🔑 Key Highlights (May 29, 2025)
🌐 Global Boost:
A U.S. federal court blocks Trump’s "Liberation Day" tariffs—sparking risk-on sentiment across global markets.
→ Wall Street futures and Asian markets rise
→ Gift Nifty signals gap-up open for Indian equities
💸 Fed Watch:
FOMC minutes reveal inflation concerns from tariff overhang
→ Market cautious on immediate rate cuts
→ Volatility expected due to monthly F&O expiry
📈 Commodity Action:
Gold rises to ₹95,278/10g (+0.14%) amid:
→ Safe-haven buying
→ Fed policy uncertainty
→ Surge in Swiss gold imports from US (highest since 2012)
💰 Bond Market Pulse:
US Treasury yields and dollar climb post-court verdict
→ Fed minutes warn of inflation persistence
→ IGB yields lower on rate cut optimism
📊 Top Q4 Earnings Highlights
🏥 Dr Agarwal Healthcare (In-line; PAT Miss)
Revenue +32% YoY | EBITDA +24%
PAT -7% due to high interest/minority stake
FY25: 59 new facilities added, surgeries up 28%
IPO proceeds to ease debt pressure
⚙️ Cummins India (Weak)
Revenue +6%, EBITDA -5%, PAT -77% YoY
Domestic growth sluggish (+1%), exports strong (+39%)
Despite weak quarter, FY25 earnings up 15%
Final dividend: ₹33.5/share (total ₹51.5 for FY25)
⛏️ Sandur Manganese (Strong)
Q4 EBITDA = FY24 full-year EBITDA
FY25: Revenue +150%, EBITDA +145%, PAT +99% YoY
OCF up 5.5x YoY, dividend ₹1.25/share
Iron ore capacity expansion approved
Potential big re-rating ahead as stock trades flat YoY
🧾 Other Noteworthy Updates
IRCTC, Deepak Nitrite, SAIL: Q4 net income beats estimates
Bata, Birlasoft, Natco Pharma: Q4 results miss expectations
Infosys: Launches Agentic AI Foundry
LTIMindtree & Aramco Digital: Launch joint IT services firm in Saudi Arabia
Adani Energy: To consider fundraising on May 31
RITES Ltd.: Partners with Shree Cement for rail infra.
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