📈 Stocks to Watch
🏦 HDFC Bank & ICICI Bank
Both banks reported better-than-expected quarterly earnings, propelling their stock prices to record highs last week. Their robust performance contributed to Indian indices achieving their best weekly performance in over four years .
💻 Infosys
Infosys missed revenue expectations and provided a cautious fiscal 2026 forecast due to global economic uncertainties and reduced client spending .
🏦 Yes Bank
The bank surpassed quarterly earnings estimates, benefiting from lower loan-loss provisions .
🏥 HDFC Life Insurance
Reported profit growth driven by increased demand for group insurance products .
🏗️ Larsen & Toubro (L&T)
L&T's stock rose by 4.31% following a 14% increase in consolidated profit, attributed to higher revenue .
🏦 IndusInd Bank
Appointed Santosh Kumar as deputy CFO amidst regulatory scrutiny for accounting lapses .
🌍 Market Outlook
Despite global uncertainties, including concerns over tariffs and U.S. economic policies, Indian markets have shown resilience. Foreign portfolio investors have been net buyers in recent sessions, supported by a weakening U.S. dollar and expectations of better growth prospects in India
The Indian rupee is expected to trade positively, buoyed by solid foreign portfolio inflows and a weak U.S. dollar. Analysts anticipate the USD/INR pair to move between 85 and 85.80 in the near term
Source: Taken from multiple websites
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