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Informist, Wednesday, Apr. 1, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: InterGlobe Aviation shrs up 10% on new CEO, relief on ATF prices

 

MUMBAI--1214 IST--Shares of InterGlobe Aviation rose nearly 10% to the day's high of INR 4,324 and the stock was the top gainer in the Nifty 50 index. The IndiGo operator appointed William Walsh as the company's new chief executive officer after Pieter Elbers resigned from the position in March. Moreover, the government said state-run oil companies would pass on only 25% of the expected price hike for aviation turbine fuel on domestic routes to airlines.

 

Walsh is expected to assume charge by Aug. 3, following the end of his tenure as director general of the International Air Transport Association on Jul. 31. Signs of de-escalation in the US-Iran conflict also aided sentiment towards the company's stock.

 

At 1208 IST, InterGlobe Aviation's shares were nearly 7% higher at INR 4,203.40 on the National Stock Exchange. Nearly 3 million shares of the company changed hands on the bourse, higher than over 923,000 shares traded till the same time Monday. (Adhithya Aji) 

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Equity Alert: Indices come off highs; energy, pharma cos limit gains

 

MUMBAI--1130 IST--Benchmark indices came off their opening highs as shares of pharmaceutical and energy companies slipped into the red. Earlier, all constituents of the Nifty 50 traded higher. Stocks of major information technology, metal, and automobile companies continued to trade higher, though they pared some gains. At 1200 IST, the Nifty 50 was at 22791.70 points, up 2.1% and the BSE Sensex was at 73520.15 points, up 2.2%.

 

InterGlobe Aviation was the top performer in the 50-stock index, trading nearly 7% higher. On Tuesday, the company announced the appointment of its new chief executive officer, William Walsh. Walsh had previously served as the chief executive officer of British Airways and the International Airlines Group.

 

Shares of defence manufacturer Bharat Electronics traded nearly 6% higher. The defence company said it made a turnover of INR 267.50 billion in 2025-26 (Apr-Mar), up over 16% on year. The company also recorded an export sale of $141.9 million for the period, 34% higher than export sales a year ago. 

 

Shares of IT majors Tata Consultancy Services, Infosys, Wipro, HCL Technologies were up 2-4% and the Nifty IT index was among the highest gainers among its sectoral peers. The sectoral index was up 3.4%. Shares of aluminium producer Hindalco Industries were up nearly 4%, leading the gains among metal companies in the Nifty 50 index. Shares of Tata Steel and JSW Steel were up around 2.6?ch. Stocks of select financial service companies such as Bajaj Finance and Shriram Finance were also among the top gainers in the index, up roughly 4?ch.

 

A fall in the shares of select energy and pharmaceutical companies limited the gains in the index. Shares of Cipla and Dr. Reddy's Laboratories were down 1% and 0.4%, respectively. Shares of state-owned energy companies Power Grid Corp. Of India, Coal India, and NTPC were down around 1?ch. Apollo Hospitals Enterprises and HDFC Life Insurance Co. were the worst hit stock in the Nifty 50, down over 1?ch.  

 

Shares of shipping companies Cochin Shipyard and Mazagon Dock Shipbuilders led the gains in the Nifty 200 index and were up 12% and 10%, respectively, while shares of home appliance companies Voltas and Blue Star limited the gains of the index, falling 1.4%. In the Nifty 500 index, Garden Reach Shipbuilders & Engineers continued to be the highest gainer, up over 17%. The stock rose after the company said it posted a higher annual turnover of INR 64 billion for FY26.  (Shruti Nair)

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Equity Alert: Indices begin FY27 on optimistic note; all Nifty 50 cos higher

 

MUMBAI--0945 IST--Domestic equity market saw an optimistic start to the financial year 2026-27 (Apr-Mar), opening sharply higher Wednesday on hope of de-escalation in the US-Iran war. The indices opened higher after slipping sharply for the previous two sessions. In the latest development on the US-Iran war, US President Donald Trump told reporters that he expects the US military forces to leave Iran in "two or three weeks." The move came after reports that Iranian President Masoud Pezeshkian was open to ending the war with the US and Israel as long as certain conditions are met.

 

"The market might start discounting de-escalation earlier than the event," V.K. Vijayakumar, chief investment strategist at Geojit Investments, said in a note.

 

At 0929 IST, the Nifty 50 was at 22927.80 points, up 596.40 points or 2.7% and the BSE Sensex was at 73888.39 points, up 1940.84 points or 2.7%. All the constituents of the Nifty 50 were higher in opening trade. India VIX, the fear gauge of the domestic equity market, was down 10% at 25.0875, indicating an ease in nervousness among investors.

 

All the broader market and sectoral indices were also higher. The Nifty midcap and smallcap indices were up around 3%. The sectoral indices also had a positive start with the Nifty Media gaining the most. The sectoral index was up over 3%.

 

Trent was the top gainer among the Nifty 50 constituents, up over 6%. The stock gained after falling for the previous two sessions. It was followed by Bharat Electronics, up nearly 6%. Shares of Bharat Electronics rose after the company received orders worth INR 67.95 billion.

 

All the defence sector stocks rose in early trade, with Garden Reach Shipbuilders & Engineers and Cochin Shipyard being the top gainers. Garden Reach Shipbuilders was up almost 16%, while Cochin Shipyard gained 12%.

