India’s latest stock market news points to a week shaped by infrastructure spending, corporate earnings, oil price volatility, banking shifts, and renewable energy investments. The central government nearly met its FY26 capex target, Ambuja Cements reported a sharp jump in quarterly profit, crude oil prices surged amid West Asia tensions, and NSE’s launch of Electronic Gold Receipts marked an important step for India’s gold market.
For investors, these developments are more than headline updates. They signal where policy money is flowing, which sectors may see demand support, and how global risks can influence Indian equities. Platforms like Jarvis Invest help investors look beyond daily market movement by using AI-driven research and data-backed insights to understand opportunities, risks, and portfolio impact more clearly.
Central Government Achieves 98% of FY26 Capex Target, Led by Railways and NHAI
Central government achieved 98% of capex target for FY26, allocating ₹10.75 trillion against the annual target of ₹10.96 trillion. Bulk of the capex was done by Indian Railways and the NHAI. While the Railway board undertook capex of ₹2.60 trillion, NHAI undertook capex of ₹2.40 trillion. In addition, the central government also fully utilized the ₹1.50 trillion earmarked for 50-year interest-free capex loans to states. In FY25 and FY26, capex stood at 3% of GDP, which is a good fiscal balance. For 11 months, capex grew 14.5%, while revenue spending contracted -6%.
Stock Market News: Ambuja Cements Q4FY26 Profit Jumps Three-Fold as Demand Improves After GST Cuts
Standalone net profits of Ambuja Cements for Q4FY26 grew three-fold to ₹1,644 crore. Top line revenues were up 5.52% yoy at ₹6,608 crore. On a consolidated basis, net profits stood at ₹1,830 crore while revenues were ₹10,892 crore. While the adverse weather conditions and the supply chain constraints created a challenge for Ambuja Cements, the redeeming feature of FY26 was the GST cuts, which boosted cement demand. Annual cement volumes stood at 73.70 MT; with full year EBITDA margins at around 16.1%. West Asia crisis has spiked input costs for Ambuja.
Crude Oil Prices Surge Over 5% as Iran-US Tensions Escalate Near Strait of Hormuz
Following reports of Iranian missiles hitting two American warships, the price of crude oil surged by more than 5%. Brent Crude touched a high of $113.69/bbl during the day, while the US benchmark (WTI) crossed $107/bbl. Iranian news agencies had reported that US warships had been hit by Iranian missiles near Jask. While the US has denied any such attack, the markets are not taking any chances. The US wants to assist ships stranded in the Straits of Hormuz, but Iran is not willing to allow that. For now, the Straits of Hormuz continues to be effectively blockaded.
Stock Market News: NSE Launches Electronic Gold Receipts to Formalize India’s Gold Trading Market
In a bid to formalize the Indian gold market, NSE has launched Electronic Gold Receipts (EGRs). This move is likely to ensure efficient price discovery, boost participation and offer a formal mechanism for stakeholders to participate in the buying and selling of gold. EGR represents dematerialized ownership of physical gold. The EGRs will position the Indian gold market at par with similar global benchmarks. It would also enable more productive use of gold as a non-financial asset. The EGRs will trade seamlessly on the exchange platform, with market-driven real-time price discovery.
Air India Board to Meet on May 7 Amid FY26 Loss Concerns and Rising ATF Costs
The Air India board will meet on 07-May to discuss the selection of new CEO and steps to save costs amid the ongoing West Asian crisis. The crisis in West Asia led to a spike in aviation turbine fuel (ATF) costs, causing negative spreads between RASK and CASK. Air India is likely to report net loss of over ₹22,000 crore for FY26, something that has got the Tata Sons board worried. The board meeting will be chaired by Chandrasekaran, chairman of Tata Sons. Unbundling meals from tickets and limiting lounge access are being considered. Airspace restrictions have also hit airlines.
Public Sector Banks Turn to Wealth Management as Investors Move Beyond Fixed Deposits
Public sector banks are making a big pivot towards building their wealth management business. As household savings shift from bank FDs to equities and mutual funds, this wealth management foray will allow the PSBs to get a revenue share from customers. While SBI has made rapid strides in its wealth advisory business, the other PSBs are still lagging; unlike the private banks that have been able to leverage their customer base to boost the wealth business. Now, PSBs are look to rapidly leverage their client base, digital abilities, and the investment advisory skills, already built.
India’s FY27 Fertilizer Subsidy Bill May Overshoot Budget Due to Rising Import Costs
For FY27, the fertilizer subsidy bill is likely to overshoot the budget by a big margin. Rising cost of imported urea and other fertilizers are likely to leave the Indian government with a huge subsidy bill for the current fiscal. While the exact numbers are to be worked out, sustained supply chain pressure from West Asia will lead to fertilizer subsidy substantially exceeding the budget target of ₹1.71 trillion. Prices of urea and other fertilizers have gone up sharply. With domestic production of urea constrained by supply chain pressures, India has to rely more on fertilizer imports.
Stock Market News: Solex Energy to Invest ₹4,000 Crore in Gujarat Solar Cell and BESS Manufacturing Project
Solex Energy will invest ₹4,000 crore to set up a solar cell manufacturing facility as part of its BESS project in Gujarat. The integrated solar cell facility will also have a battery energy storage system (BESS) project. The total capacity creation will include a 5GW solar cell manufacturing and 10GW BESS project. This will be a catalyst for Gujarat to emerge as a clean-tech manufacturing hub. This will also help to accelerate India’s renewable energy ambitions. Memorandum of Understanding (MOU) with the government of Gujarat for the project has already been signed.