Equity Alert
Hopes of West Asia war ending drive European markets higher
This story was originally published at 15:26 IST on 1 April 2026
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Equity Alert: Hopes of West Asia war ending drive European markets higher
MUMBAI--1504 IST--European stocks opened on a strong note after US President Donald Trump suggested the war with Iran may end soon. Trump said the US may leave Iran in 2-3 weeks. A slight decline in Brent Crude futures to $101 per barrel supported the bullish market sentiment. Markets in the United Kingdom, France, Germany, Spain, and Italy were up 1.5-3%. The pan-European Stoxx 600 was up over 2% in early trade. Barring the energy sector, all sectoral indices on the Stoxx 600 gained over 2% in opening trade.
S&P Global's Eurozone Manufacturing Purchasing Managers' Index grew to its highest level since 2022 of 51.6 in March from 50.8 in February. Manufacturing purchases in the region grew even as inflation had surged to a 41-month high, S&P Global noted in its press release. "While factory production and order growth rates held steady in March, expansions were tepid. It therefore might not take too much to bring output and sales volumes lower," Joe Hayes, principal economist at S&P Global Market Intelligence, said in the report.
Earlier Tuesday, eurozone inflation surged to 2.5% in March, considerably above the 2% target set by the European Central Bank. The rise in inflation was spurred primarily by a rise in energy prices. Investors will also keep an eye out for the eurozone employment data due later Wednesday.
Following were the levels of major European indices at 1452 IST:
|
Index |
Level |
Change in % |
| FTSE 100 Index | 10348.57 | 1.69 |
| CAC 40 | 7938.34 | 1.55 |
| FTSE MIB INDEX | 45514.09 | 2.72 |
| DAX PERFORMANCE-INDEX | 23105.26 | 1.87 |
| SLI | 2064.68 | 1.48 |
(Ruchira Kagita)
Equity Alert: Indices off highs as pharma cos extend losses; bank shrs gain
MUMBAI--1503 IST--Indices came off highs as pharmaceutical stocks fell further, while banking and defence stocks contributed to the gains. Dr. Reddy's Laboratories, Cipla, and Sun Pharmaceutical Industries extended losses and were down 2-4%. At 1452 IST, the Nifty 50 was at 22649.85, up 1.4% and the BSE Sensex was at 73070.77 points, up 1.6%.
InterGlobe Aviation cemented its position as the top gainer on the Nifty 50 throughout the session, up over 6%. Adani Ports and Special Economic Zone rose nearly 6% while Adani Enterprises was up over 5%. Shares of Trent and Bharat Electronics rose around 5?ch as well. Bharat Electronics Wednesday said its turnover rose over 16% on year to INR 267.50 billion in 2025-26 (Apr-Mar). The defence company recorded export sales worth $141.9 million, up around 34% on year.
State Bank of India, Jio Financial Services, Axis Bank, and Bajaj Finance rose 2-4%. Index heavyweights ICICI Bank and HDFC Bank rose nearly 1% and 2%, respectively. In contrast, HDFC Life Insurance Co. fell nearly 4%. Healthcare stock Apollo Hospitals Enterprise was down nearly 2%.
Among sectoral indices, Nifty India Defence was the best performer, up nearly 5%. Barring Bharat Forge, all constituents of the index traded higher. Garden Reach Shipbuilders & Engineers, Cochin Shipyard, and Mazagon Dock Shipbuilders rose 11-18%, contributing to the gains in the index. Nifty PSU Bank rose nearly 4%, with all the constituents of the index trading higher. Shares of Punjab & Sind Bank, Bank of Maharashtra, UCO Bank, Central Bank of India, and Indian Bank rose 4-6%.
In the Nifty 200 index, Cochin Shipyard was the top gainer, up nearly 12%, while shares of Blue Star fell nearly 5% to be the worst hit stock in the index. Among Nifty 500 stocks, Ola Electric Mobility rose over 12% after the company's daily orders crossed 1,000 units in the last week of March and its registrations during the month rose 150% to 10,117 units from 3,973 units in February. (Adhithya Aji)
Equity Alert: Avenue Supermarts jumps 8.5% as total store count reaches 500
MUMBAI--1450 IST--Shares of Avenue Supermarts jumped 8.5% to an over three-month high of INR 4,294.80 after the company said its total store count had reached 500. This was the sharpest rise in its shares since Feb. 10, 2020.
