22/04/26, India's Textile Exports Expanded

 The data underlines that within the major segments, Ready-Made Garments (RMG) continued to be the largest contributor to India’s textile exports. The segment rose from Rs 1,35,427.6 crore in FY 2024-25 to Rs 1,39,349.6 crore in FY 2025-26, registering a growth of 2.9 per cent.The ministry said that the cotton yarn, fabrics, made-ups and handloom products reported stable performance, with exports increasing marginally from Rs 1,02,002.8 crore to Rs 1,02,399.7 crore, reflecting a growth of 0.4 per cent. Man-made yarn, fabrics and made-ups posted relatively stronger growth of 3.6 per cent, rising from Rs 41,196 crore to Rs 42,687.8 crore during the same period.Handicrafts lead in value-added growthThe data highlights that in the value-added segment, handicrafts excluding handmade carpets emerged as the fastest-growing category among major segments, expanding by 6.1 per cent from Rs 14,945.5 crore to Rs 15,855.1 crore.The ministry noted that export growth was recorded in over 120 destinations between April 2025 and February 2026 compared to the corresponding period of the previous year, indicating broad-based geographical expansion of India’s textile export basket.Key export markets showed notable increases, including the United Arab Emirates (22.3 per cent), United Kingdom (7.8 per cent), Germany (9.9 per cent), Spain (15.5 per cent), Japan (20.6 per cent), Egypt (38.3 per cent), Nigeria (21.4 per cent), Senegal (54.4 per cent), and Sudan (205.6 per cent).Policy support and FTAs to boost future growthThe government has supported the sector through export facilitation and remission measures, including the extension of the Rebate of State and Central Taxes and Levies (RoSCTL) Scheme and the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme beyond March 31, 2026.India’s Free Trade Agreement (FTA) agenda also witnessed significant developments during 2025-26, with agreements involving EFTA TEPA, UK CETA, Oman CEPA, New Zealand FTA announcement, and India-EU FTA conclusion, which are expected to enhance market access and strengthen global value chain integration for the textile sector.The ministry said the continued export growth reflects policy support, expanding global reach, and rising opportunities for value-added textile products.

Report: BusinessLine

22/04/26, HCL Technologies Q4 results: Shares of HCL Technologies (HCLTech) tumbled as much as 9.7% to the low of ₹1,301 apiece on the NSE on Wednesday, April 22, as the IT major, in post-market hours on Tuesday, released its financial results for the quarter and year ended March 31, 2026.

The company reported a 4.20% year-on-year (YoY) rise in consolidated net profit to ₹4,488 crore for the January-March quarter of FY26 (Q3 FY26), even as the management flagged a highly volatile demand environment shadowed by tariffs and softened discretionary spends, giving an FY27 growth guidance of 1-4%.

The Noida-headquartered firm had reported a consolidated net profit of ₹4,307 crore in the same period of FY25.

The firm's revenue from operations rose 12.34% to ₹33,981 crore in Q4 FY26, up from ₹30,246 crore seen in Q4 FY25.

Revenue guidance

The IT major projected its FY27 company revenue growth to be in the range of 1% to 4% in constant currency (CC). The company attributed the broad band of guidance to market volatility, reduced discretionary spend, and two client-specific situations where it expects some ramp-downs.

On a quarter-on-quarter basis, HCLTech's profit and revenue rose by 10.10% and 0.32%, respectively.

For the full fiscal year of 2025-26, HCLTech recorded a net profit of ₹16,642 crore, reflecting a 4.30% decline from ₹17,390 crore in FY25.

FY26 revenue stood 11.18% higher at ₹130,144 crore.

What the CEO said

HCLTech CEO and MD C. Vijayakumar termed the year as one of an uncertain demand environment.

"During the quarter, our performance came below our expectations due to softness in certain parts of our business, due to lower discretionary spending, and delayed decision-making.

"Our new AI-led service offerings are getting traction in the market and are reflected in annualised advanced AI revenues crossing USD 620 million in Q4. Our #1 priority in FY27 is to ensure the company is positioned right to take advantage of AI opportunities for multi-decade value creation," he said.

The company's advanced AI revenue reached $155 million in Q4, he said during the company's earnings call.

Management acknowledged that AI is causing a deflation of 2% to 3% per year in traditional segments (e.g., a $100 million deal is now being priced at $80 million due to AI efficiencies). However, new AI deal volumes seem to be offsetting this revenue loss.

"Momentum across our advanced AI offerings and overall AI portfolio remains strong, reflecting the strength of our early bets and our continued focus on AI that scales from experimentation to measurable business impact. Our pipeline remains robust and broad-based across segments, verticals, and regions, with AI increasingly integral to nearly all deal conversations," CVK said.

During the quarter ended March, HCLTech's IT & Business Services segment grew by 4.3% year-on-year (YoY), while Engineering and R&D Services (ER&D) registered a growth of 3.8% YoY.

The software segment witnessed a sharp decline, with revenue dropping 14.1% YoY.

Geography-wise performance

Geographically, the Indian market grew by 5.3%, while the Americas (USA) grew by 4.9%. The European market witnessed a contraction, declining by 2.9% YoY.

Deal wins

The company recorded a Total Contract Value (TCV) of new deal wins at $1,936 million for Q4 and $9,323 million for the full year FY26.

Headcount

HCLTech added 802 employees on a net basis in Q4, taking the total headcount to 227,181. The company onboarded 1,712 freshers in Q4, bringing the total fresher intake for FY26 to 11,744. The company did not share its hiring target for the next fiscal year.

Operating environment

On the prolonged West Asia crisis that affected many global businesses, HCLTech said the company's exposure to the Middle East is very limited, with the region contributing only about 1% to the revenues.

"We saw some impact in the software business during the quarter. Some of the decisions on procurement were delayed. We haven't seen any (impact) in the services business," CVK said.

What leading analysts said

HCL Technologies is likely to remain under pressure after the company's Q4 FY26 performance missed expectations, with analysts flagging weak margins, soft demand trends, and cautious FY27 guidance.

JPMorgan

According to JPMorgan Chase, HCLTech's March quarter missed estimates across revenue, margins and earnings, with revenue coming in around 2% below expectations.

The financial services firm highlighted that the services segment saw 130 basis points downside, largely due to spending cuts by US telecom clients and SAP-related cancellations. The software business was also impacted by geopolitical uncertainty, with EBIT margins about 100 basis points below estimates.

