Upstream Oil and Gas Producers to Shine in Q4, but OMCs and Gas Distributors Face Profit Squeeze
Upstream oil and gas producers in India are set to post strong Q4 earnings as Brent crude climbed to $81 per barrel, a 28% sequential rise, driving EBITDA growth of 6‑49% and revenue up 17‑22%. Down‑stream oil‑marketing companies (OMCs) face a sharp profit squeeze, with EBITDA expected to fall 8‑50% despite revenue gains, as gross marketing margins plunged to about $0.02 per litre (₹1.7) from $0.06 (₹5.2). LPG under‑recoveries for OMCs could reach roughly $1.2 billion (₹10,000 crore). Gas utilities and city‑gas distributors are also under pressure, with EBITDA projected to drop 12‑38% amid LNG supply disruptions and a weaker rupee.
IT Takes D-St on a Tumble, AI Fears Pop up on HCL Q4 Miss
Indian IT stocks plunged on Wednesday after HCL Technologies reported a fourth‑quarter earnings miss and muted guidance, sending the company's shares down nearly 11%—its steepest one‑day drop in 11 years. The broader Nifty IT index fell 3.9%, outpacing the 0.8%...
India's Favourite Retail Stock to Announce March Qtr Results Today with Bonus Issue
Trent Ltd, the Tata Group’s flagship retailer, is set to release its March‑quarter results alongside a likely bonus issue. Analysts forecast revenue of about ₹4,940 crore (≈ $595 million), driven by the addition of 22 Westside and 111 Zudio stores. While Westside may...
Trent Set to Announce Its First-Ever Bonus Issue Today: What Zudio-Parent's 5 Lakh Shareholders Should Know
Trent, the retail arm behind Westside and Zudio, will announce its first‑ever bonus issue alongside its Q4 results, offering free shares to its more than 500,000 shareholders. The move follows a strong performance, with FY26 Q4 revenue rising 20% YoY...
NSE IPO Back on Track as Sebi Panel Clears Rs 1,800 Crore Settlement Proposal
The Securities and Exchange Board of India (SEBI) expert panel has cleared the National Stock Exchange's (NSE) proposal to settle its colocation and dark‑fibre disputes for roughly ₹1,800 crore (about $217 million). The settlement, which combines a ₹1,165 crore payment for the colocation...
As FPIs Continue to Sell, Outflows Likely to Rise Before Inflows Revive
Foreign portfolio investors (FPIs) dumped roughly $6.0 billion of Indian equities in the first half of April, with the financial‑services sector absorbing the bulk of $2.3 billion in outflows. Overall foreign inflows this fortnight were only $161 million, the weakest level since January 2025,...
RBI Draft for Upper Layer Non-Banks Affects CICs Disproportionately, Raises Compliances Costs
The Reserve Bank of India issued a draft rule that classifies any finance entity with assets‑under‑management (AUM) exceeding Rs 1 lakh crore (≈$12 billion) as an upper‑layer NBFC (NBFC‑UL). The provision applies on a consolidated basis, pulling large core investment companies (CICs) such as...
Rajesh Palviya Sees Nifty Rally Extending This Week on Strong Bullish Momentum
Indian equities extended a third straight week of gains, with the Nifty forming higher highs and lows and a bullish Marubozu candle on the weekly chart. Analyst Rajesh Palviya of Axis Securities sees the index testing 24,400, where a breakout...
Market, Rupee Fortunes May Prove Fickle Amid Iran Flareup
India’s equity markets are poised to extend recent gains despite renewed geopolitical tension after Iran closed the Strait of Hormuz, pushing Brent crude back toward $100 a barrel. The Sensex and Nifty have risen over 5% since early April, while...
FMCG Sector Set for Steady Q4 on Rural Demand and Volume Growth
The fast‑moving consumer goods (FMCG) sector is projected to deliver steady March‑quarter performance, buoyed by stable rural demand and modest urban recovery. Volume growth is expected across categories, while pricing remains subdued in many segments. Companies such as Hindustan Unilever,...
Nifty Has a Bit of Momentum, but Faces Resistance at 24,300-24,700
The Nifty index is gathering momentum after a four‑month decline, with analysts eyeing a critical resistance band between 24,300 and 24,700 points. A decisive break above 24,700 could propel the index toward 25,500, while a slip below the zone may...
IPOs Could Raise up to $25 Billion in 2026, Too, Despite D-St Caution
India’s primary market is set for a robust 2026 IPO season, with heavyweight issuers such as Jio Platforms, the National Stock Exchange, Zepto, PhonePe, Manipal Hospitals and SBI Funds Management slated to list. Collectively these offerings could raise roughly ₹1 lakh crore...
