Reliance Surges Over 4 Per Cent, Driving Market Gains; SML Isuzu Hits Lower Circuit

Among the broader market, 11 out of 13 sectors saw positive movement, with small-cap and mid-cap indices rising by 0.8 per cent and 1.1 per cent, respectively. 

Market Update at 12:00 PM: India's major stock indices, the Nifty 50 and BSE Sensex, both saw a rise of about 1 per cent, with the gains largely driven by Reliance Industries. The company surged by 4.2 per cent as analysts praised its strong performance in the telecom and retail sectors following a quarterly profit beat.

Among the broader market, 11 out of 13 sectors saw positive movement, with Small-Cap and Mid-Cap indices rising by 0.8 per cent and 1.1 per cent, respectively. 

Experts point to the return of foreign inflows, the forecast of a normal monsoon, and minimal impact from trade uncertainties as contributing factors to the optimistic market sentiment.

On the downside, SML Isuzu dropped 10 per cent, hitting the lower limit of the exchange-allowed trading band. Meanwhile, Mahindra & Mahindra gained 2 per cent after securing a deal to acquire a majority stake in SML Isuzu at a 63 per cent discount compared to the previous day's closing price.

Market Update at 10:00 AM: India’s benchmark indices opened slightly higher on Monday, supported by stronger-than-expected earnings from Reliance Industries and positive trends across Asian markets. However, escalating tensions between India and Pakistan limited the overall gains.

The Nifty 50 climbed 0.3 per cent to 24,106.20, while the BSE Sensex advanced 0.38 per cent  to 79,499.59 as of 9:17 a.m. IST. Broader markets also saw some momentum, with the Small-cap index up 0.1 per cent and the Mid-cap index gaining 0.5 per cent.

Among major sectors, 12 out of 13 were trading in positive territory. Shares of Reliance Industries rose by 3 per cent after reporting a fourth-quarter profit that surpassed market expectations, driven by strong performances in its retail and digital divisions.

Meanwhile, Asian stocks started the day on a cautious note, reflecting ongoing uncertainties around U.S. trade policies.

Investors remain alert to geopolitical developments following last week's Kashmir incident, with market sentiment staying sensitive after the Nifty and Sensex closed lower on Friday amid concerns about India’s response.

Pre-Market Update at 8:00 AM: Sensex and Nifty 50 are likely to start Monday’s session on a positive note, taking support from upbeat trends in global markets. 

At 7:30 am Gift Nifty was trading around the 24,161 mark, reflecting a premium of about 173 points over the previous close of Nifty futures, hinting at a positive opening for Indian stock market indices. 

In the coming week, investors are expected to keep a close watch on important stock market drivers such as the upcoming batch of Q4 earnings, developments in India-Pakistan geopolitical relations, monthly automobile sales figures, foreign fund flows, and major global signals.

The US stock market finished higher on Friday, posting weekly gains as signs emerged of easing tensions between the US and China over trade issues. The Dow Jones Industrial Average edged up by 20.10 points, or 0.05 per cent, to close at 40,113.50. The S&P 500 advanced 40.44 points, or 0.74 per cent, ending at 5,525.21. Meanwhile, the Nasdaq Composite rose 216.90 points, or 1.26 per cent, to settle at 17,382.94.

Last week, the US government indicated a willingness to ease trade tensions with China, which have been fuelling recession concerns. President Donald Trump mentioned that tariff discussions with China were underway. Meanwhile, China exempted certain US goods from high tariffs on Friday, suggesting some softening of the trade war. However, China promptly rejected Trump’s claim that formal negotiations had started.

Reliance Industries Ltd posted a 2.4 per cent year-on-year rise in consolidated net profit for Q4FY25, reaching Rs 19,407 crore compared to Rs 18,951 crore in the same period last year. Revenue from operations grew by nearly 10 per cent YoY to Rs 2,64,573 crore. The company's EBITDA increased by 3.6 per cent to Rs 48,737 crore, although the EBITDA margin slipped to 16.9 per cent from 17.8 per cent YoY. The board proposed a dividend of Rs 5.50 per share for FY25.

The net direct tax collections for FY25 were slightly below the target of Rs 22.37 lakh crore. Gross direct tax collections (before refunds) rose 15.59 per cent YoY to Rs 27.02 lakh crore. After accounting for refunds, the net collections grew 13.57 per cent YoY, reaching Rs 22.26 lakh crore, according to provisional data.

Asian markets moved higher on Monday, supported by expectations of additional stimulus from China and ongoing trade talks with the US. The MSCI Asia-Pacific index, excluding Japan, inched up by 0.1 per cent. Japan’s Nikkei 225 advanced 0.82 per cent, while the Topix climbed 1.11 per cent. In South Korea, the Kospi added 0.32 per cent and the Kosdaq was up by 0.29 per cent.

Gold prices slipped as easing tensions between the US and China, along with a stronger dollar, weighed on sentiment. Spot gold fell by 0.3 per cent to USD 3,309.31 per ounce after reaching a record high of USD 3,500.05 on April 22. Meanwhile, US gold futures managed to gain 0.7 per cent, trading at USD 3,320.30.

In the currency markets, the US dollar remained steady on Monday but stayed on track for its biggest monthly decline in almost two and a half years. The dollar index held at 99.695, slightly above last week’s low of 97.923. 

Foreign Institutional Investors (FIIs) were net buyers, purchasing Rs 2,952.33 crore worth of shares on April 25, 2025. Domestic Institutional Investors (DIIs) purchased shares worth Rs 3,539.85 crore during the same period.

There are not any stocks banned for trading in the F&O segment on April 28, 2025.

Disclaimer: The article is for informational purposes only and not investment advice.