Stock Market Today: All You Need To Know Going Into Trade On May 9 Vrathik Jain NDTV Profit

Good morning.

The GIFT Nifty traded 0.34% higher at 23,967 as of 7:10 am, signalling a positive start to Indian equities.

Asian stocks edged upwards, taking cues from Wall Street’s performance on Thursday after President Trump announced a trade deal with the UK while noting that if China talks go well, tariffs could be lowered. Risk-on sentiment prevails, especially after Trump declared that investors should ‘buy shares now.’

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Markets Back Home

Investor sentiment turned cautious on Thursday as geopolitical tensions between India and Pakistan escalated. The benchmark indices ended in the red, reversing Wednesday’s gains.

Tensions spiked following India’s most significant military incursion into Pakistani territory since 1971. Early optimism in the markets faded as concerns mounted, leading to a sell-off in the latter half of the session.

Both indices opened on a strong note—the Nifty 50 at 24,431.50 and the Sensex at 80,912.34.

Foreign portfolio investors stayed net buyers of Indian equities for the 16th straight session on Thursday, as they bought stocks worth Rs 2,007.96 crore.

Domestic institutional investors turned net sellers after being net buyers for a day, as they offloaded equities worth Rs 596.25 crore, according to provisional data from the National Stock Exchange.

India-Pakistan Conflict Live: What We Know So Far From Overnight Developments

• India on Thursday night neutralised Pakistan’s attempt to attack military installations in Jammu, Pathankot, Udhampur and other locations using missiles and drones.

• US Vice President JD Vance has said the United States will not get involved in the conflict between India and Pakistan, calling it a war that is “fundamentally none of our business.”

• US Secretary of State Marco Rubio has held separate phone calls with India’s External Affairs Minister S Jaishankar and Pakistan’s Prime Minister Shehbaz Sharif, urging both sides to de-escalate.

• Sirens and explosions were reported in Akhnoor, Samba, Baramulla, Kupwara and several other areas during India’s night aerial surveillance along the Pakistan border.

• The Bureau of Civil Aviation Security (BCAS) banned visitor entry at airport terminal buildings across India.

• BCAS also made Secondary Ladder Point Checking (SLPC) compulsory for all flights at all airports.

• BCAS cited the recent attack in Pahalgam and the heightened security scenario for enhancing aviation security across installations including airports, airfields, helipads and training institutes.

• Twenty-four airports across India remain closed under Operation Sindoor, following Indian armed forces’ strikes on terror targets in Pakistan and Pakistan Occupied Kashmir on Wednesday.

• India is expected to raise concerns at the IMF over Pakistan’s bailout package during a board meeting in Washington on Friday.

• Foreign Secretary Vikram Misri said India’s executive director at the IMF will present the country’s position on the matter.

• India has launched naval operations in the Arabian Sea. NDTV sources said targeted actions have begun against multiple locations in Pakistan.

Follow live updates here.

Here’s what could influence Indian equities today:

Global Market Moves (As Of 7:10 am IST):

• S&P 500 futures fell 0.05%.

• Australia’s S&P/ASX 200 rose 0.35%.

• Euro Stoxx 50 futures rose 1.11%.

Asian Cues

• Nikkei 225 up 1.37%.

• Kospi down 0.21%.

• Hang Seng up 0.28%.

• Topix up 1.34%.

US Markets Update

Wall Street saw a risk-on boost in investor sentiment with stocks up and bonds down after President Trump announced a trade deal with the UK. He also stated that if discussions with China go well, tariffs could be further lowered.

“This country will hit a point that you better go out and buy stock,” said Trump.

The S&P 500 briefly topped its April 2 highs, and ended 0.6% up. The Nasdaq 100 gained 1%. The Dow Jones Industrial Average added 0.6%.

Catch live updates here.

Earnings In Focus

ABB India, Alkyl Amines Chemicals, Aditya Vision, Bank of India, Birla Corporation, Cera Sanitaryware, Cholamandalam Financial Holdings, Dr Reddys Laboratories, Eveready Industries India, Great Eastern Shipping Company, Grindwell Norton, India Shelter Finance Corporation, Intellect Design Arena, Jupiter Life Line Hospitals, Kirloskar Ferrous Industries, K.P.R. Mill, Lloyds Enterprises, Manappuram Finance, C.E. Info Systems, Motherson Sumi Wiring India, Navin Fluorine International, Novartis India, PTC India Financial Services, Relaxo Footwears, Reliance Power, Shakti Pumps India, Shyam Metalics and Energy, Swiggy, Thermax.

