ensex Today, Nifty 50 | Stock Market Highlights - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 28 April 2026
The sharp rise in crude oil prices above USD 110, continued disruption in the Strait of Hormuz, rupee depreciation beyond 94.5 and sustained FII outflows underscore mounting macroeconomic pressures on Indian markets
Sensex declined 416.72 points, or 0.54 per cent, to settle at 76,886.91. During the day, it lost 562.57 points, or 0.72 per cent, to 76,741.06.
Nifty dropped 97 points, or 0.40 per cent, to end at 23,995.70.
From the 30-Sensex firms, Axis Bank, HCL Tech, InterGlobe Aviation, Maruti, State Bank of India and ICICI Bank were among the biggest laggards.
In contrast, Reliance Industries, Bharti Airtel, Tech Mahindra and Sun Pharma were among the gainers.
Brent crude, the global oil benchmark, jumped 2.97 per cent to $111.4 per barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,151.48 crore on Monday, according to exchange data.
Key highlights
Sensex settles 416.72 pts, or 0.54%, lower at 76,886.91; Nifty 50 falls 97 pts, or 0.4%, to 23,995.70
- India’s heat wave creates new inflation risks after oil surge
- Fund finance market reaches $1 trillion driven by private credit, Moody’s says
- Rupee falls 24 paise to 94.39 against US dollar in early trade
- Coal India shares soar over 4% after Q4 earnings beat
- Intel $6.5 billion bond sale signals investor hope in turnaround
- Iran offers to reopen Hormuz if US lifts blockade and war ends, officials say
FILTERS UPDATES
- April 28, 2026 16:15
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- April 28, 2026 16:14
Rupee falls 41 paise to close at 94.56 against US dollar
Rupee falls 41 paise to close at 94.56 against US dollar
The rupee opened at 94.35, then lost ground and touched an intraday low of 94.58 and finally settled for the day at 94.56 (provisional), registering a fall of 41 paise over its previous close
- April 28, 2026 16:13
Greenply Industries reported standalone net profit for the quarter ended March 2026 at ₹18.85 crore compared to ₹24.95 crore in the same quarter last year.
In FY26, the PAT stood at ₹73.59 crore compared to ₹105.07 crore in the year-ago period.
- April 28, 2026 16:06
Ajitabh Bharti, Co-founder and Executive Director, CapitalXB
The Federal Reserve is widely expected to hold the federal funds rate steady at 3.50%-3.75% when its meeting concludes on Wednesday. With no fresh economic projections or dot plot to guide markets, attention will shift to Chair Jerome Powell’s tone and the statement’s language.
Policymakers must balance two competing risks: that Middle East conflict and elevated energy prices stoke inflation, and that geopolitical uncertainty drags on growth. Because the United States is a net energy exporter, the terms-of-trade hit is milder than for major importers, giving the Fed latitude to look through oil-driven price spikes and stay focused on domestic demand.
Money markets have priced in unchanged rates this year, per LSEG data, yet the implied probability of eventual cuts remains higher than that of hikes. That asymmetric skew suggests investors believe growth risks will ultimately dominate. Vocal political pressure for lower borrowing costs adds background noise, though the Fed will stress its independence and remain data dependent.
With first-quarter GDP, PCE inflation, the employment cost index and April’s ISM manufacturing survey all arriving within two days, officials have every reason to avoid dramatic guidance. Expect a deliberately cautious message that acknowledges uncertainty but preserves optionality until the economic fog clears.
- April 28, 2026 16:04
AWL Agri Business reported standalone net profit ₹268.01 crore, higher by 70.7% y-o-y from ₹157 crore in the same quarter last year.
In FY26, PAT stood at ₹981.60 crore compared to ₹1,215.63 crore in the same quarter last year.
Board recommended final dividend of ₹1 per share.
- April 28, 2026 16:00
Bandhan Bank reported net profit for the quarter ended March 2026 at ₹534.14 crore compared to ₹317.90 crore in the same quarter last year.
In FY26, the PAT stood at ₹1223.56 crore compared to ₹2745.29 crore in the same quarter last year.
Board recommended dividend of ₹1.50 per share.
Board also approved the appointment of Mr. Sujoy Roy as the National Collection Head for all lending products of the Bank, with effect from April 28, 2026.
- April 28, 2026 15:55
IT firm Virtusa eyes India IPO, could raise over $1 billion
IT firm Virtusa eyes India IPO, could raise over $1 billion
IPO could value Virtusa at least $7 billion or more; Listing could happen later in 2026 or 2027, sources say
- April 28, 2026 15:54
Motherson Sumi Wiring India reported net profit for the quarter ended March 2026 at ₹167.30 crore compared to ₹164.93 crore in the same quarter last year.
In FY26, the PAT stood at ₹625.18 crore compared to ₹605.86 crore in the year-ago period.
Board recommended final dividend of ₹0.58 per share.
- April 28, 2026 15:53
Meghna Infracon Infrastructure Ltd Expands Premium Residential & Commercial Footprint Across Mumbai with an Addition of 600 Crore GDV, with a cumulative estimated GDV of over ₹1,000 crores
- April 28, 2026 15:53
PhonePe Reaches 50 Million Registered Merchants Across India
- April 28, 2026 15:53
Aimtron Electronics Limited FY26 consolidated revenue from operations surges 89.2% year-on-year to ₹3,012 million from ₹1,592 million
- FY26 EBITDA margin at 22.6%, reflecting investments in new international and manufacturing subsidiaries
- FY26 PAT margin at 15.3%, impacted by higher tax provisions and subsidiary consolidation
- Growth driven by stronger order execution, improved product mix, and higher contribution from ODM and box-build solutions
- Key growth sectors include network security, green energy, industrial, IoT, and AI
- April 28, 2026 15:51
Akshay Shetty, Research Analyst, Capital Market Strategy, Mirae Asset Sharekhan
Dalmia Bharat – Top line slightly below estimate, EBITDA and PAT above forecast.
- Consolidated revenue rises 3.8% year-on-year to ₹4,245 crore, driven by 2.3% volume growth and 1.4% improvement in realizations
- Cost per tonne declines 0.9% year-on-year to ₹3,799
- EBITDA per tonne jumps 11.2% year-on-year to ₹1,025
- Margin expansion supported by better realizations, cost optimization, premium product mix, and higher volumes
- Total operational renewable energy capacity reaches 449 MW by end-FY26
- Management says recent cement price improvement may help offset cost pressures from geopolitical uncertainties
- April 28, 2026 15:38
Battery Smart (Upgrid Solutions Private Limited) has secured USD 15 million debt funding from Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing
The facility will support the expansion of Battery Smart’s battery-as-a-service (BaaS) infrastructure and strengthen its network of Partner- led stations across key urban and semi-urban markets in India
- April 28, 2026 15:33
REC reported standalone net profit for the quarter ended March 2026 at ₹3,362.30 crore compared to ₹4,236.20 crore in the same quarter last year
Board recommended final dividend of ₹1.55 per share.
- April 28, 2026 15:31
Maruti Suzuki Q4 net profit falls 6.45% to ₹3,659 cr
Maruti Suzuki Q4 net profit falls 6.45% to ₹3,659 cr
The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday reported a 6.45 per cent decline in its consolidated net profit to Rs 3,659 crore for the fourth quarter ended March 31, 2026, due to mark-to-market impact.
- April 28, 2026 15:31
Sapphire Foods reports strong Q4 growth despite continued losses
Sapphire Foods reports strong Q4 growth despite continued losses
Despite the operational uptick, the company remained loss-making, posting a consolidated net loss (PAT) of ₹12.6 crore for the quarter against a profit of ₹2 crore in Q4 FY25
- April 28, 2026 15:30
Stock Market Live: Eternal Limited Q4 standalone net profit rises 22% year-on-year to ₹705 crore from ₹575 crore
- FY26 PAT climbs to ₹2,655 crore versus ₹1,960 crore in the previous fiscal
Company has informed the exchange about asset transfer agreement entered between the Company and Wasteland Entertainment Private Limited, wholly owned subsidiary.
