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In the cash market, the Nifty 50 index rose 156.80 points or 0.65% to 24,353.55.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 4.86% to 17.21.
HDFC Bank, Wipro and Infosys were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The April 2026 F&O contracts will expire on 28 April 2026.
In the week ended on Friday, 17 April 2026, the S&P BSE Sensex advanced 943.29 points or 1.22% to settle at 78,493.54. The Nifty 50 index jumped 302.95 points or 1.26% to settle at 24,353.55. The BSE 150 Mid-Cap index surged 3.25% to close at 16,131.51. The BSE 250 Small-Cap zoomed 4.55% to end at 6,546.28.
Weekly Index Movement:
The domestic equity markets slumped on Monday, with benchmark indices witnessing a broad-based selloff amid escalating geopolitical tensions and a sharp surge in crude oil prices. The decline followed rising tensions between the United States and Iran after US President Donald Trump announced a naval blockade of the Strait of Hormuz, a key route for global oil supplies. The S&P BSE Sensex tanked 702.68 points or 0.91% to 76,847.57. The Nifty 50 index declined 207.95 points or 0.86% to 23,842.65.
The stock market was closed on Tuesday 14 April 2026, on account of Dr. Babasaheb Ambedkar Jayanti.
The headline equity benchmarks surged on Wednesday, tracking firm cues from other Asian markets amid renewed optimism over the resumption of US-Iran peace talks. The S&P BSE Sensex surged 1,263.67 points or 1.64% to 78,111.24. The Nifty 50 index jumped 388.65 points or 1.63% to 24,231.30.
The headline equity indices erased early gains to end marginally lower in a volatile session on Thursday. Tracking positive global cues, the markets opened higher on optimism around a potential US-Iran peace deal and held gains in the first half. However, selling pressure in the latter half wiped out intraday advances. The S&P BSE Sensex declined 122.56 points or 0.16% to 77,988.68. The Nifty 50 index fell 34.55 points or 0.14% to 24,196.75.
The key domestic indices ended with modest gains on Friday after US President Donald Trump expressed optimism about securing a permanent ceasefire with Iran. The barometer index, the S&P BSE Sensex jumped 504.86 points or 0.65% to 78,493.54. The Nifty 50 index rose 156.80 points or 0.65% to 24,353.55.
Economy:
India's Consumer Price Index (CPI) inflation rose to 3.4% in March 2026 from 3.21% in February 2026 to mark the largest inflation rate in over one year. Food inflation was at 3.87%, picking up from the 3.47% in the previous month.
India’s wholesale inflation rose to a 38-month high of 3.88% in March, up from 2.13% in February, driven by higher prices of crude petroleum, fuel, and manufactured goods, according to the Ministry of Commerce and Industry.
The increase was led by a rise in prices of crude petroleum and natural gas, non-food articles, basic metals, manufactured products, and food articles. The index for this major group rose 4.13% in March 2026, compared with 1.17% (provisional) in February 2026. Prices of manufactured goods increased 0.88% in March from 0.75% in February, with 16 of 22 manufacturing groups recording gains while 6 reported declines. Meanwhile, WPI food inflation remained unchanged at 1.85% YoY in March.
Meanwhile, India’s trade deficit narrowed to $20.67 billion in March 2026, down from $27.1 billion in February and $21.69 billion in the same month last year, marking the smallest gap since June 2025. The improvement was driven by a rise in exports to $38.92 billion in March 2026 from $36.61 billion in February 2026, along with a decline in imports to $59.59 billion from $63.71 billion. However, the outlook remains uncertain amid escalating geopolitical tensions in West Asia.
IMF lifts India growth outlook to 6.5%:
The International Monetary Fund (IMF) has marginally raised India’s GDP growth forecast for 2026 to 6.5%, citing strong domestic demand and carryover momentum, while retaining the same growth estimate for 2027.
However, the IMF cautioned that escalating geopolitical tensions, particularly in the Middle East, could weigh on global growth and push inflation higher in the near term.
Globally, growth is projected at 3.1% in 2026 and 3.2% in 2027, with China expected to grow at 4.4% and the US at 2.3%, underscoring India’s relatively stronger growth outlook.
Stocks in Spotlight:
Wipro shed 0.28%. The IT major announced its Q4FY26 results today. Its net income for the quarter was at Rs 3500 crore, an increase of 12.3% QoQ and decrease of 1.9% YoY. Gross revenue at Rs 24240 crore, an increase of 2.9% QoQ and 7.7% YoY. IT services segment revenue was at $2,651.0 million, increase of 0.6% QoQ and 2.1% YoY.
Wipro expects revenue from IT Services business segment to be in the range of $2,597 million to $2,651 million. This translates to sequential guidance of (-)2.0% to 0% in constant currency terms.
Meanwhile, the company's board approved share buyback of up to 60 crore shares (5.7% equity) at Rs 250 per share via tender offer, aggregating up to Rs 15,000 crore, subject to shareholder approval through postal ballot.
