Category: Corporate

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Corporate

Sensex falls 1,100+ points, Nifty dips below 23,800

Indian stock markets witnessed a sharp decline on April 30, 2026, as global concerns triggered heavy selling across sectors. The Sensex fell over 1,100 points, while the Nifty slipped below the 23,800 mark during intraday trade, reflecting weak investor sentiment.

The main pressure on the market came from rising crude oil prices, which surged to multi-year highs due to escalating geopolitical tensions in the Middle East. The conflict has raised fears of supply disruptions through key global shipping routes, pushing inflation expectations higher.

Another key factor affecting sentiment was the cautious stance of the US Federal Reserve, which signaled continued uncertainty over interest rate cuts. This added to global market volatility and reduced risk appetite in emerging markets like India.

All major sectors were under pressure, with banking, IT, energy, and metals witnessing notable declines. Heavyweight stocks such as HDFC Bank, ICICI Bank, Reliance Industries, and Tata Motors were among the biggest drags on the indices.

Foreign institutional investors also continued selling, adding further pressure on domestic markets. Broader indices like midcaps and smallcaps also ended lower, showing widespread weakness across the market.

Despite the overall decline, stock-specific action remained active. Bajaj Finance stood out as one of the few gainers, supported by strong earnings performance and steady financial outlook. Select FMCG and defensive stocks also managed to hold ground amid the volatility.

Also Read: Anant Ambani offers to relocate Colombia hippos

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Corporate

Sensex rises 600, Nifty closes at 24,200

Indian stock markets ended higher on Wednesday, recovering from the previous session’s weakness as investors returned to buying after fresh earnings updates and gains in heavyweight stocks. The BSE Sensex rose 609 points to close at 77,496, while the NSE Nifty 50 advanced 182 points to settle at 24,178.

The rebound was led by strong buying in auto, technology and consumer stocks. Market sentiment improved as investors reacted positively to quarterly results and picked quality stocks after Tuesday’s decline.

Among the top gainers were Maruti Suzuki, Reliance Industries, Tech Mahindra, ITC and Coal India. Maruti gained on positive demand expectations in the auto sector, while Reliance supported the benchmark with steady buying interest. IT shares, including Tech Mahindra, also moved higher as investors showed renewed interest in the sector.

On the losing side, InterGlobe Aviation (IndiGo), Dr Reddy’s Laboratories, NTPC, ICICI Bank and Bajaj Finserv were among the key laggards. Some stocks saw profit booking after recent gains, especially in banking and defensive sectors.

Sector-wise, auto stocks were among the strongest performers, followed by IT and FMCG counters. Broader markets were mixed, with select small-cap shares gaining while mid-cap stocks traded in a narrow range.

Rising oil prices continue to be watched closely, as they can increase India’s import costs and inflation pressures. Investors are also monitoring global central bank signals and foreign fund flows for further direction.

The rupee remained under some pressure, but the strong close in equities suggested that domestic sentiment remains resilient. Traders said investors are still using dips as buying opportunities.

Analysts said company earnings remained the main driver of market movement, with investors rewarding firms that delivered strong quarterly numbers. Domestic buying support also helped markets stay firm despite concerns over global uncertainty and high crude oil prices.

Also Read: ED attaches ₹3,034 cr Reliance Group assets

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Corporate

Eternal profit jumps 346% in Q4 to ₹174 cr

Eternal, the parent company of Zomato and Blinkit, reported a sharp rise in profit for the January-March quarter, with net profit surging 346% year-on-year to ₹174 crore. The strong earnings were supported by rapid growth in its quick commerce arm Blinkit and steady performance in food delivery.

Revenue from operations also saw a major jump, rising 196% to ₹17,292 crore during the quarter compared with the same period last year. The results underline strong demand across Eternal’s businesses as more consumers continue to rely on app-based food, grocery and convenience services.

Blinkit remained the company’s biggest growth driver. The platform, which offers quick delivery of groceries and daily essentials, has expanded aggressively as demand for instant delivery services rises in urban markets. Analysts said Blinkit’s wider network, improving efficiency and growing order volumes played an important role in boosting the group’s overall performance.

Along with Blinkit, Eternal’s food delivery business also continued to provide stable growth. Zomato remains one of India’s largest food ordering platforms and continues to benefit from higher order frequency and a broader restaurant network.

Eternal, which recently changed its corporate identity from Zomato, now operates multiple consumer-focused businesses. These include food delivery, quick commerce, restaurant supplies through Hyperpure and lifestyle services under District. The broader portfolio is helping the company diversify beyond its original food delivery model.

The company’s shares remained in focus after the earnings announcement, with investors reacting positively to the stronger numbers. Analysts believe Blinkit’s continued growth and the mature food delivery business could support future earnings momentum.

Market experts said the latest quarter reflects a more balanced business strategy, where Eternal is focusing not only on expansion but also on profitability. This has been a key concern for investors in India’s highly competitive internet commerce sector.