On Monday, the D-Mart operator said it had added 12 new stores across seven states. In the December quarter alone, the company added around 58 new stores, a CNBC-TV18 report said. The company added 85 new stores in 2025-26 (Apr-Mar), higher than the 50 added in FY25, 41 in FY24, and 40 in FY23. At 1438 IST, shares of the company traded 7.7% higher at INR 4,260 on the NSE. Over 2 million shares of the company have changed hands on the bourse so far in the day, slightly higher than the 1.3 million shares traded till the same time Monday. The market was shut on Tuesday for Mahavir Jayanti.
Despite the rise in store additions, analysts are split on the company's stock outlook. Of the seven brokerage reports available with Informist on the stock, three each have a 'buy' and 'hold' recommendation each, while the remaining one says 'sell'. (Eshitva Prakash)
Equity Alert: Asian mkts up on hopes of end to W Asia war; KOSPI beats peers
MUMBAI--1430 IST--All Asian equity indices snapped their losing streak to end higher Wednesday after US President Donald Trump signalled that hostilities between the US and Iran may cease soon. The June contract of Brent Crude oil futures also slipped below the $100-per-barrel mark, supporting market sentiment.
South Korea's KOSPI outperformed its peers by a significant margin, ending nearly 8.5% higher. The benchmark index logged its biggest intraday gains since Mar. 5. Shares of heavyweight Samsung Electronics Co. rose over 13%, lending major support to the benchmark index. Trading on KOSPI was briefly halted for five minutes after equities surged over 5% intraday, DowJones Newswire reported. Meanwhile, indices in Japan were the second-best performers in the region, with the Nikkei 225 and Topix closing around 5% higher each. The Nikkei saw its biggest daily gains in almost one year.
China's CSI 300 index ended almost 2% higher Wednesday as bullish sentiment due to easing West Asia hostilities supported global markets. Meanwhile, the RatingDog China General Manufacturing Purchasing Managers' Index fell to 50.8 in March from 52.1 in February.
Following were the levels of major Asian indices at 1402 IST:
|
Index |
Level |
Change in % |
| CSI 300 Index | 4526.0668 | 1.71 |
| Hang Seng Index | 25294.03 | 2.04 |
| Nikkei 225 Day | 53739.68 | 5.24 |
| TOPIX FIRST SECTION | 3670.9 | 4.95 |
| KOSPI | 5478.7 | 8.44 |
| FTSE Singapore Strait Times | 4967.49 | 1.68 |
| S P/ ASX 200 INDEX | 8671.8 | 2.24 |
(Ruchira Kagita)
Equity Alert: Indices remain higher; broader mkt indices up around 3%
MUMBAI--1352 IST--The domestic headline indices continued to remain in positive territory though they came off the highs touched in early trade. Select pharmaceutical companies in the Nifty 50 index declined, shedding their initial gains. At 1332 IST, the Nifty 50 was up almost 2% at 22769.50 points, while the BSE Sensex was over 2% higher at 73472.37 points. As many as 13 constituents of the 50-stock index slipped into the red.
Broader market indices outperformed their benchmark peers with the Nifty SmallCap 100 up over 4%. All midcap indices were over 3% higher. India VIX continued to indicate an easing of nervousness of investors. The fear gauge was down nearly 2% at 24.6200.
Barring the Nifty Pharma and the Nifty Healthcare, all other sectoral indices rose. The Nifty PSU Bank was the top gaining sectoral index, up nearly 5%. All the constituents of the sectoral index were in the green.
InterGlobe Aviation led gainers in the Nifty 50 index, up over 8%. The stock rose after closing lower for the past two sessions during which it shed over 8%. Adani Ports and Special Economic Zone, and Adani Enterprises were the second and third top gainers, respectively, of the Nifty 50 index. Shares of Adani Ports were up over 6% and those of Adani Enterprises were trading almost 6% higher.
