Global markets show mild optimism across US, Europe, and Asia, despite select holidays. In the Indian markets, FIIs remained heavy sellers while DIIs supported markets. Commodities were mixed, with weakness in metals and resilience in energy. Strong corporate earnings and updates dominated, though select firms faced regulatory, operational, and financial pressures amid stable macroeconomic conditions.
Global Market Futures (as of 05:35 AM IST)
US Market (Futures)
- Nasdaq: +0.11%
- Dow Jones: +0.13%
- S&P 500: +0.10%
European (Futures)
- Ftse 100: +0.01%
- Cac 40-: +0.65%
- Dax : +1.39%
Asian:
- NIKKEI 225: +0.34% (Futures)
- KOSPI: +2.44%
ASX 200: -0.01%
Gift Nifty: 24229.50 (+0.34%)
Note: Japan markets observe a Trading Holiday today on account of ‘Greenery Day’, United Kingdom markets on account of ‘Early May Bank Holiday’ & China markets on account of ‘Labor Day’.
FII and DII Trading Activity April 30, 2026 in Cash Market Segment:
- FIIs / FPIs: Net Sell of ₹8047.86 crores
- DIIs: Net Buy of ₹3487.10 crores
Key Results Today:
Tata Technologies, Aarti Industries, Aditya Birla Capital, Ambuja Cements, Ather Energy, Bharat Heavy Electricals, Computer Age Management Services, CSB Bank, Exide Industries, Godrej Properties, Jindal Stainless, Jyothy Labs, KEI Industries, Manappuram Finance, Petronet LNG, Quess Corp, Sobha, Tata Chemicals, and Wockhardt will release their quarterly earnings today.
Commodity Market Updates
International commodity markets traded on a mixed note with clear divergence across segments. Gold prices declined to around 4,617.91, while spot XAU/USD hovered near 4,606.75, reflecting mild weakness. Silver also slipped to 76.060, and copper eased to 5.9760, indicating subdued industrial sentiment. In the energy space, WTI crude oil remained steady at 101.94, suggesting a balanced near-term outlook, whereas Brent crude edged higher to 108.44. Natural gas outperformed, rising sharply to 2.837, gaining over 2%. Overall, precious and base metals faced selling pressure, while energy markets showed resilience with selective strength
Key Corporate Updates:
Positive:
- Zen Technologies: Declared final dividend of ₹1 per share; reported Q4 consolidated revenue from operations of ₹1.78 billion and net profit of ₹315.3 million, indicating stable profitability and shareholder returns.
- Jindal Steel: Announced dividend of ₹2 per share; Q4 consolidated revenue stood at ₹162.18 billion with net profit of ₹10.45 billion, reflecting strong operational scale and earnings.
- Kotak Mahindra Bank: The Bank reported 13.4% profit growth to ₹4,026.6 crore, with NII up 8.1%. Asset quality improved as both gross and net NPAs declined sequentially.
- Avenue Supermarts: Posted 19.2% profit growth and 18.9% revenue increase. Leadership changes include Hitesh Shah’s redesignation and Chandrashekhar Bhave stepping down as Independent Director.
- RailTel Corporation of India: RailTel delivered strong performance with profit rising 25% and revenue up 27.6%, reflecting robust growth in telecom infrastructure and project execution.
- Aster DM Healthcare: The company’s profit surged 77.4% alongside 18.2% revenue growth. Exceptional gains turned positive, significantly boosting overall profitability compared to last year’s loss.
- Equitas Small Finance Bank: The Bank reported a fivefold profit jump with steady NII growth. Asset quality improved as both gross and net NPAs declined sequentially.
- Solex Energy: Entered MoU with Government of Gujarat to establish a 5 GW solar cell manufacturing plant and 10 GW BESS facility with total estimated project cost of ₹40 billion, marking a major capacity expansion.
- Afcons Infrastructure: Successfully completed and inaugurated the most complex Bengaluru Metro stretch at Silk Board, enhancing execution credibility in infrastructure.
- KP Green Engineering: Secured new orders aggregating ₹5.08 billion (including taxes), strengthening order book visibility.
- Enviro Infra Engineers: Received order worth ₹1.14 billion, improving revenue pipeline.
