Stock Market Today: Sensex Soars Nearly 3,000 Points; Nifty Ends At Over Six-Month High
The NSE Nifty 50 ended over six-month high, and BSE Sensex ended at seven-month high as India and Pakistan hostility reduced following ceasefire.
KEY HIGHLIGHTS
US & China To Reduce Tariffs On Each Other, Says US Treasury Secretary
US, China agree for 90-day pause amid tariff war
Both countries to bring down tariffs
US to cut tariffs on Chinese imports to 30% from 145% for 90 days
China to cut tariffs on US imports to 10% from 125% for 90 days
Mechanism for continued talks with China established
US will continue a strategic rebalancing in 5-6 industries
Will continue working on reliable supply from allies on those
Neither China nor US want a decoupling or an embargo
Want China to be more open to US goods, there could be a possibility of purchase agreements
Source: US Treasury Secretary Scott Bessent & US Trade Representative Jamieson Greer at press briefing
Stock Market Today: Sensex Soars Nearly 3,000 Points; Nifty Ends At Over Six-Month High As India-Pakistan Tension Eases
The NSE Nifty 50 ended 912.80 points or 3.80% higher at 24,920.80, the highest level since Oct 16, 2024.
The BSE Sensex ended 2,975.43 points or 3.74% higher at 82,429.90, the highest level since Oct 3, 2024.
The NSE Nifty 50 and BSE Sensex posted the best session since Feb 2, 2021 with 3.90% and 3.83% intraday gains, respectively.
The Nifty IT is the best performer. It ended 6.70% higher at 38,282.55, the highest level since March 5, 2018.
The Nifty Pharma rose the least. It ended 0.15% higher at 21,102.70.
The NSE Nifty Midcap 150 ended 3.75% higher at 20,331.50.
The NSE Nifty Smallcap 250 ended 4% higher at 15,684.20
Stock Market Today: Premier Explosives Gets Closure Orders From Telangana
Premier Explosives has received closure orders from the Telangana Pollution Control Board to halt all industrial activities at its factory. This directive is due to compliance issues related to environmental regulations. The company is expected to address these concerns promptly to resume operations.
India's Benchmark Indices Continue To Extend Gains
So far, the NSE Nifty 50 recorded the best intraday gain since Feb 2, 2021. The BSE Sensex reclaimed the 82,000 mark for the first time since Dec 16, 2024.
Usha Martin Q4 Result Highlights (Consolidated, YoY)
Revenue up 8.1% to Rs 896.08 crore versus Rs 829.03 crore.
Net Profit down 5% to Rs 100.91 crore versus Rs 106.33 crore.
Ebitda down 8% to Rs 139.57 crore versus Rs 151.51 crore.
Margin at 15.6% versus 18.3%.
Ather Energy Q4 Result Highlights (YoY)
Revenue up 29.2% to Rs 676.10 crore versus Rs 523.40 crore.
Net loss at Rs 234.40 crore versus Rs 283.30 crore.
Ebitda loss at Rs172.40 crore versus Rs 238.50 crore