Earnings Post Market Hours

L&T Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 10.9% to Rs 74,392.28 crore versus Rs 67,078.68 crore (Bloomberg estimate: 76,298 crore).

• Ebitda up 13.4% to Rs 8,202.63 crore versus Rs 7,234.18 crore (Bloomberg estimate: 8301.3 crore).

• Margin at 11% versus 10.8% (Bloomberg estimate: 10.9%).

• Net Profit up 25.0% to Rs 5,497.26 crore versus Rs 4,396.12 crore (Bloomberg estimate: 4,545 crore).

REC Q4FY25 Highlights (Consolidated, YoY)

• Total Income up 20.8% to Rs 15,348 crore versus Rs 12,707 crore.

• NII up 37.58% at Rs 5879 crore versus Rs 4273 crore.

• GNPA at 1.35% versus 1.95% (QoQ).

• NNPA at 0.38% versus 0.74% (QoQ).

• Net profit up 5.7% to Rs 4,310 crore versus Rs 4,079 crore.

• NIMs have improved slightly, positively for us.

• Expect to continue runrate of 12% growth in FY25.

EPL Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 7.4% to Rs 1,105 crore, compared to Rs 1,029 crore.

• Ebitda up 19.4% to Rs 228 crore compared to Rs 191 crore.

• Margin at 20.6%, compared to the previous 18.5%.

• Net Profit at Rs 114 crore, compared to Rs 22.3 crore.

• One-time Loss: Significantly reduced to Rs 3.6 crore, compared to Rs 60.5 crore in the previous year.

Biocon Q4FY25 Results Highlights (Consolidated, YoY)

• Revenue up 12.8% to Rs 4,417 crore versus Rs 3,917 crore (Bloomberg estimate: Rs 4,133 crore).

• Ebitda up 17.7% to Rs 1,078 crore versus Rs 916 crore (Bloomberg estimate: Rs 933 crore).

• Margin at 24.4% versus 23.4% (Bloomberg estimate: 22.6%).

• Net profit up 154.8% to Rs 344 crore versus Rs 135 crore (Bloomberg estimate: Rs 197.9 crore).

• Generics business delivered 46% YoY and a robust 53% sequential growth in Q4, concluding FY25 with an overall 8% growth over the previous year.

• Biocon Biologics continued its growth momentum in Q4, a robust 9% year-on-year revenue driven by significant market share gains in the U.S. and key tender wins in Emerging Markets.

Titan Q4FY25 Results Highlights (Consolidated, YoY)

• Revenue up 19.4% to Rs 14,916 crore versus Rs 12,494 crore (Bloomberg estimate: Rs 13,693 crore).

• Ebitda up 29.1% to Rs 1,537 crore versus Rs 1,191 crore (Bloomberg estimate: Rs 1,353.8 crore).

• Margin at 10.3% versus 9.5% (Bloomberg estimate: 9.9%).

• Net Profit up 13% to Rs 871 crore versus Rs 771 crore (Bloomberg estimate: Rs 855 crore).

Kalyan Jewellers Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 36.6% to Rs 6,181 crore versus Rs 4,525 crore. (Bloomberg estimate: Rs 6,167.7 crore).

• Ebitda up 34.8% to Rs 399 crore versus Rs 296 crore.

• Margin at 6.4% versus 6.5%.

• Net profit up 36.2% to Rs 188 crore versus Rs 138 crore. (Bloomberg estimate: Rs 185.8 crore)

Jindal Stainless Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 8% to Rs 10,198 crore versus Rs 9,454 crore. (Bloomberg estimate: 10,568 crore).

• Ebitda up 2.5% to Rs 1,061 crore versus Rs 1,035 crore. (Bloomberg estimate: 1,091.6 crore).

• Margin at 10.4% versus 11%. (Bloomberg estimate: 10.3%).

• Net profit up 18% to Rs 591 crore versus Rs 501 crore. (Bloomberg estimate: 526 crore).

Pidilite Industries Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 8.2% to Rs 3,141 crore versus Rs 2,902 crore.

• Ebitda up 9.6% to Rs 632.5 crore versus Rs 577 crore.

• Ebitda margin at 20.1% versus 19.8%.

• Net profit up 40.5% to Rs 422.3 crore versus Rs 300.6 crore.