 

Shares of Coforge rose nearly 5?ter the Reserve Bank of India gave the nod for overseas investment under Foreign Exchange Management Act rules. Avenue Supermarts rose nearly 7% on news of the company opening 12 new stores.  (Arundathi A R)

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Equity Alert: Asian markets gain on hope West Asia war may end soon

 

MUMBAI--0814 IST---Stock markets in Asia opened higher Wednesday after US President Donald Trump suggested that the US may leave Iran in a few weeks. Iranian President Masoud Pezeshkian is also open to ending the war if essential conditions are met, according to media reports.

 

All the major markets were in the green with South Korea's Kospi leading the gains. The Kospi index was over 6% higher during early trade. Trading on the index was briefly halted for five minutes after equities surged over 5% intraday, DowJones Newswires reported.  

 

Japan's Nikkei 225 and Topix were up nearly 4%. Better-than-expected results of the Bank of Japan's Tankan business survey also supported market sentiment. The business sentiment index for large manufacturing enterprises rose to 17 in the quarter ended March. Bloomberg and Reuters had estimated this figure at 16.

 

Meanwhile, Brent Crude oil futures declined from $116 levels, but they continue to hover near $105 per barrel. High crude oil prices may continue to pose a risk for Asian markets as most countries are net importers of crude oil.

 

Following were the levels of major Asian indices at 0815 IST:

 

Index	Level	Change in %
CSI 300 Index	4509.6085	1.34
Hang Seng Index	25233.52	1.80
Nikkei 225 Day	53152.85	4.09
TOPIX FIRST SECTION	3630.29	3.79
KOSPI	5393.41	6.75
FTSE Singapore Strait Times	4966.54	1.66
S P/ ASX 200 INDEX	8629.6	1.74

 

(Ruchira Kagita)

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Equity Alert: Indices may open higher on hopes of de-escalation in Iran war

 

 

MUMBAI--0817 IST--Benchmark indices are expected to open higher on Wednesday, setting a positive start for the financial year 2026-27 (Apr-Mar) amid hopes of de-escalation in the US-Iran war. Late Tuesday, US President Donald Trump told reporters that he expects the US military forces will leave Iran in "two or three weeks." Major equity indices across Asia were higher in early trade Wednesday on renewed hopes of a de-escalation in the war. 

  

The US has achieved the goals set before airstrikes against Iran began late last month in conjunction with Israel, Trump said. The primary goal of curtailing Iran's ability to obtain a nuclear weapon has been reached and the US is now "finishing the job." Additionally, Trump has told aides he's willing to end the military campaign against Iran even if the Strait of Hormuz remains largely closed, The Wall Street Journal reported citing administration officials. The move came after reports that Iranian President Masoud Pezeshkian was open to ending the war with the US and Israel as long as certain conditions are met.

 

Iranian Foreign Minister Abbas Araghchi confirmed that messages had been exchanged with the US, either directly or through countries in the region, Al Jazeera reported. However, Araghchi said the contact with the US did not mean that Tehran was in negotiations with Washington, the report said. Further, Iran's Revolutionary Guards on Tuesday threatened to attack American companies in the Gulf region, including Microsoft, Google, Apple, Intel, IBM, Tesla and Boeing, from Apr. 1, reports said. 

Gift Nifty indicates a positive start for the domestic market. At 0807 IST, the April futures contract of Gift Nifty traded at 22770.50 points, over 400 points higher than the Nifty 50's close Monday. Domestic equity markets were shut Tuesday for Mahavir Jayanti. 

 

The Nifty 50 index has strong support placed at 22500 points, which also acts as a key psychological level, Sundar Kewat, technical and derivative analyst at Ashika Institutional Equities, said. On the upside, 23000-point level stands as an immediate resistance and the 50-stock index is likely to face selling pressure around this zone. Any rise towards 23000 points can be considered a selling opportunity, with a possible downside move back towards the 22500 level, he added. 

 

As announced in the Union Budget for FY27 on Feb. 1, the increase in securities transaction tax on futures trades to 0.05% from 0.02% will come into effect from Wednesday. Automobile stocks will be in focus with major domestic companies announcing their monthly sales data. March automobile despatches are expected to have grown in double digits on year across segments, amid higher demand aided by festival tailwinds, year-end buying, strong rural cash flows, and better availability of financing, analysts said.  (Arya S. Biju)

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Equity Alert: US indices see best day since May on hope of end to W Asia war

 

MUMBAI--0746 IST--All major indices on Wall Street closed with stellar gains Tuesday, with the technology-heavy Nasdaq outperforming its peers after US President Donald Trump said the war in Iran might end soon. Trump said the US would Iran leave in two-three weeks. "We leave because there's no reason for us to do this," Trump told reporters at the White House.

 

The Dow Jones, S&P 500, and Nasdaq Composite recorded their highest one-day gains since May 2025. The Nasdaq Composite closed 3.9% higher Tuesday. All the 'magnificent seven' stocks closed 3-7% higher. All major chip stocks also ended with 3-8% gains.

 

Trump's comments come even as the Strait of Hormuz remains closed. While global crude oil prices fell significantly, May futures of Brent crude oil continue to hover around $105 per barrel on Wednesday.

 

Job openings in the US declined by 358,000 to 6.88 million in February, according to the US Job Openings and Labor Turnover Survey. This is lower than Reuters' poll estimate of 6.91 million. The hiring rate fell to 3.1% in February from 3.4% in January. The survey said that only 4.8 million workers were hired in February, the lowest since March 2020 at the start of the COVID-19 pandemic.

 

Following are the closing levels of US indices Tuesday:

 

Index	Level	Change in %
S&P 500	46341.5	2.91
NASDAQ Composite	21590.629	3.83
Dow Jones Industrial Average	6258.52	2.49

 

(Ruchira Kagita)

 

End

 

US$1 = INR 94.83

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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