The Market Crux

31 March 2026 04:25

Good morning traders 🌄

The Market Crux

30 March 2026 05:39

#NIFTY OPENING 270 POINTS GAP DOWN, PRESSURE WILL CONTINUE.

The Market Crux

30 March 2026 05:21

🍎🍎🍎🍎🍎

TRADE DATE: 30-Mar-26

#HAVELLS

SELL BELOW 1229
TARGET 1213
SL 1237

@TheMarketCrux
Not a trading call, only for study purpose!

The Market Crux

30 March 2026 05:21

🍏🍏🍏🍏🍏

TRADE DATE: 30-Mar-26

#ACMESOLAR

BUY ABOVE 270.7
TARGET 278.3
SL 266.9

@TheMarketCrux
#StocksToTrade
Not a trading call, only for study purpose!

The Market Crux

30 March 2026 05:21

🔥 #SENSEX SPOT Key Levels for 30-Mar-26 🔥

👉 CMP: 73,664

🚀 Bullish Above: 73,960
🎯 Targets: 74,150 >> 74,335

⚡️ Bearish Below: 73,530
🎯 Targets: 73,345 >> 73,210

Follow 👉 @TheMarketCrux

The Market Crux

30 March 2026 05:20

The #GIFTNifty, an early indicator for the benchmark #Nifty 50, is down 150 points or 0.65% at 22,678, indicating a gap down opening at #NIFTY.

The Market Crux

30 March 2026 05:19

Today morning Japan and South Korea equities tanked as much as 3%, and the broader MSCI Asia Pacific Index fell 2%.

The Market Crux

30 March 2026 04:40

*JSW steel:* Company completes transfer of BPSL steel business to JSW Sambalpur; advances JV with JFE steel. (Neutral)

*IOB:* Bank receives income tax demand notice for Rs 6.43B. (Neutral)

*Mazagon dock shipbuilders:* Company raises stake to 51% in colombo dockyard PLC following mandatory share acquisition (Neutral)

*Kalyani steels:* Company acquires 4.85% stake in clean renewable energy KK 1b for Rs 2.94 crore to strengthen captive renewable power sourcing (Neutral)

*Tata Motors PV:* JLR plant issue due to part supply constraint; sees no material impact from JLR disruption (Neutral)

*Bombay Dyeing:* Board appoints Niraj Kumar as CFO and CRO effective March 31, 2026 (Neutral)

*Indusind Bank:* RBI may push changes at IndusIndBank’s Board over a year after hedging scandal. (Neutral)

*Cummins:* Company gets tax demand & interest order of ₹105 cr for FY20-22. (Neutral)

*Acme Solar:* Company gets SCN from DGGI alleging short payment of GST on supply of goods and services. (Neutral)

*NHPC:* Company’s arm NHDC gets I-T demand notice of ₹231.78 cr. (Neutral)

*NTPC:* Company’s arm declares COD of 3rd & last part capacity of 75 MW out of 500 MW of Bhadla Solar PV project (Neutral)

*Vedanta:* Company to split in five next month (Agencies) (Neutral)

*Torrent Power:* Company has received a Rs 189 crore tax demand from the Lucknow authority.. (Neutral)

*Tata Steel:* Company has received Rs 385 crore relief in the excess coal production case related to Jharia mines output between FY01 and FY17. (Neutral)

*Interarch Building Products:* Company has approved raising funds through a QIP. (Neutral)

*India Cements:* NCLT Chennai has approved the merger of four subsidiaries, effective March 28. (Neutral)

*Ram Ratna Wires:* Company has approved capex for capacity expansion and process enhancement at its Silvassa manufacturing units. (Neutral)

Circuit filter change from 20% to 10%: Prabha Energy. (Neutral)

*Gujarat Cotex Ltd* Ex-Date Monday, Right Issue of Equity Shares (Neutral)

*IRB Infrastructure Developers Ltd* Ex-Date Monday, Bonus issue 1:1 (Neutral)

*Triton Valves Ltd* Ex-Date Monday, Bonus issue 3:1 (Neutral)

*TVS Motor Company Ltd* Ex-Date Monday, Interim Dividend - Rs. - 12.0 (Neutral)

*Aster DM Healthcare Ltd* Ex-Date Thursday, Interim Dividend - Rs. - 3.0 (Neutral)

*CRISIL Ltd* Ex-Date Thursday, Final Dividend - Rs. - 28.0 (Neutral)

*IREDA Ltd* Ex-Date Thursday, Interim Dividend - Rs. – 0.6 (Neutral)

*R&B Denims Ltd* Ex-Date Thursday, Bonus issue 1:2 and Stock Split from Rs.2/- to Rs.1/- (Neutral)

*TVS Holdings Ltd* Ex-Date Thursday, Interim Dividend - Rs. – 86.0 (Neutral)

*IDFC Bank:* Identifies 4 employees with role in Chandigarh fraud, say sources (Negative)

The Market Crux

30 March 2026 04:39

RUPEE IN FOCUS

• RBI Limits NOP-INR Positions Of Banks In The Onshore Market To $100 mn

Alert: NOP-INR Means Net Open Dollar- Rupee Positions Of Banks

• RBI Directs Banks To Bring Down Their Open Positions To $100 m By April 10

• Market Sources Say Banks May Be Holding Long Dollar Positions Much Higher Than $100 m

