Moneycontrol https://www.moneycontrol.com https://images.moneycontrol.com/images/mc_homepage/moneycontrol_logo_250x40.png Moneycontrol https://www.moneycontrol.com https://www.moneycontrol.com/news/business/stocks/acme-solar-holdings-shares-in-focus-post-commissioning-bess-projects-13881552.html ACME Solar Holdings shares in focus post commissioning BESS projects https://www.moneycontrol.com/news/business/stocks/acme-solar-holdings-shares-in-focus-post-commissioning-bess-projects-13881552.html ACME Solar Holdings share price will remain in focus on April 7 following the company commissioned two different projects in the state of Rajasthan. The company through its wholly owned subsidiary i.e. ACME Sun Power, has commissioned the fourth phase of 33.333 MW/160.48 MWh out of 300 MW/1409.34 MWh capacity of Battery Energy Storage System (BESS) project located at Badi Sid in Rajasthan. With this, ACME Sun Power has achieved a commissioned capacity of 133.336 MW / 641.980 MWh out of 300 MW/1409.34 MWh. Also, its wholly owned subsidiary ACME Suryodaya has commissioned the fifth phase of 76 MW / 160.512 MWh out of 285 MW / 601.904 MWh capacity of Battery Energy Storage System (BESS) project located at Sanwara and Mehar Nagar at Rajasthan, on April 06, 2026. The Commercial operation date (COD) for the stated phase–V shall be April 08, 2026. With this, ACME Suryodaya has achieved a commissioned capacity of 247 MW / 521.652 MWh out of 285 MW / 601.904 MWh. Catch all the market action on our live blog On April 1, ACME Sun Power has commissioned the fourth phase of 33.333 MW/160.48 MWh out of 300 MW/1409.34 MWh capacity of Battery Energy Storage System (BESS) Project located at Badi Sid at Rajasthan. With this, ACME Sun Power achieved a commissioned capacity of 133.336 MW / 641.980 MWh out of 300 MW/1409.34 MWh.]]> Moneycontrol.com Team Moneycontrol.com en-us Moneycontrol.com Tuesday, Apr 07, 2026 07:32 AM https://images.moneycontrol.com/static-mcnews/2023/12/Solar-and-wind-energy-are-poised-to-drive-two-thirds-of-Indias-power-generation-growth-by-2032-Photo-Credit-Iamvrt46-via-Wikimedia-Commons-1.jpg ACME Solar Holdings shares in focus post commissioning BESS projects https://www.moneycontrol.com/news/business/stocks/deep-industries-shares-in-focus-on-order-won-worth-rs-59-crore-from-ongc-13881546.html Deep Industries shares in focus on order won worth RS 59 crore from ONGC https://www.moneycontrol.com/news/business/stocks/deep-industries-shares-in-focus-on-order-won-worth-rs-59-crore-from-ongc-13881546.html Deep IndustriesDeep Industries share price will remain in focus on April 7 following the company received a Letter of Award from Oil and Natural Gas Corporation (ONGC) of Rs 59 crore. The said Letter of Award is for hiring of services of Natural Gas Compressor, Gas Dehydration & HC Dew Point Depression for Malleswaram of ONGC, Rajamundry Asset for a period of three years. Catch all the market action on our live blog In the month of March, the company has entered into a Memorandum of Understanding (MOU) with Advait Greenergy (AGPL) to execute various Green Hydrogen project tenders and contracts issued by government bodies, PSUs, private entities or any other organizations in India and abroad. In the previous trading session, the share closed at Rs 445.90, up Rs 6.90, or 1.57 percent. The share touched a 52-week high of Rs 578.00 and a 52-week low of Rs 326.85 on 03 September, 2025 and 16 March, 2026, respectively. Currently, the stock is trading 22.85 percent below its 52-week high and 36.42 percent above its 52-week low. The market capitalisation of the company stands at Rs 2,853.76 crore.]]> Moneycontrol.com Team Moneycontrol.com en-us Moneycontrol.com Tuesday, Apr 07, 2026 07:27 AM https://images.moneycontrol.com/static-mcnews/2021/12/deep-industries.jpg Deep Industries shares in focus on order won worth RS 59 crore from ONGC https://www.moneycontrol.com/technology/oracle-layoffs-massive-job-cuts-by-tech-giant-is-linked-to-openai-deal-here-s-how-article-13881548.html Oracle layoffs: Massive job cuts by tech-giant is linked to OpenAI deal; here's how https://www.moneycontrol.com/technology/oracle-layoffs-massive-job-cuts-by-tech-giant-is-linked-to-openai-deal-here-s-how-article-13881548.html OpenAI deal and rising financial