KEY HIGHLIGHTS
Stock Market Today: Nifty, Sensex Extend Gains To Fourth Consecutive Sessions
The NSE Nifty 50 and BSE Sensex rose for fourth session in a row
The Nifty 50 and Sensex recorded the best weekly gains since Feb 1, 2021.
The NSE Nifty Bank ended just shy of record high. It ended 2.21% higher at 54,290.20
The NSE Nifty Financial Services ended at the record closing high. It ended 2.27% higher at 26,071.60. It's the top performing sector in Thursday's session
The NSE Nifty IT sector rose the least to become the worst performer. It ended 0.23% higher at 33,372.35.
The NSE Nifty Midcap 150 ended 0.58% higher at 19,433.45.
The NSE Nifty Smallcap 250 ended 0.45% higher at 15,452.10
Rupee Closes Stronger Against Dollar
Rupee strengthened by 31 paise to close at 85.38 against the US dollar. It closed at 85.69 on Wednesday, according to data on Bloomberg.
Stock Market Live Update: Route Mobile Board Approves Appointment Of Chairman
Route Mobile Ltd. board approves appointment of Mark James Reid as Chairman, according to the exchange filing.
Stock Market Live Update: Eicher Motors' Royal Enfield Launches Classic 350 Motorcycle In Nepal
Eicher Motors' Royal Enfield has launched the Classic 350 motorcycle in Nepal, expanding its presence in the country. This move is likely aimed at tapping into the growing demand for premium motorcycles in Nepal.
Stock Market Today: PFC Incorporates New Subsidiary
PFC Ltd. has incorporated three new step-down subsidiaries, expanding its corporate structure. This move is likely aimed at furthering the company's business objectives and growth initiatives.
Stock Market Live Update: Fitch Ratings Lowers India's Growth Forecast
On Thursday, Fitch Ratings revised India's GDP growth estimate down by 10 basis points to 6.4% for the current fiscal year, citing concerns over a "severe" escalation in the global trade war. However, the projections for the next financial year remain unchanged.
Read the full article here.
NDTV Profit Exclusive: Global Firms Dial India Amid Trade Heat
Government receives 20+ FDI queries post US tariff move
FDI interest rises in setting up India manufacturing base due to relatively lower tariff rates
Queries from sectors including — Chemicals, Auto, Textiles, Electronics
Some FDI nods sought for Joint Venture with minority Chinese stake
Govt approves 7-8 JVs in non-sensitive sectors
US reciprocal tariff pushes firms towards India, say official
India offers competitive edge over global peers
Foreign players revisiting India investment strategies
India firm on local control, tech transfer in JVs
PLI scheme enhances India’s manufacturing appeal
India offers cost effective manufacturing ecosystem making global players rethinking their supply chain
Stock Market Live Update: Refex Industries's Unit Phases Out EV Taxi Services For Aiport In Bengaluru
Refex Industries' step-down arm, Refex EV Fleet Services, has phased out its airport-based electric vehicle taxi services in Bengaluru. This decision may be part of a strategic shift or restructuring within the company.
Stock Market Today: KP Energy Commissions Hybrid Power Project
The company commissioned a 23.1 MW solar hybrid power project for Aditya Birla Renewables Energy in Gujarat.
Source: Exchange Filing
Stock Market Today: Zydus Lifesciences To Acquire 85.6% Stake In Amplitude Surgical
Zydus Lifesciences plans to acquire an 85.6% stake in Amplitude Surgical by June 2025, with the intention of acquiring over 90% of the company's capital and voting rights. This acquisition is likely to expand Zydus Lifesciences' presence in the market.
Stock Market Live Update: Alembic Pharma Gets Final Approval For A Drug To Treat Seizures & Bipolar Disorder
Alembic Pharmaceuticals Ltd. has received final approval from the US Food And Drug Administration for its Carbamazepine Tablets, which are used to treat certain types of seizures and bipolar disorder. This approval is expected to contribute to the company's growth in the US market.
Stock Market Today: Angel One Announces Final Dividend Of Rs 26 For FY25: Check Payment Date, Q4 Earnings
Angel One announced its results for the fourth quarter and the full financial year 2024-25 on Wednesday. The company’s Board of Directors also approved a final dividend for FY25 along with the financial results.
Check the details here.
