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Indian Market Recap
Indian equity benchmarks rallied on Wednesday, halting a two-day losing streak amid positive global cues after the US President Donald Trump signalled an end to Iran war. The BSE Sensex rose as much as 2.6%, or 1,900 points, to 73,847.08 and the NSE Nifty 50 rose as much as 2.6% to 22,902.25.
Meanwhile, Brent crude for August 2026 traded at $88.03 a barrel on the chart. The contract was down $2.14, or 2.37%.
Stocks To Watch
- Tilaknagar Industries: The company reports that sales of its Mansion House brand surpassed 10 million cases in FY26, up from 8.7 million cases in FY25.
- Cochin Shipyard: The company reports that the Ministry of Corporate Affairs (MCA) has launched the second 100-day special outreach initiative titled ‘Saksham Niveshak’, running from April 1 to July 9.
- Amber Enterprises: The company reports that its arm, IL JIN Electronics, has acquired an additional 4.85% stake in Unitronics, bringing its total shareholding to 49.66%.
- Bajaj Hindusthan Sugar: The company has allotted 1.6 crore shares worth Rs. 8.5 crore on a preferential basis and separately allotted another 44 crore shares aggregating Rs. 44.57 crore.
- MM Forgings: The company reports that CFO R Venkatakrishnan has resigned, and R Raghunathan has been appointed as the new CFO.
- Mahamaya Steel Industries: The company reports total sales of 13,982.8 MT for the month of March in its latest business update.
- Balaji Telefilms: The company reports that Dhaval Sheth has resigned from his position as Deputy CFO due to personal reasons.
- NTPC: The company reports that its Jharkhand coal mine has been transferred to NTPC Mining (NML) and has declared the commencement of commercial operations at the site. Separately, the group’s total installed capacity now stands at 89,108 MW, with commercial capacity at 88,028 MW.
- Piramal Pharma: The company’s arm, Piramal Critical Care, has completed the acquisition of Kenalog and associated brands from Bristol-Myers Squibb.
- Fertilizers and Chemicals Travancore (FACT): The company’s FY26 business update highlights NP 20:20:0:13 production at 8.3 LMT (sales at 8.07 LMT) and Ammonium Sulphate production at 2.83 LMT (sales at 2.99 LMT).
- IOL Chemicals and Pharmaceuticals: The company reports that the Registrar of Companies (RoC) has struck off its arm, IOL Life Sciences.
- Karnataka Bank: The company’s March 31 business update shows total deposits up 3.8% YoY to Rs. 1.1 lakh crore, gross advances up 6.9% to Rs. 83,337 crore, and CASA up 10% to Rs. 36,621 crore.
- Pace Digitek: The company has secured a Rs. 495 crore EPC order from NTPC for the implementation of a 200 MW Battery Energy Storage System (BESS) in Bihar.
- Eicher Motors: The company reports total Royal Enfield sales of 1.12 lakh units in March, meeting estimates, with motorcycle sales up 11% YoY and exports up 8% YoY.
- NMDC: The company’s March business update shows total production surged 51% YoY to 5.35 MT, while total sales grew 40% YoY to 5.90 MT.
- Puravankara: The company has received a tax demand of Rs. 52 crore from the Bengaluru authorities.
- Indian Oil Corp: The company’s FY26 business update reports refinery crude throughput at 75.4 MMT, pipeline throughput at 105.3 MMT, petroleum product sales up 4% YoY to 104.4 MMT, petrochemical sales at 3.22 MMT, and the commissioning of 909 new retail outlets.
- Hero MotoCorp: The company reports total 2-wheeler sales grew 8.8% YoY to 5.98 lakh units in March, driven by domestic sales growth and a 53% surge in scooter sales. Separately, it acquired 2.7 lakh shares in Euler Motors for Rs. 210 crore, maintaining a 36.67% stake.
- SJVN: The company reports it generated 1,330 crore units of energy during FY26.
- Bansal Wire Industries: The company reports total sales volume grew 20% YoY to 1.2 lakh MT in its Q4 business update.
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- Lupin: The company reports its arm has acquired a 100% stake in VISUfarma B.V., and separately, its arm Nanomi will buy a 43.3% stake in its Philippines arm for $39.6 million.
