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Benchmark indices snapped a two-day losing streak but ended off the day’s high, with the Sensex rising 1,187 points to close at 73,134 and the Nifty gaining 348 points to settle at 22,679. The rally was broad-based, with 25 out of 30 Sensex constituents ending in the green, led by heavyweights Reliance Industries, SBI, and Larsen & Toubro, which were the top contributors to the gains.Market breadth strongly favoured advances, with the NSE advance-decline ratio coming in at a robust 12:1. Broader markets outperformed the benchmarks, as the Midcap index surged 1,169 points to close at 53,819. The Nifty Bank index also saw strong buying interest, climbing 1,173 points to end at 51,449.Among stocks, BSE rallied 7% after the RBI deferred the implementation of its liquidity tightening framework by three months to July 1, 2026. RateGain Travel Technologies jumped 10% after Investec initiated coverage with a ‘buy’ call, while InterGlobe Aviation (IndiGo) gained 6% on the back of lower-than-expected ATF prices. Tenneco Clean Air rose over 2% after Citi initiated coverage with a ‘buy’ rating.Eternal advanced 4% following the launch of Blinkit services at Mumbai’s Terminal 2 airport. Garden Reach Shipbuilders & Engineers emerged as a standout gainer, soaring 20% after reporting its highest-ever annual revenue of ₹6,400 Cr for FY26.On the downside, Ashok Leyland declined over 3% after its March sales missed estimates. However, auto peers saw buying interest, with Eicher Motors, Mahindra & Mahindra, and Maruti Suzuki rising up to 4% following their monthly sales updates.

Benchmark indices snapped a two-day losing streak but ended off the day’s high, with the Sensex rising 1,187 points to close at 73,134 and the Nifty gaining 348 points to settle at 22,679. The rally was broad-based, with 25 out of 30 Sensex constituents ending in the green, led by heavyweights Reliance Industries, SBI, and Larsen & Toubro, which were the top contributors to the gains.

Broader markets outperformed the benchmarks, as the Midcap index surged 1,169 points to close at 53,819. The Nifty Bank index also saw strong buying interest, climbing 1,173 points to end at 51,449.

“It’s unfortunate — the performance, as the company was doing all right. This West Asia war has delayed a lot of their predictions and projections. Natural gas shortage has been affecting them, and of course, the West Asia operations have been severely impacted. So, the March numbers were significantly lower than what we were expecting and what the market was expecting, and that has led to an overall underperformance on an annualised basis. I will wait for things to settle down on the war front before taking a view on APL Apollo Tubes. Otherwise, there are a lot of things going for this company, particularly some of the government initiatives taken in recent months, which should help APL Apollo. But I think the war has to stop, and only then can things start looking up. So, I’ll wait and watch. Valuation is also not cheap, so there’s no hurry to get into it.”

“While there was concern from investors about corporate governance issues at HDFC Bank, the board as well as the management had come out and said that as far as the bank’s working is concerned, things are really doing well, and you would probably see the impact of the merger kick in over the next 12 to 24 months. Given that RBI as well as SEBI are looking at it with a close eye, I don’t think there should be any impact from corporate governance issues. Hence, one can look at investing in HDFC Bank, because it’s trading at about two times its book value, which is probably at the lower end of its range. So one should really look at buying HDFC Bank.”

“The counter has multiple supports near ₹215, and in fact, five to six times in the last 30 months, it has taken support near ₹215 and turned higher. Just six days back, it made a low near ₹216. I believe ₹215 is a major support. If I look at the technicals, someone holding the position is suggested to follow the support of ₹215. If it bounces, then it can go towards ₹275 to ₹280. But yes, ₹215 is a major support for new buying or for someone holding the position.”

“Market witnessed some recovery from lower levels, but failed to move beyond 22,950. The good part is some stability is being seen. But again, follow-up is required in the market. I believe if Nifty manages to move beyond 23,000, then only we will get confirmation of a bottoming-out approach. Till then, volatility needs to cool down. We are likely to be in a range where the weekly chart is making lower tops and lower bottoms, but the daily chart is giving an early sign of bullish divergence. I believe we have to be in a broader trading range with support near 22,300 and a hurdle at 23,000.”

On Wednesday, April 1, shares of Karur Vysya Bank Ltd. increased by as much as 2% following the lender’s January–March quarter business report.

According to sources who spoke to CNBC-TV18, the Finance Ministry has approved an allocation of more than ₹1 lakh crore for the second phase of the India Semiconductor Mission (ISM 2.0).

Ashok Leyland Reports Monthly Sales Below Estimates

GE Shipping to buy a secondhand medium-range tanker of about 49,420 dwt

Here are top gainers on NIFTY 50 for the day so far:

1) InterGlobe Aviation, up 6.38%

2) Adani Ports, up 5.86%

3) Adani Enterprises, up 5.38%

Eternal Ltd. shares are up 3.61% after announcing the launch of its quick commerce business Blinkit at Mumbai T2 airport.

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Jairam Sridharan, MD & CEO of Piramal Finance. said MSMEs exposed to rising fuel costs could feel the most stress from the war in West Asia, with its exposure to such segments at around ₹1,000 crore.

The lender expects asset quality pressures to build in the coming months, with non-performing assets likely to rise in the second quarter around August.

Sridharan also said he “saw credit growth pick up substantially in last 10 odd weeks of FY26 Iran war will lead to a setback”.

The markets have shed some of their gains from the early half of the day.

Total Sales At 66,971 Units Vs CNBC-TV18 Poll Of 64,900 Units

Total Sales Up 29% At 66,971 Units Vs 51,872 Units (YoY)

CBDT Clarifies GAAR Not Applicable To Investments Made Before April 1, 2017

Alert: GAAR Is General Anti-Avoidance Rule

The Nifty Defence index has surged by over 5%

The shares of IndiGo rose over 6% as the IOC clarified on ATF prices. In addition to that, crude oil prices also dipped.

Info Edge | Pawan Goyal Resigns As Whole-time Director & Chief Business Officer of Naukri w.e.f. March 31, 2026

The Securities and Exchange Board of India (SEBI) changed the way exchange-traded funds (ETFs) determine their net asset values (NAVs) on April 1st by implementing a revised valuation system for actual gold and silver held by mutual fund schemes.

Sacchitanand Uttekar, VP- Research (Derivatives & Technicals), Tradebulls

A new hybrid index fund that integrates exposure to government securities and stocks into a single passively managed scheme has been introduced by Zerodha Fund House.

According to the company, HCLTech is in a relatively fortunate position because of recent worries about AI disrupting IT services and worry about how the Middle East war may affect discretionary expenditure.

APLApollo Biz Update: Total Sales Volume Up 0.86% QoQ & Up 8.75% YoY At 9.24 Lk Tonnes

Blinkit CEO Says: Launching Blinkit inside the Mumbai Airport

Even though some areas of the larger financial sector continued to produce high stock returns, FY26 was a year that the Indian banking industry would prefer to forget, particularly in terms of earnings.

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Solarworld | Gets LoA For A Project Worth ₹267.5 Cr

Eicher Motors (VECV): Total Sales Up 10% YoY At 13,311 Units Vs 12,094 Units

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