May 02, 2025, 3:58 pm IST
Stock Market Live: Marico Reports Rs 335 Crore of Profit in Q4FY25
Stock Market Live: Marico on Friday reported Rs 335 crore of net profit during the fourth quarter of financial year 2024-25 on Friday. The company had also declared a final dividend of Rs 7 per share in its Q4FY25 result. The company scrip closed 1.82% lower at Rs 697.15 per share on BSE.
May 02, 2025, 3:37 pm IST
Stock Market Live: Sensex Closes With 300 Pts Gain, Nifty Above 23,300
Stock Market Live: Nifty and Sensex closed flat on Friday after a volatile session which saw the Indian stock market rally and decline for a brief session.
May 02, 2025, 3:28 pm IST
Stock Market Live: V-Mart Retail Announces Bonus Share Issue For Shareholders in Q4, Stock Down 2%
Stock Market Live: V-Mart Retail on Friday announced bonus share issue for shareholders in its Q4 result. The company declared a net profit of Rs 18.5 crore, compared to a net loss of Rs 39 crore. The company scrip was down 1.98% on BSE during the stock market closing.
May 02, 2025, 3:21 pm IST
Stock Market Live: Indian Overseas Bank Posts Decent Q4 Result, Stock Up 0.9%
Stock Market Live: Indian Overseas Bank reported an annual increase in its net profit by 30% to Rs 1,052 crore in the fourth quarter of financial year 2024-25. The bank's net interest income (NII) increased by 13% on an annual basis to Rs 3123 crore. The Indian lender's stock price was up 0.9% on BSE to Rs 37.95 per share on Friday.
May 02, 2025, 2:32 pm IST
Stock Market Live: Indus Towers, Phoenix, Godrej Agro Among Top Losers
Stock Market Live: Indus Towers, Phoenix, Godrej Agro, Gensol, JSW Steel, etc emerged as top losers on NSE and BSE during Friday's trading session
May 02, 2025, 2:07 pm IST
Newgen Software Reports Q4 Financial Results
Newgen Software Technologies Ltd. has posted impressive financial results for the fiscal year ending March 31, 2025. The company reported revenues from operations of ₹1,487 crore, marking a 20% year-on-year (YoY) growth compared to FY’24. Profit after tax (PAT) stood at ₹315 crore, reflecting a 25% YoY increase. Aditionally, the company also achieved a major milestone by crossing ₹400 crore in quarterly revenue for the first time..
May 02, 2025, 2:05 pm IST
Hexaware Gets New UK Headquarters in London’s Canary Wharf
Further consolidating its presence in the region, Hexaware Technologies, a global leader in IT, AI, and digital solutions, inaugurated its new UK headquarters at Level 32, One Canada Square, Canary Wharf, London on 1st May 2025. The expansion follows Hexaware’s 25% UK CAGR over the past five years, fueled by rising demand for IT Services and digital transformation. The new facility marks a strategic move to deepen local client engagement and gain access to the region's diverse talent pool.
May 02, 2025, 1:14 pm IST
SpiceJet Commences Haj 2025 Operations with Inaugural Flight from Gaya
SpiceJet today flagged off its Haj 2025 operations with the inaugural flight departing from Gaya to Medina, marking the start of the sacred pilgrimage for thousands of Indian pilgrims. The airline will operate a total of 45 Haj flights in the first phase, connecting Gaya, Srinagar, Guwahati, and Kolkata to Medina and Jeddah.
May 02, 2025, 1:12 pm IST
IBM, TCS and Govt of Andhra Pradesh to Deploy India’s Largest Quantum Computer in the Country’s First Quantum Valley Tech Park
Tata Consultancy Servicesand IBM are partnering to further develop India’s quantum industry as part of the Government of Andhra Pradesh’s new, first of a kind, Quantum Valley Tech Park, currently being built in the capital city of Amaravati. The tech park will be anchored by an IBM Quantum System Two installation, with a 156-qubit Heron quantum processor, the largest quantum computer in India. Tata Consultancy Services (TCS) is partnering with IBM to support the development of algorithms and applications that will help the Indian industry and academia solve some of the nation’s most complex challenges.
May 02, 2025, 1:10 pm IST
Vizag Plant Receives WHO Geneva Prequalification
SMS Pharmaceuticals Limited (SMS Pharma) (NSE: SMSPHARMA; BSE: 532815) is pleased to share that our Unit VII manufacturing facility in Visakhapatnam, Andhra Pradesh, has received prequalification approval from the World Health Organisation (WHO) Geneva. This significant milestone enhances our global regulatory standing and enables the company to increase its presence in the global market for Anti-Retroviral (ARV) APIs
May 02, 2025, 11:58 am IST
Stock Market Live Update: JSW Steel Shares Slide 4% After Supreme Court Terms Bhushan Power IBC Plan 'Illegal'
JSW Steel shares fell sharply by 4% to Rs 986 per piece on the BSE as of 11:30 am on May 2, following a Supreme Court ruling that declared the company's insolvency resolution plan for Bhushan Power and Steel as illegal. The apex court stated that the plan, approved by JSW Steel’s Committee of Creditors (CoC), should not have been accepted, leading to negative investor sentiment and a drop in the stock.
