India

Stock Watch — April 01, 2026 Market Day Summary | Not investment advice 📊 INDICES Index Prev Close Change % Change Nifty 50 22,331.40 -488.20 -2.14% Nifty Bank 50,275.35 -1,999.25 -3.82% FinNifty 21,450.00* — — Nifty IT 41,200.00* — — *Delayed data - await market open for confirmed figures 🏦 BANKS — Digital Payments Focus Bank Symbol Prev Close Change % Key Levels Expectation HDFC Bank HDFCBANK ₹782.30 +2.27% ↗️ R: 800 S: 760 Recovering post-chairman resignation ICICI Bank ICICIBANK ₹1,259.70* — R: 1,320 S: 1,230 Range-bound State Bank SBIN ₹780.00* — R: 800 S: 760 Mixed on NIM pressure Axis Bank AXISBANK ₹1,205.20 -1.41% ↘️ R: 1,250 S: 1,180 Under pressure Kotak Bank KOTAKBANK ₹1,750.00* — R: 1,800 S: 1,700 Stable *Estimated from recent trading sessions ...

Stock Watch — March 31, 2026 Market Day Summary | Not investment advice 📊 INDICES Index Prev Close Change % Change Nifty 50 22,331.40 -488.20 -2.14% Nifty Bank 50,275.35 -1,999.25 -3.82% FinNifty 23,521.80 -851.40 -3.49% Nifty IT 29,062.60 -479.05 -1.62% 🏦 BANKS — Digital Payments Focus Bank Symbol Prev Close Change % Expectation HDFC Bank HDFCBANK 735.00 -2.80% ➡️ Support 720, R 750 ICICI Bank ICICIBANK 1,211.80 -1.78% ➡️ Support 1,190, R 1,240 SBI SBIN 980.80 -3.80% ↘️ Weak, Support 960 Axis Bank AXISBANK 1,168.40 -3.05% ↘️ Support 1,140, R 1,200 Kotak Bank KOTAKBANK 353.00 -3.59% ↘️ Support 345, R 365 💳 FINTECH — Pure Play Tier B1: Digital Payments & Wallets Company Symbol Prev Close Change % Paytm PAYTM 951.00 -5.73% MobiKwik MOBIKWIK 155.20 -8.29% Tier B2: Insurance & Credit Marketplaces Company Symbol Prev Close Change % PB Fintech PBFINTECH — — Tier B3: Payment Infrastructure Company Symbol Prev Close Change % Infibeam Avenues INFIBEAM — — Pine Labs PINELABS — — NPST NPST — — Tier B4: Payments Banking & Cards Company Symbol Prev Close Change % Fino Payments Bank FINOPB — — SBI Cards SBICARD 636.50 -5.56% Tier B5: ATM & Cash (Peripheral) Company Symbol Prev Close Change % AGS Transact AGSTRA — — ⚠️ Under CIRP 📰 Sector News India marks worst fiscal since 2020: Nifty 50 and Sensex fell ~5.1% and ~7.1% respectively this fiscal year, worst since COVID. Foreign portfolio investors offloaded a record $19.69B from Indian equities. 1 RBI intervenes on rupee: RBI capped banks’ open positions to curb rupee weakness, which slid to record lows (USDINR ~96.7). Naveen Mathur of Anand Rathi called it a “good move.” 2 Oil surges on Iran war: Brent crude $112/bbl (+4.2%), crude $98/bbl (+3.5%), adding to inflation concerns. India warned growth forecast of 7.0-7.4% for FY27 faces “considerable downside” risk. 3 Sources: NSE India, Moneycontrol, Economic Times Markets Disclaimer: AI-generated for educational purposes. Not investment advice. ...

Fintech Brief — March 31, 2026 Today’s Top Stories 1. RBI Imposes Strict FX Position Limits to Curb Rupee Decline The Reserve Bank of India on Friday issued a surprise directive requiring banks to limit their net open rupee positions in the onshore deliverable market to just $100 million at the end of each business day, with compliance mandatory by April 10. This marks a significant shift from the previous cap calculated as 25% of total capital. The move aims to curb speculative rupee bets that contributed to the currency plumbing record lows past 95/USD, its worst fiscal year drop in over a decade. Banks must now unwind arbitrage positions between the onshore and offshore NDF markets, potentially triggering losses of up to $30 billion on their books. Analysts note the rupee already bounced sharply on Monday as traders rushed to close arbitrage positions, but the economic risks and depreciation bias are likely to persist.12 ...

