Stock Market Today: Sensex Ends Over 200 Points Lower, Nifty Falls For Second Day As ITC Drags

The Nifty 50 and Sensex declined for second day in a row as ITC Ltd. dragged.

(Photo: Freepik) 

Broader markets ended on a mixed note.
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NDTV Profit Exclusive: FICCI Pitches For Ease Of Norms For Listed Cos & Other Capital Market Participants

  • Suggested ease in listing obligations and disclosure norms

  • Relaxations and changes sought to takeover norms and delisting conditions

  • Other focus areas include changes to promoter lock in requirements for listed companies

  • Suggested rationalising timelines for regulatory approvals

  • Relaxations in Prohibition of Insider Trading norms also pitched

Sources to NDTV Profit

Also Read: FICCI Recommends Easing Of Capital Market Norms To SEBI, Sources Say

Market At Close: Nifty, Sensex Decline For Second Session 

  • Nifty, Sensex fall 0.3% for the day.

  • Nifty, sensex fall for the second consecutive day

  • Nifty Midcap 150 snaps 3 day gaining streak

  • Nifty smallcap 250 gains for the 4th day in a row.

  • ITC and IndusInd Bank are the top loser in Nifty.

  • Nifty Midcap 150 closes flat for the day.

  • GLaxosmithline Pharma and Hitachi Energy are the top gainers for the Nifty Midcap 150.

  • Nifty smallCap 250 jumps 0.3% for the day, led by IFCI and Techno Electric

  • Nifty FMCG top losing sector fall by 1.6% for the day, drag by ITC and Procter and Gamble.

  • Nifty PSU Bank jumps for the fourth day in a row.

  • Nifty IT, Oil and Gas, Metal, FMCG fall for the second day in a row.

  • Nifty Realty snaps three day gaining streak.

  • Nifty Pharma snaps two day gaining streak.

Rupee Closes Weaker Against US Dollar

  • Rupee closed 3 paise weaker at 85.37 against US Dollar

  • It closed at 85.34 a dollar on Tuesday.

Source: Bloomberg

SEBI Approves Hero Fincorp's IPO

The Securities Exchange Board of India approved Hero Fincorp's initial public offer.

Stock Market Live: Juniper Hotels Jumps Over 7%

Juniper Hotels Ltd. share price jumped over 7% after its consolidated net profit rose 17.5% on the year to Rs 55 crore during January–March quarter.

Stock Market Today: 3M India Share Price Falls Post Q4 Results; Announces Special Dividend Of Rs 535 Per Share

3M India Ltd. share price declined 5.22% to Rs 28,470 apiece after the company reported 58.7% decline in net profit during January–March quarter.

3M Q4FY25 Highlights (Consolidated, YoY)

  • Revenue up 9.5% to Rs 1,198.23 crore versus Rs 1,094.54 crore.

  • Ebitda up 6% to Rs 226.72 crore versus Rs 214.36 crore.

  • Margins at 18.9% versus 19.6%.

  • Net profit down 59% to Rs 71.37 crore versus Rs 172.85 crore.

  • Recommends final dividend of Rs 160 per share and special dividend of Rs 535 per share.

Stock Market Live: Suprajit Engineering Share Price Falls As Q4 Net Profit Declines 

Suprajit Engineering Q4FY25 Highlights (Consolidated, YoY)

  • Revenue up 12% to Rs 877 crore versus Rs 783 crore.

  • Ebitda down 8% to Rs 87 crore versus Rs 94.4 crore.

  • Margins at 9.9% versus 12%.

  • Net profit down 54% to Rs 27.2 crore versus Rs 59.2 crore.

  • To pay a dividend of Rs 1.75 per share.

Track live updates on Q4 earnings here.

European Market Update: Most Share Indices Rise 

Most markets in Eurozone was trading higher as traders rejoiced the easing tension between the bloc and the US. The Euro Stoxx 50 and FTSE 100 were trading 0.05% and 0.21% higher, respectively as of 2:04 p.m.

Stock Market Live Update: Oil India Becomes Preferred Bidder For Potash Exploration

Oil India Ltd. has become a preferred bidder for Potash exploration block in Rajasthan, the company said in an exchange filing.

Stock Market Live Update: Shree Cement Gets Income Tax Assessment Order Worth Rs 589 Crore 

Shree Cement Ltd. received an income tax assessment order worth Rs 589 crore from Ajmer Tax Authority, the company said in an exchange filing.

Stock Market Live Update: Coal India Wins Bid

Coal India has emerged as the preferred bidder for a graphite and vanadium block in Chhattisgarh.

(Source: Exchange Filing)

Federal Bank Share Price Update: Large Trade In Stock

Over 3.59 million shares of Federal Bank were traded via a block deal on Wednesday. The share of Federal Bank fell as much as 0.91% to Rs 200.64 apiece.

