India's benchmark equity indices traded lower on Friday, dragged by IT heavyweights and pharma companies. The Nifty slipped as much as 1.1% to dip below the immediate support level of 24,000. The BSE Sensex shed over 900 points or 1.2%.
HCLTech, Infosys, Cipla, TCS and Dr Reddy's were some of the top losers on the blue-chip index. Infoys shed as much as 3.7% after its FY27 guidance soured investor sentiment. Cipla tanked after partner unit, Pharmathen's Rodopi facility in Greece, was placed under an import alert by the USFDA.
Meanwhile, most Asian stock markets were down as investors remained cautious despite a three-week extension of the Israel-Lebanon ceasefire. The two countries agreed to extend their ceasefire by three weeks following a meeting in the White House with top US officials, President Donald Trump.
The MSCI Asia Pacific index was flat. Japan's benchmark Nikkei 225 gained as much as 0.9% while the Topix rose 0.4% after core inflation in the country accelerated for the first time in five months with Iran war fueling energy worries. South Korea's Kospi was down 0.6%, Hang Seng fell 0.2% and the CSI 300 dropped 0.8%.
Oil prices extended gains for a fifth consecutive day — the longest rally since January — as faltering talks between the US and Iran heightened fears of prolonged supply disruptions in the Persian Gulf. Brent crude for June settlement rose 1.1% to $106.20 a barrel, pushing weekly gains to about 17%, while WTI for June delivery climbed 0.96% to $96.77, holding near the $97 mark.
Stock Market News Live Updates: Cochin Shipyard Top Gainer In Defence Pack
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Stock Market News Live Updates: Quick Look At Nifty, Sensex At Noon
The benchmarks Nifty and Sensex are trading at the session lows, dragged by IT and pharma stocks.
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Stock Market News Live Updates: Aditya Birla Sun Life AMC Jumps Nearly 5% — Check Citi Target
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Business News Today Live Updates: TRAI Recommends Additional Spectrum For Auction
Telecom regulator TRAI has recommended making additional spectrum available for auction to help telecom operators ease network congestion, Chairman Anil Kumar Lahoti said on Friday. He said the move would support debottlenecking of networks amid rapidly rising data consumption.
Lahoti said India is actively preparing for 6G and that the validity of the 600 MHz band, crucial for the rollout of faster internet, has been extended. TRAI has also recommended inter-band spectrum sharing and leasing of excess spectrum to improve efficiency in spectrum utilisation.
Stock Market Crash Today Live Updates: L&T Enters Industrial Electronics Segment
L&T has entered the B2B industrial electronics space with the commencement of industrial electronics manufacturing at its Coimbatore campus in Tamil Nadu. The new business vertical, christened L&T Electronic Products & Systems (LTEPS), will be headquartered in Bengaluru, while the manufacturing operations will be based in Coimbatore. To begin with, two manufacturing lines have been commissioned, offering electronics manufacturing services to both Indian and global clients.
Stock Market Crash Today Live Updates: Nifty Slips Below 24,000
The Nifty 50 shed as much as 260 points or 1.1% to slip below 24,000 support.
Stock Markets Today Live Updates: RIL Estimates Ahead Of Q4 Results
RIL's consolidated revenue is seen rising 6.7% quarter-on-quarter to around Rs 2,82,748 crore, while operating income or Ebitda is expected to increase 2.9% to about Rs 47,343 crore, according to NDTV Profit's estimates. Margin is expected to soften to 16.7% from 17.4% in the December quarter, and net profit is seen declining roughly 9% to Rs 16,944 crore.
Segment-wise, the retail business is expected to see a 10.6% drop in revenue to Rs 87,568 crore, though Ebitda may rise 2% to Rs 7,051 crore due to cost management, with growth constrained by a high base.
Stock Markets Today Live Updates: Prestige Group Chief Sees 20% Growth In FY27 Over FY26's High Base
Irfan Razack, Chairman and Managing Director of Prestige Group, told NDTV Profit that the company’s hospitality segment continues to be driven largely by strong domestic demand. He said the group did not face any demand-related challenges in FY26 and remains optimistic about growth prospects in FY27.