- Tasty Bite Eatables: The company reports that Pradeep Poddar has retired from his position as Chairman and Independent Director.
- Wipro: The company announces the creation of an AI-Native Business & Platforms unit for Core Services, with Nagendra Bandaru appointed as CEO. Suzanne Dann has stepped down as CEO for Americas-2. The company also completed the merger of its step-down arms Capco RISC and Cardinal US, while Cardinal US Holdings transferred its stake in Capco Consulting to The Capital Markets.
- ABB India: The company has received a Rs. 15 crore penalty and redemption fine from Bengaluru authorities.
- Yatra Online: The company reports that a Rs. 151 crore duty demand has been dropped by the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) in Chandigarh.
- Swaraj Engines: The company will consider its Q4 results and dividend on April 13.
- Man Infraconstruction: The company has reduced its partnership interest in Man Aaradhya to 37.5% and increased its interest in Man Vastucon to 13%.
- Adani Enterprises: The company reports the effective merger of Adani Green Technology and Adani Emerging Businesses into the company as of April 1, and the amalgamation of Adani Tradecom with Adani New Industries, setting April 14 as the record date for share allotment.
- TVS Motor: The company reports total sales grew 25% YoY to 5.2 lakh units in March, with strong growth across 2-wheelers, 3-wheelers (up 46%), and EV sales (up 44%).
- Choice International: The company has entered into a pact to acquire a 100% stake in Optimo Investment Adviser.
- Glenmark Pharma: The company has received a Rs. 32 crore tax demand, including penalties, from the Mumbai authorities.
- Bosch: The company’s board will meet on April 8 to consider a preference shares issue.
- Aavas Financiers: The company reports AUM grew 15% YoY to Rs. 23,500 crore and disbursements grew 16% YoY to Rs. 2,350 crore in its Q4 update, adding 38 branches in FY26.
- HCC (Hindustan Construction Company): The company has transferred awards worth Rs. 1,979 crore to HCC Contract Solutions.
- Prime Focus: The company reports Brahma India sold its PFT US stake to DNEG for $21 million, and DNEG will sell its Brahma India stake to Brahma AI for $90 million.
- Sambhv Steel Tubes: The company will invest Rs. 7.5 crore to acquire a 15% stake in Vajra Alloys Private.
- Smartworks Coworking Spaces: The company will invest Rs. 17 crore for capacity addition in Hyderabad.
- Love me: The company has acquired an additional 36.7% stake in Axiom Ayurveda Pvt and plans to buy the remaining 36.7% stake by June.
- South Indian Bank: The company’s March business update shows gross advances up 15.7% YoY to Rs. 1.01 lakh crore, total deposits up 14.7% to Rs. 1.23 lakh crore, and CASA up 17.5% to Rs. 39,621 crore.
- ICICI Prudential: The company has completed the transfer of investment management rights for certain AIFs of ICICI Venture Funds.
- Prestige Estates Projects: The company has secured a 17.2-acre land parcel in Gurugram with a Gross Development Value (GDV) potential of Rs. 4,200 crore.
- Varun Beverages: The company has fixed April 8 as the record date for its final dividend.
- Nestle India: The company will invest Rs. 90 crore to add a new Maggi noodle production line at its Gujarat unit.
- CG Power and Industrial Solutions: The company reports its arm CGS has sold Crompton Prima Switchgear Indonesia, which ceases to be a step-down subsidiary.
- DCM Shriram: The company has started a 17,000 TPA capacity expansion at its Gujarat Epichlorohydrin plant, taking total capacity to 52,000 TPA.
- Marico: The company’s board has approved the voluntary liquidation of Zed Lifestyle.
- Adani Ports: The company reports that the NCLT Ahmedabad has approved its merger with Adani Harbour.
- Alembic Pharma: The company’s board has re-appointed Pranav Amin as MD for five years. Separately, Chirayu Amin has resigned as CEO to take charge as Executive Chairman.
- Mobavenue AI Tech: The company reports that Tejas Rathod has resigned from his position as CFO.
- KRN Heat Exchanger: The company’s arm, KRN HVAC, will purchase land in Rajasthan for Rs. 9 crore.
