Equity Alert
Adani cos up; US court accepts plea to dismiss SEC fraud case
This story was originally published at 14:15 IST on 8 April 2026
Register to read our real-time news.Informist, Wednesday, Apr. 8, 2026 Tel +91 (22) 6985-4000
Equity Alert: Adani cos up; US court accepts plea to dismiss SEC fraud case
MUMBAI--1400 IST--Shares of Adani Group companies surged after a US court granted the conglomerate's request to schedule a hearing to dismiss a fraud case filed by the US Securities and Exchange Commission. In its petition, the Adani Group sought dismissal of the SEC lawsuit due to a lack of US jurisdiction and an extraterritorial application of US law, various media reports said. The US District Court for the Eastern District of New York accepted the Adanis' plea.
In November 2024, the SEC had charged Gautam Adani and his nephew, Sagar Adani. The regulator had alleged that the pair misled investors by failing to disclose an alleged bribery scheme tied to Indian state officials, framing the case under US securities laws. In the plea, the group said the SEC's claims over the 2021 bond sale by the group's renewable energy arm, Adani Green Energy, were legally flawed on multiple grounds. "The court has received Defendants' letter requesting a pre-motion conference on their anticipated motion to dismiss the Complaint," NDTV reported, citing the court's order. "The court GRANTS that request and DIRECTS the parties to schedule the pre-motion conference," the court said.
At 1400 IST, shares of Adani Enterprises were up 8.5%. Stocks of Adani Green Energy, Adani Total Gas, and Adani Power rose 3-10%. Stocks of Adani Ports and Special Economic Zone were up over 5%. Adani Group's Ambuja Cement, ACC, Orient Cement also traded 5-7% higher. (Eshitva Prakash)
Equity Alert: Oil marketing cos rise after Brent crude oil futures fall 14%
MUMBAI--1345 IST--Shares of oil marketing companies Bharat Petroleum Corp., Hindustan Petroleum Corp., and Indian Oil Corp. rose after the June futures contract of Brent Crude plunged nearly 14%. Crude oil prices fell to the day's low of $91.70 per barrel after US President Donald Trump said he had agreed to suspend attacks on Iran for two weeks on the condition that Iran reopens the Strait of Hormuz.
In the past seven days, crude oil prices had fallen nearly 16%. In April, they were down nearly 9%. The prices were hovering around $100 per barrel for the previous few sessions due to the escalating West Asia war. Though the price fell nearly 14% on news of the ceasefire between the US and Iran, it was still higher than the pre-war level of around $72 per barrel. At 1344 IST, the June futures contract of Brent Crude was down nearly 14% at $94.32 per barrel.
At 1316 IST, shares of BPCL, HPCL, and Indian Oil were up 7-10%. So far in the day, over 21 million shares of BPCL and HPCL each have changed hands on NSE, and over 35 million shares of Indian Oil have been traded. (Arundathi A R)
Equity Alert: Indices remain higher; Nifty 50 breaches 24000 points
MUMBAI--1253 IST-Benchmark indices remained higher with the Nifty 50 briefly breaching 24000 points for the first time in nearly a month as market participants welcomed the news of the two-week ceasefire in the war between the US and Iran. Almost all constituents in the Nifty 50 index were trading in the green with shares of Shriram Finance continuing to be the top gainers after hitting the upper-circuit earlier in the session. Shares of automobile companies, financial service companies, and banks drove the gains in indices.
At 1252 IST, the Nifty 50 was 3.6%, or 830.60 points, higher at 23954.25. The BSE Sensex was at 77401.03 points, up 3.7% or nearly 2700 points.
Apart from Shriram Finance, Bajaj Finance, Bajaj Finserv, and Jio Financial Services were among the financial companies that rose 4–7%, the highest in the Nifty 50 index. Shares of automobile makers also supported the gains in the 50-stock index, with shares of Mahindra & Mahindra, Maruti Suzuki India, Eicher Motors, and Tata Motors Passenger Vehicles climbing 6–8?ch.
Shares of index heavyweights ICICI Bank and HDFC Bank were up 4–5%, while those of other banks such as Axis Bank, State Bank of India, and Kotak Mahindra Bank, were up 3–6%. In the bimonthly policy announcement, the Reserve Bank of India Governor Sanjay Malhotra said the system-level financial parameters related to capital adequacy, liquidity, asset quality, and profitability of scheduled commercial banks and non-banking financial companies continue to be sound.
