Good morning!

The GIFT Nifty was up 0.21% at 24,476 as of 7:11 am, hinting at a positive start for Indian markets.

Asian markets opened on a cautious note, with investors bracing for a flood of key United States economic data — from jobs to inflation to growth figures — along with a barrage of tech earnings that could offer the first real clues about the fallout from President Donald Trump’s tariff war.

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Here’s everything that could influence Indian equities today: 

Asian Cues

  • Hang Seng futures fell 0.28%, Japan’s Topix climbed 0.86%, and Australia’s S&P/ASX 200 advanced 0.51%.

  • The yield on 10-year US Treasuries held steady at 4.21%.

Get your daily fix of global markets here.

Commodity Update

  • West Texas Intermediate crude declined 0.26% to $61.89 per barrel.

  • Spot gold declined 0.47% to $3,328.29 an ounce.

London Metal Exchange

  • Copper edged up 0.04% after closing lower. 

  • Nickel gained 0.45%, rebounding from a decline.

  • Aluminium rose 0.25% after snapping a three-day rally in the last session.

  • Zinc fell 0.49%, marking its second straight day of losses.

  • Lead climbed 1.16% after ending a four-day winning streak in the previous session.

US Markets Update

  • The S&P 500 rose 0.6%, locking in its longest winning streak since November with five straight gains. 

  • Meanwhile, the Nasdaq 100 dipped 0.03% as investors turned cautious ahead of key earnings from Microsoft Corp. and Meta Platforms Inc. 

Indian Market’s Yesterday

Back at home on Monday, the NSE Nifty 50 and BSE Sensex rebounded from a two-day slump as Reliance Industries share price led. Further, fear about the trade war reduced subsequently, supporting the emerging markets’ assets.

The Nifty 50 ended 289.15 points or 1.20%, higher at 24,328.50, and the Sensex ended 1,005.84 points, or 1.27%, higher at 80,218.37.

Foreign portfolio investors stayed net buyers of Indian equities for the ninth straight session on Monday as they obtained stocks worth Rs 2,817.6 crore.

Domestic institutional investors turned net buyers after three days of selling Indian equities, mopping up equities worth Rs 2,474.1 crore, according to provisional data from the National Stock Exchange.

Key Events To Watch

  • Prime Minister Narendra Modi will address the YUGM Conclave, at around 11 a.m., at Bharat Mandapam in New Delhi. It is a first-of-its-kind strategic conclave convening leaders from government, academia, industry, and the innovation ecosystem.

Nifty Earnings To Watch

  • Bajaj Finserv

  • Bajaj Finance

  • Trent

Other Earnings To Watch

Ambuja Cements, Star Health and Allied Insurance Co, Bharat Petroleum Corp, Ceat, CIE Automotive India, Fedbank Financial Services, Five-Star Business Finance, IndiaMart InterMesh, Indostar Capital Finance, Jana Small Finance Bank, PCBL Chemical, Praj Industries, Punjab & Sind Bank, Schaeffler India, Shoppers Stop, UTI Asset Management Co, Vishal Mega Mart and Welspun Specialty Solutions.

Earnings Reactions To Watch

Central Bank of India Q4 Highlights (YoY)

  • Net Interest Income down 4% to Rs 3,399 crore versus Rs 3,541 crore.

  • Gross NPA at 3.18% versus 3.86% (QoQ).

  • Net NPA at 0.55% versus 0.59% (QoQ).

  • Net profit up 28% to Rs 1,034 crore versus Rs 807 crore.

  • Provisions up 19.3% to Rs 844 crore versus Rs 707 crore, up 51% QoQ.

  • To raise funds up to Rs 5,000 crore via QIP, Preferential Issue & Others.

Castrol India Q1 Highlights (YoY)

  • Revenue up 7.32% to Rs 1,422 crore versus Rs 1,325 crore.

  • Ebitda up 4.78% to Rs 307.88 crore versus Rs 293.83 crore.

  • Ebitda margin down 0.52% to 21.65% versus 22.17%.

  • Net profit up 7.87% to Rs 233 crore versus Rs 216 crore.

UCO Bank Q4 Highlights (YoY)

  • Net Interest Income (NII) up 23% to Rs 2,698 crore versus Rs 2,187 crore.

  • Operating Profit up 33% to Rs 1,699 crore versus Rs 1,273 crore.

