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Post Session: Quick Review
Apr-30-2026

Thursday turned out to be a lackluster day for Indian equity markets, with both Sensex and Nifty ending below their 77,000 and 24,000 levels, respectively, amid persistent outflows by FIIs, elevated crude oil prices and lack of progress in US-Iran negotiations, particularly as the US continues to maintain its blockade stance. After a negative start, markets remained weak throughout the session but some recovery witnessed during the last hours of the session. Traders reacted to reports that the US Federal Reserve held interest rates steady. 

Some of the important factors in trade:

Persistent outflows by FIIs: Sentiments remained downbeat as foreign institutional investors (FIIs) remained net sellers, offloading equities worth Rs 2,468.42 crore on April 29. 

West Asia crisis fuels inflation risks; India’s strong fundamentals to provide cushion: Traders got cautious as the Finance Ministry in its Monthly Economic Review for April said that the conflict in West Asia could disrupt supply and increase risks to inflation, trade, and financial flows.

Bank credit growth in India slows to 15% in fortnight ended April 15: Adding some worries, the Reserve Bank of India (RBI) said that bank credit growth in India slowed to 14.88 per cent year-on-year (YoY) in the fortnight ended April 15, 2026 as compared to 15.96 per cent growth recorded in the previous fortnight ending March 31, 2026.

Profitability of Indian downstream sectors likely to hit in FY27 amid West Asia conflict: Some concerns came with ICRA’s latest report stating that the profitability of key downstream sectors i.e. oil marketing segment, fertiliser, chemical and City Gas Distribution (CGD) sector is likely to be impacted in FY2027, on account of the raw material cost pressures and supply constraints, amidst the ongoing West Asia conflict.

Mixed global cues: European markets were trading mostly higher, while Asian markets ended mostly lower, as investors watched the latest developments in the Middle East and awaited policy updates from the European Central Bank and the Bank of England.

The BSE Sensex ended at 76913.50, down by 582.86 points or 0.75% after trading in a range of 76258.86 and 77254.33. There were 9 stocks advancing against 21 stocks declining on the index. (Provisional)

The few gaining sectoral indices on the BSE were IT up by 0.51%, TECK up by 0.28% and Telecom up by 0.03%, while Metal down by 2.13%, Realty down by 1.44%, Basic Materials down by 1.36%, PSU down by 1.31% and FMCG down by 1.13% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Sun Pharma up by 1.64%, Infosys up by 1.20%, Bajaj Finance up by 0.98%, Adani Ports & SEZ up by 0.98% and Tech Mahindra up by 0.95%. On the flip side, Eternal down by 2.85%, Hindustan Unilever down by 2.70%, Tata Steel down by 2.13%, Larsen & Toubro down by 2.03% and Ultratech Cement down by 1.92% were the top losers. (Provisional)

Meanwhile, the Directorate General of Civil Aviation (DGCA) in its latest data has showed that India’s domestic airlines carried over 4.37 crore passengers during January-March 2026, marking a marginal increase over the year-ago period. In March 2026, India’s domestic air traffic inched up to 1.44 crore from 1.41 crore in February, however this figure was lower than the 1.45 crore recorded in March 2025.  

According to the data, IndiGo continued to dominate the market with a 63.3% share in March, followed by the Air India Group at 26.2%. Akasa Air and Alliance Air saw their respective market shares increase to 5.4% and 0.6%, respectively. However, the market share of SpiceJet dipped to 3.8% in March, while that of Fly91 remained unchanged at 0.2%.  

Data further indicated that in terms of On-Time Performance (OTP), IndiGo topped the list at 88.7%, followed by Akasa Air at 82.6%, Air India Group at 78%, Alliance Air at 62.9% and SpiceJet at 43%. OTP of scheduled domestic airlines has been computed for ten major airports -- Bangalore, Delhi, Hyderabad, Mumbai, Chennai, Kolkata, Ahmedabad, Cochin, Guwahati and Lucknow. Around 0.92% of the flights were delayed by more than two hours in March.  

The CNX Nifty ended at 23997.55, down by 180.10 points or 0.74% after trading in a range of 23796.85 and 24087.45. There were 10 stocks advancing against 40 stocks declining on the index. (Provisional)

The top gainers on Nifty were Bajaj Auto up by 4.72%, Sun Pharma up by 1.66%, Infosys up by 1.22%, Tech Mahindra up by 0.94% and Bajaj Finance up by 0.75%. On the flip side, Tata Motors Passenger Vehicles down by 3.16%, Eternal down by 2.76%, Hindalco down by 2.74%, Hindustan Unilever down by 2.74% and Axis Bank down by 2.17% were the top losers. (Provisional)

European markets were trading mostly higher; UK’s FTSE 100 rose 111.84 points or 1.10% to 10,324.95 and Germany’s DAX added 60.54 points or 0.25% to 24,015.10, while France’s CAC fell 37.13 points or 0.46% to 8,035.00.

Asian markets ended mostly lower on Thursday tracking Wall Street’s muted cues overnight as fears of a prolonged conflict in the Middle East overshadowed stronger-than-expected earnings from major US tech giants. Meanwhile, surging crude oil prices and US Federal Reserve's hawkish hold have also prompted profit-taking across the region. The 8-4 FOMC vote was the most divided since October 1992, signalling that interest rates will likely stay ‘higher for longer’ to combat stubborn inflation. A private report said that the US military would brief President Trump on potential action against Iran, raising concerns that the conflict could escalate. Trump also reiterated that the US would maintain its naval blockade on Iran until a nuclear agreement is reached. Japan's high energy import dependency, with roughly 90% of its energy needs imported, also kept traders and market participants cautious. However, Chinese shares climbed after data showed manufacturing PMI beat market expectations at 50.3 in April 2026, while a private survey revealed that the manufacturing PMI climbed to its highest level since December 2020 at 52.2. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,112.16

4.65

0.11

Hang Seng

25,776.53

-335.31

-1.28

Jakarta Composite

6,956.80

-144.42

-2.03

KLSE Composite

1,722.02

1.60

0.09

Nikkei 225

59,284.92

-632.54

-1.06

Straits Times

4,912.69

51.72

1.06

KOSPI Composite

6,598.87

-92.03

-1.38

Taiwan Weighted

38,926.63

-376.87

-0.96
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