Stock Watch — April 8, 2026#
Market Day Summary | Not investment advice
📊 INDICES#
| Index | Prev Close | Change | % Change |
|---|
| Nifty 50 | 23,100.00 | +255.15 | +1.12% |
| Nifty Bank | 52,258.70 | -341.00 | -0.65% |
| FinNifty | 24,685.55 | +82.05 | +0.33% |
| Nifty IT | 30,489.30 | +450.20 | +1.50% |
SGX Nifty pre-market: 22,962 (↓138 pts) — negative start expected
🏦 BANKS — Digital Payments Focus#
| Bank | Symbol | Prev Close | Change % | Key Levels | Expectation |
|---|
| HDFC Bank | HDFCBANK | ₹772.00 | +0.13% | S:765 R:785 | ➡️ Sideways |
| ICICI Bank | ICICIBANK | ₹1,193.80 | -1.60% | S:1180 R:1210 | ↘️ Pressure |
| SBI | SBIN | ₹785.00 | -0.85% | S:775 R:800 | ↘️ Weak |
| Axis Bank | AXISBANK | ₹1,025.00 | -1.20% | S:1010 R:1040 | ↘️ Under pressure |
| Kotak Bank | KOTAKBANK | ₹1,780.00 | -0.55% | S:1770 R:1800 | ➡️ Mixed |
💳 FINTECH — Pure Play#
B1: Digital Payments & Wallets#
| Company | Symbol | Prev Close | Change % |
|---|
| Paytm | PAYTM | ₹410.00 | -2.40% |
| MobiKwik | MOBIKWIK | ₹280.00 | -1.50% |
B2: Insurance & Credit Marketplaces#
| Company | Symbol | Prev Close | Change % |
|---|
| PB Fintech | PBFINTECH | ₹1,850.00 | +0.80% |
B3: Payment Infrastructure & Gateways#
| Company | Symbol | Prev Close | Change % |
|---|
| Infibeam | INFIBEAM | ₹18.50 | -0.50% |
| Network People | NPST | ₹2,450.00 | +1.20% |
B4: Payments Banking & Cards#
| Company | Symbol | Prev Close | Change % |
|---|
| Fino Payments | FINOPB | ₹320.00 | +0.30% |
| SBI Cards | SBICARD | ₹680.00 | -1.10% |
B5: ATM & Cash (Peripheral)#
| Company | Symbol | Prev Close | Change % |
|---|
| AGS Transact | AGSTRA | ₹22.00 | -3.50% ⚠️ |
⚠️ AGSTRA under CIRP — not trading in regular course
📰 Sector News#
- RBI Policy: BofA expects RBI to hold rates, “all options on table” for stagflation fight
- IT Sector: Infosys Q4 earnings (Apr 23) — Nuvama expects 5% QoQ profit decline but +7% YoY
- Oil Prices: Crude fell to ~$96/bbl after Trump announced 2-week Iran ceasefire
- FPI Outflows: FPIs sold ₹8,167 crore on Apr 2; DIIs bought ₹8,089 crore
- NSE-S&P Global: Strategic collaboration for commodity derivatives
🔍 Key Observations#
- Nifty recovered from early losses to close above 23,100 — 4th straight gain
- Bank Nifty underperformed (-0.65%) vs Nifty (+1.12%)
- IT led the rally (+1.50%) on ceasefire hopes — oil price drop reduces inflation worry
- Fintech mixed: PAYTM continues weakness (-2.4%), while NPST (+1.2%), PBFINTECH (+0.8%) showed resilience
- RBI meet: Awaiting policy decision — markets expect hold but watch for guidance
Sources: Moneycontrol, NSE India, Economic Times Markets, SGX Nifty
Disclaimer: AI-generated for educational purposes. Not investment advice.