BSE has alerted Indian market participants to heighten their cybersecurity defenses following a warning from CERT-In about ongoing cyber threats targeting the BFSI sector. The advisory urges firms to reinforce security controls, conduct risk assessments, and enhance threat monitoring to mitigate potential attacks like ransomware and DDoS. This action follows increased tensions after recent events.
Reserve Bank of India may give a record dividend to the government. This could offset tax revenue shortfalls due to slow growth. Economists predict a payout between 3 to 3.5 trillion rupees. The windfall will help bridge the gap in tax collections. Government can use this to increase spending on social welfare.
Rajeev Agrawal of DoorDarshi India Fund suggests Indian markets remained resilient due to India's calibrated response to a terrorist attack and a healthy economy. Strong PMI numbers and reasonable valuations contribute to a positive outlook. A strong rupee and anticipated government infrastructure spending are attracting foreign investors back to Indian equities, shifting the narrative from China.
Following Indian military strikes on terror targets in PoK and Pakistan's Punjab province, a top US military commander stated that the US is closely monitoring the situation. This response follows India's Operation Sindoor, a retaliation for the April 22 terror attack.
Tata Chemicals shares saw a rise following the report of a reduced net loss for the March quarter. The company's board proposed a dividend of Rs 11 per share. Revenue experienced a slight increase, but EBITDA declined. The board also approved raising funds through term loans or NCDs. Market conditions are challenging, but the long-term outlook is positive.
Coal India shares: Coal India's shares saw a rise after reporting a 12% YoY increase in net profit for Q4FY25, reaching Rs 9,593 crore, despite a slight dip in revenue. Production experienced a marginal decrease, but offtake remained steady, indicating stable demand. Brokerages have mixed opinions, with Motilal Oswal suggesting a 'Buy' and Nuvama recommending a 'Hold'.
Investors await Srigee DLM IPO allotment finalization. Subscription closed on May 7. The IPO witnessed significant oversubscription across all categories. Successful applicants will receive shares in their demat accounts by May 9. Unsuccessful applicants will receive refunds on the same day. Srigee DLM is set to debut on the BSE SME platform on May 12.
