Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
At 12:26 IST, the barometer index, the S&P BSE Sensex, advanced 164.61 points or 0.20% to 81,318.43. The Nifty 50 index jumped 89.55 points or 0.36% to 24,667.90.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.96% and the S&P BSE Small-Cap index added 1.41%.
The market breadth was strong. On the BSE, 2,726 shares rose and 1,061 shares fell. A total of 177 shares were unchanged.
Economy:
The Wholesale Price Index (WPI) eased to 0.85% in April 2025 as compared with 2.05% in March 2025. Positive rate of inflation in April, 2025 is primarily due to increase in prices of manufacture of food products, other manufacturing, chemicals and chemical products, manufacture of other transport equipment, manufacture of machinery and equipment, etc.
India's retail inflation in April fell to 3.16% from 3.34% in March, showed official data released by the Ministry of Statistics and Programme Implementation on Tuesday. Effectively, headline inflation declined 18 basis points in April 2025 compared to March 2025. According to the government, it is the lowest year-on-year inflation since July 2019. The significant decline in headline inflation and food inflation during the month of April 2025 is mainly attributed to the decline in inflation of vegetables, pulses & products, fruits, meat and fish, personal care and effects and cereals and products.
Buzzing Index:
The Nifty Oil & Gas index rose 1.06% to 11,377.85. The index fell 0.91% in the past trading session.
Oil India (up 3.79%), Hindustan Petroleum Corporation (up 1.97%), Oil & Natural Gas Corpn (up 1.91%), Indraprastha Gas (up 1.28%), Bharat Petroleum Corporation (up 1.22%), Adani Total Gas (up 1.22%), GAIL (India) (up 1.19%), Aegis Logistics (up 1%), Gujarat Gas (up 0.96%) and Indian Oil Corporation (up 0.85%) advanced.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, down 5.30% to 17.24. The Nifty 29 May 2025 futures were trading at 24,742, at a premium of 74.1 points as compared with the spot at 24,667.90
The Nifty option chain for the 29 May 2025 expiry showed a maximum call OI of 51.7 lakh contracts at the 25,000 strike price. A maximum put OI of 65 lakh contracts was seen at a 24,000 strike price.
Stocks in Spotlight:
ITD Cementation India surged 8.72% after the company’s consolidated net profit jumped 26.9% to Rs 113.55 crore in Q4 FY25 as compared with Rs 89.51 crore in Q4 FY24. Revenue from operations increased 9.8% YoY to Rs 2,479.72 crore in the quarter ended 31st March 2025.
Tata Elxsi rose 2.14% after the company announced a strategic collaboration with Mercedes-Benz Research and Development India (MBRDI) to support engineering and software development for Software Defined Vehicles (SDVs).
Bharti Airtel rose 0.62%. The telecom major's consolidated net profit soared 432.04% to Rs 11,021.8 crore in Q4 FY25 as against Rs 2,071.6 crore reported in Q4 FY24. Revenue from operations increased 27.33% YoY to Rs 47,876.2 crore in Q4 FY25.
Tata Elxsi will leverage its proprietary solutions such as the AVENIR SDV suite and AUTONOMAI ADAS suite, backed by its network of Mobility Innovation Centres and engineering talent.
Manoj Raghavan, MD and CEO, Tata Elxsi, said, 'This collaboration underscores our deep domain expertise and capabilities in Automotive Software and Digital, including Software Defined Vehicles, and provides us with a unique opportunity to contribute to the Mercedes-Benz vision of building the world's most desirable cars. We have been partnering with MBRDI for over a decade now, and this collaboration marks a milestone moment and sets the stage for further scaling and deepening our relationship.'
Tata Elxsi is a leading provider of design and technology services across industries including automotive, broadcast, communications, healthcare, and transportation. The company reported 12.4% fall in net profit to Rs 172.4 crore in Q4 FY25 from Rs 196.9 crore in Q4 FY24. Revenue from operations for the period under review aggregated to Rs 908.3 crore, up 0.3% YoY.
Tata Elxsi announced that it has been selected by Mercedes-Benz Research and Development India for Vehicle Software Engineering and Software Defined Vehicles (SDV) development.
Mercedes-Benz has been setting benchmarks in automotive excellence for nearly 140 years and continues to advance the industry by pioneering developments in software-defined vehicles. The company's integrated software architecture is designed to enhance vehicle capabilities, create intuitive interfaces, and optimize performance, elevating the user experience and evolving with changing driver needs.
Tata Elxsi is working with leading OEMs across the world to develop SDV platforms, accelerating the speed of innovation and software scalability across vehicle models and platforms, at lowered costs and shared accountability. It brings together domain experience across autonomous, electric, connected vehicle technologies, AI and software-defined vehicles (SDV), supported by state-of-the-art labs and Mobility Innovation Centres and a portfolio of solutions including the AVENIR SDV suite and AUTONOMAI ADAS suite.