Overview

• Sensex dropped 1.13% and Nifty fell 1.29% on April 25 due to profit booking and escalating India–Pakistan tensions after the Pahalgam attack.
• Major brokerages, including Jefferies, Morgan Stanley, and Nomura, released updated ratings and price targets for key stocks across sectors.
• Corporate results showed divergence: Axis Bank posted a ₹7,100 crore Q4 profit, while SBI Cards saw a 19.4% YoY profit decline despite revenue growth.
• Patel Engineering secured ₹2,037 crore in orders for key infrastructure projects, while Maruti Suzuki announced a record ₹135 per share dividend.
• Foreign Institutional Investors sold ₹1.27 lakh crore in equities last fiscal but increased stakes in select small-cap stocks, reshaping market dynamics.