Markets Daily India

Retail Investors Return as India’s Small-, Mid-Cap Stock Rally Builds

They have bought more than $1 billion worth of shares so far this month.

The Nifty Index logo at the NSE.Photographer: Dhiraj Singh/Bloomberg

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By Ashutosh Joshi

April 28, 2026 at 2:45 AM UTC

This article is for subscribers only.

Good morning...

I’m Savio Shetty in Mumbai with your daily dose of pre-market news and analysis.

Asia’s stock benchmark is holding near its highest level since late February, with traders awaiting developments in the Middle East — the White House said US officials were discussing Iran’s latest proposal. At home, India’s Nifty 50 snapped a three-day decline to close above the key 24,000 mark in the previous session, but elevated crude prices, uneven earnings and continued foreign fund outflows are likely to keep pressure on the market. Also, searing temperatures across the country threaten to compound the energy challenges brought on by the Iran war. One positive amidst all this — retail investors are rushing to buy stocks. The big focus for traders today will be earnings from Maruti Suzuki and food-delivery platform Eternal, which could provide cues on consumer demand.

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