Indices at previous closing
Nifty50: 17,038 ▼162 (-0.9%)
Sensex: 56,819 ▼537 (-0.9%)
Nifty Bank: 36,028 ▼375 (-1.0%)
For more updates on F&O, click here.
Bajaj Auto’s Q4 results beat estimates
Bajaj Auto reported a 10% year-on-year rise in its standalone net profit to ₹1,468 crore in the March quarter. This was better than the street estimates.
However, its revenue from operations dropped 7% to ₹7,974 crore, as domestic sales fell by 27%.
Government approves fertiliser subsidy
The government has approved a subsidy worth ₹61,000 crore for phosphate-based fertilisers. The subsidy hike will enable farmers to purchase soil nutrients at affordable and reasonable prices ahead of the Kharif sowing season.
The decision to increase fertiliser subsidies from ₹1,650 to ₹2,500 per bag was taken to absorb the impact of rising raw material prices due to the Russia-Ukraine conflict and a substantial rise in energy prices.
Palm oil prices rise
Palm oil prices surged 10% as leading producer Indonesia plans an export ban on certain products related to palm oil. Meanwhile, soyabean oil prices touched a fresh high.
Amid the rising prices, shares of edible oil makers in India are rising. Adani Wilmar was locked in the 5% upper circuit at the end of the day, while Patanjali-owned Ruchi Soya's shares closed 6.5% higher.
Sectoral indices (April 27)
| Top gainers | Top losers |
| Nifty Media ▲ 0.0% | Nifty Financial Services ▼ 1.4% |
| NA | Nifty Bank ▼ 1.0% |
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▼ 0.0% |
| Nikkei 225 (Japan) | ▲ 0.5% |
| Hang Seng (Hong Kong) | ▲ 0.6% |
| SSE Composite (China) | ▲ 0.1% |
| Dow Jones (US) (April 27) | ▲ 0.1% |
| NYSE (US) (April 27) | ▲ 0.3% |
| Nasdaq (US) (April 27) | ▼ 0.0% |
| S&P 500 (US) (April 27) | ▲ 0.2% |
Fact of the day
Over 4 crore Indian mobile subscribers upgraded to 4G services in 2021.
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