tock Market today | Share Market Highlights - The benchmark BSE Sensex ended down 0.91% to 76,847.57, while the broader NSE Nifty 50 index declined 0.86% to 23,842.65, tracking losses across Asia as oil surged above $100 a barrel ahead of the US blockade of Iran ports after weekend talks between the two countries failed to yield a deal to end the war. The rupee dropped 0.7% versus the US dollar to 93.38, as oil prices raced past $100 per barrel, while supportive dollar flows for the currency spurred by banks’ unwinding of arbitrage positions dissipated.
Highlights:
Sensex ends down 773 pts (1%) at 76,776
Nifty ends down 226 pts (0.94%) at 23,823
- The rupee closed at 93.3750 per US dollar, down 0.7% on the day, its sharpest decline since March 27.
- April 13, 2026 16:01
Forex
Rupee falls most in two weeks as oil spikes on US move to blockade Iran ports
The Indian rupee endured its steepest fall in two weeks on Monday, as oil prices climbed past $100 per barrel, while supportive dollar flows for the currency, spurred by banks’ unwinding of arbitrage positions, dissipated.
Rupee falls most in two weeks as oil spikes on US move to blockade Iran ports
The rupee declines sharply as oil prices surge following the U.S. blockade on Iran, impacting Indian financial markets.
- April 13, 2026 15:56
Stock down
Pakistan Stock Exchange plunges 5,000 points after US-Iran talks fail
Pakistan Stock Exchange (PSX) plunged over 5,000 points on Monday after the US-Iran peace talks in Islamabad ended without any breakthrough.
Pakistan Stock Exchange plunges 5,000 points after US-Iran talks fail
Pakistan Stock Exchange falls over 5,000 points as US-Iran talks fail, oil prices surge and geopolitical tensions trigger panic selling among investors.
- April 13, 2026 15:50
NSE
NSE gets MCA approval to set up National Coal Exchange of India
National Stock Exchange (NSE) on Monday said it has received approval from the Ministry of Corporate Affairs (MCA) to reserve the name “National Coal Exchange of India Limited” for its proposed coal exchange.
NSE gets MCA approval to launch National Coal Exchange of India
NSE secures MCA approval for National Coal Exchange of India, plans Rs 100 crore investment to build a transparent coal trading platform and improve efficiency.
- April 13, 2026 15:50
Stock market
Systematix Corporate Services board has made Investment through rights issue in its Wholly Owned Subsidiary i.e. Shares and Stocks (India) Limited aggregating to ₹35 crore.
- April 13, 2026 15:50
Aqylon Nexus gets greenlight for UAE subsidiary
Aqylon Nexus board approved the proposal for incorporation of a Wholly Owned Subsidiary Company (100% ownership) at Ras Al Khaimah Economic Zone Authority, United Arab Emirates (UAE), under the name and style of Aqylon Nexus Holding LLC or such other name as may be approved by the appropriate authorities
- April 13, 2026 15:49
Industry update
Alkem Laboratories Limited has informed the Exchange about incorporation of Wholly Owned Subsidiary of the Company in Dubai, UAE.
- April 13, 2026 15:49
Stock market
Riyank Arora, Associate Vice President – HNI & Derivatives, Hedged.in: on market closing
It was a mildly positive session today, with markets consolidating near higher levels after the recent strong rally. Nifty closed at 23,816, holding firmly above the 23,700 mark, indicating that the bullish structure remains intact despite some intraday volatility. The index continues to trade in an uptrend, with immediate support placed around 23,700 – 23,500, which is expected to act as a strong cushion on any dips.
Sensex also reflected a similar tone, closing at 76,787, sustaining comfortably above its key support zone of 76,500 – 75,800. The overall sentiment remains positive, supported by steady buying interest, although some profit booking was visible at higher levels.
Overall View: The trend continues to remain bullish. Any short-term consolidation or minor pullbacks should be considered as buying opportunities as long as key support levels are maintained.
- April 13, 2026 15:48
Stock down
Closing Bell: All sectoral indices closed in red, Nifty Auto emerged as the major laggard
Sensex ended 702.68 pts or 0.91% lower at 76,847.57, and Nifty 50 depreciated 207.95 pts or 0.86% to 23,842.65. All sectoral indices closed in red, Nifty Auto emerged as the major laggard. Market will be closed tomorrow, on account of Dr. B.R. Ambedkar Jayanti.
- April 13, 2026 15:43
Forex
Rupee weakens 56 paise to settle at 93.39 (provisional) against US dollar.
- April 13, 2026 15:38
Industry update
LKP Finance said the Ministry of Corporate Affairs approved its name change to Gyftr Limited, following its strategic consolidation and complete exit from the NBFC business.
LKP Finance Limited has officially completed its corporate transformation into a platform-driven digital payments ecosystem by securing regulatory approval from the Ministry of Corporate Affairs (MCA) to rebrand as Gyftr Limited. The Registrar of Companies has issued a fresh Certificate of Incorporation to formalize this milestone, aligning the listed company’s public market identity with its operating business.
Having completely surrendered its non-banking financial company (NBFC) license and entirely ceased its traditional lending activities, the newly minted entity now operates exclusively at the intersection of digital payments, loyalty, and branded currencies.
This corporate name change is the culmination of a strategic transaction in which LKP acquired a 22 per cent stake in Mufin Pay, which owns the digital gifting platform Gyftr in its entirety. As part of this corporate restructuring, the company has completely surrendered its non-banking financial company (NBFC) license to pivot entirely away from traditional lending. Aligning with this new strategic direction, the newly renamed listed entity will leverage MufinPay’s existing Prepaid Payment Instrument (PPI) license to create an end-to-end platform for digital gifting
“The official MCA approval to rename our listed entity to Gyftr Limited is a definitive milestone that aligns our corporate identity with our strong market recognition,” said Kapil Garg, Promoter and Managing Director. “With this framework, we are well positioned to establish a scalable, compliant financial platform that benefits both businesses and consumers, allowing us to build long-term value throughout the $40 billion ecosystem.”
- April 13, 2026 15:29
Stock market
Market analysis by Gaurav Udani, Founder - Thincredblu Securities
Nifty witnessed a volatile session, dipping to an intraday low of 23,555 before recovering to close around 23,830, down nearly 220 points. The recovery from lower levels indicates buying interest emerging near support, helping the index trim a significant part of its losses.
Despite the negative close, the ability to bounce back suggests that the downside is being absorbed, keeping the broader structure intact for now.
Technically, the 23,500–23,600 zone remains a crucial support area, which has once again held firm. On the upside, 24,000–24,100 will act as immediate resistance, and the index needs to reclaim this zone for a stronger recovery.
The overall setup points towards a range-bound and volatile market, driven largely by global developments.
Traders should remain cautious, avoid aggressive positions, and focus on reacting to key levels as the market continues to search for direction.”
- April 13, 2026 15:28
Stock down
Jyoti CNC shares slump 16% after France probe into subsidiary
Shares of Jyoti CNC Automation tumbled 16 per cent on the NSE to ₹691.90 on Monday, down from the previous close of ₹819.20, after the company disclosed an investigation involving its French subsidiary.
Jyoti CNC shares slump 15% after France probe into subsidiary
Jyoti CNC shares plunge 16% after investigation into its French subsidiary Huron Graffenstaden SAS for alleged export violations.
- April 13, 2026 15:28
Industry update
Mankind Pharma to wind up Sri Lanka subsidiary amid regulatory hurdles
Mankind Pharma board approved the closure/winding-up of Mankind Pharma Lanka (Private) Limited (“WOS”), a wholly owned subsidiary company incorporated in Sri Lanka, as due to changed regulatory requirements, the anticipated business objectives are no longer viable.
- April 13, 2026 15:26
Goldiam International launches ORIGEM lab-grown diamond store in Mumbai
Goldiam International has commenced operations of a new retail store for lab-grown diamond jewellery under the brand name “ORIGEM” situated at Malad (West), Mumbai, in place of the Borivali store. The new location has been strategically selected considering better footfall and business potential.
- April 13, 2026 15:25
Stock market
The Indian stock market will be closed tomorrow, April 14, 2026, to observe Dr. B.R. Ambedkar Jayanti
- April 13, 2026 15:25
Stock market
Nayasa Homeware signs Unicommerce to boost online operations; Unicommerce Esolutions stock traded at ₹91.33 on the NSE.
- April 13, 2026 15:24
Industry update
Gartner Predicts 25% of all enterprise GenAI applications will experience at least five minor security incidents per year by 2028
By 2028, 25% of all enterprise generative AI (GenAI) applications will experience at least five minor security incidents per year, up from 9% in 2025, according to Gartner, Inc., a business and technology insights company.
As organizations continue to build and integrate agentic AI applications using technologies such as Model Context Protocol (MCP), new attack vectors and immature security practices will significantly elevate risk exposure.
“MCP was built for interoperability, ease of use and flexibility first, so security mistakes can manifest without continuous oversight for agentic AI,” said Aaron Lord, Sr. Director Analyst at Gartner. “Because of this, the rate of minor security incidents within GenAI applications is set to grow at an increased rate. We will eventually see 15% of all enterprise GenAI applications experience at least one major security incident per year by 2029, up from 3% in 2025.”
As enthusiasm for frameworks like MCP grows, software engineering leaders must be prepared for the security realities that follow, ranging from data exposure incidents to vulnerabilities lurking in widely used third‑party components. Protecting against these risks requires establishing rigorous security review processes, prioritizing low‑risk use cases, mitigating known threat‑patterns, and empowering domain experts to define guardrails that keep agentic AI both powerful and safe.
MCP’s design optimizes interoperability and developer speed, not security enforcement by default, which means missteps can surface through ordinary usage. This can happen especially where agents can access sensitive data, ingest untrusted content, or communicate externally in the same flow. Software engineering leaders should treat any use case that combines those three factors as a “no‑go zone” due to heightened exfiltration risk.
- April 13, 2026 15:23
Industry update
Val-Met Engineering secures ₹200 Crore led by Nuvama Crossover Opportunities Funds
Val-Met Engineering, a specialized supply chain management company focused on aerospace, defence, and space-grade raw materials, has announced that it has successfully closed its funding from Nuvama Crossover Opportunities Fund – IIIA, Nuvama Crossover Opportunities Fund - IIIB and Nuvama Crossover Opportunities Fund - 4A (cumulatively referred to as “Nuvama Crossover Opportunities Funds” & being schemes of Nuvama Private Investments Trust: SEBI registration number IN/AIF2/20-21/0858), which are part of Nuvama Group (NSE,NSE: NUVAMA), one of India’s leading wealth management companies.
With this investment, Val-Met Engineering aims to strengthen its sourcing network, expand inventory capabilities, enhance technological & processing infrastructure, and deepen relationships with domestic and global OEMs, suppliers and customers.
This is the first fund raiser for Val-Met Engineering and was led by Nuvama Crossover Opportunities Funds. It marks a strategic investment and a significant milestone in Val-Met Engineering’s growth journey, underscoring strong investor confidence in the company’s capabilities and long-term vision.
Commenting on the funds raised, Mr. P H Subramoni, Promoter and MD, Val-Met Engineering said, “Persistent supply chain constraints remain a key reason for the current industry backlog. This coupled with robust demand is creating a significant opportunity to position India as a strategic hub in the global supply chain of leading aerospace OEMs. Against the backdrop of strong, long-term growth outlined by major global aerospace players, our well‑established infrastructure, state-of-the-art capabilities, experienced team, long years of proven track record and robust systems uniquely position us to capitalize on this opportunity. Nuvama Private Equity’s investment will play a crucial role in supporting our growth journey and scaling our capabilities to meet the demand.”
