Milky Mist Beats FY26 Growth Estimates, IPO on Track, Says CEO
Milky Mist posted FY‑26 revenue of about ₹3,275 crore (~$395 million), achieving 34% top‑line growth, slightly above its 33% target. The growth was broad‑based across ice‑cream, beverages, paneer, cheese and a 100% surge in high‑protein products. The company secured SEBI approval for a ₹2,035 crore (~$245 million) IPO, with a fresh issue of ₹1,785 crore and a ₹250 crore offer‑for‑sale, and says the listing remains on track. Quick commerce now accounts for 10% of sales, and new manufacturing capacity in Maharashtra will support further expansion.
Exchanges Extend IPO Approval Validity for SMEs
Indian stock exchanges NSE and BSE announced a one‑time extension of in‑principle approvals for SME listings, pushing expiry dates to September 30, 2026. The move follows SEBI’s recent circular that relaxed IPO validity periods to help issuers facing volatile market conditions. Approximately...
Broker’s Call: Aptus Value, Aadhar Housing Fin (Outperform)
Bernstein reiterates Outperform ratings on Aptus Value Housing Finance and Aadhar Housing Finance. Aptus posted 25% YoY EPS growth, a 7.3‑7.4% return on assets and aims for ₹25,000 cr (≈$3.0 bn) AUM by FY29 while planning 60‑70 new branches. Aadhar’s AUM rose...
Broker’s Call: Amagi Media Labs (Buy)
Anand Rathi Research initiates coverage of Amagi Media Labs with a Buy rating, setting a target of ₹450 (≈ $5.4) while the stock trades at ₹335.95 (≈ $4.0). The cloud‑based SaaS platform, which lets content owners launch and monetize internet channels, posted...
ABD Maestro Launches ZOYA Pink Mix Berries Gin at ₹2,500 in Maharashtra
Allied Blenders & Distillers' premium arm ABD Maestro launched ZOYA Pink Mix Berries Gin in Maharashtra, pricing it at ₹2,500 (≈$30). The gin blends a classic juniper base with strawberry, cranberry, blackberry and raspberry, and is produced in small batches...
Sensex Jumps over 2900 Pts, Nifty Touches 24,000 Mark: Bank, Auto & Realty Stocks Lead Market Rally as RBI Hold...
The Reserve Bank of India kept its repo rate unchanged at 5.25%, prompting a broad market rally. The BSE Sensex jumped nearly 2,990 points, up about 3.8%, while the Nifty 50 rose to just under 24,000. Rate‑sensitive sectors—banks, autos and...
BPCL, HPCL, IOC, IndiGo Shares Surge, ONGC & Oil India Slip as Brent Crude Prices Fall
Crude oil prices plunged 12.5% after a US‑Iran cease‑fire, sending Brent futures to about $121 per barrel (₹10,029). The drop lifted downstream oil‑marketing firms—BPCL (+8.6%), HPCL (+9%), IOC (+7%)—and aviation carrier IndiGo (+11%). Conversely, upstream producers ONGC and Oil India...
Tata Motors Shares Surge as CV and JLR Sales Data Bolster Investor Confidence
Shares of Tata Motors' commercial‑vehicle and passenger‑vehicle entities surged on the NSE, rising about 9% and 8% respectively after the companies disclosed robust Q4 FY26 sales data. The CV unit posted a 25% year‑on‑year increase to 132,465 units, while passenger‑vehicle...
Adani Enterprises, Adani Ports Rally up to 10%, Group Stocks Jump Amid Legal Developments
Shares of Adani Group companies rallied sharply on Wednesday, with Adani Enterprises jumping 10% to ₹2,070.30 (≈ $25) and hitting its upper‑circuit limit. Adani Ports rose 8% to ₹1,490.20 (≈ $18), while Adani Power, Total Gas, Green Energy and Energy Solutions each...
Tata Steel Shares up 4% as Annual Crude Steel Production Rises in FY26
Tata Steel’s shares jumped about 4% to ₹206.40 (≈$2.49) after the company disclosed FY 2026 crude‑steel production of 23.48 million tonnes, an 8% YoY increase driven by a ramp‑up at its Kalinganagar plant. Quarterly output rose 15% YoY to 6.25 MT, while domestic deliveries...
India's 10-Year Bond Yield Nears 6.90% on Iran Ceasefire, RBI Decision Awaited
Indian government bond yields dropped sharply on Wednesday as oil prices plunged following a U.S.-brokered two‑week cease‑fire with Iran. The benchmark 2035 bond yield fell to 6.9177%, down from 7.0458% the previous day, just before the Reserve Bank of India’s...
