Sensex and Nifty Closing Updates, 29th April, 2025: Sensex closes at 80,288.38, Nifty closes at 24,335.95

Indian benchmark indices closed higher on Tuesday, recovering from earlier dips, as market sentiment remained influenced by a mix of domestic corporate news and global cues. The Sensex settled 70 points higher at 80,288.38, while the Nifty settled 7.45 points higher above the 24,300 level at 24,335.95. 

Corporate Actions and Sectoral Shifts

Several individual stocks saw notable movements. Reliance Industries Ltd (RIL) was a prominent gainer, rising 2.20% by the close. RIL's shares have been in focus, trading at their highest level since October 2024 and gaining over 7% in the last two sessions. The company's FMCG division has rapidly become India’s 8th largest within two years. In contrast, Tata Technologies shares slid 6%, following reports that public shareholder TPG Rise Climate Sf Pte. Ltd. likely sold a 3.95% stake via a bulk deal. A block deal saw 1.6 crore shares change hands for ₹1,094 crore at ₹683 per share.

Among other movers, IndusInd Bank was listed among the top gainers, despite anticipating a potential net loss or sharp drop in profitability for the March quarter due to a ₹1,959 crore charge from derivative losses. This news was compounded by the resignation of its Deputy CEO amid scrutiny over the related misaccounted trades. Conversely, TVS Motor tumbled 3.44% post Q4 results, and Oberoi Realty plummeted 2% after its Q4 PAT fell 45% year-on-year. UCO Bank and Central Bank of India rallied up to 4% and 1.07% following solid Q4 earnings. Nifty Pharma (-1.06%) and Metal (-0.95%) stocks traded with cuts during the session, while Nifty IT stocks were in the green (1.23%).

On the earnings front, Trent reported a Q4FY25 net profit drop of 55% year-on-year to ₹318 crore, although revenue rose 28% to ₹4,217 crore. Vedanta's Q4 preview suggests robust PAT growth but potential sequential declines in profit and margins due to costs. Maruti Suzuki noted steady sales growth but pressure on operating profit and margins, remaining optimistic about outperforming the industry with new launches and export outlook.

Primary Market Busy, But Cautious

The primary market remains active, with several companies filing documents or opening IPOs, though overall sentiment is described as subdued following a secondary market correction earlier in the year. Canara HSBC Life Insurance filed its draft red herring prospectus (DRHP) with Sebi for an IPO, including up to 23.75 crore shares, with Canara Bank and PNB selling shares via OFS. Urban Company also filed a DRHP for a ₹1,900 crore IPO. Duroflex is targeting a public listing within 18 months, aiming for double-digit revenue growth. InCred Financial Services is in talks for a substantial ₹4,000 crore IPO. Meanwhile, Kenrik Industries and Arunaya Organics opened their respective IPOs today. The Ather Energy IPO reached 23% subscription on day 2, though its Grey Market Premium (GMP) saw a decline. 

Beyond Equities: Macro & Global Factors

In a notable move, the Reserve Bank of India (RBI) announced plans to purchase ₹1.25 lakh crore worth of government bonds through open market operations (OMO) in May. The Rupee hit a 2025 high of 84.95 against the USD. Globally, markets showed mixed movements; S&P 500 futures and Euro Stoxx 50 futures were little changed, while Hang Seng and Australia’s S&P/ASX 200 posted slight gains. Trade war concerns continue to impact global markets, notably dampening oil demand. Gold continues to attract attention, with ETFs seeing $21 billion in inflows in Q1 2025 amidst global volatility. Indian Gold ETF holdings have surged over 200% in five years. Silver is also being watched for a potential catch-up rally against gold. In the crypto space, Bitcoin held near $95,000, supported by institutional inflows.

Regulatory Spotlight and Market Sentiment

The Sebi has taken action, setting a timeline for brokers to collect margins within the T+1 settlement cycle, making upfront VaR and ELM mandatory. The regulator also banned broker Patel Wealth and its directors from the securities market and ordered the confiscation of ₹3.2 crore in illegal gains over alleged manipulative trading.

