Stock Market LIVE Update: GIFT Nifty signals positive market opening

The Nifty ended 74 points lower yesterday and finished below 25,000, but the odds are high this is a result of people taking profits after Thursday’s jump. Such stalls are often seen after big up-moves, but as long as this dip does not take us below the 24753 to 24860, dip buying should emerge. Global cues remain positive, with the S&P ending higher for the sixth straight day yesterday, which was the fifth time it has done that since the early April tariff-led lows. Speaking of seasonality, the current week has seen the nifty advance in 90% of instances over the last decade, so that’s another tailwind.

#1 Net profit at Rs 331 crore up 85% YoY

#2 Revenue Rs592 cr, up 8.2% YoY

#3 Total costs Rs384 cr, up 1.6% YoY

#1 Net loss at Rs 95.49 crore vs net profit of Rs 94.38 cr YoY

#2 Revenue Rs3656 cr vs Bloomberg estimate of Rs 5462 cr

#3 Total costs Rs3610 cr, up 3.1% YoY

#4 EBITDA Rs67.36 cr vs Bloomberg estimates of Rs204 cr

#5 Q4 had exceptional loss Rs158 cr on credit loss, others

The five-year rate, a reference for long-term loans including mortgages, was cut to 3.5% from 3.6%, same as expected….Read More

Hindalco Industries, Zydus Lifesciences, Aster DM Healthcare, Dixon Technologies, EIH, Fortis Healthcare, Gland Pharma, JK Tyre & Industries, Laxmi Organic Industries, Max Healthcare Institute, NHPC, Solar Industries India, Talbros Engineering, Torrent Pharmaceuticals, United Spirits, and Whirlpool of India will release their quarterly earnings on May 20.

What sets JN.1 apart is a unique mutation in the spike protein — the part of the virus that binds to human cells. This mutation may give the virus an edge in terms of transmissibility and immune escape….Read More

On Monday, India’s benchmark Sensex closed 270 points lower at 82,059, while the Nifty ended 74 points down at 24,945. On the BSE, 2,524 stocks advanced, 1,571 declined, and 178 remained unchanged

Stocks to Watch, 20 May: Stocks like CMS Info Systems, GMR Power and Urban Infra, New India Assurance Company, Marksans Pharma, Ami Organics, Bharat Bijlee, Le Travenues Technology, Mangalam Organics, Integrity Infrabuild Developers, Power Grid Corporation of India, Bharat Electronics, DLF, ACME Solar Holdings, Borosil, Petronet LNG, and DOMS Industries will be in focus on May 20….Read More

After an initial drop at the open, U.S. markets shrugged off the downgrade of the country’s credit rating, as Treasury Secretary Scott Bessent downplayed concerns, stating that the government is committed to reducing spending and boosting the economy. The S&P 500 index climbed for a sixth consecutive day, closing 0.1 percent higher. The Dow Jones gained 0.3 percent, while the Nasdaq ended flat. Brazil’s Ibovespa also closed 0.3 percent higher

Asian stocks are trading higher. The Nikkei gained 0.45 percent, the Hang Seng is up 0.8 percent, while the Shanghai Composite is marginally higher by 0.1 percent.

Trends on GIFT Nifty indicate a positive start for the broader Indian index, with gains of 83 points or 0.33 percent. Nifty futures were trading around the 25,073.5 level.