Shares of Bharat Heavy Electricals Limited rallied nearly 5% after the company posted an 18% YoY rise in its FY26 provisional turnover to Rs 32,350 crore. Strong order inflows, a Rs 2.4 lakh crore order book, and steady project execution boosted sentiment, though technical indicators signal overbought conditions.
HDFC Bank, ICICI Bank and Yes Bank delivered steady FY26 performances with healthy earnings growth and improved asset quality. While ICICI Bank and HDFC Bank attracted positive brokerage outlooks with strong fundamentals, analysts remain cautious on Yes Bank, citing valuation concerns and sustainability risks despite sharp profit growth in the latest quarter.
Global equity markets, led by the US, have recovered strongly, reaching new highs despite ongoing geopolitical tensions. However, volatile oil prices, influenced by conflicting US-Iran relations, are a major concern, impacting the global economy and investor sentiment. This uncertainty makes market navigation difficult, with potential effects on food prices.
Markets start the week on a positive note as Donald Trump signals possible easing of the Iran conflict, supporting global equities. However, optimism is tempered by concerns over sticky inflation, mixed economic data, and policy uncertainty. Investors are closely watching the April 21 hearing of Kevin Warsh, with shifting expectations now pointing to fewer or no rate cuts this year.
Shares of Adani Power hit a fresh 52-week high after its subsidiary Adani Atomic Energy incorporated Coastal-Maha Atomic Energy, signalling a deeper push into nuclear energy. The stock’s surge also comes amid rising expectations of strong summer power demand, with analysts projecting higher coal-fired generation and firm merchant power prices.
Brokerages continue to remain constructive on select pockets of the market, with a clear tilt toward financials, select industrials, and turnaround opportunities in IT.
Oil prices surged over 6% on Monday. Tensions flared around the Strait of Hormuz after the U.S. and Iran traded accusations of ship targeting. President Trump stated American forces seized an Iranian cargo ship. Iran responded by refusing further peace talks. The conflict has disrupted global oil flows. Experts predict continued price volatility and structurally higher prices.
The combined market valuation of eight of the top-10 most valued firms surged by Rs 1,87,497.45 crore in a holiday-shortened last week, with Bharti Airtel emerging as the biggest gainer, in line with a positive trend in equities.
Mutual fund trends highlight a structural shift in investor preference towards mid and small caps, sectoral themes, and multi-asset funds, while large caps lose share. SIP inflows hit record highs, reinforcing steady participation. Despite regulatory hurdles, overseas funds recover, reflecting evolving allocation strategies and risk appetite.
NSE’s unlisted shares have declined despite IPO buzz as eligibility rules restrict last-minute participation in the offer-for-sale. With a one-year holding requirement in place, new investors are locked out of the OFS route, shifting focus to valuations and post-listing performance in an increasingly selective primary market.
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