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Consumer durables, realty and private bank shares witnessed strong buying interst while oil& gas, pharma and media shares traded lower.
At 13:25 ST, the barometer index, the S&P BSE Sensex, advanced 496.73 points or 0.68% to 73,816.28. The Nifty 50 index rose 158.65 points or 0.70% to 22,871.75.
In the broader market, the BSE 150 MidCap Index advanced 0.81% and the BSE 250 SmallCap Index rose 0.77%.
The market breadth was negative. On the BSE, 3,000 shares rose and 1,204 shares fell. A total of 212 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 0.90% to 25.75.
RBI MPC update:
The Reserve Bank of India’s Monetary Policy Committee (MPC) has begun its first meeting for FY 2026–27, scheduled from April 6 to April 8, with the policy announcement due on the final day.
Economists largely expect the central bank to keep the repo rate unchanged at 5.25%, as inflationary pressures remain a concern. Ongoing geopolitical tensions in West Asia are seen as a key risk to price stability, prompting policymakers to adopt a cautious approach despite earlier rate cuts.
Economy:
India’s services sector saw a slight cooling in momentum in March, with the seasonally adjusted HSBC India Services PMI Business Activity Index easing to 57.5 from 58.1 in February. This marks the slowest pace of expansion in 14 months.
Gainers & Losers:
Trent (up 7.05%), Titan Company (up 3.50%), Axis Bank (up 2.93%) and Shriram Finance (up 2.67%) were the major Nifty50 gainers.
Reliance Industries (down 3.49%), JSW Steel (down 1.89%), Oil & Natural Gas Corporation (ONGC) (down 1.43%), Max Healthcare (down 1.18%) and Dr Reddy’s Laboratories (down 0.84%) were the major Nifty50 losers.
Stocks in Spotlight:
HDFC Bank rose 2.36% after the bank’s average deposits jumped 12.8% to Rs 28,51,100 crore crore in Q4 FY26 compared with Rs 25,28,000 crore in Q4 FY25.
Kotak Mahindra Bank rose 0.29%. The bank’s average total deposits rose 14.9% YoY to Rs 5,38,301 crore as of 31 March 2026, compared with Rs 4,68,486 crore as of 31 March 2025. The bank’s average CASA deposits stood at Rs 2,11,898 crore as of 31 March 2026, registering a 12.7% YoY growth and a 1.9% QoQ rise.
IndusInd Bank rose 0.18%. The bank reported a 2.6% decline in deposits to Rs 4,00,178 crore as of 31 March 2026, compared with Rs 4,10,862 crore as of 31 March 2025. Retail deposits and deposits from small business customers stood at Rs 1,91,276 crore as of 31 March 2026, compared with Rs 1,85,180 crore as of 31 March 2025.
Avenue Supermarts (Dmart) jumped 2.87% after the company reported a 18.96% jump in standalone revenue to Rs 17,204.50 crore in Q4 March 2026 compared with Rs 14,462.39 crore posted in corresponding quarter last year.
Axis Bank rallied 3.20% after the bank reported steady growth in key business metrics for the quarter ended 31 March 2026, driven by continued traction in advances and deposits. Total deposits rose to Rs 13,35,800 crore, up 6.0% QoQ and 13.9% YoY. Gross advances stood at Rs 12,44,200 crore as of 31 March 2026, registering a 6.3% quarter-on-quarter (QoQ) rise and an 18.4% year-on-year (YoY) increase, reflecting sustained credit demand.
L&T Finance jumped 4.85% after the company’s retail disbursement climbed 62% to Rs 24,080 crore in Q4 FY26, compared with Rs 14,899 crore recorded in Q4 FY25.
Senco Gold zoomed 12.45% after the company’s standalone revenue jumped 46% YoY, led by wedding season. On annual basis, the company achieved revenue growth of 35% in FY26 comapred with 21% in FY25.
Vedanta added 0.61%. The company’s aluminium production jumped 2% to 613,000 tonnes in Q4 FY26, compared with 604,000 tonnes posted in Q4 FY25, supported by majorly through operational efficiencies.
Bank of Baroda rose 2.70% after the bank reported a 16.23% increase in global advances to Rs 14,30,204 crore as of 31 March 2026, compared with Rs 12,30,461 crore as of 31 March 2025. Global deposits increased 12.00% YoY to Rs 16,48,650 crore as of 31 March 2026, up from Rs 14,72,035 crore in the same period last year.
Nykaa surged 2.70% after it has reported a strong operational performance for the quarter ended 31 March 2026, with consolidated GMV growth in the high twenties and net sales value (NSV) growth in the low thirties.
