Textiles major Welspun Living on Friday announced a share buyback worth Rs 252 crore through the tender route at a buyback price of Rs 175 per share, implying a premium of more than 30% over the previous closing price.

In an exchange filing, the company announced that its board of directors has approved the proposal to buy back 144 lakh fully paid-up shares of the company with a face value of Re 1 each for an aggregate amount not exceeding Rs 252 crore. This represents 6.52% of the company’s total paid-up equity share capital and 5.65% of the free reserves.

Record date for Welspun Living share buyback

The record date to determine the eligibility for shareholders who can tender shares in the buyback has been fixed on May 22.Welspun Living further said that the board has formed a buyback committee to oversee the corporate action. It has appointed DAM Capital Advisors as the manager of the buyback.

This comes after Welspun Living undertook a Rs 278 crore share buyback via the tender route back in August 2024. The buyback price for the offer was fixed at Rs 220 apiece. Share buyback refers to a corporate action where a company repurchases its own shares from existing shareholders, mostly at a premium to the market price.

Welspun Living Q4 Results

Along with the share buyback, Welspun Living on Friday announced its results for the January-March quarter of the financial year 2026. The company’s net profit declined more than 21% to Rs 104 crore in Q4 FY26, as against Rs 132 crore in the corresponding quarter of the previous financial year.The textile company’s revenue from operations, meanwhile, declined around 8% YoY to Rs 2,435 crore in Q4 FY26 from Rs 2,646 crore in the same quarter last year. EBITDA fell around 17% YoY to Rs 265 crore, while EBITDA margin contracted to 10.8% during the quarter under review.

Welspun Living share price

Despite the sharp decline in earnings, Welspun Living shares jumped 3% to trade at Rs 138 apiece on NSE after the buyback announcement, as seen at 2.20 pm. The shares of the company have gained over 4% in one week and 12% in one month. The stock is overall up 6% in 2026 so far.

In the longer term, the stock has jumped 50% in three years and 38% in five years. The company has a market capitalisation of Rs 13,200 crore.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Mumbai: Reserve Bank of India has asked banks to disclose the amount of deposit insurance premium paid to the Deposit Insurance and Credit Guarantee Corporation (DICGC), in their annual report. In case any bank has not paid the insurance premium, the same also has to be disclosed in its annual report. The new disclosures shall come into force from April 1, 2026, the RBI said.

Bitcoin’s recent price action may be showing its first signs of relief as a closely watched indicator tied to US demand has just changed direction. The Coinbase Premium Gap has moved back into positive territory following nearly 10 weeks of persistent negative readings, a stretch that coincided with Bitcoin’s decline from around $95,000 to below $65,000 in February.

Coinbase Premium Turns Positive

The Coinbase Premium Gap, which measures the price difference between Bitcoin on Coinbase, the primary exchange for US-based institutional and retail investors, and its price on offshore platforms such as Binance, stayed in negative territory for the entirety of Bitcoin’s correction from $95,000 to the mid-$60,000 range. 

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Whenever the Coinbase Premium Gap is negative, it usually means that traders in the United States are selling Bitcoin at a faster pace than buyers are stepping in. A positive gap indicates the opposite dynamic of demand from US investors pushing Coinbase prices higher relative to the price in the global market. 

Notably, the metric entered a sustained negative zone on January 1 and held there through March 7, which is a period during which US spot demand was largely absent among crypto investors

At its worst, the gap reached -175 on February 2, coinciding with the most severe phase of Bitcoin’s price crash. At the time of writing, the Coinbase Premium Gap has now turned positive, registering a reading of +25.4 according to data shared by CryptoQuant analyst @IT_TECH_PL. The reversal of the Coinbase Premium Gap from a low of -175 to a positive reading is the first step in a meaningful change in market structure. 

Chart Image From X. Source: @IT_TECH_PL

The current reading, while still early and modest relative to the depth of the prior negative regime, is the first consistent sign that American spot demand may be returning to Bitcoin. It shows that those same participants may be slowly accumulating Bitcoin again compared to the rest of the world. However, the broader structure of Bitcoin’s price action still leaves room for further downside before the formation of a definitive bottom.

