Coal India gains after strong Q4 results; Nifty Oil & Gas gains as ONGC hits 52-week high – Paper by Pocketful

Apr 28, 2026

Coal India (+3.20%): Stock gained after Q4; net profit rose 12% YoY to ₹10,907 crore, revenue grew 5% to ₹46,490 crore, and margins improved, though cost pressures persist.
RailTel Corporation of India (+2.63%): Stock gained after securing a ₹145.5 crore LoA from Eastern Coalfields for telecom and managed bandwidth services, boosting revenue visibility and order book strength.
AU Small Finance Bank (-1.94%): Stock declined despite strong Q4; net profit surged 65.2% YoY to ₹831.9 crore, NNPA improved to 0.74%, and NII rose 23.3%.
Trent (-0.16%): Stock remained unchanged despite board fixing May 29 as record date for 1:2 bonus issue, keeping investor sentiment neutral.

Oil & Gas | Nifty Oil & Gas (+1.55%): Index gains led by ONGC, Oil India, and Reliance Industries; ONGC hit 52-week high. Rally driven by Libya oil discovery and strong upstream momentum, lifting overall sentiment.
Energy| Nifty Energy (+1.22%): Index hit 52-week high, led by 23 gainers and 17 losers; outperformed Nifty 50, driven by strong sectoral momentum and consistent outperformance across timeframes.
PSU Bank| Nifty PSU Bank (-2.15%): Index declined with all constituents trading in red; profit booking after recent rally and weak broader market sentiment weighed on PSU banking stocks despite 5% monthly gains.
Private Bank | Nifty Private Bank (-1.23%): Index declined led by losses in ICICI Bank, HDFC Bank, and Axis Bank; selling pressure and weak market sentiment dragged the sector lower.

Technical Level: Nifty opened with a gap-down, attempted a rally but faced resistance at 24,180; reversed from that level, declined towards 23,960 support, and closed in the negative.
Advance-Decline Ratio: Market breadth remained negative, with Advance at 1490 and Decline at 1783, indicating broader selling pressure across the market.
The Big Picture: Shares of Coca-Cola rose after strong Q1 results; EPS beat at $0.86 vs $0.81 and revenue came at $12.47B. Net income increased YoY, driven by strong global demand. Company raised FY earnings growth outlook to 8–9%, supporting positive sentiment.
FII/DII Activity (April 27, 2026): DIIs were net buyers of ₹4,124 crore, while FIIs were net sellers of ₹1,151.48 crore.

IPO Corner: Amba Auto Sales & Services IPO, giving investors an opportunity to bid for the issue, and will close tomorrow.
Macro: Germany Inflation Rate & USA Fed Interest Rate Decision due tomorrow, markets cautious.
Index Watch: Nifty opened negative, moved higher but failed to sustain gains, then traded range-bound and closed lower. Overall trend remains positive, with support seen near 23,800 and resistance placed around 24,300 for upcoming sessions.

Range-Bound : A market condition where prices move within a fixed support and resistance level, without a clear upward or downward trend.

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