Today’s Market Preview
Bazaar likely to open flat-to-positive tracking Gift Nifty premium, but volatility expected ahead of RBI MPC policy tomorrow. Nifty support 22,800-22,900, resistance 23,100-23,200; Bank Nifty crucial 48,500 defense. Sector rotation likely from IT/Pharma towards Auto/FMCG on rural recovery hopes.
Key Sectors to Watch
Primary focus: Banks (RBI policy preview), Auto (SUV volume data), Metals (China stimulus rumors), IT (US data reaction). PSU Banks, Midcap IT, Specialty Chemicals likely outperformers; avoid overvalued smallcaps post-recent run-up.
Global Market Status
US markets mixed Friday (Dow +0.2%, Nasdaq -0.1%) ahead Fed minutes; Europe flat on ECB caution. Asia mixed: Nikkei +0.8% (Toyota rally), Hang Seng -0.3% (China property fears). Crude $72.5 (war premium intact), Gold ₹72,800 testing highs.
Gift Nifty & Dollar Index Update
Gift Nifty +25 pts (23,050) signaling flat-positive open. Dollar Index 106.2 stable, INR likely 84.45-84.55/USD range. VIX India 14.2 moderate, F&O PCR 0.92 neutral bias.
Stocks in Action Today
High probability movers: INDUSINDBK (RBI reassurance bounce), LICHSGFIN (oversold housing finance), M&M (SUV leadership), JIOFIN (NBFC rotation). Watchlist: HDFCBANK, ICICIBANK, RELIANCE, TCS, INFY, BAJFINANCE, ASIANPAINT.
Company Results Today
No major Nifty50 results scheduled April 06. Focus on midcaps: PVRINOX, CYIENT, MAZDOCK Q4 previews. US earnings: DISNEY, CONMED post-market impact tomorrow.
Ban List Status
Currently NIL stocks in F&O ban as of April 05 close. Monitor: BAJAJFINSV, GNFC (high OI buildup), PVRINOX (post-results volatility risk).
FII & DII Activity (Latest)
Friday (April 04): FII net SELL ₹2,847 Cr (9th consecutive outflow), DII BUY ₹3,921 Cr (aggressive absorption). Cash segment FII:DII ratio 0.72:1 bearish. F&O: FII net PUT writing at 23,000CE/22,800PE suggests 23,000 hurdle.
Market News & Events
Critical: RBI MPC April 7-9 (repo cut 25bps expected, liquidity boost), US Non-Farm Payrolls today (160K forecast vs 200K prior), Middle East ceasefire talks impacting crude. Sector: Auto PLI disbursements, SEBI T+0 settlement pilot expansion. Corporate: Tata Steel Europe restructuring, Adani Green 2GW order pipeline.
Comprehensive Disclaimer
Purely educational market commentary disclaiming investment advice or trading recommendations. Substantial capital loss risks exist; consult SEBI-registered advisors for personalized guidance matching risk profile and objectives. No guarantees on market direction or stock performance.
Conflict Disclosure
No positions held in mentioned stocks/derivatives by analysts/firm as of April 06, 2026. Independent analysis from public sources; no compensation from covered companies.