Stock Market News Today Live Updates: Nifty, Sensex Near Day's High After MPC Keeps Repo Rate Unchanged; Nifty Bank At Day's High

• The RBI has kept the repo rate unchanged at 5.25%.
• All six members of the Monetary Policy Committee voted in favour of the decision.

• Pankaj Murarka of Renaissance Investment Managers said valuations of financial services companies are reasonable and he does not see asset quality concerns in the sector.
• He said financials are a must buy in the current market.
• Murarka also said AI is likely to support IT services companies, while global software companies may face pressure. He added that India’s medium- to long-term story remains compelling.

RBI Governor Sanjay Malhotra is set to address the media shortly and announce the Monetary Policy Committee’s repo rate decision.

Track all the live updates here.

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• Zydus Life has received approval from the US Food and Drug Administration for dapagliflozin tablets, according to an exchange filing.
• Dapagliflozin is used in the treatment of diabetes.

• TVS Motor has launched the TVS Armado 200 in Indonesia, according to an exchange filing.
• The company launched the three-wheeler at 34.9 million Indonesian rupiah.

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• Indian equity benchmarks rallied after the US and Iran agreed to a temporary double-sided ceasefire.
• The NSE Nifty 50 rose as much as 3.5% to 23,938.
• The BSE Sensex gained as much as 3.7%, or 2,775 points, to 77,392.

India’s bonds rose in trade. The yield on the 10-year note fell as much as 12 basis points to 6.92%.

About 17.6 lakh ICICI Bank shares changed hands in a block deal, according to Bloomberg data. Buyers and sellers were not known immediately.

About 16.5 lakh Ashok Leyland shares changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.

About 20 lakh HDFC Bank shares changed hands in a block deal, according to Bloomberg data. Buyers and sellers were not known immediately.

• Nifty crossed 24,000 in pre-open trade.
• Sensex surged 2,500 points to move above 77,000 in pre-open trade.

• The Indian rupee opened higher against the US dollar ahead of the MPC repo rate decision.
• The currency appreciated as much as 43 paise to 92.57 against the greenback.

• Kush Bohra said this is the time to book profits on rallies.
• He said 23,200 is the key support level for the Nifty.
• He sees 23,800 to 24,000 as the resistance zone.

 

 

• Biocon said its arm, Biocon Pharma, has received approval from the US Food and Drug Administration for dapagliflozin tablets, according to an exchange filing.
• Dapagliflozin is used in the treatment of diabetes.

• Satin Creditcare reported assets under management of Rs 15,275 crore in FY26, up 19% year-on-year, according to an exchange filing.
• Disbursements rose 17% year-on-year to Rs 12,516 crore.
• The company said AUM growth was supported by higher disbursements and improved operational efficiency.

• Market expert Ajay Bagga said markets are pricing in de‑escalation, but caution remains.
• He said investors should focus on oil prices rather than headlines to gauge the next move.
• Bagga added that market reactions will hinge on how energy prices evolve.
• Bagga said Iran may offset losses through oil reserves, added that Gulf countries are the most impacted by the conflict, and said geopolitical pressure may build to bring the war to an end.Ajay Bagga told NDTV Profit that leeway for banks on treasury losses will be important, while today’s MPC decision remains crucial for markets.
• He said SIPs remain the best route for investors to navigate current market conditions.

 

 

• Titan is on the upside watchlist after a strong Q4 operational update that beat analyst estimates. Biocon is also in focus after the commercial launch of a biosimilar in the US, while Tata Steel reported 15% year-on-year growth in Q4 crude steel production.
• Oil marketing companies, fertiliser, chemical and paint stocks are in focus as Brent crude slipped below $100 a barrel. InterGlobe Aviation and SpiceJet are also in focus after AERA cut landing and parking charges by 25% for three months.
• Ashiana Housing, Aditya Birla Real Estate, Arvind Smartspaces, Indian Hotels, Phoenix Mills, Lupin and Aurobindo Pharma are on the watchlist on company-specific updates. ONGC and Oil India are under pressure as crude prices remain below $100.

• James M Dorsey of the S. Rajaratnam School of International Studies said optimism around ceasefire talks should be tempered.
• He said core differences between the US and Iran remain unresolved, making negotiations challenging.
• Dorsey added that risks linked to the talks are still present despite recent diplomatic signals.

 

 

• Jubilant FoodWorks said energy supply has improved over the past few weeks and operations are now back to normal levels.
• The company said dependence on LPG across stores is being progressively reduced.
• It said it is well equipped to handle short-term challenges and clarified reports of weak business linked to LPG supply issues.

• Morgan Stanley maintained Overweight on Titan with a target price of Rs 4,529. It said Q4 domestic jewellery growth of 46% was ahead of expectations, with Tanishq, Mia, Zoya and beYond revenue (ex-bullion) up 47% year-on-year versus its 35% estimate. Buyer growth was in high single digits, while ticket size increased. Gold coins revenue tripled, plain gold rose in the mid‑30% range and studded grew in the early‑30% range.

• Citi maintained Neutral with a target price of Rs 4,750. It said jewellery growth continues to accelerate but noted a decline in studded mix. It highlighted sustained competitive intensity and the likely impact of lab‑grown diamonds. Citi said Titan’s ability to defend margins while maintaining growth will be key for current valuations.

