
Nifty 50 closed at 24,008 (-265.8, -1.1%), BSE Sensex closed at 79,454.47 (-880.3, -1.1%) while the broader Nifty 500 closed at 21,675.55 (-167.5, -0.8%). Market breadth is in the red. Of the 2,386 stocks traded today, 794 were on the uptick, and 1,562 were down.
Indian indices closed in the red amid escalating tensions with Pakistan. The Indian volatility index, Nifty VIX, rose around 3% and closed at 21.6 points. Titan closed 4.2% higher as its Q4FY25 net profit grew 13% YoY to Rs 871 crore, driven by inventory destocking. Revenue increased 18.8% YoY due to improvements in the watches & wearables, jewellery, and eyecare segments.
Nifty Smallcap 100 closed lower, while Nifty Midcap 100 ended flat. Nifty Financial Services and Nifty FMCG closed in the red. According to Trendlyne’s sector dashboard, Healthcare Equipment & Supplies emerged as the worst-performing sector of the day, with a fall of 4.2%.
European indices are trading in the green. Major Asian indices closed mixed. US index futures are trading mixed, indicating a cautious start to the session. Investors look ahead to key trade talks between US and Chinese officials this weekend in Switzerland. Meanwhile, Shopify, ConocoPhillips, Coinbase and Kenvue are set to report their earnings later today.
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Money flow index (MFI) indicates that stocks like RR Kabel, Ceat, KPR Mill, and MRF are in the overbought zone.
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Bharti Airtel Chairman Sunil Mittal is in advanced talks to acquire a 49% stake worth $2 billion in Haier's India unit. He has reportedly partnered with PE firm Warburg Pincus for the deal.
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Infibeam Avenues' board of directors approves a fundraising of up to Rs 700 crore through the rights issue of equity shares.
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Intellect Design Arena is rising as its Q4FY25 net profit surges 93% QoQ to Rs 135.3 crore. Revenue grows 19.8% QoQ to Rs 748.5 crore during the quarter. It appears in a screener of stocks with high Trendlyne momentum scores.
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Hospitality, travel & tourism stocks like Easy Trip Planners, Yatra, and Chalet Hotels decline amid concerns over disrupted travel, weaker tourism demand, and reduced discretionary spending due to rising India-Pakistan tensions. With 24 airports temporarily closed under Operation 'Sindoor' and increased military activity, analysts warn of short-term challenges for the sector unless tensions ease soon.
Shares of travel, tourism, and hospitality companies decline amid escalating tensions between India and Pakistan.
— NDTV Profit (@NDTVProfitIndia) May 9, 2025
Read here: https://t.co/09ToVuVcxO pic.twitter.com/8pkNJdxVzZ -
Mahindra & Mahindra Financial Services' board of directors approves a rights issue at Rs 194 per share and sets the record date as May 14. The issue involves 15.4 crore shares worth Rs 2,996 crore.
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Jindal Stainless' Q4FY25 net profit grows 18% YoY to Rs 591 crore, driven by inventory destocking and lower purchases of stock-in-trade. Revenue increases 7.9% YoY to Rs 10,198.3 crore during the quarter. The company appears in a screener of stocks with increasing revenue every quarter for the past three quarters.
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EPL rises as its Q4FY25 net profit surges 5.1x YoY to Rs 114.3 crore, helped by lower raw materials and finance costs and reduced exceptional losses. Revenue grows 6.7% YoY to Rs 1,115.8 crore, driven by improvements in the Americas, Europe, and East Asia Pacific (EAP) markets. It features in a screener of stocks with improving net profit margins on a QoQ and trailing twelve month (TTM) basis.
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According to NielsenIQ, rural demand for consumer goods slowed in the March quarter but still grew four times faster than in urban areas. FMCG demand in rural India rose to 8.4% in Q4, down from 9.2% in Q3FY25, while urban growth eased to 2.6% from 4.2%. The firm notes that higher unit growth than volume growth suggests a consumer shift toward smaller pack sizes.
