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IMF Meeting Day 2
US: Federal Reserve Governor Philip Jefferson will speak at the Economic Mobility Summit hosted by the central bank — 6:00 p.m.
US: Federal Reserve Bank of Philadelphia President Patrick Harker will speak at the Economic Mobility Summit — 7:00 p.m.
Europe: ECB President Christine Lagarde will speak an interview conducted by CNBC — 7:30 p.m.
Europe: Consumer Confidence — 7:30 p.m.
The Nifty 50 and Sensex rose for six consecutive sessions, marking the best winning-streak in nearly a month.
The Nifty 50 and Sensex ended 0.17% and 0.24% higher, respectively.
HDFC Bank Ltd., ITC Ltd., and Hindustan Unilever Ltd. added to the Nifty 50 index.
Infosys Ltd., Bharti Airtel Ltd., Power Grid Corp of India weighed on the Nifty 50 index.
The NSE Nifty Midcap 150 ended 0.85% higher at 20,003.30
The NSE Nifty Smallcap 250 ended 0.80% higher at 15,878.05
The Nifty 50 and Sensex rose for six consecutive sessions, marking the best winning-streak in nearly a month.
The Nifty 50 and Sensex ended 0.17% and 0.24% higher, respectively.
HDFC Bank Ltd., ITC Ltd., and Hindustan Unilever Ltd. added to the Nifty 50 index.
Infosys Ltd., Bharti Airtel Ltd., Power Grid Corp of India weighed on the Nifty 50 index.
The NSE Nifty Midcap 150 ended 0.85% higher at 20,003.30
The NSE Nifty Smallcap 250 ended 0.80% higher at 15,878.05
Rupee closed 7 paise weaker at 85.20 against US dollar
It closed at 85.13 a dollar on Monday
Source: Bloomberg
Most share indices in the eurozone decline in the first session post Easter break as heavyweight Novo Nordisk plunged on competition concerns, as per agency reports. Eli Lily's, Novo Nordisk's competitor, recent weight loss pill study stoked fears that it will steal market share.
The Euro Stoxx 50 and DAX fell 0.26% and 0.13% down, respectively. The FTSE 100 rose 0.24%.
REC has announced the government's appointment of Jitendra Srivastava as the company's Chairman and Managing Director, marking a new leadership tenure for the organization.
Sammaan Capital collected Rs 15,325 crore in financial year from legacy loan book
It collected Rs 4,235 crore in Q4 from legacy loan book
Source: Exchange Filing
As gold prices touched lifetime high on Tuesday, veteran banker Uday Kotak weighed in on the precious metal's long-term performance—this time, with a nod to the eternal Indian saver, the Indian housewife.
Read the full article here.
Around noon, IndusInd Bank Ltd., Waaree Energies Ltd., Anant Raj Ltd., Tata Steel Ltd., Senco Gold, and BSE Ltd. were trending. Click here to know the reasons.
Jupiter Wagons has announced that its Jabalpur plant has been closed for the past 15-20 days due to unavoidable circumstances, potentially impacting production and operations.
ICICI Securities Partners with Tata Consultancy Services Ltd. to upgrade Its retail trading platform, according to an exchange filing.
The Ramco Cements' board is scheduled to meet on April 25 to discuss and consider raising funds through the issuance of non-convertible securities.
The shares of IndusInd Bank Ltd. fell over 6% on Tuesday on report that the lender will conduct a second audit to probe a Rs 600 crore discrepancy in accrued interest income from its microfinance portfolio.
The shares of IndusInd Bank Ltd. fell over 6% on Tuesday on report that the lender will conduct a second audit to probe a Rs 600 crore discrepancy in accrued interest income from its microfinance portfolio.
The shares of Senco Gold Ltd., Sky Gold Ltd. and Kalyan Jewellers India Ltd. rose on Tuesday as the yellow metal hit a life high amid tensions between US President Donald Trump and Federal Reserve Chair Jerome Powell.
The shares of Senco Gold Ltd., Sky Gold Ltd. and Kalyan Jewellers India Ltd. rose on Tuesday as the yellow metal hit a life high amid tensions between US President Donald Trump and Federal Reserve Chair Jerome Powell.
Shares of BSE Ltd. surged 2% to hit a fresh all-time high on Tuesday, building on strong gains from the previous two sessions. The stock had closed 5.96% higher on Monday, and is now up 6.81% over the past three sessions, backed by heavy volumes.
