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Sensex Today Rallies 528 Points | Nifty Above 24,450 | PNB Housing Finance Up 9%
Tue, 21 Apr 10:30 am

Sensex Today Rallies 528 Points | Nifty Above 24,450 | PNB Housing Finance Up 9%Image source: phive2015/www.istockphoto.com

Asian markets traded higher on Tuesday amid hopes for a resolution to the US-Iran war ahead of the peace talks.

US stock market ended marginally lower on Monday, as renewed US-Iran tensions put the durability of a two-week ceasefire in question.

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

Stock/IndexLTPChange ($)Change (%)Day HighDay Low52-Week High52-Week Low
Alphabet335.40-4.00-1.18%339.16334.63350.15148.40
Apple273.052.821.04%274.27270.29288.61189.81
Meta670.91-17.64-2.56%683.38668.00796.25479.80
Tesla392.50-8.12-2.03%406.80388.33498.83222.79
Netflix94.83-2.48-2.55%97.6093.54134.1275.01
Amazon248.28-2.28-0.91%250.18245.37258.60165.29
Microsoft418.07-4.72-1.12%423.33416.30555.45355.67
Dow Jones49442.56-4.87-0.01%49489.6349245.6050512.7937830.66
Nasdaq26590.34-82.09-0.31%26670.1226412.5226670.1217592.92
Source: Equitymaster

At present, the BSE Sensex is trading 528 points higher and NSE Nifty is trading 127 points higher.

Eternal, Asian Paints, Axis Bank among the top gainers today.

Tech Mahindra, TCS, Infosys 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 0.6% higher and the BSE 250 SmallCap index is trading 0.9% higher.

Sectoral indices are trading positive today with stocks in realty sector and telecommunication sector witnessed buying.

The rupee is trading at Rs 93.3 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...

You can also visit our live blog section for real-time updates and deeper insights into the market.

Speaking of stock markets, Richa Agarwal highlights that recent global tensions have underscored India's dependence on imported energy and its broader economic vulnerability.

The Fast Breeder Reactor achieving criticality marks a step toward fuel self-generation and future use of thorium. With supportive policies and plans to expand nuclear capacity and private participation, India aims to strengthen its energy security.

This shift is also expected to create opportunities across the nuclear and engineering value chain.

Watch to know more.

PNB Housing Finance Q4 Results

Shares of PNB Housing Finance are in focus today after the company reported its Q4 FY26 results.

Revenue for the quarter came in at Rs 8.13 bn, up from Rs 7.34 bn in the corresponding period last year.

Net interest margin improved by 6 bps in Q4 FY26 to 3.69% compared to 3.63% during previous quarter. Asset quality showed improvement, with the gross non-performing assets ratio reducing to 0.93% from 1.08% last year.

The company reported healthy loan growth, as its retail loan book increased 16% year-on-year to Rs 869.46 bn as of 31 March 2026, accounting for 99.5% of total loans.

Assets Under Management (AUM) reached to Rs 909.21 bn as of FY26, reflecting 13% growth from FY25.

PNB Housing Finance reported net profit rising 19% to Rs 6.56 bn compared to Rs 5.50 bn in the same period last year, supported by improved operating leverage.

The company also announced a dividend of Rs 8 per share (face value Rs 10) for FY26.

SML Mahindra Q4 Results

SML Mahindra reported steady growth in its March 2026 quarter.

Revenue increased 16.45% to Rs 8.98 bn from Rs 7.71 bn in the same quarter last year.

Net profit saw a modest rise of 2.36%, coming in at Rs 0.54 bn compared to Rs 0.53 bn a year ago.

For the full year FY26, the company delivered stronger performance.

Net profit grew 31.30% to Rs 1.60 bn from Rs 1.22 bn in FY25.

Annual revenue also rose 18.30% to Rs 28.38 bn, up from Rs 23.99 bn in the previous year.

Hyundai & TVS EV Three-Wheeler Collaboration

Hyundai Motor Company and TVS Motor Company have signed a Joint Development Agreement (JDA) on 20 April 2026 to work together on electric three-wheelers for India.

The partnership focuses on designing, manufacturing, and selling electric three-wheelers meant for last-mile transport, such as short-distance passenger and cargo movement. This comes after they showcased a concept vehicle at the Bharat Mobility Global Expo 2025.

Under the agreement, Hyundai will lead the design and use its global technology and research capabilities to develop the product. TVS Motor will support development using its experience in electric vehicles and three-wheelers and will handle manufacturing and sales in India.

The vehicles will be designed specifically for Indian roads and conditions, with a focus on practical and affordable mobility. TVS will also take care of selling these vehicles in the domestic market and may export them in the future.

A key part of the plan is to manufacture most components locally in India. This will help reduce costs, improve supply chains, create jobs, and ensure better service and spare parts availability.

Overall, this partnership aims to bring new electric three-wheelers to India's large last-mile mobility market while supporting cleaner and more sustainable transport.

You can check Indian stock market live updates daily here.

Read the latest Market Commentary


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