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WEEKLY MARKET REPORT
The Indian equity indices extended the gain in the second consecutive week ended April 27 amid volatility led by persistent FII buying, expectations of a positive outcome from US-India trade talks, mixed Q4 earnings, and geopolitical tensions post Pahalgam terror attack.
For the week, the BSE Sensex index added 659.33 points or 0.83 percent to close at 79,212.53, and Nifty50 rose 187.7 points or 0.78 percent to close at 24,039.35. From April till now, both the main indices rose more than 2 percent each.
Considering the broader indices, the BSE Large-cap Index added 0.6 percent and the BSE Mid-cap Index rose 1.3 percent, while the BSE Small-cap index ended with marginal gains.
Among sectors, the Nifty Information Technology index rose 6.5 percent, the Nifty Auto index added 3 percent, Nifty Realty and Pharma indices rose 1.6 percent each. However, the Nifty Media index fell 2 percent, and the Nifty Consumer Durables index shed nearly 1 percent.
This week, Tata Consultancy Services added the most to its market value, followed by HCL Technologies, Reliance Industries, and Infosys. On the other hand, Bharti Airtel, Adani Ports and Special Economic Zone, and Hindustan Unilever lost most of their market capitalisation.
The Foreign Institutional Investors (FIIs) extended their buying in the second week as they bought equities worth Rs 17,796.39 crore, while Domestic Institutional Investors (DIIs) purchased equities worth Rs 1,131.81 crore.
The Indian rupee ended marginally lower against the US dollar at 85.44 per dollar on April 25 against the April 17 closing of 85.37.
ECONOMY
India’s Forex Reserve surges to $686.15 billion
The Foreign Exchange reserves of the country increased for a seventh consecutive week and stood at a six-month high of $686.15 billion. The reserves rose by $8.3 billion in the reported week, after increasing by a cumulative $39.2 billion in the prior six weeks. India’s FX reserves are now about $19 billion away from the record high of $704.89 billion hit in late September. Changes in foreign currency assets are caused by the central bank’s intervention in the forex market as well as the appreciation or depreciation of foreign assets held in the reserves. For the week, the rupee had gained about 0.8%
Samsung to Invest $117 Million in Tamil Nadu Facility
South Korea’s leading electronics brand will invest 10 billion rupees ($117.09 million) in its plant near Chennai, Tamil Nadu. This investment aims to expand the production of refrigerators, televisions, and washing machines, and is expected to create 100 additional jobs in the facility. The decision follows recent labor unrest at the plant, including a sit-in protest and a five-week strike over wage increases and union recognition. Despite ongoing tensions with the workers’ union, Samsung maintains that it complies with all relevant laws.
STOCKS IN NEWS
Reliance Industries
The first Indian company to cross the Rs 10 lakh crore mark in terms of net worth recorded a double-digit growth in the telecom and retail segments for the quarter ended March 2025, which both boosted the overall topline as well as bottomline of the company. Meanwhile, the company’s shares have risen over 2 percent in the past week, and the full year showed steady financial performance driven by operational discipline, customer-centric innovation, and India’s growth needs.
Axis Bank
India’s fourth-largest private sector lender reported a standalone netprofit of net profit of ₹7,117.50 crore for the March quarter of FY25, registering a fall of 0.2% from ₹7,129.67 crore in the year-ago period. The shares of the company have decreased by 4.5 percent during the week. But the shares have surged over 22 percent in the last three months.
UltraTech Cement
Cement major UltraTech’s shares have gone up over 1.5 percent in the past trading week, and the company is set to announce its Q4FY25 earnings on April 28. Brokerages estimate that cement companies, including UltraTech, could post higher revenue and margins driven by increased volumes and stronger cement prices. According to a Moneycontrol poll of seven brokerages, revenue is expected to rise 13 percent year-on-year from Rs 20,419 crore in Q4FY24.
Vodafone Idea Limited
Nokia Solutions and Networks India Private Limited sold 102.7 crore shares or 0.95 percent stake in the telecom major at an average price of Rs 7.65. On the flipside, Goldman Sachs (Singapore) Pte – ODI bought 59,86,43,729 shares of Vodafone Idea at a weighted average price of Rs 7.65.
L&T Finance
The shares of the company increased nearly 2 percent after the company reported a 15 percent jump in consolidated net profit at Rs 636 crore for the quarter ended March 31, 2025. It reported a net profit of Rs 554 crore in the year-ago period.
Source – Moneycontrol, Reuters