Dalal Street Market Wrap \u2014 29 April 2026<\/title>\n<link rel=\"preconnect\" href=\"https:\/\/fonts.googleapis.com\">\n<link href=\"https:\/\/fonts.googleapis.com\/css2?family=Playfair+Display:ital,wght@0,700;1,400&family=Source+Sans+3:wght@400;500;600&family=Lora:ital,wght@0,400;0,500;1,400&display=swap\" rel=\"stylesheet\">\n<style>\n *, *::before, *::after { box-sizing: border-box; margin: 0; padding: 0; }<\/p>\n<p> :root {\n --ink: #1a1a18;\n --ink-2: #444441;\n --ink-3: #888780;\n --rule: #d3d1c7;\n --bg: #faf9f5;\n --bg-2: #f1efe8;\n --bg-3: #ffffff;\n --green: #0f6e56;\n --green-bg: #e1f5ee;\n --red: #993c1d;\n --red-bg: #faece7;\n --blue: #185fa5;\n --blue-bg: #e6f1fb;\n --blue-accent: #378ADD;\n --amber: #854f0b;\n --amber-bg: #faeeda;\n }<\/p>\n<p> html { font-size: 16px; }<\/p>\n<p> body {\n background: var(--bg);\n color: var(--ink);\n font-family: 'Lora', Georgia, serif;\n line-height: 1.75;\n min-height: 100vh;\n }<\/p>\n<p> \/* \u2500\u2500 Layout \u2500\u2500 *\/\n .page {\n max-width: 820px;\n margin: 0 auto;\n padding: 0 1.5rem;\n }<\/p>\n<p> \/* \u2500\u2500 Masthead \u2500\u2500 *\/\n .masthead {\n border-bottom: 2px solid var(--ink);\n padding: 1.5rem 0 .75rem;\n display: flex;\n justify-content: space-between;\n align-items: flex-end;\n flex-wrap: wrap;\n gap: .5rem;\n }\n .pub-name {\n font-family: 'Playfair Display', serif;\n font-size: 13px;\n font-weight: 700;\n letter-spacing: .18em;\n text-transform: uppercase;\n color: var(--ink);\n }\n .pub-date {\n font-family: 'Source Sans 3', sans-serif;\n font-size: 12px;\n color: var(--ink-3);\n letter-spacing: .04em;\n }<\/p>\n<p> \/* \u2500\u2500 Hero \u2500\u2500 *\/\n .hero {\n padding: 2.25rem 0 1.75rem;\n border-bottom: 0.5px solid var(--rule);\n }\n .kicker {\n font-family: 'Source Sans 3', sans-serif;\n font-size: 10.5px;\n font-weight: 600;\n letter-spacing: .12em;\n text-transform: uppercase;\n color: var(--blue);\n margin-bottom: .6rem;\n }\n h1 {\n font-family: 'Playfair Display', serif;\n font-size: clamp(26px, 4vw, 38px);\n font-weight: 700;\n line-height: 1.18;\n color: var(--ink);\n margin-bottom: .65rem;\n max-width: 680px;\n }\n .byline {\n font-family: 'Source Sans 3', sans-serif;\n font-size: 12.5px;\n color: var(--ink-3);\n margin-bottom: 1.25rem;\n }\n .lead {\n font-size: 17px;\n line-height: 1.72;\n font-style: italic;\n color: var(--ink-2);\n max-width: 660px;\n }<\/p>\n<p> \/* \u2500\u2500 Sections \u2500\u2500 *\/\n .section { margin: 2rem 0; 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}\n .dn { color: var(--red); }<\/p>\n<p> \/* \u2500\u2500 Movers \u2500\u2500 *\/\n .movers-grid {\n display: grid;\n grid-template-columns: 1fr 1fr;\n gap: 10px;\n margin: 1rem 0;\n }\n @media (max-width: 520px) { .movers-grid { grid-template-columns: 1fr; } }\n .mv-block {\n background: var(--bg-3);\n border: 0.5px solid var(--rule);\n border-radius: 10px;\n overflow: hidden;\n }\n .mv-head {\n font-family: 'Source Sans 3', sans-serif;\n font-size: 10.5px;\n font-weight: 600;\n text-transform: uppercase;\n letter-spacing: .08em;\n padding: .5rem .9rem;\n background: var(--bg-2);\n color: var(--ink-3);\n border-bottom: 0.5px solid var(--rule);\n }\n .mv-row {\n display: flex;\n justify-content: space-between;\n align-items: center;\n padding: .44rem .9rem;\n border-bottom: 0.5px solid var(--rule);\n font-family: 'Source Sans 3', sans-serif;\n font-size: 13.5px;\n }\n .mv-row:last-child { border-bottom: none; }\n .ticker { font-weight: 500; color: var(--ink); }\n .pill {\n font-size: 11.5px;\n font-weight: 600;\n padding: 2px 8px;\n border-radius: 4px;\n font-family: 'Source Sans 3', sans-serif;\n }\n .pill-g { background: var(--green-bg); color: var(--green); }\n .pill-r { background: var(--red-bg); color: var(--red); }<\/p>\n<p> \/* \u2500\u2500 Pull quote \u2500\u2500 *\/\n .pullquote {\n border-left: 3px solid var(--blue-accent);\n background: var(--blue-bg);\n border-radius: 0 8px 8px 0;\n padding: .9rem 1.15rem;\n margin: 1.5rem 0;\n }\n .pullquote p {\n font-style: italic;\n font-size: 15px;\n line-height: 1.72;\n color: var(--ink);\n margin: 0;\n }<\/p>\n<p> \/* \u2500\u2500 Results grid \u2500\u2500 *\/\n .results-grid {\n display: grid;\n grid-template-columns: repeat(auto-fit, minmax(200px, 1fr));\n gap: 9px;\n margin: 1rem 0 1.25rem;\n }\n .rc {\n background: var(--bg-3);\n border: 0.5px solid var(--rule);\n border-radius: 8px;\n padding: .75rem .9rem;\n }\n .rc-name {\n font-family: 'Source Sans 3', sans-serif;\n font-size: 13px;\n font-weight: 600;\n color: var(--ink);\n margin-bottom: .4rem;\n }\n .rc-line {\n font-family: 'Source Sans 3', sans-serif;\n font-size: 12px;\n color: var(--ink-3);\n margin: .15rem 0;\n line-height: 1.5;\n }\n .rc-line b { color: var(--green); font-weight: 600; }\n .rc-line.neutral b { color: var(--ink-2); }<\/p>\n<p> \/* \u2500\u2500 FII\/DII \u2500\u2500 *\/\n .fii-row {\n display: grid;\n grid-template-columns: 1fr 1fr;\n gap: 9px;\n margin: 1rem 0 1.25rem;\n }\n @media (max-width: 480px) { .fii-row { grid-template-columns: 1fr; } }\n .fii-card { border-radius: 8px; padding: .85rem 1rem; }\n .fii-sell { background: var(--red-bg); }\n .fii-buy { background: var(--green-bg); }\n .fii-lbl {\n font-family: 'Source Sans 3', sans-serif;\n font-size: 10px;\n font-weight: 600;\n text-transform: uppercase;\n letter-spacing: .08em;\n margin-bottom: .3rem;\n }\n .fii-sell .fii-lbl { color: var(--red); }\n .fii-buy .fii-lbl { color: var(--green); }\n .fii-val {\n font-family: 'Source Sans 3', sans-serif;\n font-size: 17px;\n font-weight: 600;\n }\n .fii-sell .fii-val { color: var(--red); }\n .fii-buy .fii-val { color: var(--green); }\n .fii-desc {\n font-family: 'Source Sans 3', sans-serif;\n font-size: 11.5px;\n margin-top: .3rem;\n line-height: 1.5;\n }\n .fii-sell .fii-desc { color: var(--red); }\n .fii-buy .fii-desc { color: var(--green); }<\/p>\n<p> \/* \u2500\u2500 Outlook box \u2500\u2500 *\/\n .outlook {\n background: var(--bg-2);\n border-radius: 12px;\n padding: 1.25rem 1.4rem;\n margin: 1.5rem 0;\n border: 0.5px solid var(--rule);\n }\n .outlook h3 {\n border-bottom: 0.5px solid var(--rule);\n padding-bottom: .5rem;\n margin-bottom: .85rem;\n font-size: 17px;\n }\n .ol-row {\n display: flex;\n gap: .65rem;\n align-items: flex-start;\n margin: .5rem 0;\n font-family: 'Source Sans 3', sans-serif;\n font-size: 13.5px;\n line-height: 1.55;\n color: var(--ink);\n }\n .dot {\n width: 7px; height: 7px;\n border-radius: 50%;\n flex-shrink: 0;\n margin-top: .33rem;\n }\n .dot-g { background: var(--green); }\n .dot-r { background: var(--red); }\n .dot-n { background: var(--ink-3); }<\/p>\n<p> \/* \u2500\u2500 Data table \u2500\u2500 *\/\n .data-note {\n font-family: 'Source Sans 3', sans-serif;\n font-size: 12px;\n color: var(--ink-3);\n background: var(--bg-2);\n border-radius: 6px;\n padding: .5rem .85rem;\n margin: .75rem 0 1rem;\n }<\/p>\n<p> \/* \u2500\u2500 Divider rule \u2500\u2500 *\/\n .section-rule {\n display: flex;\n align-items: center;\n gap: .75rem;\n margin: 2rem 0 1.5rem;\n }\n .section-rule::before,\n .section-rule::after {\n content: '';\n flex: 1;\n height: 0.5px;\n background: var(--rule);\n }\n .section-rule span {\n font-family: 'Source Sans 3', sans-serif;\n font-size: 10px;\n letter-spacing: .12em;\n text-transform: uppercase;\n color: var(--ink-3);\n white-space: nowrap;\n }<\/p>\n<p> \/* \u2500\u2500 Footer \u2500\u2500 *\/\n footer {\n border-top: 1.5px solid var(--ink);\n padding: 1rem 0 2.5rem;\n margin-top: 2rem;\n font-family: 'Source Sans 3', sans-serif;\n font-size: 11.5px;\n color: var(--ink-3);\n line-height: 1.65;\n }\n<\/style>\n<p><\/head><br \/>\n<body><\/p>\n<div class=\"page\">\n<p> <\/p>\n<header class=\"masthead\">\n<div class=\"pub-name\">Dalal Street Daily<\/div>\n<div class=\"pub-date\">Wednesday, 29 April 2026 \u00b7 End-of-Day Edition<\/div>\n<\/header>\n<p> <\/p>\n<div class=\"hero\">\n<div class=\"kicker\">Indian Markets \u00b7 BSE \/ NSE Market Wrap<\/div>\n<h1>Dalal Street Roars Back: Sensex Surges ~1,000 Points as Bulls Retake Control<\/h1>\n<div class=\"byline\">Market close data \u00b7 29 April 2026 \u00b7 All figures in Indian Rupees unless noted<\/div>\n<p class=\"lead\">Indian equities staged a powerful recovery on Wednesday, erasing Tuesday’s losses in emphatic fashion. A cocktail of strong quarterly earnings, bargain-hunting in IT, and renewed buying in defence and banking stocks drove the Sensex up nearly a thousand points intraday, with broad market participation confirming the rebound’s credibility.<\/p>\n<\/p><\/div>\n<p> <\/p>\n<div class=\"section\">\n<h2>Indices at a Glance<\/h2>\n<div class=\"indices-grid\">\n<div class=\"idx-card\">\n<div class=\"idx-name\">BSE Sensex<\/div>\n<div class=\"idx-val\">77,496<\/div>\n<div class=\"idx-chg up\">\u25b2 +609 pts (+0.79%)<\/div>\n<\/p><\/div>\n<div class=\"idx-card\">\n<div class=\"idx-name\">Nifty 50<\/div>\n<div class=\"idx-val\">24,234<\/div>\n<div class=\"idx-chg up\">\u25b2 +238 pts (+0.99%)<\/div>\n<\/p><\/div>\n<div class=\"idx-card\">\n<div class=\"idx-name\">Nifty Bank<\/div>\n<div class=\"idx-val\">~56,300<\/div>\n<div class=\"idx-chg up\">\u25b2 Recovery<\/div>\n<\/p><\/div>\n<div class=\"idx-card\">\n<div class=\"idx-name\">Nifty IT<\/div>\n<div class=\"idx-val\">29,434<\/div>\n<div class=\"idx-chg up\">\u25b2 +1.64%<\/div>\n<\/p><\/div>\n<div class=\"idx-card\">\n<div class=\"idx-name\">Nifty Midcap 100<\/div>\n<div class=\"idx-val\">\u2014<\/div>\n<div class=\"idx-chg up\">\u25b2 +0.85%<\/div>\n<\/p><\/div>\n<div class=\"idx-card\">\n<div class=\"idx-name\">Nifty Smallcap 100<\/div>\n<div class=\"idx-val\">\u2014<\/div>\n<div class=\"idx-chg up\">\u25b2 +1.20%<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"data-note\">52-week range (Nifty 50): \u20b922,182 (low) \u2014 \u20b926,373 (high) \u00b7 Nifty intraday: Open 24,097 \u00b7 High 24,237 \u00b7 Low 24,060<\/div>\n<p>The Nifty 50 opened at 24,097, touched an intraday high of 24,237 and a low of 24,060. Forty of the fifty index constituents ended in the green, with market breadth firmly in favour of buyers. The Sensex’s intraday peak of 77,879 marked a 992-point swing from Tuesday’s close, before a mild late-session pullback. Small- and mid-cap indices outpaced the large-cap benchmarks, with the Nifty Smallcap 100 rising 1.20% and the Nifty Midcap 100 up 0.85%.<\/p>\n<\/p><\/div>\n<div class=\"section-rule\"><span>Top Movers<\/span><\/div>\n<p> <\/p>\n<div class=\"section\">\n<h2>Top Gainers & Losers<\/h2>\n<div class=\"movers-grid\">\n<div class=\"mv-block\">\n<div class=\"mv-head\">Top Gainers<\/div>\n<div class=\"mv-row\"><span class=\"ticker\">Garden Reach (GRSE)<\/span><span class=\"pill pill-g\">+14.4%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">Bandhan Bank<\/span><span class=\"pill pill-g\">+10.0%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">Emmvee Solar<\/span><span class=\"pill pill-g\">+8.3%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">Mazagon Dock<\/span><span class=\"pill pill-g\">+4.3%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">ITC Ltd<\/span><span class=\"pill pill-g\">+3.79%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">Tech Mahindra<\/span><span class=\"pill pill-g\">+3.31%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">IndusInd Bank<\/span><span