Shares of BSE Ltd. surged 2% to hit a fresh all-time high on Tuesday, building on strong gains from the previous two sessions. The stock had closed 5.96% higher on Monday, and is now up 6.81% over the past three sessions, backed by heavy volumes.
Petronet LNG has announced the appointment of Saurav Mitra as Chief Financial Officer, bringing new leadership to the company's financial management, according to an exchange filing.
Area sold rose 22.7% at 2.49 lakh square feet
Pre-Sales rose 19.8% at Rs 773 crore
Collections rose 21.8% at Rs 716 crore
Source: Exchange filing
Bajaj Auto Ltd. share price declined as much as 2.09% to Rs 8,075 apiece. The share price declined as Jefferies downgraded the stock to 'Hold' from 'Buy', while it cut target price to Rs 7,500 from Rs 10,550. The current target price implied an 9.9% downside from Monday's closing price.
Bajaj Auto Ltd. share price declined as much as 2.09% to Rs 8,075 apiece. The share price declined as Jefferies downgraded the stock to 'Hold' from 'Buy', while it cut target price to Rs 7,500 from Rs 10,550. The current target price implied an 9.9% downside from Monday's closing price.
RateGain Travel Tech Ltd. has announced that Tunisair, the national airline of Tunisia, has extended its partnership with the company for an additional three years, continuing their collaboration in travel technology solutions.
Among these stocks, Bharti Airtel Ltd., Bajaj Finance Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Kotak Mahindra Bank Ltd., and UPL Ltd. share prices hit life high.
Among these stocks, Bharti Airtel Ltd., Bajaj Finance Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Kotak Mahindra Bank Ltd., and UPL Ltd. share prices hit life high.
Solar manufacturer Waaree Energies Ltd.'s shares jumped 6% on Tuesday, ahead of the company's expected declaration of their financial performance for the quarter ended March 31, 2025.
Solar manufacturer Waaree Energies Ltd.'s shares jumped 6% on Tuesday, ahead of the company's expected declaration of their financial performance for the quarter ended March 31, 2025.
The NSE Nifty Financial Services hit record high as HDFC Bank Ltd., and Kotak Mahindra Bank Ltd. share prices lead. It rose as much as 2.04% to Rs 1,966.4 apiece.
The NSE Nifty Financial Services hit record high as HDFC Bank Ltd., and Kotak Mahindra Bank Ltd. share prices lead. It rose as much as 2.04% to Rs 1,966.4 apiece.
Bajaj Auto: Downgrade to Hold from Buy; cut target price to Rs 7,500 from Rs 10,550
Eicher Motors: Maintain Buy; Hike TP to Rs 6700 from Rs 6,600
Hero MotoCorp: Downgrade to underperform from Buy; cut target price to Rs 3,200 from Rs 5,075
TVS Motor: Maintain Buy; hike target price to Rs 3,225 from Rs 3,050
Cut 2W industry volume growth estimates for FY26-27 by 6ppt/2ppt
Although we still expect a healthy 10% CAGR over FY25-28
Competitive landscape has changed significantly
TVS's market share at 18-year high in domestic 2Ws and a new high in exports
Hero Moto conversely, is at a 20-year low in domestic 2Ws
Cut FY26-27E EPS for Bajaj Auto/Hero Moto by 5-11% and for TVS by 2-3%
The NSE Nifty Metal index rose to the highest level in over two weeks as the Government of India introduced additional duties on steel imports from developed economies, China, and Vietnam. The move came amidst complains from Indian steel companies of dumping from South Korea, China, and Vietnam. The Nifty Metal was the top gainer among sectoral indices on National Stock Exchange Ltd.
The Government of India imposed provisional 12% safeguard duty on key steel products like hot rolled coils. It became effective from April 21 for 200 days.
The NSE Nifty Metal index rose to the highest level in over two weeks as the Government of India introduced additional duties on steel imports from developed economies, China, and Vietnam. The move came amidst complains from Indian steel companies of dumping from South Korea, China, and Vietnam. The Nifty Metal was the top gainer among sectoral indices on National Stock Exchange Ltd.
The Government of India imposed provisional 12% safeguard duty on key steel products like hot rolled coils. It became effective from April 21 for 200 days.
