Stock Market News Today Live Updates: Nifty Nears 24,300, Sensex Gains Over 1,400 Points; HDFC Bank, RIL Top Gainers

• Weekly Nifty options data showed the highest concentration of open interest at the 24,200 strike on both call and put sides.
• The positioning makes 24,200 a key level for near-term trade.
• A sustained move away from this zone could shape the next directional move.

• Groww rose for the fifth consecutive trading day, gaining as much as 6.7% to Rs 207.70.

• Trading volume was nearly five times its 20-day average, showing strong market activity.

• The stock traded above the Bloomberg-tracked consensus target price of Rs 198.63.

• Suzlon Energy advanced for the fourth straight session, rising as much as 4.1% to Rs 47.73.

• Trading volume was more than three times its 20-day average, indicating strong activity.

• The stock has gained 15% over the last five days.

• ICICI Prudential AMC extended losses after its Q4 results announcement, with the stock falling nearly 4%.

• Q4 net profit declined 16.8% QoQ to Rs 763 crore from Rs 917 crore.

• Total income fell 12.1% QoQ to Rs 1,428 crore from Rs 1,624 crore.

• Ola Electric resumed gains after a one-day pause, rising as much as 6.3% to Rs 39.10.

• Trading volume was 73% above its 20-day average, indicating higher activity in the stock.

• The stock has gained 36% in the last five days.

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• HDFC Bank was the top positive contributor to the Nifty, followed by Reliance Industries, L&T, Infosys and SBI.

• Other index constituents also added to gains, supporting the broader move higher.

• Dr Reddy’s and ONGC were among the key negative contributors to the index.

Nifty rose as much as 1.8% to 24,280. Sensex gained 1.9%, or 1,422 points, to 78,270.

India’s 10-year government bond yield declined 6 basis points in market trade. The benchmark yield moved lower to 6.88%.

Indian equities indicated a strong start in pre-open trade. Nifty moved above the 24,100 mark, while the Sensex surged more than 1,600 points.

• The Indian rupee opened stronger against the U.S. dollar in early trade.

• The local currency gained as much as 21 paise to 93.12 against the greenback.

• NSE active client base declined in FY26 to about 4.55 crore from around 4.9 crore, marking the first fall in three years.

• Retail trading participation eased after the FY25 peak, even as total investors increased by about 1.3 crore.

• Top brokers accounted for much of the decline, with Zerodha, Angel One and Upstox among those seeing lower active participation.

• Hopes of a second round of talks between the U.S. and Iran lifted market sentiment, with reports saying both sides are preparing to resume discussions.

• Reports of a U.S. proposal for a 20-year freeze on Iran’s uranium enrichment, and Tehran’s willingness to consider a shorter period, signalled continued diplomatic engagement.

• More than 20 commercial ships passed through the Strait of Hormuz in the past 24 hours, easing concerns over supply disruption and supporting risk appetite.

• India’s March trade data will be tracked for updates on exports, imports and the trade deficit.

• Share lock-in expiry is due for LG Electronics, Rubicon Research and Bharat Coking Coal.

• Q4 earnings are scheduled from Elecon Engineering, HDB Financial Services, ICICI Lombard General Insurance Company and Tejas Networks. The U.S. EIA oil report is also due later in the day.

• Vedanta said an incident occurred at the Unit-1 boiler of Athena Power in Chhattisgarh involving workers of subcontractor NGSL.

• The company said 24 subcontractor workmen were affected and 10 succumbed to injuries.

• Vedanta said it is extending support to the injured, coordinating with authorities and has started a detailed investigation.

 

• Citi maintained Sell on Dr. Reddy’s Laboratories with a target price of Rs 1,070.

• The brokerage said Brazil’s ANVISA denied registration for the company’s Semaglutide generic, Embeltah.

• Citi said the rejection may keep Dr Reddy’s out of the initial phase of Semaglutide generic launches in Brazil.

• HSBC said rising commodity costs and a likely impact on domestic demand from a macro slowdown may weigh on the auto sector in the near term.

• The brokerage said valuations based on revised earnings are not inexpensive despite recent stock price corrections.

• It added that a downside scenario could lead to a 15-20% cut in earnings estimates, leaving limited room for valuation upside.

• JPMorgan said it prefers Quality over Value in its April factor strategy for India.

• The brokerage said Value was the weakest performer in the Nifty 500 in March, while Quality and Growth held up better.

• It also cut MSCI India earnings growth forecasts to 11% for CY26 and 13% for CY27, while retaining a preference for Momentum, especially earnings momentum.

• Jefferies said Amazon’s push into quick commerce has increased competition concerns for existing players.

• The brokerage said demand is shifting towards faster delivery timelines, which could expand the addressable market beyond grocery.

• Jefferies retained a high-conviction Buy on Eternal and also maintained Buy on Swiggy, while flagging higher risk-reward for Swiggy.

