TCS Falls Despite Strong Q4 Results, Nifty Auto Rallies on Easing Crude Prices - Paper by Pocketful

Apr 10, 2026

Saatvik Green Energy (+9.75%): Stock rallied after its subsidiary secured a ₹108.75 crore order for solar PV modules from EPC players, boosting its order book and renewable energy outlook.
Eicher Motors (+3.87%): Stock gained after Royal Enfield launched its first electric motorcycle, Flying Flea C6, priced at ₹2.79 lakh, marking its entry into the EV segment with deliveries starting May 2026.
IRB Infrastructure Developers (+3.69%): Stock advanced after reporting toll revenue of ₹783.5 crore for March 2026, up 20.7% YoY, reflecting strong traffic growth and operational momentum.
Tata Consultancy Services (-2.50%): Stock declined despite strong Q4 performance, with profit rising 12.2% YoY to ₹13,718 crore and revenue up 9.6% to ₹70,698 crore. EBIT margin expanded to 25.27%, supported by robust deal wins and AI-driven growth.

Auto | Nifty Auto (+2.85%): Index climbed with broad-based buying, led by M&M, Eicher Motors, and Bajaj Auto, supported by easing crude oil prices and improved cost outlook, boosting sentiment across auto stocks.
Realty | Nifty Realty (+2.08%): Index advanced with 9 gainers and 1 loser, supported by broad-based buying across real estate stocks, driven by improving demand outlook, stable interest rate expectations, and positive sector momentum.
Financial Services | Nifty Financial Services (+2.06%): Index rose after yesterday’s decline, supported by buying in key financial stocks, reflecting recovery in sentiment and renewed investor interest across the sector.
Nifty IT (-1.91%): Index declined, snapping a six-day rally, led by TCS and Infosys, amid selling in IT heavyweights despite strong broader market momentum driven by financials and domestic-focused sectors.

Technical Level: Nifty opened with a gap-up and maintained a positive trend throughout the session, with strong buying in the second half helping it close above the previous day’s high. Support was seen at 23,870, while resistance stood near 24,070.
Advance-Decline Ratio: Advance 2666 & Decline 575, indicating strong market breadth with broad-based participation.
The Big Picture: Oil prices eased below $100 despite ongoing tensions in the Strait of Hormuz. Limited shipping and geopolitical uncertainty kept markets volatile. While supply remains restricted, crude stayed near $96–$98, reflecting cautious sentiment amid concerns over disrupted global oil flows.
FII/DII Activity (April 09, 2026):DII Bought 956 & FII Sold 1,711, reflecting selling pressure from FIIs despite domestic support.

IPO Corner: Om Power Transmission IPO opens tomorrow, with pre-apply already live for investors to submit bids early.
Macro: USA Existing Home Sales (Mar) Data is scheduled to be released on Monday, offering key insights into the U.S. housing market and overall economic momentum.
Index Watch: Nifty opened on a positive note and recovered strongly after yesterday’s fall, supported by easing crude oil prices amid improving US–Iran situation. Market sentiment remained upbeat, with resistance seen near 24,300 and support placed around 23,870 levels.

Escalation: Escalation means a situation where tensions or conflict increase rapidly, especially in war. It often involves stronger actions or responses from opposing sides, leading to a more intense and serious situation.

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