Iran to Resume International Flights From Mashhad Airport on Monday
Iran’s civil aviation authority announced that international passenger flights will resume from Mashhad Airport on Monday, marking the first step in a phased reopening of the country’s airspace. The airport, closed since the Feb. 28 outbreak of the Israel‑U.S. conflict, is...
Iran to Prioritise Strait of Hormuz Passage for Vessels that Pay Fees
Iran announced it will give priority to vessels that promptly pay security and safety fees for crossing the Strait of Hormuz, while postponing passage for ships that refuse. The policy follows Tehran’s re‑imposition of strict military control after accusing the...
Gold ETFs Deliver up to 61% Gains Since Last Akshaya Tritiya. Time to Exit Now?
Indian gold exchange‑traded funds have surged up to 61% since the last Akshaya Tritiya in April 2025, with Tata Gold ETF posting the highest gain of about 60.6%. The rally is driven by safe‑haven demand, central‑bank buying, a softer dollar and inflation‑hedging...
VST Industries Jumps 15% as Q4 Profit Doubles to Rs 116 Cr
VST Industries, backed by Radhakishan Damani, saw its shares jump 15% after reporting a 120% year‑on‑year surge in Q4 net profit to Rs 116.7 crore (≈$14 million). Revenue climbed 52% to Rs 689 crore (≈$83 million) and EBITDA rose 61% to Rs 450 crore (≈$54 million), reflecting stronger demand...
Waaree Renewable Soars 12% as Q4 Revenue Soars 131% YoY
Waaree Renewable Technologies posted a spectacular Q4, with revenue soaring 131% YoY to roughly $133 million and net profit climbing 66% to about $18.8 million. Full‑year figures were equally impressive, as revenue more than doubled to $401 million and profit after tax jumped...
Multi-Asset Funds Offer Consistent Returns if Not Quite the Big Bang
Multi‑asset funds that blend equities, gold, and short‑term bonds have delivered an 11.4% annualised return over the past 16 years, edging out the BSE Sensex’s 10.7% return. The model portfolio—25% Sensex, 45% CRISIL short‑term bond index, 25% gold, and 5% S&P 500—never...
Fresh Hopes of US-Iran Talks Bring Peace to D-Street
India’s equity markets rallied 1.6% on Wednesday as reports of a second round of U.S.-Iran peace talks lifted hopes of ending the West Asian conflict. The NSE Nifty closed at 24,231.30 and the BSE Sensex at 78,111.24, while Brent crude...
Stocks in News: Wipro, Angel One, HDB Financial, Clean Max Enviro, M&M
Indian equities rallied on Wednesday, pushing the Nifty 50 back above the 24,000 level and setting sights on the 24,350‑24,600 range. HDB Financial posted a 41% year‑on‑year jump in Q4 profit to Rs 751 crore (≈ $90 million) and cleared a Rs 32,825 crore (≈ $4 billion) debt...
Fragile US-Iran Talks: Gold Rises to Rs 1.53 Lakh; Silver Jumps Nearly Rs 10,000. What's Next?
Gold in India jumped about 1% to Rs 1.53 lakh per 10 g (≈$1,850) and silver surged nearly 4% to Rs 2.5 lakh per kg (≈$3,000) as the US dollar weakened and reports of renewed US‑Iran talks lifted sentiment. The rally mirrored global markets where...
Anand Rathi Share Q4 Results: Profit More than Doubles to Rs 41 Crore Despite Market Crash
Anand Rathi Share & Stock Brokers reported a 126% year‑on‑year surge in Q4 net profit to Rs 41.5 crore (about $5 million). Revenue jumped 28% to Rs 256 crore (~$31 million) and EBITDA rose 51% to Rs 110 crore (~$13 million), pushing the EBITDA margin to 43.2%. The earnings...
Indus Towers: Jefferies Cuts Rating to Underperform, Gives Reasons for Bear Outlook
Jefferies downgraded Indus Towers to "underperform" and lowered its price target to Rs 375 (about $4.5) amid renewal risk for roughly 10 % of sites built in 2016‑17. The broker warns that contract expirations in late 2026‑early 2027 could force the company...
Ceasefire Not Good for Stock Market? BNP Paribas Cuts Nifty Target for 2026, but Picks 9 Stocks
BNP Paribas has reduced its 2026 Nifty target by 11% to 25,500, citing a fresh surge in crude oil prices and lingering macro risks from the Middle‑East conflict. The brokerage warns that higher energy costs could strain India’s fiscal balance, curb...
360 ONE Asset Secures Rs 2,000 Crore in Commitments for Its PIPE Strategy
India asset manager 360 ONE Asset announced it has secured roughly $241 million (₹2,000 crore) in commitments for its Private Investment in Public Equity (PIPE) strategy. The vehicle targets high‑potential listed and late‑stage companies, offering structured capital, active governance support and flexible...