Razack said Prestige Group expects around 20% growth in FY27 over the high base of FY26. He added that multiple products are currently in the pipeline across key cities, supporting the company’s positive outlook for the coming year.
Commenting on specific projects, he said the company expects to see high occupancy levels at its Bandra Kurla Complex (BKC) project by 2028. He also noted that the Hyderabad project has a development timeline of about four years and has received an overwhelming response.
Razack said the Hyderabad project is focused on catering to a key micro-market, which has contributed to the strong demand seen so far.
Infosys Share Price Today Live: Salil Parekh Stock Incentives Worth Rs 52 Crore
Infosys has approved annual stock incentive grants worth Rs 51.75 crore for Chief Executive Officer and Managing Director Salil Parekh, according to an exchange filing on Friday. The grants, approved by the board on April 23 following recommendations from the Nomination and Remuneration Committee, will be issued as Restricted Stock Units under the company's employee stock plans. Most of the awards will vest after 12 months, subject to performance conditions set by the board and the company's plans.
The largest component is an annual performance equity grant worth Rs 34.75 crore under the 2015 Stock Incentive Compensation Plan. This will vest after 12 months if performance targets are met.
Stock Markets Today Live Updates: RIL Shares Trade Lower Ahead Of Q4 Result
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Stock Markets Today Live Updates: Dr Reddy's Target Price Cut By Goldman Sachs
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Stock Markets Today Live Updates: JPMorgan Asia Equity Strategy – Rajiv Batra
- Lower allocation in Indian equities to Neutral from Overweight
- Structural story intact, but tactical headwinds warrant patience
- Valuation gap narrowing, but still stretched
- Energy supply disruptions are likely to pressure earnings through multiple channels
- Sector analysts have cut FY27 estimates by 2-10% across key sectors
- Lowered CY26/27 MSCI India EPS growth by 2%/1%, to 11%/13%
- Fundraising wave faces near-term hurdles, but is likely to resume once conditions normalize; such dilution caps upside
- India’s large-cap index has minimal AI, datacenter and semiconductor representation relative to the US, Korea, China and Taiwan
- Monsoon risk – threatening rural incomes and food inflation
- See better opportunities elsewhere in EM until valuations de-rate further or earnings visibility improves
- Overweight on Financials, Materials, Consumer Discretionary, Hospitals, Defense and Power
- Underweight sectors are IT and Pharma
Nifty bull case target reduced from 33,000 to 30,000
Nifty bear case target reduced from 24,000 to 20,500
Stock Markets Today Live Updates: SBI Funds Is Said to Start Marketing $1.5 Billion IPO Next Week
- SBI Funds Management Ltd. is set to begin formal marketing for its planned initial public offering to raise as much as $1.5 billion.
- The company is aiming to sell about three quarters of the issue to domestic investors and is considering raising as much as $350 million through a pre-IPO share placement.
- SBI Funds is seeking a valuation in the range $13-15 billion and has appointed nine banks to manage the offering.
Source: Bloomberg
Stock Markets Today Live Updates: Gujarat Themis Biosyn Shares Give Up Gains
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Stock Markets Today Live Updates: Waaree Energies' Shares Slump Over 4%
Shares of Waaree Energies Ltd are under heavy pressure on Friday, affter reports of the US Commerce Department announcing preliminary antidumping duties on solar cells and panels imported from India, Indonesia ​and Laos surfaced. This marks the latest set of tariffs imposed ‌over a decade on solar imports from Asia.
Waaree Energies shares have slumped to a low of over 5% in early trade, and are trading 4.26% lower at Rs 3,267 apiece as of 9:30 am. The stock has corrected 10.81% year-to-date.
Stock Markets Today Live Updates: Infosys Share Price Drops
Infosys shares fell 3.4% to hit a 52 week low. The stock rebounded after briefly breaching Rs 1200.
Stock Markets Today Live Updates: HCLTech Share Price Drops
Stock Markets Today Live Updates: Cipla Shares Under Pressure
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Stock Markets Today Live Updates: Most IT Stocks Decline
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Stock Markets Today Live Updates: Nifty, Sensex Open Lower
The Nifty and Sensex opened lower on Friday, dragged by Infosys and pharma stocks.
