Stock Market Today: Nifty, Sensex End At Over Two-Week High For Second Session; Axis Bank Share Price Leads

The Nifty 50 and Sensex extended gains to third session in a row.

The Nifty 50 and Sensex recovered morning losses to end Wednesday's session higher. (Photo: Freepik) 

The GIFT Nifty was trading above 23,300 Wednesday morning. Axis Bank Ltd., ICICI Prudential Life Insurance Co., Indian Renewable Energy Development Agency, ICICI Lombard General Insurance Co., and Mahanagar Gas Ltd. share prices may move because of overnight news flow and fourth quarter results.
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Rupee Closes Stronger Against Dollar

  • Rupee strengthened by 9 paise to close at 85.68 against the US dollar.

  • It closed at 85.77 on Tuesday.

Source: Bloomberg

Stock Market Today: Nifty, Sensex End At Over Two-Week High For Second Session;  Axis Bank Share Price Lead

  • The NSE Nifty 50 and BSE Sensex rose for third session in a row

  • The Nifty 50 and Sensex ended at over two-week high for second session

  • Axis Bank Ltd., HDFC Bank Ltd., and Bharti Airtel Ltd. were top contributors.

  • Infosys Ltd., Larsen & Toubro Ltd., and Maruti Suzuki India Ltd. dragged the Nifty 50 the most.

  • The NSE Nifty PSU Bank sector was the top performer. It ended 2.37% higher at 6,417.05.

  • The NSE Nifty Auto sector was the top loser. It ended 0.43% down at 21,155.80

  • The NSE Nifty Midcap 150 ended 0.74% down at 19,320.60

  • The NSE Nifty Smallcap 250 ended 0.94% down at 15,382.45

Stock Market Live Update: Bajaj Electricals In Agreement With SEAK

Bajaj Electricals has entered into an agreement with SEAK, where SEAK will supply lighting control products. This partnership is expected to enhance Bajaj Electricals' product offerings and strengthen its position in the market.

Stock Market Today: Swaraj Engines Q4 Earnings (YoY)

  • Net profit rose 29% to Rs 45.4 crore vs Rs 35.2 crore

  • Revenue rose 29.4% to Rs 454 crore vs Rs 351 crore

  • Ebitda rose 28.7% to Rs 61.9 crore vs Rs 48.1 crore

  • Margin at 13.6% vs 13.7%

  • Board recommends dividend of Rs 104.5 per share

Stock Market Live Update: Nifty, Sensex Trades At Day's High As HDFC Bank Share Price Lead 

The NSE Nifty 50 was trading 0.41% higher at 23,420.30, and the BSE Sensex was trading 0.36% higher at 77,008.11 as of 2:16 p.m. Sensex reclaimed the 77,000 mark in over two weeks.

Stock Market Live: KFin Tech's Share Purchase Pact

  • The company is in pact to acquire 51% stake of Ascent Fund Services, Singapore Pte for $34.7 million

  • To acquire additional stake of Ascent Fund over five years

Source: Exchange Filing

Stock Market Live: Ami Organics Approves Name Change

Board approves change in name of company to 'Acutaas Chemicals Ltd.'

Source: Exchange Filing

Stock Market Live: Yes Bank Receives Tax Demand

Yes Bank gets additional tax demand of Rs 244 crore

Source: Exchange Filing

Stock Market Live: Morgan Stanley On Bharat Forge

  • Maintain 'equal-weight' with target price of Rs 1,170

  • US Slowdown is a bigger Risk

  • North America formed 41% of standalone sales in Q3

  • US Machinery team has also lowered Class 8 forecast for 2025

  • See a modest increase in 2026; remove pre-buy expectations from their estimates

  • Market participants to take more of a wait-and-see approach

  • This question both the expected recovery in the second half of the year and pre-buy activity

Stock Market Live: Lupin & Zydus Lifescience Share Prices Extend Losses 

Lupin Ltd. and Zyfus Lifesciences Ltd. share prices extended losses as Equrius said that both the companies losing litigation to Myrbetriq in FC on patent 780. Lupin and Zydus Lifesciences will have to withdraw the drug from the market.

Lupin and Zydus Life could see some financial penalty. For Zydus Lifesciences, it was estimated to be $35 million quarterly sales, and for LPC it was estimated to be $25-30 million product quarterly.

Six Stocks In Focus At Noon: Mahanagar Gas, Gensol, Ireda, And Others

Among the market moving stocks are those that have reported their earnings such as Ireda and those that are expecting earnings such as HDFC Bank. Here’s a look at six stocks that are in the news at noon. Apart from HDFC Bank, Mahanagar Gas Ltd., Gensol Engineering Ltd., Indian Renewable Energy Development Agency Ltd., and IndusInd Bank Ltd. share prices were trending. To know their movement and the reasons behind it click here.

