banking industry

Goldman Sachs maintained a buy rating on Reliance Industries, citing potential margin recovery and strong retail growth despite a Q4FY26 EBITDA miss. Nomura also holds a buy on Axis Bank, highlighting attractive valuations and strong loan growth. HSBC recommends buying Shriram Finance, anticipating RoA expansion despite revised AUM growth forecasts.

A Bank of America analyst suggests Grand Theft Auto 6 should retail for $80, arguing it would benefit the entire gaming industry and align with AI's growing role. Take-Two's CEO, while not confirming a price, emphasized delivering immense value to consumers, noting that game prices have remained stagnant for years despite rising development costs.

Stresses Need For Boosting Surveillance, Communications Resources

Dalal Street concluded the holiday-shortened week with gains, as the combined market valuation of India's top 10 firms surged by Rs 2.20 lakh crore, led by Reliance Industries. Despite a volatile trading environment and mixed global cues, investor sentiment remained resilient, with the BSE Sensex rising 0.32%.

Anthropic CEO Dario Amodei issued a stark warning to U.S. institutions, revealing their AI model Mythos uncovered tens of thousands of software vulnerabilities. He emphasized a critical, narrow window to patch these flaws before China's AI catches up, potentially leading to widespread breaches and financial damage.

In Emilia-Romagna, Italy, hundreds of thousands of wheels of Parmigiano Reggiano cheese are stored in climate-controlled warehouses, serving as valuable collateral for loans. This unique financial system allows producers to overcome cash flow challenges caused by the cheese's lengthy aging process, ensuring the industry's continued operation and growth.

The United States has stepped up efforts to restrict Iranian oil exports, a major source of revenue for Tehran. Late last month, the Treasury Department’s Office of Foreign Assets Control imposed sanctions on Hengli, targeting one of the most prominent and well-connected companies in China’s large crude-processing sector.

Stock market recommendations: While Lupin, and KEI Industries are recommended as buy calls by Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, Bharat Forge, and Punjab National Bank are seen as sell calls for May 5, 2026:

Bank of America's research suggests AI won't cause a 'job Armageddon,' citing historical economic adaptation. While 840 million global jobs are exposed to generative AI, BofA distinguishes between AI as a partner and AI as a replacement, with only a small percentage fully automated. The emergence of 'agentic AI' is noted as a more disruptive force.

Analysts are bullish on Adani Ports, Indus Tower, and Voda Idea, citing strong performance and growth prospects. Kotak Bank shows solid operating metrics, though RoE lags peers. Bharti Airtel's outlook remains positive despite potential tariff hike delays, with industry repair seen as intact.