KEY HIGHLIGHTS
Stock Market Today: Nifty, Sensex Extend Gains To Second Session As Trump Tariff Pause Boosts Risk-On Sentiments
The NSE Nifty 50 and BSE Sensex rose for second session in a row
The Nifty 50 and Sensex ended at nearly two-week high
The NSE Nifty Realty sector was the top performer. It ended 5.64% higher at 834.75.
The NSE Nifty FMCG sector was the top loser. It ended 0.28% higher at 55,896.95.
The NSE Nifty Midcap 150 ended 3.03% higher at 19,178.50.
The NSE Nifty Smallcap 250 ended 3.06% higher at 15,238.45.
Rupee Closes Stronger Against Dollar
Rupee strengthened by 28 paise to close at 85.77 against the US dollar. It closed at 86.05 on Friday, according to data on Bloomberg.
Stock Market Live: Nifty Finance Hits Record High
The NSE Nifty Finance index rose as much as 3.11% to the day's high of 25,306.90.
Stock Market Live Update: India VIX Falls Over 20%
The NSE Volatility Index slumped 20.43% to 16.0. The fear gauge was trading 20.40% down at 16.00% as of 3:07 p.m.
JM Financial Cuts Nifty EPS Growth Forecasts, Flags Risks From Key Sectors
Financial services company JM Financial has lowered its Nifty earnings per share (EPS) growth expectations for both FY25 and FY26, citing concerns on the uncertainty and market volatility created by US tariffs. The biggest risk for FY26 stems from IT, auto and auto ancillaries, and chemicals, according to Venkatesh Balasubramaniam, Managing Director and Co-Head of Research, JM Financial.
Read the full article here.
Europe Market Update: Share Indices Rise On Auto Stocks Rally
Markets in Europe rose Tuesday tracking a rise in automobile stocks on hopes of a potential pause on auto tariffs in the US. This came after President Donald Trump exempted consumer electronics.
The Euro Stoxx 50 and FTSE 100 were trading 0.78% and 0.90% higher, respectively. The DAX was trading 1.30% higher as of 2:09 p.m.
Stock Market Live Update: Airtel Partners With Blinkit To Deliver SIM Cards
Bharti Airtel has partnered with Blinkit to deliver SIM cards within 10 minutes. This partnership aims to enhance customer convenience and provide quick access to Airtel's services through Blinkit's rapid delivery network.
Stock Market Live Update: Max Financial Appoints CFO
The company appointed Nishant Kumar Gehlawat as CFO effective May 1
Source: Exchange Filing
Stock Market Live Update: Capacite Infra Bags Civil Project
Gets letter of intent from TenX Realty for civil project worth Rs 220 crore
Source: Exchange Filing
Stock Market Live Update: Fitch Ratings On Gold Loan Non-Bank Lenders
Few RBI changes on gold loan norms could raise operational complexity for lenders
Large non-bank lenders have adequate resources to navigate through new norms
Large gold loan financiers will be able to adjust to new regulatory needs
NBFCs less likely to offer income generating gold backed loans
Provision charge of 1% on loans breaching LTV limits to make credit costs, profitability more sensitive to collateral price falls
Source: Fitch Release
Stock Market Live Update: Swiggy Launches Marketplace App 'Pyng'
Launches professional services marketplace app called Pyng
Pyng to offer services including financial advisors, astrologers, health experts and more
Pyng is currently live for users in Bengaluru
Alert: Pyng launched its seller app earlier this year, and now has over 1,000 professionals across more than 100 specialisations
Source: Press Release
Stock Market Live Update: M&M Financial Services To Consider Borrowing Limit In Next Board Meet
Mahindra & Mahindra Financial Services will consider increasing its borrowing limits in a board meeting scheduled for April 22. This move is likely aimed at enhancing the company's financial flexibility and capacity to support its business growth.
India's WPI Inflation Falls To 2.05% In March
WPI inflation is 2.05% vs 2.38% (MoM)
Primary articles inflation is at 0.76% vs 2.81% (MoM)
Fuel and power inflation is at 0.2% vs -0.71% (MoM)
Manufactured products inflation is at 3.07% vs 2.86% (MoM)
January WPI inflation rate was revised to 2.51% vs 2.31%
Provisional WPI core inflation rate is at 1.5% vs 1.3% (MoM)
Food inflation is at 4.66% vs 5.94% (MoM)
WPI inflation of 2.05% is the lowest in 6 months
Stock Market Today: MF Industry Success Is Biggest In Financial Industry, Says SEBI Chair Sinha
The success of the MF industry is the biggest success of the financial industry in India and SEBI.
