Markets at a Crossroads: Wall Street Futures Hold Steady, Asia Slips, Europe Drags—India Eyes Earnings Deluge Amid Liquidity Surge

Today's Market at 08:35am 

 

US Market (Futures)

      Nasdaq = -144.40

      Dow Jones = -114.10

      S&P 500 = -31.70

European (Futures)

      Ftse 100 = -25.40

      Cac 40 = 20.30

      Dax = +13.00

Asian

      Nikkei 225 = +1.01

      ASX 200 = +14.30

      Straits Times = +11.35

      Hang Seng = -16.11

      KOSPI = -19.49

      Taiwan weighted = -17.80

      Shanghai (SSE) = -4.52

Gift Nifty = 23328.00 (-102.00)

 

FII and DII Trading Activity for April 29, 2025 in Cash market: 

FIIs: Net Buy of ₹2,385.61 crore

DIIs: Net Buy of ₹1,369.19 crore

 

Results Today: 

Adani Power, Indus Towers, Indian Oil Corporation, Ajanta Pharma, Bandhan Bank, Coromandel International, CRISIL, Equitas Small Finance Bank, Exide Industries, Federal Bank, Godrej Agrovet, Greaves Cotton, Orient Green Power Company, Jindal Steel & Power, JSW Infrastructure, KSB, Paras Defence and Space Technologies, Phoenix Mills, Skipper, Sona BLW Precision Forgings, Sundram Fasteners, Ujjivan Small Finance Bank, Varun Beverages, and Vedanta will release quarterly earnings on April 30.

 

Results on May 1: 

Adani Enterprises, Adani Ports and Special Economic Zone, Eternal (Zomato), 5paisa Capital, Bondada Engineering, Home First Finance Company India, Jaiprakash Power Ventures Nuvoco Vistas Corporation, RailTel Corporation of India, and SIS will announce their March 2025 quarter earnings on May 1.

 

 Post Market Earnings Announcements: 

 

 Bajaj Finance Q4 (Consolidated YoY) 

- Profit grows 19% to Rs 4,546 crore Vs Rs 3,825 crore

- Net interest income soars 22% to Rs 9,807 crore Vs Rs 8,013 crore

- Assets under management (AUM) grows 26% to Rs 4,16,661 crore Vs Rs 3,30,615 crore as of 31March2024. 

- AUM grew by z 18,618 crore in 04 FY25.

- Board announces bonus equity shares in 4:1 ratio, stock split in 2:1 ratio

- Board recommends final dividend of Rs 44 per share, special dividend of Rs 12 per share

 

 Bajaj Finserv Q4 (Consolidated YoY): 

- Profit jumps 14.1% to Rs 2,416.6 crore Vs Rs 2,118.5 crore

- Revenue increases 14.2% to Rs 36,595.4 crore Vs Rs 32,040.8 crore

 

 Bharat Petroleum Corporation (BPCL) Q4 (Standalone QoQ) 

- Profit sinks 30.9% to Rs 3,214.1 crore Vs Rs 4,649.2 crore

- Revenue declines 1.7% to Rs 1,11,179 crore Vs Rs 1,13,136 crore

- Board recommends final dividend of Rs 5 per share

 

 Jana Small Finance Bank Q4 (YoY): 

- Profit tanks 61.6% to Rs 123.5 crore Vs Rs 321.7 crore

- Net interest income rises 0.9% to Rs 596.9 crore Vs Rs 591.8 crore

- Tax credit at Rs 3.64 crore Vs tax credit at Rs 155.2 crore

- Gross NPA falls to 2.71% Vs 2.80% (QoQ)

- Net NPA flat at 0.94% (QoQ)

 

 UTI Asset Management Company Q4 (Standalone YoY): 

- Profit drops 18% to Rs 124 crore Vs Rs 151.3 crore

- Revenue declines 3.2% to Rs 316.9 crore Vs Rs 327.5 crore

- Board recommends final dividend of Rs 26 per share, special dividend of Rs 22 per share

 

 Star Health and Allied Insurance Company Q4 (YoY): 

- Profit plunges 99.6% to Rs 0.51 crore Vs Rs 142.3 crore

- Net premium earned grows 11.9% to Rs 3,798.3 crore Vs Rs 3,395.3 crore

- Underwriting loss widens to Rs 275.2 crore Vs loss of Rs 91.8 crore

- Operating loss stands at Rs 86.9 crore Vs operating profit of Rs 90 core

 

 Ceat Q4 (Consolidated YoY): 

- Profit falls 8.4% to Rs 99.5 crore Vs Rs 108.6 crore

- Revenue increases 14.3% to Rs 3,420.6 crore Vs Rs 2,991.9 crore

- Board recommends dividend of Rs 30 per share

 

