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.
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 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.
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.
SBI Cards and Payment Services reported a 14% year-on-year increase in net profit to Rs 609 crore for the fourth quarter of FY26. Revenue from operations saw a 6% rise to Rs 4,934 crore during the same period. The company's shares experienced minor losses following the announcement of these financial results.
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.
Market expert Amit Khurana offers insights on key corporate and regulatory developments. Sun Pharma's acquisition is seen as strategically sound, though debt requires careful management. Paytm Payments Bank's license cancellation has limited impact on its core business. Banks show stable earnings with upside potential, while NBFCs face stretched valuations. Consumption and select sectors present opportunities.
International brokerages Jefferies and Goldman Sachs have issued bullish notes for the steel sector, citing multiple reasons for strong upside potential for JSW Steel and other key players in the field.
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