Bajaj Consumer Care climbed 8.81%. The company’s consolidated net profit rose 105.29% year-on-year (YoY) to Rs 63.60 crore in Q4 FY26, compared with Rs 30.98 crore in the corresponding quarter last year. Total revenue from operations increased 30.40% YoY to Rs 326.66 crore.
HDFC Asset Management Company (AMC) rallied 6.77%. The company reported a 2.42% decline in standalone net profit to Rs 623.29 crore despite a 16.56% jump in revenue from operations to Rs 1,050.48 crore in Q4 FY26 over Q4 FY25.
Mahindra & Mahindra declined 1.83%. The company announced that its sales stood at 100,194 units in March 2026, registering the growth of 22.37%, compared with 81,880 units sold in March 2025.
ICICI Prudential Asset Management Company (AMC) dropped 1.69%. The company reported a 16.76% drop in consolidated net profit to Rs 763.42 crore on a 0.15% decline in revenue from operations to Rs 1517.01 crore in Q4 FY26 over Q3 FY26.
Jyoti CNC Automation slumped 13.52%. The company disclosed an investigation into its wholly owned subsidiary, Huron Graffenstaden SAS, by French authorities. The probe relates to alleged violations of export control rules involving dual-use machinery. Authorities have taken interim actions, including restricting the subsidiary’s director general from discharging duties. They have also seized certain bank accounts worth around EUR 4 million and two residential properties owned by Jyoti SAS. The subsidiary has denied the allegations and is seeking legal advice. It said it will contest the matter.
Anand Rathi Share and Stock Brokers jumped 2.23% after the company’s consolidated net profit surged 125.74% to Rs 41.56 crore on a 28.06% increase in total revenue from operations to Rs 255.66 crore in Q4 FY26 over Q4 FY25.
Crisil rallied 5.73%. The company’s consolidated net profit jumped 45.93% to Rs 233.26 crore on 30.06% increase in revenue from operations to Rs 1,057.66 crore in Q1 March 2026 over Q1 March 2025.
Angel One surged 15.15%. The company reported a robust performance for the quarter ended March 2026. The company’s consolidated net profit (PAT) jumped 83.49% year-on-year (YoY) to Rs 320.24 crore in Q4 FY26, driven by a 38.20% increase in total revenue from operations to Rs 1,459.42 crore.
Global Market:
China’s finance ministry is expected to issue 15.5 billion yuan-denominated treasury bonds in Hong Kong on 22 April.
China’s economy accelerated in the first quarter, supported by strong export growth that helped offset weak domestic demand, even as the outlook remains clouded by energy price risks linked to geopolitical tensions. Gross domestic product grew 5% in the January-March period, up from 4.5% in the previous quarter, according to official data.
Inflation in the Euro Area was revised higher to 2.6% in March 2026 from an earlier estimate of 2.5% and 1.9% in February, largely driven by a sharp increase in energy prices. Core inflation eased to 2.3%, with price pressures moderating across services, goods, and food. On a monthly basis, consumer prices rose 1.3%, marking the fastest increase since October 2022, with broad-based inflation seen across major economies including Germany, France, Italy, and Spain.
Eurozone industrial production rose 0.4% month-on-month in February 2026, recovering after two consecutive months of decline and coming in above estimates of 0.3%. The growth was driven by non-durable consumer goods, capital goods, and intermediate goods, although energy output and durable goods declined. On a year-on-year basis, industrial production fell 0.6%.
In the UK, the economy expanded in February, according to data released by the Office for National Statistics. The growth followed a 0.1% expansion in January and was supported by broad-based gains. Services activity rose 0.5% month-on-month, industrial production increased 0.5%, and construction output climbed 1.0% despite adverse weather conditions.
In US, on the macro front, inflation data showed price pressures remain elevated. The March CPI rose 0.9% month-on-month and 3.3% year-on-year, marking the highest annual increase since May 2024.
US producer price index rose 0.5% month-on-month, significantly below expectations of a 1.1% increase, according to the Bureau of Labor Statistics, easing concerns of a sharp inflation spike driven by higher energy prices.
Meanwhile, the US Federal Reserve’s Beige Book indicated that the economy grew at a slight to modest pace over the past six weeks. It highlighted the Iran conflict as a major source of uncertainty for businesses, even as price growth remained moderate despite rising energy costs. Consumers continued to face pressure from higher prices, with more households seeking financial assistance.
The IT major has reported 12% increase in consolidated net profit to Rs 3,521.6 crore on a 2.9% rise in revenue from operations to Rs 24,236.3 crore in Q4 FY26 as compared with Q3 FY26.
On a year-on-year (YoY) basis, the company’s consolidated net profit declined 1.9% while revenue from operations increased 7.70% in March 2026 quarter.
Profit before tax (PBT) stood at Rs 4,667.6 crore in Q4 FY26, up 12.9% QoQ but down 1.6% YoY.
In dollar terms, Wipro's gross revenue for Q4 FY26 stood at $2,583 million, registering a decline of 1.5% QoQ and 1.9% YoY. In constant currency terms, the company’s revenue is higher by 0.2% on a sequential basis.
