We are all aware markets do not like uncertainty of any type, and by nature, it is forward-looking. Hence, it reacts either positively or negatively depending upon the underlying developments.
Coal India is expected to post a stable performance in the March 2025 quarter, with flat revenue and modest growth in profitability aided by improved e-auction realisations and cost discipline. The companys net profit is expected to grow by an average of 4% YoY, while revenue is likely to remain largely unchanged compared to the year-ago quarter.
Brent crude futures gained 37 cents a barrel, or 0.6%, to $62.52 a barrel by 1215 GMT, while U.S. West Texas Intermediate crude was at $59.53 a barrel, up 44 cents, or 0.74%.
U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China's top economic official in Switzerland this week, U.S. officials said, in what could be the first step toward resolving a trade war disrupting the global economy.
The stock opened at 328 apiece on NSE, logging a 2.2% premium over the issue price. On BSE, the stock opened at 326.05, up 1.6%. It ended the circumspect trading session at 302.50, down 5.8% below the IPO price of 321 apiece.
Bids offered for this OMO round were worth 1.32 lakh crore, against the notified amount of 50,000 crore. The Reserve Bank of India (RBI) has scheduled further bond purchases worth 75,000 crore for the month of May with an aim to quicken the pace of policy rate transmissions.
The BSE Sensex fell 0.2%, or 155.7 points, to close at 80,641, while the NSE Nifty-50 slipped 0.3%, or 81.55 points to end at 24,379. Adani Enterprises, Jio Financial, SBI Life, Trent, and Eternal were among the top Nifty losers.
