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INR recovers under Rs 95/$ mark as oil plunges; Nifty, Sensex stage a sharp recovery
The Indian rupee appreciated 61 paise to close at 94.57 (provisional) against the US dollar on Wednesday, as Brent crude prices retreated from elevated levels under USD 100 per barrel after US President Donald Trump hinted at a possible deal with Iran. Market sentiment was boosted after Trump paused "Project Freedom," a US operation to escort ships through the Strait of Hormuz. Indias BSE Sensex rose 1.2% to close at 77,958.5 on Wednesday, an over two-week high as global market sentiment improved following a drop in crude oil prices after US President Trump claimed progress in negotiations with Iran toward an agreement to end the war. Meanwhile, DXY slipped 97.53, the lowest since February 2026. Over the past 4 weeks, Dollar Index lost 2.22%, and in the last 12 months, it decreased 1.98%.
J&K Bank profit jumps 36% as asset quality and growth improve
Jammu & Kashmir Bank reported a 36% rise in Q4 profit with improved asset quality and higher operating profit. Annual profit hit a record high, while advances and deposits grew steadily, supported by focus on retail, MSME and agriculture lending.
INR falls near record low levels hurt by elevated oil prices
The Indian rupee depreciated 14 paise to close near its all-time low at 94.82 (provisional) against the US dollar on Wednesday, pressured by rising crude oil prices, hovering well above $100 per barrel, and continued foreign capital outflows. Brent crude prices climbed toward $115 a barrel today, hitting a four-year high on mounting uncertainty around global supply amid the prolonged closure of the Strait of Hormuz. Elevated crude oil price is likely to sharply impact India's import costs, while the ongoing West Asia crisis and concerns over potential wider conflict are fuelling investor anxiety. Meanwhile, Indian shares rose notably on Wednesday despite mixed cues from global markets and growing anxiety over surging energy prices, capping downside in the counter. Sensex settled 609.45 points (0.79%) higher at 77,496.36 while Nifty 50 advanced 181.95 points (0.76%) to close at 24,177.65. Investors are also awaiting cues from the upcoming US Federal Reserve policy decision as dollar ..
Smallcap stocks head for best month in 12 years, outpace Nifty since Iran war
India’s smallcap stocks are posting their best monthly gain in 12 years, driven by improved earnings outlook and attractive valuations after correction. Despite geopolitical risks and largecap weakness, retail investors are returning, signalling risk appetite and confidence in earnings recovery.
What war? Smallcap stocks defy Middle East tensions with up to 56% gains in 2 months as Nifty slides
Despite Middle East tensions and a sliding Nifty50, India's smallcap stocks have surged up to 56% in two months. While institutional desks warn of elevated valuations and earnings risks, domestic retail investors appear to be betting on a swift resolution to geopolitical concerns, driving this market divergence.
PNB Housing Finance share surge 11% after margins expand, asset quality improves in strong Q4
Affordable and emerging markets remained key growth drivers and together they contributed a meaningful share of both the retail portfolio and retail disbursements. This is the best single-day gain for shares of PNB Housing Finance in two years.
PNB Housing Q4 Results | Net profit up 14% on high retail disbursements; declares dividend
NII rose 8.2%, while asset quality, return on assets improved. The board recommended a dividend of ₹8 per equity share of face value ₹10 for FY26. Shares of PNB Housing Finance Ltd ended at ₹905.80, down by ₹18.60, or 2.01%, on the BSE today, April 20.
Sensex soars 1,264 pts, Nifty above 24,200 on oil slide and US-Iran optimism
The headline equity benchmarks surged on Wednesday, tracking firm cues from other Asian markets amid renewed optimism over the resumption of US-Iran peace talks. Sentiment strengthened as crude oil prices slipped decisively below the $100 per barrel mark, while the rupee appreciated against the US dollar, supported by softer crude and a weaker greenback. The Nifty closed firmly above the 24,200 level, led by strong buying in consumer durables and IT stocks.
Madhusudan Kela picks beaten-down smallcap bets; buys Indiabulls, Simplex Infra in Q4
Ace investor Madhusudan Kela has bought stakes in Indiabulls Limited and Simplex Infrastructures Limited. These companies have seen recent underperformance. Kela's move signals a contrarian investment strategy. His portfolio includes other companies like Kopran and Bombay Dyeing. This selective accumulation in beaten-down stocks is a key highlight.
INR settles lower amid lingering geopolitical uncertainties; RBI measures help retain support near 3-week high
The Indian rupee pared initial gains and settled for the day 24 paise lower at 92.76 (provisional) against the US dollar on Friday, weighed down by risks from rising global tensions, especially the US-Iran conflict. Rupee witnessed high volatility as the deadline for the RBI's instructions to banks to curb their overnight positions to USD 100 million closes on Friday amid heightened geopolitical uncertainty. At the interbank foreign exchange market, the rupee opened at 92.58 against the US dollar, then lost ground to touch an intra-day low of 92.76 against the greenback. It also hit the day's high of 92.41 during the session. Indian shares rallied on Friday in a broad market rally even as fresh Israeli strikes on Lebanon cast doubt over the durability of the fragile U.S.-Iran ceasefire. The Sensex closed at 77,550.25 and the Nifty 50 ended at 24,050.60.
CreditAccess Grameen shares rocket 10% after strong Q4 business update, disbursements jump 28% YoY
CreditAccess Grameen shares surged after reporting strong FY26 disbursement growth and robust Q4 performance. The company posted steady portfolio expansion, improved asset quality, and sharp profit growth in Q3. Rising retail contribution and borrower additions signal sustained momentum, despite past stress in the microfinance sector.
Dow Jones ends rangebound session near day's high as markets remain in wait-and-watch mode
Most of the other asset classes barely budged on Monday, with the US Dollar index remaining at 100, no significant price action seen in gold and silver, while crude oil prices continued to hover between the $110 to $112 a barrel mark, having recovered the initial losses on reports of a potential ceasefire.