Sensex Today Rallies 528 Points; Nifty Above 24,450

Asian markets traded higher on Tuesday amid hopes for a resolution to the US-Iran war ahead of the peace talks.

US stock market ended marginally lower on Monday, as renewed US-Iran tensions put the durability of a two-week ceasefire in question.

Here's a table showing how US stocks performed on Monday:

Source: Equitymaster

At present, the BSE Sensex is trading 528 points higher, and the NSE Nifty is trading 127 points higher.

Eternal, Asian Paints, and Axis Bank are among the top gainers today.

Tech Mahindra, TCS, and Infosys, on the other hand, are among the top losers today.

The BSE 150 Midcap index is trading 0.6% higher, and the BSE 250 SmallCap index is trading 0.9% higher.

Sectoral indices are trading positively today, with stocks in the realty sector and the telecommunication sector witnessed buying.

The rupee is trading at Rs 93.3 against the US dollar.

PNB Housing Finance Q4 Results

Shares of PNB Housing Finance are in focus today after the company reported its Q4 FY26 results.

Revenue for the quarter came in at Rs 8.13 bn, up from Rs 7.34 bn in the corresponding period last year.

Net interest margin improved by 6 bps in Q4 FY26 to 3.69% compared to 3.63% during the previous quarter. Asset quality showed improvement, with the gross non-performing assets ratio reducing to 0.93% from 1.08% last year.

The company reported healthy loan growth, as its retail loan book increased 16% year-on-year to Rs 869.46 bn as of 31 March 2026, accounting for 99.5% of total loans.

Assets Under Management (AUM) reached Rs 909.21 bn as of FY26, reflecting 13% growth from FY25.

PNB Housing Finance reported a net profit rising 19% to Rs 6.56 bn compared to Rs 5.50 bn in the same period last year, supported by improved operating leverage.

The company also announced a dividend of Rs 8 per share (face value Rs 10) for FY26.

SML Mahindra Q4 Results

SML Mahindra reported steady growth in its March 2026 quarter.

Revenue increased 16.45% to Rs 8.98 bn from Rs 7.71 bn in the same quarter last year.

Net profit saw a modest rise of 2.36%, coming in at Rs 0.54 bn compared to Rs 0.53 bn a year ago.

For the full year FY26, the company delivered stronger performance.

Net profit grew 31.30% to Rs 1.60 bn from Rs 1.22 bn in FY25.

Annual revenue also rose 18.30% to Rs 28.38 bn, up from Rs 23.99 bn in the previous year.

Hyundai & TVS EV Three-Wheeler Collaboration

Hyundai Motor Company and TVS Motor Company have signed a Joint Development Agreement (JDA) on 20 April 2026 to work together on electric three-wheelers for India.

The partnership focuses on designing, manufacturing, and selling electric three-wheelers meant for last-mile transport, such as short-distance passenger and cargo movement. This comes after they showcased a concept vehicle at the Bharat Mobility Global Expo 2025.

Under the agreement, Hyundai will lead the design and use its global technology and research capabilities to develop the product. TVS Motor will support development using its experience in electric vehicles and three-wheelers and will handle manufacturing and sales in India.

The vehicles will be designed specifically for Indian roads and conditions, with a focus on practical and affordable mobility. TVS will also take care of selling these vehicles in the domestic market and may export them in the future.

A key part of the plan is to manufacture most components locally in India. This will help reduce costs, improve supply chains, create jobs, and ensure better service and spare parts availability.

Overall, this partnership aims to bring new electric three-wheelers to India's large last-mile mobility market while supporting cleaner and more sustainable transport.