Asian markets traded higher on Wednesday, following overnight gains on Wall Street, amid rising hopes of a diplomatic solution to the Middle East conflict.
US stock market ended higher on Tuesday on renewed hopes for US-Iran peace talks and as investors also assessed the latest batch of bank earnings.
Here's a table showing how US stocks performed on Tuesday:
Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
|---|---|---|---|---|---|---|---|
Alphabet | 330.58 | 11.37 | 3.56% | 330.64 | 321.15 | 350.15 | 148.4 |
Apple | 258.79 | -0.41 | -0.16% | 261.93 | 257.19 | 288.61 | 189.81 |
Meta | 662.49 | 27.96 | 4.41% | 666.26 | 639.37 | 796.25 | 479.8 |
Tesla | 364.16 | 11.74 | 3.33% | 367.63 | 354.77 | 498.83 | 222.79 |
Netflix | 106.24 | 3.08 | 2.99% | 106.57 | 103.04 | 134.12 | 75.01 |
Amazon | 249.02 | 9.13 | 3.81% | 252.18 | 241.78 | 258.6 | 165.29 |
Microsoft | 393.01 | 8.64 | 2.25% | 394.69 | 386.52 | 555.45 | 355.67 |
Dow Jones | 48535.99 | 317.74 | 0.66% | 48592.29 | 48192.3 | 50512.79 | 37830.66 |
Nasdaq | 25842 | 458.28 | 1.81% | 25839.68 | 25514.56 | 26182.1 | 17592.92 |
Source: Equitymaster
At present, the BSE Sensex is trading 1,230 points higher, and the NSE Nifty is trading 376 points higher.
TCS, Infosys, and Adani Ports among the top gainers today.
ICICI Bank, on the other hand are among the top losers today.
The BSE 150 Midcap index is trading 1.7% higher, and the BSE 250 SmallCap index is trading 1.7% higher.
Sectoral indices are trading positively today, with stocks in the IT sector and services witnessing buying.
The rupee is trading at Rs 93.2 against the US dollar.
LIC Announces Bonus Share Issue
Life Insurance Corporation of India (LIC) has announced a bonus issue for its shareholders. It approved the issuance of bonus equity shares in the proportion of 1:1, to the existing shareholders. The record date for eligibility will be declared later, and the proposal is still subject to shareholder approval.
Following this move, the company's total number of shares will increase, and its paid-up capital will rise from around Rs 653.25 billion (bn) to about Rs 126.50 bn. However, this does not increase the company's overall value; it simply spreads the same value across a larger number of shares. LIC's strong reserves and profitability support this decision.
The objective behind the bonus issue is to reward investors and make the stock more accessible by lowering its per-share price. This can also improve liquidity, as more shares become available for trading.
Poonawalla Fincorp QIP Sees Strong Demand
Poonawalla Fincorp Limited has successfully completed its Qualified Institutions Placement (QIP), raising Rs 25 bn. The fundraising saw strong interest from institutional and long-term investors, showing confidence in the company's growth plans and strategy.
As part of the issue, the company allotted over 6.74 crore equity shares with a face value of Rs 2 each at a price of Rs 370.75 per share. This price was offered at a 5% discount to the floor price of Rs 390.26, resulting in total proceeds of Rs 25 bn.
The QIP was open from 9 April to 13 April 2026, and attracted a wide range of investors, including domestic mutual funds, insurance companies, and foreign institutional investors, indicating broad-based participation.
ICICI Prudential AMC Q4 Results
Shares of ICICI Prudential AMC came into focus after the company reported its Q4 FY26 results
For the March 2026 quarter, net profit increased by 10.37% to Rs 7.63 bn, compared to Rs 6.92 bn in the same quarter last year.
Revenue also grew by 19.53% to Rs 15.17 bn, up from Rs 12.69 bn a year ago.
For the full year, the company's net profit rose by 24.43% to Rs 32.98 bn, compared to Rs 26.51 bn in the previous year.
Revenue for the year increased by 23.10% to Rs 57.65 bn, up from Rs 46.83 bn last year.
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