Madhu Balaji

3 weeks ago | thehindubusinessline.com | Madhu Balaji

Pharma index surged over 4 per cent in early trade on Thursday after US President Donald Trump’s administration exempted pharmaceutical products from reciprocal tariffs. Market and industry experts see this as positive sign for Indian pharma companies. Only Nifty Pharma and healthcare traded in the positive territory among all sectoral indices. As at 10.06 am, Nifty pharma was up 3.18 per cent at 21,619.85 and Nifty midsmall healthcare index rose 1.93 per cent to 41,045.35.

3 weeks ago | thehindubusinessline.com | Madhu Balaji

Shares of Tata Consumer Products, IndusInd Bank, Zomato, Titan and Trent led the gainers of Nifty 50 components, while BEL, Nestle India, Hindalco, UltraTech Cement and Dr Reddy’s Laboratories depreciated. All sectoral indices traded in green, showcasing mixed trends with realty and consumer durables leading the market tide. Oil & gas and metal stocks showed resilience. Equity benchmark indices traded higher intraday, but the uncertainty of Trump’s reciprocal tariffs seems to keep gains in control.

3 weeks ago | thehindubusinessline.com | Madhu Balaji

Shares of Waaree Energies and Premier Energies fell nearly 3 per cent in early trade after Bernstein initiated coverage on these solar stocks with an underperform rating. The global investment firm expects a deterioration in returns and rich valuations. It has set a target price of ₹1,902 on Waaree, implying a 20 per cent downside potential from Tuesday’s close. For Premier Energies, Bernstein assigned a target price of ₹693, signalling a 24 per cent downward trend.

3 weeks ago | thehindubusinessline.com | Madhu Balaji

Shares of Hindustan Aeronautics jumped over 6 per cent from the previous close on Tuesday. The stock has been in focus following the receipt of two contracts from Defence Ministry, worth ₹62,700 crore. The Ministry on March 28, 2025, entered two contracts for supply of 156 light combat helicopters (LCH) Prachand. The five-year contract allocates 66 LCHs to the Indian Air Force and 90 to the Indian Army.

3 weeks ago | thehindubusinessline.com | Madhu Balaji

Shares of Trent, IndusInd, ONGC, Jio Financial and Bajaj Auto traded among the top gainers of Nifty 50 components, while HDFC Bank, Bajaj Finserv, HCL Technologies, Infosys and Titan were major laggards. Realty stocks witnessed the maximum selling pressure. The index slumped over 3 per cent. IT, consumer durables, healthcare and pharma continued to trade in the red due to heightened uncertainty about Trump’s reciprocal tariffs. The broader indices tanked.