pressure At the centre of the layoffs is a $300 billion cloud computing agreement between Oracle and OpenAI, signed in 2025. Under the deal, Oracle committed to building large AI data centres to support workloads such as ChatGPT training and deployment. To meet this demand, Oracle has rapidly expanded infrastructure projects across multiple US locations. However, the expansion has required heavy borrowing. The company reportedly added tens of billions of dollars in debt within a short period, pushing its total debt beyond $100 billion. At the same time, its free cash flow has turned negative due to rising capital expenditure. Analysts estimate that the layoffs could help Oracle save between $8 billion and $10 billion, which may be redirected towards funding these data centre projects. Challenges in execution and shifting demand The OpenAI partnership has also faced operational challenges. Plans to expand a major data centre project in Texas were reportedly scaled back after changes in hardware requirements and demand forecasts. OpenAI is said to have preferred newer chipsets available at other locations, impacting previously planned investments. These changes have added uncertainty to Oracle’s infrastructure rollout, even as the company continues to invest heavily in AI capacity. Employees were informed about the layoffs through emails, with many receiving notices without prior discussions with managers or HR teams. The communication cited organisational restructuring and evolving business needs as reasons for the cuts. Teams across multiple divisions were affected, including engineering, operations, and customer-facing roles. Reports suggest that some units saw significant workforce reductions in a single round. Company’s stated reasoning Oracle has not directly linked the layoffs to its OpenAI deal. However, in its recent financial disclosures, the company stated that advances in AI-driven code generation have enabled it to operate with smaller teams. It added that restructuring is aimed at creating more efficient and agile teams. While the official explanation focuses on efficiency, the scale of investment and rising debt levels indicate that cost control is a key factor behind the layoffs.]]> Moneycontrol.com Team Moneycontrol.com en-us Moneycontrol.com Tuesday, Apr 07, 2026 07:26 AM https://images.moneycontrol.com/static-mcnews/2025/12/20251211164653_Oracle.png Oracle layoffs: Massive job cuts by tech-giant is linked to OpenAI deal; here's how https://www.moneycontrol.com/world/iranian-missiles-and-drones-hit-saudi-arabia-s-jubail-industrial-hub-massive-fires-reported-watch-article-13881752.html Iranian missiles and drones hit Saudi Arabia’s Jubail industrial hub, massive fires reported| Watch https://www.moneycontrol.com/world/iranian-missiles-and-drones-hit-saudi-arabia-s-jubail-industrial-hub-massive-fires-reported-watch-article-13881752.html

NEW 🔴

Reports indicate Al Jubail Industrial City in Saudi Arabia is on fire following Iranian strikes. pic.twitter.com/c6KbzFmh3z — Open Source Intel (@Osint613) April 6, 2026 Videos shared online showed explosions followed by massive flames and thick smoke rising from parts of the industrial zone. However, there is confirmation so far on the extent of the damage. The strike is significant given Jubail’s scale and economic importance. Spread over more than 1,000 square kilometres, the industrial hub houses over 150 facilities and contributes an estimated 7% to 12% of Saudi Arabia’s GDP, while accounting for nearly half of the kingdom’s total foreign direct investment. Jubail is also considered the world’s largest industrial hub, producing around 7% of global petrochemical output. Together with Yanbu, it forms the backbone of Saudi Arabia’s non-oil exports, contributing roughly 85% of the total. The complex includes major refining capabilities, processing between 500,000 and 700,000 barrels per day, alongside extensive steel, aluminium, fertiliser and chemical production units. It is supported by dedicated power infrastructure and linked to the King Fahd Industrial Port, which has an annual handling capacity of about 70 million tonnes. The development comes after earlier threats by Iran’s Islamic Revolutionary Guard Corps (IRGC) to target strategic energy infrastructure in the region. In a post on X, a top adviser to Iranian Parliament Speaker Mohammad Bagher Ghalibaf described Saudi Arabia as a “main instigator” alongside Israel, warning of significant economic repercussions. Meanwhile, Saudi Arabia’s Ministry of Defence said its air defence systems intercepted several incoming missiles aimed at the Eastern Province, stating that seven ballistic missiles were successfully neutralised.]]