Aurobindo Pharma rose 0.09%. The company said its board has approved a share buyback of up to Rs 800 crore at a price of Rs 1,475 per equity share through the tender offer route. The company plans to repurchase up to 54,23,728 fully paid-up equity shares, representing about 0.93% of its total paid-up equity capital. As per the latest available shareholding data, promoters and promoter group entities hold a 51.82% stake in the company.
Global Markets:
European market is closed today on account of Easter Monday.
Japan and South Korean stocks rose Monday, while most Asian markets were closed for holidays, as investors parsed the latest developments in the Middle East conflict over the weekend.
President Donald Trump on Sunday issued a fresh round of threats to attack Iran’s power plants and civilian infrastructure starting Tuesday, if Tehran failed to fully reopen the Strait of Hormuz.
The key oil chokepoint between Iran and the Arabian Peninsula handled about one-fifth of the world’s oil supplies before the war between U.S.-Israel and Iran started on Feb. 28.
In an expletive-laden social media post, Trump vowed to bring 'Hell” to Iran after U.S. forces rescued an American airman in Iran last week.
He later posted about a 'Tuesday 8 P.M. Eastern Time” deadline without elaborating. The White House on Sunday told MS NOW that the date is the new deadline for Iran to reach a deal with the U.S.
Trump said he will hold a press conference 'with the Military” at the Oval Office at 1 p.m. on Monday.
Iran has pushed back against Trump’s ultimatum to reopen the Strait of Hormuz, saying that the critical waterway would only reopen fully after damage from the war is compensated. Tehran has continued strikes on economic and infrastructure targets in the neighboring Gulf region, including Kuwait’s oil headquarters.
Eight members of the Organization of the Petroleum Exporting Countries and allies raised their production quotas on Sunday by 206,000 barrels per day for May, though the move appeared largely symbolic as the war has constrained shipments from several members.
On Thursday, the Dow Jones Industrial Average slipped in volatile trading as oil prices surged following President Donald Trump’s remarks that the Iran war would continue for weeks.
The blue-chip Dow declined 61.07 points, or 0.13%, closing at 46,504.67. The S&P 500 advanced 0.11% to end at 6,582.69, and the Nasdaq Composite gained 0.18% to settle at 21,879.18.
In the cash market, the Nifty 50 index surged 255.15 points or 1.12% to 22,968.25.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, was down 0.20% to 25.47.
HDFC Bank, Reliance Industries and Trent were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The April 2026 F&O contracts will expire on 28 April 2026.
As of 31st March 2026, the company’s portfolio of 1,286 stores includes 300 Westside, 963 Zudio (including 6 in the UAE) and 23 stores across other lifestyle concept.
On annual basis, the company’s standalone revenue from operations rose 18% to Rs 19,701 crore in FY26 as against 16,668 crore in FY25. Revenue from sale of merchandise grew 19% in FY26.
Trent is part of the Tata Group and operates a portfolio of retail concepts. The primary customer propositions of Trent include Westside, one of India's leading chains of fashion retail stores, Zudio, a one stop destination for great fashion at great value and Star, which operates in the competitive food, grocery and daily needs segment.
The company reported a 36.3% jump in standalone net profit to Rs 639.71 crore on 15.98% increase in revenue from operations to Rs 5,259.46 crore in Q3 FY26 over Q3 FY25.
Shares of Sammaan Capital are banned from F&O trading on Thursday, 5 February 2026.
Earnings to Watch:
Tata Motors Passenger Vehicles, Bharti Airtel, Bharti Hexacom, Hero MotoCorp, Hindustan Copper, Aditya Birla Fashion and Retail, Allcargo Logistics, Alembic Pharmaceuticals, PVR Inox, Berger Paints India, Godrej Properties, FSN E-Commerce, Page Industries, Power Finance Corporation, Borosil, Caplin Point Laboratories, Cemindia Projects, Dalmia Bharat Sugar and Industries, Data Patterns (India), Dhanuka Agritech, Dredging Corporation of India, Eveready Industries India, FDC, Gokul Agro Resources, Goodyear India, Harsha Engineers International, HealthCare Global Enterprises, Rail Vikas Nigam will declare their results later today.
Stocks to Watch:
Trent reported a 36.3% jump in standalone net profit to Rs 639.71 crore on 15.98% increase in revenue from operations to Rs 5259.46 crore in Q3 FY26 over Q3 FY25.
Tata Power Company reported 25.1% decline in consolidated net profit to Rs 771.98 crore on 9.37% fall in revenue from operations to Rs 13,948.41 crore in Q3 FY26 over Q3 FY25.
