Global markets show cautious sentiment, with US and European futures declining while Asian indices remain mixed. Both FIIs and DIIs were net sellers. Earnings from major Indian companies are awaited. Commodities stay firm, especially gold. Positive corporate developments outweigh negatives amid stable macro cues and moderate investor optimism persists.
Global Market Futures (as of 06:25 AM IST)
US Market (Futures)
- Nasdaq: -0.12%
- Dow Jones: -0.43%
- S&P 500: -0.26%
European (Futures)
- Ftse 100: -0.12%
- Cac 40: -0.23%
- Dax : -0.44%
Asian:
- NIKKEI 225: +0.61%
- KOSPI: +1.92%
- ASX 200: -0.26%
Gift Nifty (Prev Close): 24315.50 (-0.20%)
FII and DII Trading Activity April 22, 2026 in Cash
FIIs / FPIs: Net Sell of ₹2078.36 crores
DIIs: Net Sell of ₹1048.17 crores
Key Results Today:
Infosys, Tata Capital, Aditya Birla Sun Life AMC, Adani Energy Solutions, BlueStone Jewellery and Lifestyle, CIE Automotive India, Cyient, Indian Energy Exchange, Mahindra Logistics, Sterling and Wilson Renewable Energy, Tata Teleservices (Maharashtra), Union Bank of India, and UTI Asset Management Company will release their quarterly earnings today.
Commodity Market Updates
International commodity markets are trading modestly higher, with precious metals leading gains. Gold is firm near 4,768.54, while XAU/USD is around 4,750.89, both reflecting safe-haven demand. Silver is also stronger at 78.280, outperforming with steady upside momentum. Base metals show mild strength, with copper at 6.1460, indicating stable industrial sentiment. Energy markets are mixed but positive overall. WTI crude oil trades near 93.07, while Brent crude is higher at 102.17, maintaining a premium amid supply concerns. Natural gas remains relatively flat at 2.717, showing limited volatility. Overall, the commodity complex reflects cautious optimism, supported by steady demand and stable macroeconomic cues.
Key Corporate Updates:
Positive:
- Adani Green Energy: Subsidiary Adani Green Energy Twenty Six A operationalized a 292 MW solar power project at Khavda, Gujarat, supporting capacity addition and renewable execution momentum.
- Alembic Pharmaceuticals: Incorporated a subsidiary in the Philippines, indicating continued overseas expansion.
- Atishay: Secured a contract valued at Rs 19 million including taxes.
- Bandhan Bank: Received RBI prior approval for the appointment of Debasish Panda as Part-Time Chairman, strengthening board leadership visibility.
- BEL: Received fresh orders worth Rs 5.69 billion, reinforcing order inflow strength.
- Bengal Tea & Fabrics: Approved an MoU with McLeod Russell India for acquisition of a tea estate in Assam in a deal valued at Rs 450 million, indicating inorganic expansion.
- Delta Corp: Reported March-quarter consolidated revenue from operations of Rs 1.61 billion and profit of Rs 164.5 million, reflecting profitability in the quarter.
- Enviro Infra Engineers: Unit entered into an agreement to acquire PRA Bihar BESS for Rs 155.1 million, supporting expansion into energy storage-linked opportunities.
- Eveready Industries India: Inaugurated an alkaline battery facility in Jammu, adding manufacturing capacity.
- Eppeltone Engineers: Won an order worth Rs 57.4 million.
- Finbud Financial Services: Incorporated wholly owned subsidiary Zap Private Limited with authorized share capital of Rs 2 million, expanding corporate structure for future business initiatives.
- Godrej Industries: Announced a new purpose and brand identity, set an ambition of Rs 5 trillion combined market capitalization by 2031, plans to expand from three to five publicly listed platforms, and intends to list Godrej Capital within five years, indicating long-term value creation and restructuring intent.
- Infosys: Announced a strategic collaboration with OpenAI to accelerate enterprise AI transformation and unlock AI value at scale, a positive for digital and AI positioning.
