Reliance Power continues to perform well, increasing by 3.8% in today's trading session, making it the third day in a row of gains for this energy company.
Jagdish Malhotra
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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%.
Nirmal Bang has lowered its targets for defense stocks due to ongoing market corrections and potential risks. Companies such as BEL and HAL may experience varying impacts from the Iran-Israel conflict, along with cost pressures.
Bajaj Finserv's investment management unit, Bajaj Alternates, has secured approval from SEBI to offer Portfolio Management Services (PMS). This move signals an intent to broaden their reach in the equity market by managing portfolios for high net worth clients.
IRAGE Broking has purchased approximately 153 thousand shares of Ganesha Ecosphere at an average price of Rs. 1,105.7, as per the latest bulk trades report from the National Stock Exchange.
Aurobindo Pharma is selling its branded generic portfolio worth INR 143.2 crores to Auropharm Ltd, aiming to strengthen and simplify their domestic operations.
The Indian equity market, represented by Nifty 50, is seen as undervalued at a 15% discount to its long-term average P/E ratio of 20.4x, according to Motilal Oswal. Their top investment picks are Bharti Airtel, SBI, and BEL. The preferred sectors include Auto, PSU Banks, and Technology, with a neutral stance on Telecom and Cement. Notably, they have recognized a correction in midcaps, favoring largecaps for investments at present.
Vibhor Steel Tubes has pushed back the release of their new products, now scheduled for June 2026 instead of March. These new offerings, including High Mast Lightning Poles and Monopoles, are intended for India's infrastructure market.
Kotak Institutional Equities suggests TCS, Infosys, Tech Mahindra, and Coforge as top IT sector choices despite forecasted subdued Q4FY26 growth and limited FY27 visibility. TCS demonstrates steady margins, Infosys anticipates 3-5% FY27 expansion, Coforge leads Q4FY26 with a 19.7% YoY increase, while Tech Mahindra reports stagnant revenue but margin advancements.
Vedanta Ltd has seen a significant increase in alumina and aluminum output, with alumina production surging by 48% year-on-year to reach 2,916 kt, and aluminium at 2,456 kt. Additionally, the company's silver production jumped by 11% quarter-on-quarter in Q4, reaching 176 tonnes. The positive results indicate a strong performance for Vedanta Ltd in the mining sector.
Steel Authority of India (SAIL) is suggested as a buying opportunity at its current price of ₹156, with expectations of reaching ₹175 due to a technical breakthrough surpassing ₹153. The market's optimism is driven by global market recovery and decreasing crude prices, leading to Sensex and Nifty increases of 1.7% to 73,134.3 and 1.6% to 22,679.4 respectively.
Goldman Sachs maintains its optimistic stance towards Bharat Electronics, elevating the price target to ₹475 and encouraging investors to buy shares.
PowerGrid announces the appointment of Burra Vamsi Rama Mohan as its new Chairman and Managing Director, taking office starting today.
Acuite has maintained a 'Stable' rating for CSL Finance's loans and NCDs, acknowledging their robust capital reserves, profitable performance, and consistent asset quality.
General Insurance Corporation (GIC) saw a significant 5.1% increase on April 1, 2026, surpassing the Sensex's 2.5% gain, suggesting strong performance. However, its outperformance of the sector by 1.9% raises questions about whether this is due to sustained momentum or a temporary technical bounce.
Kanoria Chemicals has approved a 1,000 crore Non-Convertible Debenture (NCD) issue at an Extraordinary General Meeting held on April 1, 2026, via video conference, signaling a significant expansion of their capital structure. The company also agreed to raise its authorized share capital in the process.
Tata Power has reactivated its 4150 MW Mundra power plant, following a brief halt. This move indicates a resumption of critical operations at the facility.
Swaraj Engines will announce their audited financial results and decide on a potential dividend at their board meeting on the 13th of April, 2026. The trading window is currently closed from the 1st to the 15th of April due to insider trading regulations.
Advait Energy has been awarded a ₹44.48 crore contract to carry out Medium Voltage Cable Circuit (MVCC) work for the Amreli project, which falls under PGVCL's scheme and requires completion within nine months.
Adani Green Energy, with a market cap of INR 1.33 trillion, experiences a 3.1% dip to INR 806.8 on BSE due to a sector-wide downturn in the renewables industry. The company has enlisted L&T, Sterling & Wilson, and KPI Green as external contractors for expansion plans amidst the market decline.