IndusInd Bank faces a Rs 30.15 crore penalty for GST-related issues and is considering an appeal. Recently, the bank reported accounting discrepancies and has appointed Grant Thornton for a forensic review. IndusInd Bank s Q3 earnings declined significantly, with a 39% drop in net profit. The shares fell 2.42%, reflecting ongoing financial turmoil.

RVNL has emerged as the lowest bidder for a Rs 115.79 crore contract from Central Railway’s Nagpur division for OHE modification work. The project aims to upgrade the existing electric traction system and will be executed over 24 months. Additionally, RVNL previously secured a contract worth Rs 156.36 crore from South Western Railway.

Garden Reach Shipbuilders & Engineers (GRSE) signed a contract with Carsten Rehder of Germany for the construction and delivery of the 7th and 8th Multi-purpose vessels (MPVs), worth approximately 108 million USD. Each vessel, designed to transport cargo including large windmill blades, will have a capacity of 7,500 metric tonnes.

Ajay Bagga, Market Expert, predicts a shift in global equity flows from the US to Europe, Japan, China, and India. He highlights improved earnings and recovery in India with government spending picking up. He suggests focusing on financials and industrials while cautioning about the impact of US policies on IT and recommends large private sector banks.

SBI Life Insurance shares: The company stated that the demand resulted from an incorrect increase in policyholder and shareholder income, caused by the inclusion of allowable expenses and exemptions.

ICICI Securities recommends adding Kalyan Jewellers with a target price of Rs 520. The company s revenue increased by 39.57% year-on-year in Q3 FY24, achieving a net profit of Rs 218.68 crore. Potential risks involve showroom expansion delays and higher competition in South India. Promoters currently hold 62.85% of the shares.

The S&P 500 hit a two-week high boosted by gains in Nvidia and Tesla as hopes grew for a more measured U.S. tariff approach. Technology shares rallied, with Tesla soaring nearly 12% and Nvidia up over 3%. Investors remained cautious about the impact of tariffs on economic growth. Trading volumes were light, with significant gains in consumer discretionary sectors.

Gold prices slightly decreased as President Trump indicated flexibility on tariffs and a Federal Reserve official projected cautious interest rate cuts this year. Meanwhile, funds investing in gold miners saw significant inflows. Investors await the Fed s preferred inflation measure, the PCE index, due on Friday. Silver, platinum, and palladium also experienced minor declines.

The dollar climbed to a three-week high on the yen and was strong across various currencies, driven by positive U.S. services data and hopes for tariff reductions. President Trump suggested not all tariffs would be introduced on April 2, bringing cautious optimism about U.S. growth and market conditions.