> Moneycontrol.com Team Moneycontrol.com en-us Moneycontrol.com Tuesday, Apr 07, 2026 07:22 AM https://images.moneycontrol.com/static-mcnews/2026/04/20260407015158_Jubail-fire.jpg Iranian missiles and drones hit Saudi Arabia’s Jubail industrial hub, massive fires reported| Watch https://www.moneycontrol.com/education/karnataka-2nd-puc-result-2026-not-today-why-kseab-will-not-announce-class-12-result-on-april-7-article-13881754.html Karnataka 2nd PUC Result 2026 NOT today: Why KSEAB will not announce class 12 result on April 7 https://www.moneycontrol.com/education/karnataka-2nd-puc-result-2026-not-today-why-kseab-will-not-announce-class-12-result-on-april-7-article-13881754.html When Will the Result Be Declared? The KSEAB has stated that a new result date will be announced shortly on its official websites. Sources within the board have revealed that the technical infrastructure is fully prepared:
  • Marks have already been uploaded.
  • Result links are ready for activation.
  • Final approval from the Election Commission is the only pending requirement.
Once the green light is given, results are expected to be released within a matter of hours. Students are advised to keep their login credentials (registration number and date of birth) ready for immediate access. Result Websites to Monitor Students should regularly check the following official portals for updates:
  • kseab.karnataka.gov.in
  • karresults.nic.in
Exam Statistics: 2026 Session The KSEAB conducted the 2nd PUC examinations from February 28 to March 17, 2026. A total of 7,10,363 students from 5,174 pre-university colleges registered for the exams. The breakdown includes: Fresh candidates: 6,46,801 Repeaters: 50,540 Private candidates: 13,022 In the previous academic year (2025), the 2nd PUC results were declared on April 8, following exams held from March 1 to March 20. The overall pass percentage stood at 69.16%, with 4,76,256 students clearing the exams out of 6,88,678 who appeared. Given that the 2026 exam schedule is similar to last year’s, officials remain confident that results will be declared soon after the election restrictions are lifted, likely within the next week. For the latest verified information on the Karnataka 2nd PUC Result 2026, continue checking the official board websites.]]> Moneycontrol.com Team Moneycontrol.com en-us Moneycontrol.com Tuesday, Apr 07, 2026 07:21 AM https://images.moneycontrol.com/static-mcnews/2026/04/20260407015035_Karnataka-2nd-PUC-Result.png Karnataka 2nd PUC Result 2026 NOT today: Why KSEAB will not announce class 12 result on April 7 https://www.moneycontrol.com/world/iran-counters-us-offer-with-10-point-peace-plan-what-it-wants-article-13881753.html Iran counters US offer with 10-point peace plan: What it wants https://www.moneycontrol.com/world/iran-counters-us-offer-with-10-point-peace-plan-what-it-wants-article-13881753.html Here’s a look at Iran’s 10-point plan
  • Guarantee that Iran will not be attacked again
  • Permanent end to the war, not just a ceasefire
  • End to Israeli strikes in Lebanon
  • Lifting of all US sanctions on Iran
  • End to all regional fighting against Iranian allies
  • In return, Iran would open the Strait of Hormuz
  • Iran would impose a Hormuz fee of $2 million per ship
  • Iran would split these fees with Oman
  • Iran to provide rules for safe passage through Hormuz
  • Iran to use Hormuz fees for reconstruction instead of reparations
