The Sensex rose by 185 points to end the day at 73,319.55, with the Nifty 50 also gaining slightly. Notably, financial advisor Sumeet Bagadia suggests considering investments in Infosys, Kalyan Jewellers, Supriya Lifescience, MM Forgings, and Vedanta.
Vijay Naidu
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National Aluminium is on the brink of breaking free from its downtrend, having surged 7% over the past week. With gains of 11% in a month and 25% since March's support test, the stock appears to be regaining momentum.
The major banking stocks experienced a decline following Q4 updates, with the Nifty Bank index dropping by 0.9%. Notable declines were seen in Kotak and IndusInd, both falling over 2%, while ICICI, PNB, and IDFC First experienced a drop of more than 1%.
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.
Ganesh Dongre from Anand Rathi suggests investing in Ashok Leyland, Asian Paints, and Kaynes Tech India as they are recommended buy picks. The Nifty 50 is facing resistance at 23,500 but has support at 22,000. Meanwhile, Bank Nifty's range stands between 49,500 and 53,000.
Gufic Biosciences successfully reduced their tax demand from INR 11.88 crore to just INR 11,760 after an appeal, but were hit with a penalty of INR 2.35 crore for underreporting income. They plan to file another appeal in response.
Page Industries experienced a 4% growth in share price today, while SRF, PG Electroplast, Amber, and Biocon saw declines.
Effective April 1, 2026, Wipro has announced leadership changes. Nagendra Bandaru will take over as CEO for the AI Platforms division, while Kanwar Singh will head the Technology Services GBLs.
Sammaan Capital has issued warrants valued at over 42 billion INR to a UAE investor, giving them majority control following an open offer after issuing approximately 33 crore shares at a price of 139 INR each.
The Nifty 50 is facing challenges in April due to escalating US-Iran tensions, volatile crude prices, and foreign institutional investor outflows. However, banks such as HDFC, ICICI, SBI, and Axis Bank are recommended for their stability. Additionally, the energy and metal sectors could potentially profit from surging commodity prices.
Tilaknagar Industries received a tax relief of INR 169 crores for the assessment year 2016-25. This relief won't significantly affect their finances, but they plan to evaluate the order and consider appropriate actions moving forward.
Heranba Industries has appointed Omprakash S. Singh and Roshan R. Shetty as Non-Exec Independent Director and Whole-Time Director respectively, both for a term of 5 years. However, the company is still awaiting shareholder approval for these appointments.
Despite equity market volatility in the fiscal year 2026, India's IPO fundraising increased by 20%. However, a significant number of 224 out of 396 initial public offerings are trading below their issue prices, with major IPOs like LIC and One97 underperforming post-listing.
JPMorgan lowers its price target for Jubilant FoodWorks to INR 500 due to potential disruptions in LPG supply and escalating risks in West Asia, resulting in a 2% decrease in revenue and 7% drop in EBITDA estimates for the FY27 forecast.
The Nifty index experienced a 'Death Cross' in March, indicating a downtrend for 12 stocks such as Airtel, HCL Tech, and M&M. These companies have shown technical weakness, suggesting they may struggle to recover until they surpass key resistance levels.
HDFC Bank's stock has fallen to a two-year low this year, shedding approximately 25%. Despite the decline, JPMorgan has upgraded its rating on the bank to 'Overweight', indicating potential for growth, possibly due to shrinking valuation differences with competitors ICICI and Kotak.