Market Bizzz

Broader markets are holding firm, with midcap, smallcap, and largecap indices all showing strength. Continued mutual fund inflows and SIP highs signal market confidence and potential for a broad-based rally.

Reliance Power announced a consolidated net profit of Rupees 126 crore for the January to March quarter. This is due to lower expenses. The company reported a loss in the same quarter last year. Total income saw a slight dip. However, total expenses decreased significantly. The company’s annual net profit stood at Rupees 2,947.83 crore.

Bank of America acquired stakes worth ₹502 crore in Angel One and Nuvama Wealth Management through block deals, even as Angel One reported a sharp earnings decline in Q4FY25.

A Sebi committee has recommended delta-based position sizing for index derivatives, with proposed limits of ₹100 billion gross and ₹15 billion net per firm, aiming to better align risk with actual market exposure.

Tensions have escalated sharply after India conducted precision missile strikes on May 6–7, targeting and destroying nine terror camps in Pakistan and Pakistan-occupied Kashmir. In response, Pakistan has carried out unprovoked shelling along the Line of Control, resulting in the deaths of at least 16 civilians.

The closing prices of four stocks from the Nifty500 pack rallied over 0.15% relative to the VWAP.

​Our view is that probably the worst of the tariffs we saw on April 2nd and from here tariffs are going to get a little more sane. We will see a lot of deals happening and so maybe four months later we will find that the tariff is not as bothersome, but in spite of that probably you are seeing a global economy which is going to slow down.

Coal India shares: Revenue from operations for the January–March 2025 quarter declined slightly by 1% to Rs 37,825 crore, compared to Rs 38,213 crore in the same period last year.

Dabur’s Q4FY25 consolidated net profit witnessed an 8% YoY decline, reaching Rs 320 crore, while revenue from operations saw a marginal increase of 0.6% to Rs 2,830 crore. The company declared a final dividend of Rs 5.25 per share.

Vallabh Bhanshali of Enam Group highlights India’s strong economic outlook amidst global volatility. International bodies acknowledge India’s growth in services and manufacturing. Bhanshali notes India’s strategic diplomacy, particularly concerning Pakistan and Afghanistan. He emphasizes India’s focus on democracy and long-term relationships. The market reflects both global uncertainties and India’s growing confidence.