JPMorgan expects telco weakness and SAP cancellations to persist into FY27, prompting a lower growth guidance of 1-4%. It also noted that foreign exchange gains will be reinvested into sales and general expenses, limiting margin expansion.

Morgan Stanley

Morgan Stanley expects valuation premiums to normalise versus peers, as growth rates converge across IT companies.

It flagged that macro volatility could lead to client-specific challenges, while AI-led deflation in the core business may weigh on growth in the near term, even as new digital and AI services take time to scale.

Additionally, Morgan Stanley noted that incremental currency benefits are likely to be reinvested, further limiting upside to margins.

Report by Upstox wiith inputs from PTI

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

22/04/26, Stocks to Watch

Tata Elxsi: Tata Elxsi, on Tuesday, April 21, while announcing its financial results for the quarter ended March 31, 2026 (Q4 FY26) as well as the full fiscal year 2025-26, said that its Board of Directors has recommended a final dividend of 750%, i.e., ₹75 per equity share of par value of ₹10 each, for the financial year ending March 31, 2026.

Manoj Raghavan, CEO and Managing Director, Tata Elxsi, commenting on the company's performance in the fourth quarter of FY '26, said, 'For the fourth quarter of FY '26, Tata Elxsi reported operating revenue of ₹993.8 crore and a PBT margin at 25.6%. We ended FY '26 with a revenue of ₹3,757.4 crore and a PBT margin of 23.4%."

The company registered a healthy QoQ growth of 4.2%.

Reliance Power: According to a PTI report, the Economic Offences Wing (EOW) of the Delhi Police has arrested the chief financial officer (CFO) of Reliance Power Limited and two others for allegedly preparing and using forged bank guarantees worth over ₹136 crore to secure a tender from the Solar Energy Corporation of India (SECI).

The accused have been identified as Ashok Kumar Pal (50), CFO of Reliance Power Ltd; Partha Sarthi Biswal (54), managing director of Odisha-based Biswal Tradelink Pvt Ltd; and Amarnath Dutta (50), a resident of Kolkata, the EOW said in a statement.

Sunteck Realty: Sunteck Realty Ltd on Tuesday reported a 27% increase in consolidated net profit to ₹63.75 crore in the March quarter of the last fiscal year.

Its net profit stood at ₹50.38 crore in the year-ago period. Total income rose to ₹348.88 crore during the January-March quarter of the last fiscal from Rs 217.83 crore in the corresponding period of the preceding year, according to a regulatory filing.

During the full 2025-26 fiscal year, the company's net profit rose to ₹204.36 crore from ₹150.31 crore in the preceding financial year.

The total income increased to ₹1,168.62 crore in the last fiscal year from ₹902.67 crore in the 2024-25 fiscal year.

HDFC Life Insurance: HDFC Life Insurance on Tuesday said the company has approved the extension of Vibha Padalkar as the managing director & chief executive officer for a period of five years.

The extension is based on the recommendation of the Nomination and Remuneration Committee; the board, at its meeting held on Tuesday, approved the re-appointment of Padalkar for a period of five years with effect from September 12, 2026, HDFC Life Insurance Company said in a regulatory filing.

The re-appointment is subject to approval of shareholders at the ensuing Annual General Meeting and the Insurance Regulatory and Development Authority of India, it said.

Padalkar joined HDFC Life in 2008 and has held several leadership roles within the organisation, where she played a key role in strengthening the company's financial framework and was instrumental in the successful listing of HDFC Life in 2017, it said.

HCL Technologies: IT major HCLTech on Tuesday reported a 4.20% year-on-year rise in consolidated net profit to ₹4,488 crore in the January-March quarter of FY26, even as the management flagged a highly volatile demand environment shadowed by tariffs and softened discretionary spending, giving an FY27 growth guidance of 1-4%.

The Noida-headquartered firm had reported a consolidated net profit of ₹4,307 crore in the same period of FY25.

The firm's revenue from operations rose 12.34% to ₹33,981 crore in Q4 FY26, up from ₹30,246 crore in Q4 FY25.

The IT major projected its FY27 company revenue growth to be in the range of 1% to 4% in constant currency (CC). The company attributed the broad band of guidance to market volatility, reduced discretionary spend, and two client-specific situations where it expects some ramp-downs.

Cyient DLM: Electronic Manufacturing Services (EMS) firm Cyient DLM on Tuesday reported a 27.7% decline in consolidated net profit at ₹22.44 crore for the March quarter of FY26.

Profit in the year-ago period was ₹31 crore.

Revenue from operations stood 13.8% lower at ₹369.07 crore in Q4 FY26, as compared to ₹428.05 crore a year ago.

On a quarter-on-quarter basis, profit and revenue rose 99.8% and 21.7%, respectively.

Cyient's order book stood at ₹2,416.6 crore at the end of the March quarter.

For full FY26, profit climbed 7.6% to ₹73.28 crore, while revenue from operations fell 17% to ₹1,261.48 crore.

Shadowfax Technologies: Logistics operator Shadowfax Technologies Ltd on Tuesday announced the launch of a unified digital shipping platform for the domestic SME and D2C ecosystem.

The platform, Shadowfax 360, provides small sellers and emerging brands with immediate access to an enterprise-grade network covering 15,000+ pincodes across 2,500 cities.

The rollout of the platform is a step in the company's efforts to scale its seller ecosystem and diversify its merchant base beyond enterprise and marketplace relationships - expanding to a broader base of online-first SMEs, early-stage D2C brands, and marketplace-first sellers transitioning to owned-channel commerce, it said.

Persistent Systems: Mid-tier IT services company Persistent Systems on Tuesday reported a 33.73% growth in consolidated net profit to ₹529.26 crore in the January-March quarter of FY26.

It had posted a net profit of ₹395.76 crore in the same period last fiscal, according to regulatory filings.

The company's revenue from operations increased by about 25% to ₹4,055.93 crore in Q4 FY26, as compared to ₹3,242.11 crore in Q4 FY26.

Persistent Systems noted a statutory impact of ₹89 crore on account of the implementation of the new labour codes.

Sequentially, profit and revenue rose by 20.43% and 7.35% over the previous quarter (October-December), respectively.

In the full fiscal year of 2025-26, Persistent's profit climbed 33.20% to ₹1,865.12 crore, from ₹1,400.16 crore in FY25.

BEML: State-owned BEML on Tuesday announced securing a new order worth Rs 590 crore for the supply of trawl assemblies to the Indian Army.

In this regard, a formal contract agreement was signed between senior officials of the Ministry of Defence and BEML Ltd in the national capital on Tuesday, the company said in a statement.