IIFL Finance Ltd. Q4FY25 Highlights (Standalone, YoY)

• Total Income down 18.4% to Rs 1,140.68 crore versus Rs 1,398.12 crore.

• NII down 29.76% at Rs 517 crore versus Rs 736 crore.

• GNPA at 2.23% versus 2.42% (QoQ).

• NNPA at 1.05% versus 1.01% (QoQ).

• Net profit down 76.9% to Rs 38.42 crore versus Rs 165.03 crore.

Muthoot Microfin Q4FY25 Highlights (YoY)

• Total Income down 13.8% at Rs 556 crore versus Rs 645 crore (YoY).

• Net Loss of Rs 401 crore versus profit of Rs 120 crore (YoY).

• GNPA at 4.84% versus 3.03% (QoQ).

• NNPA at 1.34% versus 1.27% (QoQ).

Dilip Buildcon Q4FY25 (Consolidated, YoY)

• Revenue down 8% at Rs 3096 crore versus Rs 3365 crore.

• Ebitda up 100.91% at Rs 661 crore versus Rs 329 crore.

• Ebitda margin up 1157 bps at 21.35% versus 9.77%.

• Net profit up 10352.83% at Rs 277 crore versus Rs 2.65 crore.

Britannia Industries Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 9% to Rs 4,432.19 crore versus Rs 4,069.36 crore (Bloomberg estimate: Rs 4,388.1 crore)

• Net Profit up 4% to Rs 560 crore versus Rs 538.28 crore (Bloomberg estimate: Rs 513.1 crore)

• Ebitda up 2.3% to Rs 805.17 crore versus Rs 787.45 crore (Bloomberg estimate: Rs 752.2 crore)

• Margin at 18.2% versus 19.4% (Bloomberg estimate: 17.1%)

Aarti Industries Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 9.9% to Rs 1,949 crore versus Rs 1,773 crore (Bloomberg estimate: Rs 1,908.6 crore).

• Ebitda down 5.3% to Rs 268 crore versus Rs 283 crore (Bloomberg estimate: Rs 252.5 crore).

• Margin at 13.8% versus 16% (Bloomberg estimate: 13.2%).

• Net Profit down 27.3% to Rs 96 crore versus Rs 132 crore (Bloomberg estimate: Rs 66.8 crore).

Zee Entertainment Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 0.7% to Rs 2,184 crore versus Rs 2,169.6 crore.

• Ebitda up 41.6% at Rs 298 crore versus Rs 210 crore.

• Margin at 13.6% versus 9.9%.

• Net Profit Rs 188.4 crore versus Rs 13.4 crore.

R Systems Q4FY25 Results Highlights (Consolidated, YoY)

• Revenue up 6.19% at Rs 442.4 crore versus Rs 416.6 crore.

• Net profit up 40.51% at Rs 38.5 crore versus Rs 27.4 crore.

• Ebitda up 32.33% at Rs 70.4 crore versus Rs 53.2 crore.

• Margin at 15.91% versus 12.77%.

Rain Industries Q4FY25 (Consolidated, YoY)

• Revenue up 2.7% at Rs 3,768 crore versus Rs 3,670 crore.

• Ebitda up 11.2% at Rs 380 crore verus Rs 342 crore.

• Margin at 10% vs 9.3%.

• Net loss of Rs 138 crore versus loss of Rs 146 crore.

Fine Organics Q4FY25 Results Highlights (Consolidated, YoY)

• Revenue up 11% at Rs 607 crore versus Rs 547 crore.

• Ebitda down 16.7% at Rs 119 crore versus Rs 144 crore.

• Margin at 19.7% versus 26.2%.

• Net profit down 15% at Rs 97 crore versus Rs 114 crore.

Union Bank of India Q4FY25 Highlights (Standalone, YoY)

• Net profit up 50.6% at Rs 4,985 crore versus Rs 3,310 crore.

• Net Interest Income up 1% at 9,514 crore versus Rs 9,437 crore.

• Gross NPA at 3.6% versus 3.85% (QoQ).

• Net NPA at 0.63% versus 0.82% (QoQ).

• Operating profit up 17.9% at Rs 7,700 crore versus Rs 6,533 crore.

• Provisions up 22.6% at Rs 1,544 crore versus Rs 1,260 crore.

• Provisions down 3.4% at Rs 1,544 crore versus Rs 1,599 crore.

Stocks in News

• Lupin: The company has received USFDA approval for Raltegravir tablets. Raltegravir tablets are used to treat HIV-1 infection in adults. U.S. market size estimated at $34 million (IQVIA MAT March 2025. 

