Nomura Holdings, Inc.

Crude Oil Prices Fall, Boosting Indian Markets and Currency

NFTY

INDA

1678

AI themes reshape Asia's capital landscape, marginalizing India. According to BofA Securities' latest survey, India has become the most underweight market among Asian fund managers; Goldman Sachs simultaneously initiated a relative value trade favoring long Korea and short India. The Nifty 50 posted less than 9% gains this month, significantly lagging behind the over 15% surge in Korean and Japanese markets

- The attractiveness of the Indian stock market to Asian investors is declining as funds shift towards North Asian markets, particularly Korea and Japan, capitalizing on the AI theme resurgence.  
- A recent BofA Securities survey indicates that Indian stocks have the lowest overweight ratio among Asian fund managers, with Goldman Sachs suggesting a strategy of going long on Korea while shorting India, the Philippines, and Thailand.  
- India's lack of AI-focused companies and its reliance on oil imports, which makes it vulnerable to price fluctuations due to geopolitical conflicts, contribute to its status as the most underweight market in Asia, despite a recent Nifty 50 rebound.

Wallstreetcn

Xtrackers Nifty 500 India ETF

ISHRS MSCI S Korea Capped

First Trust India Nifty 50 Equal Weight

ISHRS MSCI India

Bank of America

Goldman Sachs

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

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Capital Flows Shift to East Asian 'Tech', Indian Stocks Face Further Pressure

JETS

SpiceJet shares hit the upper circuit again, extending a 42.4% rally over the last nine sessions, closing at Rs 14.14. Despite ongoing financial concerns and a UK court ruling requiring the airline to pay $8 million to a lessor, the stock has shown strong momentum, hitting the upper circuit in five of the last six sessions. However, SpiceJet remains down about 70.7% over the past year, significantly underperforming the Nifty 50, which rose 3.8% in the same period. The long-term outlook remains weak due to financial strains and competitive pressures.

Money Control

Us Global Jets

SpiceJet hits upper circuit again; stock extends rally to 42% in 9 sessions

India and New Zealand will sign a free trade agreement (FTA) on April 27, aiming for $20 billion in investments over the next 15 years. The FTA will provide tariff-free access for Indian exports and reduce tariffs on 95% of New Zealand's exports to India. However, India will not concede duties on certain agricultural imports to protect local farmers. The agreement also includes a visa pathway for 5,000 Indian professionals annually. Bilateral trade is projected to double to $5 billion in five years, with current trade at $2.4 billion.

- India and New Zealand are set to sign a free trade agreement (FTA) on April 27, aiming to enhance economic ties and attract $ 20 billion in investment over 15 years.  
- The agreement will provide zero-duty access for India on all exports and eliminate or reduce tariffs on 95% of New Zealand's exports, while excluding certain agricultural products from India to protect local farmers.  
- The FTA will also offer a temporary visa pathway for 5,000 Indian professionals in skilled occupations, further promoting bilateral trade, which currently stands at approximately $ 2.4 billion.

Business Standard

Nippon Life Insurance Co.

India, New Zealand to sign FTA on April 27, aim for $20 bn investments

Indian shares opened higher on Thursday, buoyed by hopes of a U.S.-Iran peace deal that lowered oil prices. The Nifty 50 rose 0.60% to 24,375.55, while the Sensex increased by 0.64% to 78,613.37. All major sectors advanced, with small-caps and mid-caps up 1.1%. Asian markets also saw gains, rising 1.2%. Brent crude fell below $95 as reports emerged of Iran potentially allowing ships to pass through the Strait of Hormuz, easing supply disruption concerns. U.S. President Trump indicated further easing of Middle East tensions with upcoming talks between Israel and Lebanon.

Yahoo Finance

Indian shares open higher on US-Iran peace deal hopes, lower oil

The Nifty index rebounded strongly, closing at 24,231.30, up 1.63%, supported by positive global cues and a cooling in crude oil prices. All major sectors, especially IT, realty, and energy, performed well, with midcap and smallcap stocks gaining over 2%. Analysts expect the Nifty to target 24,350–24,600, with support at 23,900–23,600. Stock recommendations include buying Glenmark Pharma, SBI, and Tata Power, each showing strong technical indicators and potential for further gains.

Nifty eyes 24,600; SBI, Glenmark Pharma, Tata Power on analyst radar

India's foreign exchange restrictions have increased hedging costs for overseas investors, making Indian bonds less attractive. The Reserve Bank of India's measures to stabilize the rupee have further complicated the situation, leading to significant foreign outflows from both bonds and equities. Since the onset of the Iran conflict, foreign investors have sold approximately $2.26 billion in government debt and $38 billion in equities. Analysts predict continued pressure on earnings forecasts due to rising oil prices, with potential downgrades expected in the coming quarters.

Invezz

State Street

Nomura

State Street® US Equity Premium Inc ETF

Foreign investors pull back as FX curbs hit Indian bonds, equities

02836

Domestic equity markets surged on Wednesday, with the Sensex rising 1,264 points (1.6%) to 78,111 and the Nifty 50 gaining 389 points (1.6%) to 24,231, marking their highest close in over a month. The total market capitalization of BSE-listed companies increased by ₹9.4 trillion to ₹458.5 trillion ($4.91 trillion). Softer crude oil prices and optimism around US-Iran peace talks boosted investor sentiment. The markets have rallied 8.5% this month, with mid and small-cap indices recovering all losses from the US-Iran conflict. Positive triggers and attractive valuations suggest the rally could sustain in the near term.

