Kashmir Attack Shakes Markets

• After a seven‑session, 8 percent surge, the Sensex and Nifty 50 slipped modestly on Thursday, April 24, as investors locked in gains amid weak global cues.

• With the market appearing overbought and short of fresh catalysts, traders took profits while monitoring lingering worries about potential tariff measures from U.S. President Donald Trump.

• Sentiment was further dampened by heightened geopolitical tension: a militant attack on tourists in Kashmir prompted India to scale back diplomatic ties with Pakistan, and Prime Minister Narendra Modi vowed to pursue the perpetrators “to the ends of the earth.”

Divi’s Laboratories +5.06%

• Divi’s Laboratories gained more than 5 percent after Citi reiterated its ‘Buy’ rating and projected up to 19 percent upside, extending the stock’s four‑session advance to nearly 11 percent.

Hindustan Unilever (4.12%)

• Hindustan Unilever shares fell more than 4 percent on Thursday, even after management signalled plans to step up investments in the coming quarters.

• Although the company expressed confidence in a consumption recovery supported by tax rebates and easing inflation, investors stayed cautious amid immediate concerns over volume growth and margin pressures.

• RBI’s liquidity injection offers only modest relief amid global uncertainty. (ET)

• India may become the first nation to sign a trade deal with Washington. (ET)

• India's forex, interest rate traders turn cautious after Kashmir attack. (RT)

• Prestige Hospitality Ventures files draft papers for a ₹2,700 crore ($315Mn) IPO. (ET)

There are no mainboard IPOs this week.

M&A / Investments

• PB Fintech invests ₹539 crore ($62Mn) in its healthcare vertical. (YS)

• Devyani to buy an 80.72% stake in Sky Gate Hospitality for ₹419.6 crore ($48Mn). (BS)

Debt

• NaBFID plans to raise ₹17,128 crore ($2Bn)overseas in FY25 through a mix of loans and bonds. (BS)

• NTPC Green Energy plans to raise up to ₹5,000 crore ($583Mn) via bonds. (FE)

• Captain Fresh to secure debt from Trifecta Capital. (EN)

VC/Funds

• PixelSky Capital launches a ₹400 crore ($46.7Mn) investment vehicle. (YS)

• Blue Ocean Games launches a ₹256 crore ($30Mn) fund for indie developers, targeting untapped Indian talent. (YS)