Asian stocks climbed for the first time in four sessions, taking cues from gains on Wall Street that pushed the S&P 500 close to entering a bull market.

US Stocks recovered from steep early-session losses to close slightly higher on Monday, as investors digested news that a major ratings agency had downgraded its assessment of U.S. federal government debt.

Here's a table showing how US stocks performed on Monday:

Source: Equitymaster

At present, the BSE Sensex is trading 144 points lower, and the NSE Nifty is trading 51 points lower.

Tata Steel, Coal India, and Hindalco are among the top gainers today.

HDFC Bank, Cipla, and Hero MotoCorp are among the top losers today.

The BSE Midcap index is trading 0.3% lower, and the BSE Smallcap index is trading flat.

Sectoral indices are trading mixed today, with stocks in the FMCG sector and the IT sector witnessing buying. Meanwhile, stocks in the banking sector and the power sector are witnessing selling pressure.

The rupee is trading at Rs 85.43 against the US dollar.

In commodity markets, gold prices are trading 0.4% lower at Rs 92,975 per 10 grams today.
 

Swiggy Bets on Quick Food Delivery

Swiggy is sharpening its focus on quick food delivery, shifting attention from geographical expansion to innovation in packaging and category relevance.

The company aims to unlock new use cases-such as cakes and lunch-which currently face delivery challenges. Swiggy highlights how items like tea and soup, once thought undeliverable, have now become popular thanks to packaging improvements.

This renewed commitment to quick delivery comes as rival Eternal (formerly Zomato) shuts down its offerings like Zomato Quick and Everyday, citing unsustainable profitability and a potential compromise in customer experience. Swiggy remains optimistic about long-term demand in this space.
 

Paras Defence Promoters Pare Stake

Promoters of Paras Defence & Space Technologies-Sharad Virji Shah, Anish Hemant Mehta, and Kaajal Harsh Bhansali-reduced their stake in the company via bulk deals on Monday.

Shah offloaded 9 lakh shares at Rs 1,682.87 apiece, while Mehta and Bhansali each sold 2.17 lakh shares at Rs 1,664.62. The combined 13.34 lakh shares sold represent 5.8% of promoter shareholding and 3.3% of the total equity. As of March, promoters held a 57.05% stake in the company.

Paras Defence shares have surged 63% in the last month, in line with the surge seen in most defence stocks after Operation Sindoor and Prime Minister Narendra Modi's emphasis on more "Made in India" defence equipment.

The stock made an all-time high of ?1,945 in Monday's trading session, before paring some of the gains and ending with steep losses as profit-booking set in at higher levels.

Borosil Q4 Net Profit Jumps 120%

Borosil Ltd, a key player in the glassware and scientific equipment industry, posted robust results for the fourth quarter of FY25. The company reported a net profit of Rs 110 m, marking a 120% year-on-year increase from Rs 50 m in the same quarter last year.

This growth was backed by sustained demand across segments and improved internal efficiencies.

Total revenue stood at Rs 2.7 bn, up 15.8% compared to Rs 2.3 bn in Q4 FY24. Operational performance also saw strong gains, with EBITDA rising 56.5% year-on-year to Rs 371 m from Rs 237 m.

The EBITDA margin improved significantly to 13.7% versus 10.2% last year, pointing to better cost management and enhanced operational effectiveness.

In a separate development, Borosil Renewables, a group company, announced on Friday that its board had cleared a revised expansion plan to enhance production capacity by 600 tonnes per day. The investment required for this expansion is pegged at Rs 9.5 bn.

The company currently operates a 1,000 TPD solar glass facility in Bharuch, Gujarat.

The move is seen as a strategic step to align with improved market conditions, bolstered by the government's anti-dumping duties aimed at supporting domestic manufacturers.
 

Petronet LNG Q4 Results

Petronet LNG reported an increase of 45% in standalone net profit in the fourth quarter of financial year 2024-25 (FY25) at Rs 10.7 bn. The company had reported a profit of Rs 7.4 bn in the same period last year.

Sequentially, PLNG's net profit zoomed 23.4% in Q4. The higher profits were on account of the reversal of an impairment charge of Rs 234 crore in the quarter.

The revenue from operations came in at Rs 123.2 bn in Q4, lower than Rs 13,793 crore in the same period last year.

The board of directors has recommended a final dividend of Rs 3 per share.

In Q4FY25, the company's Dahej terminal processed 189 TBTU (Trillion British Thermal Unit) of LNG as against 219 TBTU during Q4FY24 and 213 TBTU during Q3FY25.

The overall LNG volume processed by the company in Q4 was 205 TBTU, as against 234 TBTU and 228 TBTU in the corresponding and previous quarter, respectively.

He added that there was a gap of $3-$4 per mmBtu in LNG prices in the quarter, as compared to the previous quarter.

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