Moreover, the RBI’s repo-rate cut is not likely to impact Aptus’ cost of funds, according to Balaji.

“If you look at our total borrowings, almost 57% is linked to variable rates and 43% is linked to fixed rates, which means, for that 43%, there will be no impact on the cost of funds. For the 57% linked to variable rates, if you break that down, 30% is linked to market-related rates,” he said.

“So, a 1% reduction will impact that 30% immediately. As of today, we’ve already seen a 0.6% reduction, and the remaining 0.4% should come in anytime,” he explained.

Balaji added that the balance 27% borrowing is linked to the MCLR and it depends on the banks to pass on that benefit. In his view, that might take at least three to six months.

“On incremental borrowings, we’re already seeing a 0.4% to 0.5% reduction in borrowing costs. We are now negotiating rates around 8% to 8.25%, which is a significant benefit,” Balaji said.

“If you look at our loan book, 20% is linked to variable rates, so we may need to pass on some of the benefits in this quarter. But for the remaining 80%, which is a fixed rate, there’s no immediate pressure to pass on the benefit,” he said.

Overall, Balaji expressed strong confidence in the growth outlook for affordable housing finance, highlighting India’s low mortgage penetration compared to global standards.

The average interest rate for a 30-year, fixed-rate conforming mortgage loan in the U.S. is 6.756%, according to data available from mortgage data company Optimal Blue. That’s down approximately 1 basis point from the prior day’s report, and down approximately 2 basis points from a week ago. Read on to compare average rates for a variety of conventional and government-backed mortgage types and see whether rates have increased or decreased.

Check Out Our Daily Rates Reports

Discover the highest high-yield savings rates, up to 5% for July 22, 2025.

Discover the highest CD rates, up to 4.50% for July 22, 2025.

Discover the current mortgage rates for July 22, 2025.

Discover current refi mortgage rates report for July 22, 2025.

Discover current ARM mortgage rates report for July 22, 2025.

Discover the current price of gold for July 22, 2025.

Current mortgage rates data:

30-year conventional Current rate 6.756% One week ago 6.781% One month ago 6.650%

30-year jumbo Current rate 7.013% One week ago 6.903% One month ago 6.765%

30-year FHA Current rate 6.492% One week ago 6.425% One month ago 6.403%

30-year VA Current rate 6.301% One week ago 6.374% One month ago 6.215%

30-year USDA Current rate 6.385% One week ago 6.390% One month ago 6.384%

15-year conventional Current rate 5.997% One week ago 5.891% One month ago 5.914%

Note that Fortune reviewed Optimal Blue’s latest available data on April 28, with the numbers reflecting home loans locked in as of April 25.

What’s happening with mortgage rates in the market?

If it seems like 30-year mortgage rates have been hovering around 7% for an eternity, that’s not far off the mark. Many watching the market anticipated rates would ease when the Federal Reserve began reducing the federal funds rate last September, but that didn’t occur. There was a short-lived decline leading up to the September Fed meeting, but rates quickly rebounded afterward.

In fact, by January 2025 the average rate for a 30-year, fixed-rate mortgage exceeded 7% for the first time since last May, according to Freddie Mac statistics. That’s a significant increase from the record-low average of 2.65% observed in January 2021, when the government was still attempting to boost the economy and prevent a pandemic-induced downturn.

Barring another major crisis, experts say we won’t have mortgage rates in the 2% to 3% range again in our lifetimes. However, rates around the 6% level are entirely possible if the U.S. succeeds in controlling inflation and lenders feel optimistic about the economic outlook.

Indeed, rates saw a slight decrease at the end of February, falling closer to the 6.5% mark than had been the case in some time. They even dropped below 6.5% very briefly in early April before rising again.

Still, with uncertainty regarding how far President Donald Trump will push policies such as tariffs and deportations, some analysts worry the labor market could constrict and inflation could resurface. In this climate, U.S. homebuyers are faced with high mortgage rates—though some can still find methods to make their purchase more manageable, such as negotiating rate buydowns with a builder when buying newly constructed homes.