• Sale Of Excess Long Dollar Position Can Lead To A Sharp Rise In Rupee On Monday, Dealers Say

The Market Crux

29 March 2026 16:13

🚨 *Important: Market Changes from 1st April 2026* 🚨

From 1st April 2026, multiple major changes are being implemented across the stock market ecosystem:

1️⃣ STT increase in F&O
2️⃣ 50:50 margin requirement (higher cash needed)
3️⃣ Reduced leverage & stricter broker funding rules
4️⃣ New API trading regulations (limits + compliance)
5️⃣ Changes in broker & bank funding structure
6️⃣ Mutual Fund Rules Completely Changed (Major SEBI Reform)
7️⃣ Intraday Borrowing Rules for Mutual Funds
8️⃣ Share Buyback Tax Change
9️⃣ RBI Role – USD Liquidity / Bank Holdings

The Market Crux

29 March 2026 06:49

Raghuvir Synthetics has approved the sale of its 51% stake in Dreamsoft Bedsheets Pvt Ltd to promoter group individuals. The deal value is around Rs.51,000, and the subsidiary will cease to be part of the group following the transaction.

Torrent Power has acquired a 100% stake in Torrent Urja 47 Pvt Ltd for Rs.5 lakh from a grgroup entity on an arm's length basis. The newly incorporated entity currently has no turnover and will act as a vehicle for future thermal power acquisitions. Impact: Neutral to Slight Positive.

Nagarjuna Fertilizers faces an arbitration setback as the Bombay High Court directed enforcement of an award in its dispute with Trammo DMCC. The company has been asked to deposit about $16.4 mn and GBP 0.6 mn with interest and plans to challenge the order in the Supreme Court. Impact: Negative.

Emerald Finance partners with Vardhman Enterprises, Panchkula, Haryana to expand its Early-Wage-Access programme, enabling employees to access a portion of their earned salary before payday while strengthening its fintech platform.

NIS Management announced that its subsidiary, NIS Facility Management Services Pvt. Ltd., has secured a Rs.2.18 cr. CCTV surveillance project from Mumbai Police with execution scheduled from 1 April to 3 May 2026.

Chandan Healthcare secures a 10-year tender for installation and operation of a 1.5 Tesla MRI system at the 200-bedded Civil Hospital, Rohtak, which records a monthly OPD footfall of over 40,000 patients.

Patel Retall has crossed the milestone of 50 stores in the Mumbai Metropolitan Region with the launch of a new outlet at Thakurli, strengthening its regional retail presence.

ABS Marine Services has enhanced its offshore operations by contracting an Offshore Support/Supply Vessel (MPSV) and successfully taking delivery of the OSV 'HADES'.

Kaushalya Logistics has commenced operations at a new Commercial Carrying and Forwarding Agent (CCFA) depot in Muzaffarpur, Bihar, for the Adani Group.

Airfloa Rail Technology secures a domestic order worth Rs.22.91 cr. from BEML for lighting systems for Chennai Metro Phase II. Supplies are expected to commence in November 2026 and will be completed within 17 months.

Trom Industries secures multiple domestic solar EPC orders aggregating around Rs.3.04 cr. within a week from Iskcon Metals (650 kW), Apurvi Industries (225 kW) and Captalo Pharma (125 kW). All projects are scheduled for completion within one year.

Dev Information Technology signs an exclusive master distribution agreement with A21 Technologies LLP to expand the reach of its Al-powered product "Talligence" across India.

Hero MotoCorp posted Q3 EPS of Rs.69.3 and 9M EPS of Rs.214, which may lead to FY26 EPS of about Rs.280. The stock trades at a forward P/E of 19x vs peers at 34.8x, reflecting value potential.

Natco Pharma received tentative US FDA approval for Erdafitinib, a version of Balversa with estimated US sales of about USD 60 mn. Its FY26 EPS is seen around Rs.75 with the stock quoting at a forward P/E of 13.3x vs peers at 29x.

Voith Paper Fabrics posted Q3 EPS of Rs.18.6 and 9M EPS of Rs.73.5, which may lead to FY26 EPS near Rs.98 on equity of Rs.5.4 cr. The share trades at a forward P/E of 15.5x vs industry P/E of 44x.

Uniparts India posted Q3 EPS of Rs.7.4 and 9M EPS of Rs.23.7, which may lead to FY26 EPS of about Rs.30 vs Rs.19.4 in FY25, supported by its global off-highway engineering business.

Birla Corporation invest Rs.4335 cr. to expand cement capacity in core markets. The company reported 9M EPS of Rs.34, which may lead to FY26 EPS of about Rs.69 vs Rs.66 in FY25, with the stock trading at a forward P/E of 14.5x vs peers at 35x

Manoj Vatbhav Gems 'N' Jewellers posted 40% higher Q3 EPS of Rs.7.1 and 18% higher 9M EPS of Rs.17.8, which may lead to FY26 EPS of Rs.25. Stock trades at a P/E of 6.1x vs peers at 65x, indicating long-term value.

