Overview
- Indian equity indices Sensex and Nifty closed at record highs on April 28, boosted by ₹17,425 crore in foreign portfolio inflows during the previous week.
- Defense stocks surged over 8% following heightened India-Pakistan tensions after the Pahalgam terror attack, with investors seeking safe havens.
- Reliance Industries reported a 2.4% YoY rise in Q4 net profit to ₹19,407 crore and announced a 55% dividend, driving its stock up by over 5%.
- TCS's market capitalization jumped to ₹12.47 lakh crore, delivering ₹53,692 crore in gains to investors in just five trading days.
- PNB Housing Finance posted a 25.3% YoY profit increase in Q4 and declared its first dividend in six years, while IRFC announced plans to raise ₹60,000 crore in FY26.