18/04/26, Iran Slams Trump's False Claims

Iran Parliament's speaker Mohammad Bagher Ghalibaf on Friday sharply criticised US President Donald Trump, accusing him of making false claims about the ongoing standoff between Washington and Tehran and warning that continued pressure on Iran could have serious consequences for global shipping.

In a post on X, Ghalibaf said Trump had made “seven claims in one hour, all seven of which were false,” adding that the United States had failed both in conflict and in negotiations and would not succeed through what he described as misinformation.

He also warned that the Strait of Hormuz — a vital route for global oil shipments — would not remain freely open if the current blockade of Iranian ports continues. Ghalibaf said maritime movement would instead be subject to Iran's control, with routes determined by “field conditions” rather than political messaging. Echoing the stance, Iranian lawmaker Ebrahim Azizi said vessels passing through the strait must comply with a new system set by the Islamic Republic, underscoring Tehran's intent to assert authority over the waterway.

The remarks come amid heightened tensions and conflicting narratives over a potential diplomatic breakthrough. Trump has repeatedly expressed confidence that Iran is close to agreeing to a peace deal, claiming Tehran could suspend its nuclear programme and that the Strait of Hormuz would reopen fully to commercial traffic. He has also insisted that any agreement would not involve releasing frozen Iranian funds, framing the negotiations as a firm U.S. position without concessions.

However, Iranian officials have pushed back on these assertions, signalling that key differences remain unresolved. The contrasting positions highlight the fragile and uncertain nature of talks, even as both sides signal openness to continued engagement.

source: social media, Network18 

18/04/26, Trump Claims

Traders spent this week betting that the US conflict with Iran is all but over — driving stocks to records, dumping the dollar and pushing oil to around $90 a barrel.

A ceasefire between Israel and Hezbollah in Lebanon and Iran's decision to reopen the Strait of Hormuz to commercial shipping sent risky assets surging anew on Friday, extending a rally that pushed the S&P 500 to a fresh record and fueling its biggest monthly advance since 2020.

Donald Trump signalled that an Iran peace deal was all but done, trumpeting agreements on the Strait of Hormuz and Tehran's nuclear program.

In a rapid-fire stream of social media posts, Trump hailed a "GREAT AND BRILLIANT DAY FOR THE WORLD!" but without specifically announcing a deal with Iran.

The celebratory tone continued with a series of shout-outs to mediator Pakistan and Gulf allies -- and a rebuke to NATO to "STAY AWAY" as he rejected an offer from the Western alliance to help secure the strait.

President Donald Trump said Iran had agreed to suspend its nuclear program indefinitely and that a deal to end the war is mostly complete, with talks likely this weekend. Iran has yet to confirm any agreement.

Bank of America Corp.'s cross-market risk gauge, which measures turbulence priced across global equities, rates, currencies and commodities, is headed for its second-fastest monthly drop on record, with only the early pandemic recovery declining faster.

The S&P 500 took just three weeks to rally from its war low to an all-time high. The dollar on Friday briefly erased all of its war-fueled gains. Yet the damage from seven weeks of conflict will take far longer to undo.

The Strait of Hormuz was closed for most of the conflict, crude prices are still materially higher than their pre-war levels, and global food supply chains that depend on the waterway remain disrupted. Inflation expectations have shifted and central banks have been forced to delay interest-rate cuts. And none of that reverses even if a peace deal is signed this weekend.

“The markets think that the most likely outcome is gradual de-escalation, but there are very fat tails. This is a legitimate inflation spike,” said Daniel Ivascyn, group chief investment officer at Pacific Investment Management Co.

Also fueling the rush: the fear of being left behind after the rebound in animal spirits witnessed last year when President Donald Trump walked back the fiercest of his global tariffs. Burned by that experience, traders are front-running a full recovery before the damage to supply chains, energy infrastructure and consumer confidence has begun to reverse. Commodity trading advisers who had been positioned short equities were forced to flip long and chase the rally.

The S&P 500 posted a third straight week of gains exceeding 3%. Global stocks also set all-time highs. The rebound from the late-March low to a record happened faster than any recovery of that magnitude, according to Asym 500's Rocky Fishman.

The rally hasn't been driven by peace optimism alone. Resiliency in the US economy, a stronger-than-expected earnings season and excitement around artificial intelligence demand have all provided independent momentum. S&P 500 earnings growth for 2026 has been revised up almost three percentage points, with profit momentum expected to build this year, according to Marcella Chow, a global market strategist at JPMorgan Asset Management.

“Even if conflict-related effects were to reduce EPS growth by mid-single digits, that would still imply the potential for double-digit earnings growth,” she added.

Profit forecasts for emerging-market companies are also hitting record highs, with analysts raising estimates for companies in the MSCI emerging equity index by 23%, the fastest pace since 2009. Forecasts continued to climb even after the war broke out, according to data compiled by Bloomberg.

Hedge funds have piled into bearish positions on the dollar, and the Bloomberg Dollar Spot Index on Friday briefly erased all its gains from the war. Having lured investors seeking safety since February, the currency's reversal is among the sharpest signals of the shift in sentiment.