- Innovision: Received an order worth Rs 31.1 million.
- Jio Financial Services: Formed a 50:50 general insurance joint venture with Allianz Europe B.V. for the Indian market, with operations to commence after regulatory approvals, marking a significant entry into insurance.
- L&T Technology Services reported solid YoY Q4 growth, with profit rising 6.8% to Rs 332.1 crore and revenue up 8.3% to Rs 2,857.9 crore. EBIT surged 23.6%, boosting margins to 15.2%. The board recommended a Rs 40 FY26 dividend and appointed Rajeev Gupta as CFO and Executive Director.
- Lemon Tree Hotels: Signed two license agreements in Raipur and Jalandhar through unit Carnation Hotels, supporting asset-light expansion.
- Lupin: Launched Dapagliflozin and Metformin Hydrochloride Extended-Release Tablets in the United States, expanding its US product portfolio.
- Magson Retail and Distribution: Re-appointed Rajesh Emmanuel Francis as Managing Director, ensuring management continuity.
- Omaxe: Received RERA registration for the Omaxe Royal Nest project in Ludhiana, enabling project rollout.
- Oracle Financial Services Software: Reported March-quarter consolidated revenue from operations of Rs 20.65 billion and net profit of Rs 8.42 billion, and recommended a dividend of Rs 270 per share for FY2025-26, reflecting strong earnings and shareholder payout.
- SBI Life Insurance: Reported Q4 net premium income of Rs 276.84 billion, PAT of Rs 8.05 billion, and FY26 VNB margin of 27.5%, indicating healthy operating metrics.
- Studds Accessories: Approved incorporation of a wholly owned subsidiary in Italy, supporting overseas expansion in Europe.
- Tech Mahindra: Reported Q4 consolidated revenue from operations of Rs 28.58 billion and net profit of Rs 3.32 billion, recommended a final dividend of Rs 40 per share for FY2026, appointed Rajeev Gupta as Executive Director and CFO for three years from April 2026, reiterated a 13-15% CAGR aspiration over the next five years with 16-17% EBIT margins, and indicated resilient trends across communications, Europe, aerospace, industrial manufacturing and autos.
- Texmaco Rail & Engineering: Secured an order worth Rs 76.7 million.
- Trent: Reported Q4 consolidated revenue from operations of Rs 50.28 billion and net profit of Rs 4 billion, approved fundraising of up to Rs 25 billion via equity issuance, recommended a dividend of Rs 6 per share for FY2026, and approved a 1:2 bonus share issue subject to approvals.
- Umiya Tubes: Received an order from Cocreate Global Technologies worth Rs 96.4 million.
- Unimech Aerospace: Approved investment of up to Rs 4.50 billion for acquisition of Hobel Bellows Co, indicating a meaningful inorganic growth step.
- Zodiac Energy: Received a letter of intent for a turnkey solar power project in Zambia, supporting international project pipeline growth.
Negative:
- Capricorn Energy / Deltic Energy: Confirmed discussions regarding a possible offer for Deltic Energy but stated there is no certainty that any firm offer will be made or on what terms, which keeps transaction visibility uncertain.
- Container Corporation of India: Announced that Harish Chandra will cease as CFO, though Vivek Gupta has been appointed as replacement.
- Esha Media Research: Raman Seshadri Iyer resigned as CFO.
- Hindustan Tin Works: Received a tax order amounting to Rs 37.4 million.
- Interarch Building Solutions: Received a tax demand of Rs 31.1 million.
- Juniper Hotels: Received a tax demand notice of Rs 258.3 million.
- Kairosoft AI Solutions: Sagar Khurana resigned as Managing Director.
- KDJ Holidayscapes and Resorts: Chairman Nimeshkumar Ganpatbhai Patel resigned, though Ravikumar Gaurishankar Patel has been appointed as new Chairman.
- Reliance Communications: CBI conducted a seizure operation at the company’s Mumbai premises and seized documents related to NCDs and commercial papers issued to LIC; while the company said operations and financials are not expected to be impacted and business continues normally, the regulatory overhang remains negative.
