The stock market will remain closed on Thursday due to “Maharashtra Day.”
Further updates related to tariffs will also be monitored by investors, experts noted.
The stock market has earned profits in the last two sessions due to rising geopolitical tensions between India and Pakistan after 26 people were killed in terrorist attacks on tourists in Jammu and Kashmir.
“The weeks that have been shortened to the upcoming holidays mark the beginning of the new month, making monthly car sales data a key area for market participants. On a macroeconomic front, investors closely track the index of industrial production (IIP) data and HSBC manufacturing PMI data.
“On the other hand, geopolitical development between India and Pakistan remains on the radar. In terms of corporate revenue, several well-known companies, including BPCL, IOC, Bajaj Finance, TVS Motors and Ultratech Cement, will set it up to release quarterly results. Co., Ltd. said. Last week, the BSE Benchmark Gauge rose 659.33 points or 0.83%, while NSE Nifty rose 187.7 points or 0.78% despite earning profits in the last two sessions. On Friday, the 30-share BSE Barometer Sensex tanked 588.90 points or 0.74%, settling at 79,212.53. NSE Nifty lowered 207.35 points or 0.86% to 24,039.35.
Siddhartha Khemka, Head-Research, Wealth Management, Motilal Oswal Financial Services Ltd. “The geopolitical development between India and Pakistan could add volatility to the Indian market in the coming days. Torrent, Ambuja is cementing among others.”
Meanwhile, Reliance Industries Ltd on Friday reported a 2.4% increase in net profit for the March quarter, as retail store streamlining and improved communications offset weakness in the main oil and petrochemical business and weaker financial costs.
The combined net income was Rs 14.34 per share, or Rs 14.34 (Rs 14.34 per share, from April 2024 to March 2025 (FY 25) – January to March.
“The week from April 28th to May 2nd, 2025 will bring about a series of important economic releases that may affect global market dynamics and investors’ sentiment. In India, attention will be paid to industrial production (YOY) data for March, scheduled to be released on April 28th.
VK Vijayakumar, chief investment strategist at Geojit Investments Limited, said, “In India there is a clear trend reversal in the FII strategy. For the past eight days, FII (foreign institutional investors) have been a supporter of the Indian market.”
An interesting point of this reversal of the FII strategy was what happened when tensions in the Indo-Pak rose following the Pahargam terrorist attack, he pointed out.