- April 13, 2026 15:22
Lloyds Metals revolutionises mining: India's first diesel-to-electric excavator retrofit
In a path- breaking initiative, for India’s mining and engineering sector, Lloyds Metals and Energy (LMEL), has successfully completed the diesel-to-electric conversion of the Liebherr R996 excavator, making it the world’s first mining machine of this category to be retrofitted for fully electric, zero-emission operations.
This breakthrough reinforces India’s growing leadership in sustainable mining technologies and aligns with the country’s broader push towards decarbonisation and industrial innovation. The project, executed entirely by Lloyds in-house engineering and technology teams, involved a complete redesign of the excavator’s core systems, including custom power architecture, proprietary control systems, and advanced safety and digital monitoring solutions. The electrification enables the elimination of thousands of tonnes of CO₂ emissions annually, while also delivering improved operational efficiency and reduced dependency on diesel.
Speaking on the development, Mr. B Prabhakaran, Managing Director, Lloyds Metals and Energy (LMEL) said, “This landmark achievement, is not just about electrifying a machine—it is about reimagining the future of mining. At LMEL, we believe that responsible mining and sustainability must go hand in hand. This achievement demonstrates India’s capability to deliver world-class, zero-emission solutions in even the most complex and heavy-duty environments. We are proud to contribute to a future where mining is both productive and environmentally responsible.”
The initiative also stands as a strong validation of the Make in India vision, with all major subsystems engineered and sourced domestically, showcasing India’s capabilities in advanced heavy engineering and sustainable innovation.
- April 13, 2026 15:21
Stock market
Citius TransNet Investment Trust has fixed the price band of ₹ 99 – ₹ 100 per Unit for its Issue
Citius TransNet Investment Trust has fixed the price band of ₹ 99 – ₹ 100 per Unit for its Issue. The Issue of the Trust will open on April 17, 2026 for subscription and close on April 21, 2026.
The Gross Proceeds of the Issue are estimated to be ₹ 11,050.00 million. Out of the Net Proceeds from the Issue, up to ₹ 10,000.00 million is proposed to be utilized for partial or full acquisition (or as applicable, redemption) of securities of SRPL Roads Private Limited and certain identified project SPVs namely, Thrissur Expressway Limited, Jorabat Shillong Expressway Limited, Dhola Infra Projects Private Limited and Dibang Infra Projects Private Limited, and the balance for general purposes.
Citius TransNet Investment Trust (“Trust”), is a transport sector-focused infrastructure investment trust (“InvIT”), established with an objective to acquire, manage and invest in a portfolio of transport infrastructure assets, including roads, in India. It was settled by way of the Trust Deed, by the Sponsor, and registered as an InvIT with SEBI on August 1, 2025, in accordance with the provisions of the InvIT Regulations.
The sponsor of the Trust is Epic TransNet Infrastructure Private Limited (formerly known as Watrak Infrastructure Private Limited) ( “Sponsor”). The Sponsor is wholly-owned by the schemes of Infrastructure Yield Trust (that is, Infrastructure Yield Plus II, Infrastructure Yield Plus IIA and India Infrastructure Yield Plus II), an alternate investment fund managed by EAAA India Alternatives Limited (“EAAA”).
- April 13, 2026 15:20
Industry update
Enviro Infra Engineers Expands Maharashtra Footprint with ₹972 Crore Wastewater Projects Under SBM 2.0
Enviro Infra Engineers Limited (NSE: EIEL, BSE: 544290), a prominent EPC Player in Water & Waste-Water Treatment across PAN India, has secured two major projects worth approximately ₹972 crore from the Swachh Maharashtra Mission Directorate for the development of sewage treatment infrastructure across urban local bodies (ULBs) in Maharashtra under the Swachh Bharat Mission (Urban) 2.0.
The projects involve the design, engineering, procurement, and construction (EPC) of sewage treatment plants (STPs) along with extensive sewer networks and interception & diversion (I&D) systems across 306 ULBs with populations under one lakh.
In the Pune region, the company will develop 120.50 MLD of STP capacity, along with 209 km of I&D network and 887.20 km of sewer network, with a project value of ₹587.21 crore. Well as in the Nashik region, the scope includes development of 121.10 MLD of STP capacity, 105.50 km of I&D network, and 433.68 km of sewer network, valued at ₹384.98 crore. Both projects are to be executed within a period of 24 months.
These projects are part of Maharashtra’s broader push towards improving urban sanitation infrastructure and wastewater management under SBM 2.0, aimed at enhancing environmental sustainability and public health outcomes.
- April 13, 2026 15:08
Sensex traded 622.74 pts or 0.80% lower at 76,927.51, and Nifty 50 was down 204.40 pts or 0.85% to 23,846.20
- April 13, 2026 15:08
BEML Ltd has secured an export order of $36.38 million from West Asia
BEML Ltd has secured an export order of $36.38 million from Middle East region for the supply of heavy Earth Moving Equipment for infrastructure development applications.
Shares traded at Rs 1,616.60 on the NSE
- April 13, 2026 14:57
Akme Fintrade's credit ratings have been assigned and upgraded to ACUITE A
Akme Fintrade (India) Limited (“AFIL”), a Non-Banking Financial Company (NBFC), is pleased to announce that its credit ratings have been assigned and upgraded to ACUITE A- (Stable) assigned/upgraded across Bank Loans & NCDs aggregating ₹835 Cr, and ACUITE A2+ assigned for Commercial Paper of ₹20 Cr by Acuité Ratings & Research Limited
- April 13, 2026 14:55
Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells
Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells
Ola Electric launches the S1 X+ 5.2 kWh scooter at ₹1,29,999, featuring advanced Bharat Cell technology for broader EV accessibility.
- April 13, 2026 14:46
Reliance Jio and Bank of Baroda partner to launch 'bob World Lite' on feature phones, boosts digital inclusion
Reliance Jio and Bank of Baroda on Monday announced a partnership to launch ‘bob World Lite’, a mobile banking app designed specifically for feature phone users, on the JioPhone Prima 4G device, in a move aimed at expanding digital banking access across India.
The initiative aligns with the vision of the Government of India and the Reserve Bank of India to promote financial inclusion and make digital payments accessible to users beyond the smartphone ecosystem.
The ‘bob World Lite’ app has been developed to provide a comprehensive suite of everyday banking services on affordable feature phones, addressing the needs of millions of users in semi-urban and rural areas.
Unlike traditional mobile banking applications, the app is built with a lightweight, low-bandwidth architecture, enabling seamless usage with keypad navigation and secure access.
Under the partnership, the app will come pre-loaded on JioPhone Prima 4G devices and will be accessible directly from the home screen. Existing JioPhone Prima 4G users can also download the app through the JioStore. (ANI)
- April 13, 2026 14:39
India’s active LED display market hits ₹2,000 crore
India’s active LED display market hits ₹2,000 crore
Instead of looking at short term gains with low quality LEDs, large companies are moving toward long-term, high-uptime deployments where reliability, serviceability and lifecycle cost matter as much as upfront pricing
- April 13, 2026 14:29
NCL Industries approves the implementation of Phase 1 of of Solar and Wind Power project
NCL Industries board approved the implementation of Phase 1 of 50 MW (of a 130 MW project) of Solar and Wind Power at Tuticorin, Tamil Nadu at an estimated cost of Rs. 392 crore.
Shares flat on the NSE at Rs 183.
- April 13, 2026 14:21
Ola Electric informed exchanges on issuance of bailable warrant, the High Court of Bombay at Goa, has quashed and set aside the orders dated January 20, 2026
Ola Electric informed exchanges on issuance of bailable warrant,the High Court of Bombay at Goa, has quashed and set aside the orders dated January 20, 2026 and February 4, 2026 passed by the District Consumer Disputes Redressal Commission, South Goa. The High Court, inter alia, observed that the direction for personal appearance of the CEO was not warranted and that the Commission had exceeded its jurisdiction.
Ola also launched S1 X+ 5.2 Kwh With 4680 Bharat Cells
Shares traded at Rs 38.59 on the NSE, down 5.6%
- April 13, 2026 14:18
NCLT accepts SBI petition invoking Dhoot’s personal guarantee in Videocon default case
NCLT allows personal guarantee case against Videocon promoter Dhoot
NCLT accepts SBI's petition against Videocon promoter Dhoot for personal guarantee in a ₹6,158 crore loan default case.
- April 13, 2026 14:01
Ross Maxwell, Global Strategy Operations Lead, VT Markets
If we see a sustained move towards $150 per barrel on oil, this would trigger global inflation pressures, but it does not automatically mean there would be blanket rate hikes worldwide. Each central bank is faced with their own unique issues and would need to find a balance between tightening policy to contain inflation versus avoiding further damage to already slowing growth.
Economies heavily dependent on energy imports would be under more pressure from inflation issues, potentially prompting more hawkish stances, while others may tolerate higher inflation if recession risks are seen to be the bigger issue.
For investors, this environment complicates traditional safe-haven strategies. Gold’s recent decline despite geopolitical tensions has highlighted how a strong USD and higher real yields can outweigh its appeal as an inflation hedge. If interest rates remain elevated or rise further, non-yielding assets like gold may stay under pressure in the short term.
However, persistent geopolitical risk and inflation uncertainty still support a longer-term case for holding exposure to precious metals. Investors globally could diversify, balancing commodities, energy equities, and inflation-protected assets rather than relying solely on gold as a defensive play.
- April 13, 2026 13:48
Companies
PCMM Office, Patiala, has awarded Kernex Microsystems (India) a Rs 67.53-crore order for the supply, installation, testing and commissioning of on-board KA VACH Loco Equipment
- April 13, 2026 13:46
Logistics
Noida Toll Bridge Company board takes note of Independent Assessment of Operations and Maintenance for DND flyway, ongoing road upgradation work. Shares trade at Rs 3.71 on NSE
- April 13, 2026 13:43
Stock down
Dalal Street midday: Sensex, Nifty down nearly 1%, Reliance, Eicher among top laggards, auto, oil stocks weigh
Equity benchmark indices BSE Sensex and Nifty 50 traded in negative territory on Monday, tracking a surge in crude oil prices after US–Iran negotiations failed, heightening fears of a prolonged geopolitical conflict.
Dalal Street midday: Sensex, Nifty down nearly 1%, Reliance, Eicher among top laggards, auto, oil Stocks weigh
Sensex and Nifty dip nearly 1% amid rising crude oil prices, with auto and oil stocks leading the decline.
- April 13, 2026 13:21
Jaykay Enterprises Approves Acquisition of Patange Industries Business
Jaykay Enterprises has considered and approved the acquisition of the Business Undertaking of Patange Industries Private Limited (“PIPL”), engaged in the business of defence precision manufacturing, fabrication and engineering design services, by way of a slump sale on a going concern basis.
- April 13, 2026 13:20
DevX bags ₹ 110 crore enterprise deal
DevX Locks in ₹110 Crore Enterprise Deal, Signals Institutional Shift to Managed Workspaces
Dev Accelerator shares surged 3% to Rs 39
- April 13, 2026 13:20
FY2027 Outlook: A Resilient Economy Drives Return Potential in an Undervalued Market
OmniScience Capital has released a comprehensive analysis of India’s macro-financial landscape in a report titled “FY2027 OUTLOOK: RESILIENT ECONOMY DRIVES RETURN POTENTIAL IN UNDERVALUED MARKET”. It reveals an economy characterized by structural resilience which is firmly in an expansionary phase, with the market valuation supporting a potential upside from multiple expansion. Consequently, markets could potentially deliver returns higher than the long term average returns.