• BofA said its latest fund manager survey showed the most bearish positioning since June 2025.

• Growth expectations saw the sharpest drop since March 2022, while inflation expectations rose to the highest since May 2021.

• The survey said most managers do not expect a recession, but further market gains may need rate cuts and earnings upgrades.

• Mainland China’s CSI 300 index rose 0.62% at the open.

• Hong Kong’s Hang Seng index gained 0.95% in early trade.

• JPMorgan downgraded Abbott India to Neutral from Buy and cut the target price to Rs 27,500 from Rs 34,000.

• The brokerage cited slower growth visibility, limited new product launches and the phase-out of the company’s largest insulin brand.

• It also flagged management changes and said the current valuation does not justify a premium multiple.

• Brokerages retained a constructive view on ICICI Pru AMC after Q4 results, citing margin support, steady flows and market share gains.

• Jefferies maintained Buy and raised the target price to Rs 3,770, while Citi maintained Buy with a Rs 3,900 target.

• Kotak Securities downgraded the stock to Reduce from Add and raised the target price to Rs 3,250, citing valuation concerns.

• Brokerages said inflation risks remain linked to food, climate and geopolitical factors, even as some price categories stayed contained.

• BofA expects FY27 CPI at 5.2% and sees a 50 basis point rate hike from December 2026.

• Kotak Securities estimates FY27 CPI at 4.7%, while Citi revised its FY27 forecast to 4.6%. Both expect the RBI to stay on hold for now unless inflation risks rise further.

• Supreme Petrochem said it has commissioned the EPS Phase II expansion project in Maharashtra.

• The company invested Rs 54 crore in the expansion.

• With the new facility, total EPS production capacity has increased to 1.15 lakh tonnes per annum.

• A specialised CBI team is in London and has met UK authorities and the Crown Prosecution Service to complete extradition formalities, sources told NDTV Profit.

• The team is expected to return to India on Thursday.

• Officials are also expected to visit the European Court of Human Rights in Strasbourg within the next two weeks after Nirav Modi moved the court in a final attempt to delay extradition.

• Hopes of a second round of peace talks between the U.S. and Iran improved global risk sentiment. Reports said both sides are preparing to resume discussions. (TIME)

• A reported U.S. proposal for a 20-year freeze on Iran’s uranium enrichment, and Tehran’s counteroffer for five years, signalled ongoing diplomatic engagement despite differences. (TIME)

• More than 20 commercial ships reportedly passed through the Strait of Hormuz in the past 24 hours, easing concerns over disruption to global oil supply routes. (timesofisrael.com)

• Prestige Estates said Q4 sales increased 11% YoY to Rs 7,697 crore. Collections rose 66% YoY to Rs 5,231 crore.

• Average realisations increased 7% YoY to Rs 16,569 per sq ft.

• The company said FY26 sales reached a record Rs 30,025 crore, supported by launches. It also added new projects with estimated GDV of over Rs 50,000 crore.

• Landmark Cars said Q4 revenue from operations rose 17.3% YoY to Rs 1,790 crore.

• Vehicle sales increased 17.72% YoY to Rs 1,508 crore.

• The company said sales growth was affected by limited availability of BYD cars and expects supply to normalise in the June quarter.

• GE Aerospace said it has finalised a contract with the Indian Air Force to set up a maintenance facility for F404-IN20 jet engines used in the Tejas aircraft fleet.

• The facility will be set up by the IAF with technical support from GE Aerospace.

• Once operational, it is expected to reduce reliance on overseas repair centres and improve turnaround time for engine maintenance.

• Power Finance Corp said its arm has incorporated four special purpose vehicles for power transmission projects.

• The new entities are Babai Transmission, Bikaner Transmission, Humnabad Power Transmission and Hebbani Power Transmission.

• The update was disclosed through an exchange filing.

• US stocks rose sharply on Tuesday as easing oil prices lifted sentiment amid optimism over possible peace talks between the U.S. and Iran.

• The S&P 500 gained 1.2% and closed near a fresh record high after recovering recent war-led losses.

• The Nasdaq 100 advanced 1.8%, marking its 10th straight day of gains, its longest winning run since 2021.

• Oil prices declined further after a sharp fall in the previous session as optimism grew over a diplomatic solution to the Middle East conflict.

• U.S. crude for May delivery fell 0.88% to $90.4 a barrel. Brent crude for June delivery slipped 0.31% to $94.47 a barrel.

• Asian markets opened higher as hopes for a U.S.-Iran deal increased and oil prices declined.

• Japan’s Nikkei 225 rose 1.16%, South Korea’s Kospi gained 3.05%, and Australia’s ASX 200 added 0.20%.

GIFT Nifty traded at 24,218, above the Nifty 50’s previous close of 23,842.65 on Monday. The trend indicates a higher opening for Indian equities at the start of trade.