Day

April 7, 2026
SpaceX is preparing for a groundbreaking IPO, planning to allocate an unusually large share to retail investors, potentially up to 30%. This move aims to reward supporters and broaden participation beyond traditional institutions. The company is also targeting a record-breaking $75 billion raise at a $1.75 trillion valuation.
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CreditAccess Grameen shares surged after reporting strong FY26 disbursement growth and robust Q4 performance. The company posted steady portfolio expansion, improved asset quality, and sharp profit growth in Q3. Rising retail contribution and borrower additions signal sustained momentum, despite past stress in the microfinance sector.
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Jefferies has turned cautious on India’s travel sector as the Iran–Middle East war hurts international traffic, lifts fuel costs and weakens foreign tourist arrivals. It trims earnings for airlines, hotels and travel-tech names, while maintaining BUY ratings on GMR Airports, IndiGo and key hotel stocks.
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India’s market resilience faces a countdown as crude oil hovers above $100 a barrel. Geojit’s Dr. V K Vijayakumar warns that a prolonged spike threatens inflation and GDP, with the window for a “painless” recovery closing. Investors are on high alert as geopolitical tensions simmer.
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Kalyan Jewellers reported a strong March quarter performance with 64% revenue growth, driven by robust India demand and rising international sales. Candere saw exceptional traction, while store expansion continued. Despite geopolitical disruptions, momentum remains positive with strong wedding demand, festive outlook, and healthy advance collections supporting growth visibility ahead.
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Jubilant FoodWorks shares dropped significantly after the Domino’s Pizza operator reported provisional Q4 FY26 results that missed analyst estimates. While consolidated revenue rose, standalone revenue and Domino’s India’s like-for-like growth were weaker than anticipated. The company also announced its exit from Dunkin’ India due to persistent losses.
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Swan Defence and Heavy Industries secured a significant order to build four 92,500 DWT dual-fuel ammonia bulk carriers, a first for India. This Rs 1,500-3,000 crore project marks a major advancement in the nation’s shipbuilding capabilities, with the first vessel slated for delivery in October 2029.
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Indian stock markets experienced a sharp downturn on Tuesday, with Sensex and Nifty 50 falling significantly. This decline, wiping out over Rs 3.5 lakh crore in market capitalization, was attributed to geopolitical tensions, rising oil prices, and other investor concerns. Several major companies saw substantial losses, impacting the broader market sentiment.
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Gold and silver prices opened marginally lower on MCX on Tuesday as rising Middle East tensions and surging crude oil prices dented investor sentiment. US President Donald Trump’s sharp warning to Iran over reopening a key strait added to uncertainty. Silver futures dropped 0.7%, while gold slipped 0.2%, reflecting cautious trade amid geopolitical risks and...
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