ISHARES INDIA

Markets rally on hopes of US-Iran deal; Sensex, Nifty hit one-month highs

India's unemployment rate rose to 5.1% in March 2026 from 4.9% in February, primarily due to increased joblessness in urban areas, according to the Periodic Labour Force Survey (PLFS) by the National Statistics Office. The urban unemployment rate increased from 6.6% to 6.8%. The overall Labour Force Participation Rate (LFPR) decreased slightly to 55.4%, with rural LFPR at 58% and female LFPR at 34.4%. The Worker Population Ratio (WPR) remained stable at 52.6% overall, with rural WPR at 55.5% and urban WPR at 46.8%.

- The unemployment rate for individuals aged 15 and older rose to 5.1% in March 2026 from 4.9% in February 2026, primarily due to increased joblessness in urban areas.  
- The labor force participation rate slightly decreased to 55.4% in March 2026, with rural areas reporting a rate of 58% and urban areas remaining stable.  
- The Worker Population Ratio was estimated at 52.6%, with rural WPR at 55.5% and urban WPR at 46.8% in March 2026.

India's unemployment rate rises to 5.1% in March, led by urban centres

Indian shares opened higher on Wednesday, with the Nifty 50 rising 1.35% to 24,163.80 and the Sensex increasing 1.48% to 77,981.10. This positive movement follows a drop in oil prices below $100 a barrel and rising hopes for the resumption of U.S.-Iran peace talks. All major sectors advanced, and broader small-caps and mid-caps gained 1.8% each. Other Asian markets also saw gains, influenced by U.S. President Trump's announcement of potential negotiations in Pakistan.

Indian shares open higher on hopes for resumption of US-Iran talks

Indian equity benchmarks, BSE Sensex and Nifty 50, are expected to open higher on April 15, following positive signals from GIFT Nifty at 24,227.50. Despite a decline on April 13, global markets showed optimism with Asian stocks rising, and US indices like the Nasdaq and S&P 500 also gaining. The US dollar remained stable, while oil prices fell amid potential peace talks between the US and Iran. On April 13, FIIs sold equities worth Rs 1,983 crore, while DIIs bought over Rs 2,400 crore. Investors are advised to consult experts before making decisions.

First Tick: Top global cues to watch in today’s trade

A government panel in India has recommended financial incentives for companies to transition to green gas insulated switchgear (GIS), which uses low-carbon gases instead of traditional sulphur hexafluoride (SF6). The report highlights the environmental benefits of green GIS technologies, although their maturity varies. Due to high initial costs, the report suggests incentives for organizations and manufacturers to develop these technologies domestically, reducing reliance on imports. The committee's guidelines apply to new procurements and major upgrades of extra high voltage switchgear.

Govt panel seeks incentives to push eco-friendly switchgear in power sector

IMVP

The Indian stock market, including the BSE and NSE, is closed today, April 14, 2026, in observance of Dr. Baba Saheb Ambedkar Jayanti. Trading will resume on April 15, 2026. The next holiday is on May 1, 2026, for Maharashtra Day. The Multi Commodity Exchange (MCX) will be closed in the morning but open in the evening, while the National Commodity & Derivatives Exchange (NCDEX) will remain closed all day. Recent market activity saw the Nifty50 and Sensex decline, with notable gains in defense shares.

Invesco India ETF

Stock market holiday: BSE, NSE closed on April 14 for Ambedkar Jayanti

India's Consumer Price Index rose 3.40% year-on-year in March, up from 3.21% the previous month. The pass-through effect of energy prices is gradually becoming apparent; bond markets reacted flatly with benchmark 10-year government bond yields rising to 6.95%. High oil prices have begun transmitting to certain sectors, and inflation for the current fiscal year is projected at 4.6%. With high dependence on Middle Eastern energy, India faces external risks. Food prices increased 3.87% year-on-year, sparking concerns over forecasts of below-normal monsoon rainfall. The central bank maintained interest rates unchanged, leaving room for future policy adjustments

- India's inflation data for March shows a mild increase, with the Consumer Price Index rising 3.40% year-on-year, influenced by rising energy costs due to Middle Eastern conflicts.  
- The country, heavily reliant on Middle Eastern energy, faces escalating risks as oil prices breach $100 per barrel following supply disruptions and geopolitical tensions.  
- While the Reserve Bank of India maintains current interest rates, analysts believe that the inflation rise does not yet warrant immediate policy tightening, contingent on the future developments of the conflict.

Impacted by US-Iran Situation, India's March CPI Rises 3.40% YoY; Energy Cost Pressures Emerge

India is facing significant economic challenges due to rising prices and a gas shortage, impacting various sectors. Inflationary pressures are affecting the economy, while glass makers in Firozabad are struggling with the gas shortage. These issues create a complex economic environment that requires careful management and strategic solutions.

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Nomura Holdings, Inc. Stock Performance Chart

Capital Flows Shift to East Asian 'Tech', Indian Stocks Face Further Pressure

SpiceJet hits upper circuit again; stock extends rally to 42% in 9 sessions

India, New Zealand to sign FTA on April 27, aim for $20 bn investments

Indian shares open higher on US-Iran peace deal hopes, lower oil

Nifty eyes 24,600; SBI, Glenmark Pharma, Tata Power on analyst radar