📊 Sensex Today | Stock Market LIVE Updates – April 11, 2025
- Nifty 50 opened near 22,700, while Sensex surged 950 points after yesterday’s decline due to US tariff concerns.
- Muthoot Finance plunged 6% after the RBI released draft guidelines on gold-backed loans, triggering sharp volatility and surging trading volumes. The stock briefly hit a 10% lower circuit before partially recovering.
Key Highlights on Muthoot Finance:
- The RBI’s draft norms propose capping the Loan-to-Value (LTV) ratio at 75%, limiting loan tenures to 12 months, and placing restrictions on gold loan portfolios.
- While RBI Governor Sanjay Malhotra clarified the intent to “rationalize” norms, the market remains cautious.
Brokerage Reactions:
- Kotak Institutional Equities downgraded the stock to ‘Add’ from ‘Buy’, lowering the price target to ₹2,250 from ₹2,400 and cutting earnings estimates by 10% due to regulatory uncertainty.
- Axis Securities flagged the sharp sell-off, noting 7% intraday decline, the highest single-day volume since January 2024, and a 20% increase in open interest, indicating a heavy short build-up.
