Nifty 50 ended at 24,631.30, gaining 12.00 points (0.05%). Bank Nifty closed at 55,341.85, up 160.40 points (0.29%). Sensex settled at 80,597.66, rising 57.75 points (0.07%).
- Dow Jones Futures rose 0.10% to 44,966.45.
- European markets
- FTSE slipped 0.01% to 9,164.15.
- CAC climbed 0.37% to 7,833.50.
- DAX increased 0.35% to 24,270.40.
Global events/updates
- Prime Minister of the UK Keir Starmer has hosted Ukrainian President Volodymyr Zelensky at Downing Street for private talks.
- Their meeting comes ahead of a crucial summit in Alaska on Friday, where US President Donald Trump and Russian President Vladimir Putin are set to discuss ways to end the war in Ukraine.
- Israeli far-right Finance Minister Bezalel Smotrich has announced he will authorize the construction of over 3,000 homes in a disputed settlement project in the occupied West Bank, saying the move is intended to prevent the establishment of a Palestinian state.
- The Indian Commerce Secretary has stated that trade relations with China are progressing positively, with developments in trade being favourable.
Stock news
- IRB Infrastructure Developers Ltd : Q1 net profit rose to ₹2B from ₹1.4B YoY.
- IOC: Q1 net profit fell to ₹57B from ₹72.6B QoQ; EBITDA dropped to ₹126B from ₹136B; margin declined to 5.8% from 6.23%.
- Prakash Pipes Ltd: Q1 EBITDA fell to ₹163M from ₹329M YoY; margin dropped to 8.01% from 16.06%.
- Ethos Ltd: Q1 net profit fell to ₹203M from ₹230M YoY; EBITDA rose to ₹464M from ₹433M; margin declined to 13.4% from 15.84%
- Ashapuri Gold Ornaments: Received an order worth ₹102Cr; market cap at ₹200Cr.
- Amara Raja Energy & Mobility: Q1 net profit fell to ₹1.65B from ₹2.49B YoY; EBITDA declined to ₹3.63B from ₹4.37B; margin dropped to 10.7% from 13.4%.
- Ashok Leyland: Q1 net profit rose to ₹6B vs ₹5.25B YoY; EBITDA at ₹9.7B vs ₹9.1B; margin at 11.11% vs 10.59%; beat estimates.
- The Chairman says Switch Mobility (EV unit) is gaining traction with positive EBITDA.
- Alkyl Amines Chemicals: Q1 EBITDA fell to ₹765M vs ₹791M YoY; margin at 18.9% vs 19.79%.
- SBC Exports Ltd: Received Rs. 17.56 crore export order from HUXXE Readymade Garments Trading.
- Engineers India Ltd (EIL) has signed an MoU with Nuclear Power Corporation of India Ltd (NPCIL) to provide engineering services for the Bharat Small Modular Reactor project. The partnership aims to boost India’s nuclear power capacity and support the goal of achieving 100 GW by 2047 for clean and reliable energy.
- Viviana Power Tech Ltd awarded Rs.59.41 Cr turnkey contract by PSPCL for Punjab LT/HT infrastructure works.
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
| Muthoot Finance Ltd. (9.8%) | Cohance Lifesciences Ltd. (-7.4%) |
| Coromandel International Ltd. (4.4%) | NMDC Steel Ltd. (-7.0%) |
| Pfizer Ltd. (4.4%) | EIH Ltd. (-6.4%) |
| Bajaj Housing Finance Ltd. (3.83%) | NAVA Ltd. (-6.3%) |
| Chalet Hotels Ltd. (3.8%) | Engineers India Ltd. (-5.6%) |
Conclusion
The market ended the session on a mildly positive note, with all major indices recording modest gains, indicating a stable and cautious trading sentiment.
Written by Manideep Appana
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The post Closing Bell: Muthoot Finance, Coromandel International among top gainers as Nifty closes at 24,631; Sensex gains 57 points appeared first on Trade Brains.