Market

Nestle, Hindustan Unilever, ITC and Tata Consultancy Services were among the laggards. Source

Sensex and Nifty surge nearly 4% as India-Pakistan tensions ease and U.S.-China tariffs lower, marking biggest gains. Source

Persistent Systems reported constant currency revenue growth of 4.5% for the March quarter, which is higher compared to street estimates, which ranged between 3.7% and 3.8%. Revenue growth in constant currency terms stood at 4.6% in the previous quarter and 3.4% during the same quarter last year.  Source

Rupee strengthens against US dollar on easing tensions, foreign investor interest, and positive trade agreements, impacting forex market. Source

Divi’s Laboratories has a high potential to become a primary supplier given its capacity addition, Citi said in its note, further adding that Orforglipron, Eli Lilly’s potential best-in-class oral GLP-1, is the next addition in Divi’s Laboratories’ pipeline. Source

Equity indices Sensex and Nifty drop after sharp rally, driven by profit-taking, while global markets show positive trends. Source

The Nifty 50 fell 0.56 per cent to 23,184.8 points as of 9:20 a.m. IST, while the BSE Sensex shed 0.55 per cent to 76,616.5. Source

Zepto sees increase in Indian ownership with $100M deal, aiming for 50% threshold before IPO. Source

Since December 10, rupee has depreciated 2.12% against US dollar to touch 86.62 Source

LIC increases stake in Bank of India to 8.38% over four years, shares close at ₹112.55. Source