Stock Market Highlights: Sensex falls 379 points, Nifty at 22,399 pulled by IT, PSU Bank stocks

Sensex Today | Stock Market Highlights: In the broader markets, the BSE midcap and smallcap fell 0.73 per cent and 1.08 per cent respectively

3:50 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: Nifty continues to trade below the upper band of the falling channel and the 21-day EMA, indicating short-term weakness and resistance near 22,500. The RSI shows a bearish crossover, reinforcing the negative momentum. The trend is expected to stay weak below 22,500, with a breakout potentially driving the index to 22,750–22,800. Failure to cross 22,500 may drag it down toward 22,000.

View by Rupak De, senior technical analyst, LKP Securities.

3:45 PM

Stock Market LIVE Updates: Expert view

Stock Market LIVE Updates: Markets slipped after a brief rebound, losing over half a percent as the choppy trend persisted. Sentiment took a hit following the announcement of fresh U.S. tariffs on China, leading to a gap-down opening and a largely range-bound session thereafter. The outcome of the MPC meeting—where a 25-bps rate cut was announced along with a shift to an accommodative stance—failed to evoke any meaningful market reaction. As a result, the Nifty index closed at 22,399.15, down 0.59 per cent.

 

On the sectoral front, most indices ended in the red, with IT, pharma, and realty emerging as the top losers. The broader market also faced pressure, with losses ranging from 0.60 per cent to 1 per cent.

 

The ongoing volatility continues to keep traders cautious, and any near-term relief seems unlikely given the recent tariff-related developments and the onset of the earnings season. Investors will react to the IT major, TCS’s results in early trades on Friday, which could influence market direction initially. Until volatility, as reflected by the elevated India VIX, cools off, we recommend maintaining a hedged approach to navigate potential sharp swings.

View by Ajit Mishra – SVP, research, Religare Broking Ltd.

3:44 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: Global financial markets are witnessing renewed selling pressure following the enactment of reciprocal tariffs. A trade war is escalating global risk, with a rise in U.S. bond yields prompting a sell-off in the world's safe treasury assets. In India, a cut in the repo rate, along with the adaptation of an accommodative policy stance, is taken as a constructive step. However, it has done little to uplift overall market sentiment, as the world is embracing recessionary risk. The IT sector continues to lag ahead of Q4 results, which are estimated to be weak. Pharma remains cautious over potential headwinds arising from the imposition of U.S. tariffs on the industry. On a positive note, domestic focus sectors like FMCG are trading better due to lack of recessionary risk from global slowdown.

View by Vinod Nair, head of research, Geojit Investments Limited.

3:40 PM

Stock Market LIVE Updates: Broader markets in red at close

Stock Market LIVE Updates: BSE Midcap and Smallcap ended in negative territory. 

3:38 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close

Stock Market LIVE Updates: SBI, Tech Mahindra, L&T were among the top laggards on Sensex. 

 

3:35 PM

Stock Market LIVE Updates: Nifty50 closes at 22,399.15, down 137 pts

Stock Market LIVE Updates: NSE Nifty50 settled at 22,399.15, down 136.7 points or 0.61 per cent. 

3:34 PM

Stock Market LIVE Updates: Sensex closes at 73,847.15, down 379.93 pts

Stock Market LIVE Updates: BSE Sensex closed at 73,847.15, down 379.93 points or 0.51 per cent.

3:25 PM

Stock Market LIVE Updates: Mastek surges 15% on heavy volumes; Rebounds 21% from Monday's low

Stock Market LIVE Updates: Shares of Mastek soared by 15 per cent to ₹2,277.55 on the BSE in Wednesday’s intraday trade amid heavy volumes in an otherwise weak market. The stock price of the software services company has bounced back 21 per cent from its 52-week low of ₹1,882.90 it touched on Monday, April 7, 2025. In comparison, as of 02:49 PM, the BSE Sensex and BSE Information Technology (IT) index are down 0.52 per cent and 2.2 per cent, respectively.

 

The average trading volumes on the counter jumped multiple-fold today. A combined 3.46 million equity shares representing 11 per cent of the total equity of Mastek have changed hands on the NSE and BSE. Read more 

3:23 PM

Stock Market LIVE Updates: This granite & marble company will benefit from new US tariffs; stock up 5%

Stock Market LIVE Updates: Global Surfaces shares rose 4.7 per cent on Wednesday, April 9, 2025, logging an intraday high at ₹117.15 per share on BSE. The stock gained after the company said that its UAE facility would benefit from newly imposed US tariffs.

 

Around 2:42 PM, Global Surfaces share price was up 4.6 per cent at ₹117 per share on BSE. In comparison, the BSE Sensex was down 0.51 per cent at 73,847.48. The market capitalisation of the company stood at ₹495.87 crore. The 52-week high of the stock was at ₹247.1 per share and the 52-week low was at ₹99 per share. Read more

3:15 PM

Stock Market LIVE Updates: DLF, Sobha: Realty stocks down up to 50% this year; time to buy or wait?