Bitcoin Could Still Drop To $50,000 Before Bottom

Although a few on-chain signals are slowly turning constructive, a few analysts are cautious before declaring the broader correction over. A technical analysis from crypto analyst Ted Pillows points to a longer-term technical indicator that has always coincided with Bitcoin bottoms.

According to his observation, the last two major bear-market lows occurred below the 300-week exponential moving average (300W EMA). In both cases, Bitcoin fell more than 15% beneath the indicator before the final bottom was established.

Bitcoin Price Chart. Source: @TedPillows On X

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Bitcoin’s 300-week EMA is currently around $57,100. Applying the same pattern would imply a possible move to around $50,000, which would represent a decline of roughly 15% below the indicator. Nonetheless, this projection does not guarantee that Bitcoin will revisit that level before forming a bottom.

Featured image from Pexels, chart from TradingView

ET Intelligence Group: Valuations of Indian equities have eased after the recent sell-off but that may still not be enough to lure foreign funds back here as the country’s main share indices continue to trade at a premium to emerging market peers.

At the end of Tuesday’s trading session, the NSE Nifty 50 and the BSE Sensex had a trailing price-earnings (P/E) multiple of 21.2 times and 21.3 times, respectively. This compares with their P/Es of 22.8 at the beginning of the current calendar year. The Indian benchmark P/Es have softened from the levels of over 23 two years ago. This shows the market is cheaper than it used to be, tempering investor concerns of excessive valuations, which, along with slowing growth, has contributed to foreign investors’ risk-aversion towards India.

The valuation premium of Indian benchmarks has now narrowed with respect to nine out of 12 major global equity indices. For Instance, Nifty’s premium over the Hong Kong benchmark has reduced to 1.8 times from 2.3 times at the beginning of the year. The premium with respect to the German DAX and French CAC 40 has fallen to around 1.2 from 1.5 by similar comparison. In the case of other benchmarks, including the US Dow Jones and S&P 500, Indian benchmarks continue to trade at a marginal discount, as they did earlier.

The benchmarks have shed over 8% in 2026 so far, including a 4% drop since the beginning of March as investors turn cautious amid the rising concerns over the impact of the West Asian conflict between Iran and Israel. On a year-to-date basis, India has the second-worst performing equity market among major markets in the world behind Indonesia where the local benchmark has lost 14%.

Ethereum has remained locked in a consolidation phase below the $2,000 level since the sharp market decline seen in early February. Despite occasional rebound attempts, price action continues to reflect caution among traders, with volatility elevated and momentum limited. The inability to reclaim this psychological threshold has reinforced a defensive market posture, as investors weigh macro uncertainty, liquidity conditions, and broader crypto sentiment.

A recent CryptoQuant report provides additional context from an on-chain perspective. According to the analysis, the Ethereum Coinbase Premium Index has stayed predominantly in negative territory, signaling relatively weak demand from US-based investors. This metric compares spot prices on Coinbase with those on other major exchanges, offering insight into regional buying pressure. Persistent negative readings suggest that aggressive spot accumulation from US participants has been largely absent during the current corrective phase.

This pattern aligns with the broader technical structure visible on price charts, where rallies have struggled to gain follow-through. While consolidation does not necessarily imply further downside, sustained weakness in spot demand typically delays recovery phases, leaving Ethereum sensitive to shifts in liquidity, macro conditions, and investor confidence in the near term.

Coinbase Premium Rebound Signals Potential Shift In Demand

The report further notes that the Coinbase Premium Index has recently shown a noticeable upward rebound. Although the indicator remains below the neutral threshold, the strength of the move suggests that selling pressure from US-based investors may be starting to ease. This shift is relevant because the index reflects the difference between Ethereum spot prices on Coinbase and those on other major exchanges, making it a proxy for regional demand dynamics.

If the current upward momentum continues and the index moves into positive territory, turning green, it would indicate renewed spot buying interest from US market participants. Historically, sustained positive readings have often coincided with phases of stronger accumulation, which can help stabilize price action after periods of corrective pressure.