IT services segment revenue was at $2,651.0 million in Q4 FY26, which is growth of 0.6% QoQ and 2.1% YoY.
IT services operating margin for Q4 FY26 was 17.3% as against 17.6% in Q3 FY26 and 17.5% in Q4 FY25.
Total bookings stood at $3,455 million in Q4 FY26, up 3.6% QoQ but down 12.6% YoY. Large deal bookings for Q4 FY26 were $1,440 million as compared to $871 million in Q3 FY26 and $1,763 million in Q4 FY25.
The company said that its closing employee count was 242,156 at the end of Q4 FY26. Voluntary attrition was at 13.8% on a trailing 12-month basis.
For FY26, Wipro has recorded net profit and revenue of Rs 13,265.5 crore (up 0.4% YoY) and Rs 92, 624 crore (up 4% YoY), respectively.
Looking ahead, the company said that it expects revenue from IT Services business segment to be in the range of $2,597 million to $2,651 million. This translates to sequential guidance of (-)2.0% to 0% in constant currency terms.
Wipro’s board has approved a buyback proposal for purchase of up to 60 crore equity shares, which 5.7% of total paid-up equity share capital of the company, from the shareholders of the company.
The shares would be bought back on a proportionate basis by way of a tender offer at a price of Rs 250 per equity share for an aggregate amount not exceeding Rs 15,000 crore.
As per media reports, Wipro's March quarter earnings drew a sharp reaction from a global research house, which called the performance weak and guidance lacklustre, even as the company's US-listed ADRs fell nearly 3% post results.
The brokerage said Wipro's fourth-quarter numbers missed expectations on multiple fronts: revenue growth came in at just 0.2% quarter-on-quarter in constant currency terms, near the lower end of guidance.
The key concern was the company's outlook for the June quarter. Wipro guided for revenue growth in the range of 0% to -2% quarter-on-quarter in constant currency, which the brokerage reportedly termed weaker than expected. Notably, the guidance already factors in contributions from recent deals and acquisitions, implying that the underlying organic business could decline further, raising concerns about near-term growth visibility.
The research house has also reportedly flagged a slowdown in deal momentum. Total bookings declined 11% YoY in constant currency, with large deal bookings falling 20% and non-large deals down 15%, indicating continued pressure on discretionary IT spending.
The brokerage has reportedly maintained an 'underperform' rating on the stock, with a price target of Rs 180, implying a potential downside of 14.4% from the scrip previous closing price of Rs 210.20.
Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs.
For the full year,net profit rose 0.47% to Rs 13197.40 crore in the year ended March 2026 as against Rs 13135.40 crore during the previous year ended March 2025. Sales rose 3.97% to Rs 92624.00 crore in the year ended March 2026 as against Rs 89088.40 crore during the previous year ended March 2025.
The buyback price represents a premium of 19.2% as compared with the scrip’s closing price of Rs 209.80 recorded on Thursday (16 April 2026).
Srini Pallia, CEO and managing director, said: “Advancements in AI are reshaping client priorities and creating new opportunities for us to partner more deeply to deliver value-driven outcomes.
To strengthen our position in an AI-first world, we are pivoting to a services-as-a-software model through the AI Native Business & Platforms unit. Our strategic deal with the Olam Group further reflects the decisive investments we are making to capture opportunities at scale.”
The scrip had gained 0.19% to end at Rs 210.20 on the BSE today.
The business acquisition will enable Wipro's access to certain key clientele, their customer contracts as well as the related workforce, which will augment Wipro's existing AIpowered, and Consulting-led application services capabilities, thus helping drive new growth opportunities.
The transaction is expected to be completed by 30 June 2026.
Wipro is acquiring certain customer contracts from the Alpha Net Group, which was founded in 2001 and is headquartered in Santa Clara, California, USA with additional presence in Singapore, India, UK, and Netherlands. The Alpha Net Group provides enterprise software development, data engineering, and managed services for global clientele in an AI-first world.
Following the results announcement, the company will host a conference call during which the senior management will discuss the quarterly performance and address queries from analysts.
The company reported a 3.92% decline in consolidated net profit to Rs 3,119 crore despite a 3.78% jump in revenue from operations to Rs 23,555.8 crore in Q3 FY26 over Q2 FY26.
The scrip shed 0.86% to Rs 201.15 on the BSE.
The counter shed 0.20% to end at Rs 202.90 on the BSE.
The agreement forms part of Wipro's engagement with Olam Group, a leading USD 50+ Billion Food and Agri-business headquartered in Singapore. Mindsprint is Olam Group's IT services arm. Headquartered in Singapore and founded in 2007, Mindsprint provides technology and digital transformation services across enterprise applications, data & analytics, digital platform engineering, customer experience, cloud & infrastructure, cybersecurity, and business process services. Mindsprint has a global workforce of 3,200+ employees across India, Singapore, US, UK and Middle East.
Mindsprint has strong Food and Agri-business domain experience, supply chain transformation capabilities, and proprietary IP-driven solutions.