Global markets show mixed trends with strength in Asia and modest futures movement in the US and Europe. FIIs remained heavy sellers while DIIs provided support. Commodities were mixed, led by strong energy prices. Key earnings announcements, corporate developments, regulatory updates, and macro indicators highlight cautious sentiment with selective growth and ongoing volatility.
Global Market Futures (as of 06:35 AM IST)
US Market (Futures)
- Nasdaq: +0.20%
- Dow Jones: -0.10%
- S&P 500: +0.03%
European (Futures)
- Ftse 100: +0.01%
- Cac 40: +0.30%
- Dax : +0.35%
Asian:
- NIKKEI 225: +1.03%
- KOSPI: +1.97%
- ASX 200: -0.45%
Gift Nifty (Prev Close): 24062.50 (+0.45%)
FII and DII Trading Activity April 24, 2026 in Cash Market Segment:
FIIs / FPIs: Net Sell of ₹8827.87 crores
DIIs: Net Buy of ₹4700.71 crores
Key Results Today: Coal India, UltraTech Cement, Adani Total Gas, AU Small Finance Bank, Aye Finance, Bajaj Housing Finance, Canara Robeco Asset Management Company, Jindal Saw, Nippon Life India Asset Management, Phoenix Mills, Piramal Finance, SBI Cards and Payment Services, Tamilnad Mercantile Bank, Unicommerce Esolutions, Varun Beverages, and Websol Energy System will announce their quarterly earnings today.
Commodity Market Updates
International commodity markets showed mixed performance in early trading. Gold declined to 4,722.61, down 0.39%, while XAU/USD hovered at 4,707.86 with a slight dip of 0.03%, indicating mild weakness in precious metals. Silver underperformed, falling to 75.880 (-0.70%). In contrast, base metals saw strength, with copper rising to 6.1168 (+0.46%). Energy markets were notably firm—WTI crude oil climbed to 95.71 (+1.39%) and Brent crude advanced to 100.66 (+1.54%). Natural gas edged higher to 2.693 (+0.37%), while gasoline RBOB gained to 3.3573 (+0.89%). Overall, energy prices supported the commodity complex despite softness in precious metals.
Key Corporate Updates:
Positive:
- Can Fin Homes: Reported Q4 interest income of ₹10.56 bn and net PAT of ₹3.46 bn; recommended final dividend of ₹8/share, taking total FY26 dividend to ₹15/share, and approved Shailesh Kumar Singh as Deputy MD.
- Tanla Platforms: Reported Q4 consolidated revenue from operations of ₹11.78 bn and net profit of ₹1.34 bn; declared dividend of ₹6/share.
- Tamil Nadu Newsprint & Papers: Reported Q4 revenue from operations of ₹12.72 bn and profit of ₹2.40 bn; recommended final dividend of ₹4/share.
- Supreme Petrochem: Reported Q4 revenue from operations of ₹15.87 bn and net profit of ₹1.68 bn; recommended final dividend of ₹8/share.
- Hindustan Zinc: Reported record Q4 net profit of US$550 mn, up YoY, with EBITDA at US$847 mn driven by efficiency-led growth.
- Mastek: Entered MoU to sell commercial building in Chennai SEZ/Mahindra World City for aggregate consideration of ₹600 mn in two tranches.
- Lodha Developers: Reported Q4 consolidated revenue from operations of ₹47.14 bn and net profit of ₹10.08 bn; declared dividend of ₹4.25/share.
- RBL Bank: Delivered strong performance with profit surging 234% YoY to ₹230 crore. Net interest income rose moderately by 7%, while provisions declined 13.6%, supporting profitability. Asset quality improved significantly, with both gross and net NPAs declining on a sequential basis, indicating better credit health.
- IDFC First Bank: Posted steady growth with profit rising 4.9% YoY. Net interest income jumped 15.7%, reflecting strong core operations. Provisions fell sharply by 40%, boosting earnings. Asset quality also improved, with declines in both gross and net NPAs, signaling continued strengthening of the loan book.
