Devyani International, a QSR operator of KFC and Pizza Hut, plans to acquire Biryani by Kilo, causing its shares to rally. Emkay Global upgraded the stock to buy, citing potential value creation from the acquisition and possible growth in India. Sky Gate Hospitality, operating Biryani By Kilo, has seen substantial revenue growth.

​So, banks are pretty well placed and as the result season plays out, we will see more data points but this quarter result expectations in any case were lower. Overall financial year 25-26 the outlook still remains positive.

Trump’s aggressive reciprocal tariffs triggered market panic, inflation concerns, and fears of stagflation, threatening global growth. India, with domestic-driven demand, may stay resilient. However, modest stock market returns are expected unless earnings rebound. Investors may prefer fairly valued domestic sectors.

Anshul Saigal sees market resilience post-tariffs, urging investors to explore sectors like metals, textiles, CDMO, and infra amid global realignments, while avoiding tech due to weak earnings and high valuations.

Stock Market Today: Indian benchmark indices surged to levels unseen since January 6, fueled by robust earnings from banking giants like ICICI Bank and HDFC Bank. A weakening U.S. dollar and consistent foreign institutional investor inflows further bolstered market sentiment. Banking stocks spearheaded the rally, with the Nifty Bank index hitting a record high.

Kacholia acquired around a 1.2% stake in Concord Control during the fourth quarter, despite the stock falling over 30% this year.

DBS Bank India, under new CEO Rajat Verma, aims for significant growth, leveraging its parent company s investment and focusing on SME and corporate banking. The bank sees opportunities in specialized products like loan syndication and supply-chain financing, capitalizing on India s growing corporate needs.

India s insurance regulator, Irdai, has initiated a common empanelment process, tasking the General Insurance Council with onboarding hospitals. Insurers are engaging with eye and general hospitals, aiming for 4,000-5,000 general hospitals in the next few months. While some hospitals welcome standardized pricing, larger ones express reservations. Insurers are expected to negotiate treatment rates based on the PMJAY framework for cost-effectiveness.

The following day, purchasing manager indexes from Japan to Europe to the US will offer the first coordinated glimpse of manufacturing and services activity since Trump s global tariffs-now partly on hold-were unleashed on April 2. Business surveys from major economies are also on the calendar.

For a sample of 412 companies, excluding banking, financial services and insurance (BFSI), three out of every four companies have earned returns over the past month and nearly half of them trade above their year-ago levels. However, 56% and 53% of them are still available at lower price-earnings (P/E) multiples compared with the three-year and five-year average valuations.