Made ₹2 Lakh from ETFs? Here’s What You Owe in Taxes

Exchange-traded funds (ETFs) are steadily making their way into the investment mainstream. Thanks to their low expense ratios, transparency, and ease of access to multiple asset classes, more investors are beginning to view ETFs as a practical investment avenue. As interest continues to grow, it’s important to understand how ETFs are taxed in India.

The positive news? Taxation rules for ETFs have become more consistent. Since July 2024, all ETFs—regardless of whether they invest in equities, debt, commodities, or international markets—are classified as long-term if held for more than one year. This unified approach simplifies tax tracking.

However, while the classification is streamlined, the actual tax payable still depends on the nature of the ETF’s underlying investments.

ETF type Long-Term Capital Gains (Held > 1 year) Short-Term Capital Gains (Held ≤ 1 year)
Equity ETF 12.5% on gains exceeding ₹1.25 lakh per year 20%

Scenario 1: Manoj – Long-Term Capital Gain (Held for 2 Years)

Investment Details

  • Amount Invested: ₹5,00,000
  • Holding Period: 2 years → qualifies as long-term
  • Total Return: ₹2,00,000
  • Gains Eligible for Tax: ₹2,00,000 – ₹1,25,000 exemption = ₹75,000

Tax Calculation

  • 12.5% on ₹75,000 = ₹9,375

Final Outcome for Manoj

  • Tax Payable: ₹9,375
  • Post-Tax Gains: ₹2,00,000 – ₹9,375 = ₹1,90,625

Scenario 2: Suresh – Short-Term Capital Gain (Held for 1 Year or Less)

Investment Details

  • Amount Invested: ₹5,00,000
  • Holding Period: 1 year → qualifies as short-term
  • Total Return: ₹2,00,000
  • Gains Eligible for Tax: Full ₹2,00,000 (no exemption for short-term gains)

Tax Calculation:

  • 20% on ₹2,00,000 = ₹40,000

Final Outcome for Suresh

  • Tax Payable: ₹40,000
  • Post-Tax Gains: ₹2,00,000 – ₹40,000 = ₹1,60,000

Side-by-Side Comparison

Details Manoj (Held > 1 year) Suresh (Held ≤ 1 year)
Amount Invested ₹5,00,000 ₹5,00,000
Total Gain ₹2,00,000 ₹2,00,000
Holding Period 2 Years 1 Year
Type of Gain Long-Term Short-Term
Exempted Gain ₹1,25,000 ₹0
Taxable Gain ₹75,000 ₹2,00,000
Tax Rate 12.5% 20%
Tax Payable ₹9,375 ₹40,000
Net Profit After Tax ₹1,90,625 ₹1,60,000

Conclusion

ETF taxation in India has become more streamlined and investor-friendly, especially after the uniform rule was introduced in July 2024. Now, all ETFs—whether they invest in equities, debt, commodities, or global assets—are classified as long-term if held for more than one year.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Which FMCG Giant Delivered Higher Profit in Q4FY25: HUL Vs Tata Consumer Products

The fast-moving consumer goods (FMCG) sector remains a key driver of economic activity, reflecting the pulse of consumer demand and spending behaviour. As the fourth quarter of FY25 wraps up, leading FMCG companies have reported their earnings, showcasing varied performances amid a challenging operating environment. In this blog, we’ll take a closer look at the Q4FY25 earnings of two industry giants—Hindustan Unilever (HUL) and Tata Consumer Products (TCP).

HUL Q4FY25 Results Overview

Hindustan Unilever (HUL), one of India’s largest FMCG giants, reported a 3.7% year-on-year decline in its consolidated net profit for Q4 FY25, amounting to ₹2,464 crore, compared to ₹2,558 crore in the same quarter last year. The company also experienced a significant sequential decline of 17.4% in profit. However, its revenue showed a modest growth of 3.5% YoY, standing at ₹15,979 crore.

