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Latest Share Market News, Sensex, Nifty, BSE, NSE Today | The HinduBusinessLine

IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy BALCO deploys AI humanoid agent for real-time training, operations and safety Om Power Transmission IPO subscribed 3.33 times on final day Broker’s call: Anand Rathi Wealth (Neutral) Broker’s call: Paytm (Outperform) Pakistan Stock Exchange plunges 5,000 points after US-Iran talks fail NSE gets MCA approval to launch National Coal Exchange of India Citius TransNet Investment Trust's ₹1,105-cr IPO to open on Apr 17 NSE gets MCA nod for coal exchange entity name Coal stock adequate for 90 days available: Union Coal Minister Kishan Reddy Rupee falls most in two weeks as oil spikes on US move to blockade Iran ports India auctions 46 critical mineral blocks, launches 7th round with 19 more: G Kishan Reddy Dalal Street midday: Sensex, Nifty down nearly 1%, Reliance, Eicher among top laggards, auto, oil Stocks weigh Iranian crude returns to India after seven years as tankers dock at key ports Sensex, Nifty pare early losses but stay in red at noon; Auto, Financials drag India's March palm oil imports fall 19% to three-month low Government bonds slump after US-Iran peace talks falter Failure of US-Iran talks set to weigh on risk assets Monday Failure of US-Iran truce talks: Rupee opens 57 paise weaker RBI criticises banks’ rupee arbitrage trades Crude oil futures rise as US moves to blockade Iranian ports Gold falls on stronger dollar, fading Fed rate-cut hopes Crude oil jumps 7% to above $100 on US’ maritime blockade on Iran Japan’s benchmark bond yield jumps to 29-year high as US-Iran talks collapse How govt policy initiatives to impact shares of EV makers, oil exporters Stock Market Highlights: Sensex ends at 76,776; Nifty 50 down 226 pts (0.94%) at 23,823 Draft CAFE-3 Norms: Govt eases penalties, focuses on carbon credit trading for auto sector Brokers’ ISF explores unified documentation framework to ease compliance burden K-shaped trend emerges in jewellery as premium demand stays resilient Retail investors give recent IPOs a miss due to lack of bumper listing gains Inconclusive US-Iran talks, oil prices, inflation data to dictate investors' sentiment: Analysts FPIs extend sell-off in April; pull out ₹48,213 crore in 10 days After hitting rock bottom, Indian stock market is on its way to a speedy recovery, says Vallum Capital Gold vs equities: Does the yellow metal hold edge despite softening shine? The new gold rush: Why investors are moving from jewellery to digital FIIs pull ₹28,375 crore in five sessions; domestic buyers cushion fall as indices post best week in months 5paisa Capital's ₹469 crore rights issue oversubscribed 1.24 times Shriram Finance’s credit rating climbs after MUFG investment SEBI chief reaffirms open-door policy for global capital SEBI launches three new IT platforms to transform regulatory landscape India allows Iranian oil tankers to berth at Sikka port under special exemption US expected to extend waiver for Russian oil imports amid global energy price concerns Sharp fall in prices hit gold ETF inflows in March India to continue buying Russian crude oil Sun Pharma shares down 4 per cent on reports of overtures for US-based Organon Greenlight open market buybacks, but stay cautious TCS shares down 3.2% despite Q4 profit growth and deal wins SEBI uncovers ₹2,950-crore Ponzi-like network, fines Trdez ₹1 crore SIP inflows hit record high in March despite market turbulence Broker’s call: JM Financial (Buy) Inflow in equity MFs surges 