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The stock opened at ₹328 apiece on NSE, logging a 2.2% premium over the issue price. On BSE, the stock opened at ₹326.05, up 1.6%. It ended the circumspect trading session at ₹302.50, down 5.8% below the IPO price of ₹321 apiece.

​​The IPO of Laxmi India Finance will be a combination of fresh issue of 1.04 crore shares and an offer for sale of 56 lakh shares. Jajoo Rashmi Refractories’ issue will raise Rs 150 crore from a fresh issue of shares.

The Indian stock market is currently experiencing consolidation. This is due to ongoing geopolitical tensions. Several companies are in the spotlight. These include Coal India, Dabur, and Paytm. They are announcing their Q4 results. BSE reported a significant profit increase. Prestige Estates saw strong sales for its Indirapuram project. Piramal Enterprises reported a net loss for the quarter.

Net interest income-difference between interest paid to depositors and interest earned on loans-fell nearly 7% YoY to ₹11,020 crore in the fourth quarter. NII climbed 2% for the full financial year, while NIM moderated to 3.02% from 3.18% a year ago. However, non-interest income, which includes treasury gains, surged 24% in the March quarter to ₹5,210 crore, boosting the bank s bottom line.

Trump said he and top administration officials will review potential trade deals over the next two weeks to decide which ones to accept.

U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China s top economic official in Switzerland this week, U.S. officials said, in what could be the first step toward resolving a trade war disrupting the global economy.

Brent crude futures gained 37 cents a barrel, or 0.6%, to $62.52 a barrel by 1215 GMT, while U.S. West Texas Intermediate crude was at $59.53 a barrel, up 44 cents, or 0.74%.

Coal India is expected to post a stable performance in the March 2025 quarter, with flat revenue and modest growth in profitability aided by improved e-auction realisations and cost discipline. The company’s net profit is expected to grow by an average of 4% YoY, while revenue is likely to remain largely unchanged compared to the year-ago quarter.

Indian equity markets anticipate a nervous opening. This follows the Indian Armed Forces precision strikes on terror infrastructure in Pakistan and PoK under Operation Sindoor. The government calls the operation focused and non-escalatory. GIFT Nifty indicates a mildly negative start. The Ministry of Defence will provide a detailed briefing on Operation Sindoor.