India Stocks: Indian shares set to open higher after crude‑led slump

RBL Bank

27/04/2026 03:47

April 27 (Reuters) - Indian shares are set to open higher on Monday and snap recent losses linked to higher crude prices, as analysts assess stock-specific cues from quarterly earnings of Reliance and Axis Bank.

GIFT Nifty futures GIFc1 were trading at 24,143.50 points, as of 8:15 a.m. IST, indicating that the benchmark Nifty 50 .NSEI would open about 1% above Friday's close of 23,897.95.

Both benchmark indexes lost 2.7% each in the previous three sessions, as higher crude prices due to the Iran war crisis and weak earnings outlook by software companies such as Infosys INFY.NS and HCLTech HCLT.NS weighed on risk sentiment.

Brent crude LCOc1 traded at roughly $107 a barrel after stalled U.S.-Iran peace negotiations prolonged the disruption of Middle East energy exports, raising fears of global slowdown and inflation ahead of key central bank rate decisions.

While sentiment remains subdued, there might be a temporary buying support on Monday for benchmark stocks on cheaper valuations following recent correction, two analysts said.

Other Asian markets .MIAPJ0000PUS rose 1.5%, led by South Korean stocks tracking a rally in U.S. technology companies after strong results from Intel INTC.O.

Several high-profile technology-linked companies such as Amazon AMZN.O, Alphabet GOOGL.O and Meta META.O will report their quarterly results this week, which could impact the technology sector in Asia. MKTS/GLOB

Among domestic stocks, Reliance Industries RELI.NS will be in focus after the oil-to-telecom conglomerate missed quarterly profit expectations on Friday, pressured by higher input costs and supply disruptions linked to the Iran war.

Private lender Axis Bank AXBK.NS could also be in pressure after reporting a marginal drop in fourth-quarter profit over the weekend, impacted by lower income from treasury operations and higher provisions.

Foreign portfolio investors (FPI) remained net sellers of Indian stocks for a fifth consecutive session on Friday, while domestic institutional investors (DII) bought domestic shares for the fifth session.

STOCKS TO WATCH

** IndusInd Bank INBK.NS beats March-quarter profit view on fewer new bad loans

** RBL Bank RATB.NS reports a jump in quarterly profit on solid loan growth

** Sun Pharma SUN.NS says it will buy U.S.-listed drugmaker Organon in about $11.8 billion deal

** India's central bank cancels Paytm's PAYT.NS Payments Bank license

** Indian Hume Pipe IHME.NS secures an irrigation project worth 4.18 billion rupees

 (Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sherry Jacob-Phillips)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))