class=\"pill pill-g\">+3.10%<\/span><\/div>\n<\/p><\/div>\n<div class=\"mv-block\">\n<div class=\"mv-head\">Top Losers<\/div>\n<div class=\"mv-row\"><span class=\"ticker\">JSW Steel<\/span><span class=\"pill pill-r\">\u22121.8%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">Jindal Steel<\/span><span class=\"pill pill-r\">\u22121.8%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">NTPC<\/span><span class=\"pill pill-r\">\u22121.66%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">National Aluminium<\/span><span class=\"pill pill-r\">\u22121.6%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">Hindalco<\/span><span class=\"pill pill-r\">\u22121.5%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">ICICI Bank<\/span><span class=\"pill pill-r\">\u22120.97%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">Bajaj Finserv<\/span><span class=\"pill pill-r\">\u22120.96%<\/span><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"section-rule\"><span>Market Narrative<\/span><\/div>\n<p> <\/p>\n<div class=\"section\">\n<h2>What Drove the Rally<\/h2>\n<p>Tuesday’s session had left markets nursing wounds \u2014 the Nifty slipped below 24,000 for the first time in days, the Bank Nifty crashed 864 points to 55,400, and FII selling continued unabated. Wednesday’s turnaround was therefore all the more striking.<\/p>\n<p>Earnings were the central catalyst. Garden Reach Shipbuilders delivered a blowout quarter \u2014 net profit up 24% year-on-year to \u20b9303 crore, revenue up 29% to \u20b92,119 crore, and EBITDA rising 27% \u2014 capped by a dividend announcement of \u20b96.7 per share. The stock’s 14.4% surge dragged Mazagon Dock along for the ride, cementing the defence shipbuilding theme as one of the most compelling stories on Dalal Street this earnings season.<\/p>\n<div class=\"pullquote\">\n<p>Bandhan Bank’s 68% year-on-year profit jump to \u20b9534 crore, combined with NIM expansion to 6.2% and management guiding for a further 10\u201320 basis point improvement over the next two to three quarters, triggered a wave of broker upgrades from MOFSL, JM Financial, and Nuvama \u2014 sending the stock up 10% on the day.<\/p>\n<\/p><\/div>\n<p>The IT pack staged a meaningful recovery after weeks of correction. With the Nifty IT index sitting nearly 27% below its peak, bottom-fishing was the dominant theme. Tech Mahindra led the charge with a 3.31% gain, followed by Infosys, Mphasis, and TCS. L&T was the sole holdout, dipping 0.33%. A broader value argument \u2014 long track records, high dividend yields, and valuations at rock-bottom levels \u2014 is beginning to attract contrarian buying.<\/p>\n<p>ITC’s 3.79% advance and solid contributions from Reliance Industries, Bharti Airtel, and Mahindra & Mahindra gave the index its heft. The auto sector also played a supporting role, with IndusInd Bank and several mid-cap auto plays adding momentum.<\/p>\n<p>The sole sour note was the metals and non-energy minerals pack. JSW Steel, Jindal Steel, Hindalco, and National Aluminium all lost 1.5\u20131.8%, dragged by weak global metal pricing and concerns around industrial demand. NTPC’s 1.66% decline was the other notable laggard in the large-cap space.<\/p>\n<\/p><\/div>\n<div class=\"section-rule\"><span>Q4 Earnings<\/span><\/div>\n<p> <\/p>\n<div class=\"section\">\n<h2>Earnings Spotlight \u2014 Q4 FY26 Results<\/h2>\n<div class=\"results-grid\">\n<div class=\"rc\">\n<div class=\"rc-name\">Garden Reach (GRSE)<\/div>\n<div class=\"rc-line\">PAT: \u20b9303 Cr <b>\u25b2 +24% YoY<\/b><\/div>\n<div class=\"rc-line\">Revenue: \u20b92,119 Cr <b>\u25b2 +29% YoY<\/b><\/div>\n<div class=\"rc-line\">EBITDA: \u20b9426 Cr <b>\u25b2 +27% YoY<\/b><\/div>\n<div class=\"rc-line\">Dividend: \u20b96.7\/share<\/div>\n<\/p><\/div>\n<div class=\"rc\">\n<div class=\"rc-name\">Bandhan Bank<\/div>\n<div class=\"rc-line\">PAT: \u20b9534 Cr <b>\u25b2 +68% YoY<\/b><\/div>\n<div class=\"rc-line\">NII: \u20b92,796 Cr <b>\u25b2 +1.4% YoY<\/b><\/div>\n<div class=\"rc-line\">NIM: 6.2% (guided: +10\u201320 bps)<\/div>\n<\/p><\/div>\n<div class=\"rc\">\n<div class=\"rc-name\">CEAT Tyres<\/div>\n<div class=\"rc-line\">PAT: \u20b9243.85 Cr <b>\u25b2 +145% YoY<\/b><\/div>\n<div class=\"rc-line\">Revenue: \u20b94,218 Cr <b>\u25b2 +23.3% YoY<\/b><\/div>\n<div class=\"rc-line\">EBITDA margin: 14% <b>\u25b2 +52.7% YoY<\/b><\/div>\n<div class=\"rc-line\">Dividend: \u20b935\/share<\/div>\n<\/p><\/div>\n<div class=\"rc\">\n<div class=\"rc-name\">Piramal Finance<\/div>\n<div class=\"rc-line\">PAT: \u20b9502 Cr <b>\u25b2 +390% YoY<\/b><\/div>\n<div class=\"rc-line\">AUM crossed \u20b91 lakh Cr <b>\u25b2 +25% YoY<\/b><\/div>\n<div class=\"rc-line\">Stock reaction: <b>+9%<\/b><\/div>\n<\/p><\/div>\n<div class=\"rc\">\n<div class=\"rc-name\">Go Digit Insurance<\/div>\n<div class=\"rc-line\">PAT: \u20b9149.4 Cr <b>\u25b2 +29.2% YoY<\/b><\/div>\n<div class=\"rc-line\">GWP: \u20b92,735.7 Cr <b>\u25b2 +6.2% YoY<\/b><\/div>\n<div class=\"rc-line\">Op. profit: \u20b9611 Cr <b>\u25b2 +42.4% YoY<\/b><\/div>\n<\/p><\/div>\n<div class=\"rc\">\n<div class=\"rc-name\">Nippon Life India<\/div>\n<div class=\"rc-line\">PAT: \u20b9384.7 Cr <b>\u25b2 +29% YoY<\/b><\/div>\n<div class=\"rc-line\">Revenue: \u20b9738.7 Cr <b>\u25b2 +30% YoY<\/b><\/div>\n<div class=\"rc-line\">Stock reaction: <b>+3%<\/b><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Evening results from Bajaj Finance, Adani Power, Vedanta, Waaree Energies, Mphasis, and Federal Bank will be closely watched \u2014 their numbers and management commentary will likely set the tone for Thursday’s open.