Stock Market News Today Live: Nifty Above 25,650, Sensex Jumps Nearly 700 Points; Waaree Energies Shares, Premiere Energies Slump 15%

• Sensex rose as much as 0.9%, or 732 points, to 82,951 by 10:25 am.
• Nifty climbed as much as 0.9% to 25,652 in the same period.

• RM Drip And Sprinkler Systems fell as much as 20% to Rs 97.75, with trading volume more than six times its 20-day average.
• Morepen Laboratories dropped as much as 4.3% to Rs 44.47, with volume more than double its 20-day average.
• Aditya Infotech rose as much as 10% to Rs 1,621, with trading volume more than 250 times its 20-day average.
• Infosys gained as much as 3.1% to Rs 1,314 with volume 26% above its 20-day average
• SAIL rose as much as 3.4% to Rs 165.68 on more than three times its 20-day average
• Vedanta added as much as 3.7% to Rs 721 with volume 9.2% above its 20-day average.

Source: Bloomberg

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• Nifty opened above 25,550, while Sensex rose more than 550 points in early trade.
• The NSE Nifty IT Index gained nearly 3%, rebounding a day after it fell almost 5%.
• Nifty IT was the top-performing sectoral index on the NSE in early trade.

 

• The rupee strengthened at the open, gaining as much as 3 paise to 90.91 against the US dollar.
• The yield on the 10-year government bond fell as much as 1 basis point to 6.66%.

• Nifty traded above 25,550 in pre-market indications.
• Sensex was up nearly 100 points at 82,301 ahead of the open.

• Macquarie said Swiggy has trailed Zomato by about 150 bps on net take rates since FY23, and consensus assumes the current duopoly continues without take-rate deflation.
• The brokerage put food delivery EBITDA margins at 6% for Zomato versus 5% for Swiggy, and said the market values Zomato’s food delivery business at about $12–14 billion.
• Macquarie said its fair value is 30–35% below consensus for both businesses and maintained an underperform rating on both Eternal and Swiggy; it also noted take rate refers to the commission charged to restaurants as a percentage of GMV (total order value).

• The US Commerce Department set preliminary duties of 126% on solar imports from India after it said the country unfairly subsidised manufacturing.
• The department also set initial duties ranging from 86% to 143% for Indonesia and 81% for Laos, based on its finding that subsidies let exporters undercut US solar products.
• The proposed duties could raise costs for solar imports into the US, according to the update.

Read the full story here.

• Indian equity benchmarks snapped a two-day gaining streak, wiping out gains from the previous two sessions.
• Sensex closed over 1,000 points lower at 82,225, while Nifty 50 ended 1.1% lower and closed below 25,450 on the F&O expiry day.

• West Texas Intermediate hovered near $66 a barrel after slipping about 1% in the previous session.
• Brent settled below $71 as markets tracked upcoming Geneva talks on Iran’s nuclear pact.

• Japan’s Nikkei 225 rose over 1.4% to a fresh high, while Topix added 0.3%.
• South Korea’s Kospi gained 1.72% to cross 6,000 for the first time; SK Hynix rose 0.6% and Samsung Electronics added 0.88%, while Kosdaq edged up 0.16%.
• Australia’s S&P/ASX 200 climbed 1.13%, Hong Kong’s Hang Seng rose 0.39%, and China’s CSI 300 added 0.49% after a tech-led rally on Wall Street eased concerns around AI-related disruption in some industries.

• GIFT Nifty traded at 25,659.50 in early trade.
• The level indicated a gap-up start for Indian equities.