Ather Energy Shares Rally 8% While Eicher Motors, Hero MotoCorp Shares Drop up to 4%. Here's Why
Delhi’s draft EV Policy 2026‑2030 proposes up to $360 (₹30,000) subsidies for electric two‑wheelers and $600 (₹50,000) for electric auto‑rickshaws, plus tiered per‑kWh incentives and tax exemptions. The incentives have already reshaped market sentiment, sending Ather Energy’s shares up more than...
Tata Chemicals, Tata Investment Corp Shares Rally up to 12% Amid Tata Sons IPO Buzz
Shares of Tata Chemicals and Tata Investment Corp surged up to 12% and 8.5% respectively, reaching ₹774 (~$9.30) and ₹722 (~$8.70) as speculation around a Tata Sons IPO intensified. The rally follows public endorsements from trustees Vijay Singh and Shapoorji Pallonji Mistry, who argue...
Trent vs DMart: Which Retailer’s Shares Should You Buy Now?
Trent (owner of Zudio) and Avenue Supermarts (DMart) have outperformed the market, with Trent up nearly 6% and DMart over 11% in the past month. Trent’s shares have rallied 11% this week but are down 9% year‑to‑date, while DMart is...
FIIs Cover Short Bets as Markets Rebound, but Stay Wary
Foreign portfolio investors (FPIs) trimmed their bearish bets on Nifty futures, lifting the long‑short ratio to 22% – the highest level since the February US‑Iran clash. The short covering coincided with a 5.9% weekly gain, pushing the Nifty to a...
Global Banks Play Hedge Card After RBI Blow on Rupee Bets
The Reserve Bank of India imposed a $100 million cap on banks’ net open positions for on‑shore foreign‑exchange forwards, forcing foreign banks to unwind lucrative arbitrage trades that profit from price differentials with offshore non‑deliverable forwards (NDFs). To mitigate the impact,...
7 Best Performing PMS that Delivered up to 43% Returns in FY26
Despite a turbulent FY 2026 marked by tariff reversals and the Iran‑US conflict, seven Portfolio Management Services (PMS) posted double‑digit gains. Aequitas Investment’s India Opportunities product led with over 43% return, backed by roughly US$456 million in assets under management. Qode Advisors,...
Mcap of 8 of Top-10 Most Valued Firms Jumps Rs 4.13 Lakh Cr; HDFC, ICICI Bank Top Gainers
Eight of India’s top‑10 listed firms added roughly Rs 4.13 lakh crore (~$50 billion) in market capitalisation last week, led by HDFC Bank (+Rs 91,283 crore, about $11 bn) and ICICI Bank (+Rs 76,036 crore, about $9 bn). The BSE Sensex jumped 4,230.7 points (5.77%) and the NSE Nifty rose 1,337.5 points...
LIC Likely to Announce Its First-Ever Bonus Issue Tomorrow: Check Key Things to Know
Life Insurance Corporation of India (LIC) is poised to announce its first‑ever bonus issue at a board meeting on April 13, marking a rare move for the state‑run insurer. The bonus would distribute free shares from reserves, enhancing liquidity without...
Madhusudan Kela Picks Beaten-Down Smallcap Bets; Buys Indiabulls, Simplex Infra in Q4
Ace investor Madhusudan Kela has taken a contrarian swing into beaten‑down small‑caps, buying a 2.22% stake in Indiabulls Limited (5.15 cr shares) and a 1.21% position in Simplex Infrastructures. Both stocks are trading well below their 200‑day moving averages and are...
D-Street Week Ahead: Nifty Extends Rebound; Godfrey Phillips Signals Breakout After Base Formation
The Nifty index rebounded, gaining 275.5 points (1.16%) after a brief dip caused by US trade‑tariff uncertainty and a delayed Supreme Court ruling. Technical analyst Milan Vaishnav highlighted that Godfrey Phillips (GODFREYPHLP) has completed a multi‑week base formation, with bullish signals...
West Asia Turmoil Priced in; India’s Long-Term Story Intact, Says Sunil Singhania
Sunil Singhania says the West Asia conflict has heightened oil prices and supply‑route worries, feeding volatility into Indian equities. He notes that roughly 90% of the conflict‑related risks are already priced in, leaving a favorable risk‑reward balance. Domestic investors continue...
Valuations Turn Attractive as Markets Look Beyond Uncertainty: A Balasubramanian
A Balasubramanian, MD & CEO of ABSL AMC, says Indian equities have slipped into a valuation sweet spot as geopolitical tensions ease and macro signals improve. The Nifty now trades below its long‑term average P/E, while credit and deposit growth are rebounding after...
