Published on 07/04/2026 11:04 AM
In September of last year, Pace Digitek announced its ₹820 crore initial public offering (IPO), which nearly reached full subscription. During the three-day subscription period, just 1.03 times as many shares were subscribed to the retail portion.
The Nifty Index has vacillated from lows to highs and then back to lows. The Index is now down 120 points.
The shares of Titagarh Rail surged over 9%.
Production cuts Brazil, China, Australia
Higher crude oil prices increase cost of synthetic polyester
The shares of Kernex Micro surged over 6% in today’s trade.
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Vinay Rajani, Sr Technical and Derivative Analyst, HDFC Securities
According to Karan Taurani, EVP at Elara Capital, Nykaa continues to produce consistent growth in beauty of 20% or more, but high valuations restrict upside, and margins and competition are still important aspects to keep an eye on.
Due to supply problems and geopolitical tensions surrounding Iran, crude oil prices are still high, with Brent at $111 per barrel and WTI at $115. Actual supply is still limited even after OPEC+ announced an increase in output of 2.6 lakh barrels per day.
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The shares of Wipro surged, making it one of the major gainers on the IT index’s corner.
The largest IT company in India has also surged in the intraday trade, rising over 1%.
The shares of the mid-cap IT stock Mphasis also rose as IT stocks rose
Since geopolitical unrest frequently creates buying opportunities, Ed Yardeni believes that the erratic stock market has reached a bottom. He acknowledges, though, that nothing is definite as investors continue to monitor the volatility brought on by the assault on Wall Street.
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The Nifty Auto index is one of the worst-performing sectoral indices
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According to Skymet, India’s southwest monsoon in 2026 will be 94% of average, with deficits in the north, west, and central regions and more rain in the east and northeast. El Niño is predicted to have an impact on the monsoon season’s second half.
Sudarshan Sukhani, Proprietor, Technical Trends
Market recovers from opening lows; Nifty back near 22,900
According to BofA, value is emerging, especially in large banks, and the recent slump in banking equities seems excessive. Citing the present macro outlook and favourable valuations, it has become more positive about the segment.
Following the release of the company’s business update for the quarter and fiscal year that concluded on March 31, 2026, Jubilant FoodWorks Ltd.’s shares began trading on Tuesday, April 7, with losses of up to 7%.
Hindalco is the top Nifty gainer on JPMorgan upgrade
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Kalyan Jewellers extends gain, rises nearly 2% on Q4 update
CreditAccess jumps over 9% on Q4 update impact
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