The NSE Nifty Metal index rose to the highest level in over two weeks as the Government of India introduced additional duties on steel imports from developed economies, China, and Vietnam. The move came amidst complains from Indian steel companies of dumping from South Korea, China, and Vietnam. The Nifty Metal was the top gainer among sectoral indices on National Stock Exchange Ltd.
The Government of India imposed provisional 12% safeguard duty on key steel products like hot rolled coils. It became effective from April 21 for 200 days.
The NSE Nifty Metal index rose to the highest level in over two weeks as the Government of India introduced additional duties on steel imports from developed economies, China, and Vietnam. The move came amidst complains from Indian steel companies of dumping from South Korea, China, and Vietnam. The Nifty Metal was the top gainer among sectoral indices on National Stock Exchange Ltd.
The Government of India imposed provisional 12% safeguard duty on key steel products like hot rolled coils. It became effective from April 21 for 200 days.
The NSE Nifty IT snapped a five-day winning streak in Tuesday's session as Infosys Ltd. and Tata Consultancy Services Ltd. weighed. The index was top loser compared to other sectoral indices.
The NSE Nifty IT snapped a five-day winning streak in Tuesday's session as Infosys Ltd. and Tata Consultancy Services Ltd. weighed. The index was top loser compared to other sectoral indices.
On National Stock Exchange Ltd., 13 sectoral indices opened higher, and two declined out of 15. The NSE Nifty Metal rose the most, and the NSE Nifty IT declined the most.
On National Stock Exchange Ltd., 13 sectoral indices opened higher, and two declined out of 15. The NSE Nifty Metal rose the most, and the NSE Nifty IT declined the most.
Infosys Ltd., IndusInd Bank Ltd., ICICI Bank Ltd., Bajaj Auto Ltd., and Larsen & Toubro Ltd. weighed on the Nifty 50 index.
HDFC Bank Ltd., Kotak Mahindra Bank Ltd., Tata Steel Ltd., ITC Ltd., and JSW Steel share prices added to the Nifty 50 index.
Infosys Ltd., IndusInd Bank Ltd., ICICI Bank Ltd., Bajaj Auto Ltd., and Larsen & Toubro Ltd. weighed on the Nifty 50 index.
HDFC Bank Ltd., Kotak Mahindra Bank Ltd., Tata Steel Ltd., ITC Ltd., and JSW Steel share prices added to the Nifty 50 index.
The NSE Nifty 50 and BSE Sensex pared gains shortly after open as Infosys Ltd., and ICICI Bank Ltd. share prices weighed. The Nifty Bank hit a fresh high at open.
The Nifty 50 was trading 39.20 points or 0.16% down at 24,086.35, and the Sensex was trading 55.29 points or 0.1% down at 79,353.21.
The NSE Nifty 50 and BSE Sensex pared gains shortly after open as Infosys Ltd., and ICICI Bank Ltd. share prices weighed. The Nifty Bank hit a fresh high at open.
The Nifty 50 was trading 39.20 points or 0.16% down at 24,086.35, and the Sensex was trading 55.29 points or 0.1% down at 79,353.21.
The NSE Nifty 50 and BSE Sensex pared gains shortly after open as Infosys Ltd., and ICICI Bank Ltd. share prices weighed. The Nifty Bank hit a fresh high at open.
The Nifty 50 was trading 39.20 points or 0.16% down at 24,086.35, and the Sensex was trading 55.29 points or 0.1% down at 79,353.21.
The NSE Nifty 50 and BSE Sensex pared gains shortly after open as Infosys Ltd., and ICICI Bank Ltd. share prices weighed. The Nifty Bank hit a fresh high at open.
The Nifty 50 was trading 39.20 points or 0.16% down at 24,086.35, and the Sensex was trading 55.29 points or 0.1% down at 79,353.21.
The NSE Nifty 50 and BSE Sensex pared gains shortly after open as Infosys Ltd., and ICICI Bank Ltd. share prices weighed. The Nifty Bank hit a fresh high at open.
The Nifty 50 was trading 39.20 points or 0.16% down at 24,086.35, and the Sensex was trading 55.29 points or 0.1% down at 79,353.21.
The NSE Nifty 50 and BSE Sensex pared gains shortly after open as Infosys Ltd., and ICICI Bank Ltd. share prices weighed. The Nifty Bank hit a fresh high at open.
The Nifty 50 was trading 39.20 points or 0.16% down at 24,086.35, and the Sensex was trading 55.29 points or 0.1% down at 79,353.21.