GOLDILOCKS ECONOMY: LOW INFLATION & HIGH GROWTH
Real GVA growth has sustained a high growth phase of 7%-8%. Inflation remains structurally anchored within the RBI’s target band. Inflation has moved from nearly double-digit inflation in the early 2010s to 2.1% in FY26, though exogenous energy shocks from the Iran conflict present near-term cost-push risks. With leverage at a decade-low, corporate balance sheets are the cleanest with high efficiency, providing significant “dry powder” for the next capex phase. Importantly, the banking sector is in its strongest position in recent history. Gross NPAs have plummeted to 2–2.5%, while a Capital Adequacy Ratio (CRAR) of ~17.2% provides an estimated ₹94 lakh crore in incremental lending potential without requiring fresh capital. Growth and credit conditions remain supportive, with financial system strength enabling a strong expansion in the economy.
- April 13, 2026 13:05
Invicta Diagnostic Limited Marks Entry into Nashik Through Strategic Acquisition
- April 13, 2026 12:51
Companies
Laxmi Organic CFO Karnik resigns; Interim CFO appointed
Laxmi Organic Industries announced the resignation of Karnik, Chief Financial Officer of the Company.
Harshvardhan Goenka is appointed as Interim Chief Financial Officer of the Company with effect from the commencement of business hours on April 14, 2026, until the assumption of office by the new Chief Financial Officer
- April 13, 2026 12:49
Companies
AstraZeneca to sell its 64-acre manufacturing facility in North Bengaluru
AstraZeneca Pharma shares surged nearly 5% to Rs 8,686 on the NSE. Company to sell its 64-acre manufacturing facility in North Bengaluru.
- April 13, 2026 12:48
Economy
World Bank chief sounds alarm about looming jobs crisis even after war ends
World Bank chief sounds alarm about looming jobs crisis even after war ends
The Middle East war will dominate global finance officials’ talks this week in Washington, but World Bank President Ajay Banga is sounding the alarm about a bigger, looming crisis: a huge gap in jobs for the 1.2 billion people who will reach working age in developing countries in the next 10 to 15 years.
- April 13, 2026 12:41
Stock market
Sensex, Nifty pare early losses but stay in red at noon; Auto, Financials drag
Sensex, Nifty pare early losses but stay in red at noon; Auto, Financials drag
Sensex and Nifty recover slightly but remain in the red as auto and financial stocks weigh down amidst rising crude prices.
- April 13, 2026 12:40
Quarterly results
Innovision Q3 Profit Rises to ₹4.61 Cr, Shares Gain 2%
Innovision reported a standalone net profit for the quarter ended December 2025 at Rs 4.61 crore compared to Rs 3.52 crore in the same quarter last year. Shares rose 2% to Rs 317.95 on the NSE.
- April 13, 2026 12:29
Quarterly results
Puravankara Q4 sales soar to ₹3,547 cr, shares jump 9%
Puravankara reported Q4FY26 sales of Rs. 3,547 crores, compared to Rs. 1,225 crores Y-o-Y, an increase of 190%. The company recorded total sales of Rs. 7,407 crores in FY26, up 55% from the previous fiscal.
Shares zoomed nearly 9% to Rs 212.11 on the NSE.
- April 13, 2026 12:22
Val-Met Engineering secures ₹200 crore led by Nuvama Crossover Opportunities Funds
- April 13, 2026 12:04
NSE
Top movers of Nifty midcap 100
- Tata Investment (+4.66%)
- JSW Energy (+2.90%)
- SAIL (+2.73%)
- Voltas (+2.50%)
- Hindustan Petroleum (-3.90%)
- Hero Motocorp (-3.28%)
- Bank of India (-3.18%)
- Swiggy (-3.09%)
- April 13, 2026 12:03
Stock market
Government bonds slump after US-Iran peace talks falter
India’s government bonds took a beating on Monday after U.S.-Iran peace talks over the weekend failed to yield a deal to end the war, driving oil prices higher and triggering a risk-off move across assets in the world’s third-largest crude importer.
The yield on India’s benchmark 6.48% 2035 bond rose 6 basis points to 6.9697% by 11:00 a.m. IST, from 6.9119% on Friday. The rupee weakened 0.7% to 93.38 per dollar, while the benchmark Nifty 50 fell nearly 2%.
Read more here - April 13, 2026 11:55
Stock market
Stock in focus | M&M
M&M shares flat on the NSE at Rs 3,241.20. The subsidiaries to sell their entire 99.04% stake in Erkunt Foundry
- April 13, 2026 11:46
Companies
NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL
NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL
NCLAT adjourns Vedanta's appeal against Adani's bid for JAL due to bench composition change; next hearing date pending.
- April 13, 2026 11:43
Companies
RR Kabel expands FMEG portfolio with new appliance launches
RR Kabel Expands FMEG Portfolio with New Kitchen Appliances and Enhanced Air Cooler Range
Shares traded at Rs 1,382.10 on the NSE, down 1%
- April 13, 2026 11:42
Banking
Zaggle enters agreement with Generali Central Insurance
Zaggle Prepaid Ocean Services Ltd (Zaggle) has entered into an agreement with Generali Central Insurance Company Limited (formerly known as Future Generali India Insurance Company Ltd).
Zaggle shares flat on the NSE at Rs 251.80
- April 13, 2026 11:34
Ipo
Om Power Transmission IPO subscribed 86% on final day so far
Om Power Transmission IPO subscribed 86% as at 11.30 am on the final day. QIBs: 1.18 times, NIis: 0.54 times, retail 0.81 times
- April 13, 2026 11:33
ICICI Pru AMC, Just Dial Q4 results today
Checkout our live coverage here:
Q4 results highlights today: ICICI Prudential AMC profit up 10%, other key announcements
Q4 Results Highlights Today, 13th April 2026: Find all the latest Q4 results 2026 updates of ICICI Prudential Asset Management Company, Just Dial, Swaraj Engines, Parin Enterprises, Continental Controls, and Indbank Housing, Innovision (Q3 profit up). Earnings recap from last week | IT major TCS Q4: PAT jumped 12% y-o-y to ₹13,718 Crore; revenue rose, ₹31 dividend announced Stay tuned for more updates from businessline
- April 13, 2026 11:32
Oriental Rail Infrastructure bags ₹1.57 crore order Indian Railways
Oriental Rail Infrastructure has secured order worth Rs. 1.57 crore from Rail Coach Factory, Kapurthala, Indian Railways
- April 13, 2026 11:19
Stock up
Enviro Infra Engineers announce expansion of project portfolio after receiving Letters of Empanelment for two major infrastructure projects in Maharashtra
nviro Infra Engineers announced a massive expansion of its project portfolio after receiving Letters of Empanelment (LoEs) for two major infrastructure projects in Maharashtra.
Shares traded 12% higher at Rs 194.35 on the NSE at 11.16 am, hitting a high of Rs 198.90.
- April 13, 2026 11:18
NBCC (India) has entered into two MoUs with Housing and Urban Development Corporation Limited (HUDCO). NBCC shares flat on the NSE at Rs 88.55, and HUDCO traded at Rs 185
- April 13, 2026 11:18
Stock down
Jyoti CNC Automation shares dive 16% to Rs 691.90 on the NSE
Jyoti CNC Automation shares dragged 16% to Rs 691.90 on the NSE from Rs 819.20 previous close.
French authorities have initiated investigation into Huron Graffenstaden SAS (subsidiary) and certain employees, for allegedly exporting certain machines with dual-use technology, in violation of European Union laws.
- April 13, 2026 11:16
GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines
GE Aerospace on Monday announced a contract with the Indian Air Force (IAF) to establish an in-country depot facility for the F404-IN20 engines that power IAF’s Light Combat Aircraft Tejas fleet.
GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines
GE Aerospace partners with the Indian Air Force to establish a local F404-IN20 engine depot, enhancing India's defense capabilities.
- April 13, 2026 11:01
Zydus Wellness targets $500 million face wash market with tan removal launch
Zydus Wellness’ skincare brand everyuth naturals launched its Tan Removal Chocolate & Cherry Face Wash on Monday, expanding its product portfolio as it looks to capture a larger share of India’s $500 million face wash market.
Zydus Wellness targets $500 million face wash market with tan removal launch
The product is clinically tested across Indian skin types and combines chocolate’s antioxidant properties with Vitamin C-rich cherry extract
- April 13, 2026 10:58
Companies
Aster DM Healthcare strengthens its 12+ year legacy in Bengaluru with expansion of ‘Women & Children’ facility at Aster Whitefield Hospital. Shares flat on the NSE at Rs 676.95
- April 13, 2026 10:49
Industry update
RateGain launches AI-driven hotel marketing certification programme
RateGain Travel Technologies Ltd announced the launch of RG Varsity, a digital marketing certification programme targeting hotels’ commercial and marketing teams, on April 13, 2026.
RateGain launches AI-driven hotel marketing certification programme
RateGain launches RG Varsity, an AI-driven hotel marketing certification program addressing skills gaps in digital revenue strategies.
- April 13, 2026 10:41
Coforge clears all regulatory approvals for Encora acquisition, merger expected by month-end
Coforge clears all regulatory approvals for Encora acquisition, merger expected by month-end
CEO Sudhir Singh said every element of anticipated synergies remains on course, and described the combined entity as moving into a higher orbit of growth built on AI-led engineering
- April 13, 2026 10:37
Stock market
Nifty Bank prediction today – April 13, 2026: Nifty Bank futures: Opens lower but shows signs of upward shift in direction
Nifty Bank prediction today – April 13, 2026: Nifty Bank futures: Opens lower but shows signs of upward shift in direction
Nifty Bank futures show potential for recovery if it breaks 55,400; watch supports at 54,600 and 53,800.
- April 13, 2026 10:28
Shyam Metalics and Energy issued clarification pertaining to the Company’s Rengali Plant at Sambalpur, Odisha
The Central Pollution Control Board (“CPCB”) had issued directions for closure of one of the Pellet Plants, the Ferro Alloys Plant, and the Power Plant at the Rengali facility, on account of certain pollution-related non-compliances. These directions were specific to the said units only and did not affect any other operations of the Company. 2. Representations and Relief: The Company promptly made representations before the CPCB, presenting the remedial measures undertaken and seeking relief from the said closure directions. The CPCB, having considered the Company’s submissions, has granted relief from the closure directions in respect of the aforesaid units and has issued directions to the Odisha State Pollution Control Board (“OSPCB”) to take the necessary steps for resuming operations. The CPCB has further provided a period of three (3) months to fully address and comply with all findings and observations.
- April 13, 2026 10:27
RateGain Launches RG Varsity Certification for AI-Driven Hotel Marketing
RateGain Launches RG Varsity, a Certification Initiative Built for the AI Eraof Hotel Marketing
Shares traded at Rs 550.15 on the NSE, down 2%.
- April 13, 2026 10:19
Banking
RBI criticises banks’ rupee arbitrage trades
A senior Reserve Bank of India official criticised foreign-exchange market makers for their role in aggravating the rupee’s weakness during the West Asia tensions, as the regulator keeps up its tough messaging stance in its defence of the currency.
Addressing an annual foreign exchange dealers’ conference in Paris at the weekend, Deputy Governor T. Rabi Sankar said the arbitrage between local and offshore markets strained dollar liquidity at a time when the rupee was under pressure due to large foreign outflows, according to people familiar with the matter. They asked not to be identified as they are not authorised to speak to the media. Read more here
- April 13, 2026 10:18
Stock market
Nifty Prediction Today – April 13, 2026: Nifty 50 Futures: Resistance ahead. Wait for a breakout to go long
Nifty Prediction Today – April 13, 2026: Nifty 50 Futures: Resistance ahead. Wait for a breakout to go long
Nifty 50 shows resistance at 23,750; traders should wait for a breakout before going long.
- April 13, 2026 10:12
Commodities
Oil prices resume their climb, Asian markets decline as US prepares for blockade of Hormuz
Oil prices resume their climb, Asian markets decline as US prepares for blockade of Hormuz
Oil prices rise amid US plans for a Hormuz blockade, causing declines in Asian markets and heightened global trading tensions.
