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A UN Development Programmer report finds that nearly 70% of people in developing countries believe AI will significantly boost productivity, especially in agriculture, healthcare, and education. Enthusiasm is strongest in nations with lower human development scores, where AI is viewed as a leapfrog tool for progress.

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Today’s Market Menu

• Focal Point: What’s Behind India’s IT Revenue Drop?

• Markets

• Everything else you need to know today

• Special: India’s IPO Momentum Falters Amid Global Volatility

• Psychology: 7 Self-Control Rituals Quietly Wealthy People Live By

• Supercharge your Investing Skills with this Video

• Stock Screener to up your game

FOCAL POINT

What’s Behind India’s IT Revenue Drop?

India’s top IT giants, TCS, Infosys, Wipro, and HCL Tech, have posted their first sequential revenue decline since the early COVID-19 shockwaves of 2020, signaling a potential shift in global tech momentum. The reasons? Clients in sectors like manufacturing and retail are tightening budgets, hitting pause on digital initiatives, and extending decision cycles. In essence, cautious spending has replaced the post-pandemic tech exuberance.

Yet, it’s not all bleak. Financial services spending remains resilient, and most firms, except TCS, have managed to boost margins thanks to a weaker rupee and cost-optimization efforts. But even as profitability holds, growth jitters remain. With Q1 underway, stakeholders are keenly watching for signs of demand recovery, particularly from the U.S. and Europe, which drive a majority of India’s tech exports.

MARKETS

Indian stock market closed lower across major indices. The Sensex slipped by 155 points (-0.19%) to 80,641, while the Nifty 50 lost 81 points (-0.33%) to settle at 24,379. The pressure was heavier on broader indices, with the Nifty Bank down 648 points (-1.18%) and the Nifty Midcap 100 crashing 1,239 points (-2.27%). Clearly, midcaps and banks bore the brunt as selling intensified, indicating cautious sentiment and profit booking at higher levels.

_{Closing figures as on 06.05.25 (3.30pm IST)}

🔎 In Focus

Stock Performance:

Top Gainers

✅ Hero MotoCorp: Revved up to ₹3,872.60 ₹105.00 (+2.79%) Solid buying interest, 2-wheeler rally in full throttle.
✅ Bharti Airtel: Climbed to ₹1,901.00 ₹35.00 (+1.88%) Telecom tailwinds and earnings optimism keep bulls active.
✅ Tata Steel: Strengthened to ₹144.44 ₹2.36 (+1.66%) Positive cues from global metals lift sentiment.
✅ M&M: Zoomed to ₹3,068.40 ₹46.90 (+1.55%) Auto stocks cruising high on strong rural and SUV demand.

Top Losers

🔻 Adani Enterprises: Closed at ₹2,354.00 ₹101.50 (–4.13%) Sharp profit booking drags the stock down amid high volatility.
🔻 Jio Financial: Ended at ₹251.20 ₹9.40 (–3.61%) Bears in control as financials face selling pressure.
🔻 Eternal: Down to ₹232.64 ₹7.26 (–3.03%) Heavy volumes suggest weak sentiment or institutional offloading.
🔻 Trent: Slipped to ₹5,224.00 ₹146.50 (–2.73%) After a strong run-up, retail took a breather; profit-taking kicks in.

NIFTY 500: Red Dominance 🔻

Q4 RESULTS

^{Click on company name for result pdf} 

FROM THE FRONTIER

Everything else you need to know today

📉 Moody’s Cuts India’s 2025 GDP Forecast to 6.3%: Citing U.S. trade uncertainties and global headwinds, Moody’s has trimmed India’s growth outlook for 2025. It’s a subtle yet telling signal that India’s economic high-flyer status may face turbulence ahead.

📊 April Services Sector Grows, But Confidence Slips: India’s services sector showed slight momentum in April, but optimism took a hit, business confidence has plunged to a two-year low. Growth may be steady, but nerves are clearly on edge.

💼 Union Bank Probed Over ₹7.25 Cr Book Purchase: Union Bank’s internal audit has flagged a ₹7.25 cr procurement deal, triggering a deeper investigation. The unusual spend is raising questions about transparency and oversight.

🏦 Govt to Offload Minor PSU Bank Stakes by FY27: India has shelved its big-ticket PSU bank sales, for now. Instead, it plans a phased stake sale via OFS by FY27, opting for a cautious play over aggressive divestment.

SPECIAL

India’s IPO Momentum Falters Amid Global Volatility

India’s vibrant IPO market is now facing headwinds, witnessing a 58% drop in mainboard listings and an 18% decline in total fundraising this year. Major companies like Avanse Financial Services and Anthem Biosciences have delayed their public offerings, joining a growing list, including LG Electronics’ India unit, amid escalating global economic uncertainty and geopolitical tensions.

Ather Energy’s $352M IPO had a bumpy start, shares dipped 3% after a brief 2% rise, reflecting investor caution despite the company’s 44% valuation cut pre-listing. With 58 firms holding regulatory nods yet delaying launches, India’s IPO momentum is clearly slowing. As expiry deadlines approach, many may need to revisit valuations or seek extensions. Amid this pause, private equity firms are gearing up, eyeing a buyer’s market in 2025, especially across sectors like financial services, healthcare, and IT.

ONEZERO-F ACADEMY

7 Self-Control Rituals Quietly Wealthy People Live By

Wealth isn’t always loud. Many self-made millionaires build quietly, anchored by discipline and simple, high-leverage habits. Here’s a look into the inner workings of their mindset:

🧠 1. Thought Before Action: They don’t react impulsively. Whether it’s investing or making decisions, they pause, reflect, and move with intent.

⏳ 2. Delayed Gratification: They consistently choose long-term gains over quick wins, swapping instant pleasure for compounding wealth.

🧘‍♂️ 3. Mental Energy Management: They curate low-distraction days, avoiding decision fatigue by reducing digital noise and clutter.

📝 4. Grounding Through Journaling: A daily check-in with their thoughts helps them process emotions, spot patterns, and reset biases.

🚫 5. The Power of “No”: They protect their time ruthlessly. If it doesn’t serve their mission, it doesn’t get space on their calendar.

📊 6. System Over Emotion: Success rides on repeatable habits, not moods. They lean into structure, knowing it outperforms impulse.

🔄 7. Iterate Daily: Like great founders, they treat life as a product, testing, refining, and improving constantly.

🧠 Final Thought: Quiet millionaires win not just by earning, but by mastering themselves first.

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Mohit & the OneZero-F team

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