Stock Market LIVE Updates: GIFT Nifty suggests a weak start; US, Asian markets fall
The Sensex was up 99.65 points or 0.13 percent at 76,834.54, and the Nifty was up 30.55 points or 0.13 percent at 23,359.10. About 2177 shares advanced, 868 shares declined, and 123 shares unchanged.
Infosys and Spark New Zealand (Spark), New Zealand’s largest telecommunications and digital services company, today announced a strategic agreement that will support the transformation of Spark’s technology delivery model through digital innovation.
The allocation of Administrative Price Mechanism (APM) natural gas to the company has been reduced by 18%, effective April 16, compared to the previous fortnight’s allocation.
The reduced APM volume is being replaced with New Well/Well Intervention Gas (NWG). This reduction in APM gas allocation is expected to adversely impact profitability. However, the company is exploring all measures to mitigate the impact.
ICICI Prudential’s Q4FY25 earnings surpass analyst estimates with higher trailing sails. Retail protection saw a sharp 25% jump, and key metrics like persistency, claim settlement, and solvency remained robust…Read More
The market construct appears positive after the Nifty recouping all the losses caused by April 2nd reciprocal tariffs. The market is indicating calm after the storm. But investors should not jump to the conclusion that stability has returned to the market and it is poised for further up moves. Since the trade war between US and China is heating up after China’s latest decision to halt exports of rare earths and orders for Boeing, more actions, reactions and volatility are on the cards.
A significant take away from the recent market trend is the resilience of many domestic consumption bluechips. Stocks like Bajaj Finance, Bharti Airtel, Indigo Airlines and Eicher Motors are at 52-week highs. HDFC Bank, ICICI Bank and Kotak Bank are resilient while IT stocks are weak. The market is sending the message that domestic consumption themes will be safer than externally-linked segments during this chaotic global environment.