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Market expert Nischal Maheshwari suggests the market might pause briefly. It will then focus on earnings. Defence stocks are gaining traction due to order wins and positive sentiment. Maheshwari advises caution on defence stocks for long-term investments. He believes the market isn't currently pricing in a major geopolitical escalation. Historically, markets have shown resilience after initial reactions to geopolitical events.
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South Korean tech giant Samsung Electronics reported a better-than-expected 21.7 percent rise in first-quarter net profit on Wednesday as consumers rushed to buy smartphones under the looming threat of US tariffs. The world's largest memory chipmaker reported net profit of 8.22 trillion won ($5.75 billion) for the January-March quarter, up 21.7 percent on-year.
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Apart from the above Federal Bank, Forbes & Company, Go Fashion (India), Godrej Agrovet, Greaves Cotton, Orient Green Power Company among others will also declare their results.
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