How to get the best mortgage rate you can

While economic conditions are beyond your control, your financial profile as an applicant also has a substantial impact on the mortgage rate you’re offered. With that in mind, aim to do the following:

Ensure your credit is in excellent condition. The minimum credit score for a conventional mortgage is generally 620 (for FHA loans, you may qualify with a score of 580 or a score as low as 500 with a 10% down payment). However, if you’re hoping to get a low rate that could potentially save you five or even six figures in interest over the life of your loan, you’ll want a score considerably higher. Consider that according to lender Blue Water Mortgage, a top-tier score is one of 740 or higher.

The minimum credit score for a conventional mortgage is generally 620 (for FHA loans, you may qualify with a score of 580 or a score as low as 500 with a 10% down payment). However, if you’re hoping to get a low rate that could potentially save you five or even six figures in interest over the life of your loan, you’ll want a score considerably higher. Consider that according to lender Blue Water Mortgage, a top-tier score is one of 740 or higher. Maintain a low debt-to-income (DTI) ratio. You can calculate your DTI by dividing your monthly debt payments by your gross monthly income, then multiplying by 100. For example, someone with a $3,000 monthly income and $750 in monthly debt payments has a 25% DTI. When applying for a mortgage, it’s typically best to have a DTI of 36% or below, though you may be approved with a DTI as high as 43%.

You can calculate your DTI by dividing your monthly debt payments by your gross monthly income, then multiplying by 100. For example, someone with a $3,000 monthly income and $750 in monthly debt payments has a 25% DTI. When applying for a mortgage, it’s typically best to have a DTI of 36% or below, though you may be approved with a DTI as high as 43%. Get prequalified with multiple lenders. Consider trying a mix of large banks, local credit unions, and online lenders and compare offers. Additionally, connecting with loan officers at several different institutions can help you evaluate what you’re looking for in a lender and which one will best meet your needs. Just ensure that when you’re comparing rates, you’re doing so in a consistent way—if one estimate involves purchasing mortgage discount points and another doesn’t, it’s important to recognize there’s an upfront cost for buying down your rate with points.

Mortgage interest rates historical chart

Some context for the discussion about high mortgage rates is that rates in the vicinity of 7% feel high because rates in the range of 2% to 3% are still a fairly recent memory. Those rates were possible due to unprecedented government action aimed at preventing recession as the country grappled with a global pandemic.

However, under more typical economic conditions, experts agree we’re unlikely to see such exceptionally low interest rates again. Historically, rates around 7% are not unusually high.

Consider this St. Louis Fed (FRED) chart tracking Freddie Mac data on the 30-year, fixed-rate mortgage average. From the 1970s through the 1990s, such rates were more or less the norm, with a significant spike in the early 1980s. In fact, September, October, and November of 1981 all saw mortgage interest rates exceeding 18%.

Of course, this historical perspective offers little consolation to homeowners who may want to move but are locked in with a once-in-a-lifetime low interest rate. Such situations are common enough in the current market that low pandemic-era rates keeping homeowners from moving when they otherwise would have become known as the “golden handcuffs.”

Factors that impact mortgage interest rates

The health of the U.S. economy is probably the biggest driver of mortgage rates. When lenders worry about inflation, they can bump up rates to protect their profits down the road.

And on a related note, the national debt is another big factor. When the government spends more than it takes in and has to borrow, that can push interest rates higher.

Demand for home loans matters too. When demand is low, lenders might drop rates to attract business. But if lots of people are seeking mortgages, lenders might raise rates to handle the extra processing work.

The Federal Reserve also plays a key role, and can influence mortgage rates by changing the federal funds rate and by buying or selling assets.

Much is made of changes to the federal funds rate. When it goes up or down, mortgage rates often follow suit. But it’s crucial to understand the Fed doesn’t set mortgage rates directly, and they don’t always move in perfect sync with the fed funds rate.

The Fed also influences mortgage rates by means of its balance sheet. During tough economic times, it can buy assets like mortgage-backed securities (MBS) to pump money into the economy.

But lately, the Fed has been shrinking its balance sheet, letting assets mature without replacing them. This tends to push mortgage rates up. So while everyone watches for cuts to the fed funds rate, what the central bank does with its balance sheet might matter even more for the mortgage rate you might get offered.