Such a development could become particularly significant if it aligns with a technical breakout from the triangle structure currently visible on the charts. In that scenario, improving on-chain demand and constructive price structure would reinforce each other. While this does not guarantee an immediate rally, the combination could increase the probability of a more durable recovery phase, especially if broader liquidity conditions and market sentiment also begin to improve.

Shares of KRM Ayurveda were trading at a grey market premium of around 17% ahead of the company’s listing on the NSE SME platform, indicating positive sentiment among informal market participants despite mixed views on valuation. Based on the upper end of the price band at Rs 135 per share, the GMP of about Rs 23 suggests an implied listing price of around Rs 158, if sentiment holds till debut.

The Rs 77 crore IPO, which was entirely a fresh issue, saw very strong demand across investor categories during the subscription window. The issue was subscribed 74.27 times overall, with non-institutional investors bidding 135.37 times, qualified institutional buyers subscribing 63.31 times, and retail investors subscribing 54.21 times. The strong response was seen as a key factor supporting the grey market premium ahead of listing.

KRM Ayurveda offered shares in a price band of Rs 128 to Rs 135, with the issue priced at the upper end. At the issue price, the company is valued at around Rs 287 crore. The IPO consisted of 57.4 lakh shares, with 51.66 lakh shares offered to the public after accounting for the market maker portion.

The company raised Rs 20.82 crore from anchor investors ahead of the issue, which helped set the tone for subscription. The issue was managed by NEXGEN Financial Solutions, with Skyline Financial Services acting as the registrar.

KRM Ayurveda operates a network of hospitals and clinics focused on Ayurvedic healthcare, along with manufacturing and sale of Ayurvedic and herbal products. As of December 31, 2025, the company operated six hospitals and five clinics across India and had a total workforce of 443 employees. Its business also includes telemedicine consultations and product sales, including overseas markets.

Financially, the company reported a profit after tax of Rs 12.1 crore for FY25 and Rs 8.14 crore for the six months ended September 2025. EBITDA margins stood at 26.54%, while return on net worth was 21.84% as of September 2025.

Proceeds from the IPO are proposed to be used for expansion of telemedicine facilities, technology upgrades, repayment of loans, working capital requirements and general corporate purposes.

Oil prices have moved back to the centre of market attention after the United States captured Venezuelan President Nicolas Maduro over the weekend, a development that has already altered sentiment in global crude markets and is likely to shape how Indian equities, the rupee and energy stocks trade when markets open on Monday.

The U.S. action has injected fresh geopolitical risk into oil prices, even as traders weigh the longer-term possibility that Venezuelan supply could return under American oversight, analysts said.

The capture of Venezuela’s president has reintroduced a geopolitical risk premium into oil markets, even as prices remain under pressure after a steep decline last year. Oil prices fell more than 18% in 2025, their sharpest annual drop since 2020, amid growing concerns over global oversupply.

The development comes as OPEC+ meets on Sunday, with the group widely expected to keep output steady despite political tensions between key members Saudi Arabia and the UAE and the U.S. action in Venezuela, OPEC+ delegates told Reuters.

The eight OPEC+ producers—Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria and Oman—pump about half of the world’s oil. They raised output targets by around 2.9 million barrels per day from April to December 2025, equivalent to nearly 3% of global demand, before agreeing in November to pause further hikes for January, February and March. The meeting on Sunday is unlikely to change that policy, three OPEC+ sources told Reuters.

Venezuela holds the world’s largest proven oil reserves at about 303 billion barrels—more than Saudi Arabia—but production has collapsed due to years of mismanagement, underinvestment and sanctions, Reuters noted.

Analysts told PTI that while any immediate jump in Venezuelan output is unlikely given decayed infrastructure and unresolved legal issues, a U.S.-directed overhaul of the sector could eventually add supply to global markets, acting as a stabilising force on prices.What crude volatility means for Indian markets
For Indian markets, the immediate impact will be felt through oil prices.

