NDTV Profit Pulse On April 17: Top 8 Stories At 8 P.M. Under 8 Minutes
From Infosys Q4 results to gold futures scaling fresh highs, here are the top news of the day.
Today's top news includes Infosys fourth quarter results, gold prices scaling new highs driven by global cues, developments in the HUL versus Honasa feud, and more.
On the equity markets front, the NSE Nifty 50 closed 414.45 points or 1.77% higher at 23,851.65, while the BSE Sensex ended 1,508.91 points or 1.96% up at 78,553.2. The indices surged over 4.3% in a curtailed week lathered with long weekend holidays.
In the US stock market, Dow Jones declined over 1%, to in early trade near 39,200 level. Nasdaq traded marginally higher near 16,350. The broader index, S&P 500, fell nearly 2.5%, to trade near 5,270.
Here’s a quick roundup of today’s key headlines:
Nifty, Sensex Post Best Week In Four Years
The benchmark equity indices recorded their best week in four years as they closed higher for the third consecutive session on Thursday.
The indices surged over 4.3% in a curtailed week lathered with long weekend holidays.
As compared to the previous day, the NSE Nifty 50 closed 414.45 points or 1.77% higher at 23,851.65, while the BSE Sensex ended 1,508.91 points or 1.96% up at 78,553.2.
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Infosys Q4: Net Profit Rises 3%
Infosys Ltd.'s outlook for fiscal 2026 remains muted as it guides for 0-3% revenue growth, expecting a soft start to the financial year amid uncertainties brought on by the tariff wars.
Net profit rose 3% sequentially to Rs 7,033 crore in the quarter ended March 31, 2025, which is higher than the Rs 6,697-crore estimate shared by analysts tracked by Bloomberg.
Read the full story here.
MCX Gold Prices Scale New Highs
Gold futures continued their climb for the second straight day, hitting a new all-time high of Rs 95,935 per 10 grams on the MCX, climbing by Rs 274 on Thursday, driven by firm spot demand.
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Waqf Case: Centre Says Won't Denotify Properties Till May 5
The Supreme Court recorded the Centre's assurance that neither Waqf properties, including 'Waqf by user', will be denotified nor appointments will be made to the Central Waqf Council and boards till May 5.
Here are the details
HUL Vs Honasa: Delhi High Court Calls For A Takedown
The Delhi High Court directed Hindustan Unilever Ltd., which owns the Lakmé brand, to modify its sunscreen advertisement that allegedly disparages Honasa Consumer Ltd.'s Derma Co. product.
As part of the modifications, the FMCG giant has been directed to take down online ads within 24 hours and remove hoardings within 48 hours.
Click here to read more.
ECB Cuts Interest Rates Again
The European Central Bank lowered interest rates for the seventh time since last June as global trade tensions threaten to derail the region’s economic recovery. The deposit rate was decreased by a quarter-point to 2.25%, as predicted by almost all analysts polled by Bloomberg. Officials dropped the word “restrictive” from their statement in relation to the monetary-policy stance but stressed the headwinds Europe faces.
Read more here
IndusInd Bank Relieves Arun Khurana From CFO Role
IndusInd Bank Ltd.'s board has approved relieving Arun Khurana from the additional responsibility of chief financial officer with effect from the close of business hours on Thursday, according to an exchange filing.
This change comes amid the private lender being under regulatory lens for discrepancies in its derivative portfolio.
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Trump Says Negotiators Made “Big Progress” With Japan
US President Donald Trump said negotiators made “big progress” in trade talks with Japanese representatives seeking exemptions from the levies slapped on US trading partners.
“A Great Honor to have just met with the Japanese Delegation on Trade. Big Progress!” Trump posted Wednesday on his social media site following the meeting.
Here are the details
