Mumbai, 09 April 2026:
Nifty enters weekly expiry near 24,000 after its biggest single-day gain in nearly a year, but traders now face a sharper test: TCS Q4 earnings, Brent above $96, and fresh Strait of Hormuz toll concerns.
Gift Nifty at 23,985, VIX near 19, and persistent FII outflows point to a flat-to-mildly negative start, even as Wall Street’s relief rally and mixed Asia cues keep downside limited.
The stock-specific action is broad: TCS, GM Breweries, Anand Rathi Wealth, Lupin, NHPC, NTPC, and Poonawalla Fincorp remain key radar names, while Bank Nifty’s 55,000 support after a 3,000-point rebound keeps financials in leadership.
The bigger macro trigger is oil. With Brent above $96 and market chatter around potential Hormuz transit toll risks, inflation and freight-cost fears are back in focus despite ceasefire hopes.
