POST-MARKET SUMMARY 6th May 2025

On May 6, the Indian benchmark indices struggled to maintain early gains and ended the session in the red. While the auto sector showed some strength, most other sectoral indices saw declines. The PSU Bank index took a hit, dropping nearly 5%, followed by a 3.5% fall in the Realty index. Sectors such as pharma, consumer durables, media, oil & gas, and power also faced losses ranging from 1% to 2.6%.

NIFTY: The index opened 39 points higher at 24,500 and made a high of 24,509 before closing at 24,379. Nifty has formed a bearish candle on the daily chart. Its immediate resistance level is now placed at 24,450 while its immediate support is at 24,290.

BANK NIFTY: The index opened 147 points lower at 54,918 and closed at 54,271. Bank Nifty has formed a bearish candle on the daily chart. Its immediate resistance level is now placed around 54,500 while immediate support is around 54,000.

Stocks in Spotlight

▪  Bajaj Consumer: Stock rose by 3% after the company reported a 4% increase in operating revenue, reaching Rs 250.49 crore, driven by growth across all its brands in Q4.

▪  Unicommerce eSolutions: Stock surged by over 13% intraday after the company reported strong growth in both net profit and revenue for the March quarter. The consolidated net profit stood at Rs 3.36 crore, reflecting a nearly 17% increase compared to the year-ago quarter.

▪  Bank of Baroda: Stock fell over 10% following disappointing March quarter results. Net Interest Income (NII), a key indicator of the bank's core earnings, declined by 6.6% year-on-year to Rs 11,019 crore.

Global News 

▪  Asian markets saw positive momentum on Tuesday, with stocks advancing for the fourth consecutive session, boosted by signs of easing trade tensions.

▪  European stocks edged lower on Tuesday, driven by corporate earnings and political instability in Germany, which dented investor sentiment.

▪  The yield on the US 10-year Treasury note approached 4.37%, reaching its highest level in nearly two weeks, as investors kept a close eye on trade tensions and awaited the upcoming FOMC decision scheduled for tomorrow.

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