Stock Market Live Update: Nifty Finance Share Price Hits Record High
The NSE Nifty Financial Services index rose 0.93% to a record high of 25,729.25. It was trading 0.90% higher at 25,721.00 as of 11:39 a.m., as compared to 0.51% advance in the NSE Nifty 50 index. ICICI Bank Ltd. and HDFC Bank Ltd. share prices added to the index the most.
Stock Market Live Update: Cello Share Price Rises Over 7%
Kotak Institutional Securities on Thursday put out a note upgrading Cello World Ltd. to a ‘buy’ rating and a target price of Rs 717 apiece. Following this, shares of the company rose as much as 7.37% intraday
Stock Market Live Update: Sonata Software Share Price Tumbles On Lower Q4 Revenue Expectation
Share price of Sonata Software Ltd. tumbled on Thursday, after the company released a report stating that its largest client expects a cut in final quarter revenue.
Intraday, the stock plunged as much as 14% to Rs 288 per share.
Stock Market Live Update: Federal Bank Cuts Saving Account Rates By 25 Basis Points
Savings account deposits up to Rs 50 lakh to be reduced to 2.75%
Savings account deposits between RS 50 lakh and Rs 5 crore to fetch 3.5%
Savings account deposits between Rs 5-50 crore to fetch 5.25%
Source: Federal Bank website
Stock Market Live Update: ABB Global Q1 CY25 Earnings
Orders stood at $9,213 million up +5%
India order inflow growth of 1% YoY
Revenues stood at $7,935 mn, up +3%
Revenue remain in line growth in the mid-single digit range
Operational EBITA stood at $1,597 million
Operational margins stood at 20.2% in Q1
Company plans to spin off robotics division as separately listed company
CY2025 Outlook
Expect a positive book-to-bill ratio
Revenue growth in the mid-single digit range
Operational EBITA margin to improve YoY
Stock Market Live Update: BSE Share Price Rises Nearly 2% As Bonus Issue Optimism Lingers
Shares of BSE Ltd. rose as much as 1.85% intraday on Thursday, rebounding after snapping a four-session gaining streak in the previous session. Shortly after, the stock pared gains.
Stock Market Today: Gensol Engineering Share Price Locked In Lower Circuit
Gensol Engineering's share price fell another 5% on Thursday, after a 5% drop on Wednesday, following the Securities and Exchange Board of India's decision to bar the company's promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, for alleged fund diversion and record falsification.
Stock Market Live Update: Wipro Share Price Declines As Lower Q1 FY26 Guidance Triggers Target Price Cuts
Wipro Ltd.'s share price declined over 6% on Thursday, after the company lowered its revenue guidance following the announcement of its fourth quarter results. The script fell as much as 6.26% to a piece.
Stock Market Live Update: Nifty IT Snaps Three-Day Winning Streak
The NSE Nifty IT index declined 2.48% to 32,470.95, the lowest level April 9. Infosys Ltd. and Wipro Ltd. share prices were the biggest dragger. Wipro guided for weak topline and weak growth for the ongoing quarter of financial year 2026.
Sectoral Performance At Open: Nifty IT Emerges As Top Loser
At open, on National Stock Exchange, 10 sectoral indices declined, and five advanced out of 15. The NSE Nifty IT declined the most, and the NSE Nifty Defense rose the most.
Nifty Top Contributors & Detractors: Infosys, RIL Share Prices Drag Nifty 50 The Most
Infosys Ltd., Reliance Industries Ltd., Larsen & Toubro Ltd., Tata Consultancy Services Ltd., and HCLTech Ltd. weighed on the Nifty 50 index at open.
ICICI Bank Ltd., Bharti Airtel Ltd., Sun Pharmaceutical Industries Ltd., and Shriram Finance Ltd. added to the Nifty 50 index.
Stock Market Today: Nifty, Sensex Decline At Open As Technology Stocks Fall Following Wipro's Poor Guidance
The NSE Nifty 50 and BSE Sensex declined at open as technology stocks fall after risk-appetite soured after Wipro Ltd. gave poor guidance. Wipro guided for degrowth of -3.5% and -1.5%.
As of 9:21 a.m., the Nifty 50 was trading 78.25 points or 0.33% lower at 23,358.95, and the Sensex was trading 247.57 points or 0.32% down at 76,796.72.
Stock Market Live Update: IDFC First Bank Approves Rs 7,500-Crore Fundraise
IDFC First Bank Ltd.'s board has approved a fundraise of up to Rs 7,500 crore from two investors. The bank plans to issue Compulsorily Convertible Preference Shares to Current Sea and Platinum Invictus to raise the funds.
