KEY HIGHLIGHTS
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Stock Market Today: Nifty, Sensex End At Over Three-Week High For Second Session In A Row
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Rupee Closes Weaker Against US Dollar
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Stock Market Live Update: Nifty Metal Rises To Highest Level Since April 4
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Stock Market Live Update: Nifty IT Snaps Five-Day Winning Streak
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Stock Market Today: Nifty, Sensex Pare Gains Shortly After Open As Infosys, ICICI Bank Share Prices Weigh
Economic Data Releases And Events For April 22
IMF Meeting Day 2
US: Federal Reserve Governor Philip Jefferson will speak at the Economic Mobility Summit hosted by the central bank — 6:00 p.m.
US: Federal Reserve Bank of Philadelphia President Patrick Harker will speak at the Economic Mobility Summit — 7:00 p.m.
Europe: ECB President Christine Lagarde will speak an interview conducted by CNBC — 7:30 p.m.
Europe: Consumer Confidence — 7:30 p.m.
Stock Market Today: Nifty, Sensex End At Over Three-Week High For Second Session In A Row
The Nifty 50 and Sensex rose for six consecutive sessions, marking the best winning-streak in nearly a month.
The Nifty 50 and Sensex ended 0.17% and 0.24% higher, respectively.
HDFC Bank Ltd., ITC Ltd., and Hindustan Unilever Ltd. added to the Nifty 50 index.
Infosys Ltd., Bharti Airtel Ltd., Power Grid Corp of India weighed on the Nifty 50 index.
The NSE Nifty Midcap 150 ended 0.85% higher at 20,003.30
The NSE Nifty Smallcap 250 ended 0.80% higher at 15,878.05
Rupee Closes Weaker Against US Dollar
Rupee closed 7 paise weaker at 85.20 against US dollar
It closed at 85.13 a dollar on Monday
Source: Bloomberg
Europe Market Update: Most Share Indices Fall
Most share indices in the eurozone decline in the first session post Easter break as heavyweight Novo Nordisk plunged on competition concerns, as per agency reports. Eli Lily's, Novo Nordisk's competitor, recent weight loss pill study stoked fears that it will steal market share.
The Euro Stoxx 50 and DAX fell 0.26% and 0.13% down, respectively. The FTSE 100 rose 0.24%.
Stock Market Today: Government Appoints REC's Chairman
REC has announced the government's appointment of Jitendra Srivastava as the company's Chairman and Managing Director, marking a new leadership tenure for the organization.
Stock Market Today: Sammaan Capital Collects Rs 15,325 Crore In FY25
Sammaan Capital collected Rs 15,325 crore in financial year from legacy loan book
It collected Rs 4,235 crore in Q4 from legacy loan book
Source: Exchange Filing
Gold At Life High: Uday Kotak Tips Hat To 'Best Fund Managers' — The Indian Housewives
As gold prices touched lifetime high on Tuesday, veteran banker Uday Kotak weighed in on the precious metal's long-term performance—this time, with a nod to the eternal Indian saver, the Indian housewife.
Read the full article here.
Six Stocks In News At Noon: IndusInd Bank, Waaree Energies, Anant Raj, Tata Steel, Senco Gold, BSE
Around noon, IndusInd Bank Ltd., Waaree Energies Ltd., Anant Raj Ltd., Tata Steel Ltd., Senco Gold, and BSE Ltd. were trending. Click here to know the reasons.
Stock Market Live Update: Jupiter Wagons' Jablpur Plant Is Closed For 15-20 Days
Jupiter Wagons has announced that its Jabalpur plant has been closed for the past 15-20 days due to unavoidable circumstances, potentially impacting production and operations.
Stock Market Today: ICICI Securities Partners To Upgrade Retail Trading Platform
ICICI Securities Partners with Tata Consultancy Services Ltd. to upgrade Its retail trading platform, according to an exchange filing.
Stock Market Today: Ramco Cement's Board To Meet On April 25
The Ramco Cements' board is scheduled to meet on April 25 to discuss and consider raising funds through the issuance of non-convertible securities.
Stock Market Live Update: IndusInd Bank Share Price Falls Over 6% On Plans For Second Audit
The shares of IndusInd Bank Ltd. fell over 6% on Tuesday on report that the lender will conduct a second audit to probe a Rs 600 crore discrepancy in accrued interest income from its microfinance portfolio.
Stock Market Highlights: Jewellery Stocks Rise As Yellow Metal Hits All-Time High
The shares of Senco Gold Ltd., Sky Gold Ltd. and Kalyan Jewellers India Ltd. rose on Tuesday as the yellow metal hit a life high amid tensions between US President Donald Trump and Federal Reserve Chair Jerome Powell.
Stock Market Live Update: BSE Shares Hit Record High
Shares of BSE Ltd. surged 2% to hit a fresh all-time high on Tuesday, building on strong gains from the previous two sessions. The stock had closed 5.96% higher on Monday, and is now up 6.81% over the past three sessions, backed by heavy volumes.
