Stock Market LIVE: Sensex, Nifty in green as Iran dismisses counter retaliation; bond yields rise

In the past two weeks, the stock of private sector lender slipped 14 per cent after Chandra Shekhar Ghosh, Managing Director and Chief Executive Officer (MD and CEO) of the bank on April 5 said would retire after the completion of his current tenure on July 9. Ghosh has led the bank since July 10, 2015. READ MORE

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Reports of Irsael’s attack on Iran, in early hours of Friday, sent most Asian markets into a correction mode. The S&P BSE Sensex slipped nearly 1 per cent, or 599 points to hit a low of 71,816 levels – down sharply from its 52-week high of 75,124.28 hit on April 09.

Shares of Indus Towers hit an over six-year high of Rs 359.60 as they rallied 4 per cent on the BSE in Friday’s intraday trade in an otherwise weak market. The stock of the telecom infrastructure company continued at its northward movement, having surged 51 per cent in the past one month, on improved business outlook. Since November 2023, it has more-than-doubled, zooming 108 per cent during the period. Read more

The NSE Nifty 50 plunged 1 per cent or 218 points to 21,778 in Friday’s intra-day deals following a sell-off in Asian markets on reports of multiple explosions in Iran, amid the Israel retaliation threat. Markets across the globe have witnessed a steep fall this week after Iran’s drones and missiles strike on Israel over the weekend. Read more

Wipro is expected to register a decline in revenue and profit for the January-March quarter (Q4FY24) as compared to the same quarter in the year ago period due to seasonality, weakness in discretionary spending and cautious sentiment across major verticals impacting revenue growth in Q4, analysts said.