Most Asian stocks retreated on Wednesday as persistent uncertainty over US trade tariffs left investors wary of risk-driven markets, while technology shares were rattled by a warning from AI major Nvidia.

US stocks saw choppy trading on Tuesday (15 April) as investors digested a new round of first-quarter earnings reports and welcomed a recent easing in market volatility.

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

Source: Equitymaster

At present, the BSE Sensex is trading 98 points higher, and the NSE Nifty is trading 32 points higher.

Trent, Axis Bank, and Jio Financial are among the top gainers today.

Bajaj Auto, Hindalco, and Sun Pharma, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.5% higher, and the BSE Smallcap index is trading 0.6% higher.

Sectoral indices are trading mixed today with stocks in capital goods sector, and power sector witnessing buying speer. Meanwhile, stocks in metal sector and auto sector witnessing selling pressure.

The rupee is trading at Rs 85.57 against the US dollar.
 

IREDA Q4 Results

Indian Renewable Energy Development Agency (IREDA) on 15 April reported a net profit of Rs 5 billion (bn) for the fourth quarter of FY25.

This marks a rise of nearly 49% from the Rs 3.4 bn net profit reported in the Q4 of FY25.

The PSU company's revenue from operations, meanwhile, surged nearly 37% to Rs 19.1 bn.

IREDA's interest income earned during the reported quarter also saw a sharp increase of over 40% to Rs 18.6 bn. The company's total expenses meanwhile surged 41% to Rs 12.8 bn.

For the entire financial year 2025, the company reported a net profit margin of 25.1%.

This however market a marginal fall from the 25.2% net profit margin reported in FY24.

The company's operating margin also reduced from 33.9% in FY24 to 31% in FY25.

The company's asset quality however has declined on a year-over-year basis. Net NPA margin increased from 0.9% in Q4 FY24 to 1.35% in Q4 FY25.

However, it declined sequentially from 1.5 percent in Q3 FY25. Gross NPA margin stood at 2.45% during the reported quarter.

Along with the Q4 results, IREDA also announced the appointment of cost accountants RM Bansal and the company as the PSU firm's cost auditor for the current financial year (FY26). The appointment will be effective from today.

Oil India Shares in Focus

Shares of Oil India Ltd will be in focus after the company announced the securing of 9 blocks in OALP round XI.

The shares closed 2.2% higher at Rs 367 apiece on the NSE on Tuesday.

Oil India Limited (OIL), a Maharatna CPSE of MoPNG, and a leading energy company in India, in a landmark stride, secured 9 blocks under OALP Round IX, adding over 51,000 Sq.km to its exploration portfolio - with 6 blocks as sole operator and 3 as consortium partners.

This milestone propels OIL's total exploration acreage from 60,000 sq km to 110,000 sq km, registering a remarkable 85% growth.

Significantly, OIL had submitted bids for 9 blocks and won all 9, achieving a 100% strike rate, underscoring the company's strategic focus, technical strength, and competitive edge.

This bold expansion is a clear reflection of OIL's strategic vision and strong alignment with India's energy priorities.

Notably, over 47,000 Sq.km of the newly awarded acreage lies in deep and ultra deep offshore waters, marking a breakthrough as OIL takes on technically complex and high-potential Frontiers.

OIL has also made its debut in the Cambay Basin and the state of Meghalaya, unlocking fresh opportunities in untapped geological provinces.
 

Vedanta's Cairn Oil Acquires 7 Exploration Blocks

Mumbai-listed mining conglomerate Vedanta Ltd on Tuesday (15 April) said its oil and gas subsidiary, Cairn Oil & Gas, has secured seven new exploration blocks under the Open Acreage Licensing Policy (OALP) Round IX auction.

The contracts for the newly acquired blocks were formally signed today at a ceremony attended by the Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri.

The awarded new blocks comprise 4 onshore and 3 shallow water blocks located in the hydrocarbon basins of Cambay, Saurashtra, and Mumbai.

With this addition, Cairn's portfolio now expands to 69 blocks covering over 73,000 square kilometer across the country.

Cairn is the largest private player, acquiring 7 out of the 28 blocks auctioned in OALP Round IX, strengthening its portfolio, in line with the vision to contribute 50% of domestic crude production in India.

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