Stock Market Live Update: Capacit'e Infra Shares At Nearly Three-Month High On Mumbai Order Win

Shares of Capacit'e Infraprojects Ltd. rose over 3% on Wednesday after it received a Letter of Intent for construction of a building in Mumbai. Shares of Capcait'e Infraprojects rose as much as 3.18% to Rs 382.70 apiece, the highest level since Jan. 20.

Stock Market Live Update: Gallant Ispat's Board Approves Rs 1,015 Crore Capital Expenditure

Gallantt Ispat's board has approved a Rs 1,015 crore capital expenditure for expanding the capacity of its integrated steel plants in Gorakhpur. This investment aims to increase production capacity and enhance the company's market position.

Stock Market Live Update: Infosys Q4 Results Preview: Profit And Margins Likely To Decline

IT services major Infosys Ltd.'s net profit is likely to decline in the fourth quarter of fiscal 2025, amid weak demand environment. Revenue for the company is expected to rise marginally at 1% sequentially to Rs 42,126 crore for the quarter ended March 31, 2025, according to a consensus estimate of analysts tracked by Bloomberg. Net profit may decline 2% to Rs 6,697 crore.

Read the full article here.

Capacite Infraprojects Gets Order Worth Rs 295 Crore 

Capacite Infra has received a Letter of Intent worth ₹295 crore for a building construction project in Mumbai. This significant contract is expected to contribute to the company's revenue growth and project pipeline.

Stock Market Today: Hind Rectifier Incorporates New Subsidiary 

Hind Rectifiers Ltd. has incorporated a wholly-owned subsidiary named Coincade Studios. This new entity is likely to support the company's business expansion and diversification plans

Stock Market Live Update: Narayan Hrudayalaya Share Price Hits Record High 

Narayan Hrudayalaya share price rose nearly 4% to the record high of Rs 1,804.80 apiece. It was trading 2.67% higher at Rs 1,735.6 apiece as of 11:13 a.m., as compared to 0.06% decline in the NSE Nifty 50 index.

Stock Market Today: Mahanagar, Indraprastha Gas Shares Decline

Shares of city gas distribution companies Mahanagar Gas Ltd. and Indraprastha Gas Ltd. fell on Wednesday, after the government reduced their allocation of cheaper domestically produced Administrative Price Mechanism natural gas.

Stock Market Today: Gensol Shares Hit All-Time Low

Gensol Engineering Ltd.'s share price fell to an all-time low level on Wednesday as the stock hit the 5% lower circuit limit after 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: Ireda Share Price Rises After Q4 Profit Growth

Indian Renewable Energy Development Agency Ltd.'s shares rose 7.50% following the release of its earnings report for the quarter ended March 31, 2025. The non-banking financial company reported a consolidated net profit of Rs 502 crore, marking a 48.7% increase from Rs 337 crore in the same period last year.

Also Read: Ireda Share Price Rises After Q4 Profit Growth

Stock Market Today: Wipro Shares Fall Ahead Of Q4 Earnings

Wipro Ltd. shares were trading lower ahead of the March quarter results scheduled later in the day. Shares of Wipro fell as much as 1.15% to Rs 241.20 apiece, the lowest level since April 11.

Stock Market Live Updates: HDFC Bank Rises To Life High 

HDFC Bank Ltd. share price rose 1.01% to record high of 1,883.80. It was trading 0.75% higher at Rs 1,878.80 apiece as of 9:55 a.m., as compared to 0.11% advance in the NSE Nifty 50 index.

Also Read: HDFC Bank Shares Hit All-Time High Ahead Of Earnings Announcement This Week

Stock Market Live Update: Siemens Share Price Extend Gains To Rise 1%

The shares of Siemens Ltd. rose on Wednesday, extending its advance for the third straight day. In this month alone the shares have risen nearly 9%, while it has declined over 13% this year.

Also Read: Siemens Share Price Today Gains 1%; Stock Rallies Nearly 9% So Far In April On Siemens Energy India Demerger

Stock Market Today: Nifty Finance Hits Record High 

The NSE Nifty Finance index rose 0.55% to Rs 25,409.35. HDFC Bank Ltd., and Kotak Mahindra Bank Ltd. share price added to the index.

Stock Market Live: Nifty Auto Lead Losses

On NSE, out of 15, nine sectoral indices were trading lower with the NSE Nifty Auto emerging as the top loser during open. Six sectoral indices rose with the NSE Nifty PSU Bank rose the most.

Nifty Top Contributors: Infosys, RIL Drag The Most 

Infosys Ltd., Reliance Industries Ltd., Sun Pharmaceutical Industries Ltd., Maruti Suzuki India Ltd., and Eternal Ltd. weighed on the Nifty 50 index.

