After a brief breather, Indian markets exploded back with renewed energy-Nifty zoomed up 1.2% to close at 24,328, fueled by a strengthening rupee hitting its highest level against the dollar since December 2024. Foreign investors poured in fresh capital, crude oil prices eased, and investor optimism soared, setting the stage for a powerful comeback.

The broader market joined the party with Midcaps rallying an impressive 1.62% and Smallcaps climbing steadily by 0.78%. Yet, cautious sentiment lingered as decliners slightly outnumbered advancers for the third day running, signaling investors are watching closely.

Sector-wise, it was a green wave, led by Oil & Gas, PSU Banks, Healthcare, and Pharma, while IT took a breather. Interestingly, trading volumes dipped to their lowest since early April, hinting at a market poised for a breakout.

Hot Stocks Making Headlines

• Dixon Technologies: IsmartU India’s ₹121 crore acquisition of KHY Electronics shakes up the tech space.
• GAIL: Partners with CONCOR to champion LNG as the next-gen clean fuel.
• Axis Bank: Deputy MD Rajiv Anand bids farewell after a stellar tenure.
• Aditya Birla Sun Life: Eyes ₹950 crore capital infusion through bonds and shares.
• Apollo Tyres: Netherlands unit to close Enschede plant by summer 2026 amid shifting dynamics.
• Mahindra & Mahindra: Strategic ₹555 crore buyout of SML Isuzu stakes signals expansion.
• Aurobindo Pharma: EMA greenlights trastuzumab biosimilar Dazublys® for breast cancer.
• Zydus Lifesciences: USFDA flags six observations; data integrity remains intact.
• Biocon: EMA thumbs up for denosumab biosimilars Vevzuo® and Denosumab BBL.

Global Economic Calendar: Key Market Movers This Week

Date Region/Country What to Watch Apr 29 USA, Euro Area Consumer Confidence, Economic Sentiment Apr 30 China, USA, Euro Area PMI data, GDP growth, Core inflation figures May 1 Japan, UK, USA BoJ rate decision, Manufacturing PMIs, Jobless claims May 2 USA, Euro Area Non-Farm Payrolls, Inflation data, Factory orders

These critical global events will shape market momentum and offer fresh cues for investors.

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