The Indian stock market witnessed a volatile session on Tuesday, closing weaker due to the monthly derivatives expiry. According to ETMarkets.com, the Nifty is attempting to hold above its 20 DEMA near 23,950 level amid heightened volatility, though fresh weakness in the banking space poses a risk to sustained recovery. The market decline comes amid ongoing Middle East tensions that have kept crude oil prices elevated and banking stocks under pressure following the Reserve Bank of India's final credit-loss guidelines. Indian markets are expected to open cautiously positive as global cues remain mixed, with Asian markets trading mixed as investors evaluated fresh developments in US–Iran talks.
Several companies are set to declare their Q4 FY26 results today, which will remain in focus amid the market volatility. As reported by ETMarkets.com, Bajaj Finance, Adani Power, Indian Bank, Waaree Energies, Federal Bank, Motilal Oswal, IOB, and Force Motors are among the companies that will announce their quarterly results today. Maruti Suzuki India, Eternal, Canara HSBC Life Insurance Company, Castrol India, CEAT, and Star Health and Allied Insurance Company are also scheduled to report their quarterly results today, according to Kotak Neo. These results will be closely watched by investors for insights into corporate performance during the quarter.
Eternal, the operator of food delivery platform Zomato and quick commerce service Blinkit, posted exceptional results with a 346% year-on-year jump in consolidated net profit to ₹174 crore in the fourth quarter. According to Hindustan Times, Maruti Suzuki India also delivered strong performance with a 6.5% year-on-year drop in consolidated net profit to ₹3,659 crore for the March quarter, despite a 28.2% increase in revenue from operations to ₹52,462.5 crore. The country's largest carmaker also declared a final dividend of ₹140 per share for FY26.
Bandhan Bank showed a 68% year-on-year surge in net profit to ₹530 crore for the March quarter, driven by reduced provisioning and improved asset quality. As reported by Hindustan Times, Bandhan Bank's net interest income grew marginally by 1% YoY to ₹2,800 crore, while total income rose 3% to ₹3,570 crore, indicating steady but muted topline performance. Garden Reach Shipbuilders & Engineers (GRSE) posted strong quarterly performance with net profit of ₹303 crore for the quarter ended March 31, 2026, up from ₹244 crore in the same period last year, marking a 24% growth. GRSE's revenue from operations stood at ₹2,119 crore in Q4FY26 versus ₹1,642 crore in the January-March quarter of FY25, recording a 29% surge.
Market breadth continues to appear tentative, reflecting a pronounced tug-of-war between bulls and bears. According to ETMarkets.com, 152 stocks hit their 52-week highs while 30 stocks slipped to their 52-week lows on Tuesday. Among the stocks that hit 52-week highs included Aarti Industries, Adani Energy Solutions, Adani Green Energy, Adani Power, BHEL, Clean Max Enviro Energy Solutions, Fractal, Glenmark Pharma and Honasa Consumer. Axis Bank, Maruti Suzuki and HCL Technologies were among the large-cap names witnessing selling pressure. Out of 4,427 stocks that traded on BSE, 1,910 witnessed advances, 2,351 saw declines while 166 remained unchanged. Technical analysts suggest the 23,800-23,750 zone provides immediate support while resistance is placed near 24,250-24,300, with a key resistance seen around 24,550-24,600.