Why it’s important to compare mortgage rates

Comparing rates on different types of loans and shopping around with various lenders are both essential steps in obtaining the best mortgage for your situation.

If your credit is excellent, opting for a conventional mortgage might be the right choice for you. However, if your score is below 600, an FHA loan may provide an opportunity where a conventional loan would not.

When it comes to exploring options with different banks, credit unions, and online lenders, it can make a significant difference in your overall costs. Freddie Mac research indicates that in a market with high interest rates, homebuyers may be able to save $600 to $1,200 annually if they apply with multiple mortgage lenders.

Pleas for lower mortgage rates could be the battle cry of the decade among aspiring homeowners and those looking to refinance, and for good reason. Mortgage interest rates had decreased for five straight weeks, but according to Freddie Mac, rates have now inched up for two weeks in a row.

Current interest rates for a 30-year fixed-rate mortgage are 6.75%, an increase of three basis points since last week. The average rate for a 15-year fixed-rate mortgage is up six basis points to 5.92%. Relatively high rates could leave potential home buyers wondering, “Is this a good time to buy a house?”

If you’re waiting for rates to drop more significantly before buying a home, don’t hold your breath. Current financial and housing market data indicate little interest rate relief in the second half of 2025. If you want to buy, you need a strong financial footing, a decent-sized down payment, and a focus on lower fees to partly compensate for the higher initial mortgage rate. And remember, you can always refinance your mortgage later.

Learn more: How to buy a house in 13 steps

In this article:

Are mortgage rates dropping?

As of July 17 this year, Freddie Mac reported that rates for 30-year fixed-rate mortgages had hit 6.75%, meaning they’ve hardly changed at all since mid-July 2024. This time last year, mortgage rates were averaging 6.77%. Considering rates are still not far below 7%, we get it if you feel like you can’t catch a break in the current economy.

In situations like these, it pays to look at the numbers. Here’s the Freddie Mac data on mortgage rates for the past 52 weeks as of July 17, 2025:

30-year fixed-rate mortgage: 6.08% to 7.04%

15-year fixed-rate mortgage: 5.15% to 6.27%

If you just go by the numbers, rates on both 30-year and 15-year fixed-rate mortgages remain mostly below the highs noted above. So, yes, mortgage rates have decreased incrementally over the past year. Will they keep dipping? That remains to be seen.

So, will mortgage rates go down at all this year?

If you’re looking for a substantial interest rate drop in 2025, you’ll likely be left waiting. The latest news from the Federal Reserve and other key economic data point toward steady mortgage rates on par with what we see today.

The latest from the Federal Reserve

When the Fed — the common nickname for the Federal Open Market Committee (FOMC) — held its June 2025 meeting, it voted to keep the federal funds rate the same for the time being. After cutting its rate three times at the end of 2024, it has yet to slash the rate in 2025. However, the central bank is still predicting two rate cuts this year..

That federal funds rate tends to directly influence rates on shorter-term lending. While mortgage rates aren’t directly based on the fed funds rate, they typically mirror fed fund rate trends. So, if the fed funds rate goes up, mortgage rates will likely follow. The inverse is also true.

The next Fed meeting is set for July 29 and 30. According to the CME FedWatch tool, there’s roughly a 97% chance that the fed funds rate will remain unchanged at this meeting.

Learn more: How the Fed rate decision impacts mortgage rates

The latest on 10-year Treasury yields

While short-term lending rates closely follow the fed funds rate, mortgage rates more closely follow the 10-year Treasury yield. As of July 15, the 10-year Treasury yield sat at 4.50% — up from 4.23% a year prior.

You’re probably wondering why today’s mortgage rates aren’t in the 4% range, right?

To determine current mortgage rates, lenders add a “spread” to the 10-year Treasury yield. The spread is simply the difference between the rates consumers pay and the rate on the 10-year Treasury. Without getting too much into the weeds, charging a spread helps mortgage lenders cover costs associated with making loans to the public and the risk of providing such loans.

Now, let’s go back to mortgage rates. This week last year, the average 30-year fixed mortgage rate was 6.77%, and the 10-year Treasury yield was 4.23% — a spread of 2.54%. Today, the average 30-year fixed mortgage rate is 6.75%, and the 10-year Treasury yield is 4.50% — a spread of 2.25%. The spread was wider in July 2024 than now, and mortgage rates were a smidgen higher then.

