T
Trendlyne Marketwatch
02 Apr 2026
Market closes higher on strong rupee and value buying
By Trendlyne Analysis

 

Nifty 50 closed at 22,713.10 (33.7, 0.2%), BSE Sensex closed at 73,319.55 (185.2, 0.3%) while the broader Nifty 500 closed at 20,938.35 (3.2, 0.0%). Market breadth is in the green. Of the 2,761 stocks traded today, 1,793 were gainers and 925 were losers.

Indian indices closed higher after rebounding in the afternoon session, supported by a strong rupee and value buying. The Indian volatility index, Nifty VIX, rose 2% and closed at 25.5 points. Powerica's shares made their debut on the bourses at a 7.3% discount to the issue price of Rs 395. The Rs 1,100 crore IPO received bids for 1.4 times the total shares on offer.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower. Nifty IT and Nifty India Digital are among the top index gainers today. According to Trendlyne’s sector dashboard, Software & Services emerged as the best-performing sector of the day, with a rise of 2%.

Asian indices closed mixed. European indices are trading with varied trends. US index futures are trading lower as Donald Trump says the US will ramp up its operations against Iran in the coming weeks and is close to achieving its objectives. Brent crude futures are trading higher as Trump reiterates that the US will not push for reopening the Strait of Hormuz.

  • Money flow index (MFI) indicates that stocks like Emami, ICICI Lombard General Insurance and Ashok Leyland are in the oversold zone.

  • Alkem Laboratories’ board approves increasing investment to Rs 1,036 crore from Rs 533 crore for a greenfield formulations manufacturing facility in Ujjain, Madhya Pradesh.

  • V2 Retail is rising as its standalone revenue grows 59% YoY to Rs 798 crore in Q4FY26. The company added 33 new stores during the quarter, bringing its total store count to 325.

  • Steel Authority of India's (SAIL's) Chairman and Managing Director (CMD), Amarendu Prakash, tenders his resignation, effective April 1. The company's board appoints Krishna Kumar Singh as the interim CMD for three months.

  • DAM Capital upgrades the Indian cement sector to a 'Buy' rating, despite acknowledging spikes in raw material costs due to Middle East tensions and a possible demand pullback. The brokerage expects a 6% cement price hike in FY27 to cushion margins, while revising volume growth estimates lower to 4% from 7% due to moderated government capex and housing activity.

  • Bansal Wire Industries rises sharply as its sales volume jumps 20.3% YoY to 1.2 lakh units in Q4FY26.

  • The Reserve Bank of India (RBI) reportedly approves the acquisition of a 60% stake in RBL Bank by Emirates NBD Bank for about Rs 26,853 crore.

  • Nestle India's board of directors approves setting up a new 20,500 tonnes per annum (TPA) Maggi Noodles production line at its Sanand factory with a capex of Rs 90 crore.

  • Indian banking stocks, including SBI, PNB, and Union Bank, fall as the Reserve Bank of India (RBI) cracks down on rupee speculation. The RBI bars banks from offering rupee non-deliverable forwards and rebooking cancelled forex contracts to curb arbitrage and speculative bets. Meanwhile, HSBC flags lower earnings potential for Indian banks and the broader BFSI sector.

  • Astra Microwave Products is rising as its joint venture (JV), Astra Rafael Comsys, secures an order worth Rs 250.6 crore from Hindustan Aeronautics for software-defined radio (SDR).

  • BofA Securities Europe SA sells 5.4 lakh shares of Bharti Airtel for Rs 96.2 crore through a block deal at an average price of Rs 1,782 per share. BNP Paribas Financial Markets picks up the shares.

  • Oriana Power’s subsidiary, TrueRE, signs a long-term green ammonia purchase agreement with the Solar Energy Corporation of India. The contract involves supplying 60,000 tonnes annually, with a total value of about Rs 3,135 crore over 10 years.

  • Reports suggest the Income Tax Department has issued a draft notice to Jane Street, questioning Singapore treaty benefits on Rs 20,000 crore of derivative gains over the past 4–5 years. The firm already faces a Rs 4,843 crore impounding order from the Securities and Exchange Board of India (SEBI), and could incur an additional Rs 7,000 crore if the benefits are denied.

  • V-Mart Retail is rising sharply as its revenue jumps 24% YoY to Rs 971 crore in Q4FY26, supported by same-store sales growth (SSSG) of 12%. The company opens 29 stores and closes six, taking the total store count to 577.

  • Amir Chand Jagdish Kumar's shares debut on the bourses at a 5.7% discount to the issue price of Rs 212. The Rs 440 crore IPO received bids for 3.2 times the total shares on offer.

