NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on April 28

The Indian equity benchmarks are set to stage a gap down opening on Tuesday, April 28, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad dropped 123 points to 23,997 amid weak cues from Asian markets.

SENSEX and NIFTY50, closed in the green on Monday, April 27, amid broad-based buying and positive global cues. The NIFTY pharma and consumer durables sectors were among the top sectoral winners.

On Friday, the foreign institutional investors (FIIs) sold shares worth ₹8,827.87 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹4,700.71 crore on a net basis, according to exchange data.

Asian markets

Asian markets were trading lower on Tuesday as crude oil prices surged close to $110 per barrel.

Japan's Nikkei fell 0.6%, Hong Kong's Hang Seng declined 0.54%, China's Shanghai Composite dropped 0.11% and South Korea's KOSPI rose 0.9%.

Wall Street update

The US stock market’s record-breaking rally slowed on Monday after uncertainty rose over the weekend about what will happen next in the Iran war, while oil prices rose.

S&P 500 index rose 0.12%, Dow Jones Industrial Average declined 0.13% and tech heavy Nasdaq advanced 0.2%.

Expiry day trade setup

The NIFTY50 formed an inside bar candlestick pattern on daily charts, after the index bounced back from the daily 20 EMA levels of 23,951. The chart also shows that the index continues to face resistance at the 50 EMA level of 24,200. The 200 EMA level remains at 24,800, which is the long-term resistance for the index. Experts believe a closing above the 50 EMA could pave the way for the 200 EMA level.

Ahead of the monthly expiry, the open interest data indicates that the 24,000 level is a strong support for NIFTY50 due to the highest open interest on the put strike price. On the flipside, 24,500 calls hold the highest open interest, indicating a strong resistance for NIFTY50.

FII/DII activity

Foreign institutional investors sold shares worth ₹1,151 crore on Monday while domestic institutional investors bought stocks worth ₹4,124 crore, as per NSE data.

Stocks to watch

Coal India Ltd (CIL) logged a consolidated net profit of ₹9,751.64 crore in the year-ago period.

In a filing to the BSE, the Maharatna firm said its revenue from operations rose to ₹46,490.03 crore from ₹43,961.56 in the corresponding quarter of the previous fiscal year.

The consolidated expenses of the company during the fourth quarter of the previous fiscal year rose ₹Rs 37,107.07 crore compared to ₹34,999 crore in the year-ago period, CIL said in a filing to the BSE.

The Delhi-based lender had earned a net profit of ₹313 crore in the year-ago period.

Total income moderated to ₹3,457 crore from ₹3,836 crore a year ago, Punjab & Sind Bank said in a regulatory filing. Interest income too declined to ₹3,030 crore from ₹3,159 crore.

The bank had earned a net profit was ₹504 crore in the year-ago quarter.

During the latest fourth quarter, the bank's total income increased to ₹5,750 crore from ₹5,031 crore in Q4FY25, AU Small Finance Bank said in a regulatory filing.

The initiative is supported by the Department of Biotechnology and the European Commission and brings together leading global and Indian institutions to develop technology-driven solutions for mosquito-borne disease management, Max Healthcare Institute said in a statement.

Jindal Saw: Jindal Saw on Monday posted over 42% rise in profit to ₹123.68 crore for the quarter ended March 2026, helped by reduction in expenses.

It had reported a net profit of ₹86.92 crore for the same period a year ago, the company said in an exchange filing.

The company had reported a loss of ₹32 crores during the corresponding quarter of the previous financial year, Rallis India said in a regulatory filing.

Revenue from operations of the company increased by 6.04% to ₹456 crore compared to ₹430 crore in the corresponding quarter of the previous year.