Stock Market Live April 7: Volatility to dominate trade as markets track Iran conflict and RBI policy

Rupee caught in tug-of-war between RBI-led unwinding, Trump’s Iran deadline

Rupee caught in tug-of-war between RBI-led unwinding, Trump’s Iran deadline

Rupee expected to trade near 93 per dollar amid RBI support and Iran conflict risks influencing market stability.

Centre plans ₹2.5 lakh crore credit guarantee scheme amid West Asia war impact

Centre plans ₹2.5 lakh crore credit guarantee scheme to support stressed sectors

Government may launch ₹2.5 lakh crore credit guarantee scheme to support MSMEs, aviation and other sectors hit by West Asia tensions.

Maharashtra to revise fines, bank guarantees for polluting industries after CAG report

Maharashtra to revise pollution fines and bank guarantees after CAG flags lapses

Maharashtra plans stricter pollution fines and bank guarantees after CAG flags ₹272 crore lapses, with new rules and online monitoring to boost compliance.

Sensex, Nifty set for muted start amid US-Iran tensions, RBI policy in focus

Sensex, Nifty to open lower amid US-Iran tensions; RBI policy and volatility in focus

Indian markets may open lower as US-Iran tensions persist. RBI policy outcome, expiry day and high volatility are likely to guide market direction today.

InCred Alternative Investments closes maiden Special Opportunities Credit Fund at ₹1,500 crore hard cap

InCred Alternative Investments, today announced the final close of its maiden Special Opportunities Credit Fund at its hard cap of ₹1,500 crore

RBI keeps FPI percentage caps unchanged, raises overall debt investment limit for FY27

The Reserve Bank of India (RBI) has kept the percentage investment caps for Foreign Portfolio Investors (FPIs) unchanged for FY 2026-27: 6% for government securities (G-Secs), 2% for state government securities (SGSs), and 15% for corporate bonds.

However, due to growth in the bond market, it has raised the overall absolute debt investment limit from the current ₹14.71 lakh crore to ₹15.52 lakh crore in the first half of FY27 (April–September 2026), and further to ₹16.32 lakh crore in the second half (October 2026–March 2027).

Category-wise limits have also been revised upward accordingly, with the aim of boosting foreign capital inflows, improving liquidity, and supporting government borrowing. From April 2026, investments under the Voluntary Retention Route (VRR) will be counted within the general route limits.

Moody’s affirms India’s Baa3 rating with stable outlook, warns on West Asia conflict risks

Moody’s has kept India’s sovereign credit rating unchanged at Baa3 (equivalent to BBB-) with a stable outlook. The agency cited improving fiscal metrics, resilient economic growth relative to peers, and rising private investment backed by government infrastructure spending.

However, it warned that a prolonged conflict in West Asia could slow India’s GDP growth to around 6% in FY27, push inflation higher to 4.8%, widen the current account deficit, and increase pressure on the rupee due to higher energy and commodity costs.

India allows expansion of mining leases to unlock deep-seated minerals

Government amends mining rules to boost critical mineral exploration and self-reliance

Government amends mining rules to allow lease expansion and boost exploration of critical minerals, strengthening supply and supporting Atmanirbhar Bharat goals.

HDFC Mutual Fund Turns a Dying Lake into a Lesson in SIPs through Nurture Nature 4.0

HDFC Mutual Fund has concluded a first-of-its-kind campaign under its long- standing initiative, Nurture Nature, reimagining how India understands Systematic Investment Plans (SIPs) by turning a complex financial concept into visible, real-world impact.

The campaign linked every new SIP registered during the initiative to water restoration, with each SIP registration contributing to the revival of the dying Nayanamkunta Lake in Hyderabad. Thousands of individual SIPs which got registered, helped channel a small portion of the funds into a large-scale ecological effort that helped restore a lake in partnership with the renowned environmentalist Anand Malligavad, bringing a fragile ecosystem back to life.

Speaking on the initiative, Mr. Navneet Munot, Managing Director & CEO, HDFC Asset Management Company, said “This campaign is a testament to the idea that small steps, taken consistently, can lead to extraordinary outcomes. Just as SIPs help build financial security over time, collective action can restore and sustain our environment. We are proud to have created a platform where every investor could contribute to a larger social cause.”

