India’s exports reached an all-time high of $863 billion in 2025-26, demonstrating resilience against global disruptions like the West Asia conflict and US tariffs. Key sectors like engineering goods and petroleum products drove this growth, with Gujarat emerging as a significant export hub contributing $110 billion.
Indian equity benchmarks Sensex and Nifty extended their gains for a fourth consecutive session on Wednesday, closing higher. Softer crude oil prices, influenced by a US-Iran peace deal, bolstered investor sentiment. Despite continued foreign fund outflows, the indices saw a positive uptick, with Nifty50 and BSE Sensex both registering gains.
The US and Iran are set to sign an interim memorandum of understanding in Switzerland, aiming to end a four-month conflict and impose strict limits on Tehran’s nuclear program.
Microfinance lenders saw stabilization in the March 2026 quarter. The industry’s portfolio shrank year-on-year but grew sequentially. Lending shifted to existing borrowers. Borrower leverage moderated across key states. Loan sizes increased. Asset quality showed mixed trends with improved 30+ days past due rates but intensified stress in older loan cohorts.
Several group companies have been dealing with cyclical headwinds, while businesses such as Air India continue to navigate challenges arising from an uncertain geopolitical and economic environment.
The approvals place Groww and Upstox alongside firms such as Vested Finance and IndMoney, which already operate as GAPs and provide Indian investors with access to global equities.
Reliance Jio is reportedly nearing the submission of draft papers for its substantial $4 billion IPO, a move anticipated before Mukesh Ambani’s upcoming shareholder address. This potential listing, aiming for a fresh issue to fund Jio’s growth, could become one of India’s largest stock market debuts.
The Indian Rupee strengthened significantly against the US dollar on Wednesday, driven by falling crude oil prices and a weaker dollar index. This recovery, fueled by expectations of a US-Iran framework agreement and potential capital inflows, has pushed the rupee towards the 94.00-93.80 zone. Traders are closely watching the upcoming signing of the US-Iran agreement
