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Trendlyne Marketwatch
29 Apr 2026
Market closes higher, led by gains in auto, IT and telecom stocks
By Trendlyne Analysis

 

Nifty 50 closed at 24,177.65 (182.0, 0.8%), BSE Sensex closed at 77,496.36 (609.5, 0.8%) while the broader Nifty 500 closed at 22,871 (105.4, 0.5%). Market breadth is in the red. Of the 2,743 stocks traded today, 1,268 showed gains, and 1,427 showed losses.

Indian indices closed in the green, led by gains in auto, IT and telecom stocks. The Indian volatility index, Nifty VIX, fell 3.4% and closed at 17.4 points. Granules India soared to its all-time high of Rs 730.8 as its Q4FY26 net profit jumped 32.6% YoY to Rs 201.6 crore, helped by inventory destocking. Revenue grew 23.3% to Rs 1,479.4 crore, led by growth across markets and demand for peptides and contract manufacturing.

Nifty Smallcap 100 closed in the green, while Nifty Midcap 100 closed flat. Nifty FMCG and BSE FMCG Sector were among the top index gainers today. According to Trendlyne’s Sector dashboard, Forest Materials emerged as the best-performing sector of the day, with a rise of 4.8%.

Asian indices closed mixed, while European indices are trading lower. US index futures traded higher, indicating a positive start to the trading session. Brent climbed past $110 as fears of a prolonged US-Iran conflict intensified, while the UAE’s surprise exit from OPEC and OPEC+ added to concerns of a shifting Middle East energy landscape. Analysts say the move could eventually help the UAE expand its global market share once geopolitical tensions ease.

  • Relative Strength Index (RSI) indicates that stocks like Welspun Corp, Adani Power and CESC are in the overbought zone.

  • Sterlite Technologies surges to its 52-week high of Rs 299.4 as it reports a Q4FY26 net profit of Rs 59 crore compared to a net loss of Rs 40 crore in Q4FY25, supported by lower inventory & finance costs, and an impairment reversal of Rs 31 crore. Revenue jumps 35.5% YoY to Rs 1,454 crore, helped by an improvement in the optical networking business. The company's board of directors approves raising Rs 2,000 crore by issuing equity or securities through a private placement or other modes.

  • Granules India soars to its all-time high of Rs 730.8 as its Q4FY26 net profit jumps 32.6% YoY to Rs 201.6 crore, helped by inventory destocking. Revenue grows 23.3% to Rs 1,479.4 crore, led by growth across markets and demand for peptides and contract manufacturing. It features in a screener of stocks outperforming their industries in the past week.

  • Bajel Projects surges as it secures an order worth over Rs 400 crore from an international client to construct a 500 kilovolt (kV) overhead transmission line.

  • Amit Kumar Sinha, MD & CEO of Mahindra Lifespace Developers, reiterates FY27 pre-sales guidance of Rs 4,500–5,000 crore, backed by a Rs 5,000–8,000 crore launch pipeline planned for early FY27 to drive residential and industrial leasing growth. He highlights resilient demand despite global uncertainties, with industrial leasing emerging as a key growth driver alongside upcoming launches.

  • Star Health and Allied Insurance Co soars to its 52-week high of Rs 586.3 as it reports a net profit of Rs 111.3 crore in Q4FY26 compared to Rs 51 lakh in Q4FY25, driven by lower provisions. Revenue jumps 13.8% YoY to Rs 4,651.7 crore, led by demand for health insurance. It appears in a screener of stocks with improving book value per share for the last two years.

  • Man Infraconstruction surges as it acquires a redevelopment project in South Mumbai, with an estimated sales potential of over Rs 2,000 crore over the next 4-5 years.

  • AWL Agri Business' net profit surges 53.5% YoY to Rs 292.1 crore in Q4FY26, helped by inventory rationalisation. Revenue rises 17.8% to Rs 21,464.8 crore, driven by higher sales in the edible oil and food & FMCG segments during the quarter. The company appears in a screener of stocks with an increasing trend in non-core income.

  • The Global Trade Research Institute (GTRI) warns that India’s trade ties with China are becoming increasingly one-sided, marked by rising imports and weak export recovery. The trade deficit has surged 155% over five years, from $44 billion in FY21 to $112.1 billion in FY26, highlighting heavy dependence on China for critical manufacturing inputs.

  • Piramal Pharma is falling as it reports a net loss of Rs 8.8 crore in Q4FY26 compared to a net profit of Rs 153.5 crore due to higher raw materials expenses and a Rs 175.8 crore impairment loss. Revenue remains flat at Rs 2,797.8 crore, caused by lower demand for inhalation anaesthesia. The company projects low to mid-teens revenue growth in FY27, supported by strong order inflows, growth in the consumer business segment and capacity expansion.

  • Eternal (Zomato) is rising as its Q4FY26 revenue soars 2.8x YoY to Rs 17,634 crore, driven by strong traction in the food ordering & delivery and quick commerce (QC) segments. Net profit surges 4.5x to Rs 174 crore, driven by inventory destocking. It features in a screener of stocks with increasing revenue for the past eight quarters.

  • Emcure Pharmaceuticals rises sharply as 18 lakh shares (~0.9% stake), worth Rs 289.5 crore, reportedly change hands in a block deal.

  • India’s banking sector faces a twin reset as stricter stress recognition norms and faster insolvency timelines tighten the system. According to Nomura and Ambit Capital, new RBI provisioning rules may raise upfront costs for lenders such as SBI, ICICI Bank, and HDFC Bank due to earlier recognition of bad loans. However, they note that quicker resolutions under the Insolvency and Bankruptcy Code could improve recoveries.

