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India's benchmark equity indices opened higher on Wednesday. The Nifty 50 reclaimed 24,100 after open and the BSE Sensex added 360 points or 0.5% to 77,245.
Maruti Suzuki, Eternal, Bandhan Bank, Garden Reach Shipbuilders, Adani Total Gas, Cochin Shipyard and Astral were some of the most notable gainers today.
On the NSE, the Nifty Auto index surged the most, followed by Nifty Defence and Nifty Consumption. Meanwhile, Nifty Metal declined.
Elswhere, Asian stocks were mixed after a technology‑led selloff on Wall Street, as concerns grew over the returns on billions of dollars being spent on artificial intelligence ahead of a slew of megacap earnings. Markets opened lower in Australia and South Korea, while Japan was closed for a public holiday. Sentiment toward technology stocks showed signs of stabilising. The MSCI AC Asia Pacific index was flat.
South Korea's Kospi recovered opening losses to trade 0.2% higher, just a few points below the record level reached in the previous session. Hong Kong's Hang Seng index futures stood at 25,661, compared with the index's last close of 25,679.78.
Brent crude traded above $110.75 a barrel. WTI crude futures held above $99 per barrel after gaining more than 3% in the prior session.
S&P 500 futures added 0.2%, while Nasdaq 100 futures rose 0.4%. Futures tied to the Dow Jones Industrial Average advanced 118 points, or 0.24%. Overnight in New York, the S&P 500 fell 0.49% to close at 7,138.80, while the tech-heavy Nasdaq Composite shed 0.9%. The Dow Jones Industrial Average slid 25.86 points, or 0.05%.
Stock Market Live Updates: UAE's Exit From OPEC Opens Opportunity For India
Former HPCL Chairman M.K. Surana told NDTV Profit that the UAE’s decision to exit OPEC has been anticipated for some time. He said the move reflects the UAE’s effort to position its economy beyond being solely oil‑dependent. Surana noted that the UAE is looking to monetise its recent investments in the oil sector. He added that additional production from the UAE could add around 1.2 billion barrels to the global oil market.
He said the UAE’s exit from OPEC could open up opportunities for India, particularly in terms of energy engagement and sourcing. According to Surana, the UAE currently produces about 3.6 million barrels of crude oil.
Stock Market Live Updates: Vedanta Shares Move Ahead Of Q4
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Stock Market Live Updates: India Still Expensive For FPIs Vs China, Taiwan, Says BofA Strategist
Amish Shah, Head of India Research at BofA Securities, told NDTV Profit that Indian market valuations remain quite expensive. India continues to be a net importer of oil and gas; higher crude prices, particularly amid the Iran conflict, are putting pressure on markets.
He noted that the risk-reward for the Nifty currently looks balanced, but in a worst‑case scenario, Indian markets could see a downside of around 9%.
Shah said it is difficult to predict how long the war will continue, and added that foreign portfolio investor flows are likely to remain negative. According to Shah, India continues to look expensive for FPIs compared with markets such as China and Taiwan.
Shah expects Nifty earnings growth of about 8.5% in FY27. He also said Brazil offers an attractive opportunity from a commodity standpoint.
On the technology sector, Shah noted that IT companies in the US and Europe are trading at around 11 times price‑to‑earnings, while IT valuations in India remain rich despite the recent correction.
Stock Market Live Updates: OneSource Specialty Shares Up
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Stock Market Live Updates: Dr Reddy's Wins Canada Approval For Generic Ozempic
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Stock Market Live Updates: Adani Total Gas, Cochin Shipyard, Astral Top Gainers Among Midcaps
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Stock Market Live Updates: GRSE, CEAT Gain Most Among Smallcaps
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Stock Market Live Updates: Maruti Suzuki, Tata Motors PV Top Gainers On Nifty
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Stock Market Live Updates: Nifty Above 24,100, Sensex Jumps 300 Points
The Nifty 50 reclaimed 24,100 after open and the BSE Sensex added 360 points or 0.5% to 77,245.
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Stock Market News Live Updates: Rupee Vs Dollar
The Indian rupee opened 20 paise weaker at 94.75 against the US dollar. The local currency had depreciated 35 paise on Tuesday.
The dollar index was unchanged against major currencies. Most emerging Asian currencies were down against the greenback.
Stock Market News Live Updates: Maruti Suzuki Shares In Focus — Should You Buy?
Shares of Maruti Suzuki India Ltd are in focus today, April 29 after the company reported a jump in revenue but a decline in profit for the fourth quarter. The consolidated revenue jumped 28.2% year-on-year to Rs 52,449 crore, compared with Rs 40,901 crore in the same quarter last year, aided by strong vehicle sales. Net profit dipped 6.9% to Rs 3,591 crore from Rs 3,857 crore a year earlier.
Brokerages cited exports as a significant key driver of FY26 outperformance, while flagging rising cost pressures, which could impact margins over the near to medium term.
Morgan Stanley maintained an 'Overweight' rating on the stock with a target price to Rs 17,895, citing The revised target is higher than 52 week high of Rs 17, 370, since then the stock has corrected around 22.8%.
