The Nifty index approaches 22,900, with the banking sector showing a 1% increase and a recovery of around 1,150 points. Notable gainers include Trent, Titan, Axis Bank, Adani Enterprises, and Shriram Finance.
Ritesh Chopra
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ICICI Securities recommends investing in large private banks like HDFC and Kotak due to their robust financial health and promising risk-reward prospects. Smaller banks such as RBL, Bandhan, City Union, Karur Vysya, DCB, and South Indian Bank are rated as 'Buy', but potential risks from small businesses and geopolitical factors are being closely monitored.
On Thursday, TCS is set to release earnings amid unstable oil prices. The Nifty's resistance level is between 22,941 and 23,110, while support remains at 22,040. The Indian Rupee and RBI policy are key factors to watch.
Investors are suggested to hold onto Asian Paints and Dixon Tech in the short term due to oil price fluctuations and increased competition in ECMS. Biocon, BSE, DAM Capital, and Titagarh Rail, on the other hand, have been recommended as potential buys or holds, with specific price levels noted for profit opportunities.
SBI Trustee has freed the pledged shares of HDFC Bank and ICICI Bank, previously used as collateral for Sky Gold. Now, approximately 2.52 lakh shares of HDFC Bank and 2.12 lakh shares of ICICI Bank are no longer encumbered.
Linde India's shareholders have voted against a proposed agreement worth approximately $58 million (₹4,177M) with Praxair India Pvt Ltd at their Extraordinary General Meeting on March 5, 2026.
Emkay Global has lowered its target price for IndiGo shares to ₹5,500 due to a potential drop in earnings per share by 7-28% in FY26-28. This adjustment comes as Indigo increases domestic fuel surcharges to Rs275-950 and significantly raises international surcharges to Rs900-10,000.
Marico projects a gradual increase in sales volumes until FY27, indicating consistent consumer demand amidst current market conditions. The company aims to maintain a favorable long-term perspective.
Marico has expanded its global reach by acquiring a significant stake in Vietnamese skincare company Skinetiq, which markets popular brands like Candid and Murad. This move is expected to strengthen Marico's position in the international beauty market.
HSBC adjusts target prices for Indian banks due to escalating Iran conflict risks and mounting asset pressures. Major players like HDFC Bank, ICICI, Axis, SBI, Bajaj Finance face reduced targets, while LIC Housing is identified as a defensive choice amid these uncertainties.
Ashok Leyland experienced a significant block trade on the NSE, with over 1 million shares exchanging hands for approximately INR 16.6 crore at a price of INR 155.86 per share.
D-Mart, with its latest expansion of 85 stores, now boasts 500 physical outlets in FY26. This achievement led to a significant 8% increase in the company's share price. Despite competition from quick commerce and big names like Reliance Retail and Tata's Trent, D-Mart continues to show optimism for traditional store growth.
Vipul Thakkar has increased his ownership in Silver Touch Tech Ltd by purchasing additional shares, now holding a 21.16% stake as of March 30, 2026. This increase represents a slight bump from his previous 21.13% holding.
APL Apollo experienced a 5% drop in share price today due to failing to meet Q4 volume growth expectations, which were set at 20% year-over-year. Despite reporting an 11% increase in full-year sales to 34.91 lakh tonnes, the stock has declined by 13% over the past month.
BPL Ltd, in compliance with SEBI Regulation 30, acknowledged a DRT order permitting ARCIL to activate a Rs. 10 crore guarantee. The company disputes the debt's validity as it believes it is past the expiration date and plans to appeal the decision, aiming for appropriate remedies.
Advait Energy has landed a 538.4 million INR order, expanding its project pipeline with a new client. This is promising news for the company's ongoing business growth.
Wipro has officially merged Rizing Consulting USA LLC and Rizing LLC as of March 31, 2026. This move is intended to simplify Wipro's organizational structure without affecting the existing ownership distribution.
Hindalco surges by 3% atop the Nifty, profiting from geopolitical tensions. This comes as a result of Iran's assault on aluminum facilities in Bahrain and the UAE, potentially disrupting supply chains.
IRB Infrastructure experienced an impressive 8.7% surge in its stock price to Rs. 22.26, following a significant increase in trading volumes by nearly 3.7x. On the other hand, CCL Products, Aegis Logistics, Welspun Corp, and Garden Reach showed varying trends with increased volumes but differing price movements.
Orbit Exports Limited has made the required disclosures under the Securities and Exchange Board of India's Substantial Acquisition of Shares and Takeovers (SAST) regulations for 2011. This move ensures transparency in their shareholding patterns, as per the BSE listing rules.