Stock Market Live Update: Petronet LNG Appoints New CFO
Petronet LNG has announced the appointment of Saurav Mitra as Chief Financial Officer, bringing new leadership to the company's financial management, according to an exchange filing.
Stock Market Today: Arkade Developers FY25 Business Update (YoY)
Area sold rose 22.7% at 2.49 lakh square feet
Pre-Sales rose 19.8% at Rs 773 crore
Collections rose 21.8% at Rs 716 crore
Source: Exchange filing
Stock Market Live Update: Bajaj Auto Share Price Falls As Jefferies Downgrades
Bajaj Auto Ltd. share price declined as much as 2.09% to Rs 8,075 apiece. The share price declined as Jefferies downgraded the stock to 'Hold' from 'Buy', while it cut target price to Rs 7,500 from Rs 10,550. The current target price implied an 9.9% downside from Monday's closing price.
Stock Market Live Update: RateGain Travel Extends Partnership With Tunisia
RateGain Travel Tech Ltd. has announced that Tunisair, the national airline of Tunisia, has extended its partnership with the company for an additional three years, continuing their collaboration in travel technology solutions.
Nifty 500 Stocks Trading Near 52-Week High
Among these stocks, Bharti Airtel Ltd., Bajaj Finance Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Kotak Mahindra Bank Ltd., and UPL Ltd. share prices hit life high.
Stock Market Live Update: Waaree Energies Share Price Jumps Ahead Of Q4 Results
Solar manufacturer Waaree Energies Ltd.'s shares jumped 6% on Tuesday, ahead of the company's expected declaration of their financial performance for the quarter ended March 31, 2025.
Stock Market Live Update: Nifty Finance Hits Record High
The NSE Nifty Financial Services hit record high as HDFC Bank Ltd., and Kotak Mahindra Bank Ltd. share prices lead. It rose as much as 2.04% to Rs 1,966.4 apiece.
Stock Market Live Update: Jefferies On Auto
Bajaj Auto: Downgrade to Hold from Buy; cut target price to Rs 7,500 from Rs 10,550
Eicher Motors: Maintain Buy; Hike TP to Rs 6700 from Rs 6,600
Hero MotoCorp: Downgrade to underperform from Buy; cut target price to Rs 3,200 from Rs 5,075
TVS Motor: Maintain Buy; hike target price to Rs 3,225 from Rs 3,050
Cut 2W industry volume growth estimates for FY26-27 by 6ppt/2ppt
Although we still expect a healthy 10% CAGR over FY25-28
Competitive landscape has changed significantly
TVS's market share at 18-year high in domestic 2Ws and a new high in exports
Hero Moto conversely, is at a 20-year low in domestic 2Ws
Cut FY26-27E EPS for Bajaj Auto/Hero Moto by 5-11% and for TVS by 2-3%
Stock Market Live Update: Nifty Metal Rises To Highest Level Since April 4
The NSE Nifty Metal index rose to the highest level in over two weeks as the Government of India introduced additional duties on steel imports from developed economies, China, and Vietnam. The move came amidst complains from Indian steel companies of dumping from South Korea, China, and Vietnam. The Nifty Metal was the top gainer among sectoral indices on National Stock Exchange Ltd.
The Government of India imposed provisional 12% safeguard duty on key steel products like hot rolled coils. It became effective from April 21 for 200 days.
Stock Market Live Update: Nifty IT Snaps Five-Day Winning Streak
The NSE Nifty IT snapped a five-day winning streak in Tuesday's session as Infosys Ltd. and Tata Consultancy Services Ltd. weighed. The index was top loser compared to other sectoral indices.
Sectoral Performance At Open: Most Sectoral Indices Open Higher
On National Stock Exchange Ltd., 13 sectoral indices opened higher, and two declined out of 15. The NSE Nifty Metal rose the most, and the NSE Nifty IT declined the most.
Nifty Contributors: Infosys, IndusInd, ICICI Bank Share Prices Weigh
Infosys Ltd., IndusInd Bank Ltd., ICICI Bank Ltd., Bajaj Auto Ltd., and Larsen & Toubro Ltd. weighed on the Nifty 50 index.
HDFC Bank Ltd., Kotak Mahindra Bank Ltd., Tata Steel Ltd., ITC Ltd., and JSW Steel share prices added to the Nifty 50 index.
Stock Market Today: Nifty, Sensex Pare Gains Shortly After Open As Infosys, ICICI Bank Share Prices Weigh
The NSE Nifty 50 and BSE Sensex pared gains shortly after open as Infosys Ltd., and ICICI Bank Ltd. share prices weighed. The Nifty Bank hit a fresh high at open.
