share market
The turmoil that had been prevailing in the stock market for the last few weeks now seems to be gradually ending. In the month of March, tensions in the Middle East had given investors sleepless nights, but with the beginning of April, Dalal Street has returned to its glory. There is a bullish atmosphere in the market for the second consecutive week. The biggest relief is that the fourth quarter results of the companies are better than expected. On the basis of this bumper profit, the stock market has started swinging once again. On April 17, Nifty closed at 24,353 with a gain of 156 points, while Sensex also jumped by 504 points and closed at 78,493.
When global tension decreased, the market gained momentum
Behind this spectacular comeback of the market are not only the results of the companies but also the improving global situation. Geopolitical tension has reduced to a great extent due to rumors of talks starting between America and Iran. This has had a direct impact on the prices of crude oil, which have continuously remained below $100 per barrel. This is the reason that after showing a strong rise of 6 percent last week, this week also Sensex and Nifty managed to make a strong gain of 1.3 percent.
Companies opened the box of profits
The real enthusiasm in the market has been filled by the results of the fourth quarter (January-March) of the financial year 2026. From FMCG to broking and energy sectors, companies everywhere have earned handsomely. FMCG giant Bajaj Consumer Care’s net profit increased by more than 105 per cent year-on-year to Rs 63.59 crore. At the same time, broking firm Angel One has also surprised the market and earned a huge profit of Rs 320.23 crore, which is 83.5 percent more than last year.
The figures of cigarette manufacturing company VST Industries were even better. The company’s profit has doubled to Rs 117 crore. Apart from this, Waari Renewable Technologies has also registered a strong profit of Rs 155.7 crore with a jump of 66 per cent, while its revenue has crossed Rs 1,102.4 crore.
These shares became rockets
The direct impact of these bumper results was visible on the shares of the companies. These shares filled the pockets of investors in the trading session of April 17. Shares of Bajaj Consumer Care reached a new 52-week high (Rs 495.20) and after rising by 15.5 per cent during the day, closed with a gain of about 10 per cent. A spectacular rise of about 11 percent was seen in the shares of Angel One and leading brokerage houses are also positive about this stock. VST Industries created the biggest ruckus, whose shares fell by more than 15 percent. Its strong results also boosted the shares of other companies in the cigarette sector like ITC and Godfrey Phillips.
The market will keep an eye on these two big banks
These initial trends of companies have completely set the mood of the market, but the next big trigger is yet to come. On April 18, the country’s two largest private banks, HDFC Bank and ICICI Bank, will release their results. Both of them have a major stake in Nifty Bank and Nifty 50 index. When the market opens on April 20, the results of these banks will decide the future direction of the market.
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Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsh advises its readers and viewers to consult their financial advisors before taking any money-related decisions.
