Nifty Set for Soft Open; LIC in the Spotlight After Q4 Results
On Wednesday, May 28, Indian equity benchmarks are likely to open flat. As of 7:30 am, the GIFT Nifty was trading near the 24,854 mark, down 3 points from the previous close.
Asian markets traded higher at the open, tracking the biggest rally on Wall Street in more than two weeks, as sentiment was boosted by a rebound in US consumer confidence and after U.S. President Donald Trump announced he is delaying a threatened 50% tariff on imports from the European Union.
Despite a muted start, the domestic market is likely to witness stock-specific action as Q4 earnings unfold. Several prominent Indian companies are set to announce their fourth-quarter results on Wednesday.
Cummins India, IRCTC - Indian Railway Catering & Tourism Corp, Steel Authority of India, 3M India, Cohance Lifesciences, Deepak Nitrite, JSW Holdings, Nuvama Wealth Management and Welspun Corp are scheduled to announce their Q4 earnings today.
Life Insurance Corporation of India (LIC) announced its Q4 results on Tuesday, May 27, 2025. The company recorded a 38% rise in net profit at ₹19,013 crore for the fourth quarter of the financial year 2024-25, compared to ₹13,763 crore in the same quarter a year ago.
LIC's board of directors announced a final dividend of ₹12 per share for the financial year ended 2024-25.
On May 27, Foreign Institutional Investors (FIIs) were net buyers, having bought equities worth ₹348.45 crore. Domestic Institutional Investors (DIIs), on the other hand, bought shares totalling ₹10,104.66 crore during the same session
The Indian stock market closed on a negative note on Tuesday, snapping its two-day winning streak. Sensex saw a sharp decline, shedding 624.82 points, or 0.76%, to settle at 81,551.63 amid a volatile trading day as investors booked profits. The Nifty 50 also ended in the red, slipping 174.95 points, or 0.70%, to close at 24,826.20.
Asian markets showed a positive performance on Wednesday. Japan’s Nikkei 225 jumped by 0.56%, while the Topix index surged by 0.54%. In South Korea, the Kospi jumped 1.86%, and the Kosdaq extended its gains by 0.59%. Hong Kong’s Hang Seng index opened higher at the start of the trading day.
U.S. markets rallied on Tuesday, lifted by renewed investor optimism following U.S. President Donald Trump’s decision to delay certain tariffs and a surprising rise in consumer confidence.
On Wall Street, markets saw a significant upswing— the Dow Jones Industrial Average climbed 740.58 points (1.78%) to close at 42,343.65. The S&P 500 added 118.72 points (2.05%) to reach 5,921.54, while the Nasdaq Composite advanced 461.96 points (2.47%) to settle at 19,199.16.
Oil prices dipped on Tuesday, sliding around 1.5%, as market sentiment turned cautious over the possibility of increased supply. This decline followed encouraging signs from ongoing discussions between Iran and the U.S., alongside speculation that OPEC might decide to boost output during its upcoming meeting later in the week.
As of 14:57 GMT, Brent crude was trading at $63.73 per barrel, down 99 cents, while U.S. West Texas Intermediate (WTI) crude dropped $1.02 to settle at $60.48 per barrel, marking a decrease of about 1.7%.
Gold saw a slight uptick on Wednesday, helped by a slight retreat in the dollar and lower US bond yields as investors await the US core Personal Consumption Expenditures (PCE) price index report due later this week for interest rate clues. Spot gold has edged up 0.3%, currently trading at $3,310.06 per ounce.
Disclaimer: The article is for informational purposes only and not investment advice.
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