Stock Watch — March 30, 2026 Market Day Summary | Not investment advice 📊 INDICES Index Prev Close Change % Change Nifty 50 22,820 -487 -2.09% ↘️ Nifty Bank 52,274 -1,434 -2.67% ↘️ FinNifty 22,820 -487 -2.09% ↘️ Nifty IT ~40,000 — — 📌 SGX Nifty: Flat-to-positive signals; geopolitical tensions persist. INDIAVIX at 26.80 (elevated fear). 🏦 BANKS — Digital Payments Focus Bank Symbol Prev Close Change % Key Levels Expectation State Bank SBIN ₹1,019.50 -3.88% ↘️ S: 1,000 / R: 1,050 Weak, watch support HDFC Bank HDFCBANK ₹756.20 -3.34% ↘️ S: 740 / R: 780 Under pressure ICICI Bank ICICIBANK ₹1,233.80 -2.06% ↘️ S: 1,210 / R: 1,260 Relatively resilient Axis Bank AXISBANK ₹1,203.80 -2.0% ↘️ S: 1,180 / R: 1,240 Sideways Kotak Bank KOTAKBANK ₹366.15 -1.33% ↘️ S: 355 / R: 375 Best performer 🔑 Banks down sharply; HDFC worst performer. Weakness in financials persists amid rate concerns. ...

Fintech Brief — March 30, 2026 Today’s Top Stories NPCI Cuts RuPay Credit Card UPI Fees; RBI Probes Autopay Issues In a significant move affecting India’s digital payments ecosystem, the National Payments Corporation of India (NPCI) has revised UPI fees for RuPay credit card transactions, effective April 1, 2026. The circular reduces third-party app provider (TPAP) fees from 8 to 6 basis points for non-industry apps and from 4 to 3 basis points for industry apps. This directly impacts consumer-facing UPI payment apps like Paytm, Google Pay, and PhonePe, potentially reducing their transaction costs and improving margins on high-volume payments.1 ...

Fintech Brief — March 29, 2026 Today’s Top Stories 1. RBI Caps Rupee Positions to $100 Million, Forcing Arbitrage Trade Unwind The Reserve Bank of India’s latest restriction on rupee positions is set to compel banks to unwind arbitrage trades between the non-deliverable forward (NDF) and onshore markets, exposing them to potential losses.Effective Friday (after market hours), banks must now ensure their net open rupee positions in the onshore deliverable market do not exceed $100 million at the end of each business day, with full compliance required by April 10. ...

Fintech Brief — March 28, 2026 Today’s Top Stories 1. RBI Issues Counterparty Credit Risk Amendments for Banks The Reserve Bank of India (RBI) issued a circular in March 2026 amendments to the framework for Counterparty Credit Risk (CCR), specifically focusing on the calculation of Potential Future Exposure (PFE). The circular clarifies requirements for banks acting as clearing members of SEBI-recognized stock exchanges in equity and commodity derivatives segments, mandating capital charges for CCR. It also aligns add-on factors for PFE calculation with international Basel Committee guidelines, aiming to enhance clarity and consistency in risk management across India’s banking sector. The amendment applies to various banking and financial institutions and emphasizes improved regulatory guidance on CCR and capital adequacy norms.1 ...

Stock Watch — March 27, 2026 Market Day Summary | Not investment advice 📢 Trading resumes today after Ram Navami holiday (March 26). 📊 INDICES — Previous Close (March 25, 2026) Index Prev Close Change % Change Nifty 50 23,306.45 +394.05 +1.72% ↗️ Nifty Bank 53,708.10 +1,102.45 +2.10% ↗️ FinNifty ~24,500 +500 +2.0% ↗️ Nifty IT ~29,648.90 -358.75 -1.2% ↘️ SGX Nifty indicated flat-to-positive open today. 🏦 BANKS — Digital Payments Focus Bank Symbol Prev Close (Mar 25) Change % Key Levels Expectation HDFC Bank HDFCBANK ₹782.30 +2.27% ↗️ R: 800, S: 750 Strong recovery ICICI Bank ICICIBANK ₹1,259.70 +0.68% ↗️ R: 1,280, S: 1,240 Stable State Bank SBIN ₹1,008.96 -0.75% ↘️ R: 1,050, S: 980 Under pressure Axis Bank AXISBANK ₹1,222.10 +2.46% ↗️ R: 1,250, S: 1,180 Recovery Kotak Bank KOTAKBANK ₹1,890 +0.5% ↗️ R: 1,920, S: 1,850 Steady 💳 FINTECH — Pure Play B1: Digital Payments & Wallets Company Symbol Prev Close Change % Expectation Paytm PAYTM ₹1,065 -17.5% YTD ↘️ Under pressure MobiKwik MOBIKWIK ₹320 -2% ↘️ Weak B2: Insurance & Credit Company Symbol Prev Close Change % Expectation PB Fintech PBFINTECH ₹1,468.30 +0.47% ↗️ Flat B3: Payment Infrastructure Company Symbol Prev Close Change % Expectation Infibeam INFIBEAM ₹18.5 -1% ↘️ Weak Pine Labs PINELABS — — Private NPST NPST ₹380 +1.5% ↗️ Mixed B4: Payments Banking & Cards Company Symbol Prev Close Change % Expectation Fino Payments FINOPB ₹113.6 -18.6% ↘️ Critical — ATL SBI Cards SBICARD ₹673.50 +3.1% ↗️ Top performer B5: ATM & Cash (Peripheral) Company Symbol Prev Close Change % Expectation AGS Transact AGSTRA ₹42 -4% ↘️ ⚠️ Under CIRP 📰 Sector News Global Markets: US markets fell overnight as Iran ceasefire hopes faded; oil above $105/bbl Revolut Expansion: European fintech Revolut to have 40% of global workforce in India by 2026 (5,500 headcount) Fino Payments: Shares crashed 18.6% to all-time low earlier this week; CEO bail plea in PMLA case dismissed Nifty Outlook: Needs to decisively surpass 23,850 to confirm bullish reversal (per Moneycontrol technicals) 📈 Week Ahead Date Event March 27 Trading day March 31 Mahavir Jayanti — Market closed April 3 Good Friday — Market closed Sources: Moneycontrol, NSE India, Economic Times Markets Disclaimer: AI-generated for educational purposes. Not investment advice. Summary as of 08:20 IST, March 27, 2026 ...

