Global markets show mixed trends with US futures mostly positive, Europe steady, and Asia weak. FIIs sold heavily while DIIs bought. Key earnings from major Indian firms are due. Commodities remain firm, led by metals. Corporate updates are largely positive, though some losses persist, amid cautious macro and inflation outlook.
Global Market Futures (as of 06:35 AM IST)
US Market (Futures)
- Nasdaq: +0.96%
- Dow Jones: -0.27%
- S&P 500: +0.44%
European (Futures)
- Ftse 100: +0.30%
- Cac 40-: +0.48%
- Dax : -0.11%
Asian:
- NIKKEI 225: -1.13%
- KOSPI: -0.24%
- ASX 200: -0.35%
Gift Nifty: 24120.00 (+0.04%)
FII and DII Trading Activity April 29, 2026 in Cash Market Segment:
FIIs / FPIs: Net Sell of 2468.42 crores
DIIs: Net Buy of 2262.17 crores
Key Results Today: Hindustan Unilever, Bajaj Finserv, Adani Ports and Special Economic Zone, ACC, Aster DM Healthcare, Central Bank of India, Cholamandalam Investment and Finance Company, Edelweiss Financial Services, Equitas Small Finance Bank, IDBI Bank, IndiaMART InterMESH, Dr Lal PathLabs, Laurus Labs, Mazagon Dock Shipbuilders, National Aluminium Company, National Securities Depository, RailTel Corporation of India, R R Kabel, Sona BLW Precision Forgings, and Sundram Fasteners will release their quarterly earnings today.
Results on May 1: Filatex India, Ramkrishna Forgings, and ZEN Technologies will announce their quarterly results on May 1.
Results on May 2: Kotak Mahindra Bank, Avenue Supermarts, APL Apollo Tubes, India Shelter Finance Corporation, Netweb Technologies India, SMC Global Securities, and Swastika Investmart will declare their March quarter earnings on May 2.
Commodity Market Updates:
International commodity markets are showing a broadly positive tone, led by gains in precious metals and energy. Gold is trading near 4,582.11, with XAU/USD around 4,570.52, reflecting continued safe-haven demand. Silver has strengthened to 72.733, while copper is also firmer at 5.9645, indicating stable industrial sentiment. In energy markets, WTI crude oil is up at 107.38, suggesting resilient demand, whereas Brent crude is slightly lower at 111.31, pointing to mild divergence in global benchmarks. Natural gas remains under pressure at 2.632. Overall, commodities are mixed but skewed positive, with metals outperforming and energy markets showing selective strength amid ongoing macro uncertainty.
Positive:
- InterGlobe Aviation / IndiGo: Moody’s expects IndiGo’s financial metrics to recover by FY2028; the airline is working on hedging foreign exchange exposure of up to $3 billion, with around $1 billion hedged as of December 2025, while secure fuel supply and strong liquidity reserves are expected to help it manage uncertainty.
- Indegene: Reported March-quarter consolidated revenue from operations of ₹10.03 billion and consolidated profit of ₹797 million; recommended a final dividend of ₹2.25 per share.
- RPG Life Sciences: Reported March-quarter consolidated revenue from operations of ₹1.77 billion and consolidated profit of ₹299 million; recommended dividend of ₹24 per share for FY2025-26.
- Time Technoplast: Received PESO approval for design and manufacturing of 250-litre high-pressure Type IV composite hydrogen cylinders.
- Pidilite Industries: Unit PVPL will invest up to ₹220 million in BuildNext and has entered into a share-swap agreement with JSW One Platforms and BuildNext Construction.
- Fino Payments Bank: Reported March-quarter total income of ₹3.4 billion and net profit of ₹71 million.
- Euro Panel Products: Incorporated subsidiary Euro Sealant Private Limited in Tamil Nadu effective April 28, 2026.
- MOIL: Reported March-quarter revenue from operations of ₹4.44 billion and net profit of ₹926.1 million.
- Brigade Group: Formed a 50:50 joint venture with Bain Capital to develop an approximately 2 million sq. ft. mixed-use project in Bengaluru with an investment of ₹22 billion.
- Aeroflex Enterprises: To sell stake in MRO for ₹2.27 billion.
- Power and Instrumentation Gujarat: Received two work orders worth ₹26.2 million.
- Syngene International: Reported March-quarter consolidated revenue from operations of ₹10.37 billion and consolidated profit of ₹1.48 billion; declared dividend of ₹1.25 per share.