"In a significant boost to India's defence preparedness and indigenous manufacturing capabilities, the Ministry of Defence, Government of India, has awarded a Rs 590 crore contract to BEML Limited for the supply of trawl assemblies for deployment on the Indian Army's T-72 and T-90 tanks," the statement said.

Aurobindo Pharma: Aurobindo Pharma Ltd on Tuesday said it has set April 23 as the opening date for its ₹800 crore buyback offer.

The closing date for the buyback is April 29, Aurobindo Pharma said in a regulatory filing.

Earlier on April 6, the company's board had approved the buyback of up to 54,23,728 fully paid-up equity shares having a face value of ₹1 each at a price of ₹1,475 per share for an aggregate amount up to ₹800 crore on a proportionate basis through the tender offer route.

The company has set April 17 as the record date for determining the entitlement and the names of equity shareholders who would be eligible to participate in the buyback.

Q4 earnings today

Over 15 companies are slated to announce their March quarter (Q4 FY26) earnings today. The list includes names such as SBI Life Insurance Company, Trent, Tech Mahindra, Havells India, Oracle Financial Services Software (OFSS), Tata Communications, Bharat Coking Coal, LT Technology Services, and Maharashtra Scooters, among others.

(Report by Upstox with inputs from PTI)

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

22/04/26, Textile, seafood stocks in focus after US tariff refund roll-out, select counters end higher

 Avanti Feeds and Apex Frozen Foods settle lower after hitting their 52-week highs on profit-booking salesTextile and seafood stocks witnessed significant movement on Tuesday following the roll-out of a refund mechanism for businesses that had earlier paid tariffs later deemed unconstitutional by the US Supreme Court. The court had ruled that former US President Donald Trump imposed these tariffs without the necessary constitutional authority, prompting corrective action in the form of reimbursements.Market activity reflected mixed sentiment across the sector. Shares of Avanti Feeds and Apex Frozen Foods came under selling pressure by the close, even after touching their respective 52-week highs during early trading hours, indicating profit-booking at elevated levels.

Apex Frozen Foods ended 2 per cent lower at ₹474.80 on the BSE, hitting a 52-week high of ₹514.20 from the previous close of ₹483.65.

Avanti Feeds was down 2.28 per cent to close at ₹1,464.85 on the BSE, hitting a 52-week high of ₹1,592.30 in early trade.On the other hand, textile exporter Gokaldas Exports emerged a strong gainer, settling 6.66 per cent higher at ₹768.65. Coastal Corporation also saw buying interest, with its shares ending the session 5 per cent higher at ₹53.25.The refund initiative is expected to provide a meaningful boost to exporters in both the textile and seafood segments. By recovering previously paid tariffs, companies could see improved cash flows and margins, enabling reinvestment into operations and enhancing global competitiveness.

Source: BusinessLine

22/04/26, Gold Prices

 Gold price after the auspicious festival of Akshaya Tritiya are retailing at ₹1,56,655 per 10gm for 24 carat purity gold. The prices have risen by as much as ₹3,500 over the past 10 days amid hopes of a likely end to the US-Iran conflict.

Gold rates at major jewellery brands

Gold rates vary across cities and brand in India, owing to a host of reasons, including dealer specific mark-up, transportation costs etc.

Tanishq: 22 carat gold is priced at ₹1,42,750 per 10 gm, while the price of 24 carat gold is ₹1,55,730.

Joyalukkas: 22 carat gold is priced at ₹1,42,350 per 10 gm

Kalyan Jewellers: 22 carat gold is priced at ₹1,42,350 per 10 gm, while the price of 24 carat gold is ₹1,55,290

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

Fine Gold (999): ₹15236

22 carat : ₹14870

18 carat : ₹12341

14 carat : ₹9827

City-wise gold price trend across major cities

Cities	24 Carat
Delhi	₹1,56,655
Mumbai	₹1,57,185
Kolkata	₹1,56,720
Chennai	₹1,57,100
Hyderabad	₹1,57,170
Bangalore	₹1,57,235

Factors influencing gold rates today

After a steady start, gold prices on the MCX drifted lower as of writing the copy at around 10:00 am. Gold June futures, traded soft by 0.16% or ₹244 at ₹1,53,699 per 10 gm.

Internationally, the price movement in bullion is subdued, as investors await the US-Iran talks. The US President Donald Trump has been reported saying that he is confident of Iran negotiating, adding that the nation will face problems otherwise.

The two-week ceasefire announced earlier between the two nations will end this week, igniting uncertainty.

The two-week ceasefire to the conflict that has killed thousands and roiled the global economy, particularly energy markets, is set to expire this week.

Meanwhile, gains in the dollar index, also weighed on gold prices.

US gold futures, traded with a cut of 0.41% at $4,809.09 per ounce.

source: Upstox, Dailyhunt

22/04/26, Phalodi Satta Bazaar predictions on State Elections

 West Bengal (294 seats, majority 148): TMC is predicted at 158-161 seats, BJP at 127-130 and INC at 4-6. This is an extraordinarily tight market call - TMC crossing majority but only just, with BJP at its strongest-ever projected showing in the state. The gap between the upper end of BJP's range and the lower end of TMC's range is as narrow as 28 seats, reflecting genuine uncertainty about the final outcome.

Assam: NDA is predicted at 97-99 seats against INC-plus at 23-25, suggesting the market expects a comfortable NDA majority in the state where the BJP has been the incumbent government.

Kerala: UDF is predicted at 75-77 seats against LDF at 62-64, with the market favouring a Congress-led alliance to unseat the CPI(M)-led LDF government - a prediction consistent with Kerala's historical pattern of alternating between the two fronts.

Tamil Nadu: DMK is predicted at 141-144 seats - a projection that places the ruling Dravidian party on course for a comfortable majority in the 234-seat assembly.

22/04/26, PostMarket REPORT by TheFinancialExpress

Extending gains for the third consecutive session, benchmark indices rose by up to 1% on Tuesday, led by FMCG and realty stocks amid strong corporate earnings from select companies.

Positive global cues and optimism surrounding progress in US-Iran peace talks further lifted investor sentiment.

However, the Indian rupee took another knock as the Reserve Bank of India (RBI) rolled back some forex market curbs. The currency settled at 93.49 against the US dollar, down 38 paise, or 0.41%, from the previous close. According to market sources, corporates would have rolled over positions after the RBI allowed cancellation and re-booking of contracts.

What do researchers say?

