Nikkei jumps as ceasefire boosts sentiment and tech stocks rally

by Hansraj Agrawal | Apr 10, 2026 | Share Market

Last Updated : Apr 10 2026 | 4:31 PM IST

Japans Nikkei 225 rose 1.84% on Friday, capping a strong weekly gain of 7.15%, as improved global sentiment followed a temporary US-Iran ceasefire.

Investor confidence was supported by expectations of upcoming diplomatic talks in Islamabad, where US Vice President JD Vance is set to meet Iranian officials. However, caution remains due to ongoing tensions in the Middle East, including Israeli strikes in Lebanon and disruptions in the Strait of Hormuz.

Technology stocks led the rally, tracking global gains in the sector after CoreWeave secured a major $21 billion deal with Meta Platforms to provide computing capacity.

In Japan, companies such as Kioxia Holdings, Fujikura, and Lasertec posted strong gains. Fast Retailing also surged after raising its profit outlook, driven by strong demand from the US and Europe.

Overall, the market was lifted by optimism around easing geopolitical risks and continued strength in global technology stocks.

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 10 2026 | 4:31 PM IST

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China stocks rise on easing tensions and strong tech gains

by Hansraj Agrawal | Apr 10, 2026 | Share Market

Chinese stock markets moved higher on Friday, supported by cautious optimism over upcoming US-Iran talks. The Shanghai Composite rose 0.51%, while the Shenzhen Component jumped 2.24%, led by strong gains in technology shares.

Investor sentiment improved after reports that Iran had begun diplomatic engagement with the US, raising hopes of easing geopolitical tensions.

At home, inflation remained low, with consumer prices rising just 1% in March. However, producer prices increased for the first time since late 2022, driven by higher global energy costs linked to the Middle East situation. While Chinas reserves have helped manage these pressures, there are early signs that higher costs are reaching consumers, as fuel prices were raised again.

Among top performers, Contemporary Amperex Technology, Zhongji Innolight, and Luxshare Precision Industry saw notable gains.

For the week, both indices posted strong growth, with the Shanghai market up 2.74% and Shenzhen surging 7.16%.

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Barometers ends with significant gains; auto shares outperforms

by Hansraj Agrawal | Apr 10, 2026 | Share Market

The headline equity benchmarks ended with strong gains on Friday, tracking positive global cues. Sentiment was buoyed by optimism surrounding a potential US-Iran ceasefire, which improved overall risk appetite.

Despite the upbeat close, investors remained watchful, tracking corporate business updates and positioning ahead of the upcoming quarterly earnings season, which is expected to provide clearer direction on market valuations and growth trends.

The Nifty settles near the 24,050 mark. Barring the Nifty IT index, all other sectoral indices on the NSE ended in the green, with auto, realty, and financial services stocks witnessing the most gains.

As per provisional closing data, the barometer index, the S&P BSE Sensex jumped 918.60 points or 1.20% to 77,550.25. The Nifty 50 index gained 275.50 points or 1.16% to 24,050.60.

The broader market outperformed the key equity indices. The BSE 150 MidCap index surged 1.71% and the BSE 250 SmallCap index rose 1.60%.

The market breadth was strong. On the BSE, 3,362 shares rose and 943 shares fell. A total of 151 shares were unchanged.

The NSE’s India VIX, a gauge of the market’s expectation of volatility over the near term, tumbled 7.72% to 18.85.

IPO Update:

The initial public offer (IPO) of Om Power Transmission received bids for 33,09,645 shares as against 60,02,730 shares on offer, according to stock exchange data at 15:30 IST on Friday (10 April 2026). The issue was subscribed 0.55 times.

The issue opened for bidding on 09 April 2026 and will now close on 13 Apri 2026. The price band of the IPO is fixed between Rs 166 and 175 per share.

Buzzing Index:

The Nifty Auto index jumped 2.85% to 26,640.90. The index declined 0.39% in the past trading session.

Sona BLW Precision Forgings (up 6.11%), Ashok Leyland (up 4.64%), Samvardhana Motherson International (up 4.54%), Exide Industries (up 4.19%), Eicher Motors (up 3.94%), Bharat Forge (up 3.43%), Hero MotoCorp (up 3.36%), Mahindra & Mahindra (up 3.1%), Bajaj Auto (up 3.08%) and TVS Motor Company (up 3.07%) advanced.

Stocks in Spotlight:

Wipro rose 1.11% after the company announced that its board is scheduled to meet on 15-16 April 2026, to consider a proposal for the buyback of equity shares. In addition, the IT major is also scheduled to announce its financial results for the fourth quarter ended March 2026 on 16 April 2026.

