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Iran’s mining threat and tighter controls around the Strait of Hormuz are disrupting shipping, lifting freight rates and oil prices, and raising immediate fuel and LPG risk for India.
Infosys shares slid after Q4 FY26 results as FY27 constant-currency growth guidance of 1.5-3.5% and cautious brokerage notes outweighed a sharp QoQ profit rise.
Atul Auto shares jumped over 10% after it signed an MoU with Exponent Energy to manufacture and supply 15,000 electric three-wheelers worth ₹490.5 crore.
Stocks including Infosys, Indian Energy Exchange, Cyient, Rolex Rings and Mahindra Logistics moved on earnings and corporate actions, keeping traders focused on April 24.
Sensex and Nifty slid as US-Iran tensions lifted crude above $110, pushed bond yields higher and weakened the rupee, with foreign outflows and bank-heavy selling deepening losses.
IBM’s sharp stock drop on AI-led COBOL modernisation fears spilled into Dalal Street, dragging Nifty IT and key exporters as investors reassessed legacy-services revenue risk.
JPMorgan downgraded Indian equities to Neutral, cut Nifty 50 bull, base and bear targets, and flagged valuation and macro risks amid broader global brokerage caution.
HSBC cut Indian equities to underweight as Brent stays above $90, FPIs pulled $18.5 billion in 2026, and higher crude threatens earnings and the rupee.
Social media discussion is centred on US tariff penalties linked to India’s Russian oil imports, their effective dates, exceptions, and a proposed path to an 18% rate.
Trent shares fell to ₹4,251 after Q4 FY26 results, even as revenue and profit growth headlines mixed with concerns on demand, valuation, and FII selling.
Trump’s order to target Iranian mine-laying boats and the US seizure of an alleged smuggling-linked tanker have heightened Hormuz disruption risks, lifting oil prices and uncertainty.
UTI AMC shares fell over 5% after the asset manager reported a Q4 FY26 loss, driven by mark-to-market hits and a sharp jump in total expenses.
UTI AMC fell over 5% after reporting a ₹51.4 crore Q4FY26 loss on MTM-led other income hit, even as revenue and AUM grew year-on-year.
Indian equities fell for a second session as Brent crude climbed above $104 amid West Asia tensions, while foreign investors stayed net sellers and heavyweight stocks dragged benchmarks.
Indian IT stocks slid sharply after HCLTech’s Q4 miss and FY27 guidance, with Nifty IT near a three-year low amid oil above $106 and persistent FII selling.
Wipro’s March-quarter commentary and broker notes highlight a margin beat and a ₹15,000 crore buyback, but also weak revenue momentum, BFSI challenges, and cautious near-term guidance.