The Week It Was | April 1–7, 2026
Market Recovery: After a shaky start to the month, the Sensex reclaimed 73,320 and Nifty touched 22,950 this week, driven by a strong rebound in HDFC and SBI stocks.
* IPO Central: Safety Controls & Devices Ltd (SME) dominated investor conversations this week; bidding closes tomorrow, April 8.
* Upcoming Launch: Om Power Transmission is set to open its Main Board IPO this Thursday, April 9, with a price band of ₹166–₹175.
* Corporate Moves: Sanghi Industries completed its amalgamation process this week, a major consolidation move in the Gujarat cement and infra sector.
* Funding Spring: New Q1 data shows Indian startups raised $4 billion in the first three months of 2026, a sharp rise compared to last year’s “funding winter.”
* Tech Opportunity: The Gujarat Govt launched the ₹1,000Cr STI Policy. Startups in AI and Semiconductors can now access dedicated grants through the Gandhinagar portal.
* Auto Shift: In a surprise Q4 FY26 twist, BMW edged past Mercedes in Indian luxury car sales, though Mercedes maintains the lead for the full calendar year.
* The “Living Lab”: The AMC’s new startup policy officially went live this week, allowing private tech firms to test “Sponge City” and traffic models using city data.
Next Week Predictions (April 8–14, 2026)
* Market Outlook: Expect a “Sideways to Bearish” bias. While the RSI indicates the market is in an “oversold” zone (meaning a bounce-back is possible), resistance is heavy at the 23,000–23,500 Nifty range.
* Key Event: April 10 (Friday) will be the most critical day for logistics firms and transporters as the mandatory FASTag/UPI transition for tolls begins.
* Ahmedabad Impact: As the April 11 nomination deadline for Gujarat’s civic polls approaches, expect a surge in local political activity and potential traffic diversions near government offices.
* Sector to Watch: Defensive sectors like Pharma and FMCG are expected to outperform as investors seek safety amid global energy price volatility.
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