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Nifty 50 companies are projected to see a 1.1% dip in net profit for the March quarter due to one-off gains in the previous year and lower expected profits from banking, pharma, and IT sectors. Revenue is anticipated to grow 8.3%, with operating margins expected to contract by 70 basis points.Read More

The rupee saw a slight gain on Monday, trading within a narrow band as banks unwound arbitrage positions. Demand from importers and oil companies, however, capped its rise. Forward premiums surged to multi-year highs due to hedging needs. Analysts anticipate the rupee to hover around 93/$ this week, with future movements contingent on oil prices.Read More

Indian sovereign bond yields saw a significant drop on Monday. This retreat followed reports of a potential de-escalation in the West Asia war. Expectations of a peace framework between the US and Iran boosted market sentiment. Additionally, a lower-than-anticipated state borrowing plan for the April-June quarter provided further support. Bond traders are now awaiting the central bank’s policy rate decision.Read More

The Reserve Bank of India is tightening oversight of foreign-exchange markets and non-deliverable forward (NDF) norms to curb rupee volatility. Recent directives cap banks’ net open foreign-exchange positions and prohibit offering rupee NDF contracts, forcing unwinding of existing positions and preventing new ones. These measures aim to stabilize the rupee by reducing arbitrage opportunities and offshore influence.Read More

Indian markets closed with over 1% gains, though volatility persisted. Analysts eye crude oil prices and India Vix for sustained recovery. Key stocks like Nykaa, NMDC, and Godrej Consumer are in focus due to Q4 results and news. PC Jeweller reported 32% revenue growth, while Titagarh Rail’s subsidiary secured approval for expansion.Read More