Power Mech Projects surged 9% after the comapny has secured an operations & maintenance (O&M) contract from Maha Mumbai Metro Operation Corporation (MMMOCL) for the Mumbai Monorail. The contract covers O&M of the 19.54-km route and 17 stations between Sant Gadge Maharaj Chowk and Chembur in Mumbai for a period of five years. The order is valued at Rs 296 crore.

Container Corporation of India (Concor) added 0.35%. The company announced that its total throughput jumped 5.98% to 14,28,102 twenty-foot equivalent units (TEUs) in Q4 FY26 compared with 13,47,495 TEUs in Q4 FY25.

Maiden Forgings rose 0.61%. The company reported production volume of 35,546 MT for FY 202526, which is an increase of 11.5% as compared with the volume of 31,879 MT recorded in the previous year.

Godrej Properties added 1.19% after the company reported 16% increase in booking value to Rs 34,171 crore in FY26 from Rs 29,444 crore in FY25. In Q4 FY26, however, the companys booking value remained flat at Rs 10,163 crore as compared with the same period last year.

Prestige Estates Projects added 0.30%. The company announced its entry into a premium residential project in Mumbai through a joint venture with ABIL Group. The development will be undertaken via Aaramnagar Realty LLP, which holds development rights for a land parcel in Versova. The project spans around 6 acres and has a total development potential of approximately 1.7 million square feet (RERA area), with an estimated gross development value of over Rs 9,000 crore.

NHPC gained 0.05%. The company announced that its board will meet on Tuesday, 14th April 2026, to consider a proposal for monetizing future cash flows from its power stations.

IRB Infrastructure Developers rallied 3.93% after the company, along with its two sponsored InvITs, reported a 20.74% jump in toll revenue to Rs 783 crore in March 2026, compared with Rs 649 crore in March 2025.

Park Medi World surged 3.77% after the company announced the launch of its multi-super specialty hospital in Panchkula on 10 April 2026, marking a key expansion in North India.

Dev Information Technology (Dev IT) jumped 4.84% after the company announced that it has secured a Rs 26 crore order from National Informatics Centre Services Incorporated (NICSI).

Ajmera Realty & Infra India shed 0.11%. The companys sales value jumped 8% to Rs 270 crore in Q4 FY26, compared with Rs 250 crore in Q4 FY25.

Container Corporation of India (Concor) added 0.49%. The company announced that its total throughput jumped 5.98% to 14,28,102 twenty-foot equivalent units (TEUs) in Q4 FY26 compared with 13,47,495 TEUs in Q4 FY25.

VA Tech Wabag advanced 2.54% after it has executed a shareholders agreement (SHA) with Peak Sustainability Venture Fund I, Peak Sustainability Partners LLP, and Ghaziabad Bioenergy for setting up a special purpose vehicle (SPV).

RailTel Corporation of India added 1.35% after it has received a work order from the Goa Building and Other Construction Workers Welfare Board for the development of an exclusive online portal. The company added that the order, valued at Rs 23.18 crore, is to be executed by 8 June 2026.

Poonawalla Fincorp shed 0.31%. The company stated that its board has approved the opening of the issue of qualified institutional placement (QIP) of equity shares with the floor price of Rs 390.26 per equity share.

Global Markets:

European and Asian market advanced on Friday, though a fragile two-week ceasefire between the U.S. and Iran keeps investors on tenterhooks with oil prices resuming gains.

The Middle East conflict, which has been going on for more than a month, led to the closure of the Strait of Hormuz, and traffic continues to largely be restricted via the crucial energy waterway despite the ceasefire.

Tehran had said it would reopen the strait as long as all attacks on the country were halted, according to a statement from its foreign minister. Media reports said that Israel had also agreed to the ceasefire. That followed U.S. President Donald Trump pausing attacks on Iran on Tuesday.

Meanwhile, in China, factory-gate prices rose for the first time in more than three years, while the consumer price index climbed 1% in March from a year earlier.

Overnight on Wall Street, oil prices came off their highs of the day while the S&P 500 traded into the green.

The S&P 500 ended the session at 6,824.66, adding 0.62%, while the Nasdaq Composite gained 0.83% to 22,822.42. The Dow Jones Industrial Average rose 275.88 points, or 0.58%, and settled at 48,185.80. The 30-stock index turned positive for the year, up 0.25%.

Core PCE inflation increased 3% year-on-year in February, while headline inflation came in at 2.8%, according to Commerce Department data.

