Markets

Indian stock market benchmarks Sensex and Nifty are poised for a strong gap-up opening on Wednesday, supported by improving global cues after the United States and Iran agreed to a temporary ceasefire. The development has eased geopolitical tensions and triggered a broad-based rally across global equities.GIFT Nifty Signals Strong Gap-Up Opening Early indicators suggest a powerful start for domestic markets. GIFT Nifty has surged over 800 points, or around 3.5 percent, to near the 23,900 mark. This points to a sharp rebound in frontline indices, extending the momentum after four consecutive sessions of gains.Global Markets Rally on Improved Risk Sentiment The ceasefire announcement has significantly improved investor sentiment...

Avio Smart Market Stack Acquires Stake in Huwel Lifesciences for Operational Synergy Avio Smart Market Stack Limited, formerly Bartronics India Limited, has announced a further investment in Huwel Lifesciences Private Limited. The company's latest transaction involves an investment amounting to INR 4,00,00,000/- (Indian Rupees Four Crore Only) in Huwel.Through this investment, Avio Smart Market Stack will acquire 5,154 equity shares of Huwel at a price of INR 7760/- per share. This acquisition represents 1.11% of the paid-up equity share capital of Huwel.The acquisition targets operational and financial synergies between the two entities. Huwel Lifesciences Private Limited is a private company engaged in the development...

EaseMyTrip Foundation Signs MoU with Delhi PWD for Urban Enhancement of Key Flyovers The EaseMyTrip Foundation has formalized a partnership with the Public Works Department (PWD), Government of Delhi, through a Memorandum of Understanding (MoU). This collaboration marks a significant effort towards enhancing urban infrastructure and promoting sustainable city development in the national capital.As part of this strategic agreement, the EaseMyTrip Foundation will assume responsibility for the adoption, upkeep, and aesthetic improvement of two major flyovers: the Mayur Vihar Phase 1 Flyover and the Apsara Flyover.The MoU signing ceremony saw the presence of dignitaries, including Smt. Rekha Gupta, the Hon'ble Chief Minister of Delhi...

Satin Creditcare Network Reports Business Update for Q4 and 12M FY26 Satin Creditcare Network Limited has released its business update for the fourth quarter and twelve months ending in the financial year 2026, detailing key performance metrics across its operations.The company reported that its Assets Under Management (AUM) grew by 19% year over year (YoY) to reach ₹ 15,275 crores on a consolidated basis as of March 31, 2026, attributed to an increase in disbursements. Disbursements for the fiscal year 2026 grew by 17% YoY to ₹ 12,516 crores on a consolidated basis, a growth supported by improved operational efficiency.During the financial year, Satin Creditcare Network added 739,501 new borrowers, with 246,281 new borrowers added...

Tejas Networks Wins Golden Peacock Award for WavePlexus™ RAN Portfolio Tejas Networks, listed on the BSE and NSE, announced that it has secured the Golden Peacock Innovative Product/Service Award (GPIPSA) for its WavePlexus™ portfolio of Radio Access Network (RAN) products. The award recognizes excellence in corporate innovation and governance, as administered by the Institute of Directors. The company was also certified for meeting the rigorous benchmarks of the Golden Peacock Excellence Model, indicating a commitment to sustainability-driven excellence.The recognition was granted by a jury chaired by Hon'ble Justice Uday U. Lalit, former Chief Justice of India, alongside other distinguished jury members from various fields. The...

Biocon Pharma Gains U.S. FDA Approval for Dapagliflozin Tablets Biocon Pharma Limited, a subsidiary of Biocon Limited, announced on April 8, 2026, that it has secured approval from the U.S. Food and Drug Administration (FDA) for Dapagliflozin Tablets in strengths of 5 mg and 10 mg.The approved indication for the product is for the management of adults with type 2 diabetes mellitus. It is indicated to be used as an adjunct to diet and exercise to improve glycemic control and to reduce the risk of hospitalization for heart failure in adults with type 2 diabetes mellitus who also have either established cardiovascular disease or multiple cardiovascular risk factors.This FDA approval marks a significant development for Biocon's...

HFCL Limited has reported that HTL Limited, a material subsidiary of the company, has secured significant orders totaling approximately ₹ 1366 crore for the supply of optical fiber cables. The contract was awarded by a Tier-1 customer.These new orders highlight the confidence placed by customers in the manufacturing capabilities, technological excellence, and product quality associated with the company.The details of the secured orders are as follows:ParticularsDetailsName of the entity awarding the order(s)/contact(s)Tier-1 customerSignificant terms and conditions of order(s)/ contract(s) awarded in briefGeneral Contract ConditionsDomestic/International EntityDomesticNature of order(s) / contract(s)Supply of Optical...

