The Indian rupee fell to a record closing low on Wednesday, pressured by rising oil prices as efforts to end the Iran conflict remained stalled, while persistent foreign selling of Indian assets added to the strain.
Bandhan Bank is showing signs of recovery, with its Managing Director and CEO highlighting a repaired balance sheet and cautious optimism for the future. The bank has seen NIMs stabilize due to lower funding costs and reduced slippages, while asset quality has significantly improved, leading to a downward trend in credit costs.
India’s smallcap stocks are posting their best monthly gain in 12 years, driven by improved earnings outlook and attractive valuations after correction. Despite geopolitical risks and largecap weakness, retail investors are returning, signalling risk appetite and confidence in earnings recovery.
Adani Power Q4 Results: The company reported a significant 52% year-on-year increase in consolidated net profit to Rs 4,017 crore for the fourth quarter, driven by a 10% rise in total income to Rs 15,989 crore. The company's operational performance remained resilient with EBITDA up 9% YoY. Growth was fueled by new power purchase agreements and capacity expansion, despite a dip in merchant sales.
Silver prices declined by Rs 1,137 to Rs 2.36 lakh per kilogram in futures trade on Wednesday as traders trimmed positions amid concerns over elevated crude oil rates and strengthening of the US dollar.
Indian Bank reported a standalone net profit of Rs 3,103 crore for the March-ended quarter, up 5% from Rs 2,956 crore a year ago. Net interest income (NII) rose 11% to Rs 7,110 crore in Q4FY26, compared with Rs 6,389.34 crore in the corresponding quarter of the previous financial year.
European shares dipped on Wednesday, as investors turned their focus to a packed day of corporate earnings, while a continuing U.S.-Iran impasse also kept risk sentiment in check.
Vedanta Q4 Results: Vedanta announced a significant financial performance for the March quarter. The company's net profit soared by 92% year-on-year to Rs 6,698 crore. Total revenues also saw a substantial increase of 47% year-on-year. Vedanta achieved its best-ever EBITDA and a record Return on Capital Employed. The net debt to EBITDA ratio improved considerably, marking a 14-quarter high.
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