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Informist, Monday, Apr. 27, 2026

 

By Arundathi A R

 

MUMBAI – The domestic equity market is expected to consolidate Tuesday following improved investor sentiment on renewed hopes of US-Iran peace talks. Analysts anticipate a sharp rally in the event of a deal between the US and Iran. Brent crude oil prices will be closely watched as they hover around $100-$105 per barrel for the fourth straight session. The March quarter results of some Nifty 50 constituents, including Maruti Suzuki India, scheduled for Tuesday, will also be in the spotlight.

 

Iran's Foreign Minister Abbas Araghchi arrived in Russia for talks with President Vladimir Putin, as Tehran geared up its diplomatic efforts to end the war with the US, Al Jazeera reported. US President Donald Trump said Sunday that Iran could ‌reach out to the US if it wants to negotiate an end to the war. Trump also cancelled a planned visit to Pakistan by US envoys, who were expected to engage in indirect talks with Iran. "If they want to talk, all they have to do is call!," Trump said on his social media platform Truth Social on Saturday.

 

"A double-digit earnings growth is expected in FY27 (2026–27) and FY28, with a low base of FY26 and nominal GDP growth of 10.5%," the head of strategy equities at a top brokerage firm said. He said the valuations are in a comfortable zone and expects the market to offer good opportunities for investors over the next two to three years.

 

Monday, the Nifty 50 settled at 24092.70, up 194.75 points or 0.8%. The BSE Sensex ended at 77303.63, up 639.42 points or 0.8%. Analysts expect the Nifty 50 to face resistance at 24300 and find support at 23800. 

 

"... the risk-reward is highly favourable for high growth and good quality business, wherein valuation as well as earnings growth both are in favour for long-term investing," Vinay Paharia, chief investment officer at PGIM India Mutual Fund, said in a monthly equity outlook note.

 

Outflows from foreign institutional investors continued for the fifth consecutive session. FPIs net sold shares worth INR 88.28 billion on Friday. "... in the near term, the volatility in the flows will be much higher, but there could be a possibility of some kind of stabilisation," the head of strategy said. On the other hand, domestic investors continued buying, purchasing shares worth INR 47.01 billion Friday.

 

The rupee ended a tad higher against the dollar, snapping its five-day losing run. "However, the mood remains apprehensive as investors are still worried about tensions in West Asia and higher crude oil prices, which continue to weigh on global sentiment," Nandish Shah, deputy vice president at HDFC Securities, said in a note. The Indian rupee settled at 94.1900 a dollar Monday, against 94.2475 on Friday. 

 

Fitch Ratings has affirmed Oil India's long-term foreign-currency issuer default rating at 'BBB-', with a stable outlook. It sees the company's upstream earnings before interest, tax, depreciation, and amortisation to rise by around 25% in FY27. The company's capital expenditure intensity is expected to be 37% in FY27, compared with 36% in FY25. "We expect the Iran war to be positive for OIL's credit metrics, given higher crude oil prices and GRMs (gross refining margins), and that NRL's (Numaligarh Refinery) crude requirements are mostly domestically sourced," Fitch Ratings said.

 

On the earnings front, Maruti Suzuki India and Eternal will announce their March quarter earnings Tuesday. Maruti Suzuki is expected to post a net profit of INR 41.14 billion, up 11% on year. Its revenue is expected to rise 27% on year to INR 514.98 billion. Online food-ordering and delivery platform company Eternal's consolidated revenue is expected to rise to over three times on year, reaching INR 179.45 billion. Its net profit is expected to rise nearly fourfold to INR 1.50 billion.

 

Canara Robeco will detail its March quarter results later Friday. Its net profit is expected to decline by 25% sequentially to INR 395 million, mainly due to lower yields. The asset management company's revenue is expected to be INR 1.03 billion in the March quarter, down over 6% sequenitally. The stock ended 2.4% higher ahead of the results.  End

 

Edited by Saji George Titus

 

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