Among those in the red in the Nifty 50 were select information technology, pharmaceutical, and energy companies. Shares of Coal India fell over 3%, making it the worst hit stock in the index. Shares of oil explorer Oil and Natural Gas Corp. pared some of its losses though continued to be in the red as crude oil prices fell further to $94 per barrel.
All sectoral indices were in the green, with the Nifty Realty and the Nifty Auto indices being the highest gainers, followed by banking and financial service sector indices. The Nifty IT and the Nifty Pharma saw the smallest gains among their sectoral peers.
In the broader market indices, too, shares of automobile makers and adjacent companies were among the highest performers, with shares of Ashok Leyland, Tata Motors, and Samvardhana Motherson International climbing over 9–12% in the Nifty 200. Shares of Oil India and Coal India were among the worst hit stocks in both the Nifty 200 and 500 indices. (Shruti Nair)
Equity Alert: Nifty Auto index jumps 7%, sharpest single-day rise in 6 years
MUMBAI--1230 IST--Shares of automobile and auto ancillary companies surged Wednesday on hopes that the temporary ceasefire between the US and Iran will turn into lasting peace in West Asia and drive down input costs for the industry. Crude oil prices fell sharply after the two parties agreed to a two-week ceasefire on the condition that the Strait of Hormuz will be re-opened. Supply disruptions at this chokepoint had stoked fears of input costs rising for the industry, but with the ceasefire in place, investor worries have been slightly soothed, analysts said. However, an analyst added that margin pressure will likely continue.
At 1224 IST, the Nifty Auto index was up nearly 7%, with all of its constituents trading sharply higher. Intraday, the 7% jump was the sharpest rise since April 2020. Prior to the announcement of the ceasefire and since the US and Israel's joint attack on Iran, the index had shed over 13%. Ashok Leyland, Samvardhana Motherson International, and Tata Motors Passenger Vehicles were up 12–8%. The June futures contract of Brent Crude oil slumped 15% and traded at $92.96 per barrel on the intercontinental exchange.
"Margin pressure is likely to be an issue (for automobile companies) for a couple of upcoming quarters," an analyst at a domestic fund said. He expects automobile companies' margins to contract 50–70 basis points in the June and September quarters. Export-oriented companies such as Bajaj Auto will likely face a higher margin hit, the analyst said. However, he noted that this figure is a moderation to his prior estimates of 100–150 basis points hit in case the war in West Asia was to continue. This bounce-back in automobile shares was justified, considering that they were at an oversold position, the analyst said.
However, brokerages have said the war in West Asia has weighed on consumer sentiment, resulting in moderation in walk-ins, deferment of purchase decisions, and lower conversion rates. Original equipment manufacturers have implemented price hikes of 2–3% in response to rising raw material costs with the demand impact yet to be seen, JM Financial said in a report. While fuel prices have been relatively contained, supported by excise duty cuts by the government, a sustained geopolitical overhang could impact fuel availability and pricing, thereby influencing vehicle demand and potentially accelerating interest in alternative powertrain, the brokerage added. (Eshitva Prakash)
Equity Alert: Indices remain unchanged after RBI MPC meet outcome
MUMBAI--1115 IST--Domestic headline stock indices were largely unchanged immediately after the outcome of Reserve Bank of India's Monetary Policy Committee's first bi-monthly meeting for 2026-27 (Apr-Mar). At 1042 IST, the Nifty 50 was over 3% higher at 23920.70, up 797.05 points. The BSE Sensex was at 77287.23, up 2670.65 points or 3.6% higher.
The Monetary Policy Committee left the repo rate unchanged at 5.25% in a unanimous decision wednesday. Governor Sanjay Malhotra said the war in West Asia poses risks to India's economy even as the fundamentals remain strong. The committee also retained its "neutral" policy stance. The Reserve Bank of India projected India's GDP growth in FY27 at 6.9%. The central bank also cut its growth estimates for the June quarter to 6.8% from 6.9% and that for the September quarter to 6.7% from 7%.
Crude oil prices stayed at $94 per barrel mark, down almost 14%, after US President Donald Trump said he has agreed to suspend attacks on Iran for two weeks on the condition that Iran reopens the Strait of Hormuz.