Segment-wise Performance (HUL)

  • Home Care: ₹5,818 crore (up from ₹5,715 crore)
  • Beauty & Wellbeing: ₹3,113 crore (up from ₹2,987 crore)
  • Personal Care: ₹2,124 crore (slightly up from ₹2,063 crore)
  • Foods: ₹3,886 crore (down from ₹3,911 crore)
  • Others (Exports and Consignment): ₹263 crore (up from ₹181 crore)

Looking forward, HUL expects demand conditions to improve gradually in the upcoming fiscal year, driven by its robust business fundamentals and strategic objectives.

Also Read: HUL Q4 FY25 Results: Net Profit Drops 3.7% YoY, Declares ₹53 Total Dividend for FY25

Tata Consumer Products Q4 FY25 Results Overview

Tata Consumer Products (TCP) also reported strong results in Q4 FY25, showcasing significant growth despite challenging market conditions. The company achieved a 17% YoY growth in revenue from operations, amounting to ₹4,608 crore for the quarter. Its full-year revenue reached ₹17,618 crore, marking a 16% increase compared to the previous year. TCP’s profit and volume growth were both impressive, particularly in its India and International businesses.

Segment-wise Performance (Tata Consumer Products):

  • India Beverages: 17% growth (+9% organic) for Q4, with full-year growth of 10% (+3% organic)
  • India Foods: 27% growth (+17% organic) for Q4, with full-year growth of 29% (+13% organic)
  • International Business: 5% growth (2% in constant currency) for Q4, with 7% growth (5% in constant currency) for the full year
  • Growth Businesses: ₹3,200 crore revenue for the year, representing 28% of the India business

Tata Consumer Products continues to make strides, especially in its growth segments, and expects its momentum to carry through into the next fiscal year.

Also Read: Tata Consumer Shares Fell Over 2%: Revenue Grew 17% in Q4FY25

HUL vs Tata Consumer

Metric Hindustan Unilever (HUL) Tata Consumer Products (TCP)
Revenue (Q4 FY25) ₹15,979 crore (3.5% YoY growth) ₹4,608 crore (17% YoY growth)
Net Profit (Q4 FY25) ₹2,464 crore (down 3.7% YoY) ₹349 crore (up 64% YoY)
EBITDA (Q4 FY25) ₹3,466 crore (slight increase) ₹625 crore (down 1% YoY)
Segment Performance (Top 3) Home Care: ₹5,818 crore, Beauty: ₹3,113 crore, Foods: ₹3,886 crore India Beverages: +17%, India Foods: +27%, International: +5% growth
Dividend (Final) ₹24 per share (₹53 total for FY25) N/A

Conclusion

Both Hindustan Unilever and Tata Consumer Products have demonstrated resilience and strategic agility in a challenging economic environment, though their performance dynamics are different. HUL experienced a slight decline in profitability and faced challenges with its foods segment but continued to show steady growth in other areas like beauty and home care. In contrast, Tata Consumer Products excelled in growth across its beverages and food segments, as well as in its international business, delivering robust profits and volume growth.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Tax Exemptions on Capital Gains from Mutual Funds and Shares: Key Provisions Explained

A taxpayer may not always be liable to pay tax on long-term capital gains (LTCG) and short-term capital gains (STCG) arising from the sale of equity mutual funds and shares. The Income-tax Act, 1961, provides several exceptions and exemptions that could apply based on an individual’s specific circumstances. These provisions aim to reduce or eliminate the tax burden on certain transactions, making the tax landscape more favourable for taxpayers.

Conditions Where Taxes are Exempt

LTCG and STCG on the sale of equity mutual funds and shares are exempt from taxation under the following conditions:

Income Below the Basic Exemption Limit

If a taxpayer’s total income, including capital gains, is below the prescribed basic exemption limit, no tax is payable on the capital gains derived from the sale of equity shares or mutual funds.

