< -5%

-5% to -3%

Go Digit

HDFC Life

New India Assur

PB Fintech

SBI Life Insura

Canara HSBC

LIC India

-3% to 0%

ICICI Lombard 

General Insuran

Niva Bupa Healt

ICICI Prudentia

0% to 3%

3% to 5%

Nifty Bank index fell up to 2 percent after five days of gains., All 14 banking index stocks traded in the red, led by HDFC Bank., Decline driven by profit booking, fundamentals remain strong.

* Nifty Bank index fell up to 2 percent after five days of gains.
* All 14 banking index stocks traded in the red, led by HDFC Bank.
* Decline driven by profit booking, fundamentals remain strong.

Financial shares fell sharply, with Nifty Bank dropping up to 2% after five days of gains. All 14 banking index stocks traded lower, led by HDFC Bank, SBI, Canara Bank, and PNB. The decline is seen as profit booking, fundamentals remain strong.

shorts/business/hdfc-sbi-canara-bank-decline-up-to-3-as-bank-nifty-snaps-5-day-run-index-down-2-here-are-key-levels-to-watch

Financial shares were among the top losers in Thursday’s trade, with the Nifty Bank index falling up to 2 percent, in line with the decline in benchmark indices Sensex and Nifty. All 14 constituents of the banking index were trading in the red. The Nifty PSU bank and the private bank index also slipped up to 2 percent.

The fall comes after five consecutive sessions of gains in the index, during which it had risen about 10.5 percent, triggering profit booking by investors.

Sunny Agrawal, Head of Fundamental Research at SBI Securities, said that today’s movement is more a case of profit booking. Banking stocks have rebounded significantly—from recent lows of around 50,000 to nearly 56,000—and this rally is prompting investors to lock in gains.

&quot;Nothing has changed fundamentally, infact, yesterday’s RBI policy decision was in line with expectations, and the change in NPA provisioning norms for capital adequacy computation augurs well for banks. This is likely to enhance liquidity and support healthier credit costs, especially in an environment where deposit mobilisation has become challenging. Looking at the provisional business updates, the banking sector appears well positioned to deliver 13–15 percent credit growth this quarter. Therefore, the underlying fundamentals remain intact,&quot; he added.

Shares of HDFC Bank, State Bank of India, Canara Bank and Punjab National Bank were among the major laggards, declining up to 3 percent.

HDFC Bank was among the worst performers on both the banking index and the benchmark Nifty. The stock snapped its five-day gaining streak and fell 2.8 percent to hit an intraday low of Rs 793.10 on the NSE.

IndusInd Bank and Kotak Mahindra Bank followed, declining 2.28 percent and 2.14 percent, respectively.

Other heavyweights, including ICICI Bank, State Bank of India, Punjab National Bank and Axis Bank, were down between 1 percent and 2 percent.

Canara Bank and Yes Bank were trading lower by up to 1 percent.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

HDFC, SBI, Canara Bank decline up to 3% as Bank Nifty snaps 5-day run; index down 2%; here are key levels to watch

Shares of BPCL, HPCL, and IOC declined amid rising crude prices., West Asia tensions push Brent crude up 2.09 percent to $96.73., LPG disruptions hit restaurants and food delivery platforms.

* Shares of BPCL, HPCL, and IOC declined amid rising crude prices.
* West Asia tensions push Brent crude up 2.09 percent to $96.73.
* LPG disruptions hit restaurants and food delivery platforms.

Shares of BPCL, HPCL, and other oil marketing firms fell as West Asia tensions pushed crude prices higher, raising margin concerns. Investor caution grew amid uncertainty over US-Iran talks and disruptions affecting restaurant operators and food delivery platforms.

shorts/business/bpcl-hpcl-among-other-omc-shares-fall-as-investors-remain-cautious-over-strait-of-hormuz-opening

Shares of oil marketing companies, including Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), declined on Thursday as investors remained cautious amid renewed geopolitical concerns and uncertainty over resumption of regular flow at the Strait of Hormuz.

Oil marketing companies came under pressure as tensions in West Asia pushed crude oil prices higher again, raising concerns over a squeeze in refining and marketing margins.

Shares of Hindustan Petroleum Corporation fell up to 1 percent to Rs 362.5 per share on the NSE. Indian Oil Corporation dropped up to 0.77 percent to Rs 142.24, while Bharat Petroleum Corporation traded on a flat note.