<\/p>\n<\/p><\/div>\n<div class=\"section-rule\"><span>Institutional Flows<\/span><\/div>\n<p> <\/p>\n<div class=\"section\">\n<h2>FII vs DII \u2014 The Institutional Tussle<\/h2>\n<p>The push-pull between foreign and domestic institutions continued to define the market’s character. Foreign institutional investors remained net sellers through the week, their appetite dampened by elevated crude oil prices, the unresolved US\u2013Iran conflict at the Strait of Hormuz, and uncertainty ahead of the US Federal Reserve’s upcoming rate decision.<\/p>\n<div class=\"fii-row\">\n<div class=\"fii-card fii-sell\">\n<div class=\"fii-lbl\">FII \/ FPI Activity<\/div>\n<div class=\"fii-val\">Net Sellers<\/div>\n<div class=\"fii-desc\">\u20b9944 Cr net sell on Apr 27 \u00b7 Geopolitics & crude keeping outflows alive \u00b7 Consistent sellers through April<\/div>\n<\/p><\/div>\n<div class=\"fii-card fii-buy\">\n<div class=\"fii-lbl\">DII Activity<\/div>\n<div class=\"fii-val\">Net Buyers<\/div>\n<div class=\"fii-desc\">\u20b93,871 Cr net buy on Apr 27 \u00b7 Mutual funds absorbing foreign selling \u00b7 Key stabilising force for markets<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>The April 27 provisional data told the story clearly \u2014 FIIs sold a net \u20b9944 crore while DIIs absorbed \u20b93,871 crore. This domestic institutional support has been the single most important stabilising force for Indian equities through this volatile stretch. Without it, the impact of FII selling would have been considerably more punishing.<\/p>\n<\/p><\/div>\n<div class=\"section-rule\"><span>Macro Context<\/span><\/div>\n<p> <\/p>\n<div class=\"section\">\n<h2>Macro Landscape<\/h2>\n<p>The broader macro picture remains one of cautious navigation through several live crosswinds. Brent crude around $112 a barrel continues to be the most uncomfortable variable for India \u2014 a net importer \u2014 widening the current account deficit and keeping inflationary pressures elevated. The US\u2013Iran conflict, with ongoing disruption at the Strait of Hormuz, shows no sign of quick resolution.<\/p>\n<p>On the currency front, USD\/INR futures were quoted near \u20b992.50, a level that adds cost pressure for import-heavy industries. The Federal Reserve’s upcoming decision on interest rates is being watched closely \u2014 any hawkish signal could strengthen the dollar and accelerate FII outflows from emerging markets.<\/p>\n<p>One potential positive: news of the UAE’s planned exit from OPEC in May introduced fresh optimism that the oil supply discipline enforced by the cartel may soften, which could eventually ease crude prices. Asian markets were mixed on the day; European indices traded flat to slightly positive.<\/p>\n<p>On the domestic side, the IMF’s recent upgrade of India’s FY27 GDP growth forecast to approximately 6.5% continues to underpin longer-term confidence in the India growth story, even as near-term volatility remains elevated.<\/p>\n<h3>Banking Sector \u2014 The ECL Cloud<\/h3>\n<p>Despite today’s recovery, the banking sector carries an additional structural uncertainty. The RBI recently finalised its Expected Credit Loss (ECL) provisioning framework, set to take effect from April 1, 2027. The framework requires banks to shift from an incurred-loss model to a forward-looking approach \u2014 setting aside provisions based on anticipated stress in loan portfolios, rather than waiting for defaults to materialise.<\/p>\n<p>This is considered a prudent long-term reform, but in the short term it is expected to raise provisioning requirements for several lenders. The Bank Nifty, which had crashed 864 points on Tuesday partly in response to this news, staged a partial recovery today \u2014 though it remains an area investors will watch carefully through the remainder of the earnings season.<\/p>\n<\/p><\/div>\n<p> <\/p>\n<div class=\"outlook\">\n<h3>Outlook for Thursday, 30 April 2026<\/h3>\n<div class=\"ol-row\"><span class=\"dot dot-g\"><\/span><span>Bajaj Finance, Vedanta & Adani Power results due \u2014 strong numbers could extend the rally into Thursday<\/span><\/div>\n<div class=\"ol-row\"><span class=\"dot dot-g\"><\/span><span>Defence & PSU theme remains powerful; GRSE and Mazagon Dock momentum may carry over<\/span><\/div>\n<div class=\"ol-row\"><span class=\"dot dot-g\"><\/span><span>IT bottom-fishing intact; Nifty IT ~27% below peak \u2014 value buyers are present at lower levels<\/span><\/div>\n<div class=\"ol-row\"><span class=\"dot dot-n\"><\/span><span>Nifty 50 key resistance at 24,500; immediate support at 23,800 \u2014 range-bound action likely<\/span><\/div>\n<div class=\"ol-row\"><span class=\"dot dot-n\"><\/span><span>RBI ECL framework will keep banking sector sentiment choppy in the near term<\/span><\/div>\n<div class=\"ol-row\"><span class=\"dot dot-r\"><\/span><span>Brent crude at ~$112\/barrel \u2014 a persistent overhang on India’s inflation and trade deficit<\/span><\/div>\n<div class=\"ol-row\"><span class=\"dot dot-r\"><\/span><span>FII selling remains a structural drag; USD\/INR near \u20b992.50 adds pressure on import-heavy sectors<\/span><\/div>\n<div class=\"ol-row\"><span class=\"dot dot-r\"><\/span><span>US Federal Reserve policy decision awaited \u2014 hawkish guidance could stoke fresh FII outflows<\/span><\/div>\n<\/p><\/div>\n<p> <\/p>\n<footer>\n <strong style=\"font-weight:600;color:#444441;\">Dalal Street Daily<\/strong> \u00b7 Data compiled from BSE, NSE, and Indian financial news sources as of market close on 29 April 2026. All index levels and percentage changes are approximate and based on available closing data. This article is for informational purposes only and does not constitute investment advice. Please consult a SEBI-registered financial advisor before making any investment decisions.