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போட்டான் பாரு ஒரு Agreement!!!

Money Pechu – May 29, 2025

Nvidia Soars, IndusInd Stumbles, ITC Slides — Market’s Mood Swings in Full Display

Markets closed with a cautious uptick today, but the underlying tone was anything but calm. The Nifty 50 edged up to 24,834, while the Sensex added 321 points, buoyed by select sectors even as volatility lingered .

Nvidia stole the global spotlight, reporting a staggering $44.06 billion in Q1 revenue, surpassing expectations despite a projected $8 billion hit from U.S. export restrictions to China. The surge was driven by robust demand for AI chips, particularly in data centers, propelling the stock upward .

Back home, IndusInd Bank faced turbulence as SEBI barred former top executives, including ex-CEO Sumant Kathpalia, from securities trading over alleged insider trading linked to undisclosed accounting discrepancies. The bank had previously revealed a $230 million impact from incorrect accounting of internal derivative trades .

In the FMCG space, ITC shares dipped 3.1% following British American Tobacco's sale of a 2.5% stake via a block deal at a discount. Despite the sell-off, BAT remains ITC’s largest shareholder with approximately 22.9% ownership .

Tata Motors saw a modest rise, as the delay in U.S. tariffs on EU imports allowed Jaguar Land Rover to resume U.S. shipments, providing a temporary relief to the automaker .

On the regulatory front, former SEBI chief Madhabi Puri Buch received a clean chit from the Lokpal, which dismissed all complaints against her as "unsubstantiated and bordering on frivolity," bringing closure to the allegations linked to the Hindenburg report .

Larsen & Toubro (L&T) continued its winning streak, securing a $1.5 billion EPC contract from Saudi Aramco, reinforcing its strong presence in West Asia's infrastructure boom .

In the pharma sector, Natco Pharma scheduled an earnings call for May 29 to discuss its audited financial results for the quarter and year ended March 31, 2025. The company's performance will be closely watched amid U.S. efforts to lower drug prices .

#MoneyPechu #NvidiaEarnings #IndusIndBank #ITC #TataMotors #MadhabiPuriBuch #LarsenToubro #NatcoPharma #Sensex #Nifty50 #StockMarketIndia #AIChips #FMCG #Pharma #Infrastructure #SEBI #SaudiAramco #JaguarLandRover #BAT #MarketUpdate

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