Stocks to watch on Thursday, April 4: At around 8 AM, GIFT Nifty futures—an early indicator of the Nifty 50 index—were up 55.9 points, or 0.25 per cent, at 22,598.5, indicating a positive start to trading on Thursday, April 4.

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Equity benchmark indices Sensex and Nifty settled lower for the second straight session on Wednesday due to profit-booking in select banking and auto stocks amid mixed trends from global markets and the outflow of foreign funds.

The 30-share BSE Sensex declined by 27.09 points, or 0.04 per cent, to settle at 73,876.82. The broader NSE Nifty index declined 18.65 points, or 0.08 per cent, to 22,434.65.

Here are some stocks that will be in focus on Thursday, April 4: 

HDFC Bank: Until March 31, deposits increased by 7.5 per cent QoQ to Rs 23.8 lakh crore. 

ONGC/RIL/Oil India/MRPL/Chennai Petro: The oil upstream companies will hog the limelight today as the government has increased the windfall tax on domestic crude oil. The windfall tax has been increased from Rs 4,900 per tonne to Rs 6,800 per tonne. 

Avenue Supermarts: In its Q4 business update, the standalone income increased 20 per cent to Rs 12,393.46 crore. As of March 31, the total number of stores stands at 365.

Vodafone Idea: The company will hold a board meeting on April 6 to discuss the issuance of equity on a preferential basis or convertible securities. The board will deliberate on the issuance of Rs 2,075 crore worth of preference shares to more than one promoter group. 

KEC International: The company has received an order worth Rs 816 crore. 

GE Power: The company has received two orders from Jaiprakash Power Ventures worth Rs 775 crore. 

RBL Bank: The bank's total deposits increased by 22 per cent to Rs 1.03 lakh crore. Gross advances rose 19 per cent to Rs 85,640 crore, and retail advances surged by 29 per cent. 

Federal Bank: The lender shared its Q4 update yesterday. Total deposits increased 18 per cent to Rs 2.53 lakh crore, while CASA declined from 30.63 per cent to 29.40 per cent (QoQ). 

L&T Finance Holdings: Its retail disbursement increased 33 per cent to Rs 15,030 crore during Q4 FY24, while during the full FY24, retail disbursement increased 29 per cent to Rs 54,253 crore. 

Suryoday Small Finance Bank also shared its Q4 update yesterday. The lender reported good growth, and CASA also saw an increase. Total deposits increased by 50.5 per cent to nearly Rs 7,775 crore.

Poonawalla Fincorp: In its Q4 FY24 update, the company reported record disbursements. Total disbursement increased 52 per cent YoY to Rs 9,680 crore (the highest ever). The AUM also increased 54 per cent YoY to Rs 24,800 crore. 

Axis Bank: The Competition Commission of India (CCI) approved the subscription of 14,25,79,161 equity shares of Max Life by Axis Bank.

(With inputs from agencies)

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