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Fed FOMC, Q4 earnings and FII action among 9 factors set to steer D-Street this week

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Fed FOMC, Q4 earnings and FII action among 9 factors set to steer D-Street this week
Nifty closed 2% lower this week, dragged mainly by IT stocks, while auto and consumer scrips also saw significant selling. As domestic markets resume trading on Monday, a host of key events lined up through the week are likely to influence sentiment.

On Friday, the 50-stock index fell 275 points, or 1.14%, to close at 23,898.

Rupak De of LKP Securities said markets have seen heightened volatility over the past three sessions, with the index coming under pressure amid escalating US-Iran tensions. From a technical standpoint, he noted that the index failed to sustain gains after encountering resistance around its 100-day EMA on the daily chart, triggering renewed selling that dragged it below the 24,000 level.

The overall trend now appears weak, with the Nifty potentially drifting towards 23,500. However, he added that 24,200 remains a key hurdle, and a breakout above this level could help stabilise sentiment.

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1) Fed FOMC

Global markets will closely track the US Federal Reserve’s policy meeting, which begins on Tuesday, April 28. The outcome will be announced on Wednesday, April 29, with the central bank widely expected to keep interest rates unchanged at 3.50-3.75%.

2) Q4 earnings

More than 200 companies listed on the BSE are set to announce their Q4FY26 earnings this week. Key Nifty constituents in focus include Coal India, UltraTech Cement, Eternal, Maruti Suzuki India, Bajaj Finance, Adani Ports and Special Economic Zone (APSEZ), Bajaj Finserv, Hindustan Unilever (HUL), and Kotak Mahindra Bank.
Among widely tracked non-Nifty names, results are due from AU Small Finance Bank, Bajaj Housing Finance, Bandhan Bank, REC, GRSE, Adani Power, Motilal Oswal Financial Services, Vedanta, Waaree Energies, ACC, Central Bank of India, and Avenue Supermarts (DMart).

3) Iran-Israel conflict

Ceasefire negotiations between Iran and the US have hit a stalemate. Talks scheduled over the weekend failed to materialise, with Iran indicating that its officials do not plan to engage with the US on ending the conflict that has already claimed thousands of lives and roiled global markets.
The war, which began on February 27 following joint US-Israel strikes on Iran targeting its top leadership, has seen fluctuating intensity. While hostilities have eased somewhat, both sides remain far from a resolution. The initial round of talks in Islamabad also failed to yield progress. The trajectory of these negotiations is likely to be a key driver for global market sentiment.

4) US markets

Amid lingering geopolitical concerns, Indian equities will also take cues from Wall Street.
US benchmark indices ended mixed on Friday as investors remained cautious ahead of the Fed decision. The Dow Jones Industrial Average fell 127.88 points, or 0.16%, to close at 49,230.71. The S&P 500 rose 0.80% (56.68 points) to 7,165.08, while the tech-heavy Nasdaq Composite surged 398.09 points, or 1.63%, to 24,836.60.

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5) Crude oil

Movement in global crude oil prices will remain a key factor for domestic markets.
US WTI crude futures settled at $94.88 per barrel on Friday, down $0.97 or 1.01%, while Brent crude rose 0.77%, or $0.81, to close at $105.33 per barrel.

6) FII/DII action

Foreign institutional investors (FIIs) remained heavy sellers during the week, offloading domestic equities worth Rs 17,140 crore over the five sessions ended Friday. Total outflows in April have now risen to Rs 43,967 crore, taking the cumulative outflow for 2026 so far to Rs 1,75,089 crore.

On Friday, FIIs sold shares worth Rs 8,827.87 crore, while domestic institutional investors (DIIs) were net buyers at Rs 4,700.71 crore.

Read more: FII exodus deepens in 2026 at Rs 1.75 lakh crore as April outflows swell to Rs 43,967 crore; FOMC next trigger

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7) Technical triggers

Decoding the charts, Ajit Mishra, Senior Vice President – Research at Religare Broking, said the index has slipped below its crucial support at 23,900 (20-DEMA), signalling a shift in near-term bias to the downside. Immediate support is seen around 23,500.

