More Stories

Informist, Thursday, Apr. 9, 2026                                      Tel +91 (22) 6985-4000

---

Equity Alert: Honasa Consumer off highs after 11% rise; co sees robust Q4

 

MUMBAI--1025 IST--Shares of Honasa Consumer rose 11% to a high of INR 348.65 following a quarterly update by the company for Jan-Mar, which forecast growth in early twenties in its business. However, the stock came off highs and at 1008 IST, was at INR 324.20, up 3.5%. About 5 million shares of the company were traded on the NSE so far.

 

"Our business is expected to deliver growth in late twenties during Q4 FY26 (Jan-Mar), driven by strong growth across focus categories," the company said. This is after its revenue being adjusted for changes in settlement by the Flipkart group, resulting in a change in revenue recognition for marketplace sellers. The revenue also includes the consolidation of BTM Ventures Pvt. Ltd. BTM Ventures is the parent of Reginald Men and Molecular Co., which the company acquiried last year and is expected to deliver a strong performance in the reporting quarter.

 

The company's largest brand, Mamaearth, continued its growth momentum and is expected to deliver "teens" growth during Jan-Mar, the company said. Its other brands such as The Derma Co., Aqualogica, BBlunt, Dr. Sheth's. Staze, amd Lumineve, which Honasa Consumer termed "younger brands" are expected to deliver growth in the mid-twenties, it said. "Our offline channel remained a key growth driver, with General Trade and Modern Trade expected to continue strong growth momentum, supported by improving distribution coverage," the company said. (Gopika Balasubramanium)

---

Equity Alert: KEC Intl rises 9?ter co gets orders worth INR 25 bln

 

MUMBAI--1020 IST--Traders bought shares of KEC International the early trade, pushing the price by 9% to a high of INR 616.95. The company's shares rose after it informed exchanges late Wednesday that it had won multiple orders amounting to a total of INR 25.18 billion. However, within some minutes into the trading session, the stock pared its gains and at 0948 IST it was up 2.7% at INR 582.95. About 6.5 million shares of KEC International have been traded on the NSE so far Thursday, a tad higher than 6 million shares traded till the same time Wednesday. 

 

KEC International received new orders for civil, transportation, transmission and distribution, and cables and conductors projects in the domestic and overseas markets. The company has secured "its largest-ever commercial real estate order" from a real estate developer in Western India, as per the company's regulatory filing. The engineering company has also received an order for train collision avoidance system segment under 'Kavach' in India and secured orders to supply various types of cables and conductors in domestic and overseas market.

 

KEC International has secured orders to build transmission lines in Africa, and additional orders for transmission lines and substations in international markets. In Europe, the company has received orders for the supply of towers. In the Americas, the company said it has bagged orders to supply hardware, poles and towers.

 

The order inflow of INR 25.18 billion, which is roughly 8–10% of its annual order intake run-rate, reinforces KEC International's strong order momentum and enhances revenue visibility over the next few quarters, ICICI Direct said in a report. "The record civil order marks a meaningful diversification beyond its core T&D (transmission and distribution) segment, indicating improving traction in urban infrastructure...," it said.  (Gopika Balasubramanium)

---

Equity Alert: Indices open lower; crude rises as Iran shuts Strait of Hormuz

 

MUMBAI--1015 IST--Domestic headline indices opened lower Thursday wiping away some gains from the previous session as Iran closed the Strait of Hormuz less than 24 hours after agreeing to a ceasefire with the US. Iran shut closed the Strait again after Israeli strikes killed more than 100 people in Lebanon on Wednesday. Reacting to this, crude oil prices rose around to $97 per barrel, pulling down the domestic benchmark indices. At 0943 IST, the June futures contract of Brent crude was trading over 2% higher at $96.82 per barrel.

Iran's parliamentary speaker Mohammad Bagher Ghalibaf said the US on Wednesday violated the two-week ceasefire agreement. "The deep historical distrust we hold toward the United States stems from its repeated violations of all forms of commitments — a pattern that has regrettably been repeated once again," Ghalibaf said in a statement posted on social media.