JSW Cement reported consolidated net profit of Rs 149.02 crore in Q3 FY26 compared with net loss of Rs 68.79 crore in Q3 FY25. Revenue from operations jumped 13.16% YoY to Rs 1621.22 crore in Q3 FY26.
Cummins India reported a 12.96% decline in consolidated net profit to Rs 486.06 crore on a 1.5% fall in revenue from operations to Rs 3006.24 crore in Q3 FY26 over Q3 FY25.
Metorpolis Healthcare’s consolidated net profit jumped 31.97% to Rs 4138.56 crore on 25.76% increase in revenue from operations to Rs 40,590.97 crore in Q3 December 2025 over Q3 December 2024.
Apollo Tyres reported 39.52% jump in consolidated net profit to Rs 470.51 crore on 11.77% rise in revenue from operations to Rs 7743.07 crore in Q3 FY26 over Q3 FY25.
Marico has entered into definitive agreements to acquire a 60% stake in Cosmix Wellness, the company which owns the brand, Cosmix – one of India’s leading digital-first functional wellness brands, at an valuation of Rs 375 crore.
Operating EBITDA climbed 23% YoY to Rs 822 crore. In Q3FY26, the company opened 17 Westside and 48 Zudio stores (including 1 store in the UAE). As of 31st December 2025, the company operated with a footprint of over 15 million sqft. across its fashion brands.
The company said that it believes that, given its approach to merchandise sourcing, price architecture, distribution, and disciplined inventory provisioning, the full-year results are more representative of the underlying health of the business. The gross margin profile of Westside and Zudio remained stable. Operating EBIT margin for Q3 FY26 stood at 13.8%, compared with 13.2% in Q3 FY25.
On consolidated basis, net profit jumped 2.73% to Rs 510.11 crore on 14.79% increase in revenue from operations to Rs 5345.06 crore in Q3 FY26 over Q3 FY25.
The company clarified that its consolidated revenue excludes sales from the Trent Hypermarket business due to accounting standards, though its share of profit from the venture is included under the equity method.
The Star business consists of 79 stores including the addition of 6 stores and closure of 5 stores during the nine months ended December 31, 2025. The company said it is pursuing multiple initiatives, including technology-led interventions, to enhance differentiation and improve customer convenience.
Noel N Tata, chairman, Trent said, “On a higher base, our fashion business registered category leading growth during the quarter. The customer sentiment is gradually improving and our business outlook for the medium term continues to remain positive. Our focus continues to be on portfolio growth, elevating products and enhancing store experience for our customers.
We have consistently delivered a differentiated consumer proposition that appeals to a wider audience across diverse markets. We believe an unwavering focus on being relevant to our customers and building resilience with our business model choices will continue to hold us in good stead. We are excited and remain committed to building out a sizable pure play direct-to-customer business across customer segments in the context of the market size and opportunity.
In our Star business, we continue to apply Trent’s playbook and the contribution of our own brands is now trending over 74% of revenues. We recognize that the expansion program for Star stores has been slower vis-à-vis our expectations and we are looking to accelerate this agenda in the coming periods. The opportunity in the food space for the Star proposition is exciting at the same time it is intensely competitive and we are calibrating our store portfolio to be more future-ready. We remain convinced that this business is well poised to deliver growing consumer value in the years ahead.”
As of 31st December 2025, the company’s store portfolio included 278 Westside, 854 Zudio (including 4 stores in the UAE) and 32 stores across other lifestyle concepts.
In the cash market, The Nifty 50 index declined 133.20 points or 0.52% to 25,642.80.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 0.69% to 12.17.
Trent, Hindustan Aeronautics (HAL) and PB Fintech (Policy Bazaar) were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The February 2026 F&O contracts will expire on 24 February 2026.
The counter rallied 4.98% to end at Rs 4013.20 on the BSE.
However, investors focused on the growth trajectory. Revenue growth was flat sequentially and matched the 17% YoY growth reported in Q2 FY26. This was slower than the growth seen in Q3 FY25, Q4 FY25 and Q1 FY26, raising concerns over moderation.
Store expansion remained strong. As of 31 December 2025, Trent operated 278 Westside stores and 854 Zudio stores, including four in the UAE. It also ran 32 stores across other lifestyle concepts.
During Q3 FY26, the company added a net 17 Westside stores and 48 Zudio stores. Net additions for the nine-month period stood at 30 Westside stores and 89 Zudio stores.
Despite consistent execution and aggressive expansion, the lack of sequential acceleration appeared to trigger selling in the stock.
In Q2 FY26, Trent's consolidated revenue from operations rose 16% year-on-year to Rs 4818 crore and EBITDA increased 14% to Rs 575 crore, while profit after tax grew 11% to Rs 373 crore.