Market watch ONGC IndiGo RVNL IndusInd Bank and SBI in focus ahead of major Q4 results

Market Watch: ONGC, IndiGo, RVNL, IndusInd Bank, and SBI in Focus Ahead of Major Q4 Results

Mumbai, May 21, 2025 — Indian stock markets rebounded on Wednesday, May 21, 2025, as benchmark indices Sensex and Nifty broke a three-day losing streak, drawing renewed attention to key stocks such as Oil and Natural Gas Corporation (ONGC), InterGlobe Aviation (IndiGo), Rail Vikas Nigam Limited (RVNL), IndusInd Bank, and State Bank of India (SBI) ahead of their major Q4 results announcements.

Markets Rebound on Renewed Buying Interest

The BSE Sensex and NSE Nifty posted strong gains after three consecutive sessions of losses. On Wednesday, the upward movement was fueled by robust buying in heavyweight banking shares—including HDFC Bank and ICICI Bank—and resilience in Asian equity markets. This rally came as a relief after Tuesday’s significant correction where, on May 20, the Sensex dropped 872.98 points to close at 81,186.44 while the Nifty closed below the 24,700 mark. The prior session’s losses were led by declines in blue-chip stocks such as HDFC Bank, Reliance Industries, and ICICI Bank, along with broad-based pressure on auto and FMCG sectors.

Market Sentiment and Sectoral Highlights

The turnaround marked a positive shift in sentiment with support from key financial counters. Banking stocks played a pivotal role as investors positioned themselves ahead of crucial quarterly earnings announcements from several major companies. This renewed risk appetite was further underpinned by steady cues from Asian peers, signalling a supportive global market environment.

ONGC, IndiGo, RVNL, IndusInd Bank, and SBI Under Watch

Ahead of the highly anticipated Q4 results, several major stocks are in sharp focus:

– ONGC: The oil and gas major is set to announce its quarterly performance amidst global fluctuations in crude oil prices and domestic energy demand.
– IndiGo (InterGlobe Aviation): As India’s largest airline by market share, IndiGo’s results are closely watched for insights into recovery trends in aviation and passenger traffic.
– RVNL (Rail Vikas Nigam Limited): The public sector infrastructure firm’s earnings are anticipated to reflect ongoing developments in railway expansion and modernization projects.
– IndusInd Bank: One of the leading private sector banks, IndusInd’s results will offer investors a view into retail and corporate lending trends amid changing interest rates.
– SBI (State Bank of India): As the nation’s largest lender, SBI’s financial performance is often a bellwether for the broader banking and financial services sector.

Outlook as Q4 Earnings Season Continues

Analysts and investors alike are monitoring these companies in anticipation of their Q4 results, which are expected to provide further direction to the overall market. Performance commentary from these companies, especially regarding net interest margins, credit growth, asset quality for banks, and operating metrics for energy and infrastructure companies, will likely influence investor sentiment in the near term.

Wednesday’s rebound in Indian markets, coupled with global stability, has positioned ONGC, IndiGo, RVNL, IndusInd Bank, and SBI at the center of market attention. As they prepare to release their quarterly results, market participants remain watchful for signals that could steer the next phase of market movement.