Q) Thanks for taking the time out. FY26 returns have turned negative due to geopolitical concerns around West Asia. How do you sum up the financial year?

A) FY26 was a year in which resilient domestic macro-economic fundamentals were overshadowed by external shocks. US reciprocal tariffs, AI disruption for Indian IT stocks and now the West Asian crisis has hemorrhaged the markets.

Given that the shocks are exogenous – flows have been severely impacted. Outflows at USD 19.7bn has been debilitating. However, there is a silver lining.

With all the noise of the INR depreciation and resultant worries – it has become reasonably valued. The trend of outflows should reverse at some point during the fiscal given this backdrop.

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Q) As we head towards FY27, what are the key triggers investors should keep in mind that could lead to a market reversal or return of bullish sentiment?
A) Over the last two years valuations had been our Achilles heel. After the sharp cuts – the Nifty is in a bounce zone. At ~17.3x, Nifty trades 7% below its 10-year average of ~18.6x, placing it in a historical “bounce zone”.
Outside of extreme disruptions like COVID-19, this level usually acted as a floor for valuation. Even during the Russia–Ukraine conflict, despite Brent sustaining above USD 100/bbl, Nifty multiples bounced back from 10-year rolling averages.This is a big positive. With strong fundamentals – a quick de-escalation should see a whipsaw in the markets.

Q) Which sectors should be on investors’ radar for FY27?
A) Large-cap auto stocks, have corrected sharply, witnessing a ~17% drawdown since the onset of the US-Iran conflict. While near-term concerns persist around input cost pressures from elevated commodity prices and potential demand moderation in the event of a prolonged conflict triggering an inflation shock for consumers, underlying retail data remains robust and encouraging.

Additionally, 18 out of the 19 utility stocks under our coverage have outperformed the Nifty 50 in current drawdown, underscoring the sector’s relative resilience.

The escalating conflict is expected to accelerate India’s electrification cycle, while surging data centre capex is driving incremental power demand.

This positive backdrop is further supported by the likely passage of the New Electricity Amendment Bill, which will unlock structural reforms in the sector.

Consequently, power generation, transmission, distribution, and data centre-linked plays are emerging not merely as defensive anchors but as clear structural beneficiaries in the medium to long term.

Q) How should one approach gold and silver in the new financial year?
A) Gold is store of value and should stay that way. At some levels its also viewed as hedge. There could be a bounce trade once the dollar starts to weaken again but beyond that I am not sure whether we are going to see a rally like last year.

For country that is witnessing strong nominal growth and emergence of new sectors – stronger compounding exists in equities.

Q) Do you think there are certain sectors that have already corrected and are now available at attractive valuations?
A) Beyond Auto and Power – IT services, Banks and real estate offer meaningful valuation comfort.

Banks trade at ~1.4x P/B (FY28E), a ~31% discount to their 10-year median. Autos, post the recent correction, are at ~19.5x, about a 5% discount to the 5-year median, offering an attractive entry point.

IT services also stand out, at ~16.4x FY28 P/E, the sector trades at a 20%/31% discount to its 10-year/5-year medians, respectively. With no material disruption to revenue streams and margins so far from the AI transition, the medium-term risk-reward appears attractive.

Q) How are we positioned against peers in terms of valuations?
A) India still trades at a premium to peers, but the gap has normalised meaningfully from 2024 extremes. The MSCI India premium to MSCI EM has moderated to ~60%, closer to its 10-year average, from peaks above 100% in August 2024, indicating that excess froth has largely been corrected.

Even so, on a 2-year forward P/E basis, India at 15.7x remains above MSCI EM at 10.3x. This premium is partly justified by stronger fundamentals.

India offers ~22% USD EPS CAGR over CY25–27E with ~15.7% ROE, at par with most global markets. In contrast, China trades cheaper but with lower returns (~10.4% ROE), while Korea’s low valuations reflect a more cyclical and concentrated earnings profile.

Overall, India remains a premium market, but the premium now appears more aligned with its growth visibility, return profile, and macro stability.

Q) Will FII flows reverse in FY27? How are you interpreting both domestic and global flows?
A) Our base case is that FII flows can improve in FY27, but a sharp, linear reversal looks less likely.

Domestic fundamentals are turning supportive: nominal GDP is recovering, earnings growth is broadening, valuation premiums have moderated, and trade-related overhangs have eased.

Historically, FPI flows have tracked nominal growth cycles, which supports a gradual return. A durable reversal in FPI inflows will require three conditions: softer energy prices, a stable rupee, and continued earnings strength. Until then, flows are likely to improve in phases and remain episodic in nature.

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

NEW YORK — The New York Times Wordle puzzle #1752 on Monday, April 6, 2026, challenged players with a five-letter word tied to solemn promises and legal oaths, testing vocabulary and strategic guessing in the enduring daily word game.

Wordle, the simple yet addictive online puzzle where players have six attempts to identify a hidden five-letter word, remains a morning ritual for millions worldwide. Created by Josh Wardle and acquired by The New York Times in 2022, the game delivers one new challenge each day with color-coded feedback: green for correct letters in the right position, yellow for correct letters in the wrong spot and gray for letters not in the word at all.