56% to ₹40,450 crore in Mar amid geopolitical tensions, mkt volatility Markets snap six-week losing streak; all eyes on US-Iran talks Corporate governance must empower people, says Arundhati Bhattacharya BSE shares hit 52-week high, what is driving the surge? Rupee drops 17 paise to close at 92.68 against US dollar Stock Market Highlights: Closing bell: Sensex settles 918 points higher at 7,550, Nifty 50 up 275 points at 24,050 Q4 Results Highlights: TCS shares down after Q4 results, Anand Rathi & GM Breweries flat, Agri-Tech, Eco Hotels and Resorts, Vashu Bhagnani Industries to announce Q4 results Gold futures drop ₹1,363 to ₹1,52,071/10g RBI’s recent currency curbs can backfire. Here’s why RBI's cash withdrawal plan pushes up bond yields, swap rates India targets 30 lakh PNG connections amid LPG supply concerns MF equity inflows jump 56% as investors pump-in more money D-Street rebounds: Sensex, Nifty up 1%, auto stocks roar, Sun Pharma, Infosys, TCS top losers Ajmera Realty jumps 3% as record FY26 pre-sales lift sentiment MWL shares edge up after vendor empanelment Godrej Properties shares rise on record FY26 results; stock up 1.7% in afternoon trade Prestige Estates shares gain on ₹9,000 crore Versova project with ABIL Group Nifty crosses 24,000; IT stocks bleed as broader market rallies India's equity mutual fund flows jump to 8-month high in March Jefferies stays marginally overweight on India; valuations improve despite weak Q1 Om Power Transmission IPO subscribed 46% on day 2 morning India gold demand firms ahead of festival; China premiums ease Wipro shares steady amid IT selloff, buyback buzz lifts sentiment Crude oil futures rise on Hormuz disruptions, Saudi attack reports Gift Nifty points to gap up opening driven by global cues Rupee rises 10 paise to 92.41/USD; faces risks from rising global tensions Crude surge, geopolitical tensions weigh on IT; financials, paints outperform 9 Stocks to Watch: Wipro, Poonawalla Fincorp, Prestige Estates and Amagi Media Lab Debt auction adds fresh pain to India bonds hit by oil prices Gold prices log worst monthly fall since 2013 with 12% drop in March: World Gold Council Nifty snaps 5-day winning streak as ceasefire hopes fade, crude surges BSE gets SEBI nod to launch derivative contracts on BSE Focused IT Index NSE plans ₹23,000-crore IPO filing by early May Unseasonal rain, hailstorms, may drag Indian wheat output by over 5% Milky Mist beats FY26 targets, IPO on track, says CEO Ola Electric hits upper circuit, closes 20% higher Zerodha’s Coin app adds fixed deposits, expands beyond mutual funds Exchanges extend IPO approval validity for SMEs Broker’s Call: Aptus Value, Aadhar Housing Fin (Outperform) TCS Q4 Results Highlights: IT bellwether Q4 PAT up 12% y-o-y; FY26 profit sees marginal growth Broker’s Call: Amagi Media Labs (Buy) ABD Maestro launches ZOYA Pink Mix Berries Gin at ₹2,500 in Maharashtra Anand Rathi Wealth Q4 profit jumps 41%; board announces bonus issue, dividend Gold futures trade higher at ₹1.51 lakh/10g Stock Market Highlights: Sensex plunges 1.2%, Nifty 50 drops 0.93% as markets slide Rupee falls 9 paise to close at 92.63 against US dollar Aimtron Electronics bags ₹57.66 crore IIoT and AI surveillance orders Stock market rally shows signs of short covering, lacks fresh buying LIC board meets today to consider maiden bonus issue Rupee seen sliding to 100 per Dollar as Oil prices surge
Rocklink India opens lithium-ion battery recycling plant to boost rare earth ecosystem
2026-04-23 · via Latest Share Market News, Sensex, Nifty, BSE, NSE Today | The HinduBusinessLine

