Market Bizzz

Oil prices are rising again. Peace talks between Iran and the United States are stalled. Trade through the Strait of Hormuz remains restricted. Iran seized two ships in the strait. The US maintains its naval blockade. Analysts predict prices could stay high. Disruptions may push Brent prices even higher. The market faces ongoing uncertainty.

Crude oil prices saw little movement as President Trump extended a ceasefire with Iran, though Iran described the continued blocking of ships as an act of war. Shipping activity through the Strait of Hormuz remains stalled, with analysts expecting prices to remain supported and potentially spike if disruptions persist.

Morgan Stanley has maintained an Overweight rating on PNB Housing Finance with a target price of ₹1,160, implying a potential upside of around 28% from the current market price of ₹905.

As of April 20, six NSE F&O stocks witnessed a notable rise in futures open interest, indicating heightened derivatives activity. The increase suggests traders are building fresh positions or adding to existing ones, reflecting stronger conviction and directional bias in the near-term price movement of these counters in the market.

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.

Brokerages continue to remain constructive on select pockets of the market, with a clear tilt toward financials, select industrials, and turnaround opportunities in IT.

ICICI Bank’s net profit rose 9% to Rs 13,702 crore in March 2026, driven by stable loan growth and a significant drop in provisions. Total advances increased 16%, with strong contributions from business banking and rural portfolios. The bank maintained a healthy net interest margin and stable asset quality.

Network18 Media & Investments reported a consolidated net loss of Rs 29.61 crore for the March quarter, despite a 9.7% rise in operational revenue to Rs 615.78 crore. The company highlighted strong performance in its TV news inventory and digital platforms, offsetting macro headwinds. Chairman Adil Zainulbhai expressed satisfaction with progress and diversification.