Markets in charts:
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Stock Markets Today Live Updates: HCC Gets Rs 2,917 Crore Contract
Hindustan Construction Company secured a significant infrastructure contract valued at approximately ~2.917 6 crore from City and Industrial Development Corporation of Maharashtra Limited (CIDCO) for the construction of a 22.21 km raw water tunnel and a 250 MLD water treatment plant in Raigad. The project has been awarded to the LCESPL-HCC Joint Venture, in which HCC is responsible for executing works worth approximately ~1 1 00 crore.
Stock Markets Today Live Updates: Bond Yield Flat
The yield on the 10-year government bond opened flat at 6.97%.
The two-year note touched 6% after over a week and the 30-year was at 7.54%
Stock Markets Today Live Updates: Atul Auto Signs MoU With Exponent For Electric 3-Wheelers
Atul Auto has signed a memorandum of understanding (MoU) with Bengaluru-based Exponent Energy to collaborate on electric three-wheelers. Under the agreement, the company plans to deploy around 15,000 electric vehicles, priced at approximately Rs 3.3 lakh per unit.
As part of the partnership, the electric three-wheelers will be integrated with Exponent Energy’s battery and charging system.
Source: Exchange Filing
Stock Markets Today Live Updates: INR Weakens
The rupee opened 10 paise weaker at 94.215 against the dollar. The local currency has depreciated 1.4% so far this week and is set for second consecutive weekly decline, reflecting sustained pressure from rising crude, with Brent crude oil climbing back above the $100-per-barrel mark. The RBI has stepped into the market in recent sessions, selling dollars to limit volatility. However, dealers noted that strong dollar demand from oil importers and limited supply have continued to exert downward pressure on the currency, keeping it on a weakening trajectory.
Stock Markets Today Live Updates: These Chips Are On Brokerages' Radar
Brokerages rolled out fresh calls on Union Bank of India, PVR Inox, Adani Energy Solutions, Infosys, and Cipla, while also flagging trends across cement, autos and fintech.
JPMorgan on Cement Sector
- Price momentum to continue in near term
- Cement prices up Rs 10–25/bag in April
- No rollbacks seen so far; further hikes likely
- Non-trade segment outperforming trade
- Risk of downtrading as prices rise
- Supply remains largely intact
UBS on Union Bank of India
- Maintain Neutral; TP Rs 195
- Weak quarter; margins moderated sequentially
- PAT beat led by lower opex and provisions; NII weak
- Loan growth improved QoQ
- Management focused on profitability-led growth
Stock Markets Today Live Updates: IT Stares At Weak FY27, Niraj Shah Writes
The common read-across from the Q4FY26 results is that Indian tier-1 IT earnings were not disastrous, but FY27 guidance and management tone remain more cautious than the headline profit growth suggests. The sector's strength is in deal wins, AI positioning, and margins; the weakness is that conversion, discretionary spending, and growth visibility are still not strong enough to justify an aggressive rerating yet.
Tier-1 is still dealing with soft demand visibility, conservative client spending, and cautious FY27 commentary even where reported Q4 numbers looked optically healthy. Infosys guided FY27 revenue growth at just 1.5%-3.5%, HCLTech guided 1%-4% CC growth for FY27, Wipro guided Q1FY27 at -2% to 0% CC, and TCS itself said macro headwinds continue despite better sequential momentum.
Read the column from NDTV Profit's Niraj Shah below.
Stock Markets Today Live Updates: GMR Airports Shareholder To Trim Stake
ADP, the operator of the main Paris airports, agreed to sell up to 7.3% of India’s GMR Airports Ltd. as part of a deal worth as much as €924 million ($1.08 billion). The French group agreed to sell the stake to a vehicle connected to GMR’s founding family in a multistage deal, according to a statement confirming an earlier Bloomberg News report. ADP will sell 3.4% of its shares for €256 million and receive a put option to sell an additional 3.9% for about €285 million.
The family’s vehicle has also agreed to purchase convertible bonds for €301 million face value, plus accrued interest as of the date of the transaction, which is set to be completed by March 31, 2027, ADP’s statement showed.
Source: Bloomberg
Stock Markets Today Live Updates: Shares In Focus After Business Updates
Godawari Power:
- Arm signed supply agreement with Roche Energy
- to deploy a 5 MWh BESS block at plant in Maharashtra.