"The rupee depreciated after the RBI withdrew its circular, permitting banks to offer derivative contracts to clients. The central bank has also allowed corporates to cancel and rebook positions, enabling genuine hedging," said Anindya Banerjee, Head of Currency and Commodity Research at Kotak Securities. So far in calendar year 2026, the rupee has declined 4%, with most of the depreciation occurring after the onset of the West Asia conflict.

Banerjee added that uncertainty around the Strait of Hormuz, a strengthening US dollar, and persistent risk-off sentiment continue to weigh on the rupee. He expects the currency to trade in the range of 92.80-94 in the near term.

On the equities front, the BSE Sensex rose 753.03 points, or 0.96%, to close above the 79,000 mark at 79,273.33, while the Nifty 50 rose 211.75 points, or 0.87%, to settle at 24,576.60. Over the past three sessions, the indices have gained 1.65% and 1.57%, respectively. The India VIX declined 6.69% to 17.53, indicating easing market volatility.

"Indian equities are expected to continue their gradual upmove, supported by improving macroeconomic conditions, easing crude prices, and strong Q4 earnings momentum," said Siddhartha Khemka, Head of Research, Wealth Management, at Motilal Oswal Financial Services.

With the ceasefire set to expire on Wednesday (April 22), all eyes are on the second round of US-Iran talks. While markets remain hopeful of progress, elevated tensions and uncertainty around participation pose key downside risks, Khemka added.

"Amid hopes of progress in Iran-US peace talks and supportive global cues, Indian equity markets rebounded strongly," said Vinod Nair, Head of Research at Geojit Investments. FMCG and realty stocks led the rally, backed by solid earnings updates, while banking stocks gained after the RBI eased forex restrictions, he added.

Market breadth remained positive, with 2,531 gainers against 1,760 losers on the BSE. The broader BSE Midcap and BSE Smallcap indices rose 0.70% each.

Investor wealth increased by Rs 2.99 lakh crore, with total market capitalisation on the BSE rising to Rs 468.67 lakh crore. FMCG and realty sectors led the gains, each rising over 2%, while banking and financial services were among the other top performers.

#Nestlé India, Hindustan Unilever, Trent, Bajaj Finance, and Tata Consumer Products were the top gainers on the Nifty. Shares of Nestlé India surged 8.43% after the company reported revenue and net profit growth of 22.6% and 25.8%, respectively, boosting hopes of a revival in urban consumption.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,919 crore ($205 million), while domestic institutional investors (DIIs) bought equities worth Rs 2,221 crore, according to provisional BSE data. So far in April, FPIs have sold shares worth Rs 42,761 crore ($4.6 billion), while DIIs have invested Rs 34,885 crore.

source: Dailyhunt 

22/04/26, Crude oil prices rebounded from their intraday lows on Tuesday, 21 April, as the looming expiry of the two-week ceasefire on Wednesday raised concerns that hostilities could resume in the region, with Iran yet to confirm its participation in a second round of peace talks in Pakistan.

 Brent crude rebounded 5.35%, or $5 per barrel, from intraday lows to $98.89, while US benchmark crude recovered 5.56% or $4.77 a barrel to $90.68 from the day's low.

Tensions between the US and Iran renewed earlier this week after the US Navy seized an Iranian vessel in the Strait of Hormuz.

Shipping traffic through the key waterway, which normally handles about 20% of global oil and liquefied natural gas (LNG) supplies, remained broadly halted on Tuesday.

Peace talks remain uncertain

US President Donald Trump said Tehran had "no choice" but to send a delegation to Pakistan. The US is "ready to go" with a resumption of bombing if a breakthrough is not reached, he told CNBC.

Trump added that Vice President JD Vance is prepared to travel to Pakistan for negotiations. Earlier this week, he said it is "highly unlikely" he would extend the two-week truce if an agreement were not reached before it expires, adding that the Strait of Hormuz would remain blocked until an accord is finalised.

Meanwhile, Parliament Speaker Mohammad Bagher Ghalibaf said Iran would not "accept negotiations under the shadow of threats."

Esmail Baqaei, spokesperson for Iran's Ministry of Foreign Affairs, said during a weekly press briefing on Monday, "We have no plan for a next round of negotiations, and no decision has been made in this regard," according to Fars News Agency.

On Monday, Esmail said there appears to be little seriousness on the part of the US in pursuing diplomacy in its conventional sense.

The standoff threatens to deepen the energy crunch, with flows through the vital Strait of Hormuz remaining at a near standstill. Key unresolved issues include Iran's nuclear programme and Israel's military operations in Lebanon.

The first round of talks began on Saturday, 12 April, in Islamabad, with Pakistan acting as mediator. The discussions, involving Iranian and US representatives, lasted about 21 hours but ended without a breakthrough.

Meanwhile, Iran's Foreign Ministry on Tuesday condemned the confiscation of Iranian cargo ship Touska by the United States and called for the "immediate release of the vessel, its sailors, crew, and their families."

(Report by Mint with inputs from Bloomberg)

22/04/26, Human rights activist and the UN special rapporteur on Palestine, Francesca Albanese, has spoken about the current situation in Gaza.

 In an interview with The Hindu, Albanese said that what Israel is doing in Gaza cannot be justified in any way. She also raised questions about the global community's cold response to Israel's attacks on Palestinians. She specifically expressed concern over India's relations with Israel.

Albanese presented her report titled "Torture and Genocide" on March 23 this year at the 61st session of the United Nations Human Rights Council. In the report, she particularly highlighted the arrests of Palestinians by Israel since October 2023 and the torture of those held in detention. The report mentions 18,500 arrests, including 1,500 children.

Israel is doing very wrong: Francesca

In the interview, Francesca Albanese said that what the Israeli army and government are doing in Gaza is cruel and cannot be justified at any cost. Dropping bombs on Palestinians, arresting them, taking them from their homes and making them disappear, and the exploitation of women and children are being carried out by Israel.

Israel has recently introduced a new law that specifically talks about the arrest of Palestinians and imposing strict punishments on them. This law shows how Israel is crossing its limits every day. The world should speak out on this, but instead it has maintained a cowardly silence.

India's stance is not right: Albanese

Albanese further said, "We have continuously raised questions in Italy and compelled our government to speak on the Palestine issue. I would like the people of India to also speak out strongly on this issue and question their government. We cannot remain silent on the oppression being carried out by Israel."

During the interview, she expressed concern over India Israel relations, especially regarding support from Delhi to Tel Aviv during the Gaza war. She said it is troubling to know and read about such developments. This has happened at a time when the International Court of Justice has already issued a warrant against Israeli Prime Minister Benjamin Netanyahu, declaring him a criminal.