Beyond awareness, the campaign aimed to inspire genuine behavioural change. By drawing a parallel between the discipline of regular investing and the compounding power of collective action, the initiative shows how small, sustained contributions financial or environmental can create lasting transformation

Credit Card Report for the month of February 2026 from Asit C. Mehta Investment

Total credit card spending declined sharply to ₹1,772 bn, falling 11% MoM but still growing modestly by 6% YoY, indicating slowdown in consumption momentum

Transaction volumes mirrored the trend, dropping 8.5% MoM to 491 million, though maintaining strong 23.9% YoY growth, suggesting usage remains healthy despite lower spending values

The slowdown in spends and volumes was largely driven by the top 4 banks, which together account for ~76% of industry spends, highlighting their outsized impact on overall trends

Card issuance remained robust at 1.05 million new cards, hitting a 23-month high and reflecting ~7.7% YoY growth, indicating continued focus on customer acquisition

Total cards outstanding reached ~118 million, showing steady expansion in the credit card base across the industry

Average spend per card declined to ₹15,056, down 11.7% MoM and 1.6% YoY, reflecting weaker consumption and dilution due to rapid card additions

Spend per transaction also declined (~3% MoM / ~14% YoY), indicating continued pressure on ticket sizes and consumer spending behavior

Among major banks, SBI showed strong YoY spend growth (30.3%), while ICICI Bank saw a slight YoY decline, indicating divergence in performance among top players

Mid-sized banks like Federal Bank and Yes Bank posted strong YoY growth (47.7% and 23.5% respectively), gaining traction despite overall slowdown

Federal Bank stood out in card issuance and portfolio expansion, with ~87% YoY growth in cards and significant market share gains despite a small base

Market concentration remains high, with top 10 banks accounting for ~93% of total spending share, indicating a highly consolidated industry

February is seasonally weak for card usage, but the sharper-than-usual decline suggests underlying softness in near-term consumption trends

Divergence between strong card issuance and weak spending highlights that banks are prioritizing growth and customer acquisition over immediate usage, which may support future recovery in spends

CDSL demat additions slow in March; depositories set for mixed Q4 performance, says Equirus

Equirus Express: Mar’26 Demat account additions + 4QFY26E Depositories Preview – Demat account additions slows down for CDSL in Mar’26

Monthly demat additions for CDSL in Mar’26 declined to 1.84mn vs 2.38mn mom. For 4QFY26, overall net demat account additions stood at 7.38mn vs 7.57mn qoq.

Total demat accounts of CDSL as of Mar’26-end stood at 178.3mn vs 175.9mn as of Dec’25-end.

Overall cash ADTO in Mar’26 increased by 9.1% mom (+29.0% yoy) to Rs 1.345trn. ADTO of 4QFY26 stood at Rs 1.29trn vs Rs 1.07trn in 3QFY26, an increase of ~21% on qoq basis.

4QFY26E Depositories Preview

CDSL: We expect overall revenue to decrease by ~5.8% qoq driven by lower income in IPO/CA income. We are building-in ~11% qoq increase in transactional income owing to increase in cash market volume. We are building-in 1% qoq growth in annual issuer charge and ~52% qoq decline in IPO/CA income. Expect EBITDA margins to decline sequentially owing to lower revenues.

NSDL: We are building-in ~1.4% qoq increase in consolidated revenues while depository revenue is expected to decline 1.2% qoq. Depository income decline is expected due to decline in IPO/CA income. We are building-in 2% qoq growth in annual issuer charge while settlement fees is expected to grow ~18% qoq. Expect EBITDA margins of the company to decline to 29% vs 29.9% qoq on account of decline in revenue in depository business.

JPMorgan’s Dimon warns Iran war may drive inflation and interest rates higher

JPMorgan’s Dimon warns Iran war may drive inflation and interest rates higher

JPMorgan’s CEO Jamie Dimon warns that the Iran war could drive inflation and interest rates higher amid geopolitical tensions.

13 stocks including Titagarh, IRFC, Aurobindo Pharma to remain in focus on Tuesday

13 stocks to watch on Tuesday: Titagarh, IRFC, Aurobindo Pharma among key names

Stocks in news: Titagarh gets shipbuilding approval, IRFC sanctions ₹1,000 crore loan, Aurobindo Pharma posts positive trial results, others secure deals.

