After opening on a higher note, Indian benchmark indices continued their momentum, ended the session in green.

The BSE and the NSE benchmark indices started the week on a positive note, backed by gains in Adani and select auto, bank shares.

At the closing bell, the BSE Sensex closed higher by 295 points (up 0.4%).

Meanwhile, the NSE Nifty closed points 114 higher (up 0.5%)

Bajaj Finserv, Adani Ports, M&M among the top gainers today

Kotak Mahindra, SBI, and Titan Company, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,575, lower by 171 points at the time of writing.

The BSE MidCap index ended 1.5% higher, and the BSE SmallCap index ended 1.2% higher.

Barring the banking sector, all other sectoral indices were trading on a positive note, with stocks in the auto sector and the oil & gas sector witnessing buying.

The rupee is trading at Rs 84.2 against the US$.

Gold prices for the latest contract on MCX are trading 0.9% higher at Rs 94,150 per 10 grams.

Meanwhile, silver prices were trading 1.9% higher at Rs 94,440 per 1 kg.
 

R R Kabel Surges on Strong Q4

In the news from the electrical sector, share price of R R Kabel increased 17% to Rs 1,199.9 due to strong quarterly results earned in Q4FY25.

The company had a strong Q4FY25, driven by increased demand, favourable copper prices and strategic expansion in its wires and cable business. It aims to continue growing its cable and wire sales.

Revenue grew 26.4% year-over-year to Rs 22.1 billion (bn), driven by strong growth in both wires and cables and electrical goods segments.

Quarterly revenue saw a surge in its growth, with both its wire and cable segment generating Rs 19.5 bn and fast-moving electrical goods segment earning Rs 2.6 bn, driven by strong in market.

The company's wire and cable segment saw a 47% profit increase in Q4FY25, due to its better pricing, improved operational efficiency. Loss decreased due to operational cost savings and a marginal increase in contributions from a favourable product mix with volume growth.

R R Kabel is an Indian leading consumer electrical company with 25 years of experience, they manufacture and export a wide range of electrical products including wires, cables, fans, lighting, and appliance known for their quality, safety and reliability.
 

SBI Shares Declines 2% Post Q4

Moving on to the news from banking sector, shares of SBI dropped 2% to Rs 783.5.

The net interest margin (NIM) of SBI dropped significantly in the quarter ending March 2025 to 3.15%, compared to 3.47% in the same quarter of FY24.

SBI reported a 9.9 year-on-year (YoY) decline in net profit for the quarter ending March 2025. The bank saw net profits at Rs 186.4 billion (bn) compared to Rs 206.9 bn in the same quarter last year.

Due to expected slower growth and lower profits, FY26-27 earnings estimates have been reduced by 4-5%. As a result, the share price is also lowered to Rs 975 from Rs 1,025.

Bank reported a record of net profit of Rs 709 bn for FY24-25, a 16% from Rs 610.7 bn in the same period previous year.

Adani Group Companies Rally Higher Gains

Moving on to the news from infrastructure sector, share price of Adani group companies rise strongly up to 10% after the reports that Gautam Adani's representatives met US officials to discuss ending a bribery case.

Adani Total Gas increased 10% to Rs 658, while Adani Enterprise, Adani power, Adani Ports, Adani Green Energy, and Adani Energy Solutions gained 5-6%.

According to reports, Adani representatives met US officials for dismissal of case, arguing it does not fit current US policy priorities.

Additionally, the airport business is expected to perform well due to increasing passenger demand. With significant investments and the launch of Navi Mumbai airport in 2026, which results to healthy growth in revenue and profit.

Adani Enterprise is the flagship company of the Adani Group, focusing on building infrastructure businesses. It has successfully created several major companies like Adani Enterprise, Adani power, Adani Ports, Adani Green Energy, and Adani Energy Solutions and also plans to invest in areas such as green hydrogen, airports, data centres and more.
 

Gensol Share Crashes to New Lows

Moving on to the news from Engineering sector, share price of Gensol Engineering declined for the 17th session in a row.

This happened since SEBI acted against it due to issues related to its management practices.

The company's share price declined by 57% in 17 sessions and its market value plummeted by 98% from Rs 42 bn to Rs 0.9 bn. The share fell from Rs 1,124 to Rs 69.7 hitting new losses daily.

SEBI has banned two individuals from the capital market, which is affecting the BluSmart, a company founded by Amol Singh Jaggi, also linked to Gensol Engineering, facing issues.

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