Sensex Today | Nifty 50 | Stock Market Live Updates: Equity benchmarks ended higher on Thursday, with the Nifty rising 0.5% to settle at 24,175.
Analysts believe Indian markets are poised for a gradual upward move, supported by favourable global cues and improving investor sentiment.
Shares of Astral, a maker of plumbing products and construction chemicals, have dropped 11% since Monday after the company announced plans to demerge its chemicals business from its core plumbing operations. The decline reflects investor concerns over the standalone valuation and growth prospects of the demerged unit, which currently delivers lower margins and slower revenue growth than the plumbing business. Following the announcement, analysts have cut their target prices by 5–9%.
For years, investors have debated whether staying fully invested in equities is the best strategy for building long-term wealth. Increasingly, however, money managers and wealth advisors believe that a mix of equities and debt can deliver a better balance between returns and risk by helping reduce portfolio volatility.
Crude oil prices remained under pressure on Friday as tanker traffic through the Strait of Hormuz continued to normalise and diplomatic efforts between the US and Iran showed signs of progress. Brent crude was also on track for a fourth consecutive weekly decline, marking its longest losing streak since August 2024.
Asian stocks declined on Friday, putting the regional benchmark on course for a second consecutive weekly loss as investors grew increasingly concerned that the rally driven by artificial intelligence enthusiasm may have outpaced underlying fundamentals.
In today's trade, shares of Marico, Adani Enterprises, Tata Motors, PB Fintech and Punjab National Bank (PNB) will be in focus amid key corporate developments and first-quarter business updates.