Stock Market Crash News Highlights: Nifty Wipes Out Most Of Friday's Gain Amid F&O Expiry, Sensex Drops Over 700 Points

• Nifty 50 ended lower by over 0.5% and closed below the 23,900 mark.

• Eicher Motors and Maruti Suzuki were the top losers in the index, both falling more than 4.5%.

• Broader markets outperformed the benchmark, with MidCap 150 down over 0.5% and SmallCap 250 lower by more than 0.3%.

• All major sectoral indices ended in the red, led by Nifty Auto, which fell over 2%.

• Nifty IT, Oil and Gas, and FMCG declined more than 1%.

• Nifty MidCap 150 and SmallCap 250 snapped five-session gaining streaks.

• NSE Nifty 50 wiped out most of Friday’s gains amid F&O expiry and weak global cues after the US blockade announcement in the Strait of Hormuz.

• The index fell nearly 1% to close above 23,800, after ending at 24,050.60 on Friday.

• BSE Sensex declined more than 700 points, or 0.97%, to close near 77,000.

• Crude prices jumped sharply, with US WTI futures rising more than 7% to $103.66 a barrel.

• Brent crude advanced 7.2% to $102.05 a barrel.

• The move takes both key benchmarks above the $100 mark.

• US stock futures pared early losses after an initial sell-off triggered by the US blockade announcement in the Strait of Hormuz.

• Dow futures were down 256 points, or 0.5%.

• S&P 500 futures fell 0.55%, while Nasdaq 100 futures declined 0.6%.

• Olectra Greentech said it is optimistic about the proposed Delhi EV policy.

• The company said commercial vehicles have a large share in air pollution, supporting faster electrification.

• It added that electrification of school buses could benefit the company.

• Olectra said the shift to electric school buses can also help schools lower operating costs.

• Fresh put additions were highest at 23,800, making it the key immediate support for Nifty.

• Put build-up was also visible at 23,600, 23,700 and 24,000 levels.

• Fresh call additions were strongest at 23,900, signalling near-term resistance.

• Additional call writing was seen at 24,000 and higher strikes, marking further upside hurdles.

• Fresh put additions were strongest at 55,000, signalling key support for Bank Nifty.

• Put build-up was also visible at 54,600, 54,800 and 55,200 levels.

• Call writing remained highest at 56,000, indicating immediate resistance.

• Additional call build-up was seen around 55,700 and 56,500, marking higher resistance zones.

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• The government has unlocked over Rs 10,000 crore of assets from BSNL and MTNL under the revival plan.

• Asset realisation is estimated at about Rs 7,000 crore for MTNL and around Rs 3,000 crore for BSNL.

• Monetisation includes land parcels and other non-core assets across India, including Mumbai.

• The proceeds are expected to be used to service MTNL debt and clear bank dues.

• The impact is likely to reflect in balance sheets over the next 30-45 days.

• European markets opened lower, tracking weak global sentiment.

• Spain’s IBEX 35 fell 1.29%, while France’s CAC 40 declined 1.04%.

• Germany’s DAX dropped 1.02% and Italy’s FTSE MIB was down 0.85%.

• The STOXX Europe 600 slipped 0.76%, while the UK’s FTSE 100 fell 0.44%.

• Fresh put additions were strongest at 23,800, indicating this level as immediate support.

• Put build-up was also visible at 23,600 and 23,700, strengthening the lower support zone.

• Call writing remained concentrated at 23,900 and 24,000, pointing to resistance on the upside.

• Highest put open interest stood at 23,800, while call open interest was strongest near 24,000.

• Indian benchmarks recovered from early losses to trade off the day’s low.

• Sensex was down 545 points, or 0.7%, at 77,004, while Nifty fell 0.7% to 23,865.

• Earlier in the session, Nifty had dropped as much as 2% to 23,555 and Sensex fell 2.2% to 75,868.

• Asian markets traded lower, reflecting weak regional sentiment.

• Hang Seng fell 0.9%, while South Korea’s Kospi declined 0.86%.

• Japan’s Nikkei dropped 0.74% and Australia’s ASX 200 slipped 0.39%.

• China’s Shanghai Composite was the outlier, rising 0.06%.

• Achieves highest-ever quarterly sales value.
• Q4 sales of Rs. 3,547 crore, up 190% YoY.
• Achieves highest-ever annual sales value.
• FY26 sales of Rs. 7,407 crore, up 55% YoY.
• Q4 collections at Rs. 1,213 crore, up 36% YoY.
• Achieves higher-ever annual customer collections from real-estate biz.
• FY26 collections at Rs. 4,258 crore, up 15% YoY.
• Avg realization increase by 21% in FY26.
• Continues to strengthen growth pipeline.
• Adds Rs. 15,200 crore estimated GDV during the FY.
• Launches new projects in Bengaluru, Mumbai, Kochi & Pune.
• Plans to unveil 30 projects in the next 24 months.
• Plans to focus on South India & Mumbai.
• Planned pipeline of estimated GDV of Rs. 55,000 crore.

