After opening the day flat on Wednesday, benchmark indices slipped into the red as the session progressed and ended the day lower

The BSE and the NSE benchmark indices ended in negative territory, weighed down by fund outflows due to large block deals and increased primary market activity.

At the closing bell, the BSE Sensex  closed lower by 239 points (down 0.3%)

Meanwhile, the NSE Nifty closed points 73 lower (down 0.3%)

Bharti Airtel, Hero Motocorp, and Bajaj Finance are among the top gainers today

ITC, Nestle, and IndusInd Bank, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,7,45, lower by 117 points at the time of writing.

The BSE MidCap index ended 0.3% lower, and the BSE SmallCap index ended 0.5% higher.

Sectoral indices were trading mixed today, with stocks in the telecom sector and the capital goods sector witnessing buying. Meanwhile, stocks in the power sector and the FMCG sector witnessed selling pressure.

The rupee is trading at Rs 85.33 against the US$.

Gold prices for the latest contract on MCX are trading 0.6% higher at Rs 95,545 per 10 grams.

Meanwhile, silver prices were trading 0.7% higher at Rs 98,160 per 1 kg.
 

Apollo Micro Systems Hits New High

In the news from defence sector, shares of Apollo Micro Systems surged 18% to Rs 183.6 after the company received export order.

It received a Rs 1.1 billion (bn) export order for developing an Avionic System.

Apollo Micro System will develop an advanced avionic system for civil and military aircraft.

Its subsidiary Apollo Defence Industries is acquiring 100% of IDL Explosives for Rs 1 bn in a all-cash deal, as per Share Purchase Agreement signed on 5 May 2025.

IDL Explosives manufactures a range of explosives for mining and infrastructure projects, including packaged and bulk explosives, as well as cartridge explosives, catering to India's mining and infrastructure sector.

The explosives market is expected to grow due to increased government defence spending and infrastructure development, driven by global conflicts, urbanization and construction activities.

Apollo Micro System expects 45-50% annual revenue growth for the next 2 years, driven by its core business. Operating margins will improve initially but slow down later due to investments.

Apollo Micro System is a Hyderabad based company that designs and manufactures high-tech electronics solutions for defence, space and security sectors, offering custom-built products to government and private clients.
 

Bharat Dynamics Shares Drops After Q4 Results

Moving on to the news from defence sector, shares of Bhart Dynamics plummeted 5.9% after the company announced its Q4 results for FY25.

Bharat Dynamics profit fell 5.5% to Rs 2.7 bn from 2.8 bn last year.

Revenue from operations surged 108%to Rs 17.8 bn from 8.5 bn in the same period last year.

EBITDA dropped 5.5% to Rs 2.9 bn from Rs 3.2 bn previous year.

EBITDA margin also dropped to 16.8% from 37%.

The company's board of directors have recommended a dividend of Rs 0.6 per equity share of face value Rs 5 each for the financial year 2025. Approval from shareholders in the upcoming annual general meeting.

Bhart Dynamics in Hyderabad based defence company, established in 1970 under the ministry of defence, to manufacture missile systems and equipment for the Indian Armed Forces.
 

Why Infibeam Avenues Share Price is Rising?

Moving on to news from the IT sector, shares of Infibeam Avenues jumped 8% intraday today, Strong quarterly numbers was the prime reason for gains in the stock.

The company reported a significant 62% year-on-year (YoY) increase in consolidated revenue to Rs 11.60 billion (bn) for the quarter. This was driven by higher payment volumes, expanded MSME penetration, and rapid merchant onboarding.

The consolidated net profit rose 20% YoY to Rs 550 million (m) in Q4 FY25, up from Rs 466 m in the same quarter last year.

For the year ended March 2025, consolidated net profit rose 51% to Rs 2.36 bn, while consolidated revenue grew to Rs 39.92 bn from Rs 31.5 bn in the previous year.

One of the key areas for growth of the company is merchant onboarding.

Infibeam Avenues added over 1.1 lakh new merchants during the quarter, contributing to the robust growth. For the full financial year, merchant onboarding increased by 35% compared to FY24, with over 4.2 lakh new merchants onboarded.

Infibeam Avenues is an Indian multinational financial technology company.

It specialises in integrated and scalable digital platforms primarily focused on digital payment solutions and e-commerce software.

Over the last one month, the share price of Infibeam Avenues has gained 21.7% from levels of Rs 17.64 to the current levels of Rs 21.75.

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