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Stock Market Live Updates: Nifty Ended 145 Pts Higher, Sensex Up 350 Pts; Apollo Hospitals Top Gainer
With both the Nifty and Sensex indexes finishing higher, the Indian stock market had a successful trading day. At 80,539.91, the BSE Sensex ended the day up 304.32 points, or 0.38%. Likewise, the NSE Nifty 50 closed at 24,619.35, up 131.95 points, or 0.54%.
The broader sentiment in Asia is upbeat, with major indices including Shanghai, Nikkei, Hang Seng, Shenzhen, and Kospi all trading in the green, registering gains of nearly 1% each. Adding to the positive cues, US markets posted strong gains overnight, as the S&P 500, Dow Jones, and Nasdaq rallied more than 1% each on the back of upbeat corporate earnings and investor optimism over economic growth.
“Hindalco reported 1Q consol. adj. EBITDA of INR81bn, marginally below JMfe of INR83bn driven by subdued performance in Novelis offset by outperformance in India business. India aluminium business (incl. Utkal) delivered an EBITDA of INR43bn, down 15% QoQ primarily driven by weak LME. Key takeaways from the call are a) aluminium CoP expected to be up 3% in 2Q given monsoon impact and higher CP coke prices b) downstream expansion through Aditya FRP remains on track – expects ~70kt commercial sales from Aditya FRP in FY26 c) Aluminium downstream FY26 EBITDA/t guidance maintained at USD250-300/t – company expects quarterly shipments to reach ~150kt with Silvassa coming up d) hedging for 2QFY26; 20% of commodity at USD2,666/t and 18% currency hedged at INR87 per dollar e) capex guidance for India operations at INR70bn-INR75bn for FY26 and ~INR150bn for FY27. Net debt decreased to INR343bn in 1QFY26 from INR353bn in 4QFY25. The long term outlook for Hindalco continues to remain buoyant given a) resilient performance by India aluminium operations b) record high run rates in the copper business c) enhanced coal security post acquisition of Meenakshi, Meenakshi west, Bandha, Chakla coal mines and d) growth capex to augment capacity in downstream business. Hindalco, given ~70%+ steady/strong EBITDA being non-LME linked, remains our preferred play in the metal space. Re-iterate Buy,” said Ashutosh Somani of JM Financial Institutional Securities.
“ONGC’s 1QFY26 standalone EBITDA, at INR 187bn, was significantly above JMFe of INR 164bn (and also above consensus of INR 182bn), aided by lower opex at INR 55.8bn vs. JMFe of INR 69.5bn (after having jumped to INR 74.9bn in 4QFY25). Further, crude & gas sales volume was also slightly better and crude realisation was also a little better than JMFe. Hence, PAT at INR 80.2bn was significantly above JMFe of INR 65.3bn (though a tad below consensus of INR 82.9bn) despite other income being lower at INR 12.1bn (vs. JMFe of INR 19bn). We maintain BUY (unchanged TP of INR 285) based on our Brent crude price assumption of USD 70/bbl (while CMP is discounting ~USD 60/bbl of net crude realisation), and as ONGC is likely to see cumulative output growth of 8-10% over FY26-28 driven by KG DW 98/2 block and Western offshore blocks. ONGC is also a robust dividend play (4-5%). At CMP, it trades at 5.6x FY27E consolidated EPS and 0.7x FY27E BV,” said Dayanand Mittal of JM Financial Institutional Securities.
As of 2 PM, Apollo Hospitals Enterprise was the top Nifty50 gainer, rising 6.92%. Hindalco Industries followed with a gain of 5.15%, while Cipla climbed 2.84%. Hero MotoCorp and Dr. Reddy's Laboratories also saw strong buying interest, gaining 2.76% and 2.61% respectively.
Suzlon shares are down 4% despite a 7.3% year-on-year rise in Q1 consolidated net profit to Rs 324.32 crore, up from Rs 302.29 crore in the same quarter last year, driven primarily by higher revenues.
Hindustan Aeronautics Ltd (HAL) shares rose by 2.12% to Rs 4,503 on Tuesday, bouncing back from recent lows following the company’s better-than-expected Q1 results. The stock opened at Rs 4,439 and reached an intraday high of ₹4,538. Trading activity was strong, with around 13.20 lakh shares exchanged, amounting to a turnover of Rs 595 crore.
Stock Market Live Updates: Aurionpro Solutions after the company bagged a huge project worth Rs 250 crore for Mumbai Metro. The stock skyrocketed nearly 8%.
