Stock Market Highlights: Indian equity benchmarks opened lower on Thursday as oil prices have surged to $126 amid US-Iran stand-off. Also, US President Donald Trump has said that he will maintain the blockade on the Strait of Hormuz.
At the open, Sensex fell over 680 points while NSE Nifty50 was down over 200 points. Separately, the rupee opened 16 paise lower at 95.01 against the US dollar compared to Wednesday's close of 94.85 a dollar. However, both the indices extended losses as the session progressed.
At the close, Sensex was down 580 points while NSE Nifty50 slipped 180 points.
Precious metals gained on heightened global uncertainty, with gold and silver futures rising 0.70 per cent and 1.80 per cent, respectively.
Meanwhile, exit poll results for five states (which came out last night) are expected to drive investor sentiments in India. Notably, this is the last trading day of the week as Friday (May 1) will be a stock market holiday.
Highlights Of Stock Market, Sensex Today, Nifty, Share Market
Indian Exporters Can Now Claim US Tariff Refunds Worth Over $150M With Skydo
Indian exporters impacted by US tariffs imposed under the International Emergency Economic Powers Act (IEEPA) will now have an opportunity to recover duties paid, following recent legal developments in the U.S. Skydo, in partnership with Intoglo, is helping exporters navigate this time-sensitive refund process by identifying eligible shipments, managing filings, and enabling access to US-local accounts to receive refunds directly.
The opportunity follows the US Supreme Court's February 20, 2026 ruling, in which the Court struck down the tariffs, overturning duties introduced under the Trump administration. As a result, duties paid between August 27, 2025 and February 6, 2026 are now eligible for refund claims, subject to filing requirements.
Rupee At Record Low: Oil-Dollar-War Trap Outweighing RBI's Countermoves?
Rupee Fall: On Thursday, the cumulative impact of the oil-dollar-war brought Indian rupee to its record low of 95.20 against the dollar. Read full report here
Share Market Today: Broader Markets Under Stress
The Nify MidCap and the Nifty SmallCap indices were trading 1.33 per cent and 0.73 per cent down, respectively.
Cognizant Reports First Quarter 2026 Results
Revenue growth in upper half of guidance range; double digit adjusted EPS growth year-over-year; 21% quarterly bookings growth, driven by seven large deals.
Share Market LIVE Updates: HUL Shares Slip 3% Despite 20% Growth In Q4 PAT
Shares of FMCG major Hindustan Unilever Ltd (HUL) slipped over 3 per cent in today's trade after the company reported its Q4FY26 results, with profit after tax (PAT) surging 20 per cent year-on-year (Y-o-Y).
Thomas Cook India Expands Its Prepaid Forex Cards To 28 Currencies
As Indian travellers become increasingly global and digitally adept, expectations around overseas payments are evolving rapidly. Convenience, security and speed have become central considerations, particularly amid shorter booking cycles and a growing preference for cash‑light travel. Today's global Indian traveller seeks secure, transparent and seamless payment solutions that work effortlessly across destinations. Responding to these shifts, Thomas Cook (India) Limited - India's leading omnichannel foreign exchange services company, has announced a significant expansion of its prepaid Forex Card portfolio to 28 currencies, with the addition of 16 new global currencies - creating one of India's widest currency portfolios on a prepaid forex card. This move reinforces the Company's leadership in travel and forex innovation, aligned with its focus on enabling smarter, secure and more efficient international travel experiences.
From 'FOMO' to 'FOWT': Why Is Gen Z Hitting A Pause On Stocks?
Share Market News: Gen Z are trying to understand it better before stepping in again. Experts say 'fear of wrong timing' shouldn't hold them back. Read full report here
Stock Market LIVE Updates: Check 12 PM Market Update
As of 12:00 PM, the Nifty50 was 1.39 per cent or 332 points down at 23,842.70, and the Sensex was trading 1.40 per cent or 1,007.48 points down at 77,414.13.
Share Market News: Rupee Falls To All-Time Low
Due to a combination of internal and international forces, the Indian rupee continued to decline on Thursday, April 30, breaking the 95-per-dollar mark and reaching an all-time low.
Share Market Today: Check BSE Sensex Heatmap
Sensex, Nifty Today Live: Why Is Stock Market Down Today?
A surge in crude oil prices, a record low in the rupee, and other adverse global developments weighed heavily on investor sentiment.
Stock Market LIVE Updates: OMCs Under Pressure As Crude Tops $126
Shares of oil and gas companies came under pressure on Thursday (April 30) as the Nifty Oil & Gas index declined 1.65 per cent, tracking a sharp surge in global crude oil prices, with futures crossing the $126 per barrel mark. The soaring oil prices also weighed on broader market sentiment, with the benchmark Nifty 50 index falling 1.55 per cent to the 23,800 mark during intraday trade.
Stock Market LIVE Updates: Waaree Energies Plunges 11% After Q4 Miss
Waaree Energies share price plunged nearly 11 per cent on the BSE on Thursday as investors dumped the stock amid a sharper-than-expected contraction margins in March quarter (Q4FY26) results.
Share Market News: Investors Lose Rs 8 Lakh Crore
The total market cap of all 30 BSE Sensex companies has fallen to Rs 4,60,87,340. It was at Rs 4,68,62,432 at the close on Wednesday.
