Markets

LPG under-recoveries at Indian oil marketing companies could reach Rs 80,000 crore by FY2027, driven by West Asia supply disruptions and elevated global prices, per ICRA. The fertiliser, chemical, and gas sectors face added margin pressure from the same cost cycle. How much subsidy the government commits will determine

Brent crude futures hit $115 a barrel after eight straight sessions of gains, the highest level since June 2022. Mounting fears over supply through the Strait of Hormuz are driving the rally, with major oil-importing economies like India facing rising fuel cost pressure.

The Nifty 50 rose 1.4% to cross 24,300 and the Sensex gained over 1,000 points to near 78,000. Reliance Industries and ITC led the advance, signaling broad large-cap buying. Traders are watching whether Nifty holds 24,300 at close to confirm a sustained recovery.

Over 50 companies report Q4FY26 earnings on April 29, including Adani Power, Bajaj Finance, Vedanta, and Waaree Energies. Results cover January, March performance and will reveal revenue, profit, and management guidance across power, lending, and metals sectors.

Brent crude held above $110 per barrel through an eighth straight session of gains, while MCX crude oil fell 0.60% to ₹9,426 per barrel on April 29. The divergence between global and domestic pricing signals currency and exchange-rate effects at play. Analysts weigh in on where prices go from here.

Crude oil futures fell Wednesday after the UAE announced plans to exit OPEC, unsettling supply expectations. Brent dropped 0.36% to $104.02 and WTI fell 0.61% to $99.32. Markets are now watching whether the UAE's exit weakens OPEC's grip on global output coordination.

Over a dozen major Indian companies report Q4 FY26 earnings on April 29, including Bajaj Finance, Adani Power, Vedanta, Maruti Suzuki, and Federal Bank. The results span financials, energy, metals, and consumer sectors, giving markets a wide view of corporate performance for the March quarter.

Japan's Nikkei 225 index crossed 60,000 points for the first time and closed at a record high. The milestone extends a rally that only recently broke through the index's previous 1989 peak after a 34-year gap.

JP Morgan downgraded Indian equities to 'Neutral' from 'Overweight', shifting its Asia allocation toward technology stocks riding the AI investment wave. The move could prompt institutional investors who track JP Morgan's calls to reduce India exposure. Persistent inflation and slower growth risks were cited as key

The RBI has cancelled Paytm Payments Bank's banking licence, triggering its shutdown. Paytm says it does not expect a material business impact due to its prior separation from the payments bank. Bernstein retained a positive view on the stock but flagged concerns about the regulatory tone from the RBI.

Sensex fell roughly 100 points and Nifty slipped below 24,100 on Tuesday as fading peace hopes around the Iran-US conflict and rising oil prices dented sentiment. Higher crude directly pressures India through import costs and inflation. Smallcap and midcap indices bucked the trend and posted gains.

MCX crude oil futures rose 1% to ₹9,201 per barrel on Tuesday, extending a seven-session rally as Brent crude neared $110. Stalled US-Iran nuclear talks are keeping Iranian supply off the market, sustaining upward price pressure. A diplomatic breakthrough or breakdown could sharply move prices in either direction.

JPMorgan and HSBC have downgraded Indian market ratings, cutting Nifty targets over rising inflation and rupee weakness tied to high crude prices and geopolitical risk. India's heavy oil import dependence makes it especially exposed to this macro squeeze. Further downgrades may follow if inflation and currency pressure

Over a dozen major Indian companies, including Maruti Suzuki, REC, Dalmia Bharat, and Star Health, report Q4 FY2026 earnings on April 28. The results span autos, cement, energy, banking, and insurance, offering a wide sector health check. Markets will watch Maruti and REC closely for early directional cues.

Razorpay is set to confidentially file IPO papers in the coming weeks, targeting $600, 700 million at a $5, 6 billion valuation. That is a significant cut from its peak of $7.5 billion, reflecting broader startup valuation corrections. The issue will include a mix of fresh shares and secondary sales.

India's government is revisiting its IDBI Bank stake sale after weak investor interest and market volatility slowed progress. A core group of secretaries is reviewing valuations and timelines, with Finance Minister Nirmala Sitharaman confirming the sale will proceed. A revised deal structure or timeline is expected to

Japan's Nikkei 225 crossed 60,000 and was on course for a record closing high. The move signals sustained foreign buying and improving corporate earnings, driven partly by a weak yen and governance reforms. A confirmed close above this level would mark a historic turning point for Japanese equities.

S&P 500, Nasdaq, and Dow futures dropped as markets tracked the threat of a Strait of Hormuz closure alongside incoming Magnificent 7 earnings. A Hormuz shutdown would spike oil prices globally, while tech results will test whether mega-cap valuations hold. Both risks landing in the same week raises the stakes for

Seven of India's top-10 most-valued firms shed a combined Rs 2 lakh crore in market cap last week. TCS and Reliance Industries were the hardest hit, dragged down by a broad bearish trend in equities. Their heavy index weight means the losses rippled across benchmark indices.

SEBI chairman Tuhin Kanta Pandey has outlined a plan to simplify regulations and use technology more heavily to oversee India's growing markets. He flagged rising retail investor participation and global risks as key pressures on the current framework. The move could cut compliance costs for market participants while