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Mcap of four of top-10 most valued firms surges by Rs 2.20 lakh cr; Reliance biggest winner
The week began on a positive note, supported by easing geopolitical tensions and steady progress in Q4 earnings, which lifted initial sentiment, he said.However, gains were gradually capped by rising crude oil prices, weak cues from Asian markets, and persistent foreign institutional investor (FII) outflows, Mishra added.
Microcap stocks steal show in April, outpace, Nifty, smallcap, midcaps, largecaps. What’s driving the surge?
Indian equities surged in April 2026, led by strong gains in mid, small, and microcaps despite persistent macro risks, foreign outflows, and currency weakness. Market performance diverged from fundamentals, which remained stable, suggesting price-driven momentum rather than earnings-led improvement across segments.
Oil shock to last longer, Fed rate cuts unlikely in near term: Jahangir Aziz
Jahangir Aziz, Co-head of Macroeconomic Research at JPMorgan, pushes back against expectations of imminent rate cuts, arguing that persistent inflation risks and stable labour markets leave little room for easing in 2026. Instead, he sees a higher probability of policy staying on hold—or even tightening—unless a significant economic shock forces a shift.
AI wave exposes ‘structural cracks’ in Indian IT; Envision Capital’s Nilesh Shah warns of slow pivot
Nilesh Shah and Sumeet Jain warn AI is exposing structural weaknesses in India's IT services, favoring firms like Persistent Systems and Coforge with stronger AI driven growth
Sensex dives 850 pts, Nifty slips below 24,200 amid oil shock and weak global cues
The equity benchmark indices Sensex and Nifty tumbled on Thursday, extending losses for a second straight session. Firm crude oil prices and ongoing geopolitical tensions rattled sentiment. Brent crude surged for the fourth consecutive day to around $103 per barrel amid uncertainty over US-Iran talks and fresh concerns around the Strait of Hormuz. Weak Asian cues and persistent foreign fund outflows deepened the sell-off. The Nifty slipped below the 24,200 mark, dragged by auto, PSU banks and consumer durables stocks, while pharma and healthcare shares saw selective buying. Investors stayed cautious, closely tracking the ongoing Q4 earnings season for further triggers.
Havells India ends FY26 on a weak note; will FY27 be any better?
Havells India capped off a weak FY26 with a 6% dip in Q4 Ebitda, driven by persistent losses in its Lloyd appliance division and rising input costs. Despite strong demand for industrial cables, analysts are trimming EPS estimates as the company faces a steep climb toward margin recovery in FY27.
Tata Teleservices Q4 Results: Co reports profit of Rs 581 crore vs loss a year ago
Tata Tele Services has marked a noteworthy achievement with a fourth-quarter profit of Rs 581 crore, driven by remarkable exceptional items. While revenue from operations took a hit, the company’s operating profit margin saw a noticeable improvement. Nonetheless, the persistent burden of heavy interest payments remains a challenge to profitability.
HCL Technologies Ltd leads losers in 'A' group
Hexaware Technologies Ltd, Transformers & Rectifiers India Ltd, Tata Elxsi Ltd and Persistent Systems Ltd are among the other losers in the BSE's 'A' group today, 22 April 2026.
Vedanta upside intact over 2–5 years; midcap IT better placed than large peers: Deven Choksey
Deven Choksey, MD of DRChoksey Finserv Private Limited, says IT remains in transition as large players shift toward AI-led, outcome-based models, while mid-tier firms like Persistent and Tata Elxsi stay better placed. He sees housing finance improving on write-backs and growth, and remains positive on AMCs amid rising AUM flows. Insurance growth stays steady, while engineering names face margin volatility. On Vedanta, he believes the demerger keeps the 2–5-year value story intact.
Persistent Systems shares shed over 4% after Q4 results: Here's what Nomura and other brokerages said
Persistent Systems shares fell up to 4% after Q4 results despite reporting strong earnings growth. Net profit rose nearly 34% YoY to Rs 529 crore for the March quarter, while FY26 profit climbed over 33% to Rs 1,865 crore. However, some brokerages cut estimates, weighing on sentiment and dragging the stock lower.
Persistent Systems shares fall up to 5% after analysts cut targets citing rich valuations
Persistent Systems now expects to achieve a $2 billion annualised revenue run-rate by Q4FY27, while guiding for EBIT margins in the 16-17% range over the next two years.
Stocks to Watch for April 22: HCLTech, Persistent systems, Trent, Tata Elxsi and more
From HCLTech reporting Q4FY26 results and declaring a ₹24 interim dividend to Tata Elxsi posting strong sequential growth, here are stocks to watch ahead of Wednesday’s session, including BEML, Trent, JSW Energy and more.