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 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

The Nify MidCap and the Nifty SmallCap indices were trading 1.33 per cent and 0.73 per cent down, respectively. 

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.

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). 

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.

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

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. 

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.

A surge in crude oil prices, a record low in the rupee, and other adverse global developments weighed heavily on investor sentiment.

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. 

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. 

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 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.

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 Apartment Fire: Good insurance and clear understanding of responsibilities can save families from long-term hardship.  Read full report here

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

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.

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

Among the broader markets, Nifty Midcap100, and Nifty Smallcap100 indices traded lower by 1.09 per cent, and 0.39 per cent, respectively.

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

At the close on Wednesday (April 29), the total market cap of all BSE Sensex companies stood at Rs 4,68,62,432.