Hello Investors,
Welcome to the daily market brief!
The Indian markets ended the month of April on a cautious note, characterized by significant late-session selling.
On top of that, the Q4FY26 Results Season has started on a solid footing, and the next three weeks will be very important. We are going to see 1500+ results this month. Use our latest (and more powerful than ever) earnings tracker to track all the Q4 earnings. Watch this video to explore everything this tool can do.
Before we dive deep into Friday’s market moves, an important announcement.
We had a YT live session on 2nd May, where we analysed the Q4 results of April and answered your questions. We also shared a list of stocks that you should add to your watchlist to track in the coming weeks. The PPT containing the list is attached in the comments.
Now, let’s talk about the market moves of Friday.
Nifty 50: 23,997.55 (-180.10 pts | -0.74%)
Sensex: 76,913.12 (-582 pts | -0.75%)
Bank Nifty: 54,863.35 (-540.25 pts | -0.98%)
Nifty Midcap 100: 59,784.85 (-592.05 pts | -0.98%)
Nifty Smallcap 100: 18,007.15 (-86.00 pts | -0.48%)
Sentiment Drivers:
Geopolitical Friction: Rising tensions between the US and Iran kept investors on edge, pushing them toward “safe” assets.
Crude Oil Pressure: Brent crude, hovering near $110/barrel, raised fears of imported inflation and a wider trade deficit.
Currency Weakness: The Indian Rupee hit a fresh low against the Dollar, making imports costlier for Indian companies.
Best Performers:
Nifty IT (+0.37%) and Pharma (0.03%) were the only two indices that ended the day in the green.
Worst Performers:
Metal, PSU Bank, and Realty indices fell the most on Friday.
You can find all indices along with their daily moves, and fundamental & technical data points on our index analysis tool (it is free!), as shown in the image below.
We have the best tool to identify sector rotations. Explore which sectors/stocks are leading and lagging on our RRG chart.
Gainers:
Losers:
The tug-of-war between foreign and domestic investors continued:
FIIs (Foreign Institutional Investors): Net SELLERS of ₹8,047.86 Crore. This continues the April trend of FIIs pulling money out of emerging markets due to rising US bond yields.
DIIs (Domestic Institutional Investors): Net BUYERS of ₹3,487.10 Crore. Domestic funds are trying to provide a floor to the market, but they couldn’t fully offset the massive foreign exit.
Track FII/DII flows across market segments with our Institutional Flow Dashboard.
US-Iran Conflict: Tensions remain at a “boiling point” regarding the Strait of Hormuz, maintaining a risk premium on global trade.
US Earnings Season: Apple and Estee Lauder posted stronger-than-expected profits on Friday, sparking a tech rally in the US.
Inflation Reassessment: New US data showed cooling consumption but strong AI-led investment, leading to a “mixed bag” for interest rate expectations.
Dollar Index Strength: The USD remains resilient, putting pressure on Emerging Market (EM) currencies like the Rupee.
US Markets: Up. The S&P 500 (+0.3%) and Nasdaq (+0.9%) hit fresh record highs on Friday night, driven by tech earnings.
Europe/Asia: Mixed. European markets were mostly closed for May Day; Asian markets are showing a positive “catch-up” start for Monday.
US 10-Year Bond Yield: 4.37% (Slightly down). Yields pulled back slightly as oil prices softened, reducing immediate inflation fears.
Gold Price: Down slightly. Easing bond yields usually helps Gold, but a strong Dollar is keeping its price in check.
Crude Oil (Brent): ~$108/barrel (Down). Prices eased slightly from recent peaks due to a technical pullback, though the geopolitical threat remains.
Gift Nifty: Trading at a +0.8% premium, suggesting a strong “Gap-Up” opening for the Indian market today near 24,200.
Key Levels: Support at 23,900; Resistance at 24,200.
Positive Factors: Strong US tech performance and a slight cooling in crude oil.
Risks: Persistent FII selling and the unpredictable US-Iran geopolitical situation.
Investor Takeaways:
Wait and Watch: Don’t rush into the opening “Gap-Up.” See if the Nifty holds above 24,200 for at least 45 minutes.
Earnings Focus: This month, earnings will take the center stage. Focus on companies reporting strong numbers.
Caution on FMCG: High oil prices might continue to squeeze margins for consumer goods companies in the short term. This will be visible in Q1FY27 results.
PS: Follow us on X to get timely updates on markets and stocks.
That is it for today! See you tomorrow.
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