May 02, 2025, 11:42 am IST
Stock Market Live Updates: Bharat Electronics Shares Gain 0.86% on Positive Defence Sector Outlook
Shares of Bharat Electronics Ltd (BEL) rose by 0.86% as investors responded to projections of increased defence spending in India. The upbeat outlook for the sector signals strong growth opportunities for BEL, boosting investor confidence.
May 02, 2025, 10:44 am IST
Stock Market Live Updates: One MobiKwik Shares Rise 4% After RBI Approval for Payment Aggregator License
Shares of One MobiKwik jumped 4% after its wholly owned subsidiary, Zaak ePayment Services, received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator.
May 02, 2025, 9:49 am IST
Nifty Outlook By Devarsh Vakil, Head of Prime Research at HDFC Securities
Overall trend for the Nifty remains bullish, as it continues to trade above all key moving averages. Immediate support for the Nifty is placed at 24150, below which it could further fall towards 23870. On the higher side, 24450-24500 band is expected to continue acting as a significant resistance band.
May 02, 2025, 9:15 am IST
Nifty Outlook Today By Anand James, Chief Market Strategist, Geojit Investments Limited
Persistent inability to close above 24359, is a warning sign, but bargain hunters appear equally eager as is evident from the long lower wick on majority of the last six days. While standard deviation studies point to extension of uptrend beyond 25000, oscillators have been softening, signaling lack of strength, prompting us to keep the downside marker in the 24190-119 region. The support levels identified below are 24070-23950, and then 23670.
May 02, 2025, 9:02 am IST
Market Outlook Today By Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
After the sharp market correction triggered by Trump’s reciprocal tariffs and the Pahalgam terror strikes, April has closed with above 4% gains in Nifty. This surprising resilience of the market has been primarily driven by the sustained FII buying for eleven trading days in a row taking the cumulative FII buying for this period to Rs 37375 crores. FII buying has been driven by weakness in the dollar and declining growth prospects in the US. Other macros like declining interest rates in India, decline in the crude price and green shoots of pickup in demand are positives for the market. The high probability of India among the five ‘allies’ of the US entering into early trade deals with the US is also a significant positive factor.
However, at the current juncture of high valuations (Nifty trading at above 20 times estimated FY 26 earnings) and high India-Pak tensions, the near-term risk-reward is not in favour of high reward. Therefore, investors can play it safe by increasing the cash component in the portfolio even while remaining invested.
May 02, 2025, 8:42 am IST
Adani Enterprises Shares In Focus
Adani Enterprises' shares will be in the news on Friday as the business reported a staggering 752% YoY jump in net profit to Rs 3,845 crore for the fourth quarter of FY25. Nevertheless, revenue from operations fell 8% YoY to Rs 26,966 Cr. Consolidated net profit increased by 119% to Rs 7,099 crore for the full fiscal year that concluded on March 31, 2025, from Rs 3,241 crore at the end of FY24. In contrast, revenue increased slightly by 2% (Y-o-Y) from Rs 96,421 crore in FY24 to Rs 97,895 crore.
May 02, 2025, 8:27 am IST
Eternal Shares In Focus
Eternal (previously Zomato) on Thursday announced a 78% year-on-year (YoY) decline in net profit to Rs 39 crore for the March 2025 quarter, down from Rs 175 crore for the same period last year. Revenue from operations rose 64% year on year to Rs 5,833 crore from Rs 3,562 crore in Q4FY24. In the fourth quarter of FY25, the company's consolidated adjusted EBITDA dropped 15% YoY to Rs 165 crore.
May 02, 2025, 8:10 am IST
Nifty At Crossroads: Doji Formation Hints At Uncertainty Near Resistance
“Technically, Nifty formed a doji candle on the daily chart, suggesting uncertainty at higher levels, with immediate resistance at 24,460, while the 200-Day Simple Moving Average around 24,050 will act as key support, followed by 23,850. If Nifty sustains above 24,460, then the rally could extend towards the 24,800–24,850 levels,” said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd. (A Pantomath Group Company).
May 02, 2025, 8:10 am IST
Caution In Bank Nifty As Bearish Signals Emerge Near Resistance
“Technically, the Bank Nifty index has formed a red candle following a shooting star, indicating underlying weakness. On the upside, 56,000 will act as stiff hurdle for the index while on downside 54,450 will act as major support. A firm break below 54,450 could trigger a fresh round of selling pressure in the Bank Nifty index; however, until that support is decisively breached, the index is likely to remain in a consolidation phase within the 54,450–56,000 range,” commented Hrishikesh Yedve.
