors, TCS, and Nestle India were the top gainers on Friday.

The US Food and Drug Administration (USFDA) examined the company's Unit V plant in Visakhapatnam on April 8 and 12, and completed the audit with zero 483 observations.

With higher than expected inflation and ambiguous minutes, rate cuts may only happen by September 2024.

The big news for the week was the frenetic spike in the dollar index (DXY).

FPIs were net buyers of $1.64 Billion this week, despite it being a truncated trading week.

The Friday effect led the weekly gains being wiped out, leading to a flat closing for Nifty and Sensex.

Inflation for March 2024 was led lower by core and fuel inflation, even as food prices stayed elevated.

IIP growth in February 2024 saw a spike across mining, manufacturing, and electricity baskets.

For the entire fiscal year of FY24, revenue witnessed a 6.8% year-on-year increase to ₹240,893 Crore, with a net profit of ₹46,585 Crore. The operating margin for the year stood at 24.6%.

According to Godfrey Phillips' FY23 annual report, 24Seven's gross sales increased by 19% year over year to ₹482 crore in FY23.