Non-Taxable Transactions

Certain transactions are not considered ‘transfers’ under the Income Tax Act and are, therefore, not subject to capital gains tax. For example, transfers made as gifts or through irrevocable trusts are excluded from taxation, provided the transfer is made by an individual or a Hindu Undivided Family (HUF).

Capital Gains Within the Exemption Limit

Under Section 112A of the Income Tax Act, long-term capital gains up to ₹1.25 lakh in a financial year from the sale of equity shares or equity-oriented mutual funds (where Securities Transaction Tax, or STT, has been paid) are exempt from tax.

Reinvestment Under Section 54F

LTCG on equity shares or mutual funds may also be exempt if the gains are reinvested in a residential house property, subject to specific conditions outlined in Section 54F. For reference, the basic exemption limit is ₹2.5 lakh under the old tax regime and ₹4 lakh under the new tax regime, effective from FY 2025-26.

Also Read: ITR Filing 2025: A Step-by-Step Guide to Using the ‘e-Pay Tax’ Feature

Conclusion

While taxpayers are generally required to pay tax on long-term and short-term capital gains from the sale of equity mutual funds and shares, there are various exemptions and exceptions available under the Income-tax Act, 1961. Understanding these provisions and ensuring compliance with the applicable conditions can significantly reduce or eliminate the tax liability on such transactions, making it essential for individuals to stay informed about their specific tax obligations.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mid-Day Top Gainers and Losers on April 25, 2025: SBI Life and Infosys Led Gainers

On April 25, 2025, as of 12:25 PM, the BSE Sensex was down 1.19% at 78,852.33, while the Nifty 50 was down 1.30% at 23,933.70. The mid-day top gainers and losers for the day are:

Mid-Day Top Gainers 

Symbol Open High Low LTP %chng
SBILIFE 1,723.50 1,762.00 1,651.10 1,677.50 4.31
INFY 1,475.50 1,501.70 1,463.50 1,484.30 0.88
TECHM 1,455.40 1,473.90 1,375.00 1,455.40 0.71
TCS 3,420.00 3,477.80 3,405.00 3,423.00 0.63
INDUSINDBK 822 826.5 807.35 821.35 0.2

Here’s a brief market update based on the top gainers:

SBI Life

SBI Life shares surged by 4.31%, reaching an intraday high of ₹1,762.00.

Infosys

Infosys shares gained 0.88%, with the stock climbing to ₹1,484.30

Tech Mahindra

Tech Mahindra shares inched up by 0.71%, maintaining stability around ₹1,455.40, despite overall market fluctuations.

TCS

TCS was slightly up by 0.63%, with the stock hovering at ₹3,423.00, supported by positive sector performance.

IndusInd Bank

IndusInd Bank moved up marginally by 0.2%, trading around ₹821.35 as it saw slight gains in early trading.

Mid-Day Top Losers

Symbol Open High Low LTP %chng
AXISBANK 1,177.00 1,179.90 1,146.00 1,152.70 -4.51
ADANIPORTS 1,236.30 1,243.40 1,181.20 1,188.20 -3.9
ADANIENT 2,450.10 2,459.50 2,323.50 2,350.40 -3.77
SHRIRAMFIN 698.9 705.6 670.8 671.4 -3.62
TRENT 5,334.00 5,356.00 5,105.00 5,143.00 -3.39

Here’s a brief market update on the top losers:

Axis Bank

Axis Bank shares fell by 4.51%, reaching ₹1,152.70 after releasing Q4FY25 earnings.

Adani Ports

Adani Port shares dropped by 3.9%, slipping to ₹1,188.20. 

Adani Enterprises

Adani Enterprises shares declined by 3.77%, with the stock falling to ₹2,350.40, amid market volatility.

Shriram Finance

Shriram Finance shares declined by 3.62%, trading at ₹671.40, reflecting weak market sentiment in the financial sector.

