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Wall Street is now using the 'NACHO' acronym, meaning 'Not A Chance Hormuz Opens,' as the Strait of Hormuz remains closed, impacting oil prices and market sentiment. This follows the 'TACO' acronym ('Trump Always Chickens Out') which emerged amid previous US-Iran tensions. Despite ongoing conflict in the Middle East disrupting shipments, White House spokesperson Kush Desai dismissed the 'NACHO' narrative.
Indian stock markets experienced a second consecutive day of losses, with the Sensex and Nifty 50 falling over 0.6% each due to escalating Iran-US tensions. The Sensex closed down 516 points at 77,328, and the Nifty 50 dropped 150 points to 24,176. Meanwhile, the smallcap index bucked the trend, closing in the green and outperforming the benchmarks.
Hyundai Motor India Q4 Results: Hyundai Motor India reported a 23% year-on-year decline in net profit to Rs 1,221 crore for the March-ended quarter, despite a 5% rise in revenue to Rs 18,452 crore. The company achieved its highest-ever quarterly domestic sales and plans to launch two new models in FY27, alongside a significant manufacturing capacity expansion.
Kalyan Jewellers India announced strong financial results for the March quarter of FY26. Net profit more than doubled to Rs 409.5 crore. Revenue from operations surged 66.2% to Rs 10,274.9 crore. EBITDA also saw significant growth. The company recommended a final dividend of Rs 2.50 per equity share. International operations and the Candere platform also performed well.
State Bank of India shares dropped 7% after the bank reported margin pressure and weaker operating performance in its March quarter earnings. Net interest margins contracted year-on-year and sequentially, while net interest income declined quarter-on-quarter. Operating profit also saw a fall compared to previous periods.
Steve Case, AOL co-founder, asserted that real success comes from building and achieving through effort, not just dreaming. He highlighted the necessity of execution and discipline in realizing ideas.
A Delhi consumer commission has directed a transport service provider to pay ₹64,000 in compensation after a bus hired for a wedding barat allegedly broke down midway, leaving the procession stranded late at night.
Midcap companies emerged as the strongest performers in the March quarter earnings season, with profit growth outpacing both largecaps and smallcaps, according to MOFSL. Strong contributions from BFSI, technology and utilities supported performance, while analysts cautioned that volatility linked to West Asia tensions and elevated commodity prices may persist.
West Bengal CM announcement LIVE: Catch all the latest updates on the BJP’s chief ministerial race, key contenders, and frontrunner developments as India awaits the announcement of West Bengal’s next chief minister after Mamata Banerjee.
TN Government Formation News LIVE: A DMK spokesperson ruled out the possibility of an alliance with its rival AIADMK, and hinted at the party's wait-and-watch strategy. Stay tuned to the LIVE blog for all the latest updates,
Global markets, led by tech stocks, have reached record highs fueled by AI enthusiasm. Investor Paul Tudor Jones likens AI's current stage to Microsoft's early dominance and the internet's commercialization, predicting another year or two of growth. However, he warns of a significant market downturn akin to the dot-com bubble's aftermath.
SBI Q4 Results: State Bank of India reported a 6% year-on-year rise in standalone net profit to Rs 19,684 crore for the fourth quarter, exceeding analyst expectations. The bank also declared a dividend of Rs 17.35 per share. Despite a decline in operating profit, asset quality improved with a lower Gross NPA ratio.
Titan Q4 Results: Titan Company reported a robust 35% growth in net profit for Q4FY26, reaching Rs 1,179 crore, driven by a strong performance in its jewellery segment. The company's total income surged by 46% to Rs 20,300 crore. Titan's Board also recommended a dividend of Rs 15 per equity share.
Midcap stocks are showing sharp divergence despite headline indices staying resilient. Several names have corrected 35 to 50 percent from their 52-week highs, signalling underlying weakness. The list highlights key laggards across sectors, even as the Nifty Midcap 150 hovers near record levels, indicating selective pressure in the broader market.
India's valuation gap with Asian peers persists due to declining earnings estimates across all sectors, a stark contrast to Korea and Taiwan where surging EPS forecasts have made rallies cheaper. Veteran investor Manishi Raychaudhuri highlights this as the market's biggest problem, warning of potential geopolitical risks impacting North Asian earnings.
Technology investor SoftBank Group fell 4.56% to drag the Nikkei lower the most after the U.S.-listed shares of Arm Holdings tumbled overnight on smartphone market weakness and AI chip supply concerns.
Vikram Solar shares fell sharply on Friday as Q4 margins contracted sharply, even though profit rose 21% year-on-year. Revenue grew 22% and EBITDA improved modestly, but a 300-bps margin decline weighed on sentiment. Despite strong FY26 growth, near-term cost pressures from China’s policy changes could affect pricing.
