Reliance Industries was also the top contributor to the Nifty 50 upside on Monday. The index surged 280 points on Monday and nearly 40% of that gain, came via Reliance Industries.
Stocktwits – Indian stock markets trimmed opening gains in early Tuesday trading. The Nifty opened above 24,400 as positive global cues and sustained foreign fund inflows bolstered market sentiment.
At about 10:00 am IST, the benchmark Nifty traded flat at 24,383, while the Sensex held above 80,000.
Data from Stocktwits showed that sentiment around the Nifty 50 remained ’bullish.’
Nifty sentiment and message volume on April 29 as of 10:00 am IST. | source: Stocktwits
Investors are also paying attention to discussions surrounding tariff agreements. U.S. Treasury Secretary Scott Bessent on Monday said many of the United States’ top trading partners had made “very good” proposals to avert tariffs, and one of the first deals to be signed would likely be with India.
Mumbai: India’s equity indices advanced more than 1% on Monday, led by a surge in Reliance Industries, after March quarter earnings at the country’s biggest company by market value exceeded expectations.
Reliance Industries Ltd’s (RIL’s) shares jumped over five in trade on Monday, April 28 to emerge as the top gainer on the Nifty 50 index, after the Mukesh Ambani-led company beat earnings estimates for the fiscal quarter ended March. At close, shares of Reliance Industries were 5.07 percent higher, to settle at Rs 1,336.30 apiece on the NSE, marking its biggest single-day gain since June 3, 2024.
The company‘s net profit attributable to shareholders grew 2.4 percent to Rs 19,407 crore for Q4 FY25, beating Street expectations, as a result of lower depreciation, interest and tax rate. Revenue for the three months ended March 31 climbed 8.8 percent from a year ago to Rs 2.88 lakh crore, driven by company’s digital services, retail and oil-to-chemicals business.
Brokerages hiked their target prices on the Nifty 50 heavyweight following its March quarter earnings report, as a result of its robust performance across segments and higher-than-anticipated results
RIL shares jumped by 5.27 per cent to Rs 1368.50 on the back of heavy buying after the company announced better than expected financial results for the March 2025 quarter. Despite a challenging global business environment, Reliance Industries on Friday reported a 6.4 per cent rise in consolidated net profit at Rs 22,611 crore for the quarter ended March 2025 as against Rs 21,243 crore in the same period of last year. The net profit attributable to the owners of the company was at Rs 19,407 crore for the March quarter as against Rs 18,951 crore a year ago, showing a rise of 2.40 per cent. The board of directors of the company also declared a dividend of Rs 5.5 per share for the year. RIL has also become the first company to have a networth of over Rs 10 lakh crore.