- April 13, 2026 10:11
Companies
Niva Bupa shares trade flat as IRDAI approves Investor Fettle share transfer
Niva Bupa Health Insurance shares traded flat on the NSE at Rs 73.12. The IRDAI approved the transfer of shares by Investor Fettle
- April 13, 2026 10:09
Companies
IOC, BPCL, HPCL, Reliance shares drag amid windfall tax hike, rising crude prices
Shares of oil marketing companies (OMCs) came under pressure on Monday after the government sharply increased windfall taxes on fuel exports, while a surge in global crude oil prices added to investor concerns. Stocks of Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL) and Reliance Industries remained in focus amid the dual impact of policy tightening and geopolitical tensions.
IOC, BPCL, HPCL, Reliance & IndiGo shares drag amid windfall tax hike, rising crude prices
Shares of oil marketing companies (OMCs) came under pressure on Monday after the government sharply increased windfall taxes on fuel exports, while a surge in global crude oil prices added to investor concerns.
- April 13, 2026 09:55
Global bits
United States
Oil-driven CPI spike (3.3% y/y) and collapsing consumer sentiment have delayed Fed easing, with rate hikes back on the table amid gasoline above $4 and renewed stagflation fears.
Canada
Rising global oil prices support energy revenues but heighten inflation risks and complicate monetary policy outlook.
Japan
The Bank of Japan is turning cautious on further rate hikes as oil-driven input costs rise, increasing stagflation risks despite above-target inflation.
United Kingdom
Oil rebound has revived expectations of tighter policy from the Bank of England as energy inflation pressures resurface.
Euro Area
The European Central Bank faces renewed hawkish pressure as energy shocks lift inflation and darken growth prospects.
Australia
Higher oil prices add upside inflation risks, reinforcing the Reserve Bank of Australia’s cautious stance.
New Zealand
Oil-driven price risks complicate the policy path for the Reserve Bank of New Zealand amid fragile growth.
Russia
Surging oil prices nearly double April tax revenues, providing fiscal relief despite sanctions and structural constraints.
Egypt
A 35% fuel price hike and sharp currency depreciation intensify inflation and debt stress in an already fragile economy.
Pakistan
Repeated fuel hikes and austerity measures (e.g., four-day workweeks) deepen economic strain under rising import costs.
Brazil
Fuel-driven inflation accelerated in March, adding pressure to growth amid high borrowing costs and global volatility.
Saudi Arabia
Higher oil prices boost revenues, with full restoration of the East-West pipeline strengthening export capacity.
Iran
Strained ceasefire talks and Hormuz tensions risk further supply disruptions, while efforts continue to restore 70–80% of damaged refining capacity.
Israel
War-related fiscal costs have reached $11.5 billion, adding pressure to public finances amid ongoing conflict risks.
Source: Reuters
- April 13, 2026 09:54
Stocks in focus
GS on Eternal
Buy, TP Rs 350
Believe TAM concerns for Blinkit may be overdone, at least from a value perspective, though industry’s MTU penetration at 50%+ of underlying TAM could approach maturity levels in 1-2 years.
As far as competition is concerned, while expect Blinkit’s share gains vs. Swiggy to continue, note Blinkit’s growth may have been adversely impacted in recent months due to elevated competition from a few new entrants as well as existing players.
Having said that, contest notion that elevated competition would prohibit margin expansion for Blinkit (as evidenced in Dec ’25 quarter), & believe there are enough levers to offset potential headwinds.
JPM on Shriram Fin
OW, TP Rs 1180
While are cautious on Indian NBFC sector with rate-cut driven re-rating likely behind (40% valuation re-rating in 2025) and potential Asset Quality (AQ) stress from Middle East conflict related disruptions, MUFG Bank’s strategic investment positions SHFL uniquely
MUFG completed a Rs 396bn capital injection in early Apr’26 and has already supported a credit rating upgrade for SHFL (CRISIL & ICRA recently upgraded to AAA vs. AA+), which should drive a sustainable 80-100bps decline in SHFL’s cost of funds over time
Believe this should significantly improve SHFL’s competitive positioning vs. peers, which enjoy a more than 100bps cost of funding advantage, with new growth levers.
Lower funding costs should significanlty improve SHFL’s flexibility to push growth in lower yield loan segments (e.g. new CVs), while continuing to deliver ROA expansion.
Overall, expect SHFL to deliver a PAT CAGR of 25% over FY26-28, supported by (i) AUM CAGR of 18% over FY26-28, a significant acceleration vs. 16% CAGR over FY24-26, and (ii) RoA expansion of 43bps over FY26-28, primarily driven by lower cost of funds
CITI on Coal India
Neutral, TP Rs 430
Coal India (CIL) has announced they are absorbing higher costs on account of West Asia crisis
(1) Cost of explosives used for blasting – up 26% in a month,
(2) cost of industrial diesel – up 54% in less than a month.
Explosives and industrial diesel account for 8% of CIL’s costs (4% each); current inflation suggests an increase of 3% in CIL’s total costs.
Further, some subsidiaries have reduced the reserve price for e-auction coal and increased the quantity.
While expect e-auction prices to be on an uptrend as global prices have risen, lowering reserve price and increasing quantities could mean discount to import parity may rise beyond 30% (5-qtr avg).
JPM on Coal India
Neutral, TP Rs 403
Coal India’s stock price fell 4% on Friday (vs. Nifty +1%) following an announcement that it is absorbing raw material price shocks & reducing reserve price of coal in e-auctions
Est. that impact on EBITDA from rising explosives and industrial diesel prices could be 7-8% annually (Rs30bn increase), which could lower COAL’s fair value by 4.5-5.5%, all else being equal.
Details around e-auction prices are a bit unclear, but clearly suggest that benefit anticipated from rising international thermal coal prices may not be fully realized
Goldman Sachs On Solar Industries
Maintains Buy Rating With A Target Price Of ₹18,900
Explosives Prices Up Sharply Driven By 44% Rise In Ammonium Nitrate Prices
Coal India Explosive Costs Increased ~26% Indicating Strong Pricing Environment
Higher Input Costs Supporting Realization Improvement For Explosives Players
Structural Demand Supported By Mining Activity And Coal Production Needs
Positive Outlook Maintained With Strong Pricing Tailwinds And Earnings Visibility
Axis Capital On Ujjivan SFB
Recommendation Buy, Target ₹77, Earlier Target ₹66
Secured For Success
Transition To Diversified Universal Banker Contender
Secured Mix Improving (~49%) & Targeting 65%-70% By FY30
Strong Growth: Loans +26% YoY; Disbursements At Record Highs
Asset Quality Has Normalised; Collections Near ~99.8%
CASA To Improve
Capital Raise Likely, To Support Next Growth Phase
HSBC On Dixon
Recommendation Hold, Target ₹11,500
VIVO JV Approval Not Yet Come Through, Meaning FY27 Volumes Will Take A Hit
Q4 Should Register Moderate Growth, But Focus Is On Next Quarter As Costs Remain Volatile
Cut FY27 Estimates By 8% As VIVO JV Delay Erodes Top-Line Growth
Axis Capital On HDFC Life
Recommendation Buy; Target ₹750, Earlier Target ₹840
Valuation Factors In Soft Growth
APE Growth Capped Despite Diversified Product-Mix
VNB Margin To Improve But To Be Range-Bound
Implied Valuation Offers Favourable Risk-Reward
- April 13, 2026 09:51
Stocks in focus
Nomura on Oil & Gas
War risk premium is back as peace talks stall
Oil supplies might come under further pressure should US force complete blockade of Strait of Hormuz
Complete blockade of SoH may result in 2.3mbpd incremental supply loss
A complete blockade of SoH may also impact LPG supplies for India, as over past month India managed to have several LPG tankers (at least eight) safely crossed through strait.
HSBC On Consumer Durables
Expect Moderate Revenue Growth In Q4 Due To Early Channel Filling, But Higher Input Costs Will Weigh On Margins
In Q1FY27 Commodity Costs And Demand Delay Likely To Impact Earnings, With Sporadic Rains Affecting AC Sales
LG Electronics – Maintain Buy With Target Price Of Rs 1850
Havells – Maintain Buy With Target Price Of Rs 1700
Crompton – Maintain Buy With Target Price Of Rs 350
Voltas – Maintain Buy; Cut Target Price To Rs 1510 From Rs 1550
Blue Star – Maintain Hold; Cut Target Price To Rs 1900 From Rs 2000
HSBC On India Industrials
March Quarter Execution Resilient; Margin Headwinds Intensify
Execution Steady; Margin Compression Likely On Input Costs And FX Volatility; Order Inflow Could Slow
Order Inflow And Middle East-Related Disruptions Remain Key Near-Term Items To Monitor Into FY27
L&T – Maintain Hold With Target Price Of Rs 3900
ABB – Maintain Hold With Target Price Of Rs 5400
Siemens – Maintain Hold; Cut Target Price To Rs 3230 From Rs 3270
Cummins – Maintain Buy; Hike Target Price To Rs 5500 From Rs 5300
Morgan Stanley On Auto
Delhi Draft EV Policy 2026 – Incentives Rise And Timelines Set For ICE Phaseouts
Delhi’s Draft EV Policy For 2026-2030 Provides Sizeable Demand Incentives For 2Ws, 3Ws And Small CVs
Policy Proposes Timelines To Phase Out 2W And 3W ICE Vehicles
If Implemented This Would Be Negative For Legacy OEMs As It Could Become A Template For Other Cities
Implementation Of Bans Is Tough, As Buyers May Go To NCR Region To Buy ICE 2W/3Ws
No Direct Subsidy For EV PVs But Electric Cars (Up To Rs30 Lakh) Will Have Registration Fees And Road Taxes Waived
Strong Hybrid Cars Get A 50% Waiver
Nomura on Autos
CAFE 2027: Policy direction is now clearly pro-EV
Apr-2026 draft introduces three material changes (vs Sep-2025 draft)
1) Strong hybrid super-credit has been cut from 2.0x to 1.6x.
2) The explicit 3g CO₂/km concession for small cars has been scrapped.
3) Derogation technologies have been introduced which have the potential to reduce EV mix requirement by 2-4% across OEMS
4) In case of non-compliance, OEMs can buy credits from BEE at INR2,500/g CO₂/km in FY28, rising to INR4,500/g by FY32.
Regulation to accelerate EV adoption; prefer M&M, Hyundai, & Sonacom
Macquarie on Adani Ports
O-P, TP Raised to Rs 1860
Raise FY27E/28E volume & earnings estimates for ADSEZ, driven by NQXT consolidation (40MMT contracted capacity).
Near-term volume disruption to be offset by multiple other growth levers (international scale-up, higher transshipment & uptick in coal volumes).
Est Q4FY26E revenue / clean EBITDA growth of 18% YoY / 6% YoY, largely driven by consolidation of NQXT
Expect FY26E domestic volumes to grow +5% YoY (vs +7% YoY growth for major ports in India), & build-in 25% YoY growth for Logistics and Marine segments
- April 13, 2026 09:49
Industry update
Market View
ICICI Securities On Sumitomo Chemicals
Initiate Buy With Target Price Of Rs 515
Unique Positioning, Solid Credentials And Reasonable Valuation Provide Material Upside
Symbiotic Dominance: Global Innovator Parent, Local Edge – An Unparalleled Moat
Aggressive Capex Plans To Support Growth Aspirations
Product Launches To Support Momentum
Indian Agriculture Demand To Remain Robust For Next 12–18 Months
MS on Financials
Set up for FY27 was looking good with a strong 3QF26 and positive incoming data for 4QF26.
Geopolitical risks threaten to throw a spanner in works.
