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Market wrap: Sensex falls 250 points, Nifty closes below 23,900 on monthly expiry day
Indian equities ended lower for the second straight session as benchmarks slipped on expiry-day volatility, though broader markets advanced. IT stocks led declines amid rate worries, while auto and consumption names gained. Analysts expect sectoral rotation ahead of earnings, with banking, healthcare and power seen as resilient drivers of performance.
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Kotak Mahindra Bank shares on 29 June
Indian benchmark indices opened mixed following a significant weekly winning streak. The Nifty 50 showed little change, while the BSE Sensex dipped slightly. Investors are cautious amid geopolitical tensions, with attention on US-Iran diplomatic efforts.
Stocks in news: Waaree Energies, Kotak Bank, HDFC Bank, Strides Pharma, Persistent Systems
Indian markets showed volatility, ending nearly flat despite positive signals. Analysts note Nifty faces resistance from key moving averages, with a decisive close above 24,200 crucial for further gains. Several companies like Waaree Energies, Kotak Bank, and Tata Motors are in focus due to significant developments, including US investigations, strategic partnerships, and EV expansion plans.
Jupiter Wagons Q4 Results: Cons PAT tumbles 72% to Rs 29 crore, revenue falls 25% YoY
Jupiter Wagons saw its net profit drop 72% to Rs 29 crore in the March quarter. Revenue also fell 25% to Rs 780 crore. The company's EBITDA declined 46%. For the full year, profit after tax decreased 56%. Jupiter Wagons shares have seen a decline. Indian Railways plans a large tender for freight wagons.
NTPC Green Energy Q4 Results: Cons PAT declines 15% YoY to Rs 197 crore despite 47% revenue uptick
NTPC Green Energy's Q4 FY22 consolidated net profit fell 15% YoY to ₹197 crore despite a 47% revenue increase to ₹913 crore. The decline was caused by a 60% rise in expenses (₹713 crore). However, the profit surged 11X sequentially from the previous quarter.
Apollo Hospitals Q4 Results: Cons PAT jumps 36% YoY to Rs 529 crore, revenue rises 18%; Rs 10 per share dividend declared
Apollo Hospitals reported strong Q4 FY26 results: consolidated PAT surged 36% YoY to Rs 529 crore, and revenue increased 18% to Rs 6,605 crore. EBITDA grew 31% to Rs 1,011 crore. The company declared a Rs 10 dividend.
PFC Q4 Results 2026: Cons net profit rises 2.8% to ₹8,598 crore, revenue down 1%; dividend declared
Power Finance Corporation reported a 2.87% increase in consolidated profit for Q4FY26, reaching ₹8,598 crore. However, revenue from operations fell by 1% to ₹28,919.52 crore. The company proposed a final dividend of ₹3.95 per share, adding to previous interim dividends.
Shree Cement Q4 results: Cons PAT falls 8% YoY to Rs 526 cr despite 10% revenue uptick. Rs 70/share dividend declared
Cement maker Shree Cement reported an 8% YoY drop in Q4 consolidated PAT to Rs 526 crore, even as revenue rose 10% to Rs 6,101 crore. The board declared a Rs 70/share dividend. Strong volume growth and expanding RMC operations supported sequential improvement in profitability.
KPI Green Energy Q4 Results: Cons PAT jumps 46% YoY to Rs 155 crore; revenue up 40%
KPI Green Energy Q4 Results: KPI Green Energy announced strong financial results for the fourth quarter of FY26. Net profit surged by 46% to Rs 155 crore. Revenue from operations increased by 40% to Rs 810 crore. This growth was driven by project execution and business verticals. EBITDA also saw a significant rise. The company recommended a dividend. Investors reacted positively to the news.
Stocks to watch: BHEL, Kotak Mahindra, Adani Enterprises among 10 shares in focus today
Stock market today: The Indian stock market is likely to snap its losing streak as trends in the Gift Nifty index signalled a positive opening on Monday. Amid this backdrop, these stocks will remain in focus on Monday, 4 May.
Zen Technologies Q4 results: Cons PAT falls 69% YoY to Rs 32 crore; revenue down 45%
Zen Technologies saw a significant drop in its March quarter performance. Net profit declined by 69% year-on-year, while revenue from operations fell by 45%. The company's profit after tax is attributable to its shareholders. Zen Technologies has declared a final dividend of Re 1 per share for FY26.
IEX Q4 results: Cons PAT rises 11% to Rs 130 crore, revenue up 13% on record electricity volumes
Indian Energy Exchange delivered steady quarterly growth driven by record electricity trading volumes, improving revenue and profit, alongside strong yearly performance supported by higher supply liquidity and expansion across power, gas and renewable certificate markets