Global markets show weakness in US and Europe, while Asia remains mixed. Commodities diverge with rising oil and falling metals. FIIs were net buyers, DIIs sellers. Strong bank earnings support sentiment, though some corporate and regulatory risks persist. Macros indicate stable growth, rising yields, and ongoing policy and geopolitical developments.
Global Market Futures (as of 05:35 AM IST)
- US Market (Futures)
- Nasdaq: -0.68%
- Dow Jones: -0.90%
- S&P 500: -0.81%
European (Futures)
- Ftse 100: -0.54%
- Cac 40: -2.22%
- Dax: -1.25%
Asian
- NIKKEI 225: +0.87%
- KOSPI: +0.10%
- ASX 200: -0.26%
Gift Nifty (Prev. Close): 24700.00 (+1.15%)
FII and DII Trading Activity April 17, 2026 in Cash market
FIIs / FPIs: Net Buy of ₹683.20 crores
DIIs: Net Sell of ₹4,721.48 crores
Key Results Today
Billionbrains Garage Ventures GROWW, Bank of Maharashtra, PNB Housing Finance, SML Mahindra, Nelco, PNB Gilts, Ugro Capital, Indosolar, Indbank Merchant Banking Services, Jupiter Infomedia, and Navkar Corporation will release quarterly earnings today
Commodity Market Updates
Global commodity markets are showing divergence, with metals weakening while energy prices surge. Gold is trading near 4,747, down about 1.7-2.3%, and silver around 78.99, falling nearly 3.5%, indicating reduced safe‑haven demand and pressure from a stronger dollar. Copper also declined to approximately 6.03, reflecting cautious global growth expectations. In contrast, energy markets are sharply higher, with WTI crude at 88.71 and Brent near 96.82, both rising over 7%, driven by supply disruptions and geopolitical tensions. Natural gas edged up to 2.72, gaining around 2%. Overall, rising oil prices amid falling metals highlight supply‑driven energy strength versus demand concerns in industrial and precious metals
Key Corporate Updates
Positive
- HDFC Bank: The Bank reported a steady Q4 performance with profit rising 9.1% YoY to ₹19,221 crore. Net interest income grew modestly by 3.2%. Asset quality improved, with gross and net NPAs declining QoQ. Provisions dropped 18.3%, reflecting lower stress. The board recommended a final dividend of ₹13 per share
- ICICI Bank: Posted a strong Q4, with profit up 8.5% YoY to ₹13,701.7 crore and healthy NII growth of 8.4%. Provisions sharply declined, indicating improved asset quality. Gross and net NPAs continued to fall QoQ, strengthening the balance sheet and reflecting stable credit performance
- Yes Bank: The Bank delivered robust Q4 growth, with profit surging 44.7% YoY to ₹1,068 crore and NII rising 15.9%. Provisions dropped significantly, supporting profitability. Asset quality improved further, with both gross and net NPAs declining QoQ, signaling ongoing recovery and strengthening fundamentals
- Network18 Media & Investments: The company delivered solid operational growth in Q4, with revenue increasing 9.7% YoY. EBITDA jumped 59.5%, driven by improved efficiencies, leading to margin expansion of 150 basis points. The performance highlights strengthening profitability and better cost management across its media operations
- EMS Ltd: Secured lowest bidder (L1) status for two projects worth approximately ₹2.09 billion in aggregate, strengthening order book visibility and execution pipeline
- Subam Papers Ltd: Commenced commercial production at its new kraft paper plant in Tirunelveli, marking a capacity expansion and operational scale‑up
- Lemon Tree Hotels Ltd: Signed a license agreement for a new hotel in Garudeshwar, Gujarat, supporting network expansion in a key tourism and pilgrimage market
- OneSource Specialty Pharma Ltd: Received renewal of EU‑GMP certification for its Unit II manufacturing facility, supporting continued access to regulated international markets
- Aditya Birla Money Ltd: Reported Q4 revenue from operations of ₹1.30 billion and PAT of ₹187.3 million, indicating healthy quarterly profitability
- Bharat Forge Ltd: Announced BFISL’s acquisition of a stake in RS Aerostructures for a cost not exceeding ₹36 million, reflecting strategic expansion in aerospace‑related capabilities
- Dredging Corporation of India Ltd: Signed a fuel supply MoU worth ₹21.57 billion with IOCL, providing long‑term fuel sourcing visibility and operational support
- UltraTech Cement Ltd: Commissioned 8.7 MTPA of cement capacity, taking domestic grey cement manufacturing capacity to 200.1 MTPA, further strengthening its market leadership and scale