The Market Crux

29 March 2026 06:49

IPO Wealth Destroyer Alert: Recently listed Shree Ram Twistex has turned into a sharp wealth destroyer within a short period. The IPO was launched at Rs.104 on 25th Feb 2026, while the stock has already declined to around Rs.42.80 within a month of listing. Such steep declines highlight the risks associated with new listings during uncertain market conditions, and investors may remain cautious toward IPO investments until geopolitical tensions ease and market stability improves.

Friday night closing: Dow Jones closed down 793 pts.. Nasdaq fell 460 pts., S&P 500 declined 108 pts., while Gift Nifty was down 57 pts., signalling a negative opening for Indian stock markets on Monday. As per market grapevine, most companies' Q4 and Q1FY27 results may remain weak. Many investors have started shifting funds towards bank FDs, debt funds, PPF and small savings schemes instead of equity mutual funds. If the war continues for another 20-40 days. Nifty may slip towards 20,500-19,500. For the time being it may be better to avoid IPO investments until an official ceasefire is announced. Crude prices in spot-ready delivery have surged sharply from $61 to nearly $156 per barrel, while gas prices have jumped around 60-70% in spot markets. Russia is reportedly selling oil at a premium instead of a discount. Mutual fund investors may need to stay cautious as volatility remains high. For short-term market direction, investors should closely watch crude prices, gas prices, Fll flows, VIX and the rupee-dollar trend. Tuesday will remain a holiday in Indian stock markets, while global markets will stay open, which could lead to a gap-up or gap-down opening on Wednesday.

Real estate and construction stocks have come under significant pressure and the correction may not be over yet. Major declines include Ajmera Realty -46.1%, Lodha Developers -34.8%, Signature Global -34.7%, Embassy Developments-33.7%, Aditya Birla Real Estate -32.8%, Ahluwalia Contracts-32.3%, Ganesh Housing-31.9%. Sri Lotus Developers -30.3%, Puravankara -30.1%, PSP Projects -29.5%, Sunteck Realty -29.2%, Keystone Realtors -28.1%, Max Estates -27.5%, Prestige Estates -27.1%, Arkade Developers-27.0%, Prajay Engineers -26.5%, Raymond Realty -25.3%, Godrej Properties -24.8%, DLF -24.7%, Valor Estate -22.8%, Marathon Nextgen -22.4%, Shrtram Properties -21.8%, Brigade Enterprises -21.5%, Kalpataru -21.2%, Kolte-Patil Developers-19.0%, Phoenix Mills 18.9%, Sobha 17.0% and Oberoi Realty-13.3%. The sector is facing pressure due to geopolitical uncertainty, weak market sentiment, layoffs in white-collar jobs, high inflation and weaker earnings visibility. Real estate is largely sentiment-driven and dependent on liquidity, when income visibility and job security weaken, demand tends to slow sharply even if prices correct.

Indian Overseas Bank has received a tax demand order of about Rs.643 cr. from the Income Tax Department, which may remain negative for the bank.

Nifty targets given by various brokerage firms in mid-2025 for 2026 were much higher earlier. ICICI Direct, Motilal Oswal, JP Morgan and Elara Capital had projected around 30,000, while Goldman Sachs estimated 29,000 and Nomura projected 29,000-29,300. After the escalation of geopolitical tensions, estimates have been revised lower, with Goldman Sachs now projecting around 25,300, Nomura around 24,900, Citi around 27,000 and Bernstein as low as 19,000. As per astro-based market views, FY26-27 may prove more challenging for equity investors compared with FY25-26.

Alert: Russia has warned Japan that supplying weapons to Ukraine would be treated as a hostile act and could trigger a strong response. Middle East tensions are also escalating, with warnings of potential attacks on industrial facilities including steel plants across the Gulf region and Israel. Rising oil prices, a strong US dollar and geopolitical tensions are putting pressure on Asian economies, including India and South Korea. The key question for policymakers is whether they can manage the dual shock of higher energy costs and geopolitical instability.

The Market Crux

29 March 2026 06:49

Market veterans caution that global financial markets are currently highly headline-driven, where policy decisions and geopolitical developments can rapidly shift sentiment. In such volatile conditions, traders often focus on capital preservation rather than aggressive profit chasing. Strategies such as reduced position sizes, tighter risk management and avoiding large overnight exposures are increasingly recommended until stability returns.

The idea that markets only move upward is a myth. Corrections are a natural feature of markets driven by demand and supply. Historically, markets witness roughly three 5% corrections annually, while average intra-year drawdowns can approach 14%. During recessions, crises or periods of excessive valuations, bear markets can persist for extended periods. Individual stocks may also collapse even when broader indices remain stable or rise.

Goldman Sachs has reportedly downgraded India to "market weight" and reduced its Nifty 50 target to 25,900 from 29,300. Key reasons cited include elevated oil prices, weak foreign institutional investor flows and continued pressure on the Indian Rupee

Billionaires who lost everything indicates there is something like destiny: Anil Ambani- Rs.3.51 akh crore. Vijay Malya Rs. 22.585 crore. Mehul Choksi Rs. 13,000 crore. Nirav Modi Rs. 13,000 crore. Byju Raveendran Rs. 10.000 crore. Ramalinga Raju Rs. 7,136 crore. VG Siddhartha~ Rs. 7,000 crore.