Lower valuations, however, give room to digest some loss of earnings momentum in FY27 & still have a positive 12-18 month outlook
Stay constructive & have a lower preference for mid-size private banks (generally), PSU banks, structurally challenged business models (whether at high or low P/E) & stocks at expensive multiples building in too much future execution
Nomura on OMCs
Increased windfall tax on diesel and ATF exports should benefit OMCs
Expect windfall tax to be not applicable on Reliance’s export refinery (almost half of its total refining capacity), while domestic refineries of Reliance, Nayara, MRPL, CPCL, HPCL Mittal Energy, Numaligarh & others will be subjected to windfall tax on export of diesel and ATF
Think this benefits OMCs as standalone refiners may get into agreements with them to sell diesel and ATF at their export realized prices (post windfall tax), directly translating into saving for OMCs by similar amount on volumes they source from third-party refiners.
OMCs, especially HPCL may benefit significantly, as 40% of its diesel retail sales (32% of total refinery throughput) are sourced from standalone refineries
Est. current integrated margins for IOCL/BPCL/HPCL at -$2.2/bbl/-$7.3/bbl/- $18.5/bbl at current prices, including benefit from higher windfall tax
Macquarie On India Consumer Durables
C&W To Continue To Deliver Growth
Cable And Wire Industry Volume Growth Estimated At 15%+ In 4QFY26
Summer Season Key For Cooling Products, Factor 15%+ FY27 Volume Growth
Commodity Prices Increase May Lead To Margin Risk
Price Hikes Of 10-15% Since Jan-26 Taken To Offset Cost Inflation
Polycab Remains Top Pick; Crompton, Havells, Polycab Rated Outperform
Voltas Rated Neutral
Jefferies On India Power March Demand
March 2026 Power Demand Rose 2% Year-On-Year
FY26 Demand Up Only 1% Year-On-Year On Above-Average Monsoons
Demand Should Recover To 6% Year-On-Year In FY27E
El-Nino Probability At 60% Could Add Further Upside
Ministry Of Power Expects Peak Demand To Rise 10% Year-On-Year To 270 GW In FY27E
JSW Energy And NTPC Remain Top Picks
Morgan Stanley On India Energy
Industry View In Line
Fuel Demand Growth Muted At 1.5% YoY In March
Transport Fuels Strong With Gasoline And Diesel Up 8% YoY
LPG Demand Declined 13% YoY Due To Supply Disruptions
Industrial Demand Weak Due To Feedstock Constraints
Ex LPG Demand Growth At 5% YoY Indicates Underlying Strength
Fuel Oil Demand Surged 34% YoY As Users Switched From Gas
Refining Margins Expected To Remain 1.5 Times Above Mid Cycle
- April 13, 2026 09:48
Market View
EMKAY on Avenue Supermart
Initiating Sell, TP Rs 3700
Stock at 70x forward P/E prices a business DMART needs to become, not what it is.
QC players now only 4-13% pricier than DMART on a monthly basket — gap gone after bank discounts.
Bill cuts per sqft down 6% since FY20 even as dark store count went from 421 to 2,000+ in two years.
Capex per store up 60%, RoIC sliding from 19% to an estimated 13.5% by FY28.
DMART still covers only 50% of India’s retail TAM
At PEG of 4.2x vs Trent & Titan at 2.6x, market is paying for perfection on a business that needs structural reform
Bear case target Rs2200
MS on UPL
Resume EW, TP Rs 658
UPL is a play on revival in global crop chemical volumes, having delivered two years of solid volume growth
While are constructive on agchem cycle improving, near-term uncertainty due to supply dislocations, feedstock sourcing and potential demand risks keep us cautious
UPL has outperformed global listed peers - delivering ~2-2.5x higher volume growth in the last eight quarters.
Think UPL, with its global footprint, is well positioned to leverage the repair cycle, deliver at or above-industry volume growth (3-6%) and market share gains over F27-28.
JPM on HFCs
Initiate OW on PNB HF – TP Rs 1000
Initiate UW on Bajaj HF – TP Rs 70
Assume Neutral on LIC HF – TP Rs 580
System mortgage should grow at 8-10% over next 3-5Y, which has come off to 9% in Feb-26 (vs. 11% in last 3Y)
Slowdown is in-line with declining residential sales (6.4% in Feb-26).
Lenders with strong liability franchise (PSBs) or distribution (select HFCs) have been gaining market share, which should continue.
Intense competition in prime mortgages by PSBs suggests profitability is close to peak, & is forcing HFCs to explore growth in high yield segments (DF, LAP & affordable)
Prefer HFCs with strong underwriting, low cost distribution and ability to deliver market share gains
Bajaj HF stands out, however, its 233/225% PB/ PE premium to peers for similar profitability seems unsustainable
PNBHF is in early years of its turnaround & offers growth at a reasonable price.
LICHF may continue to lose market share and lacks immediate catalysts, but low valuations limit downside
HSBC On India Renewables
Renewable Energy Now 30–50% Cheaper Than Thermal, Driving Strong Adoption
Around 80% Of New Power Capacity Additions Coming From Renewables
Sector Growth Supported By Urbanisation, Industrialisation And Rising Electricity Demand
BESS Adoption Expected To Accelerate Renewable Usage By Discoms And C&I Customers
Execution Challenges (Land, Transmission, Design) Now More Critical Than Capital Availability
Energy Storage (BESS) Improving Reliability And Solving Evening Power Shortages
Increasing Adoption By Distribution Companies And Commercial & Industrial Customers
Two Models Exist: D2D (Discoms) And D2C (Direct Consumers), Both Viable Due To Cost Advantage And Policy Support
Renewables Currently Contribute ~17% To India’s Total Power Generation Mix
HSBC on Acme Solar
Initiate Buy, TP Rs 350
One of India’s fastest-growing, vertically-integrated, independent power producers of renewable energy
c6GW contracted capacity gives long-term earnings visibility; FDRE projects and BESS to improve returns
Forecast an EBITDA CAGR of 72% in FY26-28
HSBC on Clean Max
Initiate buy, TP Rs 1150
CleanMax is India’s largest provider of renewable energy to C&I users
Expect strong growth as more companies use green energy, which is 30-45% cheaper than grid power prices
Forecast an EBITDA CAGR of c60% over FY26-28
- April 13, 2026 09:46
Expert View: Market analysis by Vikram Subburaj, CEO, Giottus.com
Bitcoin is trading around $71,100-$71,200 on April 13, with 24-hour volumes above $30 billion. The price has eased after failing to hold above the $73,000 zone in recent sessions. This keeps BTC in a consolidation phase.
The near-term chart structure remains range-bound. Immediate support is visible around $70,000-$70,600, which aligns with the latest intraday floor. A deeper downside zone can be watched near $68,000 if selling pressure intensifies. On the upside, resistance sits near $72,000, followed by a stronger supply zone at $73,000. A sustained move above that band is needed to reopen the path toward a broader trend extension. This is still a market respecting levels rather than expanding with conviction.
Institutional flows have turned constructive, though not decisively so. Farside’s data shows U.S. spot Bitcoin ETFs recorded $358.1 million in net inflows on April 9. On April 10, inflows were above $230 million. BlackRock’s IBIT led the flows on both days. There were no U.S. ETF flows on April 12, as it was a Sunday, and fresh April 13 flow data had not yet been posted at the time of writing. The message from the tape is straightforward: institutional demand has improved, but it remains selective rather than relentless.
On-chain and market-internals data continue to suggest a market that is constructive. But not euphoric. Bitcoin dominance remains elevated, while altcoin breadth is still weak. This indicates that capital is concentrating in BTC rather than rotating aggressively across the market. Among large-cap altcoins, CoinMarketCap shows ETH near $2,205, XRP at $1.33, BNB at $596.5, SOL at $82.3, and TRX at $0.322, which points to muted follow-through outside Bitcoin.
Macro conditions remain the primary swing factor. Reuters reported that the collapse of U.S.-Iran peace talks has pushed Brent crude above $103, raising inflation risks and tightening financial conditions. At the same time, the New York Fed’s March survey showed one-year inflation expectations rising to 3.4%. Fed officials, including John Williams, have also warned about rising risks. They said the Middle East conflict could push headline inflation toward 2.75%–3% this year. Markets have responded by pushing back rate-cut expectations: Citi now sees cuts starting only from September, while Wells Fargo no longer expects any 2026 cuts. That higher-for-longer rates backdrop continues to cap upside for crypto and other risk assets.
The market is stable, but not yet in expansion mode. Bitcoin is defending key support and ETF flows have improved, but sticky inflation, oil-led macro uncertainty, and delayed Fed easing continue to limit momentum. In the current setup, the market still looks better suited to selective accumulation than aggressive momentum chasing.
Our advice: Bitcoin is holding above $70,000, but remains capped below $73,000. This keeps the market in a 3–4% range, not a breakout phase. ETF inflows have crossed $200M+on recent days, showing interest. But flows are still inconsistent. Conviction is not strong yet. Investors should avoid chasing near resistance. Focus on buying closer to support. Use staggered entries. Limit risk per trade to 1–2% of capital. This is not a momentum market. Patience and capital protection matter more than speed right now.
- April 13, 2026 09:45
Rupee plunges 49 paise to 93.32 against US dollar in early trade
Failure of US-Iran truce talks: Rupee opens 57 paise weaker
US-Iran truce talks fail, causing the rupee to open 57 paise weaker against the dollar amid rising crude prices.
- April 13, 2026 09:44
Economy
Why Jamie Dimon thinks the Iran war could change the global economic order
JPMorgan Chase CEO Jamie Dimon has identified geopolitical tensions, particularly the war in Iran and broader hostilities in the Middle East, as the biggest risk facing the bank, warning that the outcome could shape the future global economic order, according to a report.
In his annual letter to shareholders, Dimon said ongoing conflicts, including those in Iran and Ukraine, along with rising global tensions, are creating significant uncertainty for markets and economies.
“The outcome of current geopolitical events may very well be the defining factor in how the future global economic order unfolds,” Dimon said in the letter, as cited.
War-driven uncertainty spills into markets
Dimon described war as “the realm of uncertainty,” highlighting its potential impact on commodities, trade flows and financial markets.
The warning comes amid heightened tensions in West Asia, where disruptions to energy supply chains, particularly around key routes like the Strait of Hormuz, have raised concerns about oil prices, inflation and market volatility.
He also pointed to broader geopolitical flashpoints, including tensions with China and continued conflict in Ukraine, as part of a growing list of global risks confronting businesses and policymakers.
Trade realignment adds another layer of risk
Beyond active conflicts, Dimon flagged a deeper shift underway in global trade dynamics.
He said countries are reassessing trade partnerships and supply chains amid rising protectionism and tariff actions, particularly under policies pursued by US President Donald Trump.
“The trade battles are clearly not over,” Dimon said, adding that while some realignment may be necessary for national security, the long-term consequences remain uncertain.
Letter goes beyond banking, reflects global outlook
Dimon’s annual shareholder letter is widely tracked for its broader economic and geopolitical commentary, often extending beyond JPMorgan’s business outlook.
This year, alongside geopolitical risks, he also highlighted persistent inflation, regulatory challenges and upheaval in private markets as key headwinds for the global economy.
He reiterated that while the US economy has shown resilience, global uncertainty driven by conflict and shifting economic alliances could have far-reaching consequences.
- April 13, 2026 09:44
Economy
India’s growth could slip below 6% in FY27 if oil hits $150 a barrel, says Morgan Stanley
India’s economy could slow to 5.7 percent in FY27 if crude oil jumps to $150 a barrel for one quarter, marking the country’s weakest post-pandemic growth rate, according to a Morgan Stanley report. Under that scenario, consumer inflation could also rise above the Reserve Bank of India’s 6 percent upper tolerance band, while the current account deficit could widen to about 3 percent of GDP, Morgan Stanley said.
