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Stock Market News Today Live Updates: GIFT Nifty Hints At Positive Open; Brent Crude Falls Below $88 A Barrel

The GIFT Nifty, an early indicator of Nifty 50's performance, traded at 24,325, compared to the index's close of 24,261.60 on Tuesday.

Stock Market News Today Live Updates: GIFT Nifty Hints At Positive Open; Brent Crude Falls Below $88 A Barrel
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Hello and welcome to our live coverage of stock markets

The GIFT Nifty, an early indicator of Nifty 50's performance, traded at 24,325, compared to the index's close of 24,261.60 on Tuesday.

Oil prices steadied after Tuesday's drop, which followed a now-deleted post by US Energy Secretary Chris Wright claiming the US Navy had escorted an oil tanker through the Strait of Hormuz. Brent traded at $87.91 a barrel, down $3.14 or 3.45%, while WTI was around $83.43 a barrel, largely flat. The White House denied the claim, and the post was later deleted, keeping market focus on risks around the Strait of Hormuz.

Should You Buy IndiGo After CEO Peter Elbers' Exit? Here's What Brokerages Are Saying

Stock Market Live: Nifty Sees Support At 23,600–23,700, Resistance At 24,300: Enrich Money

  • Ponmudi R, CEO of Enrich Money, said the Nifty 50 is hovering around the 24,000 zone after the recent correction, with 23,700–23,600 as the key support band and 24,300 as the immediate resistance.
  • He also marked 24,600 as a higher resistance area, and said a sustained move above that zone would be needed for a broader recovery.
  • Ponmudi R said momentum indicators remain weak, with the RSI near 29 and the MACD “deeply negative” with a widening histogram.

Stock Market Live: FIIs Extend Cash Selling Run; DIIs Net Buyers Since Feb 28

  • The note says the war started on February 28 and the market is entering the 11th day of the conflict, with FIIs selling in the cash market for an eighth straight day.
  • Since February 28 (data taken till March, as per the note), FIIs have sold Rs 28,177 crore in cash, while DIIs have bought Rs 41,801 crore.
  • The note shows FIIs are net short Rs 11,357 crore in index futures and Rs 35,877 crore in index options, with FII shorts at 88% versus 87%, marked as the highest in the March series.

Stock Market Live: Jefferies Maintains Buy On Godrej Properties, Target Rs 2,700

  • Jefferies maintained its Buy rating on Godrej Properties with a target price of Rs 2,700.
  • The brokerage said the promoters’ purchase of a 3.5% stake from the market signals confidence in long-term residential demand and the company’s positioning.
  • Jefferies said management is focused on scaling up construction and expects operating cash flow surplus to rise substantially in FY27, adding that the reported 20% return-on-equity target remains on track.

Stock Market Live: Stocks In Focus On Jal Jeevan, Orders, Promoter Buys And CEO Exit

  • Astral, EMS and VA Tech Wabag are in focus on updates linked to Jal Jeevan Mission 2.0; Shakti Pumps and Oswal Pumps are in focus on reports around a new version of the PM Kusum scheme.
  • Bajaj Finance, Advanced Enzyme and Star Cement are in focus on promoter buying; HG Infra Engineering is in focus after reporting an order win worth Rs 401 crore; Polycab and Panacea Biotech are in focus on tax relief; Godavari Biorefineries is in focus after a Japan patent update; Brigade Enterprises and Arvind SmartSpaces are in focus on Bengaluru project updates; TVS Supply Chain is in focus after setting up a warehousing facility near Chennai.
  • InterGlobe Aviation is in focus after Pieter Elbers resigned as chief executive; Wakefit Innovations, Corona Remedies and Ananta Healthcare are in focus on share lock-in expiry; paints, aviation and tyre names are in focus as Brent crude fell for a second day.

Stock Market Live: Trump Says Reliance To Back $300 Billion Texas Refinery Project

Reliance Chemotex Industries Ltd.
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  • US President Donald Trump said a new oil refinery will be built in Brownsville, Texas, and described it as the first new US refinery project in 50 years.
  • In a post on Truth Social, Trump said America First Refining will develop the project at the Port of Brownsville and called it a $300 billion investment backed by Reliance Industries.
  • Trump said the project is part of his administration’s push to boost US energy production and exports, and said it would create jobs and drive regional investment.

Stock Market Live: Oil Steadies After Slide Linked To Deleted Hormuz Escort Post

  • Brent traded at $87.91 a barrel, down $3.14 or 3.45%, while WTI was around $83.43 a barrel, largely flat in early trade.
  • Prices steadied after Tuesday’s drop, which followed a now-deleted post by US Energy Secretary Chris Wright claiming the US Navy had escorted an oil tanker through the Strait of Hormuz.
  • The White House denied the claim, and the post was later deleted, keeping market focus on risks around the Strait of Hormuz.

Stock Market Live: Wall Street Ends Mixed As Oil Pulls Back

  • S&P 500 fell 0.21% to 6,781.48 in choppy trade as oil prices retreated and investors tracked the Iran war.
  • Dow Jones Industrial Average slipped 34.29 points, or 0.07%, to 47,706.51.
  • Nasdaq Composite edged up 0.01% to 22,697.10.

Stock Market Live: Asian Markets Rise In Early Trade

  • Australia’s S&P/ASX 200 rose 0.35% in early trade.
  • Japan’s Nikkei 225 gained 1.36% and the Topix added 1.22%.
  • South Korea’s Kospi advanced 3.2%, while the Kosdaq rose 1.39%.
  • Hong Kong’s Hang Seng Index was up 0.43%, and the CSI 300 added 0.19%.

Stock Market Live: Gift Nifty Trades At 24,325 Vs Tuesday Close Of 24,261.60

  • Gift Nifty was at 24,325 in early trade.
  • The level compares with the Nifty 50 close of 24,261.60 on Tuesday.

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