Trent

Trent shares dropped by 3.39%, with the stock falling to ₹5,143.00, as retail stocks faced broader market sell-offs.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

India Achieves Record-Breaking Cargo Movement in Inland Water Transport

India’s inland water transport (IWT) sector has achieved a major milestone with the Inland Waterways Authority of India (IWAI) reporting a record 145.5 million tonnes of cargo moved during the fiscal year 2024-25. This accomplishment highlights the success of sustained investments and policy measures aimed at improving the country’s inland waterway infrastructure. Additionally, the number of operational national waterways grew from 24 to 29, demonstrating a strategic shift towards multimodal connectivity and sustainable transport solutions.

Impressive Cargo Traffic Growth Over the Past Decade

Cargo traffic on India’s National Waterways has experienced a remarkable increase from 18.10 million metric tonnes (MMT) in FY-14 to 145.5 MMT in FY-25, with a compound annual growth rate (CAGR) of 20.86%. In FY-25, cargo movement showed a year-on-year growth of 9.34% compared to FY-24. Five key commodities—coal, iron ore, iron ore fines, sand, and fly ash—accounted for over 68% of the total cargo transported on the national waterways during this period. In 2023-24, passenger movement also reached 1.61 crore.

Expansion of National Waterways

Under the National Waterways Act, 2016, the IWAI has expanded the network of National Waterways (NWs) from 5 to 111. Since 2014, the Indian government has invested approximately ₹6,434 crore to enhance waterway infrastructure. The operational length of national waterways has increased from 2,716 km in 2014-15 to 4,894 km in 2023-24. Key projects include fairway maintenance, community jetties, floating terminals, multi-modal terminals (MMTs), inter-modal terminals (IMTs), and navigational locks.

To support business efficiency, the IWAI has introduced digital tools such as the Least Available Depth Information System (LADIS), River Information System (RIS), Car-D, the Portal for Navigational Information (PANI), and the Management Information and Reporting Solution (MIRS). Additionally, green initiatives like Hybrid Electric Catamarans and Hydrogen Vessels are being deployed to reduce pollution and boost river tourism.

Ambitious Targets and Sustainable Growth

The Indian government has set ambitious goals for the inland waterways sector, aiming to increase the share of freight moved via IWT from 2% to 5%. The target is to reach over 200 million metric tonnes of traffic by 2030, as part of the Maritime India Vision 2030, and exceed 500 million metric tonnes by 2047 under the Maritime Amrit Kaal Vision 2047.

Also Read: Best Water Stocks in India for March 2025

Conclusion

India’s focused development of inland waterways has yielded substantial results, with record-breaking cargo movements and significant infrastructure expansion. The combination of strategic investments, forward-thinking policies, and technological innovations positions the country to continue strengthening its inland water transport sector, driving both sustainable transportation and economic growth.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Feb 2025 Telecom Subscriber Data: Bharti Airtel and Reliance Jio Lead the Industry

According to the Telecom Subscription Data from the Telecom Regulatory Authority of India (TRAI) for February 2025, Indian telecom service providers Bharti Airtel and Reliance Jio saw an increase in wireless subscribers, while Vodafone Idea (Vi) and the state-owned BSNL experienced a decline in subscribers during the same period. The total number of wireless subscribers grew from 1,151.29 million at the end of January 2025 to 1,154.05 million by February 28, 2025, reflecting a 0.24% month-on-month growth.

Gains and Losses of Wireless Subscribers

Bharti Airtel gained 1.59 million new wireless subscribers, and Reliance Jio added 1.76 million. However, Vodafone Idea lost 20,720 subscribers. BSNL and MTNL, the 2 public sector telecom providers, lost 5,66,069 and 2,034 subscribers, respectively.