HDFC Bank Ltd., ITC Ltd., State Bank of India, HDFC Life Insurance Co., and Bharti Airtel Ltd. added to the Nifty 50 index.

Stock Market Today: Nifty, Sensex Fall Shortly After Muted Open As Infosys, RIL Share Prices Weigh 

The NSE Nifty 50 and BSE Sensex declined following a muted open tracking a decline in Infosys Ltd., and Reliance Industries Ltd. share prices. As of 9:18 a.m., the Nifty 50 was trading 45.05 points or 0.19% down at 23,283.50, and the Sensex was trading 109.25 points or 0.14% down at 76,625.64.

Stock Market Live Update Today: Nifty, Sensex Trade Higher At Pre-Open 

At pre-open, the NSE Nifty 50 was trading 0.16% higher at 23,344.10, and the BSE Sensex was trading 0.35% higher at 77,003.76.

Yield On The 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat at 6.41%

Source: Bloomberg

Rupee Opens Stronger Against US Dollar

  • Rupee strengthened 16 paise to open at 85.61 against US dollar

  • It ended at 85.77 a dollar on Tuesday

Source: Bloomberg

Also Read: Rupee Strengthens Against US Dollar For Third Day Amid Global Tariff Uncertainties, Easing Inflation

Stock Market Live Update: Hindustan Oil Gets Contract Area In Mumbai Region 

Hindustan Oil Exploration Co has been awarded a contract area in the Mumbai region under the small fields bid round. This development is expected to enhance the company's upstream oil and gas portfolio and contribute to its energy production goals.

Stock Market Today: Opal Bidco To Make Open Offer To Acquire  26% Stakes In Sanofi Consumer 

Opal Bidco will make an open offer to acquire a 26% stake in Sanofi Consumer Healthcare Ltd. at Rs 4,982.05 per share. The open offer involves acquiring 60 lakh shares, valued at approximately Rs 2,983 crore.

Stock Market Live Update: IndusInd Bank Share Price May Move As It Internal Audit Reveals Discrepancies

IndusInd Bank Ltd. share price may move in Wednesday's session as the lender revealed its internal audit accounted a financial impact of Rs 1,979 crore due to derivative accounting discrepancies.

On March 10, the lender disclosed that it had identified discrepancies in account balances within its derivative portfolio. An internal review estimated an impact of approximately 2.35% of the bank's net worth as of December 2024.

IndusInd Bank share price ended 6.67% higher at Rs 735.50 apiece on Tuesday.

Gold Prices Hit Record High As Traders Flock To Safe-Haven 

Gold prices hit a record high as traders flock to the safe haven after US President Donald Trump launched fresh probes which escalated trade war tensions.

The Bloomberg spot gold was trading 1.24% higher at record high of $3,270.69 an ounce.

Also Read: Gold And Silver Price Today — Check Prices In Mumbai, Bengaluru, Delhi, Chennai And More

Asia Market Update: Fall As Trade War Concerns Weigh 

Most markets in Asia-Pacific were trading lower Wednesday as tensions regarding trade war weighed on investors after US President Donald Trump launched fresh probe into critical mineral. Moreover, Nvidia Corp said that the President has prevented exports of some chips from China, Bloomberg reported.

The Nikkei 225 and CSI 300 were trading 0.37% and 0.61% down, respectively. The KOSPI was trading 0.93% down as of 7:26 a.m.

Also Read: US Stocks Calm Broken After ‘Fed Put’ Hopes Dashed: Markets Wrap

US Market Update: Share Indices Fall On Mounting Worry Over Trade War

US share indices ended lower Tuesday as worries over trade war rose and its potential impact on economies weighed on investors. The Dow Jones Industrial Average and S&P 500 ended 0.38% and 0.17% down, respectively.

Also Read: US Stocks Halt Rally Amid Lingering Trade-War Risks: Markets Wrap

GIFT Nifty Above23,300; Axis Bank, ICICI Prudential, IREDA Share Prices In Focus

The GIFT Nifty was trading above 23,300 Wednesday morning. Axis Bank Ltd., ICICI Prudential Life Insurance Co., Indian Renewable Energy Development Agency, ICICI Lombard General Insurance Co., and Mahanagar Gas Ltd. share prices may move because of overnight news flow and fourth quarter results.

The GIFT Nifty was trading 0.15% or 34.50 points down at 23,277.00 as of 6:50 a.m.

The benchmark indices Sensex and Nifty 50 continued their upward trajectory to close higher for the second consecutive trading session on Tuesday.

Nifty 50 closed 2.19% higher at 23,328 as it gained 500 points. Meanwhile, the Sensex closed 2.10% higher at 76,734 on the heels of gaining 1,577 points.

Also Read: Stock Market Highlight: Sensex Rallies To Become First Asian Index To Wipe Out Losses Since 'Liberation Day'

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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