Tale of the Tape 

Good evening everyone. The market rally continued for a SIXTH day today. Woo!

Nifty (+1.3%) and Sensex (+1.4%) soared as investors piled in. Midcaps (+1.3%) and Smallcaps (+1.1%) racked up solid gains too. 368 stocks in the NSE 500 ended higher.

Not a hint of red across sectors. PSU Banks (+3.2%) led the rally, followed by NBFCs (+2%) and Real Estate (+1.5%).

With Nifty erasing all of its 2025 losses, have we officially bottomed out? Read our top story to find out more and how best to play this market.

 Analysts are bullish on DLF (+2%). More details below on why it’s setting up for a solid FY26.

City gas distribution stocks saw solid gains today. Check out their charts below to find out why.

Titan (-3%) was the top Nifty loser after Ambit Capital red-flagged weak Q4 revenue growth.

Defence stocks were on fire today, continuing their recent rally. Bharat Dynamics, HAL and MTAR Tech rallied between +5% and +7% today.

Mahindra & Mahindra (-1%) was in focus after reports said it may acquire Sumitomo’s stake in  SML Isuzu. PS - they will also hike prices by 3% from April 1.

Order wins. Power Mech zoomed +16% after bagging a Rs 579 cr civil works order from BHEL. Diamond Power Infra was locked in a +5% upper circuit after getting a Rs 215 cr project from Adani Green.

TVS Holdings (+2%) declared an interim dividend of Rs 93 p/sh.

Here are the closing prints:

Market
Where Do We Go From Here?

The $NIFTY50.NSE ( ▼ 0.68% ) has officially erased its 2025 losses! We know what you’re thinking though: is this a dead cat bounce or is it a true bottom? And if we have bottomed, what should your strategy look like? Here’s what you need to know.

First up are valuations. Nifty’s PE ratio has hovered between 18.8x and 20.8x over the last week, down from ~24.38x back in Sept 2024. The fall has been even greater in midcaps (42x ---> 30x). The other thing driving sentiment is a long-awaited weakening of the US dollar. The American economy is looking iffy with Trump at the helm. This is good news for emerging & markets like India!

That said, while this is a decent correction & bounceback, remember we’ve hit deeper lows in the past (2008, 2020) before recovering. While the current situation isn’t the same, analysts say our recent lows could be retested before recovery. Also, don’t get too excited by FII buying last week, it was mostly due to rebalancing of global indices and not active participation.

So, where to buy when things are still uncertain? Most experts say look for a bottoming out in specific sectors & stocks and NOT the market as a whole. For example: Parag Parikh’s Rajeev Thakkar says they’ve added new positions in autos, PSUs and pharma firms. Meanwhile, Julis Baer’s Rupen Rajguru is bullish on NBFCs and OMCs.

Big Picture: We’re over the first hump. But keep in mind three big triggers for this recovery to sustain. The first is GDP growth; we need to hit 7%-plus growth in Q4. Secondly, we have to pray we’re not hit too badly by Trump’s tariffs on April 2. Finally, India Inc earnings need to improve in FY26. If we score poorly on all three, it’s not good news for Nifty!

Stocktwits Specials
Top 5 Blue Chips To Buy NOW!!!

Markets are back with a bang! The Nifty just had its best week in over 4 years and is on track to erase all of 2025’s losses. Here are 5 high quality blue chips to play this recovery, according to SEBI registered advisors. Miss it at your own cost!