Benchmark indices opened on a positive note on Wedensday, May 15. The BSE Sensex opened in the green, up by 222 points, or 0.27 per cent at 81,370. Meanwhile, the NSE Nifty 50 opened in green, up by 57 points, or 0.23 per cent at 24,636. Additionally, the GIFT Nifty is trading in the green at 24,787.50 as of 9:44 am, down 0.21 per cent. The pre-market signal suggests investors are treading cautiously after Tuesday’s bout of profit-taking and ahead of a flurry of corporate earnings. The GIFT Nifty is seen as a reliable early indicator of market sentiment.
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Global Market Snapshot
Asian markets opened mixed, offering little clarity for direction. Japan’s Nikkei 225 dropped 0.57 per cent, while the broader Topix index fell more sharply, down 1.05 per cent. South Korea’s Kospi edged up 0.67 per cent, and the Kosdaq held nearly flat with a slight gain of 0.02 per cent. Australia’s S&P/ASX 200 was down 0.1 per cent, maintaining a muted tone. Meanwhile, Hong Kong’s Hang Seng rose 1.16 per cent, but China’s CSI 300 dipped 0.21 per cent.
U.S. benchmark indices bounced back on Tuesday, wiping out their year-to-date losses amid signs of easing trade tensions and cooler-than-expected inflation data. The S&P 500 gained 0.7 per cent, the Nasdaq 100 jumped 1.6 per cent, and the Bloomberg Mag
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Commodity Check
Oil prices softened, with West Texas Intermediate (WTI) crude slipping 0.38 per cent to $63.43 per barrel. Spot gold eased 0.30 per cent to $3,240.43 an ounce, continuing its volatile run.
Base metals, however, posted modest gains across the board. Copper rose 0.83 per cent, marking a fourth straight day of increases. Nickel reversed earlier losses to gain 0.64 per cent, while aluminium added 0.40 per cent. Zinc continued its rally with a 0.93 per cent gain, and lead recovered 0.58 per cent.
Corporate Earnings to Watch
A packed earnings calendar is also likely to shape market sentiment today. Key firms announcing their results include:
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Large-cap names: Eicher Motors, Shree Cement, Hindustan Aeronautics, Lupin, Tata Power, Apollo Tyres, Berger Paints.
Mid and small caps: Blue Jet Healthcare, Brigade Enterprises, eClerx Services, Edelweiss Financial Services, Graphite India, JB Chemicals & Pharmaceuticals, Jubilant FoodWorks, Karnataka Bank, Muthoot Finance, Piramal Pharma, Shree Renuka Sugars, Torrent Power, V-Guard Industries, Zuari Agro Chemicals, among others.
Additional results are expected from companies such as Aditya Birla Real Estate, ADF Foods, Akzo Nobel India, Apar Industries, Dollar Industries, Dredging Corporation of India, Ganesh Housing, Hitachi Energy India, Keystone Realtors, Le Travenues Technology, NIIT Learning Systems, Nilkamal, Sanofi India, Sheela Foam, Sharda Cropchem, Baazar Style Retail, Surya Roshni, Tilaknagar Industries, Transport Corporation of India, and KP Green Energy.
