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The benchmark Sensex and Nifty indices are expected to open flat on May 27, following GIFT Nifty trends indicating a loss of just 7 points for the broader index.
US stocks rebounded on Friday from sharp losses the day before on news of an improving consumer outlook on inflation, sending the Nasdaq to a fifth straight week of gains and record closing high. The S&P 500 gained 0.70%, and the Nasdaq Composite advanced 1.10%
Asian shares edged higher on Monday as investors braced for a busy week of data which culminates in a key U.S. inflation report that could set the stage for a cut in interest rates. Nikkei 0.14%, Topix 0.19%, Hang Seng -0.03%, Kospi 0.54%.
Stocks on focus today
NTPC:
The power generation company’s Q4 standalone profit falls 2% to Rs 5,556.4 crore Vs Rs 5,672.3 crore and Revenue rises 2.9% to Rs 42,532.2 crore Vs Rs 41,317.9 crore. Consolidated Q4 YOY Profit surges 33% to Rs 6,490 crore Vs Rs 4,871.6 crore and Revenue increases 7.6% to Rs 47,622 crore Vs Rs 44,253.2 crore. The company has announced a dividend of Rs 3.25 per share.
Bosh:
The engineering company’s Consolidated Q4 profit grows 41.5% to Rs 564.4 crore Vs Rs 398.9 crore and Revenue increases 4.2% to Rs 4,233.4 crore Vs Rs 4,063.4 crore. The company has announced a final dividend of Rs 170 per share.
Rail Vikas Nigam
The company has emerged as the lowest bidder (L1) for a project worth Rs 187.34 crore from Maharashtra Metro Rail Corporation (Nagpur Metro). The project involves the construction of six elevated metro stations in Phase 2.
Easy Trip Planners
The online travel platform’s co-founder and chief executive officer (CEO) Nishant Pitti announced the withdrawal of his personal bid from the GoAir acquisition process. Nishant stated that he would better focus on other strategic priorities and initiatives that align with the company’s long-term vision and growth objectives.