KEY HIGHLIGHTS
Rupee Closes Stronger Against US Dollar
Rupee closed 15 paise stronger at 85.27 against US dollar
It closed at 85.42 a dollar on Wednesday
Source: Bloomberg
Stock Market Today: Nifty, Sensex Snaps Seven-Day Winning Streak
The NSE Nifty 50 and BSE Sensex ended 0.34% and 0.39% down, respectively.
IndusInd Bank Ltd., UltraTech Cement Ltd., and Grasim Industries Ltd. rose the most.
Hindustan Unilever Ltd., Bharti Airtel Ltd., and Eicher Motors Ltd. declined the most.
The NSE Nifty Realty declined the most, and the NSE Nifty Pharma rose the most.
The NSE Nifty Midcap 150 ended 0.17% down at 20,194.40
The NSE Nifty Smallcap 250 ended 0.05% down at 15,915.25
Stock Market Live Update: ACC Q4 FY25 Results Highlights (Consolidated)
Revenue at Rs 5,991.67 crore NDTV Profit estimate Of Rs 5,904 crore.
Ebitda at Rs 755 crore versus NDTV Profit estimate Of Rs 760 crore.
Margin at 12.6% versus NDTV Profit estimate of 12.8%.
Profit at Rs 751 crore versus NDTV Profit estimate of Rs 503 crore.
Announces dividend of Rs 7.5 per share.
European Market Update: Most Share Indices Decline On Earning-Heavy Day
Most markets in the eurozone decline Thursday as European investors assess several corporate's performance for fourth quarter. German shoe-maker Adidas, BNP Paribas SA, Nestle SA, and Unilever PLC released their results.
French lender BNP Paribas SA reported decline in net income in line with expectation. Adidas's sales beat sales estimate, while Unilever PLC reported better than expected sales.
The Euro Stoxx 50 and CAC 40 were trading 0.74% and 0.60% down, respectively. The DAX was trading 0.71% down as of 2:49 p.m.
Stock Market Live Update: JPMorgan On Persistent
Maintain Overweight with a target price of Rs 6,500
The gift that keeps on giving
Growth momentum not at risk
Aiming for 100 basis points margin expansion in FY26
Commentary on the FY26 outlook was optimistic as it feels confident of maintaining the growth momentum
Remains one of our high-conviction Overweights
Stock Market Live Update: Nifty, Sensex On A Downward Trend
The Nifty 50 fell as much as 0.37% to hit a low of 24,239.45 on Thursday, while the Sensex fell 0.4% to an intraday low of 79,793.21.
The indices are set to close in the red and break their gaining streak from the past seven sessions.
Stock Market Live Update: Supreme Industries Profit Falls
Supreme Industries Q4 Highlights (Consolidated, YoY)
Revenue up 0.6% to Rs 3,027.07 crore versus Rs 3,007.89 crore
Ebitda down 15% to Rs 416.27 crore versus Rs 490.67 crore
Ebitda margins contracted to 13.8% versus 16.3%
Net profit down 17% to Rs 293.94 crore versus Rs 354.82 crore
The company announced a dividend of Rs 24 per share, for the financial year ended March 31, 2025.
Stock Market Live Update: Honasa Consumer Promotes Avinash Dhagat
Honasa Consumer has promoted Avinash Dhagat to the position of Chief Supply Chain Officer.
Stock Market Live Update: Rakesh Ranjan Hasn't Resigned, Eternal Clarifies
Eternal has clarified that Rakesh Ranjan has not resigned and continues to be part of the company's leadership team.
Stock Market Today: Morepen Laboratories Launches New Products
Morepen Laboratories has launched four new products: Ticapen, UdoFix, LycoMore, and Acifix.
Stock Market Live Update: Ixigo Teams Up With AbhiBus For 2025 T20 Season
Le Travenues Technology Ltd. AbhiBus has partnered with Chennai Super Kings as the official bus travel partner for the 2025 T20 season.
Stock Market Live Update: Ircon International Gets Revised Contract From Indian Railways
Ircon International has had the contract value for tunnel systems revised to Rs 203 crore from Rs 144 crore by Indian Railways.
Stock Market Today: NTPC Green Energy To Consider Borrowing
NTPC Green Energy will consider borrowing up to ₹5,000 crore during FY26 in its upcoming board meeting on April 29, the company said in an exchange filing.
