The Indian benchmark indices, SENSEX and NIFTY50, were trading in the green during the afternoon session on Monday, April 27, bolstered by gains in pharma and media stocks and positive cues in global markets despite the breakdown of peace talks between Iran and the United States. According to reports from Upstox, the SENSEX soared by 588.37 points, or 0.77%, to 77,252.58, while NSE's NIFTY50 stood at 24,078.75, marking a 180.80 points, or 0.76% increase. The SENSEX and NIFTY 50 both rallied as much as 0.88% to hit their intraday highs of 77,341.53 and 24,107.60, respectively, during the morning session on April 27.
The NIFTY50 index was supported by gains in Sun Pharma (6.96%), JSW Steel (2.71%), Adani Ports (2.50%), TCS (2.19%) and SBI Life Insurance Company (2.16%). On the contrary, the top losers included Shriram Finance (-4%), Axis Bank (-3.51%), BEL (-1.79%), Coal India (-0.79%) and Tata Consumer Products (-0.60%). As reported by Upstox, investor sentiment also improved as the three-day trade negotiations between India and the US concluded, with both countries agreeing to maintain momentum and continue talks.
Reliance Industries (RIL) shares rose as much as 1.31% to hit an intraday high of ₹1,345.20 apiece on the National Stock Exchange (NSE) on Monday, April 27, following its result announcement on Friday. However, during the pre-market opening session on NSE, RIL shares were down around 2% to ₹1,300 after investors reacted to subdued Q4 earnings and the impact of the West Asia crisis on the company's profits. The company recorded a 13% YoY fall in net profits with revenue from core operations witnessing a 13% rise to ₹2.98 lakh crore in the January to March quarter. Cohance Lifesciences hit its 20% upper limit at ₹432.10 per unit after announcing the appointment of former Cipla CEO Umang Vohra as Executive Chairman effective May 1, 2026, and Group CEO effective May 20, 2026.
Axis Bank shares fell nearly 5% to touch an intraday low of ₹1,299.90 per unit in early morning trades on Monday, April 27, reacting to its Q4FY26 earnings. The private lender reported flat growth in Q4 net profit to ₹7,071 crore, down 0.6% YoY, mainly due to a sharp spike in provisions and a trading loss. Total provisions and contingencies rose 159% YoY to ₹3,522 crore during the quarter. However, IndusInd Bank stock jumped 6.13% to hit the session's peak of ₹899.9 per equity share, after the private lender swung back to profitability with net profit of ₹594 crore compared to a loss of ₹2,236 crore in the year-ago period.
Sun Pharmaceutical Industries shares jumped as much as 9.94% to an intraday high of ₹1,766.90 apiece, as it announced its plans to acquire US-based healthcare firm, Organon & Co., at an enterprise value of $11.75 billion. The deal will be an all-cash transaction for $14.00 per share for all outstanding shares of the New Jersey-based company. One 97 Communications (Paytm) declined as much as 8.39% following the Reserve Bank of India's action on Paytm Payments Bank, with the apex bank announcing the cancellation of the banking licence for non-compliance with norms. Mahindra & Mahindra Financial Services advanced as much as 9.28% to ₹331 per unit, as it clocked a standalone net profit of ₹872.98 crore in Q4 FY26, up 55.02% YoY.
