Market Bizzz

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.

Akshaya Tritiya is a significant date in the Vedic tradition. It signifies actions and intentions that compound over time. The day emphasizes giving and righteous conduct. Classical texts highlight jaldana, the offering of water, as particularly important. Stories of Indra and Draupadi’s Akshaya Patra illustrate its deeper spirit. Observing the day involves acts of charity and sincere remembrance.

Major US stock indices, including the S&P 500 and Nasdaq, closed at record highs Friday, fueled by optimism over Iran’s decision to open the Strait of Hormuz and potential peace talks with the US. This development eased inflation concerns as oil prices plummeted, boosting consumer discretionary and industrial sectors while energy stocks slid.

The Bombay High Court has ordered social media platforms and domain registrars to remove fake accounts and websites impersonating the National Stock Exchange (NSE). The court granted interim relief to NSE, directing platforms like X and Google-owned YouTube to take down infringing content. This action aims to protect unsuspecting investors from fraudulent stock market guidance.

Indian stock markets rallied for a second week, driven by hopes of peace in West Asia and a strengthening rupee. Easing geopolitical tensions and falling oil prices boosted investor confidence, leading to gains across major indices. While the market shows positive momentum, analysts caution about potential resistance and short-term pullbacks.

Citius Transnet InvIT IPO is now open. The company aims to raise Rs 1,105 crore. Investors are showing interest in infrastructure assets that generate income. The IPO offers units at a price band of Rs 99-100. Proceeds will fund asset acquisitions. The trust operates road infrastructure across nine states. This offering targets yield-focused investors.

Oil prices dipped as Middle East tensions eased with a Lebanon-Israel ceasefire and potential US-Iran talks. President Trump indicated a deal with Iran was close, following a 10-day truce that removes a key obstacle to negotiations. Experts anticipate continued volatility but expect prices to remain supported.

Twelve stocks signaled bullish momentum by moving above their 200-day moving averages, indicating strengthening trends and potential upside continuation.