Asian share markets are trading higher today as trading resumed in most of the region's markets following a holiday on Monday.

Investors are weighing JPMorgan Chase & Co.'s purchase of First Republic Bank along with expectations the Federal Reserve will hike interest rates once again this week.

The Nikkei and Hang Seng index are trading marginally higher. The Shanghai Composite is trading higher by 1.1%.

Wall Street stocks ended lower on Monday as markets digested the takeover of the embattled First Republic Bank while awaiting a key Federal Reserve policy decision this week.

US financial authorities announced the seizure of First Republic on Monday and that it had been sold to JPMorgan Chase, making it the second biggest bank by assets to collapse in US history.

The Dow Jones Industrial Average and the tech-heavy Nasdaq Composite ended 0.1% lower.

Here's a table showing how US stocks performed on Monday:

Source: Equitymaster

Back home, Indian share markets are trading on a positive note following the trend on SGX Nifty.

At present, the BSE Sensex is trading higher by 304 points. Meanwhile, the NSE Nifty is trading up by 97 points.

Benchmark indices opened in the green today. As the session progressed gains were erased.

L&T and Tech Mahindra are among the top gainers today.

Tata Motors and Kotak Mahindra Bank on the other hand are among the top losers today.

Broader markets are trading on a positive note. Both the BSE Mid Cap index and the BSE Small Cap index are trading higher by 0.8%.

Sectoral indices are trading on a positive note with the exception of the auto sector. Stocks in the power sector, oil and gas sector, and energy sector are witnessing buying.

Shares of Nestle and Dr Reddy's Labs hit their 52-week high today.

The rupee is trading at Rs 81.76 against the US dollar.

In commodity markets, gold prices are trading lower by Rs 27 at Rs 59,737 per 10 grams.

Meanwhile, silver prices are trading lower by 0.2% Rs 74,084 per 1 kg.

Now track the biggest movers of the stock market using the stocks to watch today section. This should help you keep updated with the latest developments...

Speaking of stock markets, Research Analyst, Tanushree Banerjee, in her latest video talks about how boring steel stocks can outshine lithium.

Both India and Turkey are set to change the global supply chain. In 2021, Turkey's crude steel production exceeded 40 million (m) tonnes. Of this, more than 22 m was exported, making it an important player in the world steel trade.

After the earthquake not only will the nation be unable to meet its own demand. But Turkey may also seek to import. This will stoke both volumes and prices for the largest steel producers globally.

So, understandably, the undercurrent for demand for steel is much stronger than the fancier metals needed for smartphones.

The visibility is much higher. And Indian steel companies are much better placed to cater to the demand, both domestically and for exports.
 

Earning consistent returns in a volatile market

2022 was a wild, turbulent, and volatile year for the stock market. During these tough times, a smart man is one who manages to earn consistent returns and not just some windfall gains.

Unless a brutal bear market scares you out of your systematic monthly investments, they are one of the most effective ways to benefit from the long-term stock market growth story.

Let us consider a systematic investment plan of Rs 1,000 every month into the Sensex between 2011 and March 2020 i.e. you start on 31 December 2010 and end on 31 March 2020.

December 2010 was a bull market top as the Sensex never closed the year higher than two years prior to it and till three years later.

Likewise, March 2020 can be considered a bear market bottom because that was the time the market crashed on account of the pandemic.

Thus, when it comes to timing, you were investing at a bull market top and exiting at a bear market bottom, the worst-case scenario possible.

So, what was the performance like?

Well, not so great to be honest. You would have earned an annual return of 6.6% on your investments. Throw in a couple of percentage points of dividends and the returns climb to around 8%.

However, this is India, and 8% annual returns don't quite cut it.

There is a silver lining though. Had you persisted for another 15-18 months, your returns would have climbed to an impressive 14.4%. Throw in dividends and you get a pretty respectable 16%-17%.

Here's how your journey would have progressed.

An investment of Rs 1.3 lakh spread over 129 months would have swelled to close to Rs 3 lakhs.
 

Adani Green Energy Q4 results

Adani Green Energy on Monday posted a more than four-fold rise in its consolidated net profit to Rs 5.1 billion (bn) in the March 2023 quarter compared to the year-ago period, supported by higher revenues.

The consolidated net profit of the company was Rs 1.2 bn in the quarter ended on 31 March 2022, a. Total income of the company rose to Rs 29.9 bn in the quarter from Rs 15.9 bn in the same period a year ago.

For the financial year 2022-23, the consolidated net profit of the company nearly doubled to Rs 9.7 bn, from Rs 4.9 bn in the previous financial year. The total income of the company rose to Rs 86.3 bn in the 2022-23 fiscal from Rs 55.5 bn reported in the year-ago period.

The Adani group company has added a massive greenfield capacity of 2,676 MW renewable assets this year. Its operational capacity has grown at a compounded annual growth rate (CAGR) of 33% over the last five years, outpacing overall renewable capacity growth at 15% CAGR in India in the same period.

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