For Monday’s edition, the solution was SWORN. The word, the past participle of “swear,” commonly appears in contexts like “sworn testimony” or “sworn enemies,” referring to something affirmed under oath or pledged with conviction. According to dictionary definitions, it describes a commitment or declaration made solemnly, such as when a witness is “sworn in” before testifying in court.

Solvers who opened with strong starter words like “SLATE,” “CRANE” or “RAISE” often spotted the “S” and “N” early, narrowing possibilities quickly. One effective hint shared across gaming sites: the word begins with “S,” ends with “N,” contains just one vowel and features five unique letters with no repeats. It functions as both a verb form and adjective, with synonyms including “promised” and, in some usages, “cursed.”

Difficulty hovered around average for the puzzle, with many players reporting solves in three to four guesses. The New York Times’ internal data and community feedback placed the average around 3.9 attempts, making it neither the easiest nor toughest of recent weeks but still demanding careful elimination of wrong letters. Players who tried “SWORD” as a guess frequently saw useful yellow feedback on the “S,” “W” and “R,” guiding them toward the correct “SWORN.”

Wordle’s enduring appeal lies in its accessibility and lack of pressure — no timers, no ads interrupting play and a single puzzle shared globally each day. The sharing feature, which generates emoji grids of colored squares without spoiling the word, fuels social media conversations as friends and family compare streaks and strategies. On April 6, posts flooded platforms with everything from “three in a row” celebrations to lighthearted complaints about missing the oath-themed answer.

The puzzle arrived as Wordle continues evolving under NYT stewardship, with the company maintaining strict rules on acceptable solutions to keep gameplay fair and family-friendly. Monday’s word avoided obscure terms, sticking to common English while still offering a satisfying “aha” moment for those who connected it to courtroom dramas or solemn vows.

For those seeking hints before the full reveal, early clues included thinking about legal or formal commitments, focusing on words with a strong consonant structure and considering past-tense forms of common verbs. The word has more consonants than vowels, a trait that helped narrow guesses once initial attempts revealed the vowel placement.

Wordle #1752 followed Sunday’s puzzle, which featured “ENVOY,” continuing a streak of relatively straightforward but thoughtfully chosen words. Players maintaining long streaks appreciated the Monday offering, as “SWORN” rewarded logical deduction without relying on rare vocabulary. Educators often highlight such puzzles for building language awareness, pattern recognition and resilience when early guesses go awry.

The game’s popularity shows no signs of waning nearly four years after its viral explosion. Millions log in daily via the NYT Games app or website, where Wordle sits alongside Connections, Spelling Bee and Strands as part of a robust puzzle portfolio. Subscriptions unlock additional features, including unlimited practice puzzles and ad-free access, but the core daily Wordle remains free for all.

Community sites and gaming outlets like Rock Paper Shotgun, TheGamer and Forbes provided spoiler-free hints throughout the day, emphasizing starting words rich in vowels and common consonants. One tip that gained traction: “WORST” as an opener turned four letters yellow for many, dramatically cutting down possibilities and steering solvers toward success.

“Sworn” carries cultural weight beyond the grid. It evokes images of sworn officers, sworn statements in legal documents and even literary phrases like “sworn brothers” in tales of loyalty. Its Old English roots trace back to words meaning to take an oath, underscoring how everyday language preserves ancient traditions of truth-telling and binding promises.

As the workweek began, the puzzle offered a brief mental reset amid global news and busy schedules. For some, solving it in two or three tries boosted confidence heading into the day; for others, using all six attempts served as a reminder that persistence pays off. Wordle Bot analyses, popular among competitive players, often recommended “SLATE” or similar openers, which performed well against Monday’s consonant-heavy solution.

Looking ahead, the NYT Games team keeps the word list fresh and balanced, mixing common terms with occasional curveballs to maintain engagement. April 6’s edition exemplified the sweet spot: challenging enough to feel rewarding, familiar enough to avoid frustration.

Those who missed the solution or want to revisit can check the official NYT Wordle archive, though daily puzzles reset at midnight. New players benefit from the built-in tutorial that explains mechanics without overwhelming. The game encourages experimentation — trying unusual starters or focusing on letter frequency statistics — while reminding everyone that fun trumps perfection.

In an era of endless digital entertainment, Wordle’s stripped-down design stands out. No flashy graphics, no in-app purchases pressuring progress, just pure linguistic deduction shared across time zones. From bustling cities like New York to quiet mornings in South Korea, players aligned on the same five letters, fostering a quiet global camaraderie.

Monday’s “SWORN” delivered classic Wordle satisfaction with its blend of everyday usage and subtle depth. Whether nailed on the first try or solved on the final guess, it reinforced why the puzzle captivates: each green tile brings a small victory, each puzzle a fresh opportunity to sharpen the mind.

