Latest news with #GIFTNifty
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Business Standard
2 days ago
- Business
- Business Standard
Stocks to Watch today: Bajaj Auto, Ola, Suzlon Energy, Texmaco Rail, RVNL
Stocks to Watch Today, Friday, May 30, 2025: Domestic equity markets are set for a cautious opening amid weak global cues, as the benchmark Nifty50 struggles to post a strong close above the 25,000 level. GIFT Nifty hinted at a muted start for domestic stocks. The early indicator of the Nifty 50 Index's performance in India was up 3 points or 0.01 per cent at 24,945 as of 7:40 AM. Most equity markets in Asia slipped after a federal appeals court temporarily reinstated the most sweeping of US President Donald Trump's tariffs. Last checked, Japan's Nikkei was lower by 1.6 per cent while South Korea's Kospi was down 0.5 per cent. Meanwhile, Wall Street ended slightly higher on Tuesday even after the US economy shrank in the first quarter, with the GDP falling 0.2 per cent. The S&P 500 index rose by 0.40 per cent while the Dow Jones Industrial Average was up 0.28 per cent. Back home, on Thursday, the BSE Sensex settled 320.70 points or 0.39 per cent higher at 81,633.02, while the Nifty50 rose 81.15 points or 0.33 per cent to end at 24,833.6. FIIs bought shares worth ₹884.03 crore, while DIIs net bought equities worth ₹4,286.5 crore. Track LIVE Market Updates Here Meanwhile, below are some stocks to watch during today's session: Q4 earnings corner: Bajaj Auto: The two-wheeler major reported a 10.4 per cent year-on-year (Y-o-Y) decline in their consolidated net profit at ₹1,802 crore for the fourth quarter of the financial year 2024-25 (Q4FY25), whereas its revenue from operations grew by 8 per cent, reaching ₹12,204 crore. Suzlon Energy: The company's net profit surged multi-fold to ₹1,180.98 crore in Q4FY25, compared to ₹254.12 crore in the same period of the previous fiscal year. Revenue from operations rose 73 per cent Y-o-Y to ₹3,773.54 crore in Q4 FY25. Nuvama Wealth Management: The company reported a 41 per cent growth in net profit to ₹255 crore in Q4FY25. Its total income rose to ₹1,125 crore during the March quarter from ₹929 crore in the corresponding quarter of FY24. Wockhardt: The drug firm reported a consolidated net loss of ₹45 crore in Q4FY25, against a net loss of ₹177 crore in the same period last year. Its revenue from operations rose to ₹743 crore in the fourth quarter as compared to ₹700 crore in the year-ago period. Sobha: The real estate company's profit increased 481.7 per cent to ₹40.85 crore in the fourth quarter, against a profit of ₹7.02 crore for the same quarter of the previous financial year. The company's revenue from operations rose by 62 per cent to ₹1,240.61 crore in the Q4FY25. Other stocks in news: Prestige Estates Projects: The realty firm has partnered with Valor Group to develop an office complex worth ₹4,500 crore in Mumbai. The project encompasses a total leasable area of 1.5 million square feet and a Gross Development Value (GDV) of approximately ₹4,500 crore. Texmaco Rail & Engineering: The company secured a fresh order worth ₹140.55 crore from the Ministry of Railways for supplying flat multi-purpose wagons. The order is part of the government's push to modernise and improve the country's freight operations. Sunteck Realty: The real estate developer has been appointed as the developer for the redevelopment of a housing society in Mumbai's Andheri (East). The GDV of the project is estimated to be ₹1,100 crore. Wipro: The tech giant rolled out its global Wipro Innovation Network, an initiative aimed at accelerating co-innovation with clients using cutting-edge technologies. The network will bring together expertise from across the globe to help solve complex challenges across industries, leveraging technologies like artificial intelligence and quantum computing. Rail Vikas Nigam: The firm signed an MoU with Texmaco Rail to collaborate on railway infrastructure, including rolling stock manufacturing, metro coach production, EPC projects, and innovation in automation, digitalisation, and green technologies for future strategic initiatives. NLC: The company signed an agreement with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd. to form a joint venture dedicated to advancing green energy projects. UltraTech Cement: The company has completed the acquisition of 100 per cent equity in Wonder WallCare Private Limited on 29th May 2025, making it a wholly-owned subsidiary effective immediately.