Broader market indices continued outperforming benchmark indices and were around 4% higher. India VIX fell further to 19.52. Among sectoral indices, the Nifty Financial Services, the Nifty PSU Bank, the Nifty Bank, and the Nifty Private Bank were up over 5%. Index heavyweight HDFC Bank was up 5%. The stock was up for the fifth straight session and gained over 11% during this period.
Shriram Finance was the top gaining Nifty 50 constituent, with its shares rising 10% to hit the upper circuit. Shares of Adani Enterprises also hit the 10% upper band at INR 2,070.30. Ashok Leyland was up over 12% and was the top gainer among both the Nifty 200 and the Nifty 500 stocks.
Shares of Larsen & Toubro rose 8% Wednesday to an over-one-month high of INR 4,023.40 after reports of a two-week ceasefire in the West Asia war. The region contributes significantly to Larsen & Toubro's order book and revenue.
Coal India and Oil and Natural Gas Corp. continued to be the top losers among the 50-stock members of the Nifty 50, down around 3%. Pharmaceutical stocks Sun Pharmaceutical Industries and Dr. Reddy's Laboratories were also down 1.5-0.5%.
Information technology majors Infosys, Wipro, and Tech Mahindra slipped into the negative territory soon after open. The stocks were down 1.3-0.1%. (Arundathi A R)
Equity Alert: L&T up 8% to 1-mo high after US, Iran agree to 2-wk ceasefire
MUMBAI--1015 IST--Shares of Larsen & Toubro rose 8% Wednesday to an over-one-month high of INR 4,023.40 after reports said US President Donald Trump had agreed to suspend attacks on Iran for two weeks on the condition that Tehran reopens the Strait of Hormuz. The region contributes significantly to Larsen & Toubro's order book and revenue.
The stock has gained over 13% so far in April, and nearly 1% in the past 30 days. In the past 90 days, the stock shed over 1%. Also, the Competition Commission of India Tuesday approved Torrent Power's proposal to acquire L&T's step-down subsidiary Nabha Power.
At 1008 IST, shares of Larsen & Toubro were trading nearly 7% higher at INR 3,969.60 on NSE. So far in the day, nearly 4 million shares of the company have changed hands on the exchange, higher than nearly 564,000 shares traded till the same time Tuesday.
All 13 brokerage reports available with Informist on the company have a 'buy' recommendation on the stock with an average target price of INR 4,604. (Arundathi A R)
Equity Alert: Aviation stocks jump after US, Iran agree to ceasefire
MUMBAI--1000 IST--Shares of aviation companies rose sharply after the US and Iran agreed to a two-week ceasefire to negotiate a definitive agreement for peace between the warring parties and in West Asia. Shares of InterGlobe Avaiation rose as much as 11% to an over one-month high of INR 4,744, while those of Spicejet hit the 5% upper circuit at INR 11.14.
In a post on Truth Social early Wednesday, US President Donald Trump said he had agreed to suspend attacks on Iran for two weeks in exchange for Tehran allowing safe passage through the Strait of Hormuz. The US has received a 10-point proposal from Iran that is a workable basis for negotiations. "Almost all of the various points of past contention have been agreed to between the United States and Iran, but a two week period will allow the Agreement to be finalised and consummated," Trump said. The ceasefire announcement came hours ahead of Trump's deadline of 0530 IST for Iran to reopen the Strait of Hormuz.
Shares of aviation companies have been under pressure since the conflict between Iran and the US-Israel combine broke out in late February. These companies have been reeling under concerns about higher fuel costs and flight cancellations due to conflict-led disruptions. Reacting to the ceasefire news, the June futures contract of Brent crude plunged 16% to a low of $91.70 per barrel. Airline companies are among the biggest beneficiaries of falling crude prices, given that aviation turbine fuel is a key cost component for airlines. (Arya S. Biju)
Equity Alert: Mkt opens sharply higher on US-Iran ceasefire; crude prices dn
MUMBAI--0940 IST--Domestic headline stock indices opened sharply higher Wednesday after US President Donald Trump said he had agreed to suspend attacks on Iran for two weeks on the condition that Iran reopens the Strait of Hormuz. Crude oil prices reacted to the ceasefire news, falling to the $94 per barrel mark. All major Asian indices were also higher in early trade Wednesday, taking positive global cues.
