After opening on a positive note, Indian benchmark indices extended their upward momentum throughout the session, ending in green.

The BSE and the NSE benchmark indices settled in green supported rally in metal and IT stocks and better-than-expected CPI inflation data from both India and the US.  India's retail inflation slipped to 3.16 per cent in April, the sixth consecutive month of decline.

At the closing bell, the BSE Sensex closed higher by 182 points (up 0.2%)

Meanwhile, the NSE Nifty closed points 88 higher (up 0.3%)

Tata Steels, Tech Mahindra, and Maruti Suzuki are among the top gainers today

Asian Paints, Kotak Mahindra, and Tata Motors, on the other hand, were among the top losers today.

The GIFT Nifty was trading at 24,709, higher by 73 points at the time of writing.

The BSE MidCap index ended 1.2% higher, and the BSE SmallCap index ended 1.6% higher.

Baring banking sector all other sectoral indices were trading positive today with stocks in metal sector and realty sector witnessed buying.

The rupee is trading at Rs 85.2 against the US$.

Gold prices for the latest contract on MCX are trading 0.2% lower at Rs 93,425 per 10 grams.

Meanwhile, silver prices were trading 0.1% lower at Rs 96,660 per 1 kg.
 

HAL Shares Surges Despite Profit Decline

In the news from defence sector, shares of Hindustan Aeronautics rose 4% after announcing Q4 results, marking a 7% gain over two days.

HAL reported a 7.7% decline in its consolidated net profit for the Q4, with profits dropping to Rs 397.6 billion(bn) from Rs 430.8 last year.

Revenue dropped 7.2% to Rs 1,369 bn from 1,476.8 bn in Q4FY25.

HAL is shifting from a traditional model to an indigenous one, working on projects like Tejas, Su-30 upgrades and light utility helicopters, which are expected to boost revenue growth.

HAL is a state-owned Indian aerospace and defence company that designs builds and maintains aircraft, helicopters and defence systems for the Indian military and civilian use.

It also produces fighter jets, transport aircraft, and avionics systems, heling India become self-reliant in defence manufacturing.

Max Financial Posts Strong Q4 Results

Moving on to the news from finance sector, shares of Max Financial Servicesv rose 4% on Wednesday after company reported good Q4 results driven by strong performance by its life insurance unit.

The company's Q4 net profit was Rs 0.3 bn compared to a loss 0.4 bn last year. However, sales fell 16.8% to Rs 1,237.6 bn from Rs 1,488.6 bn.

Max Financials FY25 net profit fell 3.7% to Rs 3.2bn from Rs 3.4% bn. Sales dropped 0.2% to Rs 464.6 bn from Rs 465.7 bn.

Its new business margin value grew strongly inQ4FY25 due to shift from unit-linked plans to non-participating saving products.

For Q4FY25, new value business rose 8% to Rs 8.8 bn from 8.2 bn, with margin increasing to 29% from 28.5%.

Max Financial Services is holding company Max Life Insurance. It provides investments and advisory services, focusing on life insurance, health, pension and annuity plans for individuals and group.
 

ITD Cementation Surges on Strong Results

Moving on to the news from construction sector, shares of ITD cementation rallied 14% on Wednesday after the company reported strong Q4 earnings and a major contract win worth Rs 5.9 bn for infrastructure work at Jaipur International Airport.

ITD Cementation's Q4FY25 net profit rose 27% to Rs 1.1 bn with EBITDA growing 11% to Rs 2.7 bn and operating income increasing 10% to Rs 24.8 bn.

As of March 2025, the company's order book was Rs 183 bn. The company won new orders worth over Rs 71 bn in FY25.

Adani Renew Exim completed its open offer for ITD Cementation acquiring 20.8% shares and paying the full amount. After completing formalities, Renew Exim will hold 67.5% stake in ITD Cementation.

ITD Cementation is a leading Indian engineering and construction company with 90 years of experience, specializing in large infrastructure projects such as airports, highways, bridges, tunnels, dams, metro systems and maritime structures.
 

Raymonds Shares Drop Due To Demerger.

Moving on to the news from realty sector, shares of Raymond dropped 66% to Rs 530 due to demerger, as the stock went ex-date for spinning off its real estate business Raymond Reality.

The ex-date is when parent company's share started trading without spun-off company's share.

Raymonds plans to split off its real estate business to unlock value for shareholders and tap into India's growing property market.

Raymonds board approved splitting the company into two separate entities Raymond Ltd and Raymond Realty Ltd.

After the demerger, Raymonds Realty will issue 67 million shares face value of Rs 10 each to Raymonds's existing shareholders.

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