But the bond market is less convinced. Shorter-dated government bonds have been among the most volatile assets in recent weeks, with two-year Treasury yields rising about 30 basis points since the start of the war and equivalent UK gilts climbing around 60 basis points. Before the war, traders were pricing in multiple Fed rate cuts this year. Now they see about a 60% chance of just one.

“There is pretty much no risk premium priced into financial markets outside of some at the front end of rates,” said Andrew Chorlton, chief investment officer for fixed income at M&G Investments. “Inflation expectations past a year or two — there's no risk priced now.”

Then there is oil — the asset class where the gap between market optimism and physical reality has been the widest. Futures have plunged but the real-world cost of crude remains elevated, reflecting disrupted shipping routes, elevated tanker rates and depleted inventories that analysts say will take weeks if not months to normalize.

Some money managers see an opportunity in the uncertainty itself. Mark Dowding, chief investment officer for fixed income at RBC BlueBay Asset Management, said he has started buying inflation-linked bonds in Europe — a bet that yields have risen enough to be attractive on their own, with the added benefit of protection if inflation overshoots again.

There is a reason for the confidence. Markets have developed a reflex over the past decades to fade every geopolitical event, and it has been right almost every time, according to Maxence Visseau, founder of Arkevium, an investment firm specializing in macro trading strategies. When Russia invaded Ukraine in February 2022, global stocks settled down just 0.6% on the day and the S&P 500 gained 1.5%. The two notable exceptions — 1973 and 1990 — both involved a sustained oil supply disruption.

Whether this war joins that short list depends on what happens in the next few weeks. As Laura Cooper, head of macro credit at Nuveen, which oversees $1.4 trillion in assets, put it: “The real mispricing in markets is treating this as over when the underlying vulnerabilities remain.”

source: Network18, Social Media 

17/04/26, INR vs USD: The Indian currency strengthened to around 92.6 against the benchmark US dollar during the morning market session on Friday, April 17, due to the positive sentiment in the domestic equity markets and the temporary easing of the geopolitical tensions in West Asia.

At 12:02 am (IST), the Indian rupee was trading 0.39% lower as the currency strengthened to 92.654 against the US dollar, compared to 93.025 levels at the previous currency market close, according to Investing.com data on Friday.

According to a PTI report, foreign traders were buying Indian equities which in turn supported the domestic currency amid the constant pressure from the dollar demand in the market.

NSE data showed that on Thursday, the foreign investors purchased a total of ₹382.36 crore worth of assets in the capital markets segment due to the improving sentiment and the lower oil prices boosting investors confidence for emerging market investments.

The news report also highlighted that the Indian rupee opened at 92.93 against the US greenback, before strengthening further during the day.

The rupee was also trading higher on the backdrop of the lower oil prices in the market, as the Brent crude oil remained under $100 per barrel amid the uncertainty of the peace talks.

Dollar impact

The US dollar rates remained under pressure during Friday's trading session amid the talks of a potential second round of peace deal over the upcoming weekend. However, no dates for the United States and Iran talks have been finalised as of date after last week's failed negotiations.

Data collected from the Bloomberg US dollar spot index (DYX) showed that the greenback was trading 0.03% up at 98.241 as of 2:13 am (ET) on Friday, April 17, compared to the previous market close levels.

The latest updates on the West Asia front suggests that Israel and Lebanon have agreed to a 10-day ceasefire in an effort to move towards ending the conflict. This comes after the existing ceasefire deal between the United States and Iran.

source: Upstox 

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from us.  Please consult with a financial advisor before making any investment decisions.

17/04/26, ITC share price: Shares of ITC and Godfrey Phillips India surged up to 6.6% in morning trade on Friday, April 17, buoyed by strong quarterly performance from peer VST Industries.

VST Industries reported robust results for the March quarter (Q4 FY26), which lifted sentiment across cigarette makers. The strong earnings triggered a rub-off effect on ITC and Godfrey Phillips, driving gains in both stocks.

At the time of writing this article, ITC shares were trading 1.43% higher at ₹307.75 apiece on the NSE, while Godfrey Phillips India jumped up to 6.68% to ₹2,267.

Here is how VST Industries fared in Q4 FY26

VST Industries reported a robust set of numbers for the March quarter (Q4 FY26), with net cigarette revenue rising 25% year-on-year to ₹1,151 crore, compared to ₹921 crore in the year-ago period.

The company's EBITDA for FY26 jumped 61% to ₹450 crore from ₹279 crore, reflecting strong operational performance and improved efficiencies.

Volume growth and margins improve

Cigarette volumes also saw healthy traction, with average monthly volumes rising to 667 million units in Q4 FY26 from 647 million units a year ago. For the full year FY26, volumes stood at 696 million units, up from 641 million units in FY25.

EBITDA margin expanded sharply to 30.3% in the March quarter from 15.3% a year ago, indicating strong margin recovery driven by operating leverage and improved product mix.

Profit growth remains steady

Profit after tax (PAT) for the quarter came in at ₹116.7 crore, more than doubling from ₹53 crore in Q4 FY25. On a full-year basis, PAT stood at ₹292.3 crore, broadly stable compared to ₹290.4 crore in FY25.

