SSPL WEALTH PVT LTD

End - Session

Detailed review of the post market session of the day.

Indices end flat with positive bias; Nifty closes above 24,300

29-Apr-25 17:09 Hrs IST

Domestic equity benchmarks ended the day with modest gains, buoyed by strong foreign and domestic institutional inflows that kept overall market sentiment upbeat. The Nifty managed to close above the 24,300 mark, signaling resilience despite a lackluster session.

IT, consumer durables, and energy stocks were among the top gainers, reflecting sector-specific optimism. In contrast, pharma and metal stocks came under pressure, capping broader market upside.

The session opened on a strong note but failed to sustain early momentum. Indices pulled back from the day's highs during the initial hours and then moved into range-bound trade for much of the session, as investors adopted a cautious stance.

Market participants remained focused on likely progress in tariff negotiations, with the backdrop of an eventful week ahead'marked by key corporate earnings and economic data releases that could influence sentiment further.

The S&P BSE Sensex added 70.01 points or 0.09% to 80,288.38. The Nifty 50 index rose 7.45 points or 0.03% to 24,335.95.

Bharat Electronics (up 3.90%), Trent (up 3.28%) and Reliance Industries (up 2.32%) boosted the indices.

In the broader market, the S&P BSE Mid-Cap index rose 0.23% and the S&P BSE Small-Cap index added 0.09%.

The market breadth was positve. On the BSE, 1806 shares rose and 1144 shares fell. A total of 133 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 2.53% to 17.37.

Numbers to Track:

The yield on India's 10-year benchmark federal paper was up 0.66% to 6.438 as compared with previous close 6.495.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.2550, compared with its close of 85.2375 during the previous trading session.

MCX Gold futures for 5 June 2025 settlement fell 0.68% to Rs 95,368.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.39% to 99.32.

The United States 10-year bond yield added 0.38% to 4.232.

In the commodities market, Brent crude for June 2025 settlement fell 98 cents, or 1.49% to $64.88 a barrel.

Global Markets:

The Dow Jones index futures were up 97 points, hinting at a positive opening in US stocks today.

Most European markets advanced on Tuesday, as investors parsed a flurry of earnings for indications of the impact of U.S. tariffs and global economic uncertainty.

Most Asian markets ended higher after U.S. President Donald Trump's administration said that it would move to reduce the impact of auto tariffs, while investors also assessed company earnings.

Meanwhile, market watchers were glued to updates on negotiations between the U.S. and various countries in the region, hoping for any signs of a breakthrough.

In Japan, markets were closed for a public holiday.

Back in the U.S., Wall Street served up modest gains on Monday. The Dow Jones Industrial Average added 0.3%, the S&P 500 inched up 0.1%, and the Nasdaq Composite dipped ever so slightly by 0.1%, as investors digested fresh comments from U.S. Treasury Secretary Scott Bessent.

In an interview, Bessent struck a cautiously optimistic tone, mentioning that many countries have offered very good tariff proposals to the U.S. He also emphasized that all parts of the U.S. government remain in touch with China ' although Beijing earlier insisted no talks had happened.

Investors are gearing up for a packed calendar, featuring the Federal Reserve's favorite inflation metric ' the PCE Price Index ' along with the highly anticipated monthly jobs report. Plus, first-quarter GDP numbers are due, which could set the tone for the markets heading into the summer.

The so-called Magnificent Seven megacaps ' Apple, Microsoft, Amazon, and Meta Platforms among them ' are all set to drop their earnings this week.

Stocks in Spotlight:

PNB Housing Finance surged 4.45% after the company's net profit increased by 25% year-on-year and 14% quarter-on-quarter to Rs 550 crore in Q4 March 2025. Net interest income grew by 16.2% YoY and 5.5% QoQ to Rs 734 crore during the quarter. Net Interest Margin stood at 3.75% in Q4 FY25 compared with 3.70% in Q3 FY25 and 3.65% in Q4 FY24. Gross Margin, net of acquisition cost, stood at 4.27% in Q4 FY25. The board recommended a dividend of Rs 5 per equity share for FY25.

UCO Bank jumped 3.82% after the bank's standalone net profit rose 24.1% to Rs 652.43 crore on 16.5% increase in total income to Rs 8,136.79 crore in Q4 FY25 over Q4 FY24.

