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NEWS U CAN USE
Apr 17, 2026
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The Week that was…
13th Apr to 17th Apr
2
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Indian Economy
•India’s Consumer Price Index (CPI)–based inflation rose to 3.4% in Mar 2026 from 3.21% in
Feb 2026, as geopolitical tensions and supply-side pressures originating in the Middle East
began to weigh on prices. However, the increase remains comfortably within the target
range set by the Reserve Bank of India.
•India’s wholesale price index (WPI)-based inflation rose 3.88% YoY in Mar 2026,
accelerating from 2.13% in Feb 2026, primarily due to increase in prices of crude
petroleum & natural gas, other manufacturing, non-food articles, manufacture of basic
metals and food articles.
•India’s merchandise trade deficit widened to $20.67 billion in Mar 2026, compared with
$21.69 billion in Mar 2025. Exports fell 7.44% YoY to $38.92 billion, while imports fell
6.51% YoY to $59.59 billion over the same period.
•India’s unemployment rate rose to a five-month high of 5.1% in Mar 2026, up from 4.9% in
Feb 2026, driven mainly by rising joblessness in urban areas, where unemployment
increased to 6.8%, while rural unemployment edged up to 4.3%, according to PLFS data.
•India’s net FDI inflows weakened further, turning negative at USD 1.39 billion in Jan 2026,
as gross inflows declined 6.9% YoY to about USD 5.7 billion while repatriation nearly
doubled to USD 4.9 billion, amid investors increasingly favouring nearshoring destinations
like Mexico and Vietnam.
3
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4
Domestic Equity Market Indices
Indices
17-Apr-26
1 Week Return
YTD Return
BSE Sensex
78,493.54 1.22% -7.89%
Nifty 50
24,353.55 1.26% -6.80%
BSE Mid
-Cap 46,124.91 3.50% -1.77%
BSE Small
-Cap 50,799.21 4.86% -1.41%
Source: Refinitiv Values as on Apr 17, 2026
•Domestic equity markets rose for the
second consecutive week, with
benchmark indices BSE Sensex and
Nifty 50 gaining 1.22% and 1.26%,
respectively.
•Domestic equity markets rose as
investor sentiment improved on
optimism over a potential resolution of
the Iran conflict. Sentiment was further
boosted by a 10 day ceasefire between
Israel and Lebanon and easing crude oil
prices.
•Strength in the Indian rupee, supported
by RBI measures, along with buying by
foreign institutional investors in
domestic equity markets, also
contributed to the gains.
Ratios
BSE Sensex
Nifty 50
BSE Mid Cap
BSE Small
Cap
P/E
21.55 21.38 31.55 30.90
P/B
4.21 3.33 5.02 3.69
Dividend Yield
1.16 1.28 0.77 0.62
Source: NSE, BSE Values as on Apr 17, 2026
Indian Equity Market
NSE Advance/Decline Ratio
Date Advances
Declines
Advance/Decline Ratio
13-Apr-26 1,420 2,020 0.70
15-Apr-26 3,008 485 6.20
16-Apr-26 2,292 1,180 1.94
17-Apr-26 2,595 961 2.70
Source: NSE
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5
Sectoral Indices
Indices Last Returns (in %)
Closing 1-Wk 1-Mth
BSE Auto
58,444.08 -0.46% 5.01%
BSE Bankex
63,718.35 1.16% 3.33%
BSE CD
60,329.69 3.65% 8.68%
BSE CG
76,112.21 5.45% 12.02%
BSE FMCG
18,383.68 3.10% 4.25%
BSE HC
43,487.08 2.04% 2.35%
BSE IT
30,696.64 2.66% 10.26%
BSE Metal
42,416.19 4.05% 10.31%
BSE Oil & Gas
27,144.84 1.74% 3.30%
Source:BSE
Values as on Apr 17, 2026
•On the BSE sectoral front, BSE Power rallied
6.78% on expectations of a sharp rise in
electricity demand as India heads into the peak
summer season, prompting investors to
position for stronger capacity utilization and
improved revenue visibility for generators. BSE
Metal gained 4.05%, supported by renewed
buying after a recent correction and selective
stock specific accumulation. The move was
aided by easing Middle East tensions, a weaker
U.S. dollar and firm base metal prices, especially
aluminium which reached a four year high on
supply concerns.
Indian Derivatives Market Review
•Nifty Apr 2026 Futures stood at 24,368.00, a premium of 14.45 points above the spot
closing of 24,353.55.
