Post Market Update- Early panic gives way to positive ending

Stocks in the news-

1. Lupin unit Nanomi to acquire remaining 43.38% stake in Philippines arm for up to $39.6 million.

2. Astra Micro JV bagged orders worth Rs. 251 cr for supply of software defined radio for HAL, Bengaluru.

Economic news-

1. HSBC/S&P Global March Final Manufacturing PMI came in at 53.9 Vs. 56.9 in Feb.

Indian indices-

After seeing a brutal opening, the Indian indices have staged a smart recovery to end April 2, 2026, near the day's high. The initial panic was fueled by escalating geopolitical tensions in West Asia and a spike in Brent crude prices. But resilient buying particularly in the IT sector and a strong rupee led the markets to close higher. At close, the Sensex was up 185.23 points or 0.25% at 73,319.55, and the Nifty was up 33.70 points or 0.15% at 22,713.10.

Rupee ended at 93.10/$ Vs March 30, close of 94.83/$.

Buzzing stocks on BSE-

1. V-Mart Retail surged 12.89% to Rs. 546.60, after the company’s revenue from operations climbed 24% to Rs 971 crore in Q4 March 2026 compared with Rs 780 crore posted in Q4 March 2025.

2. JTL Industries climbed 2.95% to Rs. 49.97, after the company has achieved its highest-ever quarterly sales volume of 1,23,262 MT in Q4 FY26, registering the growth of 50.5% compared with 81,885 MT in Q4 FY25.

Global Signals-

Asia-Pacific markets plunged as oil surges after Trump’s speech on Iran war.

European stocks fell as tech sector faces worst day since February 3.