News18
2 days ago
- Business
- News18
Stock Market Updates: GIFT Nifty Signals Flat Open; Asia Market Dips
Indian equity indices, Sensex and Nifty, are set for a cautious start on Friday as investors await key triggers Sensex Today: Indian equity indices, Sensex and Nifty, are set for a cautious start on Friday as investors await key triggers including Q4 GDP data, the final batch of Q4 earnings, reinstatement of Trump-era tariffs, institutional flows, and forex numbers. At around 6:40 AM, GIFT Nifty futures were trading 11 points lower at 24,932, hinting at a muted opening. Key Domestic Trigger: Q4 GDP Data Markets will keenly watch India's Q4FY25 GDP figures due later today. Analysts expect the economy to have accelerated in the January–March quarter, driven by a rebound in rural demand and government spending, despite muted private investments amid global uncertainties. Global Cues Asian markets were trading lower on Friday, weighed down by persistent worries over a slowing US economy, sticky inflation, and legal uncertainties surrounding former US President Donald Trump's reciprocal tariffs. The US Court of International Trade ruled that Trump overstepped his authority with the tariffs, ordering them to be vacated. However, an appeals court reinstated the levies on Thursday after the Trump administration appealed, with officials hinting at an approach to the US Supreme Court as early as Friday. advetisement Investors are also tracking Japan's inflation data for hints on monetary policy. Tokyo's core inflation rose 3.6% year-on-year in April — slightly above expectations — marking the highest level since January 2023. In Asian trading, Japan's Nikkei was down 1.48% while the broader Topix index fell 0.8%. South Korea's Kospi slipped 0.18% and Australia's ASX 200 inched down 0.19%. Overnight, US markets ended higher, supported by tech gains, especially in Nvidia. The S&P 500 rose 0.4%, while the Nasdaq Composite added 0.39%, retreating from earlier highs. The Dow Jones gained 0.28%. Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: May 30, 2025, 09:09 IST News business » markets Stock Market Updates: GIFT Nifty Signals Flat Open; Asia Market Dips
Business Standard
2 days ago
- Business
- Business Standard
GIFT Nifty points to a subdued opening
GIFT Nifty: GIFT Nifty June 2025 futures were trading 8 points higher in early trade, suggesting a flat-to-positive opening for the Nifty 50. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth 884.03 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,286.50 crore in the Indian equity market on 29 May 2025, provisional data showed. According to NSDL data, FPIs have bought shares worth Rs 19842.55 crore in the secondary market during May 2025 (so far). This follows their purchase of shares worth Rs 3243.03 crore in April 2024. Global Markets: Asian shares traded lower on Friday as investor sentiment remained cautious amid signs of a slowing U.S. economy, persistent inflation concerns, and uncertainty surrounding recent judicial developments linked to U.S. President Donald Trumps tariff policies. On Wednesday, the U.S. Court of International Trade ruled that Trump had exceeded his authority in imposing the so-called reciprocal tariffs and ordered them to be vacated. In response, the Trump administration filed an appeal, and by Thursday afternoon, an appellate court reinstated the levies. The administration indicated it may approach the Supreme Court as early as Friday to pause the lower courts decision. In regional economic data, Japans core consumer price index, excluding fresh food, rose 3.6% year-on-year in May, slightly higher than Aprils 3.4%, according to the Statistics Bureau. The countrys unemployment rate remained unchanged at 2.5% in April. South Korea reported a 0.9% decline in industrial production for April on a seasonally adjusted basis, following a 2.9% increase in March, according to data released by Statistics Korea. Despite the uncertainty, U.S. markets closed slightly higher overnight. The S&P 500 rose 0.4%, the Nasdaq Composite added 0.39%, and the Dow Jones Industrial Average gained 0.28%. However, gains were limited by investor caution surrounding the ongoing legal proceedings related to the tariffs. Domestic Market: Domestic equity benchmarks bounced back with modest gains Thursday, halting a two-day losing run. The mood turned upbeat after a U.S. federal court struck down President Donald Trumps proposed Liberation Day tariffs, triggering a relief rally across global markets. Back home, the session remained choppy thanks to the monthly expiry of the Nifty F&O series. Still, a cocktail of positive factors, including a stronger monsoon outlook, easing inflation expectations, and optimism around Q4 GDP growth, kept investor spirits high. The S&P BSE Sensex added 320.70 points or 0.39% to 81,633.02. The Nifty 50 index rose 81.15 points or 0.33% to 24,833.60.