- Tata Communications: Announced Q4 consolidated income from operations of Rs 65.54 billion and net profit of Rs 2.63 billion, while profit was reported down 74% YoY despite a final dividend of Rs 17.50 per share, indicating earnings pressure.
Neutral / Others
- Pearl Green Clubs and Resorts: Appointed Hemantsingh Naharsingh Jhala as Managing Director for five years.
- Uday Jewellery Industries: Appointed Sanjay Kumar Sanghi as Chairman and Managing Director.
- Addi Industries: Appointed Sandeep Mittal as CFO.
- Arvind: Incorporated subsidiary Arvind Atelier (FZC) in Sharjah, UAE.
- Jindal Capital: Board approved an increase in authorized share capital to Rs 220 million.
- MAS Financial Services: Will consider fundraising through commercial papers and private placement of non-convertible debentures.
- Paisalo Digital: Will consider issuance of non-convertible debentures.
- Reliance Industries / JioStar: IndiCast Media Distribution Private Limited has amalgamated with JioStar as part of internal restructuring.
Non-Corporate, Unlisted & Foreign / Macro
1) Brent Crude / U.S. Energy Complex: Brent crude rose more than $3 to the session high, while U.S. crude, gasoline and diesel futures also advanced after EIA data showed surprise fuel stock draws despite a crude stock build, implying firmer global energy pricing sentiment.
2) Delta Air Lines / IndiGo: Delta TechOps will provide support for 20 engines powering IndiGo’s A320CEO fleet under the arrangement, reflecting an operational support partnership in aviation.
3) Flexsys: Will raise prices for insoluble sulfur grades and package types sold in India by $0.75/kg for shipments on or after May 1, indicating pricing action in specialty chemicals.
4) India CENBANK Deputy Sankar: Said the clearing corporation should have a global presence going forward, reflecting policy and market infrastructure commentary.
5) RBI - Currency in Circulation: Currency in circulation increased by Rs 612.03 billion to Rs 42.29 trillion in the fortnight to April 15.
6) RBI - FDI Companies / PPIs / MPC Minutes: RBI released the draft Master Direction on Prepaid Payment Instruments, published data on finances of foreign direct investment companies for 2024-25, and issued minutes of the Monetary Policy Committee meeting held April 6-8, reflecting key regulatory and macro-financial updates.
7) Warner Music Group / Warner Chappell Music India: Jay Mehta was appointed to lead Warner Chappell Music India, alongside the launch of direct operations in India, marking expansion in the music publishing market.
8) Election / Macro Headline: Report on voter disenfranchisement ahead of a critical state election remains a broader non-corporate development with potential governance and sentiment relevance, but no direct listed company implication.
Bulk and Block Deals:
BlackBuck
Quant Mutual Fund acquired a 1.1% stake in BlackBuck by purchasing 20 lakh shares through two transactions totaling Rs 124 crore. The shares were bought at Rs 620 each, indicating a significant investment by the fund in the logistics platform, likely reflecting confidence in the company’s growth potential and long-term prospects in India’s transport ecosystem.
Mufin Green Finance
Tata Mutual Fund purchased a 1.66% stake in Mufin Green Finance by acquiring 33 lakh shares worth Rs 37.36 crore at Rs 113.23 per share. Meanwhile, Futuristic Trade DMCC and Incofin India Progress Fund partially exited, selling stakes worth Rs 11.14 crore and Rs 17.49 crore, respectively. Despite the sale, Incofin retained a 7.31% stake as of March 2026.
On-going IPO:
Last Date 27-Apr
-Adisoft Technologies Ltd (NSE SME)
-Leapfrog Engineering Services Ltd (BSE SME)
Upcoming IPO:
NIL
Securities Trading Ex-Dividend on April 23, 2026
CRISIL Ltd, Huhtamaki India Ltd, Schaeffler India Ltd
Securities Under F&O Ban on April 23, 2026
SAIL
Source: WOWNEWS24X7, Moneycontrol, Investing.com
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