Chennai Petro and MRPL could experience difficulties due to oil marketing companies (OMCs) incurring losses by selling fuel at prices lower than their costs, potentially affecting their profitability.

Chennai Petro and MRPL experience a 5% drop due to oil marketing companies (OMCs) reducing refined product prices. On the other hand, HDFC Bank, Axis Bank, L&T, ICICI Bank, and Titan drive Nifty's gains today.

Angel One's Osho Krishan suggests considering investments in Hindustan Zinc and Chennai Petroleum due to positive technical indicators and promising setups. However, the Indian stock market took a dip on April 2 amidst global tensions, with Nifty 50 and Sensex falling, while FPIs sold off assets worth Rs. 83.3B, offset slightly by DIIs' purchases of Rs. 71.7B.