Welcome to Aftermarket Report, a newsletter where we do a quick daily wrap-up of what happened in the markets, both in India and globally.
In our latest episode of In The Money by Zerodha, from understanding what separates an indicator from a strategy, to coding your first custom indicator on TradingView using Claude AI, and eventually converting it into a back-testable strategy, this episode walks you through the entire process step by step.
This episode breaks down how to bring your trading ideas to life using Pine Script on TradingView, powered by Claude AI, from a simple session range tracker to a smoothed Heikin-Ashi strategy, and how the build-observe-analyse-refine loop becomes the foundation of a data-driven trading approach.
Markets Today
Nifty opened flat at 24,375, tracking mixed global cues. Early volatility dragged the index toward 24,350, but it quickly recovered to the 24,480–24,500 zone within the first hour.
Through the late morning, Nifty maintained a steady upward bias, inching higher with minor pullbacks and holding above 24,500. By noon, it settled into a tight 24,500–24,550 range.
The second half remained largely range-bound with a slight positive tilt, as the index oscillated between 24,520 and 24,560. Intermittent buying kept pushing it toward the upper end of the range.
In the final hour, Nifty edged higher toward the day’s highs near 24,600 and closed at 24,576.60, marking a steady session with a gradual uptrend and limited drawdowns.
Nifty gained 0.87% (211.75 points), while Bank Nifty outperformed, rising 1.39% to 57,371.45; Sensex added 0.96%. VIX dropped 6.71% to 17.53, its lowest in five sessions. Market breadth was strong, with 335 advances against 161 declines in the Nifty 500.
Sectoral Indices Performance
FMCG led with a 2.55% rally on strong earnings from Nestle. Realty climbed 2.14%, Banks 1.39%, and Consumption 1.26%. Pharma was the only loser at -0.08%. Metals and Infra lagged at +0.04% and +0.35%. Eleven of twelve sectors closed green.
Winners & Losers
The midcap index rose 0.81% to 13,919.45, slightly trailing large-caps. The rally was concentrated but broad enough, with two-thirds of Nifty 500 stocks advancing.
Momentum Screener
Global Markets
Commodities
Crude at 8,173 was flat, down just 0.13%. Gold dropped 0.27% to ₹1,53,526 and silver fell 0.61%.
Bond Yields & Currency
India 10Y yield at 6.892%. US 10Y at 4.26%. Rupee weakened 0.25% to 93.39, the worst move in a week despite domestic buying.
FII / DII Flows
Here’s the trend of FII-DII activity from the last 5 days:
Thematic Indices
Tijori’s niche indices, where pockets of the market beyond standard sector baskets are sorted by today's move. You can also track the Promoter buying and other interesting stuff, like Capex activity by the companies in the Tijori App’s idea dashboard
Change in OI for the day
The following is the change in OI for Nifty contracts expiring on 28th April:
The maximum Call Open Interest (OI) is observed at 25,000, followed by 24,500, indicating potential resistance at the 24,700 -24,800 levels.
The maximum Put Open Interest (OI) is observed at 24,500, followed by 24,400, suggesting support at 24,300-24,200.
Note: OI is subject to multiple interpretations; however, generally, an increase in Call OI indicates resistance in a falling market, while an increase in Put OI indicates support in a rising market.
