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​Digant Haria sees EMS as a Make-in-India success, with Dixon Technologies leading the charge despite high valuations. ​

Sun Pharma Q4 Preview: Analysts are factoring in US sales of $500 million for Q4FY25, driven largely by increased gRevlimid contributions. However, gross margins are expected to dip 30 basis points quarter-on-quarter to 79.7%, attributed to reduced milestone income.

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Continental Petroleums on Wednesday said its net profit plunged nearly 76 per cent to Rs 34 lakh in March quarter due to heightened price fluctuations, softer export demand, and tariff-related pressures.

Power Finance Corporation Q4 results: Power Finance Corporation reported an 11% YoY rise in Q4FY25 profit at ₹8,358 crore, with net interest income up 38%. FY25 saw a record ₹17,352 crore profit. The company declared a total dividend of ₹15.80 per share and showed improved asset quality with lower NPAs.

Shiprocket IPO: The proposed IPO is anticipated to be in the range of Rs 2,000 to Rs 2,500 crore, according to an earlier report by ET. It will comprise a fresh issue component of approximately Rs 1,000 to Rs 1,200 crore.

Since early April 2025, Indian markets have surged nearly 10–15%, fueled by the rollback of Liberation Day tariffs on April 9 and upbeat sentiment across Asian equities.

Nifty and Sensex gave up on their early gains on Wednesday, but managed to close slightly higher, pushed by gains from realty, financial services (ex-banks) and pharmaceutical stocks.

The Indian rupee closed nearly flat on Wednesday, trailing behind its Asian peers as the impact of a weaker U.S. dollar was blunted by strong demand for the greenback from foreign banks, likely on behalf of custodial clients.

Stock market update: Nifty IT index advances 0.69%

Updated at : 2025-05-21 17:05:02

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The Nifty IT index closed 0.69 per cent up at 37540.1.

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IDFC First Bank s shareholders have rejected a special resolution to appoint a nominee director from Warburg Pincus due to concerns over the absence of a minimum shareholding threshold. Despite this, Warburg Pincus and ADIA are still set to infuse ₹7,500 crore into the bank through a preferential equity issue.

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