Amid geopolitical tensions and market volatility, Nifty faces resistance while Bank Nifty shows signs of exhaustion after hitting a high. IT stocks, particularly TCS, Coforge, and Intellect, display recovery potential. Analysts suggest caution with longs, favoring large caps and providing trading ideas for CONCOR, TCS, and Bandhan Bank.

Mahindra & Mahindra is set to acquire a 58.96% majority stake in SML Isuzu for Rs 555 crore, purchasing shares from Sumitomo Corporation. This strategic move aims to bolster M&M s presence in the >3.5T CV segment, targeting a market share increase to 10-12% by FY31 and 20%+ by FY36.

BSE is focusing on market expansion. They plan to increase brokers to 800 and data center racks to 500. The exchange also aims to attract 500 Foreign Portfolio Investors. Efforts are underway to distribute trading volumes throughout the week. BSE will promote monthly contracts, especially for the bank index. This move aims to reduce the focus on expiry-day trading.

IDFC First Bank s shares are under scrutiny following a 58% YoY drop in Q4 net profit, attributed to a decline in its microfinance loan portfolio. Despite this, NII increased by 9.8% YoY, and customer deposits saw a 25.2% rise. Nuvama maintains a Hold rating, anticipating improved RoA in coming years, though the stock s valuation is considered fair.

Reliance Industries net profit rose to Rs 19,407 crore in Q4. Revenue increased to Rs 2.64 lakh crore. Jio Platforms and Reliance Retail showed strong growth. Brokerages like Motilal Oswal and Nomura have given a Buy call. They cite positive results and future growth potential. Focus is on new energy business and tariff hikes.

Fear is the driving force in the market rather than valuations. The 90 day pause on tariffs gives countries to reach bilateral agreements with the US and hence FY26 is likely to be very volatile.

JM Financial suggests buying Havells India shares. The target price is Rs 1,900. Havells India reported strong financial results for the quarter ended March 31, 2025. Total income increased significantly. Net profit after tax also rose. The brokerage firm anticipates growth driven by Lloyd and the Wires and Cables segment. Promoters hold a substantial stake in the company.

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