"We received a 10 point proposal from Iran, and believe it is a workable basis on which to negotiate," Trump said on his social media platform Truth Social early Wednesday. "Almost all of the various points of past contention have been agreed to between the United States and Iran, but a two week period will allow the Agreement to be finalized and consummated." This came hours ahead of Trump's deadline of 0530 IST for Iran to reopen the Strait of Hormuz. On Tuesday, Trump threatened, "a whole civilization will die tonight, never to be brought back again."
Futures contracts of Brent Crude were down over 13% at $94.65 per barrel at 0914 IST. Crude oil prices were hovering around $100 per barrel level for the previous few sessions amid the escalating West Asia war.
At 0917 IST, the Nifty 50 was over 3% higher at 23885.20, up over 760 points. The BSE Sensex was also over 3% higher at 77204.96, up 2588.38 points. The benchmark indices extended gains for the fifth straight session. Barring Oil and Natural Gas Corp., Coal India, and Tech Mahindra, other constituents of the 50-stock were higher at the open.
India VIX, the fear gauge of the domestic equity market, signalled the steep fall in nervousness among investors after the ceasefire news. The volatility index was down around 20% at 19.7950.
"The upside risk to inflation and the downside risk to growth can now be managed well," V.K. Vijayakumar, chief investment strategist at Geojit Investments, said in a note. "Rupee will strengthen and this may even force the FPIs to turn buyers; at least they will have to cease the sustained selling, which will become irrational in the present context."
The broader market was also on par with its benchmark peers, with all smallcap as well as midcap indices more than 3% higher. Some sectoral indices outperformed the headline indices during open, by opening over 5–4% higher. The Nifty Realty led the pack of gainers, up nearly 6%. The Nifty Auto, the Nifty Financial Services, the Nifty PSU Bank, the Nifty Bank, the Nifty Private Bank and the Nifty Consumer Durables managed to stay above 4% higher at the open.
Airline stocks gained during the open, with InterGlobe Aviation up 10%. It was the top gainer among Nifty 50 constituents. It was followed by Larsen & Toubro, up over 7%. Oil marketing stocks Bharat Petroleum Corp., Hindustan Petroleum Corp., and Indian Oil Corp. rose 7–5%.
However, oil exploration saw showed a poor performance at the open, being the top losing Nifty 50 constituents. Oil India and Oil and Natural Gas Corp. were down over 2%. (Arundathi A R)
Equity Alert: Asian mkts rally as oil prices fall on ceasefire announcement
MUMBAI--0823 IST--Asian equity indices rallied in early trade Wednesday as crude oil prices slipped below the $100 per barrel mark after US President Donald Trump agreed to hold off attacks on Iranian infrastructure for two weeks. South Korea's Kospi led the gains followed by Japan's Nikkei 225 and Topix. The ceasefire was subject to "the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz," Trump said in a post on Truth Social. In a separate statement, Iranian Foreign Minister Abbas Araghchi said vessels could safely pass through the strait subject to coordination with Iran's armed forces for the next two weeks. Negotiations for the ceasefire will be mediated by Pakistan and start on Friday.
Crude oil prices fell sharply, around 13%, in a welcome relief for Asian markets, which are particularly vulnerable to the disruption in the supply of crude oil from West Asia. At 0824 IST, Brent Crude June futures were at $95.23 per barrel. "Energy prices were destined to be fairly inflationary around the world. And if there's now a bit of a belief or some visibility that energy prices can come back down, that's better for inflation, better for the outlook of central bank cuts and so on," Josh Rubin, portfolio manager at Thornburg Investments, told CNBC.
Wednesday, US futures rose 2% following the ceasefire announcement. The Kospi rose 6%, buoyed by index heavyweights Samsung Electronics and SK Hynix, which were up 7% and 10%, respectively. Japan's Nikkei 225 climbed 5%, led by gains in the shares of chipmakers and metal companies, the DowJones Newswires reported.