Also Read: Ex-Twitter CEO Parag Agrawal’s startup hits $2 bn

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Corporate

Sensex rises 900+ points, Nifty reclaims 24,200

Indian equity markets witnessed a strong upward rally on April 29, 2026, with benchmark indices extending gains on the back of better-than-expected corporate earnings and improved investor sentiment.

The BSE Sensex surged by more than 900 points during the session, while the NSE Nifty50 reclaimed levels above 24,200, reflecting broad-based buying across sectors. Market strength was largely driven by optimism around quarterly earnings, which have shown resilience in key sectors such as automobiles, banking, healthcare, and select consumer stocks.

According to market updates, around 14 of the 16 major sectoral indices traded in the green, with auto stocks leading gains, rising over 2%. Strong performances from companies like Maruti Suzuki, which rebounded sharply after recent profit concerns, helped boost overall market confidence.

However, gains were partially capped by global concerns, especially rising crude oil prices, which continue to fuel inflation fears and impact import costs. Brent crude remained elevated, keeping investors cautious about the broader macroeconomic outlook.

Foreign Institutional Investor (FII) outflows also continued to weigh on sentiment. Persistent selling by overseas investors, estimated at billions of dollars in recent months, has added pressure on both equity markets and the Indian rupee, which has recently weakened against the US dollar.

Geopolitical uncertainty, particularly related to US-Iran negotiations and tensions in the Middle East, also influenced market direction. Investors remained watchful of developments that could impact global energy supply and financial stability.

Also Read: Axis Bank drops 5% on Q4 concerns

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Corporate

Sensex falls 400 points, Nifty slips below 24,000

Indian stock markets closed lower on Tuesday as rising crude oil prices, weak banking shares and cautious global cues hurt investor sentiment after the previous session’s rally.

The BSE Sensex dropped 417 points to close at 76,887, while the Nifty 50 fell 97 points to end at 23,996, slipping below the important 24,000 mark.

Markets opened weak and remained under pressure through most of the session, with traders turning cautious amid renewed concerns over the impact of higher oil prices on inflation and economic growth.

Brent crude prices remained elevated above $110 per barrel, raising worries for India, which imports a large share of its energy needs. Higher crude prices can increase fuel costs, pressure the rupee and affect corporate margins.

Banking stocks were among the biggest drags on the indices. Investors booked profits in lenders after recent gains and remained selective ahead of more earnings announcements.

Among the top losers were Axis Bank, which declined sharply, followed by HCL Tech, ICICI Bank and Kotak Mahindra Bank. Weakness in financial and IT shares weighed heavily on benchmark indices.

On the other hand, energy and commodity stocks attracted buying interest. ONGC, Coal India, Oil India and NTPC were among the key gainers as investors bet that firmer commodity prices could support earnings in those sectors.

The broader market was relatively steady compared with benchmark indices. Several midcap and smallcap stocks ended with modest gains, showing that investors continue to buy selectively despite headline weakness.

Market analysts said the current mood remains mixed. Domestic corporate earnings have been supportive in some sectors, but global uncertainty and volatile crude prices are keeping traders on edge.

The rupee also traded weak against the US dollar, adding another layer of caution for foreign investors.

Also Read: Samsung launches EMI plans from ₹33 a day

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Corporate

OpenAI, Microsoft reset partnership terms

OpenAI and Microsoft have updated the terms of their high-profile partnership, signalling a new chapter in one of the most influential relationships in the artificial intelligence industry.

The revised agreement gives both companies greater flexibility at a time when the global AI race is accelerating and demand for computing power is rising sharply.

Microsoft will continue as a major cloud partner for OpenAI, but it will no longer be the exclusive provider of infrastructure. That means OpenAI can now work with other cloud companies when needed, helping it secure more capacity to train and run advanced AI systems.

For OpenAI, this is an important shift. Since the success of ChatGPT, the company has grown rapidly and needs huge amounts of computing resources to support users, developers and businesses around the world.

The new structure may help OpenAI expand faster while reducing dependence on a single partner.

For Microsoft, the reset allows it to maintain close ties with OpenAI while also creating more room to develop its own AI strategy.

Microsoft has already integrated OpenAI technology into products such as Copilot, Azure services and workplace software, making the partnership central to its recent AI push.

The companies have also reportedly adjusted financial arrangements and removed earlier clauses tied to future advanced AI scenarios, simplifying what had become a complex long-term relationship.

Also Read: Samsung launches EMI plans from ₹33 a day

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Corporate

UltraTech posts strong Q4, announces ₹240 dividend

UltraTech Cement ended FY26 on a strong note, reporting a 20% rise in fourth-quarter net profit to ₹2,983 crore, helped by steady demand and improved operating performance.

The company had posted a profit of around ₹2,482 crore in the same quarter last year. Revenue from operations during the January-March quarter also increased to ₹25,799 crore, reflecting higher sales and continued momentum in construction activity.

The biggest takeaway for investors was the company’s generous shareholder reward. UltraTech’s board approved a ₹240 per share dividend for FY26, subject to shareholder approval at the annual meeting.

