Markets

US stock futures rose on April 17 as S&P 500 and Nasdaq 100 contracts extended gains from record closes, supported by developing US-Iran peace negotiations. Netflix dropped 11% pre-market after forecasting earnings below expectations, standing as the session's key drag.

PL Asset Management identifies Indian equity markets as entering a late-stage correction despite record FII outflows tied to a global energy shock. The firm's oversold reading suggests selling pressure may be nearing exhaustion, with a recovery phase potentially ahead. FII flow stabilization remains the key near-term

Zen Technologies secured a government licence to manufacture anti-aircraft cannons across four calibres, from 12.7mm to 40mm, sending its shares jumping. The approval expands the company's scope from defence simulation into live weapons hardware, a higher-value segment. Contract awards from Indian armed forces would be

The BSE Sensex rose 505 points to 78,493.54 and the Nifty 50 gained 157 points to close at 24,353.55, both up 0.65%. The rally added ₹5 lakh crore in investor wealth in a single session. Sustained trading above Nifty's 24,350 level will be the near-term technical benchmark to watch.

Indian equities rose on April 17, with the Nifty 50 and S&P BSE Sensex gaining over 0.50%, supported by consumer goods and oil & gas sectors. Broader markets outperformed as easing Middle East tensions boosted risk appetite. Angel One, Triveni Turbine, Zen Tech, Emami, OLA, and Suzlon Energy featured among the

Crisil Ratings projects Indian banks' gross NPAs will remain at 2.0, 2.2 per cent by March 2027, near an estimated historic low of 2.0 per cent in March 2026. Corporate balance sheet strength underpins the stable outlook, though MSME exposure tied to the West Asia conflict presents a contained but monitored risk.

CLSA India's Indrajit Agarwal recommends aluminium and copper for FY27, citing supply disruptions, demand strength, and a cost advantage for Indian non-ferrous producers. Steel carries near-term downside risk, while cement faces earnings pressure before an expected second-half recovery.

Bitcoin held near $74,600 on Friday as inconsistent ETF inflows and macro uncertainty limited upside momentum. Ethereum traded around $2,300 with altcoins showing selective participation. Analysts flag $75,000 as the critical resistance level Bitcoin must clear to exit its current consolidation phase.

Crude oil prices declined after reports emerged that the US and Iran may extend a ceasefire, easing geopolitical risk premium in energy markets. The development reduces near-term fears of Middle East supply disruption, placing downward pressure on Brent and WTI benchmarks. Markets are watching whether talks advance

Gold extended its winning streak to four consecutive weeks, supported by a soft U.S. PPI print and a weakening dollar that outweighed ceasefire-driven risk-on sentiment. The decoupling from safe-haven logic points to macro positioning as the primary driver of current bullion demand.

VST Industries shares jumped 18.54% to ₹286.40 on the BSE after the company announced its Q4 results. The cigarettes and tobacco products maker is a portfolio holding of investor Radhakishan Damani, which amplifies retail interest around earnings events.

Soybean futures rebounded higher on Wednesday after recent selling pressure in the oilseed market. The bounce signals short-term buying interest but lacks confirmed volume or price-level data to assess its durability.

Corn futures rallied on Wednesday, with prices moving higher during the session. Upward corn price momentum carries downstream consequences for livestock feed costs, ethanol economics, and food ingredient margins. No specific catalyst, contract month, or price level was disclosed.

Waaree Renewable Technologies posted Q4 net profit of Rs 155.72 crore, up 66% YoY, with revenue surging 131% to Rs 1,102.40 crore, sending shares up 12%. The strong topline was offset by sharp EBITDA margin compression, raising questions about profitability as the company scales. A 2.83 GWp order book supports

U.S. stocks surged after Iran indicated an opening of the Strait of Hormuz, with the Dow gaining 555 points, the S&P 500 up over 0.70%, and the Nasdaq rising 0.99%. Reduced Hormuz closure risk eases global oil supply fears, relieving pressure on corporate margins and equity valuations. Traders will monitor crude price

Iranian Foreign Minister Abbas Araqchi announced the Strait of Hormuz is open following a Lebanon ceasefire, sending the Dow up more than 600 points at Friday's open. The move reflects a rapid unwinding of geopolitical risk premium in equities and energy markets tied to the critical oil chokepoint.

SpaceX is targeting a $2 trillion valuation in what would be the largest IPO on record, with Elon Musk planning to sell only a small equity stake to raise $75 billion from public investors. The thin float structure preserves Musk's control while unlocking a historic capital raise that would reprice the private space

Jane Street has committed $7 billion to CoreWeave through a combined cloud services contract and equity investment. The deal gives Jane Street dual exposure to CoreWeave's compute revenue and ownership upside, while providing CoreWeave with a major anchor commitment to support capacity expansion.

Manycore shares opened 175% above their issue price on the first day of Hong Kong Stock Exchange trading. The outsized gain points to strong investor demand and a conservative IPO pricing structure. Near-term trading will reveal whether gains hold or face profit-taking pressure.

The S&P 500 gained 0.3% to another record close, posting only one daily decline in April and rising more than 7% month-to-date. The Nasdaq logged its longest winning streak since 2017, with ceasefire optimism and ongoing earnings driving broad risk appetite. Energy and real estate led sector gains.