Brent crude rose 2.09 percent to USD 96.73 per barrel. Higher oil prices are seen as negative for India, the world’s third-largest crude importer, as they could widen the fiscal deficit, stoke inflation and weigh on economic growth.

Investor sentiment turned cautious after Iran said it would be &quot;unreasonable&quot; to pursue talks with the United States following Israel’s strikes on Lebanon.

Conflicting signals ahead of planned US-Iran talks on Saturday, including Tehran’s warning of retaliation, have raised concerns that any ceasefire may be temporary.

&quot;The fresh uncertainty around the durability of the Iran war de-escalation has limited follow-through optimism in markets and kept sentiment in check,&quot; said Hariprasad K, founder of Livelong Wealth.

Shares of Eternal also declined 1.5 percent to Rs 240.03 per share on the NSE. The ongoing crisis has impacted restaurant operators, which rely on LPG for kitchen operations, while food delivery platforms have also been affected due to disruptions faced by restaurant partners, potentially impacting order fulfilment.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

BPCL, HPCL, among other OMC shares fall as investors remain cautious over Strait of Hormuz opening

In a market short on fresh triggers, several stocks quietly stole the spotlight on Thursday, driven purely by price action, technical breakouts, and sustained buying momentum.

Among the gainers, India Tourism Development Corporation surged 13.03 percent to Rs 512.30, trading above its 30-day and 50-day moving averages of Rs 453.23 and Rs 485.06, respectively. Antony Waste Handling Cell gained 8.98 percent to Rs 496.00, moving above its 30-day and 50-day averages of Rs 455.13 and Rs 484.53. Rajputana Industries rose 8.05 percent to Rs 74.90, also trading above its key short-term averages.

Sheel Biotech advanced 9.48 percent to Rs 57.75, crossing above its 30-day moving average, while Mukta Arts gained 7.36 percent to Rs 50.50, trading above its 30-day average but remaining below longer-term levels.

On the downside, several stocks witnessed negative breakouts, slipping below key moving averages and indicating weakening momentum.

Rushil Decor declined 6.44 percent to Rs 15.10, trading below its 30-day and 50-day moving averages of Rs 16.14 and Rs 17.65. JHS Svendgaard fell 3.29 percent to Rs 19.97, breaching its key short-term averages and remaining well below its long-term levels.

eClerx Services dropped 2.73 percent to Rs 1,496.80, trading below all major moving averages, including its 30-day, 50-day, 150-day and 200-day levels. Ecos (India) Mobility declined 2.67 percent to Rs 127.00, falling below its key averages, while BlackBuck slipped 2.26 percent to Rs 569.45, trading below its 30-day and 50-day moving averages.

The breakout above short-term moving averages indicates strengthening momentum in select stocks, while declines below these levels signal weakening trends, with traders closely watching for confirmation of further direction.

Momentum Stocks: India Tourism, Antony Waste, Rajputana Industries rally sheer momentum; levels to watch

Indian equities saw stock-specific action on April 9, with several stocks registering gains and losses even as the broader market declined sharply.

Among the gainers, Embassy Developments surged 5 percent after the company reported strong pre-sales of Rs 2,632 crore in Q4 FY26, marking its highest-ever quarterly booking and a 89 percent quarter-on-quarter growth over Q3 FY26.

Antony Waste Handling Cell gained 4 percent after securing ¥750 million from Japan-based JFE Engineering Corporation for two waste-to-energy plants in Andhra Pradesh.

Midcap and smallcap stocks continued to see selective interest. NALCO and BHEL gained 3 percent each. On the downside, stocks such as Naukri, Uno Minda, United Breweries and Patanjali declined between 2 percent and 5 percent.

Sectorally, auto, Nifty Private Bank and realty indices were among the worst performers, each declining over 1 percent. On the other hand, Nifty Metal emerged as the top gainer, rising 1.4 percent, followed by Nifty Pharma, which gained 0.4 percent.

Market breadth remained negative, with 1,712 stocks advancing and 1,905 declining on the BSE. Nearly 50 stocks hit lower circuits, while 156 stocks were locked in upper circuits. Around 9 stocks touched 52-week lows, while 63 stocks hit 52-week highs.

Indian equity markets traded lower, with the Sensex and Nifty declining about 0.7 percent each. Broader markets were relatively stable, with the BSE MidCap 150 index falling 0.3 percent while the BSE SmallCap 250 index traded flat.