The World Trade Organization has warned that the global trading system is experiencing some of the most severe disruptions in the past eight decades. According to forecasts cited by the Organisation for Economic Co-operation and Development, the Middle East crisis may push United States inflation to around 4.2% this year, the highest among the Group of Seven.

Prolonged market weakness-reported to extend beyond 542 days in certain segments-has been attributed to persistent foreign institutional investor outflows, fragile sentiment and tax-related concerns. Levies such as long-term capital gains tax (LTCG), short-term capital gains tax (STCG) and securities transaction tax (STT) are increasingly debated for their potential impact on liquidity and market participation, while investors continue to watch for policy measures that could revive momentum.

Market Breadth Weakness: Despite periodic rallies in Nifty 50, a large portion of stocks remain below their long-term trend levels. Around 71% of the top 500 stocks are trading below the 200-DMA, including 57% of large caps, 70% of midcaps and 79% of small caps. This weak breadth explains why many investor portfolios continue to underperform even when the index shows recovery. Liquidity pressures, Fll outflows and taxes such as LTCG, STCG and STT have also weighed on sentiment, contributing to the prolonged 542+ day market consolidation phase.

Foreign Capital Shift: Global investors are reportedly reallocating funds from India toward other Asian markets such as South Korea, Taiwan, and China. Data referenced from institutions like Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Bernstein Research indicate that earnings growth expectations and valuations in some Asian markets appear more attractive. For instance, semiconductor-driven growth in Korea and Taiwan, led by companies such as Samsung Electronics, SK Hynix, and TSMC, has strengthened investor interest. In comparison, India's valuations-around 18x forward earnings for the Nifty 50-are considered relatively expensive by some global investors.

Hormuz Risk Alert: Rising geopolitical tensions around the Strait of Hormuz have raised concerns over global oil supply stability. Reports suggest tighter control measures involving the Islamic Revolutionary Guard Corps, which could affect shipping and raise transportation costs. Given India's heavy dependence on imported oil, any prolonged disruption in this region could significantly impact inflation, trade balance and overall economic stability.

The Market Crux

29 March 2026 06:03

🛢 Crude Oil Production by Country (2025)

Million barrels per day 👇

🇺🇸 United States - 13.58
🇷🇺 Russia - 9.87
🇸🇦 Saudi Arabia - 9.51
🇨🇦 Canada - 4.94
🇮🇶 Iraq - 4.39
🇨🇳 China - 4.34
🇮🇷 Iran - 4.19
🇦🇪 UAE - 3.82
🇧🇷 Brazil - 3.74
🇰🇼 Kuwait - 2.58
🇰🇿 Kazakhstan - 2.06
🇳🇴 Norway - 1.85
🇲🇽 Mexico - 1.72
🇳🇬 Nigeria - 1.61
🇱🇾 Libya - 1.36
🇶🇦 Qatar - 1.31
🇩🇿 Algeria - 1.14
🇦🇴 Angola - 1.03
🇴🇲 Oman - 1.00
🇻🇪 Venezuela - 0.97
🇦🇷 Argentina - 0.79
🇨🇴 Colombia - 0.75
🇬🇾 Guyana - 0.73
🇬🇧 United Kingdom - 0.61
🇮🇳 India - 0.60

The Market Crux

28 March 2026 15:37

Upcoming economic events

The Market Crux

30 March 2026 05:49

STILL COMING BACK TO MY SENSES, HAD TO DOUBLE CHECK THAT ENTRY AND EXIT HAPPED AS IT SHOWS.

ZERODHA CHARTS WERE DEAD AND TRADE WAS TAKEN PURELY ON ORDER FLOW.

The Market Crux

30 March 2026 05:38

#NIFTY weekly + monthly expiry today + last session of this financial year + War impact = Expect a super volatile action packed day!!

Trade with caution, trade within limits...

The Market Crux

30 March 2026 05:21

🍎🍎🍎🍎🍎

TRADE DATE: 30-Mar-26

#HDFCAMC

SELL BELOW 2309
TARGET 2283
SL 2323

@TheMarketCrux
Not a trading call, only for study purpose!

The Market Crux

30 March 2026 05:21

🍏🍏🍏🍏🍏

TRADE DATE: 30-Mar-26

#RPSGVENT

BUY ABOVE 817
TARGET 858
SL 797

@TheMarketCrux
#StocksToTrade
Not a trading call, only for study purpose!

The Market Crux

30 March 2026 05:20

🔥 #NIFTY SPOT Key Levels for 30-Mar-26 🔥

👉 CMP: 22,835

🚀 Bullish Above: 22,925
🎯 Targets: 22,975 >> 23,030

⚡️ Bearish Below: 22,800
🎯 Targets: 22,760 >> 22,715

Follow 👉 @TheMarketCrux

The Market Crux

30 March 2026 05:19

Equity-index futures for the US (S&P 500) and Europe (Euro Stoxx 50) dipped 1.67% and 1.08% respectively.

The Market Crux

30 March 2026 05:18

Equity markets are feeling the strain amid ongoing tensions in the Middle East. S&P 500 fell 3.6% over Thursday and Friday, marking its worst two-day decline in a year, sending the benchmark 8.8% below its January record.

