Several major Indian companies reported quarterly earnings on April 29, 2026, with most posting profit growth. Adani Power, Vedanta, Indian Overseas Bank (IOB), Federal Bank, Indian Bank, Granules India, Bajaj Finance, and Bansal Wire all recorded higher profits compared to the year-ago period. NDTV bucked the trend, reporting a wider net loss for the quarter. The results span a wide range of sectors, power, metals, banking, pharmaceuticals, consumer finance, and media, giving a broad read on corporate health heading into the new financial year. Bajaj Finance and the two public sector banks, IOB and Indian Bank, are among the more closely watched names for signals on credit demand and asset quality. NDTV's widening loss stands out as the outlier, pointing to continued pressure on its revenue or cost base, though specific figures were not detailed in the initial report. For Vedanta and Adani Power, profit growth reflects conditions in commodity and energy markets respectively. Investors will watch for management commentary on margins, loan growth, and demand outlook as full result details emerge through the day.
The Indian government has launched an OFS to sell up to 6.5% of its LIC stake, opening for non-retail investors on August 4, 2026, at a floor price of Rs 382 per share, about 11% below Monday's close. The discounted offering is likely to pressure LIC shares in the near term as supply increases sharply.
More than a dozen major Indian companies including Bharti Airtel, ONGC, Pidilite, Nykaa, DLF, and Ather Energy report April-June 2026 earnings on August 4. Results span telecom, energy, consumer goods, real estate, and EV sectors, giving markets a broad read on corporate health mid-earnings season.
Amazon shares hit a new all-time high Monday, pushing its market cap above $3 trillion following a sustained post-earnings rally. The milestone places Amazon among the very few companies globally to reach this valuation, with investor focus on AWS and advertising growth driving the move.
Sensex Gains 500 Points as Oil Falls on Iran Talks
The Sensex rose around 500 points and the Nifty crossed 24,500 on Monday after Donald Trump announced talks with Iran, pushing oil prices lower. IndiGo, ITC, FMCG, and metals led the gains as cheaper crude eased cost and inflation concerns.