In 2007 and 2012 data, the industry was going through a regrowth
Growing ten folds from that is an achievement.
Source: U.K. Sinha, Former Chairperson of SEBI, speaking at the CII Mutual Fund Summit 2025
Stock Market Live: AstraZeneca Pharma Surrenders Marketing Authorisation For Olaparib
AstraZeneca Pharma India Ltd. has surrendered the marketing authorisation for Olaparib, a medication used to treat certain types of prostate cancer. This decision may impact treatment options for patients with specific cancer indications.
Stock Market Live Update: Dr. Lal Path Labs Launches Advanced Diagnostic Test Amyloidosis
Dr. Lal Path Labs has introduced an advanced diagnostic test for Amyloidosis, a condition characterized by abnormal protein buildup in the body. This new test is expected to aid in early detection and accurate diagnosis of the condition, enabling timely treatment and better patient outcomes.
Stock Market Live Update: Delhivery Share Price Rises
Delhivery Ltd. share price rose second consecutive session on Tuesday as it revealed more details about Ecom Express acquisition.
Stock Market Live: Zomato Share Price Rises Over 3%
Zomato share price rose over 3% in Tuesday's session without any significant trigger or news. It extended gains to a second session tracking overall positive sentiments in Indian financial markets.
Zomato has changed its name to Eternal.
Nomura On India Consumer Durables & EMS
Possible US exemption of reciprocal tariffs on key electronics to aide India electronic push
Prolonged tariff uncertainty could push cos to look for alternative sourcing out of China
See limited scope of smartphone assembly shifting to the US
Expect India's smartphone exports to the US to increase sharply
Apple’s iPhone India production share is likely to rise from ~12-16% in 2024 to 21-25% in 2025
Smartphone supply chain shift away from China could benefit SAMIL and Dixon Tech
Stock Market Live: Nifty Realty Hits Over One-Week High
The NSE Nifty Realty rose 4.35% to the day's high of 824.55, the highest level since April 4. DLF Ltd., and Macrotech Developers Ltd. added the most to the Nifty Realty index. No stocks were dragging the Nifty Realty index.
Stock Market Live Update: Rategain Travel Partners With AirGain Competitive Pricing Strategy
Rategain Travel Technologies Ltd. has partnered with AirGain, a leading airline retailing platform, to implement a competitive pricing strategy for airlines. This collaboration aims to optimize pricing and revenue management for airlines, leveraging Rategain's technology and AirGain's expertise.
Stock Market Today: Mercury Ev-Tech's Unit Commissions Lithium-ion Battery Manufacturing Facility In Vadodara
Powermetz Energy, an arm of Mercury Ev-Tech, has commissioned a 3.2 GW lithium-ion battery manufacturing facility in Vadodara. The facility is set to begin pilot production in mid-May 2025, marking a significant step in the company's efforts to enhance its battery production capabilities.
Stock Market Live Update: Dr. Reddy’s Share Price Rises 3% As Firm Dismisses Report On Job Cuts
Shares of Dr Reddy’s Laboratories rose over 3% in early trade on Tuesday after the company denied reports claiming it was undertaking a 25% reduction in workforce costs through large-scale layoffs. Dr. Reddy's stock rose as much as 3.45% during the day to Rs 1,147.80 apiece on the NSE.
Sectoral Performance At Open: Nifty Auto Lead Gains
During open, the NSE Nifty Auto was the leading gains. All 15 sectoral indices on NSE rose.
Nifty Top Contributors: Private Bank Stocks Add The Most
HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., Larsen & Toubro Ltd., and Bharti Airtel Ltd. added to the NSE Nifty 50 index. During open, no stocks was dragging the Nifty 50 index.
Stock Market Today: Nifty, Sensex Open Over 2% Higher As HDFC Bank, ICICI Bank Share Prices Lead
The NSE Nifty 50 and BSE Sensex opened higher on Tuesday as hopes for a possibility of US's lighter stance on reciprocal tariffs rose. HDFC Bank Ltd., ICICI Bank Ltd., and Reliance Industries Ltd. added tot he Nifty 50 index. At open, there was no dragger in the Nifty 50 index.
The Nifty 50 was trading 467.00 points or 2.05% higher at 23,295.55, and the Sensex was trading 1,569.89 points or 2.09% higher at 76,727.15.