- Reliance Jio Infocomm / Jio Platforms: Reliance Jio Infocomm reported Q4 revenue from operations of ₹333.81 bn and net profit of ₹73.17 bn; Jio Platforms reported Q4 consolidated revenue of ₹382.59 bn and PAT of ₹79.35 bn, with Jio ARPU at ₹214/subscriber/month.
- Kothari Industrial Corporation: Entered MoU with Tvasta Manufacturing to explore 3D concrete printing collaboration in India, GCC and Australia.
- Pace Digitek: Announced OEM partnership with NEC XON Systems in South Africa.
- L&T Finance: Reported Q4 consolidated revenue from operations of ₹47.71 bn and net profit of ₹8.07 bn; declared dividend of ₹2.75/share and approved entry into prepaid instruments and third-party application provider business.
- Beezaasan Explotech: Commenced detonating fuse production at new Bhantala, Gujarat plant.
- Aeroflex Enterprises: M.R. Organisation acquired remaining stake in Madhura Compressors.
- Indian Hume Pipe: Received letter of intent worth ₹4.18 bn.
- Vertis Infrastructure Trust: Approved conversion from privately listed InvIT to publicly listed InvIT.
- Fertilisers and Chemicals Travancore: Received approval to manufacture and sell DAP at Udyogmandal, Kochi and claim subsidy.
- Jayaswal Neco Industries: Reported revenue from operations of ₹19.74 bn and net profit of ₹1.91 bn; approved preferential issue of warrants worth ₹2 bn.
- Sindhu Trade Links: Approved acquisition of up to 78.26% stake in Advent Coal Resources Pte. Ltd.
- Mahindra Finance: Reported Q4 consolidated revenue from operations of ₹55.39 bn and net profit of ₹9.38 bn; recommended dividend of ₹7.50/share and increased borrowing limits to ₹1.75 tn.
- Glottis: GST scrutiny proceedings against the company were dropped by GST authorities.
- Magellanic Cloud: Unit received order worth ₹82.1 mn.
- Wendt India: Recommended final dividend of ₹10/share.
- Hindustan Organic Chemicals: Commenced commercial production at phenol and cumene plant from April 24, 2026.
- NTPC Green Energy: Declared 90 MW Khavda-II solar PV project on commercial operation.
- DCB Bank: Reported Q4 net profit of ₹2.06 bn, interest earned of ₹19.07 bn and gross NPA of 2.45%; recommended dividend of ₹1.45/share and approved fund raising up to ₹15 bn, including Tier-II bonds up to ₹5 bn.
- Wipro: Partnered with Kongsberg Digital to jointly deploy AI-powered digital twin solutions.
- Balrampur Chini Mills: Announced ₹1.60 bn lactogypsum processing plant at Kumbhi to produce 7.6 mn gypsum boards annually, with commercial production expected by December 2027; to raise ₹4.50 bn via preferential issue.
- JSW Motors / Tata Elxsi: Formed strategic partnership to power next-generation connected and software-defined mobility in India.
- Supreme Power Equipment: Secured orders worth ₹1.28 bn.
- Century Extrusions: Board approved rights issue of equity shares up to ₹450 mn.
Negative:
- Axis Bank: The Bank reported a marginal 0.6% dip in profit to ₹7,071 crore despite a 4.7% rise in net interest income. Provisions spiked sharply by 159%, weighing on earnings. Asset quality improved with lower GNPA and NNPA. The board approved fundraising plans of ₹20,000 crore via equity and ₹35,000 crore through debt instruments.
- Mangalore Refinery and Petrochemicals: The Company saw profits plunge 68.4% YoY to Rs 117 crore, despite a modest 3.2% increase in revenue. The sharp decline in earnings suggests margin pressures or higher costs impacting profitability, even as topline growth remained stable during the quarter.
- Paytm / Paytm Payments Bank: RBI cancelled Paytm Payments Bank’s licence, prohibited it from conducting banking business and said it will apply for winding up before the High Court; Paytm stated there is no direct financial impact as its PPBL investment was already impaired as of March 31, 2024.
