27 April,2026 11:38 AM IST | Mumbai | mid-day online correspondent
Representational image. File pic
With global tension looking to ease in the coming few days, the Indian stock market on Monday, April 27, opened higher. The Nifty 50 opened 0.5 per cent higher at 24035.35 points, and the BSE Sensex edged up 398 points to 77062 points. Moreover, healthy gains were seen across all sectoral indices, with Nifty IT and Nifty Metal leading the gainers.
As per ANI, despite a positive sentiment in the market, One97 Communications Ltd. (Paytm) fell nearly 7 per cent in early trade after the Reserve Bank of India on Friday cancelled the banking licence of Paytm Payments Bank, prohibiting it from carrying out any banking business and setting in motion the process for winding up.
Furthermore, Axis Bank and Shriram Finance were the worst performers in the Nifty 50 index, falling 3-4 per cent each. Most stocks in the 50-stock index traded in the green.
Along with the positive opening of Indian markets, the upbeat start mirrored Asian markets, with Japan's Nikkei 225 adding 1.4 per cent to hit a record high and South Korea's Kospi jumping 1.83 per cent to scale a new peak.
Furthermore, China's CSI 300 gained 0.25 per cent after industrial profits jumped 15.8 per cent year-on-year in March, accelerating from 15.2 per cent in the first two months. In contrast, Australia's S&P/ASX 200 slipped 0.54 per cent, and Hong Kong's Hang Seng fell 0.17 per cent.
International benchmark Brent crude rose more than 2 per cent to $107.49 per barrel by 7:35 p.m. ET, while US crude gained 1.79 per cent to $96.19, driven by heightened geopolitical uncertainty after Trump called off talks in Islamabad. However, the US President later signalled that the conflict could be nearing an end, saying mounting military and economic pressure had left Tehran in a weakened position.
Domestically, sentiment remains cautious as investors navigate a mix of geopolitical overhang and earnings-driven volatility.
Ponmudi R., CEO of Enrich Money, while highlighting that markets are expected to remain cautious and volatile amid persistent geopolitical uncertainty, said, "Trading in the $105-108 per barrel range continues to act as a key overhang, while foreign investor flows remain under pressure due to global risk aversion, elevated bond yields and currency concerns," as per ANI.
He further added, "Overall, sentiment remains fragile and largely news-driven, with elevated crude prices, geopolitical uncertainty, foreign outflows and earnings-related volatility likely to keep markets range-bound with a cautious bias in the near term."
(With inputs from ANI)