<br \/>\n <\/footer>\n<\/div>\n<p><\/body><br \/>\n<\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dalal Street Market Wrap \u2014 29 April 2026 Dalal Street Daily Wednesday, 29 April 2026 \u00b7 End-of-Day Edition Indian Markets \u00b7 BSE \/ NSE Market Wrap Dalal Street Roars Back: Sensex Surges ~1,000 Points as Bulls Retake Control Market close data \u00b7 29 April 2026 \u00b7 All figures in Indian Rupees unless noted Indian equities […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2537","post","type-post","status-publish","format-standard","hentry","category-general","entry"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts\/2537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/comments?post=2537"}],"version-history":[{"count":2,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts\/2537\/revisions"}],"predecessor-version":[{"id":2539,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts\/2537\/revisions\/2539"}],"wp:attachment":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/media?parent=2537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/categories?post=2537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/tags?post=2537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

{"id":2537,"date":"2026-04-29T17:01:20","date_gmt":"2026-04-29T11:31:20","guid":{"rendered":"https:\/\/www.gujaratnow.com\/money\/?p=2537"},"modified":"2026-04-29T17:01:58","modified_gmt":"2026-04-29T11:31:58","slug":"dalal-street-roars-back-sensex-surges-1000-points-as-bulls-retake-control","status":"publish","type":"post","link":"https:\/\/www.gujaratnow.com\/money\/2026\/04\/dalal-street-roars-back-sensex-surges-1000-points-as-bulls-retake-control\/","title":{"rendered":"Dalal Street Roars Back: Sensex Surges 609 Points as Bulls Retake Control"},"content":{"rendered":"

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\nDalal Street Market Wrap \u2014 29 April 2026<\/title>\n<link rel=\"preconnect\" href=\"https:\/\/fonts.googleapis.com\">\n<link href=\"https:\/\/fonts.googleapis.com\/css2?family=Playfair+Display:ital,wght@0,700;1,400&family=Source+Sans+3:wght@400;500;600&family=Lora:ital,wght@0,400;0,500;1,400&display=swap\" rel=\"stylesheet\">\n<style>\n *, *::before, *::after { box-sizing: border-box; margin: 0; padding: 0; }<\/p>\n<p> :root {\n --ink: #1a1a18;\n --ink-2: #444441;\n --ink-3: #888780;\n --rule: #d3d1c7;\n --bg: #faf9f5;\n --bg-2: #f1efe8;\n --bg-3: #ffffff;\n --green: #0f6e56;\n --green-bg: #e1f5ee;\n --red: #993c1d;\n --red-bg: #faece7;\n --blue: #185fa5;\n --blue-bg: #e6f1fb;\n --blue-accent: #378ADD;\n --amber: #854f0b;\n --amber-bg: #faeeda;\n }<\/p>\n<p> html { font-size: 16px; }<\/p>\n<p> body {\n background: var(--bg);\n color: var(--ink);\n font-family: 'Lora', Georgia, serif;\n line-height: 1.75;\n min-height: 100vh;\n }<\/p>\n<p> \/* \u2500\u2500 Layout \u2500\u2500 *\/\n .page {\n max-width: 820px;\n margin: 0 auto;\n padding: 0 1.5rem;\n }<\/p>\n<p> \/* \u2500\u2500 Masthead \u2500\u2500 *\/\n .masthead {\n border-bottom: 2px solid var(--ink);\n padding: 1.5rem 0 .75rem;\n display: flex;\n justify-content: space-between;\n align-items: flex-end;\n flex-wrap: wrap;\n gap: .5rem;\n }\n .pub-name {\n font-family: 'Playfair Display', serif;\n font-size: 13px;\n font-weight: 700;\n letter-spacing: .18em;\n text-transform: uppercase;\n color: var(--ink);\n }\n .pub-date {\n font-family: 'Source Sans 3', sans-serif;\n font-size: 12px;\n color: var(--ink-3);\n letter-spacing: .04em;\n }<\/p>\n<p> \/* \u2500\u2500 Hero \u2500\u2500 *\/\n .hero {\n padding: 2.25rem 0 1.75rem;\n border-bottom: 0.5px solid var(--rule);\n }\n .kicker {\n font-family: 'Source Sans 3', sans-serif;\n font-size: 10.5px;\n font-weight: 600;\n letter-spacing: .12em;\n text-transform: uppercase;\n color: var(--blue);\n margin-bottom: .6rem;\n }\n h1 {\n font-family: 'Playfair Display', serif;\n font-size: clamp(26px, 4vw, 38px);\n font-weight: 700;\n line-height: 1.18;\n color: var(--ink);\n margin-bottom: .65rem;\n max-width: 680px;\n }\n .byline {\n font-family: 'Source Sans 3', sans-serif;\n font-size: 12.5px;\n color: var(--ink-3);\n margin-bottom: 1.25rem;\n }\n .lead {\n font-size: 17px;\n line-height: 1.72;\n font-style: italic;\n color: var(--ink-2);\n max-width: 660px;\n }<\/p>\n<p> \/* \u2500\u2500 Sections \u2500\u2500 *\/\n .section { margin: 2rem 0; 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}\n .fii-buy .fii-desc { color: var(--green); }<\/p>\n<p> \/* \u2500\u2500 Outlook box \u2500\u2500 *\/\n .outlook {\n background: var(--bg-2);\n border-radius: 12px;\n padding: 1.25rem 1.4rem;\n margin: 1.5rem 0;\n border: 0.5px solid var(--rule);\n }\n .outlook h3 {\n border-bottom: 0.5px solid var(--rule);\n padding-bottom: .5rem;\n margin-bottom: .85rem;\n font-size: 17px;\n }\n .ol-row {\n display: flex;\n gap: .65rem;\n align-items: flex-start;\n margin: .5rem 0;\n font-family: 'Source Sans 3', sans-serif;\n font-size: 13.5px;\n line-height: 1.55;\n color: var(--ink);\n }\n .dot {\n width: 7px; height: 7px;\n border-radius: 50%;\n flex-shrink: 0;\n margin-top: .33rem;\n }\n .dot-g { background: var(--green); }\n .dot-r { background: var(--red); }\n .dot-n { background: var(--ink-3); }<\/p>\n<p> \/* \u2500\u2500 Data table \u2500\u2500 *\/\n .data-note {\n font-family: 'Source Sans 3', sans-serif;\n font-size: 12px;\n color: var(--ink-3);\n background: var(--bg-2);\n border-radius: 6px;\n padding: .5rem .85rem;\n margin: .75rem 0 1rem;\n }<\/p>\n<p> \/* \u2500\u2500 Divider rule \u2500\u2500 *\/\n .section-rule {\n display: flex;\n align-items: center;\n