- Alert: BESS: Battery Energy Storage System
Inventurus Knowledge Solutions:
- Announced major cross-border acquisition
- To buy US-based healthcare IT firm TruBridge
- Acquisition at $565 million.
Force Motors:
- Executed agreement to acquire Veera Tanneries for Rs 162 crore
Krishna Institute of Medical Sciences (KIMS)
- Entered into MoU with Dakshayani Health
- To collaborate on cancer research and the establishment of new care centers.
Lux Industries:
- To demerge business into three distinct verticals
- Verticals to be listed separately
- PKT family retains overall control following a family settlement
SPML Infra:
- Board has approved the issuance of 95.4 lakh warrants of Rs 177 crore
- Investor Vijay Kedia in pref. Issue
- Decided to increase its capex to Rs 238 crore (from Rs 176 crore)
- to expand its BESS capacity to 5 GWh.
Stock Markets Today Live Updates: Five Stocks To Buy
Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing on the financial services, defence, metals, and pharmaceutical sectors.
Top picks include digital finance major Jio Financial Services, PSU lender Indian Bank, pharma player Laurus Labs, defence heavyweight Bharat Dynamics, and metal major Nalco.
Stock Markets Today Live Updates: Gujarat Themis Biosyn To Acquire Sanofi’s Global Anti-TB, Anti-Infective Portfolio
Gujarat Themis Biosyn has announced the signing of an asset purchase agreement to acquire a portfolio of anti-tuberculosis (TB) and anti-infective brands from Sanofi, the French-holding company of the Sanofi group, headquartered in Paris.
The company has entered into an Asset Purchase Agreement for acquisition of 13 established branded generic products with a strong presence across more than 55 countries in Europe, the Middle East and Africa for Euro 158 million payable in cash at closing. The concerned portfolio reported net sales of approximately Euro 62 million for the year ended 2025.
Stock Markets Today Live Updates: F&O Cues
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Stock Markets Today Live Updates: Earnings In Focus
Adani Green Energy Ltd, Atul Ltd, Bhansali Engineering Polymers Ltd, Can Fin Homes Ltd, Chennai Petroleum Corporation Ltd, DCB Bank Ltd, Hindustan Zinc Ltd, Indusind Bank Ltd, Lodha Developers Ltd, L&T Finance Ltd, Mahindra & Mahindra Financial Services Ltd, Mangalore Refinery and Petrochemicals Ltd, Reliance Industries Ltd, Shriram Finance Ltd, Supreme Petrochem Ltd, Tanla Platforms Ltd, Zensar Technologies Ltd.
Stock Markets Today Live Updates: Recap Of Previous Session
Indian equity benchmarks closed lower for a second consecutive trading session. The BSE Sensex fell 852 points to end at 77,664, while the NSE Nifty 50 closed 0.84% lower at 24,173. Indian equity benchmarks ended lower for a second straight session, with the Nifty closing below 24,200 and down over 0.8%. Trent and Shriram Finance were the top losers on the index, each falling more than 3.5%.Broader markets outperformed the benchmark, though both ended in the red.
Asian Markets Today Live: Hang Seng, CSI Down
China and Hong Kong markets opened lower on Friday. The Hang Seng was down 0.94% and CSI 300 slid 0.8%.
Asian Markets Today Live: Nikkei Up, Kospi Down
Asian stock markets were mixed on Friday as investors remained cautious despite a three-week extension of the Israel-Lebanon ceasefire. The two countries agreed to extend their ceasefire by three weeks following a meeting in the White House with top US officials, President Donald Trump.
The MSCI Asia Pacific index was flat.
Japan's benchmark Nikkei 225 gained as much as 0.9% while the Topix rose 0.4% after core inflation in the country accelerated for the first time in five months with Iran war fueling energy worries.
South Korea's Kospi fell 0.3%.
GIFT Nifty Today Live: Futures Indicate Higher Open For D-Street
The GIFT Nifty index, a futures contract based on the benchmark Nifty 50, is trading 110 points higher at 24,236 as of 7:45 a.m. The Nifty closed at 24,173 in the last session.