The upcoming week is set to witness a flurry of activity as a number of Nifty 50 companies are set to release their financial performance for the final quarter of fiscal 2025, picking up the baton passed by the previous week.
Indian markets are also set to witness the first mainboard initial public offering of fiscal 2026 in the week ahead, as Dalal Street regains investor confidence after US President Donald Trump's slew of tariffs rattled markets worldwide.
Catch up with the week that was before moving on to the new week:
Markets This Week
The Nifty and Sensex reversed their best weekly gains in over four years to end marginally lower for the week, as quarterly earnings for the final quarter of fiscal 2025 yielded suboptimal results for most bigwigs.
Both the benchmark indices lost over 0.2% during the week, as compared to the 4.5% gain last week. The NSE Nifty 50 and BSE Sensex closed lower for the second session in a row on Friday.
FMCG bigshots were in the earnings spotlight. Hindustan Unilever Ltd. met expectations with its March-quarter results, posting a 4% rise in standalone net profit in line with Bloomberg estimates.
Nestlé India reported a 5% year-on-year decline in March-quarter profit, while Tata Consumer Products Ltd. beat Bloomberg consensus estimates for both revenue and profit, supported by a low base and exceptional gains, although rising tea costs impacted margins.
Domestic Cues: Q4 Earnings Season In Full Swing
Several Nifty companies are set to release their financial results for the quarter ended March 2025 in the upcoming week, with the likes of Bajaj Finserv Ltd., Trent Ltd., UltraTech Cement Ltd. and more in the fray.
This comes amid the opening of India's first mainboard IPO in the current fiscal — Ather Energy — as the turmoil induced by Washington's trade threats seems to reach a point of relative calm as investors regain trading confidence.
India is set for a four-day trading week, with May 1 Labour Day holiday cutting the week short.
Pahalgam Terror Attack: India Pakistan Tensions Rise
Gunmen opened fire on tourists in the Pahalgam valley in Kashmir on Tuesday, killing at least 26 people. The attack, which occurred in an area accessible only on foot or horseback, was claimed by the Resistance Front.
Eyewitnesses said the attackers singled out men and fired at close range. Some survivors told local media that the gunmen accused their victims of supporting Prime Minister Narendra Modi.
This marks the deadliest assault on civilians in the region since the Modi government revoked Jammu and Kashmir's special status in 2019.
India swiftly blamed Pakistan for the attack, downgrading diplomatic ties and suspending the Indus Waters Treaty — a key water-sharing agreement. Pakistan denied any involvement, warning that any attempt to divert water would be considered an "act of war". Modi vowed to hunt down those responsible "to the ends of the earth."
The week ahead may see tensions worsen between the two countries.
Global Cues
The US and the Euro Zone will be announcing their GDP figures this week on Wednesday. Both the powerhouses will also release their unemployment rate data for the month on Friday.
The US will release its manufacturing PMI data on Thursday. The Euro Zone is also set to release its core CPI data for April on Friday.
President Donald Trump's administration will continue to host foreign leaders and delegations to work out bilateral trade deals. Trump lent a 90-day pause to his April 9 tariffs, saying he expects countries to negotiate on mutually favourable terms.
Corporate Actions
Shares of HCL Technologies Ltd., 360 One WAM Ltd. and ABB India Ltd., will turn ex/record-date for the issue of dividends this week.
HCL Technologies will record its shareholders' roster on April 28 for its interim dividend of Rs 18 for financial year 2025.
360 One WAM's interim dividend of Rs 6 will have a record date of April 29 and ABB India (final dividend of Rs 33.5) will record their shareholders on May 3.
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