Scan to Download
Hello and welcome to our live coverage on stock markets
Indian equity benchmarks fluctuated between gains and losses in the opening trade. The NSE Nifty 50 fell as much as 0.4% to 24,096 before turning higher by 0.1% to 24,224.85. The BSE Sensex dropped as much as 262 points before rising 142 points to 78,130. ITC was the top contributor to Nifty gains, followed by Reliance Industries and NTPC. HDFC Life, ICICI Bank, Wipro and Hindalco were among the top drags on the benchmark.
Meanwhile, crude oil prices declined. The U.S. WTI for May delivery fell 1.45% to $93.32 a barrel. Brent crude for June delivery declined 1.11% to $98.36 a barrel. Elsewhere, Asian markets trade lower. Japan's Nikkei 225 fell 1.02%. Hong Kong's Hang Seng Index declined 0.69%. Australia's ASX 200 lost 0.57%, while South Korea's Kospi slipped 0.41%.
He said demand remains strong in India and global markets, with new orders supporting the order book.
Martoni added that power demand worldwide remains high and the company completed a major acquisition in January.
It said the earnings outlook for India looks good this year, while valuation multiples are moderating.
The firm added that recent market gains in the U.S. have been driven by earnings.
Fresh put open interest build-up was strongest at the 24,200 strike for Nifty weekly options.
The trend suggests traders are watching this level as near-term support.
Put positions were also active at 24,000 and 24,100 strikes.
The move comes ahead of the April 27 deadline for requests for proposal, with several PSUs preparing submissions for stake dilution.
The NSE IPO process remains on track, with the draft papers expected by the end of June, sources said.
The stock opened at Rs 186 on the NSE.
The listing reflects gains of about 3.5% on BSE and 6.3% on NSE.
HDFC Life Q4 FY26 (Cons, YoY)
Wipro Q4 FY26 (Cons, QoQ)
Alok Industries Q4 FY26 (Standalone, YoY)
VST Industries Q4 FY26 (Standalone, YoY)
Waaree Renewable Q4 FY26 (Cons, YoY)
Angel One Q4 FY26 (Cons, QoQ)
Lloyds Metal gained 2.16% and NMDC rose 0.76%, leading advances in the pack.
Nalco fell 1.07%, while Hindustan Zinc, Hindustan Copper and Hindalco were among the other laggards.
The index touched a high of 56,209.30 and a low of 55,841.65.
It remained above the previous close of 56,086.40.
The stock traded 2.52% lower at Rs 204.96 in intraday trade.
It touched a high of Rs 206.45 and a low of Rs 202.50 during the session.
The Nifty Media index was the top gainer, up 1.8%.
The Nifty Metal index was the top loser, down 0.4%.
The identities of buyers and sellers were not immediately known.
The stock may remain in focus as trading begins after Q4 results, buyback announcements.
Sensex and Nifty were last trading little changed.
He said Asia and Europe are bearing the impact of the energy shortage.
Lee also said 10% of the population owns 90% of equity holdings in the U.S.
The CEO said Wipro has a strong pipeline in BFSI and healthcare, while clients in the Middle East remain in wait-and-watch mode amid uncertainty.
He added that the Americas and Europe posted consistent quarter-on-quarter growth, with three of four geographies growing in Q4.
Sandip Agarwal of Sowilo Investment said Wipro could deliver 30% upside over the next two years.
He said the stock looks inexpensive on valuations.
Agarwal added that Wipro has underperformed peers despite better execution.
Indian equities indicated a firm start in pre-open trade. Nifty moved above 24,250, while the Sensex gained more than 300 points.
The Indian rupee strengthened 0.3% to 92.93 against the U.S. dollar.
Indian Railways container volumes fell 7% year-on-year, while truck freight rates remained largely stable.
The brokerage said strong commercial vehicle registrations could support a recovery in road logistics and named Adani Ports and JSW Infra as top picks.
Its preferred overweight picks remain M&M, Maruti Suzuki, TVS Motor and Hero MotoCorp.
The brokerage also revised target prices across the sector, raising targets for TVS Motor, Hero MotoCorp and Maruti, while cutting some others including Ashok Leyland and M&M.
Brokerages said Q4 earnings were supported by strong client trading activity, better order realisation and higher net interest income.
They also highlighted operating leverage from the digital model and traction in wealth management.
Crude oil extended losses on hopes of an Iran deal, while gold was set for a fourth weekly gain.
Foreign investors bought Indian shares for the second straight session, with technical indicators pointing to market consolidation.
DCM Shriram, Firstsource Solutions, Aditya Infotech and Isgec Heavy announced business updates, including a joint venture, product launch and new agreements.
DCB Bank said its board will consider fund raising through debt or QIP on April 24.
Wipro may remain in focus after constant currency growth missed estimates in Q4. HDFC Life is also on watch after pressure on value of new business.
Maruti Suzuki may see attention after halting Ignis production amid lower demand.
The brokerage said the recent correction offers an entry point, while the Iran crisis could support demand and margins.
It also raised FY27 EBITDA estimates by 14% on higher industrial margins and slightly better volumes.
Brokerages said Q4 was soft, with pressure on value of new business growth.
They expect recovery in FY27, supported by margin improvement, valuation comfort and easing regulatory changes.
Citi maintained Neutral with a target price of Rs 2,800.
Brokerages said quarterly results were broadly in line, while steady mutual fund flows and growth in non-mutual fund business remained in focus.
The company announced a Rs 15,000 crore buyback at Rs 250 per share.
Wipro guided for next-quarter constant currency revenue growth between -2% and 0%.
The company announced a Rs 15,000 crore buyback at Rs 250 per share.
Wipro guided for next-quarter constant currency revenue growth between -2% and 0%.
He said talks were close to conclusion and Iran had accepted most proposals under discussion.
Markets may watch further developments in the negotiations for cues on oil prices and global risk sentiment.
Both Boeing 737 aircraft have been grounded following the incident.
The regulator said the concerned air traffic controller and SpiceJet pilots have been taken off roster pending the probe.
The unit will pay $30 million towards final claims under the pact.
The settlement states the company denies all allegations made against it, according to an exchange filing.
The S&P 500 rose 0.26% and the Nasdaq Composite gained 0.36%, with both ending at record highs.
The Dow Jones Industrial Average added 115 points, or 0.24%.
He made the remarks at an event in Las Vegas on Thursday.
Global markets may track further developments in the conflict for cues on risk sentiment and commodity prices.
Hong Kong’s Hang Seng Index declined 0.69%.
Australia’s ASX 200 lost 0.57%, while South Korea’s Kospi slipped 0.41%.
That compares with the Nifty 50 close of 24,196.75 on Thursday.
The reading points to a softer start for the domestic market.
Brent crude for June delivery declined 1.11% to $98.36 a barrel.
Lower oil prices remain in focus for energy-linked and import-dependent sectors.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
