Markets

Market expert Sunil Subramaniam says Indian markets are nearing a bottom but volatility will persist, advising investors to buy in small, staggered amounts. The upcoming earnings season and corporate guidance will be key signals for the market's next move.

Aequs shares hit a 52-week high of ₹193.65, rising over 13% intraday and extending a 36% six-session rally, as the contract manufacturer disclosed a ₹10 crore rights-issue investment in its consumer products subsidiary.

Deccan Gold Mines shares surged 16% as its Jonnagiri Gold Project nears commercial production, becoming India's first private gold mining venture. The milestone improves earnings visibility and positions the company to contribute to domestic gold supply amid elevated global prices.

Japan's Nikkei rose Monday, staying near its recent all-time high as AI sector optimism outweighed Middle East tensions. Tech-linked buying momentum continued to dominate sentiment, keeping the index elevated despite geopolitical risk.

Bank of Maharashtra reported a 35% rise in Q4 net profit, putting its shares in focus today. Groww also posted higher revenue, while Nelco, PNB Gilts, SML Isuzu, Ugro Capital, and Indosolar are among other companies reporting results.

U.S. crude oil exports have surged to a record high as tankers gather at Gulf Coast terminals, with buyers seeking alternatives to Middle East supply disrupted by the Iran conflict. Higher export volumes boost U.S. producer revenues but could ease if the conflict stabilizes.

Analyst CA Rudramurthy BV says India's Nifty has turned bullish and targets 24,800, 25,000, driven by returning FII inflows and broad sector strength. He recommends buying every dip and flags Varun Beverages and GNFC as near-term trading opportunities.

Vedanta Limited's board has fixed May 1 as the record date for its demerger, making the corporate split officially effective from that day. Shareholders on record will receive allotments in the newly separated business entities, with the move designed to unlock value across Vedanta's diverse commodity operations.

The S&P 500 and Nasdaq 100 both closed at record highs, lifted by strong corporate earnings. The gains reflect broad investor confidence, though the rally's staying power depends on whether earnings strength continues across more sectors.

Vedanta has fixed May 1 as the record date for its planned business demerger, determining which shareholders qualify for shares in the new entities. The milestone signals the split has moved into active execution after months of planning.

Motilal Oswal has initiated coverage on T&D equipment stocks with 'Buy' ratings on CG Power, GE Vernova T&D, and Siemens Energy, citing a capex-driven surge in transformer and HVDC project demand. The call signals a sector-level thesis on India's accelerating power grid buildout.

Axis Bank, IDFC First Bank, RBL Bank, UCO Bank, and India Cements are among the companies reporting January-March quarterly results on April 25. Bank margin trends, asset quality, and India Cements' volumes will be the key metrics to watch.

Reliance Industries reported an 8.1% fall in March quarter net profit, hurt by Middle East-driven pressure on its oil and energy business. Full-year profit still rose 18.5%, with Jio Platforms and Reliance Retail both posting strong growth.

Axis Bank reported Q4FY26 PAT of Rs 7,071 crore, a marginal year-on-year decline, while net interest income rose 5% and interest income grew 4.7% to Rs 32,724 crore. The profit dip despite revenue growth signals cost or provision pressure that investors will scrutinise closely.

Axis Bank has declared a final dividend and approved raising up to Rs 55,000 crore through debt and equity. The dividend will be paid within 30 days of AGM approval, while the fundraise signals plans for significant balance sheet expansion.

Axis Bank, IDFC First Bank, RBL Bank, UCO Bank, SBFC Finance, and India Cements all released their January, March 2025 quarterly results today. The banking results are being tracked for margin trends, asset quality, and loan growth signals across private, public, and NBFC segments.

Wall Street faces a high-stakes week as major technology company earnings and a Federal Reserve rate decision land together. With US stocks already trading at elevated levels, markets have little room for disappointment on either front.

The Reserve Bank of India has formally cancelled the license of Paytm Payments Bank Ltd, sending One97 Communications shares down 8% in early trade. The cancellation ends any possibility of the payments bank resuming operations, adding regulatory risk to Paytm's ongoing business restructuring.

UltraTech Cement, Coal India, AU Small Finance Bank, ATGL, and Nippon Life AMC are among the companies reporting Q4 FY26 results on April 27. Reliance Industries, IndusInd Bank, and Hindustan Zinc are also in focus as earnings season picks up pace.

Global markets face simultaneous pressure from Iran-related geopolitical tension, central bank rate signals from the Fed and European banks, and Big Tech earnings tied to AI performance. The three factors can reinforce each other, making this week unusually volatile for equities, bonds, and oil.