Source: Sensibull
Top Stories in India
The Indian rupee weakened by 32 paise to close at 93.48/$, pressured by a firm US dollar and volatile crude prices amid uncertainty over West Asia peace talks. Sentiment was also impacted by the RBI easing curbs on speculative activity in non-deliverable forward markets. Dive deeper
India’s core infrastructure output contracted 0.4% YoY in March, reversing February’s 2.8% growth, as West Asia tensions disrupted supply chains and hit energy sectors. Weakness in crude oil, coal, electricity, and fertilisers outweighed gains in steel, cement and natural gas, raising concerns of pressure on overall industrial output. Dive deeper
Nestlé India reported a strong Q4FY26 with net profit up 27% YoY to ₹1,111 crore and revenue rising 23% to ₹6,748 crore, driven by key brands like Maggi, KitKat, and Nescafé. The company announced a ₹5 dividend, with shares gaining 7%. Dive deeper
Oberoi Realty saw Q4 bookings surge to ₹1,673 crore, nearly doubling sequentially and YoY. FY26 bookings stood at ₹5,447 crore, slightly ahead of the previous year. Dive deeper
NELCO, the Tata Group satellite communications company, returned to profit with ₹1.09 crore in Q4, compared to a loss last year, while revenue grew 17% YoY. The turnaround, along with a ₹1 dividend, lifted shares by ~6%. Dive deeper
Persistent Systems reported a strong Q4FY26, with net profit rising 20.4% QoQ to ₹529 crore and revenue up 7.4% to ₹4,056 crore. While EBIT grew to ₹659 crore, margins slightly contracted to 16.3% from 16.7% in the previous quarter. Dive deeper
Shares of export-oriented shrimp and textile companies rose up to 7% after the US began processing tariff refunds, following a Supreme Court ruling that struck down the duties imposed under Donald Trump. The rollout of the refund mechanism by US Customs is expected to improve cash flows and sentiment for exporters. Dive deeper
Top Stories Globally
Crude oil prices eased as investors weighed mixed signals around US-Iran peace talks ahead of a ceasefire deadline, with WTI slipping 1.1% to $88.60/bbl and Brent down 0.6% to $94.89/bbl. Trump renewed threats of military action against Iran, while Rystad Energy warned that sustained prices above $100/bbl could unlock up to 2.1 million barrels per day of new supply. Dive deeper
The US launched a portal allowing over 330,000 importers to claim refunds on $166 billion in tariffs collected under Trump’s IEEPA-based “Liberation Day” duties, after the Supreme Court ruled the levies unlawful in February. Refunds are expected to be processed within 60–90 days. Dive deeper
Apple announced that Tim Cook will step down as CEO on September 1, ending a 15-year tenure, with hardware engineering chief John Ternus set to take over.Dive deeper
Amazon is investing an additional $5 billion in Anthropic, bringing its total to $13 billion with the option to inject up to $20 billion more tied to commercial milestones. In return, Anthropic has committed to spending over $100 billion on AWS technologies over the next decade and securing up to 5 gigawatts of compute capacity to train and run its Claude models. Dive deeper
Taiwan’s export orders surged 65.9% YoY to a record $91.1 billion in March 2026, far exceeding expectations and accelerating from February’s growth. The spike was driven by strong global demand for AI and tech products, with sharp gains across electronics, communication equipment, and machinery. Dive deeper
Management Chatter
In this section, we highlight interesting comments from the management of major companies and policymakers in the Indian and Global Economies.
Vikram Gourineni, ED of Amara Raja Energy & Mobility on the growth opportunities:
“For the last several years, we’ve been doing lithium pack business, mostly for low-voltage mobility as well as telecom. The cumulative lithium installations in telecom have crossed one gigawatt-hour. That’s only a small stepping stone for us.”
“Over the next two to three years, we expect aggressive telecom rollouts. After that, there will be some replacement cycles, and we’ll increasingly focus on stationary storage applications like UPS, utility-scale storage, and other emerging use cases.”
Both (ESS and Data centers) are very large opportunities. ESS could become one of the largest segments after EVs (electric vehicles),” - Link
Neelkanth Mishra, Chief Economist, Axis Bank & Head of Global Research, Axis Capital, on the current global environment:
“So, the inventories are running dry. We already have signs like in India, the plastics market, and the furniture makers are now priced out. So plastic chairs, tables, those are not being manufactured.”
The system seems to be calibrating much more efficiently, and therefore maybe there is a couple of weeks extra of inventory.I must say that the product inventories are now starting to hit precarious levels… maybe it is the 30th of April, but it is not the 30th of May.” - Link
Corporate Actions & Events
Corporate Actions
Earnings Calendar
Published by Zerodha. Not investment advice. Data from NSE, BSE, MCX.
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Hello. If you can give full country names, of in brackets in world events corporate report, it can be easy for interpretation
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