Sensex jumps over 1,600 points; Nifty tops 23,300 on US tariff relief
Benchmark equity indices Sensex and Nifty50 opened sharply higher on Tuesday, driven by broad-based buying across sectors, after U.S. President Donald Trump announced exemptions for electronics from steep “reciprocal” tariffs. At 9:56 am, the BSE Sensex surged 1,610 points, or 2.14%, to 76,767, while the Nifty50 jumped 493 points, or 2.16%, to 23,321. The market…
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HDFC Bank shares jump 4% after 25 bps savings account interest rate cut
Shares of HDFC Bank jumped 3.8% in Tuesday’s early trade to their day’s high of 1875 on the NSE after the lender announced a reduction in its savings account interest rate, bringing it to 2.75%, the lowest among large private sector peers. The bank has lowered the rate by 25 basis points, with the revised…
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India VIX keeps Nifty’s 23,000 hopes on ice, says Geojit’s Anand James
Elevated levels of Dalal Street’s fear gauge, India VIX, suggest that caution is still lurking and making it tougher for Nifty to zoom past 23,000, says Anand James, Chief Market Strategist, Geojit Financial Services. Edited excerpts from a chat: Nifty saw sharp swings on both sides last week as Trump’s tariff-related news flow made it…
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Stock market Holidays 2025: Are NSE, BSE open or closed on April 14 for Ambedkar Jayanti 2025
Indian stock exchanges NSE and BSE will remain shut for Ambedkar Jayanti on April 14. Accordingly, all the segments including derivatives and equities will be closed. After a hectic few days of volatility, traders will enjoy a much needed break as the current week will have only three sessions. Is MCX open for Ambedkar Jayanti?…
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Muted Q4 for banks as NIMs squeeze and tepid loan growth to hit earnings. 4 things to watch out for
Banks are expected to report yet another muted quarter, with Q4FY25 earnings taking a hit due to slower-than-expected loan growth and pressure on net interest margins. While the 25 bps rate cut in the February monetary policy by the Reserve Bank of India (RBI) is expected to show its impact, another 25 bps cut announced…
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Stocks to watch: Macquarie identifies 6 potential doublers over next 3 years
Global brokerage Macquarie has unveiled its latest India Strategy report, spotlighting IRCTC and AB Capital among six stocks it believes have the potential to deliver 2x returns over the next three years. These stocks, dubbed as the “Rising Stars”, are expected to benefit from strong structural tailwinds, shifting consumer trends, and a favorable domestic macroeconomic…
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IT, bank stocks drag Sensex by 1,200 points over tariff fears; Nifty below 23,250
Indian benchmark indices traded lower on Tuesday, weighed down by banking and IT stocks, amid uncertainty over Donald Trump’s upcoming tariff announcement. The BSE Sensex was trading 1,218 points, or 1.57%, lower at 76,201. The Nifty50 was down 327 points, or 1.39%, trading at 23,192 around 11:53 am. From the Sensex pack, IT stocks like…
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M-cap of 9 of top-10 most-valued firms surges Rs 3 lakh crore; ICICI Bank, Airtel top gainers
The combined market valuation of nine of the top-10 most-valued firms surged Rs 3,06,243.74 crore last week, with ICICI Bank and Bharti Airtel emerging as the biggest gainers, in tandem with a bullish trend in equities. Last week, the BSE benchmark gauge surged 3,076.6 points, or 4.16 per cent, and the NSE Nifty jumped 953.2…
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