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US-Iran war LIVE: Trump indefinitely pushed back the end of the two week truce to provide more time to Iran's ‘fractured’ leadership to form a proposal.
Morgan Stanley has maintained an Overweight rating on PNB Housing Finance with a target price of ₹1,160, implying a potential upside of around 28% from the current market price of ₹905.
The Oil & Petroleum Ministry said domestic LPG supply remains stable, with no dry-outs reported at distributorships. Commercial LPG availability has been raised to around 70 per cent of pre-crisis levels.
The IMD has issued a heatwave alert for Punjab, Haryana, and Uttar Pradesh until April 24, with additional warnings for Delhi, Bihar, and others. Hot and humid weather is expected in various states, along with a gradual rise in temperatures across central India.
Brent crude futures were down 21 cents, or 0.2%, at $98.27 a barrel at 0039 GMT, after touching $99.38 earlier in the session. West Texas Intermediate futures fell 28 cents, or 0.3%, to $89.39, after climbing as high as $90.71.
On the policy front, Federal Reserve nominee Kevin Warsh's comments at a Senate confirmation hearing were interpreted as slightly hawkish, while strong retail sales data provided an upbeat view on the strength of the American economy.
U.S. stock futures rose and the dollar wavered after President Trump announced an indefinite extension of the Iran ceasefire, buoying market sentiment. Despite the Strait of Hormuz remaining closed, oil prices held onto recent gains. Markets took the news in stride, with risk momentum intact as global markets rebound to pre-war levels.
Indian markets experienced a strong session on Tuesday, with the Nifty rising nearly 1% driven by positive global sentiment, robust Q4 earnings, and easing crude prices. Volatility also saw a significant pullback. Investors are now keenly watching the second round of US-Iran talks, with hopes for progress despite elevated tensions.
The West Asia conflict has accelerated INR depreciation, necessitating a rethink of India's economic fundamentals. Short-term measures include raising domestic interest rates and equalizing onshore tax regulations for asset classes. Longer-term, building world-class universities, encouraging local tourism, and potentially redesigning the INR symbol are proposed to foster resilience and economic growth.
The four-member expert committee on settlement orders is chaired by Jai Narayan Patel, former chief justice of the Calcutta High Court. The other members are N Venkatram, country chair of Canadian pension fund CDPQ; SK Mohanty, former Sebi member; and Sarit Jafa, former deputy comptroller and auditor general.
HCLTech's revenue growth guidance for FY27 is significantly lower than the actual FY26 growth, implying the effect of growing dependence of clients on operating efficiencies driven by ever rising capabilities of the artificial intelligence (AI) models and agents. HCLTech estimates a deflation or reduction of 2-3% in revenue from traditional IT services (non-AI based) per annum driven by the AI disruption.
