Stock Market Today: All You Need To Know Going Into Trade On April 25

Good morning!

The GIFT Nifty was little changed at 24,545, indicating a muted open for the Nifty 50.

Asian shares advanced after signals from the Trump administration pointed to progress in trade talks, and Federal Reserve officials indicated they may consider rate cuts sooner than expected.

On Thursday, The S&P 500 rose 2%, while Nasdaq 100 climbed 2.8% and Dow Jones Industrial Average gained 1.2%.

Back home, India's headline indices snapped a seven-day winning streak on Thursday. The Nifty 50 ended 82.25 points, or 0.34% down at 24,246.70, and the Sensex ended 315.06 points, or 0.39% lower at 79,801.43.

Axis Bank Ltd. and Tech Mahindra Ltd. were among the top companies that announced their quarterly results after Thursday's close. Investors are now watching out for Maruti Suzuki India Ltd. and Reliance Industries Ltd.'s quarterly results on Friday.

Here's a quick look at what could influence equities today.

Asian Cues

• S&P 500 futures rose 0.3%.

• Japan's Topix rose 1.2%.

• S&P/ASX 200 futures rose 0.9%.

• Euro Stoxx 50 futures rose 0.5%.

Get your quick fix of global markets here.

Commodities And Currencies

• The Bloomberg Dollar Spot Index fell 0.4%

• West Texas Intermediate crude rose 0.7% to $62.71 a barrel

• Spot gold increased 1.6% to $3,340.33 an ounce

London Metal Exchange

• Copper closed 0.1% higher, marking its third straight gain

• Nickel rose 1.1%

• Zinc advanced 1.8%, also its third consecutive gain

• Aluminium gained 0.7%, extending its rally to a second session

Nifty Earnings To Watch

• Reliance Industries

• Maruti Suzuki India

• Shriram Finance

Other Earnings To Watch

Hindustan Zinc, Zensar Technologies, Atul, Chennai Petroleum Corp., Cholamandalam Investment and Finance Co., DCB Bank, Force Motors, Kesoram Industries, Dr. Lal PathLabs, Lloyds Metals and Energy, L&T Finance, Bank of Maharashtra, Mahindra Lifespace Developers, Mahindra Holidays & Resorts India, Motilal Oswal Financial Services, Oracle Financial Services Software, Orient Electric, Poonawalla Fincorp, RBL Bank, Rossari Biotech, Tata Technologies, Tejas Networks, and VST Industries.

Earnings Reaction To Watch

Axis Bank Q4FY25 (Standalone, YoY)

• Net Profit flat at Rs 7,117.5 crore versus Rs 7,129.67 crore (Estimate: Rs 6,601.24 crore)

• Net Interest Income up 6% at Rs 13,811 crore versus Rs 13,089 crore (Estimate: Rs 14,008 crore)

• Net interest margin at 3.97%, up by 4 bps

• Provisions up 14.7% at Rs 1,359 crore versus Rs 1,185 crore.

• Gross NPAs at 1.28% versus 1.46% (QoQ)

• Net NPAs at 0.33% versus 0.35% (QoQ)

Cyient Q4 Highlights (Consolidated, QoQ)

• Revenue down 0.9% to Rs 1,909 crore versus Rs 1,926 crore.

• EBIT up 11.2% to Rs 235 crore versus Rs 211 crore.

• Margin to 12.3% versus 11%.

• Net profit up 39.3% to Rs 170 crore versus Rs 122 crore.

• Recommends Final Dividend Of Rs 14/Share.

SBI Life Insurance Q4 FY25 (Consolidated, YoY)

• Net Premium Income down 5% at Rs 23,860 crore versus Rs 25,116 crore.

• Net profit up 0.37% at Rs 813 crore versus Rs 810 crore.

• Annualized Premium Equivalent (APE) stands at Rs 5,450 crore with growth of 2.25% (YoY)

• Value of New Business (VoNB) stands at 1,660 cr with growth of 9.93%.

• Value of New Business margin up 351 Bps at 30.46% versus 26.95%

 Tech Mahindra Q4FY25 (Consolidated, QoQ)

• Revenue up 0.7% at Rs 13,384 crore versus Rs 13,286 crore (Bloomberg estimate: Rs 13,460.09 crore)

• Net Profit up 18.7% at Rs 1,167 crore versus Rs 983 crore (Estimate: Rs 1,083.9 crore)

• EBIT up 2% at Rs 1,378 crore versus Rs 1,350 crore (Estimate: Rs 1,875.14 crore)

• Margin At 10.3% versus 10.2% (Estimate: 13.9%)

• Other Income rise to Rs 173 crore versus Rs 16.5 crore

• PAT growth on the back of rise in other income

L&T Technology Services (Consolidated, QoQ)

