After opening the day on a marginal high note, Indian benchmark indices closed 0.4% higher.

Benchmark Indian equity indices extended the winning streak to the third straight day, backed by keen buying support in financial shares, mainly private banks and select oil & gas stocks

At the closing bell, the BSE Sensex  closed higher by 309 points ( up 0.4%)

Meanwhile, the NSE Nifty closed points 108 higher ( up 0.5%)

IndusInd Bank, HDFC Bank, Bharti Airtel are among the top gainers today

Tata Motors, Infosys, and Maruti Suzuki, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  23,436, higher by 51 points at the time of writing.

The BSE MidCap index ended 0.6% higher, and the BSE SmallCap index ended 0.9% higher.

Barring the IT sector and the auto sector, all sectoral indices were trading on a positive note, with stocks in the Oil & gas sector and the banking sector witnessing buying.

The rupee is trading at Rs 85.6 against the US$.

Gold prices for the latest contract on MCX are trading 1.7% higher at Rs 95,074 per 10 grams.

Meanwhile, silver prices were trading 1.8% higher at Rs 96,509 per 1 kg.
 

Landmark Cars shares surge on Updates

In the news from auto sector, Landmark Car share price increased 5.8% after the company shared its business update, reaching a high of Rs 440.5 per share.

The company's Q4 result increased by 17.3% to Rs 15.3 billion (bn) compared to last year but decreased by 8.6% compared to the previous quarter.

Landmark sales increased by 21.1% to 12.6 bn compared to the last year but dropped by 9.2% compared to previous quarter.

According to filing, the company expanded rapidly in FY25 and is now focusing on stabilizing new outlets. They started delivering new car models, including Mahindra BE6, XEV 9E, and BYD Sealion 7, in March 2025.

The company's market capitalization is Rs 17.6 bn. The 52-week high of the stock was at Rs 808.2 per share and the 52-week low was at Rs 306.1 per share.

Landmark Cars is a leading luxury car dealer in India, partnering with top brands like Mercedes-Benz and Jeep. However, its stock price has dropped 45.5% in the past year.

Metal shares plummet on trade war

Moving on to the news from metal sector, Metal shares dropped sharply on Wednesday due to growing concerns over the US-China trade war.

The Nifty Metal index fell by about 1% on 16 April 2025, ending a 2-day winning streak. Stocks like Hindalco, JSW Steel, and Hindustan Zinc led the decline.

Metal shares have been dropped down due to the US-China trade war. Post Trump's tariff statement, the metal shares plummet due to fear of US economic slowdown and likely impact on metal demand globally.

The metal sector got some relief when the US president temporarily paused tariffs on most countries, except China, which still faces high duties.

Several metal stocks fell sharply in trading. Hindalco dropped 2% to Rs 604.5, while JSW Steel fell 1.17% to Rs 996.2. Hindustan Zinc and Tata Steel also declined, losing 0.76% and 0.68% respectively. Other metal stocks, including Vedanta, Jindal Stainless, and National Aluminium, saw slight drop.
 

Eicher stock price reaches new peak

Moving on to the news from auto sector, Eicher Motors, maker of Royal Enfield bikes, reached a new high of Rs 5,628.9, rising 2% due to a positive business outlook. The share price has gained 11% in just 5 trading days.

The company sales grew 10.6% in FY25, selling around 1 million units. The engine capacity greater than 350cc segment saw a 40% jump, with 1,41,000 units sold. In March alone, sales rose 33.7%, with the engine capacity greater than 350cc segment growing 49%.

Royal Enfield is focusing on exports and expects significant growth, with a potential market of 1 million units. Currently, it exports around 80,000 units.

With new launches and electric vehicle plans, the brand has a promising future.
 

HDFC Bank rallies ahead of results

Moving on to the news from banking sector, HDFC Bank's share price reached a new high of Rs 1885, rising 1 %.

The stock has gained 7% in three days ahead of its Q4 results on 19 April 2025.

HDFC Bank's deposits grew to Rs 27,140 bn, a 14.1% increase from last year and a 6% increase from the previous quarter. The bank gained Rs 1,500 bn in deposits in Q4, the highest gain in any quarter this year.

HDFC Bank stands out among banks due to its strong asset quality, despite increasing stress in the unsecured loan segment.

HDFC Bank is a top player in many areas, such as car loans, personal loans, and loans for commercial vehicles. They also excel in managing cash and supply chains for businesses.

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