US Tariff Refund Rollout Opens $12 Billion Opportunity for Indian Exporters
The United States has officially begun issuing refunds on previously imposed reciprocal tariffs, unlocking a massive global payout estimated at $166 billion.
World Markets.
US Market Mixed
Dow UP 88 (+0.18%)
NASDAQ Down 64 (-0.26%), S&P Down 17 (-0.24)
European Market Negative
FTSE Down 59 (-0.55%), CAC Down 94 (-1.13%),
DAX Down 284 (-1.16%)
Asian Markets Mixed
Nikkei UP 58 (+0.24%), Hang S. UP 102 (+0.39%),
Taiwan UP 700 (+1.90%), Kospi UP 125 (+2.01%), Shanghai Down 13 (-0.32%),
St.T UP 12 Points (+0.25%)
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US & Europene markets down, Asian markets UP
Brent Crude flat at 95 $ per barrel
Oil Slips ahead of US-IRAN talks
Bond Yield steady of 4.21 & Dollar Index 97.90
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“Please don’t ever trade your authenticity for approval. Let people dislike you.”
FX Hub: Drivers of Global and INR Markets:
- USDINR: Exp Range: 92.80-93.40
Banks can now undertake certain related-party transactions, including cancellation and rollover of existing contracts and deals through the back-to-back route. The revised instructions take immediate effect. The $100 million cap on net open positions in the onshore deliverable market remains in place. Rupee weakened on April 20 to close around 93.10. Markets expect the ECB to leave the rates unchanged in April.
Global Markets:
Asia-Pacific markets opened higher today amid hopes for a resolution to the Middle East conflict, even as tensions between Iran and the U.S. continue to simmer. South Korea’s Kospi advanced 1.58% while the small-cap Kosdaq added 0.90%. Japan’s Nikkei 225 gained 0.52%, while the Topix was marginally higher. Australia’s S&P/ASX 200 rose 0.20%. Hong Kong Hang Seng index futures were at 26,494, higher than the index’s last close of 26,361,07.
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Gift Nifty UP 52 (+0.21)
Dow Future UP 93
Nasdaq Future UP 79
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Dollar UP 0.08 at 98.13
Rupees Down 0.19 paisa to close at 93.12 against US$
Sector Watch
Metal, Auto, Banking, Realty, OMCS, Energy, Chemical, NBFC
Sector Avoid
Oil & Gas, Sugar, IT, Fertilizer, Oil Explo, Oil Drilling, Cement, Gold Finance
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ALL EYES ON...
Nifty-50 weekly expiry today
Primary Markets
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Today Listing
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Q-4 Results
Nestle, HCL Tech, Persistent Syst., Cyient, Tata Elxsi, 360 WAM, Tata Investment
INDIAN INDICES CLOSED ON 17-10-025
| Indices | Closing | Plus/Minus |
|---|---|---|
| Sensex | 83,952.19 | 484.53 |
| Nifty 50 | 25,709.85 | 124.55 |
| Nifty Bank | 57,713.35 | 290.80 |
| Nifty Midcap 100 | 58,902.25 | - |
| Nifty Smallcap 100 | 18,122.40 | - |
| India VIX | 11.66 | 0.80 |
Daily Level : 21-04-2026
| Stocks | Sup-1 | Sup-2 | Sup-3 | Resi-1 | Resi-2 | Resi-3 |
|---|---|---|---|---|---|---|
| NIFTY | 24297 | 24153 | 24025 | 24336 | 24480 | 24649 |
| BANKNIFTY | 56525 | 56228 | 55755 | 56584 | 57001 | 57480 |
| TRENT | 4241 | 4178 | 4112 | 4257 | 4320 | 4389 |
| JSW STEEL | 1269 | 1252 | 1234 | 1287 | 1295 | 1313 |