US proposal ‘excessively demanding’ Earlier, Iran described the 15-point proposal from the US to end the conflict in West Asia and to open the strategic Strait of Hormuz as "excessively demanding", stating that it has prepared its own set of demands to end hostilities, which have entered the second month now. According to the Iranian foreign ministry, the US proposal - reportedly delivered through mediators - is too onerous and unrealistic for Tehran to accept. The ministry, in a statement, noted that Tehran has now compiled and formalised its own demands, signalling that negotiations will proceed only if these conditions are met. It also said that the possibility of a recent "pilot rescue in Isfahan" in central Iran being a deceptive operation aimed at seizing Tehran's enriched uranium cannot be ignored. Meanwhile, Trump has threatened to target Iran’s power plants and bridges Tuesday if the Strait of Hormuz is not reopened. "Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!!" Trump said in a Truth Social post, referencing the vital shipping lane that Tehran has effectively closed since the US and Israel launched attacks on Iran more than a month ago. He followed up with a precise deadline, writing: “Tuesday, 8:00 P.M. Eastern Time!"]]> Moneycontrol.com Team Moneycontrol.com en-us Moneycontrol.com Tuesday, Apr 07, 2026 07:17 AM https://images.moneycontrol.com/static-mcnews/2026/04/20260402104441_Iran-IRGC-force.png Iran counters US offer with 10-point peace plan: What it wants https://www.moneycontrol.com/world/iran-adviser-warns-trump-has-20-hours-to-surrender-or-his-allies-will-return-to-stone-age-article-13881751.html Iran adviser warns Trump has '20 hours' to surrender or 'his allies will return to Stone Age' https://www.moneycontrol.com/world/iran-adviser-warns-trump-has-20-hours-to-surrender-or-his-allies-will-return-to-stone-age-article-13881751.html

ایران جنگ‌ را به وضوح و آشکارا برده و فقط پایان بندی را می پذیرد که دستاوردهای آن را تثبیت و رژیم امنیتی جدیدی در منطقه خلق کند. صورت درست مسئله این است: این ترامپ است که حدود ۲۰ ساعت فرصت دارد یا تسلیم ایران شود یا متحدانش به عصر پارینه سنگی بازخواهند گشت. ما کوتاه نمی آییم!

— Mahdi Mohammadi (@mmohammadii61) April 6, 2026 Iran’s army also reinforced that message from Tehran, rejecting what it called the US president’s “arrogant rhetoric.” A spokesperson for the Khatam al-Anbiya central command stated that “the rude, arrogant rhetoric and baseless threats of the delusional US president... have no effect on the continuation of the offensive and crushing operations of the warriors of Islam against the American and Zionist enemies.” Another military statement described Trump’s warnings as “delusional,” adding they could not compensate for what it termed the US “disgrace and humiliation” in the region. Meanwhile, Trump claimed the US had “numerous intercepts” suggesting some Iranians were urging continued strikes, saying, “Please keep bombing, do it.” He also warned of the “complete demolition” of Iran’s infrastructure, including power plants and bridges, if Hormuz remains closed. Despite ongoing backchannel communication, Trump described Iran’s response to a ceasefire proposal as “significant,” but ultimately “not good enough.”]]> Moneycontrol.com Team Moneycontrol.com en-us Moneycontrol.com Tuesday, Apr 07, 2026 07:14 AM https://images.moneycontrol.com/static-mcnews/2026/04/20260406164927_trumpaddressnew.png Iran adviser warns Trump has '20 hours' to surrender or 'his allies will return to Stone Age' https://www.moneycontrol.com/education/world-health-day-2026-gurgaon-teen-innovators-build-rs-3-500-wearable-ecg-prototype-for-heart-monitoring-article-13881735.html World Health Day 2026: Gurgaon teen innovators build Rs 3,500 wearable ECG prototype for heart monitoring https://www.moneycontrol.com/education/world-health-day-2026-gurgaon-teen-innovators-build-rs-3-500-wearable-ecg-prototype-for-heart-monitoring-article-13881735.html From personal motivation to a larger health concern The idea for ArryhthmiX emerged from a mix of personal experiences and broader research into cardiac health. “Our families have had instances of heart attacks, and when we started researching, we realised how widespread the issue really is,” said Daksh Vohra, who worked on hardware design and machine learning for the project. According to the students’ research, a significant proportion of deaths in India are linked to cardiac issues, prompting them to explore whether early signals in heart rhythm could be tracked more proactively. How the device works ArryhthmiX ArryhthmiX ArryhthmiX is built as a wearable ECG monitor that continuously records heart signals and processes them through a custom machine learning model. The device integrates multiple components, including:
  • An ECG sensor to capture heart signals
  • A microcontroller for processing
  • An inertial measurement unit (IMU) to track motion
  • Battery monitoring systems within a custom-built PCB
The ECG waveform is filtered and denoised before being fed into the model, which analyses patterns and generates risk indicators based on irregular rhythms. To train and validate their approach, the students used publicly available medical datasets such as MIT PhysioNet, commonly used in physiological signal research. Early-stage internal testing and observations ArryhthmiX Device ArryhthmiX Device The team conducted internal testing in multiple stages under faculty supervision. Initial trials were carried out on team members, followed by extended testing on a heart patient over several hours across multiple days. The students say they compared their readings with hospital ECG reports to check for alignment. The device was also tested in different real-life scenarios, including sitting, walking, lying down, and light physical activity, to improve motion-related noise handling. “Testing the device in motion was crucial since it is meant to be worn throughout the day. That helped us refine our denoising algorithm,” said Ishaan Adhikari, who worked on software development and system design. While these early observations were encouraging, the team acknowledges that the device requires broader testing and further validation. Overcoming technical challenges One of the key challenges the team faced was ensuring consistent signal quality. Early prototypes struggled with unreliable readings due to electrode limitations. To address this, the students developed a custom electrode patch using breathable fabric, which improved both comfort and signal consistency. They also experimented with an electrode belt for alternative usage. Developing an accurate yet efficient machine learning model was another major hurdle, requiring months of iteration and testing. “It took us hundreds of hours over nearly six months to reach a working prototype,” the team noted. Cost advantage and accessibility One of the standout aspects of the project is its cost. The prototype currently costs approximately Rs 3,550 to build, with the printed circuit board accounting for a significant portion of the expense. The team estimates that costs could reduce by over 30 percent if the device were produced at scale. This positions ArryhthmiX as a potentially more accessible alternative to high-end wearable ECG devices such as Apple Watch ECG, though the students emphasise that their device is still under development. Limitations and the road ahead Despite promising early results, the team is clear about the limitations of their current prototype. They are working to:
  • Improve battery life and user comfort
  • Enhance the companion mobile application
  • Train their model on larger and more diverse medical datasets
  • Incorporate additional variables such as age and gender into risk analysis
The students describe ArryhthmiX as a “working prototype that is still evolving,” with several components ready but others still being refined. Mentorship, ethics and responsible testing The project was developed as part of the school’s capstone programme, which encourages students to solve real-world problems through technology. According to mentor Nitesh Kumar, Head of the Computer Science Department, the process involved structured guidance across research, design, and testing stages. Importantly, all internal testing followed ethical safeguards, including informed consent, non-invasive procedures, and data privacy protocols. The school also facilitated external exposure, including consultations with medical professionals and a visit to Medanta hospital to better understand ECG systems in practice. Beyond the classroom The students are now looking to take ArryhthmiX beyond the school level, with plans to showcase it at national and potentially international platforms. Further development, including deeper medical validation and technical refinement, remains a key focus. While ArryhthmiX is not yet clinically validated, its development highlights how early exposure to STEM education is enabling students to engage with complex healthcare challenges in meaningful ways, an idea that resonates strongly with the spirit of World Health Day.]]