- April 28, 2026 15:15
Spandana Sphoorty Financial approved NCDs aggregating ₹485 crore on private placement basis
- April 28, 2026 15:10
Industry update
Meghna Infracon to invest ₹500 cr on five redevelopment projects in Mumbai region
Realty firm Meghna Infracon Infrastructure Ltd will invest about ₹500 crore to redevelop five housing projects in the Mumbai Metropolitan Region (MMR), as part of its expansion plan.
Meghna Infracon to invest ₹500 cr on five redevelopment projects in Mumbai region
Meghna Infracon plans to invest ₹500 crore in five redevelopment projects across Mumbai's western suburbs and Thane.
- April 28, 2026 15:09
Leela Palaces posts record ₹403 crore profit in FY26, stock slips 3% on results day
Leela Palaces Hotels & Resorts Limited reported its highest-ever annual profit after tax of ₹403 crore for the financial year ended March 31, 2026, an 8.5-fold jump from ₹47.7 crore in FY25.
Leela Palaces posts record ₹403 crore profit in FY26, stock slips 3% on results day
Leela Palaces reports record ₹403 crore profit for FY26, but stock declines 3% amid sell-side pressure.
- April 28, 2026 15:08
Quarterly results
Mahindra Lifespace Developers standalone net profit in quarter ended March 2026 at Rs 29.56 crore compared to Rs 27.96 crore in the same quarter last year
Mahindra Lifespace Developers reported standalone net profit for the quarter ended March 2026 at Rs 29.56 crore compared to Rs 27.96 crore in the same quarter last year.
In FY26, the profit rose to Rs 72.10 crore compared to Rs 51.35 crore in the same quarter last year.
Shares surged over 4% to Rs 340.70 on the NSE. Board recommends Final Dividend of Rs. 3.5 per equity share
- April 28, 2026 15:07
Stock down
Maruti Suzuki India standalone profit in quarter ended March 2026 at Rs 3590.5 crore (down 7% y-o-y) compared to Rs 3857.3 crore in the same quarter last year
Maruti Suzuki India reported a standalone profit for the quarter ended March 2026 at Rs 3,590.5 crore (down 7% y-o-y) compared to Rs 3,857.3 crore in the same quarter last year.
In FY26, the PAT stood at Rs 14,445.4 crore compared to Rs 14,297.6 crore in the same quarter last year.
Shares were down 2% to Rs 12,980 on the NSE. Board recommends Final Dividend of Rs. 140 per equity share
- April 28, 2026 15:07
Companies
Akums launches advanced antibiotic Aztreonam-Avibactam to tackle drug-resistant infections
AKUMS Drugs & Pharmaceuticals Limited, India’s largest Contract Development and Manufacturing Organization (CDMO), has announced the launch of Aztreonam-Avibactam Injection, an advanced antibiotic therapy aimed at treating multidrug-resistant gram-negative bacterial infections. The therapy is designed for severe and life-threatening infections that show limited or no response to conventional antibiotics, particularly in intensive care settings.
“The rise of antimicrobial resistance has significantly reduced the effectiveness of conventional therapies,” said Sanjeev Jain, Managing Director, AKUMS. “Aztreonam-Avibactam represents an important advancement in addressing infections caused by highly resistant pathogens, especially where timely and effective intervention is critical.”
- April 28, 2026 15:06
Industry update
Bruce Keith, Cofounder, InvestorAi, on the West Asia conflict and its fall-out
With the Iran war in its ninth week, FIIs have been net sellers of ₹44,281 cr through April. Even with VIX cooling to 18.4, InvestorAi’s stock prediction platform has moved measurably defensive over the last 30 days, with Health Care emerging as the dominant rotation destination. While contrarian investors are looking to buy the dip, we are assuming that there will be no sudden de-escalation in Iran, crude price will remain north of $100 and FIIs will stay away. As a result, we are leaning hard into defensives specifically positioned for crude-led inflation and further FII-led volatility.
- April 28, 2026 15:05
Industry update
LT Foods Ltd partners with KidZania India to launch an immersive factory for its flagship brand, an experiential centre designed to educate young minds on the journey of Basmati from farm to fork
- April 28, 2026 15:04
Industry update
Brigade Group acquires 5.72 acres land in Hyderabad to develop a residential project
- April 28, 2026 15:04
Quarterly results
Dalmia Bharat standalone net profit in quarter ended March 2026 at Rs 73 crore against Rs 77 crore in same previous quarter. To pay Rs 5 per share final. Shares at Rs 1,948.30 on the NSE, down 1%
- April 28, 2026 15:02
Quarterly results
Dhanlaxmi Bank reported net profit for the quarter ended March 2026 at Rs 43.49 crore compared to Rs 28.98 crore in the same quarter last year. Shares traded 17% higher at Rs 32.70 on the NSE.
- April 28, 2026 15:02
Gold silver
Renisha Chainani, head of research at Augmont, writes - Precious Metals Under Pressure: Diplomatic Shifts, Geopolitical Risk, and Central Bank Outlook
· Safe-Haven Dynamics – Gold is trading below $4650 as investors evaluate ongoing diplomatic efforts to resolve the US–Iran conflict. The crisis has caused a significant energy supply disruption and heightened inflation concerns. Iran has proposed halting its operations in the Strait of Hormuz in exchange for a complete ceasefire and removal of the US blockade on Iranian ports.
· Geopolitical Developments - Tehran has submitted a new proposal to Washington via Pakistani intermediaries, offering to reopen the Strait of Hormuz conditional on the US lifting its blockade, while postponing discussions on its nuclear program. Washington remains skeptical and is likely to respond with counter-proposals in the near term. Iran’s nuclear ambitions remain the central point of disagreement between the two sides.
· Macro-economic Signals – Markets are also focused on upcoming monetary policy decisions by the Fed, ECB, and BOJ this week. Persistent energy price inflation, driven by Middle East tensions, has strengthened expectations that central banks may maintain or further raise interest rates. This monetary tightening outlook is exerting downward pressure on gold prices.
Technical Triggers
· Gold has broken important support of $4650 (~ Rs 151,000), next target is $4550 (~ Rs 147,500).
· Silver is on the verge of breaking $73 (~ Rs 235,000), if prices sustain below this level, next target is $70 (~ Rs 225,000).
- April 28, 2026 15:01
Quarterly results
Sapphire Foods India reported standalone net loss for the quarter ended March 2026 at Rs 16.8 crore compared to Rs 3.6 corre loss in the same quarter last year. Shares down 1% on the NSE to Rs 174.10
- April 28, 2026 15:01
Industry update
Ajitabh Bharti, Co-founder and Executive Director, CapitalXB, on the FED Rate Policy
The Federal Reserve is widely expected to hold the federal funds rate steady at 3.50%-3.75% when its meeting concludes on Wednesday. With no fresh economic projections or dot plot to guide markets, attention will shift to Chair Jerome Powell’s tone and the statement’s language.
Policymakers must balance two competing risks: that Middle East conflict and elevated energy prices stoke inflation, and that geopolitical uncertainty drags on growth. Because the United States is a net energy exporter, the terms-of-trade hit is milder than for major importers, giving the Fed latitude to look through oil-driven price spikes and stay focused on domestic demand.
Money markets have priced in unchanged rates this year, per LSEG data, yet the implied probability of eventual cuts remains higher than that of hikes. That asymmetric skew suggests investors believe growth risks will ultimately dominate. Vocal political pressure for lower borrowing costs adds background noise, though the Fed will stress its independence and remain data dependent.
With first-quarter GDP, PCE inflation, the employment cost index and April’s ISM manufacturing survey all arriving within two days, officials have every reason to avoid dramatic guidance. Expect a deliberately cautious message that acknowledges uncertainty but preserves optionality until the economic fog clears.
- April 28, 2026 14:59
Quarterly results
IFCI standalone net profit in quarter ended March 2026 at Rs 21.36 crore, against Rs 272.54 crore in same previous quarter
IFCI posted standalone net profit for the quarter ended March 2026 at Rs 21.36 crore, down from Rs 272.54 crore in the same quarter last year.
In FY26, the PAT stood at Rs 51.71 crore compared to Rs 43.80 crore in the year-ago period.
Shares were down 3% to Rs 59.56 on the NSE.
