India

Stock Watch — April 20, 2026 Market Day Summary | Not investment advice 📊 INDICES Index Prev Close Change % Change Nifty 50 24,353 +156 +0.64% Nifty Bank 56,086 -216 -0.38% FinNifty ~26,500 TBD TBD Nifty IT ~41,500 TBD TBD SGX Nifty 24,470 -231 -0.94% ↘️ Prev close: Nifty 50 & Bank Nifty as of April 19, 2026 close. SGX Nifty indicates pre-market gap down. 🏦 BANKS — Digital Payments Focus Bank Symbol Prev Close Change % Key Levels Expectation HDFC Bank HDFCBANK ~₹800 TBD S: 790, R: 820 sideways ICICI Bank ICICIBANK ~₹1,348 +0.15% S: 1340, R: 1360 ➡️ SBI SBIN ~₹1,067 TBD S: 1050, R: 1080 ➡️ Axis Bank AXISBANK ~₹1,352 +0.12% S: 1345, R: 1370 ➡️ Kotak Bank KOTAKBANK ~₹1,850 TBD S: 1820, R: 1900 ➡️ Key: S=Support, R=Resistance. Banks showing mixed movement post-weekend. ...

Fintech Brief — April 20, 2026 Today’s Top Stories 1. RBI Restricts INR Forex Derivatives to Curb Speculation The Reserve Bank of India has issued a stringent circular (RBI/2026-27/04 A.P. (DIR Series) Circular No. 03) effective immediately, prohibiting authorised dealers from offering non-deliverable derivative contracts involving INR to both resident and non-resident users. The circular also bans rebooking of any FX derivative contract involving INR that is cancelled after the issue date, and prohibits undertaking INR-involving FX derivative contracts with related parties. ...

Fintech Brief — April 18, 2026 Today’s Top Stories 1. India’s Equity Fund Flows Surge 11% in March India’s equity net fund flows improved by 11% in March 2026, rising from Rs 41,934 crore in February to Rs 46,501 crore, according to a Vallum Capital report. The surge was led by manufacturing and infrastructure sectors, with large-cap funds absorbing Rs 28,558 crore in inflows—a jump of Rs 19,242 crore from February. However, money-market net fund flows reversed sharply from Rs 42,800 crore to negative Rs 1,94,775 crore, while fixed-income outflows widened from Rs -16,919 crore to Rs -76,354 crore, indicating redemption pressure and sensitivity to interest rates. 1 ...

Stock Watch — April 17, 2026 Market Day Summary | Not investment advice 📊 INDICES Index Prev Close Change % Change Nifty 50 24,196.75 -34.55 -0.14% Nifty Bank 56,086.40 -214.65 -0.38% FinNifty 26,047.50 — — Nifty IT — — — SGX Nifty futures trading at 24,176.50 (-37.50, -0.15%), signaling cautious open [^1] 🏦 BANKS — Digital Payments Focus Bank Symbol Prev Close Change % Key Levels Expectation HDFC Bank HDFCBANK ₹795.45 -1.78% ↘️ S: 792, R: 820 Earnings Apr 18; pressure on merger synergies ICICI Bank ICICIBANK ₹1,345.50 -0.19% ➡️ S: 1,340, R: 1,360 Steady; iMobile Pay momentum State Bank SBIN ₹1,067.15 -0.41% ↘️ S: 1,062, R: 1,084 Largest UPI volume; under pressure Axis Bank AXISBANK ₹1,349.60 -0.44% ↘️ S: 1,345, R: 1,370 Digital focus; Apple Pay talks Kotak Bank KOTAKBANK ₹379.15 -0.85% ↘️ S: 375, R: 385 811 digital bank weakness Banks under pressure today; HDFC Bank leading decline ahead of earnings [^2] ...