 Vishal Mega Mart Q4 (Consolidated YoY): 

- Profit zooms 88% to Rs 115.1 crore Vs Rs 61.2 crore

- Revenue grows 23.2% to Rs 2,547.9 crore Vs Rs 2,068.9 crore

 

 Shoppers Stop Q4 (Consolidated YoY): 

- Profit sinks 91.4% to Rs 1.99 crore Vs Rs 23.2 crore

- Revenue grows 1.7% to Rs 1,064 crore Vs Rs 1,046.3 crore

- Board appoints Nirvik Singh, Non-Executive Director, as Chairman of the company

- BS Nagesh retires as Chairman and Non- Executive Director

 

 CIE Automotive India Q4 (Consolidated YoY): 

- Profit drops 10.4% to Rs 206.4 crore Vs Rs 230.5 crore

- Revenue falls 6.4% to Rs 2,272.6 crore Vs Rs 2,426.8 crore

 

 Praj Industries Q4 (Consolidated YoY): 

- Profit sinks 56.7% to Rs 39.8 crore Vs Rs 91.9 crore

- Revenue drops 15.6% to Rs 859.7 crore Vs Rs 1,018.6 crore

 Schaeffler India Q1 (Consolidated YoY): 

- Profit grows 14.5% to Rs 251.6 crore Vs Rs 219.7 crore

- Revenue jumps 16.1% to Rs 2,174.4 crore Vs Rs 1,873.1 crore

 

 Indostar Capital Finance Q4 ((Standalone YoY): 

- Profit declines 36.5% to Rs 12.4 crore Vs Rs 19.6 crore

- Net interest income drops 21.7% to Rs 179.2 crore Vs Rs 228.7 crore

 

 Fedbank Financial Services Q4 (YoY): 

- Profit increases 5.9% to Rs 71.7 crore Vs Rs 67.7 crore

- Net interest income soars 34.6% to Rs 283.3 crore Vs Rs 210.5 crore

 

 IndiaMART InterMESH Q4 (Consolidated YoY): 

- Profit spikes 81.3% to Rs 180.6 crore Vs Rs 99.6 crore

- Revenue grows 12.8% to Rs 355.1 crore Vs Rs 314.7 crore

- Board recommends final dividend of Rs 30 per share, special dividend of Rs 20 per share

 

 Key Corporate Developments and Updates

 

 Infosys: 

- Launched Infosys Topaz for SAP S/4HANA Cloud, an AI-first suite to help enterprises integrate AI and Gen AI into their SAP S/4HANA Cloud transformation.

 

 State Bank of India (SBI): 

- Board meeting scheduled for May 3 to consider equity raising options for FY26 through FPO, rights issue, QIP, or other methods. 

- The board will also review March quarter and FY25 earnings.

 

 GlaxoSmithKline Pharmaceuticals: 

- Shareholders approved the re-appointment of Juby Chandy as Whole-time Director & CFO for two years starting April 1.

 MMTC: 

- IAS officer Nitin Kumar Yadav, Joint Secretary, Department of Commerce, appointed as Chairman & MD (additional charge) for one year, effective April 29.

 

 V-Mart Retail: 

- Board will consider issuing bonus shares on May 2.

 Prestige Estates Projects: 

- Received RERA approval and launched The Prestige City – Indirapuram residential project in NCR, with an estimated GDV of over Rs 9,000 crore.

 

 Strides Pharma Science: 

- US subsidiary Strides Pharma Inc acquired four approved ANDAs from Nostrum Laboratories Inc., USA, covering therapeutic areas like UTIs, pain, allergies, ADHD, and narcolepsy. 

- Market size for this portfolio is $57 million (IQVIA 2025 data).

 

 Alembic Pharmaceuticals: 

- Received Establishment Inspection Report (EIR) from US FDA for its Oncology formulation facility (F-2) at Panelav.

- Inspection was conducted on October 7–8, 2024.

 

 IndusInd Bank: 

- Sumant Kathpalia resigned as MD & CEO effective April 29, citing moral responsibility related to ongoing derivatives issues.

- Board has sought RBI approval to set up an interim Committee of Executives.

 

 Bulk Deal – Tata Technologies 

TPG Rise Climate SF Pte sold a 3.91% stake for Rs 1,068.04 crore at an average price of Rs 673.26/share.

 

 Block Deal – Samhi Hotels 

Blue Chandra Pte exited by selling its 3.96% stake at Rs 174.3/share, worth Rs 152.01 crore. Buyers included LGT Select Funds, BofA Securities Europe SA, CBJ, Citigroup, TT International, Steinberg India, and Tata Mutual Fund.

 

Source: Moneycontrol, NDTVPROFIT, NSE India, Investing.com