KEY HIGHLIGHTS
Economic Data Releases And Events For April 23
IMF Meeting Day 3
US: Federal Reserve Bank of Chicago President Austan Goolsbee will speak at the Economic Mobility Summit, in Philadelphia, via satellite — 6:30 p.m.US: Fed Governor Christopher Waller will speak alomg with Fed St. Louis President Musalem at a Fed Listens event — 7:05 p.m.
US: Flash Manufacturing PMI — 7:15 p.m.
US: Flash Services PMI — 7:15 p.m.
US: New Home Sales — 7:30 p.m.
Stock Market Today: Nifty, Sensex Record Seven-Day Winning Streak; Nifty Bank Falls As HDFC Bank Weighs
The NSE Nifty 50 and BSE Sensex extended gains to seventh day.
The Indices are closing at the highest level since Dec 17
The Nifty 50 and Sensex ended 0.67% and 0.65% higher, respectively.
The Nifty index jumped over 4% in Wednesday's session to become the top gainer. It ended 4.34% higher at 35,414.65
The Nifty Bank snapped its three-day record run and ended 0.50% down.
Rupee Closes Weaker Against US Dollar
Rupee closed 22 paise weaker at 85.42 against US dollar -
It closed at 85.20 a dollar on Tuesday
Source: Bloomberg
Stock Market Live Update: Coromandel Engineering Gets In-Principal Approval To Issue Shares On Preferential Basis
Coromandel Engineering has received in-principle approval for issuing 66.7 lakh shares to promoters and non-promoters on a preferential basis, facilitating capital infusion and strategic investments.
Stock Market Live Update: NBCC Gets Multiple Order Worth Rs 64.7 Crore
NBCC has received multiple construction orders worth Rs 64.7 crore, adding to its project pipeline and business growth prospects.
Stock Market Live: Shriram Properties Land Acquisition
Shriram Properties has acquired a 5-acre land parcel in North Bengaluru, with a gross development value estimated between Rs 200-250 crore.
Source: Exchange Filing
Stock Market Live Update: Alkem Laboratories Completes Acquisition In Adroit Biomed
Alkem Laboratories has completed the acquisition of 100% stake in Adroit Biomed, expanding its portfolio and presence in the pharmaceutical market.
Stock Market Update: Reliance Earnings Preview
Reliance Industries' consolidated net profit is expected to be little changed at Rs 18,471 crore on a sequential basis in the fourth quarter of financial year 2025.
Read more about it here
Stock Market Live: Markets Post Noon
Benchmark indices Sensex and Nifty 50 were trading higher post noon on Wednesday. Nifty was up 0.38% at 24,255 and Sensex was trading 0.39% higher at 79,898.
Life Insurance Council Data: Total Premium Up 2%
Total Insurance Premium grew 2% to Rs 61,439 crore versus Rs 60,213 crore.
LIC grew 2% to Rs 36,907 crore from Rs 36,300 crore.
SBI Life degrew 11% to Rs 3,871 crore from Rs 4,370 crore.
Kotak Mahindra Life degrew 24% to Rs 1,311 crore from Rs 1,717 crore.
ICICI Pru Life grew 18% at Rs 3,809 crore versus Rs 3,225 crore.
HDFC Life grew 5% to Rs 4,875 crore from Rs 4,641 crore.
Bajaj Alliance degrew 7% to Rs 1,822 crore from Rs 1,953 crore.
Aditya Birla Sun Life Insurance grew 8% to Rs 1,524 crore to Rs 1,410 crore.
Axis Max Life Insurance grew 1% to Rs 2,056 crore from Rs 2,040 crore.
Source: Life Insurance Council Website
Stock Market Live: Rajesh Power Services Order
Rajesh Power Services Ltd. has secured transmission and distribution orders worth Rs 1,116 crore on Wednesday.
Source: Exchange Filing
Six Stocks In News: HCLTech, Havells, Waaree Energies Among Others
Stocks in technology, renewable energy spaces were making the headlines in Indian market news around noon Wednesday. HCLTech Ltd., Havells India Ltd., and Waaree Energies Ltd. share prices moved in Wednesday's session. Click here know their fundamental trigger.
Stock Market Today: HUDCO Approves Raising Rs 2,430-Crore
Housing And Urban Development Corp has approved raising up to Rs 2,430 crore through Non-Convertible Debentures on a private placement basis, as part of its fund-raising strategy.
Stock Market Live Update: Optiemus Infracom's Unit Launches New Drones
Optiemus Infracom's subsidiary, Optiemus Unmanned Systems, has launched four new drones, expanding its product portfolio in the unmanned aerial systems market.