•The total turnover on NSE’s Futures and Options segment for the week stood at Rs. 861.62
lakh crore as against Rs. 1,167.98 lakh crore for the week to Apr 10.
•The Put-Call ratio stood at 0.8 compared with the previous week’s close of 0.87.
•The Nifty Put-Call ratio stood at 0.69 compared with the previous week’s close of 0.62.
Indian Equity Market (contd.)
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6.80
6.85
6.90
6.95
13-Apr 15-Apr 16-Apr 17-Apr
Yield in %
10 -Yr Benchmark Bond ( % )
Source: CCIL
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Debt Indicators
(%)
Current
Value
1-
Wk
Ago
1-
Mth
Ago
6-
Mth
Ago
Call Rate
5.11 5.05 5.27 5.59
91 Day T
-Bill 5.19 5.30 5.34 5.44
06.36% 2031, (5 Yr GOI)
6.58 6.54 6.42 6.13
06.48% 2035, (10 Yr GOI)
6.91 6.91 6.71 6.45
Source: Refinitiv Values as on Apr 17, 2026
•Bond yields initially moved higher amid a
rise in crude oil prices, as uncertainty
persisted around truce negotiations
between the U.S. and Iran. However,
sentiment improved after domestic
inflation for Mar 2026 came in softer
than expected at 3.4% YoY.
Subsequently, earlier losses were pared
as crude oil prices eased from elevated
levels on expectations of renewed U.S.–
Iran peace talks.
•Yield on the 10-year benchmark paper
(6.48% GS 2035) was unchanged to close
at 6.91% from the previous week’s close.
•Data from Reserve Bank of India showed
that India's foreign exchange reserves
increased to $700.95 billion for the week
ended Apr 10, 2026 compared with
$697.12 billion a week earlier.
Domestic Debt Market
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-35
-21
-7
7
21
5.00
6.00
7.00
8.00
3 Mths 6 Mths 1 Yr 5 Yrs 10 Yrs 20 Yrs 30 Yrs
India Yield Curve Shift (%) (W-o-W)
Change in bps 17-Apr-26 10-Apr-26
Yield in %
Change in bps
Source: Refinitiv
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Maturity G-
Sec Yield
(%)
Corporate Yield
(%)
Spread
bps
1 Year 5.57 7.34 177
3 Year 6.35 7.25 90
5 Year 6.58 7.36 78
10 Year 6.91 7.65 74
Source: Refinitiv Values as on Apr 17, 2026
•Yields on gilt fell between 22 to 53 bps across the
maturities.
•Corporate bond yields fell between 16 to 40 bps
across the curve.
•Difference in spread between AAA corporate bond
and gilt expanded between 4 to 13 bps across the
segments.
Domestic Debt Market (Spread Analysis)
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8
•EXIM Bank said client repayments remain unaffected by the ongoing West Asia conflict,
supported by the resilience and diversified revenue bases of Indian companies in the region,
even as prolonged tensions could impact new project awards and execution timelines.
•The government has expanded the Rs.497 crore RELIEF export insurance scheme to include
additional destinations such as Jordan and Egypt, aiming to provide higher risk cover and
logistical support to exporters affected by disruptions from the West Asia crisis.
•The Insolvency and Bankruptcy Board of India has proposed a creditor initiated insolvency
resolution framework to speed up debt resolution, allowing financial creditors with at least
51% exposure to trigger proceedings without prior NCLT admission. The process targets
completion within 150 days, significantly shorter than the current 330 day timeline, with the
tribunal’s role largely limited to granting a moratorium and approving the resolution plan.
•The government plans to streamline the filing framework under the Companies Act, 2013 by
consolidating multiple forms, shifting to a data centric and pre filled filing system, and
expanding straight through processing to ease compliance for businesses. The proposal also
includes a review of company incorporation rules to simplify procedures and reduce
duplicate filings, with stakeholder feedback invited by mid May.
Regulatory Updates in India
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9
•SEBI has overhauled its “fit and proper person” framework for market intermediaries to
improve procedural fairness and reduce regulatory uncertainty. Under the revised rules,
pending criminal complaints, FIRs, or charge sheets in economic offence cases will no
longer automatically trigger disqualification, though convictions for any economic offence
or securities law violation will now qualify as disqualifying events. The changes also
mandate a right to be heard before any adverse declaration, shorten cooling off periods,
and clarify that disqualification of group or associate entities will not apply automatically
unless directly linked.
