Market Recap:

• Nifty 50 closed at 23,352.30
• Sensex ended at 76,734.89
• Nifty 50 is still 2,925 points below its all-time high of 26,277.35

Global Cues:

• Wall Street closed in the red overnight
• Asian markets also slipped in early trade today

Inflation Update:

• India’s CPI inflation cooled to 3.34% in March (vs 3.51% in Feb)
• Drop driven by easing food prices
• Lower than market expectation of 3.59%

Earnings Watch:

• Wipro & Angel One to report Q4 results today
• Market reacting to results from:
  • IREDA
  • ICICI Lombard
  • ICICI Prudential Life

Stocks in Focus Today:

• IndusInd Bank
• Gensol Engineering
• PB Fintech
• Vedanta
• MGL
• TCS