Stock Market

As of noon on April 29, the stock market is experiencing flat trading. The Sensex is up by a mere 11 points, while Nifty is down by 12 points.

On the liquidity front, the Reserve Bank of India (RBI) has been proactively conducting Open Market Operations (OMOs) to inject systemic liquidity.

The report also flagged concerns about generic pharmaceutical export companies, expecting earnings downgrades to begin from the second half of FY26.

The forex reserves started falling after reaching an all-time high of USD 704.89 billion in September, only to recover afterwards.

Sector-wise, the sharp rebound in the IT sector stood out as a key driver. Additionally, the auto, pharma, and real estate sectors also posted gains.

Captain Technocast Limited has updated its bonus share record date to April 29, 2024. The company will issue bonus shares in a 1:1 ratio, aiming to enhance shareholder value. The stock has surged 3,200% in the last five years.

Recently, there has been a major geopolitical concern after terrorists killed innocent tourists in Kashmir. This situation has created an overhang on Indian markets.

The only significant drop occurred after the Parliament attack in 2001-02, when the market corrected sharply.

Tensions between India and Pakistan impacted the stock market on April 25th. The Sensex fell 589 points, while the Nifty dropped 207 points. Will the market decline further if tensions escalate following the Pahalgam attack?

Maruti Suzuki India released its January-March quarter results for FY 2024-25. Despite a 4.30% decline in profit, the company will distribute a substantial dividend of Rs 135 per share to investors.