Stock Market Today: Tata Communications' US Unit Looking To Raise Funds
NetFoundry, Tata Communications' US-based subsidiary is looking to raise funds. After funraise, Tata Communications' holding may fall to 11.49% from 100%.
Stock Market Live Update: Maharashtra Scooters Share Price Rises After Posting Increase In Q4 Net Profit
Maharashtra Scooters Q4 Highlights (YoY)
Net profit at Rs 51.6 crore versus Rs 10 lakh
Revenue up 28.4% to Rs 6.7 crore versus Rs 5.2 crore
Ebitda at Rs 4.8 crore versus Rs 69 lakh
Margins at 71.4% versus 13.3%.
The company reported an exceptional gain of Rs 57.7 crore in the quarter.
For faster update on Q4 Earnings click here.
Nifty Bank Retreats From Record High As HDFC Bank Share Price Falls
The NSE Nifty Bank retreated from record high in Wednesday's session as HDFC Bank Ltd., and Axis Bank Ltd. share prices weighed. The index has posted record high for three days in a row.
Stock Market Live Update: Caplin Point's Subsidiary Gets US FDA Approval For Phytonadine Injectable Emulsion
Caplin Point's subsidiary, Caplin Steriles, has received final approval from the US FDA for the Abbreviated New Drug Application (ANDA) of Phytonadione Injectable Emulsion, a Vitamin K replacement, expanding its product portfolio in the US market.
Suzlon Energy Gets Orders From NTPC Green Energy
Suzlon Energy Ltd. gets wind project related order of 378 megawatt from NTPC Green Energy Ltd, the company said in an exchange filing. It's a second order from NTPC Green Energy in eight months.
Waaree Energies Share Price Surges After Q4 Profit Growth
Waaree Energies Ltd. saw its share price surge to over three-month high after its net profit rose in the fourth quarter of fiscal 2025. The company reported a 34% increase in its consolidated net profit for the fourth quarter of financial year 2025, as per an exchange filing on Tuesday.
RBI's Softer LCR Norms To Boost Banking Sector Credit Growth
The Reserve Bank of India's decision to go softer on the final liquidity coverage ratio norms from the previous stringent draft guidelines will boost bank credit growth by 100-150 basis points, four people told NDTV Profit.
Banks will have additional liquidity which they can deploy into loan assets, all of the four people quoted above said.
Read the full article here.
Stock Market Live: Brokerages Split On Havells India's Valuations Despite Earnings Beat
Havells India Ltd.'s share price fell nearly 5% as the March quarter performance drew mixed reactions from brokerages, even as the company reported an all-round beat on revenue, Ebitda, and profit—driven primarily by strong growth in its Lloyd brand and cables & wires segments.
Read the article here.
Stock Market Today: Nifty IT Rises To Highest Level Since April 3
The NSE Nifty IT index rebounded Wednesday as risk sentiments in the US improved after Trump administrations allayed some fears regarding the trade war. Moreover, the US President Donald Trump said that he has no intention to fire Federal Reserve Chair Jerome Powell.
The Nifty IT index rose to a high of 35,246.60 so far today.
Stock Market Live: VIP Clothing Launches Frenchie X In Prime Indian Metro Cities
VIP Clothing has expanded its presence in India with the launch of its brand Frenchie X in key cities including Mumbai, Delhi, and Pune, enhancing its retail footprint.
Stock Market Live: HCL Tech Share Price Rises To Near One-Month High
HCLTech Ltd.'s share price rose over 6.6% on Wednesday following the release of its fourth quarter earnings report. Despite lower guidance of revenue growth, sentiment for HCL Technologies remained positive as analysts see limited impact of tariff on the company.
HCL Tech share price rose to a high of Rs 1,587.00 apiece, the highest level since March 28.
Sectoral Performance At Open: Nifty IT Leads Gains
The NSE Nifty IT rose the most compared to other sectoral indices on National Stock Exchange. The NSE Nifty Pharma rose the least to became worst performer during open.
All 15 sectoral indices rose the most.
Nifty Contributors: Infosys, HDFC Bank, & HCLTech Share Prices Lead
Infosys Ltd., HDFC Bank Ltd., HCLTech Ltd., Tech Mahindra Ltd., and Tata Consultancy Services Ltd. share prices added to the Nifty 50 index.
Kotak Mahindra Bank Ltd., Bajaj Auto Ltd., SBI Life Insurance Co., Cipla Ltd., and Apollo Hospitals Enterprise Ltd. share prices limited gains to the Nifty 50 index.
