India’s stock markets took a breather on Thursday, breaking a seven-day winning streak. The Nifty 50 dipped 82.25 points (0.34%) to close at 24,246.70, while the Sensex dropped 315.06 points (0.39%), ending the session at 79,801.43.

📊 Market Sentiment: FPI vs DII

• Foreign Portfolio Investors (FPIs) stayed bullish, making net purchases of ₹8,250.5 crore—their highest buying spree since March 27.

• On the flip side, Domestic Institutional Investors (DIIs) booked profits, selling equities worth ₹534.5 crore for the third straight session.

🔍 Earnings to Watch

Some heavyweight earnings are due, including:

• Nifty Giants: Reliance Industries, Maruti Suzuki, Shriram Finance

• Other Key Players: Hindustan Zinc, Tejas Networks, RBL Bank, Tata Technologies, Oracle Financial Services, and more.

📈 Key Earnings Reactions

✔️ Axis Bank (Q4FY25)

• Net Profit flat at ₹7,117.5 crore (est. ₹6,601 crore)

• Net Interest Income up 6%

• Asset quality improved, with Gross NPAs down to 1.28%

✔️ Tech Mahindra

• Revenue up 0.7% QoQ

• Net Profit up 18.7%, driven by higher other income

✔️ SBI Life

• Net Premium Income down 5%

• But VoNB margin surged to 30.46%, up 351 bps YoY

✔️ Mphasis

• Revenue up 4.2% | Net Profit up 4.2%

• Declared ₹57/share dividend

🔧 Corporate & Market Highlights

• Power Grid’s 85MW Solar Plant goes live in MP.

• PB Fintech to invest ₹539 crore in PB Healthcare.

• RBL Bank re-appoints Chief Risk Officer.

• Berger Paints enters a 20% price band.

• Muthoot Finance, Sanofi India go ex-dividend.

• Ami Organics executes a 1:2 stock split.

💹 F&O & Derivatives Outlook

• Nifty May Futures: Down 0.3%, trading at 24,375

• Open Interest up 26%, indicating active participation

• Put-Call Ratio: At 0.72, signaling potential resistance

• Key Levels:

  • Resistance near 24,350

  • Max Call OI at 25,500, Max Put OI at 24,000

💸 Currency & Bond Update

• INR closed stronger at ₹85.27/USD

• 10-year G-sec yield remained flat at 6.32%

📌 Tips for Day Traders

1. Watch for Reversal Signals: After 7 days of gains, a correction is natural. Use intraday moving averages to find entry points.

2. Focus on Earnings Plays: Volatility around earnings can offer sharp short-term moves—ideal for scalping.

3. Monitor FPI Activity: High foreign inflows usually support sentiment—trade with the trend, but watch DII booking signals.

🧠 Tips for Long-Term Investors

1. Use Dips as Opportunities: Corrections like these often provide better entry points into strong fundamentals.

2. Track Institutional Flows: Sustained FPI buying signals confidence—look for sectors they’re accumulating.

3. Focus on Earnings Quality: Companies like Tech Mahindra, Axis Bank, and Mphasis with improving margins and profits are investor-friendly.

4. Dividend Announcements Matter: Stocks like Mphasis declaring high dividends may appeal to income-focused investors.