What the company said

The company said that with effect from February 1, 2026, the Government of India reduced the levy of compensation cess on cigarettes to 'nil', and at the same time, GST and excise duty on the subject product were increased significantly. Due to such amendments in indirect taxes, the figures for 'Gross Sales' (net of GST and compensation cess) and 'Excise Duty' for the quarter and year ended March 31, 2026, are not comparable.

MD Speak

Commenting on the performance of the company, Piyush Srivastava, Managing Director, said, "In 2025, we achieved robust volume recovery supported by our enhanced brand portfolio and disciplined in-market execution. While geopolitical instability in the Middle East continues to weigh on our unmanufactured tobacco business, our productivity initiatives have delivered strong double-digit profit growth."

"Given the extraordinary tax increases, a challenging year awaits us. We will remain focused on strengthening our brand portfolio and in-market execution. We remain steadfast in our commitment to creating superior value for consumers and stakeholders," Srivastava added.

Shares of VST Industries zoomed as much as 18.7% to ₹286.78 apiece on the NSE.

Source: Upstox

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from us. Please consult with a financial advisor before making any investment decisions.

17/04/26, Gold prices are now showing an uptrend as the peace talks between the US and Iran are eyed. 24 carat gold in India today (April 17, 2026) is priced at ₹1,55,525 per 10 gm.

Over the 10 day period, the prices have increased from ₹1.54 lakh to ₹1.55 lakh levels.

Gold rates at major jewellery brands

As of April 17, 2026, gold prices across retailers are as below:

Tanishq: 22 carat gold is priced at ₹1,41,750 per 10 gm, while the price of 24 carat gold is ₹1,54,640.

Joyalukkas: 22 carat gold is priced at ₹1,41,350 per 10 gm

Kalyan Jewellers: 22 carat gold is priced at ₹1,41,350 per 10 gm, while the price of 24 carat gold is ₹1,54,200

Meanwhile, India Bullion and Jeweller's Association (IBJA's) indicative retail selling rates for gold jewellery are as below for today:

Fine Gold (999): ₹15136

22 carat : ₹14773

18 carat : ₹12260

14 carat : ₹9763

Factors influencing gold prices in India today

Gold prices in India in tandem with the bullion price movement has been steady today. On the MCX, gold futures for June traded steady with a tad gain of 0.03% or ₹48 to ₹1,53,200 per 10 gm.

The investors are keeping on the sidelines anticipating news around the ceasefire in the US-Iran war.

The prices internationally are on course of their fourth-weekly gain as the renewed optimism has eased inflationary concerns, together with higher-for-longer rates.

Higher interest rates in the economy render gold and other bullion less appealing due to their non-yielding asset nature.

Since the US-Iran war has set in late February, gold prices have toppled as much as 8%.

As we write at around 10:43 am, US gold futures traded with marginal gains of 0.38% at 4,826.69 per ounce.

Report by Upstox, source: dailyhunt 

17/04/26, Trade Set Up for Today

 Indian markets are set to open on a flat note on Friday morning amid mixed global cues. The US markets closed in green across the board as optimism around the easing tensions in the Middle East drove optimism higher among investors.

Meanwhile, the Asian markets opened in the red on Friday morning as Asian investors reassessed the situation in the Strait of Hormuz which remains virtually closed.

President Trump said Tehran has accepted terms that include abandoning ambitions of developing nuclear weapons, providing "free oil" and reopening the Strait of Hormuz.

Key triggers for today

FII buying: The foreign institutional investors maintained their buying streak in Indian equities for the second consecutive session on Thursday. Meanwhile, the domestic institutional investors sold off Indian equities worth ₹3,427. A persistent trend of FII buying into Indian equities should be closely monitored after the sharp correction.

Crude oil: The crude oil prices remained below the $100 mark this week amid strong volatility. The latest developments in the Middle East suggest easing of tensions between Iran and the US. However, the Strait of Hormuz remained virtually closed amid ongoing negotiations. Any developments regarding the reopening of the strait could ease pressure on crude oil prices.

Q4FY26 results: Among the major names, Jio Financial Services, Bajaj Consumer Care, and Aditya Birla Money will report their quarterly earnings today. Shares of Wipro will remain in focus after the company announced a buyback worth ₹15,000 crore at ₹250 per share. Additionally, shares of ICICI Bank and HDFC Bank will also remain in focus ahead of Q4 results scheduled to be announced on Saturday.

NIFTY50

The index closed marginally lower amid profit booking at higher levels on Thursday. Despite closing in the red, the index managed to defend the 50 EMA levels of 24,189, indicating a sustained bullish momentum. The 24,500 level remains a crucial resistance for the index on the long-term daily charts, and 24,000 remains a crucial support.

OI Analysis

The options data for 21st April expiry suggest that the index could face strong resistance around current levels. The 24,200, 24,300, 24,400 and 24,500 calls witnessed strong open interest addition, indicating strong resistance at higher levels. On the other hand, the 24,200 put option holds the highest open interest, indicating a near-term support.

