NIFTY50, SENSEX today: Election results, GIFT NIFTY cues and key things to know before markets open

The Indian equity benchmarks are set to stage a gap up opening on Monday, May 4, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad advanced 154 points to 24,252 amid positive cues from Asian markets.

The Indian stock market indices, NIFTY50 and BSE SENSEX, both ended their final week of April trading in losses as the mixed corporate earnings, higher crude oil prices, rupee hitting an all-time low prompted bearish sentiments amongst investors.

The benchmark NIFTY50 lost 0.73% or 175 points this week, closing at 23,997.55 points, while the BSE SENSEX lost 1% or 750 points, closing at 76,913.50 points as of the week ended Thursday, April 30.

Asian markets

Most of the markets in Asia were closed on account of holiday but Hong Kong's Hang Seng advanced 1.9% and South Korea's KOSPI surged 4.4% after President Donald Trump said the US would start helping free ships stranded in the Gulf by the US-Israeli war on Iran.

Crude oil prices declined 0.6% to $107 following President Trump's comments.

Assembly election results

Market participants will closely watch out for assembly election results for West Bengal, Assam, Tamil Nadu, Kerala and Puducherry which are underway.

Early trends showed that Bharatiya Janata Party (BJP) leading on 56 seats in West Bengal while Trinamool Congress was leading on 38 seats.

In Tamil Nadu, DMK alliance was leading on 41 seats while AIADMK was ahead on 22 seats. In Assam, BJP was leading on 41 seats and in Kerala, UDF was ahead on 20 seats while LDF was leading on eight seats.

FII activity

Foreign institutional investors sold shares worth ₹8,047.86 crore on Thursday while domestic institutional investors bought stocks worth ₹3,487 crore, as per NSE data.

In the month of April FIIs offloaded stocks worth ₹60,847 crore, data from National Securities Depository showed.

Stocks to watch

The company had posted a consolidated net profit of ₹85.54 crore in the same period of the preceding year, Aster DM Healthcare Ltd said in a regulatory filing.

Consolidated revenue from continuing operations in the fourth quarter stood at ₹1,182.38 crore against ₹1,000.34 crore in the year-ago period, it added.

Its total expenses in the quarter under review were higher at ₹1,047.03 crore compared to ₹904.65 crore in the year-ago period, the company said.

For FY26, the company said consolidated net profit was ₹427.10 crore.

The maker of Maggi noodles, Nescafé, and KitKat struck a cautious note, saying it will "wait and watch" as "nobody can predict the situation two months down the line" amid "geopolitical tensions, some concerns around the monsoon", and fluctuating commodity costs.

Nestle India remains focused on expanding consumption and penetration, with a strategy centred on driving volumes while offering better value to consumers and leveraging technology to improve operational efficiencies, he said.

"Times are volatile. It's a difficult thing for anyone to predict what's going to happen even two months down the line," Tiwary told PTI in an interaction.

In a conference call with analysts, Lodha Developers MD and CEO Abhishek Lodha highlighted the company's strong growth since listing on stock exchanges in April 2021.

"In fiscal '21, which was the peak of COVID, we did ₹60 billion of pre-sales. In FY26, we did Rs 205 billion, a 28% CAGR (compounded annual growth rate)," Abhishek said.

The company had posted a net profit of ₹550.79 crore in the January-March quarter a year ago, according to a regulatory filing from Avenue Supermarts.

Revenue from operations increased 18.9% to ₹17,683.86 crore during the quarter under review. It was at ₹14,871.86 crore in the corresponding quarter last fiscal.

"PAT (profit after tax) margin stood at 3.7% in Q4FY26 as compared to 3.7% in Q4FY25," the company said in its earnings statement on Saturday.

In the year-ago period, the profit stood at ₹4,933 crore. On a standalone basis, it reported a 13% year-on-year rise in net profit to ₹4,027 crore.

Core net interest income of the bank increased 8% to ₹7,876 crore from ₹7,284 crore a year ago.

Net interest margin (NIM) improved to 4.67% from 4.54% in the December quarter. However, it fell on a yearly basis from 4.97% in Q4FY25.

Devang Gheewalla, group chief financial officer of the bank, expects margins to remain rangebound going ahead. "It (NIM) will be range-bound. It will not be as sharp as the current year but will be more gradual in the next year," Gheewalla said during the post-policy press conference.

Net advances increased 16% year-on-year to ₹4.96 lakh crore as on March 31, 2026, from ₹4.27 lakh crore in a similar period last year.

He was 88.

Gupta is survived by his wife, four sons, and grandchildren, who now manage the Dollar Industries business.

Born on September 13, 1937, in Manheru village of Haryana’s Bhiwani district, Gupta moved to Kolkata in 1962 and began manufacturing and selling hosiery products tailored to customer requirements, gradually building manufacturing facilities, retail networks, and markets overlooked by competitors.

Total income during the quarter was ₹268 crore as against ₹256 crore in the same quarter of FY25, a company statement said.

For the full 2025-26 fiscal, net profit was ₹455 crore against ₹526 crore in the previous 2024-25 financial year.

Total consolidated income rose to ₹1,239 crore in FY26 against ₹1,199 crore in FY25, CDSL said.

The company said that it became the first depository to register 18 crore-plus demat accounts as of March 31, 2026, extending the trajectory from 15.30 crore accounts as of March 31, 2025.

The industry continued to benefit from the tailwinds of GST 2.0 carried forward from the second half of last fiscal, along with the repo rate cut and income tax benefit, Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee said.

Passenger vehicle (PV) sales in the domestic market were 3.54 lakh units in April last year.

