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Sensex Today Trades Lower | Nifty Below 24,200 | Adani Ports & Axis Bank Top Losers
Fri, 25 Apr 10:30 am

Sensex Today Trades Lower | Nifty Below 24,200 | Adani Ports & Axis Bank Top LosersImage source: CreativaImages/www.istockphoto.com

Asian markets were mixed on Friday as investors lost some optimism from Wall Street's rally, becoming cautious due to uncertainty around US economic policies.

US markets ended green on Thursday due to big tech stocks gaining strongly, as investors looked for signs of progress in global trade.

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

Stock/IndexLTPChange($)Change (%)Day HighDay Low52-Week High52-Week Low
Alphabet161.473.752.38%161.71158.09208.7142.66
Apple208.373.771.84%208.83202.94260.09168.15
Meta533.1512.882.48%533.9517.5740.89414.5
Tesla259.518.773.50%259.54249.2488.54157.4
Netflix1096.8747.284.50%11011047.021101544.25
Amazon186.545.943.29%186.74180.18242.52151.61
Microsoft387.312.913.45%388.45375.19468.35344.79
Dow Jones40093.4486.831.23%40157.939371.945073.636611.8
Nasdaq19214.4521.142.79%19224.818744.522222.616542.2
Source: Equitymaster

At present, the BSE Sensex is trading 402 points lower and NSE Nifty is trading 132 points lower.

Reliance, TCS, Infosys among the top gainers today.

Axis bank, Adani Ports, Nestle on other hand are among the top losers today.

The BSE Midcap index is trading 1.6% lower and the BSE Smallcap index are trading 2.4% lower.

Sectoral indices are trading in negative with stocks in telecommunication sector, and service sector witnessing selling pressure.

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

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

Speaking of the stock markets, Rahul Shah, Co-head of Research at Equitymaster, sounds a cautionary note for investors who

may be feeling too confident in their portfolios.

He warns that the next Gensol Engineering-like shock could be just around the corner - and it might not be on your radar.

"Don't ignore the overlooked red flags," Shah advises. "Spotting them early could save you from catastrophic losses."

Axis Bank Q4 Beats Estimates

Axis bank reported its net profit Rs 71.18 billion (bn), slightly lower than last years net profit Rs 71.30 bn. However, it beat estimates due to strong lending income.

Axis Bank's total income increases by 6% to Rs 380.2 bn in Q4FY25, up from Rs 359.9 bn in Q4FY24.

Axis Bank Q4FY25 performances saw a 12% year-over-year growth in fee income, with retail fee income rising 22%. Additionally, deposits grew 10% year-over-year while term deposits jumped 14% on a year-over-year basis.

Axis bank declared a dividend of Rs 1 per share for the year ended 31 March 2025.

Axis Bank's standalone interest income grew 6.9% year-over-year basis to Rs 312.4 bn in Q4FY25, driven by a 5.3% increase in interest on advances to Rs 245.8 bn and a 14.1% jump in investment income to Rs 60.9 bn.

Axis Bank consolidated interest income rose 7.4% to Rs 324.5 bn, with advances income reaching Rs 257.1 bn. The bank's standalone total income grew 5.7% to Rs 380.2 bn, driven by a 0.2% increase in other income to Rs 67.8 bn.

Axis Bank Price Chart- 1 Year

Strong Q4 Results of Tech Mahindra

Tech Mahindra, Indian software services exporter reported Q4 revenue feel short of expectation due to ongoing challenges in its communication and high tech segments which continued to experience weakness.

The company's consolidated revenue grew 4% to Rs 133.8 bn, slightly below expectation of Rs 134.5 bn.

Tech Mahindra CEO faces challenges dur to its reliance on the communication sector, which is sensitive to economic conditions hindering its growth.

The company gets over a third of its revenue from the communication sector, which saw a 22% YoY decline in Q4 due to industry headwinds.

Indian IT companies, heavily reliant on US clients, are facing uncertainty due to Trump's unpredictable tariff policies. This has led to delay in technology spending decision, potentially impacting the fiscal year.

The company's Q4 jumped 76.5% Rs 11.6 bn due to lower cost and tax gains. However, revenue declined in its top three segments, including manufacturing and hi-tech, but grew in others.

The company's revenue declined 4.7% in America while growing 5.1% in Europe and 4.8% in the rest of the world.

Adani Energy's Net Profit Soars High

The electric transmission arm of Adani group, Adani energy green solutions profit surged 87% to Rs 7.14 bn in Q4, a significant growth driven by its strong performances in transmission projects and other business segments.

The company's total income surged 35.9% to Rs 65.9 bn in Q4, up from previous year of Rs 48.5 bn.

The expenses increased to Rs 54.1 bn in Q4, up from 43.6 bn previous year.

The company's CEO said that company delivered strong performances in FY25 due to its ability to execute complex projects. The company is focused on projects commissioning, meter installation and achieving operational efficiencies in the next fiscal year.

Adani Electricity Mumbai saw a 6% rise in energy consumption to 10,558 million units, with low distribution losses of 4.7%. Meanwhile energy consumption at Mundra Utility jumped 44% to 948 million units.

Adani Energy Solution's order boo reached Rs 599.4 bn with 15 projects adding 695 km of transmission which now totals 26,696 km.

Adani Energy solutions is a leading energy company in India, operating in power transmission distribution, smart metering, and cooling solutions. It is India's largest private transmission company, spanning 16 states with a vast network of 26,696 circuit km.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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