Nifty 50 opens lower after falling over 61 points in the pre-opening session. On Tuesday, Indian indices closed higher after paring gains in the morning session. FIIs bought equity worth Rs 2,385.6 crore, while DIIs also bought equity worth Rs 1,369.2 crore in Indian markets on the same day. 

Nifty Midcap 100 and Nifty Smallcap 100 open lower, tracking the benchmark index. Nifty PSU Bank and Nifty Media indices open lower. Investors look ahead to Q4FY25 & FY25 earnings announcements from companies like Adani Power, Indian Oil Corp, Varun Beverages, and Vedanta today.

Major US indices closed higher on Tuesday. European indices closed mixed. Asian indices are trading mixed. Meanwhile, Merck closed 1.8% higher as it plans to invest $1 billion in a new Delaware plant to expand domestic production of its cancer drugs.

• Schaeffler India rises sharply as its Q4FY25 net profit grows 14.5% YoY to Rs 251.6 crore, owing to lower inventory costs. Revenue increases 15.9% YoY to Rs 2,208 crore, led by improvements in the automotive technologies, vehicle lifetime solutions, and bearings & industrial solutions segments. It features in a screener of stocks with high gains and high volume.

• Alembic Pharmaceuticals is rising as it receives an establishment inspection report (EIR) from the US FDA following an inspection at its oncology formulation facility in Panelav.

• Ceat rises sharply as its Q4FY25 revenue grows 3.7% YoY to Rs 3,420.6 crore, beating Forecaster estimates by 2.6%. However, its net profit falls 8.4% YoY to Rs 99.5 crore due to higher raw material, employee benefits and finance costs. It appears in a screener of stocks with zero promoter pledges.

• Bajaj Finance's net profit grows 17.1% YoY to Rs 4,479.6 crore in Q4FY25. Revenue increases 23.6% YoY to Rs 18,456.9 crore, driven by a 26% YoY growth in assets under management (AUM). The company's board approves a 4:1 bonus share issue and also clears a 1-for-1 stock split.

• CIE Automotive India is falling as its net profit declines 10.5% YoY to Rs 206.4 crore in Q4FY25. Revenue decreases 6.4% YoY to Rs 2,272.6 crore due to lower contributions from the Indian and European markets during the quarter. The company appears in a screener of stocks with expensive valuations according to Trendlyne's valuation score.

• Premier Explosives falls by over 12% due to an accidental fire and explosion at its factory in Bhuvanagiri district, Telangana, on April 29. Three workers lost their lives, while six others were injured. The cause of the blast is under investigation, with authorities examining potential negligence or safety violations.

  Premier Explosives down 12% after Blast in factory kills workers https://t.co/gPsqqSZKpX

  — Yatin Mota (@yatinmota) April 30, 2025

• Samhi Hotels is falling as Blue Chandra Pte exits by selling its entire 3.9% stake at an average price of Rs 174.3 per share for Rs 152.01 crore via a block deal.

• V-Mart Retail’s board of directors schedules a meeting on May 2 to consider a proposal for a bonus issue of shares.

• IndusInd Bank is falling as its Managing Director (MD) and Chief Executive Officer (CEO), Sumant Kathpalia, tenders his resignation, effective April 29.

• Trent's Q4FY25 net profit declines 36% YoY to Rs 318.2 crore due to higher inventory & depreciation expenses. However, its revenue increases 27.2% YoY driven by strong performance in its fashion brand 'Zudio'. The company's Chairman, Noel Tata, believes full-year performance reflects revenues, profitability, and expansion better than any quarter due to business seasonality, real estate trends, and inventory strategy.

  One billion dollars #Zudio revenue in FY25https://t.co/FIs9jscV28

  — Economic Times (@EconomicTimes) April 30, 2025

• SBI’s board of directors schedules a meeting on May 3 to consider the capital-raising plan for FY26 by issuing equity shares through a follow-on public offer (FPO), rights issue, or a qualified institutional placement (QIP).

• IndiaMART InterMESH is rising as its Q4FY25 net profit surges 81.3% YoY to Rs 180.6 crore, helped by lower finance and depreciation & amortisation expenses. Revenue grows 18.4% YoY to Rs 463.9 crore, led by improvements in the web & related services and accounting software services segments. It features in a screener of stocks with increasing revenue for the past eight quarters.

• Praj Industries falls sharply as its net profit declines 56.7% YoY to Rs 39.8 crore in Q4FY25 due to higher employee benefit expenses, finance costs, and depreciation. Revenue decreases 15.6% YoY to Rs 859.7 crore segments during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

• Bharat Petroleum Corp's Q4FY25 net profit declines 8.3% YoY to Rs 4,391.8 crore due to higher raw materials, excise duty, and depreciation & amortisation expenses. Revenue decreases 4.3% YoY to Rs 1.1 lakh crore during the quarter. It shows up in a screener of stocks with low Piotroski scores.

• Nifty 50 was trading at 24,287.30 (-48.7, -0.2%), BSE Sensex was trading at 80,370.80 (82.4, 0.1%) while the broader Nifty 500 was trading at 22,029 (-83.4, -0.4%).

• Market breadth is moving down. Of the 1,881 stocks traded today, 349 were on the uptick, and 1,479 were down.

Riding High:

Largecap and midcap gainers today include Macrotech Developers Ltd. (1,329, 3.2%), Bharat Petroleum Corporation Ltd. (320.85, 2.9%) and Hindustan Petroleum Corporation Ltd. (400.20, 2.3%).

Downers:

Largecap and midcap losers today include Bajaj Finance Ltd. (8,602.50, -5.4%), Bajaj Finserv Ltd. (1,960.50, -5.2%) and UCO Bank (31.05, -3.2%).

BSE 500: highs, lows and moving averages

1 stock took off, crossing 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stock touching their year highs included - Mazagon Dock Shipbuilders Ltd. (3,085.90, 1.9%).

Stock making new 52 weeks lows included - Sheela Foam Ltd. (649.50, -1.2%).

3 stocks climbed above their 200 day SMA including Cochin Shipyard Ltd. (1,664.10, 0.7%) and Aegis Logistics Ltd. (791.25, 0.1%). 11 stocks slipped below their 200 SMA including Nuvama Wealth Management Ltd. (6,014, -3.2%) and Archean Chemical Industries Ltd. (618.50, -2.7%).