Stock Market LIVE Updates: Given the present pale of gloom owing to Trump tariff war, the realty index continued to languish in the negative zone. The Nifty Realty index so far this year has declined around 25 per cent as against 5.3 per cent decline in the National Stock Exchange (NSE) Nifty 50 index.

 

Among individual realty stocks, Anant Raj has taken a massive hit, and plunged up to 51 per cent thus far in 2025. Prestige Estates and Oberoi Realty have cracked over 35 per cent each. Godrej Properties, Sobha, Brigade Enterprises and DLF have declined in the range of 25 - 30 per cent. Read more

3:03 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Indian stock markets declined on Wednesday after the Reserve Bank of India Monetary Policy Committee unanimously decided to cut the repo rate by 25 bps to 6 per cent.

 

At 3 PM, the BSE Sensex was lower by 376.61 points, or 0.51 per cent, at 73,850.47, while the Nifty50 was at 22,399.85, lower by 136 points, or 0.60 per cent.

2:56 PM

Stock Market LIVE Updates: India too big to be used by US against China, says economist Jeffrey Sachs

Stock Market LIVE Updates: Professor Jeffrey Sachs, a prominent economist and advisor to the United Nations, cautioned India against aligning itself too closely with US geopolitical maneuvers, particularly in the context of escalating tensions with China. Speaking at the Rising Bharat Summit 2025 on Wednesday, Sachs underscored the importance of India maintaining an independent foreign policy and resisting pressures to serve as an instrument in Washington’s efforts to counter Beijing.

 

Sachs highlighted that the United States is encouraging India to take a critical stance against China, framing such actions as part of a larger American strategy. He urged India to pursue its own strategic interests and adopt a balanced approach in its international relations. READ MORE

 

2:50 PM

Stock Market LIVE Updates: 'Headline CPI aligned to 4% target; allows RBI to focus on growth'

Stock Market LIVE Updates: “The RBI MPC managed to meet the market’s hefty expectations, by announcing a 25bps repo rate cut along with a change of stance to accommodative. Importantly, the MPC now believes that the headline CPI is aligned on a durable basis to the 4 per cent target, thereby allowing them to focus unequivocally on growth. The RBI Governor has clearly indicated the softening path of policy rates going forward as well, which we expect to move atleast towards 5.5 per cent over the course of CY2025, along with continuation of liquidity infusion measures – all of which bode well for the continued downward trajectory of interest rates”.

Views by: Shriram Ramanathan, CIO, Fixed Income, HSBC Mutual Fund

2:47 PM

Stock Market LIVE Updates: 'RBI’s policy measures aimed at preserving long-term macroeconomic stability'

Stock Market LIVE Updates: "The Reserve Bank of India, in its monetary policy meeting held on April 9, 2025, announced a series of proactive steps aimed at supporting economic growth amid mounting global uncertainties and subdued inflation. The Monetary Policy Committee (MPC) unanimously decided to reduce the repo rate by 25 basis points, lowering it from 6.25 per cent to 6.00 per cent. Alongside the rate cut, the policy stance was shifted from neutral to accommodative, signaling the central bank’s readiness to ease further if required. This shift narrows future options to either maintaining the current rate or implementing additional cuts, depending on evolving economic conditions.

In addition to the repo rate, other key policy rates were also revised. The standing deposit facility (SDF) rate was lowered to 5.75 per cent, while both the marginal standing facility (MSF) and the bank rate were set at 6.25 per cent. The RBI also revised its macroeconomic outlook—bringing down the inflation forecast for FY26 to 4 per cent, and trimming the GDP growth projection from 6.7 per cent to 6.5 per cent, reflecting the challenges posed by the global economic environment.

This decision comes on the back of a sustained moderation in retail inflation. In February 2025, the Consumer Price Index (CPI) fell to 3.61 per cent, well within the central bank’s target band of 4 per cent ± 2 per cent. The drop in inflation has created the necessary space for monetary easing, with the latest rate cut expected to reduce borrowing costs for both households and businesses, thereby aiding credit growth and demand revival.

Overall, the RBI’s latest policy measures are aimed at preserving long-term macroeconomic stability while addressing near-term risks. By enhancing liquidity and reducing interest rates, the central bank seeks to support domestic momentum, counterbalance external shocks such as global trade disruptions and U.S. tariff actions, and create a more conducive environment for sustainable economic growth."

Views By: Ajit Mishra – SVP, Research, Religare Broking Ltd

2:43 PM

Stock Market LIVE Updates: Senco Gold hits 5% upper circuit, posts highest-ever Q4 revenue in FY25

Stock Market LIVE Updates: Shares of jewellery manufacturer Senco Gold surged by 5 per cent during intraday trading on April 9, following the company's announcement of its highest-ever March-quarter revenue for Q4FY25, exceeding ₹1,300 crore.

For the full financial year 2024-25 (FY25), Senco Gold reported a robust topline figure of over ₹6,200 crore, reflecting a 19.4 per cent year-on-year (Y-o-Y) retail growth. Same-store sales growth (SSSG) stood at an impressive 14.6 per cent, with non-east revenue surpassing ₹1,100 crore.
 

The company attributed the strong Q4 performance to increased footfalls and improved invoice generation, driven by a vibrant wedding and festive season. READ MORE