Stock Market Live: LIC Sees Highest Volume Traded In Over One Year

LIC sees highest volume traded since Feb. 9, 2024 as1.72 crore shares traded on NSE at 7.7% of free float shares available to be traded.

Stock Market Live: Hindustan Zinc Declares Preferred Bidder In Rajasthan & Uttar Pradesh

Hindustan Zinc declared a preferred bidder for mineral blocks in Rajasthan and Uttar Pradesh, the company said in exchange filing.

Stock Market Today: Ather Energy In MoU With Korea's Infineon Technologies 

Ather Energy Ltd. has signed a Memorandum of Understanding with Infineon Technologies from Korea to drive innovation in India's electric vehicle industry. This collaboration aims to enhance charging infrastructure and advance semiconductor technology, crucial for the growth and efficiency of EVs in India.

Stock Market Live Update: Zydus Lifesciences Gets US FDA's Fast Track Designation For Usnoflast

Zydus Lifesciences Ltd. received US Food And Drug Administration's fast track designation for Usnoflast. The drug is used to treat neurodegenerative disease, the exchange filing said.

Stock Market Live: SEPC's UAE Arm Gets Contract Worth Rs 75.6 Crore

SEPC Ltd.'s wholly-owned subsidiary SEPC FZE, Sharjah received an order from Lauren Engineers & Constructors INC. The order is estimated to be around Rs 75.6 crore, the company said in an exchange filing.

Also Read: SEPC Share Price Hits Two-Month High As UAE Arm Wins Rs 75.6-Crore Order

Stock Market Live: BASF India Introduces Crop Protection Solutions 

BASF India Ltd. introduced a global crop protection solutions for companies that offer agricultural solutions business, according to an exchange filing.

Stock Market Live: Bharat Dynamics Share Price Dips

Bharat Dynamics Ltd. saw its share price drop over 6% after its fourth quarter net profit fell and margins contracted.

Net profit of the company fell by 6%, amounting to Rs 272.77 crore, against Rs 288.77 crore.

Stock Market Today: Belrise Industries Debuts At 11% Premium Over Issue Price On Dalal Street

Shares of Belrise Industries Ltd. debuted on the National Stock Exchange at Rs 100 apiece, a premium of 11.11% over the issue price of Rs 90. Share price on BSE debuted at Rs 98.50, a premium of 9.44%.

Read the full article here.

Stock Market Live: NMDC Share Price Falls After Q4 Profit Decline

NMDC Ltd.'s share price fell over 2% following the announcement of its Q4 FY25 results. The company's consolidated net profit fell by 21.8%, amounting to Rs 1,483.18 crore, compared to Rs 1,896.66 crore in the same period last year.

The scrip fell as much as 2.87% to Rs 70.65 apiece.

Stock Market Today: LIC Share Price Gains After Mixed Q4 Results

Following a mixed set of fourth-quarter results, Life Insurance Corp. of India saw its share price inch 4.29% higher.

The company reported a 3.2% decline in net premium income, which stood at Rs 1.48 lakh crore, compared to Rs 1.53 lakh crore in the same period last year.

Also Read: LIC Share Price Gains After Mixed Q4 Results

Sectoral Performance At Open: Nifty IT Leads Gains 

On NSE, eight sectoral index declined, four advanced, and three remained flat out of 15. The NSE Nifty index was leading gains, and the NSE Nifty FMCG index was leading losses.

Also Read: Nifty IT Top Gainer As Infosys, TCS Shares Lead; Nvidia Quarterly Results Awaited

Nifty Contributors: Infosys, Airtel, Jio Financial Support

Infosys Ltd., Bharti Airtel Ltd., Jio Financial Services Ltd., Tata Consultancy Services Ltd., and Bajaj Finance Ltd. added to the Nifty 50 index.

ITC Ltd., Reliance Industries Ltd., ICICI Bank Ltd., Mahindra & Mahindra Ltd., and Titan Co. Ltd. added to the Nifty 50 index.

Stock Market Live: ITC Share Price Falls To Near Two-Month Low Post Block Deals 

ITC Ltd.'s share price fell in Wednesday's trade following reports that British American Tobacco, its largest investor, planned to reduce its stake in the Indian conglomerate through block deals. BAT, as of March 31, 2025, held 20.31% of ITC through its local subsidiary, Tobacco Manufacturers (India) Ltd.

The share price declined 4.82% to Rs 413 apiece, the lowest level since April 9.

In six block deals on National Stock Exchanges, ITC's 32.74 crore shares or 0.03% of its total equity changed hands.

Also Read: ITC Share Price Falls To 50-Day Low After BAT Block Deal — Should You Buy, Sell Or Hold?

