Stock Market Today: All You Need To Know Before Going Into Trade

The GIFT Nifty, an early indicator for the benchmark Nifty 50, is down 0.24% at 23,730 as of 6:30 a.m. Equity-index futures for the US (S&P 500) and Europe (Euro Stoxx 50) dipped 0.09% and 0.38% respectively.

Indian Market Recap
Monday was a particularly heavy day for the Indian equity bechmarks Nifty and Sensex who logged their steepest fall since March 30. NSE Nifty 50 plunged 1.49% to close at 23,815.85 and the BSE Sensex fell 1.70% to 76,015.28.

The declines came after the US President Donald Trump rejected Iran’s response to a US peace proposal, raising concerns over prolonged conflict in the Persian Gulf. Domestically, markets reacted to remarks by Prime Minister Narendra Modi urging fuel conservation and restraint on gold purchases amid pressure from rising energy prices, adding to concerns around India’s external balances.

The benchmark underperformed the broader market, with the Nifty MidCap 150 and Nifty SmallCap 250 both closing lower by about 1%. Kalyan Jewellers and Swiggy led losses in the MidCap index, while Gujarat State Petronet and Jyothy Labs were among the top laggards in SmallCap stocks.

US Market Recap
US stocks recorded gains on gains Monday on strong earnings despite ongoing concerns over the duration of the Iran war ahead of the release of inflation data. The S&P 500 ended 0.2% higher, with energy being the top-performing sector in the market. The tech-heavy Nasdaq 100 surged 0.3% while the Dow Jones Industrial Average ended 0.2% higher.

Asian Market Update
Asia-Pacific markets traded higher on Tuesday even as investors weighed renewed uncertainty over the U.S.-Iran ceasefire after President Donald Trump’s warning that the agreement could collapse.

South Korea led gains in the region, with the Kospi rising more than 2% after touching a record high on Monday. The small-cap Kosdaq index added 0.62% Japan’s Nikkei 225 advanced 0.2%, while the broader Topix index gained 0.54%. Australia’s S&P/ASX 200 was little changed. Hong Kong’s Hang Seng index futures traded at 26,421, above the benchmark’s previous close of 26,406.84.

Commodity Check
Oil remained steady amid Trump’s doubt over the ceasefire with Iran after rejecting Tehran’s latest peace offer, prolonging the conflict, which has now entered its third month. Brent crude was above $104 a barrel, following a surge of 2.9% in the previous session, while West Texas Intermediate traded near $98. Amid US-Iran deadlock, gold remained steady with the bullion trading around $4,740 an ounce, after 0.4% gain in the previous session.

Earnings In Focus

Bharat Bijlee, Berger Paints India, Bliss GVS Pharma, Borosil Renewables, Bharat Petroleum Corporation, Clean Max Enviro Energy Solutions, Cohance Lifesciences, Dixon Technologies India, Dr Reddys Laboratories, Elantas Beck India, Ethos, Gopal Snacks, Huhtamaki India, Indraprastha Medical Corporation, INOX India, Sai Silks Kalamandir, Kalpataru, KPR Mill, Sri Lotus Developers and Realty, Max Financial Services, MTAR Technologies, Nazara Technologies, Neuland Laboratories, NIIT Learning Systems, Novartis India, Park Medi World, Pfizer, Religare Enterprises, Keystone Realtors, Sagility, Seshasayee Paper and Boards, SKF India, Industrial Stove Kraft, Tata Power Company, Texmaco Rail Engineering, Thomas Cook India, Torrent Power, Ventive Hospitality, V Guard Industries, Vinati Organics.

JSW Energy (Q4, Cons YoY)

Revenue up 41.0% at Rs 4,499 crore versus Rs 3,189 crore.
EBITDA up 86.9% at Rs 2,251 crore versus Rs 1,205 crore.
EBITDA margin up 1220 bps at 50.0% versus 37.8%.
Net profit down 8.9% at Rs 372 crore versus Rs 408 crore.
Heritage Foods (Q4, Cons YoY)

Revenue up 10.4% at Rs 1,158 crore versus Rs 1,048 crore.
EBITDA down 34.6% at Rs 52.2 crore versus Rs 79.9 crore.
EBITDA margin down 310 bps at 4.5% versus 7.6%.
Net profit down 36.7% at Rs 24.2 crore versus Rs 38.2 crore.
Note: The board declared a final dividend of Rs 2.50 per share.
Satin Creditcare (Q4, Cons YoY)

Total income up 49.6% at Rs 923 crore versus Rs 617 crore.
Net profit at Rs 162 crore versus Rs 21.9 crore.
Corona Remedies (Q4, Cons YoY)

Revenue up 20.2% at Rs 353 crore versus Rs 294 crore.
EBITDA up 14.4% at Rs 62 crore versus Rs 54.2 crore.
EBITDA margin down 90 bps at 17.6% versus 18.5%.
Net profit up 43.7% at Rs 45.3 crore versus Rs 31.6 crore.
Note: The board declared a final dividend of Rs 10 per share.
Indian Hotels (Q4, Cons YoY)