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Kesoram Industries Ltd leads losers in 'A' group

by Hansraj Agrawal | Apr 10, 2026 | Share Market

Coal India Ltd, Sun Pharmaceutical Industries Ltd, Cigniti Technologies Ltd and Coforge Ltd are among the other losers in the BSE’s ‘A’ group today, 10 April 2026.

Kesoram Industries Ltd crashed 4.95% to Rs 10.38 at 14:44 IST.The stock was the biggest loser in the BSE’s ‘A’ group.On the BSE, 3.63 lakh shares were traded on the counter so far as against the average daily volumes of 2.33 lakh shares in the past one month.

Coal India Ltd lost 4.66% to Rs 433.05. The stock was the second biggest loser in ‘A’ group.On the BSE, 11.98 lakh shares were traded on the counter so far as against the average daily volumes of 5.97 lakh shares in the past one month.

Sun Pharmaceutical Industries Ltd tumbled 3.88% to Rs 1650.7. The stock was the third biggest loser in ‘A’ group.On the BSE, 3.19 lakh shares were traded on the counter so far as against the average daily volumes of 1.15 lakh shares in the past one month.

Cigniti Technologies Ltd slipped 3.35% to Rs 1208.95. The stock was the fourth biggest loser in ‘A’ group.On the BSE, 1942 shares were traded on the counter so far as against the average daily volumes of 20703 shares in the past one month.

Coforge Ltd pared 3.19% to Rs 1223.95. The stock was the fifth biggest loser in ‘A’ group.On the BSE, 1.76 lakh shares were traded on the counter so far as against the average daily volumes of 2.79 lakh shares in the past one month.

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Aditya Birla Real Estate jumps 7% on NCD redemption; Emkay sees 27% upside

by Hansraj Agrawal | Apr 10, 2026 | Share Market

Shares of Aditya Birla Group’s real estate arm, Aditya Birla Real Estate, were ruling higher on the bourses in the week’s last trading session and climbed as much as 6.91 per cent to hit an intraday high of ₹1,378.5 per share on the NSE.

The northward movement in the company’s share price came on the back of its announcement to exercise a call option to redeem non-convertible debentures (NCDs) worth ₹250 crore before maturity. Sentiment was further supported by a bullish call from global brokerage firm Emkay Global, which has reinitiated coverage on the realty player.

Though the counter pared some gains, it continued to see solid demand from buyers. At 02:05 PM on Friday, the stock was trading higher, even as the benchmark Nifty50 was in the green.

Notably, the real estate player informed exchanges that it will redeem 25,000 debentures, each with a face value of ₹1 lakh, along with accrued interest and applicable premium. The early redemption is scheduled for May 4, 2026, and the company has issued a notice to the trustee and debenture holders. It has also fixed May 4 as the record date to determine eligible debenture holders for the payout.

Emkay says Buy for 27% upside

Brokerage firm Emkay Global has reinitiated coverage on Aditya Birla Real Estate with a ‘Buy’ rating. Given the company’s strong cash flow visibility, execution capabilities, and corporate governance, the brokerage believes the stock is likely to trade at a premium to its net asset value (NAV).

The brokerage has set a target price of ₹1,750, based on 6x EV/embedded Ebitda, implying a premium to NAV. The target price suggests an upside potential of around 27 per cent from the current market price.

“ABREL has demonstrated its ability to sell, with cumulative sales bookings of ₹17,800 crore since the launch of its first residential project in Kalyan in Q1FY20. Pre-sales grew from ₹460 crore in FY20 to ₹8,090 crore in FY25 — a robust CAGR of 77 per cent — with 78 per cent of current projects already sold out. ABREL posted pre-sales of ₹3,850 crore in 9MFY26,” said the brokerage.

On the back of strong launches (GDV of ₹6,200 crore) and healthy demand in Q4FY26, Emkay expects the company’s FY26 pre-sales to cross ₹8,400 crore (vs ₹8,090 crore in FY25). However, business development has remained muted, with only one deal (GDV of ₹1,700 crore) announced compared with guidance of ₹15,000 crore for FY26.

The brokerage expects business development to pick up going forward, with several large projects across markets in the pipeline. It has projected FY26/FY27/FY28 pre-sales at ₹8,400 crore/₹8,400 crore/₹11,800 crore, respectively.

Emkay assumes pre-sales of ₹11,800 crore in FY28, a conservative Ebitda margin of 25 per cent, and a 6x embedded Ebitda multiple. It added that key monitorables include business development and the launch of Niyaara Phase-3.
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(Disclaimer: View and outlook shared belong to the respective brokerages/analysts and are not endorsed by Business Standard. Readers’ discretion is advised.)