gap: .75rem;\n margin: 2rem 0 1.5rem;\n }\n .section-rule::before,\n .section-rule::after {\n content: '';\n flex: 1;\n height: 0.5px;\n background: var(--rule);\n }\n .section-rule span {\n font-family: 'Source Sans 3', sans-serif;\n font-size: 10px;\n letter-spacing: .12em;\n text-transform: uppercase;\n color: var(--ink-3);\n white-space: nowrap;\n }<\/p>\n<p> \/* \u2500\u2500 Footer \u2500\u2500 *\/\n footer {\n border-top: 1.5px solid var(--ink);\n padding: 1rem 0 2.5rem;\n margin-top: 2rem;\n font-family: 'Source Sans 3', sans-serif;\n font-size: 11.5px;\n color: var(--ink-3);\n line-height: 1.65;\n }\n<\/style>\n<p><\/head><br \/>\n<body><\/p>\n<div class=\"page\">\n<p> <\/p>\n<header class=\"masthead\">\n<div class=\"pub-name\">Dalal Street Daily<\/div>\n<div class=\"pub-date\">Wednesday, 29 April 2026 \u00b7 End-of-Day Edition<\/div>\n<\/header>\n<p> <\/p>\n<div class=\"hero\">\n<div class=\"kicker\">Indian Markets \u00b7 BSE \/ NSE Market Wrap<\/div>\n<h1>Dalal Street Roars Back: Sensex Surges ~1,000 Points as Bulls Retake Control<\/h1>\n<div class=\"byline\">Market close data \u00b7 29 April 2026 \u00b7 All figures in Indian Rupees unless noted<\/div>\n<p class=\"lead\">Indian equities staged a powerful recovery on Wednesday, erasing Tuesday’s losses in emphatic fashion. A cocktail of strong quarterly earnings, bargain-hunting in IT, and renewed buying in defence and banking stocks drove the Sensex up nearly a thousand points intraday, with broad market participation confirming the rebound’s credibility.<\/p>\n<\/p><\/div>\n<p> <\/p>\n<div class=\"section\">\n<h2>Indices at a Glance<\/h2>\n<div class=\"indices-grid\">\n<div class=\"idx-card\">\n<div class=\"idx-name\">BSE Sensex<\/div>\n<div class=\"idx-val\">77,496<\/div>\n<div class=\"idx-chg up\">\u25b2 +609 pts (+0.79%)<\/div>\n<\/p><\/div>\n<div class=\"idx-card\">\n<div class=\"idx-name\">Nifty 50<\/div>\n<div class=\"idx-val\">24,234<\/div>\n<div class=\"idx-chg up\">\u25b2 +238 pts (+0.99%)<\/div>\n<\/p><\/div>\n<div class=\"idx-card\">\n<div class=\"idx-name\">Nifty Bank<\/div>\n<div class=\"idx-val\">~56,300<\/div>\n<div class=\"idx-chg up\">\u25b2 Recovery<\/div>\n<\/p><\/div>\n<div class=\"idx-card\">\n<div class=\"idx-name\">Nifty IT<\/div>\n<div class=\"idx-val\">29,434<\/div>\n<div class=\"idx-chg up\">\u25b2 +1.64%<\/div>\n<\/p><\/div>\n<div class=\"idx-card\">\n<div class=\"idx-name\">Nifty Midcap 100<\/div>\n<div class=\"idx-val\">\u2014<\/div>\n<div class=\"idx-chg up\">\u25b2 +0.85%<\/div>\n<\/p><\/div>\n<div class=\"idx-card\">\n<div class=\"idx-name\">Nifty Smallcap 100<\/div>\n<div class=\"idx-val\">\u2014<\/div>\n<div class=\"idx-chg up\">\u25b2 +1.20%<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"data-note\">52-week range (Nifty 50): \u20b922,182 (low) \u2014 \u20b926,373 (high) \u00b7 Nifty intraday: Open 24,097 \u00b7 High 24,237 \u00b7 Low 24,060<\/div>\n<p>The Nifty 50 opened at 24,097, touched an intraday high of 24,237 and a low of 24,060. Forty of the fifty index constituents ended in the green, with market breadth firmly in favour of buyers. The Sensex’s intraday peak of 77,879 marked a 992-point swing from Tuesday’s close, before a mild late-session pullback. Small- and mid-cap indices outpaced the large-cap benchmarks, with the Nifty Smallcap 100 rising 1.20% and the Nifty Midcap 100 up 0.85%.<\/p>\n<\/p><\/div>\n<div class=\"section-rule\"><span>Top Movers<\/span><\/div>\n<p> <\/p>\n<div class=\"section\">\n<h2>Top Gainers & Losers<\/h2>\n<div class=\"movers-grid\">\n<div class=\"mv-block\">\n<div class=\"mv-head\">Top Gainers<\/div>\n<div class=\"mv-row\"><span class=\"ticker\">Garden Reach (GRSE)<\/span><span class=\"pill pill-g\">+14.4%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">Bandhan Bank<\/span><span class=\"pill pill-g\">+10.0%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">Emmvee Solar<\/span><span class=\"pill pill-g\">+8.3%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">Mazagon Dock<\/span><span class=\"pill pill-g\">+4.3%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">ITC Ltd<\/span><span class=\"pill pill-g\">+3.79%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">Tech Mahindra<\/span><span class=\"pill pill-g\">+3.31%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">IndusInd Bank<\/span><span class=\"pill pill-g\">+3.10%<\/span><\/div>\n<\/p><\/div>\n<div class=\"mv-block\">\n<div class=\"mv-head\">Top Losers<\/div>\n<div class=\"mv-row\"><span class=\"ticker\">JSW Steel<\/span><span class=\"pill pill-r\">\u22121.8%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">Jindal Steel<\/span><span class=\"pill pill-r\">\u22121.8%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">NTPC<\/span><span class=\"pill pill-r\">\u22121.66%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">National Aluminium<\/span><span class=\"pill pill-r\">\u22121.6%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">Hindalco<\/span><span class=\"pill pill-r\">\u22121.5%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">ICICI Bank<\/span><span class=\"pill pill-r\">\u22120.97%<\/span><\/div>\n<div class=\"mv-row\"><span class=\"ticker\">Bajaj Finserv<\/span><span class=\"pill pill-r\">\u22120.96%<\/span><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"section-rule\"><span>Market Narrative<\/span><\/div>\n<p> <\/p>\n<div class=\"section\">\n<h2>What Drove the Rally<\/h2>\n<p>Tuesday’s session had left markets nursing wounds \u2014 the Nifty slipped below 24,000 for the first time in days, the Bank Nifty crashed 864 points to 55,400, and FII selling continued unabated. Wednesday’s turnaround was therefore all the more striking.