- April 28, 2026 14:51
Industry update
Indian fintech funding holds steady at $513 million in Q1 2026; deal volume halves
Funding in India’s financial technology (fintech) sector remained largely flat at $513 million in the first quarter of 2026, but the number of deals plummeted by 54 per cent year-on-year, signalling a structural shift towards fewer, larger investments, market intelligence firm Tracxn said on Tuesday.
Indian fintech funding holds steady at $513 million in Q1 2026; deal volume halves
Indian fintech funding reached $513 million in Q1 2026, with a significant drop in deal volume and a shift to larger investments.
- April 28, 2026 14:50
Companies
Castrol India posts higher quarterly profit on rural demand, industrial segment strength
Engine oil maker Castrol India posted a 3.7 per cent rise in its first quarter profit on Tuesday, supported by higher volumes across rural and premium segments and growth in its industrial business.
Castrol India posts higher quarterly profit on rural demand, industrial segment strength
Castrol India reports a 3.7% profit increase to ₹242 crore, driven by rural demand and industrial segment growth.
- April 28, 2026 13:54
Companies
ED attaches ₹3,034-cr worth assets in probe against Anil Ambani's Reliance Group
The Enforcement Directorate has attached fresh assets worth ₹3,034 crore as part of its ongoing money laundering probe against the Reliance Anil Ambani Group (RAAG) companies, sources said.
ED attaches ₹3,034-cr worth assets in probe against Anil Ambani's Reliance Group
The Enforcement Directorate has attached fresh assets worth ₹3,034 crore as part of its ongoing money laundering probe against the Reliance Anil Ambani Group (RAAG) companies, sources said.
- April 28, 2026 13:39
Stock market
Temasek, LIC, Canadian pension fund line up to sell stakes in NSE IPO, sources say
Singapore’s state-owned investor Temasek and the Canada Pension Plan Investment Board are among 20 investors looking to sell down stakes when the National Stock Exchange goes public this year, sources familiar with the deal said.
Temasek, LIC, Canadian pension fund line up to sell stakes in NSE IPO, sources say
Temasek, LIC, and Canadian pension fund plan to sell stakes in NSE's $2.75 billion IPO, sources reveal.
- April 28, 2026 13:35
Quarterly results
Leela Palaces Hotels & Resorts’ standalone net profit for the quarter ended March 2026 stood at Rs 91.2 crore compared to Rs 36 crore in the same quarter last year.
In FY26, the PAT was recorded at Rs 275.79 crore compared to Rs 34.23 crore in the same quarter last year.
Board approved the investment of funds in BPBKC Properties Private Limited (“BPBKC”), a Company incorporated in India, and execution of documents in relation thereto
Shares traded at Rs 414.45 on the NSE, down nearly 3%.
- April 28, 2026 13:25
Quarterly results
Castrol India reported profit after tax for the quarter ended March 2026 at Rs 242.18 crore compared to Rs 233.46 crore in the same quarter last year.
Shares flat at Rs 183.46 on the NSE.
- April 28, 2026 13:25
Companies
TeamLease Services has received a Show Cause Notice (“SCN”) from the Employees' Provident Fund Organisation, Ministry of Labour and Employment, Government of India.
The quantum of implication as per the notice is Rs. 184 crore.
Shares down 1% to Rs 1,237 on the NSE.
- April 28, 2026 13:22
Companies
Snabbit raises $56 million in Series D to double down on quick home services play
Snabbit raises $56 million in Series D to double down on quick home services play
Snabbit secures $56 million in Series D funding to enhance its quick home services marketplace, empowering women professionals across India.
- April 28, 2026 13:17
Info tech
Google Breaks Ground on India AI Hub, Launching a National Industrial Ecosystem Alongside India’s Digital Infrastructure Milestone
- April 28, 2026 13:12
Commodities
Aluminium futures: Buy on a dip
Aluminium futures: Buy on a dip
Explore the positive outlook for aluminium futures and strategic buying opportunities during potential price dips.
- April 28, 2026 13:08
Nifty slides to 24,032 at noon; ONGC, Coal India surge as Banks, IT drag
Markets extended their cautious tone into the afternoon session Tuesday, with both headline indices trading in negative territory as of 12:50 PM. The Sensex was down 294.51 points or 0.38 per cent at 77,009.12, while the Nifty 50 slipped 60.35 points or 0.25 per cent to 24,032.35.
- April 28, 2026 13:02
Stock market
Rallis India shares trade flat after early surge
Rallis India stock traded flat on the NSE at ₹263 after soaring to a high of ₹283 from the previous close of ₹261.27.
The company narrowed its losses to ₹15 crore during the quarter ending March 31, 2026.
- April 28, 2026 13:02
Auto
Mahindra & Mahindra Financial Services allots NCDs worth ₹500 crore
Mahindra & Mahindra Financial Services has approved the allotment of 50,000 listed, secured NCDs aggregating to a subscription amount of ₹500 crore on a private placement basis to identified investors.
The NCDs have been issued at a fixed coupon of 7.71 per cent per annum and are proposed to be listed on the Wholesale Debt Market segment of BSE Ltd.
- April 28, 2026 13:01
Companies
Magellanic Cloud signs strategic pact with Rayonix for defence UAVs
Magellanic Cloud has entered into a strategic investment and collaboration agreement with Rayonix Tech Private Limited (Rayonix) to support India’s defence ecosystem by enabling the development and supply of warfare-grade XTEND’s UAVs and drones tailored to evolving national security requirements.
- April 28, 2026 13:00
Stock market
Stock Market Live Updates: Phoenix Mills shares erase early gains despite Q4 profit rise
Phoenix Mills stock erased early gains and traded 2 per cent lower at ₹1,763.50, after soaring to a high of ₹1,832.90 from the previous close of ₹1,799.70.
The company posted a standalone net profit of ₹54.79 crore for the quarter ended March 2026 compared to ₹51.56 crore in the same quarter last year.
In FY26, the PAT stood at ₹270.67 crore, down from ₹337.29 crore in the year-ago period.
The board recommended a final dividend of ₹2.50 per share.
- April 28, 2026 12:58
Gold silver
Why are gold, silver prices falling as crude spikes?
Iran talks stall, crude jumps— gold, silver under pressure?
Gold and silver prices decline as crude oil surges, driven by stalled US-Iran talks and rising Treasury yields.
- April 28, 2026 12:47
Vikran Engineering execured agreement to aqcuire a 49% Euity stake in NOPL Solar Projects Private Limited
- April 28, 2026 12:46
Stock market
Stock Market Live Updates: Vardhman Special Steels’ net profit for the quarter ended March 2026 was Rs 33.97 crore compared to Rs 19.73 crore in the same quarter last year.
Board recommended dividend of Rs 3.5 per share.
Shares jump 6% on the NSE to Rs 289.
Q4 Results 28th Apr Live: Maruti Suzuki, Ceat, Dalmia Bharat, AWL Agri Business, Brigade, Eternal, Castrol India, REC, Star Health to announce Q4 results, UltraTech, Coal India, ATGL, AU SFB, Nippon Life, CUB, Canara Robeco shares in focus
Q4 Results Today, 28th April 2026 Live Updates: Find all the latest Q4 results 2026 updates of Apt Packaging Ltd, Artson Ltd, AWL Agri Business Ltd, Bandhan Bank Ltd, Brigade Hotel Ventures Ltd, Canara HSBC Life Insurance Company Ltd, Castrol India Ltd, Consolidated Construction Consortium Ltd, Ceat Ltd, Dalmia Bharat Ltd, Dhanlaxmi Bank Ltd, Elpro International Ltd, Emmvee Photovoltaic Power Ltd, Eternal Ltd, Fabtech Technologies Cleanrooms Ltd, Fedbank Financial Services Ltd, Five-Star Business Finance Ltd, Go Digit General Insurance Ltd, Greenply Industries Ltd, Garden Reach Shipbuilders & Engineers Ltd, IFCI Ltd, Infobeans Technologies Ltd, Lakhotia Polyesters (India) Ltd, Mahindra Lifespace Developers Ltd, Maruti Suzuki India Ltd, Mishka Exim Ltd, Mitshi India Ltd, Motherson Sumi Wiring India Ltd, Orient Cement Ltd, Panyam Cements & Mineral Industries Ltd, Panth Infinity Ltd, Piccadily Agro Industries Ltd, Piramal Pharma Ltd, Rajoo Engineers Ltd, REC Ltd, Macfos Ltd, Sanofi India Ltd, Sanofi Consumer Healthcare India Ltd, Sapphire Foods India Ltd, Satchmo Holdings Ltd, Skipper Ltd, Star Health and Allied Insurance Company Ltd, Leela Palaces Hotels & Resorts Ltd, Typhoon Holdings Ltd, and Vardhman Special Steels Ltd. UltraTech, Coal India, ATGL, AU SFB, SBI Cards, Nippon Life AMC, TMB, CUB, Canara Robeco in focus Stay tuned for more updates from businessline
- April 28, 2026 12:43
India turns net exporter of finished steel in FY26
India turns net exporter of finished steel in FY26
Italy, Vietnam, Belgium, the UAE, and Spain were the biggest buyers of Indian finished steel
- April 28, 2026 12:42
HDB Financial Services board allotted NCDs aggregating to Rs 325 crore. Shares flat on the NSE at Rs 673.35.