India should not go against the law

Francesca Albanese alleged, "By helping Israel and Netanyahu, whom I consider war criminals, India is violating international law. India may have to face accountability. However, within India, different viewpoints have also been seen on this issue. Civil society and many others in the country have continuously raised their voices for Palestine and Gaza."

22/04/26, How can they (AIADMK) join with Modi?

Congress president Mallikarjun Kharge on Tuesday made a shocking charge against Prime Minister Narendra Modi, calling him a "terrorist", as he came down heavily on the AIADMK for joining hands with the BJP-led NDA for the upcoming Tamil Nadu assembly elections.

The BJP was quick to respond, demanding an apology to the nation from Kharge as well as Chief Minister MK Stalin for "disrespecting" 140 crore Indians by calling Prime Minister Modi a "terrorist".

WHAT DID MALLIKARJUN KHARGE SAY?

Kharge, who was campaigning in Chennai for the DMK-led alliance of which the Congress is a part, questioned how the AIADMK had joined Modi while accusing him of being a "terrorist" whose party does not believe in equality and justice.

How can they (AIADMK) join with Modi? He is a terrorist. And he who won't believe in equality. His party won't believe in equality and justice. And these people are joining with them, it means that they are weakening democracy…" Kharge said.

His scathing attack on the AIADMK-BJP alliance comes on the last day of campaigning for the Tamil Nadu election, voting for which will take place on April 23. He did not mince words as he said by joining hands with a party like the BJP, the AIADMK was "weakening democracy and the philosophy of Annadurai, Kamaraj, Periyar…and Babasaheb Ambedkar".

Kharge, however, promised that the Congress-DMK alliance will continue to deliver "welfare, inclusive growth, quality education, and accessible healthcare" in Tamil Nadu.

Report by News18, Dailyhunt 

US-Israel-Iran War Updates, April 21, 2026

 Iran is considering attending peace talks with the United States in Pakistan, a senior Iranian official told Reuters on Monday, following moves by Islamabad to end a US blockade of Iran’s ports, a significant obstacle to Tehran rejoining peace efforts as the end of a two-week ceasefire approaches.

However, the official stressed that no decision had been made and Iranian Foreign Minister Abbas Araqchi said that “continued violations of the ceasefire” by the US are a major obstacle to continuing the diplomatic process.

Meanwhile, US vice president JD Vance is set to arrive in Pakistan on Tuesday for the peace talks.

Stay with News9Live.com for latest updates on the ongoing US-Israel vs Iran war.

21/04/26, Stocks to Watch Today, the EconomicTimes Report

 Indian equities are expected to see stock-specific action on April 21, driven by fourth-quarter earnings announcements and key corporate developments.

Companies including PNB Housing Finance, NELCO, HCLTech, and Vedanta Limited remain in focus amid financial performance updates and strategic announcements.

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

Q4 Update

Company Name	Why in Focus
PNB Housing Finance	Profit rises 14.4%;
NELCO	Swings to profit; revenue up 17.3%
Indosolar	Profit inches up; revenue plunges sharply
SML Isuzu	Profit edges higher; revenue sees strong growth

PNB Housing Finance

Profit rises 14.4 per cent

PNB Housing Finance reported a steady performance, with profit rising 14.4 per cent to Rs 648.7 crore compared to Rs 567.1 crore. Net interest income increased 8.2 per cent to Rs 796 crore from Rs 735.8 crore. The board has recommended a final dividend of Rs 8 per share for FY26.

NELCO

Revenue up 17.3 per cent

NELCO posted a turnaround, reporting a profit of Rs 1.09 crore against a loss of Rs 4.08 crore. Revenue grew 17.3 per cent to Rs 79.2 crore from Rs 67.5 crore.

Indosolar

Profit inches up; revenue plunges sharply

Indosolar saw profit increase 4.9 per cent to Rs 42 crore from Rs 40 crore, though revenue declined sharply by 56.7 per cent to Rs 83.1 crore from Rs 192 crore.

SML Isuzu

Revenue sees strong growth

SML Isuzu (referred to as SML Mahindra) reported a 2.4 per cent rise in profit to Rs 54.2 crore versus Rs 52.95 crore, while revenue climbed 16.4 per cent to Rs 897.65 crore from Rs 771.4 crore.

Corporate Update

Company	Why in Focus
HCLTech	Appoints Kimsuka Narsimhan as independent director
Thomas Cook India	Launches visa rejection trip cover with ICICI Lombard
TVS Motor Company	Enters Zambia market with Zamoto as distributor
Tata Consultancy Services	Signs MoU with NAVER for map services collaboration
Suzlon Energy	Partners with GS E&C for renewable energy solutions
BSE Ltd	Launches Housing Finance Index via subsidiary
JSW Steel	Forms JV with POSCO for Odisha steel plant
Vedanta Limited	Sets May 1, 2026 as demerger effective date
Hyundai Motor Company	Partners with TVS Motor for electric three-wheelers in India

HCLTech

Appoints Kimsuka Narsimhan as an independent director

Technologies (HCLTech) on Monday announced the appointment of Kimsuka Narsimhan as an independent director with immediate effect.

Thomas Cook

Launches visa rejection trip cover with ICICI Lombard

Thomas Cook (India) and its group company SOTC Travel on Monday announced the launch of trip cancellation due to visa rejection cover, in collaboration with ICICI Lombard.

TVS Motor

Enters Zambia market with Zamoto as distributor

TVS Motor Company on Monday announced its foray into the Zambian market, appointing Zamoto Manufacturing Ltd as its official distributor.

Tata Consultancy Services (TCS)

Signs MoU with NAVER

South Korean tech giant NAVER Corp and India's largest IT company Tata Consultancy Services (TCS) on Monday inked a Memorandum of Understanding for mutual cooperation in map services.

Suzlon Energy

Partners with GS E&C

Suzlon Energy and Korean firm GS E&C on Monday exchanged initial pact for a partnership in India's renewable energy business and the optimisation of related solutions.

BSE

Launches Housing Finance Index

BSE Index Services, a wholly-owned subsidiary of BSE Ltd, on Monday announced the launch of the BSE Housing Finance Index, aimed at tracking the performance of companies engaged in the housing finance segment.

JSW Steel

Forms JV with POSCO

JSW Steel has entered into a joint venture agreement with South Korean steel major POSCO to set up a 6 million tonnes per annum steel plant in Odisha, a statement said on Monday.

