Whalesbook
Okay, toh Indian markets mein aaj thoda mila-jula scene hai. GIFT Nifty futures toh positive start ka ishara de rahe hain, par overall mood thehra hua hai. Iska sabse bada reason hai US ka naya move – unhone Indian solar products par 125.87% tak ke countervailing duties laga di hain. Yeh exports ke liye bahut badi maar hai, kyunki US toh India ke solar imports ka lagbhag two-thirds leta tha, matlab $4.5 billion ka business tha ye! Yaar, February 2026 mein ek trade deal bhi hui thi jisme tariffs kam the, aur uske baad bhi India ke solar exports US mein pehle hi 35% gir chuke the. Ab toh companies ko naye markets dhoondhne padenge ya local demand badhani padegi. Aur haan, India apni solar cells aur wafers ke liye China par depend karta hai, toh supply chain ka risk bhi hai.
Ab baat karte hain IT sector ki. Hamari apni Infosys ne Q4 FY26 ke results diye hain, aur EPS $0.23 aur revenue $5.04 billion aaya hai, jo analysts ki expectations se better hai. Lekin, pata hai kya? Pre-market trading mein unke ADRs 5.49% gir gaye! Isse lagta hai ki sirf results achhe hone se kaam nahi chalega, investors kuch aur hi soch rahe hain. Infosys ne FY27 ke liye revenue growth 1.5% se 3.5% ka estimate diya hai, jo thoda slow growth dikha raha hai.
Company valuations ki baat karein toh, Infosys ka P/E ratio abhi 18.25 hai, Wipro ka 16.13, aur TCS ka 17.73. Ye Accenture ke 15.6 se zyada hai aur IBM ke 22.2 ke aas paas. Toh Infosys ke results par market ka reaction dikhata hai ki investors ab growth aur profit margins par zyada dhyan de rahe hain.
FIIs (Foreign Institutional Investors) toh 2026 se hi selling kar rahe hain. Is April mein hi unhone lagbhag ₹39,224 crore nikal liye hain. Wahi, DIIs (Domestic Institutional Investors) buyback kar rahe hain, April mein ₹29,696 crore invest kiye hain. Ye DIIs ka support market ko sambhal raha hai.
Solar sector ke liye sabse bada risk toh yeh US tariffs hi hain, jo Indian products ko mehnga bana denge. Aur IT sector mein growth slow hona, competition aur profit margins par pressure toh hai hi. Agar Infosys ki FY27 forecast dekhein toh operating margins 20% se 22% rehne ka andaaza hai, jo dikhata hai ki growth toh slow hai. India ka renewable energy target 500 GW by 2030 hai, aur government PLI schemes se domestic manufacturing ko support kar rahi hai. Dekhte hain ye tariffs aur market sentiment aage kya rang dikhate hain.