The Market Crux

30 March 2026 04:39

*🇮🇳 India Daybook ~ Stocks in News*

*Thermax:* Company secures boiler package supply order worth approximately Rs. 1,600 crore for an ultra-supercritical thermal power project (Positive)

*Defence Minister:* Defence minister clears ₹2.38 lakh crore defence buys; FY26 approvals hit ₹6.73 lakh crore (Positive)

*JNK India:* Company secures major order worth Rs 3-6B from JNK global, Korea for cracker furnace package support in Indian refinery project (Positive)

*SJVN:* Company 412 MW Rampur hydro power station sets new generation record of 2098.03 MU, surpassing FY 2019–20 levels (Positive)

*Dredging corporation of India:* Company current order book at Rs 1,400 crore, eyes Rs 3,000 crore turnover in 5–10 years (Positive)

*Sammaan Capital:* SEBI approves Avenir’s acquisition of controlling stake in company (Positive)

*Coal India:* Company forms 50:50 JV ‘DVC CIL Power Pvt Ltd’ with Damodar valley corporation for power generation & energy projects; initial equity Rs 3,132.96 crore approved (Positive)

*Gujarat fluorochemicals:* Company subsidiary GFCL EV raises ~ $80 mn from global investor, total funding reaches ~$130 mn including IFC; boost to battery materials capacity & EV supply chain position. (Positive)

*Dev Information Technology:* Company signs exclusive master distribution agreement with A21 technologies (Positive)

*Schneider electric infrastructure:* Company approves revision in capex for Vadodara plant to 1.56b rupees. (Positive)

*Yogi limited:* Company secures Rs 102 crore domestic orders for industrial components (Positive)

*Kaynes technology India:* SEBI issues settlement order in insider trading case. (Positive)

*Saatvik green energy:* Company material subsidiary secures Rs 14 crore order for supply of solar PV modules from leading IPPS/EPC players (Positive)

*Bombay Burmah Trading:* Company sells Dunsandle Estate tea plantation for ₹120 cr (Positive)

*GR Infra Projects:* Company bags EPC order worth ₹413.37 cr from NTPC (Positive)

*Deepak Builders:* Company emerges L1 bidder for a construction project worth ₹474.25 cr from Indian Oil (Positive)

*Arvind SmartSpaces:* Company has added its first residential apartment project in Mumbai, with a top-line potential of Rs 300 crore and a total estimated carpet area of 42,000 sq ft. (Positive)

*Ceigall:* Company has received an award from NHAI worth Rs 603 crore for a six-lane spur project in Punjab. (Positive)

*Mukand:* Company will sell 14.2 acres of partial land in Dighe for Rs 445 crore, three acres of land in Kalwa, Thane for Rs 111 crore, and a 50% undivided share of 2.44 acres of land in Dighe. (Positive)

*Gujarat Ambuja Exports:* Company has commenced production at its new maltodextrin unit, increasing total installed capacity to 23,000 MTPA. (Positive)

*KNR Constructions:* Company has received a Rs 1,734 crore Letter of Acceptance from NHAI for a road project. (Positive)

*Coal India:* Company has received a LoA for setting up a 750 MWh BESS plant at Choutuppal.. (Positive)

*PG Electroplast:* Company has received approval for incentive disbursement under the PLI scheme for white goods. (Positive)

*Enviro Infra Engineers:* Company has received a Rs 664 crore LoA from NTPC for BESS projects in two states. (Positive)

*Mahanagar Gas:* Washington State Investment Board bought 6.17 lk shares at Rs. 950.42 per share. (Positive)

*Apollo Micro Systems:* Motilal Oswal Mutual Fund bought 18.02 lk shares at Rs. 189.58 per share. (Positive)

*Jindal Stainless:* JSL Overseas Holding bought 1.80 lk shares. (Positive)

*Electrosteel Castings:* Badrinath Industries bought 11.37 lk shares. (Positive)

*Colgate-palmolive (India):* Company partners Mumbai Indians as dental performance partner for 2026 season. (Neutral)

*Eicher motors:* Royal Enfield launches 2026 guerrilla 450 apex with sportier design and enhanced performance; bookings open now, retail sales start march 31, 2026; new road-focused tyres and updated ride modes introduced. (Neutral)

The Market Crux

30 March 2026 04:37

It's all about being better every passing day.
Improve and handle your trades better than you did last time!!

The Market Crux

29 March 2026 06:49

Canara Bank posted 23% higher Q3 EPS of Rs.5.8 and 21% higher 9M EPS of Rs.16.7, which may lead to FY26 EPS of Rs.23 vs Rs.19.3 in FY25. Stock trades at a forward P/E of 6.7x and P/ABV of 0.94x vs PSU bank average.

Cosmo First completed a capex cycle of Rs.1140 cr. across films and new verticals. With 9M EPS of Rs.46, which may lead to FY26 EPS of Rs.60. Stock trades at a P/E of 11.8x vs industry P/E of 22x.

