Shares of Powerica Ltd. saw a weak market debut on Thursday, April 2, after its ₹1,100 crore IPO saw healthy subscription between March 24 and March 27. The stock was listed at ₹366 per share on the National Stock Exchange (NSE), a discount of 7.34%. On the BSE, the shares of the company were listed…
Shares of V-Mart Retail are bucking the trend in an otherwise weak market on Thursday, April 2, in reaction to its fourth quarter business update that was shared after market hours on Wednesday. The stock is seeing gains of as much as 12% on Thursday, on a day when over 2,000 stocks on the National…
Shares of InterGlobe Aviation Ltd., the parent company of IndiGo, opened 4% lower on Thursday, April 2, after the airline announced a revision in fuel surcharges effective the same day. The revised fuel charge structure is now distance-based, making short-haul travel cheaper while increasing costs for medium and long-haul routes. For domestic routes, fuel surcharges…
Shares of Dhanlaxmi Bank Ltd. declined on Thursday, April 2, after the company reported its provisional update for the fourth quarter. The lender’s total business increased 19.68% to ₹33,733 crore from the previous year’s ₹28,219 crore. It also increased sequentially from ₹31,929 crore. Its total deposits were up 16.42% at ₹18,643 crore from ₹16,013 crore…
Shares of Sun Pharma Ltd. fell as much as 6% on Thursday, April 2, on reports of the Trump administration announcing tariffs on drugmakers. Shares of other pharma companies have also declined along with India’s largest drugmaker. According to a Bloomberg report, the Trump administration plans to announce tariffs on drugmakers who have not struck…
For many wealthy investors, the volatility has been an opportunity to buy dips and rebalance investments. Investors weathered the worst month for the S&P 500 since March 2025 as the Iran war, rising oil prices, artificial intelligence disruption fears and sticky inflation all weighed on market sentiment. Continue Reading with CNBC-TV18 Access Membership Priority Access…
According to Dipan Mehta, Director, Elixir Equities, growth in organised retail is expected to moderate, with revenue expansion driven by store additions but earnings pace slowing from earlier levels. Investors may consider holding existing positions while being selective on fresh exposure. Travel-linked segments such as airlines and hotels could offer recovery potential over time. Defence…
The Nifty Pharma index declined 3.5% on Thursday, April 2, tracking a sharp sell-off in frontline stocks. Shares of Sun Pharmaceutical Industries fell 6% following reports that the Trump administration may impose tariffs on drugmakers. Other pharma stocks also traded lower in tandem with India’s largest drugmaker. A Bloomberg report indicated that the Trump administration…
To cushion the domestic industry from global supply disruptions, India has granted full customs duty exemption on select critical petrochemical products until June 30, 2026, citing the ongoing conflict in West Asia and its impact on supply chains. The decision, notified by the Finance Ministry, aims to ensure the continued availability of key petrochemical inputs,…
Shares of Larsen and Toubro Ltd. (L&T) have entered “bear market territory” in technical terms, as the stock is down more than 20% from its 52-week high. L&T shares declined nearly 4% on Thursday, April 2. The stock has declined for three out of the last four trading sessions. It has also dropped 14.3% in…