Stock Market Today: Nifty, Sensex Open Higher For Three Consecutive Sessions; Nifty Bank Hits Record High
The NSE Nifty 50 and BSE Sensex opened higher for third day in a row as information technology and financial services stocks led gains. The Nifty Bank hit record high for third session.
The Sensex has reclaimed 80,000-mark in over three months since Jan 3.
The Nifty 50 was trading 178.60 points or 0.74% higher at 24,345.85, and the Sensex was trading 593.02 points or 0.75% higher at 80,188.61.
Stock Market Live: UBS on Cholamandalam Finance Holdings
UBS Global Research upgraded the stock to Buy from Neutral and hiked target price to Rs 1950 from Rs 1620
Best combination of growth and RoE
Forecast 24% AUM and 30% EPS CAGR over FY25-27
Company has levers to grow AUM at 25% CAGR
Credit cost likely peaked in FY25
Expecting RoA to improve to 2.5% by FY27E vs 2.3% in FY25E
India Money Market Update: Rupee Falls Against US Dollar; 10-Year Bond Yield Opens Flat
Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.32%
Source: Bloomberg
Rupee Opens Weaker Against US Dollar
Rupee opened 7 paise weaker at 85.27 against US dollar
It closed at 85.20 a dollar on Tuesday
Source: Bloomberg
NDTV Profit Exclusive: SEBI' Secondary Market Advisory Committee to meet on May 7
The committee will likely assess the impact of already implemented future and options curbs
A detailed agenda to be out soon
Members are of the opinion that some of the desired impact has been seen
Further curbs or overregulation unlikely
Source: People In The Know
Oil Prices Rise For Second Day
Oil prices rose for second consecutive session Wednesday as worries rose about supply. US has unleashed fresh sanction on a Iranian liquefied petroleum gas magnate Seyed Asadoollah Emamjomeh and his corporate network, while a separate data showed crude stock pile decreased in the country, as reported by agencies.
Meanwhile, traders' risk-appetite got a boost after US President Donald Trump said that he has no intention to fire US Federal Reserve Chair Jerome Powell. Trump also delivered first positive remark about US-China trade situation ever since the trade war began.
The brent crude was trading 0.61% higher at $67.85 a barrel, and the WTI Crude was trading 1.95% higher at $64.31 a barrel.
Gold Prices Retreat From Record Rally
Gold prices retreated from record high as the dollar index rose after US President Donald Trump clarified that he has no intention to fire Federal Reserve Chair Jerome Powell. Trump wants the US central bank to reduce interest rates quickly.
The dollar index recovered as concerns over the authority of the Fed vanished post Trump's remark. A rise in the greenback make the bullion expensive.
The Bloomberg spot gold was trading 0.18% down at $3,374.46 an ounce.
Asia Market Update: Markets Surges On Optimism About US-China Trade Relation
Asia-Pacific markets advanced on Wednesday as risk-sentiment got a boost from first positive comment from US President Donald Trump about China since the trade war began.
Trump said that US is going to be nice to China, and vice versa. He also said that tariff on China will not likely to be near 145% but it will not be 0% as well. These remarks raised hopes that tensions between two largest economies will ease.
The Nikkei 225 and KOSPI were trading 1.60% and 1.27% higher, respectively. The S&P ASX 200 was trading 1.63% higher.
US Market Update: Share Indices Jumps Over 2%
On Tuesday, share indices on Wall Street rebounded as concerns about the US Federal Reserve's independence allayed after Trump said that he has no intention to fire Chair Jerome Powell.
Moreover, assurance from the Trump administration that they will soon secure deals with major trading partners calmed traders' anxiety over the ongoing trade war.
The Dow Jones Industrial Average and S&P 500 ended 2.66% and 2.51% higher, respectively. The Nasdaq Composite ended 2.34% higher. The S&P 500 posted the best day since April 9, as reported by Bloomberg.
GIFT Nifty Indicates Positive Open; Delta Corp, HCLTech, M&M, Airtel Share Prices In Focus
The GIFT Nifty was trading higher on Wednesday morning, which indicated the benchmark indices may open on a positive note. Delta Corp., HCLTech Ltd., Mahindra & Mahindra Ltd., and Bharti Airtel Ltd. share prices will likely move in Wednesday's session.
The GIFT Nifty was trading 0.29%, or 69.50 points higher at 24,378.00 as of 6:36 a.m.
On Tuesday, the benchmark equity indices rose for the sixth session in a row and recorded the best winning streak in nearly a month as sharp gains in financial services stocks supported the rally. The NSE Nifty 50 ended 41.70 points or 0.17% higher at 24,167.25 and the BSE Sensex closed 187.09 points or 0.24% up at 79,595.59.
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