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Daily Market Commentary for April 27th 2026 By Siddhartha Khemka - Motilal Oswal Financial Services Ltd

Markets are expected to maintain their gradual upmove, supported by hopes of a resolution, positive global cues and sector or stock-specific news flows driving broader market action. Renewable energy, metals and mining stocks are likely to remain in focus, while summer-related plays may continue to benefit from demand across air conditioners, fans, cold beverages, packaged water and power equipment. Indian equities ended higher on Monday, with Nifty 50 rising 0.8%. The rally was broad-based, with all major sectors ending in the green. Nifty Midcap 100 gained 1.5%, while Nifty Smallcap 100 advanced 1.9%, reflecting strong participation from the broader market. Among sectoral performers, Nifty Pharma led with gains of 2.6%, followed by Nifty Consumer Durables up 2.5% and Nifty IT higher by 2.2%, recovering after last week’s steep sell-off.In a positive macro development, India signed a Free Trade Agreement with New Zealand. The pact is expected to benefit Indian exporters, with all Indian exports to New Zealand receiving duty-free access. New Zealand has also committed to invest $20 billion in India over the next 15 years. Investors will now track upcoming results from UltraTech Cement, Coal India, Varun Beverages, AU Small Finance Bank and Bajaj Housing Finance, along with economic data points including the Bank of Japan interest rate decision and CPI data.  

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