India is witnessing a surge in gold and silver demand ahead of Akshaya Tritiya, with trade expected to cross ₹20,000 crore this year.
India is witnessing a surge in gold and silver demand ahead of Akshaya Tritiya, with trade expected to cross ₹20,000 crore this year.
As per astrology view, some important turning dates are 20th, 22nd, 24th, 27th April 2026.
NIFTY OUTLOOK: 24353.55 FII 683.20 cr DII -4721.48 cr
(20th April – 24th April 2026)
As we discussed in the previous report dated 13th April 26 market behaviour remained on the expected lines during the week passed by as sellers takes the benefit of buyer’s breather and take the nifty down upto 23555.60.
Debt free dividend paying, Resonance Specialities, part of the IPCA Laboratories group, reported 124% rise in Q3FY26 PAT to Rs.2.51 cr. Promoters hold 54.25%. The stock appears undervalued at Rs.92 compared to its lifetime high of Rs.254 and may see strong re-rating potential.
Caustic soda prices surged nearly 20% in India. Lords Chloro Alkali, a leading producer of caustic soda and chlorinated paraffin wax, appears attractive at Rs.153 compared to its 52-week high of Rs.242.
*Business Standard*
Irdai seeks detailed data on distributor commission of life insurers
Credit growth outpaces deposit mobilisation in FY26 despite easing
NIFTY OUTLOOK: 24196.75 FII 382.36 cr DII -3427.75 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as positive trend take the nifty rally upto 24400 but failed to sustain and slip near to our support of 24110 i.e. made a day low of 24102.8
Everest Kanto Cylinder with reserves of Rs.1184 cr. against equity of Rs.22.44 cr. reported strong Q3FY26 performance with PAT at Rs.35.73 cr. versus Rs.13.66 cr. Q-o-q growth of 162% and margin improvement to 14.6%. With PE of 11, ongoing capex, expansion at Mundra and upcoming Egypt operations, the stock appears undervalued at Rs.111 compared to its higher levels.
The Indian IPO market is undergoing a strategic shift as companies adjust their plans in response to volatile market conditions. Instead of aggressive valuations, firms are now focusing on realistic pricing and sustainable growth narratives.
Investor behavior in the IPO market is evolving, with greater emphasis on company fundamentals rather than hype-driven listings. Market participants are becoming more selective in choosing IPOs.
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