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India faces a strong El Niño, threatening below-normal rainfall and impacting agriculture. While rural-linked sectors like two-wheelers and FMCG may see a slowdown, demand for thermal power and cooling products is expected to rise. Export-oriented IT and pharma, along with utilities, are likely to remain resilient.
Gold and silver opened lower on MCX amid rising crude oil prices near $110 per barrel, fuelling inflation concerns and rate outlook uncertainty. Geopolitical tensions in the Strait of Hormuz added to volatility. Analysts expect range-bound trading with key support and resistance levels guiding near-term strategy across bullion markets.
Iran detained India bound vessel Epaminondas and took several seafarers in custody including one Indian as the container ship tried to exit Strait of Hormuz. Indian Shipping Ministry issued a statement suggesting that all seafarers in Iran's custody are safe.
Infosys shares fell despite strong Q4FY26 results, as investor sentiment remained cautious. The company reported a 21% YoY rise in net profit to Rs 8,501 crore and a 13.4% increase in revenue to Rs 46,402 crore. Sequentially, profit jumped 28% while revenue saw a modest 2% uptick. Meanwhile, Infosys ADRs also declined 4%, reflecting muted market reaction.
Indian stock markets extended losses for a third consecutive session, with Sensex and Nifty declining due to escalating Iran-US tensions and rising oil prices. Broader markets, however, continued to outperform, while IT stocks like Infosys saw significant drops following weak Q4 earnings. Foreign investors remained net sellers, further weighing on sentiment.
Two prominent IPOs from Tata Technologies and Bajaj Housing Finance have seen significant investor wealth erosion, losing nearly 50% from their listing highs. Tata Technologies faced challenges due to client concentration, while Bajaj Housing Finance experienced a valuation correction amidst a tougher financial environment. Both companies' initial strong performances have been tempered by evolving market realities and operational factors.
Indian Energy Exchange (IEX) reported robust Q4 FY26 results with an 11% profit rise to Rs 130 crore, fueled by record electricity volumes. The company also declared a Rs 2 per share final dividend. Despite recent stock dips, IEX achieved double-digit growth for the full fiscal year, though market coupling concerns linger.
Foreign institutional investors have been consistently selling shares in 146 Indian companies for four consecutive quarters. This selling spree spans various sectors and market caps, with some stocks experiencing significant value erosion while others have delivered gains despite FII exits. The trend raises questions for retail investors about potential warnings or contrarian opportunities.
Sterling and Wilson Renewable Energy posted strong Q4FY26 earnings with net profit rising sharply year-on-year, despite a decline in revenue. Cost optimisation and improved execution supported profitability, while order book strength and diversification into wind and BESS segments provide long-term visibility. The stock has recently rallied despite longer-term weakness.
Futures open interest rose over nine percent across five NSE stocks including Mphasis, Force Motors, Hindustan Zinc, Motilal Oswal and Bharat Forge, indicating increased trader participation and fresh positions.
Tata Capital reported a robust 43% year-on-year surge in net profit to Rs 1,502 crore for Q4 FY26, alongside a 9% revenue growth. The company highlighted significant AI integration across its operations, enhancing risk management and operational efficiency, leading to improved cost-to-income ratios and reduced credit costs.
India has advised its nationals against traveling to Iran by air or land due to ongoing regional tensions affecting flight operations. The Indian Embassy urged citizens in Iran to leave through designated border routes and provided emergency contact information.
US Iran war LIVE Updates: Trump this week extended a ceasefire to give the Iranian leadership more time to come up with a “unified proposal” on ending the war, while maintaining an American blockade of Iranian ports.
Six stocks from the Nifty500 universe appeared on the White Marubozu bullish scan on April 23, indicating strong buying interest throughout the session. The pattern signals sustained bullish momentum and positive sentiment, highlighting potential trend continuation and short-term trading opportunities in stocks showing strong intraday price strength.
Four stocks from the Nifty500 universe that gained over 3% were identified using the RSI Trending Up scan on April 23. The signal occurs when RSI crosses above 50 from lower levels, indicating strengthening momentum, improving sentiment, and potential short-term buying opportunities in stocks showing early signs of technical strength.
Navy Secretary John Phelan was fired after conflicts with senior Pentagon leadership regarding shipbuilding, as confirmed by President Trump. Phelan's dismissal reflects ongoing tensions in the military amid a ceasefire with Iran and increasing naval presence in the Middle East.
Oil prices surged for a fifth consecutive day, fueled by escalating Middle East tensions. Iran's actions in the Strait of Hormuz and reports of air defense engagement have heightened concerns. Analysts predict further price hikes if U.S.-Iran negotiations falter, with potential for Brent crude to reach $150 per barrel amid supply disruptions.
Mehul Telecom's IPO, despite a 45-fold subscription, shows a muted grey market premium of around 4%. Investors anticipate modest listing gains for the mobile retail chain, which operates primarily in Gujarat. While the company has seen revenue growth, thin margins and intense competition pose challenges for future scaling and profitability.
Property Share Investment Trust's PropShare Celestia REIT is facing a flat listing. The small and medium REIT issue saw muted subscription. Demand came from non-institutional investors. Institutional participation was weak. The offering provides exposure to income-generating commercial real estate. A high ticket size restricts participation. Investors expect steady income rather than short-term gains.