- Filatex India: Reported Q4 consolidated revenue of ₹9.85 billion and net profit of ₹400.8 million, indicating steady operational performance.
- Velan Hotels: Announced sale of Tirupur hotel property for ₹371.7 million, likely aiding balance sheet strengthening and liquidity.
- Ramkrishna Forgings: Re-appointed Naresh Jalan as Managing Director; declared first interim dividend of ₹1 per share for FY26 with record date May 8; reported Q4 revenue of ₹12.17 billion and net profit of ₹559.4 million, reflecting stable performance and shareholder payout.
- Hero MotoCorp: April 2026 dispatches surged to 566,086 units from 305,406 units YoY, indicating strong recovery in volumes.
- Maruti Suzuki: Reported total April sales of 239,646 units with record domestic sales of 191,122 units; management highlighted strong domestic tailwinds, minimal impact from West Asia crisis, and confidence in maintaining last year’s volumes. Highlighted risk of fuel price increases impacting small car demand.
- Delta Corp: Supreme Court stayed further proceedings on tax notices, providing regulatory relief.
- Steel Strips Wheels: Reported 18% YoY growth in April 2026 sales, reflecting demand strength.
- Punjab Chemicals & Crop Protection: Reported Q4 revenue of ₹2.09 billion and profit of ₹109.8 million; recommended dividend of ₹3 per share, indicating steady earnings and payout.
- Aurobindo Pharma: Received Health Canada NOC for BE-VQOLVAV bevacizumab biosimilar, expanding international regulatory approvals.
- Ola Electric: Reported month-on-month sales growth in April, indicating improving demand momentum.
- Eicher Motors: Royal Enfield sales rose 31% YoY to 113,164 units in April; VE Commercial Vehicles sales increased 6.9% to 7,318 units, reflecting strong segment performance.
- Zydus Lifesciences: Acquired 100% stake in Aptitude Orthopedie, France for €360,000, expanding international footprint.
- Indian Hume Pipe: Secured ₹3.43 billion share in a joint venture order, strengthening execution pipeline.
- Adani Group: Announced restructuring into a three-layer organisational structure and strategy to work with fewer, larger contractors to improve execution efficiency and decision-making speed.
- Tata Motors: Reported April total sales growth to 34,833 units (vs 27,221 YoY); passenger vehicle sales stood at 59,701 units, indicating continued recovery.
- Atul Auto: April domestic sales rose 73.65% YoY to 2,478 units, showing strong growth.
- Mahindra & Mahindra: Reported April volumes of 94,627 units, up YoY, indicating continued demand strength.
- Hyundai Motor India: Reported April domestic sales of 51,902 units, reflecting YoY growth.
- Deepak Nitrite / Deepak Chem Tech: Entered agreement to build HYCO plant to secure long-term supply of key raw materials for polycarbonate project, strengthening backward integration.
- Escorts Kubota: Tractor volumes grew 24.4% in April 2026, indicating strong rural demand.
- SML Mahindra: April total sales rose to 1,741 units, reflecting improvement.
- Tech Mahindra: Announced acquisition of Alluri Technologies (Avant) for CAD 28 million for 85% stake, with remaining acquisition after 3 years, strengthening digital capabilities.
- HCLTech: Expanded partnership with MetLife Stadium, New York Jets and New York Giants as official AI partner, enhancing global brand and AI positioning.
- Sundram Fasteners: Reported Q4 revenue of ₹16.93 billion and net profit of ₹1.61 billion, reflecting strong earnings.
- Poly Medicure: Through Brazil unit, acquired 100% stake in Medyneo for BRL 180,000, expanding international presence.
- Indoco Remedies: Approved sale of ophthalmic business in select territories to Sunways India for ₹1.10 billion, unlocking value.
- Vivid Electromech: Received data center project order worth ₹439.5 million from STT Global Data Centers.
- Capri Global Capital: Reported Q4 consolidated profit of ₹2.83 billion, indicating strong earnings.
- Tata Power: Approved ₹65 billion investment for new photovoltaic ingot and wafer manufacturing business, marking entry into upstream solar value chain.
- Central Bank of India: Reported Q4 net profit of ₹7.24 billion with NIM of 3.25%, gross NPA at 2.67%, and strong interest income of ₹96.61 billion; approved ₹70 billion capital raise plan.
