Key Stocks to Monitor as Indian Markets Anticipate Positive Opening
Stocks to Watch today: RIL, Axis Bk, IndusInd Bk, Paytm, MRPL, L&T Finance
Business Standard
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Indian equity indices, Sensex and Nifty, are set for a positive start on April 27, driven by a rally in global markets amid hopes for US-Iran peace talks. Key stocks to watch include Reliance Industries, Axis Bank, IndusInd Bank, and Paytm, with several companies reporting quarterly earnings.
- 01Sensex and Nifty expected to open higher due to global market rally.
- 02Reliance Industries reported a net profit of ₹20,589 crore, down 8.9% YoY.
- 03Axis Bank's net profit slightly decreased to ₹7,071.3 crore, while net interest income rose 4.7%.
- 04IndusInd Bank returned to profit with ₹533 crore, a significant recovery from a loss last year.
- 05Paytm Payments Bank's banking license revoked by the RBI, leading to winding up operations.
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Indian equity benchmark indices, Sensex and Nifty, are anticipated to open positively on April 27, following a rally in global markets, particularly in Asia, amid renewed hopes for US-Iran peace talks. GIFT Nifty futures were trading 192 points higher at 24,146. Key stocks to monitor include Reliance Industries, which reported a net profit of ₹20,589 crore for Q4FY26, reflecting an 8.9% decline from the previous year, while its revenue grew 12.9% to ₹3.25 trillion. Axis Bank's standalone net profit for the same quarter was ₹7,071.3 crore, marginally down from last year, but net interest income increased 4.7% to ₹14,457.2 crore. IndusInd Bank reported a net profit of ₹533 crore, recovering from a loss of ₹2,236 crore in the previous year, with net interest income surging 43.4% to ₹4,371.5 crore. Additionally, the Reserve Bank of India revoked the banking license of Paytm Payments Bank, prompting the company to initiate winding up operations. Other companies, including Ultratech Cement and Coal India, are also set to announce their quarterly earnings today.
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The positive market opening could boost investor confidence and potentially lead to increased trading activity, benefiting local investors and businesses.
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