TLDR
Market Recap: April 29, 2026
On April 29, Indian equities rebounded on April 29 as earnings-led stock moves outweighed Brent crude near $115 and persistent foreign selling. Sensex closed at 77,496.36, up 609.45 points or 0.79%, while Nifty 50 ended at 24,177.65, up 181.95 points or 0.76%. Small caps gained 0.7%, midcaps were largely flat, auto led sectorally, while FIIs sold ₹2,468.42 crore and DIIs bought ₹2,262.17 crore.
Key Drivers :
Earnings cushioned crude: Strong Q4 prints offset Brent’s inflation pressure.
Auto-led recovery: Maruti’s rebound helped lift broader auto sentiment.
Foreign selling persisted: FIIs sold again, but DIIs absorbed most pressure.
Today’s Top Stories:
Vedanta jumps as Q4 profit nearly doubles: Higher metal prices powered Vedanta’s earnings before its May demerger trigger.
Bajaj Finance posts 22% profit rise on loan growth: Bajaj Finance delivered steady growth as provisions eased and loans expanded.
Adani Power profit jumps on one-time tax gain: Adani Power’s profit rose sharply, but tax gains drove the headline beat.
Granules India profit rises on strong drug demand: Granules benefited from resilient demand across key therapies and portfolio additions.
Navin Fluorine profit more than doubles in Q4: Navin Fluorine’s margin expansion made chemicals one of today’s sharper earnings stories.
Market Snapshot
CNBC
Nifty 50 Index Heatmap
Trading View
Top Gainers & Losers
Trading View
TOP STORIES
1. Vedanta jumps as Q4 profit nearly doubles
Gemini-2.5
Profit surge: Net profit rose 92.3% on stronger base metal prices.
Revenue boost: Quarterly revenue climbed 29.5% to ₹51,524 crore.
Demerger trigger: Restructuring into four listed entities begins May 1.
2. Bajaj Finance posts 22% profit rise on loan growth
Gemini-2.5
Profit growth: Net profit rose 22% to ₹5,465 crore.
Asset quality: Lower bad-loan provisions supported bottom-line expansion.
Dividend payout: The board recommended a ₹6 per share dividend for FY26.
3. Adani Power profit jumps on one-time tax gain
Gemini-2.5
Profit jump: Q4 profit rose 52.3% to ₹4,017 crore.
Tax benefit: One-time tax gain drove much of the increase.
Market reaction: Shares slipped despite headline profit growth.
4. Granules India profit rises on strong drug demand
Gemini-2.5
Profit growth: Consolidated profit rose 32.6% to ₹202 crore.
Demand driver: Paracetamol and methocarbamol demand lifted key markets.
Portfolio support: Recent product additions strengthened quarterly performance.
5. Navin Fluorine's profit more than doubles in Q4
Gemini-2.5
Profit surge: Net profit jumped 124% to ₹213 crore.
Revenue growth: Revenue rose 33.8% to ₹938 crore.
Margin expansion: EBITDA margin improved sharply to 34.3%.
GYAANI HOT TAKES
Disclaimer:
The IndiaStox Research Hackathon is intended for educational and community engagement purposes only. Submissions do not constitute investment advice, nor should they be construed as recommendations to buy or sell any securities.
By participating in the IndiaStox Research Hackathon and submitting content, you grant IndiaStox a worldwide, royalty-free, perpetual, and irrevocable license to use, reproduce, modify, publish, distribute, and display your submission, whether in whole or in part, across its digital platforms and in promotional materials. This license extends to both commercial and non-commercial purposes, including content seeding, editorial use, and advertising.
By submitting your work, you confirm that it is your original creation and that you have the right to grant the above license.