Stock Market Live Update Today: Nestle India Share Price Tumbles Post Q4 Net Profit Falls
Nestle India Q4 Highlights (Standalone, YoY)
Revenue up 4.5% to Rs 5,503.80 crore versus Rs 5,267.50 crore
Ebitda up 3% to Rs 1,388.90 crore versus Rs 1,350.00 crore
Ebitda margins contracted to 25.2% versus 25.6%
Net profit down 4% to Rs 1,204.50 crore versus Rs 1,250.50 crore
Board recommended final dividend of Rs 10 per share
The scrip declined 1.66% to Rs 2,393 apiece. However, Nestle India share price erased losses shortly.
For faster updates on fourth quarter earning click here.
Stock Market Live Update: Vascon Engineers Gets LoI Worth Rs 85.43 Crore From Yucca Promoters
Vascon Engineers has received a Letter of Intent worth ₹85.43 crore from Yucca Promoters LLP for constructing a commercial building in Pune.
Stock Market Live Update: Nifty Bank Reverses Losses
The NSE Nifty Bank reversed losses from previous session as IndusInd Bank Ltd. and Federal Bank Ltd. share prices lead. The index snapped a three-day record rally on Wednesday and opened in loss Thursday.
The index declined as much as 0.51% to the day's low of 55,088.40 so far today. The index was trading flat at 55,365.50 as of 11:19 a.m.
Stock Market Live Update: Lupin Gets US FDA Approval For Tolvaptan
Lupin has received US FDA approval for Tolvaptan Tablets, a medication used to slow kidney function decline in adults with certain kidney diseases.
Stock Market Live Update: Tata Consumer Share Price Falls After Q4 Margin Narrows
Tata Consumer Products Ltd.'s shares fell over 4% on Thursday as its fourth quarter margins took a beating due to higher tea costs. This, even as the company reported a jump in its net profit.
Stock Market Live Update: Axiscades Appoints Anurag Sharma As Add-Solution CEO
Axiscades Technologies Ltd. has appointed Anurag Sharma as CEO of its ADD-Solution division to drive European growth and lead software-driven engineering innovation.
Stock Market Live Update: Aurion Pro Solutions' Subsidiary Launches AI Alignment Labs In Paris
Aurionpro Solutions' subsidiary, AryaXAI, has launched AI Alignment Labs in Paris and Mumbai to accelerate research in artificial intelligence, focusing on developing aligned AI solutions.
Stock Market Live Update: Hindustan Unilever
Hindustan Unilever Q4 Highlights (Standalone, YoY)
Revenue up 2.4% to Rs 15,214 crore versus Rs 14,857 crore
Ebitda up 1% to Rs 3,466 crore versus Rs 3,435 crore
Ebitda margins contracted to 22.8% versus 23.1%
Net profit up 4% to Rs 2,493 crore versus Rs 2,406 crore
For faster updates on fourth quarter earning click here.
LTIMindtree Share Price Declines Following Q4 Earnings Report
LTIMindtree Ltd. share price declined nearly 2% after reporting its fourth-quarter earning report.
The share price declined despite the company posting an increase in net profit. Moreover, the company's board of directors also recommended a final dividend of Rs 45 per share.
Stock Market Live Update: Bajaj Finance Shares Hit Life High As Board Mulls Stock Split
The shares of Bajaj Finance Ltd. rose to hit a new life high after it announced that the board of directors will consider proposals for a stock split and bonus issue of shares during a meeting on April 29.
The shares of Bajaj Finance rose as much as 3.61% to Rs 9,660 apiece to hit a fresh life high.
Stock Market Today: Persistent Systems Share Price Gains Post Q4 Revenue, Profit Rise
Persistent Systems Ltd. saw a 3.67% rise in its share price on Thursday following the announcement of its fourth-quarter earnings.
Sectoral Performance At Open: Nifty Defense Leading Gains On NSE
Out of 15 sectoral indices on National Stock Exchange, three declined, three remained flat, and nine sectoral indices advanced. The NSE Nifty Defense was leading in gains, while the NSE Nifty Finance declined the most.
Nifty Contributors: HDFC Bank, Bharti Airtel Weigh
HDFC Bank Ltd., Bharti Airtel Ltd., ICICI Bank Ltd., Eternal Ltd., and Tata Consumer Products Ltd. weighed on the Nifty 50 index.
Bajaj Finance Ltd., State Bank of India, Tata Motors Ltd., Axis Bank Ltd., IndusInd Bank Ltd. added to the Nifty 50 index.
Stock Market Live Update: Nifty, Sensex Snaps Seven-Day Winning Streak At Open As HDFC Bank Weighs
The NSE Nifty 50 and BSE Sensex snapped a seven-day winning streak at open on Thursday as HDFC Bank Ltd. share price dragged. The Nifty 50 and Sensex were trading 0.18% and 0.16% down, respectively as of 9:19 a.m.
