Trent Rallies on Strong Q4 Revenue of ₹4,937 Cr; Trump Warns Iran to Reopen Hormuz or Face Action - Paper by Pocketful
Market Recap: 6th April, 2026
Stock News Highlights
Trent (+7.97%): Stock rallied sharply after ₹4,937 crore Q4 revenue (+20% YoY), ₹510 crore profit, and strong expansion with 198 Zudio, 52 Westside stores boosting growth outlook.
Avenue Supermarts (+4.33%): Stock gained after reporting ₹17,204 crore Q4 revenue, up 18.96% YoY, with store count reaching 500, reflecting steady demand across FMCG and retail segments.
J Kumar Infraprojects (+0.37%): Shares traded in green after the company secured a ₹1,184 crore contract for the design, engineering, and construction of an international exhibition-cum-convention centre in Lucknow (Vrindavan Yojna) on EPC mode, boosting order visibility.
Rail Vikas Nigam (0.34%): Shares remained unchanged despite the company receiving a ₹242.5 crore Letter of Award from South Central Railway for OHE upgradation (1x25kV system), involving design, supply, erection, testing, and commissioning.
Sectoral Performance
Consumer Durables | Nifty Consumer Durables (+2.60%): Sector rallied led by Titan Company, Kalyan Jeweller & Havells India amid strong buying interest, improving consumption outlook, and positive sentiment across discretionary spending stocks.
Financial Services | Nifty Financial Services (+2.34%): Index moved higher led by HDFC Bank, ICICI Bank & Axis Bank on sustained buying in banking stocks, supported by improving credit demand and positive sentiment in financial space.
Oil & Gas | Nifty Oil & Gas (-1.37%): Sector declined sharply amid rising crude prices, margin concerns, and broad-based selling pressure across energy stocks, with 9 gainers and 6 losers in the index.
Media | Nifty Media (-0.22%): Index remained largely unchanged in red amid mixed sentiment in media stocks, with 4 gainers and 7 losers in the index.
Market Insights
Technical Level: Nifty Opened with a gap-down, declined to a new low, found support near 22,180, and rebounded strongly to close above the previous day’s high, with resistance near 23,000.
Advance-Decline Ratio: Market breadth remained positive with 2,511 advances against 746 declines, indicating broad-based buying across the market.
The Big Picture: Oil prices declined after volatile trading as U.S. President Donald Trump warned Iran to reopen the Strait of Hormuz or face potential attacks. The disruption has threatened nearly 1 billion barrels of supply, raising concerns over global availability. Despite OPEC+ announcing production increases, damaged infrastructure and ongoing geopolitical tensions continue to impact oil markets.
FII/DII Activity (April 2, 2026): DII remained net buyers at ₹7,208 Cr, while FII continued offloading, remaining net sellers at ₹9,931 Cr.
Watch Out For Tomorrow
IPO Corner: Safety Controls and Devices SME IPO opened today aiming to raise ₹48 crore via fresh issue with price band ₹75 to ₹80 per share listing on BSE SME
Macro: USA Durable Goods Orders MoM (Feb) & Japan Household Spending YoY (Feb) data are scheduled for release tomorrow, which may influence market sentiment.
Index Watch: Nifty opened on a positive note, extending gains for the second consecutive session as easing global tensions supported the rally, closing above the previous day’s high with resistance near 23,300 and support at 22,500, while Trump’s warning to Iran kept investors cautious amid geopolitical uncertainty
Word of the day
Sentiment: Sentiment refers to the overall mood or attitude of investors toward the market or a stock, influencing buying or selling decisions and driving price movements based on optimism or fear