Market News

S&P Sees India's Growth Slowing To 6.6% In FY27, Stresses Viksit Bharat Reforms

India's GDP growth is projected to moderate to 6.6% in the current fiscal from the earlier estimated 7.1%.

Dalal Street poised for strong start as GIFT Nifty hints at robust gap-up opening

Indian stock markets faced pressure due to firm crude oil prices. The Nifty index remained below a key technical level for eight days, signaling a bearish trend. However, technical indicators suggest a potential recovery from current levels. Volatility eased slightly, offering some support. Foreign investors were net buyers, while the Indian Rupee touched a record low.

Premiumisation to help sustain strong volume, revenue growth: Marico MD

Marico MD and CEO Saugata Gupta stated that large consumer goods companies are better positioned than smaller rivals to handle current market volatility. He anticipates supply shocks and inflation cycles will widen this gap, even as demand remains steady.

It's History! Smallcaps could build on big gains last month

The Nifty Smallcap 100 index surged 18.4% in April, its third-highest monthly gain since inception. Historical data suggests this could lead to further gains over the next 12 months, though elevated valuations present a potential cap on upside. Experts remain positive on small caps for an 18-24 month view, but caution that current valuations are richer than in prior episodes.

USD vs INR: Indian Rupee may depreciate to 96 per US dollar amid rising crude oil prices, global risk

The Indian rupee fell 20 paise to 95.43 against the US dollar amid geopolitical tensions and rising Brent crude prices, impacting oil-importing nations. Experts warn that prolonged currency weakness could worsen India's current account deficit and trigger further capital outflows.

ICICI Bank Share Price Live Updates: ICICI Bank's Current Price and Market Performance

Bajaj Finserv Share Price Live Updates: Bajaj Finserv's Current Trading Price

Adani Cement eyes measured growth, defers ambitious FY28 targets

Adani Cement is prioritizing increased utilization of its current facilities. The company will focus on optimizing existing capacities. Capital expenditure plans may be adjusted. The CEO indicated a potential shift in targets to FY30. This strategy aims to leverage existing assets effectively. Adani Cement currently has a production capacity of 109 million tonnes.

BHEL Dividend Alert: FY26 Final Payout Tops Estimates — Check Yield, Record Date Update And More

At BHEL's current share price of Rs 362.30, the dividend implies a yield of about 0.4%.

Markets may stay range-bound; rising oil, inflation risks could cap upside: Kotak’s Pratik Gupta

Pratik Gupta, CEO and Co-Head at Kotak Institutional Equities said mid- and small-caps have already rebounded and are no longer cheap. In the current environment, he prefers large-cap stocks, which are better positioned to handle economic volatility.

Punjab & Sind Bank aims to cross total business milestone of Rs 3 lakh cr in FY27

Punjab & Sind Bank is targeting a significant milestone of Rs 3 lakh crore in total business by the end of the current financial year. This ambitious goal is driven by expected loan growth and deposit expansion. To fuel this expansion, the bank plans to raise substantial funds through equity and debt issuances.

Indian Bank Q4 profit rises 5% to Rs 2,956 crore

Indian Bank announced a 5% increase in net profit for the fourth quarter. The bank saw its operating profit rise and its gross and net non-performing assets fall significantly. Despite challenges foreseen in treasury operations due to global events, the bank projects steady growth in advances for the current fiscal year. Deposits also showed robust growth.