> Moneycontrol.com Team Moneycontrol.com en-us Moneycontrol.com Tuesday, Apr 07, 2026 07:08 AM https://images.moneycontrol.com/static-mcnews/2026/04/20260407012723_world-health-day-pic.jpg World Health Day 2026: Gurgaon teen innovators build Rs 3,500 wearable ECG prototype for heart monitoring https://www.moneycontrol.com/news/business/markets/first-tick-top-global-cues-to-watch-in-today-s-trade-129-13880910.html First Tick: Top global cues to watch in today’s trade https://www.moneycontrol.com/news/business/markets/first-tick-top-global-cues-to-watch-in-today-s-trade-129-13880910.html GIFT Nifty right here on Moneycontrol. The Indian benchmark indices ended with a gain of more than 1 percent in a volatile session, extending their gains for the third straight day, with the Nifty finishing near 23,000 mark amid buying seen across the sectors, barring media and oil & gas. At close, the Sensex was up 787.30 points or 1.07 percent at 74,106.85, and the Nifty was up 255.15 points or 1.12 percent at 22,968.25. Here is how financial markets across the globe fared overnight: GIFT Nifty (Down) GIFT Nifty was trading marginally lower at the 22,966 mark, indicating a flat to negative start for Indian equity indices. Asian Equities (Up) Asian markets were trading higher in the early Tuesday, tracking Wall Street gains, as traders continued to assess Iran war-related developments. US Equities (Gain) US stocks advanced on Monday as investors looked for ​signs of progress toward a U.S.-Iran ceasefire deal and evaluated President Donald Trump's progressively heated threats of escalation should Iran fail ‌to reopen the Strait of Hormuz. The Dow Jones Industrial Average rose ​165.21 points, or 0.36%, to 46,669.88, ​the S&P 500 gained 29.33 points, ⁠or 0.45%, to 6,612.02 and the Nasdaq Composite gained 117.16 points, or 0.54%, to 21,996.34. Dollar Index (Up) The dollar stood just shy of recent highs on Tuesday as traders counted down to a U.S.-imposed deadline for Iran to open the Persian Gulf to shipping or face attacks on its infrastructure. US Bond Yield (Down) The yield on the U.S. 10-year Treasury and the 2-year U.S. Treasury down marginally at 4.32% and 3.83%, respectively. Asian Currencies (Down) Among Asian currencies except China Renminbi, all other currencies were trading lower in the early Tuesday trade. Crude (Rises) Oil prices extended gains on Tuesday as U.S. President Donald Trump heightened his rhetoric against Iran, threatening stronger action if the country fails to reopen the Strait of Hormuz, a key global oil transit chokepoint. Gold (Flat) Gold steadied after a two-day decline, as traders weighed US President Donald Trump’s latest threat to destroy Iranian infrastructure and the impact of a protracted war on inflation and economic growth. Fund Flow Action Foreign Institutional Investors (FIIs) continued their selling on April 6, as they offloaded equities worth ₹8167 crore. On the other hand, Domestic Institutional Investors (DIIs) bought equities worth over ₹8,000 crore. Hope you're all set for today's trade. We wish you a profitable day ahead. Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.]]> Moneycontrol.com Team Moneycontrol.com en-us Moneycontrol.com Tuesday, Apr 07, 2026 07:04 AM https://images.moneycontrol.com/static-mcnews/2026/04/20260406061126_Sensex_market_Nifty.jpg First Tick: Top global cues to watch in today’s trade https://www.moneycontrol.com/news/business/markets/selective-value-emerges-after-recent-corrections-even-as-earnings-risks-continue-to-temper-optimism-13881469.html Selective value emerges after recent corrections, even as earnings risks continue to temper optimism https://www.moneycontrol.com/news/business/markets/selective-value-emerges-after-recent-corrections-even-as-earnings-risks-continue-to-temper-optimism-13881469.html Corrections across the board Data shows that more than 68% of the Nifty 500 is now trading below its peak valuation multiples.  