Hindustan Unilever, Bajaj Finance, and L&T Among Top Stocks to Watch for Today

Indian Stock Market Closes Higher, But Settles with a Pullback

The Indian stock market closed higher on Wednesday, April 29, but gave up a significant portion of its intraday gains as profit booking at higher levels led to a sharp pullback in the second half of the session. The Nifty 50 dropped about 170 points from its day's peak to settle at 24,164, still ending 0.70% higher than its previous close. Similarly, the Sensex shed 462 points from its intraday high but finished the session up 0.82% at 77,520.

Market Trends Suggest Cautious Bias

The market is likely to continue its gaining streak, but trends in the Gift Nifty index signal a negative opening on Thursday. Gift Nifty was trading near the 24,165 mark, down over 91 points from the previous close of Nifty futures. This suggests that the market may trade with a cautious bias in the near term, with volatility expected to remain elevated amid a confluence of global macroeconomic factors and persistent geopolitical tensions.

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Companies to Watch

Several companies will remain in focus on Thursday due to their own positive/negative triggers. Among these are Hindustan Unilever, Adani Enterprises, Indus Towers, Bajaj Finserv, Mazagon Dock Shipbuilders, and IDBI Bank. These companies will declare their Q4 results for 2026 today.

Notable Results

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Some companies have already reported their Q4 results for 2026. Notably:

• Adani Power: Net profit for the quarter jumped 52% year-on-year (YoY) to ₹4,017 crore, up from ₹2,637 crore in the corresponding period last year.
• Bajaj Finance: India's largest NBFC reported a stable performance for the March quarter, with net profit rising 22% YoY to ₹5,465 crore, up from ₹4,480 crore in the same period last year.
• Larsen & Toubro: The company has entered into a Share Purchase Agreement with Hyderabad Metro Rail Limited to divest its entire stake in L&T Metro Rail (Hyderabad) Limited for ₹1,461.47 crore.
• Adani Green: The company intends to add up to 15,000 gigawatt-hours (GWh) of battery energy storage capacity annually, a move that would entail investments running into thousands of crores.
• Motilal Oswal Financial Services: The company reported a wider consolidated net loss of ₹221 crore for the March quarter, compared with ₹65 crore in the same period last year, even as its revenue from operations surged 125% YoY.
• Navin Fluorine International: The fluorochemicals manufacturer posted a fourth-quarter net profit of ₹213 crore, marking a more than twofold increase compared to the same period last year, when it had reported ₹95 crore.
• IIFL Finance: The company delivered a robust performance in the fourth quarter, with net profit surging to ₹586.8 crore from ₹207.7 crore in the same period last year.
• Brigade Enterprises: The real estate firm has entered into a 50:50 joint venture with Bain Capital to develop a premium mixed-use project in Whitefield, Bengaluru.
• Jana Small Finance Bank: The small finance bank reported a 13.3% year-on-year increase in its fourth-quarter net profit to ₹140 crore, up from ₹123 crore in the corresponding period last year.