India imports more than 85% of its crude oil needs, making domestic markets highly sensitive to sharp moves in global prices. Higher oil prices would weigh on the rupee, stoke inflation concerns and pressure interest rate expectations, while supporting upstream producers and hurting oil marketing companies, analysts told PTI.

Conversely, expectations that Venezuelan supply could return to global markets over time may cap the upside in oil prices, offering relief to Indian refiners and fuel consumers.

Indian refiners such as Reliance Industries, Nayara Energy, Indian Oil Corporation, HPCL-Mittal Energy and Mangalore Refinery have the complexity required to process Venezuelan heavy crude efficiently.

State-run ONGC Videsh Ltd (OVL) is also in focus. OVL jointly operates the San Cristobal oilfield in eastern Venezuela, but output has slumped to 5,000–10,000 barrels per day due to sanctions, according to PTI. Venezuela has failed to pay OVL USD 536 million in dividends due on its 40% stake in the field up to 2014, with a near-equivalent amount pending for subsequent years.

Once sanctions are eased, OVL could revive output to 80,000–1,00,000 barrels per day through additional wells and improved equipment, and potentially recover close to USD 1 billion in past dues from export revenues, officials and analysts told PTI.

Strategic upside for India, caution in the near term
Analysts cited by PTI said a US-led restructuring of Venezuela’s oil sector—bringing capital, technology, and operational discipline, could lift production significantly within a year, adding supply to global markets and reshaping crude trade flows.

For India, renewed Venezuelan exports would offer a strategic alternative to Middle Eastern crude, reduce exposure to geopolitical shocks, and strengthen its hand in price negotiations.

For now, however, Indian markets are likely to take their cue from crude price movements when trading resumes on Monday, with oil-driven volatility—rather than immediate supply gains—setting the tone at the open, analysts said.

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Since the market-wide crash in early October, the Bitcoin price has struggled to resume any significant movement to the upside. The flagship cryptocurrency has continued to fall even deeper into bearish territory, breaching multiple support zones in the process.

With the crypto market’s situation painting a bleak picture, the prevailing sentiment around its leader can hardly be said to be bullish. Interestingly, a recent on-chain evaluation puts into perspective the key players behind Bitcoin’s weakness.

BTC Coinbase Premium Gap Reads –$57

In a recent post on the social media platform X, on-chain analyst Maartunn shared that a substantial portion of sell pressure seen in the Bitcoin market might be from the activities of US investors. This on-chain observation is based on the Coinbase Premium Gap metric, which measures whether US based investors are buying or selling Bitcoin more aggressively than the rest of the global market. 

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For context, the metric tracks the price gap between Bitcoin on Coinbase and Bitcoin on major offshore exchanges (for example, Binance). A positive reading typically indicates that Bitcoin is more expensive on Coinbase, meaning that US traders are buying aggressively. On the other hand, negative readings are interpreted as increased sales or reduced interest among investors in the United States. 

According to the analyst, the Coinbase Premium Gap recently dropped to a -$57 reading. As has been earlier implied, this deep negative value reveals that traders from the US are actively offloading, rather than accumulating Bitcoin. 

Interestingly, this heightened selling activity accompanies Bitcoin’s price momentum towards lower levels. Thus, it becomes clear that the sell-pressure reflected on Bitcoin’s price is due mainly to the absence of US demand. 

BTC Market Outlook

According to historical data, Bitcoin’s direction in the long-term could go either way. While a negative Coinbase Premium Gap reading is usually indicative of a bearish phase in the short term, the long-term perspective is a little less straightforward. 

In past cycles, prolonged periods of negative readings have preceded the formations of market bottoms, after which prices saw recoveries to the upside. This often happens when sell-side pressure dwindles, and fresh demand enters the Bitcoin market. 

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Hence, if this negative reading deepens and there is no fresh demand in the market, the Bitcoin price could follow suit and continue south. However, a reversal of the Coinbase Premium Gap to the upside — pushing it towards neutral or positive levels — could prove pivotal for the world’s leading cryptocurrency. 

As of this writing, Bitcoin holds a valuation of $88,260, reflecting no significant price movement in the past day. 

Featured image from Dall-E, chart from TradingView