KRA Group Announces Entry into Urban Infrastructure Development with Launch of Anand Habitat
KRA Group has announced its entry into the urban infrastructure and real estate development space with the launch of Anand Habitat, a new development platform focused on engineering-led construction and connectivity-driven urban ecosystems. Anand Habitat is focused on identifying underexplored locations in NCR and giving them an ultra-urban transformation. The brand is expected to unveil its new project within next quarter.
The move marks a strategic expansion for the group, which brings over five decades of infrastructure execution experience into the next phase of urban development. Anand Habitat has been conceived as the real estate arm of the group, with a vision to build integrated, transit-led destinations that redefine how India lives, works, and connects.
US Fed Policy: Expert View By Rajesh Palviya
Rajesh Palviya, Head of Research, Axis Direct
The Federal Reserve's decision to hold rates steady at 3.50%-3.75% reflects a central bank firmly in 'wait-and-watch' mode, as inflation remains stubbornly above its 2% target despite a resilient labor market. This cautious pause signals that rate cuts are not on the immediate horizon. For Indian equity markets, the pause provides measured relief, easing FPI outflow pressure, supporting rupee stability, and keeping import costs in check. However, with global rate cuts delayed, markets may stay range-bound in the near term. India's structural growth story remains strong. Medium-term investors should focus on domestic-demand-driven sectors with earnings visibility. The RBI's rate trajectory and geopolitical developments will be the true guides for the Nifty and Sensex going forward.
Ghaziabad High-Rise Fire: Who Pays After The Smoke Clears
Ghaziabad Apartment Fire: Good insurance and clear understanding of responsibilities can save families from long-term hardship. Read full report here
Sensex, Nifty Live: Check Expert View By InvestorAi
THE THESIS
Brent surged 8% to $120 overnight on Trump's Iran blockade threat and Strait of Hormuz tail-risk - yet India VIX eased to 17.35 and DIIs absorbed FII selling. InvestorAi's book is built for stagflation hedging: domestic energy producers, defensives, and USD-earning exporters - not the cyclical chase Nifty's intraday rally to 24,334 would suggest.
WHERE WE'RE CONCENTRATED
The conviction clusters around four resilient themes - domestic energy security, defensive consumption and pharma, telecom cash flows, and select financials with idiosyncratic catalysts. The thesis breaks if Iran de-escalates rapidly: defensives compress, FII flows reverse, and unhedged cyclicals lead. Until then, this is a portfolio sized for crude staying bid.
CONVICTION PICKS
HIGHEST CONVICTION
RBL Bank
Idiosyncratic franchise turn against a tape where broad banking is range-bound on rate uncertainty.
MACRO ANCHOR
Coal India
Domestic energy hedge as imported crude squeezes margins across the rest of the economy.
DEFENSIVE CORE
Sun Pharmaceutical
USD-earning export franchise that benefits from INR weakness in a high-crude regime.
Bharti Airtel
Pricing power and inelastic demand - the cleanest defensive cash-flow play in this tape.
Indian Oil Corporation
Counterintuitive PSU refiner call - government pricing dynamics may insulate margins better than private peers.
ONE THING TO WATCH
Brent above $125 or any Strait of Hormuz incident validates the defensive book. A ceasefire headline below $110 inverts it
Stock Market Today: Check Expert View By CoinSwitch Markets Desk
BTC hovered near the $75K level after the Fed kept rates unchanged for a third straight meeting, as Fed pointed to elevated energy prices and ongoing Middle East tensions. This suggests financial conditions may stay tight for now, which can moderate near-term risk appetite across markets. At the same time, derivatives positioning shows annualised funding rates in negative territory, indicating traders are leaning cautious. Such setups can sometimes support upside if prices remain stable and selling pressure is absorbed. For now, $75K continues to act as a key support, while $76.5K is the immediate resistance.
Stock Market Today: Check NSE Nifty Gainers
Share Market LIVE: Q4 Results Today
- ACC
- Acutaas Chemicals
- Adani Ports and Special Economic Zone
- Aster DM Healthcare
- Bajaj Finserv
- Central Bank of India
- Capri Global Capital
- Cholamandalam Investment and Finance Company
- Edelweiss Financial Services
- Equitas Small Finance Bank
- Eveready Industries India
- Go Fashion (India)
- Godrej Agrovet
- HFCL
- Hindustan Unilever
- IDBI Bank
- Ideaforge Technology
- IndiaMART InterMESH
- Indus Towers
- Kajaria Ceramics
- KSB
- Dr. Lal PathLabs
- Laurus Labs
- Mazagon Dock Shipbuilders
- National Aluminium Company
- Newgen Software Technologies
- National Securities Depository
- PCBL Chemical
- PSP Projects
- RailTel Corporation of India
- RR Kabel
- SIS
- Smartworks Coworking Spaces
- Sona BLW Precision Forgings
- Sundram Fasteners
- Usha Martin
- Welspun Specialty Solutions
8th Pay Commission: Deadline Extended, Basic Pay, Pension Demands Explained
8th Pay Commission: NC-JCM had requested the Commission to extend the last date for submitting employee demands (memorandums) from April 30 to May 31. Read full report here
Share Market Live: Check BSE Sensex Heatmap
Stock Market LIVE Updates: Borader Markets Trade Lower
Among the broader markets, Nifty Midcap100, and Nifty Smallcap100 indices traded lower by 1.09 per cent, and 0.39 per cent, respectively.
Gold vs Personal Loan: Which Is Better For Borrowing Under Rs 5 Lakh
While gold loans charge lower interest rates, personal loans offer a longer repayment duration. Experts say the choice changes as per user's need. Read full report here