The NSE Nifty 50 and BSE Sensex pared gains shortly after open as Infosys Ltd., and ICICI Bank Ltd. share prices weighed. The Nifty Bank hit a fresh high at open.
The Nifty 50 was trading 39.20 points or 0.16% down at 24,086.35, and the Sensex was trading 55.29 points or 0.1% down at 79,353.21.
The NSE Nifty 50 and BSE Sensex pared gains shortly after open as Infosys Ltd., and ICICI Bank Ltd. share prices weighed. The Nifty Bank hit a fresh high at open.
The Nifty 50 was trading 39.20 points or 0.16% down at 24,086.35, and the Sensex was trading 55.29 points or 0.1% down at 79,353.21.
At pre-open, the NSE Nifty 50 was trading 0.25% higher at 24,185.40, and the BSE Sensex was trading 0.41% higher at 79,730.53.
Rupee opened flat at 85.13 against US dollar
Source: Bloomberg
The yield on the 10-year bond opened 2 basis points higher at 6.34%
It closed at 6.32% on Monday
Source: Bloomberg
India's lower volatility relative to its global peers is a key reason why Morgan Stanley India's Managing Director, Ridham Desai, remains bullish on the country among emerging markets.
According to Desai, India's strong macro fundamentals are doing the heavy lifting. A cocktail of low inflation volatility, strong earnings growth, domestic risk capital, combined with a dovish RBI, rupee's steadier valuation amid current global market sentiment and falling oil prices aid Morgan Stanley's positive sentiment, stated the note.
Read the full article here.
GAIL has been informed that the Petroleum and Natural Gas Regulatory Board may issue an order revising transportation tariffs. The revision, pending public consultation, could potentially increase GAIL's transmission revenue if tariffs are revised upwards.
Poonawalla Fincorp has announced the launch of its consumer durables loans business, expanding its financial services offerings to cater to customers' needs for household appliances and electronics.
360 One Wam Ltd. has approved a strategic collaboration with UBS AG, where 360 ONE WAM will issue 2.05 crore warrants to UBS at Rs 1,030 per share, as part of its plan to acquire UBS's India wealth business.
Persistent Systems has received an order from the National Company Law Tribunal to merge its wholly-owned subsidiary, Capitol Software, with the company, streamlining its corporate structure.
The Government of India imposed provisional 12% safeguard duty on on steel imports from developed economies, China, and Vietnam. This will likely lift business outlook for Indian steel companies for near-term.
JSW Steel Ltd., Tata Steel Ltd., Steel Authority of India, Vedanta Ltd. share prices will likely react.
Gold prices hit record high for a second day in a row on Tuesday as investors drop the dollar index and US treasury yields on fears that US President Donald Trump may fire Federal Reserve Chair Jerome Powell.
The Bloomberg spot gold rose 0.91% to a record high of $3,455.09 an ounce. It was trading 0.68% higher at $3,447.37 an ounce as of 7:36 a.m.
Most share indices in Asia-Pacific region were trading lower Tuesday morning, tracking overnight losses on Wall Street as worries for the independence of US Federal Reserve weighed on investors' minds. US President Donald Trump in post in Truth social media said the US economy will head for recession unless the US central bank hurries to cut interest rate.
The Nikkei 225 and S&P ASX 200 were trading 0.10% and 0.12% down, respectively. The KOSPI was trading 0.11% higher as of 7:26 a.m.
US share indices ended sharply lower on Monday after US President Donald Trump amplified criticism of Federal Reserve Chair Jerome Powell. This raised serious concern over the central bank's independence, which is essential to maintain stability in the country's financial landscape.
The Dow Jones Industrial Average and S&P 500 ended 2.48% and 2.36% down, respectively. The Nasdaq Composite ended 2.55% down.
The GIFT Nifty was trading higher in early trade Tuesday, which indicates that the benchmark indices may open higher. Coal India Ltd., One 97 Communication Ltd., Tata Steel Ltd., and Vedanta Ltd. share prices may react due to news flow overnight.
The GIFT Nifty was trading 0.06% or 14 points higher at 24,102.50 as of 6:48 a.m.
The benchmark equity indices gained for the fourth consecutive session on Monday and closed at their highest since early January. The NSE Nifty 50 closed 273.9 points, or 1.15% higher at 24,125.55, while the BSE Sensex ended 855.3 points, or 1.09% up at 79,408.5, the highest since Jan. 3.
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