Current Market Update

• The Sensex is trading at 80,253.68 up by 18.25 points or 0.0023%.
• The NSE Nifty 50 is trading at 24,308.90 down by -20.05 points or -0.1%.

Top 5 Gainers of the Market

1. Bharat Electronics Ltd (BEL)
   
   
• Opening Price: ₹306.55
  
  
• Last Traded Price (LTP): ₹317.10
  
  
• Percentage Change: +3.95%
  BEL's share price rose following the announcement of a ₹2,210 crore deal with the Indian Air Force, boosting investor confidence in the company's order book and future revenue prospects.
  
  
2. Eternal
   
   
• Opening Price: ₹228.37
  
  
• LTP: ₹233.95
  
  
• Percentage Change: +2.97%
  Eternal's shares gained due to a reported 250% year-over-year revenue increase, driven by its SaaS subscription models and licensing deals, as well as strategic partnerships with Fortune 500 companies.
  
  
3. Reliance Industries Ltd
   
   
• Opening Price: ₹1,371.00
  
  
• LTP: ₹1,396.70
  
  
• Percentage Change: +2.04%
  Reliance Industries' stock surged after the company reported better-than-expected fourth-quarter earnings, with a 2% rise in consolidated net profit to ₹19,407 crore, beating analysts' estimates.
  
  
4. Tech Mahindra (TECHM)
   
   
• Opening Price: ₹1,466.20
  
  
• LTP: ₹1,489.50
  
  
• Percentage Change: +1.92%
  Tech Mahindra's share price increased amid positive sentiment in the IT sector and expectations of improved performance in the upcoming quarters.
  
  
5. Larsen & Toubro (LT)
   
   
• Opening Price: ₹3,335.00
  
  
• LTP: ₹3,365.20
  
  
• Percentage Change: +1.16%
  L&T's stock gained following a weekly stochastic crossover signal, which historically indicates a potential upward trend in the stock's price.

Top 5 Losers of the Market

1. UltraTech Cement Ltd (ULTRACEMCO)
   
   
   • Opening Price: ₹12,201.00
     
     
   • Last Traded Price (LTP): ₹11,911.00
     
     
   • Percentage Change: -1.68%
     UltraTech Cement's shares declined after the company reported a consolidated net profit of ₹2,482 crore for Q4 FY25, which was below market expectations, leading to investor concerns.
     
     
2. Dr. Reddy's Laboratories (DRREDDY)
   
   
   • Opening Price: ₹1,204.40
     
     
   • LTP: ₹1,179.40
     
     
   • Percentage Change: -1.61%
     The stock declined amid concerns over pricing pressure in the US generics market and a mixed sentiment in the pharma sector.
     
     
3. Eicher Motors Ltd (EICHERMOT)
   
   
   • Opening Price: ₹5,626.50
     
     
   • LTP: ₹5,549.00
     
     
   • Percentage Change: -1.30%
     Eicher Motors' share price declined amid reports that the government is considering reducing import duties on high-end motorcycles, which could increase competition for its Royal Enfield brand.
     
     
4. Power Grid Corporation of India (POWERGRID)
   
   
   • Opening Price: ₹308.55
     
     
   • LTP: ₹304.60
     
     
   • Percentage Change: -1.28%
     The stock experienced a slight decline due to profit booking after a recent rally, where it had gained 10% over four days, reaching a new record high.
     
     
5. Sun Pharmaceutical Industries Ltd (SUNPHARMA)
   
   
   • Opening Price: ₹1,845.00
     
     
   • LTP: ₹1,820.40
   • Percentage Change: -1.15%Sun Pharma's shares edged lower due to investor caution ahead of regulatory updates and quarterly earnings announcements.

Market Open

On Tuesday, despite mixed global signals around tariffs and ongoing India–Pakistan tensions, Indian markets kicked off on a positive note, with the BSE Sensex rising 178.55 points (0.22%) to 80,396.90 and the Nifty50 advancing 42.20 points (0.17%) to 24,370.70 at the open.