Read more: When will mortgage rates finally go back down to 5%?

Should you wait to buy until mortgage rates go down?

In short, no. You probably shouldn’t wait to buy a home until mortgage rates drop. Mortgage rates are just one part of the affordability equation. You also have to consider home prices, a factor of housing supply and demand.

The current housing market is in a crunch. To put it simply, buyers outnumber homes for sale, especially homes in price ranges accessible to the first-time home buyer. When supply and demand are out of balance like this, home prices tend to remain high since sellers know they’ll have multiple buyers interested.

According to data from the Federal Reserve Bank of St. Louis, the median sale price of single-family homes has generally trended upward since Q1 of 2009. At that time, the median sale price was $208,400. The median price had risen to $416,900 by Q1 2025.

While recession chatter has recently increased — especially after the first negative gross domestic product (GDP) in three years — prospective buyers likely won’t see much relief in a true recession. If interest rates drop like they tend to do in recessions, that will increase the number of people looking to buy and lock in a lower interest rate. That drives up demand for the already limited supply of homes.

To truly save, buyers need both interest rates and home prices to drop, which is unlikely.

Keep reading: Do mortgage rates go down in a recession?

Strategies for buyers in today’s mortgage market

If you crave the comforts of homeownership, the best strategy in today’s market may be to buy what you can afford. Whether that means a smaller house or a condo instead of a single-family home, owning something puts you in a position to start building equity.

Yes, shopping for the best mortgage lenders with low rates and fees is crucial when getting a mortgage. But to help you find your ideal home that balances affordability and desirability, it pays to adopt a curious mindset and consider lesser-discussed financial tools.

Get curious

There’s no better time to learn more about your local real estate market than today. By adopting a sense of curiosity, you could discover that your city has more to offer housing-wise than you previously thought.

You may want to take weekend excursions to lesser-known neighborhoods and suburban developments beyond the city limits. You never know what you’ll find that could expand your idea of what “home” looks like — including new developments, school districts, and types of homes.

Learn more: This map shows average mortgage rates by state

Consider a fixer-upper

If you’re looking to spend less on a home in today’s mortgage market, a house needing a bit of TLC could help you do just that. Loans like the FHA 203(k) mortgage can roll your purchase and renovation costs into one convenient loan. When you qualify and have an accepted offer, your lender immediately funds the home’s purchase price and puts the cost of renovations into an escrow account. As you make repairs, funds get dispersed.

Rethink your commute

How would it feel to have a longer commute yet come home to a house you love? Master-planned communities tend to crop up outside major cities, offering amenities like parks, shopping, and top-notch schools — all in exchange for a longer commute. These areas could look a lot more palatable if they offer commuting options like park-and-ride or commuter rail. Dare to consider parking the car and taking public transit if it could get you into the home of your dreams.

Go condo

While shared walls, floors, and ceilings might not immediately scream “dream home,” they could help you find an affordable home in a terrific area. Condominiums come in various shapes and sizes, from apartment-style flats to townhomes. Depending on the area, you might even score a small backyard. However, be sure to consider HOA fees when calculating your monthly payment.

Consider a 15-year mortgage

While the monthly payment on a 15-year mortgage will be higher than the typical 30-year, these loans have plenty of upsides. Not only will you pay off your home on a speedier timeline, but you’ll also likely score a lower interest rate and save a ton on interest over the life of your loan.

Explore rate buydowns

To make today’s mortgage rates more palatable, look into rate buydown options. An interest rate buydown lets you pay cash up front in exchange for a reduced interest rate on your mortgage. Buydowns can be permanent or temporary (for your loan’s first one to three years, for example). Even a few years of lower rate relief can make today’s home prices more affordable.

When will mortgage rates go down? FAQs

How soon will mortgage interest rates go down?

Mortgage rates have actually been inching down for about a month, though the changes haven’t been significant. The June Fannie Mae and Mortgage Bankers Association forecasts predict that rates will continue to gradually decrease but will stay above 6% throughout 2025 and 2026.

Is 7% a high mortgage rate?