Analysis Report by Upstox 

17/04/26, Jio Financial Q4 Results Today

The quarterly earnings season (Q4 FY2026) is underway and over 50 BSE and NSE-listed are set to declare their earnings for the fourth quarter ended March 31, 2026, this week.

Mukesh Ambani-led NBFC, Jio Financial Services, is set to announce its January-March period earnings for the fiscal year 2024-25 today, April 17, 2026.

Jio Financial Services Q4 Results 2026 date and time

In an exchange shared earlier on April 13, Jio Financial Services informed the leading stock exchanges - BSE and NSE - that the meeting of the Board of Directors of the company is scheduled on Friday, April 17, 2026, to consider and approve the standalone and consolidated audited financial results of the company for the quarter and year ended March 31, 2026.

"Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note a meeting of the Board of Directors of the Company is scheduled to be held on Friday, April 17, 2026, inter alia, to: i. consider and approve the standalone and consolidated audited financial results of the Company for the quarter and year ended March 31, 2026…," the NBFC said in the exchange filing.

Jio Financial Services declared its Q3 FY26 results at around 4.30 PM on January 8, 2026. Therefore, it is expected that the company will declare its Q4 FY25 results at around the same time today, April 17, 2026.

Jio Financial Services Dividend in Q4 results FY26

Apart from the quarterly earnings report, the Board of Directors in the meeting scheduled on Friday, April 17, 2026, might also recommend a dividend on equity shares of the company for the financial year ended March 31, 2026. "…recommend dividend on equity shares of the Company for the financial year ended March 31, 2026," it added.

Jio Financial Services Q4 results 2026 preview

• Total Income: Rs 817 crore (Q4FY26E) vs Rs 689 crore (Q3FY26) vs Rs 511 crore (Q4FY25); up 60 per cent YoY and 19 per cent QoQ
• Net Interest Income (NII): Rs 432 crore (Q4FY26E) vs Rs 292 crore (Q3FY26) vs Rs 268 crore (Q4FY25); up 61 per cent YoY and 48 per cent QoQ
• Other Income: Rs 384 crore (Q4FY26E) vs Rs 397 crore (Q3FY26) vs Rs 243 crore (Q4FY25); up 58 per cent YoY, down 3 per cent QoQ
• Operating Expenses: Rs 331 crore (Q4FY26E) vs Rs 335 crore (Q3FY26) vs Rs 137 crore (Q4FY25); up 142 per cent YoY, down 1 per cent QoQ
• Operating Profit: Rs 485 crore (Q4FY26E) vs Rs 354 crore (Q3FY26) vs Rs 374 crore (Q4FY25); up 30 per cent YoY and 37 per cent QoQ
• Provisions & Loan Losses: Rs 33 crore (Q4FY26E) vs Rs 19 crore (Q3FY26) vs Rs 24 crore (Q4FY25); up 36 per cent YoY and 75 per cent QoQ
• Net Profit: Rs 412 crore (Q4FY26E) vs Rs 269 crore (Q3FY26) vs Rs 316 crore (Q4FY25); up 30 per cent YoY and 53 per cent QoQ

Jio Financial Services Q4 results 2026 expectations

• Strong momentum across businesses expected to continue
• Strong lending AUM growth to drive net interest income
• Payments Transaction Processing Volume(TPV) likely to remain robust with steady merchant traction
• Payments Bank likely to inch closer to profitability
• AMC to see AUM growth & new product launches
• Digital platform to drive higher monetisation & cross-sell

The company is a key domestic player in the financial services sector. Jio Financial Services was demerged from oil-to-telecom conglomerate Reliance Industries in 2023.

Jio Financial Services Share Price

Shares of Jio Financial Services on Thursday ended at Rs 241.30, down Rs 1.35, or 0.56 per cent, from the previous close of Rs 242.65 on the BSE.

Report by EconomicTimes

17/04/26, Stocks to watch Today

Indian markets remain in focus this Friday as heavyweight earnings and corporate manoeuvres dominate the landscape

Wipro headlines the session with a Rs 15,000 crore share buyback despite a marginal dip in quarterly profits, while Angel One and Waaree Renewable Technologies reported explosive revenue growth. Meanwhile, HDFC Life investors eye the new dividend announcement.

In corporate news, IHCL's expansion into Arunachal Pradesh and Paras Defence's strategic US partnership for refuelling tech provide additional momentum for intraday traders.

Here's the list of stocks to watch in today's trading session:

Q4 Updates

Company	Why In Focus
Angel One	Strong profit and revenue surge
HDFC Life Insurance Company	Steady growth with dividend announcement
Waaree Renewable Technologies	Profit and revenue see a sharp jump
Wipro	Profit dips, revenue rises; buyback announced
Alok Industries	Loss widens in Q4

Angel One

Profit surged 83.5 per cent to Rs 320.2 crore from Rs 174.5 crore. Revenue increased 38.2 per cent to Rs 1,459.4 crore from Rs 1,056 crore.

HDFC Life Insurance Company

Profit rose 4.65 per cent to Rs 497.5 crore from Rs 475.4 crore. Net premium income grew 9 per cent to Rs 25,998.4 crore from Rs 23,843 crore. The board recommended a final dividend of Rs 2.10 per share for FY 2025-26.