- April 28, 2026 12:36
Stock down
Stock Market Live Updates: SBI Cards shares decline despite Q4 profit growth
SBI Cards and Payment Services stock traded 2 per cent lower on the NSE at ₹656.25 at 12:32 PM, moderating between ₹651.30 and ₹669.60.
The company reported a net profit of ₹609.30 crore for the quarter ended March 2026 compared to ₹556.64 crore in the same quarter last year.
- April 28, 2026 12:35
SoftTech Engineers, in Collaboration with NHEV, Launches India’s First Single-Window Approval System for EV Ecosystem & Wayside Amenities on National Highways
- April 28, 2026 12:32
Asia LNG imports in March 2026 lowest since 2019
Why Asia LNG imports in March 2026 lowest since 2019?
Asia’s liquefied natural gas imports in March 2026 at 21.12 mt is the lowest for the month in the last 8 years as the West Asia conflict impacted supplies from the UAE and Qatar.
- April 28, 2026 12:27
Stock Market Live Updates: Vedanta shares rebound ahead of demerger ex-date
Vedanta shares rebound ahead of demerger ex-date
Vedanta shares rise 1.56% ahead of the demerger ex-date, as investors prepare for a significant corporate transition.
- April 28, 2026 12:25
Stock up
Stock Market Live Updates: Piramal Finance jumps over 12% on Q4 profit surge, brokerages see improving outlook
Piramal Finance jumps over 12% on Q4 profit surge, brokerages see improving outlook
Piramal Finance shares soar 12.5% after Q4 profit surge; brokerages predict strong growth and improved margins ahead.
- April 28, 2026 12:21
Stock up
Stock Market Live Updates: NAM-India stock hits 52-week high on strong Q4 earnings
Shares of Nippon Life India Asset Management Company (NAM-India) rallied more than 7 per cent on Tuesday to hit a 52-week high of ₹1,065 on the NSE, driven by strong March quarter earnings. The stock later pared some gains but remained firmly in the green, trading 5 per cent higher at ₹1,038.70 at 11.44 am.
The company reported a net profit of ₹385 crore for the March quarter, marking a 29 per cent increase y-o-y from ₹299 crore in the same period last year, supported by steady growth in assets under management and improved yields. Read more here
- April 28, 2026 12:17
Google Cloud India AI Hub in Visakhapatnam will be inaugurated in Sept 2028: AP CM Naidu
The Google Cloud India AI Hub being set up in Tarluvada, will be inaugurated in September 2028, Andhra Pradesh Chief Minister N Chandrababu Naidu said.
Speaking after laying the foundation stone for $15 billion data centre being set up in association with Adani Connex and Nxtra by Airtel here on Tuesday, Naidu said Visakhapatnam was the best destination for data centres. Read more
- April 28, 2026 12:11
Stock Market Updates LIVE: Bajaj Housing Finance dips despite steady Q4 earnings, outlook remains positive
Shares of Bajaj Housing Finance slipped around 1 per cent in late morning trade on Tuesday, even as the company reported steady growth in its March quarter earnings. The stock fell to ₹89.89 on the NSE at 11.24 am, down from the previous close of ₹91.07 after opening at ₹91.70. During the session, it touched an intraday high of ₹93. Read more
- April 28, 2026 12:08
Companies
Stock Market Live Updates: Tata steel wins court battle against ₹4,313-crore mining demand notices; stock hits 52-week high
Tata Steel Ltd scored a legal victory on Tuesday after the Orissa High Court quashed demand notices totalling over ₹4,313 crore raised against the company over alleged shortfalls in chromite ore dispatch from its Sukinda mine in Odisha. The stock touched a 52-week high of ₹218.24 on the NSE during Tuesday’s session, up 1.47 per cent to ₹216.40.
The Orissa High Court pronounced its judgement on April 20, 2026, which Tata Steel received on April 27. Read full story here
- April 28, 2026 12:07
Companies
Peak XV fully exits Mobikwik in ₹130 crore block deal
Venture capital firm Peak XV Partners has fully exited from fintech firm One MobiKwik Systems through a block deal of over ₹130 crore, sources aware of the development said.
According to sources, Peak XV was one of the early investors in the firm and exited at three times of its investment value. Read more
- April 28, 2026 12:06
Stock market
Short sellers' bets on life insurance stocks soar as private credit concerns grow
Short sellers' bets on life insurance stocks soar as private credit concerns grow
Hedge funds ramp up positions on fears over opaque lending exposure and lack of transparency
- April 28, 2026 11:34
Gold silver
Gold edges down with US-Iran talks, central bank decisions in focus
Gold prices eased on Tuesday, as investors watched for the impact of the West Asia conflict and stalled US-Iran peace talks on the interest rate outlook of key central banks that meet this week. Read more
- April 28, 2026 11:30
Stock market
Stock Market Live Updates: SEBI bars Ashok Maheshwari, 7 others in front-running case
The Securities and Exchange Board of India (SEBI) has barred eight entities, including Ashok Maheshwari, from the securities market for up to four years and ordered disgorgement of ₹1.29 crore in unlawful gains in a front-running case involving trades of a portfolio manager.
In the final order, Ashok Maheshwari and Darshan Bakul Shah have been debarred for 48 months, including the period already served under the interim order. Khusboo Darshan Shah and Darshan Bakul Shah (HUF) have completed their 24-month market restraint, with no further debarment imposed.
- April 28, 2026 11:22
Info tech
Share Market Updates LIVE: InfoBeans Technologies launches AI-native QA automation agent RAI
InfoBeans Technologies, a global technology services company and ServiceNow Premier Partner, today announced the launch of RAI (Reliability & Assurance Intelligence) — an AI-native QA automation agent designed to ensure trust, reliability, and assurance in AI-generated software output.
- April 28, 2026 11:20
Quarterly results
Stock Market Live Updates: AU Small Finance Bank shares trade flat after strong Q4 profit
AU Small Finance Bank shares traded flat on the NSE at ₹1,034.55 at 11:14 AM, after a positive opening at ₹1,062.90 from the previous close of ₹1,043.
The bank posted a 65 per cent year-on-year surge in net profit to ₹832 crore for the January-March quarter of FY26.
- April 28, 2026 11:19
Stock Market Live Updates: Innovators Facade Systems has received the Letter of Award for Design, Supply and Installation of Facade works from Lodha Developers for ₹76.82 crore.
- April 28, 2026 11:13
Quarterly results
Stock Market Live Updates: Adani Total Gas shares gain on Q4 profit rise
Adani Total Gas traded at ₹647.05 on the NSE at 11:06 AM, after soaring nearly 8 per cent in early trade to ₹684.90 from the previous close of ₹635.60.
The company reported an 8.4 per cent year-on-year rise in consolidated net profit for the March quarter of FY26 at ₹168 crore.
- April 28, 2026 11:06
Stock market
Sensex was up 104.27 pts or 0.13% to 77,407.90 at 11 am, Nifty 50 inched up 63.20 pts or 0.26% to 24,155.90.
- April 28, 2026 11:04
NSE
Nifty Bank Prediction Today – April 28, 2026: Nifty Bank futures: Uncertain over intraday trend
Nifty Bank Prediction Today – April 28, 2026: Nifty Bank futures: Uncertain over intraday trend
Nifty Bank futures show consolidation with key support and resistance levels, indicating cautious trading ahead.
