Another eventful week for Indian equity markets. Here is everything that mattered — results, order wins, moves, and what to keep on your radar for next week.
Markets This Week
- Nifty 50 ended the week at ~24,466 — up ~0.97% for the week
- BSE Sensex: ~80,501 — up ~0.46% for the week
- Bank Nifty: ~54,878 — range-bound, underperforming
- Recovery from April lows: Nifty +6.8% in under 3 weeks
Biggest Stories of the Week
1. Polycab India — Best-Ever Year: Q4 profit up 7% to Rs 786 crore, FY26 revenue crossing Rs 28,884 crore for the first time. Rs 47 dividend declared. Stock hit 52-week high of Rs 8,940.
2. BEL — Rs 1,251 Crore GBMES Order: Bharat Electronics secured a major defence contract to supply the Ground Based Mobile ELINT System to the Indian Army — another win for the Make in India defence manufacturing story.
3. GRSE — Record Results, Antique Raises Target: Garden Reach Shipbuilders reported its best-ever quarter. Q4 profit up 24%, revenue up 29%, EBITDA up 61%. Target price raised to Rs 3,141 by Antique. NGC contract worth Rs 33,000 crore expected Q1 FY27.
4. Adani Power — 64% Profit Jump: Q4 net profit surged to Rs 4,271 crore — full details in our dedicated article. Nuclear power entry confirmed through Adani Atomic Energy Limited.
5. Vedanta Demerger Record Date: Went ex-demerger on April 30 — five new entities to be separately listed.
Sector Roundup
- Defence: Strongest performing sector. BEL, GRSE, BHEL all in focus.
- Metals: HINDALCO leads Nifty 50 YTD. Aluminium cycle supportive.
- IT: Weakest sector. TCS worst Nifty 50 performer over 1 year (-29.6%).
- Banking: Mixed. Kotak disappoints. PSU banks relatively stable.
- Power: Adani Power strong. Broader sector benefiting from demand growth.
Next Week — What to Watch
- HDFC Bank Q4 results — key for Bank Nifty direction
- SBI Q4 results — watch NIM and asset quality
- Wipro Q4 results — IT sector sentiment
- RBI policy commentary (June cut expectations building)
- India-Pakistan border situation — geopolitical risk factor
- US CPI data — global risk sentiment trigger
Our View for Next Week
The broader trend has turned positive after the April sell-off. Nifty holds above its 200-day MA — a constructive sign. However, global risks remain elevated. A sustained close above 24,600 would be bullish; a drop below 24,000 would be concerning. Stay focused on stock-specific opportunities in the defence and metals space rather than chasing the index.
For informational purposes only. Not investment advice. Read our Disclaimer.
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