The brokerage also lowered its base-case FY27 growth forecast for India to 6.2 percent from 6.5 percent, while raising its inflation estimate to 5.1 percent. That projection assumes Brent crude averages $95 a barrel. Oil prices remained elevated on Tuesday, with Brent trading above $111 a barrel as markets reacted to escalating tensions around Iran and the Strait of Hormuz.
“If oil spikes to US$150/bbl for a quarter, the hit to growth and macro stability would be non-linear. In this case, we see F2027 growth at ~5.7%, CPI inflation breaching 6% and the current account deficit widening to ~3% of GDP,” Morgan Stanley said.
The report said the drag on growth would come through three main channels: weaker production because of higher energy and input costs, softer consumption due to rising prices and shortages, and lower exports to affected regions.
India’s economy is currently estimated to grow 7.6 percent in FY26, according to the government’s second advance estimates released in February.
Other global agencies have also turned more cautious on India’s outlook. Moody’s Ratings recently said it expects India’s GDP growth to moderate to around 6 percent in FY27 from 7.3 percent in FY26, while the OECD cut its FY27 growth forecast to 6.1 percent from 6.2 percent.
On inflation, Morgan Stanley said the pass-through from higher oil prices is likely to be stronger in the wholesale price index than in retail inflation. Assuming Brent averages $95 a barrel in FY27, it expects headline WPI inflation to accelerate to 7 percent year-on-year. Wholesale inflation has averaged 0.6 percent so far.
Despite the inflation risk, the brokerage expects the RBI to hold the policy rate at 5.25 percent for the rest of the year, with fiscal policy likely to be the first line of defence against a supply shock. Economists broadly also expect the central bank to stay on hold at its April 8 policy decision.
Morgan Stanley said the government may need to lean more heavily on fiscal measures, including subsidies and tax cuts, which could push the fiscal deficit 0.3 to 0.5 percentage points above the budgeted 4.3% of GDP target for FY27.
“We continue to expect fiscal policy to be used more aggressively, with on- and off-budget measures, to cushion the supply shock and contain pass-through,” the report said.
- April 13, 2026 09:43
Banking
Private banks outpace PSBs in Q4 deposit growth amid deposit mobilisation pressures
Private sector banks reported stronger deposit growth in the January-March quarter compared with their public sector peers, even as the broader banking system continued to face persistent challenges in mobilising deposits.
Data compiled by PTI from banks’ provisional numbers disclosures showed that private sector lenders recorded deposit growth in the range of 12-17 per cent in Q4FY26, compared with 2-14 per cent growth among PSU banks.
Banks have increasingly relied on mobilising funds through certificates of deposit (CDs) in recent quarters amid sustained pressure on low-cost deposits.
Deposit mobilisation has remained challenging, particularly on the current account and savings account (CASA) front, as relatively lower interest rates have made such deposits less attractive compared with other financial instruments.
Among private lenders, IDFC First Bank reported the highest growth, with deposits rising 17.2 per cent to Rs 2.43 lakh crore in Q4FY26, followed by Kotak Mahindra Bank with 14.7 per cent growth and HDFC Bank with 14.4 per cent growth, according to provisional data.
In a note, domestic brokerage Motilal Oswal said HDFC Bank’s deposit growth will continue to be at 14 per cent till FY28, and the credit deposit ratio is likely to moderate to 94 per cent by end of FY28.
In the public sector banking space, Bank of India reported deposit growth of 14.33 per cent, followed by Bank of Maharashtra at 14 per cent and Central Bank of India at 13.37 per cent.
A majority of the banks have shared the provisional performance data after the end of the quarter, but some like the country’s largest lender SBI have not.
On the lending front, state-owned banks are performing relatively better than their private sector peers, reporting advances growth in the range of 12-22 per cent, compared with 12-20 per cent growth recorded by private lenders.
Bank of Maharashtra reported an advances growth of 22 per cent year-on-year to Rs 2.92 lakh crore. Further, UCO Bank reported an advances growth of 20 per cent to Rs 2.34 lakh crore, and Central Bank of India reporting a growth of 18.90 per cent to Rs 3.45 lakh crore.
Systemic credit growth stood at 13.8 per cent as of March 15, 2026 (12.8 per cent year-to-date), with momentum remaining robust, supported by adequate liquidity buffers and a consumption-led recovery following GST cuts, Motilal Oswal said in a report.
On the profitability front, the report said that private sector lenders pre-provisioning operating profit to grow by 9.1 per cent year-on-year and 3.9 per cent quarter-on-quarter, and PAT to grow by 11.9 per cent YoY and 6.9 per cent QoQ in 4QFY26.
PSU banks’ PAT to grow by 2.1 per cent YoY (down 5.3 per cent QoQ) in 4QFY26E, amid repricing on yields, limited reduction in cost of funds, and modest treasury gains due to a rise in bond yields, brokerage firm said.
- April 13, 2026 09:42
Quarterly results
ICICI Pru AMC shares in red ahead of Q4 results today
Catch live updates here:
Q4 results highlights today: ICICI Prudential AMC profit up 10%, other key announcements
Q4 Results Highlights Today, 13th April 2026: Find all the latest Q4 results 2026 updates of ICICI Prudential Asset Management Company, Just Dial, Swaraj Engines, Parin Enterprises, Continental Controls, and Indbank Housing, Innovision (Q3 profit up). Earnings recap from last week | IT major TCS Q4: PAT jumped 12% y-o-y to ₹13,718 Crore; revenue rose, ₹31 dividend announced Stay tuned for more updates from businessline
- April 13, 2026 09:41
Expert View: Avinash Shekhar, Co-Founder & CEO, Pi42
The recent dip in Bitcoin to the $70K zone, even as oil prices spike on renewed tensions around the Strait of Hormuz, highlights how global macro cues are once again influencing short-term crypto sentiment. The breakdown in negotiations at the Islamabad summit and concerns over supply disruptions have pushed energy markets higher while triggering a cautious pullback in digital assets, reflecting a temporary shift toward liquidity and macro-driven positioning. At the same time, Bitcoin’s ability to hold near key levels despite these developments indicates underlying resilience, especially as it continues to find relevance in geopolitical narratives, including its emerging role in cross-border value movement amid sanctions and trade frictions.
From an investor standpoint, this is a phase to stay measured rather than reactive. Sharp global developments may drive intermittent volatility, but they also reinforce Bitcoin’s evolving role as a parallel financial system. Investors should focus on staggered allocation strategies, maintain liquidity buffers, and avoid chasing short-term moves driven by headlines. The current environment rewards discipline, long-term conviction, and portfolio balance over speculative positioning, as crypto continues to mature alongside global financial and geopolitical shifts.
- April 13, 2026 09:36
Stock market
Sensex, Nifty tumble 2% as US Naval blockade on Iran sends crude surging past $105
Sensex, Nifty tumble 2% as US Naval blockade on Iran sends crude surging past $105
Sensex and Nifty drop 2% as US-Iran tensions surge oil prices, sparking investor fears and market sell-off.
- April 13, 2026 09:31
Companies
Coforge Secures Global Approvals for Encora Buyout
Coforge, an AI-native engineering services leader, today announced that all the regulatory approvals and statutory clearances in multiple jurisdictions for the acquisition of Encora have been secured. On December 26, 2025, Coforge announced its intent to acquire Encora to create a $2.5 Bn AI-native tech services firm with a $2 Bn data, AI led engineering and cloud-based services core
Shares traded at Rs 1211.90 on the NSE, down 1%
- April 13, 2026 09:30
Blue Dart Chairman Prakash Apte Resigns
Blue Dart Express Limited has informed the Exchange regarding Resignation of Mr Prakash Krishnaji Apte as Chairman of the company w.e.f. April 13, 2026
- April 13, 2026 09:29
Companies
Unichem Laboratories Slips 3% After US Product Recall
Unichem Pharmaceuticals (USA), Inc., a wholly-owned-subsidiary of the company has voluntarily recalled its products distributed in USA - Buspirone Hydrochloride Tablets, USP, citing reason as out-of-specification (OOS) assay result identified at the 12-month long-term stability time point.
Unichem Laboratories stock down 3% on the NSE to Rs 326.45
- April 13, 2026 09:24
Companies
Texmaco Rail bags ₹23.57 cr order from Hindalco
Texmaco Rail & Engineering has received contracts worth Rs. 23.57 Crores (excl. taxes) from Hindalco Industries
Texmaco shares traded at Rs 95.22 on the NSE, down 3.41
- April 13, 2026 09:22
Crude oil futures rise as US moves to blockade Iranian ports
Crude oil futures rise as US moves to blockade Iranian ports
Crude oil futures rise as the US implements a blockade on Iranian ports amid failed peace talks.
- April 13, 2026 09:22
Stock market
Top gainers and losers at open
Among Nifty 50, only ONGC, Coal India and Sun Pharma posted mild gains, while IndiGo, Bajaj Finance, Asian Paints and Eicher Motors traded as major laggards.
- April 13, 2026 09:18
Stock market
Markets open in deep red
BSE Sensex opened 1613 points lower at 75,937.16, from the previous close of 77,550.25. At 9.16 am, it traded 1624.75 points or 2.10% lower at 75,925.50, and Nifty 50 dragged 479.45 points or 1.99% to 23,571.15.
On Friday, Sensex settled 918.60 pts or 1.20% higher at 77,550.25, and Nifty 50 increased by 275.50 pts or 1.16% to 24,050.60
- April 13, 2026 09:17
Commodities
Oil leaps, dollar firm and stocks wobble as US-Iran peace talks collapse
Oil prices surged on Monday as the U.S. moved to impose a blockade on Iranian shipping after the collapse of weekend peace talks, while the dollar rose and stocks and bonds fell in Asia ahead of the start of US earnings season later in the day.
The US move, aimed at putting pressure on Tehran, leaves a fragile ceasefire hanging in the balance and no end in sight to the choke on Middle East energy exports - though the mood on trading floors leaned toward hoping for a resolution.
- April 13, 2026 09:16
Stock market
BSE Sensex traded 1613.09 (-2.08%) pts down to 75,937.16 at pre-open
- April 13, 2026 09:10
Commodities
Crude oil rises 7.5% to $102.38 on US' maritime blockade on Iran
Crude oil futures traded higher on Monday morning after the US decided to implement a blockade on all maritime traffic entering and exiting Iranian ports following the failure of peace talks between Iran and the US. At 9.07 am on Monday, June Brent oil futures were at $102.38, up by 7.54 per cent, and May crude oil futures on WTI (West Texas Intermediate) were at $105.08, down by 8.81 per cent. April crude oil futures were trading at ₹9702 on Multi Commodity Exchange (MCX) during the initial hour of trading on Monday against the previous close of ₹9153, up by 6 per cent, and May futures were trading at ₹9010 against the previous close of ₹8500, up by 6 per cent.
- April 13, 2026 09:09
Forex
Rupee opens 0.6% down
Rupee opens down 0.6% at 93.28 per US dollar; previous close 92.72
- April 13, 2026 08:57
Quarterly results
Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting
At least 42 listed companies are scheduled to announce their financial results for the quarter and full year ended March 31, 2026 (Q4 FY26) during the week of April 13–18, with marquee names including HDFC Bank, ICICI Bank, Wipro, and Just Dial drawing the most investor attention.
Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting
This week, 42 companies, including HDFC Bank and Wipro, will announce Q4 FY26 financial results.
- April 13, 2026 08:54
Companies
TCS will evolve beyond its IT services identity: K. Krithivasan, CEO
Tata Consultancy Services’ (TCS) identity as an IT services firm is set to evolve, with CEO and Managing Director K. Krithivasan indicating a shift away from programming-heavy work towards AI-led roles and services.
