RR Kabel and Netweb surge; Kotak slips post Q4

Highlights

Markets closed in the green with the Nifty 50 up 0.47% and the Sensex up 0.37%. Among sectors, Nifty Auto gained the most, rising 1.85%, followed by Nifty Oil & Gas, up 1.70%. On the other hand, Nifty Private Bank was down 0.80%.

Headline Indices

Markets closed in the green with the Nifty 50 up 0.47% and the Sensex up 0.37%. Among sectors, Nifty Auto gained the most, rising 1.85%, followed by Nifty Oil & Gas, up 1.70%. On the other hand, Nifty Private Bank was down 0.80%.

Sectors at a Glance

Top Gainers

Company	Today’s Chg	LTP
Nifty AutoNIFTY AUTO	+1.85%+412.70	22699.20
Nifty Oil & GasNIFTY OIL AND GAS	+1.70%+190.90	11451.95
Nifty EnergyNIFTY ENERGY	+1.30%+444.85	34583.60

Top Losers

Company	Today’s Chg	LTP
Nifty PSU BankNIFTY PSU BANK	-0.04%-2.35	6552.10
Bank NiftyNIFTY BANK	-0.36%-195.85	54919.50
Nifty Private BankNIFTY PVT BANK	-0.80%-219.20	27177.20

*Prices shown may have delay up-to 15 minutes

What moved the market?

Top Gainers

Company	Today’s Chg	LTP
R R Kabel Ltd.RRKABEL	+14.85%+152.00	1175.80
Netweb Technologies India Ltd.NETWEB	+12.85%+182.70	1604.40
Swiggy Ltd.SWIGGY	+12.66%+38.65	343.95
Adani Total Gas Ltd.ATGL	+10.97%+65.80	665.55
Motilal Oswal Financial Services Ltd.MOTILALOFS	+9.42%+59.95	696.30

Top Losers

Company	Today’s Chg	LTP
Kotak Mahindra Bank Ltd.KOTAKBANK	-4.59%-100.30	2084.90
Jindal Saw Ltd.JINDALSAW	-4.10%-10.06	235.37
KFIN Technologies Ltd.KFINTECH	-3.86%-43.70	1087.80
Concord Biotech Ltd.CONCORDBIO	-3.54%-52.70	1437.90
Timken India Ltd.TIMKEN	-3.05%-83.10	2645.30

*Prices shown may have delay up-to 15 minutes

INDIA VIX18.34 +0.44%

NIFTY MIDCAP 150₹20,049.15 +1.58%

NIFTY SMLCAP 250₹15,528.30 +1.13%

Put Call Ratio of Nifty 50 (expiry: 08th May) is 0.82

Stocks In the News

RRKABEL₹1,175.80 +14.85%

R R Kabel shares rose after the company posted its highest-ever revenue in Q4 and FY25. Q4 revenue rose 26.4% YoY, driven by strong demand in wires & cables and FMEG segments. PAT for the quarter grew 64%.

NETWEB₹1,604.40 +12.85%

Netweb shares gained after the company reported record income and profit for Q4 and FY25. Q4 revenue rose 56% YoY, with AI systems contributing 14.8% of FY25 revenue. PAT rose 45% YoY, and the company announced a ₹2.5 per share final dividend.

SWIGGY₹343.95 +12.66%

Swiggy announced its 10-minute food delivery service, Bolt, is now live in over 500 cities. Bolt now accounts for over 10% of Swiggy’s food orders and is helping drive user retention and repeat demand.

HINDPETRO₹409.85 +6.44%

KOTAKBANK₹2,084.90 -4.59%

Kotak Bank shares fell after the lender reported a 14% YoY drop in standalone profit and 8% decline in consolidated profit for Q4FY25. 

India & The World

• India expects FY26 GDP growth between 6.3% and 6.8%, with the finance ministry confident of meeting the lower bound even amid global risks. Strong tax collections, steady imports, and a pickup in exports signal healthy demand and resilient fundamentals. The government remains cautiously optimistic but is monitoring global trade and supply chain trends closely.
• India is looking to boost fertiliser imports from the US to reduce reliance on China and address the widening trade gap, government sources said. Fertiliser imports from the US fell 27% in FY25, even as India’s overall imports declined 7%. The move aligns with ongoing trade talks aiming to finalise the first phase of a bilateral trade agreement by September–October 2025.
• India-UK free trade talks face fresh delays due to unresolved issues around the Bilateral Investment Treaty, data localisation, and the UK’s carbon tax. Both sides were close to concluding the FTA last week, but differences on 4–5 key points stalled progress. Talks will resume after elections, with India seeking better access for services and the UK pushing for duty cuts on goods like whisky and EVs.
• The Centre may lift the export ban on maida, suji, and atta as wheat production is expected to hit a record 115.3 million tonnes this year. A proposal will be reviewed by an inter-ministerial panel, which will weigh domestic supply against rising global demand for processed wheat products. Wheat procurement has already crossed 25.6 million tonnes this season, up 25% from last year.

Back to Basics

What are Open Market Operations (OMOs)?

Open Market Operations are when the Reserve Bank of India (RBI) buys or sells government securities in the open market to manage liquidity in the banking system.

When RBI buys bonds:

• It injects liquidity (more money in the system)
• Aims to lower interest rates and support growth
  

When RBI sells bonds:

• It absorbs excess liquidity
• Helps control inflation
  

OMOs are a key tool of RBI’s monetary policy, used to ensure smooth credit flow, manage inflation, and guide interest rates effectively.

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