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India's benchmark Nifty and Sensex opened higher on Thursday, taking positive cues from Asian and US equities. The Nifty 50 opened 73 points or 0.3% higher at 25,556 and the BSE Sensex jumped 142 points to 82,418.
IT stocks continued Wednesday's momentum, with the Nifty IT index rising 1.5%, led by Persistent Systems and Tech Mahindra. PSU Banks, energy and defence are the other counters trading higher early session.
Asian shares climbed for a fourth day as recent turmoil sparked by concerns over the impact of artificial intelligence subsided, though gains were tempered by a muted response to Nvidia Corp.'s upbeat sales forecast. The MSCI Asia Pacific Index rose 1% to another all-time high. Japan's Nikkei 225 index crossed 59,000 for the first time fueled by "Takaichi Trade". Australia's S&P/ASX 200 and South Korea's Kospi Index — a bellwether for AI investments — also jumped to new records.
Nifty Today Live Updates: Ten Trending Stocks On Nifty 500
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Biocon Share Price Today Live: Semaglutide Update
Siddharth Mittal of Biocon told NDTV Profit that the company expects to generate revenue from its Semaglutide launch in the US by FY28. Biocon is aiming to launch the drug, used to control type 2 diabetes and promote significant weight loss, in the US in FY27.
The company is targeting as much as 20% market share for Liraglutide, which currently has a US market size of $130 million. Mittal noted that the Liraglutide market has shrunk due to the presence of other competing products. Biocon expects to launch Liraglutide there within the next 45 days.
Stock Market Today Live: Defence Shares
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Gold Silver Prices Today: Check Global, MCX Rates
Gold prices held firm above $5,190 per ounce, extending gains from the previous session and hovering near an almost four-week high, as markets weighed geopolitical tensions and uncertainties surrounding US trade policies. Silver remained above $89 per ounce, staying near its highest levels in a month.
On the MCX, gold futures for April traded 0.3% lower at Rs 1.6 lakh per 10 grams, and silver March contracts dropped 0.9% to Rs 2.65 lakh per kilo.
Angel One Share Price Today: Stock Split Takes Effect
Angel One traded ex-stock split today. Trading volumes rose to four times the 30-day average on the NSE.
Nifty IT Today Live: Check Top Gainers
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Eternal Share Price Today: Large Trade Alert
Eternal buzzed during early trade after 1% equity or nearly 9.7 crore shares changed hands in two blocks at Rs 2,405 crore.
Yes Bank Share Price Today: Lender Tightens Security After Forex Card Fraud
Yes Bank shares rose during early trade after the bank rolled out additional security measures after detecting fraudulent activity on its Multi-Currency Prepaid Forex Cards, following unauthorised transactions worth about $0.28 million that impacted nearly 5,000 customers. The share price was up nearly 1.5%, trading at Rs 21.01 apiece.
Nifty Today Live Updates: Gainers And Losers, Sectoral Play
A quick look at market activity in charts:
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Stock Market Today Live: Nifty, Sensex Pop At Open
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Stock Market Live: Bond Yield
The yield on the benchmark 10-year government bond was flat at 6.67%.
USD-INR Today: Rupee Opens Stronger
The Indian rupee opened 11 paise stronger at 90.846 to the dollar. The dollar index is down 0.1% at 97.55.
Stock Market News Live Updates: Five Key Stocks To Watch
- RVNL: Gets Rs 372 crore order from NMDC
- United Spirits: Strong India performance commentary by Diageo
- Zydus Lifesciences: Plans to launch Semaglutide injections in India
- RBL Bank: SBI Mutual Fund receives RBI approval to increase its stake
- IRFC: Not to exercise green shoe option (2%) for OFS, limiting the share sale to 2% only.
