The Indian stock market is expected to snap its losing streak on Monday, as Gift Nifty was trading near the 24,108 mark, reflecting a premium of about 185 points over the previous close of Nifty futures. According to reports from Hindustan Times, this positive trend comes after the market ended with steep losses on Friday, with the Sensex tumbling 999.79 points, or 1.29%, to settle at 76,664.21, while the Nifty 50 declined 275.10 points, or 1.14%, to close at 23,897.95. The recovery is attributed to easing geopolitical tensions, though Brent crude remains elevated, trading in the $105–108 per barrel range, continuing to act as a key overhang on market sentiment. However, analysts say the near-term bias may turn negative, with the next support placed around the 23,500 level. In case of a rebound, the 24,200–24,500 zone is likely to act as a strong resistance, with any recovery towards this zone facing selling pressure unless supported by easing crude prices and improved global cues.
Several companies are expected to remain in focus due to their quarterly results announcements. As reported by Hindustan Times, Coal India, UltraTech Cement, Adani Total Gas, and SBI Cards and Payment Services will release their Q4 results 2026 today. Additionally, IDFC First Bank reported a standalone net profit of ₹319 crore for the March quarter, compared with ₹304 crore in the same period last year, reflecting a 5% YoY increase. The bank earned interest income of ₹10,553 crore in the quarter under review, up 12% from ₹9,413 crore reported in the year ago period. Axis Bank reported a standalone net profit of ₹7,071 crore for the March quarter, compared with ₹7,118 crore in the same period last year, reflecting a slight decline of 0.64%. Alembic Pharmaceuticals shares are in focus following USFDA approval for Fingolimod capsules, while Wipro's buyback could give up to 14% returns to investors in the short-term.
Reliance Industries reported a 13% year-on-year decline in its consolidated net profit, which stood at ₹16,971 crore for the fourth quarter on Friday, according to Hindustan Times. Meanwhile, Paytm faces significant regulatory challenges as the Reserve Bank of India has cancelled the banking licence of the company's associate entity, Paytm Payments Bank, effective April 24. As a result, Paytm Payments Bank is prohibited from conducting banking business, with the Board of Directors and shareholders on April 25 approving necessary resolutions to enable the winding-up of the entity. Wipro's profit fell 8.9% to ₹20,589 crore versus ₹22,611 crore in the previous year, while revenue grew 2.6% to ₹1,228.65 crore versus ₹1,197.6 crore. NTPC plans to establish two 700 MW nuclear power units in Bihar's Banka district, with the project expected to require an investment of approximately ₹25,000 crore as part of its diversification strategy.
Adani Green is planning to invest around ₹15,000 crore in the current financial year to expand its battery energy storage capacity by over 10 gigawatt-hours (GWh), as it shifts focus toward providing dependable, dispatchable clean energy in line with India's rapidly advancing energy transition, as reported by Hindustan Times. However, Manappuram Finance faces regulatory scrutiny as Sebi has issued an administrative warning to Manappuram Finance Chairman and Managing Director, VP Nandakumar, over delays in reporting share pledge transactions. Hindustan Petroleum Corporation Limited (HPCL) said that repair and restoration work at the HPCL Rajasthan Refinery Limited (HRRL) is currently in progress and is likely to be completed within the next 3–4 weeks after the fire incident earlier this month. One 97 Communications (Paytm) has received a Letter of Intent worth ₹417.97 crore from the Jihe Kathapur Lift Irrigation Division of the Maharashtra Krishna Valley Development Corporation for construction work, while the company has been declared the preferred bidder for the Maliyakheri Limestone Block-I mining lease in Rajasthan.
