Indian benchmark indices faced profit booking, with Nifty declining by 1.22% and Sensex shedding 925 points. FMCG outperformed, while Defence and IT sectors declined. Analyst Sudeep Shah suggests a cautious, stock-specific approach amid global tariff uncertainty and Q1 earnings. Nifty’s fall below key levels signals weakness, while Bank Nifty remains range-bound. Tourism, CPSE, and PSE sectors show relative strength.
CoinSwitch swings to profitability in FY26 as crypto platform’s revenue climbs 150% to Rs 324 crore
CoinSwitch achieved profitability based on Adjusted EBITDA for FY26, with revenue growth of 150%. The company’s revenue reached Rs 324.19 crore, leading to an Adjusted