Stock Market Live Update: Nifty, Sensex Trade Higher At Pre-Open
At pre-open, the NSE Nifty 50 was 2.36% higher at 23,368.35, and BSE Sensex were trading 2.23% higher at 76,836.46.
Yield On The 10-Year Bond Opens Lower
The yield on the 10-year bond opened 3 basis points lower at 6.41%. It ended at 6.44% on Friday, according to data on Bloomberg.
Rupee Opens Above 86 Against US Dollar
Rupee strengthened 20 paise to open at 85.85 against US dollar. It ended at 86.05 a dollar on Friday, according to data on Bloomberg.
Stock Market Live Update: Satin Creditcare Network Implements Cap On Number Of Microfinance Lenders
Satin Creditcare Network has implemented a cap of 3 on the number of microfinance lenders its customers can borrow from. This move aims to promote responsible borrowing and reduce debt burden on customers, aligning with regulatory guidelines for microfinance institutions.
Stock Market Today: RattanIndia Enterprises's Portfolio Company Starts Operating In Nepal
RattanIndia Enterprises' portfolio company Revolt Motors has started its operations in Nepal with the launch of its first dealership in Kathmandu. This expansion marks the company's entry into the Nepalese market, aiming to cater to the growing demand for electric vehicles.
Stock Market Today: Biocon Biologics Signs Settlement & License Agreement With Regeneron Arm
Biocon Biologics, a subsidiary of Biocon, has signed a settlement and license agreement with a Regeneron arm. The agreement allows for the commercialization of Yesafili, a biosimilar used to treat ophthalmology conditions, in the US market. This partnership is expected to benefit patients by increasing access to affordable treatment options.
Stock Market Live Update: Poonawalla Fincorp Launches Gold Loan Business
Poonawalla Fincorp has launched a gold loan business plan to expand its presence in Tier-II and Tier-III cities. The company plans to open 400 new branches in a phased manner over the next four quarters, aiming to strengthen its footprint and increase its market share in the gold loan segment.
Stock Market Live: IDFC First Bank To Consider Preferential Issue On Thursday
IDFC First Bank's board of directors will consider a preferential issue on April 17. The decision is expected to be taken during the board meeting, subject to regulatory approvals and other necessary clearances.
Gold Trades Shy Of Record High As Trader Assess US Tariff Outlook
Gold prices were trading just shy of record high in Tuesday's session as traders assess mixed messages from the US regarding tariff. Late Friday, US announced exemption for consumer electronics, and Monday, it launched probe in pharmaceutical and semiconductor imports.
The Gold spot was trading 0.29% higher at $3,220.13 an ounce. In Monday's session, it touched the record high of $3,245 an ounce.
Oil Prices Extend Gains To Third Session
Oil prices extended gains to third session as traders hope for looser tariff restrictions from the US after exemptions. They also hope for light restriction on Iranian oil supply given the US and Iran concluded first round of discussion on nuclear power constructive.
The brent crude was trading 0.20% higher at $65.01 a barrel as of 7:45 a.m.
Asia Market Update: Japan's Nikkei Rises Over 1%
Markets in Japan, South Korea, and Australia were trading higher Tuesday morning, tracking an overnight rally in stocks on Wall Street. The Nikkei 225 and KOSPI indices were trading 1.14% and 0.67% higher, respectively. The S&P ASX 200 was trading 0.41% higher as of 7:13 a.m.
US Market Update: End Higher As Technology Stocks Rise Following Trump's Exemption
US share indices ended higher on Monday tracking gains in technology stocks as the US President Donald Trump provided exemption to consumer electronics, and automobile components. Th US announced exemption for smartphones, Computer, hard drives, computer processors, chips, and semiconductors late Friday.
The Dow Jones Industrial Average and S&P 500 ended 0.78% and 0.79% higher, respectively. The Nasdaq Composite ended 0.64% higher.
GIFT Nifty Implies Muted Open; ICICI Bank, HCLTech, Zydus Life Share Prices In Focus
The GIFT Nifty was indicating a muted start for Indian benchmarks on Tuesday. ICICI Bank Ltd., HCLTech Ltd., and Zydus Lifesciences Ltd. share prices are expected to move because of the news flow over the weekend.
The GIFT Nifty was trading 0.01% or 1.50 points higher at 23,304.00 as of 6:42 a.m.
The benchmark equity indices reversed their single-session decline on Friday as the trade war between the US and China intensified.
The Nifty ended 429.40 points, or 1.92%, higher at 22,828.55, while the BSE Sensex closed 1,310.11 points, or 1.77%, up at 75,157.26 after witnessing a volatile week.
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