Flat Opening Expected for Indian Equity Benchmarks Ahead of Q4 GDP Data
The BSE Sensex and NSE Nifty50 are expected to open flat on Friday, amid weak cues from Asian markets and caution ahead of the Q4 GDP data. Several companies are set to release their quarterly earnings.
Real Estate:The Indian equity benchmarks, the BSE Sensex and the NSE Nifty50, are expected to open flat on Friday. This cautious opening is influenced by weak cues from Asian peers and the anticipation of the highly-anticipated GDP data for the fourth quarter and the full fiscal year, which will be released after market hours today. The subdued trends in GIFT Nifty futures further signal a flat start for domestic benchmark indices. At 8:20 AM, the GIFT Nifty futures were up by 11.5 points at 24,948, indicating a subdued opening for the Sensex and the Nifty.
Among individual stocks, shares of Apollo Hospitals, FSN E-Commerce Ventures (Nykaa), AstraZeneca Pharma India, IVRCL, SML Isuzu, Swan Energy, and many others will be in focus as they are set to release their quarterly earnings today.
On Thursday, the Indian share market closed higher despite choppy trade, as sentiment was boosted after a U.S. court struck down President Donald Trump’s reciprocal tax policy. The 30-share Sensex closed 320.70 points, or 0.39%, higher at 81,633, and the Nifty50 rose 81.15 points, or 0.33%, to settle at 24,834. On the sectoral front, metal and realty indices emerged as top gainers, rising over 1% each, followed by IT, pharma, bank, and energy. On the other hand, FMCG and PSU banks were among the top laggards.
On the global front, Wall Street finished higher with modest gains as investors digested a U.S. court ruling that temporarily struck down President Trump’s reciprocal tax policy. The rally in NVIDIA shares after the chipmaker released its earnings report also boosted sentiment. The Dow Jones Industrial Average ended 0.28% higher, while the S&P 500 gained 0.40%. In a similar trend, the tech-heavy Nasdaq Composite closed 0.39% higher.
Meanwhile, the equity markets in the Asia-Pacific region witnessed bearish trade today amid uncertainties about Trump’s “reciprocal” tariff policies as the 90-day pause is set to end soon. Hong Kong’s Hang Seng index was the biggest loser in the region, falling as much as 1.6%. This was followed by Japan’s Nikkei 225 index, which declined 1.4%. Among others, China’s Shanghai Composite was down 0.4%, while Singapore’s Straits Times slid 0.2%.
Several key companies are in the spotlight today due to their quarterly earnings releases. Bajaj Auto reported a 10.4% year-on-year (YoY) drop in its consolidated net profit at ₹1,802 crore for the fourth quarter of the financial year 2024-25 (Q4FY25). Suzlon Energy’s net profit jumped multi-fold to ₹1,180.98 crore in Q4FY25, compared to ₹254.12 crore in the corresponding period of the previous fiscal. Ola Electric Mobility saw its net loss widening to ₹870 crore in Q4FY25, from ₹416 crore in the corresponding quarter of last year.
Samvardhana Motherson International’s net profit dropped by 23% YoY to ₹1,050 crore in Q4FY25, while revenue from operations rose to ₹29,317 crore. Wockhardt reported a consolidated net loss of ₹45 crore in Q4FY25, against a net loss of ₹177 crore in the corresponding period last year. Sobha, the real estate company, saw its net profit rising by 481.7% to ₹40.85 crore in the March quarter of FY25, against a profit of ₹7.02 crore for the corresponding quarter of the previous financial year.
Nuvama Wealth Management posted a 41% YoY rise in net profit to ₹255 crore in Q4FY25. Texmaco Rail & Engineering has bagged an order worth ₹140.55 crore from the Ministry of Railways for supplying flat multi-purpose wagons. Rail Vikas Nigam has signed a pact with Texmaco Rail to collaborate in areas of mutual interest, particularly in the field of railway infrastructure and allied sectors.
Wipro, the IT major, has launched its global Wipro Innovation Network, an initiative aimed at accelerating co-innovation with clients using cutting-edge technologies. Prestige Estates Projects has entered into a partnership with Valor Group to develop an office complex worth ₹4,500 crore in Mumbai. Sunteck Realty, the real estate developer, has secured redevelopment rights for a 2.5-acre housing society in Andheri East, Mumbai, with a gross development value (GDV) of around ₹1,100 crore. UltraTech Cement has completed the acquisition of 100% equity stake in Wonder WallCare to make it a wholly-owned subsidiary.
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Frequently Asked Questions
What is expected for the BSE Sensex and NSE Nifty50 on Friday?
The BSE Sensex and NSE Nifty50 are expected to open flat on Friday, influenced by weak cues from Asian peers and caution ahead of the Q4 GDP data.
Which companies are releasing quarterly earnings today?
Apollo Hospitals, FSN E-Commerce Ventures (Nykaa), AstraZeneca Pharma India, IVRCL, SML Isuzu, Swan Energy, and others are set to release their quarterly earnings today.
How did the Indian share market perform on Thursday?
On Thursday, the Indian share market closed higher with the Sensex up 0.39% and the Nifty50 up 0.33%, boosted by a U.S. court ruling.
What was the performance of global markets, particularly in the Asia-Pacific region?
The Asia-Pacific region witnessed bearish trade, with Hong Kong’s Hang Seng index falling 1.6% and Japan’s Nikkei 225 index declining 1.4%.
Which real estate companies are in the news today?
Sunteck Realty secured redevelopment rights for a housing society in Mumbai, and Prestige Estates Projects entered a partnership with Valor Group to develop an office complex in Mumbai.