Brokerage Elara Capital, in a recent report by Garima Kapoor, noted that the Nifty 50 is trading at about 17.3 times one-year forward earnings, around 7% below its 10-year average, a level that has historically acted as a floor outside of extreme shocks. Barring disruptions such as COVID-19, experts say that markets have typically rebounded from these valuation zones, even as near-term volatility persists. The current phase marks a shift from a liquidity-driven rally to a more earnings- and valuation-led market, increasing the importance of stock selection, they add. Large caps, which until recently traded at a premium, are beginning to look more attractive even in absolute terms. “Large caps are now at roughly a 17% discount to their 10-year average, compared with a 10–15% premium earlier,” said Chirag Setalvad of HDFC Asset Management Company in a recent webinar. The adjustment has been sharper in mid- and small-caps. Indices have corrected, with mid-caps down about 15% from their peak and small caps over 20%, but the valuation reset has been deeper when factoring in both price and time. “Taken together, price and time corrections imply a 40–45% reset in valuations in mid- and small-caps,” Setalvad said, adding that premiums of 50–60% seen earlier have largely eroded, bringing valuations closer to historical averages. He noted that this has led to a shift in stance from being negative earlier to more neutral, with pockets turning attractive. That improving backdrop is also being reflected in positioning by fund houses. “We are dropping our conservative stance on equities,” Sahil Kapoor of DSP Mutual Fund recently told Moneycontrol. Kapoor said the correction in mid- and small-caps, along with time-led earnings growth, has significantly eased valuation excesses, even as stock-level declines have been sharper than indices. For instance, while mid- and small-cap indices are down 15–20%, nearly 40% of stocks in these segments have corrected 30–40% or more, creating a more favourable entry point selectively, he noted. Even ICICI Prudential AMC, in an update to its Equity Valuation Index, also noted that market valuations have eased from elevated levels post recent corrections “One can consider investing in equities in a staggered manner through SIP STP in schemes that have the flexibility to maneuver across sectors market cap. Since market volatility may persist given geo political tensions, we continue to recommend investing in Hybrid Asset Allocation schemes,” they said. Valuations see improvements across the board Data shows that, the correction can be seen across sectors. For example, cement and consumption names such as ACC and Bata India now trade at about 10.9 times (from 22.6 times) and 25.8 times (from over 62 times) respectively. In financials, Bajaj Finance has moderated to 31.6 times from around 40 times, while Angel One has declined to 19.4 times from 30.4 times. Large-cap bellwethers are also seeing valuation normalisation. HDFC Bank now trades at about 15.7 times versus 25 times at peak, while ICICI Bank is at 16.7 times from 19.8 times. IT majors such as Infosys and TCS are trading near 18–17 times, down from the mid-20s. Opportunity with caution The result is a market that is cheaper, but not unequivocally cheap. Bernstein in a recent note added that the Nifty 50 is still pricing in long-term free cash flow growth of about 10.5%, among the lower levels seen over the past decade, but not yet at trough levels. While headline valuations have corrected, part of the reset has been offset by earnings downgrades, limiting the extent of the market’s apparent cheapness. At the same time, a growing divergence beneath the index is becoming evident. Bernstein flagged clearer opportunities at a sector level rather than across the board with IT and energy appearing relatively more attractive after recent corrections, while financials, telecom and power offer more balanced risk-reward for medium-term positioning, even as earnings visibility remains uneven. “Despite the roughly 15% correction this year, stocks are not as inexpensive as they were two years ago,” the brokerage added. Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. ]]> Moneycontrol.com Team Moneycontrol.com en-us Moneycontrol.com Tuesday, Apr 07, 2026 07:00 AM https://images.moneycontrol.com/static-mcnews/2026/04/20260406061126_Sensex_market_Nifty.jpg Selective value emerges after recent corrections, even as earnings risks continue to temper optimism