Large-cap stocks rallied sharply today, led by financials, as investors bet on margin improvements following tweaks in savings deposit rates. Equity markets closed with strong gains on Wednesday, with the Sensex soaring 1,509 points and the Nifty settling just shy of the 23,850-mark. The rally was broad-based, powered by robust buying in auto, pharma, and financial stocks. All sectoral indices ended in positive territory. Telecom, PSU banks, oil & gas, pharma, auto, energy, and private banks rose between 1 to 2%. The broader markets also participated, with both the BSE Midcap and Smallcap indices gaining 0.5% each.
Suzlon Energy stock jumps 2% on bagging 100.8 MW order from Sunsure Energy. The project is set to be executed in Maharashtra’s Jath region and marks the global energy solutions provider’s maiden foray into wind energy segment and contribute to its objective of delivering ‘Round-The-Clock’ power.
KEI Industries shares jumped 4% after Goldman Sachs upgraded its status from ‘neutral’ to ‘buy’. Goldman Sachs bumped KEI Industries shares to ‘buy’ for the first time since it initiated coverage on the stock, owing to an attractive risk-reward ratio. However, the brokerage trimmed the target prices for KEI from Rs 3,130 to Rs 2,980.
Capital markets player Angel One Ltd.'s shares took a tumble during early trade but recovered and rose over 4%. This intraday movement comes amidst the firms reports showing a 48.7 % fall in net profit for final quarter of 2025
ICICI Bank gained 4% in today’s trading session and was one of the top gainers. This is owing to expectations of a positive performance for the quarter ended in March, ICICI is scheduled to report results for the quarter on Saturday April 19, 2025.
Oil India shares rose almost 2% today; this comes as in the OALP Round IX auctions, nine new exploration blocks have been awarded, covering a total area of over 51,000 square kilometres. Of these, six blocks will be operated exclusively by Oil India, while the remaining three will be developed through strategic partnerships.
Shares of Gensol Engineering have lost 5% yet again in today's trading session and have now eroded nearly 90% from their record high levels of over Rs 1,147. Gensol has come under SEBIs radar after alleged fund diversion and misleading disclosures.
IREDA shares slumped over 2% in today’s session after yesterday’s report over steady Q4 earnings. the state-run green energy financier, boosted by strong growth in its core lending operations, reported a profit of Rs 501.55 crore for the fourth quarter, up from Rs 337.39 crore a year ago, boosted by strong growth in its core lending operations.
Sonata Software shares tumble over 6% as firm suggest that international revenue could fall short of forecast in Q4. The company closed in the red amid reports that revenue from the company's largest client is likely be lower than anticipated due to the ongoing trade war caused by recently imposed US trade tariffs.
Paytm shares sank about 2% in today's session. The One97 Communications fintech firm suffered losses as its Vijay Shekhar Sharma, Managing Director and Chief Executive Officer, voluntarily surrendered 2.1 crore shares with “immediate effect."
The Nifty IT index dropped over 2% in morning trade, pressured by an overnight sell-off in Wall Street’s tech-heavy Nasdaq Composite index. The decline was further intensified by weak earnings and disappointing guidance from IT services giant Wipro Ltd., which triggered broader selling across the sector.
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