For the latest Wordle coverage, hints without spoilers and analysis of upcoming puzzles, enthusiasts turn to dedicated sections on The New York Times site or independent gaming resources. As streaks build and records fall, the game continues proving that sometimes the simplest ideas — guess a word, learn from colors, try again — create the most lasting habits.

This article was written by

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Fans of The New York Times’ popular word-grouping game Connections woke up Monday to a fresh challenge in puzzle #1030, blending themes of lively parties, financial stakes, arcade nostalgia and clever wordplay on Broadway hits.

The daily brainteaser, which tasks players with sorting 16 words into four groups of four based on hidden connections, continues to draw millions as one of the most engaging additions to the NYT Games lineup since its 2023 debut. On April 6, 2026, solvers navigated a mix of straightforward links and trickier puns that tested both vocabulary and cultural knowledge.

Today’s NYT Connections words were: BALL, CAROUSER, CLAIM, CONCERN, EVITE, HOEDOWN, HOLES, HOP, MALLET, MOLE, OLIVES, RAVE, SHARE, STAKE, TIMER, WICKET.

Players typically start with the yellow category, rated as the easiest. For Monday’s puzzle, that group centered on events with dancing: BALL, HOEDOWN, HOP, RAVE. These terms evoke everything from formal galas and country barn dances to energetic club nights and underground parties where guests groove the night away. A “hop” historically refers to a casual dance event, while “rave” captures the modern electronic dance scene. Solvers who spotted this festive thread early gained quick momentum.

Next came the green category, focusing on interest in its financial or stake-holding sense: CLAIM, CONCERN, SHARE, STAKE. Here, the words double as synonyms for involvement or ownership. A “stake” represents an invested portion, much like a “share” in a company. “Claim” and “concern” extend the idea to legal or business interests, a subtle linguistic pivot that rewards careful reading over surface-level associations.

The blue group, often medium difficulty, delivered a burst of childhood nostalgia with components of Whac-A-Mole: HOLES, MALLET, MOLE, TIMER. This classic arcade game, where players frantically hammer popping moles back into their holes before time runs out, remains a staple at fairs and family entertainment centers. The connection hinges on gameplay mechanics rather than abstract ideas, making it accessible once the theme clicks.

The trickiest purple category required the sharpest eye for wordplay: musicals with last letter changed. The words — CAROUSER, EVITE, OLIVES, WICKET — transform into familiar Broadway titles when their final letters are swapped. “Carouser” becomes “Carousel,” the Rodgers and Hammerstein classic. “Evite” turns into “Evita,” the Andrew Lloyd Webber musical about Argentina’s iconic first lady. “Olives” yields “Oliver!,” the Dickens-inspired hit, and “Wicket” reveals “Wicked,” the long-running prequel to “The Wizard of Oz.” This meta-layer of altered spellings delighted puzzle veterans while stumping casual players.

Difficulty for Connections #1030 registered at 3.3 out of 5 according to the NYT’s internal metrics, indicating a moderately challenging start to the workweek. Many solvers reported clearing the board with lives to spare, though the purple category tripped up those rushing through without considering puns.

Connections, created by former software engineer Josh Katz and editor Will Shortz, has surged in popularity alongside other NYT Games like Wordle and Strands. The simple-yet-addictive format — no timers, just pure pattern recognition — appeals to commuters, remote workers and families competing over breakfast. Players can share streaks and compare scores via the official app or website, fostering a sense of community.

Monday’s puzzle arrived amid growing discussions about the game’s expanding role in daily routines. Social media lit up with reactions ranging from triumphant “perfect game” posts to good-natured groans over missed connections. Some players praised the dancing theme for injecting fun energy, while others appreciated the Whac-A-Mole nod as a nostalgic callback.

For those who prefer hints before full spoilers, early clues included thinking about party scenes for yellow, business jargon for green, arcade cabinets for blue and theater tweaks for purple. The official companion article on nytimes.com offered one-word reveals per category for strategic assistance without ruining the solve.

NYT Games continues to refine Connections with fresh themes drawn from pop culture, history, science and everyday life. Monday’s mix highlighted the puzzle’s strength in weaving disparate elements — from rural hoedowns to corporate stakes and Broadway classics — into a cohesive mental workout.

As word games maintain their hold on digital audiences, Connections stands out for encouraging lateral thinking over rote memorization. Educators note its value in building vocabulary and cognitive flexibility, while casual fans enjoy the low-pressure format that fits neatly into coffee breaks or bedtime wind-downs.

Those still puzzling over April 6’s edition can revisit the game on the NYT site or app, where past puzzles remain available. New players receive tutorials highlighting color-coded difficulty levels: yellow easiest, followed by green, blue and purple hardest.

Looking ahead, the NYT Games team teases evolving mechanics and potential crossovers with other properties, keeping the franchise dynamic. For now, Monday’s solution offers satisfaction for thousands who nailed all four groups and motivation for those plotting a better score tomorrow.

In a world of endless digital distractions, Connections delivers a brief, rewarding pause that rewards curiosity and quick wits. Whether you danced through the yellows or hammered out the blues, puzzle #1030 delivered classic Connections charm with a theatrical twist.