In an interview with businessline, Krithivasan said, “We will need a lesser proportion of programmers. We require model trainers, context / prompt engineers, people who can test models and agent developers.”Checkout the full interview here
- April 13, 2026 08:52
Gift Nifty trade indicates gap down opening of 300 points for Nifty50
Indian markets are likely to see weak opening as the peace talks with Iran led by US vice-president JD Vance failed. Gift Nifty at 23,770 (7.25 am IST) indicates a gap down of opening of 300-350 points for Nifty. Despite the talks collapsed, Gift Nifty is not showing sharp weakness as feared out, said a Chennai-based market veteran. However, one has to brace for volatility he cautioned and advise day-trading traders to remain on the sidelines still clarity emerges.
- April 13, 2026 08:43
Gold falls on stronger dollar, fading Fed rate-cut hopes
Gold prices fell to a near one-week low on Monday, pressured by a stronger dollar, while a surge in oil prices following failed U.S.-Iran peace talks fuelled inflation worries and dampened expectations for Federal Reserve interest rate cuts this year.Read more here
- April 13, 2026 08:28
Crude oil jumps 7% to above $100 on US’s maritime blockade on Iran
Oil prices jumped above $100 a barrel on Monday as the U.S. Navy prepared to block ships from reaching Iran via the Strait of Hormuz, a move that could restrict Iranian oil exports, after Washington and Tehran failed to reach a deal to end the war. Read more here
- April 13, 2026 08:23
Japan’s benchmark bond yield jumps to 29-year high as US-Iran talks collapse
Yields on Japan’s benchmark government bonds (JGBs) hit a 29-year high on Monday after the U.S.-Iran peace talks collapsed and the U.S. Navy prepared a blockade of the Strait of Hormuz, sending oil prices sharply higher and fuelling inflation fears.
The benchmark 10-year JGB yield rose 5.5 basis points (bps) to 2.490%, the highest since early June 1997, while the five-year yield rose 4 bps to a record high of 1.900%. Yields move inversely to bond prices. Read more here
- April 13, 2026 08:16
Crude oil tankers steer clear of Hormuz ahead of US blockade
Crude oil tankers steer clear of Hormuz ahead of US blockade
Move follows an announcement that US forces would begin implementing the blockade of all maritime traffic entering and exiting Iranian ports on Monday.
- April 13, 2026 08:09
Quarterly results
Q4 Preview: ICICI Pru AMC likely to report 5% growth in Q4 net profit
Q4 Preview: ICICI Pru AMC likely to report 5% growth in Q4 net profit
ICICI Prudential Asset Management Company is expected to report a 5 per cent increase in net profit in the March quarter as the overall market still remains higher than last year.
- April 13, 2026 07:55
US announces maritime blockade of Iranian ports after talks fail
US announces maritime blockade of Iranian ports after talks fail
The U.S. military said it will begin a blockade of all maritime traffic entering and exiting Iranian ports and coastal areas on Monday after weekend talks failed to reach a deal to end the war with Iran, jeopardizing a fragile two-week ceasefire.
- April 13, 2026 07:42
Companies
Indobell Bags Export Order Worth $82,500 from GE Vernova USA
Indobell Insulations Limited has secured an Export Order from GE Vernova Operations LLC- Cambridge, USA for Steam Turbine Insulation - Blanket Therm worth 82,500 US Dollars (Eighty-Two Thousand Five Hundred US Dollars Only).
- April 13, 2026 07:42
Banking
PNB Celebrates 132nd Foundation Day at Yashobhoomi; and Launches 22 New Products
Punjab National Bank (PNB) celebrated its 132nd Foundation Day at Yashobhoomi, New Delhi.
Shri Ashok Chandra, MD&CEO, Punjab National Bank, extended heartfelt congratulations to the PNB family for their unwavering dedication and commitment that have shaped the Bank’s remarkable journey. The event was graced by Chief Guest Shri M. Nagaraju, Secretary, DFS; Shri Hari Har Mishra, Additional Secretary, DFS; other higher officials from DFS, RBI and other esteemed institutions along with senior Bank officials.
Key Highlights
₹1 Lakh Crore in Digital Sanctions: Demonstrating its growing digital lending capabilities, PNB announced achieving this landmark figure, underscoring its commitment to faster, technology-enabled credit solutions.
Launch of 22 New Products & Initiatives: Spanning retail banking, MSME and agriculture financing, digital services, employee capability development, and sustainability-focused solutions.
- April 13, 2026 07:40
Expert View | Outlook view for the week from Dr. Ravi Singh – Chief Research Officer (Research) – Master Capital Services Limited
Indian benchmark indices staged a strong comeback this week, with Nifty surging 5.9% to reclaim the psychologically important 24,000 mark and Bank Nifty outperforming sharply with an 8.5% gain, closing at 55,912. The rally snapped a six-week losing streak and was driven by a confluence of global and domestic factors. The most pivotal trigger was the U.S.–Iran ceasefire, which immediately drained geopolitical risk premium from global markets. Calmer Middle East conditions historically improve FII sentiment toward emerging markets, and India was a direct beneficiary this week. Closely linked was the 12%+ fall in crude oil prices following the reopening of the Strait of Hormuz. For India, which imports over 85% of its oil needs, cheaper crude is a multi-layered positive — it compresses the current account deficit, softens retail inflation, and reduces fiscal stress from fuel subsidies. On the domestic front, early Q4 business updates from banks were the surprise catalyst. Hints of stable margins, and controlled NPAs, making banking the week’s standout sector — explaining why Bank Nifty outpaced the broader Nifty by a wide margin. Finally, softening U.S. 10-year yields tilted global capital allocation in favour of emerging markets. Lower U.S. yields reduce the opportunity cost of holding EM equities, nudging foreign institutional money back into markets like India. From an institutional activity standpoint, FIIs remained net sellers for the ninth consecutive week, offloading equities worth Rs. 20710 crore. DIIs, however, provided a meaningful counterbalance, buying Rs. 21602 crore into the markets.
The Nifty 50 ended this week on a remarkably strong note, surging 5.89% and decisively snapping a six-week losing streak. Technically, the index has reclaimed its 21-day EMA, currently placed at 23,539, marking a significant bullish shift in short-term momentum. For the coming week, as long as the index holds above this 23,539 pivot, a “buy on dips” strategy is now approachable. On the upside, the 24,300 level, which aligns with the 55-day EMA, acts as a stiff resistance; however, a sustained move above this could trigger a further rally toward 24,600. Expect renewed optimism as the market finally establishes a stable bottom.
The Bank Nifty staged a powerful recovery this week, gaining 8.47% to close at 55,908 and reversing its six-week decline. Technically, the index has sustained above its 21-day EMA, which is now placed at 54,411, marking a sharp bullish shift in momentum. For the coming week, as long as the index holds above this level, a “buy on dips” strategy remains the preferred approach. On the upside, the 56,300-56,400 zone (aligned with the 55-day EMA) acts as a stiff hurdle; however, a sustained move above this could trigger a further rally toward 57,000. Expect banking heavyweights to lead the next leg of this recovery.
- April 13, 2026 07:39
Expert View | Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd.
The Indian stock market delivered a powerful comeback this week, snapping its six-week losing streak and posting its biggest weekly gain in five years. The rally was largely fueled by easing geopolitical tensions following the US-Iran ceasefire, which lifted overall market sentiment and led to strong gains across all sectoral indices. Benchmark indices Sensex and Nifty surged nearly 6% each, with around 90% of stocks witnessing positive movement. Broader markets also participated in the rally, moving in line with the benchmarks, as Nifty Bank and Midcap indices climbed approximately 8% each. Notably, the realty and auto sectors stood out, delivering double-digit returns amid strong buying interest from lower levels.
Looking ahead, the Indian stock market will remain closed on Tuesday, April 14, in observance of Dr. Baba Saheb Ambedkar Jayanti. As the new trading week begins, domestic signals appear relatively steady, although the global macroeconomic environment remains mixed and uncertain. Key global concerns persist, particularly with Brent crude oil prices trading above $96 per barrel due to disruptions in the Strait of Hormuz, intensifying fears of stagflation in the global economy.
Investor focus will now shift toward the Q4 FY26 earnings season, with major companies such as HDFC Bank, HDFC Life, ICICI Bank, and Wipro scheduled to announce their results in the coming week. Market participants will closely monitor commentary around rising input costs and their impact on corporate profitability. Additionally, India’s inflation data for March 2026, set to be released on Monday (April 13), will be a critical indicator influencing market direction.
Despite the recent rebound, overall market sentiment remains fragile, heavily influenced by ongoing geopolitical developments, the depreciation of the Indian rupee, and elevated crude oil prices. From a technical standpoint, the market structure continues to show signs of weakness, with volatility remaining high as reflected in the elevated India VIX levels.
Technically, nifty witnessed a pullback after a sharp recovery and closed above 24000; 23682 is an immediate support. 23470 and 23330 are the next support levels. 24500 and 25000 are immediate resistance levels.
BankNifty also witnessed a pullback; 54500 is an immediate support level. 54150 and 53600 are the next support levels. 57000 and 58000 are immediate resistance levels.
- April 13, 2026 07:38
Stock market
Gift trade indicates gap down opening of 300 points for Nifty50
Indian markets are likely to see weak opening as the peace talk with Iran led by US vice-president failed. Gift Nifty at 23,770 (7.25 am IST) indicates a gap down of opening of 300-350 points for Nifty. Despite the talks collapsed, Gift Nifty is not showing sharp weakness as feared out, said a Chennai-based market veteran. However, one has to brace for volatility he cautioned and advise day-trading traders to remain on the sidelines still clarity emerges. Read more here
- April 13, 2026 07:29
Stock market
Dollar and oil rise as US-Iran peace talks collapse
Oil and the dollar jumped on Monday as the failure of U.S.-Iran talks to yield an agreement left a fragile ceasefire hanging in the balance and no end to a choke on Middle East energy exports.
S&P 500 futures dropped 1% in early trade. Benchmark Brent crude futures surged 8% to $103 a barrel. The euro fell about 0.5% to $1.1672.
Moves in Asian stock markets were broadly lower but relatively modest, with investors reluctant to make big bets as they waited for signs of some form of a negotiated end to a six-week conflict that has already pushed oil prices more than 30% higher.
- April 13, 2026 07:24
Stock market
Global Bonds Slide as Failure of Talks Adds to Inflation Fears
The failure of peace talks between the US and Iran is further shifting the bond market’s focus to inflation and reinforcing expectations that interest rates will stay higher for longer.
Risk that higher energy costs will add to already elevated price pressures, delaying Federal Reserve interest-rate cuts, is front of mind for investors in the $31 trillion Treasuries complex. Traders and strategists at Pacific Investment Management Co., Brandywine Global Investment Management, and Natixis North America are bracing for yields to remain elevated — and many are reluctant to make big shifts in their allocations until there is greater clarity on the inflation outlook.
Friday’s release of inflation data for March showed consumer prices jumped the most on a monthly basis since 2022. That pushed 10-year Treasury yields above 4.3% and prompted traders to trim bets on rate cuts this year. Yields climbed a further three basis points Monday to 4.35% after President Donald Trump ordered a blockade of the Strait of Hormuz following the collapse of the weekend talks.
- April 13, 2026 07:18
Agriculture
Heranba Industries Enters Crop Nutrition Segment with New Launch
Heranba Industries Limited (BSE, NSE: HERANBA), a leading Indian agrochemical company, today announced its strategic entry into the fastgrowing crop nutrition segment, marking a significant milestone in its growth journey.
The announcement was made at a grand launch event held at Leonia Holistic Destination, where Chairman S. K. Shetty and Managing Director R. K. Shetty unveiled a premium portfolio of innovative crop nutrition solutions aimed at enhancing farm productivity across India and global markets.
Launch of Innovative Crop Nutrition Solutions
The company introduced two breakthrough products:
- Fentaamine™ - A next-generation bio stimulant engineered to enhance plant metabolism, improve stress tolerance, and boost crop yield.
