Business

09

Apr

By The Press Editor

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Business

Stock markets slump amid fresh tensions in West Asia, Indigo among top losers

Mumbai: Equity benchmark indices Sensex and Nifty tumbled on Thursday, April 9, 2026, after an impressive rally in the previous session as crude oil prices surged amid fresh tensions in West Asia that threatened the ceasefire reached between the US and Iran. The 30-share BSE Sensex fell -931.25 points or 1.20 per cent to settle at 76,631.65. During the day, it plunged 1,125 points or 1.50 per cent to 76,347.90. The 50-share NSE Nifty slumped 222.25 points or 0.93 per cent to end at 23,775.10. A total of 1,670 stocks declined, while 1,573 advanced and 80 remained unchanged on the…

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09

Apr

By The Press Editor

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Business

TCS Q4 Results: IT major announces final dividend of Rs 31, profit after tax inches up 1.35%

Mumbai: Country's largest IT services company, Tata Consultancy Services Ltd (TCS), has announced its quarterly results for the quarter ending March 31, 2206. The company has reported a 12.22 per cent jump in its March-quarter net profit to Rs 13,718 crore. The IT major had reported a net profit of Rs 12,224 crore in the January-March period a year ago, and Rs 10,657 crore in the preceding December quarter. According to the information shared with the exchanges, for the fiscal year 2025-26, its profit after tax inched up 1.35 per cent to Rs 49,210 crore, as against Rs 48,553 crore…

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09

Apr

By The Press Editor

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Business

Om Power Transmission IPO: Check latest GMP, price band and other details

Mumbai: The initial public offering (IPO) of power transmission infrastructure engineering, procurement, and construction (EPC) company Om Power Transmission Limited is now open for subscription. According to the information available, the three-day subscription window will end on April 13. The IPO comprises up to 85,75,000 equity shares with a face value of Rs 10 each, comprising a fresh issue aggregating up to 75,75,000 equity shares and an offer for sale of up to 10,00,000 equity shares.  At the time of writing the report, the portion meant for qualified institutional buyers (QIBs) got subscribed 0.65 times, and non-institutional investors attracted 0.05…

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09

Apr

By The Press Editor

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Business

Defence stock surges 15% on successfully completing blast trials for limpet mines, check details

Mumbai: Shares of defence company Apollo Micro Systems Ltd (AMSL) surged nearly 15 per cent on Thursday, April 9, 2026, even as equity benchmark indices Sensex and Nifty slumped as oil prices surged amid fresh tensions in West Asia, which threatened the ceasefire reached between the US and Iran. The stock opened flat at Rs 208.05 on the National Stock Exchange (NSE) and dipped to touch the intraday low of Rs 207.11. However, the stock picked up momentum after the company shared an update regarding successfully completing blast trials for limpet mines. Amid this, the stock witnessed a spurt in…

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09

Apr

By The Press Editor

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Business

Gold, silver prices fall on MCX amid fresh tensions in West Asia | Check city-wise rates

Mumbai: A day after the rally, the rates of precious metals in futures fell on Thursday, April 9, 2026, as crude oil prices rose again to above USD97 a barrel on scepticism over a fragile ceasefire between the US and Iran. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 1,129 or 0.74 per cent at Rs 1,50,647 per 10 grams against the previous close of Rs 1,51,776. However, it later rebounded and touched the intraday high of Rs 1,51,776. Last seen, it was trading at Rs 1,51,242 with a drop of…

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09

Apr

By The Press Editor

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Business

NTPC top gainer of Sensex 30 pack after signing MoU with France’s EDF, trades close to 52-week high

Mumbai: Shares of homegrown power giant NTPC are in action on Thursday, April 9, 2026, even as benchmark indices Sensex and Nifty tumbled in early trade amid a rise in crude oil prices. The 30-share BSE Sensex dropped 243.57 points to 77,319.33 in opening trade. The 50-share NSE Nifty declined 88.3 points to 23,909.05. Despite this downfall, the stock opened in the green at Rs 378, up Rs 3.75 or 1 per cent from the previous close of Rs 374.25. The scrip gained further to touch the high of Rs 381.20, representing a gain of Rs 6.6 or 1.78 per…

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09

Apr

By The Press Editor

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Business

OLA Electric Share Price: EV stock surges over 16% despite weakness on Dalal Street, here’s why

Mumbai: Shares of Ola Electric Mobility continued their upward trend on Thursday, even as benchmark indices Sensex and Nifty tumbled in early trade amid concerns of a potential ceasefire breach. The 30-share BSE Sensex dropped 243.57 points to 77,319.33 in opening trade, while the 50-share NSE Nifty shed 88.3 points to 23,909.05. Despite this weakness, shares of Ola Electric started the trading session in the green at Rs 30.49 against the previous close of Rs 30.29 on the BSE. 

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09

Apr

By The Press Editor

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Business

TCS Quarterly Results: IT stock in focus ahead of Q4 results today, may declare final dividend – Details

Mumbai: Shares of the country's largest IT services company, Tata Consultancy Services Ltd (TCS), will be in focus on Thursday, April 9, 2026, as the company is set to announce its March quarter results today. According to experts, the Indian IT sector is expected to have another muted quarter. Meanwhile, the Nifty IT index has underperformed, declining around 24 per cent over the past three months, led by the AI-induced disruptions narrative and protracted growth recovery. Along with the financial results, the board of directors of the company will also consider and may recommend a final dividend for the financial…

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09

Apr

By The Press Editor

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Business

Market Opening Bell: Sensex drops 243.57 points, Nifty holds 23,900 as crude oil prices inch up

Mumbai: A day after a strong recovery, Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a negative note on Wednesday, amid weak global cues and rising crude oil prices amid doubts about a full supply recovery from the Middle East. While the 30-share BSE Sensex dipped 243.57 points or 0.31 per cent to start the session at 77,319.33, the Nifty shed 88.3 points to open at 23,909.05. In the last trading session, the Sensex closed at 77,562.90 and the Nifty 50 at 23,997.35. Similarly, the broader indices traded in the red in the opening session.…

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08

Apr

By The Press Editor

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Business

PNG gets costlier as Indraprastha Gas Limited increases price by Rs 1.7 per SCM

New Delhi: Amid the ongoing conflict in the Middle East, Indraprastha Gas Limited (IGL) has increased the price of piped natural gas (PNG) in several cities, including Delhi-NCR. The price increase comes as the government has been pushing for greater adoption of piped natural gas amid disruptions to LPG (liquefied petroleum gas) supplies. The government has prioritised the adoption, as PNG is considered more convenient than LPG cylinders for everyday use, as gas is delivered through a pipeline directly to the home without the botheration of booking refills. Price hiked by Rs 1.70 per SCM The price of PNG in…

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