Rupee Surges 50 Paise to 92.56 Against USD in Early Trade After US, Iran Agree to 2-Week Ceasefire
The Indian rupee jumped 50 paise to 92.56 per dollar in early trade after President Donald Trump announced a two‑week suspension of US strikes on Iran. The cease‑fire sparked a broad rally in risk assets, with Asian equities, gold and silver...
Crude Oil Futures Crashes 6% to Hit Lower Circuit as US-Iran Ceasefire Cools Tensions
Crude oil futures plunged 6% on Wednesday, hitting lower‑circuit limits after the United States and Iran announced a two‑week ceasefire. On India’s MCX, April crude fell to ₹10,029 per barrel (≈$121) and May to ₹8,860 (≈$107). In the United States,...
Global Equity Funds Draw Second Weekly Inflow Amid War De-Escalation Hopes
Investors poured a net $15.02 billion into global equity funds during the week of March 26‑April 1, marking a second consecutive week of inflows as hopes rise that the US‑Israeli conflict with Iran may de‑escalate. Overall, global equity funds attracted roughly $40.14 billion, while...
Crude Oil Unlikely to Fall to $70 in 2026, May Remain at $80-85; Risks to Growth, Inflation: UBI Report
Union Bank of India’s latest outlook predicts crude oil will stay in an $80‑85 per barrel band through 2026, dismissing expectations of a drop to $70. The report warns that prices breaching $100‑120 could trigger a sharper monetary response from...
Rustomjee Posts Record Pre-Sales of ₹1,346 Crore in Q4, Beats Full-Year Guidance
Keystone Realtors, operating as Rustomjee, posted a record Q4 pre‑sales figure of ₹1,346 crore (≈$164 million), a 58% year‑on‑year increase, and met its full‑year pre‑sales target of ₹4,022 crore (≈$491 million). Collections also hit a new high at ₹853 crore (≈$104 million), pushing annual collections to...
Nuclear Power Corporation’s IPO Expected This Year
The Indian government plans to list Nuclear Power Corporation of India Ltd (NPCIL) on the stock market this year, ending a 15‑year IPO preparation period. The 2026‑27 budget slashed the Department of Atomic Energy’s equity infusion to NPCIL from roughly...
Crude Check: Strength Intact in Oil Futures
Crude oil futures posted notable gains last week, with Brent climbing to $109 per barrel and India’s MCX crude reaching an all‑time high of roughly $125. Brent’s 7.8% jump on Thursday kept the bullish bias alive, while the MCX contract...
Central Banks Gold Purchases Net up in February, but Russia, Turkiye Sell
Central banks bought a net 19 tonnes of gold in February, led by Poland’s 20‑tonne purchase and Uzbekistan’s 8‑tonne addition. China logged its 16th consecutive month of net buying, while the Czech Republic marked a 36‑month streak. Turkey and Russia...
Coal India Misses FY26 Annual Production Target by Wide Margin
Coal India’s FY26 coal output fell 1.7% to 768.1 million tonnes, missing its 875 mt target by a wide margin. Four of its seven subsidiaries—BCCL, CCL, WCL and MCL—recorded production declines, largely blamed on heavy rains in Jharkhand and Maharashtra. Offtake also...
NSDL Waives Settlement Fees for Women Opening New Demat Accounts
National Securities Depository (NSDL) has introduced the Women Plan, waiving settlement fees on debit instructions for women who open new demat accounts between April 1, 2026 and March 31, 2027. The fee exemption lasts three years and applies to unlimited transactions, including joint accounts...
Broker’s Call: India Shelter Finance (Buy)
IDBI Capital initiates coverage on India Shelter Finance with a Buy rating and a target price of ₹855 (≈$10.3), above the current market price of ₹755.30 (≈$9.2). The lender’s assets under management (AUM) reached ₹9,819 crore (≈$1.2 billion) as of Dec 2025, supported...
Broker’s Call: Meesho (Buy)
Axis Securities initiates coverage on Meesho with a Buy rating and a target price of ₹195 (~$2.35), above the current market price of ₹147 (~$1.77). The platform serves roughly 250 million annual transacting users and 900,000 sellers, and aims to capture...
Aman Kirloskar Takes Charge as KPCL MD; Stock Rises over 4%
Kirloskar Pneumatic Company Limited (KPCL) appointed Aman Rahul Kirloskar as Managing Director for a five‑year term effective April 1, 2026, following shareholder approval. The leadership change coincided with a 4.4% rise in KPCL’s shares, closing at ₹1,085.80 (≈ $13.08). Aman Kirloskar, a long‑time group...
