Nifty 50 opens higher after gaining 83.4 points in the pre-opening session. Indian indices closed flat on Friday. FIIs bought shares worth Rs 2,769.8 crore, while DIIs bought Rs 3,290.5 crore in Indian equities on the same day.
Nifty Smallcap 100 opens flat, while Nifty Midcap 100 opens in the green, tracking the benchmark index. Nifty IT opens higher, while Nifty PSU Bank opens lower. Investors look ahead to Q4FY25 & FY25 earnings announcements from companies like Mahindra & Mahindra, Coforge, and Indian Hotels today.
Most European indices closed higher on Monday except Russia’s RTSI and MOEX indices, which closed 2.8% lower, each. Major Asian indices are trading in the green, except Australia’s S&P ASX 200 index, which is trading 0.7% lower. US indices closed in the green on Friday, with the Dow Jones and S&P 500 closing 1.4% and 1.5% higher after the April employment data beats estimates, easing recession fears. Shell closed higher after announcing a $3.5 billion buyback as its Q1 net profit beat Forecaster estimates by 10%.
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Ircon International rises sharply as it secures a Rs 458.1 crore civil works contract from North Eastern Electric Power Corp (NEEPCO) for the Tato-I Hydro Electric project in Arunachal Pradesh. The project includes major infrastructure like tunnels, surge shafts, and a powerhouse and will be completed in 45 months.
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Gravita India rises sharply as its net profit surges 37.9% YoY to Rs 95.1 crore in Q4FY25. Revenue increases 20.1% YoY to Rs 1,037.1 crore, driven by higher sales from the lead and aluminium segments during the quarter. The company appears in a screener of stocks with increasing revenue every quarter for the past four quarters.
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Avenue Supermarts (DMart) is falling as its Q4FY25 net profit declines 2.2% YoY to Rs 550.9 crore due to higher raw materials, employee benefits and finance costs. However, revenue grows 16.9% YoY to Rs 14,896.9 crore owing to new store additions. It shows up in a screener of stocks where relative strength index (RSI) indicates price weakness.
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CDSL is falling as its net profit declines 22.5% YoY to Rs 100.3 crore in Q4FY25. Revenue decreases 4.3% YoY to Rs 255.7 crore due to the decline in new demat accounts. The company appears in a screener of stocks outperforming their industry in terms of price change for the quarter.
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AU Small Finance is falling as 92.3 lakh shares (1.4% stake) worth approximately Rs 600 crore reportedly change hands in a block deal at a floor price of Rs 650 per share. Private equity firms True North, Indium IV (Mauritius), and Silver Leaf Oak are likely the sellers in the transaction.
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Tata Motors reportedly resumes Jaguar Land Rover (JLR) vehicle exports from Britain to the US after pausing in April due to tariffs. JLR accounts for 69% of Tata Motors' total revenue.
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Bharti Airtel terminates discussions with the Tata Group for a potential merger of their DTH (Direct-To-Home) businesses after failing to reach a satisfactory resolution.
Bharti Airtel and Tata Group have terminated discussions for a merger of their direct-to-home (DTH) business, according to a Bombay Stock Exchange (BSE) filing on Saturday.
— businessline (@businessline) May 4, 2025
Click here to read more: https://t.co/9LhDbzM2RC -
Kotak Mahindra Bank falls sharply as its Q4FY25 net profit declines 14.1% YoY to Rs 3,551.7 crore due to higher provisions, employee benefits, and interest expenses. However, revenue grows 9.3% YoY to Rs 16,712.2 crore, driven by improvements in the corporate and retail banking segments. The bank's asset quality worsens as its gross NPA grows 3 bps YoY.
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City Union Bank is rising as its net profit grows 13% YoY to Rs 288 crore in Q4FY25. Revenue increases 11.5% YoY to Rs 1,532.7 crore, driven by improvements in the wholesale and retail banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs contract by 90 bps and 72 bps YoY, respectively.
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Indian Bank is rising as its Q4FY25 net profit grows 31.6% YoY to Rs 2,956.1 crore, helped by lower provisions. Revenue increases 10.1% YoY to Rs 18,599.2 crore, helped by improvements in the treasury operations, corporate and retail banking segments. The bank's asset quality improves as its gross and net NPAs decline YoY by 86 bps and 24 bps, respectively.
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State Bank of India is falling as its net profit declines 9.9% YoY to Rs 18,642.6 crore in Q4FY25. However, revenue increases 7.8% YoY to Rs 1,19,666.2 crore, driven by improvements in the treasury, wholesale, and retail banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs contract by 42 bps and 10 bps YoY, respectively.
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Nifty 50 was trading at 24,436.90 (90.2, 0.4%), BSE Sensex was trading at 80,661.62 (159.6, 0.2%) while the broader Nifty 500 was trading at 22,081 (75, 0.3%).
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Market breadth is neutral. Of the 1,972 stocks traded today, 990 were on the uptrend, and 915 went down.
Riding High:
Largecap and midcap gainers today include Marico Ltd. (724.35, 3.8%), Hindustan Petroleum Corporation Ltd. (396.55, 3.0%) and Adani Ports & Special Economic Zone Ltd. (1,300.80, 2.7%).
Downers:
Largecap and midcap losers today include Kotak Mahindra Bank Ltd. (2,098.10, -4.0%), Oil India Ltd. (396.95, -2.0%) and Oil And Natural Gas Corporation Ltd. (238.82, -1.9%).
BSE 500: highs, lows and moving averages
1 stock hit their 52 week highs,
Stock touching their year highs included - ICICI Bank Ltd. (1,442.70, 0.7%).
9 stocks climbed above their 200 day SMA including Adani Ports & Special Economic Zone Ltd. (1,300.80, 2.7%) and Nuvoco Vistas Corporation Ltd. (345.70, 2.3%). 10 stocks slipped below their 200 SMA including Data Patterns (India) Ltd. (2,278.90, -1.4%) and State Bank of India (790.95, -1.1%).