<\/p>\n<p>Earnings were the central catalyst. Garden Reach Shipbuilders delivered a blowout quarter \u2014 net profit up 24% year-on-year to \u20b9303 crore, revenue up 29% to \u20b92,119 crore, and EBITDA rising 27% \u2014 capped by a dividend announcement of \u20b96.7 per share. The stock’s 14.4% surge dragged Mazagon Dock along for the ride, cementing the defence shipbuilding theme as one of the most compelling stories on Dalal Street this earnings season.<\/p>\n<div class=\"pullquote\">\n<p>Bandhan Bank’s 68% year-on-year profit jump to \u20b9534 crore, combined with NIM expansion to 6.2% and management guiding for a further 10\u201320 basis point improvement over the next two to three quarters, triggered a wave of broker upgrades from MOFSL, JM Financial, and Nuvama \u2014 sending the stock up 10% on the day.<\/p>\n<\/p><\/div>\n<p>The IT pack staged a meaningful recovery after weeks of correction. With the Nifty IT index sitting nearly 27% below its peak, bottom-fishing was the dominant theme. Tech Mahindra led the charge with a 3.31% gain, followed by Infosys, Mphasis, and TCS. L&T was the sole holdout, dipping 0.33%. A broader value argument \u2014 long track records, high dividend yields, and valuations at rock-bottom levels \u2014 is beginning to attract contrarian buying.<\/p>\n<p>ITC’s 3.79% advance and solid contributions from Reliance Industries, Bharti Airtel, and Mahindra & Mahindra gave the index its heft. The auto sector also played a supporting role, with IndusInd Bank and several mid-cap auto plays adding momentum.<\/p>\n<p>The sole sour note was the metals and non-energy minerals pack. JSW Steel, Jindal Steel, Hindalco, and National Aluminium all lost 1.5\u20131.8%, dragged by weak global metal pricing and concerns around industrial demand. NTPC’s 1.66% decline was the other notable laggard in the large-cap space.<\/p>\n<\/p><\/div>\n<div class=\"section-rule\"><span>Q4 Earnings<\/span><\/div>\n<p> <\/p>\n<div class=\"section\">\n<h2>Earnings Spotlight \u2014 Q4 FY26 Results<\/h2>\n<div class=\"results-grid\">\n<div class=\"rc\">\n<div class=\"rc-name\">Garden Reach (GRSE)<\/div>\n<div class=\"rc-line\">PAT: \u20b9303 Cr <b>\u25b2 +24% YoY<\/b><\/div>\n<div class=\"rc-line\">Revenue: \u20b92,119 Cr <b>\u25b2 +29% YoY<\/b><\/div>\n<div class=\"rc-line\">EBITDA: \u20b9426 Cr <b>\u25b2 +27% YoY<\/b><\/div>\n<div class=\"rc-line\">Dividend: \u20b96.7\/share<\/div>\n<\/p><\/div>\n<div class=\"rc\">\n<div class=\"rc-name\">Bandhan Bank<\/div>\n<div class=\"rc-line\">PAT: \u20b9534 Cr <b>\u25b2 +68% YoY<\/b><\/div>\n<div class=\"rc-line\">NII: \u20b92,796 Cr <b>\u25b2 +1.4% YoY<\/b><\/div>\n<div class=\"rc-line\">NIM: 6.2% (guided: +10\u201320 bps)<\/div>\n<\/p><\/div>\n<div class=\"rc\">\n<div class=\"rc-name\">CEAT Tyres<\/div>\n<div class=\"rc-line\">PAT: \u20b9243.85 Cr <b>\u25b2 +145% YoY<\/b><\/div>\n<div class=\"rc-line\">Revenue: \u20b94,218 Cr <b>\u25b2 +23.3% YoY<\/b><\/div>\n<div class=\"rc-line\">EBITDA margin: 14% <b>\u25b2 +52.7% YoY<\/b><\/div>\n<div class=\"rc-line\">Dividend: \u20b935\/share<\/div>\n<\/p><\/div>\n<div class=\"rc\">\n<div class=\"rc-name\">Piramal Finance<\/div>\n<div class=\"rc-line\">PAT: \u20b9502 Cr <b>\u25b2 +390% YoY<\/b><\/div>\n<div class=\"rc-line\">AUM crossed \u20b91 lakh Cr <b>\u25b2 +25% YoY<\/b><\/div>\n<div class=\"rc-line\">Stock reaction: <b>+9%<\/b><\/div>\n<\/p><\/div>\n<div class=\"rc\">\n<div class=\"rc-name\">Go Digit Insurance<\/div>\n<div class=\"rc-line\">PAT: \u20b9149.4 Cr <b>\u25b2 +29.2% YoY<\/b><\/div>\n<div class=\"rc-line\">GWP: \u20b92,735.7 Cr <b>\u25b2 +6.2% YoY<\/b><\/div>\n<div class=\"rc-line\">Op. profit: \u20b9611 Cr <b>\u25b2 +42.4% YoY<\/b><\/div>\n<\/p><\/div>\n<div class=\"rc\">\n<div class=\"rc-name\">Nippon Life India<\/div>\n<div class=\"rc-line\">PAT: \u20b9384.7 Cr <b>\u25b2 +29% YoY<\/b><\/div>\n<div class=\"rc-line\">Revenue: \u20b9738.7 Cr <b>\u25b2 +30% YoY<\/b><\/div>\n<div class=\"rc-line\">Stock reaction: <b>+3%<\/b><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Evening results from Bajaj Finance, Adani Power, Vedanta, Waaree Energies, Mphasis, and Federal Bank will be closely watched \u2014 their numbers and management commentary will likely set the tone for Thursday’s open.<\/p>\n<\/p><\/div>\n<div class=\"section-rule\"><span>Institutional Flows<\/span><\/div>\n<p> <\/p>\n<div class=\"section\">\n<h2>FII vs DII \u2014 The Institutional Tussle<\/h2>\n<p>The push-pull between foreign and domestic institutions continued to define the market’s character. Foreign institutional investors remained net sellers through the week, their appetite dampened by elevated crude oil prices, the unresolved US\u2013Iran conflict at the Strait of Hormuz, and uncertainty ahead of the US Federal Reserve’s upcoming rate decision.<\/p>\n<div class=\"fii-row\">\n<div class=\"fii-card fii-sell\">\n<div class=\"fii-lbl\">FII \/ FPI Activity<\/div>\n<div class=\"fii-val\">Net Sellers<\/div>\n<div class=\"fii-desc\">\u20b9944 Cr net sell on Apr 27 \u00b7 Geopolitics & crude keeping outflows alive \u00b7 Consistent sellers through April<\/div>\n<\/p><\/div>\n<div class=\"fii-card fii-buy\">\n<div class=\"fii-lbl\">DII Activity<\/div>\n<div class=\"fii-val\">Net Buyers<\/div>\n<div class=\"fii-desc\">\u20b93,871 Cr net buy on Apr 27 \u00b7 Mutual funds absorbing foreign selling \u00b7 Key stabilising force for markets<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>The April 27 provisional data told the story clearly \u2014 FIIs sold a net \u20b9944 crore while DIIs absorbed \u20b93,871 crore. This domestic institutional support has been the single most important stabilising force for Indian equities through this volatile stretch. Without it, the impact of FII selling would have been considerably more punishing.