Stock Market Highlights: Following the overnight rally on Wall Street, Indian equity benchmark indices opened in green on Thursday. At the open, Sensex jumped 400 points while Nifty was up over 100 points.
Two factors are lifting risk sentiment among investors -- a possible peace deal between Iran and the US; and no significant movement in the price of oil.
However, the indices fell in the red by 12:30 pm. At 1 pm, Sensex was down 316 points, and Nifty shed 88. Meanwhile, rupee opened 9 paise stronger against the US dollar at 93.28, against Wednesday's close of 93.37.
Here Are The Highlights of Stock Market, Sensex Today, Nifty, Share Market:-
Sensex Drops 122 Points, Nifty Down 35
At the close, Sensex settled at 77,988.68, Nifty at 24,196. 75
Supreme Court Rejects Anil Ambani's Pleas Challenging Bombay High Court Order
The Supreme Court on Thursday dismissed the pleas of industrialist Anil Ambani challenging the Bombay High Court order that allowed the proceedings initiated by banks against him and Reliance Communications.
Stock Market LIVE Updates: Check 2 PM Market Update
As of 2:00 PM, the Nifty50 was trading 0.22 per cent or 53.50 points down at 24,178.25, and the Sensex was trading 171.89 points or 0.22 per cent down at 77,939.35.
India Stock Market: HDFC AMC Q4 Profit Falls
- Net Profit at Rs 623.3 crore Vs CNBC-TV18 Poll Of Rs 644 crore
- Revenue at Rs 1,051 crore Vs CNBC-TV18 Poll of Rs 1,056 crore
- Net Profit down 19% at Rs 623.3 crore from Rs 769 crore (QoQ)
- Revenue down 2.2% at Rs 1,051 crore from Rs 1,075 crore (QoQ)
8th Pay Commission 2026: Salary Structure, Pay Hike, Arrears Explained
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Centre To Launch 15th Round Of Commercial Coal Mine Auction On Friday
This tranche marks a significant development in the government's coal sector liberalisation drive, initiated in 2020, with 14 previous rounds offering over 100 blocks and attracting significant investments.
Share Market News: Jefferies On India's Renewable Energy Sector
- Geopolitics is driving focus on energy security
- Expect India's renewable energy capacity to reach 359 GW by FY25-30
- El-nino conditions could add to upside
- JSW Energy and NTPC are top picks within the power space
- Premier & Emmvee with strong balance sheets & healthy order books are preferred PV picks
Indian LNG Importers Increase Spot Shipments After Prices Drop
India's liquefied natural gas importers have accelerated purchases from the spot market, taking advantage of a recent dip in prices, as the country looks to ease a supply crunch triggered by the war in the Middle East.
Stock Market LIVE Updates: Check 12 PM Market Update
As of 12:00 PM, the Nifty50 was trading 0.13 per cent or 21.45 points down at 24,208.90, and the Sensex was trading 79.98 points or 0.10 per cent down at 78,031.26.
Sensex Today: Check NSE Nifty All Gainers
Stock Market LIVE Updates: Most Defence Stocks Adva
Most defense stocks advanced in Thursday's session.
Share Market News: Check Expert View By Deveya Gaglani
Deveya Gaglani, Senior Research Analyst- Commodities, Axis Securities on the upcoming occasion of Akshaya Tritiya.
"Gold has delivered a strong performance over the past five years, consistently yielding positive returns year-over-year around Akshaya Tritiya. The momentum has been particularly striking in the last two years, with gains of roughly 40% and 47% in dollar terms. The year 2026 begun on a highly volatile note for global markets. Comex Gold surged to a record high of $5,598 in late January, before correcting sharply to $4,098 on 23 rd March, driven largely by profit booking and ETF outflows.
The conflict involving the US, Israel, and Iran drove crude oil prices sharply higher, from around $60 to $115 per barrel in less than two months. This surge increased global inflation concerns and shifted market expectations, with investors beginning to price in potential rate hikes by the Federal Reserve instead of the rate cuts that were anticipated at the start of 2026. As a result, Gold's safe-haven appeal softened, leading to relative underperformance during the peak of the conflict. However, the metal showed resilience, holding its ground as ceasefire talks between the US and Iran helped ease crude oil prices, thereby reducing inflationary pressures.
We expect gold prices to maintain a positive bias in 2026, as either a stagflationary environment or lower crude oil prices would be supportive for bullion in the period ahead. Prices may once again retest the $5,300-$5,500 range over the next year, implying an upside of around 10-15% from current levels. In the domestic market, we expect prices to reach Rs 1,70,000-Rs 1,85,000 over the same period."