• Mahindra and Mahindra Financial Services: The company has approved the rights issue of Rs 194 per share for an aggregate amount of up to Rs 2,996 crore. The record date for determining the eligible shareholders is May 14. The rights issue will open for subscription on May 22 and close on June 6.

• Brigade Enterprises: The company will develop a premium commercial project with a gross development of over Rs 2,000 crore in Bengaluru.

• Tata Motors: The National Company Law Tribunal has approved the merger of Tata Motors Finance with the company, making Tata Motors Finance no longer a step-down subsidiary.

• Infosys: In-tech Automotive Engineering voluntarily dissolves its Mexican subsidiary.

• Bharat Petroleum Corp: The company has been awarded contracts for the development of 100 MW Windfarm Projects—50 MW each in the states of Madhya Pradesh and Maharashtra. This initiative is a major step in BPCL’s strategy to transition to renewable energy and reduce reliance on imported fossil-based power.

• Oil and Natural Gas Corp: The company’s contract with BP as the technical service provider for the Mumbai High field remains in effect, as clarified in reports confirming that the Mumbai High tender has not been canceled despite uncertainties regarding the BP partnership.

• Gensol Engineering: SEBI has informed the company about the appointment of a Forensic Accountant and Investigator to carry out a forensic audit of its financial statements for the financial years ending March 31, 2022, 2023, 2024, and 2025 (review period).

• Birla Corp: The company has approved capital expenditure for capacity expansion, including the establishment of a 3.70 MTPA manufacturing unit in Madhya Pradesh and the development of two Greenfield Grinding Units in Uttar Pradesh, with a combined capacity of 3.40 MTPA.

Brokerage Radar

Citi on India Strategy

• Q4 thus far: Ebitda up 6% yearly, above subdued expectations

• FY26 earnings per share estimates down 2% since start of the quarter.

• Decent Ebitda growth & ‘beats’ in commodities (energy & materials)

• Consumer discretionary, and staples, have reported in-line mid-teens and low-single-digit Ebitda growth respectively.

• IT slightly below estimates with mid-single-digit Ebitda growth

• Large banks delivered PPOP growth of 12% yearly, ahead of expectations

• December 2025 Nifty target: stands at 26,000 indicating a 7% upside.

Goldman Sachs on Larsen & Toubro

• Maintain ‘neutral’ but trim target price to Rs 3,260 from Rs 3,330.

• On Q4: note solid order inflow alongside FY26 prospect base of Rs 19 trillion and core margins of 8.5%.

• FY26 prospect base is up 57% on an annual basis, mostly driven by higher international prospects.

• Macro uncertainty and increasing international mix keeps the brokerage neutral.

Morgan Stanley on Asian Paints

• Maintain ‘underweight’ with a target price of Rs 2,126.

• Note competitive intensity, advise focus on right value proposition over market share.

• Ebitda margin guidance unchanged at 18-20%.

Insider Trading

• Uflex: Promoter Flex International revoked a pledge for 8.07 lakh shares.

Trading Tweaks

• Ex/dividend: Laurus Labs, Bank of Maharashtra, Transformers and Rectifiers, Anand Rathi Wealth, Bajaj Finance, Coforge, UCO Bank.

• Price Band change from 20% to 10%: Cellecor Gadgets, Sterlite Technologies.

• List of securities shortlisted in Short – Term ASM Framework Stage 1: CCL Products (India)

• List of securities to be excluded from ASM Framework: E2E Networks.

F&O Cues

• Nifty May Futures down by 1.08% to 24,207 at a discount of 66 points.

• Nifty May futures open interest down by 3%.

• Nifty Options May 15 Expiry: Maximum call open interest at 26,000 and maximum put open interest at 22,000.

• Put-Call ratio at 1.7, with highest change in Put open interest at 24,400.

• Securities in ban period: CDSL, RBL Bank, Manappuram Finance. 

Currency/Bond

The Indian rupee weakened sharply by 89 paise against the US Dollar to close at 85.72 on Thursday, as tensions escalated between India and Pakistan.

The yield on 10-year bond ended 6 basis points higher.

. Read more on Markets by NDTV Profit.The NSE Nifty 50 closed 140.60 points or 0.58% lower at 24,273.80, while the BSE Sensex ended 411.97 points or 0.51% down at 80,334.81.  Read MoreMarkets, Notifications 

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