Jubilant FoodWorks Addresses Media Reports on LPG Dependency and Operations Jubilant FoodWorks Limited issued a clarification regarding news reports published concerning its operations and potential impact from energy supply disruptions. The communication addressed a report in the Business World dated April 7, 2026, titled 'Jubilant FoodWorks Shares Drop 10% On Weak Same-store Growth, LPG Disruptions.'The report reportedly suggested that the weakness in the company was largely attributed to disruptions in commercial LPG supply, alleging that over 95 per cent of the company's outlets depend on LPG for operations.Jubilant FoodWorks clarified that the percentage cited in the report did not originate from any disclosure, statement, or...

Angel One Ltd Updates Key Business Parameters for Q4 FY26 and FY26 Angel One Ltd has updated key business parameters for March 2026, corresponding to Q4 FY26 and the full financial year FY26. The company reported performance metrics across various trading segments, showing growth in certain areas despite moderation in others.Quarterly Performance Review The company provided data comparing March 2026 figures against February 2026 and March 2025. A detailed look at the metrics across the three years is available in the table below.ParticularsMar '26Feb '26Mar '25M-o-M Growth (%)Y-o-Y Growth (%)No. of Trading Days192119-9.5%0.0%Client Base (Mn)37.3936.9331.021.3%20.5%Gross Client Acquisition (Mn)0.510.570.47-10.7%7.5%Avg...

Iran War Ceasefire Sparks Global Rally, Kospi Surges Over 5%, Nikkei Gains Nearly 4.6% Asian Markets Jump as US-Iran Truce Eases Geopolitical Tensions Asian stock markets rallied sharply on Wednesday following the announcement of a ceasefire between the United States and Iran, bringing relief to investors after six weeks of conflict. The de-escalation also triggered a steep decline in crude oil prices, further boosting market sentiment across the region.Kospi Leads Regional Gains, Tech Stocks Drive Surge South Korea’s benchmark Kospi index emerged as the top performer in Asia, soaring 5.3%. The rally was driven by strong gains in major technology stocks, with Samsung Electronics climbing 7% and SK Hynix surging 9%.Japan, Australia...

Indian Stock Market Set for Strong Start on Wednesday The Indian stock market is poised for a higher opening on Wednesday, supported by strong global cues following a temporary ceasefire agreement between the United States and Iran. Benchmark indices Sensex and Nifty 50 are expected to extend their recent gains after a broad-based rally across global markets.GIFT Nifty was trading near the 23,830 mark, indicating a premium of around 679 points compared to the previous close of Nifty futures. This suggests a firm gap-up start for domestic equities.Previous Session Recap On Tuesday, Indian equities continued their upward momentum for the fourth consecutive session.Sensex rose 509.73 points or 0.69% to close at 74,616.58 Nifty 50...

Gold, Silver Rates Today: Precious Metals Rally as US-Iran Ceasefire Boosts Sentiment Gold and silver prices rebounded sharply on Wednesday, April 8, following a temporary de-escalation in the US-Iran conflict, lifting market sentiment and triggering fresh buying in precious metals.Gold, Silver Prices Jump Up to 7% in Early Trade Gold and silver rates recorded strong gains during Asian trading hours after the United States and Iran agreed to a two-week ceasefire aimed at enabling diplomatic negotiations.On COMEX, gold prices surged as much as 3.1% to cross the $4,850 per ounce mark, extending a 1.2% rise from the previous session. Silver prices witnessed a sharper rally, climbing nearly 6.80% to $76.92 per ounce.The rebound comes...

US Stock Market Rally: Dow Jones Futures Jump 2% After Strait of Hormuz Deadline Extension Dow Jones Futures Surge in Early Asian Trade US stock market momentum strengthened on Wednesday as Dow Jones futures rallied nearly 2% during early Asian trading hours. At around 6:02 AM, Dow futures were up approximately 863 points, reflecting a sharp positive shift in global sentiment.The rally followed renewed optimism after the extension of the Strait of Hormuz deadline by two weeks and a sharp decline in crude oil prices.S&P 500 Futures Gain After Previous Session Earlier, US stock futures had already shown strength on Tuesday evening amid easing geopolitical tensions. S&P 500 futures climbed to 6,804 after closing at 6,616, marking gains...