Waaree Renewable Technologies

Profit jumped 66 per cent to Rs 155.7 crore from Rs 93.8 crore. Revenue climbed 131.3 per cent to Rs 1,102.4 crore from Rs 476.6 crore.

Wipro

Profit declined 1.9 per cent to Rs 3,501.8 crore from Rs 3,569.6 crore, while revenue increased 7.7 per cent to Rs 24,236.3 crore from Rs 22,504.2 crore. The board approved a share buyback of up to 60 crore shares worth Rs 15,000 crore at Rs 250 per share via tender offer.

Alok Industries

Reported a widened consolidated net loss of Rs 192.54 crore for Q4 FY26, compared to a loss of Rs 74.47 crore in the same period last year.

Corporate Updates

Company Name	Why in Focus?
Moschip Technologies	Signs new hotel project in Arunachal
Indian Hotels Company (IHCL)	Signs new hotel project in Arunachal
Paras Defence	Partners with US firm for refuelling tech
Ashok Leyland	Middle East demand steady, supply issues persist
Vedanta	FIR filed after fatal plant blast
Bharat Coking Coal Limited (BCCL)	Flags security lapses in coalfields

Moschip Technologies

To acquire a majority stake in Vayavya Labs

Plans to acquire a 73 per cent controlling stake in Vayavya Labs for about Rs 245 crore through a mix of cash and equity.

Indian Hotels Company (IHCL)

Signs new hotel project in Arunachal

Announced the signing of a 70-key greenfield Gateway hotel in Dirang, Arunachal Pradesh.

Paras Defence

Partners with US firm for refuelling tech

Partnered with a US-based firm to bring air-to-air refuelling technologies and support services for the Indian armed forces.

Ashok Leyland

Middle East demand steady, supply issues persist

Stated that demand in the Middle East remains strong, although production at its UAE unit was impacted by supply chain disruptions.

Vedanta

FIR filed after fatal plant blast

An FIR was registered by Chhattisgarh police against management officials and others in connection with a blast at its power plant in Sakti district that resulted in 20 fatalities.

Bharat Coking Coal Limited (BCCL)

Flags security lapses in coalfields

Highlighted serious security concerns, stating that CISF's intelligence system failed to curb illegal mining and ensure staff safety in Dhanbad collieries.

Also Read: Gold Rate Today in India, April 17: Yellow metal holds steady - Check 24K, 22K prices in Delhi, Mumbai, Chennai ahead of Akshaya Tritiya

Report boy EconomicTimes

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. We suggest its readers and investors to consult their financial advisors before making any money-related decisions.)

17/04/26, A family of six was out on the road, driving through Outer North Delhi's Alipur area. Never did they know this ordinary car ride would turn into something that would change their life forever.

Inside the car was a two-year-old girl sitting on her mother’s lap in the front passenger seat. The car’s window was open. The AC was not working properly, so they decided to keep the window open to get the fresh air.

The little toddler was enjoying the breezy ride. But what happened the next moment left the entire family devastated.

The Moment Everything Changed

In a matter of seconds, all went wrong.

A speeding SUV came from behind and crashed into their car. The impact was so sudden and violent that there was no time to understand what had happened.

And in that one moment, the open window became dangerous. The little girl was flung out of the car. The mother was in a state where she could not understand what had just happened.

The family immediately got down to save the child. She suffered severe injuries. She was rushed to Satyawadi Raja Hardish Chandra Hospital in Narela. She was declared dead on arrival by the doctors.

The other family members also sustained injuries. While leaving the house, did this family think they would have to return without their baby today?

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Why Open Windows Can Be Risky

Open car windows may seem harmless. They let in fresh air and make the ride more comfortable. But during an accident, they can become dangerous.

In a strong crash like this, the impact can be so strong that it can throw passengers outside the car. If a window is open, it creates a space through which someone can be pushed or even thrown out.

This risk is higher for children. That is why it is recommended to keep windows closed when there are children in the car.

Avoiding overspeeding also plays a big role. The faster a vehicle moves, the greater the impact during a crash and the higher the risk of serious injury.

It may seem like a small thing, but it can make a big difference.

It was just another accident, but it highlights a very important thing. Accidents don’t come with warnings. Imagine a small thing like an open car window could cause this level of harm. Sometimes, danger comes in ways we don’t expect.

By Parentune, Dailyhunt 

16/04/26, GMDC share price: Shares of Gujarat Mineral Development Corporation (GMDC) soared more than 19% on Thursday, April 16, driven by heavy volumes.

 The stock advanced as much as 19.39% to ₹743 per unit, its 52-week high level, on the National Stock Exchange (NSE). At 12:35 pm, it was trading 18.43% higher at ₹737 per share.

The scrip has surged 21.75% in the past week and 38.28% in a month. Year to date, it has advanced 22.74%.

The stock recorded a year's low of ₹280.15 per unit on April 15, 2025.

Last month, GMDC inked a Memorandum of Understanding (MoU) with NMDC to explore opportunities for collaboration in the Rare Earth Elements (REE) sector.