Rain Industries Gains 8% as Unit Completes EV Battery Graphite Project
Rain Industries Ltd.’s shares jumped 7.9% after its subsidiary, Rain Carbon Canada, completed a pilot to produce battery‑grade coated spherical purified graphite (CSPG) for EV batteries. The joint project with Green Graphite Technologies was partially funded by the Ontario government,...
IT Sector Set for April Rebound on Better Earnings: VK Vijayakumar
India's equity markets have struggled, with the Nifty 50 and Sensex falling 5% and 7% in FY’26 amid volatile geopolitics and oil prices above $100 per barrel. Chief Investment Strategist VK Vijayakumar says a swift de‑escalation in the West Asian conflict...
Govt Plans to List ANRF on Social Stock Exchange
The Indian government plans to list the Anusandhan National Research Foundation (ANRF) on the Social Stock Exchange (SSE). The listing aims to broaden ANRF’s funding base by tapping corporate CSR contributions and diaspora capital, reducing reliance on annual budgetary grants....
Exit-Heavy IPO Pipeline Runs Into Valuation Resistance as Deadlines Near
A wave of Indian IPOs with large offer‑for‑sale components is hitting valuation resistance as filing deadlines loom. Continuum Green Energy’s ₹3,650‑crore ($440 m) issue is 66% OFS, Veritas Finance’s ₹2,800‑crore ($337 m) is 80% OFS, and Hero FinCorp’s ₹1,568‑crore ($189 m) is over...
India Cuts Sugar Allocation for April Amid Low Demand, 15.6 Million Tonnes Released in 7 Months
The Indian government allocated 23 lakh tonnes of sugar for April 2026, a slight reduction from 23.5 lakh tonnes a year earlier and below the 25 lakh tonnes set in April 2024. Demand for the 2025‑26 season’s first seven months is projected at...
India Extends Zero Duty Import of Pigeon Pea and Black Matpe, Retains 30% Tariff on Yellow Peas Till March 2027
India has extended duty‑free imports of pigeon pea (tur) and black matpe (urad) through 31 March 2027, while maintaining a 30 percent tariff on yellow peas. The move follows a dip in domestic pulse production and anticipates supply risks from El Niño and the...
MFs Allowed to Keep Retirement, Children’s Funds Alive
The Securities and Exchange Board of India (SEBI) has reversed its plan to scrap Retirement and Children mutual‑fund schemes, allowing 44 funds with an asset base of roughly ₹57,663 crore (about $7 billion) to remain operational. The regulator also introduced new norms...
Russian Urals Premium in Asia up, but Costs, Attacks Weigh
Russian Urals crude premiums in Asia climbed to about $8 per barrel versus Brent, up from $5 a week earlier. However, Ukrainian drone attacks have forced the closure of roughly 40% of Russia’s oil‑export capacity, including the 700,000‑bpd Ust‑Luga port....
Magnum Ice Cream Completes Acquisition of Stake in Kwality Wall’s
Magnum Ice Cream Netherlands has finalized the purchase of a 61.9% majority stake in Kwality Wall’s (India) Ltd, acquiring 145.44 crore equity shares from Unilever and other outgoing promoters. The deal, rooted in a Share Purchase Agreement signed on June 25 2025, reclassifies...
New Mangalore Port Set to Receive Iranian LPG Consignment
New Mangalore Port will receive the Aurora tanker carrying Iranian LPG, marking India’s first post‑sanctions import from Tehran. The cargo, slated for Confidence Petroleum, follows a temporary U.S. suspension of sanctions on Iranian petroleum exports. Additional LPG shipments from Hellas...
Gold Falls as Houthi Attack Lifts Oil, Fed Rate-Cut Hopes Dim
Gold prices slipped on Monday, with spot gold falling 0.6% to $4,466.99 per ounce, marking a 15% monthly decline—the sharpest since October 2008. The drop was driven by a surge in energy prices after a Houthi attack, which lifted Brent...
Bank Holidays April 2026: 14 Days of Closures Across India—Check Full List
India’s banks will observe at least 14 holidays in April 2026, including nationwide closures for Good Friday, the second and fourth Saturdays, and a cluster of regional festivals on 14 April. The most disruptive day is 14 April, when Dr Ambedkar Jayanti, Tamil New...
Markets Bleed at Midday: Sensex Down 1,053 Points, Banks Lead Losses as Crude Tops $115
Indian equities slumped at midday on March 30, with the BSE Sensex dropping 1,053 points (‑1.43%) to 72,530 and the NSE Nifty 50 falling 304 points (‑1.34%) to 22,515. The sell‑off was driven by crude oil climbing above $115 per barrel...
