News Overview

Nifty and Sensex rallied after the VIX fell, but the real action was in the mid and small cap stocks

FPIs were net sellers of $126 Million this week, as FPI action remained mixed at higher levels.

In line with the indications of pressure on real GDP growth, the PCE inflation for March was up 20 bps

Following a March report indicating higher-than-expected consumer price inflation, expectations for Fed rate cuts have been tempered among traders.

No new positions are permitted in the F&O contracts of the banned stocks during the ban period.

Ahead of the Fed's meeting, the dollar stabilized around 105.73 against a basket of currencies after a slight decline in the previous session.

Anchor bidding for the IPO is scheduled to commence on May 3, with the subscription period closing on May 8.

In today's session, these are the stocks to watch: Rail Vikas Nigam, NMDC, Tata Chemicals, UCO Bank, RITES, etc.

Asian markets are expected to continue their upward trajectory on Tuesday, mirroring the movements witnessed on Wall Street, with investors eagerly anticipating the release of China's manufacturing Purchasing Managers’ Index (PMI) for April.

On the flipside were HCL Technologies, Apollo Hospital with a decline of about 5%. Bajaj Auto, HDFC Life, and Hero MotoCorp closed 3% lower.