- Bank of India: Approved capital raising up to ₹75 billion via Basel III bonds, strengthening capital adequacy.
- NCC: Secured four orders totaling ₹17.03 billion in April, boosting order book.
- RailTel Corporation: Reported Q4 revenue of ₹16.69 billion and net profit of ₹1.42 billion; recommended dividend of ₹1.25 per share.
- Godrej Agrovet: Reported Q4 revenue of ₹23.33 billion and net profit of ₹1.05 billion; recommended dividend of ₹11 per share.
- ACC: Reported Q4 revenue of ₹70.54 billion and net profit of ₹2.49 billion; declared dividend of ₹7.5 per share.
- Bharat Forge: Entered agreement to acquire stake in Fortuna Engineering for ₹1.3 billion, expanding capabilities.
- Religare Enterprises: Reduced net tax liability to ₹866.6 million from ₹1.73 billion after rectification order, improving financial position.
- Firstsource Solutions: Partnered with Typeface to launch AI-led marketing services, expanding offerings.
- Sona BLW Precision Forgings: Recommended dividend of ₹1.8 per share; reported Q4 revenue of ₹12.57 billion; investing $6 million in Mexican subsidiary.
- M&B Engineering: Received order worth ₹719.5 million.
- Reliance Industries: Reliance Retail acquired Anomaly to strengthen beauty segment portfolio.
- Eveready Industries: Reported Q4 net profit of ₹1.42 billion, a 14-fold growth on a revenue of ₹3.27 billion; recommended dividend of ₹2.5 per share.
- Equitas Small Finance Bank: Reported Q4 net profit of ₹2.13 billion, stable asset quality with gross NPA at 2.6%.
- IndiaMART InterMESH: Reported Q4 net profit of ₹502 million and revenue of ₹4.04 billion; declared dividend of ₹30 per share.
Negative:
- Mold-Tek Technologies: Withdrew proposed preferential issue, potentially delaying fundraising plans.
- JK Lakshmi Cement / Star Paper Mills / PB Fintech: Received tax demands of ₹17.9 million, ₹11.53 million, and ₹850.61 million plus ₹603.1 million respectively, increasing contingent liabilities.
- ATVO Enterprises / Thinkink Picturez / ONGC / Urja Global: Saw key management exits including CFO and CEO resignations, impacting leadership continuity.
- Orosil Smiths India: Initiating legal proceedings against Shiprocket, indicating dispute risk.
- Sandur Manganese: Karnataka High Court dismissed writ petition on ₹1.31 billion afforestation demand, increasing liability exposure.
- Bharat Coking Coal: Reported sharp decline in April production (down 41.3%) and offtake (down 26.4%), indicating operational weakness.
- Jaykay Enterprises: Received investigation notice from Ministry of Corporate Affairs, raising compliance concerns.
- Coal India: Reported April production decline of 9.7% YoY and offtake down 2%, indicating weak start to FY.
- Lemon Tree Hotels: Terminated Manesar hotel agreements, though stated no material financial impact.
- Vodafone Idea: AGR dues finalized at ₹640.46 billion with long repayment schedule, maintaining high financial stress.
- Sambhv Steel Tubes: Temporary closure of facilities due to maintenance may impact short-term production.
- Sunrest Lifescience: Dissolved rights issue, indicating funding constraints.
- Panacea Biotec: Fire incident caused temporary disruption of oncology facility operations, though no material financial impact expected.
- Adani Enterprises: Reported Q4 net loss of ₹2.21 billion vs. a Profit of ₹39.46 billion in the previous year, due to higher depreciation from new assets. Approved fundraise up to ₹150 billion via QIP or other modes; declared dividend of ₹1.3 per share.
- ESAF Small Finance Bank: Reported elevated gross NPA of 5.41% with high provisions, indicating asset quality pressure.
Neutral
- Jonjua Overseas: Approved EOI submission for Telephone Cables insolvency process.
- City Union Bank / HAL / Infosys / Tamil Nadu Newsprint / Bharat Dynamics / MPF Systems / Bharat Road Network / Sanofi India / Power Finance: Announced leadership appointments and transitions.
- VST Tillers / Renault India: Reported April sales figures of 3,483 units and 5,413 units respectively.
