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Sensex Today Rallies 1,230 Points | Nifty Above 24,200 | Railtel Corporation of India Up 13%
Wed, 15 Apr 10:30 am

Sensex Today Rallies 1,230 Points | Nifty Above 24,200 | Railtel Corporation of India Up 13%Image source: smagilov/www.istockphoto.com

Asian markets traded higher on Wednesday, following overnight gains on Wall Street, amid rising hopes of a diplomatic solution to the Middle East conflict.

US stock market ended higher on Tuesday on renewed hopes for US-Iran peace talks and as investors also assessed the latest batch of bank earnings.

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

Stock/IndexLTPChange ($)Change (%)Day HighDay Low52-Week High52-Week Low
Alphabet330.5811.373.56%330.64321.15350.15148.4
Apple258.79-0.41-0.16%261.93257.19288.61189.81
Meta662.4927.964.41%666.26639.37796.25479.8
Tesla364.1611.743.33%367.63354.77498.83222.79
Netflix106.243.082.99%106.57103.04134.1275.01
Amazon249.029.133.81%252.18241.78258.6165.29
Microsoft393.018.642.25%394.69386.52555.45355.67
Dow Jones48535.99317.740.66%48592.2948192.350512.7937830.66
Nasdaq25842458.281.81%25839.6825514.5626182.117592.92
Source: Equitymaster

At present, the BSE Sensex is trading 1,230 points higher and NSE Nifty is trading 376 points higher.

TCS, Infosys, Adani Ports among the top gainers today.

ICICI Bank on the other hand are among the top losers today.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

The BSE 150 Midcap index is trading 1.7% higher and the BSE 250 SmallCap index is trading 1.7% higher.

Sectoral indices are trading positive today with stocks in IT sector and services witnessed buying.

The rupee is trading at Rs 93.2 against the US dollar.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

Speaking of stock markets, Rahul Shah from Equitymaster highlights an interesting insight. A viral chart suggests that investing at the lowest point of the year could grow your wealth to Rs 5 crore, while investing at the highest point may result in Rs 3 crore, the difference largely driven by luck.

But what if investors could aim much higher, say Rs 18 crore without depending on market timing?

This video breaks down a simple blueprint designed to make luck irrelevant and focus on a more consistent wealth-building strategy.

Watch to know more.

LIC Announces Bonus Share Issue

Life Insurance Corporation of India (LIC) has announced a bonus issue for its shareholders. It approved the issuance of bonus equity shares in the proportion of 1:1, to the existing shareholders. The record date for eligibility will be declared later, and the proposal is still subject to shareholder approval.

Following this move, the company's total number of shares will increase, and its paid-up capital will rise from around Rs 653.25 billion (bn) to about Rs 126.50 bn However, this does not increase the company's overall value, it simply spreads the same value across a larger number of shares. LIC's strong reserves and profitability support this decision.

The objective behind the bonus issue is to reward investors and make the stock more accessible by lowering its per-share price. This can also improve liquidity, as more shares become available for trading.

Poonawalla Fincorp QIP Sees Strong Demand

Poonawalla Fincorp Limited has successfully completed its Qualified Institutions Placement (QIP), raising Rs 25 bn. The fundraising saw strong interest from institutional and long-term investors, showing confidence in the company's growth plans and strategy.

As part of the issue, the company allotted over 6.74 crore equity shares with a face value of Rs 2 each at a price of Rs 370.75 per share. This price was offered at a 5% discount to the floor price of Rs 390.26, resulting in total proceeds of Rs 25 bn.

The QIP was open from 9 April to 13 April 2026, and attracted a wide range of investors, including domestic mutual funds, insurance companies, and foreign institutional investors, indicating broad-based participation.

Poonawalla Fincorp Share Price Chart (Rs) - 6 Months

ICICI Prudential AMC Q4 Results

Shares of ICICI Prudential AMC came into focus after the company reported its Q4 FY26 results

For the March 2026 quarter, net profit increased by 10.37% to Rs 7.63 bn, compared to Rs 6.92 bn in the same quarter last year.

Revenue also grew by 19.53% to Rs 15.17 bn, up from Rs 12.69 bn a year ago.

For the full year, the company's net profit rose by 24.43% to Rs 32.98 bn, compared to Rs 26.51 bn in the previous year.

Revenue for the year increased by 23.10% to Rs 57.65 bn, up from Rs 46.83 bn last year.

You can check Indian stock market live updates daily here.

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