Any Nifty correction due to heightened conflict concerns between India and Pakistan would present a favourable opportunity to initiate investments, said Narnolia’s Shailendra Kumar….Read More
Oil prices rose on Monday after both sides in U.S.-China trade talks over the weekend touted their progress, which lifted market sentiment that the world’s two largest crude users may be moving toward a resolution of their trade dispute.
Brent crude futures climbed 27 cents, or 0.4%, to $64.18 a barrel. US West Texas Intermediate (WTI) crude futures were trading at $61.30 a barrel, up 28 cents, or 0.5%, from Friday’s close.
#1 Tariff hikes in Nigeria supported revenue
#2 Increasing local currency debt to reduce FX exposure
#3 FY25 capex at USD 670 million; FY26 guidance at USD 725–750 million
#4 Airtel money IPO delayed to H1FY26
The company has formed a wholly owned subsidiary in Egypt in the name and style as “Hexaware Technologies Services”.
US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer said on Sunday they reached a deal with China to cut the US trade deficit, describing “substantial progress” in high-stakes talks with Chinese officials but offering no details as two days of negotiations concluded in Geneva.
Bessent told reporters that details would be announced on Monday and that US President Donald Trump was fully aware of the results of the “productive talks” with Chinese Vice Premier He Lifeng and two Chinese vice ministers.
Bessent and Greer did not mention any plans to cut punishing US tariffs of 145% on Chinese goods and China’s 125% tariffs on US goods.
Asian markets were trading higher in the early Monday trade, as China and the US made “substantial progress” on their trade talks, spurring a risk-on mode.
The Nifty 50 remains within the range of 23,850–24,600 despite Friday’s correction. A decisive breakdown below the lower end of the range could drive the index down to the 23,600–23,500 zone in the upcoming sessions. Conversely, a breakout above 24,600 could resume a new leg of the upmove, according to experts….Read More
Swiggy reported a net loss of Rs 1,081.18 crore for the fourth quarter of financial year 2025. This marks a rise of over 94 percent from the Rs 554.77 crore net loss reported in Q4 FY24.
Swiggy’s revenue from operations rose 45 percent YoY to Rs 4,410 crore in Q4, up from Rs 3,046 crore a year ago. It had reported a revenue of Rs 3,993 crore in the previous quarter.
Swiggy’s loss for the full financial year came in at Rs 3,117 crore, up 33 percent compared to Rs 2,350 crore in the previous fiscal. For the full year (FY25), the company reported a consolidated operational revenue of Rs 15,227 crore, up 35 percent from Rs 11,247 crore in FY24.
Tata Steel, UPL, Ather Energy, Bajaj Electricals, Happiest Minds Technologies, CARE Ratings, Chalet Hotels, JM Financial, Jyothy Labs, Krishna Institute of Medical Sciences, Krsnaa Diagnostics, Prudent Corporate Advisory Services, PVR Inox, Raymond, SRF, Vijaya Diagnostic Centre, and Zaggle Prepaid Ocean Services will release their March quarter earnings on May 12.
#1 Asian markets rise after White House announces US-China trade deal
#2 GIFT Nifty rallies nearly 2% to above 24,500
#3 US, China allude to positive conclusion of high-stakes trade talks
#4 Details on US-China trade deal in a complete briefing today
#5 Trump to slash prescription drug prices by up to 80%
#6 Dow futures jump 400 points as traders await details on US-China trade deal
#7 Wall Street clocked its first weekly loss in three
#8 European markets ended higher with DAX at record high
#9 US 10-year yield holds steady as investors monitor global trade negotiations
#10 Oil posts weekly gain; Brent futures near $64
#11 Gold futures slip amid US-China trade talks
#12 Bitcoin holds above $1,00,000
After showing a range bound movement in the last couple of weeks, Nifty slipped into a sharp weakness on the back drop of rising escalation between India and Pakistan on Friday and closed the day lower by 265 points amidst high volatility. After opening with a negative note, the market later shifted into a range bound action in the mid to later part of the session with an attempt of upside recovery in between.
A small green candle was formed on the daily chart at the lows with long upper shadow. Technically, this market action indicates an attempt of downside breakout of the range movement.
Nifty on the weekly chart formed a bearish engulfing type candle pattern (not a classical one) this week after a sustainable upside in the last four weeks. This is negative indication and signals a formation of crucial reversal pattern on the downside as per long term chart.
The geo-political tensions between India and Pakistan is weighing heavy on the market. Further weakness from here could find strong cluster supports around 23800-23600 levels (weekly 10/20 period EMA and support as per change in polarity) and there is a possibility of an upside bounce occurring from the lows. Immediate resistance is placed at 24200.