Financial Services Bear Maximum Brunt of Late-March FPI Selloff
Foreign portfolio investors dumped over ₹60,000 crore (≈ $7.2 billion) from Indian financial services in the second half of March, the steepest outflow since 2012. The sell‑off peaked at ₹28,824 crore (≈ $3.5 billion) from March 16‑31, contributing 43% of the ₹67,081 crore (≈ $8.1 billion) withdrawn across 21 sectors. Banking...
Macro Buffers to Help India Tide over Gulf Crisis: World Bank
The World Bank projects India’s GDP growth at 6.6% for FY27, noting that the ongoing Gulf conflict could shave a few tenths off the outlook. It assumes oil prices of $90‑100 a barrel and expects growth to rebound to about...
RBI Mandates Payment of Inward Remittances on Same Business Day
India, the world’s top remittance recipient with $135 billion in 2025 inflows, is set to speed up inbound foreign‑exchange transfers. The Reserve Bank of India issued a final circular mandating banks to credit payments to beneficiaries on the same business day...
RBI's Move to Scrap Investment Buffer Could Lift Banks' Capital
The Reserve Bank of India has proposed eliminating the Investment Fluctuation Reserve (IFR), a 2% buffer that banks keep to absorb mark‑to‑market losses on bond holdings. By allowing the IFR balance to be re‑classified as Tier I capital, banks could transfer...
Global Relief Wave Lifts Indian Markets, but FIIs Stay Cautious
Indian equities surged on Wednesday, with the NSE Nifty climbing 3.8% to 23,997.35 and the BSE Sensex up 4% to 77,562.90—the strongest one‑day gains since early 2021. The rally was sparked by relief over a US‑Iran cease‑fire that sent oil...
Ceasefire Calm Sparks Bargain Hunting in Beaten-Down Stocks
A tentative cease‑fire between the US and Iran has eased geopolitical tension, prompting investors to revisit stocks that were hardest hit by the West‑Asia conflict. Aviation, travel, oil‑marketing companies, textiles and chemicals posted sharp gains, with Hindustan Petroleum up 10.1%...
Dragon Does a Trump 'China Made Efforts to Stop War'
Chinese diplomat Mao Ning asserted Beijing’s “own efforts” to push a cease‑fire between the United States and Iran, following former President Donald Trump’s public credit to China for the deal. The truce, a two‑week pause mediated by Pakistan, came after...
Wipro Shares Gain 3% After Bagging Olam Deal Worth More than $1 Billion
Wipro Limited announced an eight‑year, $1 billion-plus strategic transformation contract with Singapore‑based Olam Group, including an $800 million committed spend. The deal will see Wipro deliver AI‑driven, end‑to‑end services across Olam’s farm‑to‑fork value chain and acquire Olam’s digital arm, Mindsprint, adding roughly...
Banks Pay Near 2-Year High Rates on CDs Amid Tight Liquidity
Indian banks are issuing certificates of deposit (CDs) at near‑two‑year highs, with rates topping 8.32% for short‑term tenors. HDFC Bank alone mobilised about ₹4,300 crore ($520 million) at 7.6% for 33‑day CDs, while the sector issued roughly ₹1.07 lakh crore ($12 billion) in the fortnight...
Chasing Trends or Buying Value? The Strategy that Wins over Time
The article contrasts trend‑chasing with disciplined value investing, highlighting Joel Greenblatt’s Magic Formula as a systematic way to spot undervalued, high‑quality stocks amid market noise. It notes that macro‑driven volatility creates short‑term mispricings across U.S., European and emerging markets, while...
Silver Drags Commodity ETFs Down up to 15% in March. What Next for Investors?
In March 2026, silver‑focused commodity ETFs slumped as much as 15%, with UTI Silver ETF posting the steepest decline of –14.72%. The broader commodity‑ETF universe saw 43 funds in the red, while gold ETFs also recorded double‑digit losses. The sell‑off...
Are You Looking for the Best Mutual Funds for SIPs in April? Here Is Help for Conservative Investors
ET MutualFunds has published ready‑made SIP portfolios aimed at conservative investors, dividing allocations across three monthly investment brackets – roughly $24‑$60, $60‑$120, and above $120. Each bracket assigns 50% of the SIP to ICICI Prudential Regular Savings Fund, with the remainder spread...
No Need for a Rate Hike Unless Inflation Spikes: Economists
Indian economists briefed the Reserve Bank of India that a rate hike is unnecessary as long as inflation stays within the 2‑6% tolerance band. The discussion, held amid the West Asia war and soaring Brent crude at $110‑$120 per barrel,...