Market Share of Wireless Operators

As of February 28, 2025, private telecom operators controlled 92.03% of the wireless subscriber market. In comparison, BSNL and MTNL held a combined market share of just 7.97%. Within this, Reliance Jio led with a 40.52% share (467.58 million subscribers), followed by Bharti Airtel with 33.67% (388.55 million), and Vodafone Idea with 17.84% (205.90 million). BSNL and MTNL had 7.89% (91.01 million) and 0.09% (1 million) market shares, respectively.

Wireless Broadband Subscribers

In wireless broadband (both fixed and mobile), Reliance Jio led with 465.10 million subscribers, followed by Bharti Airtel with 280.76 million, Vodafone Idea with 125.87 million, and BSNL with 30.87 million subscribers. These figures for Jio and Airtel are based on reports from November 2024.

Wireline Market Share

The wireline subscriber base grew from 35.03 million at the end of January 2025 to 36.91 million at the end of February 2025, marking an increase of 1.88 million subscribers and a growth rate of 5.36%. In the wireline segment, Reliance Jio led with a 34.45% market share, adding 93,689 subscribers, while Bharti Airtel had a 27.29% share with 107,690 new subscribers. Vodafone Idea reported a 2.26% share, losing 6,734 subscribers, and BSNL grew its share to 20.91%, adding 1.7 million users.

Active Wireless Subscribers

Out of the total 1,154.05 million wireless subscribers in February 2025, 1,068.37 million were active, representing 92.58% of the total base. Bharti Airtel reported the highest peak VLR (Visitor Location Register) at 99.90%, followed by Reliance Jio at 95.38%. BSNL’s VLR was 64.15%, Vodafone Idea’s was 85.18%, and MTNL reported the lowest at 45.44%.

Also Read: TRAI Released Telecom Subscription Data: Jio Recorded Market Share of 50.43% in Dec 24

Conclusion

The Indian telecom sector experienced steady growth in February 2025, with Bharti Airtel and Reliance Jio leading the charge in subscriber additions, particularly in the wireless and 5G FWA segments. While private operators continue to dominate the market with a combined 92.03% share, public sector providers like BSNL and MTNL saw declines in their subscriber bases.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Axis Bank Share Price Fell Over 4%: Released Q4FY25 Earnings, Dividend of ₹1 Per Share

On April 25, 2025, Axis Bank share price dropped over 4%, reaching a day low of ₹1151.95 at 10:15 AM, after opening at ₹1183.95 on BSE. The fall in Axis Bank share price follows the release of Q4FY25 earnings on April 24, 2025. The board recommended a dividend of ₹1 per share for FY25 on shares with a face value of ₹2.

Axis Bank Q4FY25 Earnings

Axis Bank, India’s 4th -largest private lender by market capitalisation, posted a marginal 0.20% year-on-year (YoY) decline in standalone net profit for the fourth quarter of FY25, with earnings coming in at ₹7,117.50 crore, compared to ₹7,129.67 crore in the same period last year.

During Q4FY25, the bank’s total interest income rose by 6.9% YoY to ₹31,242.51 crore, up from ₹29,224.54 crore a year ago. Net interest income (NII) grew 6% YoY, reaching ₹13,811 crore. However, net interest margin (NIM) for Q4FY25 narrowed to 3.97%, down 9 basis points from 4.06% in Q4FY24.

Axis Bank’s operating profit for Q4FY25 rose 2% YoY to ₹10,752 crore. Operating expenses saw a 6% YoY increase during the quarter.

Balance Sheet and Deposits Growth

The bank’s balance sheet expanded by 9% YoY to ₹16,09,930 crore as of March 31, 2025. Deposits showed a 7% quarter-on-quarter (QoQ) and 10% YoY growth. CASA (current and savings accounts) deposits rose to form 41% of total deposits, up from 39% at the end of Q3FY25.

Axis Bank’s total advances climbed 8% YoY and 3% QoQ, reaching ₹10,40,811 crore. Retail loans contributed ₹6,22,897 crore—60% of net advances—and grew 7% YoY and 3% QoQ. About 72% of retail loans were secured, with home loans making up 27% of the retail portfolio.

