As investors steadied themselves for pivotal central bank meetings, European markets experienced minimal fluctuations. Oil prices rose, reflecting the stagnation in U.S.-Iran diplomatic progress. A downturn in technology and consumer staples stocks pulled the pan-European index downwards. On the upside, Germany’s DAX and Spain’s IBEX 35 enjoyed slight gains.
UltraTech Cement Q4 Results: UltraTech Cement announced a significant 20% rise in its net profit for the fourth quarter. The company also recommended a special dividend of Rs 240 per share. This performance reflects a decade of strategic growth and acquisitions. Record profits and capacity expansion mark a successful financial year for UltraTech.
NBFC Aye Finance on Monday reported a more than two-fold jump in net profit to Rs 86 crore for the fourth quarter ended March 31.
Indian equities are showing renewed strength, with Nifty poised for further gains towards 24,800 after a healthy one-third retracement. Analysts highlight broad-based buying and a firm market structure. The steel and metals sector is particularly attractive, with Jindal Steel & Power and NMDC identified as promising investment opportunities for traders.
Oil prices jumped almost 3% on Monday as peace talks between the U.S. and Iran stalled and shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight.
Indian markets show a recovery but face a "kangaroo market" due to global risks like West Asian tensions and oil price volatility. Investors are urged to be selective, focusing on adaptable companies, especially in IT and consumer goods, as AI disruption reshapes industries. The real economy anticipates pain as oil costs and supply chain disruptions impact consumers and businesses.
Paytm shares fell 8% after RBI cancelled Paytm Payments Bank’s licence but recovered sharply as brokerages stayed bullish. Analysts see limited financial impact, citing separation from PPBL and strong core business momentum. Jefferies, Goldman and Bernstein retained positive ratings, though risks to sentiment remain. Technical indicators suggest near-term volatility, with key support around Rs 1,050 and resistance near Rs 1,150.
Shares of Cohance Lifesciences surged 20% on Monday after the appointment of former Cipla CEO Umang Vohra as its new Executive Chairman and Group CEO. His leadership is expected to drive transformation, scale operations, and strengthen global partnerships as the company enters its next growth phase.
Indian markets are stabilizing as earnings season unfolds. Early IT sector results have lowered expectations. The market is now shifting focus to broader sectors and domestic growth themes. Investors are looking at mid and smallcap companies. Power, infrastructure, and autos are key areas of interest. Financials also present opportunities. The market is expected to consolidate in the near term.
Shares of Shriram Finance fell nearly 4% on Monday despite strong Q4 FY26 results, including a 41% profit surge and healthy AUM growth. Global and domestic brokerages such as Nomura, JM Financial and Motilal Oswal Financial Services maintained ‘Buy’ calls, citing resilient fundamentals and robust medium-term growth prospects.
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