Compared to historical mortgage rates, 7% isn’t considered a high rate. While it might be high compared to pandemic-era rates that were sub-3%, it’s on par with mortgage rates in the 1990s, and considerably lower than the double-digit rates seen in the late 1970s and early 1980s.

Is it impossible to get a 3% interest rate on a mortgage?

It’s not impossible to get a 3% interest rate, but doing so requires the perfect set of circumstances. You’d need to find a homeowner with an assumable mortgage — one that can be passed to a new owner at the same interest rate as the original loan. Assumable mortgages are generally government-backed loans from agencies like the VA, FHA, or USDA.

Laura Grace Tarpley edited this article.

Key Takeaways The Michigan Consumer Sentiment Index for May is expected Friday as investors watch inflation data amid international trade tensions.

Weekend meetings between U.S. and China trade officials are scheduled to continue on Sunday.

Federal Reserve Chair Jerome Powell and other Fed officials are scheduled to deliver remarks.

Earnings reports are expected this week for Walmart, Cisco, Deere, Alibaba, and Take-Two Interactive.

Retail sales data will be released Thursday, along with consumer and small business sentiment surveys and homebuilder and manufacturing sector data during the week.

Inflation data, scheduled for Tuesday, may claim the spotlight early this week. But investors will also be evaluating the outcome of the weekend meetings between U.S. and Chinese trade officials after a quiet Friday session that left stocks down for the week.

Traders will also follow Thursday’s remarks from Fed Chair Jerome Powell as he comes under pressure from President Donald Trump over the Fed’s interest rate policy. And retail sales data will be closely watched on Thursday, the same day as retailer Walmart (WMT) reports earnings.

Earnings releases from Cisco Systems (CSCO), Alibaba Group (BABA), Deere & Co. (DE), Applied Materials (AMAT), and video game maker Take-Two Interactive (TTWO) are among the week’s other top scheduled results.

Consumer and small business sentiment surveys, along with homebuilder and manufacturing sector data, could also attract attention.

Monday, May 12

Monthly federal budget (April)

Federal Reserve Gov. Adriana Kugler is scheduled to deliver remarks

Simon Property Group (SPG), NRG Energy (NRG), Fox Corp. (FOX), and Monday.com (MNDY)

Tuesday, May 13

NFIB Small Business Optimism Index (April)

Consumer Price Index (April)

JD.com (JD), On Holding (ONON), Tencent Music Entertainment (TME), and Oklo (OKLO)

Wednesday, May 14

Federal Reserve Vice Chair Philip Jefferson, Federal Reserve Gov. Christopher Waller and San Francisco Fed President Mary Daly are scheduled to speak

and San Francisco Fed President Mary Daly are scheduled to speak Sony Group (SONY), Cisco Systems, CoreWeave (CRWV), Dynatrace (DT), and Alcon (ALC)

Thursday, May 15

Initial jobless claims (Week ending May 10)

U.S. retail sales (April)

Producer Price Index (April)

Industrial production (April)

Capacity utilization (April)

Business inventories (March)

Homebuilder confidence (May)

Federal Reserve Chair Jerome Powell and Gov. Michael Barr are scheduled to speak

are scheduled to speak Walmart, Alibaba, Deere & Co., Applied Materials, Mizuho Financial Group (MFG), Take-Two Interactive, and Cava Group (CAVA)

Friday, May 16

Import/export price index (April)

Housing starts (April)

Building permits (April)

Consumer sentiment – preliminary (May)

Richmond Fed President Tom Barkin is scheduled to speak

Inflation, Retail Sales Reports Come As Investors Watch Data Amid Tariff Developments

The weekend meetings on trade between U.S. and Chinese officials are likely to capture market watchers’ attention to start the week, with investors hopeful that trade tensions between the two nations could be easing.

Inflation will be in focus as investors get their first look at April prices with the Tuesday release of the Consumer Price Index (CPI). At last week’s Federal Reserve meeting, officials said they were looking for more improvement on inflation before moving to lower interest rates from their current levels.

Federal Reserve Chair Jerome Powell is scheduled to speak on Thursday; last week, President Trump was critical of the Fed for failing to act on interest rates. Federal Reserve Vice Chair Philip Jefferson, Federal Reserve Gov. Christopher Waller, and San Francisco Fed President Mary Daly are among the other officials expected to deliver remarks this week.