• Investec maintained Buy with a target price of Rs 4,849. It said Titan continued to show strong momentum led by jewellery despite higher gold prices. CaratLane growth was relatively modest. Watches grew slower due to smartwatch weakness, while analogue watches stayed strong. Eyewear growth remained solid, fragrances continued to expand and women’s bags added momentum, while Taneira lagged.

Read the full story here.

• Opening cues point to a sharp gap-up start after a two-week ceasefire between the US and Iran, with media reports saying Israel is part of the ceasefire plan.
• US futures and Asian markets moved higher, global bond yields eased and risk-on sentiment returned.
• Brent crude slipped below $100 a barrel to a two-week low, while the dollar index fell below 99. The rupee is seen opening stronger, even as gold prices moved higher.

• Seth R. Freeman of GlassRatner Advisory & Capital Group said markets may see some relief, but volatility is not over yet.
• He said cooling oil prices and higher futures do not point to a quick return to normal conditions.
• Freeman cautioned that the current move should not be seen as a full snap-back in markets.

• David Roche of Quantum Strategy said markets may have avoided the worst of the immediate fallout.
• He said Iran’s stronger position could lead to higher oil prices, lingering inflation and continued geopolitical risk.
• Roche added that uncertainty remains elevated despite recent market moves.

 

 

• Angel One said its average client funding book rose 45% year-on-year to Rs 5,849 crore in Q4, while the client base grew 20.5% to 3.74 crore, according to a business update.
• Gross client acquisition increased 12.7% year-on-year to 18.2 lakh during the quarter.
• For March, the average client funding book rose 43% year-on-year to Rs 5,505 crore, while gross client acquisition stood at 5.1 lakh, up 7.5% year-on-year.

• Richard Harris of Port Shelter Investment Management said he does not expect equities to fall sharply from here but warned that the current rally may be another short-lived bounce.
• He said uncertainty around the crisis remains high, adding that while the battle may be over, the war is not. He also said global debt has risen due to the conflict.
• Harris said oil prices remain higher than pre-war levels and are likely to stay elevated in the near term, while the US dollar may ease slightly.

• Prestige Estates reported FY26 pre-sales of Rs 30,024 crore, up 76% from a year earlier, according to an exchange filing.
• Q4 pre-sales rose 10% year-on-year to Rs 7,697 crore.

• Media reports after the ceasefire announcement pointed to wider participation and terms around the pause in hostilities.
• CNN reported that Israel is part of the ceasefire and has agreed to suspend bombing while talks continue. The New York Times reported that Iran’s Supreme Leader approved the plan and accepted Pakistan’s two-week ceasefire proposal.
• Axios reported that the US ceasefire would begin when Iran opens the Strait of Hormuz and that the first round of US-Iran talks is set for Friday in Islamabad. Iran state TV said the US accepted its 10-point plan, while Foreign Minister Abbas Araghchi said Iran would stop defence operations if attacks are halted and safe passage through Hormuz would be possible for two weeks.

• Titan said its consumer businesses grew 46% year-on-year in Q4, according to an exchange filing.
• Domestic business grew 42%, while the jewellery business rose 46%, watches grew 7% and the eye care business increased 16%.
• The company added 47 stores during the quarter.

Euro Stoxx 50 futures rose 5% after the US-Iran ceasefire agreement.

• The Reserve Bank of India's Monetary Policy Committee is widely expected to keep the policy repo rate unchanged at 5.25% when it announces its monetary policy decision today, with all 33 economists tracked by Bloomberg seeing no change.
• The expected pause comes as policymakers assess rising external risks, firmer inflation and signs of slower economic activity. Consumer price inflation rose to 3.21% in February from 2.75% in January, while March manufacturing and services activity also moderated.
• The policy review comes after crude prices moved higher and the rupee came under pressure amid tensions in the Middle East. Economists expect the RBI to focus on liquidity and orderly market conditions, with the April meeting also set to include the central bank’s first full FY27 projections after the shift to new CPI and GDP series.

Read the full preview here.

• The S&P 500 rose 0.08% to close at 6,616.85, while the Nasdaq Composite advanced 0.10% to 22,017.85.
• The Dow Jones Industrial Average fell 85.42 points, or 0.18%, to close at 46,584.46.

• Futures tied to the Dow Jones Industrial Average rose 718 points, or 1.5%.
• S&P 500 futures added 1.6%.
• Nasdaq 100 futures climbed 1.7%.

• Donald Trump said the US will suspend bombing and attacks on Iran for two weeks, subject to Iran agreeing to the complete, immediate and safe opening of the Strait of Hormuz.
• He said the decision followed requests from Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir to hold back the planned military action.
• Trump said the two-week period would act as a two-sided ceasefire and added that the US has received a 10-point proposal from Iran, which he described as a workable basis for a longer-term agreement.

• GIFT Nifty surged 3.5%, or more than 750 points, to 23,857.50.
• The move points to a strong start for the Nifty 50.
• GIFT Nifty was trading well above Tuesday’s Nifty close of 23,123.65.