Global markets show mixed trends with US and Asian futures positive while Europe remains subdued. FIIs continued selling as DIIs bought. Commodities indicate strong metals and weak energy. Multiple companies announce earnings, dividends, and orders. Macro data shows steady industrial growth, while deals and IPO activity highlight ongoing market participation.
Global Market Futures (as of 06:35 AM IST)
US Market (Futures)
- Nasdaq: +0.29%
- Dow Jones: +0.18%
- S&P 500: +0.12%
European (Futures)
- Ftse 100: -0.03%
- Cac 40-: +0.05%
- Dax : -0.09%
Asian:
- NIKKEI 225 (Futures): +0.42%
- KOSPI: -0.54%
- ASX 200: -0.51%
Gift Nifty: 24096.00 (+0.00%)
Note: Japan Markets observe a Trading holiday today on account of Showa Day
FII and DII Trading Activity April 28, 2026 in Cash Market Segment:
FIIs / FPIs: Net Sell of 2103.74 crores
DIIs: Net Buy of 1712.01 crores
Key Results Today:
Bajaj Finance, Adani Power, Indian Bank, Federal Bank, Capital Small Finance Bank, Fino Payments Bank, Force Motors, HEG, IIFL Finance, Indegene, Indian Overseas Bank, Moil, Motilal Oswal Financial Services, Mphasis, Syngene International, Vedanta, and Waaree Energies will release their quarterly earnings today.
Commodity Market Updates
International commodity markets show mixed movement with metals holding firm while energy remains under pressure. Gold trades higher around 4,613.79, with XAU/USD near 4,600.52, reflecting continued safe-haven demand. Silver slips slightly to 73.055, while copper remains steady at 5.9770, indicating stable industrial sentiment. In the energy complex, crude oil prices are softer, with WTI at 99.30 and Brent at 103.91, both facing mild declines amid demand concerns. Natural gas is marginally lower at 2.675, and gasoline RBOB trades at 3.4297, also under slight pressure. Overall, metals are resilient, while energy markets show cautious weakness with limited downside momentum.
Key Corporate Updates:
Positive:
- Orient Cement: Reported Q4 revenue from operations of 6.47 billion and PAT of 554.3 million, indicating profitable quarterly performance.
- Five-Star Business Finance: Declared a dividend of 2 per share; Q4 total revenue from operations stood at 8.17 billion, while quarterly profit was 2.69 billion.
- Pfizer: Following the settlement, the company expects revenues to remain relatively stable from 2028 through mid-2031.
- Refex Industries: Tax demand of 356.7 million was set aside, providing relief to the company.
- Garden Reach Shipbuilders: Declared dividend of 6.7 per share; Q4 consolidated revenue from operations stood at 21.19 billion and profit at 3.03 billion.
- Sanofi India: Reported Q4 revenue from operations of 4.72 billion and profit of 1.03 billion.
- Brigade Hotel Ventures: Reported Q4 consolidated revenue from operations of 1.36 billion and consolidated profit of 251.1 million.
- Canara HSBC Life Insurance: Reported Q4 net premium income of 30.61 billion and PAT of 347.3 million.
- Quess Corp: Received tax order with respect to refund of 422.4 million for FY 2023-24.
- Rail Vikas Nigam: Secured an order worth 392.1 million.
- Piccadily Agro Industries: Approved scheme of arrangement with Piccadily Food & Essential; Q4 consolidated revenue from operations stood at 3.6 billion and consolidated net PAT at 452.3 million.
- United Heat Transfer: Received purchase order from Ingersoll-Rand India worth 2.6 million.
- Ancon Technology Solutions: Received order worth 3.7 million from Newage Fire Fighting.
- Adroit Infotech: Unit received an order valued at 23 million.
- Star Health Insurance: Reported Q4 net premium earned of 43.27 billion and PAT of 1.11 billion.
- Wanbury: Patalganga site successfully completed Korea FDA regulatory inspection.
