Stock Market Today: Nifty, Sensex Snap Two-Day Decline As HDFC Bank, ICICI Bank Share Prices Lead

The Nifty 50 and Sensex ended 0.72% and 0.78% higher, respectively.

(Photo source: Freepik) 

The GIFT Nifty was trading near 23,300 in early trade on Wednesday. SJVN Ltd., JSW Energy Ltd., and Dabur India Ltd. were in focus during the news flow overnight. The GIFT Nifty was trading 0.15% or 34.50 points higher at 23,320.00 as of 7:08 a.m.
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Economic Data Releases And Events For April 2

  • US: ADP Non-farm Payroll data — 5:45 p.m.

  • US: Factory Orders — 7:30 p.m.

  • US: Energy Information Administration Crude Oil Ineventory Report — 8:00 p.m.

Nifty, Sensex Snap Two-Day Decline As HDFC Bank, ICICI Bank Share Prices Lead

  • The NSE Nifty 50 and BSE Sensex snapped a two-day decline

  • The Nifty 50 and Sensex ended 0.72% and 0.78% higher, respectively.

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

  • Bharat Electronics Ltd., Larsen & Toubro Ltd., and Bajaj Finance Ltd. weighed on the Nifty 50 index

  • The NSE Nifty Midcap 150 ended 0.59% higher.

  • The NSE Nifty Smallcap 250 ended 1% higher.

Stock Market Live Update: PNB Housing Finance Business Update 

  • Total loanbook crosses Rs 75,000 crore as on March 31

  • Retail segment loanbook rose 18% as on March 31

  • Achieves affordable housing book of Rs 5,000 crore in March

Source: Exchange filing

LTIMindtree Collaborates with Phinias For Infrastructure And Application Transformation

LTIMindtree has entered into a strategic partnership with Phinias to drive transformation in infrastructure and application services. This collaboration aims to leverage Phinias' expertise and LTIMindtree's capabilities to deliver innovative solutions and enhance operational efficiency for clients

Stock Market Live Update Today: Piccadily Agro Industries Launches Exclusive Whisky Experience Centre in India

Piccadily Agro Industries has announced the launch of an 'Experience Centre' catering to whisky connoisseurs in India. This centre aims to provide a unique and immersive experience, showcasing the company's premium whisky offerings.

Stock Market Live Update: Cabinet Briefing Cancelled 

Europe Market Update: Trade Sharply Down As Volatility Rises Before Trump's Tariff Announcement 

Markets in Eurozone were trading sharply down on Wednesday afternoon as traders remained concerned about the upcoming tariff policies from the US. President Donald Trump will announce policies regarding tariff after US markets closes.

The Euro Stoxx 50 and FTSE 100 were trading 0.73% and 0.59% down, respectively. The Dax was trading 1.22% down as of 2:04 p.m.

Trump's 'Liberation Day' Tariffs — Impact On India And Possible Response

US President Donald Trump is set to announce a slew of tariff measures against trading partners on Thursday, as he seeks to reduce the country's ballooning deficit and reshore manufacturing.

The US is one of India's largest trading partners, and the balance is heavily tilted in our favour. India's exports to the US reached $81 billion in 2024, accounting for 17.7% of total outbound shipments.

Read the full article here.

Stock Market Live Update: ITD Cementation Renew Exim DMCC to Make Open Offer for 4.46 Crore Shares

Renew Exim DMCC, in conjunction with ITD Cementation India, has announced its intention to make an open offer to acquire 4.46 crore shares of the company. This move is aimed at increasing its stake in ITD Cementation India.

GPT Infra Share Price Surges Over 11%

GPT Infraprojects Ltd. saw its share price surge by over 11% on Wednesday following the announcement of a contract win. The company has been awarded a contract worth Rs 481.11 crore by CAO Construction, South Eastern Railway, Kolkata, for the construction of an important bridge over the River Rupnarayan.

Also Read: GPT Infra Share Price Surges Over 11% After Company Secures Major Contract

Stocks In News At Noon: BEL, Tata Motors, CSB Bank Among Others

Bharat Electronics Ltd., Tata Motors Ltd., CSB Bank Ltd. Tata Consumer Products, and V-Mart Retail Ltd. were making headlines today, with notable movements in share prices driven by recent updates and market reactions. Read about the triggers behind the significant share movements here.

Stock Market Live Update: KVB Gets Extension For Interim Stay On GST Show Cause Notice 

Karur Vysya Bank has received a breather from the Madras High Court, which has extended an interim stay on a GST show cause notice until further orders. The next hearing is scheduled for June 24. Notably, the bank doesn't anticipate any significant financial implications arising from this show cause notice.

Stock Market Live: GPT Infra Wins Order Worth Rs 418 Crore

GPT Infra wins order worth Rs 418 crore for construction of bridge from CAO Construction.

