Markets started the month on a positive note, gaining nearly half a percent amid mixed cues. Technically, analysts continue to maintain consolidation view on the Nifty until it registers a decisive breakout from the 23,800–24,200 range. They recommend maintaining a stock-specific approach, focusing on relative outperformers across sectors.
In today's trade, shares of Hero MotoCorp, Canara Bank, Bharti Airtel, Indian Hotels, SBI among others will be in focus due to various news developments.
Demand for commuter motorcycles, which was hit hard during the pandemic, has come back signalling a revival in consumption among entry-level customers, Hero MotoCorp chairman Pawan Munjal said. The company, the country’s largest two-wheeler maker, is scaling up investments to expand production capacity as it expects the growth momentum in the local market to remain “healthy” despite global uncertainties.
Quarterly business numbers of large government lenders like Canara Bank and Indian Bank showed that their credit growth outpaced deposits growth in the first quarter, in a continuation of the trend seen over the past few years.
Airtel Money, the NBFC arm of Bharti Airtel, has commenced commercial operations following the grant of a licence from the Reserve Bank of India. Airtel Money has commenced its commercial operations as a Type II Non-Deposit accepting Non-Banking Financial Company pursuant to its Certificate of Registration, issued by the RBI.
Indian Hotels Company Ltd (IHCL) plans to invest Rs 6,000 crore to Rs 7,500 crore in capital expenditure over the next five years, Tata Group Chairman and Non-Executive Director N Chandrasekaran said.
SBI
SBI unveiled a suite of AI-powered digital innovations to strengthen retail and business banking to mark its 71st foundation day, reaffirming its commitment to delivering intelligent and future-ready banking experiences for over 53 crore customers.
BPCL
State-owned Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it has signed definitive agreements to acquire the entire stake held by Videocon Energy Brazil Ltd (VEBL) in IBV Brazil Petroleo Limitada.
Lupin (Lupin) today announced that it has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (USFDA) for its manufacturing facility in Somerset, New Jersey, with a satisfactory Voluntary Action Indicated (VAI) classification. The inspection was conducted from April 13, 2026, to April 17.