  • Seamec is rising as its consortium with Supreme Hydro secures an operations and maintenance (O&M) contract from Oil & Natural Gas Corp for its multi-support vehicle (MSV), Samudra Sevak.

  • Citius TransNet Investment Trust's shares debut on the bourses at a 4.6% premium to the issue price of Rs 100. The Rs 1,105 crore IPO received bids for 20.4 times the total shares on offer.

  • Solara Active Pharma Sciences receives Form 483 with four observations from the US FDA after an inspection at its Ibuprofen manufacturing facility in Puducherry.

  • JPMorgan economist Jahangir Aziz warns that US-Iran tensions could lead to a prolonged West Asia conflict, adding that the UAE’s exit from OPEC and OPEC+ may weaken output coordination and increase oil market volatility amid Strait of Hormuz disruptions. He also expects no US Federal Reserve rate cuts in 2026 due to ongoing economic uncertainty.

  • Enviro Infra Engineers rises as its subsidiary, EIE Renewables, enters an agreement to acquire a 100% stake in Suyog Urja for Rs 311 crore to strengthen its renewable energy portfolio.

  • Greenply Industries rises sharply as its net profit surges 86.4% YoY to Rs 30.7 crore in Q4FY26, helped by an exceptional gain of Rs 15.2 crore from financial adjustments. Revenue grows 19.7% to Rs 776.3 crore, driven by higher sales in the plywood and fibreboards segments during the quarter. Its Chief Executive Officer (CEO), Manoj Tulsian, tenders his resignation, effective May 1.

  • Ujjivan Small Finance Bank's board of directors schedules a meeting for May 8 to consider a proposal for a fundraise by issuing equity shares through a qualified institutional placement (QIP) or other modes.

  • DAM Capital initiates coverage on India’s defence sector with a bullish view, citing a shift from import dependence to self-reliance and exports, backed by strong policy support and high budget allocation. With the government's target of Rs 3 trillion in defence production and Rs 50,000 crore in exports by FY29, the sector offers strong visibility on scale, growth, and long-term investment potential.

  • Emmvee Photovoltaic Power is rising sharply as its Q4FY26 net profit surges 89.4% YoY to Rs 392.4 crore, led by lower finance costs and inventory destocking. Revenue jumps 62.2% to Rs 1,743.8 crore, boosted by demand for photovoltaic modules. It appears in a screener of stocks with improving cash flow from operations over the past two years.

  • Garden Reach Shipbuilders & Engineers soars over 14% as its Q4FY26 net profit jumps 24.1% YoY to Rs 303.2 crore, led by lower raw material expenses. Revenue climbs 24.7% to Rs 2,190.4 crore, supported by better execution and deliveries. It features in a screener of stocks with improving returns on capital employed (RoCE) over the past two years.

  • Ceat rises sharply as its net profit surges 145.1% YoY to Rs 243.8 crore in Q4FY26, beating Forecaster estimates by 19.6%. Revenue grows 23.3% to Rs 4,218.9 crore, driven by broad-based growth across segments, including international business during the quarter. It features in a screener of stocks with increasing revenue every quarter for the past four quarters.

  • Bandhan Bank is rising sharply as its Q4FY26 net profit soars 68% YoY to Rs 534.1 crore, supported by lower interest expenses and provisions. Revenue grows 1.1% to Rs 6,199.1 crore, driven by improvements in the treasury operations, retail and corporate banking segments. The bank's asset quality improves as its gross and net NPAs decline by 144 bps and 31 bps, respectively.

  • Nifty 50 was trading at 24,085.25 (89.6, 0.4%), BSE Sensex was trading at 77,245.83 (358.9, 0.5%), while the broader Nifty 500 was trading at 22,867.75 (102.2, 0.5%).

  • Market breadth is ticking up strongly. Of the 2,157 stocks traded today, 1,645 were on the uptrend, and 432 went down.

Riding High:

Largecap and midcap gainers today include Vedanta Ltd. (773.60, 4.6%), ITC Ltd. (316.25, 3.9%) and Tech Mahindra Ltd. (1,459.80, 3.7%).

Downers:

Largecap and midcap losers today include NTPC Green Energy Ltd. (110.53, -4.6%), JSW Infrastructure Ltd. (273.14, -4.1%) and JSW Energy Ltd. (560.40, -3.5%).

Movers and Shakers

19 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Sapphire Foods India Ltd. (207.42, 19%), Devyani International Ltd. (127.59, 13.8%) and Bandhan Bank Ltd. (198.30, 11%).

Top high volume losers on BSE were Federal Bank Ltd. (284.75, -2.0%) and Granules India Ltd. (704.55, -0.1%).

Star Health and Allied Insurance Company Ltd. (533.25, 3.1%) was trading at 23.7 times of weekly average. Ceat Ltd. (3,625.10, 3.1%) and Swan Corp Ltd. (344, 2.0%) were trading with volumes 21.6 and 10.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

34 stocks made 52 week highs, while 1 stock tanked below their 52 week lows.

Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (1,661.10, 1.4%), Adani Power Ltd. (219.28, -1.8%) and Bharat Forge Ltd. (1,906.90, 0.6%).

Stock making new 52 weeks lows included - HCL Technologies Ltd. (1,200.20, 0.4%).

11 stocks climbed above their 200 day SMA including Ceat Ltd. (3,625.10, 3.1%) and Deepak Nitrite Ltd. (1,724.10, 2.5%). 8 stocks slipped below their 200 SMA including JSW Infrastructure Ltd. (273.14, -4.1%) and Tanla Platforms Ltd. (539.95, -3.5%).

 
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