 

At 1010 IST, the Nifty was 0.7% lower at 23835.60, down 161.75 points. The BSE Sensex was down nearly 700 points at 76867.69, or 0.9% lower. However, the broader market outperformed the headline peers, up 0.8–0.3%. After closing lower for the previous three sessions, volatility index India VIX rose nearly 2% to 20.0250.

 

Sectoral indices showed a mixed performance, with most of them in the positive territory. The Nifty Metal index led the gains among its sectoral peers, with only Adani Enterprises trading lower. The sectoral index was almost 2% higher and was up for the sixth straight session.

 

Shriram Finance was the key laggard among the Nifty 50 constituents, down 2%. It fell after closing higher for the previous three sessions. Infosys was down nearly 2%. Losses in the index heavyweight HDFC Bank also added to the fall of the Nifty 50. The stock was down over 1%.

 

Shares of KEC International rose nearly 4?ter the company won orders worth INR 25 billion. The stock was up for the second session and was among the top gainers in the Nifty 500 index. Steel companies rose in the early trade, with Tata Steel and Steel Authority of India up nearly 2?ch. JSW Steel was up over 1%. Honasa Consumer was up over 5?ter the company expected its Jan-Mar sales to rise.

 

Information technology services major Tata Consultancy Services was slightly up ahead of its March quarter results. The company's Jan-Mar earnings will be announced post market hours Thursday. The company's net profit is seen down on quarter despite a rise in revenue.  (Arundathi A R)

---

Equity Alert: Asia mkts under pressure after Iran flags ceasefire violations

 

MUMBAI--0830 IST--Equity indices in Asia were under pressure Thursday after Iran said the US violated the recently announced two-week ceasefire. Iran closed the Strait of Hormuz less than 24 hours after agreeing to a ceasefire with the US. Following this, the June contract of Brent Crude oil futures rose by 2% to nearly $97 per barrel. South Korea's benchmark index Kospi declined the most among its peer indices, after gaining for the previous four straight sessions. Japan's benchmark index Nikkei 225, and the broader market Topix, fell 0-5-0.8%.

 

"The deep historical distrust we hold toward the United States stems from its repeated violations of all forms of commitments — a pattern that has regrettably been repeated once again," Iran's Parliamentary Speaker Mohammad Bagher Ghalibaf said in a post on social media platform X. He said three elements of Iran's 10-point truce proposal were violated. This included Israel's ongoing strikes in Lebanon, a drone entering Iranian airspace, and what he described as the denial of Tehran's right to enrich uranium.

 

Propane prices may go up for Japanese households in May as importing liquefied petroleum gas from West Asia is set to get costlier for the country in April, the Nikkei Asia reported. This comes as energy prices remain elevated due to supply disruptions stemming from the war in West Asia.

 

Cracks started appearing in the ceasefire deal between the US, Iran and Israel. Israel carried out one of its largest strikes against Hezbollah in Lebanon Wednesday, which killed at least 112 people and injured over 837. Israel said it had halted attacks on Iran, but the ceasefire deal did not include Lebanon.

 

Following were the levels of major Asian indices at 0820 IST:

 

Index	Level	Change in %
CSI 300 Index	4570.0987	(-)0.55
Hang Seng Index	25760.52	(-)0.51
Nikkei 225 Day	55997.18	(-)0.55
TOPIX FIRST SECTION	3746.68	(-)0.76
KOSPI	5795.56	(-)1.31
FTSE Singapore Strait Times	4978.69	(-)0.35
S&P/ASX 200 INDEX	8947.1	(-)0.05

 

(Ruchira Kagita)

---

 

Equity Alert: Indices may open flat; crude up as Iran shuts Strait of Hormuz

 

MUMBAI--0820 IST--Benchmark equity indices may open largely flat as crude oil prices resumed its upward trend after several reports said that Iran has closed the Strait of Hormuz in response to Israeli attacks on Lebanon. Further, Iran has accused the US of violating several terms of the two-week ceasefire agreement, renewing concern that conflict in West Asia could escalate again and disrupt energy supplies. 