Rama Phosphates posted 300% higher Q3 EPS of Rs.4 and 458% higher 9M EPS of Rs.13.4, which may lead to FY26 EPS of Rs.18 vs Rs.3.9 in FY25. Share trades at a P/E of 6.5x vs industry P/E of 28x

Gujarat State Fertilizers & Chemicals posted Q3 EPS of Rs.3.9 and 9M EPS of Rs.15.6, which may lead to FY26 EPS of Rs.20 vs Rs.14.9 in FY25. Stock trades at a P/E of 7.5x vs industry P/E of 18.5x.

Jullundur Motor Agency posted Q3 EPS of Rs.4 and 9M EPS of Rs.11.5, which may lead to FY26 EPS of Rs.12.5. Share trades at a P/E of 7.3x vs peers at 37x.

Nahar Poly Films posted Q3 EPS of Rs.7.9 and 9M EPS of Rs.23.7, which may lead to FY26 EPS of Rs.30. Share trades at a forward P/E of 8x vs peers at 19x.

Tembo Global Industries acquires a 75% stake in Tembo Defense Products for Rs.126.7 cr. With an order book of Rs.1484 cr. and L1 pipeline of Rs.2185 cr., the co, has strong revenue visibility. It posted 9M EPS of Rs.42.6, which may lead to FY26 EPS of Rs.60+.

Talbros Engineering posted 18% higher Q3 EPS of Rs.14.8 and 9M EPS of Rs.38.6, which may lead to FY26 EPS of Rs.50. Stock trades at a forward P/E of 14.8x vs peer P/E of 35x.

RMC Switchgears receives an Lol worth Rs.201 cr. from Jaipur Discom, Rajasthan. It posted 95% higher H1 EPS of Rs.18.8, which may lead to FY26 EPS of about Rs.40. The share trades at 9.8x P/E vs industry P/E of 54x.

Tamilnad Mercantile Bank posted Q3 EPS of Rs.21.6 and 9M EPS of Rs.60.9, which may lead to FY26 EPS of Rs.82. Its GNPA declined to 0.20% from 0.41% y-o-y, while the stock trades at a forward P/E of 8x vs peers at 18x.

A Time Communications Publication

The Market Crux

29 March 2026 06:49

Market breadth remained extremely weak on 27-3-2026 with advances at 505 stocks against 2,814 declines, while 71 stocks remained unchanged. If the war continues for the next 20-40 days, Nifty may slide towards the 19,700 level as per market grapevine.

Global tensions remain elevated. Germany's Foreign Minister Johann Wadephul said there is no disagreement with the US on the Iran issue. Iran warned of potential attacks on steel plants across the Gulf and Israel, while Iranian media reported that the Yellowcake facility in Ardakan was bombed but without radioactive leakage. Authorities also stated there is no radiation risk at the Khondab site, while reports indicate that the Arak heavy water research reactor has been targeted.

Energy markets remain on edge as QatarEnergy has reportedly cancelled around 10 LNG cargo deliveries for April-June and extended force majeure until mid-June. Analysts warn that if the conflict continues and the Strait of Hormuz faces disruption, crude prices could surge sharply, with Macquarie suggesting oil could even approach $200 per barrel in an extreme scenario.

The United States has informed allies that the Iran conflict could delay weapons shipments to Ukraine, according to reports. The warning comes as US forces continue using significant volumes of air-defence interceptors and other military supplies in operations linked to the Iran conflict.

The Government of India has pegged HIFY27 gross market borrowing at Rs.8.20 lakh cr., around 51% of the full-year estimate, to be raised through 26 weekly auctions. The government will also conduct switching and buyback of securities to smoothen redemption. The Reserve Bank of India has fixed the WMA limit for H1FY27 at Rs.2.50 lakh cr., while post G-Sec switches the gross borrowing estimate has reduced to about Rs. 16.09 lakh cr. from Rs.17.20 lakh

ст.

Pine Labs has initiated the strike-off of its inactive wholly owned subsidiary Mopay Services Pvt Ltd to streamline its corporate structure. The entity has no business operations and minimal financial contribution, and the move is aimed at reducing administrative and compliance costs with no material financial impact expected.

Saatvik Green Energy has secured domestic orders worth about Rs.14.48 cr. for solar PV modules from IPPs and EPC players in India. The orders are scheduled to be executed by March 2026 and are expected to strengthen the company's solar order book.

Bombay Burmah Trading Corporation has sold the Dunsandle Tea Estate in the Nilgiris for around Rs.120 cr., of which Rs.110 cr. has already been received. The transaction forms part of the company's portfolio restructuring and will improve liquidity.

Crompton Greaves Consumer Electricals has launched the Energon EA4150 AC stabilizer (150-280V range) in the domestic market, expanding its consumer electricals product portfolio. The company stated that the launch does not qualify as a material event financially.

PTC Industries has received a credit rating upgrade from ICRA, with its long-term rating raised to [ICRAJA (Stable) and short-term rating to [ICRAJA1. The rated borrowing limit has also been increased to Rs.355 cr., reflecting strong order visibility and expansion in aerospace and defence components.

Polycab India has completed the amalgamation of Uniglobus Electricals with effect from 27th March 2026 following NCLT approval. The move aims to streamline the corporate structure and improve operational efficiency.

Kotak Mahindra Bank clarified reports of an alleged Rs.16 cr. FD fraud linked to the Panchkula Municipal Corporation, stating that the matter has no financial impact on the bank and that investigations are ongoing.