GE Shipping to sell MR tanker Jag Prakash; fleet now at 40 vessels

Great Eastern Shipping Company Limited (GE Shipping) has contracted to sell its 2007 built Medium Range Tanker Jag Prakash of about 47,848 dwt, to an unaffiliated third party. The vessel will be delivered to the new buyer in Q1 FY27.

Including Jag Prakash, the company’s current owned fleet stands at 40 vessels, comprising 26 Tankers (5 Crude Tankers, 17 Product Tankers, 4 LPG Carriers) and 14 Dry Bulk Carriers (2 Capesize, 9 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.20 mn dwt.

Keystone Realtors posts record pre-sales and collections for FY26, launches major redevelopment projects in Mumbai

Keystone Realtors Limited (NSE: RUSTOMJEE; BSE: 543669) has announced its operational updates for the fourth quarter and financial year ended March 31, 2026. Operating under the well-known ‘Rustomjee’ brand, the company reported its highest-ever quarterly pre-sales and collections, significantly surpassing its annual guidance for the fiscal year.

Operational Performance Snapshot

For the full year FY26, the company achieved total Pre-Sales of INR 40.22 billion, marking a robust 33% Year-on-Year (YoY) growth compared to INR 30.28 billion in FY25. Total Collections for the year stood at INR 26.21 billion, a 13% YoY increase. The total area sold grew by 25%, reaching 2.12 million square feet.

Quarterly Highlights (Q4FY26 vs Q4FY25)

The fourth quarter was particularly strong, with the company achieving its best-ever quarterly pre-sales of INR 13.46 billion, representing a massive 58% YoY surge. Collections for the quarter also hit a record high at INR 8.53 billion, up 14% YoY. During this period, the company launched two premium projects-Bandstand Cama in Bandra West and Rustomjee Vista Bay in Sewri-with a combined estimated Gross Development Value (GDV) of INR 39.78 billion.

Strategic Expansion & Redevelopment Focus

Keystone Realtors continues to strengthen its leadership in the Mumbai redevelopment market. In FY26, the company added five new projects with a total GDV of INR 104.20 billion, reflecting a 118% YoY growth in business development. Notably, all additions this year were redevelopment projects. The company successfully achieved 174% of its annual business development guidance and 140% of its launch guidance.

Reflecting this operational momentum, the company maintains strong credit ratings of A+ (Stable) from ICRA and A+ (Positive) from India Ratings.

Ethos Ltd opens new luxury watch boutique in Mumbai’s Breach Candy

Ethos Ltd has inaugurated a new Ethos Watch Boutique located at Ground Floor, Shop no. 2, Hormuz Mansion, Bhulabhai Desai Marg, Breach Candy, Mumbai, Maharashtra – 400026.

This boutique marks a significant milestone in strengthening our luxury brand portfolio and further consolidates our presence in one of India’s most prominent luxury retail markets. With this launch, the Company continues to make the world’s most exclusive brands more accessible to discerning customers in India, in line with our strategic vision of delivering unparalleled luxury experiences.

Apeejay Surrendra Park Hotels expands with three new launches in Darjeeling, Gangtok, and Katra

Apeejay Surrendra Park Hotels Limited (ASPHL) continues to accelerate its growth trajectory with the launch of three new hotels on March 31, 2026 – marking a significant expansion of its presence across key leisure destinations in India. The Group announces the launch of Zone by The Park Darjeeling, Zone Connect by The Park Gangtok, and Zone Connect by The Park Katra.

By entering these iconic geographies simultaneously, the Group reinforces its position as a dominant force in India’s design-led and mid-scale hospitality sectors.

– Zone by The Park Darjeeling marks the entry into one of India’s most iconic hill destinations, bringing its signature design-forward sensibility, vibrant social spaces, and tech-savvy design to the “Queen of the Hills.”

– Zone Connect by The Park Gangtok caters to the growing demand for well-planned stays in a key hill destination, serving both leisure and adventure travellers.