New Indian Express
2 days ago
- Business
- New Indian Express
Indian markets open on a positive note amid positive global cues
CHENNAI: On Thursday, May 29, Indian stock markets opened on a positive note, buoyed by favorable global cues and a rebound in investor sentiment. Market Overview At 9:18 AM, Nifty50 was trading at 24,868.00, up 116 points or 0.47%, and BSE Sensex was at 81,753.20, up 441 points. 500 points GIFT Nifty futures indicated a strong start, trading 82.50 points higher at 24,830, suggesting a positive opening for the Nifty 50 index. Asian markets also showed strength, with major indices trading higher, reflecting a global risk-on sentiment. Sectoral Performance Financials led the gains, with banks and financial services stocks showing positive momentum. Pharmaceuticals also witnessed buying interest, continuing their recent outperformance. Real Estate stocks gained traction, supported by positive sector-specific developments. Key Stocks to Watch IndusInd Bank is in focus following recent developments. IRCTC and SAIL are also among the top stocks to watch today. Deepak Nitrite and Bajaj Auto are expected to be active based on recent news and analyst recommendations.
Business Standard
3 days ago
- Business
- Business Standard
GIFT Nifty signals strong start as global sentiment turns risk-on
GIFT Nifty: GIFT Nifty June 2025 futures were trading 82.50 points higher in early trade, suggesting a strong opening for the Nifty 50. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth 4,662.92 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 7,911.99 crore in the Indian equity market on 28 May 2025, provisional data showed. According to NSDL data, FPIs have bought shares worth Rs 15216.12 crore in the secondary market during May 2025 (so far). This follows their purchase of shares worth Rs 3243.03 crore in April 2024. Global Markets: US Dow Jones futures surged 561 points early Thursday, setting the stage for a buoyant open on Wall Street. Asian shares mostly followed suit, climbing higher after a US federal court delivered a significant blow to President Donald Trump's sweeping "reciprocal" tariffs. The court ruled that Trump had overstepped his authority by imposing tariffs on over 180 countries and territories back in April. The decision came from a three-judge panel at the US Court of International Trade. They found that the 1977 International Emergency Economic Powers Act (IEEPA), the legal crutch Trump leaned on, didn't give the president free rein to roll out such broad trade measures. The court issued a permanent halt to the tariffs named in the case and blocked any future tweaks. The Trump administration now has 10 days to make the necessary changes but has already appealed the decision to the US Court of Appeals for the Federal Circuit. Meanwhile, South Korea's central bank, the Bank of Korea, cut its benchmark interest rate from 2.75% to 2.5%, marking its lowest level since August 2022. Investors in Asia are also keeping a close watch on chipmakers after Nvidias strong earnings. The GPU giant beat expectations on both top and bottom lines, driven by a 73% year-over-year surge in its data center business. Back in the US, stock markets closed lower on Wednesday. The S&P 500 dipped 0.56%, the Nasdaq fell 0.51%, and the Dow Jones lost 0.58% as investors digested earnings and the latest Fed minutes. Speaking of which, the Feds May 6-7 meeting minutes hinted at a looming policy dilemma. Officials acknowledged that they may soon face some tough calls if inflation and unemployment start rising together. The Fed might be forced to choose between fighting inflation with higher rates or supporting growth and jobs by cutting them. Domestic Market: Domestic equity benchmarks ended slightly lower Wednesday, weighed down by rising US Treasury yields and escalating trade tensions between the United States and the European Union. Foreign Institutional Investors (FIIs) remained largely inactive, while elevated market valuations continued to limit the scope for fresh buying. The Nifty 50 closed below the 24,800 level, with the broader market displaying a range-bound trend, slightly skewed to the downside. FMCG, auto and pharma shares dragged. The S&P BSE Sensex slipped 239.31 points or 0.29% to 81,312.32. The Nifty 50 index fell 73.75 points or 0.30% to 24,752.45.