Polyplex Corporation has voluntarily dissolved its US step-down subsidiary PAR LLC with effect from 27th March 2026. The entity had nil turnover and limited net worth, and funds have been remitted to the parent as part of internal restructuring.

The Market Crux

29 March 2026 06:49

Volatility Signal: Even after a rally of about 500 points in the Nifty 50, the India VIX remains elevated. Normally, falling VIX signals stability and positive market sentiment, while a rising or flat VIX during rallies suggests lingering uncertainty and the possibility of renewed selling pressure.

India Macro Dashboard: Recent economic signals indicate a cautious outlook for the India. Inflation pressures remain visible, consumption growth appears uneven and foreign institutional investor flows continue to fluctuate due to global uncertainty. As a result, the market may gradually transition from momentum-driven rallies toward a more selective, fundamentals-driven phase.

Post-War Economic Reality: Even after geopolitical conflicts ease, the broader challenge may shift toward global

supply chain disruptions and energy market dynamics. Energy costs and currency weakness remain key concerns for emerging economies such as India, particularly when Crude Oil prices stay elevated. Small-cap companies, which are often more sensitive to energy costs and financing conditions, may remain vulnerable. In such an environment, a prolonged consolidation phase could help markets build a stable base rather than relying on sharp V-shaped recoveries.

Trading Wisdom: Trading is not a lottery ticket but a disciplined profession that requires patience, consistency and control over emotions. The Stop Loss (SL) is not an enemy; fear of it is. A trader who fears SL often shifts it, holds losing positions longer and exits winning trades too early. In reality, SL is simply the cost of staying in the market, just like rent in any business. When traders respect the stop loss instead of fearing it, they are able to take trades with confidence, allow winning trades to grow and maintain discipline. The simple mantra remains that the trader's job is to take the right trades, while the stop loss is merely the price paid to survive in the market.

Investor Participation Slows: The National Stock Exchange of India has witnessed a sharp decline in new investor registrations during FY26. New accounts fell nearly 30% to about 1.5 cr. compared with 2.12 cr. in FY25, marking the steepest drop since FY23. The slowdown reflects cautious investor sentiment amid volatile market conditions and lower participation from foreign institutional investors.

Correction vs Crists: During the COVID-19 market crash 2020, the Nifty 50 had declined nearly 38% from its peak to the bottom. The present fall of around 15% still falls within the range of a sharp correction rather than a full-scale market crisis. However, prolonged geopolitical tensions could create indirect damage across global financial markets, particularly in asset classes that are already overvalued. Segments such as private credit and low-rated structured credit could face higher risk globally if interest rates remain elevated and economic uncertainty persists.

Tortoise Stocks: Several well-known companies have delivered negligible or negative returns over the last decade, highlighting how long periods of stagnation can erode investor wealth. Stocks such as 1) Indus Tower: +1.50%. 2) Alembic Pharma: +1%, 3) Nilkamal: 0.80%, 4)HCC: 0.70%. 5) IDBI Bank: 0.32%. 6) LIC Housing: 0.40%. 7) ACC: 0%. 8) Castrol: 0%. 9) Bajaj Consumer: 0%. 10) Ashoka Buildcon: -0.50%. 11) Kansas Nerolac: -1%. 12) Indusind Bank: -2%. 13) Delta Corp: -1.50%. 14) Shoppers Stop: -1% 15) Amara Raja: -2% have generated very modest long-term returns, illustrating that not every well-known stock delivers wealth creation over long periods.

Upcoming Market Holidays: Trading on Indian stock exchanges will remain closed on Mahavir Jayanti on 31st March, Good Friday on 3rd April and Ambedkar Jayanti on 14 April.

The Market Crux

29 March 2026 06:49

MONEY TIMES TALK

30.3.26

₹

Although Money Times recommendation have outperformed other media, stock brokers and research houses, the brief recommendations under Money Times Talk (MTT) cannot display 'BUY', 'SELL' or 'HOLD' recommendations. Readers should, therefore, exercise their own judgement and evaluate the future prospects of the stock given its past performance, Industry prospects in the backdrop of a growing economy and in consultation with their investment adviser.

As per astrology view, some important turning dates are 30th March and 2, 7, 9, 13 and 15th April 2026.

Geo-Political Alert: As per market grapevine, the United States is pushing for a ceasefire but Iran is reportedly not

ready. If tensions escalate, Nifty 50 could test support levels at 22,500, followed by 21,900 and 21,200, with deeper downside near 20,500-19,980 as a possible reversal zone. In case of escalation, Brent Crude Oil may surge to 115, 120, 125, 130 or even 140. Strategy guidance suggests trading strictly based on risk appetite, maintaining stop-loss and capital discipline. Current uncertainty signals a challenging phase for equity investors, bulls and equity mutual fund participants.

Global Warning: Vladimir Putin reportedly indicated that a war involving Iran could have consequences similar to the COVID-19 Pandemic, posing risks to the global economy. As per market grapevine, markets entered FY27 expecting earnings growth of 13-15%, but current expectations have moderated to around 4-6%. After adjusting for the earnings downgrade, India's valuation appears closer to about 19x forward earnings, which is near the long-term average rather than cheap. Downside risk may still be about 7-8% on Nifty terms and around 10% for broader markets if tensions persist for another 20-30 days.