All the constituents of the Nifty Auto were trading higher as some of the automobile companies released their monthly auto data Wednesday. Eicher Motors, up over 4%, registered a 10.1% on-year increase in total commercial vehicle sales to 13,311 units in March. Mahindra & Mahindra was up almost 4% and was one among the top gainers in the Nifty Auto index. The total vehicle sales units of the company rose 21% on year to 99,969.
Pharmaceutical stocks such as Dr. Reddys Laboratories, Sun Pharmaceutical Industries, and Cipla were down nearly 3%, capping further gains in the 50-stock index. (Arundathi A R)
Equity Alert: Oil marketing cos rebound as crude oil slips below $100 bbl
MUMBAI--1350 IST--Stocks of state-owned oil marketing companies opened higher Wednesday, but fell after that. However, the stocks rebounded after Brent crude oil futures slipped below $100 per barrel.
Despite declining over 11% from Tuesday, crude oil prices are still higher than pre-war levels. While the government's recent cut in excise duty and imposition of windfall tax on exports of diesel and aviation turbine fuel will aid oil marketing companies, their margins are likely to come under pressure, Emkay Global Financial Services said. These companies are likely to suffer losses of INR 218 billion of integrated automobile fuel under-recoveries per fortnight, the brokerage said. While the changes in duties will likely trim down their losses to INR 133 billion but the decrease may not be sustainable, Emkay noted.
Hindustan Petroleum may benefit the most among the three public sector oil marketing companies since it procures around 40% of its diesel from standalone refiners, Nomura said. While high crude oil prices have not yet been passed on at the local fuel stations, if Brent crude futures remain elevated, retail fuel prices may have to be hiked, Emkay said.
Amid the ongoing hostilities in West Asia, Iran is unlikely to let go of its strategic advantage of control over the Strait of Hormuz and hence, oil price could also remain elevated as long as the strait remains closed, JM Financial Institutional Securities said. At 1340 IST, shares of HPCL rose 2% while shares of Bharat Petroleum Corp. and Indian Oil Corp. were up around 1?ch. (Ruchira Kagita)
Equity Alert: Ship-making cos up as Garden Reach posts record turnover FY26
MUMBAI--1348 IST--Shares of ship manufacturers traded on a positive note Wednesday. Cochin Shipyard and Mazagon Dock Shipbuilders were the top gaining stocks in the Nifty 200 index, rising nearly 13% and over 12%, respectively. Garden Reach Shipbuilders & Engineers was the top gainer on the Nifty 500 index, up nearly 18%. Garden Reach shares rose after the company Tuesday said it recorded its highest annual turnover of INR 64 billion for 2025-26 (Apr-Mar), up 26% on year.
Garden Reach commissioned five vessels during FY26, including INS Himgiri, the first Project 17A Advanced Frigate, INS Ikshak, the third Survey Vessel, and the first three Anti-submarine Warfare Shallow Water Crafts – INS Arnala, INS Androth, and INS Anjadip.
Garden Reach Shipbuilders also delivered a total of eight vessels to the Indian Navy during the period, which includes two Project 17A frigates, two Survey Vessel Large ships and four Anti-Submarine Warfare Shallow Water Crafts, the company said in a filing. This development led to positive sentiment in its peers Cochin Shipyard and Mazagon Dock Shipbuilders as well.
At 1347 IST, Garden Reach Shipbuilding was up 18% at INR 2,328.50. Shares of Cochin Shipyard rose nearly 13% to INR 1,347.40, while shares of Mazagon Dock Shipbuilders rose nearly 12% to INR 2,306.20. These three stocks were the major conrtibutors to the gains in the Nifty India Defence that rose over 5%. (Adhithya Aji)
Equity Alert: Hyundai Motor down 4% as co's sales up only 2.5% YoY in March
MUMBAI--1310 IST--Hyundai Motor India fell nearly 4% to a six-month low of INR 1,709.50 and was the worst hit in both the Nifty 200 and Nifty 500 indices. The stock fell after the company's sales grew only 2.5% on year in March. The company's exports for the month fell 10% from a year ago.
The company sold 69,004 units in March and exports were at 13,940 units. In February, Hyundai Motor had reported a 13% on-year rise in sales. "While we stay mindful of the prevailing geopolitical uncertainties, Hyundai Motor India is well prepared for a strong FY2026–27," the company said in an exchange filing.