March’s CPI report indicated that inflation dropped unexpectedly to a rise of 2.4%, while other recent indicators have shown that price increases are slowing. Investors are also expecting updates on import and export prices, as well as April’s Producer Price Index, which shows inflation at the wholesale level.

Retail sales data, scheduled for Thursday, comes as consumer spending has been strong while shoppers rush to buy items before tariffs take hold. Economists are looking for signs of change in spending levels, with recent consumer sentiment surveys showing that feelings about the economy are worsening.

On Friday, the latest sentiment report is expected to offer May’s first look at how consumers feel about current and future economic conditions. The survey offers insights into spending patterns that can help support the economy. It follows several months of surveys showing declining consumer sentiment amid worries over the administration’s tariffs’ impact on prices. Tuesday’s expected small business sentiment report could further signal the economy’s direction.

The homebuilders’ confidence survey, scheduled for Thursday, and Friday’s expected housing starts data, will highlight inventory supply trends during a period in which housing scarcity is helping drive affordability problems.

Investors will also be looking at Thursday’s scheduled industrial productivity report for data on the manufacturing sector. Monday’s planned release of the monthly federal budget for April will provide an update on government debt levels.

Walmart Earnings Come as Investors Watch for Consumer Spending Trends

Walmart’s scheduled quarterly report on Thursday leads the weekly earnings calendar, as market watchers seek information on consumer spending and economic conditions amid uncertain U.S. trade policy.

The retail giant reported prior-quarter earnings per share and revenue that came in ahead of analyst expectations, but its outlook was weaker than expected as the company said it was evaluating the impact of tariffs on its business.

Cisco is expected to report on Wednesday after the network infrastructure provider posted higher revenue in the prior quarter on increased AI orders and approved a $15 billion increase to the company’s stock repurchase program. Semiconductor maker Applied Materials’ report scheduled for Thursday comes after it said in its previous quarterly earnings report in February that sales could be negatively affected by recent limitations on chip exports.

Take-Two Interactive’s Thursday earnings report will drop as the video game maker builds excitement for its latest release in the Grand Theft Auto game franchise. Deere’s report on the same day will provide a look at the agricultural sector.

Nuclear power startup Oklo’s report on Tuesday comes after it recently reported that its losses widened in 2024. Investors in the power provider include OpenAI’s Sam Altman, which has raised investor optimism that the company’s services could be used to meet energy demand for AI infrastructure projects.

Investors will also be following scheduled earnings reports from Chinese e-commerce companies Alibaba, JD.com, and Tencent Music Entertainment.

Home

Todays Market

Indian Stock Market News April 29, 2025

Sensex Today Trades Higher | Nifty Above 24,300 | PNB Housing Finance Rallies 9%

Image source: spawns/www.istockphoto.com

Asian markets are mostly higher on Tuesday, following mixed signals from Wall Street. Traders are optimistic, watching trade developments, after US Treasury Secretary potential agreements on key trade deals.

US stocks were volatile on Monday, with fluctuations throughout the day with wall street experiencing choppy trading as investors waited cautiously for the upcoming earnings reports and economic data, hesitates to make big moves.

Here’s a table showing how US stocks performed on Monday:

Stock/Index LTP Change ($) Change (%) Day High Day Low 52-Week High 52-Week Low Alphabet 162.42 -1.43 -0.87% 164.95 160.38 208.7 142.66 Apple 210.14 0.86 0.41% 211.5 207.46 260.09 169.11 Meta 549.74 2.47 0.45% 558.49 540.59 740.91 427.11 Tesla 285.88 0.93 0.33% 294.86 272.42 488.54 167.41 Netflix 1110.38 8.85 0.80% 1114 1082.62 1114 544.25 Amazon 187.7 -1.29 -0.68% 190.22 184.89 242.52 151.61 Microsoft 391.16 -0.69 -0.18% 392.74 386.64 468.35 344.79 Dow Jones 40227.6 114.09 0.28% 40414.2 39869.1 45073.6 36611.8 Nasdaq 19427.3 -5.27 -0.03% 19519.3 19162.5 22222.6 16542.2

Source: Equitymaster

At present, the BSE Sensex is trading 203 points higher and NSE Nifty is trading 62 points higher.

