1) Fed FOMC
Global markets will watch the US Federal Reserve’s policy meeting starting Tuesday, April 28. The outcome, due Wednesday, April 29, is expected to keep interest rates unchanged at 3.50“3.75%.
2) Q4 earnings
Over 200 BSE-listed companies will announce Q4FY26 results this week. Key Nifty firms include Coal India, UltraTech Cement, Eternal, Maruti Suzuki India, Bajaj Finance, Adani Ports and Special Economic Zone (APSEZ), Bajaj Finserv, Hindustan Unilever (HUL), and Kotak Mahindra Bank.
Other closely watched companies reporting results include AU Small Finance Bank, Bajaj Housing Finance, Bandhan Bank, REC, GRSE, Adani Power, Motilal Oswal Financial Services, Vedanta, Waaree Energies, ACC, Central Bank of India, and Avenue Supermarts (DMart).
3) Iran-Israel conflict
Ceasefire talks between Iran and the US remain stuck. Planned discussions over the weekend did not happen, and Iran has indicated no immediate plans to engage with the US to end the conflict.
The war began on February 27 after joint US-Israel strikes targeting Iran’s leadership. Although tensions have eased at times, there is still no clear resolution. Earlier talks in Islamabad also failed to produce results. The direction of these negotiations will be important for global markets.
4) US markets
Indian markets will also take cues from Wall Street.
US indices ended mixed on Friday as investors stayed cautious before the Fed decision. The Dow Jones fell 127.88 points (0.16%) to 49,230.71. The S&P 500 rose 0.80% (56.68 points) to 7,165.08, while the Nasdaq Composite gained 398.09 points (1.63%) to 24,836.60.
5) Crude oil
Global oil price movements will remain a key factor.
US WTI crude futures settled at $94.88 per barrel, down $0.97 (1.01%), while Brent crude rose $0.81 (0.77%) to $105.33 per barrel.
6) FII/DII action
Foreign institutional investors (FIIs) continued to sell heavily, offloading equities worth Rs 17,140 crore during the week. Total outflows in April have reached Rs 43,967 crore, taking the total outflow for 2026 so far to Rs 1,75,089 crore.
On Friday alone, FIIs sold shares worth Rs 8,827.87 crore, while domestic institutional investors (DIIs) bought shares worth Rs 4,700.71 crore.
7) Technical triggers
Ajit Mishra of Religare Broking said the index has slipped below its key support level of 23,900 (20-DEMA), indicating a short-term downward trend. The next support is around 23,500.
On the upside, the 24,200“24,500 range may act as a strong resistance zone. Any rise towards these levels could see selling unless supported by lower oil prices and better global cues.
8) Rupee vs dollar
The rupee’s movement against the US dollar will be closely watched.
The currency fell in all five sessions last week, marking its sharpest weekly decline since September 2022. The drop was driven by concerns over the US-Iran situation and rising oil prices.
The rupee closed at 94.2475 on Friday, down 1.4% for the week. While RBI measures and hopes of easing tensions briefly supported it, gains faded as oil prices rose again.
9) Stocks on Watchlist
Vedanta will be in focus with its demerger ex-date on April 30 and record date on May 1.
Hindustan Zinc, a Vedanta subsidiary, has set April 30 as the record date for its Rs 11 per share dividend.