- Aurobindo Pharma Ltd: Received USFDA approval for Dextromethorphan Polistirex Extended‑Release Oral Suspension (OTC), with launch targeted in Q2FY27, supporting future product pipeline growth
- Jio Financial Services Ltd: Reported Q4 consolidated revenue from operations of ₹10.19 billion and profit of ₹2.72 billion, declared a dividend of ₹0.60 per share, and appointed Annapoorna Venkataramanan as Group CFO, reflecting earnings strength alongside leadership continuity
- SGL Resources Ltd: Secured multiple orders worth about ₹94.6 million in aggregate, improving near‑term business momentum
- RDB Infrastructure and Power Ltd: Entered a binding term sheet to acquire Arankam Green Energy Solution for ₹9 million, indicating a push into green energy opportunities
- National Stock Exchange of India: Received SEBI approval to invest in National Coal Exchange of India, supporting expansion into commodity market infrastructure
- Veerhealth Care Ltd: Received an order worth ₹61.6 million, supporting revenue visibility
- Lupin Ltd: Incorporated wholly owned subsidiary Lupin (Thailand) Limited in Thailand on April 17, 2026, strengthening its international presence
- PC Jeweller Ltd: Stated that it has discharged and repaid more than half of its outstanding bank debt, indicating ongoing balance sheet improvement
- Popular Vehicles and Services Ltd: Reported YoY growth in Q4FY26 total revenue from operations, indicating improved operating momentum
- Mangal Electrical Industries Ltd: Received renewed accreditation from Power Grid Corporation for 765 kV class projects, reinforcing eligibility in a high‑value transmission segment
- Marsons Ltd: Received purchase orders worth ₹153.8 million, supporting order inflows
- Harshdeep Hortico Ltd: Received a purchase order valued at ₹5.1 million, adding to revenue visibility
- Mirc Electronics Ltd: Approved monetisation of property at Cote, Ratnagiri and redevelopment and/or sale of Onida House in Mumbai, indicating asset monetisation efforts
- Onix Solar Energy Ltd: Board approved a rights issue of equity shares up to ₹1.30 billion, signaling planned capital raising for future growth or funding needs
Negative
- BHEL: Faces claims of ₹1.43 billion and has filed a suit against Raichur Power Corporation in the Bengaluru Commercial Court; separately, it withdrew acceptance of the LoI from MB Power for the Anuppur thermal power project, indicating project‑related disputes and order uncertainty
- Dish TV India Ltd: Announced board‑level changes and postal ballot proceedings, developments that may keep governance‑related concerns in focus
- Lead Reclaim and Rubber Products Ltd: Board is set to consider fundraising, which may raise dilution concerns depending on the mode and size of capital raise
- National Standard (India) Ltd: CFO Rameshchandra Chechani resigned, though Rohit Singhvi has been appointed as successor, marking a key finance leadership transition
- Jamna Auto Industries Ltd: Received a tax demand of ₹104.7 million plus applicable interest and penalty, creating a potential financial liability
- Cipla Ltd: USFDA inspection at the Goa manufacturing facility concluded with two Form 483 observations, which may require corrective action and remain a regulatory overhang
- Shyam Metalics and Energy Ltd: Reported a provisional attachment order by the ED relating to Shyam Sel and Power, which may keep legal and reputational risks elevated
Neutral / Others
- Mastek: Reported a strong Q4, with profit rising 30.9% YoY despite modest revenue growth of 3.6%. Other income surged sharply, boosting overall earnings. Exceptional losses widened, however. The company maintained shareholder returns, recommending a final dividend of ₹16 per share
- Niyogin Fintech Ltd: Board approved formation of a Strategic Review Committee to evaluate strategic opportunities, indicating an exploratory review without immediate financial impact
- Hathway Cable and Datacom Ltd: Appointed Gurjeev Singh Kapoor as COO and CEO‑designate, while Tavinderjit Singh Panesar will step down as CEO effective August 31, 2026; the company also reported Q4 consolidated revenue from operations of ₹5.46 billion and net profit of ₹113.3 million, reflecting steady quarterly performance alongside a planned management transition
