Market

Titan, Maruti, Adani Ports, Nestle and Power Grid were the other major gainers. Source

Equity indices Sensex and Nifty drop as IT stocks drag lower, following weak Asian market trend. Source

Drew Pettit, Director of US Equity Strategy and ETF Analysis & Strategy Research at Citi, said the firm has cut its view on US stocks to neutral, as overall support from factors like GDP growth and earnings upgrades is weakening, even though some top US companies still look strong. Source

Rupee expected to trade in narrow range amid oil prices, U.S.-Iran talks, China data, Moody’s downgrade, and foreign inflows. Source

The Sensex opened in the green on Saturday over hopes of a manufacturing and consumption boost in the Union Budget 2025. Source

Gold prices rise by ₹918 to ₹93,359 per 10 gm in futures trade due to speculators and firm demand. Source

HUL now sees EBITDA margin to be between 22% to 23%, which is lower than their earlier range of 23% to 24%. For the March quarter, the EBITDA margin stood at 22.8%, compared to 23% in the same quarter last year and marginally below the CNBC-TV18 poll of 23.1%. Source

Rupee strengthens against dollar on weak U.S. dollar index and falling crude oil prices, impacting forex market. Source

Aditya Khemka, Fund Manager at InCred Asset Management, remains cautious about Indian companies looking to manufacture GLP-1 products. Source

BSE Sensex drops 271 points due to selling in IT stocks and weak global market trend. Source