Indian stock markets are likely to be impacted today, tracking strong cues from global markets. As of 7:25 AM, GIFT Nifty was up by 126 points or 0.65% at 24,529, hinting at a potential rebound in the Nifty 50 index.
However, rising geopolitical tensions are keeping investors cautious. Pakistan has announced a complete halt to trade with India and issued a stern warning, stating that any attempt by India to block water flow would be considered an act of war. This escalation follows India’s accusation of Pakistan’s involvement in a deadly attack in Kashmir.
Global Market Overview
Asian markets displayed mixed trends, mostly influenced by the rally on Wall Street. Optimism is growing that the US Federal Reserve could lower interest rates sooner than expected.
- Japan’s Nikkei advanced 1.23%
- South Korea’s Kospi declined 0.63%
On Thursday, US stock indices posted strong gains:
- S&P 500 surged 2.03%
- Nasdaq climbed 2.74%
- Dow Jones rose 1.23%
Comments from Fed officials hinted at a possible rate cut as early as June, contingent upon clearer economic indicators.
Read More, HCL Technologies Interim Dividend of ₹18 Record Date on Monday, April 28, 2025.
April 24 – Market Recap
- BSE Sensex fell 315 points (0.39%) to settle at 79,801
- Nifty50 dropped 82.25 points (0.34%) to close at 24,246.70
- Foreign Institutional Investors (FIIs) were net buyers for the 7th consecutive session, pumping in ₹8,250.53 crore
- Domestic Institutional Investors (DIIs) offloaded shares worth ₹534.54 crore
Key Stocks in Focus Today
SBI Life Insurance
SBI Life posted a marginal rise in Q4 net profit to ₹813.51 crore from ₹810.8 crore YoY, impacted by higher costs and soft premium inflows. Premium income slipped 5% YoY to ₹23,860.71 crore.
Axis Bank
Axis Bank reported a net profit of ₹7,118 crore, slightly below ₹7,129 crore in the same quarter last year. Higher provisions and lower trading income weighed on results.
Persistent Systems
Persistent Systems reported a 25% YoY increase in net profit to ₹395.76 crore, while revenue jumped 25.2% to ₹3,242 crore, reflecting robust operational growth.
Adani Energy Solutions (AESL)
AESL’s net profit grew sharply by 79% YoY to ₹647.15 crore. Operational revenue also increased by 35.5% to ₹6,374.58 crore.
ACC Ltd
Despite a 20.4% YoY drop in net profit to ₹751.03 crore, ACC’s revenue rose 12.7% to ₹5,991.67 crore, supported by higher trade volumes and premium product sales.
Macrotech Developers (Lodha)
Lodha reported a 38.5% YoY rise in profit to ₹921.7 crore. Revenue stood at ₹4,224.3 crore, marking a 5.12% increase, though it missed market expectations.
PB Fintech
PB Fintech has invested ₹539 crore into its unit PB Healthcare Services, with total FY26 investments approved at ₹696 crore for the same.
Wipro
Wipro has launched a GitHub Centre of Excellence in Bengaluru, aimed at enhancing team collaboration and developer productivity through GitHub’s tools.
Conclusion
Although global trends are supportive, Indian markets may remain volatile due to escalating tensions with Pakistan. Investors will also focus on quarterly earnings from key players such as Axis Bank, Persistent Systems, and Adani Energy Solutions. As the earnings season progresses and geopolitical developments unfold, traders are advised to stay alert and exercise caution in their strategies.
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