  • Home loans: Up 1% YoY
  • Personal loans: Up 8% YoY
  • Credit card advances: Up 4% YoY

The SME loan segment continued to diversify and saw robust growth of 14% YoY and 4% QoQ, reaching ₹1,18,521 crore. Corporate loans increased 8% YoY.

Asset Quality Update

As of March 31, 2025, gross non-performing assets (GNPAs) fell to 1.28%, from 1.46% at the end of December 2024. Net NPAs were also lower at 0.33%, compared to 0.35% in the previous quarter. Gross slippages during the quarter were ₹4,805 crore—lower than ₹5,432 crore in Q3FY25, but higher than ₹3,471 crore in Q4FY24.

Also Read: What is the History of Axis Bank?

Conclusion

Axis Bank’s Q4FY25 earnings showcase its focus on reimagining end-to-end journeys and transforming the core and becoming a partner of choice for ecosystems.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

L&T Tech Shares Fell Over 5%: PAT Slipped ~9% in Q4FY25, Proposed Final Dividend of ₹38 Per Share

On April 25, 2025, L&T Technologies Services shares (LTTS) slipped over 5%, reaching a day low of ₹4,165.90 at 09:30 AM, after opening at ₹4,380.00 on BSE. The fall in LTTS share price follows the release of Q4FY25 earnings on April 24, 2025, whereby the company reported a drop in the net profit for both Q4FY25 and FY25.

The Q4 results marked the highest-ever total contract value (TCV) bookings in the company’s history. The strong pipeline of large deals, particularly in the technology and sustainability sectors, was a key driver of this success. Despite tightening market conditions, the company achieved a remarkable 10.7% sequential growth in Q4, demonstrating resilience and adaptability.

L&T Technology Q4FY25 Results

During Q4FY25, the company has demonstrated a strong growth trajectory, with notable increases across key financial metrics. The revenue for Q4FY25 stood at ₹29,824 million, reflecting a robust 17.5% YoY growth and a 12.4% QoQ increase. Additionally, the EBIT margin for the quarter was reported at 13.2%, and net profit reached ₹3,111 million. The company also made significant strides in its innovation efforts, surpassing the 1,500 patent filings mark, with 190 patents in the fields of AI and Gen AI.

LTTS FY25 Results

For FY25, the company recorded a revenue of ₹1,06,701 million, marking a 10.6% growth over the previous year. The EBIT margin for FY25 was reported at 14.9%, and net profit for the year reached ₹12,667 million.

L&T Tech Proposed Final Dividend

In line with its strong performance, the Board of Directors recommended a final dividend of ₹38 per share, underscoring the company’s solid financial health and commitment to delivering value to its shareholders.

Major Achievement in FY25

In addition to its impressive financial results, L&T Technology Services made several strategic moves during the quarter. One of the major milestones was the completion of the acquisition of Intelliswift, which positions the company to expand its footprint in service-led sectors and cater to new markets. The company also achieved several notable achievements during FY25, including crossing INR 10,000 crore in annual revenue, surpassing 1,500 patent filings, and earning recognition as a Great Place to Work™ in both the U.S. (for the second consecutive year) and Japan (for the first time ever).

Also Read: How L&T Technology Services Evolved Historically?

Conclusion

L&T Technology’s FY25 results indicate the continued commitment of the company to drive innovation and enhance its intellectual property portfolio to support its growth and technology leadership.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Nifty Set to Start May F&O Series: Key Events to Watch in May 2025

On April 25, 2025, the May Futures & Options (F&O) series is poised to open on a cautious note. While the GIFT Nifty initially indicated a gap-up opening, it failed to hold onto early gains. As of 8:55 AM, the index had slipped 0.15% to 24,489.50, reflecting a mixed market sentiment.

