Nifty Likely to Open On a Positive Note; Dixon Technologies in Focus After Stellar Q4 Results
Early indications from the GIFT Nifty suggest that Indian equity benchmark indices are expected to open higher on Tuesday, May 21, 2025.
As of 07:25 am, the Gift Nifty hovered near the 24,797 mark, up 23 points from the previous close.
Asian markets traded higher, while the US stock market ended lower overnight, with the S&P 500 ending six straight sessions of gains.
On Tuesday, GOI released Core Sector data. The "core 8 sector data" refers to the performance of eight key industries in India that are considered vital for the country's overall industrial and economic health.
The combined output of eight core infrastructure industries growth dropped sharply to just 0.5% in April, marking an eight-month low. These sectors — including coal, crude oil, refinery products, natural gas, steel, cement, electricity, and fertilisers — had shown a strong 6.9% expansion in April 2024. In comparison, the growth recorded in March 2025 stood at 4.6%.
Dixon Technologies on Tuesday, May 20, posted stellar numbers for the Q4 & FY25.
The company's consolidated profit after tax surged 379% year-on-year (YoY) to ₹465 crore in Q4 FY25, compared with ₹97 crore in the corresponding quarter in FY24. Total income rose to ₹10,304 crore in Q4 FY25, recording a 120% growth over ₹4,675 crore posted in the same period a year ago. For the full financial year, Dixon Technologies' PAT jumped 229% YoY to ₹1,233 crore while the revenue from operations grew 119% YoY to ₹38,880 crore.
Along with the earnings, Dixon Technologies' board also approved the final dividend of ₹8 apiece for the financial year 2024-25.
On D-Street, stock-specific action is likely to continue amid Q4 earnings. On Wednesday, a few prominent Indian companies are scheduled to announce their Q4 results.
Oil and Natural Gas Corporation, Interglobe Aviation, Power Finance Corporation, Mankind Pharma, NTPC Green Energy, Rail Vikas Nigam, Colgate Palmolive (India), Oil India, IndusInd Bank, UNO Minda, Astral Limited, National Aluminium Company and Ircon International are scheduled to announce their Q4 earnings today.
On May 20, Foreign Institutional Investors (FIIs) were net sellers, offloaded equities worth ₹10,016.10 crore. Domestic Institutional Investors (DIIs), on the other hand, bought shares amounting to ₹6,738.39 crore during the same session.
On Tuesday, Indian equity markets ended in the red, marking the third straight day of declines. The Sensex dropped by 872.98 points (1.06%) to settle at 81,186.44, while the Nifty 50 declined by 261.55 points (1.05%), closing at 24,683.90. The recent recovery seen last week, driven by the Indo-Pak ceasefire, progress in US-China tariff discussions, and sustained foreign institutional investments, is giving way to cautiousness.
Asian stock markets rose on Wednesday as investors focused on key regional economic data, overlooking the losses seen on Wall Street in the previous session.
In April, Japan posted a trade deficit of 115.8 billion yen (approximately $802.44 million) in April, contrary to the expected surplus of 227.1 billion yen. While exports grew for the seventh consecutive month, rising 2% year-on-year and aligning with market forecasts, the pace slowed from the 4% growth seen in March. Notably, exports to the United States declined during the month. On the import side, there was a 2.2% annual decline.
U.S. stocks closed lower on Tuesday as climbing Treasury yields weighed on investor sentiment, drawing attention to the country’s debt outlook. The Dow Jones Industrial Average slipped by 114.83 points, or 0.27%, ending at 42,677.24. The S&P 500 lost 23.14 points, or 0.39%, to settle at 5,940.46, while the Nasdaq Composite declined 72.75 points, or 0.38%, finishing at 19,142.71.
Yields on longer-term US Treasury securities inched up as investors remained cautious over the country's fiscal outlook. The yield on the benchmark 10-year Treasury note moved slightly higher by 0.2 basis points, reaching 4.477%. Meanwhile, the 30-year bond yield climbed 2.3 basis points to settle at 4.965%. During Monday’s session, it briefly hit 5.037%, marking its highest level since November 2023.
Gold prices edged higher as the US dollar weakened to a two-week low, prompting investors to turn to safe-haven assets amid ongoing fiscal concerns in the US. The spot gold rose by 0.4% to $3,300.72 per ounce.
Crude oil prices recorded gains of over 1% following reports that Israel is planning a potential strike on Iranian nuclear sites. Brent crude futures for July increased by 1.28% to reach $66.22 per barrel, and July contracts for US West Texas Intermediate (WTI) rose 1.42%, settling at $62.91.
Disclaimer: The article is for informational purposes only and not investment advice.
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