Indian equity benchmarks ended higher on April 7, capping a volatile session with gains for the fourth consecutive day and closing near the day’s high. The Sensex rose 510 points to 74,617, while the Nifty advanced 155 points to settle at 23,124, reclaiming the 23,100 mark. The rally was led by IT stocks, with the…
The IT sector has had a volatile run. In Q4, the Nifty IT index plunged 24% compared with a 14% decline in the Nifty. However, the trend reversed in March, where IT showed resilience. While the Nifty has fallen 10% since March, the IT index has remained largely flat, suggesting that a significant portion of…
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Bottom Line The brokerage further highlights that the steel prices EBITDA of all the steel companies are expected to rise from 16 to 70 per cent from QoQ basis. In the retail market, the average prices are expected to rise sharply, by Rs 6,300–9,800 per tonne quarter-on-quarter, much higher than what steel companies might report…
India’s largest private‑sector lender, HDFC Bank, witnessed its biggest foreign institutional investor (FII) sell‑off in years during the March quarter, with overseas investors cutting their stake by 3.6 per cent and selling shares worth nearly Rs 35,000 crore. The stock fell 26.2 per cent in Q4 FY26, its worst quarterly performance since March 2020, pushing…
Tata Steel Q4 FY26 business update: In FY2026, Tata Steel India achieved the ‘best-ever annual’ crude steel production of 23.48 million tons. Production was up 8 per cent YoY, primarily aided by the Kalinganagar ramp-up, partly offset by the shutdown of the ‘G’ blast furnace for relining at Jamshedpur. In Q4 FY26, crude steel production…
The recent correction in Indian equities has brought Nifty valuations down to more comfortable levels, even as the headline index masks deeper losses across the broader market, according to 3P Investment Managers. While the Nifty has declined around 15 per cent from its 52‑week high, the fall in small‑ and mid‑cap stocks has been far…
Shares of Larsen and Toubro (L&T) Ltd. declined on Tuesday, April 7, as brokerage firm JM Financial cut its price target by 6%. JM Financial has maintained its “buy” rating on L&T but has cut its price target to ₹4,380 per share from ₹4,655 apiece. This still implies 17.5% upside potential from its previous close….
Jewellery retailers delivered a strong set of fourth‑quarter business updates despite a sharp correction in gold prices from record levels, underscoring resilient consumer demand and robust wedding‑led buying. Gold has corrected nearly 26 per cent from its all‑time high of Rs 2,02,984 hit on January 29 to around Rs 1,50,474 currently, while spot gold prices…
Anupam Tiwari, Head of Equity at Groww Mutual Fund, expects a strong current quarter with limited impact from oil shocks so far, but flags risks from the next quarter onward. He remains positive on premium consumption, NBFCs, manufacturing exports and capex, while adding IT and premium real estate after corrections. He believes market fears may…
