Stock Market Live Updates | Gift Nifty Hints At Positive Indian Market Start

 3:30 PM IST

Closing Bell | Sensex rebounds 1,090 points post-selloff | Nifty crosses 22,500 mark

The Sensex rebounded by 1,090 points and Nifty crossed the 22,500 mark, with largecaps now offering better risk-reward amid FII selling and valuation correction. Domestic-focused sectors like private banks, telecom, cement, and consumer discretionary are preferred over export-led or commodity-linked stocks. Financials are gaining support from improved liquidity and potential rate cuts, with top private banks and select NBFCs favoured over PSUs. Earnings growth is expected to remain subdued in FY25 and ease further in FY26–27, prompting cautious return expectations.

 2:30 PM IST

Stock Market LIVE Update | Sensex jumps 1,100 points | Nifty tops 22,550

The Sensex surged by 1,100 points while the Nifty crossed the 22,550 mark, reflecting strong market momentum. Despite the rally, six stocks including Vakrangee, Orchid Pharma, and Share India Securities have each declined over 10% for three consecutive months. Vakrangee led the losses with a 68% drop. Motilal Oswal predicts a modest 2% YoY Nifty growth in Q4FY25, with Oil & Gas and Cement sectors under pressure. Top gainers included Cholamandalam and Five-Star Business Finance.

 1:40 PM IST

Stock Market LIVE Update | Sensex jumps 1,700 points | Nifty crosses 22,650

The Sensex surged by 1,700 points, and the Nifty crossed the 22,650 mark, reflecting strong market momentum. Axis Securities identified the top 10 high-dividend PSU stocks with yields reaching up to 7%, ideal for passive income seekers. Leading names include Coal India, ONGC, BPCL, REC, and PFC. These companies show stable returns and robust fundamentals. Nifty IT stocks also traded in the green, with notable gains in MphasiS, Infosys, HCL Tech, Tech Mahindra, and Wipro, signalling renewed interest in the tech sector.

 12:20 PM IST

Stock Market LIVE Update | Sensex soars 1,200 points | Nifty tops 22,500

Indian markets surged as the Sensex gained 1,200 points and Nifty crossed 22,500. OMC stocks rallied up to 4% after the government hiked excise duty on fuel and raised LPG prices by Rs 50. Shares of BPCL, HPCL, and IOCL saw strong gains amid positive brokerage outlooks. Meanwhile, Australian stocks posted their best day in two years, and Natco Pharma announced Risdiplam pricing at Rs 15,900 MRP amidst legal developments. Indian Oil also confirmed plans for a Rs 61,000 crore dual feed cracker in Odisha.

 11:00 AM IST

Stock Market LIVE Update | Sensex jumps 700 points | Nifty climbs past 22,300

Sensex surged 700 points while Nifty crossed 22,300, driven by a 1% rise in the Nifty PSU Bank index. Top gainers included Bank of India and SBI, each up 2%. Meanwhile, the Nifty Metal index slipped 0.26%. Antique retained a 'Buy' rating on Macrotech Developers with a target of Rs 1,453, citing a 31% CAGR in pre-sales. NTPC is exploring small modular reactors to replace old thermal plants. Infonative Solutions debuted on BSE SME with a 20% discount.

 9:50 AM IST

Stock Market LIVE Update | Sensex rebounds 1,000 points | Nifty closes above 22,450

The Sensex rebounded by 1,000 points and the Nifty climbed above 22,450 on Tuesday, fuelled by strong buying in top-performing stocks. Titan shares surged 6.6% to Rs 3,222 after a 25% YoY Q4 growth, led by jewellery and watches. The company also added 72 stores, expanding its network to 3,312. Adani Ports rose 3.6% following the operational launch of the Colombo West Terminal. Tata Motors rallied 4.6% despite JLR reporting flat FY25 volumes. BEL and JSW Steel also saw notable gains.

 9:15 AM IST

Stock Market LIVE Update | Sensex jumps 1,200 points | Nifty crosses 22,550 in early trade

Sensex rebounded by 1,200 points, pushing Nifty past the 22,550 mark in early trade, even as the rupee declined by 16 paise to 85.92 against the US dollar. Top gainers included Tata Steel, Tata Motors, and Bharat Electronics. Titan shares are expected to remain in focus following its strong Q4 update, which showed 25% year-on-year growth led by jewellery and watches. Titan’s store count has also surpassed 3,300, reinforcing its retail expansion and market leadership.

GIFT NIFTY: Gift Nifty suggests a positive opening for the Indian markets and is likely to trade in the broad range of 21,900 -22,800.

INDIA VIX: 22.79 | +9.04 (65.70%) ↑ today

Latest Market News

1. Bharat Electronics bags ₹2,210 crore order for Electronic Warfare (EW) suite for the Indian Air Force from the Defence Ministry.

2. ⁠Auto Stocks - India may cut car import tax from 100% to 10% under the EU deal, local firms want 30%.

3. ⁠OMCs - India hikes excise duty by ₹2 each on petrol and diesel; No change in retail prices.

4. ⁠Titan: In its fourth quarter business update, the company reported a year-on-year growth of 22% in CaratLane. The standalone business of the company saw an uptick of 25% compared to last year.

5. ⁠P N Gadgil Jewellers: The company reported in its business update a consolidated revenue growth of 26% year-on-year. The retail segment grew 50% compared to last year while the e-commerce segment grew 244% when compared to the year-ago period. 

6. ⁠Brigade Enterprises: The company signed a joint development agreement for a 10-acre residential project in Mysuru, with a gross development value estimated.

7. ⁠FIIs net sell ₹9,040.01 crore while DIIs net buy ₹12,122.45 crore in equities yesterday(provisional).

