PRE MARKET
GIFT Nifty suggests a muted start for the broader index in India, with a loss of 44 points or 0.18 percent. The Nifty futures were trading around the 24,170.00 level.
The benchmark S&P 500 and the tech-heavy Nasdaq rose modestly to record closing highs for a second straight day on Thursday on optimism that the worst of the Middle East conflict had passed after Israel agreed to a temporary ceasefire with Lebanon and U.S. President Donald Trump indicated the U.S. and Iran could meet again on the weekend.
The S&P 500 was up 0.26% to end the session at 7,041.28 points. The Nasdaq ended up 0.36% to 24,102.70 points, and the Dow Jones Industrial Average rose 0.10% to 48,627.26 points.
Asian stocks fell as investors lightened their positions ahead of the weekend while awaiting progress on extending the US-Iran ceasefire, after a rally driven by expectations the truce would be prolonged.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted index edged down -0.91, -1.16, and -0.46 percent.
STOCKS IN NEWS
CESC
CESC has signed power purchase agreements with four companies—Vismaya Renewables India Project, Hexa Climate Solutions, Purvah Green Power, and Sprng Energy—for the procurement of power from grid-connected wind-solar hybrid power projects.
Rail Vikas Nigam
Rail Vikas Nigam has emerged as the lowest bidder (L1) for the construction of the 3rd and 4th lines between Nergundi–Barang and Khurda Road–Vizianagaram on the Bhadrak–Vizianagaram section, including the construction of important bridges on an EPC mode. The project is valued at Rs 967.92 crore.
Axis Bank
Axis Bank said its board will explore the option of fund-raising via the issuance of equity shares or other instruments on April 25, along with the announcement of financial results for the quarter and year ended March 2026.
Kalyani Steels
Bal Mukand Maheshwari has resigned as Chief Financial Officer of Kalyani Steels, effective May 8.
Source – Moneycontrol