The Nifty 50 was trading 39.20 points or 0.16% down at 24,086.35, and the Sensex was trading 55.29 points or 0.1% down at 79,353.21.
Stock Market Today: Nifty, Sensex Trade Higher At Pre-Open
At pre-open, the NSE Nifty 50 was trading 0.25% higher at 24,185.40, and the BSE Sensex was trading 0.41% higher at 79,730.53.
India Money Markets Update: Rupee Opens Flat; Bond Yield Falls
Rupee Opens Flat Against US Dollar
Rupee opened flat at 85.13 against US dollar
Source: Bloomberg
Yield On The 10-Year Bond Opens Higher
The yield on the 10-year bond opened 2 basis points higher at 6.34%
It closed at 6.32% on Monday
Source: Bloomberg
Stock Market Today: Morgan Stanley Bullish On India Noting Low Volatility.
India's lower volatility relative to its global peers is a key reason why Morgan Stanley India's Managing Director, Ridham Desai, remains bullish on the country among emerging markets.
According to Desai, India's strong macro fundamentals are doing the heavy lifting. A cocktail of low inflation volatility, strong earnings growth, domestic risk capital, combined with a dovish RBI, rupee's steadier valuation amid current global market sentiment and falling oil prices aid Morgan Stanley's positive sentiment, stated the note.
Read the full article here.
Stock Market Today: PNGRB To Revise Transport Tariffs, GAIL Says
GAIL has been informed that the Petroleum and Natural Gas Regulatory Board may issue an order revising transportation tariffs. The revision, pending public consultation, could potentially increase GAIL's transmission revenue if tariffs are revised upwards.
Stock Market Live Update: Poonawalla Fincorp Launches Consumer Durables Business
Poonawalla Fincorp has announced the launch of its consumer durables loans business, expanding its financial services offerings to cater to customers' needs for household appliances and electronics.
Stock Market Today: 360 One Wam Approves To Issue Warrants To UBS AG To Buy Its Wealth Business
360 One Wam Ltd. has approved a strategic collaboration with UBS AG, where 360 ONE WAM will issue 2.05 crore warrants to UBS at Rs 1,030 per share, as part of its plan to acquire UBS's India wealth business.
Stock Market Live: Persistent Systems Gets Nod To Merge Its Subsidiary
Persistent Systems has received an order from the National Company Law Tribunal to merge its wholly-owned subsidiary, Capitol Software, with the company, streamlining its corporate structure.
Stock Market Today: Steel Stocks May React As Government Impose 12% Duty On Steel Imports
The Government of India imposed provisional 12% safeguard duty on on steel imports from developed economies, China, and Vietnam. This will likely lift business outlook for Indian steel companies for near-term.
JSW Steel Ltd., Tata Steel Ltd., Steel Authority of India, Vedanta Ltd. share prices will likely react.
Gold Prices Hit Record High For Second Session
Gold prices hit record high for a second day in a row on Tuesday as investors drop the dollar index and US treasury yields on fears that US President Donald Trump may fire Federal Reserve Chair Jerome Powell.
The Bloomberg spot gold rose 0.91% to a record high of $3,455.09 an ounce. It was trading 0.68% higher at $3,447.37 an ounce as of 7:36 a.m.
Asia Market Update: Most Markets Trade In Loss
Most share indices in Asia-Pacific region were trading lower Tuesday morning, tracking overnight losses on Wall Street as worries for the independence of US Federal Reserve weighed on investors' minds. US President Donald Trump in post in Truth social media said the US economy will head for recession unless the US central bank hurries to cut interest rate.
The Nikkei 225 and S&P ASX 200 were trading 0.10% and 0.12% down, respectively. The KOSPI was trading 0.11% higher as of 7:26 a.m.
US Market Update: Share Indices End Sharply Lower
US share indices ended sharply lower on Monday after US President Donald Trump amplified criticism of Federal Reserve Chair Jerome Powell. This raised serious concern over the central bank's independence, which is essential to maintain stability in the country's financial landscape.
The Dow Jones Industrial Average and S&P 500 ended 2.48% and 2.36% down, respectively. The Nasdaq Composite ended 2.55% down.
GIFT Nifty Implies Positive Open; Coal India, Paytm, Tata Steel, Vedanta In Focus
The GIFT Nifty was trading higher in early trade Tuesday, which indicates that the benchmark indices may open higher. Coal India Ltd., One 97 Communication Ltd., Tata Steel Ltd., and Vedanta Ltd. share prices may react due to news flow overnight.
The GIFT Nifty was trading 0.06% or 14 points higher at 24,102.50 as of 6:48 a.m.
The benchmark equity indices gained for the fourth consecutive session on Monday and closed at their highest since early January. The NSE Nifty 50 closed 273.9 points, or 1.15% higher at 24,125.55, while the BSE Sensex ended 855.3 points, or 1.09% up at 79,408.5, the highest since Jan. 3.
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