Domestic equity markets opened on a strong note, with investors closely tracking state election results across Assam, Kerala, Puducherry, Tamil Nadu, and West Bengal, alongside movements in crude oil and the evolving West Asia conflict. Elevated Brent crude prices, driven by tensions around the Strait of Hormuz, remain a key concern for inflation and the rupee, while corporate earnings add a mixed outlook. Meanwhile, the Nifty climbed above the 24,200 mark, with broad-based gains led by auto, chemical, and FMCG stocks. At 09:27 IST, the barometer index, the S&P BSE Sensex jumped 657.11 points or 0.85% to 77,570.61. The Nifty 50 index rallied 216.60 points or 0.89% to 24,213.55. In the broader market, the BSE 150 MidCap Index surged 1.02% and the BSE 250 SmallCap Index soared 1.14%. The market breadth was weak. On the BSE, 2,403 shares rose and 875 shares fell. A total of 231 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 2.92% to 17.92. Foreign portfolio investors (FPIs) sold shares worth Rs 8,047.86 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,487.10 crore in the Indian equity market on 30 April 2026, provisional data showed. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.13% to 7.027 compared with previous session close of 7.018. In the foreign exchange market, the rupee lowered against the dollar. The partially convertible rupee was hovering at 94.8850 compared with its close of 94.8400 during the previous trading session. MCX Gold futures for 5 June 2026 settlement shed 0.03% to Rs 151,323. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.13% to 97.86. The United States 10-year bond yield rose 0.21% to 4.387. In the commodities market, Brent crude for June 2026 settlement gained 44 cents or 0.41% to $108.61 a barrel. Stocks in Spotlight: Central Depository Services (India) slipped 2.78% after the company has reported 20.5% fall in consolidated net profit to Rs 79.79 crore despite a 17.1% rise in revenue from operations to Rs 262.85 crore in Q4 FY26 as compared with Q4 FY25. Kotak Mahindra Bank declined 2.98%. The company reported 13.37% jump in standalone net profit to Rs 4,026.55 crore on 3.46% increase in total income to Rs 17,291.10 crore in Q4 FY26 over Q4 FY25. Ramkrishna Forgings lost 1.09% after the company reported 72% fall in consolidated net profit to Rs 55.94 crore despite a 28.5% rise in net sales to Rs 1216.78 crore in Q4 FY26 as compared with Q4 FY25. Global Market: Asian markets traded mixed on Monday as investors weighed tensions between Iran and the U.S. and a U.S. plan to reopen shipping in the Strait of Hormuz. Markets in Japan and China are closed for a public holiday. The U.S. would attempt to 'free' stranded ships affected by the Strait of Hormuz closure since the start of the Iran war, U.S. President Trump reportedly said in his social media post on Sunday. Dubbed Project Freedom,' the effort is set to begin on Monday, Middle East time and will focus mainly on getting civilian ships flagged in countries not affiliated with the conflict out of the contested waterway so they can 'freely and ably get on with their business.' 'U.S. military support to Project Freedom will include guided-missile destroyers, over 100 land and sea-based aircraft, multi-domain unmanned platforms, and 15,000 service members,' the U.S. Central Command said shortly after Trump's announcement. Oil prices fell following the announcement of 'Project Freedom'. West Texas Intermediate futures for July delivery fell 0.26% to $101.68 per barrel as of 10:08 p.m. ET. International benchmark Brent crude futures were 0.13% lower at $108.03 per barrel. Last week, the S&P 500 rose to a fresh all-time intraday high on Friday, while oil prices fell as a new month of trading got underway. The broad market index advanced 0.29% to end at 7,230.12. The Nasdaq Composite added 0.89%, reaching an all-time high and closing at 25,114.44. Both indexes posted closing records. The Dow Jones Industrial Average slipped 152.87 points, or 0.31%, to settle at 49,499.27. Oil prices fell on Friday after Iran reportedly sent its response through Pakistani mediators to the latest U.S. amendments to a draft agreement to end the Middle East conflict. President Donald Trump revealed later Friday he is displeased with a new peace offer from Iran, saying that the country 'wants to make a deal, but I'm not satisfied with it. Powered by Capital Market - Live News |