Titagarh Rail rises on ₹610 crore expansion approval; Nifty IT extends gains for third straight session - Paper by Pocketful

Apr 07, 2026

Titagarh Rail Systems (+8.74%): Stock rose after subsidiary received ₹610 crore expansion approval, boosting shipbuilding capacity, strong volumes, and improving growth outlook in defence and maritime sectors.
Gallantt Ispat (+13.74%): Stock surged despite weak markets after strong Q4 update billet sales rose 30% YoY to 19,377 MT, capacity utilisation at 91%, and steel sales/production up ~9% YoY, supporting growth momentum.
Jubilant FoodWorks (-10.40%): Stock fell sharply after Q4 update missed expectations, with ₹2,506 crore revenue19% YoY, but weak 0.2% same-store sales growth, raising concerns over demand slowdown and margins.
ACME Solar Holdings (-1.09%): Stock fell despite commissioning 76 MW BESS (total 247 MW of 285 MW), as project completion remains partial, keeping sentiment weak.

IT | Nifty IT (+2.50%): Index advanced for the third consecutive session, with all constituents trading in green, driven by broad-based buying, improved sentiment, and strength across IT majors.
Realty | Nifty Realty (+1.67%): Index gained for the third straight session, supported by improved market sentiment driving prices upward, led by Phoenix Mills, Prestige Estates, and Oberoi Realty.
PSU Bank | Nifty PSU Bank (-0.71%): Index declined with only 2 gainers and 10 losers, dragged by profit booking, rising bond yields, and weak sentiment across PSU banking stocks.
Nifty Consumer Durables (-0.19%): Index showed balanced movement with 8 gainers and 7 losers, supported by selective buying in key stocks and steady consumption sentiment.

Technical Level: Nifty opened with a gap down moved lower then recovered slowly throughout the session made support near 22720 in the morning and moved upward near close facing resistance around 23150.
Advance-Decline Ratio: DII bought ₹8,089 crore while FII sold ₹8,167 crore indicating mixed institutional activity in the market
The Big Picture: Gold prices rose amid cautious sentiment as Trump’s Iran deadline heightened geopolitical tensions. Spot gold gained 0.6% to $4,674, while futures climbed 0.4%. Rising oil prices and inflation concerns supported bullion, though expectations of no Fed rate cuts and higher interest rates limited upside in the near term.
FII/DII Activity (April 06, 2026): Advances stood at 2082 while declines were at 1147 reflecting broad-based market strength with positive market breadth

IPO Corner: Emiac Technologies and Safety Controls & Devices IPOs close tomorrow with investors closely tracking subscription trends and last day demand for listing cues.
Macro: USA FOMC Minutes & India RBI Interest Rate Decision data are scheduled for release tomorrow, which may influence market sentiment.
Index Watch: Nifty extended its rally for the third consecutive session, supported by easing geopolitical tensions and a pause in war concerns, driving a recovery in market sentiment. The index sustained above previous highs, indicating strength, with resistance seen near 23,300 and immediate support around 22,500, while investors remain watchful of global developments.

Consolidation: A phase where the market or a stock moves sideways within a range after a sharp rise or fall, as buyers and sellers reach temporary balance before the next big move.

Pocketful Paper