📈 Market Recap & Key Stock Highlights – 29 May 2025
Global and Indian equity markets showed a broadly negative tone on May 29, with most indices ending in the red. The Sensex and Nifty declined by 0.3%, reflecting cautious investor sentiment amid global economic concerns and profit booking at higher levels.
🔹 Global Market Snapshot
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Dow Jones: 42,099 (−0.6%)
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NASDAQ: 19,101 (−0.5%)
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FTSE 100: 8,726 (−0.6%)
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DAX: 24,038 (−0.8%)
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Nikkei: 37,722 (−4.4%)
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Hang Seng: 23,258 (−0.5%)
Japanese equities lost momentum due to rising bond yields and investor caution following central bank commentary.
🔹 Indian Market Snapshot
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Sensex: 81,312 (−0.3%)
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Nifty 50: 24,752 (−0.3%)
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BSE Smallcap: +0.5% – bucking the trend with positive gains.
While the broader indices slipped, select mid- and small-cap stocks managed to hold their ground, reflecting sector-specific strength and buying in high-conviction counters.
🔸 Stock in Focus: Bharat Dynamics Ltd (BDL)
BDL reported an impressive 108% YoY revenue growth in Q4FY25, with total sales touching INR 17.7 billion. However, margins were under pressure due to an unfavorable revenue mix and elevated export-related costs.
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Revenue: INR 33.4 bn (FY25, +41% YoY)
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EBITDA: INR 6.1 bn (+65% YoY)
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Net Profit: INR 6.6 bn (+47% YoY)
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BUY rating maintained with a revised target price of INR 2,006.
Outlook: Strong order backlog (INR 227 bn) and normalization of supply chains are expected to fuel a 30% revenue growth in FY26. Margin expansion is anticipated in FY27 as R&D costs stabilize.
🔸 NMDC: Solid Volumes, But Margin Miss
NMDC reported a 7.4% YoY growth in revenue to INR 69.5 bn. However, EBITDA fell short of expectations due to increased employee costs and price cuts.
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Iron Ore Volume: 12.7 MT (+1% YoY)
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Realization: INR 5,013/ton (−2.2% YoY)
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EBITDA: INR 20.5 bn (−4.1% YoY)
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BUY rating retained with a revised TP of INR 86.
Outlook: NMDC remains attractive due to its strong balance sheet, upcoming volume ramp-up, and plans to double capacity to 100 MT by FY31.
🔹 Sector Watch
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Top Gainers: Bharat Electronics, Bajaj Finance, Bharti Airtel
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Top Losers: ITC (−3.2%), IndusInd Bank, Ultratech Cement
ITC saw a significant delivery spike of over 2,000% following a block deal where British American Tobacco offloaded a 2.5% stake worth INR 12,100 crore.
🔹 Commodities & Forex
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Gold: $3,260/oz (−0.8%)
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Crude Oil: $62/barrel (+0.7%)
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INR/USD: 85.4
📌 Conclusion
The markets are exhibiting a mixed trend, with select large-cap stocks facing pressure while midcaps are showing resilience. Investors are advised to stay cautious, focus on companies with strong fundamentals and long-term visibility—such as BDL and NMDC—and watch for cues from global monetary policy movements.