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Indian markets showed strong gains following eased geopolitical tensions. Nifty recorded significant single-day growth. Volatility decreased substantially. The uptrend is expected to continue with support at 24000. Sector rotation is anticipated, potentially shifting leadership to FMCG, Auto, and Pharma. Vigilance is advised to protect existing investments. Resistance is expected at 25175 and 25350. Support lies at 24800 and 24630.
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News and Media
Divi's Laboratories announced a robust financial performance for the March quarter of FY25, with a 25.6% YoY surge in standalone net profit, reaching Rs 667 crore. Revenue from operations also climbed by 12.26% to Rs 2,536 crore. The company's board declared a dividend of Rs 30 per share and its Unit III greenfield project has commenced commercial operations.
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News and Media
In March, China reduced its US Treasury holdings, allowing the UK to become the second-largest overseas owner. Total foreign holdings increased to a record $9.05 trillion, despite Trump's trade war rhetoric. While Japan increased its holdings, China's move was seen as a strategy to shorten portfolio maturity rather than abandoning the dollar.
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News and Media
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