- April 28, 2026 10:58
Info tech
$15-billion Google Cloud India AI Hub in Vizag set to deploy full stack of artificial intelligence
$15-billion Google Cloud India AI Hub in Vizag set to deploy full stack of AI
With a $15 billion investment, the upcoming Google Cloud India AI Hub will deliver full Artificial Intelligence (AI) stack to empower individuals and businesses with immense computing power, according to Vikas Kohli, Vice President, Google Global Infrastructure & Google Cloud.
- April 28, 2026 10:57
NSE
Nifty Prediction Today – April 28, 2026: Nifty futures: Eyes a breakout
Nifty Prediction Today – April 28, 2026: Nifty futures: Eyes a breakout
Nifty 50 began today’s session slightly lower at 24,050 compared to yesterday’s close of 24,093. But the index recovered after opening and is now trading at 24,170, up 0.3 per cent.
- April 28, 2026 10:56
Quarterly results
Stock Market Live Updates: Canara Robeco Asset Management shares fall despite FY26 profit growth
Canara Robeco Asset Management Company shares traded 4 per cent lower at ₹269.30 on the NSE at 10:49 AM.
The company posted a profit after tax of ₹41.36 crore for the quarter ended March 2026 compared to ₹41.72 crore in the same quarter last year.
In FY26, the PAT stood at ₹203.80 crore compared to ₹190.70 crore in the year-ago period.
The board recommended a final dividend of ₹2.50 per share.
- April 28, 2026 10:55
Stock Market Live Updates: UltraTech Cement shares turn negative despite strong Q4 profit
UltraTech Cement shares declined to ₹11,844 at 10:40 AM after opening 2 per cent higher at ₹12,282 on the NSE from the previous close of ₹12,010.
The company’s net profit in the March quarter rose 20 per cent to ₹2,983 crore against ₹2,482 crore in the same period last year.
- April 28, 2026 10:55
Stock market
Sensex rises 100 pts to 77,405.23; Nifty rises 60 pts to 24,154.65; Coal India, Adani Enterprises are top gainers
- April 28, 2026 10:33
Info tech
Globe International Carriers Limited has initiated the First phase of its proprietary AI-Driven Smart Procurement & Vehicle Placement Interface
- April 28, 2026 10:32
Companies
Dabur India announced the appointment of Mr Rahul Sarawagi as Additional General Manager- IR & M&A of the company w.e.f. April 28, 2026.
- April 28, 2026 10:32
Companies
EaseMyTrip Announces ‘Great Indian Summer Travel Sale’, Bringing Exclusive Travel Deals for Summer Holidays. Shares traded flat at Rs 7.91 on the NSE
- April 28, 2026 10:27
Companies
Snabbit raises $56 million in Series D funding round
Snabbit raises $56 million in Series D funding round
Snabbit secures $56 million in Series D funding, totaling $112 million to expand home services across India.
- April 28, 2026 10:18
Companies
Nelco Ltd to to raise funds by way of loans and/or issuance of Non-Convertible Debentures
Nelco Ltd to consider certain matters, one of which relates to a proposal to raise funds by way of loans and/or issuance of Non-Convertible Debentures on a private placement basis or through any other permissible mode, for the purpose of making investments in emerging satellite communication businesses/technologies.
- April 28, 2026 10:17
Commodities
Aluminium can shortage puts ₹11,500 crore beer, beverage market at risk in India
Aluminium can shortage puts ₹11,500 crore beer, beverage market at risk in India
Supply from aluminium can suppliers Ball and CANPACK falls sharply as input prices surge
- April 28, 2026 10:15
Quarterly results
Fabtech Technologies reported consolidated net profit for the quarter ended March 2026 at Rs 22.05 crore compared to Rs 15.09 crore in the same quarter last year.
Board recommended final dividend of Rs 0.60 per share; and authorised for opening of Step-Down Subsidiary of the Company in the Sultanate of Oman.
Shares traded 7% higher on the NSE at Rs 174.
- April 28, 2026 10:15
Review
Views from Dr. Ravi Singh – Chief Research Officer (Research) – Master Capital Services Limited
The bank of japan is expected to keep the interest rates unchanged at 0.75% and with it the expectations are surrounding that the durability of inflation and wage growth will be tested. Japan’s core CPI is expected to be at 1.9% in FY26, while broader core consumer prices rose 2.7% which is still above BOJ’s target of 2%. The biggest influencing factor for the Japanese markets are the reliance on energy imports because they import oil which makes them vulnerable to any price or supply shocks, which is why in policy rate meetings more focus remains on the forward guidance because it also dictates heavily how the yen moves against the dollar. The Japanese policymakers after the announcement of the US-Iran war, said that unlike 2022-24 central bank intervention this time would be ineffective as safe haven US dollar buying would still remain when the Yen had breached a crucial level of 160.
For an emerging market like India, a BOJ neutral or steady stance could be in broader terms a good sign because with any rate decision India wouldn’t be directly affected. Aspects like low Japanese yields will increase yen carry trades which in turn helps the liquidity in the emerging markets which means more funds flowing into EM assets like bonds and equities. If the BOJ accelerates the rate hike it could lead to unwinding of carry trades which can lead to FII outflow which can affect INR again making it reach the highs of 95.
If the tone remains dovish it is a supportive outlook for India because it would help the bond and equity market.
- April 28, 2026 10:09
Companies
MphasiS Limited has appointed Richard Miller as Executive Vice President and Global Head of Insurance Business of the company w.e.f. April 27, 2026
- April 28, 2026 10:08
Industry update
Websol Energy System shares traded 5% higher at the circuit of Rs 122.20.
The solar energy pioneer, announced a PAT of Rs. 125 crore for Q4FY26 as compared to Rs. 48 crore in Q4FY25, a jump of 157.9%. Revenue for the quarter stood at Rs. 401 crore, as against Rs. 173 crore during the same quarter of last fiscal, a rise of 132.1%. EBITDA margin for Q4FY26 stood at 36.4%.
- April 28, 2026 10:08
Banking
City Union Bank shares traded 5% higher at Rs 285.09, hitting a high of Rs 293.51 from the previous close of Rs 271.21.
It reported net profit of ₹360 crore for the quarter ended March 2026 (Q4FY26), a 25 per cent growth compared to ₹288 crore in Q4FY25.
- April 28, 2026 10:05
Companies
Tata Steel shares rose 2% to Rs 216.96 on the NSE, after hitting a 52-week high of Rs 217.70
Tata Steel said the High Court has disposed of two writ petitions concerning demand letters issued for a chromite block, quashing claims amounting to ₹1,902.73 crore and ₹2,410.90 crore.
- April 28, 2026 10:00
Quarterly results
Coal India shares soar over 4% after Q4 results, catch live updates:
Q4 Results 28th Apr Live: Maruti Suzuki, Ceat, Dalmia Bharat, AWL Agri Business, Brigade, Eternal, Castrol India, REC, Star Health to announce Q4 results, UltraTech, Coal India, ATGL, AU SFB, Nippon Life, CUB, Canara Robeco shares in focus
Q4 Results Today, 28th April 2026 Live Updates: Find all the latest Q4 results 2026 updates of Apt Packaging Ltd, Artson Ltd, AWL Agri Business Ltd, Bandhan Bank Ltd, Brigade Hotel Ventures Ltd, Canara HSBC Life Insurance Company Ltd, Castrol India Ltd, Consolidated Construction Consortium Ltd, Ceat Ltd, Dalmia Bharat Ltd, Dhanlaxmi Bank Ltd, Elpro International Ltd, Emmvee Photovoltaic Power Ltd, Eternal Ltd, Fabtech Technologies Cleanrooms Ltd, Fedbank Financial Services Ltd, Five-Star Business Finance Ltd, Go Digit General Insurance Ltd, Greenply Industries Ltd, Garden Reach Shipbuilders & Engineers Ltd, IFCI Ltd, Infobeans Technologies Ltd, Lakhotia Polyesters (India) Ltd, Mahindra Lifespace Developers Ltd, Maruti Suzuki India Ltd, Mishka Exim Ltd, Mitshi India Ltd, Motherson Sumi Wiring India Ltd, Orient Cement Ltd, Panyam Cements & Mineral Industries Ltd, Panth Infinity Ltd, Piccadily Agro Industries Ltd, Piramal Pharma Ltd, Rajoo Engineers Ltd, REC Ltd, Macfos Ltd, Sanofi India Ltd, Sanofi Consumer Healthcare India Ltd, Sapphire Foods India Ltd, Satchmo Holdings Ltd, Skipper Ltd, Star Health and Allied Insurance Company Ltd, Leela Palaces Hotels & Resorts Ltd, Typhoon Holdings Ltd, and Vardhman Special Steels Ltd. UltraTech, Coal India, ATGL, AU SFB, SBI Cards, Nippon Life AMC, TMB, CUB, Canara Robeco in focus Stay tuned for more updates from businessline
- April 28, 2026 09:59
LTM Launches BlueVerse Studio as a Hub for Enterprise Agentic AI Adoption. Shares flat on the NSE at Rs 4,368.20
- April 28, 2026 09:59
Quarterly results
InfoBeans Technologies reports strong Q4 profit and recommends dividend
InfoBeans Technologies reported a standalone net profit of ₹19.25 crore for the quarter ended March 2026, compared to ₹12.89 crore in the same quarter last year. In FY26, the PAT stood at ₹67.07 crore compared to ₹46.97 crore in the year-ago period.