In-Depth Market Insights: Global Outlook, Derivatives & More

Other Asset Classes

1. Treasury Yields: 

   • US Treasury yields moved higher, with the 10-year rate jumping 22.1 basis points to 4.21% and the two-year rate gaining 12 basis points to 3.79%.

2. Currency: 

   • The dollar index was trading a little above 103.

3. Commodities:

   • West Texas Intermediate crude oil dropped 1.7% to $60.96 a barrel following a nearly 11% slump last week. Brent crude oil futures rose to around $65 per barrel.

   • Gold declined 1.2% to $3,000.40 per troy ounce, while silver rose 2.5% to $29.97 per ounce.

Asian Markets

1. General Trends:

   • Japan's Nikkei share average rose 6% on Tuesday in a widespread rally, rebounding from a 1-1/2-year low hit in the previous session.

2. Specific Index Performance:

   • The Nikkei index was up 5.9% at 32,959.59. The broader Topix traded 6.14% higher at 2,428.64.

   • The S&P/ASX 200 Index rose 1.1% to above 7,420 on Tuesday, recouping some losses from the previous session amid hopes that major trading partners could reach a deal with the US on tariffs.

   • US Treasury Secretary Scott Bessent said that almost 70 countries, including Japan, have contacted the White House to negotiate tariffs. However, volatility is expected to remain high as Trump threatened China with another 50% tariff on top of existing levies if Beijing does not lift its duties on US imports.

   • South Korean Shares End 4-Session Losing Streak, its benchmark KOSPI rose 1.4% to 2,361 points.

India Market Outlook

1. Market in Previous Session:

   • The market plunged amid concerns that steep U.S. tariffs and retaliatory measures from other countries could trigger a full-blown trade war. 

   • In the near term, the market trajectory is expected to hinge on evolving developments surrounding the tariff saga. Any favorable cues could act as a catalyst for a sharp rebound, while a sustained overhang of negative sentiment may exacerbate the downside, dragging indices to deeper lows.

   • While India may face a relatively limited impact, investors are urged to tread cautiously amid the ongoing turmoil.

   • At close, the Sensex was down 2,226.79 points or 2.95 percent at 73,137.90, and the Nifty was down 742.85 points or 3.24 percent at 22,161.60. 

   • All sectoral indices closed deep in the red, with the Nifty Metal index leading the decline, tanking 6.7%. Realty followed suit, slipping 5.6%, while Media, PSU Bank, Auto, Energy, and IT indices registered cuts in the range of 2.5% to 4%, reflecting broad-based sectoral weakness.

   • BSE Midcap and Small-cap indices shed 3.4 percent and 4 percent, respectively.

TRADE SETUP FOR APR 08

1. Nifty Short-Term Outlook:

   • Index on Monday traded with downward bias as escalating trade war tension kept sentiment weak. Nifty post a gap down opening traded in a 400 points range (21,800-22,200) to close the session sharply lower, thus extending the sharp decline for the second session in a row.

   • Traders should avoid aggressive positions and wait for stability to return to the equity market. Nifty has immediate support at 21,800-21,750, being the confluence of Monday’s low and 24 months EMA.

   • Index holding above the support levels can lead to a pullback towards 22,600 & 22,900 levels in the coming sessions from the current oversold territory being the Monday's gap down area. Only a breakdown below 21,750 will signal an extension of the decline towards the Election outcome day low placed around 21,300 levels.

2. Intraday Levels:

   • Nifty: Intraday resistance is at 22,580 followed by 22,700 levels. Conversely, downside support is located at 22,050, followed by 21,900.

   • Bank Nifty: Intraday resistance is positioned at 51,000, followed by 51,370, while downside support is found at 49,710, followed by 49,400.

Derivative Market Analysis

1. Nifty:

   • Call writers appear to be active across strikes above 22,000 up to 22,500 and 22,700, indicating multiple resistance levels and suggesting limited upside.

   • Put writers have unwound their positions, and not much participation is being observed from them, which indicates caution and the possibility of further downside.

   • A price breach below 22,000 may trigger a decline toward the 21,500 level. On the flip side, if the index surpasses and sustains above 22,200, an upside move toward 22,500 can be expected.

   • According to the option chain, the immediate range for Nifty is between 22,000 and 22,700.

   • The Nifty Put-Call Ratio (PCR) has declined by 0.02 and is now positioned at 0.72.

2. Bank Nifty:

   • In-the-money call writing has been noted, with additional call writing observed at the 50,000 strike, suggesting that price holding below 50,000 could trigger further downside.

   • Put writers have unwound their positions, indicating caution regarding a potential downside move.

   • The dominance of call writers is clearly visible up to the 50,500 and 51,000 strike levels. A short-covering rally is only possible if the price sustains above 50,500.

US Share Market News

1. Performance Overview:

   • US benchmark equity indices closed mostly lower on Monday following a volatile trading session as President Donald Trump threatened more tariffs against China.

2. Sector-Specific Movements:

   • The S&P 500 fell 0.2% to 5,062.3, while the Dow Jones Industrial Average fell 0.9% to 37,965.6. The Nasdaq Composite edged 0.1% higher at 15,603.3 on Monday. Barring communication services and technology, all sectors closed lower on Monday, led by real estate and materials.

3. Economic Indicators: 

   • Yesterday, speculations surfaced regarding a 90-day tariff pause, but the White House quickly dismissed the rumor.

   • Trump said his administration would impose an additional 50% tariffs on China, effective Wednesday, unless Beijing reverses its recent retaliatory actions. Additionally, all talks with China concerning their requested meetings will be terminated.

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