– Zone Connect by The Park Katra marks the brand’s presence one of India’s most prominent spiritual destinations, offering a comfortable and efficient stay for visiting pilgrims and travellers.

Commenting on the milestone, Mr Vikas Ahluwalia, Associate Vice President and National Head – Zone by The Park Hotels, stated, “The simultaneous launch of these three hotels underscores our commitment to rapid growth and the strategic diversification of our portfolio. By establishing a presence in these vital getaways – from the spiritual heart of Katra to the serene heights of Darjeeling and Gangtok – we are meeting the evolving needs of the modern traveller. We look forward to a transformative 2026 as we continue our journey into new and exciting destinations.”

Nykaa Q4 delivers highest growth in 12 quarters, strong gains in beauty and fashion verticals

ykaa (FSN E-Commerce Ventures Limited along with its subsidiaries) delivered strong performance in Q4 FY2026 with Consolidated GMV growth expected to be in late twenties. Consolidated NSV growth is expected to be higher in early thirties. Consolidated Net Revenue growth is expected to be in late twenties, marking the highest growth in the last 12 quarters. This strong performance came on the back of acceleration in Fashion vertical along with sustained strong performance of Beauty vertical.

With this, Nykaa’s Consolidated NSV growth for full year FY2026 is expected to accelerate to late twenties, up from mid-twenties growth seen in last 2 years. Net Revenue for FY2026 is expected to improve to upper end of mid-twenties, reflecting consistently healthy performance across all verticals.

Nykaa’s Beauty vertical is expected to deliver GMV, NSV and Net Revenue growth of late twenties with NSV slightly higher than the GMV and Net Revenue growth. GMV to NSV conversion has improved meaningfully, driven by funnel improvement across businesses. Omnichannel performance remained strong and House of Nykaa continued to grow faster, scaling well and contributing meaningfully to overall performance.

The retail network saw strong expansion this quarter with record number of store additions – 26 new store openings and 11 Kiehl’s store integrations in Q4 FY2026, marking the highest quarterly addition to date. With this, the total store count stands at 313 as of 31st March 2026.

Nykaa’s Fashion vertical has demonstrated steady growth revival since the start of FY2026. This trajectory is expected to strengthen further in Q4 FY2026, with GMV growth of late twenties and NSV growth tracking ahead at early forties. The superior performance was driven by improving momentum in platform business including funnel improvement and robust customer acquisition. Brand assortment continued getting richer, the Nike partnership showed early traction and Pink Love Sale delivered a solid outcome along with an uptick in marketing income.

SpaceX plans retail-heavy IPO, aims for record listing

SpaceX plans retail-heavy IPO aiming for $75 billion and $1.75 trillion valuation

SpaceX plans a record IPO with strong retail investor focus, aiming to raise $75 billion and reach a valuation of up to $1.75 trillion.

PNGS Reva Diamond Jewellery Q4 revenue soars 139% YoY, driven by strong festive sales and store expansion

PNGS Reva Diamond Jewellery Limited, a branded Certified Natural diamond jewellery retailer backed by the 190+ years legacy of the P. N. Gadgil & Sons Group, with a strong presence in Western India & an expanding retail footprint across key markets, reports its business update for the Fourth Quarter ended March 31, 2026.

Financial Performance Summary

Total Revenue from Operations: ₹1,382.14 Million (Q4 FY26) vs. ₹578.14 Million (Q4 FY25) – Up 139.07%

Revenue Excluding Gold Sales: ₹1,138.33 Million (Q4 FY26) vs. ₹578.14 Million (Q4 FY25) – Up 96.90%

Revenue from Operations:

– The strong revenue growth (excluding Gold sales) of 96.90% YoY in Q4FY26, reflecting the company’s strength as a diamond jewellery retailer, supported by increased consumer demand, healthy volume growth and newly formed strong brand affinity.

Festive Sales:

– During Gudhi Padwa, the company recorded revenue of ~₹70 Millions, compared to ~₹20 Millions in the previous year, reflecting a strong year-on-year growth of 2.5x.

– During Valentine’s Day, the company witnessed strong sales, contributing meaningfully to the overall quarterly performance.

Store Expansion:

During March 2026 month company launched one new COCO store and one new SIS store, taking the total store count to 36 (2 COCO stores and 34 SIS stores as of 31-March-2026) compared to 33 SIS Stores as of 31-March-2025.