Central Bank of India rose 3.69% after the bank's standalone net profit jumped 28.02% to Rs 1,033.55 crore, driven by a 7.57% rise in total income to Rs 10,432.56 crore in Q4 FY25 compared to Q4 FY24.

Hexaware Technologies rallied 3.77% after the company's consolidated net profit increased 2.6% to Rs 327.2 crore on 1.7% rise in revenue from operations to Rs 3,207.9 crore in Q1 CY25 over Q4 CY24.

Oberoi Realty fell 1.43% after the company's consolidated net profit tumbled 45.03% to Rs 433.17 crore on a 12.52% drop in revenue from operations to Rs 1,150.14 crore in Q4 FY25 over Q4 FY24.

Firstsource Solutions declined 1.21%. The company's consolidated net profit rose 20.37% to Rs 160.69 crore on a 29.86% jump in revenue from operations to Rs 2,167.77 crore in Q4 FY25 over Q4 FY25.

PCBL Chemical fell 3.54% after the company's consolidated net profit declined 9.7% to Rs 100.19 crore in Q4 FY25 as compared with Rs 110.95 crore in Q4 FY24. Revenue from operations dropped 8.23% to Rs 2,087.49 crore in Q4 FY25 as compared with Rs 1,928.78 crore in Q4 FY24.

Nippon Life India Asset Management fell 1.92% after the company's consolidated net profit tumbled 12.92% to Rs 298.60 crore in Q4 FY25, compared with Rs 342.92 crore in Q4 FY24. Total income jumped 5.17% to Rs 589.58 crore in the fourth quarter of FY25, as against Rs 560.57 crore posted in Q4 FY24.

Hatsun Agro Product slipped 4.20% after the company's consolidated net profit declined 17.52% to Rs 43.01 crore in Q4 FY25 as against Rs 52.15 crore in Q4 FY24. Revenue from operations rose 9.57% YoY to Rs 2,242.85 crore during the quarter ended 31 March 2024.

KFin Technologies added 2.40% after the company's consolidated net profit jumped 14.22% to Rs 85.05 crore in Q4 FY25 compared with Rs 74.46 crore in Q4 FY24. Revenue from operations increased 23.8% YoY to Rs 282.69 crore in Q4 FY25.

Aurobindo Pharma declined 2.97% after the company disclosed a fire incident at the manufacturing facility of its subsidiary, Lyfius Pharma, located in Andhra Pradesh.

Adani Green Energy declined 1.95%. The company reported a 53.33% surge in consolidated net profit to Rs 230 crore in Q4 FY25 as against Rs 150 crore reported in Q4 FY24. Total income increased by 15.38% YoY to Rs 3,278 crore in the quarter ended 31 March 2025.

Adani Total Gas shed 1.22%. The company reported a 9.65% fall in standalone net profit to Rs 149.38 crore in Q4 FY25 as against Rs 165.34 crore posted in Q4 FY24. Revenue from operations (excluding excise duty) increased by 14.57% YoY to Rs 1,335.85 crore for the quarter ending 31 March 2025, driven by higher volume, primarily in the CNG segment.

Coforge added 1.42% after the company said that its wholly owned subsidiary Coforge U.K. has entered into a share purchase agreement with Sapiens UK for the sale and transfer of the entirety of shareholding held by it in Coforge Advantage Go.

Vimta Labs gained 1.8% after the company reported a 31.2% increase in net profit from continuing operations to Rs 18.32 crore on a 31.4% rise in total income to Rs 96.08 crore in Q4 FY25 over Q4 FY24.

IPO Update:

The initial public offer of Ather Energy received bids for 1,50,79,352 shares as against 5,33,63,160 shares on offer, according to stock exchange data at 17:00 IST on 29 April 2025. The issue was subscribed 28%.

The issue opened for bidding on 28 April 2025 and it will close on 30 April 2025. The price band of the IPO is fixed between Rs 304 and Rs 321 per share. An investor can bid for a minimum of 46 equity shares and in multiples thereof.

Ather Energy, incorporated in 2013, is an Indian electric two-wheeler (E2W) company engaged in the design, development, and in-house assembly of electric scooters, battery packs, charging infrastructure, smart accessories, and supporting software systems.