00:17Good afternoon, you're watching the Business Today show with me, Sakshi Batra.
00:20This is where I get you all the market closing action on the last street.
00:23First up, let's take a look at what's hot in the world of corporate as well as financials.
00:31Stock markets are the day's high, tracking the West Asia war commentaries now,
00:35with the CEN6 now surging over 600 points to 73,900 and the nifty near 22,900 mark.
00:42This is right after Reuters reports of an Iran-US ceasefire plan
00:47that could reopen the Strait of Hormuz and ease the tensions.
00:50Markets await Trump's 10.30pm address.
00:58The future war impact deepens as majority auto dealers report supply disruptions
01:03with 17% facing delays of more than three weeks, says FADA.
01:07Commercial vehicles heat the most, while passenger vehicles and two-wheelers dealers
01:12flag variant-level shortages amid geopolitical tensions.
01:33What refuses to stay Adani Enterprises' resolution plan for Jay Prakash Associates
01:37in the Vedanta case, while Vedanta seeks a key caveat that any major decision
01:42by the Monitoring Committee must require prior approval from NCLAT.
01:54India's services sector growth slows to a 14-month low now in March,
01:59with the PMI easing to 57.5, while composite PMI drops to 57.
02:03Rising input costs squeeze margins, though exports and hiring remain strong,
02:08keeping overall economic expansion in positive territory.
02:20Major milestone Amul becomes the first Indian FMCG company to cross 1 lakh crores
02:26in turnover in FY26, rising 11% on strong consumer demand,
02:30while Gujarat Cooperative Milk Marketing Federation reports 73,450 crores turnover,
02:36highlighting steady growth in India's dairy sector.
02:50Straight away on to the stock markets.
02:52What a remarkable recovery we've seen on to the D Street viewers.
02:55We started off with losses in the Indian markets today,
02:57right at the start of another fresh week.
03:00But right before the weekly expiry tomorrow,
03:03we are seeing a smart recovery take place into the markets.
03:07Look at what's happening with the Nifty Bank.
03:081100 points higher, 2% up in trade.
03:11IT stocks up by 0.6%.
03:13All of this is driving the Nifty higher.
03:15It's closing in on to the 23,000 mark as well.
03:19Look at the financial services, about 2.5% high in trade.
03:22Most of the sectors are now poised with smart gains.
03:252.5% rally, even for the PSU banks as well.
03:28A large part of the sectors are now contributing into the green,
03:31largely led by the financials and the banks itself.
03:33The broader markets also participating.
03:35The mid-cap 100 index, now at the days high.
03:381.5% high in trade.
03:40Small cap 100 index, 1.3% higher in trade.
03:43There is indeed some kind of a hope on which the markets are latching on to.
03:48And these hopes are arising from reports that are indicating that a ceasefire proposal
03:54has already been received by Iran and the US.
03:57And there could be a possibility, if this proposal is agreed upon,
04:01there could be the war ending that could be a reality.
04:04Now, if that is going to be, you know, something that the markets can latch on to for long
04:09before we get again confusing signals,
04:11it's something we will try to understand with our guests today.
04:14We have Sharmila Joshi, market expert, now joining in on the program with us.
04:17Hi, Sharmila.
04:18Warm welcome.
04:18Good to have you with us.
04:19Well, how are you reading into first, you know, these sentiments that are trickling in?
04:24Yes, there are Reuters reports that we've highlighted on our Business Today channel as well,
04:28that there is some kind of a proposal that has been shared by Islamabad Accord.
04:35And that's to give out at least three to four pronged approach to end this war.
04:40First of 45 days cessation of ceasefire.
04:43And then we are also expecting that this proposal has indicated that the Strait of Hormuz
04:49should be open for immediate effect for two to three weeks at least.
04:52And there are several other proposals that have been indicated as well.
04:55Now, most of these reports are already hinting at that, yes,
04:59there could be a chance that the war could be nearing its end.
05:02What's your thought on the markets?
05:04Yes, I think everything certainly seems to be pointing in that direction.
05:07And I think that the best thing that I really heard today is that there will be a ceasefire
05:12and talks will continue with the background because I don't think that we could have ever come to any solution
05:18with, you know, both the nations continuously firing and, you know, missiles being sent across
05:25and things like that because that doesn't really build any environment for any sort of dialogue to happen.
05:31So I think if we get a situation where you are talking of a ceasefire for X number of days
05:36and in the interim you sort of iron out whatever issues that you have,
05:41then I think it's the best sort of solution.
05:44It also means that, you know, you don't need any grand declarations of whether you won or you have lost,
05:51but everybody sees what is to their advantage and then agrees to that.
05:56So I think perhaps, you know, the market is also reflecting that,
06:01that everyone is far more hopeful having seen how things have really progressed.
06:06And as I said, you know, I think if we hear even by the end of today
06:09that we have a ceasefire event for the next number of days
06:12and talks will continue taking place in the, you know, between the nations,
06:18I think that's the best sort of solution that one can vote for at this point in time.
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