Market News

The Reserve Bank of India (RBI) has rejected appeals from Non-Banking Financial Companies (NBFCs), upholding stricter norms regarding public funds, promoter borrowings, and intra-group loans.

Exit polls suggest a BJP advantage in West Bengal and Assam, prompting investors to assess the potential market reaction. While some sectoral movements are expected, broader market direction will likely depend on macroeconomic factors.

US equities began the session mixed as investors await crucial earnings reports from major tech giants and the Federal Reserve's upcoming policy meeting, signaling a period of cautious sentiment.

End-of-day market summary for 2026-04-29

Global investors are keenly observing US markets as they navigate a critical period driven by the Federal Reserve's policy stance and a wave of Q1 earnings from major technology firms.

Indian government bond prices experienced a decline on Wednesday, pushing yields higher, as global crude oil prices surged and investors braced for the US Federal Reserve's upcoming policy announcement. The Indian Rupee also saw a depreciation amidst these macroeconomic headwinds.

Major US tech companies like Alphabet [GOOGL], Meta [META], and Microsoft [MSFT] are set to release their quarterly earnings, with global investors keenly watching for cues on AI spending and cloud revenue growth that could sway market sentiment and drive volatility.

Global crude oil prices have soared to their highest levels since June 2022, nearing $115 per barrel, driven by escalating geopolitical tensions in the Middle East and supply concerns. This surge poses significant challenges for the Indian economy and could impact various market sectors.

The Indian Rupee [INR] recorded an all-time closing low of ₹94.85 against the US Dollar [USD] on Wednesday, driven by surging crude oil prices and persistent foreign institutional investor (FII) outflows.

Bandhan Bank [BANDHANBNK] is charting a course for robust growth, targeting 15% credit expansion and 1.5% ROA by FY27, buoyed by significant improvements in asset quality and stable net interest margins.

Indian silver futures witnessed a significant drop, with prices declining to ₹2.36 lakh per kilogram, influenced by rising crude oil costs and a strengthening US dollar.

European equities experienced a dip on Wednesday as investors keenly awaited a busy schedule of corporate earnings reports, while persistent geopolitical tensions between the U.S. and Iran continued to cast a shadow over global risk sentiment.

Brent crude oil prices have jumped by nearly 3%, touching a one-month peak, driven by renewed concerns over prolonged supply disruptions from the Middle East due to extended U.S. sanctions on Iranian ports.

Shares of leading tobacco firms ITC [ITC] and Godfrey Phillips India [GODFRYPHLP] witnessed a notable surge recently, buoyed by reports of an impending 17% increase in cigarette prices. This potential hike signals robust pricing power and improved investor sentiment.

India's leading automaker, Maruti Suzuki [MARUTI], is setting its sights on a robust 10% volume growth by fiscal year 2027, propelled by strategic expansion and strong rural demand, even as it navigates ongoing margin pressures.

Mahindra Lifespace Developers Ltd reported an impressive 21% rise in pre-sales, reaching ₹3,405 crore in FY24, driven by strong demand for its residential properties across India.

Gold futures in India witnessed a notable uptick, climbing to ₹1.50 lakh per 10 grams, driven by increased investor caution ahead of the highly anticipated US Federal Reserve's policy decision.

Australian shares closed lower, reaching a near four-week low, but a softer-than-expected core inflation reading eased immediate rate hike concerns, tempering the market's decline.

JPMorgan Chase CEO Jamie Dimon has issued a stark warning about a potential global bond crisis, citing escalating government debts and heightened geopolitical tensions as key drivers.

Deutsche Bank forecasts gold prices could reach ₹6.68 Lakh per ounce within five years, driven by central banks diversifying their reserves away from the US dollar due to increasing global uncertainties.