Rural demand for consumer goods slowed down in the March quarter but growth was four times faster than in urban areas, said @NielsenIQ
— Business Standard (@bsindia) May 9, 2025
Demand for #FMCG in rural #India stood at 8.4% in the March quarter, compared to 9.2% in Oct-Dec of 2024. Urban demand growth moderated to 2.6%,… pic.twitter.com/kG2254sE4n -
Kalyan Jewellers India is rising as its revenue grows 36.6% YoY to Rs 6,181.5 crore in Q4FY25, marginally beating Forecaster estimates. Net profit rises 36.3% YoY to Rs 187.6 crore, driven by higher gold prices. The company appears in a screener of stocks with rising quarterly net profit and profit margin (YoY).
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IIFL Finance rises sharply as its net profit grows 5.1X QoQ to Rs 207.7 crore in Q4FY25, driven by a 28% rise in assets under management (AUM). However, its net profit and revenue declines YoY by 44.4% and 9.2%, respectively, during the quarter. The company shows up in a screener of stocks where mutual funds increased their shareholding in the past quarter.
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Aarti Industries is rising as its Q4FY25 net profit beats Forecaster estimates by 56.1% despite falling 27.3% YoY to Rs 96 crore due to higher raw material and energy costs. Revenue increases 9.9% YoY to Rs 1,949 crore, driven by higher volumes across key product segments such as Nitro Toluene, NCB, and Ethylation-based chemicals during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.
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Ashok Sonthalia, CFO of Titan, projects a growth of over 15-20% for the jewellery business in FY26 and margins in the range of 11-11.5%. He believes that rising gold prices will impact consumer sentiment, but will not permanently damage it. He notes that the company is simultaneously working on growing the studded jewellery space and gold jewellery.
Titan says
Jewellery Guidance for FY26
???? Growth +15%-20%
???? Margin band re-iterated at 11-11.5%
???? Rising Gold prices affect consumer sentiment, but will not permanently damage it ????@TanishqJewelry https://t.co/Itydz42BYd— Nigel D'Souza (@Nigel__DSouza) May 9, 2025
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Birla Corporation board approves a Rs 3,475 crore investment to set up a 3.7 MTPA brownfield clinker manufacturing unit in Madhya Pradesh and two greenfield grinding units with a total capacity of 3.4 MTPA in Uttar Pradesh.
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Britannia Industries is rising as its Q4FY25 net profit grows 4% YoY to Rs 560 crore. Revenue increases 8.9% YoY to Rs 4,495.2 crore during the quarter. It shows up in a screener of stocks with improving cash flow from operations in the last two years.
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Brigade Enterprises acquires an 11-acre land parcel in Bengaluru for a commercial project. The project has a gross development value (GDV) of around Rs 2,000 crore.
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According to data released by the Association of Mutual Funds in India (AMFI), mutual funds' net inflows stand at Rs 2,76,827 crore in April, compared to outflows of Rs 1,64,435 crore in March. Meanwhile, monthly equity inflows decline to Rs 24,269 crore in April from Rs 25,082 crore last month.
#NewsAlert | April AMFI Data: Inflow at ?2,76,827 cr vs Outflow at ?1,64,435 cr@amfiindia #mutualfunds pic.twitter.com/1k73hfth0L
— ET NOW (@ETNOWlive) May 9, 2025
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Zydus Lifesciences receives final approval from the US FDA for its Glatiramer Acetate injection. The injection is used to treat multiple sclerosis, a nerve disease. According to IQVIA, the drug has a market size of $719 million in the US as of March 2025.
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Senores Pharmaceuticals acquires the US FDA-approved abbreviated new drug application (ANDA) for Tramadol tablets from APDM Pharmaceuticals. These tablets are used to treat arthritis and back pain. According to IQVIA, the drug had a market size of $61.9 million in 2024.
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Pidilite Industries' net profit grows 40.5% YoY to Rs 427.5 crore in Q4FY25. Revenue increases 9.2% YoY to Rs 3,221.5 crore, driven by volume growth across the consumer and industrial segments. The firm appears in a screener of stocks where foreign institutional investors (FII) increased their stakes in Q4FY25.