The results suggest cement demand remained healthy across housing, infrastructure and commercial projects during the quarter. Government spending on roads and urban development, along with ongoing real estate activity, continued to support volumes.

The company also benefited from better cost management. Improved efficiencies and easing energy costs helped margins, even as freight and raw material prices remained volatile.

UltraTech remains the clear leader in India’s cement sector and recently crossed the 200 million tonnes per annum capacity mark, strengthening its position further.

Despite the strong earnings, shares traded cautiously after the announcement as investors looked ahead to future input costs and pricing competition.

Also Read: City Union Bank Q4 profit jumps 25% to ₹360 cr

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Corporate

City Union Bank Q4 profit jumps 25% to ₹360 cr

City Union Bank ended FY26 on a strong note, reporting a 25% jump in fourth-quarter net profit to ₹360 crore, helped by steady loan growth, improved income and better control over bad loans.

The private sector lender had posted a profit of around ₹288 crore in the same quarter last year. The latest numbers reflect continued stability in the bank’s core business and a gradual improvement in operating performance.

Adding to investor cheer, the bank’s board approved a 1:3 bonus share issue, which means shareholders will receive one extra share for every three shares held. It also recommended a ₹2 per share dividend, subject to shareholder approval.

In a symbolic milestone, City Union Bank also opened its 1,000th branch in Kumbakonam, Tamil Nadu, the town where the bank was founded more than a century ago. The move highlights the lender’s steady expansion strategy while staying rooted in its traditional strong markets.

For the full financial year FY26, the bank reported a net profit of ₹1,326 crore, supported by healthy growth in loans and deposits. Its total advances rose to ₹65,875 crore, while deposits climbed to ₹78,307 crore, indicating continued trust from customers and steady demand for credit.

Asset quality also improved during the year. Gross non-performing assets (GNPA) fell to 1.91%, while net NPA came down to 0.68%. Lower bad loans are a positive sign for banks, as they reduce stress on earnings and improve overall balance sheet strength.

The market reacted positively to the announcement, with City Union Bank shares gaining after the results were released. Investors appeared encouraged by the combination of profit growth, shareholder rewards and stable fundamentals.

Also Read: Rupee drops 24 paise to 94.39 against dollar

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Corporate

Sensex rebounds by 250 points, Nifty reclaims 24,050

Equity markets witnessed a volatile session on tuesday where the Sensex rebounded nearly 250 points from its day’s low, while the Nifty50 moved back above the 24,050 level, supported by selective buying in key sectors.

The trading day began on a cautious note due to mixed global cues and early profit booking. Both indices slipped in initial trade, reflecting weak sentiment across global markets. However, buying interest gradually emerged in the second half of the session, helping indices recover losses and turn positive.

Sectorally, the recovery was led by auto, pharma, and select metal stocks, which attracted strong investor interest. Maruti Suzuki was among the top gainers, supported by sustained demand outlook in the auto sector. Eternal also saw strong buying momentum, contributing to index recovery. Other supportive stocks included Sun Pharma, JSW Steel, and Reliance Industries, which helped lift market sentiment.

Despite the rebound, weakness persisted in the banking and financial space. Select private banks and financial services companies faced selling pressure throughout the session, limiting broader market upside. Stocks such as Axis Bank and Shriram Finance were among the notable laggards.

By the close, the Sensex managed to erase a large portion of its intraday losses, while the Nifty50 held comfortably above the 24,050 mark, signalling resilience at lower levels.

Also Read: Crude oil tops $107 as Hormuz tensions soar

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Corporate

Adani Green to invest ₹15,000 cr in battery storage push

Adani Green Energy Ltd has announced a major investment of around ₹15,000 crore to build large-scale battery storage systems in India, aiming to make renewable energy more reliable and available throughout the day.

The company plans to add over 10 gigawatt-hours (GWh) of battery storage capacity by FY27. This technology stores excess electricity generated from solar and wind power and releases it when demand is high or when generation drops, such as in the evening.

This move is intended to address one of the biggest challenges of renewable energy, its inconsistency. Solar and wind power depend on weather conditions, which means supply can fluctuate. Battery storage helps smooth out these variations and ensures a steady flow of electricity to the grid.

Adani Green said the new storage capacity will be developed in phases and will build on its existing pipeline, including around 1.4 GWh expected to be operational in FY26 and nearly 3 GWh of additional capacity coming online soon.

A significant part of the project will be located in Khavda, Gujarat, where the company is developing one of the world’s largest renewable energy parks. The battery systems there will work alongside large solar and wind installations to improve grid stability and supply reliability.

The company explained that the goal is to deliver “dispatchable clean energy,” meaning renewable power that can be supplied on demand, similar to conventional thermal power plants.

Adani Green currently operates about 19.3 GW of renewable energy capacity and is working toward a long-term target of 50 GW by 2030. The addition of battery storage is seen as a key step in achieving that goal.

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