After opening in green, Indian benchmark indices gained momentum throughout the session, ultimately closing in positive territory.

The BSE and the NSE benchmark indices extended the winning streak to the sixth straight trading day on Tuesday, backed by gains in FMCG and private banking shares.

At the closing bell, the BSE Sensex  closed higher by 187 points ( up 0.2%)

Meanwhile, the NSE Nifty closed points 42 higher ( up 0.1%)

HDFC Bank, Kotak Mahindra Bank, and Sun Pharmaare  among the top gainers today

IndusInd Bank, Bharti Airtel, and Adani Ports, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,16,9, higher by 19.5 points at the time of writing.

The BSE MidCap index ended 0.7% higher, and the BSE SmallCap index ended 0.8% higher.

Sectoral indices were trading mixed, with stocks in the media sector and IT witnessing selling pressure. Meanwhile, stocks in the realty sector and the financial services sector witness buying.

The rupee is trading at Rs 85.1 against the US$.

Gold prices for the latest contract on MCX are trading 1.2% higher at Rs 98.416 per 10 grams.

Meanwhile, silver prices were trading 0.1% lower at Rs 95,190 per 1 kg.
 

IndusInd Shares Fall on Audit News

In the news from the banking sector, shares of IndusInd bank dropped 6% to Rs 776 per share on 22 April 2025.

This happened because of the new that the bank's board has hired Ernst & Young to conduct a second forensic audit to investigate a Rs 6 billion (bn) discrepancy related to interest income from its microfinance loans.

Grant Thornton Bharat is separately probing issues with the bank's forex derivates accounting to identify the irregularities and determine responsibility.

Recently, the bank has hired PwC to review its forex derivatives accounting, and their report estimated potential losses of Rs 19.8 bn, exceeding the initial estimate of Rs 16 bn.

However, IndusInd Bank made recent changes in its leadership team. Santosh Kumar has been promoted to CFO replacing CFO Arun Khurana just before the Bank announces its quarterly financial results.

Since 10 March, the company revealed issues with its derivatives, the share price has been dropped by 11%. But since past few trading the stock price jumped 16% after the bank addressed the problem.

Mahindra Logistics Shares Jump on Earnings

Moving on to the news from logistics sector, shares of the Mahindra Logistics have risen 4% on Tuesday after the company reported a smaller loss in its March quarter results, due its strong performances in its contract logistic business and improved performances from Rivigo, express commerce unit.

Mahindra logistics quarterly losses narrowed to Rs 0.7 bn from Rs 1.3 bn last year. Revenue grew 8.2% grew due to strong performances in supply chain management while expenses increased 7.4%

The company's 04FY25 performance was better due to improved result in its supply chain business. Losses in the Rivigo segment decreased.

The stock was upgraded due to improved operations and reduced losses in the Rivigo segment. However, the company still faces tough competition in the logistics sector from rivals and e-commerce giants like Amazon and Flipkart.
 

Himadri Q4 Profit Drives Stock Higher

Moving on to the news from chemical sector, shares of the India's largest speciality carbon black maker Himadri Speciality Chemical surges 5% at high of Rs 503.9 after strong Q4 earnings.

Himadri Specialty Chemical's profit grew 35.9% to Rs 1.6 bn while revenue dipped 3.59% to Rs 11.3bn. However, EBITDA jumped 29.2% to Rs 2.3 bn, showing the company's strong operational performance despite a slight revenue decline.

Also, the company declared the dividend of Rs 0.6 per share and approved the acquisition of Elixir Carbo for Rs 0.1 bn.

The stock has risen for 3 consecutive days, up 13.5%. However, it's still 27% below its 52-week high. In the last 3 months, the stock fell 4.8%, but over the past year, it's up 33.3%.
 

Tata Investment Q4 Results Disappoint

Moving on to the news from financial services sector, shares of Tata Investments drop 2.7%. This happened after the company released its Q4FY25 results.

The company's Q4 net profit declined 37.6% to Rs 0.4 bn, and revenue dropped to Rs 0.2 bn from Rs 0.6 bn and Rs 0.6 bn respectively in the same period last year.

Tata Investments Corporation's board recommended a dividend of Rs 27 per share and approves the re-appointment of Rajiv Dube as the Independent Director for the second 5-year term starting 15 October 2025.

Tata Investment Corporation invests in various companies, including those within the Tata group, that have a strong track record of performing well financially. Their investment approach aims to find a balance between getting good value and achieving growth.

Tata Investment Corporation's market capitalization is approximately Rs 318.13 bn. The 52-week high of the stock was at Rs 8,075.9 per share and the 52-week low of the stock was at Rs 5,147.2 per share.

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