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Wall Street experienced a slight increase on Tuesday, buoyed by potential tariff relief in the auto sector. However, proposed tariffs on pharmaceuticals and semiconductors tempered enthusiasm. Financial stocks led the gains, driven by strong performances from Bank of America and Citigroup, despite ongoing market sensitivity to trade policy developments and corporate caution.

Aegis Vopak Terminals and Seshaasai Technologies have received Sebi s go-ahead to raise funds through initial public offerings (IPOs), an update with the regulator showed on Tuesday.

An external agency has reported discrepancies in IndusInd Bank s derivatives portfolio estimating a negative impact of Rs 1,979 crore as of June 30, 2024. It has also projected a 2.27% post-tax reduction in its net worth for December 2024 due to these irregularities.

Sebi’s interim order reveals Gensol promoter Anmol Singh Jaggi diverted Rs 97 crore—sourced from company loans and funds—towards buying a luxury apartment in DLF s The Camellias via layered transactions through a car dealer and linked entities.

Sebi has put Gensol Engineering s 1:10 stock split on hold, citing financial irregularities and misuse of EV loan funds by promoters, including diversion for personal luxuries like real estate.

Antique Stock Broking on Tuesday settled with Sebi in a case pertaining to the suspected front-running of trades by paying Rs 29.25 lakh towards settlement charges.

ICICI Lombard s net profit witnessed a slight dip of 2% to ₹510 crore in the fourth quarter ending March 31, compared to ₹520 crore in the previous year. Despite this, the company s total income increased to ₹5,851 crore from ₹5,165 crore year-on-year. Gross direct premium income also saw a rise, reaching ₹6,211 crore.

The Nifty Auto index ended 3.4% higher on Tuesday, against benchmark Nifty s gains of 2.2%. Samvardhana Motherson International was the top performer on the index, up 8%, followed by Balkrishna Industries, Bharat Forge and Tata Motors, which gained 4.5-7% each.