On Tuesday, May 20, India's benchmark indices, Nifty 50, opened in the green, up 0.2 per cent at 24,996.20. Meanwhile, Sensex opened up slightly to 0.06 per cent at 82,116.17. The sentiment is also buoyed by strong performance across Asian markets.
Indian benchmark indices opened in the green on May 20, Nifty 50 opened at 24,996.20, and Sensex opened at 82,116.17
On Tuesday, May 20, India's benchmark indices, Nifty 50, opened in the green, up 0.2 per cent at 24,996.20. Meanwhile, Sensex opened up slightly to 0.06 per cent at 82,116.17. The sentiment is also buoyed by strong performance across Asian markets.
Japan's Nikkei 225 rose 0.45 per cent, the broader Topix added 0.30 per cent, while Hong Kong's Hang Seng Index jumped 0.88 per cent, led by a rebound in tech and property stocks. South Korea's Kospi gained 0.15 per cent, trimming early highs, and Australia's S&P/ASX 200 advanced 0.60 per cent, driven by mining and financial shares. GIFT Nifty futures were trading in the red down by 71 points, or 0.28 per cent, to 25.033, at 9:16 am on May 20.
These moves followed modest gains in the US markets, where the Dow Jones Industrial Average rose 0.32 per cent, the S&P 500 edged up 0.09 per cent, and the Nasdaq gained 0.02 per cent, as investors largely looked past the US credit rating downgrade.
Today's trading session will be influenced by a slew of earnings reports from major Indian companies. Among the headline names releasing their quarterly numbers are Hindalco Industries, United Spirits, Torrent Pharmaceuticals, Solar Industries India, Max Healthcare Institute, Zydus Lifesciences, and NHPC.
Other firms set to report include Dixon Technologies, Fortis Healthcare, Gland Pharma, Laxmi Organic Industries, JK Tyre & Industries, Aster DM Healthcare, EIH, Talbros Engineering, and Whirlpool of India.
Market watchers will keenly analyse margins, revenue growth, and forward guidance from these companies to gauge sectoral health.
In a notable shift, both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) turned net sellers on Monday, marking the first joint exit in over a month. NSE data showed FIIs sold equities worth Rs 526 crore, while DIIs pulled out Rs 238 crore.
Meanwhile, gross trading volumes remained high. FIIs bought shares worth Rs 10,988 crore and sold Rs 11,226 crore; DIIs purchased Rs 11,817 crore and offloaded Rs 12,343 crore. Year-to-date, FIIs have been net sellers to the tune of Rs 1.09 lakh crore, whereas DIIs have injected Rs 2.30 lakh crore into the market.
India is actively negotiating a three-phase trade agreement with the United States, aiming to conclude an interim deal before July, when President Donald Trump's planned reciprocal tariffs are scheduled to come into effect. According to Indian officials familiar with the talks, the goal is to ease trade tensions and protect key export sectors before the tariff window opens, as per various media reports.