Indian stock markets are likely to begin the week on a positive note, supported by favourable cues both globally and within the country.
The GIFT Nifty, which gives early signals of the Nifty50’s performance, was trading 124 points higher at 24,519 as of 8:00 AM, indicating a strong opening for domestic markets.
Several major Asian markets — Japan, South Korea, Hong Kong, and China — are closed today due to public holidays. In contrast, the Australian market traded lower after Prime Minister Anthony Albanese secured a second term in office — the first time in 21 years that an incumbent has been re-elected. The S&P/ASX 200 index was down by 0.24%.
On Friday, US markets closed on a strong note:
Back home, Indian benchmark indices also saw gains:
Avenue Supermarts, the company that owns DMart, reported its Q4 FY2025 results. The company posted a 2.6% year-on-year growth in standalone net profit, reaching ₹619.71 crore.
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Private sector lender Kotak Mahindra Bank released its results for the March quarter of FY25. The bank reported a 14% drop in standalone profit after tax (PAT), which now stands at ₹3,551 crore compared to the same period last year.
SBI, India’s largest public sector bank, also announced its Q4 FY25 results. The bank recorded a 10% decline in net profit, amounting to ₹18,642 crore on a year-on-year basis.
Azad Engineering, a company specialising in precision engineering, announced a significant international deal. It has signed a USD 53.5 million agreement with GE Vernova’s Steam Power Services to supply airfoils. These components will be used in the nuclear and thermal power sectors.
The government-run mining company NMDC reported a 15% increase in iron ore production for April, along with a 3% rise in mineral sales.
Tata Motors has announced its plan to raise up to ₹500 crore by issuing non-convertible debentures (NCDs).
BSE has entered into a Share Purchase Agreement to sell its 100% stake in BSE Institute Ltd (BIL) to AV Financial Experts Network for ₹16.9 crore. The deal is subject to the completion of certain pre-closing conditions.
JSW Steel informed that a ₹702 crore demand notice from the Deputy Director of Mines has been annulled by the Revisionary Authority, offering some relief to the company.
With upbeat global cues and key corporate earnings in play, Indian markets are set for an active start to the week. All eyes will be on stock-specific developments and Q4 results.
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.
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Published on: May 5, 2025, 8:52 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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