Industries to Watch: Reliance, Paytm, Sun Pharma Among Top Equity Holdings

Indian Stock Market Ends Week with Steep Losses

The Indian stock market ended the week with significant losses on Friday, weighed down by rising crude oil prices and escalating tensions between the US and Iran in the Middle East. The Sensex fell by 999.79 points, or 1.29%, to settle at 76,664.21, while the Nifty 50 declined by 275.10 points, or 1.14%, to close at 23,897.95.

Despite the losses, market trends indicate a positive opening on Monday, with the Gift Nifty index trading near the 24,108 mark, reflecting a premium of about 185 points over the previous close of Nifty futures. This suggests that the market may be poised to snap its losing streak.

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As the market remains cautious and volatile due to ongoing geopolitical uncertainty, investors are likely to remain cautious. The US-Iran tensions and potential supply disruptions in the Strait of Hormuz continue to weigh on risk sentiment, with Brent crude trading in the $105-$108 per barrel range. This has a significant impact on market sentiment, particularly given concerns over potential supply disruptions.

Key Stocks to Watch

Several stocks are likely to remain in focus on Monday, April 27, due to their own positive or negative triggers. The top 10 stocks that will remain in focus are Coal India, UltraTech Cement, Adani Total Gas, SBI Cards and Payment Services, Reliance Industries, Sun Pharma, Axis Bank, IDFC First Bank, Paytm, NTPC, Adani Green, and Manappuram Finance.

Company Updates

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• Coal India, UltraTech Cement, Adani Total Gas, and SBI Cards and Payment Services will release their Q4 results 2026 today.
• Reliance Industries reported a 13% year-on-year decline in its consolidated net profit, which stood at ₹16,971 crore for the fourth quarter.
• Sun Pharma has entered into a definitive agreement to acquire US-listed Organon, aiming to drive long-term value creation and strengthen its business leverage through complementary portfolios.
• Axis Bank reported a standalone net profit of ₹7,071 crore for the March quarter, compared with ₹7,118 crore in the same period last year, reflecting a slight decline of 0.64%.
• IDFC First Bank reported a standalone net profit of ₹319 crore for the March quarter, compared to ₹304 crore in the same period last year, marking a 5% year-on-year increase.
• Paytm's associate entity, Paytm Payments Bank, had its banking licence revoked by the Reserve Bank of India, effective April 24.
• NTPC plans to establish two 700 MW nuclear power units in Bihar's Banka district, with the project expected to require an investment of approximately ₹25,000 crore.
• Adani Green plans to invest around ₹15,000 crore in the current financial year to expand its battery energy storage capacity by over 10 gigawatt-hours (GWh).
• Manappuram Finance disclosed that Sebi has issued an administrative warning to Chairman and Managing Director, VP Nandakumar, over delays in reporting share pledge transactions.
• Hindustan Petroleum Corporation Limited (HPCL) said that repair and restoration work at the HPCL Rajasthan Refinery Limited (HRRL) is currently in progress and is likely to be completed within the next 3-4 weeks after the fire incident earlier this month.