Broker’s Call: Mahindra Finance (Buy)
Mahindra Finance posted a 39% jump in core earnings, topping estimates by 9%, with assets under management up 12% YoY as loan disbursements rose 11%. Net interest margin widened 70 basis points to 7.3% and fee income surged 44%, reflecting stronger distribution and insurance revenue. The broker raised its price target to ₹350 (≈ $4.22) from ₹340, citing improved margins and lower provisions, and upgraded the stock to Buy on a valuation of 1.4× book and 10.4× FY28E earnings (≈ $3.83 current price).
Nifty Snaps Three-Day Losing Streak, Climbs 195 Points; Midcaps Lead the Charge
India's Nifty 50 snapped a three‑day slide on Monday, closing at 24,092.70, up 0.81%. The rally was broad‑based, with pharma, realty, IT, media and consumer durables each gaining 2‑3%, while financials lagged. Mid‑cap and small‑cap indices outperformed, rising 1.47% and 1.90%...
Paytm Shares Recover From Early Lows, End Down 0.83% as Payments Bank Winds up; Goldman Holds Buy
Paytm’s parent One 97 Communications saw its shares recover from an early‑day low of ₹1,051 ($12.8) to close at ₹1,132 ($13.80), just 0.83% down. Goldman Sachs kept a Buy rating, lifting its 12‑month price target to ₹1,400 ($17) – about 24% upside...
Axis Bank Shares Lead Nifty 50 Losers After Q4 Results, Brokerages Flag Mixed Performance
Axis Bank’s shares slid nearly 5% in early trade, closing 3.05% lower at ₹1,324.20, after the lender reported a marginal dip in standalone net profit to ₹7,071 crore (≈$852 million) versus ₹7,117.5 crore a year earlier. While loan growth remained robust at 6.4%...
Shriram Finance Shares Fall Despite Strong Q4 Profit Growth
Shriram Finance posted a 41% jump in Q4 FY26 standalone net profit to ₹3,014 crore (≈$363 million), driven by strong growth in commercial‑vehicle, passenger‑vehicle, farm‑equipment and gold‑loan segments. Despite the earnings beat, the stock slipped about 5%, closing at ₹974.65 after hitting...
Stock Market Highlights: Sensex, Nifty Rebound, Snap Three-Day Losing Streak on IT, Sun Pharma Rally
Indian equities rebounded on April 27, 2026, with the Sensex climbing 0.83% to 77,303.63 and the Nifty 0.81% to 24,092.70, snapping a three‑day losing streak. Gains were led by a 2.2% rise in the IT index and a 7% surge...
SBI Funds Set to Start Marketing $1.5 Billion IPO Next Week
SBI Funds Management Ltd., India’s largest asset manager, will begin marketing a $1.5 billion IPO as early as next week. The company plans to sell roughly 75% of the issue to domestic investors and may raise an additional $350 million through a...
Cyient Shares Slide 4% After Q4 Miss; Buyback at Premium Offers Limited Cushion
Cyient’s shares fell 4.16% to ₹897 (≈ $10.80) after the engineering‑services firm reported a sharp Q4 profit decline. Consolidated net profit dropped to ₹54.80 crore (≈ $6.6 million) from ₹91.8 crore a quarter earlier, while revenue rose modestly to ₹1,930 crore (≈ $231 million). The board approved a...
No Change in Bt Cottonseed MRP for 2026-27
The Union Agriculture Ministry kept the maximum retail price (MRP) of Bt cottonseed unchanged for the 2026‑27 kharif season, holding Bolgard II at ₹900 (≈$11) and Bolgard I at ₹635 (≈$7.6) per 450‑g packet. This follows a 4% hike last year and...
Cipla Slips Despite FDA Nod for Generic Ventolin; Morgan Stanley Stays Cautious
Cipla Limited’s shares slipped 1.27% to about $15.5 after the company secured U.S. FDA approval for a generic version of GlaxoSmithKline’s Ventolin HFA, a product targeting the roughly $1.5 billion albuterol market. The approval is projected to generate $130 million in FY27...
ADP Cuts Stake in India’s GMR Airports in $1 Billion Deal
ADP, the French airport operator, agreed to sell up to 7.3% of India’s GMR Airports for a total consideration of €924 million ($1.08 billion). The transaction includes an immediate €256 million cash sale, a put option for an additional €285 million, and the purchase...
West Asia Conflict: Govt Amends ATF Regulations; Allows for SAF Blending
India’s Ministry of Petroleum & Natural Gas has amended the Aviation Turbine Fuel (Regulation of Marketing) Order 2001 to allow blending of sustainable aviation fuel (SAF) with conventional jet fuel, explicitly permitting ethanol and other synthesized hydrocarbons. The change creates...