| SBIN | 1105 | 1097 | 1089 | 1114 | 1121 | 1130 |
| BHARTI AIRTEL | 1838 | 1814 | 1790 | 1842 | 1870 | 1894 |
Momentum Buy Call
|
Sr. |
Co. Name |
CMP |
Buy above |
SL |
Target |
Trading Session |
|---|---|---|---|---|---|---|
|
1 |
BALRAMCHINI |
516 |
520 |
501 |
532-541 |
5 to 7 |
FII Activites (Rs. in Cr. )
| Date | Day | Gross Purchase | Gross Sale | Net Purchase |
|---|---|---|---|---|
| 13-10-2025 | Monday | 8085.41 | 8325.51 | -240.10 |
| 14-10-2025 | Tuesday | 10487.86 | 12356.39 | -1508.53 |
| 15-10-2025 | Wednesday | 14013.54 | 13944.90 | 68.64 |
| 16-10-2025 | Thursday | 14739.14 | 13741.85 | 997.29 |
| 17-10-2025 | Friday | 14505.27 | 14196.29 | 308.98 |
DII Activites (Rs. in Cr. )
| Date | Day | Gross Purchase | Gross Sale | Net Purchase |
|---|---|---|---|---|
| 13-10-2025 | Monday | 14960.78 | 12627.36 | 2332.42 |
| 14-10-2025 | Tuesday | 16384.50 | 12723.37 | 3661.13 |
| 15-10-2025 | Wednesday | 16214.69 | 11564.61 | 4650.08 |
| 16-10-2025 | Thursday | 19840.85 | 15764.65 | 4076.20 |
| 17-10-2025 | Friday | 16860.39 | 15333.78 | 1526.61 |
| Stocks | CMP | Stocks | CMP |
|---|---|---|---|
| Oberoi Realty | 1694.00 | NMDC | 88.00 |
| Hind Zinc. | 590.00 | Vedanta | 771.00 |
| PNB HF. | 908.00 | Groww | 196.00 |
| Hind Copper | 556.00 | BK of Maharas | 75.00 |
| Cummins | 5200.00 | Eicher Motors | 7243.00 |
| APL Apollo | 2143.00 | Hyundai Motors | 1886.00 |
| Tube Investment | 2873.00 | TVS Motors | 3761.00 |
| JSW Steel | 1274.00 | SBI | 1107.00 |
| Canfin Home. | 870.00 |
| Stocks | CMP | Stocks | CMP |
|---|---|---|---|
| SML Mahindra | 4321.00 | Hitachi Energy | 29,700.00 |
| Mazagon Dock | 2621.00 | LG Ele. | 1594.00 |
| Tube Invest | 2873.00 | Grasim | 2760.00 |
| Polycab | 8198.00 | Shriram Fin. | 1045.00 |
| Bajaj Fin. | 917.00 | L&T Tech | 3572.00 |
| Uno Minda | 1129.00 |
| Stocks | CMP | Stocks | CMP |
|---|---|---|---|
| Gujarat Alkalies | 734.00 | Patanjali Food | 459.00 |
| AU Small | 997.00 | Anthem Bioscience | 724.00 |
| Aster DM | 679.00 | Berger Paint | 483.00 |
| Stocks | CMP | Stocks | CMP |
|---|---|---|---|
| HUL | 2231.00 | Prestige Estate | 1373.00 |
| Apollo Hosp. | 7657.00 | L&T Tech | 3572.00 |
| Waaree Energy | 3480.00 | Aurobindo | 1370.00 |
| Navin Flourine | 6471.00 |
| Stocks | CMP | SL | Target | Holding period |
|---|---|---|---|---|
| Bank of Maharashtra | 75 | 68 | 92 | 3 to 4 weeks |
| PNB Housing Fin. | 908 | 895 | 938 | 3 to 4 weeks |
| Stocks | CMP | Stocks | CMP |
|---|---|---|---|
| Balrampur Chini | 515.00 | Nelco | 673.00 |
| HPCL | 379.00 | FACT. | 891.00 |
| Five Star | 471.00 | HFCL | 93.00 |
| HOEC | 152.00 | Pidilite | 1390.00 |
| Ramco Cement | 1010.00 | JB Chem. | 2191.00 |
| Tech Mahindra | 1504.00 |
| Stocks | CMP | Stocks | CMP |
|---|---|---|---|
| NTPC | 392.00 | City Union BK | 265.00 |
| Park Hotels | 120.00 | BOB | 281.00 |
| HUDCO | 199.00 | Muthoot Micro | 172.00 |
| Bajaj HF | 89.00 | CESC | 179.00 |
| BK of Maharashtra | 75.00 |
| Issue Name |
Open Date & Close Date |
Issue Size | Price |
Market Lot (Minimum Application) |
Listing | Lead Manager |
Rating (Out of 50%) & Recommendation |
|---|---|---|---|---|---|---|---|
| - |
- |
- |
- |
- |
- |
- |
- |
| Issue Namek |
