The Indian stock market is seen opening flat on Monday, tracking mixed cues from global peers amid persistent concerns over the U.S.-China trade tensions. The muted trends in GIFT Nifty futures also indicated a subdued opening for benchmark indices BSE Sensex and NSE Nifty. At 8:15 AM, the GIFT Nifty index was up by 27.50 points, or 0.12%, at 23,832, indicating a tad-higher opening for the equity benchmarks.

The D-Street will see stock specific reaction as IT major Infosys, Jio Financial, Tata Elxsi, and private lenders ICICI Bank, HDFC Bank, and YES Bank released their Q4 results over weekend.

Last week, the Indian share market staged strong recovery, with the Sensex and Nifty50 rallying over 4.5% in three sessions despite global trade uncertainty. All major sectors participated in the uptrend, with realty, banking, and financials emerging as the top gainers. The broader indices also performed in line with the benchmark performance and rose over 4% each, highlighting broad-based rally across indices. In three trading sessions last week, foreign institutional investors (FIIs) staged a strong comeback by infusing ₹14,670 crore into Indian equities. The renewed buying interest indicates a shift in sentiment amid easing global trade concerns, with exemptions granted to products such as smartphones and computers.

Global markets trade mixed

Equity markets in Asia-Pacific region traded mixed on Monday after People's Bank of China (PBOC) kept its one-year and five-year prime lending rates unchanged, continuing its trend from October last year amid ongoing U.S.-China trade tensions. The decline in U.S. futures also dented sentiments, with the Dow Jones, S&P 500, and Nasdaq down by 300 points, 35 points, and 110 points, respectively.

In the Asia region, China’s Shanghai Composite surged by 0.4% after its central bank maintained the status quo on interest rates. Indonesia’s Jakarta Composite traded higher by 0.1%, while Australia’s ASX 200 index closed 0.78% higher. South Korea’s Kospi rose marginally by 0.1%, paring opening losses, while Singapore’s Straits Times rallied 1.3%.

On the other hand, Japanese and Taiwan markets were down, with the Nikkei 225 Index and Taiwan Weighted index falling by 1.25% and 0.7%, respectively.

Stocks to watch

Q4 results: Tata Investment Corporation, Mahindra Logistics, Alok Industries, Anant Raj, Aditya Birla Money, Himadri Speciality Chemical, International Gemmological Institute India, Indag Rubber, Lotus Chocolate Company, and Pitti Engineering will release their Q4 results today.

Infosys: The country’s second largest software exporter released its Q4 results post market hours on Thursday, reporting disappointing revenue performance, and missed implied growth guidance. The consolidated net profit dropped 11.75% YoY to ₹7,033 crore, while operating revenue increased 8% YoY to ₹40,925 crore.  

HDFC Bank: India's largest private lender posted a 6.7% YoY growth in its net profit at ₹17,616 crore in the January–March quarter of the financial year 2024-25 (Q4FY25), primarily attributable to robust growth in net interest income.

ICICI Bank: The country’s second-largest private bank in terms of m-cap, recorded an 18% YoY rise in its Jan-March quarter profit at ₹12,630 crore.

YES Bank: The lender’s fourth quarter net profit jumped 63.3% YoY to ₹738 crore, its full year profit zoomed 92.3% to ₹2,406 crore.

Jio Financial Services: The Mukesh Ambani-backed company has posted 1.76% growth in consolidated net profit at ₹316.1 crore in Q4 FY25, while revenue jumps 17.97% to ₹493.24 crore.

IndusInd Bank: The bank has appointed Santosh Kumar as Deputy CFO of the bank, effective April 18, and relieved Arun Khurana from the additional responsibility of CFO.

HDFC Life Insurance Company: The insurer posted total annual premium equivalent (APE) at ₹5,186 crore, up 10% from ₹4,727 crore in the same period last year. The value of new business increases 11.5% YoY to ₹1,376 crore.

Tata Elxsi: The Tata Group company saw its profit declining by 13.4% YoY to ₹172.4 crore, while revenue dropped 3.3% to ₹908.3 crore as compared to previous year.

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