Stock Market Today Live: IDFC First Bank Target Price Cut
BofA on IDFC First Bank - Downgrade to Neutral from Buy; Cut TP to Rs 75 from Rs 95
- De-empanelment introduces near term headwinds
- Fraud incident in government accounts of ~Rs590 Cr
- Likely impact CASA growth, cost of funds and opex
- Bank currently has almost 8-10% of total deposits from central government, state government and other PSBs
Stock Market Today Live: Key Brokerage Notes On M&M, Canara HSBC Life, Tata Motors
HSBC on Indian Tractor Industry - Weak monsoon outlook, yet water reserves and replacement demand are supportive.
- The outlook for the tractor sector is now subdued, primarily due to the anticipated El Niño effect.
- Long-term penetration remains attractive.
- Regional reservoir levels are slightly negative for M&M.
- M&M – Maintain Buy; Cut TP to Rs 4150 from Rs 4250.
- Escorts – Maintain Buy; Cut TP to Rs 3600 from Rs 3700.
UBS on Shaily Engineering
- Maintain Buy with TP of Rs 4000.
- Received order from domestic pharma company for pen injectors to supply over 4 years.
- This order shows the momentum building around generic semaglutide launch in India with the patent expiring in March.
Antique on Canara HSBC Life
- Initiate Buy with TP of Rs 190.
- Play on banca led growth.
- Banca to drive industry leading near-term growth.
- Product mix to improve in favor of protection and annuities.
- VNB margin to improve despite investments in agency channel.
- Persistency improving; solvency strong.
Oil Prices Today Live Updates: Check Brent, WTI Rates
Oil prices edged higher before nuclear talks between the US and Iran, with some major Middle Eastern producers boosting exports as concerns about a potential conflict in the region create uncertainty about future supply.
Brent climbed above $71 a barrel following a two-day decline, while West Texas Intermediate rose toward $66.
Stock Market Live: Brokerages On Poonawalla Fincorp, SBI, Jubilant FoodWorks And More
UBS on Poonawalla Fincorp
- Initiate Buy with TP of Rs 640.
- Solid franchise in the making.
- Strong management and promoter-driven AAA credit rating are key positives.
- LAP and gold loans to be anchor products.
- ROA to reach 2% by FY28E, supported by margins and cost.
HSBC on Jubilant FoodWorks
- Maintain Buy with TP of Rs 700.
- At the right temperature to consume.
- Investor feedback raises questions around sustained margin improvement and expensive valuation.
- Margin improvement is on track visible in Q3FY26 too.
- Adjusted Domino's PE for FY27/FY28e (52/42x) looks reasonable.
- Preferred pick in consumer discretionary.
CLSA on SBI
- Maintain Outperform with TP of Rs 1,275.
- Good performance on growth, profitability; a core portfolio stock.
- De-risked the balance sheet while also growing faster than the industry.
- Pick-up in CASA growth after three muted years; twin benefits of high LCR.
- RWA/Total assets much lower than peers; Valuation gap to narrow.
Nikkei Today Live Updates: What's Driving The Rally
Japan's benchmark Nikkei 225 index jumped over 1% to hit a new record of 59,199, extending gains to a third session this week. The broader Topix rose 1.5% to a new high.
The government of PM Sanae Takaichi appointed two new board members on the Bank of Japan who are considered dovish and in-line with the pro-growth PM's economic vision.
Overnight strength on Wall Street after Nvidia results and outlook commentary also boosted sentiment.
Asian Markets Live: Nikkei, Kospi, At Record High
Asian shares climbed for a fourth day as recent turmoil sparked by concerns over the impact of artificial intelligence subsided, though gains were tempered by a muted response to Nvidia Corp.'s upbeat sales forecast. The MSCI Asia Pacific Index rose 1% to another all-time high.
Japan's Nikkei 225 index crossed 59,000 for the first time fueled by "Takaichi Trade". Australia's S&P/ASX 200 and South Korea's Kospi Index — a bellwether for AI investments — also jumped to new records.
GIFT Nifty Live: Index Up 0.2%
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