- Schaeffler India: Profit soars 25.6% to ₹316.1 crore Vs ₹251.6 crore. Revenue surges 18.9% to ₹2,585.6 crore Vs ₹2,174.4 crore
- Puravankara: Received an order worth ₹1.44 billion.
- Bajaj Finance: Management expects MSME loan growth to improve in FY27, remains optimistic about profit growth, sees FY27 AUM growth of 22–24%, and expects net loan loss to average AUM in the corridor of 1.45%–1.60%; reported Q4 consolidated interest income of ₹191.79 billion and net PAT of ₹54.65 billion, broadly in line with IBES estimate of ₹54.9 billion; declared dividend of ₹6 per share. Company expects FY27 to be its busiest year for AI transformation and plans AI-enabled processes across customer communication, sales and marketing from June 2026.
- Zodiac Energy: Received an order worth ₹54.5 million.
- IRB Infrastructure Trust: SPV for Ganga Expressway Group 1 project to start trial-run traffic operations.
- Mindspace Business Parks REIT: Reported March-quarter consolidated revenue from operations of ₹8.9 billion and net profit of ₹1.99 billion; approved distribution of ₹6.64 per unit.
- Force Motors: Reported March-quarter consolidated revenue from operations of ₹25.5 billion and net profit of ₹2.79 billion; recommended dividend of ₹50 per share for FY2025-26.
- Larsen & Toubro: To sell its entire stake in Metro Rail Hyderabad for ₹14.61 billion, enabling monetisation of the investment.
- Dr. Reddy’s Laboratories: Received Health Canada approval for generic Semaglutide injection in Canada, covering 2 mg/pen and 4 mg/pen strengths.
- Jana Small Finance Bank: Reported March-quarter interest earned of ₹14.45 billion, net profit of ₹1.4 billion and gross NPA of 2.46%.
- Navin Fluorine International: Reported March-quarter consolidated revenue from operations of ₹9.38 billion and consolidated total profit of ₹2.13 billion; approved dividend of ₹8.6 per share.
- Adani Power: Q4 profit rose 52% to ₹4,017 crore, aided by lower tax outgo.
- JK Cement: Acquired 26% stake in Truere Current Private Limited for ₹28.1 million.
- Veerhealth Care: Received repeat order from a New York-based company valued at $151,200.
- IKIO Technologies: Approved commencement of hearables and wearables business vertical.
- Accelya Solutions India: Reported March-quarter consolidated revenue from operations of ₹1.36 billion and net profit of ₹213.8 million.
- IIFL Finance: Reported March-quarter consolidated total revenue from operations of ₹36.93 billion and net PAT of ₹5.87 billion.
- Indiabulls: Reported March-quarter consolidated total revenue from operations of ₹4.09 billion and net PAT of ₹1.96 billion.
- MAS Financial Services: Reported March-quarter consolidated total revenue from operations of ₹5.42 billion and net profit of ₹1.03 billion; approved NCD issuance up to ₹30 billion and commercial paper issuance up to ₹10 billion.
- Indian Hume Pipe Company: Received an order worth ₹4.59 billion.
- Happy Square Outsourcing Services: Awarded new manpower supply order valued at ₹1.5 million.
- Ion Exchange: Expanded global Hydramem membrane solutions through strategic technology collaboration with Mann+Hummel.
Negative:
- NDTV: Reported Q4 consolidated revenue from operations of ₹1.48 billion and consolidated net loss of ₹978.4 million.
- HEG: Reported March-quarter consolidated revenue from operations of ₹6.03 billion and consolidated loss of ₹1.14 billion; recommended final dividend of ₹3.40 per share.
- Jyothy Labs: Reported a fire at a C&FA-operated warehouse; the incident was ongoing and not yet under control, though no injury or loss of human life was reported and the company does not anticipate material operational impact.
- Motilal Oswal Financial Services: Reported March-quarter consolidated revenue from operations of ₹26.76 billion and consolidated net loss of ₹2.21 billion.
- Fujiyama Power Systems / SUTL Solar: BIS conducted inspection at SUTL Solar’s Bawal facility on April 28, 2026 and seized products worth ₹19 million; company stated there is no material impact on operations.
Neutral
- Mahindra Electric Automobile: Sector spotlight highlighted key trends and peer developments in the electric mobility space.
- MITCON Consultancy: Re-appointed Anand Chalwade as Managing Director for five years from July 1.
- Shri Dinesh Mills: Approved demerger of the company’s FELT business.
- Bank of India: Kept one-year MCLR unchanged at 8.75%, effective May 1.
- Spandana Sphoorty Financial: To consider fundraising via non-convertible debentures.
