After a strong rally earlier in the week, Indian stock markets took a breather on May 16, 2025.
The benchmark Nifty 50 closed at 25,019.80, down 42.30 points or 0.17 per cent. During the week, it had surged 4.20 per cent, majorly buoyed by relief over the ceasefire between India and Pakistan following four days of intense cross-border firing, shelling and deadly drone attacks.
The trade agreement between the United States and China indicated easing global trade tensions, strengthening investor confidence.
Further, the trade agreement between the US and the UK and the India-UK Free Trade Agreement (FTA) also added to the de-escalation of global trade tensions.
The coming week is also packed with some important market triggers that could influence the direction of the market. Let’s take a look.
India-US Trade Deal
US President Donald Trump has signalled that a trade deal between India and the United States could be nearing completion, though he emphasised there’s no urgency on his part.
In an interview with Fox News, Trump claimed that India is ready to eliminate all tariffs on American goods.
“Do you know that they're willing to cut 100 per cent of their tariffs for the United States?” he said.
However, External Affairs Minister S Jaishankar has reiterated that any trade agreement must be “mutually beneficial,”
When asked about the timing of the deal, Trump responded, “That’ll come soon. I’m in no rush. Look, everybody wants to make a deal with us.”
Meanwhile, Union Minister of Commerce Piyush Goyal is currently in Washington to assess the state of negotiations. He is expected to hold talks with US Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer to discuss the potential deal’s framework and next steps.
Q4 Results
The fourth quarterly (Q4 FY25) earnings season is in full swing. As many as 650 companies are scheduled to report their Q4 results during the week (May 19-23, 2025).
Among the major companies that will post their earnings are Power Grid Corporation, Hindalco, ONGC, Sun Pharma, ITC, JSW Steel, L&T, Titan, M&M, Asian Paints, Bank of Baroda, BSE, Paytm, Swiggy, Tata Chemicals, MRF, Indian Hotels, Dr. Reddy’s, Reliance Power, and Coforge.
New IPOs And Listings
The primary market will see some activity next week with two mainboard initial public offerings (IPOs), Borana Weaves and Belrise Industries, which are, set to open for subscription.
Alongside these, three small and medium enterprise (SME) IPOs are also scheduled for launch — Victory Electric Vehicles, Dar Credit and Capital and Unified Data- Tech.
Three companies that recently concluded their IPOs are also expected to list on the stock exchanges in the coming week. These are Virtual Galaxy Infotech, Integrity Infrabuild Developers, and Accretion Pharmaceuticals.
