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The GIFT Nifty, an early indicator for Dalal Street, is trading at 24,065 points as of 8:00 a.m., lower than the Nifty 50's previous close of 24,092.70. The weekly and monthly F&O contracts for the Nifty will expire today. The benchmark index could be volatile, especially in the final hour of the session. The Nifty and Sensex ended 0.8% higher on Monday.
Meanwhile, Asian stock markets were mixed as investors weighed developments in US-Iran negotiations. The MSCI Asia Pacific Index was up 0.2%. South Korea's benchmark Kospi clinched another record high after surging 1.3%. Nikkei was down 0.3%. The Hang Seng slipped 0.4% at open and the Shanghai Shenzhen CSI 300 shed 0.3%.
US President Donald Trump and his national security team on Monday discussed Iran's reported offer to reopen the Strait of Hormuz, contingent on the US lifting its blockade and ending the conflict, according to White House press secretary Karoline Leavitt.
Brent crude traded near $108 a barrel after advancing 2.8% on Monday, while West Texas Intermediate was above $96.
Traders are also awaiting a slew of central bank decisions and earnings from major technology companies this week.
Maruti Suzuki, Eternal, Bandhan Bank, and Ceat are among the companies reporting their March quarter earnings today. Bajaj Housing Finance, Coal India, AU Small Finance Bank and Adani Total Gas shares will be in focus after their earnings post-market hours on Monday.
Iran has offered to loosen its chokehold on the Strait of Hormuz if the United States ends its military campaign and lifts an economic blockade, according to two regional officials cited by The Associated Press on Monday. The proposal would postpone negotiations over Iran's nuclear program, a condition US officials appear unwilling to accept.
The offer was delivered to US officials through Pakistan and comes amid a fragile ceasefire between Washington and Tehran, AP reported. However, US President Donald Trump is unlikely to embrace a deal that leaves unresolved the disputes that prompted U.S. and Israeli strikes against Iran on Feb 28.
Edward Yardeni, president of Yardeni Research, told NDTV Profit that a decline in oil prices would be beneficial for India. He noted that some emerging markets are natural beneficiaries of the growth in artificial intelligence.
Yardeni highlighted that the United States accounts for nearly 60% of global market capitalisation. He also observed that Russia is selling oil to India and China. According to Yardeni, oil remains the best gauge for understanding market sentiment, as oil prices are a key driver of all financial markets. He added that the United States and Iran appear to be settling in for a continued ceasefire.
Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is set to announce the results for the fourth quarter of FY26 today. It is a Miniratna public sector undertaking (PSU) under the Ministry of Defence. The company is based in Kolkata and is one of India's leading shipbuilders. Here's everything you need to know about GRSE's Q4FY26 results schedule.
The stock is up 76% in the last 12 months.
Chinese and Hong Kong stock markets opened lower. The Hang Seng slipped 0.4% at open and the Shanghai Shenzhen CSI 300 shed 0.3%.
Taiwan's benchmark Taiex recovered opening losses to trade 0.4% higher.
The GIFT Nifty, an early indicator for Dalal Street, is trading at 24,065 points (down 0.45%) as of 8:00 a.m., lower than the Nifty 50's previous close of 24,092.70. The weekly and monthly F&O contracts for the Nifty will expire today. The benchmark index could be volatile, especially in the final hour of the session.
A host of global and domestic brokerages have rolled out fresh views on companies including Pine Labs, Lodha, Cipla, Varun Beverages, UltraTech Cement, AU Small Finance Bank and Coal India, as analysts track earnings momentum, competitive intensity, M&A-led growth and evolving macro and regulatory trends.
Jefferies on Varun Beverages
Maintain Buy; TP hiked to Rs 615 from Rs 550
Jefferies on UltraTech Cement
Maintain Buy; TP hiked to Rs 14050 from Rs 14025
Morgan Stanley on SBI Cards
Maintain Underweight; TP cut to Rs 545 from Rs 555
Jefferies on SBI Cards
Maintain Hold; TP cut to Rs 700 from Rs 880
The capital markets were saved by the domestic institutional investors on Monday, after they bought four times more equities than the foreign portfolio investors offloaded. DIIs bought stake worth Rs 4,124 crore and remained net buyers for the third session in a row after the Indian equity market bounced back from a three-day long slump.
On the other hand, FPIs remained net sellers for the seventh consecutive session and offloaded Indian equities worth Rs 1,151.48 crore, as per NSE's provisional data. So far in April, the overseas investors have pulled out nearly Rs 53,000 crore, according to National Securities Depository Ltd.'s data.
Over 40 companies are set to announce the results for Q4FY26 on April 28. Big names announcing fourth-quarter results on April 28 include Maruti Suzuki India Ltd., Garden Reach Shipbuilders & Engineers Ltd., REC Ltd., Bandhan Bank Ltd., Piramal Pharma Ltd., Sanofi India Ltd., Castrol India Ltd. and Dalmia Bharat Ltd. Some companies could also announce dividends. Many have already scheduled conference calls to discuss their Q4FY26 numbers in detail.
The dollar index hovered around 98.5 after a sharp intraday drop in the prior session, as renewed diplomatic efforts to resolve the US–Iran conflict reduced demand for the safe-haven currency.
The euro and British pound were flat against the greenback. The yen held steady at 159.34 before the Bank of Japan’s policy announcement later today.
South Korea's benchmark Kospi index clinched another record high after surging 1.3%. This was the 11th consecutive session of gains. The index is up 63% year-to-date.
The combined market capitalisation of listed firms in Korea surpassed the 6000 trillion won ($4.07 trillion) mark for the first time Monday.
Asian stock markets were mixed as investors weighed developments in US-Iran negotiations. The MSCI Asia Pacific Index was up 0.2%. South Korea's benchmark Kospi clinched another record high after surging 1.3%.
Japan's blue-chip Nikkei 225 Index declined 0.6% to below 60,200, retreating from recent record highs as investors positioned cautiously ahead of the Bank of Japan’s latest policy decision. The central bank is broadly expected to keep its benchmark rate unchanged as policymakers balance heightened inflationary pressures against growth risks linked to the Middle East conflict.
Oil prices held firm at elevated levels as the US assessed a fresh proposal from Iran, even as the Strait of Hormuz remained effectively shut, keeping global supply concerns intact.
Brent crude for June settlement was unchanged at $108.23 a barrel, with the more active July contract at $101.95, while WTI for June delivery rose 0.3% to $96.65. The benchmarks have climbed sharply in recent sessions as traders price in prolonged disruption.
The GIFT Nifty, an early indicator for Dalal Street, is trading at 24,130 points as of 6:45 a.m., higher than the Nifty 50's previous close of 24,092.70. The weekly and monthly F&O contracts for the Nifty will expire today. The benchmark index could be volatile, especially in the final hour of the session.
The Nifty and Sensex ended 0.8% higher on Monday.
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