Sensex and Nifty recovered from early losses in late morning trade, led by banking and auto stocks. Kotak Mahindra, HDFC Bank, and Reliance gained, while FIIs sold equities. US Fed rate cut had limited impact on Indian markets
The NSDL IPO, opening July 30, will deliver massive gains to early investors like SBI, NSE, and IDBI, with returns of up to 39,900%. However, retail investors who bought shares at unlisted market prices may face disappointment as the price band is lower
This strong performance comes at a time when expectations are rising for NSE's own public listing -- a long-anticipated move that could mark a historic moment in India's capital markets
India is now the world's 4th largest stock market, with market cap surging 6x to $5.2T since 2014. The event showcased reforms, tech innovation, and investment opportunities driving this growth
Domestic benchmark indices opened flat to positive in morning trade but turned red during intra-day trade. Sensex and Nifty fell by more than 1 per cent as uncertainty over India-Pakistan relations affected investors' sentiment
TCS saw its market valuation decline by Rs 53,185.89 crore as its total value went down to Rs 13.7 lakh crore. Bharti Airtel also witnessed a significant drop, with its market capitalisation falling by Rs 44,407.77 crore to Rs 9.3 lakh crore
Later this week, on Friday, too, the markets will be closed for Good Friday. Again, on April 14, markets will be shut for trade on account of Dr. Baba Saheb Ambedkar Jayanti.