Vedanta

Sets May 1, 2026 as demerger effective date

Mining major Vedanta on Monday said its board has approved May 1, 2026, as the effective date for the demerger of its aluminium, merchant power, oil and gas and iron ore verticals into separate listed entities.

Hyundai Motor Company

Partners with TVS Motor

Hyundai Motor Company and TVS Motor Company on Monday said they have signed a joint development agreement to advance the development and commercialisation of electric three-wheeler solutions designed specifically to address India's last-mile mobility needs.

21/05/26, Oil Prices Rise

Oil prices rose on Monday, driven by escalating tensions between the United States and Iran, although the increase was less pronounced compared to earlier in the conflict.

Concurrently, U.S. stocks experienced a slight retreat from their recent record highs.

The S&P 500 index fell by 0.2% from its all-time peak, marking only its second decline in 14 days, following the U.S. seizure of an Iranian-flagged cargo ship accused of attempting to bypass the blockade on Iranian ports. The Dow Jones Industrial Average decreased by 4 points, or less than 0.1%, while the Nasdaq composite dropped by 0.3%.

Oil Price Dynamics

The price of Brent crude oil, which serves as the international benchmark, surged by 5.6%, settling at $95.48. This rise is attributed to concerns that Iran might continue to restrict petroleum shipments in the Persian Gulf, particularly if it maintains its blockade of tankers in the Strait of Hormuz.

This marks a reversal from the previous trading day when stock prices soared and oil prices declined after Iran announced its intention to reopen the strait to commercial vessels. However, optimism quickly diminished when Iran re-closed the strait on Saturday following the U.S. decision to continue its blockade of Iranian ports.

Upcoming Ceasefire Deadline

A critical deadline is approaching on Tuesday night at 8 p.m. Eastern time, coinciding with early Wednesday in Tehran, when a ceasefire agreement between the United States and Iran is set to expire.

Despite recent fluctuations, oil prices remain significantly lower than the peaks reached during the conflict, with Brent crude previously exceeding $119 per barrel amid heightened fears. The S&P 500 index continues to trade above its pre-war levels.

Market Reactions

Monday's modest market movements indicate that investors still perceive a potential for a U.S.-Iran agreement that could restore oil supplies from the Middle East to global markets. Ending the conflict would likely benefit both nations economically.

Companies heavily reliant on fuel saw some of the largest declines on Wall Street following the rise in crude prices. Norwegian Cruise Line Holdings fell by 3.5%, and Royal Caribbean Group decreased by 1.1%.

In the airline sector, United Airlines dropped by 2.8%, and American Airlines fell by 4.2% after American Airlines expressed disinterest in a merger with United. Airline stocks had surged the previous week after reports indicated United's interest in merging with its competitor.

Stock Performance Highlights

On a positive note, TopBuild, a distributor of insulation and building products, saw its stock rise by 19.4% following news of a $17 billion acquisition by QXO. In contrast, QXO's stock fell by 3.1% after the announcement.

Overall, the S&P 500 declined by 16.92 points to close at 7,109.14. The Dow Jones Industrial Average decreased by 4.87 points to finish at 49,442.56, while the Nasdaq composite fell by 64.09 points to end at 24,404.39.

Corporate Earnings Outlook

The U.S. stock market's recent strength can be attributed to robust profit reports from U.S. companies during the first quarter of 2026, coupled with expectations for sustained growth. Several major banks, including JPMorgan Chase and Bank of America, reported stronger-than-expected profits, indicating a resilient U.S. economy fueled by solid consumer spending.

Morgan Stanley strategists, led by Michael Wilson, noted, 'Despite geopolitical risks, the earnings recovery remains intact.' Analysts have even increased profit expectations for the spring of 2026 since the onset of the war.

Approximately 10% of S&P 500 companies have reported their results for the beginning of 2026, with nearly 90% exceeding analysts' profit forecasts, according to FactSet. If other companies follow suit, overall earnings per share for S&P 500 firms could rise by 13% compared to the previous year.

Upcoming earnings reports from notable companies, including UnitedHealth Group, Tesla, and Procter & Gamble, are expected this week.

International Market Trends

In global markets, European indexes declined following a stronger finish in Asia. Germany's DAX index fell by 1.2%, while Hong Kong's Hang Seng index gained 0.8%, reflecting some of the more significant movements across international markets.

Source: Dailyhunt 

21/04/26, Gold&Silver

Gold prices on the Multi-Commodity Exchange (MCX) of India, lost around 1.1% during the morning market session on Monday, April 20, amid a higher US dollar demand weighing down on precious metals due to recent developments in the West Asia conflict.

Experts said that investors were driving down the precious metals with their trading sentiment fuelled by sustained bearish cues wiping out the previous week's gains due to the escalating tensions in the Strait of Hormuz between the United States and Iran.

US President Donald Trump announced that the US Navy attacked an Iranian-flagged vessel attempting to cross the key trading route amid the US blockade and the ceasefire deal between the two nations which is set to expire on Wednesday this week.

MCX gold prices dropped 1.17% or ₹1,810 per 10 grams its intraday low level of ₹152,799 per 10 grams during the morning market session on Monday, compared to ₹1,54,609 per 10 grams at the previous market close, according to the official data.

As of 12:47 pm, the MCX gold prices were trading 0.74% or ₹1,144 per 10 grams lower at ₹1,53,465 per 10 grams on April 20, compared to the previous market close levels, according to the exchange data.

Silver price today

The exchange data also showed that the MCX silver prices also remained under pressure with investors booking their profits amid an elevated dollar rate.

Silver prices dropped 2.36% or ₹6,071 per kilogram (kg) to hit the day's low of ₹2,51,071 kg on Monday, compared to ₹257,142 per kg at the previous commodity market close levels, according to MCX data.

As of 12:54 pm, the MCX silver prices were trading 1.59% or ₹4,082 per 10 grams lower at ₹2,53,060 per 10 grams on April 20, compared to the previous market close levels, according to the exchange data.

The news portal PTI reported that commodity analysts attributed Monday's falling prices to the weak global cues in the market, sell-off pressure from investors and a falling spot demand for precious metals.

US dollar rate today

Data collected from the Bloomberg US dollar spot index (DYX) showed that the greenback was trading 0.12% higher at ₹98.216 as of 3:18 am (EDT) on April 20, compared to the previous currency market close levels.

The elevated dollar rate in the market was imposing pressure on the demand for gold and silver as traders will be able to purchase lower quantity of the assets with a higher US dollar price, hence marking an inverse relation between the commodity price and the benchmark currency rate.

