The Indian rupee s movement this week will hinge on continued dollar inflows and central bank actions, while bond yields are projected to decline further. India s retail inflation eased to 3.61% in February, raising expectations of another interest rate cut by the Reserve Bank of India. This trend of lower yields and inflation could positively impact market sentiment.

Divine Hira Jewellers IPO debuts on the NSE SME platform with a subscription response below 10 times and no Grey Market Premium. The company raised Rs 32 crore to address loan repayments, working capital, and general corporate needs. Profit increased by 62.63% in FY24, despite revenue declining by 25.6%.

Godrej Properties has acquired 10 acres of land in Bengaluru with an estimated revenue potential of Rs 2,500 crore. The company plans to develop around 1.5 million square feet of saleable area, including premium residential units and high-street retail. Despite the acquisition, the company s standalone net profit fell over 66% in Q3.

Markets are stabilizing and key sectors, especially banking and financials, are showing resilience, making it a favorable time for gradual accumulation. Dharmesh Shah from ICICI Direct emphasizes the strong risk-reward setup in Bank Nifty, predicting a significant upside in the coming months.

India aims to reach a US$7-8 trillion economy within five years, driven by its bond markets currently valued at US$2.69 trillion. Corporate bonds play a significant role, reflecting a shift towards debt-driven financing. Despite growth, India s bond market still lags behind developed economies.

Adani Energy Solutions Ltd (AESL) secures a Rs 2,800 crore power transmission project in Gujarat, boosting their order book to Rs 57,561 crore. The project, aimed at supporting the production of Green Hydrogen and Green Ammonia, includes significant upgrades to existing infrastructure.

NMDC s strike by trade unions has ended, restoring normal operations as employees resumed work on March 20. This follows a significant production drop since March 6, affecting India s largest iron ore producer. The stock has been recommended as a Hold and has seen a 5% decline in three months but an 82% gain over two years.

Rupen Rajguru, Senior Advisor at Julius Baer, discusses the gradual market recovery and improved sentiment due to a weakening dollar. He notes the positive impact on emerging markets like India, driven by government spending, liquidity measures, and regulatory easing. Rajguru highlights potential growth in NBFCs, OMCs, and power sector segments, especially in Transmission & Distribution.

IndusInd Bank hired Grant Thornton Bharat to conduct a forensic check on its derivatives operations after disclosing a potential ₹1,600 crore marked-to-market loss due to internal trades. The Reserve Bank of India directed the bank to appoint a new auditor, and the investigation will scrutinize the lapses, accountability, and financial implications within the bank.

The board will also consider a proposal on the appointment process for key management personnel at market infrastructure institutions such as stock exchanges and easing rules for foreign portfolio investors (FPIs).