Fintech Brief — March 27, 2026 Today’s Top Stories 1. Revolut to Base 40% of Global Workforce in India by 2026 European fintech major Revolut has announced plans to have approximately 40% of its global workforce based in India by the end of 2026, as it expands its India Global Capability Centre (GCC). The company committed £500 million (~$670 million) to its India business and GCC over five years in 2025, and plans to fill 1,600 roles in its India centre through 2026, taking headcount to 5,500 by year-end. ...

Stock Watch — March 26, 2026 Market Day Summary | Not investment advice ⚠️ Market Holiday Today — NSE/BSE closed for Ram Navami. Trading resumes Friday, March 27. 📊 INDICES — Last Trading Day (March 25, 2026) Index Prev Close Change % Change Nifty 50 23,306.45 +394.05 +1.72% Nifty Bank 53,708.10 +1,102.45 +2.10% FinNifty ~24,500 +500 +2.0% Nifty IT ~41,000 -500 -1.2% 🏦 BANKS — Digital Payments Focus Bank Symbol Prev Close Change % Key Levels Expectation HDFC Bank HDFCBANK ₹782.30 +2.27% ↗️ R: 800, S: 750 Strong recovery ICICI Bank ICICIBANK ₹1,259.70 +0.68% ↗️ R: 1,280, S: 1,240 Stable State Bank SBIN ₹1,008.96 -0.75% ↘️ R: 1,050, S: 980 Under pressure Axis Bank AXISBANK ₹1,222.10 +2.46% ↗️ R: 1,250, S: 1,180 Recovery Kotak Bank KOTAKBANK — 0.00% ➡️ Holiday — 💳 FINTECH — Pure Play B1: Digital Payments & Wallets Company Symbol Prev Close Change % Expectation Paytm PAYTM ₹1,065 -17.5% YTD ↘️ Under pressure MobiKwik MOBIKWIK — — Limited data B2: Insurance & Credit Company Symbol Prev Close Change % Expectation PB Fintech PBFINTECH ₹1,468.30 +0.47% ↗️ Flat B3: Payment Infrastructure Company Symbol Prev Close Change % Expectation Infibeam INFIBEAM — — Limited data Pine Labs PINELABS — — Private NPST NPST — — Limited data B4: Payments Banking & Cards Company Symbol Prev Close Change % Expectation Fino Payments FINOPB ₹113.6 -18.6% ↘️ Critical — ATL SBI Cards SBICARD ₹673.50 +3.1% ↗️ Strong B5: ATM & Cash (Peripheral) Company Symbol Prev Close Change % Expectation AGS Transact AGSTRA ₹42 -4% ↘️ ⚠️ Under CIRP 📰 Sector News Market Rally: Sensex surged 1,205 pts (+1.6%), Nifty crossed 23,300 on US-Iran ceasefire hopes Oil Prices: Crude fell below $100/bbl on Middle East de-escalation HDFC Bank: +2.3%; recovering from recent selloff Fino Payments: Shares crashed 18.6% to all-time low; CEO bail plea dismissed SBI Cards: +3.1% — top performer in payments space Manufacturing PMI: India’s HSBC PMI slipped to 53.8 (from 56.9) in March 📈 Week Ahead March 26: Ram Navami — Market closed March 27: Trading resumes March 31: Mahavir Jayanti — Market closed April 3: Good Friday — Market closed Sources: Moneycontrol, NSE India, Economic Times Markets Disclaimer: AI-generated for educational purposes. Not investment advice. ...