The Nifty closed out the April series with its second straight monthly gain, posting an impressive rise of 655 points. Yet, the bigger headline is the market’s strong recovery, rebounding over 2,500 points from the lows seen earlier in the series. This sharp turnaround underscores a resilient bullish undertone despite intermittent volatility.

Rollover Trends

Nifty rollovers into the May series came in at 79%—just below the three-month average of 80.1%, yet marking an uptick from April’s 76.1%, signaling a modest pickup in trader confidence heading into the new series.

Series Rollovers (%)
May 79.10%
April 76.10%
March 83.60%
February 80.80%

Open Interest Snapshot

At the onset of the May series, Nifty’s open interest stands at 1.15 crore shares—its lowest level since January—reflecting a noticeable decline from the past three months and indicating a more cautious buildup in positions.

Month Nifty Open Interest
May 1.15 crore
April 1.24 crore
March 1.68 crore
February 1.73 crore
January 1.12 crore

Key Events to Watch in May 2025

The trajectory of the markets in May 2025 is expected to be shaped by a mix of domestic cues and global developments. Here are the key factors that could drive sentiment:

  • Q4 Earnings Season: Corporate results for the March quarter will be in sharp focus. Investors will look for strong performance and forward-looking guidance to validate the recent market rebound and sustain momentum.
  • FOMC Policy Decision (May 7): The U.S. Federal Reserve’s upcoming interest rate decision could act as a major global catalyst. Any shift in tone regarding inflation, rates, or economic growth may ripple across emerging markets, including India.
  • Global & Geopolitical Developments: Broader macroeconomic signals and geopolitical headlines—particularly comments or actions from U.S. President Donald Trump—could inject volatility and influence risk appetite.

Also Read: NSE Revises F&O Expiry Days: Monthly, Quarterly, and Weekly Contracts Shift to Monday

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

These Mid and Small Cap Shares to Trade Ex-Date on April 25: Do You Own Any?

On April 25, 2025, Muthoot Finance shares will trade ex-date, meaning that the shareholders registered in the company’s books will be eligible for the ₹26 interim dividend. In addition, the leading pharmaceutical giant, Sanofi India shares, will trade ex-date as it has fixed the record date for its ₹117 final dividend as April 25.

Dividend History

Ex-Date Dividend Type Dividend Amount (₹)
Muthoot Finance
May 31, 2024 Interim 24.00
April 18, 2023 Interim 22.00
April 25, 2022 Interim 20.00
Sanofi India Limited
May 3, 2024 Final 117.00
Mar 7, 2024 Interim 50.00
April 28, 2023 Final 94.00

Management Take on Financials

Muthoot Finance

Mr. George Jacob Muthoot, Chairman, The Muthoot Group, said, “We are glad to report continued growth momentum on a quarter-on-quarter basis with our Consolidated Loan Assets Under Management crossing another milestone of Rs. 1,11,000 crores, while our Standalone Loan AUM surpassing Rs. 97,000 crores. The contribution of subsidiaries stands at 14%. Additionally, our Consolidated Profit after Tax for 9M FY25 increased by 19% YoY to Rs. 3,908 crores. Amid favourable macroeconomic indicators, the union budget’s positive tax reform announcements are expected to start a consumption cycle, combined with a steadfast commitment to the fiscal deficit target, the general economic outlook looks promising.

Also Read: Muthoot FinCorp Joins Hands with BankBazaar to Launch Digital Gold Loans

Sanofi India Limited

Rodolfo Hrosz, Managing Director, Sanofi India Limited “In a year of significant transformation for the company, we have successfully brought to market Soliqua® – our best-in-class diabetes drug for the premix segment, which has received encouraging acceptance. Our efforts to reach more HCPs through partnerships for the Cardiovascular and CNS (Central Nervous System) categories have advanced as planned, with initial promising results. We will continue to focus on driving further improvement in operating efficiencies while expanding the availability of established and innovative products in India.”

 

 

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