Date: 30-April-2026 📈Peerless Securities Equity INSIGHTS 30Apr2026
Yesterday’s Market Recap
* Nifty: 24,177 (+0.76%) Nifty 50 rebounded after a day of profit booking and rallied sharply towards 24,350 to fill the bearish gap of April 23, but could not hold on to all the gains toward the end. Nifty 50 needs to convincingly surpass and sustain above the 24,350 zone for a further move towards the 24,500–24,600 hurdle. Until then, consolidation with range-bound trading may be seen in the market, with support placed at 23,950–23,900 (around the 20dma),
* Bank Nifty: 55,403(0.01%) The index formed a small bearish candle with a noticeable upper wick and a small lower wick, highlighting its continued inability to hold higher levels. Resistance: The index has faced resistance at the 50-day EMA (56,230) for the last four consecutive sessions, signalling a crucial barrier for any further upmove towards long-term moving averages. Support for Bank Nifty is placed in the 54,800–54,600 zone.
* Sensex: 77,496(+0.79%) Resistance lies around 78,200. Support will be placed at 76,632.
* Bankex: 62,318(-0.07%) Resistance is at 62,600 while Support will be at 61,820 levels.
*Sectoral upside Sectorally, the trend remained mixed. Auto, IT, FMCG, and realty indices rose around 1% each.
*Sectors on downwardPSU banks, media, and consumer durables indices declined 0.5% each, capping overall market gains.
💸FII/DII data & India VIX FII: - Rs 2,468 cr DII: +Rs 2,262 cr India VIX: 17.44(-3.38%)
🌍 Global Cues
* Asia-Pacific markets trading mixed, tracking overnight losses in key Wall Street benchmarks. ( Nikkei down 1.1% KOSPI up 0.37%, Hang Sang up 1.1%).
* US market fell as oil prices took a leg higher after Axios reported that Trump has rejected Iran’s proposal to reopen the Strait of Hormuz and said that the U.S. naval blockade will stay in effect until a deal addressing concerns about the Middle Eastern country’s nuclear program is reached.
💫 Key Trigger & Signal- * U.S. equities moved lower on Wednesday, while oil prices continued their rally amid a U.S. blockade of Iranian ports and after the Federal Reserve left its key interest rate unchanged.
* GIFT Nifty is trading down by 90 points.
🛢️ Commodities & Currency Check * Brent Crude: *~$112.31 (up 7.75%) * US/INR is up at 94.85( + 0.20%) * Gold: Down at $4569 * Silver:Trading flat at $72.25.
🕐 Stocks in Focus (Q4 Results )
|Bajaj Finance Q4 (Consolidated YoY)*Profit grows 22% to Rs 5,553 crore Vs Rs 4,546 crore Net interest income increases 20% to Rs 11,781 crore Vs Rs 9,808 crore
|Schaeffler India Q1 (Consolidated YoY) Profit soars 25.6% to Rs 316.1 crore Vs Rs 251.6 crore Revenue surges 18.9% to Rs 2,585.6 crore Vs Rs 2,174.4 crore
| Star Health and Allied Insurance Company Q4 (YoY)strong> * Profit surges 218.3x to Rs 111.3 crore Vs Rs 0.51 crore * Net premium earned grows 13.9% to Rs 4,327.2 crore Vs Rs 3,798.3 crore
|Motilal Oswal Financial Services Q4 (Consolidated YoY) Loss widens to Rs 219.11 crore Vs loss of Rs 63.19 crore Revenue spikes 125% to Rs 2,676.2 crore Vs Rs 1,190.3 crore
|MAS Financial Services Q4 (Standalone YoY) Profit jumps 23.4% to Rs 99.7 crore Vs Rs 80.8 crore Net interest income soars 29.1% to Rs 292.2 crore Vs Rs 226.3 crore.
|Navin Fluorine International Q4 (Consolidated YoY) Profit zooms 124% to Rs 212.6 crore Vs Rs 95 crore Revenue spikes 33.8% to Rs 937.7 crore Vs Rs 700.9 crore.
|IIFL Finance Q4 (Consolidated YoY) Profit surges 182.6% to Rs 586.8 crore Vs Rs 207.7 crore Revenue grows 42.5% to Rs 3,692.5 crore Vs Rs 2,591.3 crore
Results Today Hindustan Unilever, Bajaj Finserv, Adani Ports and Special Economic Zone, ACC, Aster DM Healthcare, Central Bank of India, Cholamandalam Investment and Finance Company, Edelweiss Financial Services, Equitas Small Finance Bank, IDBI Bank, IndiaMART InterMESH, Dr Lal PathLabs, Laurus Labs, Mazagon Dock Shipbuilders, National Aluminium Company, National Securities Depository, RailTel Corporation of India, R R Kabel, Sona BLW Precision Forgings, and Sundram Fasteners.
💡 Strategy for 30Apr26 * Lower opening expected in Nifty tracking mostly negative global cues as crude oil went up sharply. * Oil prices rose after The Wall Street Journal, citing U.S. officials, reported that President Donald Trump has told aides to prepare for an extended blockade of Iran. * Sentiment remains largely influenced by uncertainty around US-Iran negotiations, which have kept crude prices elevated. * Amongst the sectors energy, metals, capital market, and pharma stocks to show relative strength.