PRE-MARKET INDIAN STOCKS NEWS
The Indian market is seeing several corporate earnings reports coming in, notably Bajaj Auto's Q4 FY26 EPS exceeding expectations, and analysts projecting strong earnings growth for NSE stocks.
[MARKET UPDATE] Immediate downside seen in USD/JPY moving from 157.20 to 156.00 in under 2 minutes; Japanese markets are closed from May 3rd-6th; some have suggested this could be a good time for intervention, given muted activity and volumes
[MARKET UPDATE] USD/JPY continues to incrementally edge higher following earlier volatility, with the pair at session highs of 157.25 having earlier printed a 156.59 low; newsflow has been light in recent trade; Japanese traders away till May 6th
PRE-MARKET INDIAN STOCKS NEWS
Australian PM Albanese said Australia signed a joint declaration on economic security cooperation with Japan; agreement will make the countries more resilient to economic shocks and uncertainty
"Despite the war, Iran continues to export to six key markets, including China, India, Russia, Turkey, Oman and Armenia", SNN reports citing the Iranian Bushehr Chamber of Commerce
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- Adani Power (ADANIPOWER IS) - Co. was identified as a long-term momentum stock due to rising power demand. (Univest)
- Aditya Birla Sun Life AMC (ABSLAMC IS) - Co. was identified as a momentum stock, supported by structural growth in India’s asset management industry as the investor base crossed 129mln in March 2026. (Univest)
- Bajaj Auto (BJAUT IS) - Co. Q4 FY26 EPS was INR 91.30, above analyst estimates of INR 88.73. (NSE)
- Bajaj Consumer Care (BJCORP IS) - Co. was highlighted as a swing-trading watchlist stock with a breakout level of INR 276. (Univest)
- DLF (DLFU IS) - Co. was highlighted as a deep-value stock trading at a steep discount to its 52-week high. (Jefferies)
- Healthcare Global Enterprises (HCG IS) - Co. was highlighted as a swing-trading watchlist stock with a breakout level of INR 746. (Univest)
- HDFC Bank (HDFCB IS) - Co. remained in focus after shares rose 1.9% in the final sessions of April, with heavy financials leading the market recovery. (Reuters)
- Kotak Mahindra Bank (KMB IS) - Co. was expected to report Q4 FY26 revenue of roughly INR 238bln and PAT of INR 45.5bln, with investors watching for a final dividend of INR 2.50-5.00/shr. (Univest)
- MakeMyTrip (MMYT US) - Co. was said to be nearly 45% undervalued following recent India listing plans, with a fair value estimate of USD 88.10. (Simply Wall St.)
- Mazagon Dock Shipbuilders (MAZDOCKS IS) - Co. was highlighted as a deep-value stock trading at a steep discount to its 52-week high. (Jefferies)
- MCX India (MCX IS) - Co. operated its evening commodity trading session on 1 May despite the main equity market closure for Maharashtra Day. (NSE)
- Neuland Laboratories (NLL IS) - Co. was highlighted as a swing-trading watchlist stock with a breakout level of INR 17,555. (Univest)
- PCBL Chemical (PCBL IS) - Co. Q4 results were mixed as domestic sales rose 21%, while international volumes fell 10% due to shipping disruptions in the Strait of Hormuz. (Investing.com)
- State Bank of India (SBIN IS) - Co. remained in focus as part of the current Q4 earnings cycle. (5paisa)
- Suzlon Energy (SUEL IS) - Co. was highlighted as a deep-value stock trading at a steep discount to its 52-week high. (Jefferies)
- Swiggy (SWIGGY IS) - Co. remained in focus ahead of expected Q4 results, with analysts projecting revenue of INR 42bln-46bln. (Univest)
- Tata Consumer Products (TATACONS IS) - Co. remained in focus as part of the current Q4 earnings cycle. (5paisa)
- Titan Co. (TTAN IS) - Co. remained in focus as part of the current Q4 earnings cycle. (5paisa)
- Trent (TRENT IS) - Co. was highlighted as a deep-value stock trading at a steep discount to its 52-week high. (Jefferies)
- Vedanta (VEDL IS) - Co. confirmed 1 May 2026 as the effective date for its demerger, with existing shareholders to receive one share in each of Vedanta Aluminium, Vedanta Power, Vedanta Oil & Gas, and Vedanta Steel & Ferrous. (Company Filing)
- India Market Strategy - Ministry of Finance said April GST revenue rose 8.7% Y/Y to a record INR 2.43trln. (PIB)
- India Market Strategy - Analysts expect 15% earnings growth for top NSE stocks in FY 2026, with greater resilience than the previous fiscal year. (Bernstein)
- India Market Strategy - National Stock Exchange is reportedly on track to file its DRHP by June 2026 for a long-awaited public listing. (Moneycontrol)
- India Aviation Sector - State-run oil marketing companies kept aviation turbine fuel prices unchanged on 1 May despite volatility in global crude markets. (The Hindu)
- India Earnings Calendar - Aarti Industries (ARTO IS), Aditya Birla Capital (ABCAP IS), Ambuja Cements (ACEM IS), Bharat Heavy Electricals (BHEL IS) and Tata Chemicals (TTCH IS) are scheduled to report results from 4 May. (Sensibull)
The noteworthy performances could signal a positive recovery in the financials and overall market sentiment. Investors should focus on the earnings outlook and potential momentum from highlighted stocks like Adani Power and MakeMyTrip, which may drive broader market trends.
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