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Indian stock markets declined nearly 1% on Thursday, mirroring losses in Asian benchmarks as Brent oil prices surpassed $100, fueling cautious sentiment. Analysts anticipate range-bound trading until strong market triggers emerge, with the Nifty closing at 24,173.05 and Sensex at 77,664.Read More

HSBC has downgraded India to underweight, citing inflationary pressures from elevated oil prices and demand as key concerns. The brokerage anticipates a delay in India’s economic recovery, with potential earnings cuts expected to impact valuations despite recent market sell-offs. This downgrade reflects weakening relative attractiveness for Indian equities compared to regional peers.Read More

Global oil price surges, triggered by the US-Iran conflict, have fueled a significant increase in retail trading of crude derivatives on Indian exchanges. Futures and options volumes saw a dramatic rise in March, with traders actively participating in short-tenure positions despite tightened trading conditions and higher margins.Read More

The Indian Rupee fell for the fourth consecutive day on Thursday. This decline followed the Reserve Bank of India’s decision to remove restrictions on foreign exchange trading. Higher crude oil prices also contributed to the Rupee’s weakening. The currency closed at 94.11 against the US Dollar. Brent crude futures surpassed the $100 per barrel mark.Read More

Indian IT firms are seeing steady new deals and operating margins. However, revenue growth is slowing down quarter-on-quarter because projects are delayed. Artificial intelligence also poses a risk to future earnings. Companies like Infosys and HCLTech have given cautious growth forecasts for the upcoming financial year. IT stocks may face pressure in the short term.Read More