Sigma Advanced Systems Completes $15 Million Extrovis Divestment
Sigma Advanced Systems Limited has sold its 36.52% stake in Swiss pharma firm Extrovis AG for $15 million (≈ ₹137.6 crore). The cash infusion is earmarked to sharpen Sigma’s focus on aerospace and defence, a sector it is turning into a pure‑play platform....
Broker’s Call: Physicswallah (Overweight)
Physicswallah (PWL), a leading Indian EdTech firm, received an Overweight rating with a new price target of ₹125 (≈ $1.50) versus the current market price of ₹108.48 (≈ $1.31). The broker values the business using a sum‑of‑the‑parts model, applying a 30× EV/EBITDA...
Broker’s Call: Minda Corp (Buy)
Minda Corp received a Buy initiation from Choice Institutional Equities, with a 12‑month target price of ₹650 (≈ $7.8) versus the current ₹541.65 (≈ $6.5). The broker highlights a 21% revenue CAGR and 48% PAT CAGR over FY21‑25, driven by premium‑priced smart‑key,...
Equitree Capital Launches GIFT City AIF for Global Access to India’s Small-Cap Story
Equitree Capital Advisors has launched the Equitree Emerging Opportunities Fund, a Category III AIF registered under IFSCA regulations in GIFT City. The USD‑denominated vehicle will give non‑resident Indians, foreign nationals, family offices and institutions offshore exposure to India’s small‑cap equities. Equitree...
Organised Gold Recycling Can Curb Imports, Boost Economic Stability: Muthoot Exim CEO
India imports roughly 99% of its gold, amounting to about 630 tonnes and $58.8 billion in 2025. Muthoot Exim CEO Keyur Shah argues that organized gold recycling can turn idle household jewellery into a domestic supply, easing the current‑account deficit and environmental...
OmniScience Capital Forecasts 15-25% Nifty 50 Upside by March 2027
Mumbai‑based OmniScience Capital projects India’s Nifty 50 index to reach 28,000‑31,000 by FY 27, implying a 15‑25% upside from current levels. The forecast assumes earnings per share of ₹1,280‑₹1,320 (≈ $15‑$16) and price‑to‑earnings multiples of 22‑24. Growth drivers include 10‑13% earnings expansion, easing...
Aluminium Recyclers Push for Duty Cut as Supply Tightens Globally
India imports 85% of its aluminium scrap and faces a 2.5% customs duty that raises costs for downstream users. Geopolitical tensions and the EU’s planned export curbs have tightened global scrap supplies, prompting the Material Recycling Association of India to...
Jio Financial Shares Slip After Q4 Profit Falls 14%; Stock Down 20% YTD
Jio Financial Services posted a Q4 net profit of ₹2.72 billion (≈$33 million), a 14% decline from ₹3.16 billion a year earlier, while operating expenses exploded 188% year‑on‑year. Despite robust growth in its lending book (+35% QoQ to ₹257 billion, ≈$3.1 billion) and a 49%...
Indian Debt Funds Cut Hedges as Oil Risks Inflate Rate-Hike Bets
Indian debt fund managers, including Bandhan AMC and ICICI Prudential, are unwinding overnight indexed swap (OIS) hedges as soaring oil prices and the Iran conflict push market expectations for higher interest rates. The two‑year swap rate remains near 6%, roughly...
SEBI Plans Mandatory Biannual Workshops for Independent Directors
The Securities and Exchange Board of India (SEBI) is partnering with the National Institute of Securities Markets and the Bombay Chartered Accountants Society to introduce mandatory bi‑annual workshops for independent directors, with attendance tied to re‑appointment after a five‑year tenure....
Exchange Drives up to Half of Jewellery Sales as Indians Rotate Gold to Keep Buying
Gold exchanges have become the primary channel for jewellery purchases in India, now accounting for over half of transactions at major retailers like Tanishq. Rising gold prices are prompting consumers to "rotate" existing holdings, using them as currency to fund...
Developments in US-Iran Conflict, Oil Prices, Q4 Earnings to Drive Markets This Week: Analysts
Analysts say this week’s Indian market direction will hinge on three forces: the looming end of the US‑Iran cease‑fire on April 22, volatile crude‑oil prices, and a wave of Q4 FY26 earnings. HDFC Bank posted an 8.04% profit rise to ₹20,351 crore...
How 50 Days of the Iran War Led to the Loss of $50 Billion Worth of Oil
The Iran‑Israel war has knocked roughly 500 million barrels of crude and condensate off the market in just 50 days, erasing about $50 billion in revenue at $100 per barrel. Production in Gulf Arab states fell by 8 million barrels per day in March,...
