Tata Steel reported its highest-ever annual production and deliveries in India for FY26, supported by capacity ramp-up and steady domestic demand, even as its European operations remained mixed.
Aluminium prices surged amid global supply disruptions triggered by Middle East tensions, including Iran’s missile strikes on smelters. Religare Broking expects the rally to continue as structural deficits persist. MCX Aluminium trades above key support levels, with short-term targets at Rs 370-372 and a buy-on-dips strategy is advised for near-term gains.
Kalyan Jewellers reported a robust 64% revenue growth in Q4 FY26, driven by strong India operations with over 65% growth and a 45% SSSG. International business also saw a 45% rise, while its digital platform Candere surged over 360%. The company remains optimistic for the new financial year, anticipating strong Akshaya Tritiya and wedding season sales.
Banque de France shifted 129 tonnes of gold reserves from New York to Paris by selling older non-standard bars held at the Federal Reserve Bank of New York and buying new compliant bullion in Europe. The move upgraded reserve quality, brought holdings closer to home, and generated a financial gain.
Foreign investors divested a massive Rs 60,655 crore from Indian bank stocks in March, a significant portion of their total equity withdrawals. Despite this selloff, analysts now see compelling valuations for long-term investors, with some brokerages upgrading key banking counters. While sectors like auto and construction also saw outflows, IT experienced modest selling, and capital goods attracted buying.
Australian shares closed at a near four-week high on Tuesday, driven by short covering and battered stock purchases. However, the benchmark index retreated from its peak amid Middle East conflict concerns, as Iran rejected a ceasefire and refused to reopen the Strait of Hormuz, impacting investor sentiment.
JPMorgan CEO Jamie Dimon warned that the war in Iran could trigger oil and commodity price shocks, leading to persistent inflation and higher interest rates than anticipated. He also addressed concerns about the private credit sector, suggesting it likely poses no systemic risk despite recent investor pullbacks driven by AI worries.
Auto stocks have seen a significant drop of up to 27% in the last three months. This decline comes despite healthy vehicle demand. Investors are concerned about rising input costs, crude oil price volatility, and potential supply disruptions. Experts suggest continued underperformance in the near term. However, some analysts are identifying select stocks for potential investment opportunities.
US services growth slowed in March as inflation pressures surged amid rising fuel costs and Middle East tensions. While demand remained resilient with strong new orders, higher input costs and supply disruptions raised concerns, prompting expectations that the Federal Reserve may keep interest rates steady for longer.
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