Stock Market Today: Nifty, Sensex Start Day On Lackluster Note 

The NSE Nifty 50 and BSE Sensex started the day on a muted note ignoring gains on global markets as ITC Ltd. share price weighed. As of 9:19 a.m., the Nifty 50 and Sensex were trading 0.03% and 0.10% down, respectively.

Stock Market Today: Nifty, Sensex Flat At Pre-Open 

At pre-open, the NSE Nifty 50 was trading 0.02% or 6.30 points higher at 24,832.50, and the BSE Sensex was trading 0.12% down at 81,457.61.

AYield On The 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat 6.25%

Source: Bloomberg

Rupee Opens Weaker Against US Dollar

  • Rupee opened 28 paise weaker at 85.62 against US Dollar

  • It closed at 85.34 a dollar on Tuesday.

Source: Bloomberg

Stock Market Live: Info Edge Billings Growth And Ad Spends Drive Market Share Gains

Info Edge Ltd. reported growth in billings and increased advertising and promotion spends in the fourth quarter of fiscal 2025.

The company's Ebitda missed estimates by 13%, compared to Citi's projections, primarily due to higher advertising spending, across its recruitment and property segments.

Read the full article here.

Stock Market Live: IT Stocks In Focus Ahead Of Nvidia Corp Earning 

Indian IT stocks may see movement as traders await for earnings and guidance from Nvidia Corp.

"Expect positive for IT stocks ahead of US listed Nvida to announce quarterly results today and surging Infosys and Wipro ADR," Reliance Securities said.

Stock Market Live: Emkay On LIC 

  • Emkay Global retained 'Add' rating on Life Insurance Corp and target price of Rs 1,100 apiece.

  • Life Insurance Corp's Q4FY25 performance is in-line

  • Healthy VNB margin at 18.75% (Emkay: 17.9%)

  • APE at Rs188.5 billion declined 11% year-on-year albeit broadly in sync with our estimate

  • Non-Par in Individual APE mix increased to ~28% for FY25 vs 18% for FY24

  • Management remains optimistic about APE growth

  • Tweak our FY26-27 estimates which results in a ~1-2% cut in VNB estimate

  • Target Price implies ~FY27E P/EV of 0.7x

Gold Prices Rebound From Two-Day Decline 

Gold prices rebounded from a two-day decline on Wednesday as US consumer confidence rose more than expected and trade tensions eased.

The Bloomberg spot Gold was trading 0.28% higher at $3,310.10 an ounce as of 8:05 a.m. The gold price settled at $3,300.87 an ounce.

Oil Prices Advance In Asia Session As Traders Await OPEC Meet 

Oil future prices advanced in Asia session as traders look forward to the Organization of Petroleum Exporting Countries and its allies' meeting.

The brent crude was trading 0.50% higher at $63.89 a barrel as of 7:51 a.m.

Also Read: Oil Climbs As Traders Weigh Supply Outlook, Russia Sanctions

Asia Market Update: Share Indices Rise On Trade Optimism

Share indices in Asia-Pacific region advanced taking cues from overnight gains from Wall Street as trade tension eased.

The Nikkei 225 and CSI 300 were trading 0.57% and 0.19% higher, respectively as of 7:33 a.m.

Also Read: US Stocks Fall Before Nvidia’s Results As Yields Rise: Markets Wrap

US Market Update: S&P 500, Nasdaq Composite End Over 2% Higher 

US share indices jumped in Tuesday's session after a long weekend as trade tension between US and Europe eased and consumer confidence rose.

The Dow Jones Industrial Average rose 1.78% at 42,343.65. S&P 500 rose 2.05% at 5,921.54. The Nasdaq Composite rose 2.47% at 19,199.16.

Also Read: US Stocks Jump On Consumer Confidence, Trade Talks: Markets Wrap

GIFT Nifty Implies Tepid Start; ITC, Tata Steel, Vedanta Shares In Focus

The GIFT Nifty was trading 0.07% or 17 points lower at 24,848.00 as of 6:39 a.m., which indicated a lower-to-flat start for the benchmark NSE Nifty 50 index.

Bosch Ltd., EID Parry Ltd., ITC Ltd., NMDC Ltd., Tata Steel Ltd., Vedanta Ltd. share prices are in focus because of fourth-quarter earnings and overnight news flow.

The benchmark equity indices closed lower on Tuesday, reversing its two-day gains amid volatility in domestic markets.

The NSE Nifty 50 closed 174.95 points or 0.70% lower at 24,826.20 and the BSE Sensex ended 624.82 points or 0.76% down at 81,551.63.

Also Read: Stock Market Highlights: Nifty Ends 0.7% Lower, Sensex Plunges 600 Points As Bank Stocks Drag

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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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