POST MARKET
Indian equity markets started off on a positive note amid positive external cues and strong earnings expectations. The buying pressure increased throughout the session, which was driven by auto, IT, and FMCG stocks, resulting in positive movements in indices. Even though there were cautious sentiments owing to higher crude prices, the market indices maintained their gains close to the day’s highs.
Nifty eventually closing at 24,177.65, up 181.95 points or 0.76%. Meanwhile, the BSE Sensex ended at 77,496.36, gaining 609.45 points or 0.79%.
Sectorally, the trend remained mixed. Auto, IT, FMCG, and realty indices rose around 1% each, while infrastructure, metal, oil & gas, and pharma sectors posted moderate gains of about 0.5%. On the other hand, PSU banks, media, and consumer durables indices declined 0.5% each, capping overall market gains.
Nifty Midcap 100 index ended marginally lower, while the Nifty Smallcap 100 index gained 0.65%.
STOCKS IN NEWS
MTAR Technologies
MTAR Tech shares settled more than 7 percent higher on Wednesday, A key driver behind the surge is MTAR’s positioning in the artificial intelligence infrastructure supply chain. This has shifted the narrative of MTAR from “industrial precision parts company” to “AI data centre power infra pick” which has led to strong re rating of the stock and can also see strong order inflows, believe investors.
Bandhan Bank
Shares of Bandhan Bank surged as much as 11.21 percent on Wednesday, April 29, after the lender reported a strong Q4 FY26 financial performance. The lender’s stock was trading at Rs 195.4 in morning trade, after ending Tuesday at Rs 178, down 2.13 percent ahead of the results announcement
Maruti Suzuki India
Maruti Suzuki shares jumped 2.89 percent after mixed Q4 results company had reported a 6.5 percent year-on-year decline in consolidated net profit to Rs 3,659 crore for Q4, even as revenue rose 28.2 percent to Rs 52,462.5 crore.
Vedanta
Stocks of Vedanta rose near 5 percent because company reported Q4 net profit jumped 89 percent to Rs 9,352 crore, while the revenue rose 29 percent to a record Rs 51,524 crore in Jan-Mar quarter. The company said the demerger is to take effect from May 1.
Source – Moneycontrol