Hindalco shares skyrocketed by over 5.3% after reporting strong Q1 results.
Three major Tata Group stocks are among top gains on Sensex. These are Tata Motors, Tata Steel, and Trent that have surged by 1% to 2%.
Indoco Remedies shares rallied nearly 4% after the company received final US FDA ANDA nod for Rivaroxaban Tablets Rivaroxaban is used for the treatment of venous thromboembolism.
Among the top gainers on the Nifty, Apollo Hospitals surged 6.16%, followed by Hindalco with a 4.29% rise. Tata Motors and Hero Motocorp gained 1.77% and 1.72%, respectively, while Bharat Electronics climbed 1.43%. On the downside, IndusInd Bank fell 0.58%, Tech Mahindra dropped 0.40%, and Wipro slipped 0.27%. Bajaj Finserv and ICICI Bank also edged lower by 0.24% and 0.26%, respectively.
ACME Hybrid Urja Private Limited, a wholly owned subsidiary of ACME Solar Holding Limited, has secured long-term project financing of INR 3,184 crore from REC Limited for the development & construction of a 280 MW Firm & Dispatchable Renewable Energy Project (FDRE), contracted with NHPC. REC will serve as the sole lender for this project thereby provided long-term financing for 18 years. This is REC Ltd’s third financing initiative of ACME Solar’s FDRE project following financing of two other FDRE projects, earlier this year, with a cumulative capacity of 570 MW. These financing initiatives clearly underscore the strong confidence of leading lenders like REC Ltd in ACME’s project development & execution capabilities.
“Bank Nifty’s next immediate resistance is around 55540 levels on the upside and on a decisive close above expect a rise to 55770-56000. There is an immediate support at 55040-54800 levels.” as per Nirmal Bang Securities.
“Nifty is expected to open on a gap up note and likely to witness positive move during the day. On technical grounds, Nifty has an immediate Resistance at 24570. If Nifty closes above that, further upside can be expected towards 24640-24700 mark. On the flip side 24400-24340 will act as strong support levels.” as per Nirmal Bang Securities.
Asian markets opened on a strong note this morning, with most major indices trading in the green. The Shanghai Composite rose 19.25 points, or 0.53%, to 3,685.17, while Japan’s Nikkei surged 582.9 points, or 1.36%, to 43,301.07. Hong Kong’s Hang Seng Index led the rally with a gain of 443.22 points, or 1.78%, reaching 25,412.9. The Shenzhen Component advanced 138.19 points, or 1.22%, to 11,489.82, and South Korea’s Kospi climbed 19.76 points, or 0.62%, to 3,209.67. However, Australia’s ASX 200 bucked the trend, slipping 46.7 points, or 0.53%, to 8,834.1 amid weakness in mining and energy stocks.
Wall Street witnessed a strong rally overnight as major US indices closed significantly higher. The Dow Jones Industrial Average (DJIA) surged by 483.52 points, or 1.1%, to close at 44,458.61. The Nasdaq Composite outperformed with a gain of 296.50 points, or 1.39%, ending the session at 21,681.90. Meanwhile, the S&P 500 climbed 72.31 points, or 1.13%, to reach a record closing high of 6,445.76
On Tuesday, the market ended on a bearish note with major indices closing in the red. The Sensex fell by 368.48 points, or 0.46%, to settle at 80,235.59. Similarly, the Nifty declined by 97.65 points, or 0.40%, closing at 24,487.40.
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Result Update: Hindalco Industries | Operationally in-line; Novelis margins bottoming out
Result Update: ONGC | Earnings beat on lower opex and a tad higher sales volume/realisation
Stock Market Live Updates: Market at 2 PM: Apollo Hospitals, Hindalco Lead Nifty50 Gainers
Stock Market Live Updates: Suzlon Shares Decline 4% Even as Q1 Profit Grows
Stock Market Live Updates: HAL Shares Jump Over 2% After Strong Q1 Results
Market Live Updates: Aurionpro Stock Jumped
Market Live Update: Metal Stock On Bull Run
Market Live Updates: 3 Tata Stocks Drives Market Rally
Market Live Updates: Pharma Stock Rallies
Top Gainers and Losers on Nifty
ACME Solar secures INR 3,184 crore project funding for Hybrid Urja 280MW FDRE Project from REC Ltd
Bank Nifty Movement Today
Nifty Technical Outlook
Asian Markets Rise This Morning
US Market Overnight
Market Closes Lower on Tuesday
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