After opening in a weaker note, Indian benchmark indices continued their downward upward, ended the session in green.

The BSE and the NSE benchmark indices settled with marginal gains on Wednesday after India's precision strike on the terror training camps in Pakistan and Pakistan-occupied Kashmir (PoK).

At the closing bell, the BSE Sensex closed higher by 105 points (up 0.1%).

Meanwhile, the NSE Nifty closed points 34 higher (up 0.1%)

Tata Motors, Bajaj Finance, Adani Ports among the top gainers today

Asian Paints, Sun Pharma, and ITC, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,450, higher by 36 points at the time of writing.

The BSE MidCap index ended 1.3% higher, and the BSE SmallCap index ended 1.2% higher.

Barring the FMCG sector and the healthcare sector, all other sectoral indices were trading positively today, with stocks in the auto sector and the metal sector witnessing buying.

The rupee is trading at Rs 84.7 against the US$.

Gold prices for the latest contract on MCX are trading 0.8% lower at Rs 96,755 per 10 grams.

Meanwhile, silver prices were trading 0.5% lower at Rs 96,257 per 1 kg.
 

MRF Q4 Results Boost Share Value

In the news from auto sector, shares of MRF after the company reported a 31% increase in profit for the March quarter.

MRF's share have surged 20% from their recent low Rs 1,08,001 per share and gained 7.5% this year.

Net profit rose to Rs 4.9 billion (bn) from Rs 3.8 bn year over year. Revenue also increased 11.7% to Rs 69.4 bn. Operating profit (EBITDA) grew to Rs 10.4 bn with a margin of 15%.

The company's board has also declared a final dividend of Rs 229 per share for the financial year 2025, in addition to the interim dividend of Rs 6 per share already paid earlier. This brings total dividend of Rs 235 per share for FY25.

MRF is the India's biggest tire maker and of the top 20 global manufacture. It also the India's largest supplier of original tires (OEM) for vehicles, ranging from two-wheeler to fighter aircrafts. Also has manufacturing facilities in several states in India.

Angle One Shares Rises on Update

Moving on to the news from financial services sector, shares of Angle One surged 3%. This happened after the company posted its business update for April.

Angle One's client base saw a significant growth of 37% year-on-year to 31.4 million as compared to 22.9 million. Its client funding rose 86.7% to Rs 39.1 bn in April as compared to 20.9 bn previous year.

Order volume dropped 21.3% year over year to 106.6 million down from 135.5 million. However, it saw a 4.4% quarterly increase from 102.1 million in the previous quarter.

Average daily orders declined 17.1 % year-over-year to 5.61 million but rose 4.4% compared to the previous quarter.

Angle One is a traditional brokerage firm started in 1996. In 2019 it shifted to a digital-first approach, launching app for digital investing and personalized financial services.

It combined technology and customer focus to expand its new markets including smaller cities. In December 2021, it became India's largest listed retail broking house in terms of active clients on the NSE.

The company's market value stood at Rs 211.7 bn. The stocks 52-week high was Rs 3,502.6 and its low was Rs 1,942.
 

Piramal Enterprise Share Surges Post Q4 Earnings

Moving on to the news from financial services sector, shares of Piramal Enterprise jumped over 7% on Wednesday even after the company reported a 25% drop in Q4 consolidated profit.

The company's Q4 profit fell 25% to Rs 1.02 bn. However, for the full year FY25, the company reported a profit of Rs 4.9 bn compared to previous year.

Revenue grew to Rs 28.5 bn from Rs 24.7bn previously. Other income surged to Rs 1.8 bn from Rs 0.5bn. Along with total expenses decreased to Rs 30.1 bn from Rs 47.2 bn.

The company's non-performing assets ratio increased to 2.8% from 2.4%. However, assets under management grew 17% in FY25, with plans to accelerate growth to 25% in FY26.

In May 2024, Piramal Enterprise approved merging with its subsidiary Piramal Capital & Housing Finance Ltd, which will be renamed Piramal Finance Limited. The merger is expected to be completed by Q1FY26.

Piramal Enterprise is a major Indian non-banking financial company with Rs 83 bn in assets and over 400 branches across 26 states offering various financial products and services.

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