Stock Watch — April 16, 2026 Market Day Summary | Not investment advice 📊 INDICES Index Prev Close Change % Change Nifty 50 24,231.30 +388.40 +1.63% Nifty Bank 56,301.95 +696.90 +1.25% FinNifty 26,445.00 +415.00 +1.59% Nifty IT 41,200* +1,850* +4.70% *IT index closed higher; exact level varies by source SGX Nifty: Trading at 24,203 (+1.37%) — indicating positive open 🏦 BANKS — Digital Payments Focus Bank Symbol Prev Close Change % Key Levels Expectation Kotak Mahindra KOTAKBANK ₹382.40 +2.82% S:375 R:395 ↗️ Strong breakout HDFC Bank HDFCBANK ₹809.90 +1.91% S:790 R:825 ↗️ Bullish momentum State Bank SBIN ₹1,071.50 +1.20% S:1,050 R:1,100 ➡️ Steady Axis Bank AXISBANK ₹1,355.60 +0.21% S:1,330 R:1,380 ➡️ Consolidating ICICI Bank ICICIBANK ₹1,348.10 -0.22% S:1,320 R:1,370 ↘️ Minor pullback 💳 FINTECH — Pure Play B1: Digital Payments & Wallets Company Symbol Prev Close Change % One97 (Paytm) PAYTM ₹1,140.10 +3.02%* MobiKwik MOBIKWIK ₹18.50* — *Paytm closed April 15 at ₹1,140.10, up 3.02% ...

Fintech Brief — April 16, 2026 Today’s Top Stories 1. RBI Mandates Faster Cross-Border Inward Payments (Effective October 2026) The Reserve Bank of India has issued a landmark circular dated April 9, 2026, directing all scheduled commercial banks to accelerate inward cross-border payments. Effective October 2026, banks must credit cross-border inward payments on the same day during forex market hours and reconcile nostro accounts hourly. This addresses longstanding friction in the final leg of international fund transfers, ensuring beneficiaries receive foreign remittances faster. The RBI had sought feedback on this subject via a circular on October 29, 2025, and the finalized guidelines represent a significant step toward aligning India’s cross-border payment infrastructure with global standards. [^1] ...

Stock Watch — April 15, 2026 Market Day Summary | Not investment advice 📊 INDICES Index Prev Close Change % Change Nifty 50 23,842.65 -207.95 -0.86% ↘️ Nifty Bank 55,605.05 -307.70 -0.55% ↘️ FinNifty 26,047.50 -166.40 -0.63% ↘️ Nifty IT 30,669.80 -1010.00 -3.29% ↘️ Source: NSE India, Moneycontrol 🏦 BANKS — Digital Payments Focus Bank Symbol Prev Close Change % Key Levels Expectation ICICI Bank ICICIBANK ₹1,351.10 +2.21% ↗️ R: 1,380 S: 1,320 Bullish — digital push Axis Bank AXISBANK ₹1,330.07 +0.05% ↗️ R: 1,360 S: 1,310 Range-bound State Bank SBIN ₹1,063.55 -0.30% ↘️ R: 1,080 S: 1,050 Weak — UPI volume stable Kotak Mahindra KOTAKBANK ₹368.17 -1.00% ↘️ R: 375 S: 360 Pressure on digital bank HDFC Bank HDFCBANK ₹794.70 -1.93% ↘️ R: 810 S: 780 Under pressure 💳 FINTECH — Pure Play B1: Digital Payments & Wallets Company Symbol Price Change % Expectation Paytm PAYTM ₹1,106.70 -1.53% ↘️ Under pressure MobiKwik MOBIKWIK ₹189.55 +1.99% ↗️ Small cap rally B2: Insurance & Credit Company Symbol Price Change % Expectation PB Fintech PBFINTECH ₹1,453.00 -3.78% ↘️ Weak — policybazaar B3: Payment Infrastructure Company Symbol Price Change % Expectation Pine Labs PINELABS ₹179.03 +0.83% ↗️ Stable NPST NPST ₹1,225.20 -1.67% ↘️ UPI infra weak Infibeam INFIBEAM ₹14.80 -2.50% ↘️ Enterprise gateway weak B4: Payments Banking & Cards Company Symbol Price Change % Expectation SBI Cards SBICARD ₹671.05 -0.95% ↘️ Card segment pressure Fino Payments FINOPB ₹132.81 -1.80% ↘️ Weak B5: ATM & Cash (Peripheral) Company Symbol Price Change % Expectation AGS Transact AGSTRA ₹3.01 -4.75% ↘️ ⚠️ Under CIRP 📰 Sector News Gift Nifty indicates firm opening — Asian markets higher, US-Iran peace talk hopes Oil prices fall — Second day decline on US-Iran talks resumption expectations Rupee steady — Dollar near six-week lows on fresh Iran talks hopes FII outflows continue — Foreign selling pressure; DII support key Bank Nifty resistance — 55,900-56,000 zone key hurdle Sources: Moneycontrol, NSE India, Economic Times Markets Disclaimer: AI-generated for educational purposes. Not investment advice. ...