Stock Market News Live Updates: Maruti Suzuki Expect To See Double-Digit Growth In FY27
Maruti Suzuki Chairman R.C. Bhargava told NDTV Profit that recent hikes in petrol and diesel prices have not impacted demand so far. He said the full impact of the Middle East conflict is yet to be felt, though the company has seen some changes in demand patterns due to the war.
Bhargava noted that waiting periods for vehicles need to become more reasonable. He said Maruti Suzuki expects to see double‑digit growth this year as well.
He added that exports to the Gulf region have been stopped due to the geopolitical situation. Bhargava also said that most of the company’s investments are in debt instruments.
Stock Market News Live Updates: Bandhan Bank, Maruti Suzuki And More On Brokerages' Radar
Brokerages rolled out fresh calls on Bandhan Bank, Maruti Suzuki, Eternal, Dalmia Bharat, and REC Limited, alongside views across insurance, chemicals, QSR, pipes and renewables.
Macquarie on Bandhan Bank
- Maintain Underperform; TP Rs 130
- Recovery underway with improving growth
- PAT beat driven by lower credit costs
- Slippages moderating; loan growth picking up
- Lower borrowing cost aiding NIM expansion
- Consistency key for re-rating
Citi on Maruti Suzuki
- Maintain Buy; TP raised to Rs 18,500
- Operational beat; lower other income impacted PAT
- Demand strong post GST cuts
- Cost pressures rising; margins to be impacted
- Volume estimates raised; earnings trimmed
UBS on Supreme Industries
- Upgrade to Neutral; TP Rs 4,000
- PVC tailwinds offset execution concerns
- Inventory gains supported Q4
- Policy push (JJM 2.0) supportive
Stock Market News Live Updates: Eternal Q4 Reactions — Check Revised Targets
Eternal Ltd., the parent company of leading food delivery platform Zomato, is on brokerages' radar as the company posted an over fourfold jump in consolidated net profit in the fourth quarter of fiscal 2025-26. The bottomline came in at Rs 174 crore, compared to Rs 39 crore, according to a stock exchange filing on Tuesday. Eternal reported a steady operational performance in fourth quarter, with strong growth in quick commerce and food delivery businesses, alongside improving profitability metrics across segments.
Brokerages maintain a largely constructive stance on Eternal, with the exception of one Underperform rating from Macquarie. Citi maintains a Buy rating, but trims its target to Rs 360, whereas Morgan Stanley is more upbeat, with an Overweight rating and a hike in the target price to Rs 347. Investec also stays positive with a Buy rating, and a Rs 375 target. UBS echoes the sentiment with another Buy call, and a Rs 310 target price. Macquarie remains cautious with an Underperform rating and a Rs 200 target, warning of slowing expansion, and elevated competitive intensity.
Stock Market News Live Updates: Top Earnings Post Market Hours
AWL Agri Q4 FY26 (Cons, YoY)
- Revenue up 17.7% at Rs 21,465 crore versus Rs 18,230 crore
- Ebitda up 16.7% at Rs 524 crore versus Rs 449 crore
- Ebitda margin at 2.44% versus 2.46%
- Net Profit up 53.5% at Rs 292 crore versus Rs 190 crore
Bandhan Bank Q4 FY26 (YoY)
- Revenue (NII) up 1% at Rs 2,796 crore versus Rs 2,756 crore
- Margin (NIM) up 30 bps to 6.2%
- Net Profit up 68% at Rs 534 crore versus Rs 318 crore;
- Provisions at Rs 677 crore versus Rs 1,260.2 crore YoY and Rs 1,154 crore QoQ;
- Gross NPA at 3.27% versus 3.33% QoQ;
- Net NPA at 0.97% versus 0.99% QoQ;
- Fresh slippages at Rs 10,300 crore versus Rs 13,100 crore QoQ and Rs 17,500 crore YoY
Garden Reach Shipbuilders Q4 FY26 (YoY)
- Revenue up 29.1% at Rs 2,119 crore versus Rs 1,642 crore
- Ebitda up 61% at Rs 355 crore versus Rs 221 crore
- Ebitda margin at 16.8% versus 13.4%
- Net Profit up 24.1% at Rs 303 crore versus Rs 244 crore
Stock Market News Live Updates: Shares To Exit Anchor Lock-In
- Powerica: 1 month lock in on 4 million shares — 3% of total outstanding shares
- Sai Parenteral: 1 month lock in on 2 million shares — 4% of total outstanding shares
- Amir Chand Jagdish Kumar: 1 month lock in on 1 million — 1% of total outstanding shares
Stock Market News Live Updates: Fund Flow Picture
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Stock Market News Live Updates: BHEL, MobiKwik, PC Jeweller In Focus
- One MobiKwik Systems (Bulk Deal): Peak XV Partners Investments sold 62.2 lakh shares in the company at a price of Rs 214 per share, as per exchange data.
- BHEL: The company signed a transfer‑of‑technology agreement with DRDO's NSTL unit. Under the pact, BHEL will develop infra‑red suppression systems for naval vessels using GT‑IRSS technology.
- Cupid: The company received a warning letter from SEBI for failure to disclose the cancellation of a preferential issue.