Growth Outlook:

– The Company remains focused on driving growth through a calibrated store expansion strategy, with plans for the roll-out of ~15 COCO stores over the next 24 months from IPO date out of which we have established 1 store in March 2026 month. The expansion will be supported by the deployment of IPO proceeds towards store capex, inventory and brand-building initiatives. In addition to this, whenever promoter group company will put their store, PNGS Reva Diamond Jewellery will have a SIS arrangement with them. So that will be a passive growth alongside active growth of 15 EBO’s.

– The store roll-out will be strategically executed across Maharashtra and select pan-India markets, particularly in high-footfall locations, aimed at strengthening brand presence and enhancing market reach, while capitalizing on the growing consumer preference for branded diamond jewellery.

East India Drums and Barrels wins ₹1.06 crore BPCL contract for metallic drums supply

East India Drums and Barrels Manufacturing Limited has received a Letter of Acceptance (LOA) from Bharat Petroleum Corporation Limited (BPCL), Petroleum House, for the supply of Metallic drums/barrels, with an aggregate contract value of Rs. 1,06,00,000 (Rupees One Crore Six Lakh only).

The supplies under the said contract shall be made to BPCL at Mumbai Refinery, Mahul, India.

PC Jeweller Q4 revenue up 32% YoY, advances turnaround and debt reduction efforts

PC Jeweller Limited has announced its business update for the quarter ended 31st March 2026. PC Jeweller Limited, one of the leading players in the jewellery industry and amongst the top brands in studded jewellery, continued to deliver a robust quarterly performance, concluding Q4FY2026 with a standalone revenue growth of approximately 32% YoY. Consistent performance across all quarters has contributed to FY2026 emerging as a very positive year with a revenue growth of approximately 49% YoY, marking meaningful progress in the Company’s ongoing turn around journey.

During the quarter, the company executed a Memorandum of Understanding with National Skill Development Corporation under the Ministry of Skill Development & Entrepreneurship, Government of India to act as an Industry/Franchise Partner for the Gems & Jewellery Sector. Under this initiative, the Company aims to facilitate the development and onboarding of upto 2,00,000 micro-entrepreneurs across India over a 5-year period under the PC Jeweller Brand. The initiative offers the Company an opportunity to expand its retail footprint, while simultaneously contributing to employment generation, entrepreneurship development, and local economic growth through creation of a nationwide network of entrepreneurs under its brand. Further, the Company remains committed to its target of achieving a debt-free status in near future. In line with this objective, during the quarter, the Company has successfully further reduced its outstanding debt of banks under the terms of Joint Settlement Agreement by approximately 23%. Notably, the Company has repaid majority of its outstanding debt that was due to the banks under the terms of Joint Settlement Agreement, demonstrating significant progress towards its financial goals.

Fino Payments Bank reports record deposits and strong loan referral growth in Q4FY26

Fino Payments Bank Limited (”Bank”) has announced business performance for Q4FY26:

Liabilities – ~7 lakh new bank accounts opened in Q4FY26 (March 2026: 3.13 lakh); total customer base at ~1.75 crore. – Highest-ever quarterly renewal income of ₹62.2 crore.

– Deposits peaked at ₹2,950+ crore in March 2026 (all-time high). Loan Referral Strong momentum with 96% growth over Q3FY26, disbursements reaching ~₹600 crore through partner institutions, highlighting the growing credit potential within the ecosystem, and laying the foundation for the SFB journey ahead. Transaction Business (Remittance, Micro ATM, AePS) Declined ~30% vs Q3FY26 due to muted January & February 2026; however, witnessed a recovery in March 2026. Digital Payment Services – Moderation of ~25% vs Q3FY26, in line with our continuous risk-calibrated approach and impact due to recent developments. – Focus remains on building a high-quality, active, and risk-mitigated merchant base.

Godrej Consumer Products Ltd – Quarterly Update Q4FY26

This update provides an overall summary of the operating performance and demand trends during the quarter ended March 31, 2026. This is based on internal unaudited management reports. A detailed performance update will be shared following the Board of Directors’ approval of the Q4 FY26 financial results. The demand conditions and consumer sentiment remained steady in the domestic FMCG sector through Q4 FY26, with trade channels normalizing following the GST transition and food inflation easing. Policy tailwinds, including personal income tax relief and GST rationalization do position the industry well to offset the impact of crude led inflation as we enter FY27.