- Monarch Surveyors: Received project management order worth 49.1 million.
- CEAT: Reported Q4 consolidated revenue from operations of 42.19 billion and consolidated net profit of 2.44 billion; declared dividend of 35 per share.
- Innovision: Received order worth 15 million.
- Deepak Builders & Engineers India: Approved stock split of 1 equity share into 10 equity shares.
- Go Digit General Insurance: Reported Q4 net premium earned of 23.01 billion and PAT of 1.49 billion.
- PC Jeweller: Step-down subsidiary received licence for semi-mechanized artisanal gold mining in Chad for one year.
- BHEL: Entered into LAToT with NSTL-DRDO, Visakhapatnam, for GT-IRSS for naval vessels.
- Solara Active Pharma Sciences: US FDA issued EIR with classification as Voluntary Action Indicated; Puducherry facility inspection has been closed.
- SEAMEC: Consortium executed contract with ONGC for MSV Samudra Sevak.
- MedPlus Health Services: Received two stay orders against suspension from authorities in Pune, Maharashtra.
- Maruti Suzuki: Chairman said small-car share in volumes is expected to rise; two new production lines will add 250,000 units of capacity in the current fiscal; New Zealand trade agreement could open new export opportunities; company expects 140 billion capex mainly toward new plants; alternate fuels should support compliance with new fuel-efficiency rules; Iran war impact on demand and production is expected to be minimal; small-car tax cut is expected to support industry demand revival; management remains focused on profitable growth rather than only market share.
- Sanofi Consumer Healthcare India: Reported Q4 revenue from operations of 2.29 billion and profit of 678 million.
- Fedbank Financial Services: Reported Q4 total revenue from operations of 6.16 billion and net profit of 1.01 billion..
- AWL Agri Business: Reported Q4 consolidated revenue from operations of 214.65 billion and consolidated net profit of 2.92 billion; recommended final dividend of 1 per share for FY2025-26.
- Bandhan Bank: Reported Q4 interest earned of 54.28 billion, net profit of 5.34 billion, gross GNPA at 3.27%, provisions and contingencies at 6.77 billion, and recommended dividend of 1.50 per share for FY2026.
- WAA Solar: Received commissioning certificates for 6,000 KW solar PV system under PM KUSUM-C.
- Motherson Sumi Wiring India: Reported Q4 total revenue from operations of 33.35 billion and profit of 1.67 billion.
- Shayona Engineering: Received purchase order valued at 2.7 million.
Negative:
- Cupid: Received administrative warning letter from SEBI.
- Consolidated Construction Consortium: Reported Q4 consolidated revenue from operations of 1.03 billion, but posted consolidated loss of 20 million.
- NDR Auto Components: Received tax order of 30.7 million.
- Fine Organic Industries: Received tax demand of 5.6 million.
- Aditya Birla Money: SEBI issued letter directing the company to take corrective action.
- Butterfly Gandhimathi Appliances: Order passed for AED 31,666.66.
Neutral / Others:
- Greenply Industries: Reported Q4 consolidated revenue from operations of 7.76 billion and consolidated net profit of 307.3 million. Manoj Tulsan resigned as Joint Managing Director and CEO
- Prozone Realty: Announced hiving off of land assets owned by Alliance Mall Developers and Empire Mall; also proposed purchase of 17.507% stake in Gajaanan Property Developers.
- Enviro Infra Engineers: Announced acquisition of equity share of Suyog I-JRJA for 3.11 billion.
- Moody’s / Organon / Sun Pharma: Moody’s placed Organon’s ratings under review for upgrade following proposed acquisition by Sun Pharma.
- Vishnu Prakash R Punglia: To consider fundraising via equity instruments.
- AVG Logistics: Approved rights issue of equity shares for up to 530 million.
- India Competition Regulator: Approved merger of A1 Agri Global, B.N. Agritech and Salasar Balaji Overseas into BN Agrochem.