Market sentiment remained under pressure as geopolitical tensions persisted. The Strait of Hormuz remained largely blocked, while Israeli strikes on Lebanon raised concerns over the stability of the ceasefire in the Middle East.

Price Action: Embassy Developments, Antony Waste gain; Uno Minda, UBL, Patanjali decline

KEC International up 4% after winning ₹2,518 crore orders, NTPC gained 2 percent after MoU with Électricité de France, Sensex, Nifty fall 0.7% on rising geopolitical tensions

* KEC International up 4% after winning ₹2,518 crore orders
* NTPC gained 2 percent after MoU with Électricité de France
* Sensex, Nifty fall 0.7% on rising geopolitical tensions

KEC International, NTPC, and Redtape stocks rose on deal and order news, while Info Edge fell after its Q4 update. Indian markets declined amid geopolitical tensions and disruptions at the Strait of Hormuz, pushing Brent crude near $97 per barrel.

shorts/business/buzzing-stocks-kec-international-ntpc-redtape-gain-info-edge-falls

Several stocks remained in focus on April 9 as corporate developments, earnings updates and deal announcements drove stock-specific activity amid a weak broader market.

KEC International rose 4 percent after the company secured orders worth Rs 2,518 crore across its civil, transportation, transmission and distribution, and cables and conductors segments.

NTPC gained 2 percent after signing a non-binding memorandum of understanding with Électricité de France to explore collaboration in developing new nuclear power projects in India.

Redtape advanced 2.2 percent after acquiring international sports footwear brand Sprandi for markets including India, Nepal, Bhutan and Sri Lanka. The company plans to launch the brand through online and retail channels.

On the downside, Info Edge declined 3 percent following its fourth-quarter business update. On a standalone basis, billings rose 7.45 percent year-on-year to Rs 1,057 crore from Rs 983 crore. The recruitment business, led by Naukri, grew 9.5 percent to Rs 810.7 crore from Rs 740.3 crore. The company said geopolitical tensions impacted its Naukri Gulf business and had a spillover effect on the India recruitment segment.

Indian equity markets traded lower, with the Sensex and Nifty declining about 0.7 percent each. Broader markets were relatively stable, with the BSE MidCap 150 index falling 0.3 percent while the BSE SmallCap 250 index traded flat.

Market sentiment remained under pressure as geopolitical tensions persisted. The Strait of Hormuz remained largely blocked, while Israeli strikes on Lebanon raised concerns over the stability of the ceasefire in the Middle East.

Brent crude rose toward $97 per barrel after a sharp decline in the previous session, while West Texas Intermediate also traded near $97. Iran’s Fars news agency reported disruption in tanker movement through the strait, although US Vice President JD Vance indicated signs of gradual reopening.

Two fully laden Chinese oil tankers were seen approaching the Strait of Hormuz, potentially becoming among the first to attempt passage since the ceasefire announcement, although normalisation of traffic remains uncertain.

Insurance Sector Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Insurance sector stocks.

Gainers/Losers

Sector Market Map

Earnings Review-Q4 FY25-26

Stock News

HDFC, SBI, Canara Bank decline up to 3% as Bank Nifty snaps 5-day run; index down 2%; here are key levels to watch

BPCL, HPCL, among other OMC shares fall as investors remain cautious over Strait of Hormuz opening

Momentum Stocks: India Tourism, Antony Waste, Rajputana Industries rally sheer momentum; levels to watch

Price Action: Embassy Developments, Antony Waste gain; Uno Minda, UBL, Patanjali decline

Buzzing Stocks: KEC International, NTPC, Redtape gain; Info Edge falls

Insurance Sector StocksCheck latest stock performance, list of stocks, earnings review & more details about the Insurance sector stocks.

Gainers/Losers

Sector Market Map

Earnings Review-Q4 FY25-26

Stock News

HDFC, SBI, Canara Bank decline up to 3% as Bank Nifty snaps 5-day run; index down 2%; here are key levels to watch

BPCL, HPCL, among other OMC shares fall as investors remain cautious over Strait of Hormuz opening

Momentum Stocks: India Tourism, Antony Waste, Rajputana Industries rally sheer momentum; levels to watch

Price Action: Embassy Developments, Antony Waste gain; Uno Minda, UBL, Patanjali decline

Buzzing Stocks: KEC International, NTPC, Redtape gain; Info Edge falls

Insurance Sector Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Insurance sector stocks.