Quess Corp reported a robust 54% profit jump in Q4 FY25, driven by its Professional Staffing segment and GCC growth, after completing its demerger. The company s revenue increased by 9% to ₹14,967 crore, with EBITDA rising by 13%.

MobiKwik shares fell 6.3% after the company reported a sharp Q4FY25 net loss of Rs 56.03 crore, up from just Rs 67 lakh a year ago. Revenue rose 2.6% to Rs 278 crore, and payments GMV grew 2.3x YoY. Despite doubling payments revenue, the company posted an EBITDA loss of Rs 45.8 crore due to lower contribution margins.

Tuesday’s decline followed a broad sell-off in defence stocks on Monday, during which Cochin Shipyard, Mazagon Dock, GRSE, and Hindustan Aeronautics Ltd (HAL) fell by up to 4%.

Market expert Neeraj Dewan is optimistic about the Indian market. He highlights the strong performance of the defence sector, supported by robust order books and positive results from Bharat Electronics Limited. Dewan suggests investors to be stock-specific. He sees potential in the metal space due to China s lending rate cut.

JPMorgan Chase will allow clients access to Bitcoin ETFs, marking a major shift despite CEO Jamie Dimon’s long-standing criticism of the cryptocurrency. While Dimon remains sceptical, likening Bitcoin to illicit activity, he supports clients’ right to invest. The move signals broader crypto acceptance in traditional finance amid regulatory easing under the Trump administration.

Gold futures opened lower at MCX, mirroring international trends, while silver also saw a dip. This decline marks a significant fall from gold s peak, though recent volatility has kept prices largely flat. International markets initially rallied on Moody s US credit rating downgrade but retreated amid ceasefire hopes.

Railway stocks fell sharply on Tuesday amid broad market weakness and profit booking, following a sharp rally in recent sessions. Shares of RITES, Titagarh Rail Systems, and Jupiter Wagons led the decline. The fall comes after strong gains driven by optimism over resumed railway orders and sector-specific ETFs delivering over 16% returns last week.

The Indian rupee remained steady, influenced by various factors. The Chinese yuan s slight decline and dollar sales from foreign banks played a role. Dollar-rupee forward premiums decreased due to rising U.S. bond yields. Expectations of policy easing by the Reserve Bank of India also impacted premiums. Traders anticipate further dips in implied yield.

Market expert Neeraj Dewan suggests long-term investment in the fertilizer sector during periods of low interest and price corrections. He notes a potential turnaround in the QSR segment due to easing inflation and increased demand. While maintaining a positive outlook on OMCs due to strong momentum, Dewan advises caution regarding Eternal due to high competition in quick commerce.

Borana Weaves IPO: Retail investors drove the momentum, with their portion subscribed 7.12 times, while the Non-Institutional Investor (NII) category saw a subscription of 1.82 times. The issue, which opened on May 20, is set to close on May 22, with the listing expected on May 27.