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Nifty Holds The Levels Above 24,800 Led By IT Stocks
Sensex Rises 321 Points To 81,633 & Nifty 81 Points To 24,834
Nifty Bank Gains 129 Points To 55,546 & Midcap Index 316 Points To 57,457
IndusInd Is Top Nifty Gainer, Up 2% Despite SEBI’s Insider Trading Order
IT Stocks Close Largely With Gains As US Court Blocks Trump Tariffs
Realty Stocks See Buying On +ve Brokerage Note, Prestige & DLF Top Gainers
Samvardhan Motherson Ends 2% Higher On +ve Commentary After A Miss In Q4
Cummins Targets Double-digit Growth In FY25, Stock Rises More Than 6%
Deepak Nitrite Reacts Positively To Q4 Results, Ends The Session 5% Higher
Eternal & Swiggy See Buying With Both The Stocks Rising 2-3%
Waaree Energies Surges 8% On An Order Win Of `1,500 Crore
Welspun Corp Moves 10% Higher After A Strong Showing In Q4
Market Breadth Remains Neutral, Advance-Decline Ratio At 1:1
Net loss at ₹45 crore vs loss of ₹177 crore (YoY)
Revenue up 6% at ₹743 crore vs ₹700 crore (YoY)
EBITDA at ₹64 crore vs EBITDA loss of ₹103 crore (YoY)
Auto components manufacturer Samvardhana Motherson International Ltd. reported its March quarter results on Thursday, May 29, which were weak on the operational front.
The shares of Century Ply are in focus after the company announced its Q4 results.
At 14:37 IST, the company shares stood at ₹784.00, after a gain of ₹8.75 or 1.13%
Century Ply Q4
Net Profit (RD)34% At ₹52.50 Cr Vs ₹79.50 Cr (YoY)
Revenue (GU)13% At ₹1,198.3 Cr Vs ₹1,060.7 Cr (YoY)
EBITDA (RD)1.80% At ₹134.6 Cr Vs ₹137 Cr (YoY)
Margin At 11.23% Vs 12.93% (YoY)
#4QWithCNBCTV18 | #AlkemLabs reports its Q4 earnings
Net Profit At ₹306 Cr Vs CNBC-TV18 Poll Of ₹400 Cr pic.twitter.com/EvOvLM4kAX
— CNBC-TV18 (@CNBCTV18Live) May 29, 2025
Net Profit Up 14.1% At ₹68 Cr Vs ₹59.60 Cr (YoY)
Revenue Up 10.50% At ₹2,247 Cr Vs ₹2,033 Cr (YoY)
EBITDA Up 33.3% At ₹429 Cr Vs ₹322 Cr (YoY)
Margin At 19.09% Vs 15.83% (YoY)
Shrinking margins, lagging deposit growth, and sputtering demand for credit are likely to make the financial year ending March 2026 a tough for India’s banks. While the Nifty Bank has outperformed Nifty50 (up 4.28%) this year so far, the forecast has only gotten dimmer for banking stocks, particularly after the recent growth warning from the country’s largest lender, State Bank of India.
Shares of Anil Agarwal-owned mining conglomerate Vedanta Ltd. recovered from the lows of the day to trade higher on Thursday, May 29, after receiving relief from the National Company Law Appellate Tribunal (NCLAT).
Ipca Labs shares are in focus, as the company announced its Q4 results.
Ipca Labs Q4
Net Profit (GU)14.1% At ₹68 Cr Vs ₹59.60 Cr (YoY)
Revenue (GU)10.50% At ₹2,247 Cr Vs ₹2,033 Cr (YoY)
EBITDA (GU)33.3% At ₹429 Cr Vs ₹322 Cr (YoY)
Margin At 19.09% Vs 15.83% (YoY)
Chief Economic Advisor (#CEA) says, India has a few silver linings. There will be some sectors which will be advantageous for India from the #tariff perspective
Further adds that aim for 6.3-6.8% growth in #FY26 seems like a reasonable aim, agreed by #IMF too https://t.co/RiDxBdhfYx pic.twitter.com/m6txYGgmtQ
— CNBC-TV18 (@CNBCTV18Live) May 29, 2025
Market Watch: Madanagopal Ramu, Sundaram Alternate Assets
On earnings
We feel that large-cap stocks lack earnings growth, even if you take a two to three-year view, there are many sectors in large-cap, like banks and IT sector, FMCG and even oil and gas together. They form almost like 60-70% of the Nifty. The earnings growth may not be in double digits, it will be in the higher single digit. So we feel that if you want to make money in the market, you can’t be exposed to these traditional sectors. You have to move beyond the large caps.
Mid cap valuations are looking higher, but it is looking higher because of the earnings growth in specific pockets being much, much better, and we feel comfortable in playing some of these segments, and even in Q4 segments like capital goods, NBFCs, and even some of the spaces in healthcare have delivered quite a good earnings beat.