Against this backdrop, our Standalone business is expected to deliver double-digit underlying sales growth and high-single digit underlying volume growth in Q4 FY26, in line with guidance provided at our last analyst interaction. Excluding soaps, volume growth continues in double-digits, positioning GCPL among the volume growth leaders in the Indian FMCG sector. Growth has been broad-based, with all our future categories growing well. Standalone EBITDA margins are expected to sustain within our normative range, supported by meaningful cost savings in Q4. As guided earlier, our Indonesia business continues to show signs of stabilization with the peak of the competitive intensity behind us. Underlying volume growth is expected at mid-single digit in Q4, with market share gains sustained across categories. The GAUM (Godrej Africa, USA, and Middle East) business continues to deliver strong results, with double-digit sales growth and high-single volume growth. The growth has been broad based across geographies and categories with Hair Fashion and other categories continuing to see strong consumer traction of our products across markets. At a Consolidated level, we expect to deliver close to double-digit revenue growth, consistent with the sequential improvement trajectory through the year, with EBITDA growth broadly in line with revenue. We remain conscious of the volatility of the situation. If there is a further significant further cost escalation from current levels, we may have to re-assess the situation and our plans. We remain confident in the resilience of our portfolio, the strength of our brands, and our ability to deliver sustained, profitable growth going forward. The exit trajectory, combined with a favourable base, and continued strong domestic execution, positions us well for an acceleration into FY27.

Gallantt Ispat posts strong Q4 growth, pellet production surges 59% YoY

Gallantt Ispat Limited (NSE: GALLANTT; BSE: 532726) has released its provisional production and revenue data for the fourth quarter and full financial year ended March 31, 2026. The company demonstrated significant growth across its integrated steel manufacturing value chain, particularly in its upstream pellet and sponge iron operations.

Production Performance Highlights

The company saw a robust increase in output, driven by improved capacity utilization, which reached 91% in Q4 and 86% for the full year FY26.

Pellets: The standout performer, with Q4 production jumping 59% YoY to 2,21,612 MT. For the full year, pellet production rose 37% to 8,18,865 MT.

US military ramps up airstrikes on Iran, with more attacks expected tomorrow

TRUMP:

Over the past 37 days, America’s armed forces have carried out more than 10,000 combat flights over Iran, striking more than 13,000 targets.

US Secretary of War Hegseth: Today will be the largest volume of strikes on Iran. Tomorrow’s strikes on Iran will be more than today.

JPMorgan’s Jamie Dimon warns America must get stronger or risk losing its edge

JP Morgan Chase CEO Jamie Dimon just released his annual shareholder letter.

His message: America has no divine right to success. It needs to get stronger or risk losing its position.

JPMorgan is putting $1.5 trillion behind that conviction over the next decade through a Security and Resiliency Initiative, plus another American Dream Initiative aimed at expanding economic opportunity locally.

On the Iran war: it risks future oil and commodity price shocks and “time will tell” whether it achieves its goals.

On Europe: currently on a “bad path.” Dimon wants one big free trade deal with all of Europe in exchange for economic and military reforms.

On AI: adoption will be “far faster” than electricity or the internet. JPMorgan will not put its head in the sand.

One of the most powerful bankers in the world is making his thoughts known, and they seem to be resonating with many.

Source: Bloomberg

Fund Flow Activity: 06 April 2026 

(Rs. In Crs.)

Turnover : (NSE + BSE)

F&O Volume: 202828.16 + 3092454.3 Total: 3295282.46

Provisional Cash: Only NSE

FII/FPI: NET SELL: -7839.62

(7922.1 – 15761.72) 

DII: NET BUY: +7950.01

(19408.89 – 11458.88)

Buyback update

Aurobindo Pharma Buyback

In the financial year 2026‑27, under the new buyback taxation rules, Aurobindo Pharma Limited has announced its share buyback program, with the stock being listed in the F&O segment.