- Jet Freight Logistics: Re-appointed Richard Francis Theknath as Managing Director and Chairman.
- Advait Energy Transitions: Incorporated subsidiaries Advait Battery Ecosystems, Advait Carbon Advisory & Renewables Assets, and Advait Unified Renewable Assets.
- Jio Credit: Approved raising 35 billion through rights issue.
- Agarwal Float Glass India: Decided not to proceed with the proposed rights issue.
- Ratnaveer Precision Engineering: Approved fundraising up to 3.30 billion via equity or eligible securities.
- Mphasis: Appointed Richard Miller as Global Head of Insurance Business.
- Kiri Industries: Executed assignment agreement with Maharlika Investment Corporation.
- Ujjivan Small Finance Bank: To consider fundraising.
- Eco Recycling: To buy remaining 21.74% stake in Ecoreco Park for 19.3 million.
- Blue Cloud Softech Solutions: Signed MoU with GCIB for Africa.
Non-Corporate, Unlisted & Foreign / Macro
1) India Industrial Output: March industrial output rose 4.1% YoY, above Reuters forecast of 3.7%; March manufacturing output rose 4.3% YoY; April-March/FY26 industrial output stood at 4.1% YoY.
2) RBI: Included Mizoram Co-operative Apex Bank Ltd in the Second Schedule to the Reserve Bank of India Act, 1934.
3) SEBI / Debenture Trustees: Provisions of amendment circular to be implemented by debenture trustees by October 27; timeline extended for compliance with terms and conditions for activities outside SEBI’s purview.
4) Reuters Poll / Global Inflation: Economists raised the 2026 inflation outlook for 44 of 50 major economies.
5) Reuters Poll / Global Economy: Global economy expected to grow 2.9% in 2026 and 3.1% in 2027, compared with January poll estimates of 3.0% and 3.1%.
6) India 10-Year Bond Yield: Benchmark government bond yield ended at 6.9837%, higher than previous close of 6.9418%.
7) Virtusa: EQT-backed IT company is reportedly seeking a 1 billion India IPO, valuing the company at around 7 billion or more.
Bulk and Block Deals
One Mobikwik Systems
Peak XV Partners Investments IV fully exited MobiKwik, selling 7.89% stake (62.15 lakh shares) for 133.01 crore at 214.01 per share. Key buyers included Viridian Asia Opportunities Master Fund, Societe Generale, and Elimath Advisors, acquiring a combined 6.31% stake worth ~106.6 crore. The transactions reflect continued institutional interest in the fintech firm at stable valuation levels.
Wheels India
Nippon India Mutual Fund trimmed its exposure in Wheels India by selling 1.95 lakh shares (0.81% stake) for 20.68 crore at 1,060.69 per share. Despite the partial exit, Nippon Life India Trustee, via its ELSS Tax Saver Fund, retained a 4.26% stake as of March 2026, indicating continued confidence while booking selective profits at elevated price levels.
ArisInfra Solutions
ArisInfra saw notable investor churn as Motilal Oswal Financial Services acquired a 5.06% stake for 50.83 crore, alongside Calliope Capital Advisors. Meanwhile, Neomile entities offloaded a combined 4.89% stake worth 48.4 crore. Additional sales by Marwadi Shares and others highlight active portfolio rebalancing, even as Neomile Growth Fund retained a significant 5.72% holding.
On-going IPO:
Last Date 29-Apr
Amba Auto Sales and Services Ltd (NSE SME)
Upcoming IPO:
30-Apr to 05-May
Onemi Technology Solutions Ltd (KISSHT)
Securities Trading Ex-Right Issue of Equity Shares on April 29, 2026
Innovassynth Technologies (India) Ltd, Shakti Press Ltd
Securities Trading Ex-Reduction of Capital Equity Shares on April 29, 2026
Omkar Speciality Chemicals Ltd
Securities Under F&O Ban on April 29, 2026
SAIL
Source: WOWNEWS24X7, Moneycontrol, Investing.com