Master Components Limited Receives Purchase Order of INR 3,35,78,623 for Electrical Components Master Components Limited has reported receiving a Purchase Order for the supply of plate plus frame intended for an electrical company. The value of the order is approximately INR 3,35,78,623, excluding tax.The order, detailed in an annexure, specifies that the transaction is with a domestic entity and falls under the nature of supplying plate plus frame required for an electrical company.Key details regarding the purchase order are presented below:ParticularsDetailsName of the awarding entityDomestic CompanyNature of orderSupply of plate plus frame required for an electrical companyConsideration sizeApproximately amounting...

Lupin Limited Receives U.S. FDA Approval for Dapagliflozin Tablets Global pharmaceutical major Lupin Limited announced that it has secured approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application for Dapagliflozin Tablets, available in 5 mg and 10 mg strengths.The U.S. FDA has approved Lupin's Dapagliflozin Tablets, 5 mg and 10 mg, noting that they are bioequivalent to Farxiga® for the indications specified in the approved labeling.Lupin Limited, headquartered in Mumbai, India, operates as a global pharmaceutical leader with products distributed across over 100 markets. The company specializes in a diverse range of pharmaceutical products, including branded and generic...

Suryoday Small Finance Bank Appoints Aniket Vishwas Sapre as Chief Products Officer & Head Customer Experience Suryoday Small Finance Bank Limited announced the appointment of Mr. Aniket Vishwas Sapre to key leadership roles within the bank, effective April 07, 2026. Mr. Sapre has been appointed as the Chief Products Officer & Head Customer Experience of the Bank.The appointment details highlight Mr. Sapre's extensive background in the financial sector. He brings over 20 years of experience in retail banking and product management, possessing deep expertise in digital banking, liability products, and customer experience. His professional experience includes tenures at prominent institutions such as Fino Payments Bank, AU Small Finance...

Titan Company Reports Quarterly Gains in Q4 FY26 Across Key Consumer Segments Titan Company Limited reported its quarterly update for Q4 FY26, noting significant year-over-year growth across its consumer businesses. The company expanded its combined retail presence by adding 47 net stores, bringing the total store count to 3,603 stores as of March 26.The overall Consumer Businesses registered a growth of c.46% Year-over-Year (YoY) in Q4FY26.A breakdown of the store additions and performance across various segments for the quarter is detailed in the table below.BusinessesYoY Growth (%) (Q4FY26 v/s Q4FY25)Store Additions (#) Q4FY26 (net)Total Stores (#) (as of Mar '26)Domestic42%423,441Jewellery46%271,194Tanishq, Mia...

Dynamic Services & Security Limited to Acquire 100% Stake in Badrinath Infrastructure, Targeting Suncity Mall Dynamic Services & Security Limited has entered into a Share Purchase Agreement to acquire a 100% stake in Badrinath Infrastructure Private Limited (BIPL). This acquisition provides the company access to 'Suncity Mall', located at Barasat in Mouza Banmalipur, Dist North 24 Parganas, Kolkata, West Bengal- 700124.The 'Suncity Mall' property features a super built up area of 151643 sq. ft. and is situated on a 0.83 Acre lease hold land area. The enterprise value assigned to the mall is Rs. 64 Crore. BIPL was responsible for the construction of the entire mall and subsequently subleased the entire area to five associate companies...

Maruti Interior Products Ltd Approves Allotment of Rights Equity Shares The Rights Issue Committee of Maruti Interior Products Ltd approved the allotment of 4,53,00,000 Rights Equity Shares. This decision was made during a meeting held on April 07, 2026, concerning the Rights Issue detailed in the Letter of Offer dated March 11, 2026. The allotment was made on a rights basis to Eligible Equity Shareholders at an issue price of ₹ 10 per Rights Equity Share. The share premium included in the issue price was NIL.The approval of this rights issue modifies the paid-up equity share capital of the company. Before the Rights Issue, the paid-up share capital stood at 1,51,00,000 shares, with a face value of ₹ 10 per share, amounting to ₹...

PB Fintech Limited Reports Key Changes in Management at Subsidiary Policybazaar PB Fintech Limited announced significant changes in the key management personnel of Policybazaar Insurance Brokers Private Limited, a wholly owned subsidiary of the company. These changes include the appointment of a new Chief Executive Officer and the resignation of the previous incumbent.On April 7, 2026, it was reported that the Insurance Regulatory and Development Authority of India (IRDAI) approved the appointment of Mr. Sajja Praveen Chowdary. Under this approval, Mr. Sajja Praveen Chowdary was appointed as the Principal Officer and Chief Executive Officer of Policybazaar Insurance Brokers Private Limited, effective from April 7, 2026. Consequently...