Oil Prices Retreat While Stock Indices Surge Following US-Iran Ceasefire
Oil prices fell sharply after a US‑Iran cease‑fire, while US equity indices surged. Brent slipped 7.6% to $91.87 a barrel and WTI dropped 9.6% to $85.57. The Dow Jones rose 1.8% to 49,447 points, the S&P 500 gained 1.2% to 7,126,...
Q4 Results Today Live: HDFC Bank, ICICI Bank, Yes Bank to Announce Q4 Results, Jio Financial Q4 Profit Dips, Mastek,...
HDFC Bank posted a 9% year‑on‑year rise in Q4 profit to ₹19,221 crore (≈ $2.3 billion) and announced a ₹13 per share final dividend, while also approving up to ₹60,000 crore of AT‑1 and Tier II capital issuance. Yes Bank’s profit surged 45% to ₹1,082 crore...
NSE Gets SEBI Nod to Invest in Proposed Coal Exchange
The National Stock Exchange of India (NSE) has secured SEBI approval to invest in the proposed National Coal Exchange of India Limited. The exchange will introduce electronic spot trading and standardized contracts for coal, aiming to improve price discovery and...
India Needs a UPI Moment for Gold
India’s cultural love for gold drives massive imports, yet households hold a huge idle stock. The article proposes a UPI‑style digital infrastructure—Electronic Gold Receipts (EGRs)—to convert physical gold into instantly tradable, dematerialised assets. By linking refiners, fintech platforms and regulated...
IPO Size Cuts by Selective Issuers May Offer a Middle Path
Regulators have introduced an optional rule allowing companies to trim IPO sizes by up to 50 percent without extensive paperwork. The move aims to give issuers a flexible tool in a market hampered by weak sentiment and geopolitical uncertainty. While...
JM Financial PE Leads ₹150 Cr Investment in Contract Manufacturing Platform NG Electro Products
JM Financial Private Equity is leading a roughly $18 million (₹150 crore) investment in NG Electro Products Pvt Ltd, a contract manufacturer for consumer brands in home care, beauty, personal care, and nutraceuticals. The capital will finance expanded manufacturing capacity, accelerated research...
India Could Limit Sulphur Exports as Supplies Tighten, Sources Say
India is weighing limits on sulphur exports as domestic supplies tighten amid falling Middle East imports and disruptions in the Strait of Hormuz. The country imports about 2 million metric tons a year, roughly half from the Middle East, while shipping...
Broker’s Call: On iValue Infosolutions (Buy)
iValue Infosolutions, India’s sole listed value‑added distributor, received a Buy rating with a target price of ₹330 (≈ $4.0) versus a current market price of ₹257.05 (≈ $3.1). The firm leverages cloud‑centric deals such as Aadhaar and GST by partnering with system...
India Imports LNG From US, Oman, and Nigeria in March as Qatar, UAE Supplies Dry Up
India’s LNG imports fell 20% year‑on‑year to 1.2 million tonnes in March 2026 after Qatar and UAE cargoes stopped amid escalating Middle‑East tensions. The shortfall, equivalent to about 47.4 MSCMD of gas, was partially offset by higher shipments from the United States, Oman and...
SEBI Extends Not-for-Profit Registration Validity for Social Stock Exchanges
The Securities and Exchange Board of India (SEBI) has eased rules for Social Stock Exchanges by extending the registration validity for not‑for‑profit organisations (NPOs) to three years without requiring immediate fundraising, up from two years. It also lowered the minimum...
Sensex, Nifty Pare Gains to End Marginally Lower, Adani Enterprises, Hindalco Lead Gainers
India's benchmark indices slipped modestly on Thursday, with the BSE Sensex down 0.16% to 77,989 and the NSE Nifty 50 falling 0.14% to 24,197 after a volatile session. Profit‑booking at elevated levels and lingering uncertainty over US‑Iran negotiations dampened sentiment,...
Stock Market Live: Sensex Surges 1100 Pts, Nifty Crosses 24,200 on US-Iran Negotiation Hopes
Indian equity markets jumped on April 15 as the Sensex rose about 1.6% to 78,100 and the Nifty 50 gained 1.6% to 24,225, marking the biggest one‑day gain in weeks. The rally was sparked by President Donald Trump’s signal that a...
Brent Crude Edges up Ahead of Fresh US-Iran Talks
Brent crude futures rose to $95.16 per barrel, up 0.39%, while U.S. WTI slipped to $91.04, down 0.26%. President Donald Trump signaled a second round of U.S.-Iran talks but confirmed he will not attend, and a U.S. destroyer ordered two...
