The Indian rupee declined in all five trading sessions to log its steepest week-on-week loss since September 2022, as worries over the fragility of a U.S.-Iran ceasefire and disrupted energy flows sparked a renewed surge in oil prices.
Japan's Nikkei set a closing record high on Friday, capping a third consecutive weekly gain, as enthusiasm over technology sector earnings offset uncertainty over a potential peace deal in the Middle East.
Tata Capital anticipates strong performance in FY27, driven by growth, improved margins, and operating efficiency. The company has seen a consistent decline in credit costs, a trend expected to continue due to a disciplined risk culture and the adoption of AI. Loan book growth is projected to be robust, with a focus on housing finance and retail products.
European shares fell on Friday and were set to end the week lower, as investors remained concerned about the lack of progress toward a resolution to the Middle East conflict, while also keeping a close watch on corporate earnings.
Metals major Hindustan Zinc on Friday declared a first interim dividend of Rs 11 per equity share for the ongoing financial year 2027, with the record date to determine the eligibility of shareholders being fixed on April 30.
Shriram Finance announced a strong financial performance for the March quarter. The company's standalone net profit surged 41% year-on-year to Rs 3,014 crore. Net Interest Income also saw a healthy increase. The NBFC recommended a final dividend of Rs 6 per share, bringing the total for FY26 to Rs 10.80 per share. Assets under Management grew by 15%.
Despite relative resilience in the broader smallcap index, several individual stocks have witnessed sharp corrections in CY26, falling up to 45%. The divergence highlights underlying weakness in select counters even as a few outperformers deliver strong gains, pointing to a highly stock-specific market environment.
Adani Green Q4 Results: Adani Green Energy announced impressive financial results for the March quarter. Net profit surged by 34.3% year-on-year. Revenue from operations also saw a healthy 16% jump, fueled by the addition of 5.1 GW of new capacity. The company's operational capacity expanded significantly, reaching 19.3 GW.
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