So we feel that it’s better to approach the market, not on a capital basis, which is more traditional way of approaching the market. It’s better to approach stock-specific, sector-specific, and theme-specific, and there are segments within the market, even across the capital goods, which are offering high double-digit sort of earnings growth, even last year, when the overall Nifty earnings growth was in single digit.
So that’s the reason that we remain with the mid and small cap during the correction. And we have also made some sector rotations, but fairly remained more towards the mid and small cap space.
#YesBank to mull fundraise on June 3 via issuance of equity shares, debt securities or other means pic.twitter.com/BYfC5n0k5z
— CNBC-TV18 (@CNBCTV18Live) May 29, 2025
Shares of Bharat Rasayan Ltd. declined nearly 7% on Thursday, May 29, after the company reported a disappointing fourth-quarter earnings performance, even as its performance for the entire fiscal year was stable.
Shares of Balaji Amines Ltd. declined as much as 7% on Thursday, May 29, reacting to the company’s weak set of fourth quarter earnings. The stock has seen a recovery from the lows of the day.
Read More
Varun Beverages shares declined on Thursday. The company’s share price stands at ₹480.40 per share.
Yesterday, the Food Safety Regulator FSSAI Notified the Recycled-PET Material Norms For the Beverage Industry
New FSSAI Rules As Per Environ Min Rules Mandating 30% Recycled Plastic In PET Packaging By FY26
The shares of Wipro, one of the major tech companies in India, surged on Thursday. The company shares jumped by over 1%. This resulted in the breaking of the two-day losing streak.
The current price of the Wipro shares stands at ₹249.99.
India’s external debt to GDP ratio was lowest among emerging market peers; at 19.1% at Dec-end vs 18.5% in March 2024. The currency-deposit ratio fell to 15.4% as of March 21, 2025, from 15.9% a year earlier, reflecting a rise in digital payments
Average daily volume in the money market increased by 10 per cent to ₹5.5 lakh crore during 2024-25 from the previous year.
– Net household financial savings improved to 5.1% of gross national disposable income in FY24 from 4.9% a year earlier
RBI Annual Report | Domestic Outlook
Outlook For The Indian Economy Remains Promising In 2025-26
Positive Outlook Is Supported By Revival In Consumption Demand
Govt’s Continued Thrust On Capex While Adhering To Fisc Consolidation Path Augurs Well
Global Trade Post-protectionist measures, Geopolitical Tensions Pose Downside Risks
Prospects For Agriculture Sector Appear Favourable In 2025-26
Manufacturing Sector Is Expected To Gain Further Traction In 2025-26
Greater Confidence About A Durable Alignment Of Headline Inflation
Benign Infln Outlook & Moderate Growth Warrant Monetary Policy To Be Growth Supportive
Financial markets may exhibit sporadic episodes of volatility triggered by turbulent global financial markets in the wake of heightened uncertainty regarding the evolution of trade tariff policies, among others, says RBI
The RBI Annual Report for the fiscal year 2024-25 has laid emphasis on the ongoing volatility in the global market. According to the central bank, the global outlook for 2025 and 2026 remains clouded.
Shares of Samvardhana Motherson International Ltd., the manufacturer of automobile components, are trading with gains on Thursday, May 29, ahead of its fourth quarter results announcement.
Amid trade talks and a pause in tariffs by Trump, crude oil prices have surged in the recent session. The price of Brent crude spiked to $65.77 per barrel. Meanwhile, the price of NYMEX also rose to $62.77 per barrel.
#CNBCTV18Market | Godrej Properties down more than 2% after MS downgrades pic.twitter.com/Uqn6NRiunS
— CNBC-TV18 (@CNBCTV18Live) May 29, 2025
The shares of Apollo Microsystems surged on Thursday. The company shares traded in green with major gains for a third straight session. In the past three sessions, the company shares have risen by close to 30%. This comes after the company announced a deal for Avionic systems.
On Thursday, the company shares rose by over 3%. The current share price stands at ₹181.48 per share.
Shares of Suzlon Energy Ltd. declined by over 1.2%, having given up early gains on Thursday, May 29, ahead of their March quarter results announcement later in the day. The stock had opened higher for the fifth straight session before giving up the early gains.
#JustIn | #Coforge launches #Quasar GenAI Central & Quasar Marketplace to scale enterprise #AI adoption pic.twitter.com/PjIwUO6FLP
— CNBC-TV18 (@CNBCTV18Live) May 29, 2025
Cummins shares are on the rise; the company shares surged by 2%. This came to pass after the company announced its results.
Cummins India Ltd on Wednesday (May 28) reported a 7.2% year-on-year (YoY) decline in net profit at ₹521.37 crore for the fourth quarter that ended on March 31, 2025.
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