- Can Fin Homes: Vikram Saha resigned as Deputy Managing Director effective April 15, 2026.
- R&B Denims: Search conducted at office and promoter/CFO premises on April 22-23 by Special Judge, SEBI; company stated no material impact on financials or operations.
- Umiya Tubes: Cancelled order from Cocreate Global Technologies.
- RBI Penalties: RBI imposed monetary penalty of ₹4.2 mn on Bandhan Bank and ₹80,000 on Muthoot Housing Finance.
- UCAL: Received show-cause notice from Assistant Commissioner (ST).
- Creative Eye: Zuby Kochhar resigned as Chairperson.
- Alkem Labs: Received tax demand of ₹3.3 bn; company stated no tax payable due to utilisation of MAT credit.
- Aether Industries: Received tax demand and show-cause notice worth ₹42.6 mn.
- Kansai Nerolac Paints: Received order confirming penalty of ₹2.9 mn.
- Infosys: BMO Capital cut target price to US$15 from US$20.
- TVS Supply Chain Solutions: Received tax demand of ₹89.8 mn.
Neutral / Others:
- IndusInd Bank: Reported Q4 net profit of ₹5.33 bn versus IBES estimate of ₹3.89 bn; recommended final dividend of ₹1.50/share.Q4 NIM declined to 3.39% from 3.52% in Q3 FY26; provisions and contingencies stood at ₹14.84 bn, with gross NPA at 3.43%.
- India Cements: The Company reported a 142% surge in profit to ₹59.5 crore, supported by modest revenue growth of 2.6%. However, the quarter included an exceptional loss of Rs 10.9 crore compared to a significant exceptional gain last year, indicating underlying earnings strength despite adverse one-off impacts.
- Reliance Industries: Q4 consolidated net profit stood at ₹169.71 bn versus IBES estimate of ₹201.16 bn; Revenue grows 12.9% to ₹3.25 lakh crore Vs ₹2.88 lakh crore; EBITDA declines 0.3% to ₹48,588 crore Vs Rs 48,737 crore; EBITDA margin slips 200 bps to 14.9% Vs 16.9%. O2C segment faced supply disruptions, including significant volume loss linked to cargoes through the Strait of Hormuz, amid geopolitical disruption and volatile energy prices.Declared dividend of ₹6/share; making rapid progress in operationalising new energy giga-factories, ramping up Reliance BP Mobility CNG outlets, and advancing steadily towards listing of Jio Platforms.Oil & gas production remained steady, with anticipated decline managed at 8%; KG-D6 gas diverted towards priority sectors in line with national energy priorities.
- Maruti Suzuki: Competition Commission hearing adjourned to May 11, 2026 for arguments.
- Mindspace Business Parks REIT: To consider fund raising.
- Waaree Energies: Board to consider fund raising via securities.
- L&T Finance: Approved fund raising via NCDs in tranches and issuance of preference shares up to ₹60.12 bn in FY27.
- Mahindra Finance: Passed resolutions for consolidation and update of borrowing authorisations, including NCD issuance up to ₹650 bn.
- Shriram Finance: To consider raising funds via debt securities.
- Nukleus Office Solutions: Executed LOI for leasing commercial office space on April 11, 2026.
- Monarch Surveyors & Engineering Consultants: Received letter of acceptance for track measurement project worth ₹23.9 mn.
- Adani Green Energy: Executive said clean energy capacity additions are being limited due to transmission unavailability.
- Chennai Petroleum: Management said Middle East producers are willing to offset delayed volumes post-crisis; long-term suppliers assured fulfilment of annual deals, with the company processing 25-30% Russian oil and evaluating upgrades to secondary refinery units.
- Dharni Capital Services: To invest ₹152.8 mn in Dhanayu Finance via rights issue.
- Shaival Reality: Appointed Patel Sureshkumar Kantilal as CFO.
- Raasi Refractories: Appointed Mahesh Vaddepalli as CFO effective April 24, 2026.
- Nippon Life India Asset Management: Clarified it is not in a position to comment, confirm or deny specific details on report regarding settlement of Yes Bank investment case.