At 1304 IST, shares of the company were nearly 4% lower at INR 1,713.50, with over 2.6 million shares changing hands on NSE, higher than nearly 520,000 shares traded till the same time Monday. The stock has fallen nearly 9% over the last seven days and has declined nearly 21% over the last 30 days. (Adhithya Aji)
Equity Alert: Brokers, AMCs, BSE up as RBI defers capital mkt exposure norms
MUMBAI--1301 IST--Shares of brokerage firms, asset management companies, and the BSE rose after the Reserve Bank of India Monday deferred the implementation of its amended directions on capital market exposures until Jul. 1 from the earlier date of Apr. 1. The RBI removed the earlier restriction on banks extending finance to market makers against the specific securities in which they operate, in a bid to support market liquidity.
However, bank financing to capital market intermediaries for proprietary trading may be undertaken only against 100% collateral comprising cash or cash equivalents, as per the amended norms. The central bank has kept the collateral requirements in the final framework unchanged. Additionally, certain intraday facilities for non-debt mutual funds will no longer be classified as capital market exposure, the RBI said Monday.
This three-month breather for stockbrokers to implement the capital market exposure norms is seen as a positive for their stocks in the near term. Analysts at Jefferies said this will be a positive development for BSE, according to a post by CNBC-TV18 on social media platform X. Shares of BSE rose as much as 8% Wednesday in response to this development.
Shares of brokerages Anand Rathi Wealth, Angel One, and Motilal Oswal Financial Services were 4-7% higher at 1258 IST, and those of Nuvama Wealth Management were up just 0.1%. Canara Robeco Asset Management Co., HDFC Asset Management Co., Nippon Life India Asset Management, and UTI Asset Management Co. were up 2-8%. (Simran Rede)
Equity Alert: J Kumar Infraprojects soars 10?ter co's JV gets large order
MUMBAI--1255 IST--Shares of J Kumar Infraprojects rose over 10% to an intraday high of INR 471.75 after the company said the J Kumar-SDPL joint venture received an INR 23.60 billion order from the National Highways Authority of India for the construction of a four-lane expressway from Vadhavan Port to Tawa Village, Maharashtra. This contract size dwarfs the company's December quarter consolidated net revenue of INR 13.11 billion.
The contract says that the expressway is expandable to eight-lanes and the order is given to the company on an engineering, procurement, and construction basis, the company said in an exchange filing Wednesday. The contract is expected to be completed within thirty months. At 1314 IST, shares of the company were off their intraday highs, but still traded nearly 8% higher at INR 460.25 on the NSE.
All the four brokerage reports available with Informist on the stock have a 'buy' recommendation on the stock with an average target price of INR 778. (Eshitva Praksh)
Equity Alert: Bharat Electronics rises 7?ter co gets INR-67.95-bln order
MUMBAI--1245 IST--Shares of Bharat Electronics rose over 7% to the day's high of INR 430.20 after the company said it had received orders worth INR 67.95 billion since Monday. The stock rose Wednesday after closing in the red for the previous three straight sessions. It shed over 3% during this period.
The new orders for the company comprise an avionics package from Hindustan Aeronautics for its light combat aircraft, mountain radars from the Ministry of Defence and a major export order for communication equipment, among others. In 2025–26 (Apr-Mar), the company secured orders worth INR 300 billion. It made a turnover of INR 267.50 billion in FY26, up 16.2% on year.
At 1233 IST, shares of the company were 6% higher at INR 424.30 on NSE. So far, over 18 million shares of the company have changed hands on the exchange, higher than over 10 million shares traded till the same time Monday. The market was closed on Tuesday for Mahavir Jayanti.
Of the 11 brokerage reports available with Informist on the company, nine have a 'buy' recommendation with an average target price of INR 505. Of the remaining two, one has a 'sell' recommendation and the other has 'hold' recommendation on the stock. (Arundathi A R)
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)
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)
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)
Equity Alert: Asian markets gain on hope West Asia war may end soon
MUMBAI--0818 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)
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)
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 Rajeev Pai
All prices from National Stock Exchange, unless otherwise specified.
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