- Bajaj Finance: Rajiv Bajaj will cease to be Non-Executive Director after expressing willingness to step down; company also expects marginal moderation in NIM in FY27.
- Sayaji Hotels: Appointed Puneet Karade as Chief Financial Officer and announced change in management under Regulation 30.
- Swiggy: April 1 update noted stock valuation appears attractive after significant correction; March 31 update highlighted fee hike strategy as a shift towards profitability.
- Navin Fluorine: Reappointed Vishad P. Mafatlal as Executive Chairman and announced board meeting outcome dated April 29, 2026.
- MAS Financial Services: Approved borrowings through NCDs up to ₹30 billion and commercial papers up to ₹10 billion.
- Northern Arc Capital: To consider fundraising through debt securities via private placement.
- Ador Welding: Reported March-quarter consolidated revenue from operations of ₹3.19 billion. Re-appointed Aditya T. Malkani as Managing Director effective September 14, 2026.
- HCLTech: Announced a new partnership with DP World Tour
Non-Corporate, Unlisted & Foreign / Macro
1) India Economic Report: India can pursue more ambitious trade agreements and diversified supply chains. Elevated global energy market risks, rupee weakness and potential pass-through of input costs may create upside risks to inflation and complicate the growth-inflation policy trade-off.
2) Employment Outlook: India’s one-year-ahead employment expectations remain positive but have weakened, indicating reduced optimism on future job creation.
3) RBI / Floating Rate Bond 2034: Interest rate for FRB 2034 for the half-year April 30, 2026 to October 29, 2026 set at 6.45% per annum.
4) RBI / Natural Calamity Relief: RBI issued revised norms for banks offering relief during natural calamities, effective July 1, 2026; definition of natural calamity will include events recognised under State Disaster Response Fund, and lenders can extend relief with a 135-day opt-out clause.
5) RBI / NBFCs: RBI clarified exemption and deregistration norms for NBFCs not availing public funds; definition of public funds to include all borrowings irrespective of source, including funds availed through margin trading facility.
6) RBI / UCBs: RBI issued final amendment directions on revised lending norms for Urban Co-operative Banks.
7) India 10-Year Benchmark Bond Yield: Closed at 6.9928% versus previous close of 6.9837%.
8) Maharashtra AI Policy: Policy aims to position Maharashtra at the forefront of the digital-technology landscape, according to Minister Shelar.
9) Russia Crude Exports: Russia could increase seaborne crude exports in May as port capacity has been restored and weather is expected to improve; April crude export volumes at western ports remained broadly in line with March at around 2.2 million barrels per day.
10) Iran Crisis: India’s April economic report noted that the Iran crisis is not expected to adversely affect financial stability.
11) Onemi Technology Solutions (Kissht): Promoter investment of ₹40 crore ahead of IPO indicates confidence in the unlisted fintech platform.
Bulk and Block Deals
Emcure Pharmaceuticals
Norges Bank, on account of the Government Pension Fund Global, has acquired 18 lakh shares (a 0.9 percent stake) in Emcure Pharmaceuticals for ₹289.47 crore from BC Investments IV, an affiliate of US-based private investment firm Bain Capital. The transaction price was ₹1,608.2 per share. BC Investments IV held a 3.87 percent stake in Emcure as of March 2026.
Accretion Pharmaceuticals
Unicorn Fund has bought 67,200 equity shares in Accretion Pharmaceuticals for ₹68.94 lakh at ₹102.6 per share.
SG Finserve
Promoter entity S Gupta Holding Private Limited has bought 3.75 lakh shares (a 0.56 percent stake) in SG Finserve for ₹21.15 crore at ₹564.15 per share.
On-going IPO:
Last Date 05-May
Onemi Technology Solutions Ltd (KISSHT)
Upcoming IPO:
NIL
Securities Trading Ex-Dividend on April 30, 2026
ABB India Ltd, Hindustan Zinc Ltd, Stovec Industries Ltd, Tanla Platforms Ltd, Varun Beverages Ltd, Vesuvius India Ltd
Securities Trading Ex-Spin Off on April 30, 2026
Vedanta Ltd.
Securities Trading Ex-Rights Issue of Equity Shares on April 30, 2026
Tirupati Innovar Ltd
Securities Trading Ex-Income Distribution on April 30, 2026
Embassy Office Parks REIT, Interise Trust (InvIT)
Securities Trading Ex-Consolidation of Shares on April 30, 2026
Sanmit Infra Ltd
Securities Under F&O Ban on April 30, 2026
NIL
Source: WOWNEWS24X7, Moneycontrol, Investing.com
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