Nifty 50 rose by 21.95 points (0.09%) to close at 24,596.15. Sensex gained 79.27 points (0.10%) to settle at 80,623.26. Bank Nifty advanced 110.00 points (0.20%) to end at 55,521.15.
- Dow Jones Futures rose 231.39 points (0.52%) to 44,423.51, indicating a bullish trend.
- European markets
- FTSE declined 25.93 points (−0.28%) to 9,138.38, showing slight weakness despite a very bullish YTD performance.
- CAC advanced 92.87 points (1.22%) to 7,727.90, though its technical rating remains bearish.
- DAX climbed 415.84 points (1.74%) to 24,340.20, supported by a bullish technical stance.
Global events/updates
US President Donald Trump and Russian President Vladimir Putin have agreed to meet in the “coming days”, a Kremlin aide has said. The US is considering imposing an additional 25% tariff on India, set to take effect after 21 days, allowing room for negotiations. While India’s purchase of Russian oil may be a factor, it’s not the only reason behind the move.
India plans to negotiate a resolution within this timeframe under the Bilateral Trade Agreement (BTA). Meanwhile, Indian oil PSUs have been actively sourcing crude globally based on competitive pricing and have increased oil imports from the US by about 120% in the past six months. Indian PSUs are also buying more oil and gas from US companies, with plans to scale up further.
- PM Modi-led Cabinet is scheduled to meet tomorrow.
- The agenda includes discussing U.S. tariff implications and exploring possible solutions.
- The Cabinet will also consider relief measures for sectors impacted by these tariffs.
- PM Modi stated that farmer welfare is more important and is ready to pay heavy price for that.
Stock news
- Deepak Fertilisers & Petrochemicals Corp Ltd – Management guides for a stable consolidated EBITDA margin in the 18-20% range, citing business mix and seasonality.
- Atul Auto Vijay Kedia Stock Holds 20.91%: Revenue Surged 13% YoY, (28% QoQ), Net Profit Surged 171% YoY, (65% QoQ).
- Knowledge Marine & Engineering Works Ltd (Ashish Kacholia Stock)
- The company has secured an ₹80.69 crore order from the Inland Waterways Authority of India (IWAI) for designing, constructing, and supplying 6 Work Boats and 6 Accommodation Boats.
- This 20-month contract marks KMEW’s formal entry into commercial shipbuilding and supports India’s National Waterway-1 project under the Government’s inland waterway infrastructure initiative.
- Esab India Ltd declared a dividend of Rs.42 Per Share today.
- 3M India Ltd: reported a 13.2% rise in net profit to ₹177.7 crore and a 14.3% increase in revenue to ₹1,196 crore. EBITDA grew 17.7% to ₹241.7 crore, with margins improving to 20.2% from 19.6% YoY.
- Emcure Pharma Ltd: Posted an EBITDA of ₹4.2 billion, up from ₹3.37 billion YoY, and an improved EBITDA margin of 19.8% versus 18.6% last year.
- Varroc Engineering reported a 22% rise in net profit to ₹201 crore, with revenue up 7% to ₹2,027.5 crore and EBITDA increasing 12% to ₹194.5 crore. Margins improved to 9.6% from 9% YoY.
- Apollo Pipes saw a 36% drop in net profit to ₹8 crore, as revenue fell 11% to ₹275 crore and EBITDA declined 29% to ₹20.5 crore. Margins contracted to 7.4% from 9.4% YoY.
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
| ITI Ltd. (6.9%) | Godfrey Phillips India Ltd. (-8.0%) |
| Kajaria Ceramics Ltd. (6.1%) | Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (-7.5%) |
| Firstsource Solutions Ltd. (5.9%) | Bayer Cropscience Ltd. (-5.7%) |
| Sapphire Foods India Ltd. (5.1%) | Reliance Power Ltd. (-5.0%) |
| Caplin Point Laboratories Ltd. (4.7%) | Bharat Heavy Electricals Ltd. (-4.9%) |
Conclusion
The markets remained range-bound with a slight upward bias, reflecting cautious optimism among investors amid global cues and ahead of key economic events.
Written by Manideep Appana
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