Why These 5 Railway Related Stocks Will Remain in Focus
RailTel Corp of India secured a Letter of Acceptance worth roughly $38 million from Rail Vikas Nigam Ltd to expand network assets. Texmaco Rail & Engineering landed a $3.3 million order from Ultratech Cement for a BCFC M1 wagon rake. JSW Infrastructure...
LIC Board Approves 1-for-1 Bonus Issue
Life Insurance Corporation of India (LIC) approved a 1‑for‑1 bonus share issue, creating over 632 crore new shares worth roughly ₹6,325 crore ($761 million). The move will double LIC’s paid‑up capital from about ₹6,325 crore ($761 million) to ₹12,650 crore ($1.5 billion) and increase total shares to...
Nifty Slides 208 Points as US-Iran Talks Collapse, Crude Tops $100
India’s Nifty slipped 208 points (0.86%) to 23,842 after US‑Iran talks collapsed and President Trump ordered a blockade of the Strait of Hormuz, sending Brent crude above $100 per barrel and domestic crude toward ₹10,000 (≈$120) a barrel. The sell‑off...
MFs Invest More as Market Crash, Cash Holdings Hit 16-Month Low
Indian mutual funds sharply reduced cash holdings in March, reaching a 16‑month low of about $22 billion as the Nifty and Sensex plunged 12% amid oil price spikes, rupee depreciation, and heightened geopolitical tension. Systematic Investment Plan (SIP) inflows surged to...
Sify Data Centre Arm IPO on Track and Will Be Timed with Market Conditions, Says CFO
Sify Infinit Spaces, the data‑centre arm of Sify Technologies, has filed its Draft Red‑Herring Prospectus and secured SEBI approval, but will delay its IPO until market volatility eases, according to CFO MP Vijay Kumar. The subsidiary sold 17 MW of capacity...
BALCO Deploys AI Humanoid Agent for Real-Time Training, Operations and Safety
Bharat Aluminium Company (BALCO), a Vedanta Aluminium unit, has launched ALAISA, an AI‑powered humanoid assistant on its Chhattisgarh smelter floor. The robot delivers real‑time procedural guidance, safety protocols, and decision support directly to shop‑floor operators. In its pilot, ALAISA has...
Global Downgrades Unwind India’s Premium, Cap Market Upside
Global brokerages including Goldman Sachs, Nomura, Citi and Bernstein have downgraded India from overweight to neutral, trimming Nifty targets by 10‑15% as earnings recovery stalls. The revisions reflect heightened energy costs, supply disruptions and a reassessment of India’s risk‑reward profile...
Om Power Transmission IPO Subscribed 3.33 Times on Final Day of Bidding
Om Power Transmission Ltd completed a Rs 150‑crore ($18 million) IPO, offering 60.02 lakh shares at Rs 166‑175 ($2.00‑$2.11) each. The issue attracted 1.99 crore bids, resulting in a 3.33‑times overall subscription. Non‑institutional investors led the demand with a 7.06‑times subscription, while qualified institutional buyers...
Broker’s Call: Anand Rathi Wealth (Neutral)
Anand Rathi Wealth reported Q4 FY26 operating revenue of ₹290 cr ($35 m), a 30% YoY increase driven by strong mutual‑fund distribution. FY26 revenue rose 22% YoY to ₹1,150 cr ($139 m) while operating expenses jumped 55% YoY to ₹200 cr ($24 m). Management projects FY27...
Broker’s Call: Paytm (Outperform)
Haitong International initiates coverage of One 97 Communication (Paytm) with an Outperform rating and a target price of ₹1,410 (≈ $17), above the current market price of ₹1,106.85 (≈ $13.5). The broker highlights Paytm’s leadership in retail digital payments and its aggressive push to...
Draft CAFE-3 Norms: Govt Eases Penalties, Focuses on Carbon Credit Trading for Auto Sector
The Indian government’s draft Corporate Average Fuel Efficiency‑3 (CAFE‑3) norms, slated for a five‑year rollout starting April 2027, replace rigid penalties with a market‑based carbon‑credit trading system. Automakers that surpass fleet‑wide CO₂ targets can sell surplus credits, while those lagging may...
Brokers’ ISF Explores Unified Documentation Framework to Ease Compliance Burden
The Brokers’ Industry Standards Forum (ISF) is drafting a unified documentation framework that would merge margin‑reporting and collateral‑authorisation records into a single template. The move targets the fragmented, overlapping paperwork that brokers currently file with SEBI and exchanges. The proposal...