India’s benchmark indices posted six straight sessions of gains, buoyed by strong performance in financial stocks.

• Nifty 50: +41.70 pts (+0.17%) to 24,167.25

• Sensex: +187.09 pts (+0.24%) to 79,595.59

• Nifty Bank & Financial Services: Hit all-time highs, indicating sustained bullish sentiment in the BFSI space.

🧠 Key Catalysts to Monitor

🏦 Macro Developments

• RBI MPC Minutes (Apr 9): The 25 bps rate cut to 6% and a shift to accommodative stance implies potential liquidity support — expect continued strength in rate-sensitive sectors like banking, NBFCs, and real estate.

• India PMI (S&P Global): Strong numbers may fuel rallies in capital goods, industrials, and logistics.

💰 F&O Trends

• Put-Call Ratio (PCR) at 1.0: Neutral, but leaning bullish as put OI at 24,000 increases — this is a crucial support level.

• Max Call OI at 25,500 (resistance) → watch for breakouts or reversals.

• April Futures OI down 20%: Indicates profit-booking or short-covering — keep tight SLs on index plays.

• Ban Stocks: RBL Bank, Manappuram Finance — avoid fresh F&O positions here.

💼 Earnings Highlights & Stock Insights

🔼 Strong Results — Long Bias

• AU Small Finance Bank:

  • NII up 57%, Profit up 35.9%, NIM improves to 5.8%.

  • Asset quality improvement (Gross NPA ↓ to 2.28%) + cost efficiency boost (C/I ratio from 65% to 55%) = intraday bullish bias.

• Havells India:

  • Revenue up 20%, Net Profit up 15.9%, beats estimates.

  • Dividend of Rs 6/share adds positive sentiment. Good candidate for swing or short-term long.

• Waaree Energies:

  • EBITDA margin improves to 23%, Revenue up 36.4%.

  • Clean energy momentum + strong Q4 = potential breakout stock.

• Cyient DLM:

  • Revenue up 18.3%, Profit up 36.6%, margins strong at 13.4% — midcap momentum likely.

🔁 Mixed Performance — Wait & Watch

• HCLTech:

  • Revenue largely in line but EBIT and profit miss.

  • EBIT margin down to 17.99%, Guidance soft — watch for gap down or short-term sell-off, but tech often recovers on dips.

• Tata Communications:

  • Profit up 341% (Rs 1,040 Cr), but EBITDA down 5% — exceptional gain skews numbers.

  • Use dips for entry with SL around Rs 1,000.

🔻 Weak Results — Short Bias

• M&M Financial:

  • Net profit down 31.8%, despite revenue growth.

  • Signs of margin pressure — could be a short candidate.

• Vardhman Special Steels:

  • Revenue, profit, and margin all down — clear downtrend, avoid long positions.

• Delta Corp:

  • Revenue dip + reliance on exceptional items for profit — prone to profit booking.

🔎 Stock-Specific Triggers (News & Events)

📈 Positive Triggers

• Ashoka Buildcon: Secured Rs 569 crore railway contract — likely to attract buying.

• Bharti Airtel: Subsidiary buys 400 MHz spectrum from Adani — positive for 5G/infrastructure play.

• Aditya Birla Capital: IRDAI registration received — can spark renewed interest in the stock.

• Infosys: New energy consulting arm — signals diversification and new verticals.

⚠️ Caution Zones

• IndusInd Bank: Internal audit into microfinance — expect volatility, especially with EY’s involvement.

• PFC & Gensol Engineering: Over Rs 300 crore in dues pending — potential credit risk theme.

🛍️ Bulk Deals & Technical Cues

• RBL Bank: Heavy institutional selling — price may stay under pressure near-term.

• ASM Framework Changes:

  • Watch GNA Axles, Liberty Shoes for increased volatility (short-term ASM Stage 1).

  • Swaraj Engines out of ASM — could attract fresh buying.