BofA Securities has significantly lowered its earnings growth forecast for Nifty 50 companies to 8.5% for FY27, citing rising stagflation risks and potential impact of high crude oil prices. The brokerage also reduced India’s GDP growth estimate and warned of a severe downturn in a worst-case scenario. Despite this, a resolution to the Iran conflict could boost the market.Read More
Reliance Industries shares have fallen sharply over two days, erasing over Rs 1 lakh crore in market value amid weak technical indicators and policy concerns. Analysts see near-term pressure with key support levels in focus, though stability above these levels could trigger a short-term rebound in the stock.Read More
The Reserve Bank of India has tightened foreign exchange rules to shield the rupee from offshore market pressures, including capping banks’ net open FX positions and barring non-deliverable forward contracts. These measures aim to curb speculation and prevent offshore activity from depleting RBI’s FX reserves.Read More
The Nifty PSU Bank Index rose 0.5% on Monday, defying a broader market decline, as several lenders reported strong March quarter business updates. Banks like Bank of Baroda and Bank of Maharashtra saw significant gains following positive growth figures in deposits and advances, indicating resilience despite rising bond yields.Read More
Indian equity markets face policy risks from US tariffs and West Asia conflict. These issues impact metals and pharmaceutical sectors. Expert Sudip Bandyopadhyay provides stock-specific insights. Vedanta and NALCO are well-positioned in aluminium. Tata Steel faces uncertainty due to European operations. Sun Pharma and Glenmark are at risk in the pharmaceutical sector due to branded drug exposure.Read More
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