India

Stock Watch — April 28, 2026 Market Day Summary | Not investment advice 📊 INDICES Index Prev Close (Apr 25) Note Nifty 50 ~24,400 Down ~2% weekly Nifty Bank ~50,000 Dragged by IT stocks FinNifty ~21,500 Mixed sentiment Nifty IT ~41,000 HCLTech fell 10% Market Week Review: Sensex and Nifty ended week down nearly 2% as oil price surge (+$3+) and IT stock corrections dragged Indian equities lower. 1 🏦 BANKS — Digital Payments Focus Bank Symbol Digital Focus HDFC Bank HDFCBANK 22% credit card market, ML fraud detection ICICI Bank ICICIBANK iMobile Pay, Apple Pay integration SBI SBIN 19% credit card share, largest UPI volume Axis Bank AXISBANK Digital focus, workforce down to 1.01 lakh 2 Kotak Bank KOTAKBANK 811 digital bank, UPI innovation Axis Bank Update: Headcount fell to 1.01 lakh in FY26 (down 3,000) as tech-driven productivity gains kick in. Q4 profits flat at INR 7,071 crore, INR 1 dividend announced. 2 ...

Fintech Brief — April 28, 2026 Today’s Top Stories 1. Acko Eyes $2.5B IPO Valuation General Atlantic-backed Acko Insurance is planning an initial public offering targeting a valuation of $2–2.5 billion, with a potential listing in early 2027. The digital insurer aims to raise $300–500 million in the IPO. Founded in 2016, Acko has focused on digitizing insurance purchases through partnerships with online platforms and mobility companies. Backed by investors including General Atlantic, Accel, Amazon, and CPPIB, the IPO would mark another major exit for India’s fintech unicorns. [^1] ...

Stock Watch — April 23, 2026 Market Day Summary | Not investment advice 📊 INDICES Index Prev Close Change % Change Nifty 50 24,378.10 -198.50 -0.81% Nifty Bank 57,124.45 - - FinNifty 24,422.50 +65.00 +0.27% Nifty IT — — — SGX Nifty: 24,295.00 (-68.50, -0.28%) ↘️ 🏦 BANKS — Digital Payments Focus Bank Symbol Prev Close Change % Key Levels Expectation HDFC Bank HDFCBANK 799.90 -0.57% S: 790, R: 820 Consolidate ICICI Bank ICICIBANK 1,367.60 -1.50% S: 1350, R: 1400 Weak SBI SBIN 712.15 - S: 700, R: 730 Sideways Axis Bank AXISBANK — — — — Kotak Bank KOTAKBANK — — — — 💳 FINTECH — Pure Play Tier B1: Digital Payments & Wallets Symbol Company Prev Close Chg % PAYTM One97 Communications 1,166.25 +0.42% MOBIKWIST — — — Tier B2: Insurance & Credit Symbol Company Prev Close Chg % PBFINTECH PB Fintech — — Tier B3: Payment Infrastructure Symbol Company Prev Close Chg % INFIBEAM Infibeam Avenues — — PINELABS Pine Labs — — NPST Network People — — Tier B4: Payments Banking & Cards Symbol Company Prev Close Chg % FINOPB Fino Payments Bank — — SBICARD SBI Cards — — Tier B5: ATM & Cash Symbol Company Note AGSTRA AGS Transact ⚠️ Under CIRP 📰 Sector News HCLTech Q4 miss drags IT sector; stock crashes 10% on weak FY27 guidance1 FII selling pressure in HDFCBANK and ICICIBANK continues in Q42 GiftNifty futures signal negative open; US-Iran ceasefire extension provides some relief 🔍 Key Observations IT stocks under pressure post HCLTech results weakness Bank Nifty faces resistance at 200-DMA Financials seeing FII outflows but DII support continues Rupee weakens 3-day; crude oil elevated Sources: Moneycontrol, NSE India, Economic Times Markets Disclaimer: AI-generated for educational purposes. Not investment advice. ...

