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Indian markets ended strongly on April 29, 2026, as Nifty reclaimed 24,100 and Sensex surged over 600 points. Auto and FMCG stocks led gains, supported by strong earnings from Maruti Suzuki, ITC, Tech Mahindra, and Coal India, boosting overall market sentiment.

Stocks slipped globally with semiconductor names leading losses after concerns around AI growth surfaced. Oil surged amid geopolitical disruptions, while the UAE’s OPEC exit signals long-term supply shifts. For India, rising crude prices, Fed policy direction, and emerging battery technologies are critical market drivers.

An explanation of the 3 Black Crows bearish candlestick pattern with an intraday example from GRSE Ltd, showing how it signals trend reversal, selling pressure, and key trading levels.

After a strong rally, defence stocks have seen a noticeable correction, leaving investors concerned. This analysis breaks down the key factors behind the decline—from profit booking and valuation concerns to market sentiment shifts—and explains what it means for the sector’s future outlook.

Vedanta delivered its strongest-ever quarterly performance in Q4 FY26, driven by higher commodity prices, operational efficiencies, and margin expansion, while also strengthening its financial position before the planned demerger.

NIFTY 50 surged over 300 points in early trade on strong Q4 earnings but later saw profit booking, closing at 24,164. India VIX declined 3.88%.

Waaree Energies stock dropped sharply after its Q4 FY26 results, despite strong revenue and profit growth. Margin compression, profit booking, and dilution concerns weighed on sentiment, making this a short-term correction rather than a fundamental shift.

Vedanta stock saw a sharp 65–70% fall ahead of its 2026 demerger, but the drop is purely technical as the company splits into five new entities. Investors will receive shares in all new businesses, meaning no real value is lost—only redistributed.

The UAE’s decision to exit OPEC+ signals a structural shift in global oil governance, weakening coordinated supply discipline and increasing market unpredictability. While higher output could ease prices for importers like India, the near-term outlook is marked by volatility, geopolitical risks, and a gradual erosion of cartel influence in shaping global energy dynamics.

GRSE delivers impressive Q4 FY26 earnings with strong profit growth, rising revenues, and better margins, driving a sharp rally in its stock price. Here’s a quick breakdown of key financials, dividends, and performance trends.