Nifty Likely to Open On a Positive Note; Hindalco, United Spirits and Dixon Q4 Results in Focus
Early indications from the GIFT Nifty suggest that Indian equity benchmark indices are likely to open on a positive note on Tuesday, May 20, 2025.
As of 07:30 am, the Gift Nifty hovered near the 25,073 mark, up 82 points from the previous close.
Asian shares rose for the first time in four days, mirroring gains in the US that placed the S&P 500 index on the brink of a bull market.
India is discussing a US trade deal structured in three tranches and expects to reach an interim agreement before July.
On D-Street, stock-specific action is likely to continue amid Q4 earnings. On Tuesday, a few prominent Indian companies are scheduled to announce their Q4 results.
Hindalco Industries, Solar Industries India, Max Healthcare Institute Limited, United Spirits, Torrent Pharmaceuticals, Dixon Technologies, Zydus Lifesciences and NHPC are scheduled to announce their Q4 earnings today.
On May 19, Foreign Institutional Investors (FIIs) were net sellers, selling shares worth ₹525.95 crore. Domestic Institutional Investors (DIIs), on the other hand, also sold shares amounting to ₹237.93 crore during the same session.
Domestic equity benchmarks ended lower on Monday as IT stocks dragged indices down on Moody’s downgrade of the US economy. The Sensex declined by 271.17 points (0.33%) to close at 82,059.42, while the Nifty 50 slipped 74.35 points (0.30%) to settle at 24,945.45.
Asian markets ended their losing streak, recording gains after four consecutive sessions of decline. The upward momentum followed a positive performance on Wall Street, where the S&P 500 index moved closer to entering a bull market phase.
U.S. markets ended Friday in the green, notching their sixth straight session of gains, supported by easing trade tensions between the U.S. and China.
The dollar traded sideways on Tuesday after having glided lower for a week, hemmed in by the Fed's caution over the economy and as U.S. lawmakers came closer to passing a bill expected to widen the nation's fiscal deficit. As of 7.24 am IST the dollar index was trading at 100.25, up by 0.04%.
Gold slipped slightly during the early Asian trading hours, likely due to a technical pullback following Monday’s 1.5% rise in front-month gold futures. Despite this minor decline, downside may remain capped as concerns over the U.S. fiscal deficit could continue to support safe-haven interest in the metal. Spot gold declined 0.22% to $3,222.76 per ounce.
Crude oil prices rose to around $65.6 per barrel on Tuesday amid increased uncertainty over the progress of US-Iran nuclear negotiations.
Disclaimer: The article is for informational purposes only and not investment advice.
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