macquarie

Morgan Stanley maintained an equal-weight rating on Dr Reddy’s Labs, citing missed Q4FY26 estimates and a slight delay in Semaglutide ramp-up. Kotak Institutional Equities recommended buying Dixon Technologies, driven by strong consumer electronics performance. Citigroup reiterated its buy on Max Financial, highlighting margin improvements and sustained growth. macquarie rated Berger Paints underperform, despite a constructive outlook.

JP Morgan downgraded Tata Steel to neutral citing regulatory cost headwinds in the Netherlands and project delays. Investec maintained a buy on SAIL, impressed by strong Q4FY26 operational performance and positive volume growth outlook. macquarie retained an underperform rating on Voda Idea, noting a subscriber decline and significant government dues.

Escalating Middle East conflict has choked the world's busiest oil passage, pushing crude prices past $100 per barrel with warnings of a surge to $167 or higher. A prolonged closure of the Strait of Hormuz threatens a severe energy and trade shock, potentially reducing global trade growth significantly and deepening economic uncertainty worldwide.

Archaeologists have uncovered 260 ancient circular burial sites in Sudan's Atbai Desert, dating back to 4000-3000 BCE. These "enclosure burials" contain human and animal remains, suggesting a nomadic culture with emerging social hierarchy and high regard for cattle. The discovery offers a new perspective on Saharan prehistory and its connection to early Egyptian kingdoms.

The Reserve Bank of India has finalised new rules requiring banks to provision for expected loan losses from April 2027, shifting to a forward-looking approach. While stricter than current practices, the norms are less stringent than initially proposed, with a wider scope including small finance banks. Banks will have until March 2030 to fully implement the changes for existing loans.

Brokerages offer mixed views on Indian stocks. Motilal Oswal is bullish on Dixon Technologies, citing government approvals. macquarie is cautious on United Spirits, noting growth lags. Citigroup recommends HDFC Life despite Q4 challenges. Morgan Stanley maintains an overweight on HDFC AMC, expecting steady AUM growth. Nomura reiterates a buy on Wipro, highlighting deal wins and a significant buyback.

India's state-run oil companies are incurring significant losses, estimated at Rs 18 per litre on petrol and Rs 35 on diesel, due to unchanged retail prices amidst volatile global crude oil prices. Despite a government excise duty cut, these firms continue to face mounting financial strain, with potential price hikes anticipated post-state elections.

Analysts are bullish on Adani Enterprises, HAL, and Trent, citing growth drivers like new energy and engine co-production. Aurobindo Pharma's biologics expansion shows promise but financial gains are distant. Aditya Birla Capital's housing finance arm impresses with strong loan growth and improved asset quality, despite minor revenue misses.

Adani Group stocks surged up to 13% after Gautam Adani sought dismissal of a US SEC civil case, citing no credible evidence of bribery. Lawyers argued the alleged actions were extraterritorial and took place in India. This, along with a positive outlook for Adani Green Energy, boosted investor sentiment.

SpaceX, the world's most valuable private company, has reportedly filed confidentially for an initial public offering. This move brings Elon Musk's rocket and AI firm closer to a potential listing. The company is expected to seek a valuation exceeding $1.75 trillion. This could be the largest IPO in history, with a June listing anticipated.

Stock market crash today: Nifty50 and BSE Sensex continued their slide on Monday, dropping sharply on negative global cues. While Nifty50 went below 22,350, BSE Sensex closed below 72,000.

Oil prices tumbled over 5% as a US proposal for a 15-point plan to Iran, aiming for a ceasefire and ending conflict, sparked hopes of easing supply disruptions. While Washington suggests negotiations are underway, Tehran denies direct talks. Despite diplomatic signals, regional military actions persist, keeping supply concerns over the Strait of Hormuz alive.

Brokerage firms are updating their views on Indian stocks. Morgan Stanley has an equal weight rating on ITC. HSBC upgraded Max Healthcare to buy. UBS initiated a neutral rating on Coforge. macquarie has an outperform rating on L&T. Goldman Sachs maintained a buy rating on InterGlobe Aviation. These updates reflect analyst expectations for future growth and potential challenges.

In an attempt to boost India's infrastructure, the State Bank of India and Australian financial powerhouse macquarie Group have floated a $1 billion venture fund dedicated to this sector.

In a sharply critical report of the country’s largest housing finance company, the equities research arm of Australian bank macquarie has downgraded HDFC to underperform and has accused the mortgage lender of practicing “aggressive accounting policies”.