Source: Exchange Filing

Stock Market Live: V2 Retail Q4 Business Update (YoY)

  • Standalone revenue rose 69% to Rs 499 crore

  • Same store sales growth rose 24%

  • Sales per square feet at 896 Vs 830

  • Adds 29 stores in Q4

Source: Exchange Filing

Stock Market Live Update: Colab Platform Approves Stock Split 

The company's board has approved a share split, where each existing share will be divided into two. This move aims to enhance liquidity and make the shares more accessible to a wider range of investors.

Additionally, Colab Platforms has approved its expansion into predictive gaming, marking a significant diversification of its business operations. This strategic move is expected to capitalize on the growing demand for interactive and immersive gaming experiences.

Yield On The 10-Year Bond Falls To Lowest Level In Three Years

  • The yield on the 10-year bond fell 9 basis points to 6.49%

  • The intraday low is the lowest since Jan 4, 2022

  • It closed at 6.58% on Friday

Source: Bloomberg

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Also Read: Despite Liquidity In Surplus, Banks Persuade RBI For Cash Reserve Ratio Cut

Tata Consumer Share Price Jumps After Goldman Sachs' 'Buy' Upgrade

Tata Consumer Products Ltd.'s shares surged over 8% on Wednesday following an upgrade from Goldman Sachs.

Shares of Tata Consumer rose as much as 8.15% to Rs 1,073.15 apiece.

Also Read: Tata Consumer Share Price Jumps After Goldman Sachs' 'Buy' Upgrade

Stock Market Live Update: Bharti Airtel Partners With Nokia 

Bharti Airtel Ltd. expanded core network pact with Nokia to speed-up New 5G Service Delivery, the company said in an exchange filing.

Windsor Machines Approves Relocation of Manufacturing Facilities

The company's board has approved the shifting of its manufacturing facilities from Ahmedabad and Chhatral to Rajkot. Following the relocation, the Ahmedabad and Chhatral facilities will be closed.

Stock Market Live Update: BEL Share Price Declines

Bharat Electronics Ltd. saw its share price decline over 5% on Wednesday after the company missed its fiscal 2025 order inflow guidance. It secured orders worth Rs 18,715 crore, falling short of its projected Rs 25,000 crore, achieving only 74.86% of the target.

Also Read: BEL Share Price Declines As Company Misses FY25 Order Inflow Guidance

Stock Market Live: Nifty Realty Snaps Two-Day Decline 

The NSE Nifty Realty snapped a two-day decline on Wednesday as Phoenix Ltd., and Macrotech Developers share prices rise. The index rose 2.24% to 843.30. It was trading 2.13% higher at 842.45 as of 10:40 a.m., as compared to 0.46% advance in the NSE Nifty 50 index.

The Nifty Realty was also the top gainer among sectoral indices on Wednesday.

Stock Market Live Update: Tata Motors Shares Fall

Tata Motors shares fell on Wednesday after the company reported flat domestic sales for March 2025 in an exchange filing late Tuesday evening. Tata Motors stock dropped 1.45% in early trade, extending its decline. 

Also Read: Tata Motors Shares Fall Amid US Tariff Concerns, Subdued March Sales

Stock Market Live: CSB Bank Share Price Surges After Robust Business Update

CSB Bank's share price surged by 5.46% on Wednesday following the release of a robust business update for March. The bank reported year-on-year growth in both total deposits and gross advances, which has bolstered investor confidence and driven the stock price higher.

Stock Market Today: Paras Defence In Partnership With MicroCon Vision

Paras Defence and Space Technologies has signed a memorandum of understanding with MicroCon Vision, making them the exclusive partners in India for Micro ISR (Intelligence, Surveillance, and Reconnaissance) payloads, the company said in an exchange filing.

JPMorgan Cuts IT Firms' Target Prices Amid Soft Growth Outlook

JPMorgan has issued a revised outlook for India's IT sector, cutting target prices for several leading firms including Tata Consultancy Services Ltd., Infosys Ltd., HCL Technologies Ltd., Wipro Ltd., LTIMindtree Ltd., Mphasis Ltd., Coforge Ltd., Persistent Systems Ltd., KPIT Technologies Ltd., Tata Elxsi Ltd., and Tata Technologies Ltd. The brokerage anticipates a challenging year ahead, with fiscal 2026 guidance expected to reflect continued modest growth.

Also Read: Infosys To LTIMindtree: JPMorgan Cuts IT Firms' Target Prices Amid Soft Growth Outlook

Stock Market Live: V-Mart Shares Climb 7%

V-Mart Retail Ltd.'s share price increased by nearly 7% on Wednesday following the release of strong business updates for the fourth quarter of fiscal 2025. The scrip rose as much as 6.94% to Rs 3,157.90 apiece, the highest level since Feb. 20.

Also Read: V-Mart Shares Climb 7% On Strong Q4 Updates Driven By Store Expansion

Stock Market Live Updates Today: BofA On Nestle India 

  • Downgrade to Underperform from Neutral;

  • Cut target price to Rs 2,140 from Rs 2,315

  • Modest business trends and rich stock valuation

  • Subdued growth, cost push & competition impact business

  • Strategy refresh under a new leadership needs to be seen

  • Portfolio rejig essential for mid-to-long term

Stock Market Live Update: Most Sectors Trade In Red At Open 

On NSE, nine sectoral indices were trading in red, six in green out of 12. The NSE Nifty Defence declined the most, and the NSE Nifty IT rose the most.

