While Buffett said it is best for trade to be balanced between countries, he doesn't think Trump is going about it the right way with his widespread tariffs.
Ahead of the meeting, Berkshire reported its first-quarter results that indicated Buffett is still cautious. The company was a net seller of stocks for a 10th straight quarter, as it bought $3.18 billion and sold $4.68 billion.
Warren Buffett's Berkshire Hathaway on Saturday reported a lower operating profit in the first quarter, hurt by weaker results from its insurance operations. Operating profit for the Omaha, Nebraska-based conglomerate dropped 14.1% to $9.64 billion from $11.22 billion a year earlier.
Indian Bank's Q4 net profit surged 31.6% to 2956 crore, driven by improved asset quality and higher net interest income. The board proposed a dividend of 16.25 per share. Gross NPA ratio fell to 3.09%, with a provision coverage ratio of 98.10%. Advances grew 10%, supported by retail, agriculture, and MSME sectors.
DMart Q4 results: On a sequential basis, the PAT has fallen by 21%, which stood at Rs 784.65 crore for the December quarter of the fiscal year, while the revenue from operations is also down by 7% in the said time period. The revenue from operations stood at Rs 15,565.23 crore for the previous quarter of FY25.
Foreign Institutional Investors (FIIs) have shifted from being net sellers to net buyers in Indian equities, purchasing 40,145 crores in the last 12 trading days. This reversal is attributed to President Trump's tariff pause and a weakening US dollar, which boosted emerging markets like India. However, modest earnings growth of around 5% in FY25 may constrain future FII inflows.
CDSL reported a 22% YoY decline in PAT to Rs 100.39 crore for Q3FY25, with revenue from operations dipping 6.7% YoY to Rs 224.45 crore. The board has recommended a final dividend of Rs 12.50 per share. While depository activity revenue saw a slight decrease, data entry and storage revenue experienced a sharp decline.
In the last five trading sessions leading up to April May 02, the Sensex rose by 0.88%, adding 701 points to close at 80,501. The index finished higher on three of those five days. During this modest market upswing, four stocks from the BSE 500 consistently posted gains throughout the 5-day period. (Data Source: ACE Equity)
Despite geopolitical tensions, Nifty demonstrated resilience with a 3.46% gain in April, supported by FII inflows and strong domestic fundamentals. Analyst Sudeep Shah anticipates near-term consolidation between 23,800-24,600. Bank Nifty outperformed, hitting record highs, while Reliance showed strength. Defense stocks like Paras Defense and BEL are poised for further gains amid ongoing tensions.