Following were the levels of major Asian indices at 0821 IST:
|
Index |
Level |
Change in % |
| CSI 300 Index | 4555.92 | 2.6 |
| Nikkei 225 Day | 56078.83 | 4.96 |
| TOPIX FIRST SECTION | 3765.95 | 3.06 |
| KOSPI | 5821.07 | 5.94 |
| FTSE Singapore Strait Times | 4985.16 | 0.55 |
| S&P/ASX 200 INDEX | 8947.40 | 2.5 |
(Shruti Nair)
Equity Alert: Indices may open sharply up; crude down on US-Iran ceasefire
MUMBAI--0807 IST--Domestic headline stock indices are expected to open sharply higher after US President Donald Trump said he had agreed to suspend attacks on Iran for two weeks in exchange for Tehran allowing safe passage through the Strait of Hormuz. Major equity indices across the Asia-Pacific region, as well as US stock futures, rallied on hopes that an end to the conflict is in sight. The June futures contract of Brent crude plunged 16% to a low of $91.70 per barrel reacting to the ceasefire news.
In a Truth Social post early Wednesday, Trump said the two-week ceasefire was subject to Iran agreeing to a complete, immediate and safe opening of the Strait of Hormuz. The US has received a 10-point proposal from Iran that is a workable basis for negotiations. "Almost all of the various points of past contention have been agreed to between the United States and Iran, but a two-week period will allow the Agreement to be finalised and consummated," Trump said. The ceasefire announcement came hours ahead of Trump's deadline of 0530 IST for Iran to reopen the Strait of Hormuz.
Iranian Foreign Minister Seyed Abbas Araghchi said on social media that Tehran would agree to a ceasefire "if attacks against Iran are halted." Iran will allow safe passage through the critical waterway during the ceasefire in "coordination with Iran's Armed Forces and with due consideration to technical limitations." The ceasefire plan also includes allowing both Iran and Oman to charge fees on ships transiting through the Strait of Hormuz, the Associated Press reported, citing a regional official.
Back in the domestic market, investors will also keep an eye on the policy decision of the Reserve Bank of India's Monetary Policy Committee later in the day. With the central bank widely expected to hold the repo rate at 5.25%, the focus will be on its commentary, growth and inflation projections, and regulatory measures. The rate-setting panel is meeting for the first time since the US-Israel combine attacked Iran, triggering a crisis in West Asia.
The GIFT Nifty is indicating a big gap-up opening for the domestic market following a two-week ceasefire announcement by the US and Iran, Vipin Kumaar, senior technical and derivatives analyst at Globe Capital Market, said. At 0756 IST, the April futures contract of the GIFT Nifty was at 23811.50, a premium of around 690 points to the Nifty 50's previous close. On Tuesday, the Nifty 50 settled at 23123.65, up 155.40 points or 0.7%. (Arya S. Biju)
Equity Alert: US futures gain 2?ter Trump agrees to ceasefire
MUMBAI--0744 IST--Futures tied to major US indices climbed more than 2?ch after US President Donald Trump Tuesday said he had agreed to halt attacks planned on Iranian infrastructure on urging by Pakistani authorities acting as mediators between the US and Iran. Trump agreed to a two-week ceasefire less than two hours before his earlier deadline to Iran set on Sunday to open the Strait of Hormuz, a key global shipping route, or face attacks on civilian infrastructure. Following the ceasefire announcement, crude oil prices fell around 13% and futures related to the Dow Jones Industrial Average, S&P, and the Nasdaq gained 2?ch after the indices ended mixed on Tuesday, recovering from their steep losses earlier in the session. At 0723 IST, the June futures of Brent crude were at $94.70 per barrel.
In a post on Truth Social, Trump said that the suspension of attacks was "subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz." In a separate statement, Iranian Foreign Minister Abbas Araghchi said that ships would be able to safely pass through the Strait pf Hormuz during the two-week period subject to "coordination with Iran's Armed Forces and with due consideration of technical limitations." These statements came as welcome relief against the panic induced by Trump's earlier threat that, "A whole civilization will die tonight, never to be brought back again."
While oil prices have relented on the news of the ceasefire, they still remain around 35?ove pre-war levels. Austan Dean Goolsbee of the Federal Reserve Bank of Chicago said he was worried that the war would push inflation higher and dampen the economy, causing a stagflationary shock and putting the central bank in a bind, CNBC reported. The Labor Department's consumer price index data, set to be released later this week, will provide insight into the extent to which the US-Iran war has impacted inflation.
Following are the closing levels of US indices Tuesday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6616.85 | 0.1 |
|
NASDAQ Composite |
22017.85 | 0.1 |
|
Dow Jones Industrial Average |
46584.46 | (-)0.2 |
(Shruti Nair)
US$1 = INR 92.61
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Tanima Banerjee
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.
NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India
Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