"The collaboration will focus on assessing the potential development of an integrated rare earth value chain in Gujarat, including exploration, mining, beneficiation, processing and downstream applications. The engagement will primarily explore opportunities associated with GMDC's Ambadungar Rare Earth deposit, a strategic initiative aimed at strengthening India's capabilities in the rare earths sector," the company had said in an exchange filing.

Before that, the company had informed it has received an environment clearance from the Ministry of Environment, Forest and Climate Change for its Lakhpat-Punrajpur Lignite and Limestone Mine located in Gujarat's Kutch.

The Mine was approved with a production capacity of 3 million tonnes per annum (MTPA) of lignite and 29.81 MTPA of limestone. "The integrated development of lignite and limestone resources is expected to support core sectors such as energy generation, cement and other mineral-based industries, thereby improving supply stability and reinforcing GMDC's strategic relevance within the state's industrial ecosystem," it had said.

Metal stocks rise

Shares of other metal stocks also traded in the positive territory on April 16.

Vedanta stock hit its 52-week high level of ₹787.85 per unit, up 2.84% intraday, on NSE.

The scrip of Hindalco Industries is trading 3.33% higher at ₹1,045.15, while Hindustan Zinc zoomed 2.78% to ₹596.65.

National Aluminium Company, Hindustan Copper, Steel Authority of India and Lloyds Metals and Energy were also trading with the gains of 2.42%, 1.81%, 1.28% and 1.18% respectively.

source: Upstox 

16/04/26, The Indian benchmark indices, SENSEX and NIFTY50, pared early gains to trade in the negative territory during the afternoon session on Thursday, April 16, amid selling in bank and oil & gas stocks.

The SENSEX slumped as much as 0.5% to an intraday low of 77,743.50, while the NIFTY50 fell as much as 0.4% to touch the session's low of 24,131.80.

At 12:46 PM, the S&P BSE SENSEX was trading lower by 286.06 points, or 0.37%, at 77,825.18. NSE's NIFTY50 stood at 24,134.45, reflecting a 96.85 points, or 0.40% decline.

On Wednesday, the foreign institutional investors (FIIs) purchased stocks worth ₹666.15 crore, while the domestic institutional investors (DIIs) sold equities worth ₹568.98 crore on a net basis, according to exchange data.

Buzzing stocks on April 16: Check list

Wipro

Shares of Wipro had surged as much as 1.53% to hit an intraday high of ₹212.98 apiece in early trade, before falling to the red on the National Stock Exchange (NSE) on Thursday, April 16.

It is in focus as the leading IT services firm is slated to release its March quarter (Q4 FY26) earnings today.

Along with the earnings, market participants will also keenly watch for a potential buyback announcement, which the company had earlier said its board would consider at the meeting today.

According to experts, Wipro Q4 revenue could remain in the range of Rs24250 to 24550 core, up 7.7% to 9.0% YoY. Sequentially, revenue could rise 2.9 to 4.2%. The company registered revenues of ₹22,504 crore in Q4FY25 and ₹23,556 crore in the previous quarter.

HDB Financial Services

The stock of HDB Financial Services skyrocketed as much as 12.36% to hit the session's peak of ₹723.95 per equity share on Thursday, April 16, after the company released its latest quarterly earnings for the period ended March 2026.

HDB Financial Services posted a 41.4% increase in its post-tax profit to ₹751 crore in the March quarter of the financial year 2025-26, compared to ₹531 crore for the fourth quarter of the fiscal year 2025.

Its net interest income (NII) surged 21.6% YoY to ₹2,399 crore for the reporting quarter, as against ₹1,973 crore for the quarter ended March 31, 2025.

Investment banking company Jefferies saw further potential in the stock as profit beat estimates due to lower provisions. Assets under management eased to 11%, but disbursement growth picked up, it noted. The New York-headquartered firm also noted that HDB Financial's management has flagged no major impact of the West Asia conflict on growth or collections yet.

Investment banker Morgan Stanley has maintained an 'equal weight' rating, while Japanese financial services group Nomura has given a neutral stance.

Tejas Networks

Tejas Networks shares declined as much as 6.08% to touch an intraday low of ₹422.50 per unit on the NSE, as it reported a consolidated net loss of ₹211.34 crore in the March quarter of FY26.

The company had reported a net loss of ₹71.80 crore in the same period of the previous fiscal year.

Its revenue from operations fell 82.55%YoY to ₹332.69 crore during the quarter under review, compared to ₹1,906.94 crore in the year-ago period.

SAMHI Hotels

SAMHI Hotels' stock advanced as much as 4.83% to hit the day's high of ₹168.80 per equity share, after its subsidiary SAMHI Skyline has entered into an agreement for leasing a 162-room hotel within Ingka Centres India's upcoming 2.5 million square feet mixed-use development in Noida.

The project will be executed under SAMHI's long-term variable lease model, ensuring strong alignment of interests while maintaining a capital-light approach, SAMHI Hotels stated.

The hotel will be managed under an international hotel brand to be determined in due course, it added.

