Indian equities surged in April 2026, led by strong gains in mid, small, and microcaps despite persistent macro risks, foreign outflows, and currency weakness. Market performance diverged from fundamentals, which remained stable, suggesting price-driven momentum rather than earnings-led improvement across segments.
Swiggy, Eternal surge up to 7%. Should investors chase the rally?
Swiggy and Eternal shares rallied sharply on Thursday as investor sentiment improved on Swiggy’s foreign ownership falling below 50% and optimism around quick commerce. Analysts