On the upside, the 24,200-24,500 zone is likely to act as a strong resistance band. Any rebound towards these levels may face selling pressure unless supported by easing crude prices and improved global cues, Mishra added.

8) Rupee vs dollar

The rupee’s movement against the US dollar will be closely tracked.

The Indian rupee declined in all five trading sessions last week, logging its steepest weekly fall since September 2022. The drop was driven by concerns over the fragility of a US-Iran ceasefire and potential disruptions to energy supplies, which triggered a fresh surge in oil prices.

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The rupee settled at 94.2475 on Friday, down 1.4% for the week.

Regulatory measures by the Reserve Bank of India and optimism around a potential easing of Middle East tensions had briefly supported the currency. However, the relief proved short-lived as oil prices resumed their upward trend amid fluctuating hopes of peace talks.

9) Stocks on Watchlist

Metal major Vedanta is likely to remain in focus, with its demerger ex-date and record date falling on April 30 and May 1, respectively.

Meanwhile, Hindustan Zinc (HZL), a Vedanta subsidiary, has fixed April 30 as the record date to determine shareholder eligibility for its Rs 11 per share dividend.

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Kenyan Star’s Epic Rise to Sub-2 Marathon Glory

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Sabastian Kimaru Sawe

LONDON — Sabastian Kimaru Sawe, the quiet Kenyan who just rewrote marathon history with a stunning 1:59:30 victory at the 2026 TCS London Marathon, has emerged as one of the most compelling figures in distance running.

Sabastian Kimaru Sawe
Sabastian Kimaru Sawe

The 31-year-old became the first athlete to break the two-hour barrier in an official, competition-eligible marathon, capping a meteoric rise from rural Kenyan roads to global dominance. Here are 10 essential things to know about the man they call the “silent assassin.”

1. Humble Beginnings in Kenya’s Rift Valley

Born on March 16, 1995 (some records list 1996), in Barsombe, Uasin Gishu County, Sawe grew up in the heart of Kenya’s famed running country. Like many elite athletes, he developed his endurance chasing cattle and running to school on dirt paths. His early life emphasized simplicity, hard work and a family mantra of resilience passed down from his grandmother, often referenced as “Koko” — “all will be well.”

2. Track Prodigy Turned Road King

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Sawe first gained attention on the track and in cross country. He finished seventh in the senior men’s race at the 2023 World Cross Country Championships in Bathurst. His track personal bests include a 27:09.46 in the 10,000 meters. He also set a Kenyan national record in the one-hour run with 21,250 meters in Brussels in 2022, showcasing extraordinary aerobic capacity.

3. Half-Marathon Dominance

Before conquering the full marathon, Sawe excelled at the half. He claimed gold at the 2023 World Road Running Championships in Riga with a strong performance. His personal best stands at 58:05 from Copenhagen in 2024. He has won seven of nine career half marathons, establishing himself as a world-class short-distance road runner.

4. Blistering Marathon Debut

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Sawe made his marathon debut at the 2024 Valencia Marathon, clocking 2:02:05 — the second-fastest debut in history, just 12 seconds behind the late Kelvin Kiptum’s mark on the same course. The performance immediately thrust him into the elite conversation and made him the fifth-fastest marathoner of all time at that point.

5. Back-to-Back Major Victories

In 2025, Sawe won the London Marathon in 2:02:27, his first Abbott World Marathon Major title, surging dramatically after 30K to drop a star-studded field. Later that year, he triumphed at the Berlin Marathon in 2:02:16 despite hot conditions, running alone for much of the race and posting the ninth-fastest time ever. He remains undefeated in his first four marathons.

6. Historic Sub-2 Breakthrough in 2026

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Defending his London title on April 26, 2026, Sawe delivered the unthinkable: 1:59:30, shattering the previous world record and becoming the first to go under two hours in a ratified race. Yomif Kejelcha finished second in 1:59:41 and Jacob Kiplimo third in 2:00:28 in one of the deepest fields ever assembled.