- Ola Electric: The company reports daily orders exceeded 1,000 units in the last week of March, with registrations surging 150% YoY to 10,117 units.
- Sanathan Textiles: The company’s arm, Sanathan Polycot, has commissioned a polymerisation line and completed the Phase I ramp-up at its Punjab unit.
- Maruti Suzuki: The company’s March production volume grew 19% YoY to 2.32 lakh units, driven by passenger vehicle production.
- Shriram Finance: The company reports its tax demand has been significantly reduced from Rs. 102 crore to Rs. 5 crore.
- National: The company has signed a pact to buy trade and business assets from Trilogy Writing and Consulting for GBP 1.9 lakh.
- Power Grid: The company has promoted Pradeep Kumar to the post of Executive Director.
- V2 Retail: The company reports Q4 revenue grew 59% YoY to Rs. 798 crore, achieving a 7.74% Same Store Sales Growth, and ended FY26 with 325 stores.
- Texmaco Rail: The company has secured a Rs. 41 crore order from Sushila Transport Pvt.
- Vedanta: The company has received a Rs. 33 crore demand from the Delhi Environment Body.
- AGI Infra: The company has received a license from GMADA for a 10.26-acre land parcel.
- Emcure Pharma: The company’s arm, Mantra Pharma, has acquired Canada-based Cutimed for CAD $5.05 million.
- Shree Cement: The company has received a Rs. 149 crore tax demand from the Rajasthan authorities.
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IPO Listing
Sai Parenteral
- A diversified pharmaceutical formulations company with experitse in research, development, and manufacturing.
- Subscription status
- Total: 1.08x.
- QIB: 1.73x.
- SO: 2.45x.
- Retail: 0.12x.
Powerica
- Power solutions company specializing in diesel generator sets (DG sets) for main & backup use.
- Subscription status
- Total: 1.53x.
- QIB: 4.74x.
- SO: 0.47x.
- Retail: 0.16x.
Amir Chand Jagdish Kumar (Exports)
- Processor & exporter of basmati rice & other FMCG products in India.
- Subscription status
- Total: 3.41x.
- GRADE: 1.18x.
- SO: 13.40x.
- Retail: 1.44x.
Block Deals
- Bharti Airtel: BNP PARIBAS FINANCIAL MARKETS bought, BOFA SECURITIES EUROPE SA sold 5.40 lk shares for Rs. 1,782 per share.
Insider Trades/Pledge
- Patel Chem Specialities: Devansh Patel, Promoter Group, bought 64 k shares.
- Gallant Ispat: Gallantt Industry, Promoter Group, bought 76.5 k shares.
- Surya Roshni: Goel Die Cast, Promoter Group, bought 25 k shares.
- Grauer & Weil India: NIRAJ KUMAR MORE HUF, Promoter Group, bought 45 k shares.
- NCC: Sirisha Projects, Promoter, bought 1.48 lk shares.
- Shivalik Bimetal Controls: Kabir Ghumman, Promoter & Director, bought 86.8 k shares, Sirmaur Hospitality, Promoter Group, bought 67.5 k shares, Sumer Ghumman, Promoter & Director, bought 86.8 k shares.
ALSO READ: Kay Jay Forgings Files DRHP For IPO To Raise Rs 360 Crore
Trading Tweaks
- Price Band change from 20% to 10%: PRIME FOCUS
- Price Band change from 10%: HYUNDAI MOTORCYCLE INDIA
- Price Band change from 20%: VISHAL MEGA MART, ADANI POWER, COCHIN SHIPYARD, FORCE MOTORS, GODFREY PHILLIPS INDIA, MOTILAL OSWAL FINANCIAL SERVICES, NIPPON LIFE INDIA ASSET MANAGEMENT
- Price Band change from to 20%: SYNGENE INTERNATIONAL LIMITED
Short Term ASM
- List of securities shortlisted in Short – Term ASM Framework Stage: RPSG Ventures,
- List of securities to be excluded from ASM Framework: IDBI Bank
F&O Cues
- Nifty Apr futures is up 1.80% to 22,830.00 at a premium of 150.6 points.
Maximum Call open interest at 24,000 and Maximum Put open interest at 20,200.
Securities in ban period: NIL - Nifty Options 7th Apr Expiry:
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