Vedanta Limited shares: The company reporteda boiler accident at its Chhattisgarh power plant, which left 10 workers dead and 24 injured. The company has launched an investigation with authorities and is assessing further details of the incident.
Four NSE large-cap stocks appeared in the White Marubozu bullish scan on April 13, signalling strong buying interest throughout the session. The pattern reflects sustained upward momentum and positive sentiment, helping traders identify potential continuation of bullish trends and assess near-term opportunities in fundamentally strong large-cap stocks.
ICICI Prudential Asset Management Company reported steady March quarter earnings, supported by strong revenue growth and improved operating performance. While quarterly profit moderated sequentially, annual earnings remained robust. Expanding assets under management and a growing investor base highlight sustained business momentum and reinforce the company’s strong position in the domestic mutual fund industry.
The US dollar hovered near six-week lows as easing geopolitical tensions and hopes of fresh US-Iran talks boosted risk appetite, reducing demand for safe-haven assets.
Bank of America survey highlights a sharp downgrade in global growth outlook the steepest in four years as investor caution deepens.
Equities may no longer solely drive portfolio returns due to slowing growth and high valuations. Investors should diversify across asset classes like debt, gold, and international equities to manage risk and achieve stable returns. Expectations should shift towards risk-adjusted returns, with 8-10% potentially being reasonable in the current volatile market.
In a remarkable move, Poonawalla Fincorp has secured ₹2,500 crore through a strategic qualified institutional placement. The company offered its equity shares to institutional investors at a price of ₹370.75 each, attracting a mix of domestic and international financial entities. As of the conclusion of Q3 FY26, Poonawalla Fincorp reported impressive assets under management totaling ₹55,017 crore.
A recent rebound in benchmark indices has improved short-term market momentum, but it is not yet strong enough to signal a sustained bullish trend.The share of NSE’s top 500 stocks trading above their 50-day moving average rose to 49% from 18% during the peak of the West Asia conflict, nearing pre-war levels of 50.5%, indicating recovery but not full strength.
The RBI has declined banks’ request to stagger provisions for likely MTM losses in the March quarter. Banks had sought relief to cushion the impact of rising bond yields and a late-imposed $100 million cap on net open positions, both of which pressured treasury earnings.
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