- MycoHil™ - An advanced biofertilizer designed to improve nutrient absorption, strengthen soil microbiology, and promote sustainable agriculture practices.
- These products have been developed in collaboration with a leading American multinational company, combining global research expertise with Heranba’s robust manufacturing capabilities.
Commenting on the launch, R. K. Shetty, Managing Director of Heranba Industries Limited, said: “The crop nutrition segment is witnessing a strong CAGR of over 15% globally and in India. Our entry into this space is a natural strategic progression. We are targeting accelerated growth from this segment over the next three years. By integrating global R & D with our manufacturing strengths, we aim to deliver world-class, sustainable solutions to farmers.”
Growth Strategy: Vision 2026
The company’s entry into crop nutrition is aligned with its broader Vision 2026 growth roadmap:
- Revenue Target: Achieving total turnover of ₹2,500 crore in the current fiscal year.
- Global Expansion: Expanding footprint across 80+ countries, with plans to establish a subsidiary in Dubai to strengthen presence in the Middle East and Africa.
- Manufacturing Excellence: Leveraging seven world-class manufacturing facilities and scaling up Contract Manufacturing Organization (CMO) operations to drive capacity utilization and brand equity.
- April 13, 2026 07:17
Banking
Niyogin Fintech AUM Jumps 26%, iServeU Revenue Up 56%
Niyogin Fintech Limited (BSE: 538772) has released its provisional business update for the fourth quarter of the 2026 fiscal year. The company demonstrated significant growth across its two primary verticals: its lending business and its tech-driven subsidiary, iServeU. CEO and Managing Director Tashwinder Singh attributed the performance to aggressive portfolio expansion and a robust stable of new partnerships.
Lending Momentum: AUM Increases by 26%
The company’s gross Loan Assets Under Management (AUM) reached ₹351.2 crore as of March 31, 2026. This represents a healthy 26% year-on-year (YoY) increase from the ₹278.8 crore reported in the same period last year. On a sequential basis, the AUM grew by 12% compared to the third quarter of FY2026, indicating a steady acceleration in credit disbursement and portfolio buildup throughout the year.
iServeU, the company’s fintech-as-a-service arm, continues to be a major growth engine.
Quarterly Growth: The net revenue for iServeU Tech reached ₹21.2 crore in Q4 FY2026, marking a significant 56% YoY growth.
Order Book: The most striking highlight is the iServeU Tech order book, which currently stands at ₹610 crore, providing high revenue visibility for the coming fiscal cycles.
Full-Year Performance: For the entire 2026 fiscal year, iServeU recorded a total net revenue of ₹74.9 crore.
While the quarterly revenue remained flat on a quarter-on-quarter (QoQ) basis compared to Q3, the stable performance and massive order backlog position the company to maintain its momentum as it enters the 2027 fiscal year.
- April 13, 2026 07:16
Banking
Muthoot Finance Declares ₹30 Interim Dividend (300%)
The Board of Directors of Muthoot Finance Limited at its meeting conducted today, April 10, 2026 have considered and approved the payment of an interim dividend of Rs. 30 (Rupees Thirty) per equity share (300%) for the Financial Year 2025-26.
Shareholders whose names appear as on close of business hours of April 17, 2026 (”Record Date”) (1) as Beneficial owners as per the list to be furnished by the Depositories in respect of the shares held in electronic form and (2) as Members in the Register of Members of the Company in respect of shares held in physical form, would be entitled to receive the interim dividend. The interim dividend will be paid to the shareholders within 30 days from the date of declaration
- April 13, 2026 07:15
Companies
PC Jeweller Cuts Debt by Another 14% Under Settlement Plan
In line with the Company’s objective of achieving a debt-free status, PC Jeweller Limited has successfully reduced its outstanding debt that was payable to the banks under the terms of Joint Settlement Agreement, by another approximately 14%.
With this reduction, the Company has discharged and repaid majority of its outstanding debt that was due to the banks, validating a significant and rapid progress towards its financial goal of accomplishing a debt-free status in near future.
- April 13, 2026 07:15
Companies
EPACK Durable Receives ₹37.5 Cr PLI Incentive Disbursement
EPACK Durable Limited has confirmed, further to the sanction letter dated March 30, 2026 received from IFCI Limited, a Government of India undertaking, in relation to the Production Linked Incentive (PLI) Scheme for White Goods for the Financial Year 2024-25, the Company has now received disbursement of the said incentive.
Accordingly, an incentive amount of Rs. 37,50,00,000/- (Rupees Thirty Seven Crores Fifty Lakhs only) has been disbursed to the Company under the PLI Scheme
- April 13, 2026 07:14
3i Infotech Subsidiary Wins US Contract for Lending CoE
3i Infotech Inc., USA, a material wholly owned step-down subsidiary of the Company, has received an order on April 9, 2026 from a leading US-based credit union, for the establishment of an Enterprise Application Center of Excellence (CoE) for Lending & Collections platforms.
The engagement involves end-to-end responsibility for application management across lending and collections platforms, in close collaboration with business and technology stakeholders, enabling improved operational efficiency, scalability, and alignment with the client’s evolving digital and business requirements. The contract is awarded for a period of 9 months. The total value of the order is approximately Rs. 2.76 crores i.e. USD 297,000 (exclusive of applicable taxes).
- April 13, 2026 07:14
Companies
Digilogic Systems Secures ₹1.15 Cr Defence PSU Order
Digilogic Systems Limited has received a purchase order from Defence PSU worth of Rs.115 Lakhs (exclusive of GST) in the ordinary course of business for Supply, Installation and Commissioning of Over the Air TRM characterization facility to test and evaluate Radar sub-systems
- April 13, 2026 07:13
Companies
Airfloa Rail Bags ₹1.25 Cr Order from Rail Coach Factory
Airfloa Rail Technology Limited has received new order of worth ₹ 1,25 Crores on 10th April 2026 from Rail Coach factory, Kapurthala, 144602.
The domestic order involves supply of Set of Luggage Rack Modules for LHB NON AC & AC CHAIR CAR COACHES as per the list stated in the purchase order total value of ₹ 1.25 Crores.
- April 13, 2026 07:12
Companies
Baazar Style Retail Expands Footprint with Two New Stores
Baazar Style Retail Limited has opened two new stores of Style Baazar at Rai Bareli Road, Uttar Pradesh and Axis Mall, West Bengal, today.
With this addition, the total number of stores as on date stands at 269.
- April 13, 2026 07:11
Stock in Focus: NCL Industries Limited
Annual Performance: For the full financial year, both production and dispatches grew by 2%, totaling 27.68 lakh MT and 27.62 lakh MT, respectively.
The non-cement segments faced a challenging year, with production and sales volumes seeing a notable decline:
Cement Boards: Production for the quarter plummeted by 51%, while annual dispatches fell by 29% compared to the previous fiscal.
Ready Mix Concrete (RMC): Annual production and sales volumes dipped by 12% to 2.76 lakh CuM.
Doors Business: The doors division saw the sharpest decline, with quarterly production and sales dropping nearly 100%, and annual volumes falling 94% (from 32,146 units last year to just 1,934 units this year).
- April 13, 2026 07:11
Two dozen stocks including, L&T, NTPC, HUDCO, NBCC, Zaggle, AstraZeneca, Apollo Hospitals, Shalby, TGV Saraf will be in focus on Monday
Two dozen stocks including, L&T, NTPC, HUDCO, NBCC, Zaggle, AstraZeneca, Apollo Hospitals, Shalby, TGV Sraac will be in focus today
Stocks like L&T, NTPC, and AstraZeneca are in focus as companies announce major projects and expansions this Monday.
- April 13, 2026 07:05
Stock market
Nifty & Bank Nifty இந்த வாரம் (13 Apr'26 to 17 Apr'26) என்ன ஆகும்? எங்கு செல்லும்?
- April 13, 2026 07:04
Stock market
Nifty Prediction for the week: April 13-17
- April 13, 2026 07:03
Industry update
NCL Industries Reports Stable Cement Growth in Q4 FY26
NCL Industries Limited has released its production and dispatch figures for the quarter and full year ended March 31, 2026. The data reveals a steady performance in the core cement segment, contrasted by significant headwinds in the boards and doors divisions.
Cement Segment Shows Resilient Growth
The company’s backbone, the cement division, maintained positive momentum despite market fluctuations.
Quarterly Performance: Cement production rose by 2% to 8,02,600 MT, while dispatches saw a modest 1% increase compared to the same quarter last year.
- April 13, 2026 07:02
Today's Pick: SJS Enterprises (BUY)
- April 13, 2026 06:57
How govt policy initiatives to impact shares of EV makers, oil exporters
How govt policy initiatives to impact shares of EV makers, oil exporters
Share of IOC, BPCL, HPCL and Reliance Industries will remain in focus as the Finance Ministry on Saturday hiked the windfall gain tax on export bound diesel and aviation turbine fuel (ATF) by over 158 per cent and 42 per cent, respectively, with immediate effect
- April 13, 2026 06:49
LIC board meets today to consider maiden bonus issue
LIC board meets today to consider maiden bonus issue
The board of directors of Life Insurance Corporation of India meets on April 13 (today) to consider and recommend a proposal to issue bonus shares to shareholders. If approved, it would be the first bonus issue from the insurance behemoth.
- April 13, 2026 06:46
Sectoral Performance: Nifty 50
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- April 13, 2026 06:45
Stock market
Nifty 50: Closing numbers on April 10, 2026
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- April 13, 2026 06:44
Stock market
Japan Bond Yields Hit 26-Year High
Japan’s bond yield just broke above the century high - for the first time in 26 years!
- April 13, 2026 06:42
Stock market
Morning Updates: April 13, 2026
Nifty Highest OI
(13th April Expiry)
Call:25000/Put: 23000
Nifty 50 EMA - 24213
Nifty 200 EMA- 24856
Nifty Spot - 23775
Nifty 100 PE - 20.5
Nifty 50 PE - 20.9
Nifty PCR. - 0.92
Nifty Cash Market Volume - 120k Cr
FII Index Long Futures decreased to 20% from 21%
S&P 500 : +0.62%
Brent Futures : 96.5
Dollar Index : 98.9
USD INR. : 92.8
- April 13, 2026 06:41
Mazagon Dock Acquires Colombo Dockyard
Mazagon Dock Shipbuilders Limited has taken control of Sri Lanka’s Colombo Dockyard with a 51% stake, marking India’s first overseas shipyard acquisition worth $26.8 million.
India’s defence PSU under the Ministry of Defence confirmed that Colombo Dockyard PLC, Sri Lanka’s largest shipbuilding and repair facility, is now its subsidiary after the deal was completed in April 2026.
The move aligns with India’s Maritime Amrit Kaal Vision 2047 and expands its footprint beyond domestic naval manufacturing.
Located at the strategically critical Port of Colombo, the dockyard has been operational since 1974 and serves both civilian and defence shipbuilding needs.
The integration signals a deeper operational and strategic alignment between the two entities.
The move comes at a time when Sri Lanka’s maritime assets have been at the center of geopolitical contestation, particularly with China’s growing footprint in ports like Hambantota.
- April 13, 2026 06:40
Stock market
Q1 2026: equity flows
JAN-MAR_ 2026
Instl. Investors
EQUITY FLOWS
NIFTY (-14.54%)
FII Net SELL 148910 Cr
FII IPO-OFS Net 10640
MF Net BUY 152610 Cr
DII Net BUY 98105 Cr
JIGNESH CHITNIS
- April 13, 2026 06:37
Technical call buy
Stock to buy today: S.J.S. Enterprises (₹1,789.75) – BUY
Stock to buy today: S.J.S. Enterprises (₹1,789.75) – BUY
Buy S.J.S. Enterprises shares at ₹1,790; target ₹2,000 with strategic stop-loss adjustments for optimal trading.
Published on April 13, 2026