– Current Market Price (CMP): ₹1,340 per share

– Buyback Price (BB Price): ₹1,475 per share

– Buyback Size: ₹800 crore

– Record Date for Entitlement: 17 April 2026

WIPRO: INVESTEC SAYS CO COULD POTENTIALLY UNDERTAKE A BUYBACK OF AROUND RS 16,000 CR

M&M Financial Services – Q4 Business Update

* Disbursement (Q4): ₹17,180 Cr ↑11% YoY

* FY26 Disbursement: ₹61,100 Cr ↑6% YoY

* AUM: ₹1.34 Lakh Cr ↑12% YoY

* Collection Efficiency: 98% (improved YoY)

* Asset Quality: Stage-3 at 3.4–3.5% ↓ YoY/QoQ

* Stage-2 Assets: 4.8–4.9% ↓

* Liquidity: Strong buffer of ₹9,000+ Cr

Impact: Positive

Equitas Small Finance Bank – Q4 Business Update 

* Advances: ₹46,183 Cr ↑21.6% YoY ↑6.7% QoQ

* Deposits: ₹46,533 Cr ↑8% YoY ↑6.6% QoQ

* CASA: ₹12,198 Cr ↓1.7% YoY ↓5.3% QoQ

* CASA Ratio: 26% vs 29% YoY ↓

* Microfinance: ↑27% YoY growth

* Cost of Funds: 6.93% vs 7.54% YoY ↓

* CD Ratio: 93.7% (elevated liquidity utilization)

Impact: Mixed

Titagarh Naval Systems gets in-principle approval for ₹610 crore shipyard expansion in West Bengal

Titagarh Naval Systems gets in-principle approval for ₹610 crore shipyard expansion in West Bengal

TNSL gets approval for Rs 610 crore shipyard expansion in West Bengal, boosting India’s shipbuilding, defence manufacturing and maritime capabilities.

WATCH: Today’s Stock Recommendation: April 7, 2026

Trading Guide for April 7, 2026: Intraday supports, resistances for Nifty50 stocks

Day Trading Guide for April 7, 2026: Intraday supports, resistances for Nifty50 stocks

Get essential intraday support and resistance levels for Nifty50 stocks with trade recommendations for successful day trading.

Emmvee Photovoltaic (Add)

Broker’s call: Emmvee Photovoltaic (Add)

Emmvee is currently setting up a 6 GW integrated cell and module manufacturing unit, which will take its total capacity to 16.3 GW and 8.9 GW module and cell, respectively, making it the fourth largest player in India

Orient Electric (Buy)

Broker’s call: Orient Electric (Buy)

We model Orient to report revenue and PAT CAGRs of 11.7 per cent and 25.4 per cent, respectively, over FY25–28E

Bajaj Alternate Investment Management secures PMS licence from SEBI

Bajaj Alternate Investment Management secures PMS licence from SEBI

With this, the firm strengthens its positioning as a diversified investment platform offering comprehensive solutions across AIFs and PMS, the company said in a statement

SP Group gets relief on $3.4 billion private credit debt

SP Group gets relief on $3.4 billion private credit debt

SP Group’s Porteast Investment secures temporary debt relief, raising loan-to-value limits to mitigate financial pressures amid falling collateral values.

Equirus Securities ties up with Aletheia Capital, ropes in Jim Walker as Global Economic Advisor

Equirus Securities ties up with Aletheia Capital, ropes in Jim Walker as Global Economic Advisor

Equirus Securities partners with Aletheia Capital, appointing Jim Walker as Global Economic Advisor to enhance macro research for clients.

NSE to launch Brent Crude futures based on Platts benchmark

NSE to launch Brent Crude futures based on Platts benchmark

NSE to launch Brent Crude futures contracts based on Platts benchmarks, enhancing India’s energy derivatives market and global alignment.

Stock to buy today: Tata Consumer Products (₹1,053.35)

Stock to buy today: Tata Consumer Products (₹1,053.35)

The upswing can lift the stock to ₹1,120. So, buy at ₹1,050 and ₹1,020. Place stop-loss at ₹990. On a rally to ₹1,075 and ₹1,100, revise stop-loss to ₹1,050 and ₹1,080 respectively. Exit at ₹1,120