GIFT Nifty Opening Update
GIFT Nifty opened today at 24,075.50. It is up 7.00 points (0.03%) from yesterday’s close of 24,100.00— so the trend is positive.
The Indian stock market experienced a downturn on Tuesday, April 28, following a short-lived rally. This decline was influenced by persistent tensions in the Middle East, which sustained high crude oil prices, while banking stocks faced pressure in light of the Reserve Bank of India’s final credit-loss guidelines. The Nifty 50 concluded the trading session down by 0.40% at 23,995, whereas the S&P BSE Sensex decreased by 0.54%, finishing at 76,886, in comparison to its prior close on Monday. However, the market is poised to extend its downward trajectory as indications from the Gift Nifty index pointed towards a negative opening on Wednesday. Gift Nifty was positioned around the 24,081 level, reflecting a decline of more than 18.50 points from the prior closing of Nifty futures.
“Indian equity markets are set to open on a cautious and potentially volatile note, as elevated crude prices and persistent geopolitical tensions continue to weigh on sentiment. Brent crude remains firm in the $110–113 per barrel range, reflecting ongoing disruptions to supply and reinforcing inflation concerns,” said Ponmudi R. With the market indicating a negative opening, certain stocks are expected to attract attention on Wednesday based on their individual positive or negative catalysts. In light of current market conditions, here are the top 10 stocks that will capture attention on Wednesday, April 29 –
Equities to Monitor:
- Bajaj Finance, Adani Power, Indian Bank, Waaree Energies, Federal Bank shares are set to attract attention as these companies announce their Q4 results for 2026 today.
- Eternal, the operator of the food delivery platform Zomato and the quick commerce service. Blinkit reported a remarkable 346% year-on-year increase in consolidated net profit, reaching Rs 174 crore in the fourth quarter.
- Maruti Suzuki India reported a 6.5% decline in consolidated net profit year-on-year, amounting to Rs 3,659 crore for the March quarter. This occurred alongside a substantial 28.2% rise in revenue from operations, reaching Rs 52,462.5 crore. The nation’s leading automobile manufacturer has announced a final dividend of Rs 140 per share for FY26.
- Garden Reach Shipbuilders & Engineers reported a net profit of Rs 303 crore for the quarter ending March 31, 2026, an increase from Rs 244 crore during the corresponding period last year, reflecting a growth of 24%.
- Bandhan Bank demonstrated a robust rebound in its earnings for the March quarter, with net profit soaring 68% year-over-year to Rs 530 crore, propelled by lower provisioning and enhanced asset quality.
- Go Digit General Insurance achieved a consistent performance in Q4, with gross written premium rising 6.18% year-on-year to Rs 2,735.7 crore, an increase from Rs 2,576.4 crore.
- Bharat Heavy Electricals has disclosed that it has established a Licensing Agreement for Transfer of Technology (LAToT) with the Naval Science & Technological Laboratory (NSTL) located in Visakhapatnam, which is a facility under the DRDO, aimed at gas turbine applications in naval systems.
- REC reported a lackluster performance in Q4, with net profit declining 20.6% year-on-year to Rs 3,362.3 crore from Rs 4,236.2 crore. Net interest income (NII) experienced a decline of 16%, totaling Rs 5,170 crore, compared to Rs 6,165 crore during the same period last year.
- AWL Agri Business, previously recognized as Adani Wilmar, announced a profit for the fourth quarter that exceeded expectations on Tuesday, bolstered by significant growth in its edible oils segment. The FMCG company reported a consolidated net profit of Rs 292 crore (approximately $30.89 million) for the quarter ending March 2026.
- Orient Cement exhibited a varied performance in Q4, with net profit rising 31.7% year-on-year to Rs 55.4 crore, an increase from Rs 42.1 crore.