Source:Upstox, Dailyhunt 

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.

21/04/26, Godavari Power & Ispat Ltd..680% rally in 5 years

 Shares of the multibagger stock Godawari Power and Ispat Limited are likely to remain in focus on Tuesday, April 21, after the company announced the allotment of equity shares following the conversion of warrants by a key investor.

In an exchange filing today, the company said its Stakeholders' Relationship Committee has approved the allotment of 13.61 lakh equity shares of Re 1 each at a premium of ₹244 per share, pursuant to the conversion of warrants.

The allotment comes after Meridien Realtech Private Limited exercised its option to convert an equal number of warrants into equity shares upon payment of the remaining 75% of the issue price. The company received ₹183.75 per warrant on conversion, aggregating to approximately ₹25 crore.

Earlier, the company had allotted over 2.04 crore convertible warrants at an issue price of ₹245 per warrant on a preferential basis to promoters and non-promoter investors. Of this, 25% of the issue price had already been received at the time of allotment, as per the company's regulatory filing.

"Out of the above seven warrant holders, one warrant holder, namely Meridien Realtech Private Limited (MRPL), has exercised the option for conversion of 1,361,000 warrants into an equal number of equity shares of the company upon payment of the balance 75% of the issue price of the warrants," the company said in its regulatory filing.

Recent developments

The company has been in the headlines in recent weeks following major announcements.

The company last week said it has increased its investment in its wholly owned subsidiary, Godawari New Energy Private Limited (GNEPL), through a fresh equity infusion of ₹50 crore. The funds will be utilised by GNEPL to meet its proposed capex and working capital requirements for setting up a battery energy storage plant.

In late March, the company's board approved a proposal to set up an integrated steel plant with a capacity of 1 million tonnes per annum (MTPA) of iron and steel finished products.

The proposed facility will be located in the village of Sarora in the Raipur district, Chhattisgarh, with an estimated investment of ₹7,000 crore. The project will be funded through a mix of debt and equity (internal accruals) in a 1:1 ratio.

Godawari Power and Ispat share price trend

The company's shares have witnessed a solid turnaround in recent weeks as sentiment improved. Even when the broader market was struggling to find momentum, the stock hit multi-month highs. From its March lows of ₹237.70 apiece, the shares have recovered 26%.

Last week, the stock reached a fresh record high of ₹310apiece. The recovery rally has also contributed to a 13% surge in 2026 so far. Impressively, the stock has delivered positive returns over the last six years, with 2023 being the biggest annual gain of 133%, followed by 103% in 2022.

In terms of cumulative gains, the stock has delivered a whopping 2,193%, rising from ₹11.60 apiece to ₹266 apiece. Over the last five years it has gained 680%.

Disclaimer: We advise investors to check with certified experts before making any investment decisions.

20/04/26, FinancialMarket this week

 Indian equity benchmarks continued their uptrend, forming a higher high–higher low pattern for the second consecutive week ended April 17, despite volatility driven by West Asia tensions, fluctuations in oil prices, and March quarter earnings. Falling oil prices below $100 per barrel, amid hopes of a resolution to the Iran conflict and emerging ceasefire frameworks, supported the equity markets.

The strengthening rupee against the US dollar, valuation comfort, and a recovery in FII flows also boosted market sentiment. Encouragingly, the IMF raised India's FY27 GDP growth forecast to 6.5 percent from the previously projected 6.4 percent, even as it flagged global recession risks, highlighting India's macroeconomic resilience.

On Monday, the market will first react to HDFC Bank and ICICI Bank's quarterly numbers, as well as the closure of the Strait of Hormuz and hope of second round of peace talks before ceasefire deadline of April 22. Going ahead, market direction in the coming week is expected to be driven by progress in peace talks, developments in the Strait of Hormuz, crude oil prices, FII sentiment, and March quarter earnings. The overall trend is likely to remain positive, despite expected volatility linked to a potential US-Iran deal.

In the past week, the Nifty 50 soared 303 points (1.26 percent) to 24,354, while the BSE Sensex surged 943 points (1.22 percent) to 78,494, in addition to the nearly 6 percent rally seen in the previous week.

The broader markets outperformed the benchmark indices, with the Nifty Midcap 100 and Smallcap 100 indices gaining 3.55 percent and 4.3 percent, respectively.

According to Vinod Nair, Head of Research at Geojit Investments, the near-term market direction hinges on progress in Middle East peace efforts, crude oil stability below $100, and the trajectory of foreign inflows.

He added that sustained de-escalation could ease inflation and currency pressures, thereby improving risk appetite for import-sensitive markets like India. He also noted that Q4 earnings and FY27 management guidance will shape sectoral leadership.

He believes that sentiment remains constructive, but markets will stay selective amid lingering global uncertainties.

According to Siddhartha Khemka, Head of Research (Wealth Management) at Motilal Oswal Financial Services, equities are likely to consolidate at higher levels next week after a sharp 10 percent rally over the past ten trading sessions.

Broader markets are expected to continue outperforming, aided by sector-specific news flows and Q4 earnings driving stock-specific action, he said.

Here are 10 key factors to watch current  week:

Strait of Hormuz, Peace Talks Progress, Crude Oil Prices

The Strait of Hormuz and ongoing peace talks, along with the approaching ceasefire deadline on April 22, will be important factors for global investors to watch, particularly for their impact on oil prices. Equity markets have shown a healthy recovery over the last couple of weeks, with the Nifty 50 surging nearly 10 percent from its April low and US markets hitting record highs amid rising hopes of a resolution to the Iran conflict.

After failing to reach an agreement in the first round of peace talks between US and Iran negotiators on April 12, market participants are now awaiting the second round of discussions. In a post on Truth Social, Trump said, “My Representatives are going to Islamabad, Pakistan — They will be there tomorrow evening, for Negotiations.” While CNN reported that Iranian sources say they are sending a team too.

The Strait of Hormuz, a crucial waterway that handles around 20 percent of the global oil supply, remains the most critical factor in any potential US-Iran deal. On Friday, Iran reopened the waterway for commercial ships, triggering a relief rally in US markets and pushing oil prices down by 10 percent intraday. However, on Saturday, Tehran reimposed restrictions on the Strait, citing US “breaches of trust.” Additionally, Islamic Revolutionary Guard Corps (IRGC) gunboats fired on a transiting tanker (though the tanker and crew were safe), prompting several vessels to turn back.

