On Wednesday, Indian bourses opened trading in green in the pre-opening session, with the NIFTY 50 trading at 24,0496.90, up by 0.42%, and the SENSEX at 77,245.83, up by 0.47%.Indian markets are likely to be cautious today amid mixed cues from Asian markets due to the Fed’s interest rate decision today and the UAE’s exit from OPEC. The previous session ended lower after the indication that President Donald Trump is unlikely to accept Iran’s latest proposal.Global cuesBoth Asian and US markets traded mixed after the United Arab Emirates announced it would exit OPEC on May 1, dealing a major blow to the oil producers' cartel that coordinates output among several of the world's largest oil-producing nations, particularly in the Middle East.Gift NiftyOn April 29, 2026, the GIFT Nifty traded in green, indicating a positive start for the markets.Asian Markets ASIAN MARKETSLTPPrev closeChangeGIFT NIFTY24,124.0024,094.500.12%Nikkei 22559,917.4660,537.36-1.02%Hang Seng25,997.2125,679.791.24%Taiwan39,371.5439,521.73-0.38%KOSPI6,655.666,641.020.22% The Nikkei is closed today due to Showa Day. Hang Seng and KOSPI traded higher, awaiting the Fed’s interest rate decision.TAIEX traded lower amid losses in tech stocks after the Wall Street Journal reported that OpenAI's revenue growth and new user additions were below its internal targets.US & European Markets US MARKETSLTPPrev closeChangeDOW JONES49,162.9249,188.80-0.05%S&P 5007,196.257,183.000.18%Nasdaq24,685.7324,908.10-0.89% Dow Jones and Nasdaq traded lower, amid renewed concerns that the artificial intelligence boom was weighing on technology stocks The S&P 500 traded higher ahead of today's FOMC meeting. EU MARKETSLTPPrev closeChangeFTSE10,332.7910,321.090.11%CAC8,104.098,141.92-0.46%DAX24,018.2624,083.53-0.27% The United Kingdom’s FTSE traded in green, led by gains in BP, Shell, and Diploma.The French index, CAC, traded in red, dragged by Bouygues, Air Liquide, and Eurofins Scientific SE.The German index, the DAX, closed in the red, dragged by losses in Qiagen NV, Bayer, and Zalando.Commodities COMMODITIESLTP ($)Prev closeChangeBRENT CRUDE110.7300111.2600-0.48%GOLD4,600.11004,596.11000.09%CRUDE OIL98.820099.9300-1.12%NATURAL GAS2.54002.5510-0.43%SILVER73.784073.10850.92% Crude oil prices traded lower as investors are waiting for diplomatic signals around the Iran conflict.Precious metals, such as gold and silver, traded in green ahead of the interest rate decision by the Fed today.Natural gas traded in red amid growing inventories and mild weather conditions.Currency Movements CURRENCYLTPPrev closeChangeDOLLAR INDEX98.650098.6200-0.03%USD/INR94.520094.52000.00%GBP/INR127.9681127.8933-0.06%EUR/INR110.9133110.8598-0.05% The dollar index traded higher as traders await a closely watched U.S Federal Reserve (Fed) interest rate decision.The rupee declined against other currencies as foreign institutional investors continued to exit from the Indian markets.Sectors to watchFinance Sector: Microfinance sector’s gross loan portfolio expanded to ₹3.39 lakh crore at Q4, representing a 5.3% sequential growth, after 11 quarters of intense portfolio contraction and heavy write-offs amid severe stress and operational challenges.Automobile Sector: According to the latest data from the Society of Indian Automobile Manufacturers (SIAM), the carmakers are facing renewed cost pressure as the West Asia conflict pushes up prices of key raw materials, with higher input costs expected to squeeze margins and weigh on demand in the coming quarters.Aviation Sector: Indian domestic air passenger traffic grew 1.4% YoY to 1,677.4 lakh in FY26, in line with ICRA's estimate of 0-3%.Stocks to watchBHEL: BHEL entered into a Licensing Agreement for Transfer of Technology (LAToT) with the Naval Science & Technological Laboratory (NSTL), Visakhapatnam.Solara Active Pharma Sciences: Solara Active Pharma Sciences’ Ibuprofen manufacturing facility in Puducherry completed an unannounced inspection conducted by the US Food and Drug Administration (US FDA) between February 2 and 6. Enviro Infra Engineers: Enviro Infra Engineers’ subsidiary, EIE Renewables, entered into a Share Purchase Agreement to acquire Suyog Urja in a phased manner for ₹311 crore.Alok Industries: Alok Industries appointed Rajbir Saini as Manager and Key Managerial Personnel of the company for a period of three years, effective April 28.FII and DII Inflows - 28th April 2026 CategoryBuy ValueSell ValueNet ValueDII18,044.0516,332.041,712.01FII/FPI17,231.5019,335.24-2,103.74 (The above numbers are in ₹ Cr)On 28th April, net outflows were ₹391.73 crore, with DIIs as net buyers and FIIs as net sellers, as investors shifted to safe-haven assets like gold, silver, and dollar amid ongoing geopolitical uncertainties.Global Events & UpdatesOn April 29, Turkey will release unemployment rate data.The Eurozone will release the consumer inflation expectations data today.The Bank of Canada will release its interest rate decision today.Things to look out forItaly’s industrial turnover rose by 0.6% MoM in February 2026.India’s Industrial production rose by 4.1% YoY in March 2026.