ICICI Lombard General Insurance Company

The shares of ICICI Lombard General Insurance Company (GIC) gained as much as 2.73% to reach an intraday high of ₹1,908.90 apiece, as it reported a 7.25% YoY increase in its profit after tax (PAT) to ₹546.56 crore for Q4 FY26.

In the corresponding period of the previous fiscal year, it logged a profit of ₹509.59 crore, it reported in a regulatory filing dated Wednesday, April 15.

The general insurance arm of ICICI Bank also recorded a 10.28% YoY growth in its net premium earned at ₹5,790.53 crore for the March quarter of FY26, compared to ₹5,225.58 crore in the same period of FY25.

ICICI Lombard GIC's board of directors also recommended a final dividend of ₹7 per equity share, at the rate of 70%, with a face value of ₹10 each for the financial year ended March 31, 2026, subject to approval of the Members of the Company at the ensuing Annual General Meeting (AGM).

Adani Enterprises

Adani Enterprises stock jumped as much as as 2.17% to hit the session's peak of ₹2,190.90 per equity share on the NSE.

The company was in focus after global investment firm Jefferies, in a note, said that its copper and road business will see a ramp-up during the current financial year. The investment firm added that the renewable energy segment is emerging as a key growth driver amid strong energy-security tailwinds. The group's planned solar capacity expansion at Mundra is expected to boost earnings, with a meaningful EBITDA uplift likely from the current financial year as projects stabilise and scale.

Jefferies said that Adani Enterprises is witnessing near-term pressure due to softer non-terminal (NT) traffic, which is delaying the ramp-up of the Navi Mumbai International Airport (NMIAL). The slower passenger momentum is expected to weigh on the pace of scale-up at one of the group's most critical infrastructure assets.

However, the impact is being partially offset by steady growth in non-aeronautical revenues, including retail, concessions and real estate (RE) monetisation linked to airport ecosystems, Jefferies noted.

RailTel Corporation of India

Shares of RailTel Corporation of India soared as much as 5.1% to hit an intraday high of ₹353.90 apiece on NSE on Thursday, April 16, as it received an IT monitoring order for ₹100 crore. However, the stock was off its day's high and was trading at ₹338.75 per share, up by 0.60% at the time of writing.

In a regulatory filing late in the evening on April 15, the Navratna PSU stated that it received a Letter of Intent (LoI) from the Divisional Commissioner, Konkan Division, for ₹100 crore (excluding tax).

Under the contract, the company will select a system integrator to develop and maintain an integrated IT solution for monitoring minor minerals for a period of five years.

Report: Upstox 

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Disclaimer: This article is purely for informational purposes and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.

16/04/26, R I P

Mr Mark Mobius, the veteran investor credited with bringing emerging markets into the global investment spotlight through decades of on-the-ground insights, has died at the age of 89.

He died Yesterday, 15/4'/26, according to a post on his LinkedIn page attributed to his spokeswoman, Kylie Wong. John Ninia, a partner at Mobius Investments, said he died in Singapore.

Hired in 1987 by John Templeton, a pioneer in leading American investors to companies abroad, Mobius started one of the first mutual funds dedicated to rapidly developing new markets. He oversaw the Templeton Emerging Markets Group until 2016, was lead manager of its flagship Templeton Emerging Markets Investment Trust until 2015 and retired in January 2018.

From 1989 until his retirement, the closed-end fund returned 13.4% a year on average, according to Morningstar Direct. From 2001, when the MSCI Emerging Markets Index was introduced, the Templeton fund beat that benchmark by 1.9% a year on average, according to Morningstar.

“Mark Mobius is to emerging market investing what Colonel Sanders is to fried chicken,” Peter Douglas, a principal at the Singapore chapter of the Chartered Alternative Investment Analyst Association, said when Mobius stepped aside as portfolio manager. “He is the icon of the industry and has been the global cheerleader of emerging markets.”

YouPartly based in Singapore, Mobius traveled 250 to 300 days a year in a Gulfstream IV private jet, visiting factories and distributors in remote corners of the globe to identify investment opportunities.

He correctly predicted the start of a bull market that began in 2009, snapped up bargains during the Asian financial crisis after Thailand floated its currency in 1997 and bought Russian stocks as panic selling took hold in Russia in 1998. He was also one of the first institutional investors to identify Africa as a promising frontier market, setting up the Templeton Africa Fund in 2012.

‘Kicking the Tires'

“I believe in getting out and kicking the tires,” he wrote in 2015. “I would rather see with my own eyes what's happening in a company or country. Lies can be as revealing as truth, if you know what the cues are.”

Just last month, via his Substack column, he shared his thoughts on the war in Iran and its impact on equity markets.

Mobius founded London-based Mobius Capital Partners in 2018 and oversaw actively managed funds investing in emerging market equities. He left there in late 2023 but continued to seek out investing opportunities, setting up a new venture in Dubai, where he had lived for three years.

Franklin Resources Inc. was founded in 1947 and is based in San-Mateo, California. It acquired John Templeton's investment firm — Templeton, Galbraith & Hansberger Ltd. — in 1992 to create Franklin Templeton Investments.

