Q4 Update Sparks Rally in Senco Gold, Wipro Bags a $1 Bn Deal, Oil and Gold Remain Lower
- Share.Market
- 10 min read
- 06 Apr 2026
Here’s a quick wrap-up where we break down the performance of key indices, top corporate movers, and the major economic headlines of the day.
Nifty 50 and Sensex ended higher for the third consecutive session, supported by improved sentiment following commentary around the West Asia conflict. Most sectoral indices closed in the green, except Nifty Media and Nifty Oil & Gas. Nifty Consumer Durables and Nifty Financial Services were among the top gainers.
Key Indices – Share Market
Top News from the Indian Share Market
SENCOSenco Gold:The jeweller’s Q4 update sparked a 13% rally, after it reported a strong business update for Q4FY26 despite volatile conditions, and a strong outlook for FY27 amid the upcoming occasion of Akshaya Tritiya and demand during the summer wedding season. It has a strong pipeline for store expansion and plans to launch 20-25 stores during the year.
WIPROWipro: The IT Services company secured an eight-year transformation deal Singapore-based food and agri-business major Olam Group’s IT services arm , which is expected to exceed $1 billion (about ₹9,314 crore) in contract value and employs over 3,200 professionals across India, Singapore, the US, the UK, and the West Asia.
NMDCNMDC: The company, which is India’s largest iron ore producer, gained more than 5% during early trades after increased iron ore prices by up to 11.1% with effect from April 5, 2026. NMDC had reported a record production of 53 million tonnes (MT) of ore in the recently concluded 2025-26 financial year.
CHENNPETROChennai Petroleum Corporation Ltd. Oil Marketing companies have kept retail prices unchanged even as global crude prices moved past $100 per barrel. This has led to fuel being sold below cost, with discounts reportedly stretching up to ₹60 per litre compared to import parity levels. OMCs absorbing a significant portion of the losses to prevent inflationary spillover, however, the impact is more pronounced for refiners such as Chennai Petroleum Corporation.
Broader Market Performance Today
INDIA VIXTop Performing Sectors Today
*Prices shown may have delay up-to 15 minutes
Today’s Top Gainers and Losers
Top Gainers
Top Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 02 Apr 2026 | -9,931.13 | 7,208.41 |
| 01 Apr 2026 | -8,331.15 | 7,171.80 |
| 30 Mar 2026 | -11,163.06 | 14,894.72 |
| 27 Mar 2026 | -4,367.30 | 3,566.15 |
| 25 Mar 2026 | -1,805.37 | 5,429.78 |
| Month-to-Date | -18,262.28 | 14,380.21 |
What’s Happening Beyond Markets?
- Oil prices were lower on reports that the US, Iran, and regional mediators are negotiating terms for a possible 45-day truce that could pave the way for a more permanent end to the conflict. This followed Trump issuing an ultimatum to Iran and escalating threats against its civilian infrastructure.
- Gold remained below $4,700 an ounce on Monday following a sharp drop in the previous session, as investors assessed reports of a potential ceasefire in the Middle East.
- The yield on India’s 10-year G-Sec fell to around 7.1%, retreating from multi-year highs on renewed buying interest supported by expectations of central bank intervention and lighter state borrowing.
- India, the world’s largest urea importer, is looking to purchase 2.5 million metric tons of the key crop nutrient to shore up domestic supplies, which have tightened due to the war in West Asia.
- Textile and garment exporters have urged the government to remove the 11% import duty on cotton, as a recent surge in domestic prices has eroded margins and hurt their competitiveness in overseas markets.
Back to Basics
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What is a Goldilocks Phase for an Economy?
A Goldilocks economy is an ideal economic state characterized by moderate economic growth, low unemployment, and stable, low inflation. It is neither too hot (high inflation/overheating) nor too cold (recession). This “sweet spot” allows for sustained expansion, rising asset prices, and policy flexibility for central banks.
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