The BSE Sensex rose 150 points or 0.18%to 82,209, while the Nifty 50 increased 49 points or 0.20%to around 24,998 o’clock at 9:700 pm.
Sensex Pack, Tata Steel, Infosys, Tech Mahindra, TCS, Eicher Motors and HCL Tech opened with the benefit of power grid, HDFC bank, Reliance Industries, Bajaj Finance and Nestlé India.
The power grid declined by Rs 4,143 crore in net profit by the company, reducing the net profit by 0.6% in the same quarter last year.
In individual stocks, the Real Estate Major saw a 39% year-by-year increase in net profit in Q4FY25, up by Rs 921 crore in the same period last year.
Redington’s stock increased by more than 9% in the initial trade, while the company increased net profit by 183% annually in the March quarter, which is run by strong demand in the markets.
The Nifty 50 and the Sensex slip around 0.3% on Monday, Moody’s U.S. Pulling the government’s credit rating from ‘AA’ from ‘AA’ to ‘AA1’ by the loss of IT stocks.
U.S. after a weak start The stocks ended in large quantities of flat overnight, as investors’ spirit remained alert following the downgrade of the country’s sovereign rating.
The yield on US bonds increases post-downgrade, making them more attractive to foreign investors-a trend that usually weighs on emerging market equity like India.
Both foreign and domestic institutional investors were a net seller of Indian stocks on Monday.
Expert
“The market is likely to go to the phase of consolidation in the near term. High -evaluating Side will put a hat on the sidewalk, institutional sales are emerging. The institutional activity was made clear yesterday when both Fi and DII emerged as sellers, though dips are bought on the market because the mutual funds are on the market.”
“Globally, the US credit rating downgrade has introduced an element of ambiguity in the financial markets. Although this is not a close -term threat, however, currently the emotional impact of uncertainty and potential consequences originating from unexpected development will be a careful approach to selling on the Les Lez.”
“The Nifty is placed above all key moving average, which shows an uptrend to the Nifty, the immediate support for the Nifty, while there is a poster support stand at 24500,” said Devarsh lawyer, head of HDFC Securities.
Global markets
Asian stocks rose on Tuesday when the U.S. Treasuries allowed a slight breathing place for US de Dollar Lir, as investors took stock of the world’s largest economy’s debt and were waiting for trade deals.
It left Japan’s wider MSCI index of Asia-Pacific stocks 0.36% higher, reaching a seven-month high of seven months last week. Japan’s Nikki has increased by 0.65% in the initial trade.
The Blue-Chip Index was up 0.15% while Hong Kong’s Hang Seng Index rose 1%.
Fii/dii tracker
According to the temporary NSE data, foreign institutional investors (FIIs) on May 19 sold Indian equity worth Rs 526 crore, while domestic institutional investors (DIIs) were a net seller of Rs 238 crore.
Raw oil
Traders rarely moved oil prices on Tuesday due to a potential breakdown in US-Iran’s negotiations on a strong front month physical demand in Tehran’s nuclear program, asthi and a cautious point of view for China’s macroeconomy.
Brent Futures reduced to 6 cents by 0305 GMT at the barrel at .4 65.48. US West Texas Intermediate Crude Futures rose 1 percent to .7 62.7.
Rupees vs Dollar
In the initial trade, the Indian rupee fell 10 paise to 85.52 against the USD Dollar Lur. The DOLLAR Lur Index, which is looking for a greenback movement against a basket of six major world currencies, has dropped 0.09% to 100.33 levels.
(With inputs of agencies)
(Now you can subscribe to our Etmarkets WhatsApp channel)