- Zee Entertainment Enterprises Ltd: Approved investment of up to ₹1.16 billion in Phantom Digital Effects through CCDs, indicating a strategic capital allocation toward content‑tech capabilities
- Richfield Financial Services Ltd: Approved issuance of NCDs totaling ₹150 million, representing a routine financing move
- Trent Ltd: Will consider raising additional funds through equity shares, rights issue or other modes, and will also consider issuance of bonus shares; the update signals potential capital planning and shareholder action, with final terms awaited
- Mirza International Ltd: Board will consider business restructuring, indicating a strategic review stage without announced execution details yet
- Unifinz Capital India Ltd: Approved issuance of debentures worth ₹600 million, reflecting a funding initiative
- Krsnaa Diagnostics Ltd: Appointed Chandra Prakash Singh as Interim CFO effective April 17, 2026, marking a finance leadership transition
Non‑Corporate, Unlisted & Foreign / Macro
1) RBI / State Borrowing: Four states are scheduled to raise ₹115 billion via loans on April 21
2) RBI / Banking System: Indian banks’ deposits rose 13.5% YoY and loans rose 16.1% YoY in the fortnight ended March 31, indicating sustained credit expansion
3) RBI / Forex Reserves: India’s forex reserves rose to $700.95 billion as of April 10 from $697.12 billion a week earlier
4) RBI / Government Balances: RBI said the federal government had ₹1.00 trillion of outstanding loans with it as of April 10
5) India Bond Market: The 10‑year benchmark government bond yield closed at 6.9049% versus previous close of 6.8884%, indicating a rise in sovereign yields
6) India Trade Policy: The government restricted exports of some grades of natural barium sulphate, indicating tighter control over select mineral exports
7) India Markets Regulator / SEBI: Approved pre‑filing IPO papers filed by Avaada Electro, advancing the company’s public listing process
8) RBI / Sanctions Compliance: RBI issued an update under the UAPA/JAPA framework regarding amendments to three entries on the UNSC 1988 Taliban sanctions list
9) Aadhaar / Device Policy: India dropped a proposal to preload the Aadhaar app on new mobile phones, according to the state body, signalling a policy rollback
10) India Foreign Policy / Ukraine: A senior Ukrainian defence official said discussions were held with India’s foreign minister on the war
11) India Climate Diplomacy: India’s foreign ministry said the country has withdrawn its bid for annual IJN climate talks
12) India Energy Diplomacy: India said requests for energy supply have been received from Seychelles and Mauritius, with Mauritius discussions moving toward a possible government‑to‑government pact
13) India Strategic Affairs: India said it has been invited by I2U2 and France to join an initiative aimed at keeping the Strait of Hormuz open
14) Enforcement Directorate: Attached properties worth ₹108 million in a fraud investigation involving Teerth Gopicon and its promoters
15) Tesla: Bloomberg reported that Tesla is preparing to introduce a six‑seater Model Y variant in India as early as next week, signalling continued progress toward its India market entry
Bulk and Block Deals
Bharat Wire Ropes
Lloyds Metals and Energy and Lloyds Enterprises collectively acquired a significant stake in Bharat Wire Ropes through multiple share purchases totaling over 36 lakh shares. Meanwhile, Resonance Opportunities Fund exited partly, selling 17.02 lakh shares. The transactions indicate strategic accumulation by Lloyds Group alongside partial institutional divestment
Ind‑Swift Laboratories
HCP Investments sold 48 lakh shares (5.53%) in Ind‑Swift Laboratories, continuing its stake reduction to 6.65% over two days. Buyers included Sahastraa Advisors and Nova Global Opportunities Fund PCC – Touchstone, which acquired smaller stakes. The activity reflects a major exit by HCP and selective accumulation by other institutional investors
On‑going IPO
Last Date 21‑Apr
Mehul Telecom Ltd (BSE SME)
Upcoming IPO
NIL
Securities Trading Ex‑(Corporate Action) on April 20, 2026
NIL
Securities Under F&O Ban on April 20, 2026
SAMMAANCAP, SAIL
Source: WOWNEWS24X7, Moneycontrol, Investing.com
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