Stock Market LIVE Updates: Most Auto Stocks Decline
Most auto stocks declined on the National Stock Exchange (NSE) on Thursday.
Stock Market Today: Check BSE Sensex Heatmap
Stock Market LIVE Updates: India VIX Tumbles Over 9%
The Nifty India Volatility Index fell 9.5 per cent to 16.83, indicating a decline in the near-term volatility.
India's Trade Gap Shrinks As Rise In Exports To US Offsets Iran War Hit
Exports to the US rose 17.4 per cent month-on-month to $8.02 billion, supported by a cut in tariffs to 10 per cent after a US Supreme Court ruling. Read full report here
Stock Market LIVE Updates: All Sectors Trade Higher At Opening
Among the sectoral indices, Nifty IT, Media, Metal, Realty, and Consumer Durables rose over 1 per cent each.
Share Market Today: Both Sensex, Nifty Open In Green
The BSE Sensex opened at 78,587.98 levels, up by 476.74 points or 0.61 per cent. At opening, the NSE Nifty50 rose 115.20 points or 0.48 per cent to 24,346.50 levels.
Stock Market LIVE Updates: Sensex, Nifty Settle Higher In Pre-Market
In the pre-market session, the BSE Sensex rose 573.12 points or 0.73 per cent to 78,684.36 levels, and the NSE Nifty30 was at 24,385.20 levels, up 153.90 points or 0.64 per cent.
Stock Market Today: Check Expert View By Investor AI
The Thesis
InvestorAi is diversifying out of the pure metals trade and placing a significant bet on financials for the first time in weeks. Brent's retreat from $103 to $95 on renewed US-Iran diplomacy hopes is the catalyst - cooling crude eases margin pressure on cyclicals while reducing the inflation overhang that kept rate-sensitives in the penalty box. With VIX stable at 20.5 and Nifty holding above 24,000 through its strongest weekly rally in five years, the models are reading this as an inflection: time to broaden the book beyond metals into financials, energy, and pharma.
Where We're Concentrated
The book straddles the Hormuz outcome: financials (IIFL, KFin) benefit from crude cooling and rate optimism, metals (Hindalco, Tata Steel) keep the commodity exposure alive, and energy (ONGC, NLC India) is a direct play on elevated crude cash flows. Laurus Labs provides the pharma hedge. This thesis breaks if US-Iran talks collapse again and Brent re-tests $103 - that would squeeze margins across the cyclical book while making only the energy leg work.
Conviction Picks
Highest Conviction
IIFL Finance
Financials return to the conviction table for the first time in weeks. With Brent retreating from $103 and VIX stabilising, rate-sensitive names get room to breathe - IIFL's diversified lending book is positioned for the re-rating.
Highest Conviction
Hindalco Industries
The aluminium thesis is less crude-sensitive than steel - global supply tightness and Novelis's margin expansion keep the metals play alive even as the Hormuz narrative shifts. Nifty Metal's strong weekly performance validates the positioning.
Energy Play
ONGC
A direct bet on elevated Brent. Even at $95 (down from $103), ONGC's realisation remains well above budget assumptions. If the Hormuz blockade persists, this is the purest beneficiary in the Indian market.
Defensive Anchor
Laurus Labs
Pharma provides the hedge as crude volatility persists. Laurus's API-to-formulations pivot insulates it from the macro whipsaw - the defensive leg the book needs if diplomacy stalls and VIX spikes again.
One Thing to Watch
US-Iran talks. Trump signalled discussions could resume within days. If Brent drops below $92, the financials thesis accelerates but ONGC weakens. If talks collapse and crude re-tests $100, the entire non-energy book faces margin compression. The $92-$100 Brent range is the decision zone for this portfolio.
Share Market Today: F&O Cues For The Day
- Nifty put-call ratio at 1.11
- FIIs bought Rs 1,243 crore in index futures and sold Rs 94 crore worth of stock futures
- Net FII shorts remain at 79% with longs at 21%
- 24,200 Nifty put sees addition of 44.25 lakh shares
- 24,200 Nifty call also sees addition of 34.57 lakh shares
- Sammaan Capital and SAIL remain the two stocks in the F&O ban
India Stock Market News: GIFT Nifty Trading Higher
The futures were quoted at 24,304.50, up 66.80 points or 0.28 per cent.
Oil Prices Fall As Hopes For US-Iran Deal Outweigh Supply Concerns
Brent crude futures dropped 44 cents, or 0.5 per cent, to $94.49 a barrel at 0021 GMT. US West Texas Intermediate crude futures was down 70 cents, or 0.8 per cent, at $90.59 a barrel.
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