Latest Stock Market News

PNB Q4 Results: Net Interest Income (NII) grew 4% year-on-year to Rs 10,757 crore, indicating steady lending growth, while non-interest income rose 11% to Rs 4,716 crore.

Following the successful Operation Sindoor, Indian defence stocks have surged, attracting significant investor attention. Experts advise caution against impulsive buying, emphasizing a strategic approach due to potentially inflated valuations after the recent rally. Mutual funds increased holdings in several defence stocks, indicating long-term confidence, while FIIs also raised their stakes in specific companies.

Rohit Srivastava of Strike Money Analytics & Indiacharts suggests small and midcaps are currently the weakest market segment, with their peak rally concluded. He anticipates a potential 6-12 month underperformance before a resurgence. Despite geopolitical tensions, he foresees limited downside for benchmark indices unless escalation occurs, potentially retesting previous lows.

The Indian rupee experienced its most significant single-day decline in a month, weakening by nearly 0.5% to 84.8250 against the U.S. dollar, fueled by escalating geopolitical tensions between India and Pakistan and broader weakness in Asian currencies.

Dabur Q4 Results: FMCG major Dabur on Wednesday reported an 8% decline in its consolidated net profit of Rs 320 crore in Q4FY25 versus Rs 350 crore reported in the year ago period.

Ashish Gupta sees India s strong macro fundamentals and composed market response as reassuring amid geopolitical tensions, with optimism on private banks, consumption, construction, and EMS sectors over the long term.

Following India s strikes on terror camps in Pakistan and PoK, Indian 10-year bond yields rose, closing at 6.438%. Despite geopolitical tensions, a bullish outlook for bonds persists due to anticipated rate cuts, though the conflict and monsoon conditions pose risks. Equity markets showed volatility, with Nifty gaining slightly, led by auto, bank, and consumer stocks.

Indian liquor stocks fell up to 5% after the India–UK FTA announced steep duty cuts on Scotch whisky and gin imports, sparking fears of rising competition for domestic players. The deal, signed May 6, boosts UK exports and threatens premium segments of local liquor firms.

MRF Ltd s shares surged after reporting a 31% year-on-year increase in Q4 net profit, reaching Rs 498 crore. The company s revenue from operations also rose by 12% to Rs 6,944 crore. Alongside these strong results, MRF announced a final dividend of Rs 229 per share, bringing the total dividend for FY25 to Rs 235 per share.

Given this standout performance, 12 stocks within the Nifty Defence Index emerged as multibaggers, delivering stellar returns over the past two years.