• Aluminium rose to a four-year high in London after the US blockade of Iranian ports raised supply concerns.

• The Middle East accounts for about 9% of global aluminium output, keeping the market focused on potential disruptions.

• Elevated prices are weighing on demand in China, where inventories have climbed to the highest level since 2020.

• ASEAN foreign ministers called for the restoration of safe passage through the Strait of Hormuz.

• The bloc also sought full and effective implementation of the ceasefire in the Middle East.

• ASEAN urged the US and Iran to continue talks aimed at ending the conflict.

• Iran’s armed forces said no port in the Persian Gulf or Gulf of Oman would remain secure if Iranian ports are threatened, signalling a sharper response to the US blockade move.
• It also said vessels linked to enemy nations would not be allowed through the Strait of Hormuz and called US restrictions on ship movements illegal and an act of piracy. 

Source: Bloomberg

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• Long build-up was seen in Adani Enterprises and Tata Power, indicating fresh bullish positions.

• HDFC Life Insurance and JSW Energy saw short covering.

• Samvardhana Motherson International and State Bank of India witnessed long unwinding.

• Fresh short build-up was seen in Eicher Motors and Bank of India, signalling new bearish bets.

• Average daily domestic air traffic fell 5% month-on-month in the first 10 days of April.

• Passenger traffic averaged 4.5 lakh per day, compared with 4.73 lakh in March.

• Airline stocks, including IndiGo, may be in focus on softer traffic trends.

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• Two supertankers carrying Iranian crude have anchored off Indian ports, marking the first such cargo arrivals in nearly seven years.

• One vessel is anchored near Sikka on the west coast, while another is near Paradip on the east coast.

• Each tanker is carrying about 2 million barrels of Iranian crude.

• The development comes after the US announced a blockade targeting Iranian shipments following failed peace talks.

• Markets will watch whether the move affects existing waivers and future crude purchases.

Source: Bloomberg

• Protests by factory workers demanding higher wages turned violent in parts of Noida.

• Police reported arson, vandalism and stone-pelting in Phase-2 and Sector 60 areas.

• A vehicle was set on fire and property was damaged during the unrest.

• Traffic movement was affected, causing disruption for commuters in nearby areas.

Source: PTI

• A case has been registered against five officials of Anand Rathi Wealth after a woman employee alleged sexual harassment and intimidation.

• The complaint said one executive harassed and followed her, while others did not act on her grievance.

• She also alleged she was transferred to Dubai against her wishes after raising the issue.

• The company said she was advised to file the complaint through the internal POSH committee, but she approached the police.

• No arrests have been made and the investigation is continuing.

Source: Pune Mirror

 

The USFDA has issued a 'voluntary action indicated' status for Piramal Pharma's Lexington unit after inspection.

Source: Exchange Filing

• Nifty futures fell 1.63% and Bank Nifty futures declined 2.08%, reflecting pressure in the broader market.

• Open interest increased in both indices, indicating active positioning during the decline.

• HDFC Bank, ICICI Bank, Infosys, TCS and Kotak Mahindra Bank saw open interest additions.

• SBI and Bharti Airtel saw open interest reduction, signalling some position unwinding.

• Futures data points to selective stock-specific activity amid broader market weakness.

Donald Trump said the United States will blockade ships entering or exiting Iranian ports from April 13 at 10:00 a.m. ET.

• Bajaj Auto saw the highest fresh short build-up in futures trade.

• Union Bank, Bank of India and PFC were also among stocks witnessing new bearish positions.

• National Aluminium, Coal India and KEI Industries featured among other names with rising short positions.

• JSW Energy, HDFC Life and Voltas were among key stocks witnessing short covering in futures trade.

• MCX, Supreme Industries and Torrent Pharma also saw positions unwind on the short side.

• Fresh put additions were strongest at 23,500 and 23,600, indicating support around these levels.

• Call writing was concentrated at 23,700 to 24,000, pointing to resistance on any rebound.

• Highest put open interest stood near 23,500 and 23,600, while call base remained strong at 24,000 and above.

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• Market participants are advising caution after the US blockade move in the Strait of Hormuz lifted uncertainty and pushed crude above $100 a barrel.

• Defensive positioning is shifting towards pharma and IT as near-term shelters amid volatility.

• Some investors have also increased cash holdings to navigate market swings.

• Experts said the duration of uncertainty, rather than short-term price moves, will be key for markets.

• They added that domestic cyclical sectors may see stronger recoveries once conditions stabilise.

Read more here.

• The government has proposed a softer glide path for fuel efficiency norms under the draft CAFE 2027 framework, with implementation from April 2027.