  • Provisions up 42% to Rs 663 crore versus Rs 467 crore, up 12% QoQ.

  • Gross NPA at 2.69% versus 2.91% (QoQ).

  • Net NPA at 0.5% versus 0.63% (QoQ).

  • Net profit up 24% to Rs 652 crore versus Rs 526 crore.

  • To raise up to Rs 2,700 crore via QIP, FPO, other means.

Adani Green Q4 Highlights (YoY)

  • Revenue up 21.6% to Rs 3,073 crore versus Rs 2,527 crore.

  • Ebitda up 31% to Rs 2,402 crore versus Rs 1,834 crore.

  • Margin to 78.3% versus 72.6%.

  • Net profit up 24% to Rs 383 crore versus Rs 310 crore.

Go Digit Q4 Highlights (YoY)

  • Total Income up 6% to Rs 2,855 crore versus Rs 2,692 crore.

  • Net profit to Rs 116 crore versus Rs 52.7 crore.

  • Gross Written Premium grew 10% to Rs 2,576 crore versus Rs 2,336 crore.

  • AUM grew by 25% to Rs 19,703 crore versus Rs 15,764 crore.

  • Combined Ratio for Q4 2025 is 111.3%, as compared to 108.8% in Q4 2024.

  • Combined Ratio for FY 2024-25 is 109.3% compared to 108.7%.

PNB Housing Finance Q4 Highlights (YoY)

  • Total Income up 13% to Rs 2,045 crore versus Rs 1,806 crore.

  • NII up 16.69% to Rs 727 crore versus Rs 623 crore.

  • Net profit up 27.8% to Rs 567 crore versus Rs 444 crore.

Fino Payments Bank Q4 Highlights (YoY)

  • Total Income up 23% to Rs 493.5 crore versus Rs 401 crore.

  • NII up 45.54% to Rs 26.78 crore versus Rs 18.4 crore.

  • Net profit down 5% to Rs 24 crore versus Rs 25.2 crore.

Firstsource Solutions Q4 Highlights (Consolidated, QoQ)

  • Revenue up 3.8% to Rs 2,168 crore versus Rs 2,088 crore.

  • EBIT up 13.4% to Rs 249 crore versus Rs 219 crore.

  • EBIT Margin to 11.5% versus 10.5%.

  • Net profit up 0.2% to Rs 161 crore versus Rs 160 crore.

Hatsun Agro Q4 Highlights (Consolidated, YoY)

  • Revenue up 9.6% to Rs 2,243 crore versus Rs 2,047 crore.

  • Ebitda down 2% to Rs 224 crore versus Rs 229 crore.

  • Margin to 10% versus 11%.

  • Net profit down 17.5% to Rs 43 crore versus Rs 52.2 crore.

Indegene Q4 Highlights (Consolidated, YoY)

  • Revenue up 12.2% to Rs 755.6 crore versus Rs 673 crore.

  • Ebitda up 6.3% to Rs 147.5 crore versus Rs 138.7 crore.

  • Ebitda Margin to 19.5% versus 20.6%.

  • Net profit up 24% to Rs 117.6 crore versus Rs 94.8 crore.

Oberoi Realty Q4 Highlights (Consolidated, YoY)

  • Revenue down 12.5% to Rs 1,150 crore versus Rs 1,314.7 crore.

  • Ebitda down 21.6% to Rs 618 crore versus Rs 788.5 crore.

  • Ebitda margin to 53.7% versus 60%.

  • Net profit down 45% to Rs 433 crore versus Rs 788 crore.

RPG Life Sciences Q4 Highlights (YoY)

  • Revenue up 12.7% to Rs 143 crore versus Rs 127 crore.

  • Ebitda up 23% to Rs 25 crore versus Rs 21 crore.

  • Margin to 17.8% versus 16.3%.

  • Net profit at Rs 117 crore versus Rs 13 crore.

  • Exceptional gain of Rs 109 crore.

AWL Agri Business Q4FY25 Highlights (Consolidated, YoY)

  • Revenue up 37.9% to Rs 18,229.6 crore versus Rs 13,222.8 crore (Bloomberg estimate: Rs 17,283 crore).

  • Net Profit up 21% to Rs 190.28 crore versus Rs 156.75 crore (Estimate: Rs 219.5 crore).

  • Ebitda up 25.6% to Rs 448 crore versus Rs 357 crore.

