PRE-MARKET INDIAN STOCKS NEWS: Earnings and geopolitics in focus

Axis Bank (AXSB IS) - Co. Q4 (INR) profit fell 0.2% Y/Y to 71.2bln. (Moneycontrol)

L&T Technology Services (LTTS IS) - Co. Q4 (INR) profit fell 3.5% Q/Q to 3.1bln. (Moneycontrol)

SBI Life Insurance (SBILIFE IS) - Co. Q4 (INR) profit rose 0.3% Y/Y to 8.1bln. (Moneycontrol)

Tech Mahindra (TECHM IS) - Co. Q4 (INR) profit rose 18.7% Q/Q to 11.7bln. (Moneycontrol)

Geopolitical

India reportedly cancelled the ceasefire with Pakistan with immediate effect and asked all Pakistanis to leave its territory by April 29th, according to Sky News Arabia.

Pakistan said all trade with India including to and from any third country via Pakistan is suspended and Pakistan's airspace will be closed with immediate effect for all Indian owned or Indian operated airlines. Pakistan said any attempt to violate its rights in the lower river will be considered an act of war.

Pakistan Defence Minister said they have information that India is planning acts of terrorism in different cities and if India conducts acts of terrorism in Pakistani cities, it will be a tit for tat and Pakistan will make it that way.

25 Apr 2025 - 04:43- EquitiesGeopolitical- Source: Newswires