The board recommended a final dividend of ₹0.50 per share.
Shares traded 4 per cent higher at ₹192.75 on the NSE.
- April 28, 2026 09:59
Forex
Rupee falls 24 paise to 94.39 against US dollar in early trade
Rupee falls 24 paise to 94.39 against US dollar in early trade
The rupee falls 24 paise to 94.39 against the dollar, impacted by rising crude prices and month-end demand.
- April 28, 2026 09:47
Companies
Ola Electric allots OCRPS worth ₹127 crore via material subsidiary
Ola Electric Mobility Ltd has informed the exchanges regarding the allotment of OCRPS by a material wholly-owned subsidiary of the company for a consideration of ₹127 crore.
Shares traded at ₹36.34 on the NSE, down 1.6 per cent.
- April 28, 2026 09:46
Coal India shares soar over 4% after Q4 earnings beat
Coal India shares soar over 4% after Q4 earnings beat
Coal India shares rise over 4% after strong Q4 earnings, driven by a significant profit increase and positive brokerage ratings.
- April 28, 2026 09:39
Nifty holds 24,000 on expiry day; oil, Iran talks keep markets on edge
Nifty holds 24,000 on expiry day; oil, Iran talks keep markets on edge
Nifty holds 24,000 amid cautious trading; geopolitical tensions and oil prices influence market sentiment on expiry day.
- April 28, 2026 09:38
Crude oil futures rise amid Trump-Iran tensions over Strait of Hormuz
Crude oil futures traded higher on Tuesday morning after reports said that US President Donald Trump is unhappy with Iran’s proposal to reopen the Strait of Hormuz, which did not address its nuclear programme. At 9:25 AM on Tuesday, July Brent oil futures were at $102.59, up 0.89 per cent, and June crude oil futures on WTI were at $97.45, up 1.12 per cent.
May crude oil futures were trading at ₹9,205 on the Multi Commodity Exchange during the initial hour of trading on Tuesday against the previous close of ₹9,106, up 1.09 per cent. June futures were trading at ₹8,808 against the previous close of ₹8,715, up 1.07 per cent.
- April 28, 2026 09:38
Market analysis by Vikram Subburaj, CEO, Giottus.com
Bitcoin slipped back toward the mid-$76,000 zone on April 28 after failing to sustain momentum above the upper-$78,000 band. The asset traded near $76,700-$77,200, down roughly 2-3% over 24 hours. The spot market capitalisation is near $1.54 trillion and daily turnover is around $35-40 billion. Bitcoin dominance remained close to 59-60%. This suggests that capital continued to cluster around the largest asset rather than rotate aggressively into smaller tokens.
Price structure remains technically sensitive because Bitcoin is trading below a major realised-cost cluster. Analysts place the True Market Mean near $78,100, which has emerged as a key resistance zone during April. The market repeatedly struggled to sustain bids above $79,000-$80,000. This is a range where short-term holder cost basis and profit-taking pressure intersect. Immediate support lies near $75,000-$76,000, while a deeper breakdown could reopen a move toward $70,000, a level that increasingly acts as structural support for medium-term holders.
On-chain data suggests the market is not overheated but is entering a profit-taking phase. Analysts estimate short-term holder supply in profit at roughly 43.2%. This is still below historical overheating thresholds near 54%. The Realized Profit/Loss Ratio at 1.16 indicates more coins are being sold into strength than into panic. That creates overhead supply each time Bitcoin approaches resistance. Exchange reserves also remain near multi-year lows. This means fewer coins are available for immediate sale despite the rise in realised profits.
Institutional demand improved into late April. Spot Bitcoin ETFs recorded a strong sequence of inflows, including about $663.9 million on April 17, $238.4 million on April 20, $335.8 million on April 22, and $223.3 million on April 23. Those inflows helped stabilise Bitcoin after weakness seen earlier in April and reinforced the role of ETF demand as a near-term liquidity driver.
Macro conditions remain the dominant swing factor. The April 28-29 Federal Reserve meeting is the key event risk because rate expectations continue to influence liquidity-sensitive assets. Markets are also watching US Q1 GDP, PCE inflation, and labour-market data due the same week. Rising Treasury yields and a stronger dollar historically pressure crypto valuations by tightening financial conditions.
Altcoins tracked Bitcoin lower even though the dispersion remained visible. Ethereum traded near $2,282, down about 4.6% over 24 hours. XRP hovered around $1.39, down 3.5%. BNB held near $623, down 2.4%. Solana slipped toward $84, losing roughly 4.2%. TRON stood out by remaining marginally positive near $0.325, gaining about 0.4% while broader risk sentiment weakened.
Our advice: Bitcoin is trading between $75,000 support and $80,000 resistance. This means it is still a range-bound market rather than a confirmed breakout phase. Investors should avoid chasing short-term rallies near resistance and instead stagger entries during pullbacks. This is especially so as the US Fed meeting and the US macro data are likely to increase volatility this week. Diversification matters because Ethereum, Solana, and XRP remain 3-5% more volatile than Bitcoin during macro-driven corrections.
- April 28, 2026 09:37
NSE
Coal India tops Nifty 50 gainers in early trade
Top gainers of the Nifty 50: Coal India (+2.76 per cent), Adani Enterprises (+1.93 per cent), Grasim Industries (+1.60 per cent), ONGC (+1.01 per cent), Adani Ports (+0.91 per cent).
Top losers: SBI (-0.89 per cent), Eternal (-0.55 per cent), IndiGo (-0.54 per cent), Axis Bank (-0.46 per cent), Trent (-0.46 per cent).
- April 28, 2026 09:36
Crude oil futures edge higher as Trump unhappy with Iran proposal
Crude oil futures edge higher as Trump unhappy with Iran proposal
Crude oil futures rise as Trump criticizes Iran's proposal to reopen the Strait of Hormuz amid nuclear concerns.
- April 28, 2026 09:23
Sensex and Nifty open lower in early trade
The Sensex fell 169.17 points or 0.22 per cent to 77,134.46 at 9:16 AM after opening lower at 77,094.79 from the previous close of 77,303.63. The Nifty 50 dipped 48.40 points or 0.20 per cent to 24,044.30 after a flat opening at 24,049.90 from the previous close of 24,092.70.
- April 28, 2026 09:21
Jefferies maintains Buy on Lodha Developers
Jefferies kept Buy on Lodha Developers with a target price of ₹1,215. It highlighted FY27 pre-sales guidance beat and long-term drivers including data centre plans that could drive 20 per cent PAT CAGR.
- April 28, 2026 09:20
Citi on Cipla’s Symbicort opportunity
Citi maintained Buy on Cipla with a target price of ₹1,530. It noted that US FDA approval for Teva’s generic Symbicort increases competition, making timely approval for Cipla critical to secure market share.