  • Margin at 2.5% versus 2.7%.

KFin Tech Q4 Highlights (Consolidated, YoY)

  • Revenue up 24% to Rs 283 crore versus Rs 228 crore.

  • Ebitda up 17.4% to Rs 123 crore versus Rs 105 crore.

  • Margin to 43.4% versus 45.9%.

  • Net profit up 14.9% to Rs 85 crore versus Rs 74 crore.

Adani Total Gas Q4 Highlights (Consolidated, QoQ)

  • Revenue up 3.6% to Rs 1,341 crore versus Rs 1,295 crore.

  • Ebitda up 1% to Rs 266 crore versus Rs 265 crore.

  • Margin to 19.9% versus 20.4%.

  • Net profit up 8.5% to Rs 154 crore versus Rs 142 crore.

Nippon Life AMC Q4 Highlights (Standalone, YoY)

  • Total Income up 6.8% to Rs 552.04 crore versus Rs 517.69 crore.

  • Net profit down 9% to Rs 296.00 crore versus Rs 325 crore.

Stocks To Watch

  • IndusInd Bank: Deputy chief executive officer Arun Khurana has resigned with immediate effect, citing recent accounting discrepancies in the bank’s derivatives business as the primary reason.

  • Gensol Engineering: The Enforcement Directorate conducted search and seizure operations at the company’s Ahmedabad and Gurgaon premises, seizing documents, electronic devices, and financial records. This development could lead to uncertainty and scrutiny for the company.

  • Avenue Supermarts: The company has expanded its retail presence by opening a new store in Madhya Pradesh, bringing the total number of stores to 418.

  • Aurobindo Pharma: The company had reported a fire incident at its manufacturing facility in Andhra Pradesh.

  • Tata Technologies: American private equity firm TPG Rise plans to sell approximately 4% of its stake (nearly 1.58 crore shares) in a price range of Rs 670-699 per share, offering a discount of up to 5% from the current market price.

  • HG Infra Engineering: The company’s arm received a provisional certificate for a project valued at Rs 1,123 crore.

  • Landmark Cars: The company has sold its Jeep Punjab business, consisting of two showrooms and one workshop, marking its complete exit from the state. This strategic move aims to consolidate operations and rationalise costs.

  • ITDC: The company has appointed Mugdha Sinha as its new managing director, which marks a change in the key leadership.

  • IOL Chemicals and Pharma: The company’s product “Ibuprofen” received approval from China’s Center for Drug Evaluation of National Medical Products, authorizing exports to the Chinese market.

  • Vimta Labs: The company’s board has approved a bonus share issue in the ratio of 1:1.

  • Morepen Laboratories: The company incorporated a new arm in a free zone in Dubai, UAE, with a capital of AED 50,000.

Media Reports

  • Mumbai-Ahmedabad bullet train project may get over by end-2028 said Maharashtra Chief Minister Devendra Fadnavis. (Source: PTI)

Bulk Deals

  • RBL Bank: Societe Generale bought 36.75 lakh shares (0.6%) at Rs 203.99 apiece.

Trading Tweaks

  • Price Band changes from 5 to 2%: Kesoram Industries.

  • Price Band changes from 20 to 10%: Carraro India.

  • Ex-Dividend: 360 One WAM.

  • Ex-Rights Issue: Max India

  • List of securities to be excluded from ASM Framework: Cupid, Rama Phosphates.

F&O Cues

  • Nifty May Futures up by 1.3% to 24,453 at a premium of 125 points.

  • Nifty May futures open interest up by 7.6%.

  • Nifty Options April 30 Expiry: Maximum call open interest at 25,000 and maximum put open interest at 24,000.

  • Put-Call ratio at 1.25, with highest change in Put open interest at 24,000.

  • Securities in ban period: RBL Bank

Currency Update

  • Rupee closed 42 paise stronger at 85.03 a dollar. On an intraday basis, the local currency jumped 50 paise to 84.95 a dollar, marking the highest levels since April 4. It closed at 85.45 a dollar on Friday.

  • The yield on the benchmark 10-year government bond ended three bps lower at 6.40.

. Read more on Markets by NDTV Profit.The Nifty 50 ended 1.20%, higher at 24,328.50, and the Sensex ended 1.27%, higher at 80,218.37.  Read MoreMarkets, Notifications 

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