U.S. stocks were mixed in choppy trade as Treasury yields eased from recent highs and oil prices declined on easing supply concerns. Investors remained cautious amid inflation worries and rate hike bets, while AI-driven optimism and key earnings kept markets supported.
The deal, one of the largest in the U.S. power industry, adds to a wave of consolidation as the rapid data-center buildout lifts power demand for the first time in two decades, opening up a lucrative revenue stream and boosting profit prospects.
Indraprastha Gas Limited (IGL) reported a Q4FY26 net profit fall of 25% YoY to Rs 341 crore, driven by an 8% growth in expenses. Despite the profit dip, revenue increased 6% to Rs 4,585 crore. The company board also recommended a final dividend of 75% for the financial year 2025-26.
Nifty recovered but volatility persists, with resistance at 23,650. Analysts recommend buying PB Fintech (Policybazaar) at Rs 1,749 for an 8% upside and GE Shipping at Rs 1,700 for a 12% upside, citing strong technical breakouts and momentum.
The S&P 500 and the Nasdaq opened higher on Monday as heavyweight semiconductor stocks recovered, while a bond market rout that had sparked a selloff the previous week appeared to cool.
GIFT Nifty rallied nearly 1% after reports indicated possible temporary US sanctions relief on Iranian oil exports. Hopes of additional crude supply eased inflation and energy shock concerns, lifting investor sentiment despite ongoing geopolitical tensions, volatile crude prices, rupee weakness, and uncertainty surrounding West Asia negotiations.
JSW Energy has divested a portion of its JSW Steel stake for Rs 3,150 crore to fund its aggressive power generation expansion. The company aims to reach 30 GW capacity by 2030, bolstered by both renewable and thermal power projects. This strategic move enhances capital allocation and supports long-term growth initiatives.
UnitedHealth stock is up about 20% so far this year, after falling more than 30% last year, which had made it the worst performer on the Dow Jones Industrial Average index in 2025.
Several NSE large-cap companies reported record March 2026 quarterly profits, surpassing previous ten-quarter highs by over 25%. Strong operational performance, improved fundamentals, and favorable market conditions boosted earnings for firms including ABB India, JSW Steel, ICICI Bank, Bajaj Finance, Tata Motors, and Muthoot Finance.
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