<\/p>\n<\/p><\/div>\n<div class=\"section-rule\"><span>Macro Context<\/span><\/div>\n<p> <\/p>\n<div class=\"section\">\n<h2>Macro Landscape<\/h2>\n<p>The broader macro picture remains one of cautious navigation through several live crosswinds. Brent crude around $112 a barrel continues to be the most uncomfortable variable for India \u2014 a net importer \u2014 widening the current account deficit and keeping inflationary pressures elevated. The US\u2013Iran conflict, with ongoing disruption at the Strait of Hormuz, shows no sign of quick resolution.<\/p>\n<p>On the currency front, USD\/INR futures were quoted near \u20b992.50, a level that adds cost pressure for import-heavy industries. The Federal Reserve’s upcoming decision on interest rates is being watched closely \u2014 any hawkish signal could strengthen the dollar and accelerate FII outflows from emerging markets.<\/p>\n<p>One potential positive: news of the UAE’s planned exit from OPEC in May introduced fresh optimism that the oil supply discipline enforced by the cartel may soften, which could eventually ease crude prices. Asian markets were mixed on the day; European indices traded flat to slightly positive.<\/p>\n<p>On the domestic side, the IMF’s recent upgrade of India’s FY27 GDP growth forecast to approximately 6.5% continues to underpin longer-term confidence in the India growth story, even as near-term volatility remains elevated.<\/p>\n<h3>Banking Sector \u2014 The ECL Cloud<\/h3>\n<p>Despite today’s recovery, the banking sector carries an additional structural uncertainty. The RBI recently finalised its Expected Credit Loss (ECL) provisioning framework, set to take effect from April 1, 2027. The framework requires banks to shift from an incurred-loss model to a forward-looking approach \u2014 setting aside provisions based on anticipated stress in loan portfolios, rather than waiting for defaults to materialise.<\/p>\n<p>This is considered a prudent long-term reform, but in the short term it is expected to raise provisioning requirements for several lenders. The Bank Nifty, which had crashed 864 points on Tuesday partly in response to this news, staged a partial recovery today \u2014 though it remains an area investors will watch carefully through the remainder of the earnings season.<\/p>\n<\/p><\/div>\n<p> <\/p>\n<div class=\"outlook\">\n<h3>Outlook for Thursday, 30 April 2026<\/h3>\n<div class=\"ol-row\"><span class=\"dot dot-g\"><\/span><span>Bajaj Finance, Vedanta & Adani Power results due \u2014 strong numbers could extend the rally into Thursday<\/span><\/div>\n<div class=\"ol-row\"><span class=\"dot dot-g\"><\/span><span>Defence & PSU theme remains powerful; GRSE and Mazagon Dock momentum may carry over<\/span><\/div>\n<div class=\"ol-row\"><span class=\"dot dot-g\"><\/span><span>IT bottom-fishing intact; Nifty IT ~27% below peak \u2014 value buyers are present at lower levels<\/span><\/div>\n<div class=\"ol-row\"><span class=\"dot dot-n\"><\/span><span>Nifty 50 key resistance at 24,500; immediate support at 23,800 \u2014 range-bound action likely<\/span><\/div>\n<div class=\"ol-row\"><span class=\"dot dot-n\"><\/span><span>RBI ECL framework will keep banking sector sentiment choppy in the near term<\/span><\/div>\n<div class=\"ol-row\"><span class=\"dot dot-r\"><\/span><span>Brent crude at ~$112\/barrel \u2014 a persistent overhang on India’s inflation and trade deficit<\/span><\/div>\n<div class=\"ol-row\"><span class=\"dot dot-r\"><\/span><span>FII selling remains a structural drag; USD\/INR near \u20b992.50 adds pressure on import-heavy sectors<\/span><\/div>\n<div class=\"ol-row\"><span class=\"dot dot-r\"><\/span><span>US Federal Reserve policy decision awaited \u2014 hawkish guidance could stoke fresh FII outflows<\/span><\/div>\n<\/p><\/div>\n<p> <\/p>\n<footer>\n <strong style=\"font-weight:600;color:#444441;\">Dalal Street Daily<\/strong> \u00b7 Data compiled from BSE, NSE, and Indian financial news sources as of market close on 29 April 2026. All index levels and percentage changes are approximate and based on available closing data. This article is for informational purposes only and does not constitute investment advice. Please consult a SEBI-registered financial advisor before making any investment decisions.<br \/>\n <\/footer>\n<\/div>\n<p><\/body><br \/>\n<\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dalal Street Market Wrap \u2014 29 April 2026 Dalal Street Daily Wednesday, 29 April 2026 \u00b7 End-of-Day Edition Indian Markets \u00b7 BSE \/ NSE Market Wrap Dalal Street Roars Back: Sensex Surges ~1,000 Points as Bulls Retake Control Market close data \u00b7 29 April 2026 \u00b7 All figures in Indian Rupees unless noted Indian equities […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2537","post","type-post","status-publish","format-standard","hentry","category-general","entry"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts\/2537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/comments?post=2537"}],"version-history":[{"count":2,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts\/2537\/revisions"}],"predecessor-version":[{"id":2539,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts\/2537\/revisions\/2539"}],"wp:attachment":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/media?parent=2537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/categories?post=2537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/tags?post=2537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}