Global cues weigh on Dalal Street as oil spike fuels investor worries
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.
Pharma stocks buck market weakness as Dr Reddy’s gains
Pharma stocks showed strength on Thursday, defying market weakness. Dr Reddy’s Laboratories saw significant gains, fueled by anticipation of approval for its Semaglutide diabetes drug in Canada. Other pharma companies also experienced upward movement. This defensive sector appeal is attracting investors amid uncertain market conditions and geopolitical concerns.
IT majors see strong deal pipeline but revenue momentum cools in Q4
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.
FIIs increase stake in Suzlon Energy for third straight quarter. What’s keeping them interested?
Foreign institutional investors have increased their stake in Suzlon Energy for the third consecutive quarter, signalling sustained confidence despite broader market outflows. Strong earnings expectations, a robust order book, improving balance sheet and sector tailwinds from rising power demand and geopolitical factors continue to support investor interest in the stock.
What made Putin sell 22,000 kg gold from Russia this year?
Russia’s central bank has sold 21.8 tonnes or 22,000 kilograms of gold so far in 2026 to help fund the country’s widening budget deficit, which had reached $61.2 billion by the end of March, a Kitco report said, citing Russian and Ukrainian news.
13 stocks surge up to 180% YTD; 2 turn multibaggers . Do you own any?
Thirteen stocks have defied the broader market slump in 2026, surging up to 180% in just four months, with two turning multibaggers despite weak headline indices.
US stocks close lower on fading hopes for quick Iran deal, mixed quarterly earnings
U.S. stocks declined amid escalating Iran war concerns and mixed earnings. Hopes for a swift resolution dimmed as Iran tightened control over the Strait of Hormuz and reported air defense activations. Investors also reacted to AI disruption fears in the software sector, with IBM and ServiceNow shares falling, while Texas Instruments surged on positive forecasts.
Union Bank Q4 Results: Net profit rises 7% YoY to 5,316 crore, provisions jump 3x
Union Bank Q4 Results FY26: Union Bank of India reported mixed Q4 results with profit dropping 6.6% YoY to Rs 5,316 crore, while provisions nearly tripled, denting sentiment. Asset quality improved, but NII declined slightly. The bank’s board also recommended a Rs 5 dividend along with the Q4 earnings
Worst of market uncertainty likely behind us: Trideep Bhattacharya
Markets are showing cautious optimism, recovering from recent lows as investors believe the worst of war-related uncertainty may be behind us. Edelweiss AMC suggests a gradual normalization by April, but warns of economic risks if oil prices remain elevated. Midcaps and smallcaps are regaining investor interest due to attractive valuations.
Trent’s margins may stabilise as growth enters a cautious phase: Jignanshu Gor
Trent Ltd. is entering a more measured growth phase after sharp expansion, with Q4 performance showing improved margins due to operational efficiency and a better brand mix. While Zudio continues its rapid store additions, declining revenue per square foot signals a potential plateau in margin expansion.