She said she was "optimistic" that once the war is ​over, supply disruptions will end and there will be a "temporary" impact on inflation and a "minimal" hit to overall economic activity. But Bowman added, "should disruptions persist well into the second half of the year, we could ​start to see broader effects on inflation."
The war has curtailed most shipping through the Strait ​of Hormuz, a key route for Gulf producers to export aluminium and import raw materials. ​Two regional smelters were hit by Iranian strikes in late March.
Sebi has approved IPOs for Renny Strips, Krishna Buildspace, and Rodec Pharmaceuticals. Renny Strips, a structural steel manufacturer, intends to raise Rs 300 crore through its public issue. Explore wellness memberships at [link removed].
US stock markets opened higher on Friday after record closes in the previous session, with Dow, S&P 500, and Nasdaq all gaining at the open. Sentiment remained supported by optimism over a possible US-Iran deal, easing geopolitical tensions, and strong momentum in equities ahead of key global and economic updates.
Indian banks’ RoA is expected to ease to 1.15–1.2% this fiscal from 1.3% last year, driven by lower treasury income and higher pre-emptive provisioning ahead of the ECL framework. Despite the dip, margins remain stable, and asset quality risks are contained, keeping overall profitability broadly resilient.
On Friday, Indian stock markets took a notable plunge, with the Sensex and Nifty indices experiencing considerable drops that erased vast amounts of market value. Factors contributing to this downturn included disappointing predictions for monsoon rains, ongoing concerns over a possible peace agreement between Iran and the US, and persistent selling pressure from foreign institutional investors.
Natco Pharma shares plunged after the company reported a steep fall in fourth-quarter profit, revenue and EBITDA. Weak operating margins and lower annual earnings weighed on investor sentiment despite a one-time tax-related benefit recorded during the quarter and full financial year.
BofA Securities warns Indian equities face rich valuations and halved earnings growth outlook, projecting market gains to mirror profit expansion. Elevated valuations over emerging market peers and domestic bonds suggest limited upside, with returns likely in the 8-9% range. Steady domestic investor flows are expected to prevent sharp corrections, favoring a sideways market movement.
Bitcoin hovered near $73,660 as whale outflows hit their highest level since February, adding to short-term selling pressure. Major altcoins saw mixed moves, with BNB, XRP, Solana, Dogecoin and Cardano gaining, while Tron slipped. Market sentiment remained cautious even as global crypto market capitalisation edged up to $2.47 trillion.
Shares of PC Jeweller surged 14% after the company reported a 58% year-on-year rise in Q4 net profit to Rs 150 crore. Strong consumer demand and steady sales momentum boosted performance, with quarterly revenue climbing 33% to Rs 927 crore. For FY26, revenue jumped 49% to Rs 3,353 crore compared with the previous financial year.
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