Stock Market Live Updates: The Nifty remains largely resilient, with the midcap index recovering from the lows. Trent stocks surged after delivering its Q1 results.
Stock Market Live Updates: The Nifty has recovered quickly after falling about 100 points. The Indian markets are showing resilience following Trump’s tariff doubling, increasing it to 50% on Indian exports to the US. The Nifty index is trading around 24,500. The Sensex is trading with a deficit of about 200 points.
The Nifty Pharma sectoral index is on the rise after being under pressure after Trump’s threats of levying 250% on pharma products.
Yesterday, the US President Donald Trump signed an Executive Order to impose another 25% tariff on Indian exports, taking the total to 50%.
Apart from macro and trade-related issues, the earnings cycle and the reaction to that are also in full swing.
Earnings season, at the fag end for the quarter, will bring reactions from stocks like Trent, Hero MotoCorp, BHEL, HUDCO and Sula Vineyards, while Titan, LIC, Biocon, GCPL and HPCL are some of the major companies reporting results today.
Watch this space for all the Live updates.