  • Sai Parenterals' shares debut on the bourses at a 2% premium to the issue price of Rs 392. The Rs 408.8 crore IPO received bids for 1.1 times the total shares on offer.

  • The Indian government waives customs duties on key petrochemicals such as polyethylene, polypropylene, and PVC until June 30, 2026. The move aims to ease supply disruptions from the West Asia conflict and curb rising input costs, supporting downstream sectors like plastics, packaging, textiles, pharma, and auto components.

  • Powerica's shares debut on the bourses at a 7.3% discount to the issue price of Rs 395. The Rs 1,100 crore IPO received bids for 1.4 times the total shares on offer.

  • Adani Ports & SEZ receives approval from the National Company Law Tribunal (NCLT) to merge its subsidiary, Adani Harbour Services, with itself.

  • Hero MotoCorp's sales grow 8.8% YoY to 6 lakh units in March, driven by higher demand in the 100-125cc and scooter segments. Exports jump 15.6% to 45,693 units during the month.

  • Indian defence stocks fall sharply, with the Nifty India Defence index down about 3% as investors turn to profit booking after the previous session’s rally. The decline also tracks broader market weakness, with the Sensex dropping around 1,400 points and the Nifty slipping below 22,250 in early trade.

  • Karnataka Bank's Q4FY26 total deposits grow 3.8% YoY to Rs 1 lakh crore, and gross advances rise 6.9%. CASA ratio increases 190 bps to 33.7% during the quarter, indicating a reduction in the bank's cost of funds.

  • NMDC's monthly iron ore sales climb 40.1% YoY to 5.9 million tonnes (MT) in March, supported by higher sales from Chhattisgarh and Karnataka. Production jumps 50.7% to 5.4 MT.

  • TVS Motor's total wholesales grow 28% YoY to 12.2 lakh units in Q4FY26, driven by a 27% increase in two-wheelers and a 65% YoY growth in three-wheelers.

  • Prestige Estates Projects enters a joint development agreement for a 17.2-acre land parcel in Sector 92, Gurugram. The project has a total saleable area of about 30 lakh square feet, with an estimated gross development value of over Rs 4,200 crore. This expands the company’s footprint in the National Capital Region (NCR).

  • Nifty 50 was trading at 22,228 (-451.4, -2.0%), BSE Sensex was trading at 72,262.05 (-872.3, -1.2%), while the broader Nifty 500 was trading at 20,457.30 (-477.9, -2.3%).

  • Market breadth is moving down. Of the 2,247 stocks traded today, 236 were gainers and 1,969 were losers.

Riding High:

Largecap and midcap gainers today include Coforge Ltd. (1,213.40, 5.2%), Bosch Ltd. (32,135, 4.9%) and LTIMindtree Ltd. (4,303.90, 4.8%).

Downers:

Largecap and midcap losers today include United Breweries Ltd. (1,485.10, -6.3%), SRF Ltd. (2,416.10, -5.4%) and Biocon Ltd. (352.55, -3.5%).

Crowd Puller Stocks

5 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Latent View Analytics Ltd. (312.10, 19.5%), Ola Electric Mobility Ltd. (28.34, 9.5%) and Tata Chemicals Ltd. (651.90, 7.4%).

Hexaware Technologies Ltd. (443.95, 2.7%) was trading at 4.5 times of weekly average. Adani Green Energy Ltd. (856, 0.5%) was trading with volume 3.2 times weekly average on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

43 stocks were underachievers and hit their 52 week lows.

Stocks making new 52 weeks lows included - Bajaj Finserv Ltd. (1,640.70, -0.4%) and Bajaj Holdings & Investment Ltd. (8,992.50, 1.0%).

6 stocks climbed above their 200 day SMA including FSN E-Commerce Ventures Ltd. (245.98, 2.5%) and Avenue Supermarts Ltd. (4,362.40, 2.1%). 28 stocks slipped below their 200 SMA including Nippon Life India Asset Management Ltd. (829.90, -4.1%) and Eicher Motors Ltd. (6,649.50, -2.6%).

 
More from Trendlyne Marketwatch
More from Trendlyne Analysis
Recommended
Five Interesting Stocks Today - November 6, 2026
The Baseline | 06 Nov 2026, 05:35PM
Market closes higher, global AI rout boosts Indian market sentiment
Trendlyne Marketwatch | 06 Nov 2026, 04:16PM
Market closes higher, led by gains in IT and metal stocks
Trendlyne Marketwatch | 16 Oct 2026