Open Date & Close Date |
Issue Size | Price |
Market Lot (Minimum Application) |
Listing |
Lead Manager |
Rating (Out of 50%) & Recommendation |
|---|---|---|---|---|---|---|---|
| Jayesh Logistics |
27-10-2025 to 29-10-2025 |
23,47,200 Shares Rs 28.64 Cr |
116 to 122 FV Rs 10 |
2000 Shares Rs 2,44,000 |
NSE Emerge |
Indcap Advisors |
- |
| Shreeji Global FMCG |
4-11-2025 to 7-11-2025 |
68,00,000 Shares Rs 85.00 Cr |
120 to 125 FV Rs 10 |
2000 Shares Rs 2,50,000 |
NSE Emerge |
Interactive Financial |
| Issue Name |
Open Date & Close Date |
Issue Size | Price |
Market Lot (Minimum Application) |
Listing |
Lead Manager |
Rating (Out of 50%) & Recommendation |
|---|---|---|---|---|---|---|---|
| - | -- |
- |
- |
- |
- | - |
- |
Main Line IPOs
Grey Market Premium |
||||||||
|---|---|---|---|---|---|---|---|---|
|
Sr. No. |
Min. Lot Size (Shares) |
Offer Price | Premium |
Kostak Price (Minimum Appl.) |
Subject to Sauda |
|||
| 1 | Midwest (Listing on 24th Oct.) | Main Board | 14 | 1014 to 1065 | 173 to 175 | -- | 1,900 | |
| Small HNI / Big HNI | 26,500 | |||||||
Grey Market Premium |
||||||
|---|---|---|---|---|---|---|
|
Min. Lot Size (Shares) |
Offer Price | Premium |
Subject to Sauda as per Premium (For 1 Lot)- |
|||
| Jayesh Logistics | NSE Emerge | 2000 | 116 to 122 | -- | ||
| Shreeji Global FMCG | NSE Emerge | 2000 | 120 to 125 | -- | ||
Subscription Figure of Midwest
|
Investor Category |
Shares Offered |
1st Day Subscribed 15-10-2025 |
2nd Day Subscribed 16-10-2025 |
3rd Day Subscribed 17-10-2025 |
|---|---|---|---|---|
|
QIB |
21,12,184 |
0.52x | 1.93x | 146.99 |
| NII | 6,33,655 | 4.39x | 34.89x | 176.57 |
| Retail | 14,78,529 | 1.69x | 8.63x | 25.52 |
| EMP | 10,373 | 2.69x | 9.64x | 25.80 |
| Total | 55,02,346 | 1.94x | 12.34x | 92.36 |
Subscription Figure of SME IPO
|
IPO |
SME |
Day |
Overall Subscribed |
|---|---|---|---|
| Jayesh Logistics | NSE Emerge | Issue Opens on 27th October | -- |
| Shreeji Global FMCG | NSE Emerge | Issue Opens on 4th November |
Important Date of Current Main Line Issue
| IPOs Name | IPO |
Closes Date |
Basis of Allotment |
Refund / Unblock Amount |
Credit of Shares To Demat |
Listing Date |
|
|---|---|---|---|---|---|---|---|
| Midwest Ltd | Main Board | 17-10-2025 | 20-10-2025 | 23-10-2025 | 23-10-2025 | 24-10-2025 | |
Important Date of Current SME Issue
| IPOs Name | IPO |
Closes Date |
Basis of Allotment Tentative |
Refund / Unblock Amount |
Credit of Shares To Demat |
Listing Date |
|
|---|---|---|---|---|---|---|---|
| Jayesh Logistics | NSE Emerge | 29-10-2025 | 30-10-2025 | 31-10-2025 | 31-10-2025 | 3-11-2025 | |
| Shreeji Global FMCG | NSE Emerge | 7-11-2025 | 10-11-2025 | 11-11-2025 | 11-11-2025 | 12-11-2025 | |
| IPO | SME / Main Line |
Listing Date |
Code | Offer Price |
Listing Price |
Listing Day High |
Listing Day Low |
Listing Day Close |
|
|---|---|---|---|---|---|---|---|---|---|
| Midwest Ltd. | Main Board | 24-10-2025 | 1014 to 1065 | ||||||
| Jayesh Logistics | NSE Emerge | 3-11-2025 | 116 to 122 | ||||||
| Shreeji Global FMCG | NSE Emerge | 12-11-2025 | 120 to 125 | ||||||
The United States has officially begun issuing refunds on previously imposed reciprocal tariffs, unlocking a massive global payout estimated at $166 billion.
