Nifty Defence Rallies on Order Boost & Indigenisation; Godrej Properties slips despite strong Q4 – Paper by Pocketful

May 05, 2026

Godrej Properties (-4.75%): Stock fell despite strong Q4FY26; profit +73%, revenue +63%, margins improved. Profit booking weighed, though brokerages see upside; ₹10 dividend announced.
Alkyl Amines Chemicals (-2.74%): Stock fell after weak Q4FY26; net profit declined 1.41% to ₹45.37 crore, while sales rose marginally 0.22% to ₹386.91 crore; weak full-year performance weighed on sentiment.
Ambuja Cements (-2.50%): Stock declined after weaker-than-expected Q4FY26 performance, despite reporting a 78.5% YoY rise in net profit to ₹1,830 crore and 10% revenue growth to ₹10,892 crore; muted sentiment and margin concerns weighed on the stock.
Raymond Ltd. (-4.75%): Stock fell after Q4 results despite 8.2% revenue growth to ₹603 crore and EBITDA rising 26.2% to ₹75.7 crore; margin expansion and recent 30% rally led to profit booking.

Defence | Nifty India Defence (+1.28%): Index advanced after recent correction, with 13 gainers vs 5 losers; buying interest returned on strong order inflows, policy push for indigenisation, and improved sector outlook.
FMCG | Nifty FMCG (+0.64%): Index rose led by Hindustan Unilever, Nestlé India & Marico; defensive buying, stable demand outlook, and margin resilience supported sentiment.

Realty | Nifty Realty Index (-1.41%): Index fell the most today with 4 gainers vs 6 losers; profit booking after recent rally and weak sentiment weighed on real estate stocks.
Consumer Durables | Nifty Consumer Durables Index (-0.96%): Index fell on profit booking in discretionary stocks; muted sentiment and demand concerns weighed on the sector.

Technical Level: Nifty opened with a gap-down, saw high morning volatility, dropped to 23,884 support, then reversed upward toward 24,080 resistance, indicating a consolidation range.
Advance-Decline Ratio: Market breadth remained mixed to negative with 1600 advances against 1680 declines, indicating slight selling pressure across the market.
The Big Picture: European markets edged higher as gains in mining stocks offset media losses, while volatile oil prices amid Iran tensions kept investors cautious; rate holds by European Central Bank and Bank of England supported overall sentiment.
FII/DII Activity (April 29, 2026): DIIs bought ₹4,764 crore, while FIIs bought ₹2,836 crore, indicating strong institutional buying support.

IPO Corner: Valur 360 Communications SME IPO Closing tomorrow, last day to invest.
Macro: USA API Crude Oil Stock Change (May/01) & Korea Inflation Rate YoY (Apr) due tomorrow.
Index Watch: Nifty opened on a negative note and remained in consolidation throughout the day, forming a higher high on the daily candle with strong support near 23,800, while global cues stayed neutral and FII/DII buying supported sentiment, with resistance seen at 24,300.

Pullback: Market’s ability to recover quickly from declines or volatility, showing strength as prices rebound despite negative cues, selling pressure, or uncertain conditions.

👀 Stay tuned. Stay diversified.

Until next time,

Team Pocketful.

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