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European shares were little changed on Tuesday as investors assessed a spate of corporate earnings and monitored potential tariff moves, while awaiting the U.S. Federal Reserve s monetary policy decision later this week.

Polycab Limited announces a strong Q4 performance. The company s profit after tax rises to ₹727 crore. Revenue from operations increases by 25% to ₹6,985.7 crore. The board recommends a final dividend of ₹35 per share. Wires & Cables segment shows 22% growth. FMEG business delivers 33% growth. EPC segment surges by 47%. Shares rise following the positive results.

Power demand growth is expected to be lower in the near term due to milder weather and a high base from last year. However, medium to long-term demand is projected to grow at 6-7%. Coal availability is strong, and the government is ensuring adequate power supply, but evening peak demand remains a challenge.

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Despite short-term volatility from geopolitical tensions, the outlook remains positive as FII selling in banks and oil & gas appears to have subsided.

2 top stock recommendations from Amit Bhuptani

Updated at : 2025-05-07 08:20:02

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​Currently, we are also seeing that the Fibonacci golden ratio is also coming near 24,400 level. So, closing once Nifty gets above that level on the spot basis, after that we will witness some stable buying in the market.

Shares of crisis-hit Gensol Engineering were beaten down for the 18th straight day on Tuesday and hit a fresh lower circuit limit. The stock tanked 4.99 per cent to Rs 66.97 -- the lowest trading permissible limit for the day as also a 52-week low -- on the BSE.

Despite market weakness, Aegis Logistics, Trent, Cochin Shipyard, and CG Power from the Nifty500 hit fresh 52-week highs on Tuesday.

Rushabh Sheth notes global volatility and a subdued Indian market outlook for early FY26. He advises selective investing, focusing on mid- and small-caps, digital payments, and life insurance. A cautious, opportunity-driven approach is key amid uncertainty.

Bank of Baroda s shares plummeted 8.1% following its Q4FY25 results, which revealed a 3.3% increase in net profit to Rs 5,048 crore. However, a 6.6% drop in net interest income to Rs 11,020 crore due to margin pressures overshadowed the positive aspects. Despite improved asset quality, increased provisions and the NII decline triggered investor concern.

Trent s March quarter net profit declined due to Zudio s expansion and lower same-store sales growth. Margins contracted from higher discounts and Zudio s revenue share, despite robust store additions. Analysts maintain a BUY rating, projecting strong revenue and profit growth, supported by new categories and cost control, despite moderated SSSG.

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