Reliance Power Shares Tank Nearly 6%; Analysts See More Downside
Reliance Power shares fell sharply on March 27, 2026, closing nearly 6% lower at ₹21.35….
Reliance Power Shares Tank Nearly 6%; Analysts See More Downside
Reliance Power shares fell sharply on March 27, 2026, closing nearly 6% lower at ₹21.35. The decline marks one of the steepest single-day drops in recent weeks, with analysts warning that the stock could face further downside amid weak fundamentals, high volatility, and sustained selling pressure. Reliance Power Share Price Performance Key Reasons for the…
Rupee Breaches 94, Worst Fiscal Year Fall in Over a Decade
The Indian rupee has plunged to a record low of ₹94.83 against the US dollar, marking its worst fiscal year decline in more than a decade. The currency has depreciated by nearly 11% in FY26, driven by surging crude oil prices, foreign fund outflows, and escalating Middle East tensions. Key Highlights Pivot Analysis: Stakeholder Narratives…
India Mandates Export Tax on Refineries Selling Petrol and Diesel Overseas
India has imposed an export tax on petrol and diesel to prioritize domestic supply amid surging global crude oil prices. The move, announced on March 27, 2026, comes alongside excise duty cuts for domestic consumers, ensuring affordability at home while discouraging excessive overseas shipments. Refineries exporting fuel will now face new levies, reviewed fortnightly by…
Emiac Technologies IPO Day 1: GMP, Subscription Status, Price Band, Other Details of BSE SME IPO in 10 Key Points
Emiac Technologies’ ₹31.75 crore SME IPO opened on March 27, 2026, with a price band of ₹93–₹98 per share. The issue saw tepid subscription interest on Day 1, while the grey market premium (GMP) reflected muted demand. The company had already raised ₹8.7 crore from anchor investors before launch. 10 Key Points About Emiac Technologies…
Stable Money to Raise $15 Million from Existing Investors
Stable Money, a fast-growing fintech platform focused on fixed-income investments, has announced plans to raise $15 million from its existing investors. This fresh round of funding underscores investor confidence in the company’s business model, growth trajectory, and ability to capture India’s expanding wealth management market. Background of Stable Money Founded with the mission to simplify…
Oil Prices Slide as Crude and Brent Post Over 1% Decline
Global oil markets witnessed a notable correction as both crude and Brent benchmarks fell by more than 1% in the latest trading session. The decline reflects a combination of easing demand concerns, geopolitical developments, and profit-booking by investors after recent rallies. Analysts suggest that while short-term volatility may persist, the fundamentals of energy demand remain…
Chief Economist Andy Haldane Urges Bank of England to Avoid Interest Rate Hikes
Former Bank of England chief economist Andy Haldane has cautioned policymakers against further interest rate hikes, warning that the UK economy is already under significant strain. Haldane, who now serves as chief executive of the Royal Society of Arts, argued that raising rates could worsen the challenges faced by households and businesses, particularly amid global…
Nifty Metal Index Falls Over 8% in One Month Amid US-Iran War; Analysts Recommend Buy-on-Dips in Metals Stocks
The Nifty Metal index has witnessed a sharp decline of more than 8% over the past month, weighed down by escalating geopolitical tensions between the United States and Iran. Concerns over global demand, supply chain disruptions, and rising energy costs have triggered volatility across the metals sector. Despite the correction, analysts remain optimistic about the…
JK Cement Stock: Can Its 1,188 Hectare Limestone Reserve Help Achieve the 50 MTPA Target?
JK Cement, one of India’s leading cement manufacturers, has announced the acquisition of a massive 1,188-hectare limestone reserve. This strategic move is being viewed as a critical step toward achieving its ambitious target of 50 million tonnes per annum (MTPA) production capacity by 2030. While the reserve strengthens raw material security, questions remain about execution,…
Jefferies Exits HDFC Bank Following Ex-Chairman Atanu Chakraborty’s Resignation, Trims India Weightage
Global brokerage firm Jefferies has exited its position in HDFC Bank after the resignation of former chairman Atanu Chakraborty, signaling a cautious stance toward India’s financial sector. The move, which also involved trimming its overall India weightage, has sparked discussions about investor confidence, governance concerns, and the broader outlook for Indian equities. Background of the…