Stock Watch — April 22, 2026 Market Day Summary | Not investment advice 📊 INDICES Index Prev Close Change % Change Nifty 50 24,364.85 +215.75 +0.89% Nifty Bank 56,582.35 +748.15 +1.32% FinNifty 26,537.10 +313.65 +1.18% Nifty IT 31,585.75 ↗️ Flat — Prev close data from April 21, 2025 🏦 BANKS — Digital Payments Focus Bank Symbol Prev Close Change % Key Levels Expectation HDFC Bank HDFCBANK ₹1,496.65 -2.94% S: 1,480 R: 1,520 Under pressure post-Q4 ICICI Bank ICICIBANK ₹1,385.60 +2.17% S: 1,360 R: 1,400 ↗️ Strong digital SBI SBIN ₹812.00 +2.08% S: 795 R: 825 ↗️ UPI volume help Axis Bank AXISBANK ₹471.63 +1.5% S: 460 R: 480 ➡️ Steady Kotak Bank KOTAKBANK ₹882.79 +1.2% S: 870 R: 900 ➡️ 811 stable 💳 FINTECH — Pure Play B1: Digital Payments & Wallets Company Symbol Prev Close Change % Paytm PAYTM ₹95.93 ↘️ Selling pressure MobiKwik MOBIKWIK N/A Suspended B2: Insurance & Credit Company Symbol Prev Close Change % PB Fintech PBFINTECH ₹69.30 +8.3% as per buzz B3: Payment Infrastructure Company Symbol Prev Close Change % Infibeam INFIBEAM N/A ➡️ Flat Pine Labs PINELABS N/A Private NPST NPST N/A Small cap B4: Payments Banking & Cards Company Symbol Prev Close Change % Fino PayBank FINOPB N/A Small cap SBI Cards SBICARD ₹44.84 ↘️ Under pressure B5: ATM & Cash (Peripheral) Company Symbol Note AGS Transact AGSTRA ⚠️ Under CIRP 📰 Sector News FII Selling Continues: FIIs net sold ₹1,918.99 cr on April 21; second consecutive day of selling DII Buying: DIIs net bought ₹2,221.27 cr, supporting markets HDFC Bank Q4: Slipped ~3% post-earnings; brokers remain positive on medium-term HCLTech Q4: Net profit ₹4,488 cr (+4% YoY), declared Rs 24 dividend; mixed reaction Dollar Strength: INR at 93.49, week high amid Iran ceasefire uncertainty 📈 SGX Nifty Pre-Market SGX Nifty indicating flat-to-slightly negative open Global cues mixed: US markets down, Asia mixed Sources: Moneycontrol, NSE India, SGX Nifty, Economic Times Markets Disclaimer: AI-generated for educational purposes. Not investment advice. ...

Fintech Brief — April 22, 2026 Today’s Top Stories 1. RBI Holds Policy Rates Steady; Inflation Concerns Persist The Reserve Bank of India maintained its policy repo rate at 5.25% in its latest review, with the Standing Deposit Facility Rate at 5.00% and Marginal Standing Facility Rate at 5.50%. The CRR remains at 3.00% and SLR at 18.00%. Key rates as of April 21, 2026: Policy Repo Rate: 5.25% Lending Rate (MCLR Overnight): 7.70% - 7.95% Savings Deposit Rate: 2.50% Term Deposit Rate > 1 Year: 6.00% - 6.60% RBI Governor Sanjay Malhotra has warned of persistent inflation risks citing India’s exposure to the Middle East conflict. The central bank remains cautious on rate cuts despite market expectations for easing. 1 ...

Stock Watch — April 21, 2026 Market Day Summary | Not investment advice 📊 INDICES Index Prev Close Change % Change Nifty 50 24,353 +47 +0.19% Nifty Bank 56,582 +17 +0.03% FinNifty 26,400 +137 +0.52% Nifty IT 31,809 -224 -0.70% SGX Nifty 24,470 Flat Flat ↔️ Prev close: April 20, 2026. SGX Nifty suggests flat-to-slightly-positive opening. 🏦 BANKS — Digital Payments Focus Bank Symbol Prev Close Change % Key Levels Expectation HDFC Bank HDFCBANK ₹800 +0.55% S: 790, R: 820 ➡️ sideways ICICI Bank ICICIBANK ₹1,348 +0.15% S: 1,340, R: 1,360 ➡️ SBI SBIN ₹1,080 +2.20% S: 1,050, R: 1,100 ↗️ bullish Axis Bank AXISBANK ₹1,364 +0.12% S: 1,345, R: 1,380 ➡️ Kotak Bank KOTAKBANK ₹1,850 Flat S: 1,820, R: 1,900 ➡️ Key: S=Support, R=Resistance. SBI leads with 2.2% gain post-Q3 performance. ...

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] ...