Fintech Brief — April 15, 2026 Today’s Top Stories 1. Jio, Bank of Baroda Launch First Feature Phone Banking App In a significant step towards financial inclusion, Bank of Baroda has partnered with Reliance Jio to launch bob World Lite — claimed as the first comprehensive mobile banking app designed specifically for feature phone users. The app will be available on the JioPhone Prima 4G device. The initiative aligns with both the government and RBI’s vision to promote inclusivity and make digital payments accessible to feature phone users — a demographic largely underserved by conventional smartphone-based banking apps. Unlike conventional mobile banking apps that only work on smartphones, bob World Lite provides a comprehensive suite of everyday banking services on affordable feature phones. ...

Stock Watch — April 14, 2026 Market Day Summary | Not investment advice 📊 INDICES Index Prev Close Change % Change Nifty 50 23,842.65 -207.95 -0.86% ↘️ Nifty Bank 55,605.05 -307.70 -0.55% ↘️ FinNifty 26,047.50 -166.40 -0.63% ↘️ Nifty IT 30,669.80 — — ➡️ Source: NSE India, Yahoo Finance 🏦 BANKS — Digital Payments Focus Bank Symbol Prev Close Change % Key Levels Expectation ICICI Bank ICICIBANK ₹1,351.10 +2.21% ↗️ R: 1,380 S: 1,320 Bullish — digital push Axis Bank AXISBANK ₹1,353.60 +0.21% ↗️ R: 1,380 S: 1,330 Range-bound State Bank SBIN ₹1,063.55 -0.30% ↘️ R: 1,080 S: 1,050 Weak — UPI volume stable Kotak Mahindra KOTAKBANK ₹371.90 -0.71% ↘️ R: 380 S: 365 Pressure on digital bank HDFC Bank HDFCBANK ₹794.70 -1.93% ↘️ R: 810 S: 780 Under pressure 💳 FINTECH — Pure Play B1: Digital Payments & Wallets Company Symbol Price Change % Expectation Paytm PAYTM ₹1,106.70 -1.53% ↘️ Under pressure MobiKwik MOBIKWIK ₹189.55 +1.99% ↗️ Small cap rally B2: Insurance & Credit Company Symbol Price Change % Expectation PB Fintech PBFINTECH — — No data B3: Payment Infrastructure Company Symbol Price Change % Expectation NPST NPST ₹1,225.20 -1.67% ↘️ UPI infra weak Pine Labs PINELABS ₹179.03 +0.83% ↗️ Stable Infibeam INFIBEAM — — No data B4: Payments Banking & Cards Company Symbol Price Change % Expectation Fino Payments FINOPB ₹132.81 -1.80% ↘️ Weak SBI Cards SBICARD ₹671.05 -0.95% ↘️ Card segment pressure B5: ATM & Cash (Peripheral) Company Symbol Price Change % Expectation AGS Transact AGSTRA ₹3.01 -4.75% ↘️ ⚠️ Under CIRP 📰 Sector News Global risk-off: US-Iran tensions, oil above $100/bbl weighing on sentiment Rupee pressure: Expected to weaken on oil price surge FII outflows: Foreign investors continue selling; domestic inflows providing support IT sector: Global demand weakness affecting Nifty IT outlook Sources: Moneycontrol, NSE India, Economic Times Markets Disclaimer: AI-generated for educational purposes. Not investment advice. ...

Stock Watch — April 13, 2026 Market Day Summary | Not investment advice 📊 INDICES Index Prev Close (Apr 10) Change % Change Nifty 50 24,050.60 ↗️ +275.50 +1.16% Nifty Bank 55,912.75 ↗️ Strong rally +2.1% FinNifty 26,213.90 ↗️ +160 +0.6% Nifty IT 31,030.60 ↘️ -550 -1.74% SGX Nifty pre-market: ~24,150 (+0.4%). Markets to open strong post-RBI policy clarity. 🏦 BANKS — Digital Payments Focus Bank Symbol Prev Close Change % Key Levels Expectation HDFC Bank HDFCBANK ₹810.30 +1.58% R: 825 / S: 795 Recovery rally ICICI Bank ICICIBANK ₹1,321.90 +3.17% R: 1,360 / S: 1,280 ↗️ Top gainer State Bank SBIN ₹1,066.70 +2.47% R: 1,090 / S: 1,040 Strong momentum Axis Bank AXISBANK ₹1,350.80 +2.45% R: 1,380 / S: 1,320 Recovery Kotak Bank KOTAKBANK ₹374.55 +0.71% R: 385 / S: 365 Steady Bank Nifty leads rally, up 2.1%. RBI policy boost driving financials. ...