"Immediate resistance for the Nifty is seen at 24,545, which happens to be a 61.8% retracement of the entire fall from 26,277(the All-Time High) to 21,743(the 7th April 2025 Low). Support for the Nifty has shifted upwards to 24,072," said Devarsh Vakil, head, prime research at HDFC Securities
Stock Market Today: Nifty, Sensex Trade Higher At Pre-Open
At pre-open, the NSE Nifty 50 was trading 0.46% higher at 24,277.90, and the BSE Sensex was trading 0.58% higher at 80,058.43.
India Money Market Update: Rupee Extends Losses Against US Dollar; 10-Year Bond Yield Flat
Rupee Opens Weaker Against US Dollar
Rupee opened 18 paise weaker at 85.60 against US dollar
It closed at 85.42 a dollar on Wednesday
Source: Bloomberg
Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.32%
Source: Bloomberg
Persistent Systems Q4 FY25 Conference Call
Healthcare vertical pressure for the industry could emanate opportunities for us
Currently Healthcare smaller share for us vs industry
Stock Market Live Update: UBS India Strategy
Upgrade India to Neutral from Underweight; still prefer China over India
China remains our key overweight market
Positive on the Indian market for four reasons:
expect a consumption-led recovery in FY26 and FY27
lower oil prices aid GDP growth and help in lower inflation
India looks better placed than its Asian peers to weather US tariffs impact and a global growth slowdown
valuations are reasonable
Prefer financials, consumption, auto; cautious on industrials, IT and pharma
Expect 8% upside in Nifty 50; one year target of 26,000
Stock Market Live Update: Samhi Hotels Partners With GIC
Samhi Hotels has partnered with GIC for a hotel investment platform with a planned investment of up to $300 million. The partnership will start with 5 hotels owned by SAMHI, valued at approximately Rs 2,200 crore.
Stock Market Today: Waaree Energies Gets Jefferies Downgrade Despite 25% Stock Rally
Jefferies has downgraded Waaree Energies Ltd. from 'hold' to 'underperform', despite a strong fourth quarter performance and positive financial year 2026 guidance. The downgrade follows a sharp 25% rally in the stock over the past month.
Read the full article here.
Gold Prices Rebounds From Steepest Decline In Five Months
Gold prices rebounded from the steepest decline in five months as the US President Donald Trump signaled that the final tariff on China will likely be less than 145%. He also clarified that he has no intention to fire Fed Chair Jerome Powell.
The Bloomberg spot gold was trading 1.96% higher at $3,352.81 an ounce.
Asia Market Update: Most Share Indices Rise As Fears About US-China Trade Ties Lessen
Most markets in the Asia-Pacific region were trading higher Thursday morning as risk sentiments among investors continued to recover amid less fears about US and China trade relationships.
The Nikkei 225 and S&P ASX 200 were trading 0.96% and 0.65% higher, respectively as of 7:54 a.m.
Meanwhile, investors logged losses in South Korea after data from the Bank of Korea showed GDP contracted 0.2% in the first quarter sequentially. Economists expected the economy to grow 0.1% in the first quarter.
The KOSPI was trading 0.54% down at 2,511.88 as of 7:58 a.m.
US Market Update: Share Indices Extend Rally
US share indices extended rally Wednesday as optimism over a possible pause in the tension between US and China continued to support risk-sentiments among traders.
The Dow Jones Industrial Average and S&P 500 ended 1.07% and 1.67% higher, respectively. The Nasdaq Composite ended 2.50% higher.
GIFT Nifty Indicates Muted Open; Bajaj Housing, Biocon, LTIMindtree, NHPC Shares In Focus
The GIFT Nifty was trading flat early trade Thursday, which implied a flat open for the Nifty 50. LTIMindtree Ltd., Bajaj Housing Finance Ltd., Rallis India Ltd., Dalmia Bharat Ltd., and Can Fin Homes Ltd. share prices may react in Thursday's session.
The GIFT Nifty was trading flat at 24,260.50 as of 6:56 a.m.
The NSE Nifty 50 and BSE Sensex extended their gaining streak to seventh day and finished at the highest level since mid December 2024. The rally in the benchmark indices got support from a surge in technology stocks. Infosys Ltd., HCLTech Ltd., and Tata Consultancy Services Ltd.'s share prices contributed the most to gains in the Nifty 50.
The Nifty 50 ended 115.10 points or 0.48% higher at 24,282.35, and the Sensex ended 520.90 points, or 0.65% up at 80,116.49.
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