Market News
4 min read | Updated on April 25, 2025, 13:24 IST
SUMMARY
Stock market today: Banking stocks took a heavy beating on Friday, April 25, led by a sell-off in Axis Bank, SBI, Kotak Mahindra Bank, and HDFC Bank. Axis Bank shares were trading nearly 4.5% lower at ₹1,154.05 apiece on the BSE.
Stock list
At 01:08 PM, the S&P BSE SENSEX was trading at 79,241.64, down 559.79 points, or 0.70%. | Image: Shutterstock
At 01:08 PM, the S&P BSE SENSEX was trading at 79,241.64, down 559.79 points, or 0.70%, while the NSE's NIFTY50 index was trading at 24,039.35, down 207.35 points, or 0.86%.
Axis Bank shares were trading nearly 4.5% lower at ₹1,154.05 apiece on the BSE.
The private sector lender on Thursday reported a marginal decline in net profit to ₹7,117.5 crore in the March quarter.
The bank had reported a net profit of ₹7,129.67 crore in the March quarter of the preceding fiscal year.
Total income rose to ₹38,022 crore in the March quarter of the 2024-25 fiscal year from ₹35,990 crore in the year-ago period.
The BSE BANKEX index was trading at 61,988.80, down 1,017.96 points, or 1.62%.
L&T Technology Services on Thursday posted a 9% fall in its net profit to ₹311 crore for the January-March quarter of the financial year 2024-25 (Q4 FY25) as against the ₹341 crore posted in the same period last year.
The net profit fell 3.5% from ₹322.4 crore in Q3 FY25.
Revenue from operations of the company jumped 17.5% year-on-year (YoY) to ₹2,982.4 crore in the reporting quarter. On a quarter-on-quarter (QoQ) basis, revenue increased by 12.4% as compared to ₹2,653 crore in the December quarter.
The company on Thursday reported a marginal increase in profit after tax (PAT) to ₹813.5 crore for the three months ending March 2025.
The insurer had posted a PAT of ₹811 crore in the same quarter of the preceding fiscal year.
Last seen, the stock was trading around 5% higher at ₹1,687.00 on the NSE.
The NIFTY INDIA DEFENCE index was trading 2.71% lower at 6,644.85 levels. All 18 constituents were trading in the red.
Hindustan Aeronautics (HAL) was down 1.7% at ₹4,227.60, while Cochin Shipyard Ltd was trading over 3% lower at ₹1,430.20.
Last seen, the stock was trading at ₹1,172.70, down 5.64% on the NSE.
Infosys shares were trading over 1% higher at ₹1,486.50 apiece on the NSE, while TCS was up at ₹3,435.40, up 1%.
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