Nestlé India shares surged to a fresh 52-week high after the company delivered an impressive set of Q4FY26 results, highlighting strong consumer demand and execution strength.
The fragile ceasefire between the United States and Iran is expected to continue beyond its initial deadline, signaling cautious optimism for de-escalation after weeks of heightened conflict.
| Opning Date | 17-04-2026 | |
|---|---|---|
| Closing Date | 21-04-2026 | |
| Face Value | ||
| Lot Size |
| Opning Date | 10-04-2026 | |
|---|---|---|
| Closing Date | 16-04-2026 | |
| Face Value | ||
| Lot Size |
| Opning Date | 09-04-2026 | |
|---|---|---|
| Closing Date | 13-04-2026 | |
| Face Value | ₹10 per share | |
| Lot Size | 85 Shares |
| Opning Date | 24-03-2026 | |
|---|---|---|
| Closing Date | 27-03-2026 | |
| Face Value | ₹10 per share | |
| Lot Size | 70 Shares |
| Opning Date | 24-03-2026 | |
|---|---|---|
| Closing Date | 27-03-2026 | |
| Face Value | ₹5 per share | |
| Lot Size | 37 Shares |
| Opning Date | 23-04-2026 | |
|---|---|---|
| Closing Date | 27-04-2026 | |
| Face Value | ₹10 per share | |
| Lot Size | 800 Shares |
| Opning Date | 23-04-2026 | |
|---|---|---|
| Closing Date | 27-04-2026 | |
| Face Value | ₹1 per share | |
| Lot Size | 6,000 Shares |
| Opning Date | 17-04-2026 | |
|---|---|---|
| Closing Date | 21-04-2026 | |
| Face Value | ₹10 per share | |
| Lot Size | 1,200 Shares |
| Opning Date | 06-04-2026 | |
|---|---|---|
| Closing Date | 08-04-2026 | |
| Face Value | ₹10 per share | |
| Lot Size | 1,600 Shares |
| Opning Date | 27-03-2026 | |
|---|---|---|
| Closing Date | 08-04-2026 | |
| Face Value | ₹10 per share | |
| Lot Size | 1,200 Shares |
| Opning Date | 27-05-2024 | |
|---|---|---|
| Closing Date | 10-05-2024 | |
| Face Value | 10 per share | |
| Lot Size | N/A |
| Opning Date | 27-05-2024 | |
|---|---|---|
| Closing Date | 09-05-2024 | |
| Face Value | 1 per share | |
| Lot Size | N/A |
| Opning Date | 26-05-2024 | |
|---|---|---|
| Closing Date | 24-05-2024 | |
| Face Value | 1 per share | |
| Lot Size | N/A |
| Opning Date | 23-05-2024 | |
|---|---|---|
| Closing Date | 10-05-2024 | |
| Face Value | 1 per share | |
| Lot Size | 108,450,000 |
| Opning Date | 20-05-2024 | |
|---|---|---|
| Closing Date | 30-05-2024 | |
| Face Value | 2 PER SHARE | |
| Lot Size | 87,613,721 |
| Opning Date | 02-03-2026 | |
|---|---|---|
| Closing Date | 16-03-2026 | |
| Face Value | ||
| Lot Size | 1 NCD |
| Opning Date | 26-02-2026 | |
|---|---|---|
| Closing Date | 12-03-2026 | |
| Face Value | ₹1000 each NCD | |
| Lot Size | 1 NCD |
| Opning Date | 25-02-2026 | |
|---|---|---|
| Closing Date | 02-03-2026 | |
| Face Value | ₹1000 each NCD | |
| Lot Size | 1 NCD |
| Opning Date | 17-02-2026 | |
|---|---|---|
| Closing Date | 04-03-2026 | |
| Face Value | ₹1000 each NCD | |
| Lot Size | 1 NCD |
| Opning Date | 30-06-2024 | |
|---|---|---|
| Closing Date | 01-02-2024 | |
| Face Value | ||
| Lot Size | 1 NCD |
| Opning Date | 21-07-2024 | |
|---|---|---|
| Closing Date | 23-07-2024 | |
| Face Value | 2 | |
| Lot Size | 600 Shares |
| Opning Date | 17-04-2024 | |
|---|---|---|
| Closing Date | 21-04-2024 | |
| Face Value | ₹10 per share | |
| Lot Size | 1298 Shares |
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