- April 28, 2026 09:20
Jefferies raises target on Varun Beverages
Jefferies maintained Buy on Varun Beverages and raised the target price to ₹615 from ₹550. It called the quarter refreshing with 14 per cent volume growth and strong international performance.
- April 28, 2026 09:20
Morgan Stanley keeps Overweight on Embassy Office Parks REIT
Morgan Stanley maintained Overweight on Embassy Office Parks REIT with a target price of ₹470. It noted in-line FY26 DPU growth and gave FY27 DPU guidance of ₹27.8 per unit. Occupancy stands at 90 per cent with a strong development pipeline.
- April 28, 2026 09:20
Morgan Stanley positive on Bajaj Housing Finance
Morgan Stanley highlighted positive management commentary on Bajaj Housing Finance with strong growth outlook and aims to grow at nearly 2x industry rate. It noted stable-to-mild NIM compression expected in FY27 and no stress across portfolios.
- April 28, 2026 09:20
Elara Capital maintains Buy on City Union Bank
Elara Capital maintained Buy on City Union Bank with a revised target price of ₹345 (versus ₹335 earlier). It highlighted strong Q4 PAT beat, 25.7 per cent YoY loan growth, improved CASA ratio, and robust asset quality.
- April 28, 2026 09:19
RBI issues final directions on ECL framework for banks
Citi noted that the RBI has issued final directions for banks to transition to the Expected Credit Loss framework effective April 1, 2027, with a five-year glide path. The move is seen as net positive for banks with higher home loan exposure.
- April 28, 2026 09:19
HSBC initiates coverage on steel stocks
HSBC initiated coverage on steel sector with Buy on JSW Steel (target ₹1,460) and Jindal Stainless (target ₹800), Hold on JSPL (target ₹1,280), and maintained Buy on Tata Steel (target ₹255). It cited multi-year demand visibility and policy protection from imports.
- April 28, 2026 09:19
Mixed views on Coal India after Q4 results
Morgan Stanley maintained Equal-weight on Coal India with a target of ₹410 after an EBITDA beat. Jefferies kept Buy with a target of ₹500, expecting earnings recovery. HSBC retained Hold with a target of ₹440, noting elevated inventories and limited catalysts.
- April 28, 2026 09:19
Jefferies raises target on Adani Energy Solutions
Jefferies maintained Buy on Adani Energy Solutions and raised the target price to ₹1,665 from ₹1,170. It lowered FY27-28 EBITDA estimates by 5-6 per cent to factor in execution delays but retained confidence in strong capitalisation run-rate going ahead.
- April 28, 2026 09:19
AU Small Finance Bank gets mostly 'Buy' and 'Neutral' calls
Nomura retained Neutral on AU Small Finance Bank with a target of ₹975 after a strong Q4 with margin expansion and easing credit costs. UBS kept Neutral with a target of ₹1,150. Jefferies maintained Buy with a target of ₹1,250, and Citi retained Buy with a target of ₹1,225, both highlighting a sharp 65 per cent YoY PAT beat and ROA of 1.8 per cent.
- April 28, 2026 09:18
Brokerages mixed on SBI Cards after weak Q4
HSBC downgraded SBI Cards to Reduce with a target price cut to ₹500, citing slower growth and pressure on core metrics. Jefferies kept Hold with a target of ₹700 after Q4 adjusted PAT missed estimates. UBS maintained Neutral with a target cut to ₹780, while JPMorgan retained Underweight with a target of ₹625, flagging risks from subdued receivable growth and elevated opex.
- April 28, 2026 09:18
Nomura and Jefferies on Piramal Finance
Nomura maintained Buy on Piramal Finance with a target price of ₹2,150, citing strong 25 per cent loan growth guidance for FY27 and ROAUM guidance of 2.5 per cent by 4Q27 and over 3 per cent by FY28. Jefferies retained Hold with a target of ₹1,940, noting that while profit and returns should improve over FY26-28 on retail AUM growth, the stock at 1.4x FY27 BV has limited upside with subdued ROA/ROE.
- April 28, 2026 09:18
CLSA, Jefferies and HSBC raise targets on Ultratech Cement
CLSA retained High Conviction Outperform on Ultratech with a target price of ₹14,000. It noted a strong Q4 with 9 per cent YoY volume growth and EBITDA per tonne of ₹1,192, both beating estimates. Jefferies kept Buy with a target of ₹14,050, citing 21 per cent YoY Q4 EBITDA growth, 14 per cent volume growth in FY26, and an 85 per cent-plus dividend payout. HSBC maintained Buy with a target of ₹14,200 after a beat on EBITDA and PAT, and raised FY28-29 EBITDA estimates by 2.4 per cent and 4.6 per cent.
- April 28, 2026 09:18
Ultratech Cement sees multiple 'Buy' calls after strong Q4
Goldman Sachs maintained Buy on Ultratech Cement with a target price of ₹13,230 (versus ₹13,640 earlier). It highlighted a strong Q4 with EBITDA per tonne at ₹1,167 versus estimates, 9 per cent YoY volume growth, 18 per cent YoY rise in India cement volumes, and ~3 per cent QoQ improvement in realisations. Brand integration of India Cements and Kesoram is complete, though near-term margins face higher energy costs. Long-term outlook remains strong with expected EBITDA CAGR of ~14 per cent over the next two years.
- April 28, 2026 09:15
Quote: Avinash Shekhar, Co-Founder & CEO, Pi42
“Bitcoin is trading around the $76,000–$77,000 range, with recent price action marked by heightened volatility and sharp intraday swings. The market witnessed over $118 million in liquidations, reflecting aggressive positioning and rapid unwinding across leveraged trades.
At the same time, sentiment remains closely tied to geopolitical developments, particularly evolving U.S. and Iran proposals, which have triggered short-term pullbacks across crypto markets. Despite this, Bitcoin’s downside has remained relatively contained, indicating that selling pressure is not accelerating meaningfully at current levels.
From a market structure standpoint, recent volatility is increasingly being viewed as a potential bear trap, where downside moves are flushing out weak positions. Derivatives positioning continues to reflect an upside bias, with conditions aligning for a possible short squeeze scenario that could push Bitcoin toward the $80,000 level in the near term.
For investors, this phase highlights a market driven by event-led volatility but supported by resilient structure. While short-term uncertainty persists, the contained downside and positioning dynamics suggest that the broader trend remains constructive, with the potential for a sharp upside move if momentum builds.”
- April 28, 2026 09:15
EQUITY PREVIEW
• Adani Total Gas (ATGL): 4Q Net Income INR1.68B vs. 1.55 b y/y. (1)
• Apollo Hospitals (APHS): Says NCLT Division Bench - II, Chennai approves proposed scheme of arrangement
• AU Small Finance (AUBANK): 4Q Net Income +65% Y/y to INR8.32b (1)
• Bajaj Housing Finance (BAJAJHFL): 4Q Net Income +14% Y/y to 6.69B Rupees (1)
• Central Bank of India (CBOI): To mull FY27 fund raising plan on April 30, via FPO, rights issue, QIP or bonds
• City Union Bank (CUBK): 4Q Net Income +25% Y/y to INR3.6b, Meets Estimates
• Jindal Saw (JSAW): To set up another plant in Saudi Arabia via Jv.
• McLeod Russel India (MCLR): Approves sle of assets of some proposed tea estates
• Mahindra Holidays (MHRL): Buys Coffee Plantation Firm for $4 Million
• Nippon Life India AM (NAM): 4Q Net Income +29% Y/y to INR3.85b, Beats Estimates
• Oil & Natural Gas Corp (ONGC): Unit ONGC Petro additions says parent ONGC approves Jv. in the ratio of 50:25:25 by ONGC, MRPL, OPaL
• Phoenix Mills (PHNX): 4Q Net Income Beats Estimates
• Piramal Finance (PIRMALF): 4Q Net Income 6.03B Rupees Vs. 638.9M Rupees Y/y
• Power Grid Corp (PWGR): To consider fundraising on April 30
• Punjab & Sind Bank (PJSB): 4Q Net Income +35% Y/y to 4.22B Rupees
• Railtel Corp. (RAILTEL): Gets INR1.45b order from Eastern Coalfields
• Rallis India (RALI): 4Q Net Loss 150M Rupees, Est. Loss 282.3M Rupees
• Supreme Industries (SI): 4Q Net Income +48% Y/y to INR4.34b, Beats Estimates
• Surya Roshni (SYR): Gets INR178.9m export order from USA
• Tamilnad Mercantile (TMB): 4Q Net Income +28% Y/y to 3.74B Rupees; to pay INR12.5/shr as dividend
• UltraTech Cement (UTCEM): 4Q Net Income +20% Y/y to INR29.8b, Beats Estimates
- April 28, 2026 09:14
Macro and market update this morning
The ongoing geopolitical tensions in the Middle East—triggered by the Iran conflict—are significantly impacting fertilizer markets, with implications for global food inflation. More than half of the region’s urea output may have been disrupted since the onset of the conflict, as per CRU Group estimates, with nearly 55–60% of production potentially halted. The effective closure of the Strait of Hormuz has severely constrained shipments of urea, a critical input for nitrogen-based fertilizers. Given that nearly 45% of global urea trade originates from producers located along the Persian Gulf, exports to key markets such as India, Europe, and Brazil are facing significant bottlenecks, tightening global supply.
