Day

April 16, 2026
Oil prices stayed below $95 as hopes of a US-Iran deal cooled supply concerns, with near-term direction hinging on progress in geopolitical talks and actual restoration of supply flows.
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Aurobindo Pharma has announced an ₹800-crore buyback at ₹1,475 per share, with April 17, 2026 set as the record date—meaning investors must buy shares before this date to be eligible.
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A weaker dollar supported gold prices, as uncertainty around US-Iran developments kept safe-haven demand intact.
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Going forward, the 24,250–24,300 zone is likely to act as a crucial resistance band. A decisive move above this range could trigger a rally towards 24,750–24,800. On the other hand, failure to break above 24,300 convincingly may lead to renewed selling pressure in the market.
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Trump, according to news reports, said that the US-Iran peace talks could resume in Islamabad over the next two days following the breakdown of negotiations over the weekend. Earlier, the US said its navy had blockaded traffic to and from Iranian ports in response to Iran’s disruption of shipping through the Strait of Hormuz.
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SEBI has allowed companies to revise IPO fresh issue sizes by up to 50% without refiling a draft offer document, according to sources. The move aims to ease capital raising in volatile markets. Currently, firms must refile if the issue size changes by more than 20% from the original plan.
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Active client numbers across India’s top brokerages fell in FY26, indicating a slowdown in retail trading activity amid volatile markets. Six of the top 10 brokers reported a year-on-year decline, with Upstox seeing the steepest drop at 27.64%, followed by Zerodha and Motilal Oswal. Angel One, HDFC Securities, and Kotak Securities also posted declines.
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Oil prices dipped today as reports suggested Iran might allow ships through the Strait of Hormuz. This potential easing of tensions with the U.S. is currently overshadowing worries about ongoing supply disruptions. Investors remain cautious, however, as past talks have faltered. The U.S. is also considering further talks with Iran. Crude inventories in the U.S....
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U.S. stock benchmarks S&P 500 and Nasdaq hit record highs, fueled by easing U.S.-Iran tensions and strong earnings expectations. Oil prices stabilized as Iran signaled potential allowances for ships around the Strait of Hormuz, though transit remains limited. Major banks reported robust profits, bolstering market confidence.
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Expectations of a possible Iran peace deal kept the US dollar near six-week lows as investors shifted toward riskier assets amid easing geopolitical tensions.
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