7. Coaching Partnership with Italian Mentor

Sawe trains under Italian coach Claudio Berardelli, who spotted his potential early. Berardelli has described him as exceptionally talented, noting his fearlessness and work ethic. Training includes grueling 40K long runs and weekly volumes up to 200 kilometers, blending traditional Kenyan methods with modern science.

8. Tactical Genius and Mental Toughness

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Known for bold moves, Sawe skipped water stations and unleashed devastating surges in London. His negative splits and ability to run solo demonstrate exceptional pacing judgment and mental fortitude. Rivals and analysts praise his calm demeanor — the “silent assassin” who lets his legs do the talking.

9. Injury Resilience and Comeback Story

Sawe has overcome challenges, including a stress fracture and back issues ahead of the 2026 London race. His ability to recover fully and deliver a world-record performance underscores his professionalism and support system, including physiotherapy and careful load management.

10. Legacy and Future Ambitions

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With a perfect marathon record and the sub-2 barrier broken, Sawe is poised to dominate the Abbott World Marathon Majors and chase further records. His success highlights advancements in training, nutrition and super shoes while honoring Kenya’s rich distance-running heritage. At just 31 and in only his fifth marathon, more history seems likely.

Sawe’s journey embodies the blend of raw talent, disciplined preparation and cultural resilience that defines Kenyan running. From the red dirt roads of Uasin Gishu to the finish line on The Mall, he has stayed true to his roots while pushing the sport’s boundaries.

His 2026 London triumph wasn’t just about one day — it was the culmination of years of invisible miles, family support and an unwavering belief that barriers exist to be broken. As the marathon world digests his achievement, Sawe remains focused, humble and driven for more.

In post-race comments, the champion reflected on the moment: the perfect pacing, the roaring crowds and the dream realized. For fans of the sport, Sabastian Sawe represents the new standard — proof that human limits continue to expand on the roads of London, Berlin, Valencia and beyond.

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His story resonates far beyond athletics. In a world seeking inspiration, the silent assassin from Kenya has spoken volumes with his feet, etching his name alongside legends like Eliud Kipchoge and Kelvin Kiptum while carving his own extraordinary path.

As Sawe looks ahead, the running community eagerly anticipates his next chapter. Whether defending titles, pursuing faster times or inspiring the next generation in Kenya, one thing is certain: the man who ran under two hours has only just begun. (Word count: 1,028)

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Acting US attorney general says WHCD suspect was likely targeting Trump administration officials

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Acting US attorney general says WHCD suspect was likely targeting Trump administration officials

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This tech company is set to overtake Nvidia as the world’s most profitable

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InvestingPro’s Fair Value warned Kura Sushi was overvalued at $103

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InvestingPro’s fair value model flagged CSG Systems’ 71% gain early

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Supply Chain Pulse Check as Iran war enters 3rd month

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3 Of My Favorite Dividend Growth Stocks Trading Way Below Fair Value

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3 Of My Favorite Dividend Growth Stocks Trading Way Below Fair Value

This article was written by

Leo Nelissen is a macro-focused equity strategist and long-term investor with more than a decade of experience on Seeking Alpha, where he has built a following of over 50,000 readers. His work combines big-picture macro analysis, geopolitical insight, and bottom-up research to identify high-quality businesses and long-term investment opportunities. He is the founder of Main Street Alpha, a Seeking Alpha Investing Group focused on macro strategy, real portfolios, dividend investing, and disciplined capital allocation for long-term investors.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of REXR, RTX, GE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Australia’s Wong to visit Japan, China, South Korea to discuss energy security

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Australia’s Wong to visit Japan, China, South Korea to discuss energy security


Australia’s Wong to visit Japan, China, South Korea to discuss energy security

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Allegro MicroSystems: Why It's Time To Take Profits

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Market Trading Guide: Buy Aster DM, AU SFB on Monday for up to 8% near-term gains

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The Economic Times

Decoding the charts, Rupak De, Senior Technical Analyst at LKP Securities, said the index faced resistance near its 100-day EMA on the daily chart, which capped the rally and triggered fresh selling, dragging it below the 24,000 mark.

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