We remain Neutral India equities, which is relatively insulated from tariff concerns, but faces headwind from negative earnings revisions, wrote analysts at Standard Chartered in a recent note.
A total of 11 pharma and healthcare-related stocks have rallied more than 20% thus far in April on hopes of a likely softer tariff-related stance by the US President Donald Trump.
Among the sectoral indices, Nifty Oil & Gas was the top performer, ending higher by 3.18 per cent, led by RIL (5.07 per cent) and BPCL (4.97 per cent)
Reliance Industries stock was trading at a 6-month high after the company reported better-than-expected Q4 earnings; the trading volumes at the counter jumped over 25 mn shares on the BSE and NSE.
Dixon Technologies, Waaree Energies, Data Patterns (India), Godfrey Phillips, Devyani International, and KFin Technologies are some of the counters that have gained over 20 per cent during this period
With the monsoon still two months away, cement companies stand to benefit from this seasonally strong period.
Stock Market Today, Sensex Today, April 23, 2025: Ather Energy IPO will open for subscription on April 28, 2025, in a likely price band of ₹304-321 per share
Why markets are rising today: The benchmark BSE Sensex jumped 879 points intraday to hit a high of 79,432.78 level, while the Nifty50 index gained 281 points to a high of 24,132.75
Gensol Engineering shares fell for the eighth straight session after the company's promoters were alleged of getting involved in fraudulent fund diversification
Around 11:11 AM, HDFC Life share price was down 1.52 per cent at ₹709.15 per share on BSE. In comparison, the BSE Sensex was up 0.98 per cent at 79,323.24
In the fourth quarter ended March 31, 2025, the internet and catalogue retail company posted a 36.3 per cent increase in its net profit to ₹157.6 crore as compared to ₹115.6 crore a year ago
Trading sentiment in the equity market will largely be driven by domestic corporate quarterly earnings, any update related to US tariffs and foreign fund movements this week, analysts said. Investors would also focus on world market trends, movement of global oil benchmark Brent crude and the rupee-dollar trend for further cues, experts noted. "This week, all eyes will be on the earnings reports of companies like HCL Technologies, Axis Bank, Hindustan Unilever, and Maruti. Globally, any updates related to tariffs and their potential impact on world markets will remain in focus," Ajit Mishra SVP, Research, Religare Broking Ltd, said. Stocks of India's second-largest IT company Infosys will remain in focus on Monday after the firm reported an 11.7 per cent decline in consolidated net profit to Rs 7,033 crore for the March quarter, mainly on account of compensation to employees, and acquisitions during the reported period. "This week, we expect gradual up-move to continue in the Indi
Renewed buying by FIIs, coupled with short-covering on hopes of likely trade deals with the US fueled today's market rally, say analysts. The Sensex reclaimed 78,500-mark, and Nifty topped 23,850.
Bharti Airtel is now ranked 4th on the Indian stock exchanges in terms of market-cap; the stock has rallied nearly 15% in the last one month.
KFin Tech's stock rose as much as 5.9 per cent during the day to ₹1,067 per share
As an investment strategy, Morgan Stanley remains overweight on financials, consumer cyclicals, and industrials; and are underweight on energy, materials, utilities and healthcare.
Transrail Lighting's stock rose as much as 7.93 per cent during the day to ₹489.2 per share, the biggest intraday gain since February 19 this year
Banking, financial services, and insurance (BFSI), telecom, and metals saw the highest FII flows in March 2025
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