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Morgan Stanley maintains an 'Underweight' rating on Asian Paints with a target price of Rs 2,126. The brokerage expresses concern over increased competitive pressures, rising raw material costs, and weakening demand in the Indian paint industry. It maintains a cautious growth outlook, factoring in the disappointing Q4 results.
Morgan Stanley maintains 'underweight' rating on #AsianPaints after Q4 results.
For more, visit our Research Reports section: https://t.co/x9gNkEkqzy pic.twitter.com/V8gBVdjuk5— NDTV Profit (@NDTVProfitIndia) May 9, 2025
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Biocon's Q4FY25 net profit surges 154.2% YoY to Rs 344.5 crore, helped by lower raw materials, finance and tax expenses. Revenue grows 12.3% YoY to Rs 4,453.9 crore, led by improvements in the generics, biosimilars, and research services segments. It appears in a screener of stocks with rising net profit and profit margin QoQ.
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Titan rises sharply as its Q4FY25 net profit grows 13% YoY to Rs 871 crore, driven by inventory destocking. Revenue jumps 18.8% YoY to Rs 15,032 crore, attributed to improvements in the watches & wearables, jewellery, and eyecare segments. It features in a screener of stocks with superstar investor buys.
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Union Bank of India is rising as its net profit surges 50.6% YoY to Rs 4,984.9 crore in Q4FY25. Revenue increases 5.1% YoY to Rs 27,695.2 crore, driven by improvements in the treasury and retail banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs contract by 116 bps and 40 bps YoY, respectively.
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Larsen & Toubro is rising as its net profit grows 25.1% YoY to Rs 5,497.3 crore in Q4FY25. Revenue increases 10.9% YoY to Rs 74,392.3 crore, driven by higher sales from infrastructure projects, energy projects, and hi-tech manufacturing segments during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.
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Markets opened on a low note. Nifty 50 was trading at 24,080.80 (-193, -0.8%), BSE Sensex was trading at 79,880.55 (-454.3, -0.6%) while the broader Nifty 500 was trading at 21,617.10 (-226.0, -1.0%)
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Market breadth is overwhelmingly negative. Of the 2,054 stocks traded today, 159 were on the uptick, and 1,864 were down.
Riding High:
Largecap and midcap gainers today include YES Bank Ltd. (20.02, 9.8%), Union Bank of India (122.90, 6.3%) and Bharat Forge Ltd. (1,165.60, 4.7%).
Downers:
Largecap and midcap losers today include Indian Hotels Company Ltd. (718.75, -4.2%), Mahindra & Mahindra Financial Services Ltd. (244.25, -4.2%) and Macrotech Developers Ltd. (1,234.30, -4.2%).
Movers and Shakers
17 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included KPR Mill Ltd. (1,306.25, 9.9%), YES Bank Ltd. (20.02, 9.8%) and Supreme Petrochem Ltd. (702.60, 7.3%).
Top high volume losers on BSE were Mahindra & Mahindra Financial Services Ltd. (244.25, -4.2%), DLF Ltd. (631.70, -3.6%) and Mahindra Lifespace Developers Ltd. (305.65, -3.3%).
Craftsman Automation Ltd. (4,867.50, 6.3%) was trading at 7.5 times of weekly average. Union Bank of India (122.90, 6.3%) and Cera Sanitaryware Ltd. (5,832, 5.6%) were trading with volumes 6.4 and 5.3 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
2 stocks made 52 week highs, while 9 stocks were underachievers and hit their 52 week lows.
Stocks touching their year highs included - KPR Mill Ltd. (1,306.25, 9.9%) and Redington Ltd. (259.35, 4.8%).
Stocks making new 52 weeks lows included - Central Bank of India (34.15, -0.6%) and Syngene International Ltd. (614.10, 0.6%).
6 stocks climbed above their 200 day SMA including Union Bank of India (122.90, 6.3%) and Devyani International Ltd. (176.74, 2.4%). 33 stocks slipped below their 200 SMA including Multi Commodity Exchange of India Ltd. (5,670.50, -5.6%) and Jyoti CNC Automation Ltd. (1,134.50, -4.3%).