On April 29, 2026, the GIFT Nifty, an early indicator of India's Nifty50 index, was trading at 24,092, reflecting a marginal gain of 0.1% or 23.50 points. Asian markets showed mixed performance; while the S&P ASX and the Kospi fell by 0.23% and 0.24%, respectively, the Hang Seng index rose by 1.15%. This mixed sentiment followed news that the UAE will exit the Organization of the Petroleum Exporting Countries (OPEC) effective May 1, impacting oil prices. Brent crude increased by 0.36% to $111.6 per barrel amid delays in the opening of the Strait of Hormuz due to stalled US-Iran negotiations. In the US, the S&P 500 and Nasdaq Composite indices fell by 0.49% and 0.90%, respectively, as investor concerns about OpenAI's revenue growth weighed heavily on market sentiment. Additionally, a range of companies, including Adani Power and Bajaj Finance, are set to announce their fourth-quarter results today, while Amba Auto Sales & Services' initial public offering (IPO) is in its final subscription day, with a current subscription rate of 0.44 times.