- Markolines Pavement Technologies: Settled SEBI matter with ₹1.2 million payment.
- Punjab National Bank: Kept 1-year MCLR unchanged at 8.75%.
- Fundraising Updates: Amic Forging, Satin Creditcare, Gretex Corporate Services, Virtuoso Optoelectronics exploring fundraising options.
- Optiemus Infracom: Increased corporate guarantee to ₹550 million for subsidiary.
- Modern Threads: Signed 25-year PPA for renewable energy sourcing.
- Empower India: Signed term sheet for acquisition of UAE-based Viabil.
- Godrej Industries: Paid compensation to pollution control board.
- Action Construction Equipment: Approved transfer of crane business to ACE KATO.
- Laurus Labs: Approved closure of Germany unit and investment in KRKA Pharma with no material financial impact expected.
Macro, Non-Corporate, Unlisted & Foreign Stocks
1) RBI & Macro Commentary: RBI Governor emphasized responsibility of banks and market participants to maintain market integrity, improve access and evolve globally; highlighted strong macro fundamentals, sustainable current account deficit, and comfortable forex reserves (~11 months import cover).
2) Forex & Reserves: India forex reserves stood at $698.49 billion; RBI gold holdings increased to 880.52 tonnes with rising share in reserves.
3) Oil Markets: Venezuela oil exports rose to 1.23 million bpd with higher exports to US and India; Reliance among major buyers; Iran exports constrained due to US blockade.
4) Economic Indicators: GST collections rose 8.7% YoY to ₹2.43 trillion; gold imports dropped to 3-decade low of 15 tonnes.
5) Bond & Liquidity: India 10-year bond yield rose to 7.0148%; government to auction ₹240 billion T-bills; states to raise ₹186 billion via loans.
6) Regulatory & Enforcement: ED filed fraud cases linked to IDBI Bank and Mahindra Finance loans; SEBI introduced fast-track AIF processing.
7) Banking System: RBI approved amalgamation of Bhavani Sahakari Bank with TJSB Bank; highlighted rising ratios of short-term debt and volatile capital flows to reserves.
8) Ratings & Global: Fitch affirmed IRFC, REC and PFC at BBB- with stable outlook; Eutelsat signed satellite services deal with India’s Station Satcom.
9) Apple: Challenged Indian regulator in antitrust case, reflecting regulatory friction.
10) Weather Outlook: India expected to witness above-average temperatures and heatwave days in May, posing risk to demand and agriculture.
Bulk and Block Deals
Sun Pharma Advanced Research Company
PSL Limited sold 20 lakh shares (0.6% stake) in Sun Pharma Advanced Research Company for ₹29.78 crore at ₹148.91 per share. As of March 2026, PSL retained 70 lakh shares, representing a 2.16% stake in the company.
Adisoft Technologies
Motilal Oswal Financial Services acquired an additional 0.74% stake in Adisoft for ₹2.56 crore. Along with its subsidiary’s 2.19% holding, overall exposure increased. Investor Jain Sanjay Popatlal also bought a 1.22% stake worth ₹4.1 crore.
AAA Technologies
North Star Opportunities Fund acquired a 0.79% stake in AAA Technologies for ₹1 crore at ₹99.05 per share. Meanwhile, Golden Bio Energy exited a 0.65% stake, selling 84,370 shares for ₹83.52 lakh at a similar price.
Safety Controls & Devices
Darwin Evolution Growth Fund fully exited Safety Controls & Devices by selling its 1.25% stake for ₹1.98 crore. Simultaneously, investor Amit Rajendra Prasad Agarwal acquired a 1.5% stake worth ₹2.39 crore at the same price per share.
On-going IPO:
Last Date 05-May
- Onemi Technology Solutions Ltd (KISSHT)
Last Date 06-May
- Value 360 Communications Ltd (NSE SME)
Upcoming IPO:
05-May to 07-May
- Recode Studios Ltd (BSE SME)
- Bagmane Prime Office REIT
Securities Trading Ex-Dividend on May 4, 2026
Securities Trading Ex-Buy Back of Shares on May 4, 2026
- Jagsonpal Pharmaceuticals Ltd
Securities Under F&O Ban on May 4, 2026
Source: WOWNEWS24X7, Moneycontrol, Investing.com
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