Stock Market: Benchmark Sensex and Nifty indices are likely to open with gains on April 29. GIFT Nifty is indicating a positive start for broader indices with a gain of 71.50 points. Talking about the last trading day, on April 26, Indian equity indices had closed at a lower level in a volatile trading session. The five-day rising trend was broken with Nifty falling below 22,400. At the end of trading, Sensex was down 609.28 points or 0.82 percent at 73,730.16 and Nifty was down 150.30 points or 0.67 percent at 22,420.

Pivot Point Calculator indicates that the Nifty 50 index may face resistance at 22,441 levels. After this, the next major resistances are at 22,620 and 22,710 levels. On the downside, immediate support is seen for Nifty at the level of 22,386, after which the next major supports are seen at 22,330 and 22,240.

Stay tuned to Moneycontrol to know what's happening in the currency and equity markets today. Here we are releasing for you a list of today's important news running on various news platforms that can affect the Indian and international markets.

ICICI Bank's results are good

ICICI Bank's results in the fourth quarter have been good. In the fourth quarter of the financial year 2024, ending March 31, 2024, the bank's profit increased by 17 percent and interest income increased by 8 percent. The asset quality of the bank has improved during this period. At the same time, the net interest margin has remained stable.

Maruti: 48 percent jump in profits

Maruti's results in the fourth quarter were mixed. There has been a 48 percent jump in the company's profits during this period. There has also been a strong growth of 20 percent in the company's income. The margin has increased by about 2 percent. But its figures have been less than expected.

HCL Tech's results weaker than expected, pressure on SBI Life's VNB margins

HCL Tech's Q4 results were weaker than expected. The company's profit has declined by more than 8 percent during this period. At the same time, dollar income has increased by 4 percent. Revenue guidance for FY25 has also been 3 to 5 percent below expectations. On the other hand, SBI Life's profit has increased by 4 percent. VNB margins are under pressure.

UltraTech results will come today

Among Nifty companies, the results of cement giant UltraTech will come today. The company's profit is expected to increase by 24 percent during this period. At the same time, the results of BIRLASOFT, CANFIN HOMES, TATA CHEMICALS, and TRENT will also be awaited.

gifty nifty

GIFT Nifty is indicating a positive start for the broader markets in India with a gain of 71.50 points or 0.32 percent. At the same time, GIFT Nifty futures are trading around the level of 22,661.50.

Results to come on 29th April

US market

There was a rise in the American markets on Friday. The 10-year US bond yield has increased to 4.66 percent. Alphabet shares rose 10 percent on the last trading day. Its market cap reached nearly $2 trillion. At the end of the trading session on Friday, the Dow Jones Industrial Average rose 153.86 points, or 0.40 percent, to 38,239.66, the S&P 500 rose 51.54 points, or 1.02 percent, to 5,099.96 and the Nasdaq Composite rose 316.14 points, or 2.03 percent, to 15,927.90. Every week, the Dow closed with a gain of 0.7 percent, the S&P500 index with a gain of 2.7 percent, and the Nasdaq with a gain of 4.2 percent.

Inflation increased in America

March core inflation in the US has increased by 0.3 percent on a month-on-month basis. Inflation in March was as per expectations. On an annual basis, inflation has been 2.7 percent and core inflation has been 2.8 percent. The 2-day Federal Reserve meeting is going to start from tomorrow. The Fed's decision will come on Wednesday night. It is possible to wait for the Fed's rate cut till December.

bulk deal

Asian markets boom

Asian markets are trading at a brisk pace. Gift Nifty is seen with a gain of 50 points at 22,640. At the same time, the Nikkei is seen around 37,934.76 with an increase of 306.28 points or about 0.81 percent. The Straits Times is trading with a decline of 5.31 points or 0.23 percent. At the same time, Taiwan's market is seen at the level of 20,449.68 with an increase of 329.17 points or 1.64 percent. While Hong Kong's Hang Seng is trading at the level of 17,929.84 with a gain of 285.62 points or 1.62 percent. At the same time, Kospi is showing a strength of 0.81 percent. While Shanghai Composite is trading at the level of 3,115.46 with a gain of 26.08 points or 0.87 percent.

FII and DII statistics

On April 26, foreign institutional investors sold Rs 3,408.88 crore in the Indian markets. On this day, domestic institutional investors purchased Rs 4,356.83 crore.

Shares coming under F&O ban on NSE

NSE has retained Vodafone Idea in the F&O ban list for April 29. Let us tell you that the stocks included in the F&O segment are put in the banned category in the situation in which the position in the securities exceeds their market-wide position limit.