Benchmarks trade with decent gains; APSEZ jumps over 7%

The key benchmark indices traded with moderate gains in afternoon trade, driven by easing global trade tensions, persistent foreign inflows, and a continued increase in India's foreign exchange reserves, which have increased for the eighth consecutive week. Nifty traded tad above the 24,450 mark.

At 01:30 IST, the barometer index, the S&P BSE Sensex, gained 284.90 points or 0.35% to 80,786.89 The Nifty 50 index rose 102.90 points or 0.42% to 24,449.60.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rallied 1.14% and the S&P BSE Small-Cap index gained 0.87%.

The market breadth was strong. On the BSE, 2,423 shares rose and 1,483 shares fell. A total of 180 shares were unchanged.

Economy:

India's foreign exchange reserves (Forex) rose by USD 1.983 billion to USD 688.129 billion in the week that ended on April 25, extending gains for the eighth straight week, official data released by the Reserve Bank of India (RBI) this week showed.

The RBI data shows that foreign currency assets (FCAs) witnessed an uptick of USD 2.168 billion, reaching USD 580.663 billion.

In the reported week, the gold reserves with the RBI declined by USD 207 million, standing at USD 84.365 billion.

The Special Drawing Rights (SDRs), which are kept with the International Monetary Fund (IMF), witnessed a rise reaching USD 18.589 billion, up USD 21 million in the reporting week.

India's foreign exchange reserves rose USD 8.310 billion to USD 686.145 billion in the week that ended on April 18.

Gainers & Losers

Adani Enterprises (up 7.22%), Adani Ports & Special Economic Zone (APSEZ)(up 7.02%), Trent (up 3.93%), Shriram Finance (up 3.55%) and Mahindra & Mahindra were the major Nifty gainers.

Adani Ports & Special Economic Zone (APSEZ) jumped 7.02% after the company handled 375 MMT of total cargo volumes during the April 2025, which is higher 4% on a year on year (YoY) basis

Kotak Mahindra Bank (down 4.96%), ONGC (down 2.05%), Dr Reddy's Laboratories (down 1.18%), Axis Bank (down 1.03%) and JSW Steel (down 0.97%) were the major nifty losers.

Kotak Mahindra Bank dropped 4.96% after the private lender's standalone net profit fell 14.07% to Rs 3,551.74 crore in Q4 FY25 as against Rs 4,133.30 crore posted in Q4 FY24. However, total income rose 9.33% year on year (YoY) to Rs 16,712.23 crore in the quarter ended 31 March 2025.

Stocks in Spotlight:

State Bank of India (SBI) slipped 1.12% after the bank's standalone net profit declined by 9.93% year-on-year (YoY) to Rs 18,642.59 crore in Q4 FY25, compared to Rs 20,698.35 crore reported in Q4 FY24. However, total income increased 12.04% YoY to Rs 1,43,876.06 crore in the quarter ended 31 March 2025.

Avenue Supermarts (Dmart) declined 1.19% after the company's consolidated net profit fell 2.19% to Rs 550.90 crore in Q4 FY25 as compared with Rs 563.25 crore in Q4 FY24. Revenue from operations jumped 16.86% YoY to Rs 14,871.86 crore during the quarter ended 31st March 2025.

Marico rallied 4.04% after the company reported a 7.86% jump in consolidated net profit to Rs 343 crore in Q4 FY25 as compared with Rs 318 crore in Q4 FY24. Revenue from operations increased 19.84% to Rs 2,730 crore during the quarter as compared with Rs 2,278 crore in Q4 FY24. Meanwhile the company's board recommended final dividend of Rs 7 per equity share of Re 1 each. The record date was fixed as Friday, 1 August 2025. It will be paid on or before Sunday, September 7, 2025.

Mahindra & Mahindra added 2.03% after the auto major's standalone net profit surged 21.85% to Rs 2,437.14 crore in Q4 FY25 as against Rs 2,000.07 crore recorded in Q4 FY24. Revenue from operations increased 24.50% year on year (YoY) to Rs 31,353.40 crore in the quarter ended 31 March 2025.

Netweb Technologies India surged 13.27% after the company's consolidated net profit jumped 44.97% to Rs 42.99 crore on 55.95% increase in revenue from operations to Rs 414.65 crore in Q4 FY25 over Q4 FY24.

RR Kabel surged 14.23% after the company's consolidated net profit jumped 64.04% to Rs 129.13 crore on a 26.44% increase in revenue from operations to Rs 2,217.84 crore in Q4 FY25 over Q4 FY24.

Global market:

The US Dow Jones index futures were currently down by 226 points, signaling a negative opening for US stocks today.

European market traded mixed on Monday, with U.K. markets closed for a bank holiday, as investors looked ahead to the latest economic data and corporate earnings reports due this week.

Data released on Monday showed that Swiss inflation fell to 0% in April compared to the same month a year earlier. Consumer price data from Turkey is also expected. On the earnings front, several major companies are due to report in the coming days including Novo Nordisk, BMW, Maersk and Commerzbank.

Central Banks across Europe will also be in focus this week, with Sweden's Riskbank, Norway's Norges Bank and the Bank of England among those announcing their latest interest rate decisions.

Asian markets advanced as investors looked ahead to the upcoming U.S. Federal Reserve policy meeting later this week.

China stated last week that it is considering trade discussions with the United States, emphasizing that any talks must be based on mutual sincerity and the removal of unilateral tariffs. This statement followed recent U.S. comments indicating a willingness to resume negotiations.

Markets in Japan, South Korea, Hong Kong, and China were closed due to public holidays.

In the United States, equities closed higher on Friday, supported by gains in the financial, industrial, and oil and gas sectors. The Dow Jones Industrial Average rose by 1.39%, the S&P 500 gained 1.47%, and the NASDAQ Composite advanced 1.51%.

Apple Inc. shares declined by over 3% following the company's announcement of approximately $900 million in expected tariff-related costs for the upcoming quarter. Although Apple reported fiscal second-quarter earnings that exceeded expectations'driven by stronger-than-anticipated iPhone sales'concerns over tariffs tempered investor sentiment.

Amazon stock ended marginally lower after the company issued softer guidance for the current quarter and reported slower growth in its cloud computing division.

U.S. nonfarm payrolls increased by 177,000 in the previous month, exceeding expectations and suggesting continued strength in the labor market despite trade policy uncertainties. This followed a downwardly revised gain of 185,000 in March. The unemployment rate remained steady at 4.2%, while average hourly earnings rose by 0.2%, down slightly from the previous month's 0.3% increase.

The Federal Reserve is set to begin its two-day policy meeting on Tuesday. It is widely expected to keep interest rates unchanged amid global economic uncertainty. Fed Chair Jerome Powell recently indicated a cautious stance, citing inflation concerns linked to trade tariffs, despite calls from President Donald Trump and Treasury Secretary Scott Bessent to reduce policy rates.

Powered by Capital Market - Live News