- Ujjivan Small Finance Bank: The company's board will consider raising funds through QIP or other modes at its meeting scheduled on May 8.
- PC Jeweller: The company's arm, PCJ Mining, received a one‑year gold‑mining licence in Chad.
- Ratnaveer Precision: The company's board approved a fundraising of up to Rs 330 crore via equity. It plans to raise funds through QIP, rights issue, or FPO, and also approved an increase in authorised share capital to Rs 113 crore from Rs 85 crore.
Stock Market News Live Updates: Citius Transnet Investment Trust Listing Today
Citius Transnet Investment Trust will list on the exchanges today. The issue price is Rs 100.
The issue was entirely a fresh issue of 11.05 crore shares of Rs 1,105.00 crore. The InvIT IPO was subscribed 20.4 times, institutional investors were at 23.21 times & other investor were at 17.09 times.
The company is an infrastructure investment trust focused on the transport sector in India. The company acquires, manages, and invests in transport infrastructure assets such as roads.
Stock Market News Live Updates: Earnings In Focus
Adani Power, Bajaj Finance, Cemindia Projects, Federal Bank, Fino Payments Bank, Force Motors, Geojit Financial Services, Granules India, HEG, IIFL Finance, Indegene, Indian Bank, Indian Overseas Bank, Jana Small Finance Bank, KFin Technologies, MAS Financial Services, MOIL, Motilal Oswal Financial Services, Mphasis, Navin Fluorine International, RPG Life Sciences, Schaeffler India, Sterlite Technologies, Syngene International, Vedanta, Waaree Energies.
Stock Market News Live Updates: Vedanta, Waaree Energies, Bajaj Finance Q4 Results Today
Vedanta, Waaree Energies, KFin Technologies, Bajaj Finance and Mphasis will announce the financial results for the fourth quarter of the current financial year on Wednesday. The earnings statements will be disclosed through the stock exchanges.
Vedanta is expected to report profit at Rs 8,066.2 crore and revenue at Rs 50,729.23 crore. Ebitda is likely to be at Rs 18,144.28 crore with margin at 35.80%.
Waaree Energies is expected to report stronger March-quarter earnings, with revenue at Rs 7,587.06 crore. Profit is estimated at Rs 1,115.93 crore. Ebitda is likely to be at Rs 1,721.73 crore with a margin of 22.70%.
Stock Market News Live Updates: What UAE Exit From OPEC+ Means For Oil Prices
The United Arab Emirates has announced it will exit the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC grouping effective May 1, 2026, ending nearly six decades of membership and raising fresh questions over global oil market stability.
The move will cut OPEC's membership to 11 and, according to BBC, it will hit roughly 15% of its production capacity, marking one of the most significant structural shifts in the cartel in recent years.
Analysts pointed to a mix of supply fears and geopolitical tensions, particularly the ongoing US-Iran standoff and disruptions in the Strait of Hormuz, a critical artery for global crude flows.
Stock Market News Live Updates: Oil Prices Today
Oil prices paused after a sharp climb, as markets tracked uncertain diplomatic signals around the Iran conflict and the fate of the Strait of Hormuz — a chokepoint that remains effectively shut. Brent crude hovered near $111 a barrel after gaining roughly 2.8% in the previous session, while West Texas Intermediate (WTI) traded just above $99. The price action reflects a market caught between tentative ceasefire developments and the reality of constrained Middle East supply.
Stock Market News Live Updates: Wall Street Recap
US stocks declined on Tuesday, with the S&P 500 Index falling from its record, led by a slide in semiconductor and other tech companies.
A report about OpenAI missing its internal sales goals fueled worries about artificial intelligence spending, dragging on a swath of exposed shares. Chip stocks, which ended their record winning streak this week, sold off. The Philadelphia Semiconductor Index, known as the SOX, closed down 3.6%, with all of its 30 members in the red.
The S&P 500 Index fell 0.5%, with chips stocks Nvidia Corp., Broadcom Inc. and Micron Technology Inc. among top decliners on a points basis. The tech-heavy Nasdaq 100 Index fell 1%.
Stock Market News Live Updates: Recap
India's benchmark equity indices ended lower on Tuesday, after seesawing between gains and losses, as investor sentiment turned cautious on higher oil prices and Middle East tensions. Banks fared the worst during the session. The Nifty 50 settled 97 points or 0.4% lower at 23,995.70. The BSE Sensex shed 416.72 points or 0.5% to close at 76,886.91.
Sector-wise, the market remained weak with selling pressure led by PSU Banks, Banking, Private Banks, and Auto counters, reflecting caution in financial and rate-sensitive stocks. Financial Services, IT, Realty, and FMCG also traded lower, adding to the broader weakness. However, selective buying was visible in Oil & Gas, Metals, Chemicals, and Media, which provided some support to the market. Overall sentiment stayed subdued, with weakness largely concentrated in banking and auto sectors.
Stock Market News Live Updates: GIFT Nifty Check
The GIFT Nifty traded near 24,080 level, signalling a potential higher open for the Nifty 50 that closed 0.4% lower at 23,995.70 in the previous session.