Research
Periodic Report
Just Dial Surges on Strong Q4, Infosys Spurs IT Rally; Adani Ports Falls on $2.4B Aussie Deal
Just Dial Surges on Strong Q4, Infosys Spurs IT Rally; Adani Ports Falls on $2.4B Aussie Deal
Written by - Fisdom Research
Array
April 21, 2025
2 minutes
Array
Market Snapshot
Benchmark indices Nifty and Sensex closed higher for the fifth straight session on April 21, extending their recent winning streak.
Strong Q4 earnings from major private lenders like ICICI Bank and HDFC Bank provided a solid boost to market sentiment.
Sustained foreign portfolio investor (FPI) interest supported the rally, with FIIs turning net buyers for the third consecutive session.
Softening retail and wholesale inflation figures bolstered investor confidence, reinforcing expectations of policy continuity and stability.
The combination of improving macroeconomic data and strong corporate earnings, particularly in the banking sector, helped the indices maintain upward momentum.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY PSU BANK
2.5
NIFTY PRIVATE BANK
2.1
NIFTY OIL & GAS
2.4
NIFTY AUTO
2.1
NIFTY IT
2.3
NIFTY METAL
2.1
NIFTY REALTY
2.3
NIFTY PHARMA
1.1
Top News
Just Dial shares jumped nearly 13% after the company reported a 61% YoY surge in FY25 net profit to ₹584.2 crore, driven by strong merchant acquisition strategies and deeper market penetration.
Adani Ports fell up to 4% following news of its $2.4 billion non-cash acquisition of an Australian coal export terminal, raising investor concerns despite the move to expand global presence.
IT stocks rallied after Infosys’ stable FY26 guidance and optimistic management commentary lifted sentiment, with key players like Mphasis, Tech Mahindra, and TCS posting notable gains
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
TECHM
5.1
ADANIPORTS
-1.3
TRENT
4.3
HDFCLIFE
-1.1
INDUSINDBK
4.1
ITC
-1.0
Trade Ideas Update
Our trade ideas success rate has 74% over the past month, even with increased volatility in the benchmark index. Follow Trade Ideas for timely stock insights.