 

Iran's parliamentary speaker, Mohammad Bagher Ghalibaf, in a social media post Wednesday claimed that the US has breached the terms of the temporary ceasefire agreement between the warring parties. He said that three elements of Iran's 10-point truce proposal were violated. This included Israel's ongoing strikes in Lebanon, a drone entering Iranian airspace, and what he described as the denial of Tehran's right to enrich uranium. 

 

In response, US Vice-President J.D. Vance said, "Ceasefires are always messy," addressing the reported drone incident in Iranian airspace, CNBC reported. He added that Washington maintains Iran should not be allowed to enrich uranium, and said any ceasefire covering Lebanon had not been included in the agreement, the report said. Israel Prime Minister Benjamin Netanyahu also said that Lebanon was not included in the ceasefire. Meanwhile, Iran's Foreign Minister Abbas Araghchi said the truce "terms are clear" regarding Lebanon, and Washington must choose "ceasefire or continued war via Israel. It cannot have both".

 

The June future contract of Brent crude oil rose over 3% to a high of $97.96 a barrel Thursday. This came a day after it fell over 13% on hopes of easing supply disruptions following the temporary truce between the US and Iran. At 0805 IST, the futures contract traded at $96.75 per barrel, up over 2% from its previous close. 

 

The Gift Nifty suggests a largely flat opening for the domestic market. At 0759 IST, the April futures contract of Gift Nifty traded at 24001.50, just four points away from Nifty 50's previous close. On Wednesday, the Nifty 50 index settled at 23997.35, up 873.70 points or 3.8%, marking the sharpest single-day rise in almost a year.

 

"From a technical standpoint, 24000 remains a crucial resistance, both psychologically and structurally. This level is likely to act as a supply zone, and any upward move towards it may attract profit booking or fresh short positions," said Sundar Kewat, technical and derivative analyst at Ashika Institutional Equities. "On the downside, 23500 (points) stands as immediate support. A decisive hold above 24000 points could trigger further upside towards 24300–24500 levels. However, failure to sustain higher levels may keep the index range-bound between 23500–24000 in the near term," he added. (Arya S. Biju) 

---

 

Equity Alert: Wall Street soars after US, Iran agree to 2-week ceasefire

 

MUMBAI--0755 IST--Indices on Wall Street soared Wednesday after the US and Iran agreed to a two-week ceasefire. The truce is dependent on the US not attacking Iran, and the West Asian nation reopening the Strait of Hormuz. The June contract of Brent crude oil futures fell sharply to below $100 per barrel after the ceasefire was announced.

 

A final peace agreement with Iran would be decided in these two weeks, US President Donald Trump said in a post on his social media platform Truth Social. "The reason for doing so is that we have already met and exceeded all Military objectives, and are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle East," Trump said in the post.

 

All major indices in the US closed higher, with the Dow Jones Industrial Average closing over 1,300 points higher to post its highest daily gain in nearly a year. The S&P 500 ended 2.5% higher, and the Nasdaq Composite closed 2.8% higher. All prominent sectoral indices barring the S&P 500 Energy index closed in the positive territory. The S&P 500 Energy was 3.66% lower. Shares of upstream oil companies Exxon Mobil Corp. and Chevron Corp. declined over 4%.

 

Meanwhile, minutes of Federal Open Market Committee's last meeting raised the inflation outlook for the near term due to high energy prices. "Some measures of near-term inflation expectations increased, as energy and other commodity prices surged with the Middle East conflict," the central bank officials said. The impact of elevated crude oil prices and tariff-linked price hikes is seen abating by the end of this year, and the Federal Reserve sees inflation coming down to its 2% target only by the end of the next year.

 

The growth in the labour market was in line with expectations and the rate of unemployment is seen steady this year. However, risks to growth in the labour market persist if hostilities in West Asia continue for longer.

 

Following are the closing levels of US indices Wednesday:

 

Index	Level	Change in %
S&P 500	6782.81	2.51
NASDAQ Composite	22634.995	2.8
Dow Jones Industrial Average	47909.92	2.85

 

(Ruchira Kagita)

 

US$1 = INR 92.66

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.

 

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.