The Indian stock market is positioned for a potential recovery after Thursday's decline, with Gift Nifty trading near 24,271, up over 124.50 points from the previous close. According to market analysts, this signals a positive opening for Monday, May 4, 2026. On Thursday, the markets ended weaker with Sensex dropping 583 points (0.75%) to close at 76,913.50, while Nifty 50 slipped 180 points (0.74%) to end at 23,997.55. The broader market also faced pressure, with BSE 150 Midcap and BSE 250 Smallcap indices falling 1% and 0.50% respectively.
Several companies are set to announce their Q4 FY26 results today, with BHEL, Ambuja Cements, Tata Technologies, Aditya Birla Capital, and Ather Energy among the key stocks to watch. As reported by market analysts, these companies' quarterly results will be closely monitored for insights into their performance and future outlook. The results announcement comes at a time when markets are showing signs of recovery after the recent decline.
Kotak Mahindra Bank delivered strong quarterly results with net profit rising 13% year-on-year to ₹4,027 crore, while Net Interest Income grew 8% to ₹7,876 crore, up from ₹7,284 crore in the same period last year. Central Bank of India also reported positive performance with Net Interest Income rising 17% year-on-year to ₹4,002 crore, though net profit declined to ₹724.4 crore from ₹1,033 crore in the previous year.
Avenue Supermarts (DMart) reported a net profit of ₹656.6 crore for Q3 FY26, registering a 19% increase from ₹550.90 crore recorded in the same quarter of the previous financial year. However, Adani Enterprises faced challenges with a net loss of ₹220.7 crore, compared to a net profit of ₹3,844.9 crore in the previous year, despite revenue rising 20.3% YoY to ₹32,439.3 crore. CDSL delivered mixed results with net profit falling 20% YoY to ₹80.22 crore, while Vodafone Idea saw its AGR dues reduced by 27% to ₹64,046 crore from ₹87,695 crore, though this was below market expectations of a 50% reduction.
Mazagon Dock Shipbuilders demonstrated strong performance with revenue rising 21% YoY to ₹3,850 crore, driven by robust execution, while EBITDA surged 355% to ₹543 crore with margins expanding to 14.1% from 3.8% a year ago. Indus Towers reported revenue falling 0.6% quarter-on-quarter but increasing 4.8% year-on-year, though EBITDA margin slipped to 55.1% from 55.3% in the previous quarter. Zen Technologies faced challenges with revenue declining 45.2% to ₹178 crore and EBITDA falling 63% year-on-year to ₹51 crore.
