Stock Market Today: Persistent Systems Share Price Gains Post Q4 Revenue, Profit Rise

Persistent Systems Ltd. saw a 3.67% rise in its share price on Thursday following the announcement of its fourth-quarter earnings.

Sectoral Performance At Open: Nifty Defense Leading Gains On NSE

Out of 15 sectoral indices on National Stock Exchange, three declined, three remained flat, and nine sectoral indices advanced. The NSE Nifty Defense was leading in gains, while the NSE Nifty Finance declined the most.

Nifty Contributors: HDFC Bank, Bharti Airtel Weigh

HDFC Bank Ltd., Bharti Airtel Ltd., ICICI Bank Ltd., Eternal Ltd., and Tata Consumer Products Ltd. weighed on the Nifty 50 index.

Bajaj Finance Ltd., State Bank of India, Tata Motors Ltd., Axis Bank Ltd., IndusInd Bank Ltd. added to the Nifty 50 index.

Stock Market Live Update: Nifty, Sensex Snaps Seven-Day Winning Streak At Open As HDFC Bank Weighs

The NSE Nifty 50 and BSE Sensex snapped a seven-day winning streak at open on Thursday as HDFC Bank Ltd. share price dragged. The Nifty 50 and Sensex were trading 0.18% and 0.16% down, respectively as of 9:19 a.m.

“Immediate resistance for the Nifty is seen at 24,545, which happens to be a 61.8% retracement of the entire fall from 26,277(the All-Time High) to 21,743(the 7th April 2025 Low). Support for the Nifty has shifted upwards to 24,072,” said Devarsh Vakil, head, prime research at HDFC Securities

Stock Market Today: Nifty, Sensex Trade Higher At Pre-Open

At pre-open, the NSE Nifty 50 was trading 0.46% higher at 24,277.90, and the BSE Sensex was trading 0.58% higher at 80,058.43.

India Money Market Update: Rupee Extends Losses Against US Dollar; 10-Year Bond Yield Flat 

Rupee Opens Weaker Against US Dollar

  • Rupee opened 18 paise weaker at 85.60 against US dollar

  • It closed at 85.42 a dollar on Wednesday

Source: Bloomberg

Yield On The 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat at 6.32%

Source: Bloomberg

Persistent Systems Q4 FY25 Conference Call

  • Healthcare vertical pressure for the industry could emanate opportunities for us

  • Currently Healthcare smaller share for us vs industry

Stock Market Live Update: UBS India Strategy

Upgrade India to Neutral from Underweight; still prefer China over India

China remains our key overweight market

Positive on the Indian market for four reasons:

  • expect a consumption-led recovery in FY26 and FY27

  • lower oil prices aid GDP growth and help in lower inflation

  • India looks better placed than its Asian peers to weather US tariffs impact and a global growth slowdown

  • valuations are reasonable

Prefer financials, consumption, auto; cautious on industrials, IT and pharma

Expect 8% upside in Nifty 50; one year target of 26,000

Stock Market Live Update: Samhi Hotels Partners With GIC 

Samhi Hotels has partnered with GIC for a hotel investment platform with a planned investment of up to $300 million. The partnership will start with 5 hotels owned by SAMHI, valued at approximately Rs 2,200 crore.

Stock Market Today: Waaree Energies Gets Jefferies Downgrade Despite 25% Stock Rally

Jefferies has downgraded Waaree Energies Ltd. from ‘hold’ to ‘underperform’, despite a strong fourth quarter performance and positive financial year 2026 guidance. The downgrade follows a sharp 25% rally in the stock over the past month.

Read the full article here.

Gold Prices Rebounds From Steepest Decline In Five Months

Gold prices rebounded from the steepest decline in five months as the US President Donald Trump signaled that the final tariff on China will likely be less than 145%. He also clarified that he has no intention to fire Fed Chair Jerome Powell.

The Bloomberg spot gold was trading 1.96% higher at $3,352.81 an ounce.

Asia Market Update: Most Share Indices Rise As Fears About US-China Trade Ties Lessen

Most markets in the Asia-Pacific region were trading higher Thursday morning as risk sentiments among investors continued to recover amid less fears about US and China trade relationships.

The Nikkei 225 and S&P ASX 200 were trading 0.96% and 0.65% higher, respectively as of 7:54 a.m.

Meanwhile, investors logged losses in South Korea after data from the Bank of Korea showed GDP contracted 0.2% in the first quarter sequentially. Economists expected the economy to grow 0.1% in the first quarter.

The KOSPI was trading 0.54% down at 2,511.88 as of 7:58 a.m.

US Market Update: Share Indices Extend Rally

US share indices extended rally Wednesday as optimism over a possible pause in the tension between US and China continued to support risk-sentiments among traders.

The Dow Jones Industrial Average and S&P 500 ended 1.07% and 1.67% higher, respectively. The Nasdaq Composite ended 2.50% higher.

GIFT Nifty Indicates Muted Open; Bajaj Housing, Biocon, LTIMindtree, NHPC Shares In Focus

The GIFT Nifty was trading flat early trade Thursday, which implied a flat open for the Nifty 50. LTIMindtree Ltd., Bajaj Housing Finance Ltd., Rallis India Ltd., Dalmia Bharat Ltd., and Can Fin Homes Ltd. share prices may react in Thursday’s session.

The GIFT Nifty was trading flat at 24,260.50 as of 6:56 a.m.

The NSE Nifty 50 and BSE Sensex extended their gaining streak to seventh day and finished at the highest level since mid December 2024. The rally in the benchmark indices got support from a surge in technology stocks. Infosys Ltd., HCLTech Ltd., and Tata Consultancy Services Ltd.’s share prices contributed the most to gains in the Nifty 50.

The Nifty 50 ended 115.10 points or 0.48% higher at 24,282.35, and the Sensex ended 520.90 points, or 0.65% up at 80,116.49.

. Read more on Markets by NDTV Profit.The Nifty 50 and Sensex snapped a seven-day streak as HDFC Bank and Bharti Airtel Ltd. weighed.Track live updates on Indian stock markets here on April 24.  Read MoreMarkets, Notifications 

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