Stock Market Today: HDFC Bank & ICICI Bank Share Price Contributes Most 

HDFC Bank Ltd., Infosys Ltd., and ICICI Bank Ltd. added to the Nifty 50 index.

Hindustan Unilever Ltd., Bharat Electronics Ltd., and Nestle India Ltd. weighed on the Nifty 50 index.

Stock Market Live Update Today: Nifty, Sensex Rebound At Open As HDFC Bank, ICICI Bank Share Prices Lead

The Nifty 50 and Sensex snapped two-day losing streak at open tracking gains in private bank stocks. HDFC Bank Ltd. and ICICI Bank Ltd. share prices contributed the most to the benchmark index.

As of 9:20 a.m., the Nifty 50 was trading 26.70 points or 0.12% higher at 23,192.40, and the Sensex was trading 167.14 points or 0.22% higher at 76,191.65.

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

At pre-open, the NSE Nifty 50 was trading 0.12% higher at 23,192.60, and the BSE Sensex was trading 0.15% higher at 76,138.48.

Yield On The 10-Year Bond Falls

The yield on the 10-year bond opened 3 basis points lower at 6.55%. It closed at 6.58% on Friday

Source: Bloomberg

Rupee Opens Weaker Against US Dollar 

Rupee weakened 23 paise to open at 85.69 against US dollar. It ended at 85.46 a dollar on Friday

Source: Bloomberg

Also Read: Rupee Ends Lower Against US Dollar Ahead Of Trump Tariff Speech

Reliance Partners with Blast to Launch Esports Venture in India

Reliance has entered into a joint venture with Blast, a global esports company, to foray into India's rapidly growing esports market. This strategic partnership aims to promote and develop esports in India, leveraging Blast's expertise and Reliance's resources.

Stock Market Live Update: Shree Cement Receives Rs 160 Crore Draft Assessment Order for FY21-22

The company has received a draft assessment order from the Assistant Commissioner of Income Tax, Ajmer, demanding Rs 160 crore for the financial year 2021-22.

Gold Prices Trading Shy Of Record High

Gold prices were trading shy of record high Wednesday morning as market participants await the implementation of reciprocal tariffs. The Bloomberg spot gold was trading 0.58% higher at $3,131.33 an ounce as of 8:12 a.m.

Also Read: Gold Surges Rs 2,000 To All-Time Peak, Reaching Rs 94,150 Per 10 Gram

Stock Market Live: R Systems International Signs Pact with Promoter BCP Asia and Velotio OCRPS Holders

R System has entered into an agreement with its promoter, BCP Asia, and holders of Velotio Optionally Convertible Redeemable Preference Shares. The pact aims to determine the number of R Systems International OCRPS to be allotted to Velotio OCRPS holders.

Asia Market Update: Trade Mixed; Traders Focus On US Tariff Announcement

Asia-Pacific Markets were trading on a mixed note with shallow movement Wednesday morning as traders focused on development on tariff front. US President Donald Trump will announce reciprocal tariff and other levies from Wednesday. These policies will come into effect immediately after the announcement.

As of 7:44 a.m., the Nikkei 225 and Hang Seng were trading 0.11% and 0.23% down, respectively. The S&P ASX 200 was 0.16% higher.

Also Read: S&P 500 Falls 2% In Late Trading On Trump Tariffs: Markets Wrap

US Market Update: Most Share Indices End Higher As Rise In Technology Shares Support 

Most share indices erased losses to end Tuesday on a positive note tracking gains in technology companies' share. Uncertainty over how'll reciprocal tariff policies play out continued to weigh on investors' sentiment.

The S&P 500 and Nasdaq Composite ended 0.38% and 0.87% higher, respectively. The Dow Jones Industrial Average ended 0.03% down.

Also Read: US Stocks Get Late Boost From Tech As Tariffs Loom: Markets Wrap

GIFT Nifty Near 23,300; SJVN, JSW Energy, Dabur India Share Prices In Focus

The GIFT Nifty was trading near 23,300 in early trade on Wednesday. SJVN Ltd., JSW Energy Ltd., and Dabur India Ltd. were in focus during the news flow overnight.

The GIFT Nifty was trading 0.15% or 34.50 points higher at 23,320.00 as of 7:08 a.m.

On Tuesday, the benchmark equity indices closed lower for the second consecutive session, weighed down by HDFC Bank Ltd. and ICICI Bank Ltd. The NSE Nifty 50 ended 353.65 points or 1.5% down at 23,165.70, the lowest level since March 20. The BSE Sensex closed 1,390.41 points or 1.80% lower at 76,024.51, the lowest since March 21.

Also Read: Stock Market Highlights: Nifty, Sensex At Over One-Week Low As HDFC Bank Drags

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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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