Gold Futures Increase on Spot Demand
Gold futures climbed 0.78% on Monday, reaching $4,528.23 per ounce in New York. In India, spot demand pushed the price of gold on the Multi‑Commodity Exchange to ₹1,44,800 per 10 grams, a ₹518 (0.36%) increase for April contracts. The rally was driven...
SEBI Working Group Clears Revised CAF Ahead of PAN Regime Shift
India’s Securities and Exchange Board (SEBI) working group has approved a revised Common Application Form (CAF) to sync foreign portfolio investor (FPI) onboarding with the new PAN application regime that starts on April 1, 2026. The updated CAF incorporates the Income‑Tax Department’s...
Intellius Recode Files Draft IPO Papers with SEBI; Plans to Raise ₹117 Cr From Fresh Issue
Intellius Recode Ltd has submitted a draft red‑herring prospectus to SEBI, seeking to raise roughly ₹117 crore (about US$14 million) through a fresh equity issue and an offer‑for‑sale of up to 12.9 lakh shares by current shareholders. The proceeds will fund the development of its...
NCLAT Rejects BSE Pleas on Demat Account Freezing During Insolvency
The National Company Law Appellate Tribunal (NCLAT) dismissed two appeals filed by the Bombay Stock Exchange (BSE) that sought to limit the National Company Law Tribunal's (NCLT) power to defreeze Demat accounts of insolvent companies. The tribunal affirmed that the...
NSE to Introduce Dated Brent Crude Oil Futures Contract From Apr 13
The National Stock Exchange of India (NSE) will launch Dated Brent Crude Oil (Platts) futures on April 13, 2026, after receiving SEBI approval. The contract will be cash‑settled, with monthly settlement based on the simple average of Platts Dated Brent...
Rentomojo Files Draft Papers with SEBI for IPO; Plans ₹150-Crore Fresh Issue
Rentomojo Ltd, India’s leading online furniture and appliance rental platform, has filed a Draft Red Herring Prospectus with SEBI to launch an IPO. The offering comprises a fresh equity issue of up to ₹150 crore (about $18 million) and an offer‑for‑sale of...
Stock Market Live: Sensex Down 730 Points, Nifty Below 23,100 as Global Cues Weigh; Petrol Duty Cut, Diesel Levy Scrapped
Indian equity markets opened sharply lower on March 27, with the BSE Sensex dropping 730 points to 74,542 and the NSE Nifty slipping below 23,100 amid weak global cues and heightened Iran‑related geopolitical tension. The government announced a steep reduction...
Excise Duty Slashed by ₹10 on Petrol, Diesel; Retail Prices Unchanged
India's Finance Ministry announced a ₹10 (≈$0.12) per‑litre cut in Central Excise Duty on petrol and diesel, while retail prices stay unchanged. The reduction is expected to offset roughly 30‑40% of the annualised losses faced by Oil Marketing Companies at...
SEBI, Google Roll Out ‘Verified’ Badge for Investment Apps to Curb Fraud
SEBI has partnered with Google to launch a “verified” badge for investment apps on the Play Store, initially covering more than 600 stock‑broker applications. Only apps belonging to SEBI‑registered entities will display the badge, helping investors differentiate legitimate platforms from...
Weak Sentiment Keeps Kashmir Gold Demand Muted Despite Dip in Prices
Gold demand in Kashmir stayed muted despite a recent dip in prices ahead of the wedding season. Traders expected a surge as gold corrected, but footfall in stores remained thin and buyers opted for lighter pieces. Consumers are favoring 1‑gram...
SEBI Proposes IT Resilience Index to Enhance Market Infrastructure Oversight
The Securities and Exchange Board of India (SEBI) has unveiled a draft framework for an IT Resilience Index (ITRI) aimed at monitoring the robustness of technology systems used by market infrastructure institutions (MIIs) such as stock exchanges, clearing houses, and...
Broker’s Call: NALCO (Buy)
SBI Securities has upgraded NALCO to a Buy with a target of ₹420.9 (~$5,070) versus the current ₹367.15 (~$4,425). The integrated aluminium producer is moving ahead with a 0.5 mtpa capacity expansion, with a detailed project report due by mid‑2026 and...
Broker’s Call: HDFC Bank (Outperform)
HDFC Bank, India’s largest private lender, saw its former chairman Atanu Chakraborty resign, citing ethical concerns, while interim chair Keki Mistry was installed with regulator approval. The bank’s shares are trading around ₹781.70 (≈ $9.40) against a BNP Paribas target of ₹1,500 (≈ $18.10)....