Tata Motors, Reliance Industries, Bharti Airtel among the top gainers today.

Sun Pharma, UltraTech Cement, Nestle on other hand are among the top losers today.

The BSE Midcap index and the BSE Smallcap index are trading 0.6% higher.

Sectoral indices are trading mixed today with stocks in healthcare sector and metal sector witnessing selling pressure. Meanwhile stocks in auto and telecommunication witnessing buying.

The rupee is trading at Rs 85.1 against the US dollar.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments…

Speaking of the stock markets, research analyst Tanushree Banerjee highlights how the global semiconductor supply chain remains highly concentrated.

While the US dominates chip design with a 64% market share, the bulk of manufacturing and assembly takes place in Asia. Over the past three decades, Taiwan, South Korea, and China have emerged as powerhouses, now controlling over 85% of the global foundry market.

Amid this backdrop, India has been steadily making progress across various segments of the chip design value chain.

So, what does this mean for India’s semiconductor stocks? Watch this video to find out.

Castrol India Reports Strong Profit Growth

Engine Oil and Lubricant producers Castrol India profit rose 8% to Rs 2.3 billion (bn) due to growing demand.

The sales revenue also increased 7.3% to Rs 14.2 bn.

Castrol is India’s engine oil seller. They focus on premium products for SUVs, which are very popular in India and also expanding into Rural areas.

India’s automobile sales grew 2% in the January-March quarter, driven by strong demand for large truck, SUVs, and scooter which performed well and contributed to over all growth during that period.

Castrol India supplies lubricants to major automakers like Maruti Suzuki, and Hero MotoCorp, partnering with the industry leaders to ensure high standards and widespread use in Indian Vehicles.

The company’s Managing Director mentioned that the successful relaunch of Castrol Activ and strong sales in rural areas drive the company’s growth this quarter.

HG Infra Bags Huge NHAI Contract

HG Infra Engineering’s subsidiary has been awarded a contract worth Rs 11.2 bn by the National Highway Authority of India (NHAI).

HG Infra subsidiary, HG Raipur Visakhapatnam received a certificate allowing the project to start commercial operations from 8 January 2025.

The projects involve building a six-lane highway in Odisha ‘s NH-130-CD road, as a part of the Raipur-Visakhapatnam Economic Corridor and would be completed in 730 days.

The infrastructure company secured a contract for a 300 MW/600MWh segment of battery energy storage project in Gujarat. This project involves installing standalone battery systems to store and supply electricity and was awarded through a competitive bidding process.

UltraTech Cement Q4 Profit Jumps Higher.

UltraTech Cement made a profit of Rs 24.8 bn in the last quarter, which is 10% more than the same period last year.

UltraTech’s revenue grew 13% to Rs 230.6 bn in the last quarter, compared to Rs 204.2 in the period last year.

This was UltraTech’s first full quarter reporting financials after acquiring India Cements and Kesoram Industries’ cement business. As a result, their cement sales volume grew 17% to 41.02 million tons.

UltraTech’s cement sales price remained low due to intense competition especially with Adani Cement, which put pressure on pricing.

UltraTech’s cement sales price was Rs 5052 per ton down 2.3% from year, but up 1.6% from the previous quarter.

The company’s expenses like logistics and fuel decreased in both the quarter and the year. The average distance to deliver cement also dropped to 384 km from 400 km last year.

Nippon Life AMC Sees Profit Decline

Nippon Life India’s Q4 profit dropped 13% to Rs 2.9 bn from Rs 3.4 bn in the same from last year.

The company’s net profit surges by 1.1% from Rs 2.9 bn.

However, the revenue increased 21% year-over-year to Rs 5.6 bn from 4.6 bn last year but dropped 3.3% from Rs 5.8 bn in the previous quarter.

Nippon Life’s board recommended a dividend of Rs 10 per share for FY25, pending shareholder approval. This brings the total dividend for the year to Rs 18 per share including the Rs 8 interim dividend already paid.

