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PRE MARKET REPORT
Gift Nifty indicates a positive start for the broader index in India, with a gain of 449 points or 1.96 percent. The Nifty futures were trading around 22,936 level.
After Trump announced a 90-day tariff reprieve on Wednesday, the S&P 500 surged 9.5%, the largest one-day percentage jump since October 2008. The tech-heavy Nasdaq soared 12.2%, notching its second-biggest daily gain on record.
The Dow Jones Industrial Average fell 1,014.79 points, or 2.50%, to 39,593.66. The S&P 500 lost 188.85 points, or 3.46%, at 5,268.05, and the Nasdaq Composite dropped 737.66 points, or 4.31%, to 16,387.31.
Asian stocks are on track for their third consecutive week of decline as market exhilaration turned to angst after the White House clarified that US tariffs on China rose to 145%.
Japan’s Nikkei shares were down by over 4 percent, Hong Kong’s Hang Seng decreased around 0.5 percent, and the Taiwanese benchmark sank 0.13 percent.
STOCKS TODAY
Bharti Hexacom
Telecommunications Consultants India (TCIL), a significant shareholder of Bharti Hexacom, has requested the company to initiate a fresh process for the sale of its infrastructure business to Indus Towers. Accordingly, in order to uphold the highest standards of corporate governance and transparency, the company has agreed to put the current proposal in abeyance and undertake a fresh exercise in consultation with TCIL.
Infosys
The digital services and consulting company has extended its strategic collaboration with AIB, a financial services group operating predominantly in the Republic of Ireland and the UK. The collaboration aims to deliver application development and maintenance services, agile practices, and AI-powered tooling.
Bharat Heavy Electricals Limited
BHEL has signed a Memorandum of Understanding (MoU) with the Italian company Nuovo Pignone International S.r.l. to address compressor revamp opportunities in India’s fertilizer sector, with an equal business share of 50 percent in financial terms.
Punjab National Bank
The bank has revised its Repo-Linked Lending Rate (RLLR) from 9.10% (including a BSP of 20 bps) to 8.85% (including a BSP of 20 bps), effective April 10. There is no change in the existing MCLR and base rate.
GAIL
Gas Authority of India Limited (GAIL) has completed laying over 97.6% of the integrated Jagdishpur–Haldia–Bokaro–Dhamra Pipeline (JHBDPL), also known as ‘Pradhan Mantri Urja Ganga’. Of these, nearly 96.6% have been put under commercial operation. The pipeline is currently transporting 12.26 million standard cubic meters per day (MMSCMD) of natural gas to eastern and northeastern India.
Source – Moneycontrol
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