Non-Corporate, Unlisted & Foreign / Macro
1) Indian Banking System: Bank deposits rose 12.2% YoY and loans rose YoY in the fortnight to April 15, according to RBI.
2) RBI / Government Borrowing: Seven states to raise ₹145 bn via loans on April 28; India to auction ₹240 bn of T-bills on April 29, including ₹120 bn of 91-day, ₹60 bn of 182-day and ₹60 bn of 364-day T-bills.
3) India / Chabahar Port: India is considering options regarding its stake in Chabahar Port, including temporary transfer to an Iranian entity, while holding separate talks with the US and Iran; India does not plan a complete exit.
4) Hormuz / Iran: Axios reporter said Iran dropped more mines in Hormuz earlier this week.
5) RBI Money Supply: India’s YoY money supply growth stood at 11.9% as on April 15.
6) SEBI: Issued consultation paper on handling unpaid client securities by trading and clearing members; also proposed review of variable net worth for stock brokers, with requirement linked to active clients and average client balance.
7) Noida International Airport: Appointed Nitij Samra as interim CEO until the board concludes a formal selection process.
8) RBI Co-operative Banks: Approved voluntary amalgamation of Mattancherry Mahajanik Co-operative Urban Bank with Peoples’ Urban Co-operative Bank and extended directions on Irinjalakuda Town Co-operative Bank.
9) India Wheat Procurement: India raised local wheat purchase target to 34.5 mn tonnes from 30 mn tonnes.
10) SEBI / FPIs: Released framework for net settlement of funds for FPI cash market transactions.
11) India Wheat Output: Flour millers’ body estimated 2026 wheat output at 110.65 mn tonnes, below government record estimate of 120.21 mn tonnes.
12) India Bond Market: 10-year benchmark government bond yield ended at 6.9365% versus previous close of 6.9498%.
13) Oil Market: Urals oil slipped below US$100/barrel at Russian ports but remained near four-year highs around US$90/barrel.
14) Indian Rupee: Rupee declined 1.4% week-on-week, marking the sharpest drop since September 2022.
Bulk and Block Deals
ADF Foods: The Company saw a notable institutional entry as SBI Funds Management acquired a combined 22 lakh shares at around ₹260 each. This transaction represents a 2% stake valued at approximately ₹57.19 crore, signaling growing investor confidence in the company.
Pfizer: Witnessed a stake reshuffle as ICICI Prudential Mutual Fund bought 4 lakh shares (0.87%) worth ₹188 crore. Simultaneously, Goldman Sachs sold a slightly higher 0.93% stake. ICICI Prudential already held 2.16% as of March 2026.
Orient Electric: The Company saw increased investment from Nippon India Mutual Fund, which purchased an additional 12.85 lakh shares (0.6%) worth ₹23.9 crore. Nippon Life India Trustee already held a significant 5.49% stake, reinforcing its bullish position.
VA Tech Wabag: Attracted further global interest as BlackRock-managed iShares Global Water UCITS ETF acquired 4.92 lakh shares (0.79%) worth ₹73.47 crore. This addition builds on its existing 1.21% stake as of March 2026.
South West Pinnacle Exploration: The Company experienced a partial exit by Rational Asset Management’s Rational Equity Flagship Fund I. The fund sold 1.54 lakh shares (0.51%) for ₹3.42 crore, indicating a strategic reduction in its exposure to the company.
On-going IPO:
Last Date 27-Apr
Adisoft Technologies Ltd (NSE SME)
Leapfrog Engineering Services Ltd (BSE SME)
Last Date 29-Apr
Amba Auto Sales and Services Ltd (NSE SME)
Upcoming IPO:
NIL
Securities Trading Ex-Dividend on April 27, 2026
360 ONE WAM Ltd, Alka India Ltd
Securities Trading Ex-Reduction of Capital on April 27, 2026
Trustwave Securities Ltd
Securities Under F&O Ban on April 27, 2026
SAIL
Sources: WOWNEWS24X7, Moneycontrol, Investing.com
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