Astro Junction: According to astrological views, the conflict may not end before 14 April. Peace talks could begin between 15th April and 7th May. From 2 April to 14th April an Angarakyog phase is said to occur as Surya, Shani and Mangal align in one zodiac house.

War Conditions & Escalation Risk: Iranian officials have reportedly outlined key conditions for ending hostilities

with the United States and Israel. These include halting aggression and assassinations, international guarantees against future wars, defined reparations, cessation of hostilities across all fronts, and recognition of Iran's authority over the Strait of Hormuz. Reports also indicate rising military preparedness, with possible escalation extending toward the Red Sea and Bab al-Mandab Strait, potentially altering regional maritime security dynamics.

Dark side of stock market/long term Investment without constant monitoring: If you had invested Rs.1 crore 10 years ago in 1. Yes Bank Rs.3-4 lakh. 2. Reliance Communications = Rs.0. 3. DHFL Rs.0. 4. Suzion Energy Rs.7-9 lakh. 5. Vodafone Idea Rs.4-5 lakh. 6. PC Jeweller Rs.3-4 lakh. 7. JP Associates Rs.2-3 lakh. 8. Unitech Rs.50,000.9. Gitanjali Gems Rs.0. 10. Cox & Kings = Rs.0.

FII Outflow Concern: Foreign investors have reportedly withdrawn over $12 billion from Indian equities amid the Iran conflict, potentially making this one of the largest monthly sell-offs, surpassing the Rs.94,000 cr. outflow seen in October 2024. If Brent Crude Oil stabilises around $85-590 per barrel after the conflict, India's economic growth could moderate to about 6.5% from earlier projections of 7.2%, which may weigh on equity market sentiment.

Escalation in the Russia-Ukraine War has reportedly disrupted Russia's oil logistics after Ukrainian drone strikes hit key export terminals. As per reports, facilities handling nearly 1.7 mbpd capacity have been affected, temporarily

halting loadings. Such disruptions in Russia oil exports could tighten global supply and push up Crude Oil prices, which may weigh negatively on the India economy and equity market sentiment.

The Market Crux

29 March 2026 05:50

People are not interested in your story, they are intested in your SUCCESS.
Get the success and even your bad jock will get claps, that's how world works.

The Market Crux

28 March 2026 15:28

1) TCS will officially set-afire the ceremonial starters pistol for India’s fourth quarter earnings season for the fiscal year ending 2025-26 on Thursday, April 9, 2026.

1) Coal India (CIL (-4.93%, ₹ 445)
Coal India (CIL) plunged despite the company saying that it has plans to set up eight new coking coal washeries at an estimated capital outlay of Rs 3,300 crore.

3) BIOCON (-2.85%, ₹ 370)
Biocon declined following top-level leadership changes, with Shreehas Tambe appointed as CEO & MD from April 1, replacing Siddharth Mittal; Kedar Upadhye named CFO.

4) LARSEN (+3.76%, ₹ 3564)
Larsen & Toubro gained after its Water & Effluent Treatment arm secured a significant water management project from the Guwahati Metropolitan Drinking Water & Sewerage Board in Assam. Meanwhile, the company's senior management said that nearly all sites remain in operation, with a small number of sites shut down either voluntarily by the firm, or by the clients.

5) LUPIN (+0.53%, ₹ 2335)
Lupin gained traction after receiving tentative USFDA approval for its ANDA for Pitolisant tablets (4.45 mg & 17.8 mg).

6) BPCL (-1.77%, ₹ 283)
BPCL slipped despite reports that its JV NeuEN Green Energy secured a 10 KTPA green hydrogen supply contract from Numaligarh Refinery; the company also commissioned its second-generation bioethanol refinery at Bargarh, boosting its green energy push.

7) Godawari Power (+3.6%, ₹ 272):
Godawari Power jumps after announcing Rs 7,000 crore steel plant expansion
Godawari Power & Ispat surged after the company's board approved setting up a 1 million tonne per annum (MTPA) integrated steel plant in Chhattisgarh.

8) HDFCBANK (-3.11%, 756)
HDFC Bank slipped even after appointing external law firms to review the resignation of former chairman Atanu Chakraborty, following a sharp 11.7% decline over the last three sessions.

# In the week gone by, notable gainers amongst Nifty 50 were:
ONGC (+6.24%)
LARSEN (+3.76%)
APOLLO HOSPITALS (+2.51%)
HCL TECH (+2.3%)
BAJAJ FINANCE (+1.6%)

# And the losers were:
ADANI ENTERPRISES (-5.4%)
BEL (-5.01%)
COAL INDIA (-4.93%)
RELIANCE (RIL) (-4.69%)
TRENT (-4.49%)

# The Gyan Mantra

There is a bright chance that Nifty bears shall tighten their grip amidst supply risks around the Strait of Hormuz — a key artery for global crude shipments

Stay selective. Consider fresh buying only after geopolitical clarity emerges or stronger positive catalysts return to the market.

Until then, bears likely to be firmly in control — volatility shall remain the new normal, Caution remains the guiding mantra.



Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

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