• The revised emission curve allows slightly higher fuel consumption than the earlier September 2025 draft.

• The framework retains phased tightening of norms through FY32.

• EV and hybrid credits can be used to offset penalties, with trading between companies also permitted.

• Higher-emission vehicles may face financial penalties under the proposal.

• Companies selling fewer than 1,000 units may be exempt from compliance norms.

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• Enviro Infra Engineers rose for a second straight session and gained as much as 14.7% to Rs 198.65.

• Trading volume was 12 times the 20-day average.

• The relative strength index stood at 73, indicating overbought conditions.

• Ola Electric shares fell as much as 7% to Rs 37.96, ending a three-day gaining streak.

• Trading volume was nearly four times the 20-day average.

• The stock had risen 32% in the last five days and 67% over the past 30 days.

• The relative strength index was above 70, indicating the stock had entered overbought territory.

• HDFC Bank was the biggest drag on Nifty, followed by Reliance Industries and ICICI Bank.

• SBI and Infosys were also among the top contributors to the index decline.

• Financial heavyweights led the downside pressure on the benchmark.

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Nifty fell as much as 2% to 23,555
Sensex fell as much as 2.2% or 1,681 points to 75,868

• The Indian rupee opened weaker against the US dollar.

• The local currency fell as much as 60 paise to 93.33 in early trade.

• The move comes amid pressure from higher crude prices and weak global risk sentiment.

• Nifty slipped below 23,300 in pre-open trade, indicating a sharp weak start for markets.

• Sensex fell nearly 1,900 points in early indications.

• The move signals broad pressure at the open amid weak global cues.

• Morgan Stanley said Delhi’s draft EV Policy 2026–2030 offers strong demand incentives for two-wheelers, three-wheelers and small commercial vehicles.

• The policy proposes timelines to phase out ICE two-wheelers and three-wheelers in the city.

• The brokerage said this could be negative for legacy auto makers if other cities adopt a similar model.

• It said implementation may be challenging if buyers shift purchases to NCR markets.

• Electric cars priced up to Rs 30 lakh may get road tax and registration fee waivers, while strong hybrids may receive a 50% waiver.

• Nomura said the latest CAFE 2027 draft signals a clear policy shift towards faster electric vehicle adoption.

• It said the revised framework balances stakeholder interests and keeps FY28 EV targets achievable.

• The brokerage said the changes are particularly positive for Mahindra & Mahindra and Hyundai.

• It said both companies may find it easier to meet norms without changing product plans to launch hybrids.

• Maruti Suzuki and Toyota may need to reassess the viability of hybrid launches under the new framework.

• Macquarie maintained its outperform rating on Adani Ports and raised the target price to Rs 1,860 from Rs 1,760.

• The brokerage cited resilient domestic volumes and continued international scale-up.

• It raised FY27 and FY28 volume and earnings estimates, driven by NQXT consolidation.

• It said near-term volume disruption may be offset by growth drivers including higher transshipment and stronger coal volumes.

• Analysts see Nifty strength continuing after last week’s sharp rally, with 24,300 and 24,700 marked as key resistance levels.

• A move above 24,100 is seen as the trigger for further upside.

• Immediate support is placed at 23,450–23,100 if markets consolidate.

• Bank Nifty is also seen in a bullish setup, with upside levels at 57,300 and 58,000 above 56,300.

• Support for Bank Nifty is seen at 53,000–54,000.

• ICICI Securities initiated coverage on Sumitomo Chemical India with a buy rating and target price of Rs 515.

• It cited parent backing, product pipeline and expansion plans as key growth drivers.

• The brokerage said proprietary technology access and differentiated products support its market position.

• It highlighted return on capital employed above 18% and low leverage.

• It also expects growth from planned capacity expansion and new product launches in FY26.

• Adani Green will be in focus after FY26 operational capacity reached 19.3 GW, up 35% YoY.

• ONGC and Oil India may react after Brent crude rose following failed ceasefire talks.

• RBL Bank plans to issue 90.95 crore equity shares to Emirates NBD at Rs 280 per share.

• Tata Power and EV-linked stocks may see action on the New Delhi EV policy draft.

• Garware Hi-Tech and Arvind are in focus after textile PLI clearance.

• Himadri Specialty and Neogen Chemicals may track plans for a lithium processing support scheme.

• Enviro Infra, Advait Energy, Zaggle, Panacea Biotech and Texmaco are in focus on order wins.

• Swiggy will be watched after co-founder Nandan Reddy stepped down.

• Maruti Suzuki, Bosch and Subros may react to Haryana’s minimum wage increase.

• Fertiliser stocks may remain under pressure after reports China may ban sulphuric acid exports.

• HDFC Bank, ICICI Bank, CRISIL and Swaraj Engines are among companies expected to announce dividends with March quarter results this week.