May 02, 2025, 8:07 am IST
Market Outlook By Rajesh Bhosale, Equity Technical Analyst, Angel One
One caveat to this constructive outlook is the ongoing geopolitical tension between India and Pakistan, which could pose risks and demand caution. Traders are advised to avoid aggressive overnight positions. Additionally, market breadth has weakened over the past few sessions, with nearly two declining stocks for every gainer. Until broader participation returns, a selective stock-picking strategy remains crucial..
May 02, 2025, 8:06 am IST
Nifty Prediction Today By Rajesh Bhosale, Equity Technical Analyst, Angel One
From a technical standpoint, the ideal approach remains to align with the primary uptrend, buying on dips near key supports and booking profits near resistance zones. On the downside, immediate intraday support lies at 24,200, followed by a strong support zone between 24000 and 23800. This region aligns with the 200-day SMA and the previous monthly swing high breakout level. On the upside, 24550, which marks the 61.8% retracement of the recent decline from the all-time high, acts as a key resistance. A decisive move above this level could trigger a fresh uptrend toward the December swing high near 24800.
May 02, 2025, 8:04 am IST
Bearish Signals Emerge As Nifty Bank Tests Resistance Near 56,000—Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
From a technical perspective, the index has etched a clear consolidation band between 54,000 and 56,000 over the past week. This well-defined range has become pivotal and is likely to influence the next directional breakout. Price action repeatedly stalling near the 56,000 mark indicates waning bullish momentum, even as the index continues to hover above its 10-day exponential moving average (DEMA), maintaining a neutral-to-sideways tone.
Adding to the cautious narrative, is the bearish candlestick formation that has emerged on the daily timeframe, and a downside follow-through could trigger sharper profit-taking bouts. Still, the price structure reflects accumulation rather than the distribution, and Nifty Bank continues to trade without a definitive trend, reflecting balanced forces at key levels. Resistance remains heavily stacked between 55,700–56,000, making it a critical supply zone. A strong close above this belt could rejuvenate positive momentum and spark a fresh up-leg.
Meanwhile, daily RSI levels are slightly above 65, but signs of fatigue and bearish divergence caution against aggressive longs. A move beyond 56,000 could ignite short-covering and attract renewed buying interest, whereas slipping below 55,000 may drag the index toward the 54,300–54,500 region.
May 02, 2025, 8:02 am IST
Nifty Stalls Below 24,500: Momentum Fades, Caution Builds – Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
From a technical lens, fading upward momentum serves as a red flag, especially with the index repeatedly failing to surpass the crucial 24,500 mark. Still, the price action continues to hover above the 10-day EMA, suggesting a neutral-to-cautious structure. A formation resembling a Hanging Man candlestick has emerged on the daily chart, and any downside follow-through could spark intensified profit-booking.
Encouragingly, the broader setup indicates a market in digestion mode, as Nifty moves without a clear trend while absorbing recent gains. The 24,400–24,500 zone remains a stubborn resistance, potentially acting as a ceiling for short-term rallies. A convincing move above this band could unlock further upside and reignite bullish enthusiasm.
From a momentum standpoint, the daily RSI stands mildly above 60 but shows signs of negative divergence, further cementing the cautious sentiment. A break above 24,450 might spark short-covering-led surges, while a dip below 24,200 could drag the index toward the 23,900–24,000 corridor.
May 02, 2025, 7:57 am IST
Bank Nifty Options Market Insights By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
Options data reveals a subtle yet noticeable tilt in sentiment from bullish to guarded. Call writers have gained dominance, outnumbering put writers, which hints at rising resistance pressure. The 55,500 strike has accumulated hefty open interest of 10.78 lakh contracts, marking it as the immediate ceiling. On the flip side, the 55,000 strike still sees robust put writing to the tune of 9.27 lakh contracts, signifying strong support slightly below current levels. Notably, the tight OI concentration between 55,500 and 56,000 emphasizes this area as a critical resistance block.
Simultaneously, put writers are gradually shifting to lower strikes, while call writers are ramping up positions, suggesting growing scepticism among market participants. The Put-Call Ratio (PCR) has slipped marginally to 0.90 from 0.91, reflecting an incremental build-up of bearish sentiment. Meanwhile, Max Pain now sits at 54,500, underscoring a short-term consolidation bias unless a breakout breaks the current rhythm.
May 02, 2025, 7:56 am IST
Nifty Options Market Insights By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
Options data depicts a neutral-to-cautious sentiment shift. While put writers have modestly strengthened their grip, call writers continue to dominate higher strikes, hinting at restrained bullish conviction. The 24,500 strike has accumulated a hefty open interest of 17.78 lakh contracts, underlining it as a formidable near-term barrier. On the flip side, the 24,000 strike has attracted robust put writing with 27.89 lakh contracts, reinforcing its stature as a critical support. The growing open interest in the 24,400–24,500 band highlights a key resistance barricade. Simultaneous action by both bulls and bears reflects a classic range-bound environment. The Put-Call Ratio (PCR) dipped sharply from 0.84 to 0.71, indicating a shift towards defensive strategies as sellers gain traction. Meanwhile, Max Pain remains pegged at 24,300, suggesting a status quo in the absence of a breakout.
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