Nippon Life Asset Management offers a range of investments services, including mutual funds, portfolio management, alternative investments fund, pension funds along with investment advisory services.

To know what’s moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns,

Read the latest Market Commentary

Top Gainers Today Top Gainers over 1-Week Top Gainers over 1-Month Top Gainers over 1-Year Top Gainers over 3-Yrs Top Gainers over 5-Yrs Top Losers Today Top Losers over 1-Week Top Losers over 1-Month Top Losers over 1-Year Top Losers over 3-Yrs Top Losers over 5-Yrs Only Buyers Only Sellers Most Active Stocks Most Popular Stocks 52 Week High Stocks 52 Week Low Stocks INDICES BSE (Rs 0 to 1) BSE (Rs 1 to 2) BSE (Rs 2 to 4) BSE (Rs 4 to 10) BSE (Rs 10 to 20) BSE (Above Rs 20) BSE – All BSE-30 BSE-100 BSE-200 BSE-500 BSE Auto BSE Bankex BSE Capital Goods BSE Consumer Durables BSE FMCG BSE Healthcare BSE IT BSE Metal BSE Oil & Gas BSE PSU BSE Teck BSE Realty BSE Power BSE A Group BSE B Group BSE Mid-Cap BSE Small-Cap BSE Basic Materials BSE Consumer Discretionary BSE Industrials BSE Utilities BSE Sensex 50 BSE Sensex Next 50 BSE Bharat 22 BSE 150 MidCap BSE 250 SmallCap BSE 250 LargeMidCap BSE 400 MidSmallCap BSE AllCap BSE LargeCap BSE SmallCap Select BSE 100 LargeCap TMC BSE Infra BSE Manufacturing BSE CPSE BSE Private Bank BSE Diversified Financials BSE Momentum BSE Low Volatility BSE Quality BSE Enhanced Value BSE Divident Stability S&P BSE IPO BSE SMEIPO BSE 100 ESG BSE Carbonex BSE Greenex NSE (Rs 0 to 10) NSE (Rs 10 to 20) NSE (Above Rs 20) NSE – All NSE-50 NSE IT NSE Nifty Midcap 50 NSE JR. Nifty NSE Bank Nifty NIFTY Next 50 NIFTY 100 NIFTY 200 NIFTY 500 NIFTY MidCap 100 NIFTY SmallCap 250 NIFTY SmallCap 50 NIFTY SmallCap 100 NIFTY LargeMidCap 250 NIFTY MidSmallCap 400 NIFTY Auto NIFTY Consumer Durables NIFTY Finance NIFTY FMCG NIFTY Media NIFTY Metal NIFTY Pharma NIFTY Private Bank NIFTY PSU Bank NIFTY Realty NIFTY Oil & Gas NIFTY SME Emerge NIFTY Commodities NIFTY CPSE NIFTY Energy NIFTY India Consumption NIFTY Infra NIFTY MNC NIFTY PSE NIFTY Serv Sector NIFTY100 Liquid 15 NIFTY Midcap Liquid 15 NIFTY Midcap 150 Quality 50 NIFTY50 Equal Weight NIFTY100 Equal Weight NIFTY100 Low Volatility 30 NIFTY100 Alpha 30 NIFTY Alpha 50 NIFTY Dividend Opportunities 50 NIFTY High Beta 50 NIFTY Low Volatility 50 NIFTY200 Quality 30 NIFTY 500 Value 50 NIFTY 100 Quality 30 SECTORS Agriculture Airlines Aluminium Asset Management Companies Automobiles Auto Ancillaries Banks (Private) Banks (PSU) Banking Cement Chemicals Defence Diagnostics Drones Engineering Electric Vehicle Electric Vehicle Battery Energy Sources ESG Ethanol Fertilizers Fintech FMCG Food Green Hydrogen Hotels Infrastructure Insurance Investment and Finance InvIT IT (Large) IT (Others) Logistics Media Metal Mining India’s Big Tech Stocks Indian Pharma MNC Pharma PSU Paint Paper Plastic Power Rating Agencies Real Estate REITs Renewable Energy Retailing Semiconductor Shipping Steel Sugar Supply Chain Telecom Textiles Travel Support Services 10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers