Stocks in Focus: Bajaj Finance, Eternal, BHEL Among Top 10 Share Picks for April 29

Indian Stock Market Slips Back into Downtrend Amid Ongoing Tensions

The Indian stock market experienced a decline on Tuesday, April 28, after a brief rally, as ongoing tensions in the Middle East kept crude oil prices elevated and banking stocks came under pressure following the Reserve Bank of India’s final credit-loss guidelines.

The Nifty 50 closed 0.40% lower at 23,995, while the S&P BSE Sensex fell 0.54% to end at 76,886, compared to its previous close on Monday. The market is likely to continue its losing streak as trends in the Gift Nifty index signalled a negative opening on Wednesday. Gift Nifty was trading near the 24,081 mark, down over 18.50 points from the previous close of Nifty futures.

Market Sentiment Remains Volatile

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Indian equity markets are set to open on a cautious and potentially volatile note, as elevated crude prices and persistent geopolitical tensions continue to weigh on sentiment. Brent crude remains firm in the $110–113 per barrel range, reflecting ongoing disruptions to supply and reinforcing inflation concerns.

Company Results to Watch

Several companies are set to declare their Q4 results 2026 today, including Bajaj Finance, Adani Power, Indian Bank, Waaree Energies, and Federal Bank. These stocks are likely to remain in focus on Wednesday due to their own positive/negative triggers.

Top 10 Stocks to Watch on Wednesday, April 29

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Key Company Results

• Eternal, the operator of food delivery platform Zomato and quick commerce service Blinkit, posted a 346% year-on-year jump in consolidated net profit to ₹174 crore in the fourth quarter.
• Maruti Suzuki India posted a 6.5% year-on-year drop in consolidated net profit to ₹3,659 crore for the March quarter, despite a 28.2% increase in revenue from operations to ₹52,462.5 crore.
• GRSE posted a net profit of ₹303 crore for the quarter ended March 31, 2026, up from ₹244 crore in the same period last year, marking a growth of 24%.
• Bandhan Bank posted a strong recovery in earnings for the March quarter, with its net profit surging 68% YoY to ₹530 crore, driven by reduced provisioning and an improvement in asset quality.
• Go Digit General Insurance delivered a stable Q4 performance, with gross written premium increasing 6.18% year-on-year to ₹2,735.7 crore, up from ₹2,576.4 crore.
• Bharat Heavy Electricals announced that it has entered into a Licensing Agreement for Transfer of Technology (LAToT) with the Naval Science & Technological Laboratory (NSTL), Visakhapatnam— a DRDO facility — for gas turbine applications in naval systems.
• REC posted a subdued performance in Q4, with net profit dropping 20.6% year-on-year to ₹3,362.3 crore from ₹4,236.2 crore.
• AWL Agri Business, formerly known as Adani Wilmar, reported stronger-than-expected profit for the fourth quarter on Tuesday, supported by robust growth in its edible oils segment. The FMCG company posted a consolidated net profit of ₹292 crore (about $30.89 million) for the quarter ending March 2026.
• Orient Cement delivered a mixed performance in Q4, with net profit increasing 31.7% year-on-year to ₹55.4 crore, up from ₹42.1 crore.