Sensex Today | Stock Market Highlights: Sensex, Nifty end higher but off highs; midcaps underperform

That’s all from CNBCTV18.com‘s live market coverage on April 29, 2026. Stay tuned for other updates on our website: CNBCTV18.com.You can follow us on Twitter: @CNBCTV18Live @CNBCTV18NewsAnd on Facebook, LinkedIn, Instagram and TelegramDownload our mobile app for Android and iOS platform

Mayuresh Joshi, Director Research, Marketsmith India

“ITC might consolidate, very honestly. I think as far as cigarette prices are concerned, the market is gestating the fact that price increases and hikes will take place, which will obviously play out positively in terms of cigarette numbers on an absolute basis. However, volumes might still remain very stagnant with the price increases that we’ve seen. As far as the other businesses are concerned, the foray that ITC is making into developing other FMCG products, as we speak, will entail a large part of its capital allocation towards those products. Therefore, I think ROCs might just remain trimmed for some period of time, unless these products are launched and achieve some element of scale. But you might see some amount of positive reaction coming through as far as the core cigarette business is concerned, which still is a cash cow for ITC as it goes into the numbers. For the next few quarters, there is no negative news expected in terms of tax rates and tax slabs, and so on and so forth. However, I think it might just get into a period of consolidation, on the sheer fact of capital allocation happening towards other businesses.”

Sunil Koul, Global Emerging Market Equity Strategist, Goldman Sachs

“We have seen a global risk recovery from the lows. And I guess that’s because the market is pricing out the worst outcomes, as both parties are keen to have a deal in place. And so we have seen things retracing. But I think, as you may recall, the downgrade view we had on India was a relative call. Our sense was that everybody would be impacted by this energy crisis, which is large in magnitude, but India would be impacted much more than the rest of the EM peers or the North Asian peers. Even in the recovery rally, we did feel the market should bounce from the lows, but India should rally less than other markets, which is how it has generally played out. If you look at headline emerging market equities or Asian equities, they are back to their pre-conflict levels. In some cases, like Korea and Taiwan, where we have AI, markets are higher than their pre-conflict levels. Whereas India has bounced, but it has retraced only about 60% of its losses. So that relative view, wherein India, being a large energy importer, would be worse off compared to some of the other markets—which have stronger earnings growth because of AI—and that view we still hold. It’s a relative call where we think India lags the rest of the emerging market pack.”

On Various sectors

“Tactically over the next few months, we think it makes sense to be a bit more defensive in allocations, which means sticking to quality companies across sectors. At the margin, we like financials—particularly large-cap banks—as opposed to NBFCs, where funding costs could be higher and there is generally less asset quality comfort. As you said, within consumer, we prefer staples over discretionary and durables, and we have upgraded telcos as well. So it’s been a fairly defensive allocation. Within industrials, power continues to be a theme, we also like. Defence stocks, could get even more emphasis from governments in terms of energy and defence security, given the geopolitical backdrop. So within industrials, there are pockets that still make sense. However, anything downstream in nature—consumer durables, chemicals—we are more cautious on. Even within energy, we prefer upstream players—the E&P companies—and large refiners. But we are underweight on OMCs, especially given the higher input costs from crude. So, the allocation is very much defensively oriented, focused on quality, and on picking pockets that are relatively insulated from this energy shock.”

Net Profit At ₹509 Cr Vs ₹38.4 Cr (YoY)

NII At ₹1,298 Cr Vs ₹546.3 Cr (YoY)

Adani Power Q4

Net Profit up 52% At ₹4,017 Cr Vs ₹2,637 Cr (YoY)

Revenue At ₹14,223 Cr Vs ₹14,237 Cr (YoY)

EBITDA down 2% At ₹4,732.5 Cr Vs ₹4,812.7 Cr (YoY)

Margin At 33.3% Vs 33.8% (YoY)

Shree Digvijay Cement Q4

Sunil Koul, Goldman Sachs On CNBC-TV18

Macro Looks Tough, Impact Of Energy Prices Will Start Showing Up In Upcoming Quarter

Strong Inflows Are Unlikely In The Coming Months

Within The Emerging Markets Basket, Impact On India Is Relatively Higher

If Energy Crisis Persists, Earnings And Growth Will Remain Under Pressure

Onesource Specialty To CNBC-TV18

Semaglutide Is An Important Opportunity For Onesource

Canada Is The Largest Market For Semaglutide Outside US

Canada Is A Significant Market For Onesource

Co’s Partner DRL, Has Already Secured Approval, Expect More Partners To Follow

Launch Date Is Dependent On DRL

Co Has Capacity To Meet Semaglutide Demand, Investing $100 m To Expand It Further

Semaglutide Will Be Key To Achieving Co’s FY28 Guidance Of $400 m

Onesource’s Value Proposition Is Significantly Stronger

Pricing Is Based On Volume

Can Cover Significant Demand Of Customers

Currently Produces Around 50,000-60,000 Units/day, With Capacity To Scale Output By 2–2.5x

Capital SFB Q4

Shares of Vedanta gained more than 5% following the March quarter earnings result announcement.

The stock was trading 4.82% up at ₹774.95 as of 3 pm.

Net Profit At ₹1,259 Cr Vs CNBC-TV18 Poll Of ₹1,176 Cr

NII At ₹3,173 Cr Vs CNBC-TV18 Poll Of ₹2,854 Cr

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Net Profit (GU)22.2% At ₹1,259 Cr Vs ₹1,030 Cr (YoY)

NII (GU)33.5% At ₹3,173 Cr Vs ₹2,377 Cr (YoY)

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Gross NPA At 1.62% Vs 1.72% (QoQ)

Net NPA At 0.20% Vs 0.42% (QoQ)

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Provisions Stand At ₹741 Cr Vs ₹332 Cr (QoQ)

Sterlite tech shares rise after Q4 results

The price of benchmark Brent Crude surged further as uncertainty over the Strait of Hormuz continued.

The market has given up some of its gains while remaining in the green.

According to a senior government official, the government has produced a Cabinet note for a new investment strategy in the urea sector with the goal of encouraging additional plant capacity to close a supply deficit of about 100 lakh metric tonnes.

Dharmesh Shah, Assistant VP, ICICI Securities

The Nifty Realty index has topped the chart of sectoral indices, rising over 2%

On its mobile banking app, iMobile, ICICI Bank has implemented biometric authentication for Unified Payments Interface (UPI) transactions, enabling customers to approve payments up to ₹5,000 using fingerprint or facial recognition instead of a UPI PIN.

On Wednesday, April 29, Granules India Ltd. shares bounced back from the day’s lows to rise in reaction to the drugmaker’s fourth quarter results, which were robust in terms of operations.

Citi does not anticipate an impending promoter interest sale and anticipates the announcement of a dividend of ₹17 per share in conjunction with Bharti Airtel’s March quarter results.

On Wednesday, April 29, Bajaj Finance Ltd., one of the biggest non-bank lenders in India, will release its March quarter results, which should be better than the same quarter last year in every category.

The Nifty index is up over 300 points, and these are the top volume-based movers among the Nifty 500 stocks.