Rocklink India has opened a lithium-ion battery recycling facility in India as part of its efforts to build a domestic ecosystem for recycling of critical and rare earth minerals, said Leonard Ansorge, Director, Rocklink India Private Ltd.

Commenting on the key development for the company in India, Ansorge told ANI, “(Today is) the opening of our facility as well as the opening of our first lithium-ion battery recycling plant here in India,” on the sidelines of the launch of the facility at Sikandrabad industrial area in Bulandshahar district of Uttar Pradesh, nearly 60 km from the national capital New Delhi.

He said the plant has been designed with significant processing capability. “Capacity here as installed of today is 10,000 tons of input capacity, which enables us to produce up to 5,000, 6,000 tonnes of blackmass,” he said.

Focus on lithium-ion batteries and rare earth materials

Rocklink India is engaged in the recycling of particular raw materials, mainly focusing on lithium-ion batteries as well as permanent magnets, he said.

He added that the plant is capable of handling a wide range of battery inputs. “The raw material that we process here are batteries. So lithium ion batteries, all types,” he said.

“So the two groups that we focus on is the batteries and the magnets. That relates or translates into cobalt, nickel, lithium, manganese, as well as the rare earth, which are lanthanides, neodymium, dysprosium, and terbium,” he added.

On the potential contribution of recycling to India’s rare earth demand, Ansorge said, “At the end of the day, there is no real data available in the markets right now. It’s quite early to say that, but in general, my estimate would be around 5% of the total demand and growth that we are foreseeing in the Indian market could be potentially covered by recycling,” he said.

He, however, clarified that recycling alone cannot meet the country’s requirements. “However, it will never turn the picture overall, so the primary refining of materials will always be required to catch up with the demand in the Indian market for NdFeB magnets,” he said.

Expansion plans and global demand outlook

Ansorge added that demand for magnets is rising globally. “There is obviously a CAGR growth of probably 10% plus, as you see that in the global markets as well,” he said.

On future expansion, Ansorge said the facility has been built with scalability in mind. “So the plant was made for future capacity, for future volumes available in the markets,” he said, adding that the company plans to introduce dry processing capabilities to handle scrap from upcoming cell manufacturing units in India.

“So we expect that the capacity of the wet processing plant is sufficient for the materials available in the next couple of years. However, we want to add dry processing plants that enable us to treat the scrap that will rise from the cell manufacturing companies that are now being commissioned in India,” he said.

He also indicated plans to expand operations geographically. “As of now, we’re still looking into a site in southern India... however, we focus on expanding that site here in the first place,” he said.

On rare earth processing, Ansorge said the company is working towards adding further capabilities.

“We try to play our part here as well, establishing a research laboratory, partnering with our long-term partner, BatX Energies, to develop a rare earth processing plant that will be established in around one year at this site as well,” he said.

Industry challenges and evolving market dynamics

Highlighting industry challenges, he said the availability of raw material remains a constraint. “In rare earth and in batteries, it’s a supply of materials... there is still a quite dependency on the informal sector,” he said, adding that volumes for magnet processing are currently limited.

Ansorge also pointed to evolving market dynamics, noting that demand for finished products in India remains limited. “We are seeing a relatively weak demand for the finished products... the market is not developed yet,” he said, adding that some refined materials are currently being exported due to a lack of domestic demand.

He said the company expects strong growth in processing volumes going forward. “We hope to increase our process volumes two to three times every year. The capacity is enough. It’s just a matter of the availability of materials in the markets,” he said.

On the broader outlook, Ansorge said India’s recycling sector is still at a nascent stage but showing progress. “I see that India is still in the very beginning... it went from there is no recycling to there is ongoing refining within three years,” he said, expressing confidence that the ecosystem will continue to develop into a more formal and mature market.

India’s demand outlook and policy push

India’s requirement for rare earth permanent magnets is around 4,000 tonnes annually, projected to nearly double by 2030, with critical mineral needs for electric vehicles, defense, and electronics driving high import dependence, according to the government data. The government of India is pushing for 6,000 MTPA integrated rare earth permanent magnets production by 2030, supported by a Rs 7,280 crore incentive scheme to augment self-reliance, the data showed.

Published on April 23, 2026