• Swaraj Engines has the highest projected payout at Rs 109.2 per share, followed by CRISIL at Rs 74.8 and HDFC AMC at Rs 54.68, based on Bloomberg estimates.

• HDFC Bank may announce Rs 13.43 per share, while ICICI Lombard is seen at Rs 14.34.

• Muthoot Finance is the key ex-dividend stock this week, with shares turning ex-dividend on April 17. The company has announced an interim dividend of Rs 30 per share for FY26.

Read more here.

• Indian markets are set for a weaker start after oil jumped above $100 following failed US-Iran talks and a US blockade move in the Strait of Hormuz.

• Asian markets opened lower, while rising global bond yields added to pressure on equities.

• A weaker rupee opening is expected as higher crude prices may weigh on sentiment.

• Foreign investors were buyers in the cash market after 27 sessions, while short positions in index futures eased to 78% from 80%.

• Nifty weekly expiry may add volatility today.

• Markets will remain shut tomorrow for Ambedkar Jayanti.

• ICICI Securities initiated coverage on Sumitomo Chemical India with a buy rating and target price of Rs 515.

• The brokerage cited parent support, product pipeline and expansion plans as key growth drivers.

• It said access to proprietary technology and differentiated products strengthens the company’s position in the agrochemical market.

• The brokerage highlighted return on capital employed above 18% and low leverage.

• It added that the company plans up to Rs 400 crore of expansion spending and expects new product launches in FY26.

• HSBC initiated coverage on Acme Solar with a buy rating and target price of Rs 350.

• It also started Clean Max with a buy rating and target price of Rs 1,150.

• The brokerage said renewable energy is nearing a new growth phase, with execution now more important than access to capital.

• It expects Acme Solar’s contracted capacity to support earnings visibility and sees EBITDA CAGR of 72% over FY26–28.

• For Clean Max, it expects strong demand as companies shift to lower-cost green power and sees EBITDA CAGR of 60% over FY26–28.

• Consumer durable companies are facing higher costs as the West Asia conflict lifts crude, metal and logistics risks, while a weaker rupee raises import costs.

• Copper and aluminium prices are up 35% and 29% YoY, while HDPE prices rose 46% in March.

• New energy efficiency norms are adding further pressure on production costs.

• Companies have raised prices across categories, with room air conditioners up 5–15%, fans about 5%, and refrigerators and washing machines up 3–5%.

• Blue Star, Voltas, LG Electronics, Hitachi, Crompton Greaves Consumer and Whirlpool are among companies in focus.

• The full impact on volumes and margins may be visible from Q1FY27 after existing inventory is exhausted.

• India’s March CPI inflation data will be tracked for cues on prices and interest rate outlook.

• IMD’s monsoon forecast is due, a key trigger for agriculture, rural demand and inflation-sensitive sectors. Private forecaster Skymet has projected below-normal rainfall.

• Q4 earnings due from ICICI Prudential Asset Management, Swaraj Engines and Just Dial.

• NSE will start trading in dated Brent crude oil (Platts) futures contracts.

• OPEC monthly report will be watched for supply and demand signals.

• US home sales data is due later in the day.

• US-Iran talks in Pakistan ended after 21 hours without an agreement, with the main deadlock centred on US demands for an explicit Iranian commitment against pursuing nuclear weapons.
• After the talks collapsed, Donald Trump said the US would begin a blockade targeting maritime traffic linked to Iranian ports, while saying non-Iranian shipping would not be impeded.
• Iran said the talks failed because of shifting US demands and warned against military moves in the Strait of Hormuz, keeping geopolitical and oil market risks in focus.

Source: Reuters, Al Jazeera and Associated Press

Donald Trump said the US will blockade the Strait of Hormuz after talks with Iran ended without a resolution.

He also said the US Navy would seek and interdict vessels linked to Iranian trade, signalling further escalation in the region.

• The S&P 500 fell 0.11% on Friday to end at 6,816.89.

• The Dow Jones Industrial Average declined 269.23 points, or 0.56%, to close at 47,916.57.

• The Nasdaq Composite rose 0.35% to 22,902.89, helped by gains in semiconductor stocks such as Nvidia and Broadcom.

• Australia’s ASX 200 slipped 0.41%.
• Hong Kong’s Hang Seng fell 0.71%, while Japan’s Nikkei 225 declined 0.74%.
• South Korea’s Kospi dropped 0.90%, while China’s Shanghai Composite was flat.

• US crude futures for May surged nearly 8% to $104.20 a barrel.
• Brent crude for June rose 7% to $101.86.
• Prices climbed after reports that the US Navy is preparing to block Iran’s ports following failed peace talks.

• GIFT Nifty traded at 23,784 in early trade.
• This compares with the Nifty 50’s previous close of 24,050.60.