Joseph Bernhard Mark Mobius was born on Aug. 17, 1936, in Bellmore, on New York's Long Island. His German father, Paul Mobius, was a ship's cook and baker. His mother, the former Maria Louisa Colon, was Puerto Rican. With his two brothers, Hans and Paul, Mobius grew up with German and Spanish spoken at home.

In 1955, Mobius received a scholarship to study dramatic arts at Boston University and worked as a pianist in a nightclub to help pay for his education. He earned a bachelor's degree in fine arts and a master's in communications.

Studied in Kyoto

He successfully applied for a scholarship to learn Japanese culture and the Japanese language in Kyoto, triggering his desire to live and work in Asia. After earning a Ph.D. in political science and economics from Massachusetts Institute of Technology, in 1964, he took a job with International Research Associates, conducting surveys and other consumer research in Thailand and Korea for a year each.

He ended up in Hong Kong, where he started his own industrial research consulting firm. One project — a report on the Hong Kong stock market — was his entre into securities analysis. His Yul Brynner hairstyle, as he described it, was conceived at this time after a fire in his apartment damaged his hair and he shaved the rest off, according to his 1997 memoir.

He was hired by Vickers Da Costa, a UK stock brokerage, to start a Taiwanese fund management company, International Investment Trust. He traveled to the Bahamas to present investment opportunities to Templeton, who in 1986 asked if he would be interested in running an emerging markets fund. The following year they raised $100 million in capital, listed their fund on the New York Stock Exchange and opened a small office in Hong Kong for Mobius and two Chinese analysts. They began investing in six places: Hong Kong, Philippines, Singapore, Malaysia, Mexico and Thailand.

“You must remember, in those days, most countries did not welcome foreign investment,” Mobius recalled in a 2022 interview with Barry Ritholz for Bloomberg's Masters in Business podcast series. “They were also either socialist or communist like China and Russia. Eastern Europe was out of the question, of course. So we had only six markets in which to invest, and then we started expanding. Gradually, markets opened up. And eventually we were investing in something like 70 different countries around the world.”

1987 Crash

After losing a third of his fund's value in the October 1987 stock market crash during his first year with Templeton, Mobius diversified to other markets including Argentina, Mexico, Indonesia and Russia.

Mobius wrote more than a dozen books on investing and economics, including The Investor's Guide to Emerging Markets (1994) and Passport to Profits (1999). He shared rules and aphorisms including, “If you see the light at the and of the tunnel, it's too late to buy.”

In 1999, he was tapped to serve on the World Bank's Global Corporate Governance Forum as a co-chairman of a task force on investor responsibility.

Mobius never married. In Passport to Profits, he wrote that there were costs and benefits to being a “full-time nomad — an endangered species I've long admired for their fierce independence, their refusal to abide by conventional norms, their desperate desire for freedom.”

“Though some people probably pity me for having no home, no family, no domestic life to speak of,” he wrote, “my somewhat eccentric lifestyle offers untold opportunities for variety, stimulation and creativity.” May 

source:Bloomberg

16/04/26, Q4 results: Various companies will announce their earnings for the three month ended March 2026 on Thursday, April 16. They include information and technology company Wipro, life insurer HDFC Life Insurance Company, mutual fund manager HDFC Asset Management Company, analytical firm Crisil, stock broker Angel One, solar EPC solutions provider Waaree Renewable Technologies and integrated textile manufacturer Alok Industries.

 Cigarette maker VST Industries, non-banking financial company SG Finserve, basmati rice manufacturer Amir Chand Jagdish Kumar Exports, film production and distribution house Vashu Bhagnani Industries, global expert network Infollion Research Services, premium grooming and lifestyle services provider Lloyds Luxuries and real estate player Roselabs Finance will also post their latest Q4 report cards on April 16.

Q4 results on April 16, 2026; check list

• Wipro
• HDFC Life Insurance Company
• HDFC Asset Management Company
• Angel One
• Crisil
• Waaree Renewable Technologies
• VST Industries
• Alok Industries
• SG Finserve
• Amir Chand Jagdish Kumar Exports
• Vashu Bhagnani Industries
• Lloyds Luxuries
• Infollion Research Services
• Roselabs Finance

On Wednesday, HDB Financial Services recorded a 41.40% growth in NetProfit at Rs751crore in the January-March period of the 2024-25 fiscal.

The company had a profit after tax of ₹531 crore for the quarter ended March 31, 2025.

The gross loan book of the NBFC arm of HDFC Bank stood at over ₹1.18 lakh crore as on March 2026, as against about ₹1.07 lakh crore a year ago, a growth of 10.9%.

Net interest income or NII was ₹2,399 crore in Q4 FY26, compared to ₹1,973 crore a year ago, up 21.6%.

Net total income was ₹3,063 crore in the reporting quarter, up 17.1% compared to ₹2,616 crore.

"Asset under management (AUM) was ₹1,18,733 crore as on March 31, 2026, compared to ₹1,07,262 crore as on March 31, 2025, a growth of 10.7%…Loan losses and provisions were ₹685 crore for the quarter ended March 31, 2026, compared to ₹634 crore for the quarter ended March 31, 2025, an increase of 8.0%," the company said in an exchange filing.

Report by Upstox... Source: Daily hunt