•IRDAI has constituted a health insurance subcommittee to review and strengthen India’s
private health insurance ecosystem, focusing on coverage, penetration, claims experience,
product design, grievance redressal, and consumer experience. The panel will also
examine hospital networks, pricing, fraud control, and digital systems, and is expected to
submit its first report within four months, with a one year tenure.
Regulatory Updates in India (contd..)
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•U.S. existing home sales fell 3.6% to an annual rate of 3.98 million in Mar 2026, following a
2.7% surge to an upwardly revised 4.13 million in Feb 2026, according to the National
Association of Realtors.
•U.S. initial jobless claims fell to 207,000 in the week ended Apr 11, 2026, down by 11,000
from the previous week’s revised figure of 218,000, according to the Labor Department.
•U.S. industrial production declined by 0.5% in March 2026, following a 0.7% increase in
February, data from the Federal Reserve showed.
•The U.S. producer price index for final demand climbed 0.5% in Mar 2026, matching the
downwardly revised increase recorded in Feb 2026, according to the Labor Department.
•U.K. gross domestic product recorded monthly growth of 0.5% in Feb 2026, accelerating
from a 0.1% expansion in Jan 2026, according to the Office for National Statistics.
•The eurozone’s current account surplus narrowed to EUR 25 billion in February 2026 from
EUR 40 billion in January, according to the European Central Bank.
•Japan’s core machinery orders rose a seasonally adjusted 13.6% MoM in Feb 2026,
according to the Cabinet Office.
•China’s exports rose 2.5% YoY in Mar 2026, slowing from a 21.8% increase recorded in the
first two months of the year, according to the General Administration of Customs.
•China’s gross domestic product expanded by 5.0% YoY in the first quarter of 2026,
according to the National Bureau of Statistics.
10
Global News/Economy
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11
Global Indices
Indices
1
7-Apr-
26
1-Week
Return
YTD
Return
Russell 3000
3,755.17 6.80% 1.13%
Nasdaq 100
26,672.43 6.20% 5.63%
FTSE 100
10,667.63 0.63% 7.41%
DAX Index
24,702.24 3.77% 0.86%
Nikkei Average
58,475.90 2.73% 16.16%
Straits Times
4,997.93 0.17% 7.57%
Source: Refinitiv
Value as on Apr 17, 2026
U.S.
•U.S. equity markets rose after Iran
declared the Strait of Hormuz
“completely open,” following a ceasefire
announcement between Israel and
Lebanon. Markets ended a range-bound
session higher, with technology stocks
extending recent gains and lifting
benchmarks to fresh record closing highs.
Europe
•European equity markets advanced, buoyed by news that Iran has declared the Strait of
Hormuz completely open to commercial traffic following the 10-day ceasefire between
Israel and Lebanon. Gains were further supported by optimism surrounding potential U.S.–
Iran diplomatic engagement, which helped offset lingering concerns over geopolitical
tensions and supply risks.
Asia
•Asian equity markets rose amid optimism over renewed U.S.–Iran talks. According to
reports, the U.S. administration signaled that it views the conflict as nearing an end.
Investor sentiment was further supported by a continued decline in crude oil prices, driven
by hopes of a potential reopening of the Strait of Hormuz.
Global Equity Markets
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4.20
4.22
4.24
4.26
4.28
4.30
4.32
13-Apr 14-Apr 15-Apr 16-Apr 17-Apr
Yield in %
US 10-Year Treasury Yield Movement
Source: Refinitiv
12
•Yields on the 10-year U.S. Treasury fell
by 7 bps to close at 4.24% from the
previous week’s close of 4.32%.
•U.S. Treasury prices rose as optimism
grew that the Iran war may be nearing a
resolution, easing concerns about a
renewed bout of inflation.
•Prices advanced further on expectations
that the conflict could wind down soon,
although trading remained subdued as
investors consolidated positions and
awaited clearer developments.
Global Debt (U.S.)
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4.00
6.00
8.00
10.00
12.00
14.00
16.00
17-Mar-26 2-Apr-26
Global Commodity Movement
Gold Spot ($/Oz) Silver Spot ($/Oz) Brent ($/bbl)
Global Commodity Prices
Rebased to 10
Source: Refinitiv
13
Performance of various commodities
Commodities
Last Closing*
1-Week Ago
Brent Crude($/Barrel)
123.74 136.92
Gold ($/Oz)
4,828.30 4,747.49
Gold (Rs/10 gm)
151,097 149,646
Silver ($/Oz)
80.79 75.88
Silver (Rs/Kg)
250,016 239,775
Source: Refinitiv Value as
on Apr 17,
2026
Gold
•Gold prices rose as the U.S. dollar
weakened and U.S. Treasury yields
declined, supported by renewed optimism
over a negotiated end to the U.S.–Iran
conflict. Prices also gained after Iran fully
reopened the Strait of Hormuz until Apr
22, 2026.