Meanwhile, diplomatic developments remain fluid. Donald Trump and his national security team have expressed skepticism over Iran’s proposal to reopen the Strait and defer nuclear negotiations, as reported by The Wall Street Journal.
Although the proposal has not been outright rejected, concerns persist regarding Iran’s willingness to engage in good faith particularly around core demands such as ending nuclear enrichment. In parallel, Axios reported that Iran, via Pakistani mediators, has submitted a revised proposal to the White House; however, the US response remains uncertain.
Against this backdrop, global economic policymakers are preparing contingency responses. In Germany, the Finance Ministry has indicated a willingness to consider suspending its constitutionally mandated debt brake as an emergency measure to cushion potential economic fallout.
In contrast, China has demonstrated resilience despite global headwinds. Industrial profits rose 15.8% YoY in March, driven primarily by strong performance in equipment and high-tech manufacturing sectors , according to the National Statistics Bureau, even as tighter global energy markets continue to pose external risks.
On the domestic front, National Statistics Office (NSO) has proposed leveraging aggregated GST data to construct an Index of Service Production (ISP), with FY25 as the base year, aiming to enhance real-time tracking of services sector activity.
Simultaneously, India has strengthened its global trade positioning by signing a comprehensive free-trade agreement with New Zealand. The agreement—expected to be operational by year-end—grants India 100% duty-free access, alongside a committed $20 billion FDI inflow over 15 years and improved labor mobility provisions. While India will liberalize ~70% of tariff lines (covering ~95% of New Zealand’s exports), it continues to safeguard sensitive sectors such as dairy, sugar, and edible oils.
Encouragingly Private sector participation in capex rebounded in FY26, with its share in new projects exceeding 70%, driven by a 51.5% YoY rise in investment commitments to ~₹41 trillion, while government capex grew ~1%. However, momentum slowed in Q4FY26, with announcements falling to ₹8.6 trillion from ~₹16 trillion in prior quarters, amid West Asia-related uncertainties.
Lastly, the Reserve Bank of India has introduced final guidelines for transitioning to an Expected Credit Loss (ECL)-based provisioning framework, marking a significant shift in banks’ credit risk assessment practices. The norms remain largely unchanged from the draft issued in October, notably retaining a 5% provisioning requirement for Stage 2 loans, despite industry requests for relaxation aligned with non-performing asset provisioning standards.
Asian market
Asian market opened mixed today as investors weighed developments in U.S.-Iran negotiations. Overnight in the U.S., the S&P 500 and the Nasdaq Composite rose to new record highs but gains were limited as stalled Iran peace talks and a fresh escalation in the Strait of Hormuz pushed oil prices higher.
Brent: 102.39, US10Y: 4.34%, DXY: 98.54 GIFTNIFTY: -0.11%
- April 28, 2026 09:12
Rupee faces pressure from stubbornly high oil, weak Asian peers
Rupee faces pressure from stubbornly high oil, weak Asian peers
‘Oil appears to have settled at a higher level, leaving limited scope for sustained relief for the rupee’
- April 28, 2026 08:53
Global bits
United States
Fed expected to hold rates as war-driven energy inflation keeps businesses cautious and delays easing.
Canada
Economic outlook mirrors U.S., with oil volatility shaping inflation and growth expectations.
United Kingdom
Bank of England likely to stay on hold as energy-driven inflation (3.3%) and growth risks rise.
Eurozone
Facing renewed energy crisis pressures, with inflation risks elevated and policy turning cautious amid supply shocks.
Germany
Industrial outlook strained by high energy costs and supply disruptions linked to the conflict.
Ireland
Growth outlook pressured by external demand slowdown and energy-led inflation.
Egypt
Growth trimmed and inflation raised (~13%+) due to rising import costs from oil shock.
India
Highly exposed to oil supply disruptions via Strait of Hormuz, raising inflation and fuel supply risks.
China
Managing energy security concerns and import dependency amid global supply disruptions.
Japan
Facing higher import bills and inflation pressure due to energy reliance.
New Zealand
Similar spillover effects from oil volatility impacting inflation outlook.
Russia
Oil price gains support revenues, with ongoing sanctions-related asset sale developments.
Brazil
Outlook tied to commodity cycles, with mixed impact from higher oil prices.
South Africa
Facing rising energy and food costs, increasing fiscal and inflation pressures.
Gulf Economies (Saudi Arabia, UAE, Qatar, Kuwait)
Severe contraction risks as refinery damage and Hormuz disruption cripple exports; Qatar sees sharp export collapse and deep recession forecast.
Source: Reuters
- April 28, 2026 08:22
Markets set to open lower as rising oil prices dampen sentiment
Markets set to open lower as rising oil prices dampen sentiment
GIFT Nifty signals weak start; FPI selling continues while IT rebound offers some support
- April 28, 2026 08:01
Review
Quote: Vikram Kasat, Head Advisory, PL Capital
Expectations Mount It’s a big week for earnings, and investors are feeling optimistic as S&P 500 companies plow through what’s likely to be another quarter of double-digit growth.
Companies that haven’t beaten earnings estimates—and raised their outlooks—have gotten slaughtered in this market And even some companies that did beat, beat, and raise, it wasn’t enough.
Corporate earnings may not yet show the full impact of the Iran conflict, Forward guidance is where companies will start pricing in higher future costs.
Nifty 24092.70
Key Support: 23800 it’s trying for 24300 level for nth time
Trading picks: Coal India, RVNL, and PGEL Levels to be shared at market open.
- April 28, 2026 08:00
Companies
Vikran Engineering has acquired a 49 per cent stake in Nopl Solar Projects to expand its renewable energy portfolio
- April 28, 2026 07:42
Stock market
10 stocks in focus on Tuesday: Railtel, SAMIL, M&M, TCS, Vipul Organics, Jindal Saw, Imzo and others
10 stocks in focus on Tuesday: Railtel, SAMIL, M&M, TCS, Vipul Organics, Jindal Saw, Imzo and others
Discover key stock movements and strategic developments in telecom, automotive, and chemical sectors for Tuesday's market focus.
- April 28, 2026 07:27
Stock market
Day Trading Guide for April 28, 2026: Intraday supports, resistances for Nifty50 stocks
Day Trading Guide for April 28, 2026: Intraday supports, resistances for Nifty50 stocks
Get essential intraday support and resistance levels for Nifty50 stocks with trade recommendations for April 28, 2026.
- April 28, 2026 07:26
Technical call buy
Today’s Stock Recommendation: April 28, 2026
- April 28, 2026 07:21
Stock market
Stock in F&O Ban: SAIL
- April 28, 2026 06:52
Stock market
FIIs turn net sellers in equity cash market on April 27
Instl. Investors EQUITY Cash Trades PROV. - 27/04/2026 : Rs. CRS. : FIIS : SELL -1,151 (30,263-31,414) DIIS : BUY +4,124 (19,978-15,854)
- April 28, 2026 06:49
Technical call buy
Stock to buy today: Jio Financial Services (₹253.75)
Stock to buy today: Jio Financial Services (₹253.75)
Discover why Jio Financial Services is a buy at ₹253.75, with potential gains up to ₹275 amid bullish trends.
Published on April 28, 2026
