BoFA strategists said recession risks will "jump" in the coming months as a bull era of central bank excess, Wall Street inflation and globalization is ending, and a bear era of government intervention, social and political polarization, Main Street inflation & geopolitical isolationism is starting.

Foreign portfolio investors (FPIs) bought shares worth ₹1,909.8 crore while domestic institutional investors sold equities worth nearly ₹184 crore. Friday marked the third day of buying by overseas funds in contrast with recent outflows.

Western sanctions on Russia after their invasion of Ukraine are expected to see a loss of about 3 million barrels per day (bpd) of Russian oil in April, according to the IEA. Moscow calls its activity in Ukraine a "special operation" to disarm its western neighbour.

The industry credit ratio, a gauge for financial health measured as a proportion of upgrades vis-a-vis downgrades, surged 172 basis points year-on-year to 2.81, data from Prime Acuite Rating Database showed. Prime Acuite compiled data from seven local rating companies.

The company will be investing ₹180 crore in lights and fans seller White Teak for a 49% stake. The company will acquire the remaining 51% in the company over the coming four years in two tranches.

Crypto-exchange executives, lawyers and tax analysts warn that the TDS will suck liquidity out of the market by forcing high-frequency traders to dramatically curtail their trading. Combined with the government’s decision not to permit offsetting of trading losses in digital assets, it threatens to accelerate an exodus of crypto companies and workers from India, they say.

For the quarter, the S&P 500 fell 4.9%, the Dow lost 4.6% and the Nasdaq declined 9.1%, but for the month the S&P 500 rose 3.6%, the Dow gained 2.3% and the Nasdaq advanced 3.4%.

Last year, FRL had entered into a One Time Restructuring (OTR) scheme for COVID-hit companies with a consortium of banks and was under obligation to raise Rs 3,900 crore before March 31, 2022 by way of equity contribution.

As far as earnings are concerned, IT stocks seem to be on a strong footing. Numbers released by Accenture last month surpassed its expectations, which bodes well for the industry as a whole.

The Enforcement Directorate (ED) said the company is listed on the Bombay Stock Exchange (BSE) and has an authorised dealer category-II licence issued by the Reserve Bank of India (RBI).