Maruti Suzuki India posted a record domestic sales of 1,91,122 units in April compared to 1,42,053 units in the year-ago month. Its previous highest domestic sales were in December 2025 at 1,82,165 units.

"We are starting this year with a big bang. Small cars have contributed significantly to this growth," Banerjee told PTI.

Health Canada issues an NOC (notice of compliance) after a successful review, granting formal marketing authorisation to the biosimilar by confirming it meets regulatory standards for safety, efficacy, and quality – comparable to the reference biologic drug under the Food and Drug Regulations, Aurobindo Pharma said in a regulatory filing.

Available in 100 mg and 400 mg formulations, the originator product Avastin is marketed by Roche/Genentech, it added.

Domestic sales were at 1,04,129 units as against 76,002 units in April 2025, up 37%, Royal Enfield, a part of the Eicher Motors group, said in a statement.

However, exports were down 14% at 9,035 units last month as compared to 10,557 units in April 2025, it added.

"We have started the new financial year with strong momentum, setting the tone for an exciting and important year ahead. April 2026 was special for us as we took our first step into electric mobility with the launch of the Flying Flea C6 -- which has received an overwhelmingly encouraging response," Eicher Motors Ltd Managing Director and Royal Enfield CEO, B. Govindarajan, said.

The slump in coal production is significant as coal remains the backbone of the country's power generation, accounting for over 70% of electricity output.

Coal India Ltd (CIL) produced 62.1 MT of coal in April 2025-26.

With peak summer demand pushing power consumption to record highs, the production shortfall could strain supplies to thermal plants and industries, potentially leading to higher imported coal costs, the industry leaders said.

The company had posted a net profit of ₹83.3 crore in the corresponding quarter of the previous fiscal.

The total income grew 23.6% to ₹487 crore in Q4 FY26 from ₹394 crore a year ago, the depository said in a statement on Friday.

The board of directors has recommended a final dividend of ₹4 per equity share (face value ₹2) for FY26, subject to shareholder approval.

This represents a 20% MoM increase, building on the recovery momentum seen in March, Ola Electric said in a statement.

The company's performance stood out in a month when the broader electric two-wheeler industry declined by over 22% MoM, it added.

Ola Electric was the only leading EV two-wheeler brand to grow month-on-month in April, reflecting improving customer confidence, stabilising operations, and continued demand for its expanding EV portfolio, the company said.

He succeeded D K Sunil, who superannuated on April 30.

“Ravi brings over 30 years of experience across various sectors such as A&D, manufacturing, and electronics,” the Hindustan Aeronautics Limited (HAL) said in a release.

Prior to this, he was the director (operations) at HAL, where he led strategic planning and played a key role in securing HAL's Maharatna status.

Domestic sales were up 27.9% at 32,965 units last month as compared to 25,764 units in April 2025, Tata Motors Ltd said in a regulatory filing.

International business volumes were at 1,868 units as against 1,457 units in the year-ago month, a growth of 28.2%, it added.

The contract awarded to CIL-SAM involves the design and construction of an elevated viaduct and ten elevated metro stations (excluding architectural finishing) under Jaipur Metro's Phase II expansion covering 10.8 km, Ceigall India said in a statement.

Ceigall India holds a 74% stake in CIL-SAM, while the remaining 26% is owned by SAM India Builtwell Pvt Ltd.

The company had posted a PAT of ₹161.4 crore in the fourth quarter of the preceding fiscal, Sona Comstar said in a presentation.

Its revenue for the quarter under review rose 47% to ₹1,272.30 crore from ₹868.40 crore logged in Q4 FY25.

For the full financial year, the company said its standalone PAT increased 11.52% to ₹646.41 crore against ₹579.68 crore seen in FY25, according to a regulatory filing.

The British multinational consumer goods maker "sees opportunities coming from the constraints in supply in the global market" even as its multipolar supply chain remains resilient.

"We are seeing some shortage in some local players, particularly in India and Southeast Asia, that can support our volumes, and it will make it easier to pass pricing in the future," said Fernández in the earnings call.

SIS, which currently employs nearly 3.46 lakh people, expects to hit an 'inflection point' in the current fiscal year with accelerated growth in its core 'Security Solutions' and 'Facilities Management Services', led by tailwinds such as expansion of service network and new labour codes, which simplified the regulatory framework and compliance arbitrage.

Earnings today

Around 45 companies are slated to report their March-quarter earnings. The list includes names such as Ambuja Cements, Bharat Heavy Electricals (BHEL), Aditya Birla Capital, Godrej Properties, Jindal Stainless, Tata Chemicals, Tata Technologies, Manappuram Finance, Exide Industries, Ather Energy, Petronet LNG, and KEI Industries.

Trade setup

The NIFTY50 witnessed high volatility on Friday amid intense buying at lower levels. The index hit an intraday low of 23,796, suggesting a potential downtrend. However, buying in the mid-day session pulled the indices back to an intraday high of 24,087. On the daily chart, the index managed to close above the 20 EMA level of 23,978 but below the 50 EMA level of 24,187. The index made a dragonfly doji candlestick pattern on the daily charts, suggesting a reversal of bearish momentum.

The open interest data for tomorrow’s expiry indicates that 24,000 to 24,500 remains a crucial resistance zone for the NIFTY50, with high open interest concentration at all levels. The 24,500 calls hold the highest open interest, indicating a near-term major resistance level.

On the flipside, the 24,000 puts hold the highest interest, followed by 23,800, which remains the key support level for the coming weekly expiry on May 05.