Brent Crude
•Brent crude oil prices fell after Iran
reopened the Strait of Hormuz a critical sea
route through which about 20% of the
world’s oil transits thereby easing supply-
related concerns.
Baltic Dry Index
•The index rose over the week due to
improved capesize and panamax activities.
Commodities Market
05-Jan-24
17-Apr-26
-9.63%
1.70%
6.47%
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9.80
9.90
10.00
10.10
10.20
10.30
10.40
10.50
17-Mar-26 2-Apr-26
USD GBP Euro JPY
Source: Refinitiv
Currency Prices ( in terms of INR)
Rebased to 10
Currency Movement
14
Movement of Rupee vs Other Currencies
Currency
Last Closing*
1-Wk Ago
US Dollar
92.72 92.65
Pound Sterling
125.27 124.31
EURO
109.20 108.28
100 Yen
58.14 58.16
Source: Refinitiv Figures in INR , *Value as on Apr
17, 2026
Rupee
•The Indian rupee fell against the U.S. dollar
despite support from a weaker American
currency and falling crude oil prices amid
growing hopes of easing geopolitical tensions.
Euro
•The euro rose against the U.S. dollar after the
Strait of Hormuz was declared open.
Pound
•The British pound strengthened against the U.S.
dollar following the reopening of the Strait of
Hormuz.
Yen
•The Japanese yen strengthened against the U.S.
dollar after the Strait of Hormuz was declared
open.
Currencies Markets
25-Jan-24
17-Apr-26
0.08%
-0.03%
0.85%
0.77%
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15
The Week that was…
13th Apr to 17th Apr
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16
The Week that was (Apr 13 – Apr 17)
Date Events
Present
Value
Previous
Value
Monday,
April 13, 2026
• India HSBC Composite PMI Final MAR
57.00 58.90
• India Inflation Rate YoY MAR
3.40% 3.21%
• U.S. Existing Home Sales (MoM) (Mar)
3.98M 4.13M
Tuesday,
April 14, 2026
• China Trade Balance CNY (Mar)
354.75B
1,500B
• U.S. Producer Price Index (YoY) (Mar)
4.00% 3.40%
• Japan Industrial Production (YoY) (Feb)
0.40% 0.30%
Wednesday,
April 15, 2026
• India WPI Inflation YoY MAR
3.88% 2.13%
• India Balance of Trade MAR
$
-
20.67B
$-27.1B
Thursday,
April 16, 2026
• China Gross Domestic Product (QoQ) (Q1)
1.30% 1.20%
• U.K. Manufacturing Production (MoM) (Feb)
-0.10% 0.20%
Friday,
April 17, 2026
• Eurozone Current Account (Feb)
€21.1B
€15.4B
• Eurozone Trade Balance (Feb)
€11.5B €-1B
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17
The Week Ahead
20th Apr to 24th Apr
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18
The Week Ahead
Day Event
Monday,
Apr 20, 2026
•
India Infrastructure Output YoY MAR
•
People’s Bank of China Interest Rate Decision
•
Germany Producer Price Index (MoM) (Mar)
Tuesday,
Apr 21, 2026
•
U.S. Retail Sales (MoM) (Mar)
•
U.K. Claimant Count Rate (Mar)
Wednesday,
Apr 22, 2026
•
U.K. Consumer Price Index (MoM) (Mar)
•
U.K. Retail Price Index (YoY) (Mar)
•
Japan Imports (YoY) (Mar)
Thursday,
Apr 23, 2026
•
U.S. Initial Jobless Claims
•
U.S. New Home Sales (MoM) (Mar)
•
Eurozone HCOB Services PMI (Apr) Prel
•
Germany HCOB Composite PMI (Apr) Prel
Friday,
Apr 24, 2026
•
U.K. GfK Consumer Confidence (Apr)
•
U.K. Retail Sales (MoM) (Mar)
•
Japan National Consumer Price Index (YoY) (Mar)
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markets which have been obtained from independent third party sources and which are deemed to be reliable. The information provided cannot be
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19
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