Stock Market Live Update: Nifty, Sensex Trade Lower At Pre-Open
At pre-open, the NSE Nifty 50 was trading 0.15% lower at 23,401.85, and the BSE Sensex was trading 0.09% down at 76,971.26.
Money Market Update: Rupee Opens Stronger; Bond Yield Falls
Rupee Opens Stronger Against US Dollar
Rupee strengthened 21 paise to open at 85.48 against US dollar
It ended at 85.69 a dollar on Wednesday
Source: Bloomberg
Yield On The 10-Year Bond Opens Lower
The yield on the 10-year bond opened 2 basis points lower at 6.39%
It closed at 6.41% Wednesday
Source: Bloomberg
Stock Market Live Update: Motilal Oswal on Avalon Technologies
Retain Buy with TP 970, Upside 17%
India's EMS space is believed to be in a favorable situation vs peer countries
EMS sector may see gradual shift of some business from China to India in mid to long term
China exported 20% of total electrical machinery to US in CY24 vs. India’s 1.7%.
Avalon has 58% of its revenue from US customers in 9M FY25
Avalon's cost-plus structure on products would mitigate margin pressures due to tariffs
The company has well-established manufacturing presence in US with 12% US manufacturing revenue
Avalon is in a position to shift back automated tasks to the US plants to reduce tariff exposure
The estimated 30%/57%/80% CAGR in revenue/EBITDA/adj. PAT over FY24-27
Gold Prices Hit Record High Again
Gold prices hit record high again as uncertainty over international trade continued to batter risk-on sentiment. Moreover, the US Federal Reserve Chair Jerome Powell indicated the central bank is in no hurry to reduce interest rates.
The Bloomberg spot gold was trading 0.37% down at $3,330 an ounce as of 8:10 a.m.
Oil Prices Rise For Second Day As US Vows To Pressure Iran's Exports
Oil prices extend gains to a second session Thursday as the US vowed to keep on pressuring Iran to curb its oil exports. US Treasury Secretary Scott Bessent said that they will create maximum pressure to bring Iran's oil exports to zero.
Moreover, oil inventory declined at Cushing Oklahoma, the delivery point for WTI. It declined approximately by 650,000 barrels to the lowest level since 2008, Bloomberg reported.
The brent crude was trading 0.61% higher at $66.25 a barrel, and the WTI crude was trading 0.82% higher at $62.98 a barrel, according to data on Bloomberg.
Asia Market Update: Most Market Rise On Progress In Trade Talks Between US & Japan
After, erasing opening losses, most markets in Asia-Pacific region were trading higher on Thursday as progress on US-Japan trade talks eased some of worries over tariff. US President Donald Trump said that Japan's trade negotiator made a significant progress in trade talks.
The Nikkei 225 was trading 0.68% higher at 34,151.40 as of 7:39 a.m.
The KOSPI was trading 0.44% higher as the Bank of Korea held interest rates steady at 2.75% in its latest policy meeting amid the ongoing uncertainty over international trade ecosystem.
China's benchmark CSI 300 was trading 0.13% down as tension between two countries rose regarding tariff. The US imposed 245% tariff on China.
US Market Update: Share Indices Fall As Fed Worries About Tariff Impact
US share indices ended lower as concerns over adverse impact of US tariffs rose after Federal Reserve Chair Jerome Powell said that the central bank is on wait and watch mode. Powell also said that there's no rush in reducing the interest rates.
The Dow Jones Industrial Average and S&P 500 ended 1.73% and 2.24% down, respectively. The Nasdaq Composite ended 3.07% down.
GIFT Nifty Implies Higher Open; Angel One, Wipro, Lupin, Paytm Share Prices In Focus
The GIFT Nifty was trading higher, which implied a higher open for the NSE Nifty 50 Index in Thursday's session. Angel One Ltd., Wipro Ltd., and Waaree Renewable Technologies Ltd. share prices may move because they released their quarterly results. Lupin Ltd., Zydus Lifesciences Ltd. and One 97 Communication Ltd. share prices will likely react because of their business-related news.
The GIFT Nifty was trading 0.29%, or 68 points higher, at 23,334.00 at 6:54 a.m.
Indian benchmark indices Sensex and Nifty 50 continued their upward trajectory to close higher for the third consecutive trading session on Wednesday.
Nifty 50 closed 0.47%, or 108.65 points higher, at 23,437. While the Sensex closed 0.40% or 309.40 points higher at 77,044.
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