Scan to Download
Indian equity benchmarks posted their strongest weekly gain in more than five years, driven by improving global sentiment after the United States and Iran agreed to a ceasefire. The NSE Nifty 50 and the BSE Sensex rallied nearly 6% during the week, marking their best performance since the first week of February 2021.
On Friday, the 50-stock index rallied 1.2% to close at 24,050.50 and the 30-share index gained 1.2% to 77,550.25.
Meanwhile, Oil prices moved higher on Friday as tensions around the Strait of Hormuz continued despite the ceasefire deal between the US and Iran. US West Texas Intermediate crude futures for May delivery rose 0.7% to $98.58 a barrel during early European hours. Brent crude futures for June delivery also gained 0.7% to $96.56 a barrel.
Elsewhere, US futures trade lower. S&P 500 futures were down 0.15%, while Nasdaq 100 futures fell 0.16%. Futures tied to the Dow Jones Industrial Average declined 106 points, or 0.22%.
Ukraine’s US dollar bonds extended gains after progress was reported in talks with Russia, according to a Bloomberg report.
A top aide to Volodymyr Zelenskyy said Ukraine is seen nearing a deal with Vladimir Putin, according to a Bloomberg report.
SJVN has appointed Parthajit De as chief financial officer, according to an exchange filing.
Toyota Kirloskar Motor on Friday said it has entered into a partnership with Wipro 3D to establish a Centre of Excellence (CoE) in additive manufacturing at the Toyota Technical Training Institute in Bidadi.
Anand Rathi Wealth has crossed Rs 1 lakh crore in assets under management (AUM), the company has confirmed in an exchange filing on Friday.
ITC and Godfrey Phillips are in focus today following an Informist report that suggest cigarette sales have fallen up to 5% in March and is down further in April.
This is a direct impact of the GST hike that forced these companies to pass the additional charges to the customers.
READ MORE: ITC, Godfrey Phillips Shares In Focus Amid Reports Cigarette Sales Plummeting
UCO Bank has kept its marginal cost of funds-based lending rate unchanged across tenors, according to an exchange filing.
The cut-off price for India’s 6.48% 2035 bond was set at Rs 96.67, Bloomberg reported on Friday.
Active equity inflow stood at Rs 40,540 crore in March. That compares with Rs 25,978 crore in the previous month.
Open interest data shows strong activity around the 23,900–24,000 strike, indicating this zone as a key level for Nifty.
Put writing is visible at lower strikes, suggesting support building below current levels.
Call positions remain higher at upper strikes, indicating resistance on the upside.
PCR trends moved higher during the session, reflecting improving put activity versus calls.
Source: Bloomberg
RailTel has received an order worth Rs 23.2 crore to develop an online portal for the Goa Building and Other Construction Workers Welfare Board, according to exchange filings.
Wipro shares held gains after the company said its board will consider a buyback along with Q4 results on April 16. The buyback plan is in focus as investors assess the company’s capital allocation move alongside its earnings update.
TCS shares fell as much as 2.3% to Rs 2,530 after the Q4 results announcement. The stock was the top loser on both the Nifty and the Sensex.
He said India remains well positioned amid the geopolitical conflict, with markets expecting H2 to be better than H1 FY26.
He flagged oil above $100 per barrel as a key risk and said trading during geopolitical events remains difficult.
He added that uncertainty remains high, while noting recent developments around US and Iran.
TCS is in focus after its FY26 dollar revenue fell for the first time since listing. KEC is also on the downside watchlist after receiving a Rs 46 crore tax demand from the Income Tax Department.
Among other updates, Prestige Estates has entered a joint venture with ABIL Group with gross development value of Rs 9,000 crore, while Godfrey Phillips said the plaintiffs have unconditionally withdrawn the suit filed against the company.
It raised overweight on financials and cut IT to underweight, indicating a shift in sector preference.
The brokerage said market sentiment had turned bearish and may have crossed peak stress linked to the Iran conflict.
It made portfolio changes, adding Varun Beverages, Mahindra & Mahindra and Larsen & Toubro, while exiting ITC, Bajaj Auto and NTPC.
It said Bajaj Finance offers better risk-reward than IndusInd Bank and prefers Vedanta over Ultratech Cement.
It trimmed FY27 earnings estimates across sectors by 2–10% and lowered India GDP growth forecast by 50 basis points.
The brokerage flagged risks from higher crude, a weaker rupee and foreign investor outflows.
It expects Q4FY26 Nifty earnings growth at 4% YoY, with margins expanding, but sees pressure building into Q1FY27.
Annualised AI revenue crossed $2.3 billion, with FY26 marked as a key year for AI scale-up.
The company said it has completed its restructuring programme and reported no one-off impact in Q4.
It expects some SG&A costs to remain elevated and remains positive on FY27 and international business.
The company said it is working with Anthropic and will announce a partnership soon.
Ebit rose 5.8% to Rs 17,870 crore, while margin stood at 25.27%, in line with estimates.
Deal wins came in at $12 billion versus estimates of $10 billion, with four large clients added.
Revenue grew 1.2% in constant currency terms in Q4, while FY26 revenue declined 2.4%.
Annualised AI revenue rose to $2.3 billion from $1.8 billion in Q3.
Headcount increased by 2,356 after declines over the previous three quarters.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