Revenue up 14.0% at Rs 2,765 crore versus Rs 2,425 crore.
EBITDA up 13.5% at Rs 973 crore versus Rs 857 crore.
EBITDA margin down 10 bps at 35.2% versus 35.3%.
Net profit up 14.8% at Rs 600 crore versus Rs 522 crore.
Note: The board declared a dividend of Rs 3.25 per share.
JBM Auto (Q4, Cons YoY)

Revenue up 12.6% at Rs 1,852 crore versus Rs 1,646 crore.
EBITDA up 20.0% at Rs 236 crore versus Rs 197 crore.
EBITDA margin up 80 bps at 12.8% versus 12.0%.
Net profit up 11.8% at Rs 74.2 crore versus Rs 66.3 crore.
Syrma SGS (Q4, Cons YoY)

Revenue up 58.5% at Rs 1,465 crore versus Rs 924 crore.
EBITDA up 62.0% at Rs 174.1 crore versus Rs 107.5 crore.
EBITDA margin up 30 bps at 11.9% versus 11.6%.
Net profit up 54.7% at Rs 101 crore versus Rs 65.4 crore.
Note: The board declared a final dividend of Rs 1.50 per share.
Anant Raj (Q4, Cons YoY)

Revenue up 19.6% at Rs 647 crore versus Rs 541 crore.
EBITDA up 17.6% at Rs 167.4 crore versus Rs 142.4 crore.
EBITDA margin down 40 bps at 25.9% versus 26.3%.
Net profit up 23.6% at Rs 147 crore versus Rs 119 crore.
Paradeep Phosphates (Q4, Cons YoY)

Revenue up 12.1% at Rs 4,702 crore versus Rs 4,194 crore.
EBITDA up 15.4% at Rs 442.4 crore versus Rs 383.4 crore.
EBITDA margin up 26 bps at 9.4% versus 9.14%.
Net profit down 9.6% at Rs 156 crore versus Rs 172 crore.
Rossell Techsys (Q4, Cons YoY)

Revenue up 61.6% at Rs 142.1 crore versus Rs 87.9 crore.
EBITDA up 3.9% at Rs 16.1 crore versus Rs 15.5 crore.
EBITDA margin down 630 bps at 11.3% versus 17.6%.
Net profit up 9.8% at Rs 7.5 crore versus Rs 6.9 crore.
Manorama Industries (Q4, Cons YoY)

Revenue up 68.1% at Rs 391 crore versus Rs 233 crore.
EBITDA up 38.1% at Rs 84.6 crore versus Rs 61.3 crore.
EBITDA margin down 470 bps at 21.6% versus 26.3%.
Net profit up 6.1% at Rs 42.5 crore versus Rs 40 crore.
SPR Auto Tech / Shriram Pistons (Q4, Cons YoY)

Revenue up 47.0% at Rs 1,456 crore versus Rs 988 crore.
EBITDA up 27.3% at Rs 268 crore versus Rs 210 crore.
EBITDA margin down 290 bps at 18.4% versus 21.3%.
Net profit up 6.7% at Rs 156 crore versus Rs 147 crore.
Note: The board declared an interim dividend of Rs 5 per share and approved plans to raise up to Rs 1,000 crore via QIP or other means.
JB Chemicals (Q4, Cons YoY)

Revenue down 4.8% at Rs 904 crore versus Rs 949 crore.
EBITDA down 11.2% at Rs 201 crore versus Rs 226 crore.
EBITDA margin down 160 bps at 22.2% versus 23.8%.
Net profit down 30.4% at Rs 101 crore versus Rs 146 crore.
Note: The company recorded a one-time loss of Rs 27 crore in Q4.
GR Infra (Q4, Cons YoY)

Revenue up 9.9% at Rs 2,500 crore versus Rs 2,276 crore.
EBITDA down 32.4% at Rs 368 crore versus Rs 545 crore.
EBITDA margin down 930 bps at 14.7% versus 24.0%.
Net profit down 48.8% at Rs 207 crore versus Rs 405 crore.
Note: The company has appointed MD Ajendra Kumar Agarwal as its new Chairman.
Nuvama Wealth (Q4, Cons QoQ)

Total income up 15.8% at Rs 1,281 crore versus Rs 1,106 crore.
Net profit up 6.0% at Rs 269 crore versus Rs 254 crore.
Note: The board declared an interim dividend of Rs 14 per share.

Currency Check
The Indian rupee clocked its sharpest one-day fall since March to close 83 paise lower at 95.31 against the US dollar. On Friday, the legal tender had settled at 94.48 per dollar.

According to analysts, Prime Minister Narendra Modi’s address surrounding concerns regarding West Asia war impact on crude oil prices, higher import bill, have put pressure on the currency.

“The PM Modi speech has raised concerns about the pressure of a higher import bill on India’s economy and currency stability, especially with elevated crude prices continuing to strain the external balance,” said Jateen Trivedi, VP Research Analyst, Commodity and Currency, LKP Securities