With the situation in the Strait of Hormuz still unresolved and the US blockade of Iranian ports continuing, attention will remain focused on how global markets and crude oil prices react in the coming week.

Brent crude prices, the international oil benchmark, corrected by more than 12 percent intraday to $86.09 per barrel on Friday before recovering slightly to close at $92.41, down 5.9 percent for the day. For the week, prices declined by 1.95 percent, following a 13.71 percent drop in the previous week, but still remained above all key moving averages. Therefore, volatility is likely to persist in the coming week. However, prices need to fall below and sustain under $75 per barrel to provide meaningful relief to oil-importing nations such as India.

Global Economic Data

On the global front, US retail sales, pending home sales, weekly jobless claims and Michigan inflation expectations will be closely tracked by the market participants globally for further signals on consumer resilience, alongside flash PMI readings from major global economies.

Fed Chair Congressional Testimony

Apart from economic releases, market participants across asset classes will also watch the incoming Fed Chair Kevin Warsh's congressional testimony scheduled on April 21, for early signals on the direction of US monetary policy. This is his first testimony since nomination as Fed Chair by the President Donald Trump.

March Quarter Earnings 

Back home, the focus will remain on further set of quarterly earnings scheduled next week. More than 90 companies will release their quarterly numbers in the next six days including Nifty 50 names like Reliance Industries, Infosys, HCL Technologies, Axis Bank, Nestle India, SBI Life Insurance Company, Tech Mahindra, Trent, and Shriram Finance which have more than 22 percent weightage in the benchmark index.

Among others, IndusInd Bank, Billionbrains Garage Ventures Groww, Tata Elxsi, L&T Technology Services, Bank of Maharashtra, PNB Housing Finance, Central Mine Planning & Design Institute, Persistent Systems, Powerica, Bharat Coking Coal, Havells India, Tata Communications, Aditya Birla Sun Life AMC, Adani Energy Solutions, Cyient, Indian Energy Exchange, Sterling and Wilson Renewable Energy, Tata Capital, Tata Teleservices (Maharashtra), UTI Asset Management Company, Adani Green Energy, L&T Finance, Mahindra & Mahindra Financial Services, IDFC First Bank, and India Cements will also announce their quarterly earnings scorecard in the coming week.

Domestic Economic Data

Economic releases like infrastructure output for March scheduled on April 20, HSBC Manufacturing & Services PMI Flash numbers for current month on April 23, and foreign exchange reserves for week ended April 17 will also be watched. Minutes of RBI monetary policy held in earlier this month will also be released next week on April 22.

Manufacturing PMI dropped to 53.9 in March from 56.9 in February due to slow growth in factory output and new orders, while the services PMI during the same period also fell to 57.5 from 58.1.

Meanwhile, foreign exchange reserves continued to trend higher for second consecutive week ended April 10 at US$700.95 billion from US$697.12 billion in previous week, especially after consistently falling for a month following the beginning of Iran war.

FII Flow

The focus will also be on the mood at the Foreign Institutional Investors' (FIIs) desk as they provided sigh of relief in the recent week due to buying in last three straight sessions, though they turned net sellers to the tune of around Rs 251 crore worth shares for the week, the lowest selling after several weeks. They sold more than Rs 1.61 lakh crore worth shares since March, and over Rs 2.09 lakh crore in current year in the cash segment.

FIIs buying in last three days amid the hope of potential West Asia war resolution, stability in rupee, and falling oil prices may be an indication of change in their mood. Follow-up buying interest from them is necessary for strengthening healthy trend in the market.

On other side, Domestic Institutional Investors (DIIs) turned net sellers after a long time, offloading shares worth nearly Rs 6,300 crore in the passing week, which may be due to profit booking. They had bought Rs 2.8 lakh crore worth shares in current year and nearly Rs 30,000 crore in current month, providing strong support to the market in every fall.

Indian Rupee

The movement in the Indian rupee will also be watched as the currency remained range-bound for last couple of weeks, especially after hitting record low of 95.22 against the US dollar and strengthening by 2.2 percent in the week ended April 2. In the recent week, it gained 0.51 percent to finish at 92.57 against the US dollar but has not breached all key moving averages yet.

US dollar index softened for third straight week to 98.22 from 100.64 as improving sentiment around US–Iran de-escalation talks reduced safe-haven demand for the dollar, which along with the recent FIIs buying interest and cooling oil prices (that eased pressure on India's import bill) supported the rupee.

"Overall, the rupee remains supported in the near term, but sustainability will depend on the outcome of geopolitical developments and crude price stability," Jateen Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities said.

IPO Action 

The IPO action has not seen strong revival action yet though the market sentiment has been improving for last couple of weeks. Leapfrog Engineering Services, from the SME segment, will be the only IPO hitting Dalal Street next week on April 23. The company is raising Rs 88.5 crore via IPO at the upper end of price band of Rs 21-23 per share.

Citius Transnet Investment Trust, and Mehul Telecom will close their public issues on April 21, while Property Share Investment Trust's Propshare Celestia and Mehul Telecom will make their debut on the BSE on April 24.

Technical View, F&O Cues, VIX

Technically, the momentum in the near term remains in favour of bulls with the RSI climbing to over 57 and the MACD reaching closer to zero line with expansion in histogram green bar, while the index sustained well-above short term moving averages which both trended upward. Now, the Nifty 50 needs to convincingly break above 24,400, the recent week's high, for sharp upmove toward 24,700-24,800 as above it 25,000 is the level watch going ahead, while the immediate support is placed at the 24,200-24,100, followed by 23,900 as a crucial support.

The weekly options data indicated that the Nifty 50 is expected to be in the 24,000-24,800 range in the upcoming sessions, while the broader range could be 23,800-25,000. The maximum Call open interest was placed at the 25,000 strike followed by the 24,800 and 24,500 strikes, with the maximum Call writing at the 25,000, 25,050 and 24,600 strikes. On the Put side, the 24,000 strike holds the maximum open interest followed by the 24,200 and 23,800 strikes, with the maximum Put writing at the 24,000, 24,300 and 24,200 strikes.

Meanwhile, the fear index India VIX fell 8.73 percent to 17.2, extending downtrend for third consecutive week from more than 21-month high of 28.9, signalling comfort for bulls. Falling further toward 14 zone can provide more support to the bulls.

Corporate Action

Here are key corporate actions taking place in the coming week:

Report prepared by Mr Sunil Sankar Matkar of Network18 

Disclaimer: The views and investment tips expressed by experts are their own. We advise readers and Investors to check with certified experts before taking any investment decisions.