Market Bizzz

Elara Securities India’s VP, Harshit Kapadia, suggests a three-pronged investment approach to the defence sector, encompassing PSUs, shipbuilding, and private companies. While PSUs currently dominate order flow, private firms are expected to grow significantly due to increased indigenization. Kapadia also highlights the export potential of Indian defence products, projecting substantial growth in the coming years.

Indian market anticipates a positive trading session on Monday. This follows encouraging global market trends. Nifty futures experienced a slight dip, while India VIX saw an increase. Options data suggests a trading range between 23,700 and 24,700. Motilal Oswal recommends buying L&T, Titan Company and HAL. Bharat Forge is also a buy for F&O strategy.

Just as the 90-day pause on Trump’s tariff plans brought some relief, fresh tensions with Pakistan have reintroduced uncertainty. History suggests such geopolitical flashpoints rarely cause lasting damage to Indian equities – be it Kargil, the Parliament attack, 26/11, or Pulwama.

Yes Bank shares will be in focus after Japan’s SMBC agreed to acquire a 20% stake for Rs 13,483 crore, valuing the bank at Rs 67,411 crore. SBI and seven private lenders will divest part of their holdings. The move follows the 2020 RBI-led rescue, positioning SMBC to play a key role in Yes Bank’s future.

As tensions escalate between India and Pakistan, a historical review shows past conflicts had limited impact on equity markets but often hurt GDP. Nifty reactions ranged from sharp rallies during Kargil to mild dips post-Pulwama. JM Financial notes that while past wars dented economic growth, India’s economy today is more resilient and better equipped to absorb shocks.

Q4 earnings across sectors show mixed trends, with BFSI, agrochemicals, and alco-beverages performing well. FMCG and IT remain soft, but a broader recovery is expected from Q2 onward.

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.