Factors Influencing Market Sentiment

• Global Markets: Global Markets markets opened on a moderately mixed basis today. In Asia, South Korea's benchmark KOSPI fell 0.13%, while its tech-oriented KOSDAQ rose 0.43%. Australia's ASX 200 rose 0.38%, and Japanese exchanges were closed for a public holiday.Globally, U.S. stocks exhibited minor divergence: the S&P 500 and Dow Jones Industrial Average edged up on Monday, but the Nasdaq Composite retreated marginally as technology stocks posted weak performance.

• Big Earnings Ahead: Today's corporate results are now the focus, with the likes of Bajaj Finance, Bajaj Finserv, BPCL, Ambuja Cements, IndiaMART and Capital Small Finance Bank set to release their latest earnings.

Global Backdrop:

• US Dollar: On Tuesday morning, the US Dollar Index (DXY), which measures the greenback against a basket of six major currencies, declined 0.07%, closing at 99.08. This measure is used to gauge the dollar's relative strength against peers such as the British pound, euro, Swedish krona, Japanese yen and Swiss franc. Meanwhile, the Indian rupee fell by 0.49%, closing the session at ₹85.03 per US dollar on April 29.

• Gold Rate Today: Precious metals eased marginally in early Tuesday trade in Asia, with spot gold trading around $3,335 per ounce. The slight fall comes as the dollar makes a modest revival and US–China tensions ease. Back home, gold is the only ray of sunshine for Indian investors: 10 g of 24-carat is priced at ₹97,520, 22-carat at ₹89,390, and 18-carat at ₹73,140, reports India's Good Returns.

• Crude Oil: Energy markets pulled back slightly on Tuesday, as WTI crude fell 0.08% to $62.00 a barrel, and Brent softened 0.16% to $65.75.

Stocks in Focus:

• TVS Motor Company posted a Q4 net profit of ₹852 crore, an increase of 75.5% YoY (from ₹485 crore), on operating revenue of ₹9,550 crore, a growth of 17%.
• UltraTech Cement recorded consolidated PAT of ₹2,482.04 crore in Q4 FY25, up 9.9% YoY, on operating revenue of ₹23,063.32 crore (+12.95%). The board announced a dividend of ₹77.50/share.
• Adani Green Energy reported consolidated net profit of ₹383 crore in Q4, up 25.5% YoY, on a total income of ₹3,278 crore.
• Adani Total Gas recorded a 10% decline in Q4 net profit to ₹149 crore, citing increased gas prices, while revenue was up 15% at ₹1,448 crore.
• PNB Housing Finance reported a Q4 net profit of ₹550.38 crore (+25.3% YoY) with NII of ₹734 crore (+16.2%). Asset quality picked up—gross NPAs 1.08%, net NPAs 0.69%—and the board sanctioned a dividend of ₹5/share.
• UCO Bank registered Q4 net profit of ₹665.72 crore, higher by 24% YoY, on gross income of approx. ₹8,136 crore. The bank is considering fresh equity in FY26 to bring down the government holding to 75%.
• Oberoi Realty's Q4 net profit declined 45% YoY to ₹433.17 crore (from ₹788.03 crore) as consolidated income slid to ₹1,213.33 crore (–22%).
• Wipro inked a five-year IT transformation agreement with Germany's Vorwerk to strengthen its infrastructure with AI-based solutions; monetary terms not disclosed.
• Tata Technologies can witness TPG Rise Climate sell 1.59 crore shares (3.9% stake) through block deals at ₹670–698.55 per share.
• Sonata Software has acquired a five-year, $73 million digital modernization AI-led deal from a US TMT client.
• CSB Bank reported Q4 net profit of ₹190 crore (+26%) on total income of ₹1,362 crore, with gross NPAs rising marginally to 1.57%.
• Central Bank of India reported ₹1,034 crore net profit in Q4 (+28% YoY) on a total income of ₹10,433 crore, while NII fell to ₹3,399 crore

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