• Revenue up 12.4% to Rs 2,982 crore versus Rs 2,653 crore (Bloomberg estimate: Rs 3,036 crore)

• Net Profit down 3.4% to Rs 311 crore versus Rs 322 crore (Bloomberg estimate: Rs 354.95 crore)

• EBIT down 6.6% at Rs 394 crore versus Rs 422 crore (Estimate: Rs 545.53 crore)

• EBIT Margin at 13.2% versus 15.9% (Estimate: 18%)

Indian Energy Exchange Q4FY25 (Standalone, YoY)

• Revenue up 16.7% to Rs 141.2 crore versus Rs 121 crore (Bloomberg estimate: Rs 145.27 crore)

• Net Profit up 18% to Rs 112 crore versus Rs 95.1 crore (Estimate: Rs 109.95 crore)

• Ebitda up 16% to Rs 121.87 crore versus Rs 104.61 crore (Estimate: Rs 129.6 crore)

• Margin at 86.3% versus 86.5% (Estimate: 89.2%)

Tanla Platforms Q4FY25 (Consolidated, QoQ)

• Revenue up 2.4% at Rs 1024 crore versus Rs 1000 crore.

• Ebitd down 1.46% at Rs 136.43 crore versus Rs 138.46 crore.

• Ebit margin down 52 bps at 13.32% versus 13.84%.

• Net profit down 0.84% at Rs 117 crore versus Rs 118 crore.

Macrotech Developers Q4 FY25 Highlights (Consolidated, YoY)

• Revenue up 5.1% at Rs 4,224 crore versus Rs 4,019 crore.

• Ebitda up 16.6% at Rs 1,221 crore versus Rs 1,047 crore.

• Margin expands to 28.9% versus 26%.

• Net profit up 38.5% to Rs 922 crore versus Rs 666 crore.

Aavas Financiers Q4 Highlights (YoY)

• NII up 14.34% at Rs 271 crore versus Rs 237 crore.

• Net Profit up 7.7% Rs 154 crore versus Rs 143 crore.

• GNPA at 1.08% vs 1.14%

• NNPA at 0.73% vs 0.81%

  SBI Cards Q4 Highlights (Standalone, YoY)

• NII up 14.48% at Rs 1,620 crore versus Rs 1,415 crore.

• Net Profit down 19% to Rs 534 crore versus Rs 662 crore. (Bloomberg estimate: Rs 511.11 crore)

• GNPA at 3.08% versus 3.24%

• NNPA at 1.46% versus 1.18%

Mphasis Q4 Highlights (Consolidated, QoQ)

• Revenue up 4.2% to Rs 3,710 crore versus Rs 3,561 crore.

• EBIT up 4% to Rs 567 crore versus Rs 545 crore.

• EBIT Margin Flat at 15.3%.

• Net profit up 4.2% to Rs 446 crore versus Rs 428 crore.

• Board recommends dividend of Rs 57 per share.

Stocks To Watch

• Power Grid Corp: The company's 85 MW Solar PV Power Plant that is located in Madhya Pradesh is set to start commercial operation.

• Container Corp: The company signed an MoU with the Railway Ministry, Petroleum Ministry and GAIL to develop LNG infrastructure at various terminals.

• BHEL: The company reported minor fire incident near its Bhopal unit. There is no damage to any machinery, plant or property and no injuries or casualties have been reported in the incident.

• PB Fintech: The company is set to make an investment of Rs 539 crore into the unit PB Healthcare Services.

• Rites: The company has received a railway order worth Rs 28 crore from Mahanadi Coalfields.

• RBL Bank: The bank has approved the re-appointment of Deepak Kumar as Chief Risk Officer for one year from May 1, 2025.

Trading Tweaks

• Price Band changes from no band to 20%: Berger Paints.

• Ex-Dividend: Muthoot Finance, Sanofi India.                      

• Ex-Stock Split: Ami Organics (1:2).

• List of securities shortlisted in Short-Term ASM Framework Stage 1: Cellecor Gadgets, Waaree Energies.

• List of securities to be excluded from ASM Framework: One Point One Solutions.

F&O Cues

• Nifty May Futures down by 0.3% to 24,375 at a premium of 129 points.

• Nifty May futures open interest up by 26%.

• Nifty Options April 30 Expiry: Maximum call open interest at 25,500 and maximum put open interest at 24,000.

• Put-Call ratio at 0.72, with highest change in Call open interest at 24,250.

• Securities in ban period: Nil

Currency/Bond

• Rupee closed 15 paise stronger at 85.27 against US dollar.

• The yield on the benchmark 10-year government bond closed flat at 6.32%.