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Eicher Motors jumps 3% as Royal Enfield launches Flying Flea C6

by Hansraj Agrawal | Apr 10, 2026 | Share Market

Eicher Motors shares rose 3.4 per cent in trade on BSE, logging an intra-day high at ₹7,393.95 per share. At 12:40 PM, Eicher Motors’ share price was trading 3.38 per cent higher at ₹7,386.15 per share. In comparison, the BSE Sensex was up 1 per cent at 77,395.87.

The buying on the counter came after Royal Enfield, a division of Eicher Motors launched the Flying Flea C6, its first electric motorcycle, priced at ₹2.79 lakh (ex-showroom) or ₹1.99 lakh under the Battery-as-a-Service option. Bookings and test rides opened at 12 PM on April 10 at the first Flying Flea store in Jayanagar, Bengaluru, with deliveries set to begin at the end of May 2026.

The launch marks Royal Enfield’s entry into electric motorcycling in its 125th year, under a new sub-brand — Flying Flea — positioned as a city+ electric mobility brand. The FF.C6 rollout will follow a phased, city-by-city approach, according to the filing.

Specifications

The FF.C6 is powered by a 3.91 kWh battery and offers a top speed of 115 km/h, over 400 Nm of wheel torque, and weighs 124 kg. Safety features include lean-angle sensing ABS, traction control, tip-over alert, and live location sharing. The motorcycle supports WiFi, Bluetooth, and 4G connectivity with remote monitoring, and offers Rapid, Standard, and Trickle charging options — charging at approximately 1 per cent per minute. It is available in Storm Black and Flea Green colourways.

The motorcycle has been developed entirely in-house at the Flying Flea Tech Centre by a team of over 200 engineers across India and the UK, backed by 45+ patent applications. The FF.C6 won the Red Dot Award under the Design Concept category in 2025.

“We are excited to introduce the Flying Flea C6, marking our first step into electric motorcycling in our 125th year. With Flying Flea, we are carrying this philosophy into the electric era — this is not just about going electric, it is about creating a new category of urban mobility rooted in experience, not just specifications or numbers,” said B. Govindarajan, managing director, Eicher Motors and chief executive officer, Royal Enfield.

He added that the company has a strong pipeline of electric two-wheelers that will continue to build on its vision over time.

Brokerages’ view on Eicher Motors

Nomura maintained ‘Neutral’ with a target of ₹7,827 per share. The brokerage noted that the Flying Flea C6 showcases Royal Enfield’s advancing EV capabilities — including an integrated motor controller and all-aluminium frame — but flagged that the real-world range of approximately 100 km makes it viable for city commuting only. The brokerage added that the vehicle is lightweight and easy to manoeuvre, aligning well with urban riding needs, but is unlikely to appeal to existing Royal Enfield customers, with early adopters being the more likely target segment.

Nomura believes the product needs to evolve further on battery size, charging, and comfort before it can attract mainstream motorcycle customers. On volumes, the brokerage estimates 500-1,000 units per month for the C6, with gross margins likely to be positive, though Earnings before interest, tax, depreciation and amortisation (Ebitda) visibility on the model remains uncertain. It noted that potential eligibility under the PLI scheme could provide incremental margin support, and that the launch represents a step towards EV penetration in the motorcycle segment, which could aid compliance with future Corporate Average Fuel Efficiency (CAFE) norms for two-wheelers.

For Royal Enfield overall, Nomura estimates volumes of 1.3 million, 1.4 million, and 1.7 million units for FY26, FY27, and FY28 respectively, with Ebitda margins of 24.7 per cent, 25.3 per cent, and 26 per cent over the same period.
ICICI Securities highlighted that from a strategic perspective, the Flying Flea C6 signals Royal Enfield’s cautious but meaningful pivot into electric mobility, focusing on urban use rather than high-performance segments dominated by startups and global electric vehicle (EV) players; by blending retro design cues with modern connectivity and offering flexible pricing via BaaS.
In comparison to its competitors, which are built around higher performance and practicality, offering larger battery options (up to 9.1 kWh), significantly longer claimed ranges of up to ~250–500 km, and stronger power outputs around 11–13 kW with top speeds of 120–125 km/h, along with aggressive pricing starting near ₹1–1.5 lakh, flying flea is more design- and experience-led, with a smaller 3.91 kWh battery focusing on lightweight urban riding, heritage styling.
Disclaimer: The views and investment tips expressed by the analysts in this article are their own and not those of the website or its management. Business Standard advises users to check with certified experts before taking any investment decisions.

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