🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Aurobindo Pharma: The company has scheduled a board meeting for April 6, 2026, to consider a proposal for the buyback of equity shares, which is expected to support investor sentiment when markets reopen.
• IT Sector (TCS, Infosys, HCL Tech, Wipro): IT stocks saw strong value buying on April 2, gaining between 2% and 3.5% ahead of the Q4 FY26 earnings season starting next week. HCL Tech and Tech Mahindra led the rally.
• Ola Electric: The company reported a significant resurgence in demand, with daily orders in the last week of March crossing 1,000 units and monthly registrations surging over 150% month-on-month to 10,117 units.
• Fundraising Buzz (EFCIL & Filatex Fashions): Board meetings are scheduled for today, April 3, for EFC (I) Limited and Filatex Fashions to consider raising long-term resources through equity or other global market instruments.
• Real Estate Stocks: DLF, Brigade Enterprises, and Oberoi Realty closed with gains of over 2% in the previous session, benefiting from a broader recovery in interest-sensitive sectors.
• Brokerage Picks: Motilal Oswal has identified Bharti Airtel, SBI, ICICI Bank, M&M, and Titan as top picks for FY27, citing attractive valuations after the "black swan" volatility of FY26.

Neutral Developments

• Market Holiday: Both the NSE and BSE, along with the Multi Commodity Exchange (MCX), remain closed today for Good Friday. Normal trading will resume on Monday, April 6, 2026.
• Rupee Surge: The Indian Rupee posted its biggest gain in over 12 years on April 2, rising 2% to settle at 92.8350 per US dollar, a move that is expected to help contain imported inflation but may impact export-oriented margins.
• Upcoming Board Meetings: Meghmani Organics will meet on April 4 to consider a scheme of amalgamation, while Pakka Limited is set to discuss fundraising on the same day.
• Earnings Calendar: HUL has announced its Q4 result date as April 30, while Reliance Industries is expected to report its highest-ever quarterly profit in the third week of April.

Negative News

• Oracle India: In a major blow to the tech employment landscape, Oracle has reportedly laid off 12,000 software engineers from its Indian cloud computing business, with a second wave of cuts anticipated within a month.
• Utkarsh Small Finance Bank: The bank disclosed the sale of a significant bad loan portfolio worth ₹1,491 crore to an Asset Reconstruction Company (ARC) for a mere ₹195 crore, highlighting deep haircuts on legacy assets.
• Smallcap & Midcap Underperformance: Despite the recovery in the Nifty and Sensex on Thursday, the broader markets remained under pressure with the Nifty Midcap index falling 0.3% and the Smallcap index declining 0.4%.
• Geopolitical Tensions: Fresh signals of escalation in the US-Iran conflict have kept global markets on edge, leading to extreme intraday volatility where the Sensex swung over 1,700 points in the previous session.

TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex